Bitcoin Blasts Past $120K as Wall Street Embraces Crypto – July 2025’s Must-Read Blockchain Roundup
Bitcoin breached $120,000 in July 2025 and traded around $123,000 by month’s end. The total crypto market capitalization surpassed $4 trillion for the first time in July 2025. MicroStrategy purchased 4,225 BTC for about $472.5 million in mid-July 2025, bringing its holdings to 601,550 BTC. Grayscale’s Digital Large Cap Fund was approved to convert into a spot ETF with roughly $755 million in assets, becoming the world’s largest diversified crypto ETF. The Genius Act was signed on July 18, 2025, establishing a federal stablecoin framework with 1:1 reserves, monthly audits, and AML requirements. Coinbase secured a MiCA license from Luxembourg