news 
Bitcoin Blows Past $122,000 in Milestone All-Time High
Bitcoin has reached a new all-time high, blasting past the psychologically significant $120,000 milestone to reach a staggering $122,500 on Coinbase, according to TradingView. The asset’s price has increased by 3.5% in a single day, continuing its relentless bull run.
The cryptocurrency market is abuzz with excitement as Bitcoin breaks through another major barrier, with many analysts and investors alike left stunned by the speed and magnitude of this latest surge. This comes on the heels of news that the United States House has designated July 14 to 18 as “Crypto Week,” with key industry bills up for review.
The event is expected to bring significant regulatory clarity and a potential catalyst for further growth in the market. Meanwhile, some experts are pointing to Donald Trump’s spending bill (the “One Big Beautiful Bill”) and the anticipated surge in fiscal deficit it will propel Bitcoin prices even higher.
As the cryptocurrency reaches new heights, many have taken to social media to voice their amazement. One notable tweet from analyst Joe Consorti reads: “$1.3 BILLION IN SHORTS were liquidated in less than 60 seconds. Bitcoin skipped straight past $120k and went directly to $121k. At $2.39 trillion, Bitcoin is now officially larger than Amazon, and is the world’s 5th largest asset.”
In a separate statement, analyst Willy Woo weighed in on the matter, stating that “Breaking new highs was liquidation driven… ie, investors were neutral… this is now flipping bullish.” Meanwhile, crypto entrepreneur Anthony Pompliano offered his perspective, commenting that Bitcoin is “the only technology I am aware of that can solve the universal problem of currency debasement shared by billions of people in our modern world.”
Lastly, CoinGecko has reported that real-world asset tokenization has taken the lead as today’s top-performing category, soaring a whopping 13%. This growth outpaces meme coins and AI tokens.
Source: cryptopotato.com
