AssetID: 54919998
Headline: UNCAPTIONED: Bitcoin Surpasses $120,000 Amid Regulatory Discussions and Institutional Demand
Caption: Bitcoin reached an all-time high of $122,571 on Monday, crossing the $120,000 mark for the first time in history. The cryptocurrency later pulled back slightly, trading at $121,953, still up 2.4% from the previous session. The surge in Bitcoin’s value coincided with ongoing discussions in the US House of Representatives regarding digital asset regulation. Bitcoin’s rally is fueled by strong institutional demand and support from US President Donald Trump, who advocates for pro-crypto policies. Analysts predict Bitcoin could easily surpass $125,000, citing continued bullish momentum and policy developments. The broader cryptocurrency market also saw significant gains, with Ether reaching a five-month high of $3,059.60. XRP and Solana also posted gains of about 3%, contributing to a market value surge of $3.81 trillion for the sector. Bitcoin is increasingly seen as a long-term reserve asset by not just retail investors, but also institutions and central banks. Asian investors, including family offices and wealth managers, are actively participating in Bitcoin's rise, signaling its growing role in global finance. The US Congress is set to vote on major bills like the Genius Act, which would establish federal rules for stablecoins, during “crypto week” in mid-July. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Bitcoin,cryptocurrency,$120,000,US House of Representatives,regulatory framework,Trump,institutional demand,Ether,XRP,Solana,market value,stablecoins,Genius Act,global financial system,crypto rally,reserve asset,digital assets,cryptocurrency regulation,blockchain,crypto market,financial system,crypto investments,Bitcoin price,cryptocurrency news,Ethereum,financial legislation
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