Bitcoin just cleared $123,000. That’s a $20,000 gain in 7 days. The April low was $74,508. The rally tracks Trump’s fiscal blueprint. Traders are pricing in deficit expansion, rate suppression, and a synthetic boom built on borrowed time.
The One Big Beautiful Bill Act passed on July 3. It raised the debt ceiling by $5 trillion. The Congressional Budget Office projects a $3.3 trillion deficit increase over the next decade. That’s before factoring in Trump’s tax cuts: tips, overtime, child credit hikes, and corporate breaks. Defense and border spending are climbing. Medicaid and nutrition programs face cuts. The math doesn’t hold.
MicroStrategy ( $MSTR) is proxy for Bitcoin. Triggered a Buy signal. Likely heading towards previous ATH near $540. However, IV is high. pic.twitter.com/xbAsZOuCt1
— optionGeek (@StockShark16) July 14, 2025
global bonds dumping, bitcoin soaring.
kinda sorta getting to the endgame here
— zerohedge (@zerohedge) July 14, 2025
US government debt is expected to continue to surge over the next 7 years, all the way to $51 trillion pic.twitter.com/XRNZo8PL7x
— Markets & Mayhem (@Mayhem4Markets) July 14, 2025
Gold is up 28% year-to-date. Bitcoin is up 30% in 2025. The total crypto market cap sits at $3.81 trillion. Institutional inflows into Bitcoin ETFs hit $1.18 billion in July. MicroStrategy added 4,225 BTC last week at an average price of $111,827. Their total holdings now exceed 601,550 BTC.
Trump wants rates cut. He’s pressuring Powell. He’s calling for the lowest rates globally. The Fed held at 4.5% in June. CME FedWatch shows a 68% chance of a September cut. Goldman Sachs expects three cuts before year-end. The dollar index is down 11% in six months. Inflation remains above 3.4%. The deficit hit $316 billion in May.
The Genius Act and Clarity Act are moving through Congress. Trump’s Digital Asset Task Force is preparing a Strategic Bitcoin Reserve proposal. The U.S. already holds over 200,000 BTC through forfeitures. Arizona and New Hampshire passed state-level Bitcoin reserve bills. The asset is being framed as digital gold.
BREAKING: Bitcoin surges to a record $123,000, now up +66% since the April 2025 low.
In just 7 days, Bitcoin has added +$20,000. https://t.co/725h5pHI2f pic.twitter.com/PjFj1d1rGw
— The Kobeissi Letter (@KobeissiLetter) July 14, 2025
Technical indicators show Bitcoin’s RSI at 74.77. That’s overbought. But momentum remains strong. Analysts are targeting $131,000, $144,000, and $158,000 as next resistance levels. The 50-day SMA sits at $107,362. The 200-day SMA is at $88,660. Bitcoin is trading well above both. The breakout above $113,000 flipped resistance into support.
The market sees what’s coming. Trillions in spending. Trillions in debt. Trillions in liquidity. Bitcoin is absorbing the signal. The fake boom is priced in. The inflation storm is next.
Sources:
https://www.abcmoney.co.uk/2025/07/bitcoin-hits-new-all-time-high-123000/
https://cointelegraph.com/news/bitcoin-rally-fueled-us-deficit-fiscal-concern
https://www.gate.com/crypto-wiki/article/trump-s-crypto-policies-impact-on-digital-assets-in-2025
