The cryptocurrency market is experiencing a sustained rally, marking its third consecutive day of gains. An overwhelming majority, 98 out of the top 100 cryptocurrencies by market capitalization, have seen their values increase over the last 24 hours. Interestingly, despite this widespread growth, the overall market capitalization has slightly retracted by 0.3%, settling at $3.88 trillion. Trading activity remains robust, with a total crypto trading volume of $172 billion.
Key Takeaways:
- The cryptocurrency sector is showing strong upward momentum.
- Bitcoin established a new record high, exceeding $120,000.
- Ethereum has broken above and maintained its position above the $3,000 level.
- Overall market sentiment has moved into a state of greed.
- Exchange Traded Funds tracking Bitcoin and Ether have both reported substantial positive cash flow.
- Market fundamentals are robust, indicating potential for further price appreciation.
- Analysts suggest: “The market appears to be gearing up for a significant climb.”
Top Performing and Underperforming Cryptocurrencies
The bullish trend continues across the board, with all of the top ten cryptocurrencies by market cap registering gains in recent days.
Bitcoin (BTC) continued its upward trajectory, achieving a new all-time high and pushing past the $120,000 threshold. BTC increased by 3.7% in the last day, and is currently priced at $122,273.
Ether (ETH) has also increased, adding 2.4% and surpassing the $3,000 price point. It is currently trading at approximately $3,028.
XRP (XRP) led the charge among top performers, gaining 5.3% to reach a price of $2.94.
Dogecoin (DOGE) followed closely behind, rising by 4.3% to a price of $0.2075.
Looking at the broader market, only two of the top 100 cryptocurrencies experienced losses. These declines were marginal, less than 0.3%, meaning they saw very little change. Those coins are Gate (GT) and Leo Token (LEO), which are now being traded for $15.91 and $9, respectively.
Conversely, several coins experienced substantial gains, with six achieving double-digit increases, two of which exceeded 20%. Pudgy Penguins (PENGU) rose 28% to reach $0.02868.
Algorand (ALGO) also performed strongly, gaining 21.7% to trade at $0.2847.
This overall market rise has been influenced by continuing institutional investment and progressive regulatory steps worldwide. Notably, the U.S. “Crypto Week” begins today, where lawmakers in the House of Representatives will discuss and consider significant crypto-related legislation.
Bitcoin Economic Calendar for the week of July 14th (“Crypto Week”):Monday: Start of the Tornado Cash Trial, U.S. House of Representatives meetings to review the “Anti-CBDC Surveillance State” Act, the “Digital Asset Market Clarity” Act of 2025, and the “GENIUS” ActTuesday:… — Ledn (@hodlwithLedn)
It is interesting to note that Satoshi Nakamoto, the creator of Bitcoin, has potentially become the 11th richest person in the world as Bitcoin’s value climbs above $120,000.
If bitcoin does its normal 50%/ann then Satoshi will pass Buffett this year and Zuck sometime next year-ish to be #2 richest in world (Elon has huge lead). It’s fascinating to ponder that the founder of something so successful never cashed in. It echoes Jack Bogle in that regard — Eric Balchunas (@EricBalchunas)
Seamus Rocca, CEO of Xapo Bank, described the Bitcoin rally as “increasingly driven by institutional conviction, going beyond individual investors.” He elaborated,
“This isn’t a speculative rush, but a steady rise supported by large institutional players with a long-term vision.”
The factors that have supported Bitcoin’s function as a hedge against traditional economic downturns remain influential, with tight monetary policies and persistent global geopolitical tensions. “Should rates become more relaxed or if policy shifts are made, there’s more room for gains to be made.”
“The momentum we’ve seen in the last 48 hours is undeniable and is a testament to Bitcoin’s value growth as a legitimate asset class, rivaling traditional financial assets,” Rocca stated.
Nick Forster, Founder of Derive.xyz, a decentralized onchain options platform, estimates that there is a 10% chance of Bitcoin reaching $150,000 by September 26th and an 11% chance that it will surpass $180,000 by December 26th. Forster also indicated that there is a 20% chance that ETH will reach $3,600 by September 26th.
