Crypto Price Analysis 7-17: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGECOIN: DOGE, APTOS: APT, INTERNET COMPUTER: ICP

The crypto market cap is up nearly 2% as it nears the $3.80 trillion mark, with Bitcoin (BTC) , Ethereum (ETH) , and most other cryptocurrencies trading in positive territory. BTC is up nearly 1% in the past 24 hours as it recovers after dipping to a low of $117,771 earlier in the session. The flagship cryptocurrency reached $120,000 but lost momentum, slipping below $118,000 before moving to its current level of $118,759. Meanwhile, ETH is on an absolute tear as ETF inflows hit record levels. The world’s second-largest cryptocurrency surged past $3,300, and is up over 7% at the time of writing. Meanwhile, Ripple (XRP) has surpassed $3, with an 8% price increase in the past 24 hours. Solana (SOL) is up over 5%, trading around $172, while Dogecoin (DOGE) is up almost 7%, trading around $0.211. Cardano (ADA) , Chainlink (LINK) , Hedera (HBAR) , Stellar (XLM) , Toncoin (TON) , Litecoin (LTC) , and Polkadot (DOT) also registered substantial increases. Dow Jones Rises As Markets Digest Inflation, Earnings Data The Dow Jones Industrial Average and S&P 500 were up 140 points and 0.16%, while the Nasdaq Composite registered a marginal increase of 0.04%. The slight increases came as investors assessed earnings reports from banks, including the Bank of America, JPMorgan, Morgan Stanley, and Goldman Sachs. Stocks declined on Tuesday amid rising inflation concerns and renewed tariff uncertainty. However, markets rebounded as Wall Street turned optimistic. The uptick has been helped by lower-than-expected producer price index (PPI) numbers, released Wednesday. June PPI rose 2.3% year-over-year, the lowest since September 2024, and below the forecasted 2.5% increase. PPI remained flat on a month-over-month basis, below an expected increase of 0.20%. Economist Mohamed El-Erian stated, “US producer price inflation for June was softer than the consensus forecasts, with no monthly change for the headline and core measures. Annual inflation moderated to 2.3% and 2.6% respectively. [However] the immediate reaction of yields on US Treasury bonds is muted as markets are also noting the unusually large upward revision in the prior (May) estimates.” Crypto Bills Progress After Nine-Hour Stalemate House Republican leaders agreed to move forward with three crucial crypto bills stuck in a procedural vote, as Republican hardliners refused to back down on central bank digital currencies (CBDCs). The vote was open for more than nine hours, the longest in the House’s history, eventually passing late on Wednesday with a 217-212 vote. A few Republicans refused to back the vote unless the ban on CBDCs was guaranteed to pass. House Majority Leader Steve Scalise said Republicans will now add a CBDC ban to a must-pass defense spending bill. The Republicans had also stalled an earlier resolution on Tuesday. Coinbase Unveils New “Everything App” Coinbase has launched the Base App, calling it a new “everything app” that integrates payments, trading, social media, and app discovery into a single platform. The platform made the announcement during the “A New Day One” livestream on July 16. The new app was introduced as a major rebrand and expansion of the Coinbase Wallet. The app, built on the Base Layer 2 network, offers seamless on-chain experiences built around USD Coin payments, decentralized apps, and social engagements. Coinbase described the app as a place where users can post, chat, send money, trade, and earn. The app’s social features are powered by Farcaster, allowing users to publish content, earn income, and preserve their identity across apps. The app also integrates Base Pay, a feature that allows users to pay in USDC across supported platforms. World Liberty Financial To Make WLFI Token Tradable The World Liberty Financial community has unanimously voiced its support to make the WLFI token tradable. The proposal closed on July 16 with a 99.94% approval after a week-long vote that began on July 9. The move will enable the WLFI ecosystem to move to a more open system, allowing peer-to-peer transfers and access to secondary markets. It will also enable more stakeholders