Bitcoin Hits Record High as Crypto Markets Rally on U.S. Legislative Momentum

Ethereum, Solana Lead Altcoin Gains; Lawmakers Advance Stablecoin and Market Clarity Bills Bitcoin surged to a fresh all-time high Thursday, driven by optimism over pending U.S. legislation that could offer long-awaited regulatory clarity for digital assets. The token briefly traded above $120,000, extending a rally that has lifted the broader crypto market this week. Ethereum, Solana, and XRP followed suit, notching gains of between 5% and 8% over the last 24 hours. Ether climbed above $3,400, while Solana approached $180. Meme coins including Dogecoin and Floki also advanced, reflecting revived risk appetite across retail and speculative corners of the market. “The legislative tailwind is proving stronger than expected,” said Mike Ermolaev , founder of Outset PR. “For the first time in years, regulatory uncertainty is being priced out of the market.” Crypto Market Snapshot Asset Price (USD) 24h % Change Notes Bitcoin (BTC) 120,012 +2.6% Hits new ATH on U.S. policy optimism Ethereum (ETH) 3,443.64 +7.3% Strong ETF flows, altcoin momentum Solana (SOL) 179.12 +5.1% Riding broader risk rally XRP 0.84 +4.8% Rebounds with legislative clarity Dogecoin (DOGE) 0.19 +6.4% Meme coins gain speculative traction Capitol Hill Moves Crypto Forward The rally coincides with significant movement in Washington, where lawmakers are advancing a trio of crypto-related bills during what has been dubbed “ Crypto Week ” on Capitol Hill: The GENIUS Act, focused on regulating stablecoin issuers, passed the Senate in June and is now advancing rapidly through the House. The Digital Asset Market Structure Act, which aims to formally categorize tokens as securities or commodities, is expected to clarify jurisdiction between the SEC and CFTC. The Anti-CBDC Surveillance State Act, designed to block the implementation of a government-backed digital dollar, is gaining traction among privacy-focused lawmakers. House Speaker Mike Johnson has placed the GENIUS Act under a special rule, signaling it could be fast-tracked for a vote by the end of the week. Industry groups and lobbyists say the bills represent the most substantive policy progress for the sector since the collapse of FTX. Institutional Flows, Global Demand The policy momentum is also unlocking new institutional capital. Spot Bitcoin ETFs saw elevated volumes this week, while custody providers reported an uptick in onboarding activity from asset managers and corporate treasuries. Source: Coinglass Institutional Demand and Global Spillover Beyond the U.S., global activity is picking up. Indian exchanges CoinDCX and Mudrex recorded over $200 million in weekly inflows, the highest this year. Meanwhile, U.S.-listed Bitcoin and Ethereum ETFs posted elevated volumes, with custodians reporting an increase in institutional onboarding. Meme coins tied to former U.S. President Donald Trump—$TRUMP and $WLFI—also made headlines as major token unlocks introduced up to $93 million in new supply to the market. Analysts warned this could inject volatility, though some traders framed it as an opportunity. Outset PR Brings Precision to Crypto Communications While market momentum continues, many crypto projects are revisiting how they tell their story—and that’s where OutsetPR.io steps in. Outset PR, founded by crypto PR veteran Mike Ermolaev, is built like a workshop and powered by market data. The firm blends strategic storytelling with precision targeting. Every campaign is calibrated for traction: Media outlets are selected based on discoverability, authority, and conversion potential Pitches are customized to fit each platform’s editorial voice Narrative arcs are timed to ride and reinforce market momentum Looking for PR with a Visible Effect? Talk to Outset PR This hands-on, boutique approach—supported by daily analytics and trend monitoring—has made Outset PR the go-to for crypto, blockchain, and AI companies looking to amplify visibility with purpose. The agency’s model weaves stories into the market narrative, securing Tier-1 coverage through intelligent angle selection and real media relationships. Whether it’s targeted outreach for early-stage ventures or high-volume traffic acquisition for established platforms, Outset PR offers clarity in an industry where PR often feels opaque. With analytics at its core and a workshop ethos, the agency is redefining what results-driven storytelling looks like in the crypto space. Outlook With regulatory clarity in sight and institutional flows rising, the current rally appears more grounded than previous cycles. While volatility remains a constant in crypto, the infrastructure—financial and communicative—is maturing fast. As prices move and narratives form, firms like Outset PR are helping shape the conversation with data-led clarity, giving projects a clear voice in a noisy, fast-moving market. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: Crypto Daily