House approves GENIUS Act, signifying a major milestone for cryptocurrency and stablecoins in the US

House approves GENIUS Act, signifying a major milestone for cryptocurrency and stablecoins in the US

Cryptocurrency Market Soars in July 2025

In the dynamic world of cryptocurrency, July 2025 has proven to be a month of significant growth and development. Bitcoin, Ethereum, Ripple, and other popular digital assets are experiencing robust market movements, driven by strong investor interest, technological upgrades, and favourable macroeconomic conditions.

Bitcoin (BTC) has reached new all-time highs above $123,000, fueled by dollar weakness, inflation concerns, and recent pro-crypto legislation in the U.S. House of Representatives during July’s "Crypto Week." Institutional investment products such as Ethereum exchange-traded products (ETPs) are also driving capital rotation in the market, contributing to Bitcoin’s strong performance and slightly reduced dominance relative to Ethereum.

Ethereum (ETH) has seen strong investment inflows, with $2.2 billion entering ETH ETPs in July. This support has contributed to ETH/BTC outperformance. Price levels have been tested around $3,500, which analysts view as a potential springboard for further rallies amid growing interest in decentralized finance (DeFi) and smart contract upgrades.

Ripple (XRP) has been volatile but bullish overall, recently trading around $3.17 after hitting a yearly high of about $3.63. XRP surpassed $3.50 resistance levels, fueled by investor optimism from regulatory clarity related to the GENIUS and Clarity Acts. Experts anticipate potential new highs for XRP in the near term.

Cardano (ADA) is approaching the $1 mark, with a price near $0.92. Significant whale activity, including numerous transactions over $1 million, has driven momentum. Market analysts predict that ADA could cross $1 imminently and label it a strong buy along with Stellar (XLM).

Litecoin (LTC) and Monero (XMR) have not been specifically highlighted with recent big moves or price points in the provided sources, but they remain established coins with steady interest in the crypto market.

Other altcoins have gained heavily in July 2025 due to both technological improvements and hype. Notable gainers include PENGU (+290%), CFX (+170%), BONK (+140%), ENA (+105%), and CRV (+85%).

Market trends show a high level of volatility coupled with strong bullish sentiment and investor confidence, especially following Bitcoin’s historic surge and recent legislative support in the U.S. The approaching August period is expected to maintain high activity and potential for breakouts.

For detailed, up-to-date price charts and live market data, specialized cryptocurrency platforms like CoinCodex, CryptoNews, and VanEck’s official reports provide continuous updates and technical analyses.

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Decentralized finance (DeFi) is attracting growing interest in the crypto market, as potential springboards for rallies are being tested in Ethereum (ETH) at price levels around $3,500. The bullish market trend is also fueling investments in blockchain technology, such as Cardano (ADA) approaching the $1 mark.

Investors are looking beyond Bitcoin (BTC) and Ethereum (ETH) to capitalize on other cryptocurrencies, with notable gainers like PENGU (+290%), CFX (+170%), BONK (+140%), ENA (+105%), and CRV (+85%) experiencing significant price increases.

While Bitcoin (BTC) and Ethereum (ETH) are dominating discussions, established coins like Litecoin (LTC) and Monero (XMR) remain staples in the crypto market, maintaining steady interest and position.

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