#ETHBreaks3700 #Crypto Market Hits $4 Trillion as Bitcoin Eyes $125K, Ethereum Surges
**July 21, 2025** – The cryptocurrency market is witnessing unprecedented momentum this week, fueled by regulatory breakthroughs, institutional adoption, and bullish technical breakouts. Here are the pivotal developments shaping today’s landscape:
🔥 1.Market Cap Milestone & Institutional Surge**
The global crypto market valuation soared past *$4 trillion**, driven by Bitcoin’s rally beyond $120,000 and Ethereum’s resurgence. Corporate treasury allocations to crypto are accelerating, with MicroStrategy’s holdings now exceeding **$71 billion** in Bitcoin—gaining a spot in the Nasdaq 100 index. Analysts at Bernstein forecast Bitcoin could reach $200,000 by year-end.
### ⚡ 2. **Bitcoin and Ethereum Technical Breakouts**
- **Bitcoin**: Trading near **$118,500**, BTC is testing a critical resistance trendline. A breakout could propel it to **$125,000**, while support holds at **$116,000** .
- **Ethereum**: Surged past **$3,750**—a 7-month high—triggering one of crypto’s largest short squeezes. Over **$200 million** in leveraged positions were liquidated in 24 hours as ETH gained 20% weekly .
🌐 3. **Stablecoin Regulation Reshapes Finance**
The U.S. enacted the **GENIUS Act**, establishing the first federal framework for dollar-pegged stablecoins. Concurrently, Hong Kong’s stablecoin licensing system launches **August 1**, adopting an "invitation-only" model for issuers to ensure rigorous compliance .
- **Altcoins**: Market dominance shifts as Bitcoin’s share drops to **61.4%**—the lowest since March. Tokens like **XRP** (+529% YoY) and **BNB** (+1.23% to $750) are gaining traction .
⚠️ 4. **Cautions in the Rally**
Despite optimism, miners sold 16,000 BTC in a single day—the largest exchange transfer since April—signaling potential profit-taking. Additionally, **token unlocks*worth over $200 million** this week may pressure altcoin prices (e.g., $117M for GateToken) .