The crypto market witnessed a historic shift in its dynamics in July 2025 as altcoins, led by Ethereum (ETH), outperformed, according to a Binance Research report. #Notcoin #IPOWave #Binance #BTCReserveStrategy $BTC
During the month, total cryptocurrency market capitalisation experienced a notable increase of 13.3 per cent, driven in part by Bitcoin (BTC) reaching new all-time highs of $123,000, Ethereum’s strong market performance due to rampant corporate adoption of ETH treasuries, growing digital asset treasury adoption, and increased regulatory clarity following the passage of major crypto bills on stablecoins.
"Market dynamics also shifted, with altcoins outperforming — led by ETH — supported by a record 19-day streak of positive net inflows into spot ETH ETFs," said the report.
This positive momentum, according to the report, was further supported by the passage of three key bills during US President Donald Trump’s 'Crypto Week', which provided crucial regulatory clarity around stablecoins and SEC-CFTC oversight.
Further, altcoin and Bitcoin dominance reversed course in July; Bitcoin dominance fell 5.2 per cent to 60.6 per cent, while altcoin dominance rose 10 per cent to 39.2 per cent.
While Bitcoin had rallied earlier in the year and once again consolidated near all-time highs, July marked the first time this pause aligned with a broader shift in market positioning — supported by risk-on sentiment and improving macro conditions.