Will the Crypto Market Break $4T This Week?

What’s Causing Today’s Crypto Market Shake-Up?

After hitting $4T with a 4.1% shift over the past day, the current global cryptocurrency market capitalization stands at $3.93 trillion. The total trading volume for cryptocurrencies in the last day was $297 billion. Bitcoin's dominance is 59.8%, while Ethereum's is 10.9%.

Crypto Market Fear and Greed Index:

Over the last 24 hours, the "Fear and Greed Index." Presently holding at 74 on a scale ranging from 0 to 100, the current crypto market sentiment reflects a sense of optimism. With a brief spike into Extreme Greed one week ago, the sentiment of the crypto market has remained steadily in Greed over the past month.

Most recent update on the Crypto Market:

• Bitcoin's 1.7% dip in 24 hours is due to profit-taking on recent gains, reduced derivatives activity, and mixed institutional signals.

• Ethereum's 24-hour price increase of +2.15% to $3,558 represents institutional ETF inflows, whale accumulation, and technical breakthrough confirmation.

• XRP rose 20% on July 18 when the U.S. House enacted crypto-friendly legislation (the GENIUS Act), but then reversed as traders locked in profits. XRP's 5.56% price decline in 24 hours is due to profit-taking following a regulatory-driven spike, technical overbought signs, and overall crypto market weakness.

• The XRP Ledger Ecosystem and Polkadot Ecosystem coins are currently the biggest winners in the cryptocurrency space.

• Over the past day, Vulpe Finance has dropped 6.36%. With a 24-hour trading volume of $167,991 USD, today's live Vulpe Finance price is $0.019198 USD.

• Chainbase (C) skyrocketed 135% in 24 hours as a result of its Binance integration and crypto-friendly US regulatory developments. The current chainbase price is $0.311099 USD.

• Pump.fun, Blackhole, and Ethereum are currently the top three trending cryptocurrencies. Pump.fun's price has changed by -18.4% in the last 24 hours, while Blackhole's has changed by 17.1% and Ethereum's has changed by -0.8%.

• Other well-known cryptocurrencies, including Solana ($SOL), Dogecoin ($DOGE), and Binance ($BNB), saw partial highs and lows.

Major Worldwide Crypto Market News Update:

• BREAKING: Block stock, $XYZ, surges over +10% on news that it will be joining the S&P 500.

• Following Trump's signing of the GENIUS Act , Tether announced plans to bring USDT to the United States via the foreign issuer route and develop a local stablecoin. Circle stated that the law supports their compliance methodology. Both CEOs attended the White House signing but did not interact.

• Bullish, backed by Peter Thiel, has filed for an IPO with the SEC and plans to list on the NYSE under the ticker "BLSH". Led by Tom Farley, Bullish was spun out of Block one and acquired CoinDesk in 2023.

• Block Inc., founded by Jack Dorsey, will join the S&P 500 index on July 23, 2025, replacing Hess Corp. after Chevron acquired it. The company is incorporating Bitcoin payment capabilities onto its Square terminals, underscoring Dorsey's long-standing support for Bitcoin.

• U.S. President Donald Trump has signed the GENIUS Act, the first government legislation to regulate stablecoins. The measure intends to establish a clear legislative framework for stablecoin issuance while also reinforcing the US dollar's worldwide supremacy.

• World Liberty Finance reported that WLFI trading has been cleared, and full activation is expected within 6 to 8 weeks. The team is currently working on platform listings, strategic collaborations, and fair unlock timings.

• MICHAEL SAYLOR: Bitcoin is the “only asset endorsed by a U.S. president in the 21st century.”

• Australia Approves First Bitcoin-Backed Home Loan After Court Win

• Bit Digital (Nasdaq: BTBT) revealed that it has acquired approximately 19,683 ETH with proceeds from its recent $67.3 million direct sale. The company presently has around 120,306 ETH and plans to build its ETH treasury.

After briefly reaching $4 trillion, the global cryptocurrency market is currently down slightly at $3.93 trillion. Bitcoin's decline due to profit-taking contrasts with Ethereum's increase due to institutional inflows. Overbought signals caused XRP to decline following the GENIUS Act rally. The crypto market Fear & Greed Index is still in Greed despite volatility, suggesting that investor optimism is still high. Tether's regulatory actions and Chainbase's 135% increase demonstrate bullish momentum in particular industries.

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments are for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.