Bitcoin achieved an unprecedented monthly closing price of $116,480 in July, propelled by institutional adoption through spot ETFs and corporate treasury allocations. The cryptocurrency maintains a bullish trajectory with critical support at $112,000, as financial institutions increasingly favor regulated ETF products for Bitcoin exposure without direct custody requirements.
Ethereum celebrated its 10th anniversary amid substantial ecosystem growth, commanding over $80 billion in total value locked across DeFi protocols, stablecoins, and NFTs. The network has seen a 560,000% appreciation since inception, with momentum further buoyed by U.S. spot Ethereum ETFs recording 20 consecutive days of net inflows totaling $5.43 billion in July—contributing to a 55% year-to-date price surge.
Altcoins faced broad market pressures with a 7.5% aggregate capitalization decline. Memecoins $BONK and $FARTCOIN suffered significant losses of 22% and 30% respectively, while select tokens like $IP bucked the trend with 12% gains during the period.