Daily Market Report — July 16, 2025
Bitcoin (BTC) slipped 0.54% over the past 24 hours, closing at $117,290.32, with trading volume concentrated between $115,736.92 and $118,458.32.. Ethereum (ETH) rallied 5.13% to finish at $3,117.75, marking a strong breakout above the $3K psychological level. The Fear & Greed Index eased slightly to 68, indicating sustained optimism but with increased caution. Meanwhile, futures liquidation volume reached $128.6 billion, with short positions slightly outweighing longs in BTC, while ETH showed a modest long bias.
Among the top performers, SUN led the day with an eye-catching +8493.94% surge, followed by DRGV at +92.90% and ZYPHORA at +37.34%. SUN’s parabolic move appeared to be driven by speculative forces, possibly amplified by low liquidity conditions, drawing attention across both retail and institutional circles.
On the regulatory and legislative front, former President Trump reportedly met with eleven congressmen and agreed to move forward with a vote on the GENIUS Stablecoin Act the following morning. This marks a potential turning point for stablecoin policy momentum in the U.S. Congress.
Elsewhere, a controversial new Bitcoin proposal was introduced that aims to freeze early BTC addresses—including those attributed to Satoshi Nakamoto—which are perceived to be vulnerable to quantum computing threats. The idea has ignited debate within the crypto community, highlighting security concerns tied to future technological risks.
Meanwhile, JPMorgan Chase and Citigroup are reportedly exploring stablecoin issuance, reinforcing the trend of traditional financial institutions accelerating their entry into encrypted payments and blockchain-powered settlements.
In Europe, Ripple announced its intention to apply for a MiCA license, underscoring its effort to establish regulatory legitimacy and expand its presence in the EU’s rapidly evolving crypto market.
On the macroeconomic front, the U.S. Consumer Price Index (CPI) for June came in at 0.3%, matching expectations but sharply higher than May’s 0.1%, adding to concerns that inflation pressures may persist and potentially affect Fed policy decisions.
Owen
