Here's a cryptocurrency update based on recent news and market trends:
*Market Overview*
The total crypto market capitalization has seen fluctuations, with a recent high of $3.8 trillion in January 2025. However, it fell by 18.6% in Q1 to close at $2.8 trillion. Bitcoin's dominance has increased, accounting for 59.1% of the total crypto market cap.
*Bitcoin Updates*
- *Price Prediction*: Analysts forecast Bitcoin to reach $118,000, $150,000 in H1, and $185,000 in Q4 2025.
- *Treasury Activity*: Bitcoin treasury activity has exploded with 8,400 BTC added in one week.
- *Institutional Interest*: Growing demands for compute deriving from AI will lead Bitcoin miners to retrofit, build, or co-locate HPC infrastructure alongside their Bitcoin mines .
*Altcoin Updates*
- *XRP*: Judge Torres has no more role in the XRP vs. SEC lawsuit. XRP's price prediction suggests it could reach $10 with Ripple's institutional push.
- *Ethereum*: ETH's price plummeted from $3,336 to $1,805 in Q1 2025, erasing all its gains from 2024. Analysts predict Ether to trade above $5,500 in 2025.
- *Solana*: Solana continued its dominance of on-chain spot decentralized exchange trades, accounting for 39.6% of all trades in Q1 2025 .
*Regulatory Developments*
- *US Regulations*: The US House of Representatives will hold "Crypto Week" starting July 14 to discuss key laws on digital assets. The SEC is expected to open an investigation into Prometheum.
- *Global Regulations*: Asia's governments, including Japan and South Korea, have adopted crypto regulations allowing businesses to use blockchain technology .