Reached over $120,000 for the first time on July 14, 2025, peaking at $122,571.19 before retreating to $121,952.61, a daily increase of 2.4%.
Increased by 29% since the beginning of 2025, with strong gains in the broader market (Ethereum, Solana, XRP).
Why is this happening now?
Legislative optimism: "Crypto Week" has kicked off in the US Congress with discussions on three important bills including stablecoin regulation and easing oversight authority.
Significant political support: President Trump declared himself the "Crypto President," supported favorable legislation, and issued an executive order in March 2025 to create a "Strategic Bitcoin Reserve."
Wide institutional support: strong inflows to Bitcoin spot ETFs exceeded billions of dollars, with an increase in holdings by institutions, companies, and also some central banks.
What are the upcoming expectations?
Positive technical and analytical outlook: average targets between $125,000 and $160,000 by the end of 2025, with expectations of reaching $200,000 or even $250,000.
Warnings of a temporary correction: some analysts are warning of profit-taking risks at high levels, especially with US inflation data approaching.