As of 1 p.m. on July 14, the market price of Bitcoin (BTC) reached about $122,400/BTC - according to CoinMarketCap, up nearly 3% compared to the previous day.
Bitcoin trading volume and strength index increase
The 24-hour trading volume of the largest cryptocurrency by market capitalization is nearly $40 billion.
The move follows US President Donald Trump's decision to impose a 30% tariff on the EU and Mexico, starting August 1.
CoinDesk analysts said the new price record marked a successful breakout for BTC after two days of the market sending out overbought signals. That was when BTC's relative strength index (RSI) rose to 73.56. The last time RSI reached this level was in late May 2025, when BTC's price fluctuated around $110,000.
Bitcoin price today, July 14, breaks the $120,000 mark
Since early June 2025, BTC price has started to increase from the $100,000 region and has not shown any signs of decline. BTC has recovered quickly after falling below $16,000 at the end of 2022.
Bitcoin Recovers After Trump Wins Election?
More than $4 billion has poured into US-listed BTC exchange-traded funds (ETFs) since the presidential election in late 2024.
Mr. Trump expressed his support for digital assets during his election campaign. He promised to make the US the “cryptocurrency capital of the planet” and build a national BTC reserve.
“Anyone who has bought Bitcoin at any point in history is now in profit,” said Alicia Kao, CEO of cryptocurrency exchange KuCoin.
Risk assets, including BTC, could see negative moves if inflation rises, interest rate cuts are delayed, and However, many investors still believe that cryptocurrencies have strong momentum from the growing trend of businesses and financial institutions accepting BTC, the continuous increase in money flowing into ETFs, and positive regulatory prospects in the US.
Many experts even expect the price of BTC to reach $200,000.
Source: https://nld.com.vn/bitcoin-pha-dinh-gia-hon-120000-usd-196241122154752068.htm
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