Bitcoin Scales Past $122,000 Ahead of U.S. ‘Crypto Week’ Debates

Key Takeaways:

• Jeff Mei’s forecast underscores institutional buyers’ belief that Bitcoin can breach $125K amid ETF inflows.
• The new all-time high on July 14 underscores growing institutional appetite ahead of key regulatory debates.
• Legislative debates like the Genius Act signal regulators moving toward clear stablecoin frameworks.

On July 14, Bitcoin soared past $122,000, hitting a record high of $122,571.19 before settling around $121,952.61 as the U.S. House kicked off its much-anticipated “Crypto Week” debates on new digital-asset legislation.

Lawmakers are set to consider the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act. These reforms represent a major step forward, one the crypto industry has been pushing for years.

First time ever. pic.twitter.com/fJHvMQi7Mz

— Bitcoin (@Bitcoin) July 14, 2025

How Bitcoin Changes the Landscape for Digital Assets to Become More Than Speculative Tokens

President Donald Trump, who has branded himself the “crypto president,” has publicly urged regulators to revamp rules in favor of digital assets.

Meanwhile, Bitcoin ETFs logged their largest inflows of the year, $1.18 billion in a single day, driving fresh buying momentum. 

“We believe institutional buyers will propel bitcoin above $125k in the coming months,” said Jeff Mei, COO of BTSE, noting that long-term investors are downplaying near-term tariff risks.

Analysts pointed to multiple tailwinds. These are robust institutional demand, policy clarity around stablecoins, and increasing participation from Asia-based family offices and wealth managers. 

IG Markets’ Tony Sycamore highlighted the strength of the recent seven-day rally and sees scope for further upside.

As seen in the price chart above, BTC has broken out of a bullish pennant, which confirms the continuation pattern supported by rising volume and a strong MACD crossover. The breakout's next target is the $125,000 zone, even as the price continues to hold steady at $122,000. As long as the world's premier digital asset stays above $121,000, the bullish momentum remains intact.

On the supply side, Bitcoin holders continue to lock up coins, supporting a structural shift in Bitcoin’s role toward being a reserve asset rather than a speculative token. 

OKX Singapore CEO Gracie Lin added that this shift, plus growing central-bank interest, signals deeper integration into the global financial system.

The prices of other altcoins also increased over the weekend. Ether climbed to a five-month high of $3,059.60, while XRP and Solana each gained roughly 3%. The total crypto capitalization swelled to about $3.81 trillion.

Looking ahead, Markus Thielen of 10x Research sees potential for a sovereign-wealth fund to allocate to digital assets. 

He noted that corporate and institutional investors have funneled roughly $15 billion into Bitcoin ETFs over the past six to eight weeks. However, he warned that further Fed rate hikes remain the primary risk to sustained gains.

Bitcoin Charting New Paths: Road to $1 Million Becoming Clearer

Bitcoin continues to ride the positive momentum into the early third quarter (Q3), despite the limited media coverage it faced in the second quarter (Q2), and broader reporting in the coming months could drive even stronger gains. 

Top-tier media outlets ran just 13 Bitcoin articles, 2% of all coverage. Yet this skewed narrative hasn't derailed its momentum.

Elite media's ostrich strategy creates MASSIVE INFORMATION ASYMMETRY.

Institutional investors relying on WSJ/FT for market intelligence are systematically underinformed about a transformative asset class.

This isn't Bitcoin's blind spot.

It's theirs.https://t.co/xnpWSxcLQl

— Bitcoin Perception 🗞️ 📊 (@BTCPerception) July 8, 2025

Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) now holds over 700,300 BTC worth roughly $75.6 billion in assets. A recent $164.6 million inflow solidified the fund's dominance, accounting for over 55% of all U.S. spot ETF holdings. In addition, IBIT's annual fee revenue now tops $187.2 million, outpacing BlackRock’s flagship S&P 500 ETF. 

Institutional demand shows no sign of cooling. February marked the only month of net selling this year. Even Strategy, after a 15-week buying spree, paused only to secure additional funding.

Given this rapid institutional inflow and rising demand for BTC, Michael Saylor’s bold prediction of a $1 million Bitcoin price no longer feels far-fetched. The path to new all-time highs appears clearer than ever.