Crypto Agenda – July 21, 2025
[vc_row][vc_column][vc_column_text]Bitcoin Trading at $119K While Crypto Market Cap Tops $4.03 Trillion
The crypto market, which closed last week with strong momentum and all-time highs, started the new week on a positive trajectory.
📊 Market Overview:
Despite a slight 1.7% pullback in the past 24 hours, the total crypto market capitalization has remained above the $4 trillion threshold. Bitcoin (BTC), after reaching a historic high of $123,150, opened the week trading near $119,000.
Significant movements have also been observed in Ethereum (ETH), with a weekly gain of over 25%, currently trading at $3,797 (+3.9% daily). XRP surged by 4.2% to $3.55, while Solana (SOL) rose 6.7% to $189.19.
🔍 Are you following the latest altcoin movements? Drop a comment with your top picks!
🪙 Institutional Activity: Spot ETF Inflows Soar
Heavy institutional interest has been observed through spot ETF inflows.
- Bitcoin ETFs recorded $2.39 billion in net inflows last week, continuing their six-week positive streak.
- Ethereum ETFs saw an all-time high with $2.18 billion in net inflows in just one week.
This trend is regarded as a major institutional validation of digital assets.
🇬🇧 UK Plans to Sell $7 Billion in Seized Bitcoin
The UK government has reportedly announced a plan to liquidate over 61,000 BTC—worth approximately $7.1 billion—as part of a strategy to reduce a £20 billion fiscal deficit.
The BTC in question had been seized in 2018 during a money laundering case involving Chinese citizen Jian Wen, who was convicted in 2024. A legal dispute has ensued between the UK authorities and Chinese victims, who are demanding that the BTC be returned instead of being transferred to the Treasury.
Analysts warn that such a large sale could exert downward pressure on Bitcoin prices, especially if executed suddenly. Crypto advocacy groups are urging the UK to retain these assets as part of a long-term economic diversification strategy.
⚠️ Should governments HODL or sell? Share your take!
⛽ Ethereum Gas Limit Raised Again
Ethereum’s gas limit per block has been increased once more, following validator signals favoring scalability improvements. On Sunday, some blocks saw gas limits raised to 39 million units, up from 36 million in February.
Currently, 48% of staked ETH resides on clients that target a 45 million gas limit or higher. Ethereum co-founder Vitalik Buterin endorsed this upgrade and highlighted the release of a new Geth version, which reduces archive node storage size by 90%, improving efficiency.
⚙️ Scalability or decentralization? The Ethereum community is at a crossroads.
🖼️ NFT Revival: Weekly ETH NFT Volume Hits $75M
Riding Ethereum’s price surge, the NFT market has shown signs of revival. Weekly NFT trading volume on Ethereum reached $75 million, the highest since mid-January. In comparison, only $18.3 million in volume had been recorded two weeks ago.
Meanwhile, Bitcoin-based NFTs also saw a rise, climbing from $11 million to $25.6 million. Polygon NFT activity slightly declined during the same period.
The rebound is being led by collections like Pudgy Penguins, whose token PENGU has been included in a new ETF application to the SEC by Cboe BZX Exchange. Another bullish signal came from a whale purchase of 45 CryptoPunks, sending the floor price up to $175,000.
📈 NFTs are back on the radar. Is the NFT winter finally over?
📈 Technical Analysis
Bitcoin (BTC/USDT)
Bitcoin attempted to break the $120,000 resistance last Friday, peaking at $119,800, but faced selling pressure that brought it down to $115,730. Currently, it is trading above $119,000 after a rebound over the weekend.
Key levels to watch:
- Resistance: $120,000
- Supports: $117,000, $115,000, with $112,800 as a lower target if selling accelerates.
RSI indicates near-overbought conditions, suggesting caution. Futures liquidations totaled $529M, indicating ongoing high leverage and speculative positioning.
On-chain data shows an increase in wallets holding 10+ BTC, while retail wallets were more active on the selling side. ETF inflows slowed slightly on Friday.
Ethereum (ETH/USDT)
Ethereum continues its strong upward momentum. After closing above $3,500 on Friday, it extended gains to $3,823, approaching a significant resistance zone.
- Resistance: $3,800–$3,850
- Supports: $3,700, $3,620
RSI at 68 shows possible short-term cooling. MACD remains bullish, and price is trading above all major moving averages. Staking and active addresses are increasing, confirming strong network participation.
Ripple (XRP/USDT)
XRP climbed from $2.76 to $3.66 over the weekend and now hovers around $3.55. The resistance zone lies between $3.55–$3.60, with a breakout possibly targeting $3.80.
Support levels: $3.40, $3.25.
RSI remains near 65, and on-chain data confirms accumulation by whale addresses holding over 1 million XRP, suggesting medium-term bullish sentiment.
🔮 Future Outlook
The coming days are expected to be shaped by:
- The pace of ETF inflows for both BTC and ETH
- Institutional sentiment amid macro events and rate guidance
- Legal developments in the UK Bitcoin sale case
- Progress on Ethereum’s gas limit and scalability roadmap
- Revival in NFT activity, which may bring retail back into the game
Short-term corrections may be seen due to overbought RSI readings, but broader technical and on-chain fundamentals continue to favor a bullish continuation.
📌 General Assessment
The crypto market has entered a high-momentum phase, led by record ETF inflows, network upgrades, and renewed interest in NFTs. Bitcoin’s resilience above $119,000, the Ethereum staking and gas updates, and institutional accumulation suggest that market maturity is advancing.
Looking ahead, any sharp Bitcoin price moves may be influenced by developments in the UK government’s BTC liquidation plan, which could create either price pressure or buy-the-dip opportunities.
Meanwhile, Ethereum’s technical evolution, including gas optimization and client upgrades, signals increasing capacity for handling dApp growth and Layer-2 synergy.
The NFT sector’s rebound—while still early—may signal a broader comeback in digital collectibles, especially if ETH remains strong and investor appetite continues to recover.
In summary, the crypto market appears poised for continued growth, albeit with occasional volatility driven by short-term catalysts.
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The investment information, comments and recommendations contained herein are not within the scope of investment advisory services.Investment advisory services are provided within the framework of an investment advisory agreement to be signed between brokerage houses, portfolio management companies, non-deposit accepting banks and the client.The comments and recommendations contained herein are based on the personal opinions of those who make comments and recommendations.These opinions may not be suitable for your financial situation and risk and return preferences.Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.[/vc_column_text][/vc_column][/vc_row]