Market Overview: As of July 21, 2025, the global cryptocurrency market capitalization remains above $4 trillion, with Bitcoin consolidating near $123,000 after hitting a record high earlier this week. Altcoins like Ethereum and XRP continue to gain ground, with Ethereum trading around $3,600 and $XRP nearing its all-time high of $3.65.
Ethereum ETF Inflows: U.S. spot Ethereum ETFs saw a record-breaking $2.1 billion in weekly inflows, marking the largest since their inception, reflecting strong institutional interest.
Regulatory Developments: The GENIUS Act, signed into law on July 18, 2025, continues to drive optimism by establishing a federal framework for stablecoins, preventing dominance by Big Tech and banks. Discussions around the CLARITY Act, which aims to define cryptocurrency classifications, are ongoing but have not yet passed the Senate.
Altcoin Rally: Dogecoin ($DOGE ) jumped 7% today, signaling a potential meme coin rally, while Ethereum’s governance token ENA and other altcoins like Solana ($SOL
) show strong momentum. Posts on X highlight Bitcoin’s dominance slipping as altcoins gain traction.
Institutional Moves: Semler Scientific is among the largest public Bitcoin holders, and Nasdaq-listed MEI Pharma launched a $100 million crypto investment initiative. Michael Saylor teased potential Bitcoin acquisition data for next week, boosting sentiment.
Global Adoption: Japan is pushing crypto tax reforms to boost adoption, and India saw over $200 million in crypto inflows, indicating growing global interest.
Risks and Cautions: On-chain sleuth ZachXBT highlighted potential issues with Indian exchange CoinDCX, urging caution. Scam risks remain high, with phishing attacks targeting crypto communities. Investors are advised to research thoroughly due to market volatility.