“Given the financial landscape, the expected rate scenario, and the revitalization of ETF inflows, it seems the market is setting itself up for a major surge,” Forester said. “Although volatility is still lower compared to the levels of 2020-21, the direction is becoming clearer, particularly for ETH. We’re paying close attention to whether this trend will continue in the following week.”
In addition, Farzam Ehsani, co-founder and CEO of the crypto exchange VALR, remarked that while Bitcoin’s all-time highs are exciting, “what’s more significant is the potential for humanity: money that is accessible for everyone regardless of borders or political agenda, restoring financial independence to individuals.”
Bitcoin represents “a possible global reserve currency, safe from the manipulation that has historically been common in monetary history. As this vision unfolds, the price of Bitcoin will go far beyond today’s values, though it will still likely go through periods of decline.” Ehsani noted.
Key Levels and Events to Monitor
At the time of this writing, BTC is trading at $122,273. The cryptocurrency began trading at around $118,015 earlier today, hitting an intraday low of $117,790. It progressively rose, then sharply increased from $118,993 to its current price, reaching a new all-time high of $122,369 along the way.
Traders and analysts are now watching the $125,000 level as a target. Furthermore, experts in the Russian crypto industry suggest Bitcoin could reach $135,000 by the end of the summer.
Yan Pinchuk, deputy head of exchange operations at the crypto exchange Whitebird, suggested Bitcoin could “reach values between $130,000 and $150,000 by the end of the year.” Pinchuk cautioned however that “given Bitcoin’s close connection to the tech sector, a correction in the [US] stock market would likely cause a temporary drop in the crypto market.”
Ethereum is currently trading at $3,028. It has managed to not only go past $3,000 again but maintain it. The price had been approaching the $3,000 mark during the day but unable to get there. Following a drop to $2,955, it surged to an intraday high of $3,052.
Additionally, market sentiment in the crypto space has increased, settling firmly in a “greed” state. The Fear and Greed Index has risen from 67 to the present reading, reflecting the most optimistic sentiment in over a month.
This suggests possible overconfidence among investors, which can cause asset prices to inflate.
On July 11th, U.S. exchange-traded funds (ETFs) holding Bitcoin saw substantial positive inflows, the seventh consecutive day of such activity. This day brought in inflows of $1.34 billion, following inflows of $1.18 billion.
The dominant position is held by BlackRock, with $953.52 million. Ark & 21Shares followed with $23.51 million.
Likewise, U.S. ETH ETFs have seen positive inflows for six consecutive days, totaling $166 million on Friday. BlackRock accounted for the majority of the total: $137.08 million, with Grayscale trailing at $25.51 million.
Metaplanet, a prominent corporate Bitcoin holder, added 797 Bitcoins to their holdings, worth $93.6 million, purchased at an average price of roughly $117,451.
Metaplanet has acquired 797 BTC for ~$93.6 million at ~$117,451 per bitcoin and has achieved BTC Yield of 435.9% YTD 2025. As of 7/14/2025, we hold 16,352 acquired for ~$1.64 billion at ~$100,191 per bitcoin. — Simon Gerovich (@gerovich)
SharpLink Gaming also added to their Ethereum reserves with a new acquisition valued at nearly $49 million. Market observers estimate that the company now controls around 270,000 ETH.
The Czech National Bank (CNB) has broadened its cryptocurrency exposure, buying its first Coinbase shares worth $18.1 million during Q2 2025.
The Czech National Bank added 51,732 shares of Coinbase (COIN) in Q2 2025, worth over $18M, marking its first position in the crypto exchange.It also increased its stake in Palantir (PLTR) by 49,135 shares, now holding 519,950 total. — Satoshi Club (@esatoshiclub)
Quick FAQ
- What factors contributed to crypto’s correlation with stocks today?
The cryptocurrency sector continued to rally during the weekend and in the last 24 hours. U.S. stock markets decreased on their last trading day. On Friday, the S&P 500 dropped by 0.33%, the Nasdaq-100 fell by 0.21%, and the Dow Jones Industrial Average went down by 0.63%. The drops followed recent tariff-related declarations from U.S. President Donald Trump.
- Can this rally maintain its strength?
Experts suggest that the rally has solid underpinnings and the bull market will likely persist, predicting that prices are expected to continue rising this year. Pullbacks and larger corrections are still possible and even likely, in the near future.