On Monday, July 14, Bitcoin once again over the past few days updated the historical price maximum at a level above $ 123 thousand. The growth of the main cryptocurrency provoked a large -scale rally and for the rest of the crypto. All this is accompanied by geopolitical and macroeconomic uncertainty, as well as the beginning of the “cryptondel” in the US Congress, writes RBC Crypto.
The price of Bitcoin (BTC) for the first time in history exceeded $ 123.1 thousand. In the morning of July 14, at about 10:00 Moscow time. According to 19:00, quotes rolled back to the level of $ 119.6 thousand, according to Binance. Starting from July 10, when BTC updated the price of the maximum, which was held from May 22 at a level just below $ 112 thousand, the price of the main cryptocurrency increased by about 10%.
The growth allowed Bitcoin to take a place in the list of fastest growing assets this year. According to the analysis of the main market strategist Creative Planning, Charlie Bilello quoted by Coindesk, bitcoin and gold are the two most profitable assets in 2025: “We have never seen these two assets occupy the first and second places, not in any calendar year.”
In 2025, the price of gold showed one of the strongest growth dynamics. Since the beginning of January, the asset has grown by more than 28%, ahead of the main exchange indices that monitor the prices of shares of American companies – S&P 500 and NASDAQ100, which showed an increase of 6 and 8%, respectively, according to the same time, according to TradingView on July 14.
With the advent of the new administration in the United States and after Donald Trump entered the post of president, not only cryptocurrency experts began to celebrate the similarity of bitcoin with gold, but also officials. So, for example, the head of the Fed Jar Powell said that people use bitcoin as virtual, digital gold, and do not use it as a form of payment or as a means of savings, noting that the main cryptocurrency is “not a competitor to the dollar, this is a real competitor to gold”. The Decree of the US President Donald Trump from March 6, which is about the intention to create a state reserve from bitcoin and other cryptocurrencies, it is also noted that “because of their rarity and safety, Bitcoin is often called digital gold.”
Against the backdrop of a positive movement of bitcoin, quotes and other cryptocurrencies increased. The total capitalization of the cryptorrhist over the past week increased by more than 11%, to a record $ 3.81 trillion, according to CoinmarketCap. And prices are 100 largest in capitalization of crypto assets increased over the past seven days in the range to 190%.
What’s next
Bitcoin achievement of a new price maximum occurred against the backdrop of the beginning of the “cryptonedel” in the US Congress from July 14, where three key initiatives regarding crypto acts will be considered: about stablecoins, the regulation of the activities of the crypto -based and circulation of digital assets, the ban on the release of the central bank digital currency (CBDC).
US lawmakers note that these legislative acts are “vital for America to lead in the field of digital assets.” The importance of adopting laws on cryptocurrencies is also noted in the community of cryptocurrency experts – not only for the development of the industry, but also for price dynamics. Bitwise Director Matt Hawgan indicated that the delay in adopting at least one cryptocurrency law could jeopardize the entire crypto ripe impetus.
Experts also note the importance of negotiations on trade duties in the United States. The head of the analytical department of Signalplus Augustine Fan told Coindesk:
“Probably, the mood in the market will remain unstable until the end of summer and the only real risk catalyst can only be the full failure of negotiations on trade duties. But it all depends on the president [Трампа] And how aggressively he wants to promote his current position. ”
Pamp, Dump and Trump: as the US president influenced and will affect the cryptocurrency market in early July, Trump began to consistently publish letters to leaders of different countries with notifications about the upcoming increase in duties. For some, including Brunei, Moldova, Kazakhstan, South Korea and Japan, 25%duties will operate. For South Africa, Algeria, Libya, Iraq and Sri Lanka, according to the letters published by Trump, duties will be set at 30%, for Laos and Myanmar-40%, for Brazil-50%.
The US trade duties became one of the main topics on the cryptornka in 2025. The first part of the year, the price of Bitcoin correlated with events around the negotiation process around duties. However, since April, when Bitcoin reached a local minimum below $ 75 thousand, Trump’s statements and actions have ceased to have a tangible impact on the price of the first cryptocurrency.
In addition, experts note that bitcoin has become less sensitive to macroeconomic factors, such as inflation in the United States and a decrease in the Fed’s rate. According to Londoncryptoclub analysts, which refers to Coindesk, the US fiscal policy, the growth of global money supply and the weakening of the dollar are referred to for bitcoin and other risky assets.
“Consequently, the sensitivity to the FRS data and, as a result, is significantly reduced to inflation,” experts said.
Be in the know! Subscribe to Telegram.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
