Overview

• Bitcoin briefly climbed to an all-time high near $123,000 on July 14 before retracing about 5% to trade around $117,500 as investors booked gains.
• Spot Bitcoin and Ethereum ETFs secured $3.7 billion in inflows last week, pushing crypto fund assets under management to a record $211 billion.
• Wall Street-managed ETFs have contributed roughly $85 billion since January 2024, tightening supply and reducing Bitcoin’s volatility.
• The broader cryptocurrency market cap surpassed $3.8 trillion following Bitcoin’s rally, even as Ethereum holds above $3,000 but remains 4.6% below its level a year ago.
• The U.S. House of Representatives is set to debate and vote on the GENIUS Act, Clarity Act and Anti-CBDC Surveillance State Act this week to define federal digital asset rules.