Bitcoin Price Rockets Past $120,000 as Crypto Markets Gear Up for Historic Shake-Up
Bitcoin price has smashed through the $120,000 barrier, sending shockwaves across the financial world. The milestone marks a new chapter in the cryptocurrency’s rollercoaster journey, with industry leaders and investors bracing for what some are calling a “trillion-dollar” shake-up.
This fresh surge comes hot on the heels of a bold prediction from Coinbase CEO, and in the wake of mounting anticipation surrounding upcoming U.S. crypto legislation.
“The minute [the Genius Act is passed], it will signal the move to the next act, the market infrastructure act,” Shark Tank star Kevin O’Leary said during a recent crypto conference. “And when that is determined and regulated … bar the doors—a trillion dollars will come in and index [bitcoin].”
O’Leary’s comments echo a growing sentiment in the market: that the crypto industry is teetering on the edge of a historic influx of institutional capital.
Adding to the frenzy is former President Donald Trump’s anticipated win in crypto regulation. He’s expected to score a major legislative victory this week, with House Republicans reportedly ready to adopt the Senate’s stablecoin bill. That could be the green light the crypto industry’s been waiting for.
“Crypto week,” as it’s now been dubbed in Washington, sees three significant bills under scrutiny:
- The Genius Act, focused on stablecoins,
- A crypto market structure bill to clarify whether assets are securities or commodities,
- And an anti-CBDC bill, aimed at blocking a retail digital dollar.
The Genius Act, in particular, is seen as a potential gateway for institutional investors to dive in. Revised provisions allow for commodity-backed stablecoins and impose stricter rules on public firms planning to issue digital assets.
Elon Musk, never far from the centre of crypto conversations, has confirmed a “game-changing bitcoin bombshell,” although the full details remain under wraps. The anticipation alone has injected even more bullish sentiment into an already surging market.
Investors are also rallying behind Trump’s “Big Beautiful Bill”—a sweeping fiscal stimulus that’s expected to pump liquidity into risk markets.
“The biggest macro driver is the passing of Trump’s Big Beautiful Bill (BBB), a massive fiscal stimulus package signaling looser policy ahead. Historically, similar environments (such as during COVID) sparked sharp rallies in crypto as excess liquidity flowed into risk assets,” said Nick Forster, founder of Derive.xyz.
He added, “While there’s only a 7% chance of a Fed rate cut at the next meeting, the broader rate trajectory is clearly downward over the next 6-12 months. Lower rates make capital cheaper, driving more aggressive positioning in assets like bitcoin.”
Meanwhile, institutional adoption continues at pace. Bitcoin exchange-traded funds (ETFs) and publicly traded treasury firms—led by Michael Saylor’s firm—have tightened their grip on supply, prompting others to follow suit. Ethereum, XRP, and similar assets are also feeling the ripple effect.
What’s clear is that crypto’s moment may be here. With Bitcoin’s price climbing into six figures and the U.S. poised to usher in major regulatory clarity, traders and investors are preparing for what could be the sector’s most seismic moment yet.
