Market Overview – July 28, 2025
The cryptocurrency market rallied this week, driven by improved global risk sentiment, record-breaking ETF inflows, and legislative momentum in the U.S. Bitcoin and Ethereum led the charge, while altcoins saw renewed interest on the back of falling BTC dominance. The global crypto market capitalisation stands at approximately $3.95 trillion, reflecting a 1.2% increase over the past week.
Top Cryptocurrencies Performance (as of July 28, 2025)
Bitcoin (BTC): $119,332 — up 0.95%
Ethereum (ETH): $3,806.82 — up 3.3%
Binance Coin (BNB): $716.40 — up 1.1%
XRP: $2.22 — up 1.9%
Cardano (ADA): $0.791 — up 2.4%
Solana (SOL): $181.77 — up 3.8%
Dogecoin (DOGE): $0.224 — up 1.2%
Polkadot (DOT): $4.47 — up 2.1%
Polygon (MATIC): $0.278 — up 1.6%
Litecoin (LTC): $104.89 — up 2.5%
Key Drivers Behind This Week’s Move
U.S.–EU Trade Deal Eases Macro Pressures:
The announcement of a tariff rollback between the U.S. and EU helped lift broader risk assets, benefiting crypto markets alongside equities.ETH ETF Inflows Set Records:
Spot Ethereum ETFs saw $1.85B in inflows — the second-largest weekly total on record — reinforcing confidence in ETH’s institutional adoption.Legislative Tailwinds in the U.S.:
The Senate advanced key crypto legislation (GENIUS Act and CLARITY Act), signaling a constructive tone on regulation and boosting investor sentiment.IPO Buzz Around BitGo:
Crypto custodian BitGo confidentially filed for a U.S. IPO, reflecting investor appetite for regulated infrastructure providers.Altcoin Momentum Builds:
As Bitcoin dominance declined, capital rotated into high-beta altcoins like SOL, AVAX, and MATIC, with some traders calling the start of a new “altseason.”
Investor Sentiment
The market’s Fear & Greed Index remains in the “Greed” zone, hovering around 70. Traders appear cautiously bullish, driven by a blend of macro clarity and strong on-chain activity across Ethereum and Solana ecosystems.
Conclusion
With Bitcoin holding firm near $120K and Ethereum regaining market leadership via ETF momentum, crypto continues to assert itself as a maturing asset class. U.S. policy progress and macro easing are setting the stage for a potential breakout — but investors should stay alert as volatility around token unlocks and regulatory interpretation could still shift sentiment quickly.
This Week in Crypto: Major Stories
Bitcoin nears $120K, Ethereum races toward $4K
The crypto market cap rose from $3.90T to nearly $3.95T in 24 hours, led by BTC moving above $119K (+1%) and ETH climbing ~3% amid robust ETF inflows and renewed risk appetite.The Cryptonomist+1Reuters+1Moneycontrol+4CoinDesk+4CoinCentral+4CoinCodexHistoric U.S.–EU trade deal fuels crypto rally
A new tariff rollback framework between the U.S. and EU sparked confidence across risk assets, helping drive crypto market gains.CoinCentral+1Financial Times+1Ethereum ETFs see $1.85B inflows
Spot ETH ETFs posted their second-biggest weekly inflows in history, continuing a strong institutional rotation into altcoins.The Wall Street Journal+15The Block+15The Economic Times+15Token unlock wave: $442M released across 24 projects
Unlocks including Avail, Venom, and AltLayer injected over $442M into the market, adding volatility and liquidity.Axios+3The Cryptonomist+3The Wall Street Journal+3BitGo confidentially files for U.S. IPO
Crypto custodian BitGo has filed privately to go public, signaling growing investor appetite for regulated infrastructure providers.VanEck España | Proveedor de ETF+15Reuters+15FN London+15Ex-Jefferies trader launching $70M crypto hedge fund
Tian Zeng will kick off Third Eye on August 1, targeting both crypto assets and equities like Coinbase and Strategy.FN London+1Investopedia+1AI-driven crypto scams up 456% globally
Fraud using deepfake tools and AI-generated voices has surged, costing victims billions and prompting increased investigator action worldwide.New York PostU.S. Senate advances detailed crypto legislation
Lawmakers progress on the CLARITY and GENIUS Acts with provisions clarifying tokens' legal treatment and investor disclosure mandates.Cryptonews+9Axios+9Wikipedia+9Regulatory tailwinds underpin new market narrative
Analysts compare BTC, ETH, and SOL to core infrastructure assets—gold, oil, and telecom—on expectations that GENIUS Act-driven stablecoin regulation could redefine crypto investing.Business Insider+1Wikipedia+1Cryptoweek momentum propels altseason rotation
With Bitcoin dominance dipping and Ethereum perpetuals open interest rising sharply, altcoins including SOL, XRP, and AVAX have gained renewed traction.Wikipedia+15Zerocap+15The Cryptonomist+15
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