Bitcoin Soars to New Record High Ahead of US House’s ‘Crypto Week’
Bitcoin, the world’s most popular cryptocurrency, surged to an unprecedented all-time high, trading at over $118,000 (€100,000) on Friday, July 11, 2025. The milestone reflects heightened interest from institutional investors and comes at a critical time, just days before the US House of Representatives prepares to kick off its first-ever “Crypto Week.”
The recent rally in Bitcoin’s value follows a buoyant trading session on US stock markets the previous day, highlighted by the tech-heavy Nasdaq index reaching a record valuation. This bullish sentiment spilled over into the wider risk asset market, with investors showing renewed appetite for technology sector investments. Notably, Nvidia—one of the leading technology companies—recently achieved a staggering market capitalization of $4 trillion, signaling strong confidence in tech-driven growth.
Market analysts attribute Bitcoin’s surge to this positive momentum across risk assets coupled with anticipation surrounding imminent regulatory developments in the United States. Starting July 14, the US House will dedicate a “Crypto Week” to debating comprehensive legislation aimed at establishing a clearer regulatory framework for the cryptocurrency industry. These discussions could have far-reaching impacts, shaping how digital assets are governed in one of the world’s largest economies.
Year-to-date, Bitcoin has appreciated by more than 20% against the US dollar, underscoring its resilience and appeal amid evolving market dynamics. The cryptocurrency’s newfound highs not only reflect its growing acceptance among institutional investors but also highlight the intertwining of innovative finance with technological advancements.
As lawmakers prepare to deliberate on pivotal bills, market participants around the world will be closely monitoring developments that could influence Bitcoin’s trajectory and the broader future of digital currencies.
By Doloresz Katanich with AP
Published on July 11, 2025
Euronews Business & Markets