The Breakdown Bitcoin Breaks $120K as Crypto Week Kicks Off in Washington
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Jul 15, 2025 Bitcoin has officially surpassed $120,000, igniting excitement across both crypto enthusiasts and traditional finance circles. Institutional investors are showing increased urgency, with record ETF inflows signaling a shift. Meanwhile, Washington is ramping up its legislative efforts around crypto, particularly focusing on stablecoins. The tensions between regulatory bodies and crypto firms, like Grayscale’s legal battles with the SEC, add to the drama of this pivotal week in Bitcoin's journey.
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Bitcoin Breaks $120K with Momentum
- Bitcoin has broken above $120,000 with strong momentum and institutional interest.
- This breakout defies assumptions that interest has waned, signaling a major cycle event.
Record ETF Inflows Fuel Bitcoin
- Spot Bitcoin ETFs are experiencing record inflows, attracting billions weekly.
- Bitcoin ETFs have become the fastest product to reach $80 billion in assets, outpacing Vanguard's S&P 500 fund.
Institutional and ETF Demand Soars
- Michael Saylor's MicroStrategy continues aggressive Bitcoin buying, outpacing ETFs for quarters.
- Ethereum ETFs are seeing strong inflows, with traders profiting from ETH futures basis trades.