Bitcoin's $109K Splash, ETF Boosts, and Crypto Week in Congress: Your Mid-July Market Update
Cryptocurrency News Today: Market Updates & Analysis podcast.Hey crypto fam, Crypto Willy here with your must-know rundown of this week’s wild ride in the world of digital currencies. Buckle up—we’ve got whale splashes, ETF green lights, and fresh moves from the regulators, all shaping the pulse of the crypto market as we speed into mid-July 2025.Let’s start with the headline grabber: Bitcoin nearly hit $109,000 this week. That’s right—after several days chilling around $108K, some mega-wallets (a.k.a. whales) splashed in and stirred up $15 billion worth of BTC, according to Quidax. Talk about making waves! But before you FOMO, know this: there’s no proof these whales are dumping just yet. The market’s skeptical but buzzing as everyone wonders—how high can Bitcoin go this summer?Institutional action is still strong. BlackRock’s iShares Bitcoin ETF zoomed past $72 billion in assets under management, with BlackRock, Fidelity, and Grayscale all reporting inflows. Even as retail interest chills out a bit, the big money’s not backing away. Murano Global, a Nasdaq-listed real estate player and hotel chain in Mexico, joined the growing roster of companies stacking BTC for their treasuries—dropping an announcement that they’ve bought 21 Bitcoin and inked a $500 million deal to buy more. Treasury bitcoin is definitely in, and the second half of 2025 could see more corporate dominoes fall, if you ask analysts at Investopedia.But not everything’s green candles. As of today, the overall crypto market is showing some bearish vibes, with a 4.6% slide in the total market cap and Bitcoin down 1.5% over the last 24 hours, now hanging just north of $107,800, as reported by Cryptonews. Ethereum’s tagging along, slipping 1.7% to trade near $2,500. Traders are watching closely—volume’s muted, volatility’s up, and the market’s mood (measured by the Fear & Greed Index) is teetering between neutral and a touch of fear.But Ethereum fans, don’t log off yet! ETH just got a major boost after the SEC approved Grayscale’s multi-crypto ETF, which also covers Solana, Cardano, and Ripple’s XRP. This news set altcoins dancing—ETH, ADA, and XRP each pumped over 4%. Ethereum’s next key level? If bulls can push and hold above $2,600, analysts like those at Coindcx see a shot at $2,800. If not, brace for some chop or a revisit to the $2,200–$2,300 range. All eyes are on the much-hyped Dencun upgrade, aiming to slash fees and supercharge Ethereum’s Layer-2 networks—a move set to keep ETH in the DeFi, NFT, and Web3 spotlight for months to come.In global news, the Dubai Financial Services Authority just approved the QCD Money Market Fund, the region’s first tokenized money market fund—put together by Qatar National Bank and DMZ Finance. They’re tokenizing US Treasuries, blending old-school finance with DeFi, and unlocking new tools for stablecoin reserves and Web3 payments.And keep your calendars marked—“Crypto Week” kicks off in the US Congress July 14. Lawmakers will debate a new crypto market structure bill, and everyone from Satoshi maxis to altcoin apes will be watching for regulatory signals that could shape the next bull run.Thanks for tuning in to this week’s jam-packed edition of Crypto News today. Make sure to drop by next week for more market moves, major headlines, and real talk from yours truly, Crypto Willy. This has been a Quiet Please production—check out quietplease.ai for more deep dives. Catch you in the blockchain!Get the best deals https://amzn.to/3ODvOta