The cryptocurrency market is witnessing a positive trend today, marking its third consecutive day of growth. A remarkable 98 of the top 100 digital currencies by market capitalization have registered gains in the last 24 hours. However, the overall cryptocurrency market capitalization has slightly diminished by 0.3%, settling at $3.88 trillion, with total trading volume hovering around $172 billion.
To summarize:
- The cryptocurrency market is firmly in the green;
- Bitcoin (BTC) has achieved a new all-time high, exceeding $120,000;
- Ethereum (ETH) has successfully surpassed the $3,000 threshold and remains steady;
- Market sentiment has shifted into the greed territory;
- Significant positive flows have been observed in both US BTC and ETH spot ETFs;
- Market fundamentals remain robust, suggesting potential for further growth;
- “The market appears to be positioning for a major upward leg.”
Crypto Winners & Losers
The ongoing bullish momentum in the cryptocurrency market is notable, as every coin in the top ten by market cap has seen gains over recent days.
Bitcoin (BTC) continues on an upward trajectory, hitting a new all-time high and surpassing the $120,000 mark. The cryptocurrency has risen by 3.7% in the past day and is currently valued at $122,273.
Ethereum (ETH) has also seen an increase of 2.4%, crossing the $3,000 mark and currently trading at $3,028.
XRP (XRP) has emerged as the best performer within the top tier, registering a 5.3% increase to reach $2.94.
In the second position for gains is Dogecoin (DOGE), which has appreciated by 4.3%, now priced at $0.2075.
Among the top 100 cryptocurrencies, only two have shown declines, with both dropping less than 0.3%, rendering them nearly unchanged. These are Gate (GT) and Leo Token (LEO), trading at $15.91 and $9, respectively.
Conversely, six cryptocurrencies have enjoyed double-digit increases, with two of them surging over 20%. Pudgy Penguins (PENGU) has soared by 28% to $0.02868, and Algorand (ALGO) has risen by 21.7%, currently priced at $0.2847.
This recent uptick in the crypto market is attributed to growing institutional interest and favorable regulatory environments across the globe. Particularly noteworthy is the commencement of ‘Crypto Week’ in the United States, during which lawmakers in the House of Representatives are set to review three significant cryptocurrency bills.
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” Act
Tuesday:… pic.twitter.com/SARipkbi80
— Ledn (@hodlwithLedn) July 13, 2025
Intriguingly, the identity of Bitcoin’s creator, Satoshi Nakamoto, has positioned them as the 11th richest individual globally, following Bitcoin’s surge past $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 https://t.co/tu9MRzUD5h
— Eric Balchunas (@EricBalchunas) June 2, 2025
‘There’s Still Room to Run’
Seamus Rocca, CEO of Xapo Bank, has provided insights on Bitcoin’s ascent to new heights, stating that the current rally is distinguished by institutional confidence, diverging from mere retail speculation. He noted:
“This isn’t a frenzied boom with no foundation; instead, this is a measured ascent, backed by large institutional players with the long-term in mind.”
With robust fundamentals keeping Bitcoin’s role as a hedge strong, tensions in monetary policy and geopolitical landscapes remain relevant. “Should rate pressures ease or policy shifts take place, there’s still room to run,” Rocca added.
“The momentum observed over the last 48 hours is undeniable. This signals that Bitcoin is not only increasing in value but also establishing itself as a legitimate asset class that competes with traditional finance,” he emphasized.
Nick Forster, founder of the decentralized on-chain options platform Derive.xyz, predicts a 10% likelihood of Bitcoin reaching $150,000 by September 26 and an 11% chance of exceeding $180,000 by December 26. Additionally, he estimates a 20% chance for Ethereum to reach $3,600 by September 26.
“Given the fiscal situation, interest rate foreseeability, and a resurgence in ETF flows, the market appears to be gearing up for another significant upward movement,” Forster remarked. “While volatility remains moderate compared to the past cycles, there’s a growing conviction in market direction, particularly with Ethereum. We are closely monitoring for validation of this trend in the coming week.”
Furthermore, Farzam Ehsani, co-founder and CEO of crypto exchange VALR, expressed that while Bitcoin’s all-time highs are exhilarating, its transformative promise lies in offering humanity a borderless, politically neutral form of currency that returns financial sovereignty to individuals.
Bitcoin represents the potential future global reserve currency, unshackled by historical monetary manipulation. He argues that as this vision unfolds, Bitcoin’s price will significantly appreciate beyond current levels, albeit likely face volatility along the way.
Levels & Events to Watch Next
At present, Bitcoin is trading at $122,273, having earlier this day registered a low of $117,790 and starting off around $118,015. Following a gradual rise, it experienced a substantial jump from $118,993 to reach its current valuation and achieved a new all-time high of $122,369.
Traders and analysts now focus on the $125,000 threshold. Some Russian cryptocurrency experts predict Bitcoin may even reach $135,000 by summer’s end.
Yan Pinchuk, who is the deputy head of exchange operations at crypto exchange Whitebird, suggested that Bitcoin could hit between $130,000 and $150,000 by year’s end, while cautioning that any correlation with the tech sector means a stock market correction could adversely impact the crypto market.
Meanwhile, Ethereum, currently priced at $3,028, has not only surpassed the $3,000 level but has managed to stabilize above it. After periodically approaching the $3,000 threshold, it briefly dipped to $2,955 before surging to an intraday high of $3,052.
Investor sentiment in the crypto market has significantly improved, now firmly situated within the greed zone. The Fear and Greed Index jumped from 67 yesterday to 70 today, marking its peak in over a month.
This level prompts caution among investors, indicating potential overconfidence that could lead to inflated prices.
Source: CoinMarketCap
On July 11, US BTC spot ETFs recorded substantial positive flows for the seventh consecutive day, amounting to $1.03 billion, following $1.18 billion in previous inflows.
BlackRock accounted for the largest share, bringing in $953.52 million, followed by Ark & 21Shares with $23.51 million.
In the ETH space, US ETFs have enjoyed inflows for six straight days, reflecting $204.82 million on Friday, with BlackRock again dominating this figure with $137.08 million, while Grayscale added $25.51 million.
Moreover, Metaplanet, one of the leading corporate holders of Bitcoin, has expanded its holdings by acquiring an additional 797 BTC for around $93.6 million at an average price of $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 $BTC acquired for ~$1.64 billion at ~$100,191 per bitcoin. $MTPLF pic.twitter.com/zFSH0WIima
— Simon Gerovich (@gerovich) July 14, 2025
In addition, SharpLink Gaming has bolstered its Ethereum inventory with a recent acquisition valued at approximately $49 million, bringing their total holdings to an estimated 270,000 ETH.
The Czech National Bank has entered the cryptocurrency space as well, acquiring its first shares in Coinbase worth $18.1 million during the second quarter of 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. pic.twitter.com/gx9be2eToa
— Satoshi Club (@esatoshiclub) July 13, 2025
Quick FAQ
Why did crypto move with stocks today?
The cryptocurrency market has been on an upward trajectory over the weekend and the past 24 hours, even as the US stock market saw declines on the last trading day. On Friday, the S&P 500 dropped by 0.33%, the Nasdaq-100 declined by 0.21%, and the Dow Jones Industrial Average fell by 0.63%. Fresh results will be available when the markets reopen today. The stock market has reportedly pulled back following recent tariff-related threats from US President Donald Trump.
Is this rally sustainable?
Analysts believe that the current rally has the potential for sustainability, indicating that the bull market could persist. While further price increases are anticipated this year, minor retracements and larger corrections are also deemed likely in the short term.
