Home NewsBitcoin Bitcoin Hits $119K Ahead of Crucial Crypto Week

Bitcoin Hits $119K Ahead of Crucial Crypto Week

by Ouess

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

From July 14-17, Congress will debate three major crypto bills:

  1. CLARITY Act (regulation clarity)
  2. GENIUS Act (stablecoin rules)
  3. Anti-CBDC Act (digital dollar limits)

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.

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