Bitcoin peaked to $122k on July 14th, 2025. The sudden spike in price of Bitcoin was a result of the huge inflow of Bitcoin ETF transactions.
Furthermore, the U.S. House of Representatives is set to debate several bills aimed at establishing a long-awaited regulatory framework for the digital asset industry. This move, driven by US president Donald Trump’s aim to be the crypto president, has captured investors’ confidence.
According to some crypto experts, the market entered a mini altcoin season with altcoins up 98%.
As per the CMC chart, there is a slight movement on the season chart. Altcoin season is not here yet, but the movement on the chart definitely signals one.
Crypto Market Capitalization Up By 4%
The crypto market cap reached $3.81 Trillion and 99 out of 100 top altcoins have appreciated in the last 24 hours. Bitcoin recorded 12.15% uptick in the last 7 days and ~7% in the last 24 hours. Besides Bitcoin’s rally, ETH climbed 3.17% just in the last 24 hours. (Note that Ethereum is the second largest crypto by market cap and holds 9% of total dominance in the crypto market. Further, major altcoins including Solana, Ripple, Dogecoin saw at least 3% increase in the last 24 hours.
Besides the price and volume uptick, the fear and greed index is at 74, indicating a greed zone. Prominent analysts like Arthur Hayes mentioned that as Bitcoin highs get into the consolidation phase the capital will then start rolling into altcoins.
Bitcoin Bulls Should Lead Into Altseason
Bitcoin’s unprecedented institutional adoption has revived the crypto market since January 2025. The overall market saw multiple bull traps after Bitcoin ETFs were filed by multiple organisations like BlackRock, Fidelity, Grayscale and Ark Invest.
In addition to institutional adoption of Bitcoin, retail adoption continues as companies like Emirates partner with Crypto.com to facilitate cryptocurrency payments, boosting the crypto market.
