BTC
$122,056.61
+
3.46%
ETH
$3,023.42
+
2.05%
XRP
$2.9196
+
4.55%
USDT
$1.0001
–
0.00%
BNB
$697.80
+
1.11%
SOL
$165.74
+
1.92%
USDC
$0.9997
–
0.00%
DOGE
$0.2063
+
3.61%
TRX
$0.3020
+
0.53%
ADA
$0.7520
+
1.71%
HYPE
$48.72
+
1.46%
XLM
$0.4708
+
6.92%
SUI
$3.8837
+
12.90%
LINK
$15.99
+
4.13%
HBAR
$0.2454
+
8.52%
BCH
$511.86
+
0.91%
WBT
$46.37
+
0.64%
AVAX
$21.70
+
1.81%
LEO
$9.0279
–
0.18%
SHIB
$0.0₄1370
+
3.64%
By Shaurya Malwa|Edited by Parikshit Mishra
Updated Jul 14, 2025, 6:26 a.m. Published Jul 14, 2025, 6:19 a.m.
- Bitcoin reached a new all-time high of $122,000, sparking a rally in the crypto market.
- Ether surpassed $3,000, driven by significant ETF inflows, while other major tokens like XRP and Solana also saw gains.
- U.S. legislative developments and macroeconomic conditions are influencing market sentiment, with potential for further price increases.
Bitcoin
extended its breakout to a new all-time high of $122,000 on Monday, triggering a broad crypto rally as ETF inflows, short liquidations, and policy optimism from Washington continued to buoy a bullish mood.
Ether (ETH) broke through $3,000, supported by $383 million in ETF inflows on Friday. Majors tokens have surged in the past week amid BTC’s strength.
STORY CONTINUES BELOW
XRP
trading near $2.95, up 30% on a weekly basis, Solana’s SOL reclaiming the $167 level, and dogecoin
jumping over 20%, fueled by retail rotations and memecoin chatter.
This mirrors patterns observed in previous cycles, where a BTC rally acts as a liquidity unlock for the broader market. If macroeconomic conditions hold and bitcoin stabilizes above $ 120,000, further upside in large-cap altcoins appears likely in the coming weeks, traders opine.
With the U.S. kicking off “Crypto Week” in Congress, a series of hearings aimed at making America the “crypto capital of the world,” traders are positioning for legislative tailwinds.
“Crypto prices benefited from the major melt-up fervor with BTC trading up to the high $118K area, liquidating over $1 billion in shorts,” said Augustine Fan, Head of Insights at SignalPlus, in a Telegram message.
“Market sentiment is likely to stay frothy into the summer, with the only real risk catalyst being a complete breakdown of tariff negotiations, but the ball is sitting with the President on how aggressive he wants to push his current hand,” Fan added.
Strong on-chain support at $109,000, along with cross-asset flows from equities into digital assets, is giving bulls more confidence. As Eugene Cheung, CCO at OSL, put it: “The trend remains bullish. We could see Bitcoin test $130K–$150K by year-end if macro winds cooperate.”
Meanwhile, equity-index futures in the U.S. and Europe retreated early Monday after Trump announced a 30% tariff on goods from the European Union and Mexico, escalating trade tensions that had already rattled Brazil, Algeria, and Canada last week.
S&P 500 contracts fell 0.4%, while Europe’s Stoxx 600 futures dropped 0.6% as of Asian morning hours. Silver gained to trade near levels last seen in 2011, suggesting broader market interest in hard assets.
Read more: Bitcoin, Ether Traders Bet Big With Tuesday’s U.S. Inflation Data Seen as Non-Event
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
