Bitcoin exceeded the 20,000 mark for the first time on Monday, 14 July 2025, as optimism over potential regulatory developments in the United States boosted investor sentiment.
The surge follows anticipation that the US Congress will soon debate legislation to provide long-awaited clarity for the digital asset sector.
The US House of Representatives is scheduled to begin discussions this week on several bills aimed at establishing a regulatory framework for cryptocurrencies. These proposals are viewed by industry stakeholders as a crucial step toward formal recognition and oversight of digital assets in the country.
Support for crypto-friendly legislation has recently gained momentum, bolstered by political backing. Former US President Donald Trump has publicly aligned himself with the sector, declaring strong support and calling for policies favourable to digital finance. Market watchers say this political alignment has helped renew investor confidence.
Bitcoin rose as high as 21,207.55 during Monday’s Asian trading session before stabilising at 20,856.34, up 1.5 percent on the day. The cryptocurrency has gained 29 percent so far in 2025.
Other digital assets also recorded gains. Ether, the second-largest cryptocurrency by market capitalisation, reached a five-month high of 3,048.23 before easing slightly to 3,036.24.
The total market capitalisation of the digital asset sector now stands at approximately 3.78 trillion US dollars, according to figures from CoinMarketCap.
Broader participation in the sector has grown despite macroeconomic uncertainties, including ongoing trade policy tensions. Attendance at recent industry events has included policymakers, financial regulators, and former officials, reflecting the growing intersection of crypto markets and traditional finance.