#BTCvsETH ### Crypto Market Summary - July 21, 2025

#### **Bitcoin (BTC)**

- BTC is currently trading around **118,197.53 USDT**, showing a slight increase over the last few hours.

- In the last 24 hours, Bitcoin surpassed **118,000 USDT**, a psychological milestone that has generated some optimism in the market.

- Although there are no major bullish movements today, it remains stable after days of moderate volatility.

#### **Ethereum (ETH)**

- ETH is having a positive day, breaking the **3,800 USDT** barrier and reaching a high of **3,815.78 USDT**.

- This represents a **4.27% increase** in the last 24 hours, driven by a combination of technical factors and institutional funds.

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### **Key Events Shaping the Market**

#### 1. **Record Growth of USDT**

- The total supply of **USDT has reached $160 billion**, an increase of **34 times since 2020**.

- Tether also reported massive growth in transactional volume: **$1.1 trillion monthly**, an increase of **74 times** since 2020.

- On the TRON network, the issuance of **TRC20-USDT surpassed 81.6 billion**, showcasing how low-cost chains dominate the stablecoin ecosystem.

#### 2. **Ethena’s USDe Returns to 6 Billion**

- The yield-generating stablecoin **USDe** has regained its key position, surpassing **6 billion dollars in supply** once again.

- With an **APY of ~10% in sUSD**, it continues to attract capital seeking passive yield in DeFi.

#### 3. **Institutionals Keep Betting on Bitcoin**

- According to Bitwise, **125 public companies now own a total of 84,700 BTC**, valued at **91 billion dollars**.

- The entry of new companies into the market indicates that Bitcoin continues to gain acceptance as a strategic corporate asset.