Crypto Markets Hit New Records With Bitcoin ATH And XRP Breaking Seven Year High Amid Regulatory Breakthrough
Bitcoin reached a new all-time high of $123,218 during the week of July 14-20, 2025, before experiencing a correction that brought prices down to approximately $118,200. According to Incrypted, the weekly gain remained modest at 0.6% due to the pullback following the peak. The milestone occurred during what industry observers called "Crypto Week" in Washington.
XRP achieved an even more remarkable breakthrough, reaching $3.65 on July 18, surpassing its previous record of $3.40 set in January 2018. The token gained over 20% in a single day, breaking through a seven-year resistance level. Market data shows XRP's market capitalization exceeded $200 billion, allowing it to overtake Tether as the third-largest digital asset by market value.
The cryptocurrency market's total capitalization crossed $4 trillion for the first time, approaching the valuation of Nvidia, which was valued at approximately $4.2 trillion at the time. Bitcoin's rise also allowed it to surpass Amazon in global asset rankings by market capitalization, securing the fifth position among the world's most valuable assets.
Trump Administration Delivers Historic Crypto Framework
President Donald Trump signed the GENIUS Act into law on July 18, 2025, creating the first federal regulatory framework for stablecoins in United States history. The White House confirmed the legislation requires 100% reserve backing with liquid assets like U.S. dollars or short-term Treasuries. Stablecoin issuers must provide monthly public disclosures and comply with strict anti-money laundering requirements.
The GENIUS Act passed the House with a 308-122 vote after the Senate approved it 68-30 in June. The legislation establishes clear boundaries for which digital currencies qualify as stablecoins and allows banks, credit unions, and non-bank entities to issue dollar-pegged digital assets. Companies must demonstrate technical capabilities to freeze or seize stablecoins when legally required.
Trump called the signing "a massive validation" for the crypto community during the White House ceremony. The administration positions this legislation as strengthening the U.S. dollar's global reserve currency status by driving demand for U.S. Treasuries. Two additional crypto bills, the Digital Asset Market Clarity Act and Anti-CBDC Surveillance State Act, await presidential approval.
Institutional Investment Accelerates Market Growth
Corporate adoption of cryptocurrency treasury strategies gained momentum during July 2025. CoinDesk reported that Bitcoin ETFs recorded $1.18 billion in inflows on July 11, marking their largest single-day inflow of 2025. Spot Bitcoin ETFs have attracted $14.4 billion in net inflows year-to-date.
SharpLink Gaming emerged as the largest corporate Ethereum holder, increasing its stock sale program from $1 billion to $6 billion to fund additional purchases. The company holds over 353,000 ETH worth approximately $1.1 billion and has committed 100% of its holdings to staking protocols. Between June 2 and July 15, SharpLink generated 415 ETH in staking rewards.
Strategy, formerly MicroStrategy, expanded its Bitcoin reserves to 601,550 BTC after purchasing 4,225 additional coins for $472.5 million. The average purchase price reached $111,827 per Bitcoin. Other publicly traded companies following similar treasury strategies include Bit Digital, which announced plans to invest $67.3 million in Ethereum.
Ethereum spot ETFs experienced their largest single-day inflow of $726.74 million on July 16. Monthly inflows for July reached approximately $2.27 billion, demonstrating increased institutional confidence in the second-largest cryptocurrency.
Further Reading
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