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The cryptocurrency market is currently experiencing a particularly positive period. This renewed interest is being driven mainly by popular altcoins such as Ethereum, XRP, and Dogecoin, while Bitcoin is seeing more moderate growth despite reaching a new all-time high near $122,838. Global macroeconomic conditions—including an S&P 500 close to 6,000 points, relatively stable oil prices, and the recent adoption of a clear regulatory framework for stablecoins in the United States—are creating an especially favorable environment for this expansion.
Ethereum clearly stands out this week, with an impressive rise of about 25.7%, briefly reaching $3,843, mainly fueled by a massive influx of institutional investments into spot Ethereum ETFs (over $2 billion in just one week). Despite this, short-term forecasts remain cautious, with only 40% of investors on the Myriad platform expecting a rapid breakthrough of the psychological $4,000 mark. However, the medium-term outlook remains very positive, with a majority consensus expecting a new all-time high before the end of the year. Technical indicators, such as the RSI at 70 and the ADX near the critical 25 threshold, confirm a strong bullish trend, though with the possibility of intermediate corrections.
On the XRP side, a spectacular 21% surge in a week allowed the token to reach a new all-time high at $3.52, finally erasing several years of regulatory challenges. This sudden increase reflects a prolonged accumulation, illustrated by a weekly RSI slightly above 70, indicating the potential start of a lasting trend rather than just a fleeting rise. The current low level of the ADX (20) is explained by the long period of inactivity preceding this surge, suggesting that the bullish movement is only beginning.
Finally, this overall dynamic signals the emergence of a new altcoin season, with institutional investors now appearing more confident and willing to diversify their positions in this sector, which was once considered risky. Overall technical configurations suggest that the current uptrend could extend over several months.
It is worth noting that the Rivemont Crypto Fund is benefiting from this increase, as we took positions in ETH and XRP last week.
The cryptocurrency market has just crossed a historic threshold, briefly reaching a total capitalization of over $4 trillion, driven mainly by the remarkable performance of Bitcoin and Ethereum. This surge coincides with major regulatory advances in the United States, notably the recent adoption of the GENIUS and CLARITY acts, which for the first time provide a clear framework for stablecoins and other digital assets.
Bitcoin, which remains dominant with a capitalization close to $2.4 trillion, has seen significant institutional investment thanks to spot Bitcoin ETFs. In just one day, these financial products attracted over $522 million, extending a trend that already totals over $4 billion over two weeks. BlackRock’s IBIT fund is especially popular, capturing the majority of these inflows.
Ethereum has also greatly benefited from this dynamic, posting a notable increase that pushed its capitalization above $440 billion. This progression reflects a growing rotation towards altcoins, fueled by a greater appetite for riskier assets. According to experts, this trend could persist as more countries follow the U.S. lead in crypto regulation, paving the way for even greater institutional adoption.
Coinbase has just announced the launch of CFTC-regulated perpetual contracts for American investors, joining Kraken’s recent initiative. This move comes just one week after Donald Trump enacted the GENIUS Act, which now provides a clear regulatory framework for cryptocurrencies and related derivatives in the U.S. These new contracts from Coinbase are notable for their extended five-year duration and offer American traders leverage of up to ten times their capital. This offer, with particularly competitive fees (starting at just 0.02% per contract), aims to attract American investors who previously used foreign derivative platforms due to ongoing regulatory uncertainty.
According to industry experts, this development represents a major step forward for the U.S. crypto market, filling a longstanding regulatory gap. It also marks a significant step toward greater institutional integration, facilitated by a Trump administration favorable to financial innovation and determined to make the United States the undisputed world leader in the crypto sector. Finally, experts highlight the strategic importance of these new financial instruments. With robust infrastructure like Coinbase Custody, Coinbase can now offer secure margin management for perpetual contracts, thus strengthening the efficiency and depth of U.S. derivative markets in the crypto sector.
