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. 

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. 

Ripple, the cross-border payment giant hit key milestones with the SEC lawsuit settlement appeal, stablecoin partnerships and ecosystem growth. XRPLedger’s native token XRP rallied alongside, catalyzed by bullish developments. In nearly two weeks, whales boosted their XRP holdings, shocking traders. 

Ethereum has amassed $425 million in capital from SharpLink Gaming’s treasury allocation. The largest altcoin has attracted large volumes of institutional capital inflows to ETFs in the past week. Whales and institutions have attempted to reinstate confidence among traders, however the process has proven painfully slow.