SwapSpace Weekly Recap: Bitcoin hits $120K, altcoins rally, institutions buy in

The crypto market saw an exciting week, marked by Bitcoin breaking new all-time highs, strong gains in altcoins, and growing institutional interest. This momentum is setting the stage for a potentially bullish week ahead. Read Swapspace's weekly recap to learn more.

Last week's highlights

• Bitcoin hits $120,000 for the first time

Bitcoin surged past the $120,000 milestone on July 14, driven by rising institutional demand and optimism around favorable regulatory developments in the US, including the start of ‘Crypto Week’ in Congress. This rally pushed Bitcoin to an all-time high of about $122,400 before settling near $118,882 on July 13.

• Ethereum surpasses $3,000 

13 : Ethereum continued its upward trend, trading above $3,000 with gains around 2.4-3% over the week. Institutional inflows into ETH ETFs also remained strong, signaling growing investor confidence.

• XRP and Dogecoin show strong gains

XRP approached the $3 mark with a 5.3% rise, while Dogecoin climbed 4.3%, fueled by positive market sentiment and renewed investor interest

• Institutional investments continue

BlackRock led inflows into Bitcoin and Ethereum ETFs, with over $950 million invested in BTC ETFs and $137 million in ETH ETFs in recent days. Corporate holders like Metaplanet and SharpLink Gaming also increased their Bitcoin and Ethereum holdings, respectively

• Czech National Bank buys Coinbase shares

The CNB expanded its crypto exposure by purchasing $18.1 million worth of Coinbase shares in Q2 2025, reflecting growing mainstream institutional adoption.

Last week’s stats

Top gainers

• MemeCore (M) – 266.19%
• Pudgy Penguins (PENGU) – 89.32%
• Stellar (XLM) – 12.04%

Top losers

• Banana For Scale (BANANAS31) – 43.91%
• MORI COIN (MORI) – 42.40%
• SpaceN (SN) – 39.29%

Key pairs

• BTC/USD: $121.780
• ETH/USD: $3.045
• BTC/ETH: 40.00

What to watch this week?

• US regulatory developments during Crypto Week

Lawmakers in the House of Representatives will review three major crypto bills, which could impact market dynamics significantly. Positive regulatory clarity may further boost institutional inflows and price momentum

• Bitcoin price trajectory

Analysts predict Bitcoin could reach between $150,000 and $250,000 by year-end due to supply-demand imbalances. Watch for price reactions to political and economic news, including US trade policies

• ETF inflows and corporate acquisitions

Continued inflows into Bitcoin and Ethereum ETFs and corporate buying activity could provide price support. Tracking major institutional moves will be key to understanding market sentiment.

The crypto market is poised for an eventful week, with regulatory decisions and institutional interest likely to shape price trends.Bitcoin, Ethereum, XRP, Stellar Lumens, and other coins mentioned can be conveniently purchased on SwapSpace. For those interested in price trends, check out SwapSpace’s Price Prediction page to stay ahead.