A whirlwind week in crypto! Bitcoin hits ATH, ETF inflows soar, and the US House declares 'Crypto Week.' Get the highlights and insights you need.
Week Review, July 7-13, Highlights: Crypto Market Surges to New Heights
The crypto world exploded between July 7th and 13th! Bitcoin smashed records, ETFs saw massive inflows, and the U.S. House declared a "Crypto Week." Buckle up; it was a wild ride!
Bitcoin's Unstoppable Rise
Bitcoin didn't just nudge past its old high; it obliterated it! We saw Bitcoin briefly surge past $112k on July 9th, fueled by anticipation of Fed interest rate cuts. But it didn't stop there. It blew past $113k on July 10th before reaching a new ATH of $118.7k on July 11th. Ethereum joined the party, too, surpassing the $3k mark. The rally had everyone wondering if the Altcoin Season was coming!
ETF Mania: Billions Flowing In
The SEC dropped a 13-page guidance document that's basically streamlining the crypto ETF approval process, potentially cutting the wait time significantly. Bitcoin ETFs pulled in a whopping $2.4 billion this week, and Ethereum ETFs weren't far behind, raking in $900 million.
Whales Are Accumulating
Japan's Metaplanet became the 5th biggest Bitcoin holder worldwide after adding 2,205 BTC. Crypto whales are swimming in it, withdrawing massive amounts of ETH from exchanges. Institutions and whales are scooping up ETH.
'Crypto Week' Declared
The U.S. House of Representatives declared the week of July 14 as "Crypto Week," to discuss and vote on key bills, including the CLARITY Act (crypto clarity), GENIUS Act (Stablecoin clarity), and Anti‑CBDC Surveillance State Act. These bills could reshape the digital asset regulatory landscape. Keep your eyes peeled!
Top Crypto Gainers This Week
While Bitcoin grabbed headlines, Memecore (M) was the real MVP, with an 800% plus rally! Stellar (XLM) also shone, with a 77% gain. Pudgy Penguin (PENGU) and FLOKI meme coin also did pretty well.
Neo Ecosystem Updates
While the broader crypto market was making waves, the Neo ecosystem had its own series of exciting updates. Neo announced its participation in Binance's "#BinanceTurns8" campaign. SpoonOS launched Developer Call Season 1, inviting developers to prototype AI-powered agents. Flamingo Finance released its roadmap for the second half of 2025, and nDapp added support for the Neo N3 to Neo X bridge.
Final Thoughts
What a week! From Bitcoin's record-breaking surge to the institutional buying spree and the advent of "Crypto Week," the crypto market is buzzing with activity. Now, if you'll excuse me, I'm off to check my portfolio... maybe it's time to buy a yacht?
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