$BTC Bitcoin has broken new records, surging past $120,000 and even briefly touching $123,000—a nearly 30% year‑to‑date gain, fueled by strong institutional inflows, political backing (including Trump-era policies), and a regulatory push in Washington .
Ethereum remains strong, trading just above $3,040, up about 3% today, buoyed by overall market optimism .
Altcoins like XRP are also on the move, with XRP approaching $2.94 and eyes set on $3; notable gains in projects like Pudgy Penguins (PENGU) and Aptos (APT) are emerging in the top gainers list .
🏛 Regulatory Momentum: “Crypto Week” in Washington
The U.S. House has declared this week—July 14–18—as “Crypto Week”, set to debate key legislation: the GENIUS Act, Clarity Act, and Anti‑CBDC Surveillance State Act. These aim to regulate stablecoins, assign oversight to the CFTC, ban a Fed-run digital currency, and preempt a Fed-issued CBDC .
Institutional players expect this could pave the way for broader ETF access, corporate adoption, and importantly, a firmer legal framework that the crypto market has long sought .
🌐 Other Noteworthy Developments
Presidential crypto policies from the Trump administration—like establishing a strategic Bitcoin reserve, executive orders banning a Fed CBDC, and supportive SEC actions—have steadily bolstered sentiment .
New listings: The $TRUMP memecoin was listed rapidly by major platforms amid hype, though its wild price swings serve as a cautionary tale .
Market cap for the entire crypto space has surged to around $3.8 trillion, a boost from broad-market gains and bullish macro factors ().
