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BTC Crosses $123,000 as Favorable US Regulatory Framework is Debated

July 17, 2025 at 09:05 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Bitcoin surged past $120,000 on Monday for the first time, reaching a new all-time high and fueling optimism in the cryptocurrency world. Investors have grown increasingly confident this week as U.S. lawmakers prepare to take up key crypto legislation, a development that many in the industry have long anticipated.

Crypto-related stocks and ETFs also saw gains. Shares of Coinbase rose 1%, Strategy Inc. (NASDAQ: MSTR) gained 2.6%, and crypto mining firm Mara Holdings jumped 6.3%. Meanwhile, Bitcoin spot ETFs listed in Hong Kong reached new record highs, including those from China AMC, Bosera, and…

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