Bitcoin has reached a new all-time high, crossing the $119,000 mark on Friday and settling at $118,780. This major price jump comes right before the much-anticipated “Crypto Week” in the US, where lawmakers will discuss key bills that could reshape the future of cryptocurrency regulations.
The surge in Bitcoin also follows a dip in the stock market caused by President Donald Trump’s tariff threats to over 20 countries. This tension in traditional markets is pushing investors towards digital assets like Bitcoin and Ether, which also rose above $3,000 — its highest since February.
What’s driving this crypto bull run?
The main reason is the upcoming policy changes. Three big cryptocurrency bills are being considered in the US Congress:
- GENIUS Act – This bill would let private companies issue their own stablecoins. Trump has openly supported this on social media. It’s already passed the Senate and is now waiting for approval in the House of Representatives.
- Digital Asset Market Clarity Act – Aims to create clear rules for crypto markets and companies.
- CBDC Anti-Surveillance State Act – Would stop the Federal Reserve from launching its own digital currency (CBDC), seen by many as a government control tool.
These bills signal a big shift in how the US may handle cryptocurrency — from harsh restrictions to clearer, more favorable regulations.
Crypto experts believe this change is bringing back investor confidence. Jag Kooner from Bitfinex said that just the fact that lawmakers are discussing crypto laws is a “bullish” sign, even if the bills aren’t passed right away. The market expects sidelined capital to return, now that regulations are becoming clearer.
Option traders are also very confident. Many are now betting that Bitcoin could soon cross $150,000, as momentum builds and fear of missing out (FOMO) grows.
In short, Bitcoin’s record-breaking rise is not just about price—it’s about a potential shift in how the world’s biggest economy views crypto.
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