SINGAPORE, July 14 – Wetin we dey hear? Bitcoin just jumped pass $120,000 for the first time o! This no be wahala, this na serious matter wey don make many investors dey dance jolly. As dem talk say dem go fit get wetin dem want from U.S. policy makers, gbedu don dey drop.
On Monday, Bitcoin climb reach record high of $122,571.19, before e pull back small. But no worry, e still dey shine for $121,952.61. E be like say this rally no go stop anytime soon.
U.S. House of Representatives dey prepare to debate bills wey go bring regulatory framework wey crypto industry don dey shout for. Even President Donald Trump, wey don dey call himself the ‘crypto president’, don give dem strong backing. Dis na good news, as e gree say e go help dem revamp rules wey go favor the industry.
Market analyst Tony Sycamore talk say Bitcoin dey ride plenty tailwinds. Strong institutional demand, expectation of more gains, and support from Trump dey push am forward. “E don dey make serious moves for past six days, and e dey eye $125,000 level,” he yan. Make I tell you true, if you follow Bitcoin journey, you go see say e don dey up 29% for year 2025 alone.
The rise in Bitcoin don scatter ground for other cryptocurrencies too. Ether, wey be second largest token, don climb reach $3,059.60 wey na over five-month high. XRP and Solana dey follow as dem don gain 3% each. Crypto market total value don swell reach $3.81 trillion. Chai! This one no be beans!
Gracie Lin, CEO of OKX for Singapore talk say dem dey notice say Bitcoin dey turn to long-term reserve asset for many investors, even central banks dey show interest. “Participation from Asia-based investors dey increase. This one dey show say Bitcoin don start to enter global financial system,” she gree.
And guess wetin? Washington don declare week of July 14 as ‘crypto week’. Dem go vote on important bills like the Genius Act wey go create federal rules for stablecoins wey dey play major role for market. Crypto ETFs for Hong Kong don also dey jump high, as dem dey hit record levels.
With all dis drama for crypto world, e go dey interesting to see how everything go turn out. As Bitcoin dey shine brighter, e fit change di game for plenty investors. So, make we dey watch am tight, because dis gbedu no fit end anytime soon!
