Crypto Price Analysis 7-21: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGECOIN: DOGE, CELESTIA: T...

The cryptocurrency market has started the week in positive territory, with a market capitalization of $3.92 trillion, up 1.29%. However, Bitcoin (BTC) has taken a backseat over the past few days, with its price holding steady around $118,000. Instead, the rally is being driven by altcoins like Ethereum (ETH), Ripple (XRP), Solana (SOL), Cardano (ADA), and others. BTC traded flat over the weekend and started the week with a drop to $116,710. However, it recovered from this level and moved to $118,365, registering a marginal increase over the past 24 hours

ETH has led the charge in recent sessions, with the world’s second-largest cryptocurrency up nearly 4% in the past 24 hours, trading around $3,785. XRP is up over 3%, trading around $3.51, as it eyes a new all-time high. Meanwhile, Solana (SOL) is up over 6%, trading around $188, with buyers looking for a push towards $200. Dogecoin (DOGE) is up nearly 10%, trading around $0.271, while ADA is up over 5%. Stellar (XLM), Hedera (HBAR), Chainlink (LINK), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) also registered notable increases

US Lawmaker Tears Into GENIUS Act

United States Congresswoman Marjorie Taylor Greene has criticized the GENIUS Act, stating that it creates a backdoor for the government to create a central bank digital currency (CBDC) as privately issued crypto tokens. The lawmaker added that regulated stablecoins could feature surveillance capabilities, making them indistinguishable from CBDCs. Greene warned that such tokens could be weaponized against individuals by an authoritarian government, expressing a deep distrust of government control over monetary systems. She also added that the legislation allowed the government to potentially control citizens’ ability to buy and sell using digital currency systems

“This bill regulates stablecoins and provides for the backdoor central bank digital currency. The Federal Reserve has been planning a CBDC for years, and this will open the door to move you to a cashless society and into digital currency that can be weaponized against you by an authoritarian government controlling your ability to buy and sell.”

Crypto Exchange CoinDCX Suffers Major Security Breach

Indian crypto exchange CoinDCX has become the latest exchange to be hit by a security breach. The exchange confirmed the hack, with attackers draining $44 million from the platform. However, the platform assured users that customer funds remained safe and that the hack was limited to an internal operational account. The company released a First Incident Report over the weekend, adding that it was absorbing the total exposure by using its treasury reserves. According to reports, the exchange’s security systems detected an incident involving unauthorized access to one of its accounts, resulting in a loss of $44 million

The incident highlights growing security threats in the crypto ecosystem. Last year, WazirX, another prominent Indian cryptocurrency exchange, was hacked, resulting in a loss of over $230 million. The hack dented investor confidence and prompted an investigation into safety practices. The CoinDCX hack was confirmed by the platform’s founders, who stated it was the result of a sophisticated server breach targeting an internal wallet. The incident was first reported by blockchain investigator ZachXBT. The exchange said in its disclosure,

“Today, one of our internal operational accounts -- used only for liquidity provisioning on a partner exchange -- was compromised due to a sophisticated server breach. I confirm that the CoinDCX wallets used to store customer assets are not impacted and are completely safe. This won’t cause any loss to our customers. CoinDCX will bear the full amount. The total amount lost was USD 44 M out of our treasury assets. Coindcx Treasury will be bearing these losses.”

Input Output Global Audit Report Set For August Release

Cardano founder Charles Hoskinson has requested further transparency on the initial audit of Input Output Global’s (IOG) ADA holdings. However, he anticipated that the report would be set for public release in a month. Hoskinson stated in a post on X,

“I just received the first copy of the audit report. I requested a lot more detail and context in several areas, but it’s shaping up quickly. I believe we are on schedule for a mid-August release, assuming the work continues at this pace and there are no delays.”

Hoskinson had announced that he would release an audit report of IOG’s treasury holdings after reports that $600 million in ADA had been misappropriated. Hoskinson stated he was deeply hurt by the community’s mistrust

“IOG never gave itself 350 million unclaimed ADA. This is a lie. The vast majority was claimed, and the remaining portion, which was forfeited after seven years of waiting, was donated to Intersect. No matter how many times people lie, they cannot change reality.”

