Why Crypto Market Is Up Today? Bitcoin Price Today, XRP News, Ethereum Price, MSTR Stock

A major wave of crypto legislation is set to unfold this week as the U.S. government kicks off what’s being dubbed “Crypto Week.” The Genius Act may be signed into law, the Clarity Act is expected to advance in the House, and the Anti-CBDC Surveillance Act could either be finalized or begin formal discussion. Meanwhile, lawmakers are eyeing progress on crypto tax and capital gains reforms. The biggest unknown? Whether the government will reveal its Bitcoin accumulation strategy, a move that could shift both policy and market sentiment.

Ethereum price is flashing bullish signals as the network faces a looming supply shock. ETH staking has hit an all-time high of 29.7%, while exchange reserves have plummeted to just 500,000 ETH, reflecting a sharp drop in available supply. Adding fuel to the fire, leveraged ETH shorts are at record highs, creating the perfect setup for a massive short squeeze. With supply tightening and bearish positions crowding in, bulls may soon gain control. If momentum builds, Ethereum could explode higher in the coming days, catching short sellers off guard.

Cardano (ADA) is gaining serious momentum, with analysts and traders eyeing a surge to $1 as early as next week. Following a strong wave of accumulation, ADA is showing signs of entering a vertical rally phase. Market sentiment is turning sharply bullish, and Cardano holders are preparing for what could be a breakout move. One prominent trader even warned it might be the last chance to buy ADA under $1, tagging @cardano_whale. With rising volume and momentum, ADA could be one of the top-performing altcoins in the near term.

Strategy has acquired 4,225 BTC for approximately $472.5 million at an average price of $111,827 per BTC, boosting its year-to-date Bitcoin yield to 20.2% in 2025. As of July 13, 2025, the firm now holds a staggering 601,550 BTC, acquired at a total cost of $42.87 billion, with an average entry price of $71,268 per Bitcoin. This latest accumulation cements Strategy’s position as one of the largest institutional Bitcoin holders, signaling strong long-term conviction as BTC trades near all-time highs.

Despite common belief, XRP is not directly ISO 20022 compliant—RippleNet is. The recent rollout of ISO 20022 won’t immediately impact XRP’s price, as the standard itself doesn’t use any specific cryptocurrency. However, ISO 20022 is laying the groundwork for DLT adoption via APIs, which could become a major catalyst for XRP in the future. As global banks and payment systems begin integrating distributed ledger technology (DLT) into their infrastructure, Ripple’s XRP could play a key role, not because of the standard, but through the rails it helps power. The price surge will come when utility meets adoption.

Solana (SOL) is flashing bullish signals as it holds strong near key technical levels. Traders are watching closely for a long entry either on a retest of the 200-day EMA around $159 or a breakout above the $169 resistance zone. If SOL clears this “orange box” consolidation area, analysts expect a swift move toward $185, with a stretch target at $210. With momentum building and market sentiment improving, Solana’s clean technical setup suggests the next breakout could be imminent, making it one of the top altcoins to watch this week.

Bitcoin is currently testing a critical resistance zone between $119K and $120K. A successful breakout above this level could open the floodgates for a rapid move toward the $135K–$140K range, according to market analysts. However, if BTC faces rejection, a short-term pullback to the $114K–$115K region is possible before any further upward move. With bullish momentum still strong and institutional demand on the rise, all eyes are on this key price level. A decisive break above $120K could confirm the next leg of Bitcoin’s ongoing bull run.

Stellar (XLM) has surged 120% in just a month, igniting speculation about a massive altcoin rally. The breakout follows a clean rebound from the critical 0.618 Fibonacci zone around $0.19, a level often seen as a launchpad in technical analysis. Now trading near $0.58, XLM is testing a key resistance. If it breaks above, analysts suggest a potential run toward $2–$5 this cycle, marking a possible 10x return. With altcoin momentum heating up and bullish sentiment returning, Stellar is emerging as a strong contender for one of 2025’s top-performing assets.

A prominent crypto analyst who accurately predicted Bitcoin’s surge to $120K says the rally is ahead of schedule. The original projection targeted the $118K+ range between late August and September. With BTC already in this price zone by mid-July, the analyst believes Bitcoin now has a 2–3 month window to climb higher, unless a consolidation range forms. Citing historical cycle fractals, they still expect Q4 2025 to mark the bull cycle’s end, though the final peak could surpass earlier targets. The early breakout may signal stronger upside potential as the market continues defying timelines.

XRP is showing signs of a massive breakout after bouncing off the neckline of a 7-year-old Double Bottom/Ascending Triangle pattern on the 2-week chart. Analysts suggest this technical setup could push XRP parabolically toward a conservative target of $38. In a previous, less significant breakout, XRP surged 2x past its parabolic target, fueling hopes of a similar rally. With Bitcoin at all-time highs and altcoin momentum returning, XRP may be gearing up for a historic bull run. The breakout marks a key moment for XRP holders, as technical and market signals align for potential explosive growth ahead.