Crypto market update: Bitcoin reclaims $120,000, Ethereum breaks past $3,600
2025-07-18 07:14:49
Main Idea
The cryptocurrency market is experiencing a significant rally, with Bitcoin reclaiming $120,000 and Ethereum surpassing $3,600, driven by regulatory developments and strong investor interest.
Key Points
1. Bitcoin (BTC) surged above $120,000, nearing its all-time high of $123,218, supported by bullish technical indicators like the MACD.
2. Ethereum (ETH) rallied over 21% this week, breaking past $3,600, with record ETF inflows and significant whale accumulation driving its price.
3. XRP hit a new all-time high of $3.66, signaling strong demand for altcoins amid the broader market rally.
4. The US House of Representatives passed the stablecoin bill, known as the Genesis Act, establishing a regulatory framework for US-dollar-pegged stablecoins.
5. Corporate interest in Ethereum is rising, with SharpLink Gaming becoming the largest known corporate ETH holder, amassing 111,000 ETH worth roughly $343 million.
Description
The cryptocurrency market has roared back to life, led by Bitcoin (BTC) and Ethereum (ETH), as the US House of Representatives passed the stablecoin bill, known as the Genesis Act, to establish a regulatory framework for US-dollar-pegged stablecoins. Bitcoin has reclaimed the $120,000 mark, while Ethereum has pushed past $3,600 amid renewed institutional inflows, bullish
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