Dark Mode
Blogs
Bitcoin (BTC-USD) surged to a new all-time high on Friday, climbing above $118,000 in a powerful rally fueled by growing enthusiasm across tech and risk assets. The breakout aligns with AI leader Nvidia’s (NVDA) historic leap to a $4 trillion market cap and record highs for the Nasdaq Composite and S&P 500, reinforcing Bitcoin’s longstanding correlation with tech stocks.
Crypto analyst Nic Puckrin of Coin Bureau noted that Bitcoin’s steady rise—about 21% year to date—has been driven by favorable Trump-era crypto policies, including the creation of a strategic bitcoin reserve. While the token had been locked in a relatively stable $10,000 trading range for the past two months, the current move is seen more as a pressure release than the beginning of a final bull run.
The rally arrives just days before the U.S. Congress launches “Crypto Week” on July 14, where lawmakers will review bills that could reshape crypto regulation. The GENIUS Act, which sets a federal framework for stablecoins, is among the key proposals. A positive regulatory outcome could spark increased institutional investment, according to Kaiko CEO Jesse Jarvis.
Publicly traded crypto firms are also riding the wave: shares of Circle (CRCL), which issues the USDC stablecoin, have jumped over 500% since its June IPO, while Robinhood (HOOD) and Coinbase (COIN) posted gains on Thursday.
With Bitcoin breaking records and regulation on the horizon, the stage is set for a potentially transformative moment in the crypto space.
Did you like this article?
Did you like this article?
After years of relentless increases, Toronto renters are finally getting a breather. According to the latest February 2026 report from Rentals.ca, average asking rents in Toronto have fallen to their lowest levels in nearly four years. Across Canada, rents declined...
Inter Miami CF has officially reached the top of Major League Soccer’s financial mountain. According to a new valuation report from Sportico, the Herons are now worth $1.45 billion, making them the most valuable franchise in MLS. That figure represents a 22% jump from...
Fresh off a history-making Super Bowl halftime performance and multiple Grammy wins, Bad Bunny has renewed his publishing agreement with Rimas Publishing, extending one of the most impactful creative partnerships in modern Latin music. The renewal signals more than...
The world’s largest pencil maker, Faber-Castell, has accused the Costa Rican government of violating the terms of a humanitarian donation by allegedly using a former factory site to detain asylum...
Mexico’s government says that almost half of the high-powered .50-caliber ammunition seized from drug cartels over the past decade can be traced back to a U.S. government-owned factory. According to...
Guatemala has announced it will begin phasing out its nearly 30-year-old Cuban medical brigade program — a move that signals shifting geopolitical winds across Latin America. The Guatemalan Health...
0 Comments