I joined @GuyAdami to discuss institutional Bitcoin adoption, the rise of BTC Treasury Companies, and the digital transformation of capital markets. pic.twitter.com/1iqSs7XDsw
— Michael Saylor (@saylor) July 16, 2025
Bitcoin surged to a new all-time high on Friday, breaking above $118,000 amid a wave of bullish momentum across risk assets. The rise coincides with gains in tech stocks, underlined by AI giant Nvidia’s performance. “Historically, Bitcoin has remained highly correlated with tech stocks, and this correlation is still playing out,” said Nic Puckrin, crypto analyst and founder of the Coin Bureau.
Over the past two months, Bitcoin traded within a tight $10,000 range.
The OCC, Fed, and FDIC reaffirm that banks may offer custody and safekeeping of crypto-assets—such as Bitcoin—under existing risk management expectations.https://t.co/vSKE7HQDID
— Michael Saylor (@saylor) July 14, 2025
“At the heart of this rally lies sustained structural inflows from institutional players,” wrote Dilin Wu, research strategist at Pepperstone. “Corporates are also ramping up participation.”
Companies like Strategy and GameStop have continued to add Bitcoin to their balance sheets.
‘Bitcoin is a safe haven, just with higher Beta’ – Bitfinex Alpha @btctnhttps://t.co/YE70QFpzm7
— Bitfinex (@bitfinex) July 15, 2025
House considers landmark crypto legislation
The Trump administration has also introduced crypto-friendly policies, contributing to Bitcoin’s 21% year-to-date rise.
BTC holds above the cloud as Alt season momentum builds: (Kitco Commentary) – Bitcoin cooled off slightly yesterday, dipping to $116k, yet it continues to look strong as long as it holds above the daily TBO Cloud and the Slow line keeps curling upward. https://t.co/CnsTPTqcdR pic.twitter.com/YwoqUpUSSS
— Kitco NEWS (@KitcoNewsNOW) July 16, 2025
Trump Media & Technology Group is awaiting approval to launch a “Crypto Blue Chip ETF,” which would include about 70% of its holdings in Bitcoin.
The timing of Bitcoin’s breakout also comes days before Congress kicks off its highly anticipated “Crypto Week” on July 14. Lawmakers will debate a series of bills that could define the industry’s regulatory framework. “A favorable outcome could accelerate institutional inflows, reinforcing Bitcoin’s role as a macro asset and strengthening confidence in compliant crypto platforms,” said Jesse Jarvis, CEO of Kaiko AI.
One of the most significant regulations up for consideration is the GENIUS Act, which recently passed through the Senate and proposes a federal framework for cryptocurrency. Shares of Circle, the issuer of stablecoin USDC, were up roughly 2% on Thursday, while trading platforms Robinhood and Coinbase also saw gains during Thursday’s session.