This Week in Crypto (07/07/25)
Crypto market weekly overview and updates
Quick Takeaway
Bitcoin Market:
BTC rose 1.26% this week to $108,898, supported by $768M in net ETF inflows—the fourth consecutive week of institutional accumulation. BTC dominance edged down slightly to 65.21%, while the Fear & Greed Index dipped from 52 to 50, signaling neutral sentiment. Online interest shows early signs of bottoming after months of decline, hinting at a potential reversal in retail engagement.
Altcoin Market:
Altcoin market cap remains at $970B, with ETH trading at $2,563.83 and SOL at $152.07. The SOL/ETH ratio declined 3.3%, reflecting mild ETH outperformance. Altcoins showed mixed performance, with half of the top 100 up and half down. BONK (+59.3%) and TIA (+14.6%) led gains, while SEI (-14.2%) and AERO (-13.8%) lagged. If BTC ranges, dispersion is likely to continue; if BTC trends up, majors like ETH and SOL may lead.
Stablecoin Market:
Stablecoin market cap stands at $249.8B, down $2.1B on the week but up $4.8B over 30 days. This continues the slow-growth trend since November 2024. Supply expanded on Ethereum, Solana, and Aptos, with inflows into USDT, USDC, and USDe. PYUSD saw a decline. While capital is still entering the space, a strong reacceleration remains elusive.
NFT Market:
NFT volume continues to decline, extending the downtrend that began in mid-December. Activity rose modestly on Solana, Polygon, and Bitcoin, but volumes remain near post-spike lows. DNS on Polygon surged to become the third-highest volume collection this week, while PGNFTs, BRC-20s, and Courtyard NFTs held steady.
Chain Activity:
Raydium saw a spike in launchpad activity, reflecting rising interest in Solana-native token launches. Jupiter launched Jupiter Studio, a no-code token creator aiming to challenge Pump.fun. Meanwhile, a dormant Bitcoin whale moved 80,000 BTC ($8.6B), causing a brief price dip. Swyftx’s $65.8M acquisition of Caleb & Brown underscores growing institutional focus on crypto in Australia and the U.S.
Market Outlook:
The environment remains structurally bullish. Steady institutional flows, flattening retail interest, and neutral sentiment provide a solid base for BTC. If Bitcoin ranges, expect selective altcoin outperformance. If BTC breaks higher, majors like ETH and SOL are well-positioned to lead the next wave.
BTC Market
Current State of the Bitcoin Market
Bitcoin's price has increased by 1.26% over the past week, currently trading at $108,898.
BTC dominance remains steady at 65.21%, with a decrewase of 0.22% over the week.
The Fear and Greed Index dropped from 52 to 50 over the week, with a weekly average of 51.14, indicating a neutral market sentiment.
Weekly net ETF inflows totaled 768M. this represents the fourth strong week of inflow after a few weeks of outflows.
Online interest has been declining since the U.S. election; this week appears to mark the fourth week of the trend flattening and could signal the early signs of a potential reversal.
Interpretation and Future Outlook
Bitcoin posted a modest 1.26% gain this week, but the underlying signals remain constructive. Institutional demand continues to show strength, with $768M in net ETF inflows marking the fourth consecutive week of capital flowing into BTC. Despite muted price action, BTC dominance remains elevated at 65.21%, and the Fear and Greed Index holds near neutral levels—both pointing to a market that’s consolidating rather than unwinding. This suggests capital is still concentrated around Bitcoin, not rotating into riskier assets, a dynamic often seen in early-stage bullish cycles.
Perhaps most notable is the potential shift in online interest. After a prolonged decline in search activity since the U.S. election, this week marks the fourth consecutive instance of the trend flattening. While still early, it may signal the first signs of renewed retail engagement. Paired with steady institutional flows and neutral sentiment, this creates a quietly favorable environment for BTC—one that could support a breakout if broader market conditions remain supportive.
Altcoin Market
Currently, the altcoin market cap sits at $970 billion. Ethereum accounts for approximately 31.9% of that total. The price of Solana (SOL) is $152.07, while Ethereum (ETH) is trading at $2,563.83, with the SOL/ETH ratio down 3.3% this week. Altcoins have seen small, dispersed moves, with roughly half of the top 100 up and half down. Most of these shifts were within a few percentage points, with only a handful of notable underperformers and outperformers.
