Bitcoin Shatters Records: Briefly Surpasses $120,000 for the First Time

Metaverse Planet July 14, 2025Last Updated: July 14, 2025

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Bitcoin, the world’s largest cryptocurrency by market capitalization, has briefly surged past $120,000, marking a new all-time high.

Following the re-election of Donald Trump for his second term as President of the United States, Bitcoin had shown a rapid ascent, fluctuating around the $100,000 mark for several months. Prior to Trump’s inauguration, it had already reached a record high, exceeding $109,000.

Initial concerns regarding Trump’s policies had somewhat dampened optimism surrounding his administration’s perceived crypto-friendly agenda. However, as other risky assets, including stocks, also approach new record highs, Bitcoin has continued its upward trajectory.

Understanding Bitcoin’s Recent Surge

This latest rally to over $120,000 can be attributed to several factors beyond just the general market optimism. The halving event that occurred in May 2024 significantly reduced the supply of new Bitcoin entering the market, historically leading to price increases due to scarcity. Furthermore, the increasing adoption of Bitcoin Exchange-Traded Funds (ETFs) in various markets, particularly in the US, has opened up new avenues for institutional and retail investors to gain exposure to the cryptocurrency without directly holding it. This increased accessibility has driven significant capital inflows.

The broader sentiment in the financial markets, where investors are increasingly seeking alternative assets and inflation hedges, also plays a crucial role. Bitcoin, often dubbed “digital gold,” is seen by many as a store of value that can protect against economic uncertainties and traditional currency debasement. As global economic conditions remain dynamic, this narrative continues to strengthen Bitcoin’s appeal.

What are your thoughts on Bitcoin’s continued ascent, and do you believe it can maintain this momentum?