UBS reiterates Buy rating on Pepsico stock ahead of Q2 earnings
Bitcoin (BTC) has surged to a record high of $117,713.79, marking a stunning 5.78% gain in a single day and cementing its position as the world’s leading cryptocurrency.
This latest milestone comes at a pivotal moment for the digital asset industry, as the United States prepares for what’s being called “Crypto Week” in Washington. The surge reflects growing optimism about regulatory clarity and institutional adoption, with Bitcoin’s market capitalization now exceeding $2.34 trillion.
This unprecedented rally has lifted the entire cryptocurrency sector, with major crypto stocks and altcoins experiencing significant gains alongside Bitcoin’s historic achievement.
Bitcoin Hits ATH as US Turns Crypto-Friendly
The cryptocurrency market is experiencing a seismic shift as the United States moves toward a more crypto-friendly regulatory environment. Starting July 14, the House of Representatives will debate three major crypto bills during “Crypto Week” – the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act.
This represents a sharp reversal from the previously hostile regulatory environment that once threatened to drive crypto companies offshore. The legislative engagement signals a thawing of the industry’s strained relationship with Washington, creating unprecedented optimism among investors and market participants.
Industry experts are calling this a watershed moment for cryptocurrency adoption in the United States. Jag Kooner, head of derivatives at crypto exchange Bitfinex, noted that “capital that was previously sidelined due to regulatory uncertainty” is expected to re-enter the market.
Even if the final passage of these bills stalls, the optics of legislative engagement are proving bullish for the entire sector. This regulatory momentum has created a perfect storm of positive sentiment, driving institutional and retail investors to position themselves ahead of potential policy victories.
The broader implications extend beyond just regulatory clarity, as crypto becomes increasingly embedded in the traditional financial system. Major crypto stocks have rallied alongside Bitcoin, with MicroStrategy rising 2.2% and crypto miners like Riot Platforms (NASDAQ:RIOT), Hut 8, and Mara Holdings gaining between 1.8% and 2.5%. This coordinated movement across crypto-related equities demonstrates the market’s confidence in the sector’s long-term prospects under a more favorable regulatory regime.
Bitcoin Price Hits New All-Time High
Bitcoin’s latest surge to $117,713.79 represents a remarkable 5.78% gain in a single trading session, with the cryptocurrency adding $6,427.46 to its value. The digital asset has demonstrated exceptional momentum throughout 2025, gaining nearly 26% year-to-date and an impressive 41% over the past three months.
Trading volume has been robust, with over $121 billion in 24-hour volume across 12,253 active markets, indicating strong institutional and retail participation. The cryptocurrency’s 52-week range now spans from $49,121.24 to $118,780.89, showcasing the dramatic price appreciation over the past year.
Market analysts are drawing comparisons between Bitcoin and traditional safe-haven assets, with some positioning the cryptocurrency as “digital gold.” However, experts like Dirk Willer from Citi caution that this moniker may be premature, warning that the regulatory backdrop and attention may be creating hype that outpaces reality. The cryptocurrency’s circulating supply of 19.89 million coins, approaching the maximum supply limit of 21 million, continues to support the scarcity narrative that drives long-term value appreciation.
Despite the overwhelming bullish sentiment, some analysts are urging caution amid the euphoria. Simon Peters, crypto analyst at eToro, acknowledged the optimism while noting that “the risk of a fall in price or short-term pullback still exists.”
Critics, including Democratic Senator Elizabeth Warren, have raised concerns about potential conflicts of interest and warned against giving the crypto industry too much regulatory leeway. Nevertheless, the convergence of regulatory clarity, institutional adoption, and technical momentum has created a powerful catalyst for Bitcoin’s historic price achievement.
***
Looking to start your trading day ahead of the curve?
Get up to speed before the bell with Bull Whisper—a sharp, daily premarket newsletter packed with key news, market-moving updates, and actionable insights for traders.
Start your day with an edge. Subscribe to Bull Whisper using this link.