Bitcoin soared to a new all-time high of $122,205 in the early hours of July 14, defying geopolitical tensions spurred by Donald Trump’s renewed tariff threats on the EU and Mexico. The latest price milestone caps a week of sustained gains for the flagship cryptocurrency, driven by strong on-chain metrics and rising institutional confidence.
The digital asset has now closed above $100,000 for 62 consecutive days, underscoring a dramatic shift in market resilience and investor sentiment. Since first breaching six figures on May 8, Bitcoin’s price stability has reinforced the perception of BTC as a maturing store of value.
Spot Bitcoin ETFs from giants like BlackRock and Fidelity continue to attract significant inflows, amplifying demand from traditional finance. Simultaneously, the weakening U.S. dollar, with the Dollar Index now more than six points below its 200-day moving average, has added fuel to Bitcoin’s momentum.
Legislative developments in the U.S. have further strengthened the bullish case, with the Senate passing a stablecoin regulation bill and renewed calls for a Strategic Bitcoin Reserve. Optimism is also building around “Crypto Week,” which investors see as a regulatory turning point for the broader crypto market.
