$BTC Bitcoin Reaches New All-Time High: Bitcoin surged to a record high of $120,938.95, marking a 10% increase over the past week. The rally is driven by pro-crypto sentiment from the Trump campaign, strong ETF inflows ($1.18 billion in a single day), and corporate treasury allocations. Bitcoin’s market cap now stands at $2.4 trillion, surpassing Google and silver to become the 6th largest asset by market cap. Analysts predict Bitcoin could reach $145,167 by year-end and $458,000 by 2030.[](
- Ethereum Gains Momentum: Ethereum (ETH) has seen a 45% price surge in the past month, outpacing Bitcoin’s 14% gain, driven by the Pectra upgrade improving speed and efficiency. Analysts, including Bitwise, are bullish on Ethereum ETFs and tokenized assets on its network, predicting significant growth in 2025. ETH is currently trading at around $2,528 with a market cap of $305.05 billion.[](
- Stablecoin Regulation Advances: The U.S. House is set to pass a bill establishing a regulatory framework for stablecoins, requiring issuers to back tokens with liquid assets like U.S. dollars and disclose reserve compositions monthly. This could legitimize stablecoins, boosting adoption by banks and retailers. Hong Kong’s stablecoin licensing ordinance takes effect August 1, with firms like Ant International planning to issue stablecoins.
- Altcoins and Meme Coins Surge: Other cryptocurrencies like XLM (22% gain) and HBAR (27% gain, trading at $0.2285) have seen significant increases. Meme coins like Pepe (PEPE) maintain strong investor interest, with a market cap of $4.336 billion. Binance announced a Sperax Trading Competition (July 13-27, 2025) to boost SPA token engagement.[](
- Crypto ETFs and Policy Wins: The SEC has issued guidance on disclosure requirements for crypto ETFs, marking progress toward approving ETFs for coins like Solana, XRP, and even Trump’s meme coin. Bitcoin and Ethereum ETFs saw their second-largest inflow day ever, fueling price rallies. A landmark “Crypto Week” in Congress is expected to pass bills expanding the Commodity Futures Trading Commission’s oversight of digital assets.[](
- Industry Developments: Coinbase is advancing AI integration, while Tether continues blockchain cleanup efforts. However, risks remain, as seen in the collapse of UK crypto fintech Ziglu, with a £2 million ($2.7 million) shortfall affecting investors.
- Market Sentiment and Risks: The crypto market’s total value is approximately $3.67 trillion. While optimism is high, analysts like Simon Peters from eToro warn of potential short-term pullbacks due to market volatility and leverage-driven short liquidations ($550 million for Bitcoin, $195 million for Ethereum in 24 hours).
