Bitcoin surged to an all-time high of over $121,000 during Monday’s Asian trading session, driven by growing confidence in rising institutional interest and in anticipation of the upcoming “Crypto Week” in Washington.
🚨 Happening Now: The price of Bitcoin has touched $120k, marking a new all-time high!💥 Are we going to see $200k this year? What are your thoughts? pic.twitter.com/HIsrB8iI9k
— Bitcoin.com News (@BTCTN) July 14, 2025
— Bitcoin.com News (@BTCTN) The recent upswing followed an announcement by Metaplanet—a Japanese hospitality firm that has pivoted into a major Bitcoin investor—revealing the purchase of an additional 797 BTC. This latest acquisition brings the company’s total Bitcoin stash to 16,352 coins, securing its position as the fifth-largest corporate Bitcoin holder globally.
Bitcoin’s recent surge has been fueled by strong institutional investment, with BlackRock’s spot Bitcoin exchange-traded fund (ETF), IBIT, playing a key role. On Thursday, IBIT reached a new peak with $83 billion in assets under management (AUM). Remarkably, the fund has tripled its AUM in just around 200 trading sessions—a feat that took the gold ETF, GLD, more than 15 years to achieve.
Despite $BTC surge, futures positioning is almost a coin-flip:
— Bitcoin.com News (@BTCTN) July 14, 2025
• 24h long volume: $32.2 B (+72 %)
• 24h short volume: $31.5 B (+61 %)
• Long/short split ≈ 51 / 49 %
Traders are piling in on both sides – expect volatility. pic.twitter.com/AMyO3nzV60
IBIT now holds more than 700,000 BTC, outpacing the holdings of Strategy by close to 100,000 coins.
The surge was driven by escalating geopolitical tensions after U.S. President Donald Trump reignited his hardline trade stance—imposing a 50% tariff on all copper imports and introducing similar trade penalties on Brazil, further straining relations with President Lula.
🗓️ Week in Review 🗓️
— Bitcoin.com News (@BTCTN) July 14, 2025
– Bitcoin hits $118K, liquidating $1B+ in shorts
– $1.3M lost in SIM-swap scam sparks lawsuit
– Bybit slaps Indian traders with 18% GST
– Bitmine stock explodes 700% after Tom Lee joins
– BTC & ETH ETFs see record inflows
The digital asset market has seen a notable upswing, fueled by the Trump administration’s pro-crypto approach, which has encouraged a wave of fresh investment into the sector. In a recent example, Trump Media & Technology Group—a company affiliated with the president’s family—is reportedly preparing to launch a cryptocurrency-focused exchange-traded fund (ETF). According to a filing submitted to the U.S. Securities and Exchange Commission last week, the proposed ETF would include investments in a variety of digital currencies, including Bitcoin, Ether, Solana, and Ripple.
