Bitcoin Smashes $117K, Altcoins Surge, and Crypto Goes Mainstream in Wild Week

Cryptocurrency News Today: Market Updates & Analysis podcast.

Hey everyone, it’s Crypto Willy here, bringing you the freshest scoop on everything crypto for the week leading up to July 12, 2025. Buckle up, because the last seven days have been a wild ride in the digital currency world!

Let’s kick things off with the headline everyone’s talking about: **Bitcoin just smashed through a new all-time high**, trading above $117,500 after a 5.6% one-day jump. That puts Bitcoin’s year-to-date gain at about 15%, which is absolute fire compared to the S&P 500’s 7% climb. Institutional money keeps pouring in—$14.4 billion in net flows to spot Bitcoin ETFs so far this year, according to data from Farside Investors. This isn’t just traders chasing momentum: Bitcoin is being gobbled up as a treasury asset by companies and even by the U.S. government, with President Donald Trump recently establishing a strategic bitcoin reserve. Policy-wise, the Senate passed the GENIUS Act, marking major progress for crypto clarity in Washington.

Over on the **altcoin front, Ethereum’s showing fresh signs of life** after lagging earlier in the year. ETH jumped 6.5% this week to trade near $2,986, while meme legend Dogecoin posted the highest major-cap gain at 8.9%, landing at $0.1965. Notably, coins like Ethena and Sei exploded by more than 20%. On the flip side, Monero slid by 0.7%, but nearly every other top-100 coin is basking in green. The entire crypto market cap ballooned to $3.73 trillion, up a hefty 1.3% in just 24 hours, and total trading volume spiked to $231 billion. To put that in context, just a day earlier the market cap stood at $3.45 trillion. Talk about momentum!

Zooming out, the **macro backdrop is turbocharging risk assets**. The U.S. dollar is posting its worst performance since 1973, and with Trump’s 90-day tariff reprieve wrapping up, inflation risks are creeping back into focus. The Federal Reserve’s holding rates steady, but everyone’s watching for CPI jumps in the coming months. According to CoinShares, capital is shifting from retail exchanges into regulated ETF structures. Spot trading volume has actually dropped by 60% year-to-date, showing that institutions are buying to hold, not just to flip. Bitcoin’s liquid supply is down, with just 14% sitting on exchanges—down from 18% at the start of the year. For many, Bitcoin isn’t just speculative anymore; it’s turning into a macro-sensitive, institutionally aligned asset that could hedge against inflation and global uncertainty.

Regulatory news is also buzzing. The House of Representatives is gearing up for next week’s “Crypto Week,” with crucial bills like the CLARITY Act and the Anti-CBDC Surveillance State Act set for debate. Lawmakers are signaling they want to make America the global leader in crypto innovation, easing the pressure on firms after years of hostile policy and legal battles.

In the short term, technicals remain super bullish for Bitcoin, which is trading above all key moving averages. Eyes are on the $120K level as the next big resistance zone—if it breaks, you can expect a whole new flood of activity.

Thanks for tuning in to your weekly edition of Cryptocurrency News Today with me, Crypto Willy. Don’t forget to check back next week for more no-nonsense updates. This has been a Quiet Please production, and for more of me, surf on over to QuietPlease.ai. Stay sharp, stack sats, and see you soon!

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Episode Transcript

Speaker 1 (00:00):
Hey everyone, it's crypto Willie here, bringing you the freshest
scoop on everything crypto for the week leading up to
July twelfth, twenty twenty five. Buckle up, because the last
seven days have been a wild ride in the digital
currency world. Let's kick things off with the headline everyone's
talking about. Bitcoin just smashed through a new all time high,
trading above one hundred and seventeen thousand dollars after a

(00:22):
five point six percent one day jump. That puts Bitcoin's
year to date gain at about fifteen percent, which is
absolute fire compared to the S and P five hundred
seven percent climb. Institutional money keeps pouring in fourteen dollars
and four cents in net flows to spot bitcoin ETF
so far this year, according to data from Farside Investors.

(00:43):
This isn't just trader's chasing momentum. Bitcoin is being gobbled
up as a treasury asset by companies and even by
the US government, with President Donald Trump recently establishing a
Strategic Bitcoin Reserve. Policy Wise, the Senate passed the Genius Act,
marking major progress for crypto Clarity and Washington over on
the out coin front ethereum, showing fresh signs of life

(01:04):
after lagging earlier in the year. Ethie jumped six point
five percent this week to trade near two thousand, nine
hundred and eighty six dollars, while mean legend doge coin
posted the highest major cap gain at eight point nine percent,
landing at zero dollars one nine sixty five. Notably, coins
like Ethena and Say exploded by more than twenty percent.

(01:24):
On the flip side, Monaro slid by zero point seven percent,
but nearly every other top one hundred coin is basking
in green. The entire crypto market cap ballooned to three
dollars and seventy three cents, up a hefty one point
three percent in just twenty four hours, and total trading
volume spike to two hundred and thirty one million dollars.
To put that in context, just a day earlier, the

(01:46):
market cap stood at three dollars and forty five cents.
Talk about momentum zooming out. The macro backdrop is turbocharging
risk assets. The US dollar is posting its worst performance
since nineteen seventy three, and with Trump's ninety day terra
for preeve wrapping up inflation, risks are creeping back into focus.
The federal reserves holding rates steady, but everyone's watching for

(02:08):
CPI jumps in the coming months. According to coin Shares,
capital is shifting from retail exchanges into regulated etf structures.
Spot trading volume has actually dropped by sixty percent year
to date, showing that institutions are buying to hold, not
just to flip. Bitcoin's liquid supply is down, with just
fourteen percent sitting on exchanges, down from eighteen percent at

(02:31):
the start of the year. For many, bitcoin isn't just
speculative anymore. It's turning into a macro sensitive, institutionally aligned
asset that could hedge against inflation and global uncertainty. Regulatory
news is also buzzing. The House of Representatives is gearing
up for next week's Crypto Week, with crucial bills like

(02:51):
the Clarity Act and the Anti CBDC Surveillance State Act
set for debate. Lawmakers are signaling they want to make
America the global leader in crypt innovation, easing the pressure
on firms after years of hostile policy and legal battles.
In the short term, technicals remain super bullish for bitcoin,
which is trading above all key moving averages. Eyes around

(03:12):
the one hundred and twenty K level as the next
big resistance zone. If it breaks, you can expect a
whole new flood of activity. Thanks for tuning in to
your weekly edition of cryptocurrency News today with me Crypto Willie.
Don't forget to check back next week for more no
nonsense updates. This has been a quiet please production, and
for more of me, surf on over to Quiet please

(03:34):
dot Ai, stay sharp, stack SATs, and see you soon.