📉 Market Recap & Key Drivers
Bitcoin (BTC)
Trailing behind today with a slight dip (~–0.15%)—trading around $117.4K after reaching intraday highs near $118.2K.
All-time highs: Broke record levels recently—$118K+ on July 11; some sources quote intraday peaks as high as $111.9K earlier in the week.
What pushed it: Massive ETF inflows ($1.2B+ daily), short-squeeze liquidations, and institutional adoption, bolstered by strategic political moves and policy buzz.
Ethereum (ETH)
Down to $2,942 (~–1.7%) from earlier highs above $3,000.
Technical rebound: BTC’s momentum carried ETH to 2025 highs ($358M in ETH in 24 hours) and ETF speculation around staking opportunities.
XRP
Now trading near $2.74, after climbing as high as $2.96 intraday.
Up ~8% today: Whales opened leveraged positions (~$14M long on Hyperliquid); speculative momentum tied to ETF developments and optimism in Ripple’s legal case.
Eyeing $3+: Analysts see next resistance at ~$2.90–$3.40, driven by ProShares and other XRP ETF launches mid–late July.
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📰 Why the Rally?
ETF fever:
BTC and ETH are attracting large ETF inflows—Bitcoin ETFs saw $1.17B on July 10 alone.
New XRP futures ETFs and the upcoming spot XRP ETF (REX‑Osprey) in late July are boosting liquidity and sentiment.
Short squeezes & whale activity: Massive short liquidations in BTC and ETH, and leveraged whale positioning in XRP, are intensifying the momentum.
Regulatory tailwinds:
Trump’s executive orders (March 6) and the U.S. Strategic Bitcoin Reserve, named as including BTC, ETH, XRP, and others, are seen as pro-crypto signals.
U.S. “Crypto Week” (July 14–18) includes legislative debates (GENIUS Act, CLARITY Act), adding to positive momentum.
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🔎 What to Watch This Week
July 14–18: U.S. “Crypto Week” — key policy discussions could stir market moves.
July 18: ProShares XRP ETF goes live—first major U.S. XRP ETF.
July 21 & 25: Launch of leveraged XRP ETFs and possible decision on REX‑Osprey spot XRP ETF.
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✅ Summary Snapshot
Asset Current Price Key Drivers
BTC ~$117.4K ETF inflows, record highs, short squeezes, policy support
ETH ~$2,942 Whale accumulation, staking & ETF optimism
XRP ~$2.74 Whale activity, ETF speculation, Ripple legal progress
