The $120K Breakthrough: Crypto's Congressional Victory Lap

🚀 This Week's Headlines

Bitcoin Shatters All Records, Crosses $120,000 for First Time

History was made this week as Bitcoin smashed through the $120,000 barrier for the first time ever, reaching a peak of $123,205 before settling around current levels. This milestone represents more than just another number—it's validation of the massive institutional shift we've been tracking.

What's driving this surge?

• Record ETF inflows: Bitcoin ETFs logged their biggest day of 2025 with $1.18 billion in inflows on Thursday alone

• Institutional dominance: Corporate and institutional investors have poured $15 billion into Bitcoin ETFs over the past 6-8 weeks

• Legislative momentum: "Crypto Week" in Congress is creating unprecedented regulatory optimism

Pro tip: With Bitcoin hitting new highs, now's a great time to check current crypto prices and compare rates across exchanges to maximize your trading efficiency.

🏛️ Historic "Crypto Week" Transforms Washington

The U.S. House of Representatives officially designated July 14-18 as "Crypto Week"—the first time Congress has dedicated an entire week to cryptocurrency legislation. This represents a seismic shift from the hostile regulatory environment just years ago.

Three Game-Changing Bills on the Table:

1. GENIUS Act (Already passed Senate 68-30)

• Creates first federal framework for stablecoins

• Requires 1:1 dollar backing and monthly reserve disclosures

• Expected to unlock trillions in economic activity

2. CLARITY Act

• Defines which digital assets are securities vs. commodities

• Ends the regulatory turf war between SEC and CFTC

• Provides legal certainty companies have demanded for years

3. Anti-CBDC Surveillance State Act

• Prohibits Federal Reserve from issuing retail digital currency

• Protects financial privacy from government overreach

Bottom Line: If these bills pass, the U.S. officially becomes the global crypto capital, potentially triggering the next major bull run.

💰 Institutional Adoption Reaches Fever Pitch

BlackRock Makes History

In a stunning development, BlackRock's Bitcoin ETF now generates more annual revenue ($187.2M) than its flagship S&P 500 fund ($187.1M). Let that sink in—a crypto product launched just 18 months ago is outearning one of the most successful traditional funds in history.

Q2 2025 Numbers:

• BlackRock crypto ETF inflows: $14 billion (up 366% from Q1)

• Crypto products now represent 16.5% of total ETF inflows

• Total Bitcoin ETF market: Over $44 billion in net inflows since launch

Corporate Treasuries Go All-In

The corporate adoption story is accelerating:

• 46 newly public companies added 159,107 Bitcoins in Q2 2025 (+23% quarter-over-quarter)

• Japanese firm Metaplanet purchased 797 Bitcoins for $93.6 million this week alone

• Major retailers like Amazon and Walmart reportedly exploring stablecoin issuance

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⚠️ Security Alert: FBI Warns of Massive Crypto Scam Surge

The FBI issued a stark warning this week about exploding cryptocurrency fraud, with Americans losing a staggering $9.3 billion in 2024—a 66% increase from 2023.

Most Common Scams:

• Celebrity impersonators: AI-generated fake personas promising investment returns

• Romance scams: Fake relationships leading to crypto "investment" schemes

• Investment fraud: Fake platforms showing artificial gains before stealing funds

Red flags to watch:

• Unsolicited investment advice from strangers

• Promises of guaranteed returns

• Pressure to invest quickly

• Requests to send crypto to "verify" accounts

Stay safe: Always verify investment opportunities through multiple sources and never send crypto based on social media promises.

🔄 Altseason Signals Starting to Flash

While Bitcoin dominated headlines, altcoins showed serious signs of life this week:

Ethereum Breaks Out

• Surged past $3,000 for first time since February

• ETFs recorded $900 million in net inflows (July 7-11)

• Analysts targeting $3,500 next if $2,900 support holds

• Staking ETF approval expected before October 2025

Solana Momentum Building

• Three Solana ETFs pulled in $78 million over past month

• Total Value Locked jumped from $6B to $8.6B since April

• Spot Solana ETF approval odds: 99% according to prediction markets

Market Structure Shifting

• Bitcoin dominance dropped from 66% to 63.7%

• Altcoin season index at 27/100 (needs 75+ for official altseason)

• Fear & Greed Index shifted from neutral to greed

With altcoins showing strength, this could be an ideal time to explore crypto loan rates for leveraged positions or compare lending opportunities for yield generation.

🌍 Global Regulatory Roundup

🇰🇷 South Korea: Moving to reclassify crypto firms as "venture companies," providing access to government subsidies and tax incentives

🇳🇿 New Zealand: Banned crypto ATMs and imposed $5,000 caps on international transfers as part of new anti-money laundering measures

🇺🇸 United States: Leading the global charge toward comprehensive crypto regulation with Crypto Week legislation

📊 Week Ahead: Key Events to Watch

Immediate Catalysts:

• House votes on GENIUS Act (expected Thursday)

• Final Crypto Week bill outcomes

• Monthly crypto options expiry (Friday)

• Fed policy signals ahead of July 30 meeting

Technical Levels:

• Bitcoin: Support at $117,000, resistance at $125,000

• Ethereum: Critical support at $2,900, targeting $3,500

• Market watching for continuation vs. correction signals

💡 Investment Perspective

This week marked a potential paradigm shift for cryptocurrency. The convergence of:

• Record institutional adoption

• Favorable U.S. legislation

• Technical breakouts across major assets

• Corporate treasury allocations

...suggests we may be entering a new phase of the crypto cycle—one driven by institutional demand rather than retail speculation.

For investors: Consider this environment for both growth opportunities and risk management. With volatility expected to continue, having access to competitive rates for lending, borrowing, and staking becomes crucial for optimizing returns.

🎯 Bottom Line

Bitcoin's $120,000+ breakthrough isn't just a price milestone—it's validation of crypto's evolution from speculative asset to institutional-grade financial infrastructure. With Congress actively writing crypto-friendly laws and Wall Street's biggest players going all-in, we're witnessing the foundation being laid for the next major growth phase.

Stay informed, stay secure, and as always—never invest more than you can afford to lose.

Track the latest prices and opportunities at BitCompare.net

This newsletter is for informational purposes only and should not be considered financial advice. Always do your own research and consult with financial professionals before making investment decisions.