The New York Times
Bitcoin Price Soars Past $120,000 at Outset of House’s ‘Crypto Week’
Mon, 14 Jul 2025 16:32:21 GMT
Andrew here. There’s a lot going on, starting with Bitcoin. Its price has jumped to a record, topping $120,000 per coin. We explain what’s going on.
We’re also looking at what increasingly looks like a game of chicken over tariffs as President Trump has declared new levels on Mexico and the E.U. if a deal isn’t struck by Aug 1. And earnings season takes off this week. We’ve got a rundown of what to look for as the numbers roll in.
Bitcoin bulls
Bitcoin’s march to new heights is going strong: It is trading above $122,000 on Monday, having more than doubled year on year. (Among other things, that’s made Satoshi Nakamoto, the token’s pseudonymous creator, one of the wealthiest people on the planet.)
The steep rise of Bitcoin, the biggest cryptocurrency around, is further testament to the industry’s good fortunes in the Trump era. That could continue as the House — where leading Republicans have nicknamed this week “crypto week” — is set to take up legislation aimed at making America a haven for digital currency.
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