Bitcoin sets a new all-time high at $122,890, fueled by U.S. policy moves and Donald Trump's vocal support. Crypto market capitalization reaches $3.78 trillion.
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| Bitcoin surges to a record high of $122,890 on July 14 in the Asian market, supported by Trump’s crypto stance and U.S. digital asset legislation. Image: CH |
Hong Kong, China – July 17, 2025:
Bitcoin Hits Historic High of $122,890 Amid U.S. Policy Shifts and Trump’s Endorsement
Hong Kong, China – July 17, 2025: Bitcoin, the world’s leading cryptocurrency, has shattered its previous records by reaching an all-time high of $122,890 in the Asian markets on the morning of July 14. The surge marks a 29% increase since the beginning of 2025, reflecting the digital asset’s strong momentum amid shifting political and regulatory landscapes.
Analysts credit the bullish trend to favorable developments in the United States, where lawmakers have begun discussions on key crypto legislation — the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance Act. These bills are expected to form the foundation of a full-fledged legal structure for the digital asset ecosystem.
Adding to the momentum is the renewed support from former U.S. President Donald Trump, who has openly advocated for crypto-friendly policies. “Bitcoin is now in the midst of a positive storm due to institutional demand, expectations for future profits, and Trump’s support,” said Tony Sycamo, analyst at IG Markets. He predicts that the $125,000 milestone is likely just around the corner.
The bullish wave has also lifted other major cryptocurrencies. Tokens like Ether, Ripple, and Solana recorded gains of 2–3%, pushing the total crypto market capitalization to an estimated $3.78 trillion. Meanwhile, spot Bitcoin and Ether ETFs in Hong Kong are also trading at record highs, signaling strong global investor confidence.
As the world enters what many are calling "Crypto Week," attention is sharply focused on digital assets, marking the potential beginning of a new era in global finance and technology.