Bitcoin is making history, breaking past the record $120,000 mark as global economic uncertainty, new institutional trends and a surge in prices push it to new highs. The most popular cryptocurrency is now trading at $121,897.65, up 28% on its 2025 high.
Chart: BTC/USD Daily – Captured on July 14, 2025
This historic surge in Bitcoin came shortly after President Donald Trump’s unexpected move to impose a 30% tariff on goods imported from the European Union and Mexico, starting August 1. The decision has sent global markets into a tizzy and fuelled investor interest in bitcoin as a safe haven from traditional financial risks.
The digital currency had been in a downtrend for the past few days, and the recent pullback to higher levels signals a new surge. Analysts say the price volatility at the start of the week gave short-term indicators a chance to cool down and regroup for another bullish run.
With that, all eyes are now on the upcoming U.S. inflation data expected later this week. According to FactSet, economists predict the Consumer Price Index (CPI) will increase by 0.25% in June, translating to an annual inflation rate of 2.6%. Excluding volatile components like food and energy, the core CPI is projected to rise by 0.3% month-over-month, or 3% on an annual basis.
The market is being watched closely. If inflation is stronger than expected, it could push back expected interest rate cuts from the Federal Reserve, potentially causing short-term volatility for bitcoin and other risk assets. Yet many believe the downside will be overcome as bitcoin has a strong base of accelerating ETF inflows, growing corporate adoption and a supportive regulatory landscape in the U.S.
Leyden CEO John Glover and his team at Economic are understandably optimistic. He says, “Bitcoin has touched a new low, which suggests that the fall to $96,000 in June was just a normal break of the market – a process of launching itself.”
Glover believes that now Akhtar’s Savalchi has been achieved and it can reach $136,000 by the end of 2025. Earlier, he felt that this level would be achieved in early 2026, but now he says that this target could be reached sooner, given the steady momentum.
“This move has further validated our position,” he said. “The momentum is undeniable.”
With global tensions rising and inflation on the rise, investors are flocking to Bitcoin – not only using it as a speculative investment, but incorporating it into their investment policy in times of uncertainty. And whether we reach $136K, or higher, the crypto markets could be gearing up for an explosive second half of 2025.
