Coinbase's $0.12M BTC Tweet Sparks Frenzy in Crypto Community

Coinbase's tweet highlighting Bitcoin's milestone of surpassing $120,000 has caught the attention of the crypto community. The tweet displays the price in millions, emphasizing Bitcoin's growth potential. The digital asset reached a record high of $123,231 on Monday, thanks to a surge in exchange-traded funds, and has a current market capitalization of $2.41 trillion. The U.S. House of Representatives will debate bills aimed at providing regulatory framework for the digital asset market during "Crypto Week."

July 2, 2025

Bitcoin (BTC) has reached a significant milestone, surpassing the $120,000 mark, as highlighted by major crypto exchange Coinbase in a recent tweet. The digital asset's price has been on a steady upward trajectory, boosted by a surge in exchange-traded funds (ETFs) and legislative momentum in the United States.

Coinbase's tweet, which displayed Bitcoin's price in millions, has captured the attention of the crypto community. The tweet read, "1 BTC = $0.12 million," emphasizing Bitcoin's growth potential and the historic milestone it has achieved. This tweet was posted on social media platform X (formerly Twitter) on July 14, 2025 [1].

Bitcoin reached a record high of $123,231 on Monday, according to data from CoinMarketCap. The cryptocurrency's market capitalization currently stands at $2.41 trillion, making it the world's fifth-largest asset by market capitalization, only behind Gold, NVIDIA, Microsoft, and Apple [2]. This surge in Bitcoin's value is attributed to a combination of institutional inflows, policy momentum in the U.S., and heightened macro liquidity.

The U.S. House of Representatives is set to debate a series of bills aimed at providing the digital asset market with a regulatory framework during "Crypto Week," scheduled from July 14 to July 18. Among the key bills is the GENIUS Act, which aims to establish a federal framework for stablecoins. Additionally, the Digital Asset Market Clarity Act and the Anti-CBDC Surveillance Act will be discussed, addressing broader digital asset oversight and limiting the creation of a U.S. central bank digital currency (CBDC) [4].

Bitcoin's continued growth is expected to be driven by sustained institutional demand, as seen in U.S. spot bitcoin ETF inflows. Analysts predict that if these factors hold up, Bitcoin could test the $130,000 to $150,000 range before the end of 2025 [2].

The surge in Bitcoin's value has also positively impacted other cryptocurrencies. Ethereum, for instance, rose by 2.71% in the past 24 hours to break above $3,000, while XRP added 4.82% to $2.91, and Solana gained 3.21% to $165.9. The GMCI 30 Index, which measures the performance of the top 30 cryptocurrencies, is up 3.6% over the last day [2].

In parallel, the cryptocurrency mining industry is evolving with the introduction of AI-powered Bitcoin mining contracts. ZA Miner, a UK-based cloud mining company, has launched AI-powered Bitcoin mining contracts that offer daily payouts ranging from 2% to 19.1%. These contracts eliminate the need for physical mining rigs, making the process more user-friendly and environmentally conscious [3].

The potential outcomes of these developments include increased competition among mining service providers, more user-friendly solutions, and regulatory scrutiny, all of which contribute to the growth and development of the cryptocurrency industry.

References:
[1] https://u.today/coinbases-012-million-btc-tweet-stuns-crypto-community-details
[2] https://www.theblock.co/post/362383/bitcoin-worlds-fifth-largest-asset
[3] https://www.ainvest.com/news/za-miner-launches-ai-powered-bitcoin-mining-contracts-2-19-1-daily-payouts-2507/
[4] https://cryptofrontnews.com/us-house-set-to-vote-on-major-crypto-bills/