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Key takeaways

• This week, Bitcoin has bounced around in the $108,800 to $109,300 range for the following reasons:
  • Rising institutional investment, strong ETF inflow, and growing legislative support.
  • Crypto’s getting its moment in Washington. The U.S. House Financial Services and Agriculture Committees have officially dubbed July 14–18 as “Crypto Week.” 

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Bitcoin’s been doing its usual dance this past week. Bouncing around, but mostly heading in the right direction. As of July 7, 2025, it’s sitting in the $108,800 to $109,300 range.

Zooming out over the past seven days, the overall trend has been mildly bullish. Depending on where you look, reports show gains ranging from +0.75% to +1.83%. 

There were a couple of dips along the way, sure, but they didn’t stick. The market quickly shrugged them off.

Right now, Bitcoin’s bumping up against a resistance level near $109,000. Some technical folks have flagged $108,890 as the make-or-break line. If BTC can close above that level for the week, it could pave the way for another push toward uncharted territory. For context, the week’s high was about $110,116, and the low dipped to around $105,162.

All in all, Bitcoin’s been trading in a fairly tight, upward-leaning range. Mostly hovering between $108K and $109K. It’s not exactly fireworks, but steady climbs like this often lay the groundwork for bigger moves down the line.

So why is Bitcoin’s price up this week?

1. Bitcoin just got a big nod from U.S. lawmakers

Crypto’s getting its moment in Washington. The U.S. House Financial Services and Agriculture Committees have officially dubbed July 14–18 as “Crypto Week.” And it’s more than just a catchy label. Congress is gearing up to debate and potentially pass a trio of major bills that could influence the trajectory of digital assets in the U.S.

Here’s what’s on the docket:

• The CLARITY Act – meant to lay down a solid legal framework for digital assets
• The Anti-CBDC Surveillance State Act – a clear rejection of a Federal Reserve-issued digital dollar
• The GENIUS Act (from the Senate) – details are still emerging, but it’s aimed at boosting innovation.

The goal? Create clear rules of the road for crypto, protect consumers, and stake the U.S.’s claim as the global leader in digital finance. Republican leaders are backing the effort in full force, promising to fast-track these bills to President Trump’s desk.

If these measures pass, we could see a more stable and investor-friendly crypto landscape. One with less guesswork for both U.S. and international players. 

It would also signal to the public that digital currencies aren’t just speculative tech toys, they’re here to stay, and they’re being taken seriously at the highest levels.

With midterms on the horizon, the timing is no accident. Lawmakers are looking to thread the needle: champion innovation while still keeping an eye on consumer protections. 

Additionally, on July 3, Congress passed the One Big Beautiful Bill Act, and while it doesn’t mention crypto by name, it could still give Bitcoin a serious boost.

President Trump’s latest budget package slid through late in the evening, with Republicans backing it almost unanimously. 

Democrats, unsurprisingly, weren’t thrilled, and even some of Trump’s allies, like Elon Musk, chimed in with criticism. The bill massively increases the U.S. government’s borrowing limit, adding a jaw-dropping $5 trillion to the national debt ceiling.

So what does any of this have to do with Bitcoin?

Well, not much directly. Lawmakers tried to sneak in a few crypto-related amendments during the Senate debate, but none of them made the final cut. Still, Bitcoin watchers are keeping a close eye on the ripple effects. And they’re feeling bullish.

2. Satoshi-era Bitcoin wallet springs to life, sparks market buzz

One of Bitcoin’s oldest wallets just woke up, and it’s causing quite a debate. After sitting untouched for more than a decade, this relic from the early days of crypto suddenly moved 10,000 BTC, now worth over $1 billion. 

Back in 2011, Bitcoin traded below $1. Fast forward to today, and we’re talking about a 140,000x return. Not bad for a long nap.

The timing? Pretty interesting. Bitcoin’s flirting with a new all-time high, and excitement across the market is building. 

So, why the sudden activity? No one really knows. Theories are flying, though. Maybe it’s an early miner finally cashing out. Maybe the wallet belonged to a defunct exchange. Or maybe, just maybe, it’s Satoshi.

With Bitcoin this close to a breakout, some suspect the holders are preparing to sell. It wouldn’t be the first time a whale quietly repositioned before making a big move.

Meanwhile, institutional interest in Bitcoin keeps rising. Over the past week, multiple companies have either upped their BTC allocations or jumped in for the first time. Bitcoin’s role as a strategic reserve asset is becoming harder to ignore.