to participate in governance related to ecosystem initiatives, token emissions, and treasury management. Trading of the WLFI token will begin in stages, with only a portion of the tokens sold to early backers unlocked initially. The remaining supply will remain locked until the community conducts more votes to decide on future token unlock schedules. The Trump family’s WLFI holdings will also be subject to these restrictions. Bitcoin (BTC) Price Analysis Bitcoin (BTC) is marginally down during the ongoing session, trading around $118,346, as buyer momentum stalled around the $120,000 mark. BTC started the week positively, surging past $123,000 to set a new all-time high. However, it lost momentum and fell to a low of $115,701 on Tuesday before settling at $117,682. The price recovered on Wednesday, reaching an intraday high of $119,954 before settling at $118,641. The current session sees BTC marginally down, trading around $118,156. Despite reaching a record high earlier this week, analysts believe the BTC market is not overheated, suggesting that the price has more room to push higher. TradingView data shows that BTC has established a new range in lower timeframes as it trades above key support levels. CryptoQuant analyst Axel Adler Jr. believes BTC is yet to hit its peak, sharing a chart showing the absence of a peak signal, typically occurring around major market tops. Adler stated, “It appears when the combined normalized market to realized price index and 30-day/365-day value days destroyed ratio score reaches or exceeds 1. The Peak Signal only appears at major market tops, and it hasn’t shown up this time, suggesting we’re not at a peak yet.” Crypto Dan, another CryptoQuant analyst, highlighted the realized Cap-UTXO Age Bands, a metric that shows the distribution of the realized cap of a specified age cohort. According to Crypto Dan, the metric suggests that BTC still hasn’t reached an overheated state. The analyst stated, “Despite the price rising even higher, the fact that overheating has significantly decreased compared to previous short-term peaks suggests that Bitcoin could continue to break all-time highs and rise significantly in the second half of 2025, leaving strong potential for growth.” According to the analysts, while BTC is showing resilience near its all-time highs, on-chain data suggests the flagship cryptocurrency still has room to extend its rally. The first major resistance beyond BTC’s all-time high sits at $124,000, while the upper resistance sits at $136,000. “When BTC pushes into this area, the market is typically in overbought conditions with excessive unrealized profit for new buyers.” On the downside, analysts marked $113,000, $111,000, and $101,000 as the levels to watch. “Historically, staying above this zone signals strongholder conviction and trend continuation.” BTC started the previous weekend in the red, dropping 1.41% to $108,097 on Friday. It rebounded from this level, registering a marginal increase on Saturday and rising nearly 1% on Sunday to settle at $109,231. BTC lost momentum on Monday, dropping 0.88% to $108,273, but recovered on Tuesday, rising 0.62% and settling at $108,942. Buyers retained control on Wednesday as BTC rose over 2% to cross $111,000 and settle at $111,255. Bullish sentiment intensified on Thursday as the price rallied, rising 3.51% to $115,160. BTC continued to push higher on Friday, registering a 1.50% increase and settling at $116,885, but not before reaching an intraday high of $118,301. Source: TradingView BTC lost momentum on Saturday, registering a marginal decline and settling at $116,616. It recovered on Sunday, rising nearly 2% to cross $118,000 and settle at $118,624. BTC raced to a new all-time high on Monday, surging past $123,000 to $123,091. However, it lost momentum after reaching this level and settled at $119,714, ultimately rising 0.92%. Selling pressure returned on Tuesday as traders locked in their profits. As a result, BTC plunged to a low of $115,701 before settling at $117,682, down nearly 2%. The price recovered on Wednesday, rising almost 1% and settling at $118,641. The current session sees BTC marginally down, trading around $118,383. Ethereum (ETH) Price Analysis