Crypto Market Updates This Week
The market rose sharply this week. BTC broke through the all-time high on July 11, reaching the range of $118,000 to $118,839. This was mainly due to short-covering and a surge in Bitcoin ETF inflows (a single-day net inflow of $1.18B, and a total of about $51B in 2025). The technical side formed a classic cup-handle breakout structure, and was confirmed by MACD momentum. Analysts expect that there is still about 14% room for growth in the future.
ETH rose by about 16% this week, reaching the $3,000 mark. Although the increase is stronger than most altcoins, it is still relatively lagging behind under the dominance of Bitcoin. Currently, the price of ETH is consolidating near the key resistance level of $3,050, and the long and short forces are stalemate in the short term. In the future, we need to pay close attention to the breakthrough of 3,100 USDT and whether the trading volume will increase accordingly.
This week's popular coins
In terms of popular currencies, BTC, XRP, XLM ETH and ADA all performed well. BTC price rose by 12.83% this week, breaking the historical highest price, and the current price is $122,960.65. XRP price rose by 30.9%, and the current market value is $175.7B. XLM price rose by 94.59% this week, with the highest price of 0.5154USDT.
US market and hot news
S&P 500 and Nasdaq hit record highs: On July 10, both the S&P 500 and Nasdaq set new closing records, driven by the continued efforts of technology giants and solid corporate earnings reports. Large-cap stocks lead, small-cap stocks underperform: So far this year, large-cap stocks have outperformed small-cap and mid-cap stocks, and funds have further concentrated on high-quality large-cap stocks.
U.S. House Financial Services Committee: July 14th is "Crypto Week" and will review multiple crypto bills
Popular sections and projects unlocked
RWA
Benefiting from the long-term advantages of the RWA market and its own powerful and scalable network, the price of ALGO has steadily risen from around 0.19 USDT, and has now broken through the 0.28 USDT mark and reached a high of 0.28823 USDT. The market broke through multiple key resistance areas and closed above the trend line, especially when breaking through key positions, accompanied by a significant increase in volume, indicating that buying power is active and the upward momentum is effectively supported by funds.
Sei (SEI) will unlock approximately 55.56 million tokens at 8:00 pm Beijing time on July 15, accounting for 1.00% of the current circulation and worth approximately US$18 million.
Starknet (STRK) will unlock approximately 127 million tokens at 8:00 am Beijing time on July 15, accounting for 3.53% of the current circulation, with a value of approximately US$17.6 million.
Official Trump (TRUMP) will unlock about 90 million tokens at 8:00 am Beijing time on July 18, accounting for 45% of the current circulation, with a value of about US$878 million
Risk Warning:
Use of BitMart services is entirely at your own risk. All cryptocurrency investments (including earnings) are highly speculative in nature and involve substantial risk of loss. Past, hypothetical or simulated performance is not necessarily indicative of future results.
The value of digital currencies may go up or down, and there may be significant risks in buying, selling, holding or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial situation and risk tolerance. BitMart does not provide any investment, legal or tax advice.
