Crypto Market Update – July 21, 2025

#Bitcoin (BTC) is currently trading around $118,800, showing a modest +1% gain, while #Ethereum (ETH) is up around 3–4%, holding steady near $3,775. The overall crypto market cap stands at $3.93–$3.95 trillion, and sentiment remains bullish with the Fear & Greed Index firmly in the “Greed” zone (~67).

🔍 Key Market Drivers

Major U.S. Crypto Legislation Passed

The GENIUS Act was signed into law, requiring stablecoins to be fully backed by U.S. dollars or Treasuries.

The Digital Asset Market Clarity Act and Anti-CBDC Act have also cleared the House and await Senate decisions—expected later this quarter.

Strong Institutional Buying

ETFs continue to see heavy inflows: $2B+ into $ETH ETFs in July, and $14B+ into $BTC ETFs this year.

Market analysts are now forecasting BTC to reach $140K–$250K by year-end, depending on macro conditions.

Altcoin Surge

Altcoins like Solana, $XRP and #Dogecoin are outperforming BTC, with gains of +6%, +3%, and +8% respectively.

XRP is seeing institutional interest due to ETF speculation.

Technical Momentum & Short Squeezes

#ETH is poised for a massive short squeeze, potentially pushing it above $4,000.

#BTC remains technically strong as long as it stays above $115–116K, with next resistance near $125–130K.

🧭 Looking Ahead

Watch for Senate votes on crypto legislation.

Stay tuned for Treasury updates on stablecoin rules.

ETF fund flow reports could signal sustained institutional momentum.

Keep an eye on ETH, XRP, and SOL as altcoin momentum builds.

✅ Summary

Today’s crypto market is fueled by a combination of strong technicals, institutional buying, and regulatory progress in the U.S. Bitcoin and Ethereum are holding firm near highs, while altcoins gain steam. All signs point to continued strength—if key legislation and ETF inflows stay supportive.