Ethereum’s (ETH) rally is showing no signs of stopping, as it surges past key levels. The world’s second-largest cryptocurrency overcame selling pressure on Tuesday, recovering from a low of $2,932 to reclaim $3,000 and settle at $3,140. Bullish sentiment intensified as ETH crossed $3,300 and settled at $3,374. The price has crossed $3,400 during the ongoing session and is trading around $3,445. ETH is up nearly 9% over the past 24 hours, and almost 24% over the past week, as it breaks out after weeks of range-bound price action. ETH’s rally comes as demand for Ethereum ETFs is through the roof. Data from SoSoValue shows that US Ethereum ETFs registered net inflows of over $700 million on July 16, the highest to date. BlackRock’s ETHA led the inflows with $489 million, with Fidelity’s FETH recording $113 million in inflows. Corporate treasury companies have also contributed to the rally, with several companies expanding their ETH reserves. These include SharpLink Gaming, Bit Digital, and GameSquare. Institutions like Standard Chartered and Goldman Sachs are also reallocating their Bitcoin holdings into Ethereum. ETH reached an intraday high of 2,636 on Thursday (July 3) but lost momentum on Friday, dropping over 3% to 2,509. The price recovered over the weekend, rising 0.35% on Saturday and over 2% on Sunday to settle at $2,572. Despite the positive weekend, ETH was back in the red on Monday, dropping 1.12% to $2,543. It recovered on Tuesday, rising nearly 3% to cross $2,600 and settle at $2,616. Buyers retained control on Wednesday as the price rose almost 6% and settled at $2,770. Bullish sentiment intensified on Thursday as ETH rose 6.51% to cross $2,900 and settle at $2,951. However, it lost momentum on Friday and registered only a marginal increase, settling at $2,956. Source: TradingView Despite the positive sentiment, ETH registered a marginal decline on Saturday. It recovered on Sunday, rising nearly 1% and settling at $2,970. Buyers retained control on Monday as ETH crossed $3,000 and settled at $3,015. It faced selling pressure on Tuesday and fell to an intraday low of $2,932. However, it recovered from this level to reclaim $3,000 and settle at $3,140, ultimately rising over 4%. Bullish sentiment intensified on Wednesday as ETH rallied over 7%, crossing $3,300 and settling at $3,374. ETH has crossed $3,400 during the ongoing session, with the price up over 2%, trading around $3,454. The recent price action shows strong upward momentum and buyer exhaustion. ETH has crossed the upper boundary of the Bollinger Bands, a development that suggests a decline. Solana (SOL) Price Analysis Solana (SOL) faced substantial selling pressure on Tuesday, plunging to an intraday low of $157. However, it rebounded from this level, rising over 1% to reclaim $160 and settle at $164. Bullish sentiment intensified on Wednesday as the price rallied, rising nearly 6% and settling at $173. SOL is up 1.20% during the ongoing session, trading around $175. SOL started the previous weekend in the red, dropping over 3% on Friday and settling at $147. It registered a marginal decline on Saturday before rising nearly 3% on Sunday to reclaim $150 and settle at $151. The price was back in the red on Monday, dropping almost 2% to $148. Despite the bearish start to the week, SOL recovered on Tuesday, rising nearly 2% to reclaim $150 and settle at $151. Buyers retained control on Wednesday as the price rose 3.54% to cross the 50-day SMA and settle at $157. SOL rallied on Thursday, rising nearly 5% to cross $160 and settle at $164. The price faced selling pressure and volatility on Friday as sellers attempted to overwhelm buyers. As a result, it fell nearly 1% and settled at $162. Source: TradingView Sellers retained control on Saturday as SOL fell 1.37% and settled at $160. The price recovered on Sunday, registering a marginal increase and moving to $161. SOL reached an intraday high of $168 on Monday as buyers attempted to overwhelm sellers and push above $170. However, the price lost momentum and fell to $162, ultimately registering a 0.68% increase. SOL plunged to an intraday low $157 on Tuesday as selling pressure intensified. However, it recovered from this level to reclaim $160 and