Bitcoin sky high
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 14th July 2025.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
BTC Hits New ATH Above $122K
Deluged by inflows, unfazed by tariff tension, Bitcoin nearly hit $123,000 earlier today. CoinGecko pegs the newest BTC all-time high at $122,838 reached just before dawn.
Several other major coins are aroused. We're mainly talking about XRP, up 6% in the past day versus a 3% gain for BTC. XRP briefly hit $3 just moments ago. Somewhere along the way, the coin connected with Ripple went from being fourth largest by market cap on the CoinGecko list to being No. 3 with $176B, surpassing USDT ($160B).
Bitcoin funds garnered $3.7 billion worth of assets last week as the total value of assets in all global crypto funds has reached an ATH of $211B, according to the latest CoinShares report.
Many investors assumed BTC had a shot to hit new records this year considering the regulatory climate and the acceleration of institutional fund flows as well as corporate treasury buying sprees. Still, heady times have come to a sector that in late 2022 was left for dead.
U.S. Congress seems close to passing new crypto legislation. Starting today, the U.S. House of Representatives will begin deliberating on a series of crypto bills in what has been dubbed "Crypto Week." The potential laws are aimed at giving the crypto industry regulatory clarity while also providing guardrails that protect consumers (CNBC).
What's down
Risk-On Mood Stymied
Nothing is down today. Okay, that's not quite true; we did see Pudgy Penguins (PENGU) fumble a fleetingly attained three-cent handle. At $0.028 per coin, PENGU is flat on the day. Keep in mind that it has nearly tripled in the past month, becoming the 71st-largest token.
Ah, we also just found another memecoin in the red: Official Trump (TRUMP), 64th-largest coin, fell 1% as it sought to breach $9.75.
As for President Trump's latest trade policy maneuvers — making threats of fresh batches of higher tariffs on some major trading partners — they are not exactly being shrugged off: U.S. equity futures slid early Monday.
What's next
Hottest July On Record
The Genius Act, under consideration on Capitol Hill this week, could establish federal guardrails for stablecoins. Policy clarity around stablecoins has boosted investor confidence, and that has been reflected by capital inflows.
Appearing on CNBC’s “Squawk Box” this morning, one of the industry's most vociferous bulls, money manager Anthony Pompliano, called Bitcoin the "greatest show on Wall Street," in a nod to red-hot ETFs as well as the BTC treasury strategy trend.
"Everybody wants Bitcoin," Pompliano said.
And so crypto history continues to be hammered out as we begin the third week of July. BTC has never started a new week above $120K. That it immediately tried to be $123K was almost audacious enough to induce nausea.
Some experts have asserted that U.S. deficit woes represent the biggest factor driving BTC higher. The whole situation is "anything but normal," analysts said.
Here's a notion that's entirely par for the course: July tends to be a strong month for risk assets (e.g. the S&P 500) but most of those gains happen the first half of the month, said Ryan Detrick, chief market strategist at Carson Group.
“Some consolidation at some point in the next two weeks would be perfectly normal,” he added.
