Monday Morning Blockchain
14th July 2025
Market Overview
The cryptocurrency market experienced notable momentum this week, driven by Bitcoin breaking above $120K and the start of "Crypto Week" in the U.S. Congress. Legislative developments, institutional inflows, and global adoption narratives continue to fuel optimism. The global crypto market capitalization stands at approximately $3.82 trillion, reflecting a slight 0.11% dip over the past day.
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Top Cryptocurrencies Performance
Bitcoin (BTC): Trading at $122,428, up 3.86% over the past 24 hours
Ethereum (ETH): Trading at $3,026.39, up 2.25%
Binance Coin (BNB): ~$639, up 1.4%
XRP: ~$2.18, up 1.1%
Cardano (ADA): ~$0.73, up 1.6%
Solana (SOL): ~$172.44, up 2.8%
Dogecoin (DOGE): ~$0.217, up 0.9%
Polkadot (DOT): ~$4.31, up 1.5%
Polygon (MATIC): ~$0.245, up 1.2%
Litecoin (LTC): ~$98.32, up 2.4%
Notable Events Impacting the Market
Bitcoin Crosses $120K as U.S. 'Crypto Week' Begins
BTC hit a new all-time high, boosted by optimism around key U.S. legislative votes on crypto regulation, stablecoin oversight, and CBDC restrictions.Congress Kicks Off 'Crypto Week'
The House is expected to vote on multiple crypto-focused bills including the Genius Act, Clarity for Digital Tokens Act, and the Anti-CBDC Surveillance State Act.Tornado Cash Trial Begins
Co-founder Roman Storm is now facing trial in New York for facilitating over $1B in alleged illicit transactions, sparking debate around DeFi and privacy rights.ETF Inflows Surge Past $50B
Cumulative spot Bitcoin ETF inflows now exceed $50 billion YTD, with significant short liquidations adding upward pressure.China Eyes Offshore Yuan Stablecoin
Chinese tech giants are lobbying Hong Kong regulators to allow a yuan-pegged stablecoin, aiming to reduce reliance on USD-denominated tokens.Ripple Applies for U.S. Banking License
Ripple Labs seeks a federal banking charter and Fed master account, aiming to legitimize its RLUSD stablecoin platform.Tokenized U.S. Treasuries Top $7.4B
On-chain treasury markets continue to gain ground, as institutions diversify beyond traditional stablecoins.Andrew Bailey Warns Against Bank-Issued Stablecoins
The BoE governor supports tokenized deposits over proprietary bank-issued stablecoins, citing systemic risks.Top July Token Unlocks
Key unlocks this week include TRUMP, CIRX, and APX, which could impact short-term liquidity and price volatility.Crypto Conferences in Full Swing
Global events like ETHCC in Brussels, Web3 Berlin, and Bitcoin Alaska are driving industry engagement and announcements.
Investor Sentiment
Greed Returns: The Fear & Greed Index sits in the low 70s, reflecting growing bullish sentiment.
Eyes on Congress: Market participants remain cautiously optimistic, watching for outcomes from the U.S. legislative front this week.
Conclusion
Crypto markets are showing renewed strength, led by Bitcoin’s breakout and buoyed by institutional flows and regulatory tailwinds. The legislative developments unfolding during "Crypto Week" could mark a pivotal turning point—setting the stage for greater clarity, adoption, and price discovery. Stay tuned.
Meme of the week
