ബിറ്റ്‌കോയിൻ hits All Time High

📰 What’s New?

• Bitcoin Hits a New High: Bitcoin is now worth over $123,000. It used to be around $119,000, but now it went up fast. All together, Bitcoin is worth about $3.8 trillion. That’s a lot!

• The U.S. Government is Talking About Crypto: This week, people in the U.S. Congress are talking about new rules for crypto. These are called the GENIUS Act (to help stablecoins), the CLARITY Act (to explain the rules), and the Anti-CBDC Act (to stop a U.S. digital dollar).

• Big Investors Are Buying Bitcoin: Over just one week, $3.7 billion went into Bitcoin funds. That’s like lots of rich people and companies putting money into Bitcoin. One fund, called IBIT by BlackRock, has almost $90 billion in it!

• Big Wallets Are Buying Too: Some people who own a lot of Bitcoin (we call them “whales”) bought 95,000 more Bitcoin. In other countries like Hong Kong, people are also buying a lot. Other coins like Ethereum and XRP are going up too.

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⚠ Why It Matters?

• Crypto Is Getting Big: Bitcoin and other coins are now a big part of the world’s money system. When it grows, it can change how we use money.

• Indians Are Watching Too: Many people in India are interested in Bitcoin. Some people are buying it to try and grow their money. But crypto can also be risky. The price can go up and down fast.

• The U.S. Is Helping Crypto Grow: The government in the U.S. is making new rules that make it easier for people to use crypto. If the laws pass, other countries might also start helping crypto grow.

• Be Careful of Fast Changes: When prices go up very fast, they can also come down very fast. So, people should be smart and careful before buying.

⏭️ What’s Next?

• Laws Might Pass Soon: By the end of July, the U.S. Congress might say “yes” to the new crypto laws. Then, the President can sign them to make it official.

• Ethereum Might Get Its Own Fund: Experts think Ethereum (another big coin) could get its own ETF soon. That means more big money might go into Ethereum too.

• Watching the Price: If Bitcoin stays above $120K, that’s a good sign. But if it goes below $110K, it might go down more.

• Other Coins Could Grow Too: People are also looking at other coins like Ethereum, XRP, and ADA. These coins might go up if Bitcoin keeps rising.

🧠 Crypto Mafia Summary:

• Price: On July 14, Bitcoin went up to $123,153. It has grown more than 30% since May!

• ETF Money: Over $140 billion is in Bitcoin funds now. On one day, $1.22 billion came in. That’s the most in many years.

• Big Funds: BlackRock’s IBIT has $90B, and Fidelity’s fund has $40B. An older fund, called Grayscale, lost $1.1B because people moved their money to the newer ones.

• New U.S. Rules:

  • GENIUS Act: Makes it safe to use stablecoins (coins tied to the dollar).

  • CLARITY Act: Tells us how to follow crypto rules.

  • Anti-CBDC Act: Stops the U.S. from making a digital dollar.

• President Trump’s Orders: The U.S. now keeps all its government Bitcoin in a safe place. It’s called a Bitcoin Reserve. The government doesn’t want to sell this Bitcoin.

• Why the Price Jumped:

  • Some bets (called options) ended in June. That helped the price go up.

  • Many people were betting Bitcoin would go down. But when it went up, they had to buy fast. This pushed the price even higher.

• Whales Buying: People who own a lot of Bitcoin added 95,000 more coins. That means they believe Bitcoin will go up more.

• Other Coins Rising Too: Ethereum went up to $3,080. XRP and ADA also went up. Many people are now buying more coins, not just Bitcoin.

• What Could Go Wrong?: Prices could drop if the new laws are delayed. Also, if big investors sell their Bitcoin, the price could fall. In India, the government hasn’t made clear rules yet. That makes it risky.