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?
A migrant tragedy has struck the Caribbean once again, as at least four people died and around 20 are missing after a boat carrying roughly 40 refugees and migrants capsized off the coast of the Dominican Republic. The vessel, bound for Puerto Rico, overturned in...
The arrest of former Costa Rican Security Minister Celso Gamboa Sánchez has thrown the country into what may be the most serious drug-related corruption scandal in its history. On June 23, Gamboa was detained in San José following a U.S. extradition request. He stands...
Francisco Martínez Domínguez, the mayor of San Isidro, Honduras, was shot dead in a brazen attack that has shaken the small Indigenous-majority community and stirred national debate over safety and justice. The 45-year-old politician, seeking re-election under the...
A migrant tragedy has struck the Caribbean once again, as at least four people died and around 20 are missing after a boat carrying roughly 40 refugees and migrants capsized off the coast of the...
The arrest of former Costa Rican Security Minister Celso Gamboa Sánchez has thrown the country into what may be the most serious drug-related corruption scandal in its history. On June 23, Gamboa...
Francisco Martínez Domínguez, the mayor of San Isidro, Honduras, was shot dead in a brazen attack that has shaken the small Indigenous-majority community and stirred national debate over safety and...
0 Comments