Bitcoin Tops $120K Amid Crypto Week Momentum

Bitcoin Tops $120K Amid Crypto Week Momentum

In this high-stakes edition of Trader’s Report, veteran trader Matthew Dixon breaks down the biggest market drivers shaping crypto and global markets this week — from Bitcoin’s historic surge past $120K to landmark crypto legislation in Washington and new macro headwinds triggered by U.S. trade policy.

Key Highlights This Episode:

• Bitcoin Hits $121K ATH

• BTC breaks through $120K–$121K on surging spot ETF inflows, institutional FOMO, and growing political momentum ahead of “Crypto Week” in the U.S.

Crypto Week Begins in U.S. House

Congress is set to vote on three crucial bills:

• The Genius Act: Sets guardrails for stablecoin issuers

• The Clarity Act: Defines SEC vs. CFTC oversight

• The Anti-CBDC Surveillance State Act: Blocks centralized digital currency surveillance

Together, they represent a historic push to legitimize and expand crypto in the U.S.

Senate Discusses Long-Term Crypto Regulation

The Senate Banking Committee is debating broader principles for crypto governance — including who sets the rules: regulators or Congress? A pivotal moment for regulatory clarity.

Macro Forces: Trump’s New Tariffs & Fed Messaging

President Trump’s announced tariffs — 35% on Canadian goods and 15–20% on others — are rattling global markets. Meanwhile, Fed Chair Jerome Powell points to this trade uncertainty as justification for keeping rates higher for longer.

Also Covered:

• Ethereum (ETH): Correction or continuation?

• Solana (SOL): Latest price action and market outlook.

• DXY & S&P 500: Macro forces driving asset correlations

• Gold, Oil, and other traditional markets in the context of tightening policy

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