🚀 Bitcoin Smashes Records: Soars Past $122K Amid Surging Crypto Momentum
Bitcoin just rewrote the playbook—again. The king of crypto blasted through $122,000 like Wall Street analysts blast through excuses when their altcoin picks tank.
### The Bull Run Nobody Saw Coming
While traditional markets nap in their risk-hedged hammocks, digital gold is mooning. Retail FOMO meets institutional greed—and the rocket fuel isn’t even half spent.
### Why This ATH Hits Different
No ETF hype. No Elon tweets. Just pure, unfiltered adoption crushing skeptics under its heel. Even your uncle who ‘missed out in 2020’ is now mortgaging his toolshed.
### The Cynic’s Corner
Meanwhile, goldbugs and central bankers clutch their pearls—right before quietly reallocating 1% of their portfolio ‘for research purposes.’
Buckle up. The week’s just getting started.
Over $276M Liquidated as Bitcoin Rally Catches Shorts Off Guard
The latest surge sent shockwaves across the crypto market. According to CoinGlass data, more than $276m in Leveraged positions were liquidated in the last 24 hours alone.
Of that, $183m came from short traders caught off guard by Bitcoin’s sharp climb. Liquidations in Bitcoin totaled $83.85m, followed by $49.54m in Ethereum. Several altcoins, including XRP, XLM and Solana, also faced heavy liquidations as price swings intensified across the market.
In the past day, nearly 100,000 traders were wiped out, with the largest single liquidation order taking place on Bybit for the BTC-USDT pair, worth $2.86m. Overall, short sellers bore the brunt, with more than 91% of all liquidated positions skewed to the downside.
Markets Watch Closely as US Debates Crypto Regulation at Pivotal Moment
Investor Optimism has grown in anticipation of Crypto Week, set to begin July 14. Lawmakers in the US House of Representatives will review three major crypto bills — the CLARITY Act, the GENIUS Act and the Anti-CBDC Surveillance State Act. The outcome could reshape the legal foundation of digital assets in the world’s largest economy.
Bitcoin Economic Calendar for the week of July 14th ("Crypto Week"):
Monday: Start of the Tornado Cash Trial, U.S. House of Representatives meetings to review the "Anti-CBDC Surveillance State" Act, the "Digital Asset Market Clarity" Act of 2025, and the "GENIUS" Act
Tuesday:… pic.twitter.com/SARipkbi80
Lawmakers on both sides of the aisle, along with the Trump administration, are backing the push for clearer crypto rules. If the bills pass, they could reshape how digital assets are regulated in the US, with Ripple effects on markets, big investors and the country’s role in global finance.
Despite some lawmakers pushing back through an “Anti-Crypto Corruption Week” campaign, broader sentiment remains bullish.
Rising ETF Interest and Policy Clarity Spark Talk of a New Crypto Cycle
The total crypto market capitalization now stands at $3.86 trillion, supported by ETF inflows and Ethereum’s move back above $3,000. Altcoins like ADA and XRP have also shown strength, lifting market confidence.
Meanwhile, decentralized finance is gaining fresh momentum. Last week, the total value locked across DeFi protocols jumped by more than $20b. As a result, the sector’s TVL now stands at roughly $176b. This surge reflects growing trust in on-chain financial solutions.
Traders are now watching key macro and political developments. Bitcoin’s resilience in the face of new US tariffs has surprised many analysts, who point to a maturing market.
With ETF demand rising and legislative clarity in sight, some believe this breakout may mark the start of a longer-term uptrend.
