Hot Crypto News Today: Bitcoin Hits Record High Over $122K Ahead of 'Crypto Week'Published: July 14, 2025, by Investing.comThe cryptocurrency market is buzzing with bullish momentum as Bitcoin (BTC) surged to a new all-time high, briefly touching $122,562.4 before trading at $122,467.8, up 3.9% as of 01:48 ET (05:48 GMT). This rally comes as the U.S. House of Representatives gears up for “Crypto Week,” starting Monday, where key industry legislation, including the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act, will be debated. These bills aim to provide a clearer regulatory framework for digital assets, fueling optimism among investors.The broader crypto market also saw gains, with the total market cap rising 3.25% to $3.8 trillion. XRP jumped 5.8% to $2.93, Solana rose 3.1%, and Cardano climbed 4.5%. Institutional demand remains a key driver, with U.S. spot Bitcoin ETFs recording significant inflows and major asset managers like BlackRock and Fidelity expanding their crypto holdings. Additionally, Japanese firm Metaplanet Inc. announced the acquisition of 797 more Bitcoins, bringing its total to 16,352 coins, further boosting market sentiment.However, not all news was positive. The collapse of British crypto fintech Ziglu revealed a £2 million ($2.7 million) shortfall, leaving thousands of savers at risk of losing their investments. Meanwhile, XRP is eyeing a potential breakout toward $3.40, driven by ETF buzz and whale accumulation, with analysts predicting further gains if momentum continues.