Strategy (formerly MicroStrategy), the world’s largest institutional holder of Bitcoin, has just significantly increased its cryptocurrency holdings. Last week, it acquired 6,220 bitcoins for a total amount of nearly $740 million, at an average price of $118,940 per bitcoin. This transaction now brings its total holdings to 607,770 bitcoins, worth over $72 billion at current prices. Since its strategic shift to Bitcoin in 2020, the Virginia-based American company has maintained a much lower average purchase price, around $71,756 per bitcoin. Originally focused on software solutions for large enterprises, Strategy chose to invest heavily in Bitcoin to generate better returns for its shareholders. Strategy is not alone: other, smaller Nasdaq-listed companies such as Semler Scientific, Core Scientific, and KULR Technology have also begun accumulating Bitcoin, following a growing trend among public companies. In total, around 155 public companies now hold nearly 870,000 bitcoins.
Trump Media & Technology Group, the company that owns the Truth Social social network, has announced the acquisition of $2 billion in Bitcoin and Bitcoin-related securities. These digital assets now represent the majority of the $3 billion in liquid assets held by the company. According to Devin Nunes, CEO of Trump Media, this strategic investment aims to ensure the company’s financial independence, reduce risks related to banking discrimination, and strengthen its future digital ecosystem, particularly through the integration of a utility token on Truth Social. This move is part of a strategy unveiled as early as last May, through which Trump Media seeks not only to generate additional revenue but also to diversify its assets by exploring the possible acquisition of other cryptocurrencies. The company also plans to invest about $300 million more in options for Bitcoin-related financial products. Following these investments, Trump Media’s shares rose nearly 6%, though their overall performance remains down over the past year.
This massive Bitcoin purchase highlights the Trump family’s growing involvement in the cryptocurrency sector. For example, Eric Trump recently co-founded a mining company called American Bitcoin, while Donald Trump Jr. and Eric Trump had already backed other crypto projects such as World Liberty Financial. President Trump himself previously launched a controversial memecoin and an official NFT series, sparking public debate over potential conflicts of interest. This expansion of crypto-related activities comes in a very favorable regulatory context in the United States, including the recent enactment of a federal law clarifying stablecoin regulation. Furthermore, the Trump administration has appointed several digital asset-friendly figures to lead major regulatory bodies like the SEC and the CFTC, confirming its stated intent to encourage the development of the U.S. crypto sector.
From a technical perspective, Ethereum’s current configuration is especially encouraging: the cryptocurrency has just formed a “golden cross,” a highly anticipated signal for investors, corresponding to a bullish crossover of the 50-day and 200-day exponential moving averages. This signal generally marks the beginning of a lasting uptrend. Furthermore, the Relative Strength Index (RSI), although very high at over 80, primarily shows the strength of the ongoing upward movement rather than an immediate warning of a correction.
According to a recent analysis by Cooper Research, the price of Bitcoin could reach $150,000 as early as the beginning of October 2025. This optimistic forecast is mainly based on the significant inflows observed into U.S. spot Bitcoin ETFs, which already total more than $2 billion in recent investments, further strengthening the cryptocurrency’s bullish momentum. Cooper Research analysts believe Bitcoin is well positioned to reach new all-time highs, with an initial target around $140,000 as early as September. They do note, however, that between $140,000 and $200,000, the market could overheat, prompting some caution. The impact of these massive institutional investments is already being felt, with every additional 10,000 bitcoins bought via these ETFs tending to increase the average price by about 1.8%. However, despite the predictions of a strong short-term rise, the analysts note that Bitcoin’s volatility could gradually decrease. Indeed, with increased participation from institutional investors and a reduction in the excessive speculative movements of the past, Bitcoin’s price action could now follow a more stable and moderate path, reflecting a maturing market.
The presented information is as of July 22nd, 2025, unless otherwise indicated and is provided for information purposes only. The information comes from sources that we believe are reliable, but not guaranteed. This statement does not provide financial, legal or tax advice. Rivemont Investments are not responsible for any errors or omissions in the information or for any loss or damage suffered.
