Bitcoin Reaches Daily New Peaks, Yet Analysts Caution It's a 'Crisis Mode' Surge

Bitcoin’s historic rally continues with no signs of slowing down.
The world’s most famous cryptocurrency hit an all-time high overnight from Sunday to Monday, briefly surpassing the symbolic threshold of $123,000 before pulling back slightly. By 6:00 a.m. ET, it was hovering around $122,013, according to data from CoinGecko.
This staggering surge marks a more than 30% increase in Bitcoin’s price since January, outpacing even gold and fueling the narrative that Bitcoin is the new “digital gold.”
The ETF Effect
Analysts attribute much of the momentum to growing institutional interest, driven in large part by Bitcoin ETFs, new investment products that allow everyday investors and financial institutions to buy shares that track the price of Bitcoin, without having to own the cryptocurrency directly.
Charts circulating on social media show that spot Bitcoin ETF inflows have reached all-time highs, reflecting sustained demand from large investors. Coinbase has forecast a massive second wave of capital entering the market once U.S. financial advisors are legally allowed to recommend Bitcoin ETFs to their clients. This opens the door to billions in retirement savings, pension funds, and other traditional investment flows being funneled into Bitcoin.
Bitcoin Etf'lerinin kümülatif girişleri,tüm zamanların en yüksek seviyesinde nakitte bekleyen var mı ? #bitcoin pic.twitter.com/jSQofBySFA
— Murat ALICI (@alicimuratt) July 14, 2025
Congress, Crypto, and the Future of Finance
The timing of Bitcoin’s climb isn’t coincidental. It comes as Crypto Week begins in Washington, D.C. It’s a high-stakes political moment for the crypto industry. Lawmakers are considering several bills that could reshape how digital assets are regulated in the United States. These include:
- Formalizing the legal status of Bitcoin and other cryptocurrencies
- Shifting oversight to the Commodity Futures Trading Commission (CFTC)
- Legalizing the use of stablecoins in everyday payments
- Banning a future U.S. central bank digital currency (CBDC)
Bitcoin vs. Gold
Bitcoin’s rise has put it ahead of nearly every other major asset in 2025.
“Gold (+28%) and Bitcoin (+26%) are now the top-performing major assets so far in 2025,” noted Charlie Bilello, chief market strategist at Creative Planning. “We’ve never seen these two in the #1/#2 spots for any calendar year.”
Gold (+28%) and Bitcoin (+26%) are now the top performing major assets so far in 2025. We’ve never seen these two in the #1/#2 spots for any calendar year. $GLD $BTC
Video: https://t.co/8pPyZehrH9 pic.twitter.com/XiQzuqf7q6
— Charlie Bilello (@charliebilello) July 13, 2025
That dynamic has strengthened Bitcoin’s brand as “digital gold” and added to its appeal during a year marked by inflation concerns, currency fluctuations, and geopolitical uncertainty.
Not Everyone Is Celebrating
Still, some market watchers are sounding alarms about the pace and nature of the rally. The team behind The Kobeissi Letter, a widely followed financial newsletter, points to a troubling paradox: Bitcoin is soaring while interest rates remain high, a combination that defies traditional economic models. They fear Bitcoin has entered a dangerous new phase.
“This is not a ‘normal,'” they wrote. “We have reached a point where Bitcoin is moving in a literal STRAIGHT-LINE higher. Rates are rising, the USD is down -11% in 6 months, and crypto is up +$1 TRILLION in 3 months. What’s happening? Bitcoin has entered ‘crisis mode.'”
This is not a "normal."
We have reached a point where Bitcoin is moving in a literal STRAIGHT-LINE higher.
Rates are rising, the USD is down -11% in 6 months, and crypto is up +$1 TRILLION in 3 months.
What's happening? Bitcoin has entered "crisis mode."
(a thread) pic.twitter.com/dLanVy0VvA
— The Kobeissi Letter (@KobeissiLetter) July 14, 2025
They connect this crisis mode directly to massive government spending, pointing out the rally’s acceleration after the passage of President Trump’s recent spending package.
“Bitcoin has reached a point where it is quite literally making new all time highs multiple times a day. Since the U.S. House passed President Trump’s ‘Big Beautiful Bill’ on July 3rd, Bitcoin is up +$15,000.”
Their conclusion is a stark warning for anyone watching the markets.
“If the surge in gold prices didn’t alert you, Bitcoin should.”
Bitcoin has reached a point where it is quite literally making new all time highs multiple times a day.
Since the US House passed President Trump's "Big Beautiful Bill" on July 3rd, Bitcoin is up +$15,000.
If the surge in gold prices didn't alert you, Bitcoin should. pic.twitter.com/btYaT90CTg
— The Kobeissi Letter (@KobeissiLetter) July 14, 2025


