The overall value of the cryptocurrency market is climbing, showing a nearly 2% increase and approaching the $3.80 trillion milestone. Major players like Bitcoin (BTC) and Ethereum (ETH), along with a majority of other digital currencies, are currently showing positive trading activity. BTC has seen a rise of almost 1% over the last 24 hours, rebounding after a temporary dip to $117,771 earlier today. While it briefly touched $120,000, momentum waned, causing it to drop below $118,000 before stabilizing at its present price of $118,759. Ethereum (ETH) is experiencing significant growth, boosted by record-breaking inflows into its exchange-traded funds (ETFs). The second-largest cryptocurrency has exceeded $3,300, marking an impressive increase of over 7% at the time this report was compiled. Ripple (XRP) has also performed well, exceeding $3 with an 8% price surge in the last 24 hours. Solana (SOL) is up by more than 5%, trading around $172, while Dogecoin (DOGE) has risen by almost 7%, trading at approximately $0.211. Other cryptocurrencies such as Cardano (ADA), Chainlink (LINK), Hedera (HBAR), Stellar (XLM), Toncoin (TON), Litecoin (LTC), and Polkadot (DOT) have also demonstrated noteworthy gains.
Key Republican leaders in the House have come to an agreement to proceed with three important crypto-related bills that were previously held up due to a procedural vote. This deadlock was caused by Republican members who strongly opposed central bank digital currencies (CBDCs). The vote, lasting over nine hours and marking the longest in the House’s history, finally passed late Wednesday with a margin of 217-212. Some Republicans initially withheld their support, demanding assurances that a ban on CBDCs would be approved. House Majority Leader Steve Scalise announced that Republicans will now include a CBDC ban in an essential defense spending bill. An earlier resolution faced similar delays from Republicans on Tuesday.
Coinbase has introduced the Base App, positioning it as a comprehensive “everything app” that combines payments, trading, social networking, and app discovery into a unified platform. The unveiling took place during the “A New Day One” livestream event on July 16. This new app represents a significant rebranding and expansion of the existing Coinbase Wallet. Built on the Base Layer 2 network, it aims to provide seamless on-chain experiences centered around USD Coin transactions, decentralized applications, and social interactions. Coinbase describes the app as a hub where users can post content, chat, send money, trade assets, and earn rewards. Its social features are powered by Farcaster, enabling users to publish content, generate income, and maintain their identity across various applications. The app also integrates Base Pay, a feature that allows users to make payments in USDC on supported platforms.
The World Liberty Financial (WLF) community has collectively approved the trading of the WLFI token. Following a week-long voting period that began on July 9 and concluded on July 16, the proposal garnered a 99.94% approval rate. This decision paves the way for the WLFI ecosystem to transition to a more decentralized system, enabling peer-to-peer transactions and access to secondary markets. It will also empower more stakeholders to participate in governance decisions related to ecosystem initiatives, token distribution, and treasury management. The trading of WLFI tokens will be rolled out in stages, with only a portion of the tokens initially available to early investors. The remaining supply will be locked until the community holds further votes to determine future token unlock schedules. The Trump family’s holdings of WLFI tokens will also be subject to these restrictions.
Bitcoin (BTC) is currently experiencing a slight decrease, trading around $118,346, as buying interest has slowed near the $120,000 level. The week began positively for BTC, with a surge past $123,000, setting a new record high. However, this momentum faded, leading to a low of $115,701 on Tuesday before settling at $117,682. The price rebounded on Wednesday, reaching an intraday peak of $119,954 before closing at $118,641. The current trading session shows BTC marginally down, around $118,156. Despite reaching a new high earlier in the week, analysts suggest that the Bitcoin market is not overbought, implying potential for further price increases. Data from TradingView indicates that BTC has established a new range in shorter timeframes, trading above critical support levels. CryptoQuant analyst Axel Adler Jr. believes BTC has not yet reached its peak, citing a chart showing the absence of a peak signal that typically appears near major market tops. Adler explains, “It appears when the combined normalized market to realized price index and 30-day/365-day value days destroyed ratio score reaches or exceeds 1. The Peak Signal only appears at major market tops, and it hasn’t shown up this time, suggesting we’re not at a peak yet.” Another CryptoQuant analyst, Crypto Dan, points to the Realized Cap-UTXO Age Bands, a metric illustrating the distribution of the realized cap for a specified age cohort, to suggest that BTC is not in an overheated state. Crypto Dan states, “Despite the price rising even higher, the fact that overheating has significantly decreased compared to previous short-term peaks suggests that Bitcoin could continue to break all-time highs and rise significantly in the second half of 2025, leaving strong potential for growth.” The analysts suggest that, despite Bitcoin showing resilience near its all-time highs, on-chain data indicates potential for an extended rally. The first major resistance beyond Bitcoin’s all-time high is seen at $124,000, with an upper resistance level at $136,000. “When BTC pushes into this area, the market is typically in overbought conditions with excessive unrealized profit for new buyers.” On the downside, analysts have identified $113,000, $111,000, and $101,000 as key levels to monitor. “Historically, staying above this zone signals strongholder conviction and trend continuation.”
Ethereum’s (ETH) upward trend continues strongly, breaking through significant price barriers. Overcoming selling pressure encountered on Tuesday, the second-largest cryptocurrency by market capitalization recovered from a low of $2,932 to reclaim the $3,000 mark and closed at $3,140. Investor confidence strengthened as ETH surpassed $3,300 and settled at $3,374. Currently, the price has moved beyond $3,400, trading around $3,445. ETH has risen approximately 9% over the last 24 hours and nearly 24% over the past week, breaking free from weeks of limited price movement. This surge in ETH’s value is fueled by soaring demand for Ethereum ETFs. Data from SoSoValue reveals that US Ethereum ETFs recorded net inflows exceeding $700 million on July 16, marking a record high. BlackRock’s ETHA led the inflows with $489 million, while Fidelity’s FETH recorded $113 million in inflows. Corporate treasury companies are also contributing to the rally, with several increasing their ETH reserves. These include SharpLink Gaming, Bit Digital, and GameSquare. Institutions such as Standard Chartered and Goldman Sachs are also shifting some of their Bitcoin holdings into Ethereum.
