Bitcoin continues its unstoppable rally, shattering the $119,000 barrier over the weekend—just shy of the key $120K psychological level. The surge comes as Crypto Week 2025 begins, with major legislation that could reshape the industry.
Bitcoin’s Record-Breaking Rally
New ATH: $119,292 (up 2% in 24 hours)
Weekly gain: Nearly 10%
Market cap hits $2.5T despite 20% lower trading volume
Analysts point to MicroStrategy’s resumed Bitcoin buys as a catalyst, though some warn of a potential pullback due to thin liquidity.
Altcoins Join the Party
Ethereum briefly topped $3,000
HYPE hit a new ATH at $48.78 (+7%)
XRP & ADA both surged 6%
Why Crypto Week Matters
Congratulations to President Trump, the House & Senate leadership, and White House staff for passing One Big Beautiful Bill. Historic victories on border security, tax cuts, welfare reform, deregulation.
Next up: Crypto Week in the House (July 14). GENIUS Act (stablecoins) is…
From July 14-17, Congress will debate three major crypto bills:
CLARITY Act (regulation clarity)
GENIUS Act (stablecoin rules)
Anti-CBDC Act (digital dollar limits)
Next week, the House will deliver on @POTUS' call to make the United States the crypto capital of the world. pic.twitter.com/T7lRm2Ux05
— Financial Services GOP (@FinancialCmte) July 10, 2025
A “yes” vote could boost institutional adoption, especially for stablecoins. Despite pushback from Democrats, the crypto market cap has already risen 3% to $3.71T.
What’s Next for Bitcoin?
✅ Bullish Case:
Break above $120K if legislation passes
Ethereum could lead an altcoin surge
⚠️ Risks to Watch:
Low-volume breakout may need confirmation
Potential profit-taking near $120K
With regulatory decisions looming, this could be crypto’s most pivotal week in 2025.
