Bitcoin broke the $120,000 mark for the first time. Investors bet on long-awaited political decisions.
Expectations of the favorable development of the cryptocurrency industry contributed to the fact that on July 14, bitcoin reached a record level of $121,207.55 in the Asian session, Reuters reports with reference to trading data.
The dynamics of the bitcoin exchange rate, which has grown by 29% since the beginning of 2025, has also provoked rallies in other cryptocurrencies over the past few weeks. Ether, the second largest token, reached its maximum for the last five months — $3048.23. According to CoinMarketCap, the total market value of the sector has grown to approximately $3.78 trillion.
The agency notes that investors bet on long-awaited political decisions in the industry that can be taken this week. The House of Representatives of the USA will discuss a number of bills aimed at creating a regulatory framework for the digital asset industry, which it has been demanding for a long time. President of the USA Donald Trump is expected to support the legislators.
