Crypto Market Analysis: July 10, 2025 – Momentum Peaks
On July 10, 2025, the crypto market exploded higher with Bitcoin reaching fresh all-time highs and broad-based gains across altcoins. Total crypto market cap surged to around $3.69 trillion, a ~6.6% jump, while 24 hour volume soared to $261.6 billion—an 84% rise.
ETF inflows continued strongly, with Bitcoin pulling in over $1.18 billion intraday and Ethereum around $211 million, driving short squeezes and liquidity rotations.
Bitcoin (BTC): Breaking $118K & Institutional Frenzy
Bitcoin soared above $118,000, briefly peaking at $118,397, marking a ~26% YTD gain. This upward move was fueled by a historic $1.18 billion in ETF inflows and liquidation of over $1 billion in short positions. Supply remains tight as exchange balances decline, reinforcing bullish dynamics.
Bitcoin dominance rose above 54%, reflecting its strength amid altcoin volatility. Analysts project continued momentum if macro tailwinds persist. July could prove pivotal for BTC’s path toward the $130,000–$140,000 zone.
Ethereum (ETH): Vaulting Past $3,000 with Volume Surge
Ethereum climbed past $3,000, trading near $3,012, with a 7–8% daily gain. On-chain data shows $358 million in whale accumulation and significant volume spikes, breaking out from a cup-and-handle pattern. ETF contributions continue to rise—over $320 million inflows since July 7—cementing institutional confidence.
ETH futures open interest surpassed BTC for the first time in 2025, signaling aggressive institutional positioning. The Pectra upgrade continues to fuel confidence in its deflationary and staking mechanisms. A clean break above $3,200 could push ETH toward the $3,500–$4,000 range.
Solana (SOL): Catching the Altcoin Wave
Solana rallied too, reclaiming the $160s as BTC’s rally shifted capital into large-caps. Its DeFi and NFT ecosystems are benefiting from renewed trader interest and volume momentum. SOL remains positioned for continued upside if BTC dominance holds above 64%. Key DeFi protocols saw double-digit growth in TVL this week, highlighting rising usage.
Solana ETF speculation continues to drive institutional discourse, with Bloomberg assigning a high approval probability. If SOL maintains this trajectory, it could revisit $180–$200 levels in the coming weeks.
XRP: Breakout Confirmed, Eyes on $2.75–$2.80
XRP posted a 6% intraday gain, rising from ~$2.42 to $2.58, and broke out of a descending wedge with high volume. Whale wallets continue to accumulate—holding over 47 billion XRP, emphasizing institutional interest. Analysts are looking to the $2.75–$2.80 range as next resistance, with broader altcoin rotation in play.
Regulatory clarity following Ripple’s legal victory has unlocked new ETF conversations in Canada and Asia. XRP’s use in cross-border remittances remains a core driver of its bullish thesis. Sustained momentum above $2.80 could bring $3.00–$3.40 back into focus.
Dogecoin (DOGE): Meme Coin on the Move
Dogecoin surged roughly 6–7%, riding the broader market rally and memecoin sentiment. Volume dominance in meme assets increased sharply, with DOGE leading the charge. Community-driven enthusiasm continues to underpin its volatility and market presence. Several fintech platforms are reportedly piloting DOGE payment integrations in Q3.
Influencers and meme accounts continue to amplify DOGE’s profile across social media. Price targets remain between $0.25–$0.40 for Q3 if retail momentum holds.
Cardano (ADA): Sneaky Strength in the Rally
Cardano showed solid ~7% gains, outpacing many peers within the top 10. Its staking yields and DeFi uptake are gaining investor traction amid renewed alt-bull sentiment. With ETF talk heating up, ADA remains well-positioned for further upside.
The recent Hydra protocol updates promise increased scalability and throughput. Institutional investors are watching closely as ADA’s on-chain activity accelerates. Targets range from $0.80 to $1.30 by late Q3 2025.
Shiba Inu (SHIB): Riding the NFT Revolution
SHIB rallied alongside other meme assets, seeing significant volume spikes. The expanding Shibarium Layer-2 ecosystem, NFT integrations, and burning campaigns underpin investor interest. If meme-sector momentum continues, SHIB could further extend gains.
Over 600 million SHIB tokens were burned in early July alone. New dApps on Shibarium are attracting developers from other ecosystems. Analysts are revisiting $0.000015–$0.000020 projections for Q3.
Kaspa (KAS): Quiet Gains, Waiting for Catalyst
Kaspa enjoyed modest boosts as regional memecoins surged, though movement less dramatic than top-tier meme assets. Its blockDAG tech remains impressive, but adoption is still niche. A major catalyst like an ETF or broader ecosystem play is still needed.
Developers are now working on scalability tweaks for mobile wallets. Community proposals for ecosystem grants are under review. If adopted, such initiatives could fuel renewed price discovery.
Sui (SUI): Gaining Institutional & DeFi Notice
Sui popped amid altcoin rotation, buoyed by developer interest and DeFi integrations. Mentioned alongside XRP and ADA as part of smart investors’ July picks. Any upcoming ETF filings or unlock events could amplify its trajectory.
TVL in Sui-based protocols rose 8% week-on-week. Its unique object-centric programming model appeals to enterprise developers. Analysts suggest SUI could test $4.00–$5.00 if demand sustains.
Pi Network (PI): Still in Anticipatory Phase
Pi remains relatively stable and quietly gaining as major coins rally. Community engagement holds steady ahead of mainnet launch, though broader attention remains muted compared to altcoin action. Continued app deployments and mobile-first narrative may drive gradual appreciation.
Developers released updates for new AI-integrated utility apps on July 9. Community members still promote GCV ideals, though exchange realism tempers targets. July may bring more clarity from the core team on token unlock plans.
Snapshot Table
| Crypto | Price (July 10) | Daily Change | Notes |
|---|---|---|---|
| BTC | ~$118,000 | +6–7% | New ATH with strong ETF and short squeeze action |
| ETH | ~$3,012 | +7–8% | Whale accumulation, breaking key chart patterns |
| SOL | ~$160+ | +5–6% | Capital rotation from BTC, DeFi/NFT revival |
| XRP | ~$2.58 | +6% | Technical breakout, whale accumulation |
| DOGE | ~$0.18 | +6–7% | Meme-driven surge, volume spike |
| ADA | ~$0.63 | +6–7% | ETF speculation and staking strength |
| SHIB | ~$0.000012 | +5–6% | Meme sector upside, NFT integration |
| KAS | ~$0.08 | +3–4% | Modest gains; tech remains main draw |
| SUI | ~$3.00 | +5–6% | Noted in investment strategies; DeFi attention |
| PI | ~$0.48–0.50 | +1–2% | Quiet build-up in community and dApp launches |
The Road Ahead: Rotation & Regulatory Watch
Bitcoin’s breakout sets the tone for July, with altcoins like ETH, XRP, ADA, SOL, and meme assets capturing the flowing capital. ETF momentum is unmistakable, but U.S. Congressional hearings (“Crypto Week”) and global regulatory moves may influence the next leg. Volatility remains heightened—both a risk and opportunity—while savvy investors are keying in on on-chain metrics, ETF disclosures, and macro narratives.
