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Business Standard

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July 24, 2025

Bitcoin surged to an intraday peak of $123,153.22 on July 14 and is now trading at around $118,000—a rise of about 25 percent since January.

- KARTHIK JEROME

Bitcoin surged to an intraday peak of $123,153.22 on July 14 and is now trading at around $118,000—a rise of about 25 percent since January. Indian investors, who led the 2024 Global Crypto Adoption Index by Chainalysis, a New York-based blockchain data and analytics firm, must avoid getting carried away by the euphoria in this market.

Drivers of the rallyStronger regulatory signals from the Donald Trump administration and progress in US crypto legislation are driving institutional interest. "The GENIUS (Guiding and Establishing National Innovation for US Stablecoins) Act officially became law, while key Bills like the Clarity Act and Anti-CBDC Surveillance Act made progress through the House Rules Committee," says Ashish Singhal, cofounder, CoinSwitch.

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