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The cryptocurrency market is experiencing an upward trend today, marking the third consecutive day of gains. Out of the top 100 coins by market capitalization, 98 have seen an increase in value over the last 24 hours. Concurrently, the overall cryptocurrency market capitalization has dipped by 0.3%, now standing at $3.88 trillion. The total trading volume in the crypto space is recorded at $172 billion.
TLDR:
Crypto Winners & Losers
The cryptocurrency market continues its positive trend, with all top 10 coins by market capitalization showing gains over recent days.
Bitcoin (BTC) has continued its upward trajectory. It not only reached another all-time high but also surpassed the $120,000 mark. The coin has increased by 3.7% within a day, currently trading at $122,273.
Simultaneously, Ethereum (ETH) has risen by 2.4%, now trading above the $3,000 level at $3,028.
The top performer in this category is XRP (XRP), which has increased by 5.3% to a price of $2.94.
Dogecoin (DOGE) ranks as the second-highest gainer, appreciating by 4.3% to $0.2075.
Among the top 100 coins, only two are showing losses. However, both have declined by less than 0.3%, indicating they are nearly unchanged. These are Gate (GT) and Leo Token (LEO), currently trading at $15.91 and $9, respectively.
Conversely, six coins have experienced double-digit increases, with two of them rising over 20%. Pudgy Penguins (PENGU) has surged by 28% to $0.02868.
Additionally, Algorand (ALGO) has increased by 21.7%, now trading at $0.2847.
The cryptocurrency market’s rise is attributed to ongoing and increasing institutional interest, along with favorable regulatory developments worldwide. Notably, ‘Crypto Week’ in the US commences today, during which lawmakers in the House of Representatives will examine three significant crypto 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
Interestingly, Bitcoin’s creator Satoshi Nakamoto is now the 11th wealthiest individual as Bitcoin surpassed $120,000.
If bitcoin performs its usual 50%/ann then Satoshi will surpass 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, remarked on Bitcoin’s ascent to a new high, describing it as a rally “increasingly characterized by institutional conviction, moving beyond retail speculation.” He stated:
“This isn’t a frenzied boom without foundation; rather, this is a calculated rise, supported by significant institutional players with a long-term perspective.”
The fundamentals that have bolstered BTC’s position as a hedge remain solid, with monetary policy still stringent and geopolitical tensions ongoing. “If rate pressures ease or policy shifts occur, there’s still potential for further growth.”
“However, the momentum observed over the last 48 hours is evident. It also signifies that Bitcoin is not only increasing in value but also establishing itself as a legitimate asset class that competes with traditional finance,” Rocca added.
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Furthermore, Nick Forster, Founder at decentralized on-chain options platform Derive.xyz, indicated that there is a 10% likelihood BTC will reach $150,000 by September 26 and an 11% chance it will exceed $180,000 by December 26. Additionally, there’s a 20% probability that ETH will hit $3,600 by September 26.
“Considering the fiscal environment, the rate outlook, and renewed ETF inflows, the market seems to be preparing for a significant upward movement,” Forster noted. “While volatility remains moderate compared to 2020-21, directional conviction is increasing, particularly in ETH. We are closely monitoring for confirmation of this trend in the upcoming week.”
Moreover, crypto exchange VALR co-founder and CEO Farzam Ehsani stated that while BTC’s all-time highs are thrilling, “what’s genuinely transformative is its potential for humanity: a borderless, politically neutral currency that restores financial sovereignty to individuals.”
Bitcoin is “a prospective global reserve currency, free from the manipulation observed throughout monetary history. As this vision materializes, Bitcoin’s price will rise significantly beyond current levels, albeit with fluctuations along the way,” Ehsani contended.
Levels & Events to Watch Next
At the time of this report, BTC is trading at $122,273. The coin initially traded around $118,015 earlier today, with an intraday low of $117,790. It gradually increased, then surged from $118,993 to its current price. During this period, it reached a new all-time high of $122,369.
Traders and analysts are now focusing on the $125,000 level. Additionally, Bitcoin may approach the $135,000 mark by the end of summer, according to Russian crypto industry experts.
Bitcoin Price Chart. Source: TradingView
Yan Pinchuk, the deputy head of exchange operations at the crypto exchange Whitebird, suggested that Bitcoin could “reach levels between $130,000 and $150,000 by year-end.” However, he cautioned that “given Bitcoin’s close correlation with the tech sector, a [US] stock market correction will likely lead to a temporary decline in the crypto market.”
Meanwhile, Ethereum is currently trading at $3,028. It has not only surpassed the $3,000 mark again but has also managed to maintain it. The price approached the $3,000 level earlier today but did not reach it. After dipping to $2,955, it surged to an intraday high of $3,052.
In addition, the sentiment in the cryptocurrency market has also improved, now comfortably situated in the greed zone. The Fear and Greed Index has risen from 67 yesterday to 70 today, marking its highest level in over a month.
This level serves as a cautionary signal for investors, but it may also indicate potential overconfidence, which could lead to inflated prices.
Source: CoinMarketCap
Furthermore, on July 11, US BTC spot exchange-traded funds (ETFs) recorded another significant positive inflow, marking the seventh consecutive day of inflows. They experienced inflows of $1.03 billion, following $1.18 billion.
BlackRock’s share is the largest by a significant margin, totaling $953.52 million, followed by Ark & 21Shares’ $23.51 million.
Additionally, US ETH ETFs have seen inflows for six consecutive days, with $204.82 million recorded on Friday. Again, BlackRock accounted for the majority of this amount, totaling $137.08 million, with Grayscale following at $25.51 million.
Meanwhile, Metaplanet, one of the leading corporate Bitcoin holders, has acquired an additional 797 Bitcoin for approximately $93.6 million at an average price of around $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
Additionally, SharpLink Gaming has increased its Ethereum holdings with a new acquisition valued at nearly $49 million. Market insiders estimate that the company now possesses around 270,000 ETH.
Moreover, the Czech National Bank (CNB) has broadened its cryptocurrency exposure by purchasing its first Coinbase shares, acquiring $18.1 million worth 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 a total of 519,950. pic.twitter.com/gx9be2eToa— Satoshi Club (@esatoshiclub) July 13, 2025
Quick FAQ
- Why did crypto move with stocks today?
The cryptocurrency market has continued to rise over the weekend and in the past 24 hours. The US stock market experienced a decline on the last trading day. On Friday, the S&P 500 fell by 0.33%, the Nasdaq-100 decreased by 0.21%, and the Dow Jones Industrial Average dropped by 0.63%. Fresh results will be available when the markets open today. The stocks declined, with some retreating from their all-time highs, following recent tariff-related threats from US President Donald Trump.
- Is this rally sustainable?
Analysts suggest that the rally is sustainable and that the bull market is likely to persist. Prices are expected to rise further this year. However, minor pullbacks and larger corrections are common. They are not only possible but likely to occur in the short term.
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