Institutional Momentum and Alt-season Signals Align

The crypto markets have continued their bullish momentum, with Bitcoin holding near its all-time highs currently priced at $118,000, while ETH leads the market with a sharp repricing, hitting a new 2025 high of $3,800. The good times haven’t stopped there, with strong altcoins also ripping, most notably XRP, which reached a new all-time high of $3.60.

Bitcoin dominance is finally breaking down after a multi-year uptrend, and even a small dip has already sparked significant moves in high-conviction altcoins. If the trend continues, it could mark the beginning of a true alt-season, a shift that typically unleashes rapid capital rotation into riskier assets. We’re already seeing volume and on-chain activity surge across select ecosystems, signalling that smart money is beginning to reposition.

Bitcoin Dominance Chart

Total3 (Altcoin Marketcap) Chart

TOTAL3, which represents the total crypto market cap excluding BTC and ETH, is a chart we frequently use to identify altcoin breakouts. Since the beginning of July, it has been in an uptrend breakout and is now pushing toward all-time highs. Historically, breaks of previous ATH market caps in the altcoin sector have led to periods of explosive growth.

Weekly Price Update

America Advances Toward's Crypto Leadership

The approval of three major crypto bills through U.S. Congress marks a turning point for the industry. The GENIUS Act brings much needed legitimacy to USD-backed stablecoins by enforcing strict backing, audits, and transparency, addressing the risks that led to collapses like Terra Luna. This opens the door for mainstream adoption and gives regulated entities like banks a clear green light to participate. The CLARITY Act settles the decade- ong ambiguity around token classification. With clear framework for exchanges and developers to finally operate without fear of sudden enforcement actions, unlocking innovation and enabling more consistency across listings and compliance.

The Anti-CBDC Surveillance State Act sends a strong message that the U.S. is not pursuing a centrally controlled digital currency. This protects user privacy and ensures space for decentralised alternatives and private stablecoins to thrive. Together, these bills mark a major shift in U.S. crypto policy, replacing reactive crackdowns with proactive infrastructure building, removing legal uncertainty, boosting institutional confidence, and positioning the U.S. to lead the next phase of crypto innovation.

Trump Eyes 401(k)s To Fuel Crypto Adoption

President Trump is reportedly preparing an executive order that would open up the $9 trillion U.S. 401(k) retirement market to investments such as cryptocurrencies. If implemented, even a modest allocation, such as 1% or 2% (which BlackRock actually recommends), could channel around $90 billion into crypto, dramatically boosting liquidity and institutional interest. This development is arguably one of the most significant catalysts for crypto so far this year.

7 Day Sector Update: Strength Across All Narratives

This week saw a clear return of risk-on appetite in crypto, with most sectors and altcoins outperforming Bitcoin. As BTC dominance stalls and the Altcoin Total 3 chart breaks out, capital has rotated aggressively into higher beta assets. The Solana ecosystem came alive, benefiting memecoins, NFT apps, and DePIN projects tied to its resurgence. Meanwhile, Ethereum continues its upward push, bringing renewed momentum to Layer 2s, DeFi, and NFT infrastructure.

NFT Applications once again led the board with a 30.9% gain, as speculation and narrative strength stayed elevated following last week. Real World Assets (RWA) (+17.6%), Layer 1s (+17.1%), and Memecoins (+16.7%) also surged, driven by trader enthusiasm and continued rotation into trend narratives. AI tokens (+12.3%) held their ground following Nvidia’s rally, and DePIN (+16.2%) maintained strong interest as decentralised infra remains in focus. Bitcoin lagged at just +1%, but continues to provide the macro backdrop for broader market strength.

Record ETF Demand and Treasury Buys Signal New Market Phase

Crypto investment products just recorded a historic $4.39 billion in weekly inflows, the highest ever, marking the 14th straight week of net buying and pushing total assets under management to an all time high of $220 billion. While Bitcoin led with $2.2 billion in inflows, the spotlight belonged to Ethereum, which cleared its previous weekly record by nearly twofold, bringing in $2.12 billion and pushing its 2025 inflow total to $6.2 billion, already surpassing all of 2024.

Complementing this surge in ETF demand is the emerging wave of crypto treasury adoption, particularly among corporate entities accumulating ETH as a balance sheet reserve. Over the past 30 days, more than $1.6 billion worth of ETH, equivalent to 545,000 tokens, has been acquired by corporate treasuries, led by SharpLink and BitMine Immersion Technologies. SharpLink alone holds 255,000 ETH, worth over $960 million, positioning itself as the largest known ETH treasury. This mimics the early stages of the Bitcoin corporate treasury movement pioneered by Strategy. This trend will likely continue to drive Ethereum’s price forward, a catalyst we’ve been anticipating all year.

Strategic ETH Reserve Tracker Chart

Solana Flips $200, Eyes Next Leg Up

Solana has broken through key resistance levels we highlighted in our last Market Pulse update in Patreon and is now holding above $200, a strong technical and psychological milestone. This breakout has reignited momentum across the broader Solana ecosystem, with several SOL based tokens showing renewed strength. Solana continues to lead in user activity, and with meme coins resurging, the network remains one of the most vibrant in crypto.

We’re also beginning to speculate on the formation of Solana treasury positions, following the examples set by ETH and BTC. Combined with the growing likelihood of SOL ETF approvals in the near future, these are exactly the kinds of catalysts smart investors aim to stay ahead of. Just the anticipation has likely contributed to Solana’s recent move from $160 to $200, and the runway may still be long.

Solana Price Chart

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