Recap
- President Trump signed into law the GENIUS Act, one of three landmark cryptocurrency bills that passed through the US House of Representatives last week. The CLARITY Act and the Anti-CBDC Surveillance State Act now move to the US Senate for further scrutiny and voting.
- XRP surged to a new all-time high last week, the highest in 8 years.
- Ether (ETH) soared >25% last week, exceeding $3,800, driven by institutional accumulation.
Top Gainers of Last Week
- CFX (Conflux) +114%
- XTZ (Tezos) +67%
- CRV (Curve DAO Token) +48%
Top Losers of Last Week
- PUMP (Pump.fun) -28%
- HYPE (Hyperliquid) -5.9%
- PI (Pi) -4.4%
Market Metrics
- Total Market Cap: $3.89T (+4.6% vs last week)
- Bitcoin Dominance: 60% (vs 63.8% last week)
- Fear and Greed Index: 67/100 (vs 68 last week)
- Alt Season Index: 56/100 (vs 33 last week)
This week, we'll be monitoring (all times UTC):
Tuesday, 22 July
Central banks
- 12:30: Fed Chair Powell Speech at a banking conference in Washington D.C. A dovish tone would likely lift crypto via renewed rate-cut expectations, while hawkish hints could cap near-term upside.
Government
- White House releases its first crypto policy report
Thursday 24 July
Central banks
- 12:15: European Central Bank (ECB) Interest Rate Decision. The ECB is expected to hold its deposit facility rate at 2.00%; traders will watch Lagarde’s tone and guidance for signs of further easing.
Friday 25 July
Economic data
- 08:00: German IFO Business Climate. The index has risen each month this year to 88.4 in June and may advance again in July, according to expectations.
