📊 Bitcoin & Ethereum — July 17, 2025
🟢Bitcoin (BTC)
Currently trading at $118,632, down about 0.57% on the day. Intraday range: $117,715–$120,012.
Despite a small pullback, Bitcoin remains resilient, holding above ~$118K, supported by strong institutional interest and anticipation of U.S. legislative clarity.
🟢Ethereum (ETH)
Currently at $3,397, climbing 3.4% intraday after surging 9% recently. Intraday highs near $3,475.
🔁 Altcoins & Market Breadth
Altcoin momentum: Today, 90 out of the top 100 crypto tokens are in the green, indicating a broad-based rally.
Ethereum dominance is climbing near 10.9%, while Bitcoin's dominance has slipped to around 61–63%, signaling a strong alt-season underway.
Top performers this week: Ethereum (+60%+ over the past week), XRP (+28–30%), Solana and Dogecoin each up ~6–7%.
XRP: up about 7.7% to $3.15–3.27 – breaking key resistance into potential bull-run territory.
📰 Market Overview
Total crypto market cap $240 B).
Crypto Fear & Greed Index sits in "greed" zone (~73), indicating strong bullish sentiment—but also caution for possible corrections.
Institutional picture: Spot crypto ETF inflows remain healthy, though <5% held by pensions; new investors include sovereign wealth like Abu Dhabi’s Mubadala.
🏛️ U.S. Regulatory & Political Developments
**“Crypto Week” in Congress**: House advanced three major bills—GENIUS Act (stablecoin framework), Digital Asset Market Clarity Act (CLARITY), and Anti‑CBDC Surveillance State Act. The GENIUS Act heads to President’s desk; others await Senate votes.
Market ripple effect: Ethereum and XRP experienced sharp gains today following lawmakers' progress, though some commentators warn of “casino” dynamics.
Bitcoin stability improving: Deutsche Bank notes lower volatility, attributing it to increasing maturity and legislative clarity.
Other U.S. moves from March: President Trump signed an executive order establishing a Strategic Bitcoin Reserve (≈200k BTC held by Treasury).
🌍 Global & Industry Highlights
Thailand launches a crypto sandbox, enabling tourists to convert crypto to baht via licensed platforms. Direct crypto spending still banned.
EU’s MiCA framework remains in force (since Dec 2024), promoting regulatory transparency and investor protection.
Institutional trends: Growth in corporate Bitcoin treasuries, and expansion into altcoins like SOL by companies such as BIT Mining.
⚠️ Hot Trends & Watchpoints
Altcoin Season Analysts confirm “Altcoin Season” is here—Ethereum leading the charge; meme and mid-cap coins trailing.
Institutional flows Spot ETFs see steady inflows; corporate balance sheets and sovereign portfolios add to demand.
Regulatory catalyst Passage of key U.S. bills may trigger further institutional cryptoflow—watch Senate and Trump approval.
Sentiment caution Greed indicator high; possible short-term corrections; maintain risk awareness.
✅ Summary
Bitcoin: Around $118.6K—holding steady, low volatility.
Ethereum: ~3.4K—leading altcoin surge.
Altcoins: Broad-based market gains, decreasing BTC dominance, signaling alt-season.
Regulation: U.S. bills advancing; global frameworks evolving—momentum building institutional trust.
