Market Update 13th July 2025
$BTC is currently around $118,000, with Market Capitalization of 2.33 trillion. Still hope to increase over 125,000 $. Trading volume decreases 1.3% over last 24 hours.
$ETH is almost $3,000 though trading volume decreases 50% in last 24 hours. Market sentiment is neutral across Crypto market.
Other major Alt coins also increased their price.
The current US Administration's supportive stance on Cryptocurrencies is contributing to market optimism. Key US economic indicators, such as #CPI and PPI are set to be released next week, which could influence market sentiment.
Volatility heighten as the market experienced substantial liquidation in the day.
The "Crypto Week" is indeed set to begin on July 14, tomorrow. Lawmakers are preparing to discuss and vote on the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act, which could bring much needed regulatory clarity to the Crypto Industrial. But there are also concerns as some Democrats planning an "Anti-Crypto Corruption Week" to oppose these bills. Anyway, declaration of a "Crypto Week" indicates a growing bipartisan interest in addressing digital asset regulation in Congress.
Outcome of these legislation efforts will surly impact on the prices of major cryptocurrencies. Proponents of these bills aim to solidify the US's roles as a global leader in digital assets innovation, and the other countries will follow soon to be in competition .
CMC Altcoin Index : 30
Fear and Greed Index : 68