settle at $164, ultimately registering an increase of 1.08%. Bullish sentiment intensified on Wednesday as SOL rallied, rising nearly 6% to cross $170 and settle at $173. The current session sees SOL up over 2%, trading around $177, with buyers setting their sights at $180. Dogecoin (DOGE) Price Analysis Dogecoin (DOGE) registered a sharp drop on Friday (July 4), dropping over 5% to $0.163. The price recovered from this level, rising almost 1% on Saturday and over 4% on Sunday to settle at $0.171. DOGE was back in the red on Monday, dropping over 2% to $0.167. However, the price recovered on Tuesday, rising nearly 2% to $0.171. Buyers retained control on Wednesday as DOGE rose over 5% to $0.180. DOGE rallied on Thursday, rising almost 9%, crossing the 50-day SMA and settling at $0.196. The price raced to an intraday high of $0.214 on Friday. However, it lost momentum after reaching this level and settled at $0.201, ultimately registering a 2.55% increase. Source: TradingView DOGE lost momentum on Saturday after facing selling pressure and volatility. As a result, it fell nearly 2% and settled at $0.197. Despite the selling pressure, the price registered a marginal increase on Sunday, ending the weekend in positive territory. DOGE reached an intraday high of $0.211 on Monday. However, it could not stay at this level and fell to $0.196. Sellers drove the price to an intraday low of $0.188 on Tuesday as selling pressure intensified. DOGE recovered from this level to register a 1.32% increase and settle at $0.199. The price continued pushing higher on Tuesday, rising nearly 7% and settling at $0.212. The current session sees DOGE up almost 2%, trading around $0.216. Aptos (APT) Price Analysis Aptos (APT) traded in positive territory the previous weekend, rising 0.36% on Saturday and 1.23% on Sunday to settle at $4.47. The price registered a marginal decline on Monday but recovered on Tuesday, rising 0.33%. Buyers retained control on Wednesday as APT rose nearly 4%, crossing the 20-day SMA and settling at $4.64. Bullish sentiment intensified on Thursday with the price rising over 5% to cross the 50-day SMA and settle at $4.87. APT reached an intraday high of $5.08 on Friday. However, it could not stay at this level and settled at $4.89, ultimately registering a marginal increase. Source: TradingView Despite the positive sentiment, APT was back in the red on Saturday, dropping nearly 2% to $4.80. The price recovered on Sunday, rising 2.74% to end the weekend at $4.94. APT reached an intraday high of $5.20 on Monday but could not remain at this level and settled at $4.97. The price fell to $4.78 on Tuesday as selling pressure intensified. However, it recovered to register a 2.51% increase, reclaiming $5 and settling at $5.09. Buyers retained control on Wednesday as APT rose nearly 2% to $5.19. APT is up over 1% during the current session, trading around $5.25. Internet Computer (ICP) Price Analysis Internet Computer (ICP) started the previous weekend in bearish territory, registering a marginal decline on Saturday. The price recovered on Sunday, rising nearly 2% to $4.85. However, it was back in the red on Monday, dropping 1.44% to $4.78. Buyers returned to the market on Tuesday as ICP rose 1.26% and settled at $4.84. Bullish sentiment intensified on Wednesday as the price surged over 6% to reclaim $5 and settle at $5.15. Price action remained bullish on Thursday as ICP rose nearly 5% and settled at $5.40. Despite the positive sentiment, buyers lost momentum on Friday as the price fell almost 1% to $5.35. Source: TradingView ICP faced substantial selling pressure and volatility on Saturday as buyers and sellers struggled to establish control. Buyers took control on Sunday as the price rose over 2% and settled at $5.47. ICP raced to an intraday high of $5.66 on Monday. However, it lost momentum after reaching this level, falling nearly 2% to $5.38. Buyers returned to the market on Tuesday as the price rose over 4% and settled at $5.61. Selling pressure and volatility increased on Wednesday, and ICP could only register a marginal increase. The current session sees the price up almost 1%, trading around $5.66. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: Crypto Daily