Here’s a quick recap of the crypto landscape for Monday (July 21) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrencymarket news
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$118,841, trading flat in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$116,779 and a high of US$119,523.
Chart via TradingView
Bitcoin price performance, July 21, 2025.
Bitcoin inched higher, hovering near US $119,000, propelled by robust institutional support and legislative clarity. The signing of the GENIUS Act regulating stablecoins with one-to-one reserves sparked renewed investor confidence
This optimism coincided with continued spot-Bitcoin ETF inflows, roughly US $2.2 billion last week, supporting market momentum. Analysts note institutional interest remains strong but still has room to grow.
Ethereum (ETH) was priced at US$3,785.83, up by 0.9 percent over the past 24 hours. Its lowest valuation as of Monday was US$3,712.60, and its highest was US$3,823.14.
Altcoin price update
* Solana (SOL) was priced at US$190.99, up by 4.9 percent over 24 hours. Its lowest valuation as of Monday was US$179.07, and its highest was US$191.84.
* XRP was trading for US$3.53, up 0.7 percent in the past 24 hours. The cryptocurrency’s lowest valuation was US$3.43, and its highest was US$3.58.
* Sui (SUI) is trading at US$4.01, up by 0.3 percent over the past 24 hours. Its lowest valuation of the day was US$3.85 and its highest was US$4.06.
* Cardano (ADA) was trading at US$0.9015, up by 7.6 percent over 24 hours. Its lowest violation was US$0.8445 while its highest was US$0.9222.
Today’s crypto news to know
Ether Machine set to raise over US$1.6 Billion in Nasdaq debut
The Ether Reserve, a new institutional vehicle holding Ethereum, is going public via a merger with energy investment firm Dynamix (NASDAQ:DYNX).
The deal, which will list the combined entity under the name “The Ether Machine” on the Nasdaq, is expected to raise more than US$1.6 billion and launch with 400,000 ETH on its balance sheet. This would make it the largest publicly traded Ethereum-holding entity to date.
Shares of Dynamix surged over 100 percent in premarket trading following the announcement.
Investors backing the deal include major industry names such as Blockchain.com, Kraken, and Pantera Capital, who have committed over US$800 million through an upsized common stock offering.
Ether has climbed steadily amid regulatory clarity around stablecoins and new institutional inflows.
Andrew Keys, formerly of ConsenSys, will chair the board. Once finalized, the company will trade under the ticker “ETHM,” with deal closure expected by Q4 2025.
Crypto funds record all-time high weekly inflows
Digital asset investment products posted US$4.39 billion in inflows last week, marking the highest weekly total on record, according to data from CoinShares.
This eclipses the previous high of US$4.27 billion set in late 2024, highlighting a fresh wave of institutional demand.
Ethereum products accounted for US$2.12 billion — their strongest weekly showing ever — nearly matching the US$2.2 billion inflow into Bitcoin funds.
Analysts attribute the spike to increasing confidence in ETH, bolstered by improving US regulatory clarity and ongoing ETF demand.
Altcoins like Solana and Avalanche also saw gains, but ETH led the market by volume and momentum. The current 14-week streak of inflows has now pushed 2025’s year-to-date total beyond 2024’s full-year inflows.
CoinShares noted that Ethereum’s US$6.2 billion YTD figure now represents 23 percent of total ETH assets under management, underscoring a shift in portfolio allocation trends.
Ethereum’s ETH breaks US$3,800 spurred by whale accumulation
ETH surged above US$3,800 on Tuesday (July 15), rising nearly 6 percent in 24 hours and outperforming most of the crypto market, according to the CoinDesk 20 Index.
The rally comes as both individual whales and large institutions increase exposure to Ethereum, boosted by fresh inflows into U.S.-listed spot ETH ETFs.
Notably, one Ethereum address accumulated nearly US$50 million worth of ETH over the weekend, with an average buy-in of $3,714, according to on-chain tracker EmberCN.
Analysts say recent legislation supporting crypto ETFs and stablecoin frameworks in the US is fueling capital rotation into Ethereum.
Technical indicators show ETH trading in a volatile range, with a US$255 spread between recent highs and lows, suggesting bullish continuation if momentum holds. Ethereum’s dominance in DeFi and tokenized assets continues to make it the top alternative to Bitcoin for institutional allocators.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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