U.S. Elections & Crypto

Bitcoin holds steady and Ethereum is trading close to $4,500. Several altcoins like OKB, KuCoin, Cardano, Hyperliquid and Arbitrum posted double-digit rallies.

Bitcoin slips under $115,000 on Friday, down nearly 1% on the day. While DeFi tokens are posting gains, several altcoins in the top 100 cryptos posted losses. Five key altcoins that weathered the storm could extend their rally in the coming weeks. 

Crypto’s treasury narrative is having its moment amidst changes in market structure in the 2025 bull run. Bitcoin hit its new all-time high and price corrected in the following days and weeks. Surprisingly, the state of the market did not discourage corporate giants and publicly traded firms from adding altcoins to their treasury. 

Bitcoin hit a new all-time high at $123,218, on Monday, July 14. The largest cryptocurrency wiped out its gains and hovers above the $117,000 level at the time of writing. Bitcoin’s recent activity has motivated BTC holders from the Satoshi era to move their BTC to OTC desks and likely take profits. 

Bitcoin, Ethereum and XRP are rallying on Friday. The top three cryptocurrencies are climbing higher as BTC enters price discovery and the $130,000 target comes into play. With institutional investors accumulating the largest crypto, and rising capital inflows, further gains in top 3 cryptos are likely. 

Solana, Ethereum’s largest rival, leads among cryptos with highest dApp revenue. In June 2025, Solana clocked over $146 million in revenue from decentralized applications in its ecosystem. Solana has consistently led in dApp revenue and metrics, outpacing Ethereum and BNB. 

XRP, the native token of the XRP Ledger, has made headlines in the aftermath of the SEC’s lawsuit against Ripple and the withdrawal of the payment giant’s appeal. The crypto payments firm looks set to expand its stablecoin partnerships and boost XRP utility, both catalysts could push the altcoin higher.

Bitcoin traders eye a re-test of resistance at $108,000, a daily candlestick close above this level could drive a potential breakout past the all-time high at $111,980. BTC should hold steady above $108,000 to end the ongoing consolidation. Institutional capital flows and relatively high correlation with BTC is likely to catalyze gains in top altcoins. 

Bitcoin adoption started with Michael Saylor’s Strategy and what was unheard of is now common practice for hundreds of publicly listed companies in the US and worldwide. The US government’s stance on crypto and Bitcoin has softened and top altcoins like Ethereum and XRP benefit from the positive changes in regulation. 

SEI and KAIA tokens extend gains on Friday as Bitcoin consolidates under $105,000. The crypto market has now absorbed a barrage of missiles and tariff uncertainties in the past two months, testing the resilience of retail and institutional traders. SEI and KAIA could extend their gains next week if altcoins survive the impact from the quadruple witching on Friday.