刚刚，见证历史！集体爆发！

Core Viewpoint - The cryptocurrency market is experiencing a significant upward trend, with Bitcoin reaching a new all-time high of over $120,000, driven by institutional investments and regulatory developments in the U.S. [1][5][11] Market Performance - Bitcoin's price surged to $122,021.9, with a 24-hour increase of approximately 3.63% and a 7-day increase of about 12.91% [6] - Ethereum and other altcoins also saw substantial gains, with Ethereum rising over 18% in the past week [1][5] - The overall cryptocurrency market experienced a liquidation of over 129,000 positions, amounting to $744 million in the last 24 hours [6] Regulatory Developments - The U.S. House of Representatives began debating a series of cryptocurrency bills aimed at providing clearer regulatory frameworks for the digital asset industry [3][11] - The week of July 14 was designated as "Cryptocurrency Week," during which several key bills were reviewed, including the Clarity Act and the Anti-CBDC Surveillance State Act [11] Institutional Demand - There is a record inflow of institutional funds into Bitcoin ETFs, with a single-day inflow reaching $1.18 billion, indicating strong institutional interest [12] - Analysts suggest that the current bullish sentiment is supported by ongoing institutional demand and limited supply, with predictions of Bitcoin potentially reaching $200,000 by the end of the year [11][12] Market Sentiment - Investor optimism is rising as Bitcoin breaks out of its consolidation phase, with some analysts indicating that the next significant resistance level is at $125,000 [9][10] - The sentiment is further bolstered by the performance of traditional risk assets, which have returned to historical highs, enhancing the appeal of Bitcoin as a macro hedge [7][8] Industry Integration - Cryptocurrency companies are increasingly seeking integration with traditional banking systems, with several firms applying for national trust bank charters to offer limited banking services [12][14] - Kraken is set to launch credit and debit cards, marking a significant step towards deeper financial service integration [13][14]