Bitcoin Price Hits a New ATH of $122,540, Rally To $150K Imminent?
The post Bitcoin Price Hits a New ATH of $122,540, Rally To $150K Imminent? appeared on BitcoinEthereumNews.com. Key Insights: Bitcoin price hits $122,400, gaining over $15K since early July. U.S. “Crypto Week” begins with bills on stablecoins, CBDCs, and clarity. Bitcoin’s market cap tops $2.4T, surpassing Amazon amid dollar decline. Bitcoin price surged past $122,000 in early Asia trading on July 14, marking a fresh all-time high. The digital asset crossed $122,400. The sharp upward move extended Bitcoin’s ongoing rally, raising market questions about a possible run toward $150,000. The surge comes ahead of the United States’ designated “Crypto Week,” which could bring major legislative updates. It also follows increased attention on fiscal policy, weakening dollar performance, and macroeconomic instability. As a result, Bitcoin has added over $15,000 since early July, continuing its steep climb with no signs of reversal. Bitcoin New All-Time High and Market Drivers Bitcoin reached $122,400 on Coinbase on July 14, gaining nearly 3.5% within 24 hours. This latest milestone followed a previous record of $118,000 on July 11, which initiated a breakout into price discovery. The momentum has carried into the new trading week, with traders observing stronger volumes and tighter spreads. CryptoQuant and TradingView show a continued inflow into spot exchanges and ETF markets. According to market analyst Willy Woo, “Breaking new highs was liquidation driven. This is now flipping bullish.” He added that more price expansion may follow due to renewed investor activity. Bitcoin Price Analysis | Source: The Kobeissi Letter, X The price rise also comes alongside a steep decline in the U.S. Dollar Index (DXY), which has fallen 11% over the past six months. Analysts, including The Kobeissi Letter, pointed to July 1 and April 9 as key divergence points between Bitcoin and DXY performance. The July 1 date aligns with the passage of President Trump’s stimulus-heavy spending package, known as the “Big Beautiful Bill.” Crypto Week Begins…
The post Bitcoin Price Hits a New ATH of $122,540, Rally To $150K Imminent? appeared on BitcoinEthereumNews.com.
Key Insights: Bitcoin price hits $122,400, gaining over $15K since early July. U.S. “Crypto Week” begins with bills on stablecoins, CBDCs, and clarity. Bitcoin’s market cap tops $2.4T, surpassing Amazon amid dollar decline. Bitcoin price surged past $122,000 in early Asia trading on July 14, marking a fresh all-time high. The digital asset crossed $122,400. The sharp upward move extended Bitcoin’s ongoing rally, raising market questions about a possible run toward $150,000. The surge comes ahead of the United States’ designated “Crypto Week,” which could bring major legislative updates. It also follows increased attention on fiscal policy, weakening dollar performance, and macroeconomic instability. As a result, Bitcoin has added over $15,000 since early July, continuing its steep climb with no signs of reversal. Bitcoin New All-Time High and Market Drivers Bitcoin reached $122,400 on Coinbase on July 14, gaining nearly 3.5% within 24 hours. This latest milestone followed a previous record of $118,000 on July 11, which initiated a breakout into price discovery. The momentum has carried into the new trading week, with traders observing stronger volumes and tighter spreads. CryptoQuant and TradingView show a continued inflow into spot exchanges and ETF markets. According to market analyst Willy Woo, “Breaking new highs was liquidation driven. This is now flipping bullish.” He added that more price expansion may follow due to renewed investor activity. Bitcoin Price Analysis | Source: The Kobeissi Letter, X The price rise also comes alongside a steep decline in the U.S. Dollar Index (DXY), which has fallen 11% over the past six months. Analysts, including The Kobeissi Letter, pointed to July 1 and April 9 as key divergence points between Bitcoin and DXY performance. The July 1 date aligns with the passage of President Trump’s stimulus-heavy spending package, known as the “Big Beautiful Bill.” Crypto Week Begins…
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