Bitcoin Hits New All-Time High Amidst Significant U.S. Crypto Legislation

Bitcoin reached an unprecedented all-time high of $123,153.22 on July 14, 2025, reflecting a remarkable 30% increase year-to-date. This surge coincides with the U.S. House of Representatives preparing to debate major cryptocurrency legislation during the so-called "crypto week." Key proposed bills include the Genius Act, which aims to set federal regulations for stablecoins, the Clarity Act, and the Anti-CBDC Surveillance State Act.

Former President Donald Trump, self-styled as the "crypto president," has thrown his support behind regulatory reforms that favor the digital asset industry, boosting market confidence. Analysts attribute this bullish momentum to strong institutional investment, a favorable U.S. policy environment, and the growing view of Bitcoin as a long-term reserve asset.

Not only Bitcoin but also other cryptocurrencies like Ether experienced gains, reaching a five-month high of $3,059.60. XRP, Solana, and the total crypto market capitalization also increased, now standing at around $3.81 trillion. Investor interest surged particularly from Asia, alongside early signs of central bank adoption, highlighting cryptocurrency's evolving role in the global financial landscape.

Crypto-related stocks and ETFs followed this upward trend, with notable gains in companies like Coinbase, Strategy, and Mara Holdings. Additionally, Hong Kong-listed spot Bitcoin ETFs from China AMC, Harvest, and Bosera hit record highs.

For those looking to enter the market or expand their holdings in crypto, platforms like Bitlet.app offer innovative services such as Crypto Installments, allowing investors to purchase cryptocurrencies now and pay monthly, making investing more accessible.

Stay informed and embrace the future of finance with Bitlet.app, your partner in crypto investments during this exciting surge.