Between July 14 and 20, 2025, the cryptocurrency market exhibited significant activity driven by record price levels, institutional interest, and key regulatory developments. The total market capitalization rose to $3.9 trillion, marking a 0.91% daily increase by July 20. Below is an overview of the major events based on verified sources.
Bitcoin’s Record Highs and Market Trends
Bitcoin reached a new all-time high, surpassing $120,000 on July 14 and later climbing to $123,000 before stabilizing around $120,000. This surge was fueled by expectations of favorable regulatory changes in the U.S. and an influx of institutional investments. Bitcoin’s total market cap exceeded $2.4 trillion, allowing it to overtake Amazon by this metric.
The overall cryptocurrency market cap stood at approximately $3.88 trillion on July 14, with a daily trading volume of $172 billion. By July 20, it reached $3.9 trillion. Analysts note that the current uptrend is stable, though short-term corrections remain possible. The Fear & Greed Index rose to 70 points, reflecting heightened investor optimism.
Regulatory Developments: "Crypto Week" in the U.S. Congress
From July 14 to 20, the U.S. House of Representatives held "Crypto Week"—a series of debates on three key bills aimed at regulating the industry.
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GENIUS Act: Regulates stablecoins by mandating 1:1 reserve backing, transparent audits, and systemic risk prevention measures. The bill passed the Senate with 68 votes in favor and is designed to attract institutional investment.
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CLARITY Act: Clarifies whether crypto assets are classified as commodities (under CFTC jurisdiction) or securities (under SEC oversight), resolving long-standing regulatory uncertainties.
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Anti-CBDC Act: Prohibits the Federal Reserve from issuing a central bank digital currency (CBDC) to protect citizens' privacy.
Experts believe these initiatives could bring additional investment and stabilize the market. By July 17, all three bills were approved by the House and sent to the President for signature.
Token Unlocks and Potential Volatility
The week saw several major token unlocks totaling over $1.1 billion, which could increase market volatility. Key events included:
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TRUMP token unlock ($455 million, 5.05% of supply) on July 18.
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CIRX unlock ($187 million, 4.45%) on July 12—though outside the period, it still impacted the market.
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Other projects, such as SUI, APT, and ARB, with combined unlocks of around $442 million between July 21–28, including Solana ($85 million) and Dogecoin.
Analysts warn of potential price pressure due to sell-offs
Performance of Major Cryptocurrencies
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Ethereum (ETH): Surpassed $3,000, reaching $3,059 by July 14 (up 2.4%). By July 20, the price hit $3,756.99, with a daily gain of 6.03%.
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XRP: Rose 5.3% to $2.94 on July 14 but dropped 8% to $2.78 by July 15 due to resistance at $3. Volatility spiked to 13% amid "Crypto Week."
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Dogecoin (DOGE): Gained 4.3%, reaching $0.2075. Other Assets: Pudgy Penguins (PENGU) surged 28% to $0.02868, while Algorand (ALGO) rose 21.7% to $0.2847. Among the top 100 coins, 98 posted gains.
Institutional interest intensified, with spot Bitcoin and Ethereum ETFs recording inflows of $1.03 billion and $204.82 million, respectively. Companies like Metaplanet and SharpLink Gaming increased their Bitcoin and Ethereum holdings.
Summary and Outlook
The week was marked by optimism due to record prices and regulatory progress, though token unlocks added uncertainty. Analysts predict Bitcoin could rise to $200,000–$250,000 by year-end if current trends hold. Investors are advised to monitor regulatory updates and market volatility for informed decision-making.