Crypto Market Update - July 2025

Bitcoin hits new all-time high: Bitcoin reached a record high of $119,000, driven by strong institutional demand and $1.18 billion in inflows into spot BTC ETFs. BlackRock led the charge, purchasing nearly $1 billion in Bitcoin and $137 million in Ethereum for its IBIT Bitcoin ETF.

Solana’s growing momentum: Upexi announced plans to raise $200 million to expand its Solana treasury to 1.65 million SOL. Solana’s price surged over 6% amid rising institutional interest, with altcoins like XRP and Dogecoin also posting over 5% gains in 24 hours. Solana’s Firedancer testnet launched, promising 10x transaction speed.

Ethereum and ETF developments: The SEC approved spot Ethereum ETFs, with expectations of significant inflows. Ethereum’s price rose 7%, trading around $2,700, making it the top performer among major cryptocurrencies.

Crypto lobbying intensifies: The crypto industry spent $9.9 million on lobbying in Q1 2025, with Ripple alone contributing $400,000, targeting firms tied to the Trump administration. Congress is launching "Crypto Week" with three major bills under discussion.

#CryptoNews #bitcoin #solana #Ethereum

$BTC $ETH $SOL