The crypto market saw a strong bullish trend this week, with Bitcoin (BTC) rallying more than 10% to close around $94,000. This impressive surge fueled optimism among traders and investors worldwide.
Currently Bitcoin Price trading at $94,038.99 as per Coinpedia Market data.
For a more detailed Bitcoin price prediction 2030, check out our full analysis!
Several positive developments contributed to Bitcoin’s rise:
Japan’s Metaplanet acquired an additional 330 BTC.
Renowned author Robert Kiyosaki predicted Bitcoin could reach $180,000 to $200,000 by 2025, adding to the market's excitement.
Bitcoin futures open interest (OI) topped $64 billion, according to Coinglass data.
U.S. spot Bitcoin ETFs attracted $3 billion in inflows this week.
Together, these events highlighted a growing market interest in Bitcoin and boosted overall investor sentiment.
Altcoins Follow Bitcoin's Bullish Momentum
Major altcoins also enjoyed strong gains over the past week:
Ethereum (ETH) rose by over 11%, closing near $1,800. This rally was largely driven by significant whale activity, with large investors reportedly buying $100 million worth of ETH.
Solana (SOL) gained nearly 4%, trading around $146.
XRP climbed more than 4%, reaching $2.16.
The broader altcoin market mirrored Bitcoin's bullish trend, fueled partly by Donald Trump's recent remarks suggesting a potential delay in certain tariffs, which sparked optimism in global markets.
Meme Coins Join the Party
It wasn’t just the major coins that saw gains. Meme coins also had an outstanding week:
Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) prices surged between 12% and 21%.
This unexpected rally in meme coins added even more excitement to the overall crypto market momentum.
Overall, the past week painted a positive picture for the crypto market. With Bitcoin leading the charge and altcoins quickly following, traders are entering the new week with renewed optimism. Let's dive into the top crypto news that happened this week.
Top Crypto News This week
1️⃣Paul Atkins pledged U.S. would become safest country globally for crypto business.
2️⃣Ondo Finance discussed tokenized securities compliance with SEC’s Crypto Asset Task Force.
3️⃣$TRUMP project invited top 220 token holders for dinner with Donald Trump.
4️⃣Cantor Fitzgerald, SoftBank, Tether, Bitfinex collaborated to launch $3-billion Bitcoin investment fund.
5️⃣Coinbase’s John D’Agostino revealed sovereign wealth funds heavily accumulated Bitcoin in April.
6️⃣Fidelity reported Bitcoin exchange supply dropped to lowest since November 2018 levels.
7️⃣Strategy purchased 6,556 Bitcoins between April 14–20, portfolio exceeded $50 billion.
8️⃣Spain’s Hesperides University launched first all-Spanish online Bitcoin master’s program worldwide.
9️⃣Bybit CEO said 68.57% stolen funds traceable, 27.59% untraceable through mixers.
🔟Ethereum Foundation announced global celebrations for Ethereum Genesis Block’s 10th anniversary, July 30.
That's it for today! Thanks for reading. Stay tuned for our weekly updates. Have a great weekend!😀
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