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?
Toronto is officially ready for the world stage. Major upgrades to BMO Field at Exhibition Place have now been completed ahead of the FIFA World Cup 2026, where the venue will temporarily be known as Toronto Stadium. Delivered through a partnership between the City of...
There’s no easing up when it comes to Lionel Messi — and that’s big news for Toronto. According to Javier Mascherano, resting Messi isn’t part of the plan heading into the 2026 World Cup. The focus is simple: keep him playing, keep him sharp, and manage him in real...
The 2026 World Happiness Report is out, and while Nordic countries continue to dominate, there’s a major moment for Latin America. For the first time ever, Costa Rica has cracked the top five, landing at No. 4 and confirming its rise as one of the happiest places in...
The 2026 World Happiness Report is out, and while Nordic countries continue to dominate, there’s a major moment for Latin America. For the first time ever, Costa Rica has cracked the top five,...
There’s a growing story coming out of Nicaragua — and it’s raising serious global concern. The country is now exporting over 11,000 exotic animals per month, a massive spike compared to previous...
China has dispatched a major shipment of 60,000 tons of rice to Cuba, reinforcing its ongoing support for the island as it faces economic pressure and food shortages. The shipment, announced by the...
0 Comments