Bitcoin set a fresh record near $119,500 before Crypto Week

Bitcoin established a fresh venue record on July 13, 2025, extending a rally that had already pushed the cryptocurrency through successive highs during the preceding week.

Binance’s BTCUSDT daily candle, measured from 00:00 through 23:59:59 UTC, opened at 117,420.00 USDT, reached 119,488.00 USDT, fell as low as 117,224.79 USDT and closed at 119,086.64 USDT. The high was approximately 1.76% above the open, while the close represented a gain of approximately 1.42%. Both percentages are Coinburn calculations from the exchange record.

The result should be described as a Binance BTCUSDT record rather than a universal Bitcoin price. Cryptocurrency trades continuously across exchanges, broker platforms and onchain markets, and USDT is a dollar-linked token rather than dollars delivered through a conventional closing auction. Other datasets consequently recorded slightly different levels.

CoinMarketCap’s end-of-day historical snapshot placed Bitcoin at $119,116.12, up 1.43% over 24 hours and 9.05% over seven days. The snapshot reported a market capitalization of approximately $2.369 trillion and 24-hour volume of approximately $49.02 billion. Those are aggregated estimates based on CoinMarketCap’s venue coverage and circulating-supply methodology, not audited totals for every market.

A record that survived the UTC close

The July 13 move followed Bitcoin’s first break above $118,000 on July 11. The Associated Press reported that CoinMarketCap had measured a July 11 intraday high of $118,856 before the price slipped below $118,000 later in that session.

By comparison, the July 13 Binance candle closed above $119,000. That distinction mattered: the record was not merely a momentary high followed by a complete reversal before the UTC boundary. Even so, one daily close could not establish that the advance would persist or identify which buyers produced it.

The reviewed records support a measured conclusion that Bitcoin’s price discovery continued during the weekend. They do not isolate a single cause. Spot-fund demand, dollar conditions, corporate treasury buying and expectations for friendlier United States policy were all cited in contemporaneous coverage, but the available evidence does not assign a defensible percentage of the July 13 return to any one factor.

Washington supplied the immediate policy backdrop

July 13 was also the final calendar day before the U.S. House’s scheduled “Crypto Week.” The House Financial Services Committee had announced that lawmakers would consider the Digital Asset Market Clarity Act, the Anti-CBDC Surveillance State Act and the Senate-passed GENIUS Act during the week beginning July 14.

The three measures addressed different institutional questions: market oversight, restrictions on a Federal Reserve central bank digital currency and federal rules for payment-stablecoin issuers. Their scheduled consideration helped explain why regulatory expectations featured prominently in market commentary.

Chronology limits the stronger claim. No House vote on those bills had occurred by the end of July 13, and none of the proposals had become law during the measured Binance session. The record therefore reflected expectations surrounding legislative action, not a demonstrated market response to final votes or enacted rules.

Later context

On July 14, Bitcoin crossed $120,000 and Reuters subsequently recorded a high of $123,153.22. That later advance confirms that price discovery continued, but it does not change the July 13 measurement or prove that the scheduled congressional agenda caused either session’s return.