Macro Overview
- US FOMC Meeting Minutes: The latest FOMC minutes show that while the U.S. economy and labor market remain strong, participants are growing more divided on the inflation impact of tariffs. Some expect short-term effects, while others are wary of lasting inflationary pressure. Despite current resilience, the Fed projects rising unemployment and inflation in H2 2025. A rate cut seems unlikely at the July 30 meeting, but signs point to potential dissents and growing support for a cut by September, aligning with market expectations. Trade policy uncertainty continues to weigh on the outlook.
Crypto Markets Overview
- Market Movement: This week, the crypto market experienced a 12.45% rise, bringing the total market capitalization to $3.77 trillion (A New ATH!). Notably, BTC saw a rise of 11.32% and ETH saw a rise of 18.48%. Bitcoin’s dominance stands at 64.59%, while Ethereum’s holds at 9.79%.
- Bitcoin Becomes 5th Largest Global Asset by Market Cap: Bitcoin has officially become the world’s fifth-largest asset by market capitalization, surpassing Amazon, Silver, and Google. With its price hitting around $122,000, Bitcoin’s market cap now stands at approximately $2.4 trillion. This milestone highlights the growing adoption and institutional interest in the asset. Only Gold, NVIDIA, Microsoft, and Apple remain ahead.
- Spot Crypto ETFs See Record Inflows, Total Bitcoin AUM Hits $158B: U.S. spot Bitcoin ETFs have crossed $158 billion in total assets under management, boosted by two consecutive days of over $1 billion in inflows. This marks the largest two-day inflow streak since inception. Meanwhile, spot Ethereum ETFs also hit a record for total net inflows, collecting over $1 billion across the last six sessions. This strong institutional demand is positive for the broader crypto market.
- Crypto Week’ Kicks Off: This week, several crypto-supportive bills are progressing through the U.S. House of Representatives, including a key bill on stablecoin regulation. If passed, it could soon reach President Trump’s desk. Another bill aims to define when a crypto token qualifies as a commodity. These developments signal growing political support for digital assets and could bring long-awaited clarity for institutions, potentially unlocking sidelined capital and accelerating mainstream adoption.
Top Altcoins Update
- SharpLink Expands ETH Holdings with Direct Foundation Purchase: SharpLink Gaming has deepened its Ethereum bet by acquiring 10,000 ETH directly from the Ethereum Foundation for $25.7 million. This strategic move boosts its total ETH holdings to over 215,000 ETH, now valued above $558 million. The firm says the purchase supports Ethereum’s long-term decentralization, as it continues to stake and restake ETH while reducing its circulating supply — a positive signal for the token and ecosystem.
- Story x World Partner to Verify IP Ownership Onchain: Story Network has partnered with World (the project behind World ID) to verify intellectual property (IP) ownership onchain. The collaboration aims to protect creators against AI-generated content misuse by allowing users to prove IP rights via World ID and set usage/payment terms within the Story Layer 1 ecosystem. This move strengthens authenticity and control in a time of rising identity and content spoofing.
- Ethereum Plans zkEVM Rollout for Layer 1: Ethereum developers have revealed a one-year roadmap to bring zero-knowledge proofs to the main chain via a Layer 1 zkEVM client. Initially optional, the client will allow validators to verify blocks using zk-proofs instead of re-executing transactions. With strict performance targets, the rollout aims to increase scalability and trust, potentially becoming mandatory once proven stable. This move is seen as a major upgrade toward full protocol-wide zero-knowledge support.
“Big Picture: Upcoming Weeks’ Key Economic Events”
| DATE | TIME | EVENT | USUAL EFFECT |
| Jul-15 | 6:00 PM | US CPI y/y | Actual’ less than ‘Forecast’ is good for crypto |
| Jul-16 | 6:00 PM | US PPI m/m | Actual’ less than ‘Forecast’ is good for crypto |
| Jul-17 | 6:00 PM | US Unemployment Claims | Actual’ greater than ‘Forecast’ is good for crypto |
Bitcoin Technical Analysis
Summary:
- The current sentiment around BTC is Bullish.
- BTC created a new all-time high this week and continues to look strong. Historically, July and August have been bullish months for BTC, and the trend is likely to continue upward. While minor pullbacks or consolidations may occur, they are expected to be healthy. If BTC stabilizes, we could see ETH and altcoin outperformance. Our outlook for next week remains bullish.
- Key support levels to consider are around $114000 (CME Gap), $111,670 and $105,700. On the upside, resistance level is at $125,000 and $130,000.
- It is advisable to evaluate potential entry points around the mentioned support levels for long entries and at resistance levels for short entries. Additionally, setting limits to manage potential losses is prudent.
- For profit-taking, strategically selling near the outlined resistance levels/support levels is a recommended approach. Always exercise caution and implement sound risk management practices in trading endeavours.
Ethereum Technical Analysis
Summary:
- The current sentiment around ETH appears Bullish.
- ETH outperformed BTC last week and remains strong, with the ETH/BTC pair holding up well. On the higher time frame, $4,000 remains the key liquidity level. For the short term, price action, patterns, and trend all suggest bullish continuation into next week.
- Significant support levels include $2785 and $2380, while resistance levels to watch are at $3310 and $3685.
- These levels play a crucial role in determining potential price movements. It is advisable to evaluate potential entry points around the mentioned support levels for long entries and at resistance levels for short entries. Additionally, setting limits to manage potential losses is prudent.
Solana Technical Analysis
Summary:
- The current sentiment around SOL is Bullish.
- SOL has reclaimed a key level and looks bullish in the short term, supported by overall positive market sentiment. However, traders should watch the RSI near the 78–80 range, where SOL has previously seen pullbacks. Our outlook for next week remains positive.
- Key support levels to consider are around $159 and $125. On the upside, resistance level is at $185 and $200
It is advisable to evaluate potential entry points around the mentioned support levels for long entries and at resistance levels for short entries. Additionally, setting limits to manage potential losses is prudent. - For profit-taking, strategically selling near the outlined resistance levels/support levels is a recommended approach. Always exercise caution and implement sound risk management practices in trading endeavours.
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