Bitcoin's short-term price remains volatile, following political dynamics in the United States and global geopolitical development— The price of the cryptocurrency Bitcoin reached a record high on Monday (July 14, 2025), exceeding US$120,000. This new record was driven by market optimism ahead of this week's deliberations on crypto legislation by the US legislature, as well as increased adoption of crypto by institutional investors.

Citing of Investing.com, Bitcoin, the cryptocurrency with the largest market cap in the world, reached a record high of US$122,562 in trading on Monday, or 31 percent from the start of 2025. That value is nearly Rp 2 billion.

Its market capitalization reached 2.335 trillion US dollars, making crypto the sixth-largest asset in the world after gold, NVIDIA shares, Microsoft shares, Apple shares, and Amazon shares.

Bitcoin's price movements were followed by other cryptocurrencies. Ethereum, for example, rose 1 percent. Solana also rose 2 percent.

This price increase was quickly corrected on Tuesday (July 15, 2025) to US$117,321. Its market capitalization reached US$2.335 trillion, making crypto the sixth-largest asset in the world after gold, NVIDIA shares, Microsoft shares, Apple shares, and Amazon shares.The remaining WinCash Coin crypto balance in Gatuk Indarto's digital wallet in Banten, Wednesday, December 1, 2021. The balance cannot be withdrawn from mid-2020 because the digital wallet has been inactive.

Bitcoin has surged over the past week, driven primarily by the United States Congress's official "Crypto Week" agenda, which will discuss three major bills related to digital crypto assets in the third week of July 2025.

The crypto bills in question are the Guiding and Establishing National Innovation for United States Stablecoins (Genius) Act, the Clarity Act, and the Anti-CBDC Surveillance State Act.

For retail investors and blockchain projects alike, Crypto Week is more than just a legislative event, but a historic moment that could change the landscape of the crypto industry in the long term.

"For retail investors and blockchain projects alike , Crypto Week is not just a legislative agenda, but a historic moment that could change the landscape of the crypto industry in the long term," wrote Indonesian crypto trading platform Indodax on its official website.

This year's Crypto Week marks a crucial turning point for the future of crypto, not only in the United States but also globally. Three major bills currently under discussion—the GENIUS Act, the Clarity Act, and the Anti-CBDC Act—would represent a new direction in digital asset regulation, including clear legality, a healthy space for innovation, and protection of financial freedom.Coinmarketcap

If the entire bill is passed, the global crypto market will enter a new phase with friendlier regulations. This situation will also encourage institutional investor participation and accelerate the adoption of crypto technology in everyday life. 

Bryan Armour, research director at financial firm Morningstar, was quoted by ABC News as saying that the snap decision in Congress marks the latest positive development for crypto in the US. Since US President Donald Trump won the November 2024 presidential election, the price of Bitcoin has surged nearly 80 percent.

The rise in crypto asset prices over the past few months has also been partly driven by the US approval of a Bitcoin Exchange-Traded Fund (ETF) product in 2024. This ETF product allows investors to purchase assets that capitalize on Bitcoin's price movements, while also avoiding the risks of purchasing crypto coins.

The growing demand for Bitcoin ETFs has also driven up the price of Bitcoin. According to The Block, an outlet covering digital assets, investors invested over US$1 billion into Bitcoin ETFs last week.

The price increase is also due to the approaching Bitcoin supply limit, which means that high demand has outstripped the number of new Bitcoin

Bitcoin's price surge was short-lived after Trump threatened to impose 100 percent tariffs on Russia if the conflict with Ukraine wasn't resolved immediately. Trump made this statement at a press conference with NATO Secretary General Mark Rutte.

He emphasized that Russia would face additional tariffs within 50 days if a peace deal was not reached. Trump also announced a massive arms deal to Ukraine, funded by European countries and manufactured by the US.

Tokocrypto analyst Fyqieh Fachrur said in a press release that the statement sparked market concerns and prompted profit-taking by investors who had profited from Bitcoin's price rally last weekend.

In the past 24 hours alone, Bitcoin positions have been liquidated to the tune of approximately US$301 million. This reflects significant selling pressure. Fyqieh analyzes that if the downward trend continues, Bitcoin could plummet to US$115,000.

“If it manages to hold above this level, Bitcoin may regain momentum and move towards higher levels,” he said.

Fyqieh projects that Bitcoin's price could reach US$200,000, or around Rp 3.25 billion, by the end of 2025. This is provided that supply is limited and institutional accumulation continues.

However, he also emphasized that volatility will remain high, especially ahead of the release of US inflation data for June 2025 on Tuesday (July 15, 2025) and the subsequent monetary decision by the US central bank, the Federal Reserve.