Solana (SOL) experienced considerable selling pressure on Tuesday, falling to an intraday low of $157. However, it rebounded from this level, increasing by over 1% to regain $160 and close at $164. Bullish sentiment increased on Wednesday as the price rallied, rising almost 6% and closing at $173. SOL is up 1.20% in the current session, trading around $175. SOL began the previous weekend negatively, decreasing by over 3% on Friday and closing at $147. It showed a slight decline on Saturday before increasing by almost 3% on Sunday to regain $150 and close at $151. The price returned to negative territory on Monday, decreasing by almost 2% to $148. Despite the bearish start to the week, SOL recovered on Tuesday, increasing by nearly 2% to regain $150 and close at $151. Buyers maintained control on Wednesday as the price increased by 3.54% to cross the 50-day SMA and close at $157. SOL rallied on Thursday, increasing by almost 5% to cross $160 and close at $164. The price faced selling pressure and volatility on Friday as sellers attempted to overwhelm buyers. As a result, it fell nearly 1% and closed at $162. Sellers retained control on Saturday as SOL fell 1.37% and closed at $160. The price recovered on Sunday, registering a slight increase and moving to $161. SOL reached an intraday high of $168 on Monday as buyers attempted to overwhelm sellers and push above $170. However, the price lost momentum and fell to $162, ultimately registering a 0.68% increase. SOL plunged to an intraday low $157 on Tuesday as selling pressure intensified. However, it recovered from this level to reclaim $160 and settle at $164, ultimately registering an increase of 1.08%. Bullish sentiment intensified on Wednesday as SOL rallied, rising nearly 6% to cross $170 and settle at $173. The current session sees SOL up over 2%, trading around $177, with buyers setting their sights at $180.
Dogecoin (DOGE) experienced a significant drop on Friday (July 4), falling over 5% to $0.163. The price recovered from this level, rising almost 1% on Saturday and over 4% on Sunday to settle at $0.171. DOGE was back in the red on Monday, dropping over 2% to $0.167. However, the price recovered on Tuesday, rising nearly 2% to $0.171. Buyers retained control on Wednesday as DOGE rose over 5% to $0.180. DOGE rallied on Thursday, rising almost 9%, crossing the 50-day SMA and settling at $0.196. The price raced to an intraday high of $0.214 on Friday. However, it lost momentum after reaching this level and settled at $0.201, ultimately registering a 2.55% increase. DOGE lost momentum on Saturday after facing selling pressure and volatility. As a result, it fell nearly 2% and settled at $0.197. Despite the selling pressure, the price registered a slight increase on Sunday, ending the weekend in positive territory. DOGE reached an intraday high of $0.211 on Monday. However, it could not stay at this level and fell to $0.196. Sellers drove the price to an intraday low of $0.188 on Tuesday as selling pressure intensified. DOGE recovered from this level to register a 1.32% increase and settle at $0.199. The price continued pushing higher on Tuesday, rising nearly 7% and settling at $0.212. The current session sees DOGE up almost 2%, trading around $0.216.
Aptos (APT) traded positively the previous weekend, increasing by 0.36% on Saturday and 1.23% on Sunday to close at $4.47. The price showed a slight decline on Monday but recovered on Tuesday, increasing by 0.33%. Buyers retained control on Wednesday as APT rose nearly 4%, crossing the 20-day SMA and closing at $4.64. Bullish sentiment intensified on Thursday with the price rising over 5% to cross the 50-day SMA and settle at $4.87. APT reached an intraday high of $5.08 on Friday. However, it could not stay at this level and settled at $4.89, ultimately registering a slight increase. Despite the positive sentiment, APT was back in the red on Saturday, dropping nearly 2% to $4.80. The price recovered on Sunday, rising 2.74% to end the weekend at $4.94. APT reached an intraday high of $5.20 on Monday but could not remain at this level and settled at $4.97. The price fell to $4.78 on Tuesday as selling pressure intensified. However, it recovered to register a 2.51% increase, reclaiming $5 and settling at $5.09. Buyers retained control on Wednesday as APT rose nearly 2% to $5.19. APT is up over 1% during the current session, trading around $5.25.
Internet Computer (ICP) started the previous weekend in bearish territory, registering a slight decline on Saturday. The price recovered on Sunday, rising nearly 2% to $4.85. However, it was back in the red on Monday, dropping 1.44% to $4.78. Buyers returned to the market on Tuesday as ICP rose 1.26% and settled at $4.84. Bullish sentiment intensified on Wednesday as the price surged over 6% to reclaim $5 and settle at $5.15. Price action remained bullish on Thursday as ICP rose nearly 5% and settled at $5.40. Despite the positive sentiment, buyers lost momentum on Friday as the price fell almost 1% to $5.35. ICP faced substantial selling pressure and volatility on Saturday as buyers and sellers struggled to establish control. Buyers took control on Sunday as the price rose over 2% and settled at $5.47. ICP raced to an intraday high of $5.66 on Monday. However, it lost momentum after reaching this level, falling nearly 2% to $5.38. Buyers returned to the market on Tuesday as the price rose over 4% and settled at $5.61. Selling pressure and volatility increased on Wednesday, and ICP could only register a slight increase. The current session sees the price up almost 1%, trading around $5.66.