Hey folks,
Bitcoin just did it again 🚀 past the $120K mark for the first time ever!
This is its highest price in history. BTC has touched $122K at the time of writing this.
Strong ETF inflows and a wave of fresh retail interest fueled the rally.
If you’ve been hodling, congratulations. If you were waiting for a dip… well, you might be waiting a while.
While prices were heating up, so was the political stage in the U.S. Lawmakers announced what they’re calling “Crypto Week.”
Starting this Monday, the US House of Representatives will vote on three major crypto bills. This is big because whatever the U.S. decides usually sets the tone for global markets, too.
Here’s what they’re voting on:
✅ The first bill aims to bring clear rules on what counts as a “security” vs a “commodity” in crypto. This matters because it determines who regulates which tokens, thereby reducing the confusion investors face.
✅ The second bill focuses on stablecoins. It would allow U.S. banks and certain companies to issue stablecoins, but under stricter rules. That could bring more trust and stability to stablecoin markets.
✅ The third bill is about stopping a U.S. government-issued digital dollar, also called a CBDC. Some lawmakers worry it could hurt privacy and competition, so they want to block it.
No matter which way the votes go, the fact that the world’s largest economy is finally debating crypto policy on this level is a big deal.
If clear rules emerge from this, expect even more money to flow into crypto globally.
The Reserve Bank of India is watching these developments closely, according to reports. RBI is tracking how the U.S. and other countries handle crypto rules as it drafts its policy paper.
The decisions made during Crypto Week could set a precedent for how regulators everywhere, including in India, approach digital assets.
So keep your eyes on Washington this week. The ripple effects will be felt across the world.
That’s all for now. We’ll be back next Monday with more updates.
Bitcoin continued its historic rally last week, hitting a new all-time high. The rally was driven by risk-on sentiment, Fed signals, and ETF inflows. Ethereum also recorded significant gains while altcoins like XLM, PENGU, and ALGO saw sharp gains.
Weekly price movement:
BTC $122,334 ⏫ 12.31% (7d)
ETH $3,025 ⏫ 17.53% (7d)
XLM $0.4738 ⏫ 89.97% (7d)
PENGU $0.0289 ⏫ 90.12% (7d)
ALGO $0.2769 ⏫ 57.21% (7d)
(All data here as of 2:00 p.m., 14 July 2025)
Before we conclude, here’s a quick look at some important news from around the crypto world.
US-based spot Bitcoin ETFs recorded over $1 billion in daily inflows for the second consecutive day on July 11, marking the first time since their January 2024 launch that they’ve seen two back-to-back days with ten-digit inflows. On Friday, the 11 spot Bitcoin ETF products recorded total inflows of $1.03 billion, following $1.17 billion in inflows the day before, per Farside data, Cointelegraph reported.
Memecoin platform Pump.fun raised $600 million in just 12 minutes during its public token sale on July 9. Built on Solana, it sold 150 billion tokens at $0.004 each, following a private sale of 180 billion tokens. The total sale reached $1.32 billion, with US and UK investors excluded, according to Bloomberg.
That’s it for now. Thanks for sticking around.
See you later, folks! 👋