Top 3 Performers (7-day change):
Bonk (BONK): $0.00 (59.27%)
Celestia (TIA): $1.62 (14.58%)
FLOKI (FLOKI): $0.00 (11.79%)
Bottom 3 Performers (7-day change):
Sei (SEI): $0.26 (-14.18%)
Aerodrome Finance (AERO): $0.70 (-13.82%)
Jito (JTO): $1.89 (-13.49%)
Interpretation and Future Outlook
Altcoin performance this week was mixed, with scattered gains and losses across the top 100. Despite a few standout winners like BONK and TIA, most moves were modest, and dispersion was relatively random. Ethereum and Solana both underperformed slightly, with the SOL/ETH ratio down 3.3%, suggesting capital rotated into smaller, higher-beta assets. This type of fragmented, sideways action often characterizes periods of market digestion—where capital selectively rotates but broader conviction remains cautious.
Looking forward, the setup remains positive. If Bitcoin continues to range, we expect more weeks like this: mild gains overall, with random dispersion and occasional outperformance from niche altcoins. But if BTC begins a clear leg higher, we anticipate capital rotating aggressively into major altcoins like ETH and SOL. In either scenario, the foundation for broader altcoin strength appears intact—what’s missing is only a clear catalyst.
Stablecoin Market
Market Capitalization: The stablecoin market cap currently stands at $249.8 billion, reflecting a $2.1 billion decrease over the past week and a $4.8 billion increase over the past 30 days. This marks the continuation of the trend that began in November 2024 of decelerating stablecoin supply growth.
Stablecoin Supply Rates:
AAVE: 3.5%-4.09%
Kamino: 5.3%-7.5%
Save Finance: 3.5%–4%
JustLend: ~2.3%–2.45% (6.1% USDD)
Spark.fi: 4.5%
Chain-Specific Changes: This week, stablecoin supply saw increases across Ethereum, Solana, and Aptos, while Tron experienced outflows.
Token-Specific Changes: USDT, USDS, USDe, and USDC saw large supply increases this week, while PYUSD experienced a decrease in supply.
Interpretation and Future Outlook: This week’s $4.8 billion increase represents a slight acceleration from the multi-month trend of positive but decelerating growth. Momentum has been gradually fading since November 2024. While capital continues to trickle in, a meaningful reacceleration has yet to materialize.
NFT Market
Market Activity:
NFT sales volume declined over the past week, continuing a long-term downtrend that began in mid-December. Activity increased on Polygon, Bitcoin, and Solana, while other chains saw decreases.
Top Collections:
DNS on Polygon have seen a surge in activity this week, with the collection reaching 3rd place in terms of collection volume this week. Notable collections include PGNFTs, BRC-20s, and Courtyard nfts.
Overall Market Trend:
The NFT market experienced a spike in activity in early November, but much of that momentum has since faded. Sales volumes are now at their lowest levels since that spike, and activity has continued to trend downward.
CT Mindshare
Raydium Launchpad Activity is Spiking: Raydium, a leading Solana-based decentralized exchange, has seen a surge in launchpad activity, with increased token launches and user participation driving higher trading volumes.
Jupiter Studio Launches: Jupiter, a prominent Solana DEX aggregator, launched Jupiter Studio, a no-code token launchpad enabling users to create and customize tokens with features like vesting schedules and anti-sniping protections. The platform aims to challenge Pump.fun by offering broader token project support and capturing a share of Solana’s DeFi market.
Swyftx Acquires Caleb & Brown: Australian crypto exchange Swyftx acquired Melbourne-based brokerage Caleb & Brown for over AU$100 million (approximately $65.8 million), marking the largest crypto deal in Australia and New Zealand. The acquisition targets high-net-worth U.S. investors, expanding Swyftx’s reach with Caleb & Brown’s $2 billion in digital assets under custody.
$8.6 Billion Bitcoin Whale Moves: On July 4, 2025, an anonymous Bitcoin whale transferred 80,000 BTC, worth $8.6 billion, from wallets dormant since 2011, causing a 1.6% price dip below $108,000. The massive movement, split into 10,000 BTC tranches, has sparked speculation about the whale’s identity and market impact.
Sources
https://app.artemis.xyz/
https://defillama.com/
https://www.cryptoslam.io/
https://www.tradingview.com/symbols/BTC.D/
https://x.com/i/bookmarks/all?post_id=1812861039517778200=