Crypto news and market trends | Bitpanda Weekly Wrap #16

Key price movements

BTC: +1.88% %, 94.904,28 €
ETH: +7.10 %, 2.371,03 €
S&P 500: +1.05 %
Euro Stoxx 50: +2.62 %

Prices as of 2.15pm, 10 July 2025

After weeks of steady gains, Bitcoin officially reached a new all-time high on Wednesday, crossing the $112,000 mark for the first time ever. This milestone follows a strong upward trend that began in late June when BTC hovered around $98,000 – and the price action is turning heads far beyond the crypto-native crowd.

What’s driving it? Corporate demand is booming. UK-based The Smarter Web Company recently added enough BTC to bring its holdings to 1,000 coins, and a growing number of Nasdaq-listed companies are converting treasury reserves into Bitcoin. Even design darling Figma is joining the party – more on that below.

Meanwhile, some voices in the crypto space are calling this just the beginning. With price targets in the $120,000 to $130,000 range circulating, analysts are floating multiple bullish scenarios that could pave the way for Bitcoin’s next breakout – provided macro conditions stay supportive and institutional appetite keeps growing.

But the rally isn’t happening in a vacuum. While prices climb, U.S. lawmakers are gearing up for a decisive week, with three major crypto bills up for vote. Dubbed ‘Crypto Week’, it could become the defining regulatory moment of the year – and not just for Bitcoin. The results could affect everything from stablecoins and CBDCs to the way crypto exchanges are overseen.

Either way, it could shake up the market more than a surprise ETF listing (or unlisting… we’ll get to that).

Explore the latest crypto prices, stock prices, and market trends.

Crypto Week is coming next monday

TL;DR: U.S. lawmakers are about to vote on three big bills that could change where things are going for crypto.

Next week, the U.S. House will vote on the GENIUS Act (focused on stablecoins), the CLARITY Act (dividing up crypto oversight between agencies), and the Anti-CBDC Surveillance State Act (no prizes for guessing what that one does). Collectively, these bills form the centrepiece of what’s being dubbed ‘Crypto Week’.

Supporters are hailing it as a long-overdue roadmap for digital assets. Critics? They say it’s more about headlines than helpful regulation, especially with Trump-era branding all over it. Regardless, the outcome could impact everything from stablecoin issuance to how exchanges are regulated – and that matters whether you’re trading Bitcoin or Meme coins.

Corporate treasuries are in their crypto era

TL;DR: Figma just made crypto look cool (and profitable) again.

In a surprising twist, Figma, a popular collaborative design platform, revealed it holds $70 million in Bitcoin ETFs in its IPO filing – and it’s planning to buy another $30 million worth of Bitcoin, using USDC. The current stash has already made a tidy 27% return.

And this isn’t a first – Tesla, MicroStrategy and other major players led the charge – but it’s yet another sign that digital assets are no longer on the fringes for corporates. Crypto on the balance sheet might soon be as ordinary as pizza parties and Slack channels.

Grayscale's ETF: here today, gone tomorrow?

TL;DR: The SEC approved Grayscale’s crypto ETF… then changed its mind.

For a brief moment, it looked like Grayscale was about to roll out a new ETF tracking a basket of major cryptos: Bitcoin, Ethereum, XRP, Solana, Cardano. But then, just one day later, the SEC hit pause. Officially, they’re “reviewing” the decision – unofficially, this looks like yet another example of regulators being half-in, half-out when it comes to crypto products.

The market reaction? Mild frustration and déjà vu. Investors want clarity, not cliffhangers.

Crypto comings and goings

TL;DR: Record ETF inflows contrast with summer slowdown concerns.

It’s a tale of two trends this week. On one hand, spot crypto ETFs are thriving – assets under management hit a record high across Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and XRP products. It’s a strong signal that institutional interest is still building, especially in the run-up to new regulatory decisions. Inflows were particularly strong in Solana and XRP ETFs, which together saw over $250 million in new capital last month.

But on the other hand, traders are warning we might be heading into a classic summer lull. On-chain activity is flat, volatility is low and momentum has started to slow – despite the headlines. That doesn’t mean a pullback is inevitable, but it does suggest that price action might go sideways until September unless something big happens.

Disclaimer

This article is distributed for informational purposes, and it is not to be construed as an offer or recommendation. It does not constitute and cannot replace investment advice.
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