"Bitcoin" Hits New Record High Above $120,000

The digital currency "Bitcoin" achieved a new historic level during trading on Monday, July 14, surpassing the $120,000 mark thanks to strong investment flows into associated Exchange-Traded Funds (ETFs). According to "Coin Metrics" data, the price of the cryptocurrency reached $121,295.32, marking one of its highest levels ever.

This surge comes amidst an unprecedented buying wave, with "Bitcoin" ETFs recording their highest daily inflow in 2025 last Thursday, totaling $1.18 billion. In this context, Jeff Mai, Chief Operating Officer at the "BTSE" platform, commented to "CNBC": "We believe that the rise of Bitcoin is being driven by long-term purchases from institutional investors, which will push the price to $125,000 in the next month or two."

Mai added, speaking about potential challenges: "Trade disputes involving President Trump with the European Union, Mexico, and other trading partners may cause some setbacks this week, but institutional investors in Bitcoin are likely to downplay this risk and continue to bet on its long-term rise."

This strong performance coincides with legislative movements in the United States, where the U.S. House of Representatives is preparing to discuss new laws to regulate digital assets, a move considered a victory for the crypto sector that has called for a clear regulatory framework. This direction is directly supported by President Donald Trump, known for his support of digital currencies and involvement in related projects.

Investors' expectations indicate that "Bitcoin" is likely to continue registering record levels during the current year, especially with the increasing investments from major companies and the Congress nearing the approval of regulatory legislation for cryptocurrencies.