Hotcoin Research Market Insights | July 21–25, 2025

Cryptocurrency Market Performance

The total cryptocurrency market cap currently stands at $3.79 trillion, with BTC dominance at 60.7% ($2.3 trillion). The stablecoin market cap is $265.2 billion, up 1.73% over the past seven days, with USDT accounting for 61.8%.

Market Trends (July 21–25)

Among CoinMarketCap’s top 200 projects, most declined while a few surged:

• CFX: +64.49% (7D)
• ENA: +26.03% (7D)
• PENGU: +25.49% (7D)
• ZBCN: +38.53% (7D)

ETF Flows (Week of July 21–25):

• U.S. Bitcoin Spot ETFs: $73.2M net inflow
• U.S. Ethereum Spot ETFs: $1.846B net inflow

Market Outlook

Stablecoin issuance continues to grow, and Ethereum spot ETFs recorded significant inflows. Altcoins extended last week’s rally, while BTC and ETH traded range-bound. The RSI (40.29) signals weakness, and the Fear & Greed Index (71) dipped from last week.

Forecast (July 28 — August 1)

• BTC: Break above $120K could target $125K; drop below $115K may test $112K support.
• ETH: Support at $3,500, upside target $4,000.
• Alts: Another rally likely if BTC/ETH remain strong.

Weekly Recap

Key Events

1. Trump signed the Genius Act, mandating stablecoins to be backed by U.S. Treasuries and banning CBDCs.
2. Deutsche Bank report: Stablecoins could become a pillar of U.S. debt demand, potentially reaching $1T by 2028.
3. ETH staking APY rose to 4.2% amid surging demand.
4. U.S. House advanced ETF physical settlement reform, cutting operational costs by 40%.
5. Ethena’s USDe supply hit a record 6.038B on July 20.
6. SEC Chair Paul Atkins stated ETH is not a security (July 22).
7. FTX froze $470M in overseas claims, facing creditor backlash (July 22).
8. SEC approved Bitwise 10 Crypto Index ETF (covering BTC, ETH, XRP, SOL, ADA, SUI, LINK, AVAX, LTC, DOT) (July 23).
9. U.S. initial jobless claims fell to 217K (vs. 226K expected) (July 24).
10. Christie’s subsidiary launched crypto real estate division (July 25).

Macro Highlights

1. Fed rate pause probability: 95.3% (July 21, CME FedWatch).
2. Trump pushed for 1% rates, threatening to replace Powell.
3. ECB held rates steady (deposit rate at 2%) after seven consecutive cuts (July 24).

ETF Updates

• U.S. Bitcoin Spot ETFs:
• Net inflow (July 21–25): $73.2M
• GBTC outflows (total): $23.54B (current holdings: $21.329B)
• IBIT (BlackRock) holdings: $86.111B
• Total AUM: $152.202B
• U.S. Ethereum Spot ETFs: $1.846B net inflow.

Upcoming Events

Conferences

1. Ethereum Decade Summit (July 30, Shanghai) — Hosted by Wanxiang Blockchain Lab.
2. GOAT Network Global Tour (July 31, Chengdu) — Focus: BTC-native yield strategies.
3. MEET48 x SNH48 Web3.0 Global Idol Awards (Aug 2, Hong Kong).
4. WebX Asia 2025 (Aug 25–26, Tokyo).
5. Coinfest Asia 2025 (Aug 21–22, Bali).
6. Bitcoin Asia 2025 (Aug 28–29, Hong Kong).

Project Updates

1. Hashdex’s BTC-Gold ETF (GBTC11) launches in Brazil (July 29).
2. Binance supports LOKA → A2Z token swap (July 30).
3. Ethena Labs’ USDe pool (60x rewards) expires July 31.
4. Arbitrum’s Kinto plans fund recovery by July 31.
5. Worldcoin extends unclaimed WLD deadline to July 31, 2025.

Economic Calendar

• July 30: U.S. ADP Employment, Canada Rate Decision.
• July 31: Fed Rate Decision.
• Aug 2: U.S. Nonfarm Payrolls & Unemployment Rate.

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About Us

As the central research hub of the Hotcoin ecosystem, Hotcoin Research delivers professional analysis and forward-looking insights for global crypto asset investors. We have established a comprehensive three-pronged service framework — trend analysis, value discovery, and real-time tracking — integrating in-depth cryptocurrency industry trend research, a multi-faceted project evaluation framework, and 24/7 market monitoring.

These services are further enhanced by our biweekly Emerging Coin Selection Live Strategy Sessions and daily blockchain headlines updates, offering precise market insights and actionable strategies tailored for investors of all experience levels.

By leveraging advanced data analytics models and a robust industry network, we empower novice investors to build a solid understanding of the market while helping institutional players identify and capture alpha opportunities.

Together, we navigate the rapidly evolving crypto landscape, leveraging data-driven decision-making and strategic resource integration to seize value-growth opportunities in the Web3 era.

Risk Disclaimer

The cryptocurrency market is highly volatile, and all investments carry inherent risks. We strongly advise investors to thoroughly assess these risks and adhere to a strict risk management framework to safeguard their funds.

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