Bitcoin surged past $120,000, briefly topping $123,000 on July 14, marking a fresh all-time high, driven by optimism around “Crypto Week” in the U.S. #Binanceturns8 House—where several pro-crypto bills, such as the GENIUS and CLARITY Acts, are under consideration . This rally reflects increasing institutional demand—marked by record bitcoin ETF inflows ($3.4 billion in early July, including $2.2 billion in two days) and large corporate treasury buys . MicroStrategy purchased 4,225 BTC (~$472.5 million) last week, further boosting sentiment . However, on July 15, bitcoin pulled back to ~$117,300–$117,500 as long-term holders locked in profits—realizing around $3.5 billion in gains . Meanwhile, Standard Chartered became the first global systemically important bank to offer regulated spot trading in bitcoin and ether .
👉 Outlook: Regulatory progress this week may provide clarity and support further upside—but expect volatility as profit-taking unfolds.