This wallet’s sudden reappearance might fly under the radar for casual observers, but longtime Bitcoiners know it’s a big deal. Movements like this are rare, and a reminder of just how much early holders still control. 

More importantly, the market didn’t flinch. No panic, no crash. Bitcoin’s price held steady, which says a lot about how much investor sentiment has matured. What used to send shockwaves now sparks curiosity and a closer look.

3. Retail investors are quiet on the Blockchain, but loud in ETFs

There’s this common idea floating around that Bitcoin can’t go much higher because retail interest is fading. Onchain data seems to back that up. Small wallet activity has hit multi-year lows. But hang on, that might not be the whole story.

Here’s what’s likely happening:

Yes, on-chain metrics show retail users aren’t moving coins around like they used to. But if you zoom out a bit, a different picture comes into focus. One where retail investors are still very much in the game, just using a different route.

Spot Bitcoin ETFs are seeing steady growth in assets under management (AUM), and guess who holds most of those shares? Retail investors. Maybe not always directly. Some are investing through advisors or funds managing assets on their behalf, but the demand is still there, just flowing through Wall Street channels rather than personal wallets.

In the U.S., it’s easy for everyday investors to buy into Bitcoin via ETFs. Outside the U.S., it’s a different story: self-custody still plays a major role. So while direct, on-chain retail activity might look sleepy, it’s far from dead. The takeaway? Retail hasn’t checked out; they’ve just changed lanes.

Looking ahead: How is July doing so far

July’s off to a strong start for Bitcoin, and analysts across the board are feeling confident. Many expect continued upward momentum, and some are even tossing around new all-time high targets. 

So, what’s driving the optimism? A few big themes keep coming up.

Institutions are still buying

Let’s start with the big money. June closed out with Bitcoin above $107,000, and the flow of capital into U.S. spot Bitcoin ETFs hasn’t slowed. BlackRock, Fidelity, and other major players are still pulling in serious cash. That kind of sustained institutional interest is doing more than just propping up prices. It’s soaking up the available supply.  

July likes Bitcoin

Since 2013, July has averaged a return of 7.56%. And technically speaking, things are looking pretty solid: BTC is holding above key moving averages (20, 50, and 100-day EMAs), suggesting a bullish structure in the short term. 

There’s resistance around the $110K–$112K zone, but a clean break above that could open the door to $115K and beyond. Some charts are even flashing continuation patterns, like bull flags, that hint at a push toward $120K or even $125K before the month is out.

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Bitcoin performance month to date (MTD)

~4% Increase

Source: TabTrader

Bitcoin’s performance in June 2025 was a tale of two halves: early consolidation, followed by a powerful rebound that led to a record monthly close.

The month kicked off with BTC trading near $105,400, still riding the momentum from earlier gains in the year. By May, it had already topped $112,000, but June didn’t start with fireworks. Instead, the first couple of weeks were marked by choppy action and hesitation. Prices mostly bounced between $97,000 and $112,000, as traders took profits and global market jitters, driven in part by geopolitical tensions, kept sentiment in check.

Resistance at $112K proved stubborn, with Bitcoin testing that level several times but failing to break through decisively early on. Analysts pointed to broader market correlations and investor caution as key reasons for the pause in upward momentum.

Bitcoin performance year-over-year (YoY)

~89% increase

Source: TabTrader

From July 2024 to July 2025, Bitcoin has had a standout year. One marked by impressive gains and growing recognition as a serious asset class. Over the past 12 months, BTC has surged by roughly 95.8% according to some reports, with other estimates putting the increase closer to 87.6% or 93%.

Either way, it’s a major leap. One year ago, Bitcoin was trading around $58,230. Today, it’s hovering near $109,215. A clear sign of just how far it’s come.

We’ll monitor crypto market activity and share a fresh update following Monday, July 14, 2025.

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Cryptocurrency prices are highly volatile and can change rapidly; the prices and trends reported here, including those sourced from TabTrader and other references, may not reflect real-time values at the time of reading.

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Important Note: These materials are for general informational purposes only and do not constitute financial, investment, or professional advice. Cryptocurrency investments involve significant risks, including potential substantial financial loss, and we do not endorse specific investments, tokens, or projects. Always conduct your own research and consult qualified financial or legal professionals before investing, as Paxful disclaims liability for any losses arising from reliance on these materials to the fullest extent permitted by law