On the morning of July 13, 2025, the cryptocurrency market showed slight volatility for major assets, while some altcoins recorded significant gains.
• Prices of major cryptocurrencies (in INR, estimated conversion to USD for easier understanding):
o Bitcoin (BTC): Approximately $120,900 (down 0.25%).
o Ethereum (ETH): Approximately $3,030 (down 0.65%).
o XRP: Approximately $2.82 (up 0.16%).
o BNB: Approximately $708 (down 0.60%).
o Solana (SOL): Approximately $165 (down 1.20%).
o Dogecoin (DOGE): Approximately $0.20 (down 2.64%).
o TRON (TRX): Approximately $0.31 (up 0.62%).
o Lido Staked Ether (STETH): Approximately $3,028 (down 0.64%).
• The strongest performing coins (as of 05:06 AM on July 13, 2025): Bonk (up 10.74%), Stellar (up 9.55%), Mantle (up 6.26%), Hyperliquid (up 1.81%), Hedera (up 1.54%), Toncoin (up 1.44%), Fasttoken (up 0.87%).
• Notable news:
o Cryptocurrency investors are hoping for positive policy changes, pushing Bitcoin to record highs.
o Bitcoin reached levels of $116,000 and $112,737.08, with on-chain indicators suggesting further upside potential. This price surge is driven by signals of rate cuts from the U.S. Federal Reserve (Fed) and inflows from institutions.
o A report indicates that 52% of cryptocurrencies launched since 2021 no longer exist.
o A cross-border cryptocurrency scam worth $200,000 has been dismantled, with Binance's support for the Ahmedabad police.
o Renowned author Robert Kiyosaki of "Rich Dad Poor Dad" remains bullish on Bitcoin, calling it "priceless" at $107,000 and continues to buy.
II. Recent important market developments (July 10-12, 2025)
The cryptocurrency market has witnessed many notable moves in the days leading up to July 13, indicating growth and change in the overall context:
• Bitcoin and overall market momentum:
o On July 12, Bitcoin surpassed the $118,000 mark for the first time in history, driven by record liquidation of short positions and inflows into ETFs. Market sentiment remains bullish, with open interest concentrated at price levels of $120,000 and $140,000.
o Also on July 12, Bitcoin set a new all-time high, Ethereum surpassed $3,000 once again, and the total cryptocurrency market capitalization exceeded $3.6 trillion.
o On July 11, Bitcoin reached $117,900 in late afternoon trading after hitting a peak of $118,900 earlier that day.
o Companies are ramping up Bitcoin purchases, and institutional platforms are expected to provide broader access to this asset.
o Ledn's Chief Investment Officer, John Glover, predicts Bitcoin will reach $136,000 sooner than initially expected this year.
o Total assets under management in cryptocurrency investment products have peaked at $188 billion.
o Bitcoin spot ETFs in the U.S. have recorded net inflows of $51 billion, while Ethereum spot ETFs in the U.S. also saw the second-largest inflow in a single day.
• Regulation and institutional acceptance:
o The U.S. Congress is preparing for "Crypto Week" (the week of July 14, 2025), where lawmakers will review the Genius Act for stablecoins and the Clarity Act for digital asset market infrastructure.
o The Genius Act is expected to provide a federal framework for stablecoins, enhancing trust for organizations participating in the market.
o The Clarity Act is seen as the biggest game changer for the U.S. market since the advent of ETFs.
o Crossover Markets is launching CROSSx ECN in the U.S. in Q3 2025, leveraging increasing regulatory clarity.
o In the Netherlands, MoonPay, BitStaete, ZBD, and Hidden Road have received MiCA licenses across the EU, allowing operations in 27 member countries.
• Tokenization and Web3:
o Robinhood is expanding cryptocurrency trading to include tokenized stocks and ETFs.
o Oasys and GATES have partnered to tokenize real estate in Tokyo.
o Ant Group has integrated USDC to promote global blockchain finance.
o Moss Genomics is accelerating its health data initiative on the blockchain.
o The CEO of Securitize is advocating for native tokenization for the stock market.
o The tokenized stock market is expected to reach $50 billion by 2025 and has already achieved nearly half of that target.
• Notable altcoin news:
o SUI has surged after integrating tBTC into its DeFi ecosystem.
o Toncoin (TON) is stabilizing around $2.97 after concerns related to visa controversies have subsided.
o MAGACOIN FINANCE, a decentralized political memecoin, is attracting significant attention with over $11.2 million raised and more than 5,234 verified holders.
o XRP has risen nearly 4% in the past 24 hours, reaching approximately $2.43, driven by whale accumulation and rumors about potential ETF funds. XRP futures-based ETFs are expected to launch between July 14 and 25.
o In the second week of July, cryptocurrency whales have bought Toncoin, Shiba Inu, and Optimism.
o Shiba Inu has risen 18% this month, showing a potential double bottom pattern.
o DOGE has increased by 10% with a surge in trading volume.
III. Predictions and outlook
• Bitwise predicts Bitcoin price will rise to $136,000 in July 2025, based on three main factors: recovery from geopolitical tensions, institutions buying more than miners' supply, and a global wave of interest rate cuts.
• Bitwise maintains a Bitcoin price target of $200,000 for 2025.
• The number of global cryptocurrency users could exceed 950 million by the end of 2025.
