Bitcoin Sets New All-Time High At $119,000 While Altcoins Surge Again

Close Up of Bitcoins

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This Week’s Summary

  • The cryptocurrency market looks set to end the week at a total market capitalization of $3.68 trillion.
  • Bitcoin increased by over 9% to trade above $118,000.
  • Ethereum gained nearly 18% to trade at around $3,000.
  • XRP moved up by 24%, Solana moved up by 9%, and Dogecoin moved up by 20%.
  • Almost all altcoins have been seen trading in the green, with nearly no exceptions.
  • The DeFi sector increased the total value of protocols (TVL) to around $120 billion.


Crypto Trends for the Week of July 7-13, 2025: Market Analysis and Performance

The cryptocurrency market closed out another spectacular week. Most cryptocurrencies have had a blast over the past seven days, with some recording impressive double-digit value boosts. The main story revolves around Bitcoin, of course, as the most popular cryptocurrency set another all-time high trading price.

Meanwhile, the market responded well to a new series of economic tariffs imposed internationally by the US Administration. All in all, it was a terrific week for this financial corner of the world, evident from the $320 billion boost that the market capitalization registered.

Bitcoin started the week trading at around $108,000 and only dipped toward $106,000 for a few hours. However, no one was expecting the mid-week bull run. That’s when the king of cryptocurrencies skyrocketed to new heights, setting a new all-time high at $118,856. It was an impressive event for the entire cryptocurrency community and beyond.

The main reason for this surge may be that more and more institutional actors purchase BTC for extensive future holding. It is the case of companies like Metaplanet, GameStop, and Semler Scientific, which joined the likes of Glassnode, Block Inc., and Galaxy Digital Holdings. Their trust in BTC trickles down to smaller buyers, which in turn increases the overall reliability of the cryptocurrency market.

Ethereum continued its own surge and shut down its doubters. The second cryptocurrency in command has been trading at nearly $3,000 after a 9% increase. This has been a remarkable run for Ethereum, which was closer to dropping below $2,000 only a few weeks ago.


Altcoins & DeFi

Most altcoins have been trading in the green, with almost no exceptions. For example, XRP moved up by 24%, Solana moved up by 5%, Cardano moved up by 27%, Avalanche moved up by 18%, Sui moved up by 18%, Chainlink moved up by 17%, Hyperliquid moved up by 23%, and Stellar moved up by 85%.

The memecoins also joined the cryptocurrency market uptrend. For instance, Dogecoin increased by 20%, Shiba Inu increased by 13%, and Pepecoin increased by 24%.

The Metaverse sector also witnessed some notable movements over the past week. For instance, Axie Infinity moved up by 16%, The Sandbox moved up by 26%, and Floki moved up by 18%. Meanwhile, Decentraland rose 22%, Render rose 18%, and ApeCoin rose 10%. Stacks increased by 20% and MultiversX by 17%. Additionally, Virtuals moved up by 12%.

The DeFi sector added nearly $20 billion to the total value locked in protocols (TVL), surging at around $126.20 billion.


What’s in the News?

  • BlackRock’s Ethereum ETF reported a remarkable $300 million record inflow, helping ETH increase in value even more.


Next Week’s Crypto Market Forecast

The cryptocurrency market has been seeing some of its best days this year, as most cryptocurrencies have been trading healthily in the green. It looks like an excellent period for the cryptocurrency space, and its supporters, including Bitcoin and the altcoins, show more resilience than ever. Hopefully, the trend will continue and even improve in the following weeks.


About the Author

Born and raised in Romania, and currently living in Spain. Iulian discovered a knack for writing from a tender age, and even won some minor awards for fiction that didn't pay much.

Iulian became a content writer in 2011, and he is still doing it to some degree of success today. He is currently specialized in cryptocurrencies, technology, online marketing, and social media. In his free time, Iulian likes reading, traveling, and watching sports. His dream is to see Bitcoin reach $100,000 just so he can tell his friends “I told you so."


More By This Author:

Bitcoin Surges To $108,000 Amid Crypto Market Revival
Bitcoin Struggles To Stay Above $100K As U.S.-Iran Conflict Flares Up
The Crypto Market Shrinks As Global Conflicts Increase

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