Cryptocurrency Prices Today: Ethereum at $3,049, XRP Up 5.61%, Bitcoin Soars to $121,166
Bullish momentum is evident in today’s cryptocurrency values, as Bitcoin hits fresh all-time highs above $121,000. At 10.29 AM on July 14, 2025, the worldwide market capitalization has increased by 3.03% to $3.78 trillion. Pro-crypto laws and increasing institutional usage are to blame for the spike.
The CEO of BuyUcoin, Shivam Thakral, explained the market’s optimism. “At 70 right now, the crypto fear and greed index indicates that the market is overheated and ready for a correction,” he said. However, according to the most recent data available, the single-day inflow into cryptocurrency funds on July 11 was an astounding $1.23 billion, with Bitcoin ETFs accounting for roughly $1.03 billion of that total.
Thakral succinctly summed up how the current cryptocurrency boom is being driven by the enormous infusion of institutional money as well as the hype around the US “Crypto Week.” Today marks the beginning of Crypto Week.
Crypto Price Today
Bitcoin (BTC) – $121,166.49 (+2.81%)
Over the course of the last day, Bitcoin has increased by 2.81% to reach $121,166.49, continuing its record-breaking run. The market capitalization of the biggest cryptocurrency in the world is currently $2.41 trillion. Its trade volume has surpassed $61.76 billion.
Bitget Research Chief Analyst Ryan Lee offered commentary on the rally. “With estimates that average around $125,000, the current Bitcoin price trend indicates a sustained bullish trend heading into Q3 2025,” he stated. A trading range of $105,000 to $150,000 is anticipated by analysts, with important
The levels of resistance and support are $130,000 and $108,500, respectively.
Following Bitcoin’s weekend breach above the crucial $119,000 resistance mark, the price spike has occurred. Strong bullish sentiment was indicated by the breakout, which resulted in almost $20 million in short liquidations in just one hour.
Ethereum (ETH) – $3,049.57 (+3.17%)
Ethereum has a market value of $368.13 billion and is currently trading at $3,049.57, up 3.17% over the past day. Growing institutional trust in Ethereum’s function in settlement and tokenization infrastructure is reflected in the rise.
According to Lee, ETH is expected to average $3,800 in Q3, with the possibility of rising to $5,000 if it can overcome the $3,700 resistance. There are still downside concerns, though; a fall in Bitcoin or a change in the regulatory environment might cause ETH to drop back to $2,700. Therefore, traders should keep a careful eye on macroeconomic events and be ready for fluctuations of 10–30%.
Is It the Start of Altseason?
XRP – $2.93 (+5.61%): With a market valuation of $173.29 billion, the token is still the third-largest cryptocurrency.
BNB (BNB) – $698.47 (+1.62%): Its market value is $97.29 billion at the moment.
Cardano (ADA) – $0.7631 (+5.79%): With a market valuation of $27.01 billion, ADA is leading the altcoin gains in today’s top ten tokens.
Solana (SOL) – $167.48 (+3.48%): SOL has a $89.80 billion market value.
DOGE, or Dogecoin, is down $0.2051 (+3.41%): Today, the market value of the well-known meme coin DOGE increased to $30.80 billion.
Tether – $1 (+0.02%) and USDC – $0.9997 (+0.02%)
With respective market capitalizations of $1.59 trillion and $63.47 billion, USDT and USDC remain stable. Andrew Bailey, the governor of the Bank of England, warned that stablecoins might jeopardize the foundation of the financial system.
Bailey recommended that rather than promoting CBCD or a “digital pound,” central banks should switch to tokenized deposits. Traditional financial institutions’ growing concerns about the growing importance of cryptocurrency are reflected in the governor’s remarks.
Key Market Drivers Impacting Crypto Prices Today
The following macro developments impacted crypto prices today:
This week, the US House of Representatives will vote on important legislation pertaining to cryptocurrencies. The Anti-CBDC Surveillance Act, the GENIUS Act, and the CLARITY Act are on the list. These actions may improve investor sentiment and seek to give the digital asset sector more transparent regulatory frameworks.
Inflation Concerns
The second half of 2025 is predicted to see a resurgence of inflationary pressure in the US, according to CITIC Securities. It might be influenced in part by updated tariff regulations. Notices of price increases have already been sent out by major US manufacturers and retailers. These could influence future policy decisions made by the US Fed.
The market is anticipating the Federal Reserve’s July 30 FOMC meeting and the July 16 CPI report. These two factors have the potential to alter monetary policy expectations for the second half of the year.
International Developments
In an effort to ease trade tensions, Thailand is considering imposing zero taxes on US imports, according to the country’s finance minister. In order to avoid a possible 36% tax, Thailand has until August 1 to reach an agreement with the US.
Retail Interest Lagging
Even while Bitcoin has hit consecutive all-time highs, there is still little interest from regular investors. Interest in “Bitcoin” on Google has not grown in tandem with price increases. This implies that the present surge is largely driven by institutions.
Altcoin Season Timing
After plunging as low as 15 on June 22, the Altcoin Season Index has now recovered to 32. The predicted cryptocurrency season, according to pundits, may not start until August or September. This will come after the US Federal Reserve has affirmed lowering interest rates.
Metaplanet Continues Bitcoin Accumulation
Market Outlook
Due to institutional acceptance, efforts to clarify regulations, and rising corporate treasury allocations, the cryptocurrency market is up today. The fact that Bitcoin broke beyond $121,000 is a noteworthy milestone, as analysts continue to have bullish targets for the rest of 2025.
Whether Bitcoin can maintain its momentum above $120,000 will be the main focus as the market moves into a new stage of price discovery. Additionally, it is unclear whether or not altcoins will start their seasonal rise in the upcoming months.
As the cryptocurrency market develops further, investors should keep an eye out for macroeconomic changes.
Disclaimer and Risk Warning
coinweck does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. coinweck should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.