Bitcoin reached the new all-time high of $123,000 on July 25, 2025, driving the total crypto market capitalization up by +13.3% for the month and triggering a powerful rotation towards altcoins, DeFi, and NFTs.
What triggered the Bitcoin and crypto market rally?
July 2025 will enter the history books of the sector: Bitcoin not only adjusted the ATH, but also saw a clear decrease in dominance (-5.2%, now at 60.6%) in favor of altcoins, which grew by almost 10% in market share (now at 39.2%). This change is directly linked to the record inflows recorded by spot ETFs on Ethereum.
For the first time, a clear and structural rotation of institutional investors towards alternative assets has been observed, driven also by the expectation of FED rate cuts and the absence of negative macro-financial shocks.
According to the latest report “Monthly Market Insights” by Binance, three regulatory events acted as a catalyst: the approval of three crypto laws during the “Crypto Week” declared by Trump’s White House, the growing clarity on stablecoin, and the hints from regulators for a shared SEC-CFTC oversight. This renewed certainty has provided confidence to institutional investors, increasing their risk appetite both on Bitcoin and, especially, on altcoins and new DeFi solutions.
Why is Ethereum running? The explosion of companies accumulating ETH
In the month of July 2025, Ethereum was undoubtedly the main protagonist among high-capital assets (large cap): +51% monthly performance. The driving force behind this growth is the flows towards spot ETFs (record of 19 consecutive days with a positive balance) and, above all, the adoption by large listed companies.
The data shows that corporate ETH holdings have increased by 127.7% in just one month, for a total exceeding 2.7 million ETH. As many as 24 new companies have added Ethereum to their balance sheets – a clear signal that the staking yield (continuous gain for those who “lock” tokens in the Ethereum network) and the deflationary mechanism of the platform are convincing many CFOs to bet on the asset.
Today almost 46.5% of all ETH held by ETFs is in the hands of companies, no longer of small investors or managers.
GENIUS Act: what changes for stablecoin with the law wanted by Trump?
On July 19, 2025, the GENIUS Act came into effect: the first US federal law on stablecoin. These are cryptocurrencies pegged 1:1 to the dollar or short-term government securities and subject to stringent anti-money laundering rules. For the sector, it means the end of regulatory uncertainties: banks like JPMorgan have expanded the experimentation of their deposit-token, while Citi has entered the field on tokenized deposits for cross-border payments. Visa, on the other hand, has publicly declared its intention to integrate stablecoin with its payment networks.
The on-chain stablecoin transactions remain close to historical highs, surpassing the volume processed by Visa since Q4 2024: the race of stablecoins as a cornerstone of global payments now seems unstoppable.
Tokenized Stocks: why have they exploded and who is leading the race?
Another hot topic of July 2025 is that of tokenized stocks, the digital assets that replicate stocks like TSLA and SPY on blockchain: their capitalization has soared to 370 million dollars, +220% compared to June. Over 53.6 million dollars is concentrated in the main assets alone, increasing active addresses from 1,600 to over 90,000. If only 1% of the world’s securities were tokenized, the market would exceed the threshold of 1.3 trillion dollars, bringing DeFi and the traditional world ever closer.
At the moment, centralized exchanges dominate with volumes over 70 times higher than on-chain, but the push towards decentralization promises to be a bull trend.
DeFi and NFT: who rises, who falls, and which collections dominate
The Total Value Locked in DeFi gained 23.63% month over month, with a boom driven by Ethereum, while BNB Chain, Solana, and Arbitrum recorded declines in share. The stablecoin market confirms the leadership of USDT, but USDC shows significant capitalization growth favored by the new regulatory framework.
The NFT universe roars back: +49.9% in volumes. A colossal purchase of 45 CryptoPunks by an anonymous whale («balena», an investor with enormous capital) has reignited the market, with the floor price recovering. NFT sales on Ethereum have jumped by 58%, while Bitcoin NFT shows a +28.1%. In contrast, sales on Polygon are falling (-51.5%). More and more institutional investors are looking at NFTs for possible future ETFs.
What risks and uncertainties after the boom? The alerts at the end of July
If July was a record month, the end of the period saw some clouds return: the White House reactivated some tariffs towards China, and the Federal Reserve, while keeping rates unchanged, adopted cautious tones on possible future cuts. The impact of the new presidential crypto guidelines published on July 30, 2025, should be closely monitored, as they could reshape the balance between regulation and innovation.
What happens now? Perspectives, strategies, and the “Trump effect” crypto
July 2025 marked a true turning point for Bitcoin and the entire crypto ecosystem: stellar performances, record institutional adoption, regulatory debut of federal stablecoin, and a resurgence of interest in DeFi and NFT. However, the future now depends on the next regulatory and macroeconomic steps, in a context that can change rapidly.
Investors will need to know how to navigate between new opportunities and increasing volatility. Follow the community on the official Telegram and Twitter channels for further updates and insights on what could be an even more explosive autumn for the crypto world.