Here's an overview of key cryptocurrency market developments from the past week. The period was marked by sustained institutional interest in digital assets and new price records being set.
Key Asset Performance
Bitcoin Hits All-Time Highs
Bitcoin closed June at $107,100, setting a new monthly closing record. This marks the third consecutive month in 2025 with closes above $100,000. The weekly close on July 6 also set a record at $109,240, representing a 1.8% gain for the first week of July.
Despite forming a "spinning top" technical pattern (typically indicating market uncertainty), analysts maintain positive outlooks for further developments.
Institutional Adoption
Corporate Investments Reach Peak Levels Between June 30 and July 4, 54 companies added 8,400 BTC to their treasuries - the most active week for institutional adoption this year.
Major transactions: -Figma invested $69.5 million in Bitcoin (843 BTC) per S-1 filings -MicroStrategy acquired an additional 4,980 BTC worth $531.9 million -Metaplanet increased holdings by 2,205 BTC, bringing its total to 15,555 Bitcoin
Purchase structure: 18 companies made direct purchases (7,591 BTC), 14 announced future accumulation plans, while others raised capital or began transitioning to Bitcoin treasury strategies.
Regulatory Developments
SEC Approves Grayscale Proposal
On July 2, the U.S. Securities and Exchange Commission officially approved Grayscale's application to convert its Digital Large Cap Fund into an ETF. The fund includes Bitcoin, Ethereum, XRP, Solana and Cardano. This decision significantly increases likelihood of a spot XRP ETF launching in Q3.
Tax Initiatives Senator Cynthia Lummis proposed eliminating taxes on small-scale cryptocurrency transactions as part of a major budget bill.
Bitcoin Growth Forecast
Bitwise Predicts Significant Rally
Bitwise analysts anticipate Bitcoin reaching $136,000 in July (+30%). This projection is based on three factors:
- Historical patterns: Bitcoin typically recovers after geopolitical shocks (averaging +31% over 50 days)
- Institutional demand: Corporations are acquiring more coins than miners produce
- Global monetary easing: G20 central banks have cut interest rates over 50 times this year
10X Research Analysis
10X Research analysts indicate a high probability of 9% July growth based on historical data. Bitcoin has shown positive returns in 7 of the last 10 Julys.
Technology UpdatesTechnology Updates
Blockchain Network Upgrades On June 30, BNB Chain activated the Maxwell hardfork on its mainnet, reducing block generation time to 0.75 seconds to improve throughput.
Zilliqa launched a new staking platform at stake.zilliqa.com featuring instant staking/unstaking with initial yields of 55.85%.
Current Market Conditions
Bitcoin is trading between $107,600-$108,400, with total crypto market capitalization at $3.31 trillion. Ethereum maintains levels above $2,500.
The presented data demonstrates continuing institutional cryptocurrency interest and potential for further near-term market growth.
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