Crypto Market Recap: Bitcoin Hits Record as Congress Opens Debate on Regulatory Framework

Here's a quick recap of the crypto landscape for Monday (July 14) as of 9:00 a.m. UTC.Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news. ​Bitcoin and Ethereum price update Bitcoin (BTC) is priced at US$122,603 up by 2.8 percent in the last 24 hours. The day's range for the cryptocurrency brought a low of US$118,438 and a high of US$122,838. Chart via TradingViewBitcoin price performance, July 14, 2025.Bitcoin continued to ride tailwinds into a fresh trading week moving above US$123,000 briefly. Strong institutional demand and over US$2.7 billion in spot ETF inflows have added support allowing Bitcoin to hold in the US$119,000 level.Ethereum (ETH) is priced at US$3,038.26, up by 2.3 percent over the past 24 hours. Its lowest valuation on Monday was US$2,955.37 and its highest was US$3,074.13. Altcoin price update Solana (SOL) was priced at US$167.25, up by 3.2 percent over 24 hours. Its lowest valuation on Monday was US$160.06, and its highest was US$167.92. XRP was trading for US$2.89, up 6.3 percent in the past 24 hours. The cryptocurrency's lowest valuation was US$2.79 as the markets opened, and its highest was US$3.00. Sui (SUI) is trading at US$3.91, up by 14.6 percent over the past 24 hours. Its lowest valuation was US$3.44, and its highest was US$3.99.Cardano (ADA) is priced at US$0.7554, up by 2.0 percent in the last 24 hours. Its lowest valuation on Friday was US$0.731, and its highest was US$0.7659. ​Today's crypto news to know Bitcoin hits record US$123,000 as Congress kicks off Crypto WeekBitcoin surged to a new all-time high of US$123,153.22 on Monday (July 14), driven by investor optimism ahead of major US congressional debates on crypto regulation. The House of Representatives is set to consider three pivotal bills this week: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. These proposals aim to create a federal framework for stablecoins, clarify regulatory jurisdiction between the SEC and CFTC, and ban the Federal Reserve from issuing a central bank digital currency. The rally was bolstered by President Donald Trump’s continued support for the crypto sector, as he declared himself the “crypto president” during his campaign and urged a friendlier regulatory approach. Market analysts pointed to strong institutional inflows and broader participation from family offices in Asia. Ethereum followed suit, climbing past US$3,000, while Solana and XRP each rose by approximately 3 percent. The global crypto market cap now stands at US$3.81 trillion. Analysts say this could mark a structural shift, with bitcoin increasingly viewed as a reserve asset by both institutions and some central banks.Stocks tied to crypto companies are soaring in tandem: Coinbase and Robinhood hit new highs, while Circle stock has risen over 500 percent since its IPO.Institutional demand pushes Bitcoin ETF inflows to record levelsSpot Bitcoin ETFs saw a wave of institutional capital last week, with more than US $1 billion flowing in on Thursday alone. BlackRock’s IBIT fund led the surge, becoming the fastest ETF to surpass US $80 billion in assets. The inflows helped propel Bitcoin above US $120,000, reinforcing its position amid growing mainstream adoption and policy momentum. Since the start of 2025, Bitcoin spot ETFs have attracted a staggering US $22.7 billion in cumulative inflows, the vast majority of which was captured by US-listed funds.Bhutan sells US$59 Million in Bitcoin but retains US$1.4 Billion in holdingsBhutan has sold over US$59 million worth of bitcoin in recent days, taking advantage of the cryptocurrency’s historic run past US$123,000. According to blockchain analytics platform Lookonchain, the country offloaded 512.84 BTC in the past four days. Even after the sale, Bhutan still holds over 11,400 BTC, now valued at more than US$1.4 billion. The sales are coordinated by Druk Holding & Investments, the country’s sovereign wealth fund, which operates a clean-energy mining program powered by hydropower. Unlike Germany, which liquidated seized crypto, Bhutan actively mines and times its sales to coincide with price peaks. Officials have emphasized the environmental sustainability of their operations in line with national policy goals. Don't forget to follow us @INN_Technology for real-time news updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.