Bitcoin Hits New All-Time High Above $122K as Crypto Week Buzz Builds

Key Points

1. Bitcoin surged to a record high of $122,500, marking a 410x increase over the past decade with an annualized return of 83%.

2. Over $276 million in leveraged positions were liquidated, with $183 million from short traders caught off guard by Bitcoin's rally.

3. US lawmakers are set to review three major crypto bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance Act, which could redefine digital asset regulation.

4. The total crypto market capitalization stands at $3.86 trillion, supported by ETF inflows and Ethereum's rise above $3,000.

5. DeFi protocols saw a $20 billion increase in total value locked (TVL), reaching roughly $176 billion, reflecting growing trust in on-chain financial solutions.