Today the cryptocurrency market is buzzing with major news and price movements. I Check across all top exchanges including BingX and did the below analysis, $XRP briefly reclaimed and then retraced from the $3.00 level, settling near $2.86, as investors balanced profit-taking ahead of the ProShares XRP Futures ETF launch on July 18 and watched whale accumulation hitting record highs . Bitcoin surged to a new all-time high above $123,000 before pulling back to around $117,000–$119,000, driven by bullish “Crypto Week” momentum in Congress where pivotal bills like the CLARITY Act, GENIUS Act, and anti‑CBDC legislation are advancing. Ethereum, currently trading near $2,977–$3,000, has dipped slightly today but continues to draw strong investor interest, with spot ETH ETFs seeing $259 M in inflows just yesterday. Meanwhile, standout altcoin $XLM has surged over 110% in just six days to around $0.46, making it one of the top performers this week (). Avalanche ( $AVAX ) holds steady near $20.83, with a market cap around $8.8 B. The total crypto market valuation stands at approximately $3.67 T, with daily volume near $260 B, and DeFi activity contributing over $100 B to the liquidity pool. Notably, U.S. policymakers are taking a more crypto-friendly stance this week. The House is set to vote on key crypto legislation, potentially redefining regulatory frameworks for digital assets—particularly stablecoins and CBDC roadblocks. These developments, along with high-profile corporate BTC purchases and rising ETF open interest, are driving today’s bullish sentiment.
