Bitcoin Hits New All-Time High Above $122,800 as Crypto Markets Gain Momentum

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Bitcoin Hits New All-Time High Above $122,800 as Crypto Markets Gain Momentum – Crypto News

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5 hours ago

July 14, 2025

Dripp

Spot Bitcoin ETFs record over $1 billion in inflows amid growing integration of crypto and traditional assets.

Bitcoin (BTC) set another all-time high on Monday, July 14, climbing past multiple price milestones to break above $122,800 early this morning, as major digital assets continued their climb.

BTC 24-hour price chart. Source: CoinGecko

“Bitcoin has yet again broken new ground, hitting another all-time high of $122,000 after reaching multiple new highs over the weekend,” said Mena Theodorou, co-founder of crypto exchange Coinstash. “We’re no longer in a speculative phase. What we’re witnessing is structural capital rotation.”

Theodorou explained that institutional demand remained the primary driver of Bitcoin’s rally. “That’s a promising way to kick-off ‘Crypto Week’ in the US, and provides an ideal backdrop given a series of bills that will formalise cryptocurrency usage in America are set to be discussed in congress over the coming days,” Theodorou said, referring to the U.S. House of Representatives’ plan to vote on three key crypto bills this week.

Top-10 Cryptos

Since then, BTC has retraced to just below $120,000, up just 1% over the past 24 hours, but nearly 12% over the week. Ethereum (ETH) is also mostly flat on the day at around $3,028 – crossing the $3,000 mark on Friday for the first time since February. While gaining momentum, ETH is still trading well below its all-time high of $4,878 set in November 2021.

Meanwhile, XRP surged 5% over the past 24 hours to break $3, marking a four-month high, but has retraced slightly. XRP is still the top-gainer on the weekly time-frame among the top-10 large-cap crypto assets, up over 25% on the week.

the-defiant — XRP 7-day price chart. Source: CoinGecko

Solana (SOL) posted more modest gains, rising 1% to trade at $164, but is up nearly 9% on the week.

Despite gains among major cryptocurrencies, the total crypto market capitalization fell 2.7% to about $3.8 trillion, according to CoinGecko. Meanwhile, total crypto trading volume reached $208 billion over the past 24 hours.

Liquidations and ETFs

Meanwhile, more than $772 million in crypto liquidations were recorded over the past 24 hours, according to CoinGlass, including approximately $206 million in long positions and $566 million in shorts. Bitcoin accounted for the largest share at $480 million, followed by Ethereum (ETH) with nearly $96 million.

U.S. spot BTC ETFs pulled in over $1 billion on Friday, July 11, according to SoSoValue. The previous trading day, July 10, also saw over $1 billion in inflows to BTC ETFs, just below the daily record $1.38 billion set on November 7, 2024. Cumulative inflows for these ETFs have now reached $52 billion.

Spot ETH ETFs brought in $204 million on July 11. Both products have now recorded net inflows for seven days in a row.

According to Will K., CEO of VOOI, this momentum reflects a broader shift in how crypto is traded.

“Bitcoin hitting new all-time highs reflects something we’re seeing across all asset classes: the lines between crypto and traditional markets are blurring faster than ever,” Will said, continuing:

“Institutional and sophisticated retail traders are no longer thinking in silos; they’re hedging Bitcoin with gold, shorting indices, and managing forex exposure all within the same strategies.”

He added that what’s interesting isn’t just Bitcoin’s price action but how it’s increasingly traded alongside traditional assets, like stocks and commodities, as part of unified portfolio strategies.

“This cross-asset approach is becoming the norm, not the exception, and it’s redefining how we think about market access, execution, and what a ‘trading platform’ should look like,” Will explained.

The Fed and CPI

Looking ahead this week, everyone is watching the Federal Reserve and the Core Consumer Price Index (CPI) report coming out tomorrow, July 15. With worries about inflation and global tariffs, the market might get more volatile. This report will give important clues about what’s next, experts say.

There are also rumors that Federal Reserve Chair Jerome Powell might resign, adding to the market’s uncertainty. If Powell steps down, it would come after months of calls for his resignation from President Donald Trump.

William J. Pulte, Chairman of the Board of Fannie Mae and Freddie Mac, weighed in on Friday, saying: “I’m encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom.”