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- Bahrain All Share Index, Islamic Index close lower
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14/07/2025 05:56 AST
Bitcoin crossed the $120,000 level for the first time on Monday, marking a major milestone for the world's largest cryptocurrency as investors bet on long-sought policy wins for the industry this week.
Starting on Monday, the US House of Representatives will debate a series of bills to provide the digital asset industry with the nation's regulatory framework it has long demanded.
Those demands have resonated with US President Donald Trump, who has called himself the "crypto president" and urged policymakers to revamp rules in favour of the industry.
Expectations of further tailwinds for the industry helped propel bitcoin to yet another record high of $121,207.55 in the Asian session on Monday. It last traded 1.5% higher at $120,856.34.
The surge in bitcoin, which is up 29% for the year thus far, has sparked a broader rally across other cryptocurrencies over the past few weeks even in the face of Trump's chaotic tariffs.
Ether, the second-largest token, scaled an over five-month top of $3,048.23 on Monday and last stood at $3,036.24.
The sector's total market value has swelled to about $3.78 trillion, according to data from CoinMarketCap.
Reuters
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
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Asharq Al Awsat
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The new all-time high that Bitcoin, the world's largest cryptocurrency, hit on Monday signals a long-term structural shift in how digital assets are integrated into the global financial system, analy
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Spiralling inflation in the Euro Area was finally stabilized last year after an unprecedented cycle of policy rate increases by the European Central Bank (ECB).
The most aggressive tightenin
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Kuwait Times
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