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Bitcoin Price – Trump’s Spending Bill Could Boost Bitcoin
Bitcoin Price – Bitcoin (BTC) has shattered expectations once again, soaring to a record $122,500 on Coinbase on July 14, according to TradingView data. Other platforms like CoinGecko logged slightly lower figures, with a reported high of $122,376, but the market-wide sentiment is undeniably bullish.
The latest price spike marks a 3.5% daily gain, propelling BTC into uncharted territory after breaking the $118,000 mark on July 11. The move firmly places Bitcoin in price discovery mode, with momentum fueled by multiple macroeconomic and political catalysts in the United States.
‘Crypto Week’ Heats Up in Washington
July 14 to 18 has officially been designated as “Crypto Week” by the U.S. House, and crypto markets are clearly responding. Three pivotal bills are on the docket:
- The GENIUS Act, focusing on stablecoin regulation
- The CLARITY Act, offering a structured crypto framework
- The Anti-CBDC Surveillance State Act, aimed at protecting financial privacy
Speculation is also swirling around a potential U.S. strategic Bitcoin reserve announcement, further boosting investor sentiment.
Trump’s Stimulus Bill Adds Fuel
Adding to the bullish momentum, analysts point to Donald Trump’s proposed spending plan, dubbed the “One Big Beautiful Bill”. This massive fiscal stimulus could significantly weaken the U.S. dollar, positioning Bitcoin as a hedge.
Nick Forster, founder of Derive, notes that “looser policy ahead” could be the macro driver for Bitcoin’s next leg up.
RWA and Ethereum Join the Rally
Beyond BTC, real-world asset (RWA) tokenization is leading the altcoin charge, up 13%, outperforming meme coins and AI tokens, according to CoinGecko.
Projects like Chainlink, Avalanche, Ondo Finance, and Algorand are surging. Meanwhile, Ethereum also posted gains, reaching $3,050, its highest level since February.
Bitcoin Now Bigger Than Amazon
With a staggering $2.4 trillion market cap, Bitcoin has officially surpassed Amazon, cementing its role as a dominant financial force.
Crypto analyst Willy Woo remarked that the rally is now turning “decidedly bullish,” while Anthony Pompliano emphasized Bitcoin’s role in combating currency debasement globally.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