Bitcoin (BTC) Price Analysis

Bitcoin (BTC) has reclaimed the $119,000 level after making a sluggish start to the week, registering only marginal gains earlier in the day. The flagship cryptocurrency is up over 1%, trading around $119,500, with buyers looking to build momentum and reclaim $120,000. Price action was muted over the weekend, registering a marginal decline on Saturday and dropping 0.48% on Sunday to settle at $117,240, but not before falling to a low of $116,208. Traders are waiting for the next catalyst to drive BTC’s price higher

The flagship cryptocurrency entered into a consolidation phase after Monday’s rally to a new all-time high, trading in a narrow range between $117,000 and $120,000. BTC maintained its position above $117,000-$118,000, indicating that bulls have not ceded ground to sellers. However, analysts believe BTC is gearing up for a big move, which could see it test the $123,000 level and return to price discovery. Trader Marcus Corvinus stated,

“BTC is getting ready for a big move. Bitcoin is moving inside a triangle pattern and staying above strong support around $116,000 to $117,000. Right now, it's going sideways but not for long.”

A breakout above $123,000 could take BTC past $125,000. However, if it slips below $117,000-$118,000, then markets can expect a drop to $110,000 or lower

“If it breaks below support, price may fall to $111,000 or lower.”

Analyst Rekt Capital made a similar prediction, stating that capital will continue to flow to altcoins as long as BTC remains in its consolidation range

“Bitcoin remains in the Range and the consolidation continues, facilitating further money flow into Altcoins. Break this Lower High (black) within the Range, however, and Bitcoin will challenge the Range High for another breakout attempt.”

BTC bulls will look to maintain control and build momentum for a push beyond $120,000. However, if consolidation continues, we could see altcoins push higher

BTC registered a sharp increase on Thursday (July 10), rising 3.51% to cross $115,000 and settle at $115,160. Buyers retained control on Friday as the price rose 1.50% and settled at $116,885. Despite the positive sentiment, BTC lost momentum on Saturday, registering a marginal decline to $116,616. It recovered on Sunday, rising nearly 2% to end the weekend at $118,624. BTC raced past $120,000 on Monday as bullish sentiment intensified, crossing $123,000 and setting a new all-time high of $123,091. However, it could not stay at this level and settled at $119,714, ultimately registering a 0.92% increase. The price lost momentum on Tuesday as traders locked in their profits. As a result, it fell nearly 2% to $117,682, but not before dropping to an intraday low of $115,701.

Source: TradingView

Despite the selling pressure, BTC recovered on Wednesday, rising 0.82% to $118,641. The price faced volatility on Thursday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as BTC registered a marginal increase to reclaim $119,000 and settle at $119,101. BTC raced to an intraday high of $120,800 on Friday. However, it lost momentum after reaching this level and dropped 1.03% to $117,877. Sellers retained control over the weekend as BTC registered a marginal decline on Saturday before dropping 0.48% on Sunday and settling at $117,240. The price has recovered during the ongoing session and has reclaimed $119,000 to trade around $119,212.

Ethereum (ETH) Price Analysis

Ethereum’s (ETH) stunning rally continued over the weekend as it registered a 1.31% increase on Saturday and surged past $3,700 on Sunday, rising 4.53% to $3,757. Buyers have retained control during the ongoing session, as ETH looks to push above $3,800. The world’s second-largest cryptocurrency has traded in positive territory since last Sunday, and is up over 150% since its lowest level this year.

According to data from SoSoValue, ETH’s rally has coincided with surging ETF inflows during the week, adding over $2 billion, the largest weekly gains on record. The inflows were substantially higher than the previous week’s $907 million and mark the 10th consecutive week of positive inflows. The passage of the GENIUS Act also helped ETH’s rally, along with the ongoing ETH accumulation by SharpLink. The company has become one of the largest corporate holders of ETH, mirroring Strategy’s success in accumulating BTC. Open interest also surged to a record high of $51 billion over the weekend, indicating rising demand. On-chain data shows that ETH’s rally is continuing to gain momentum, and the token's rally could continue. Analysts have highlighted $4,000 as the next level to watch. However, the token is overbought and could drop before resuming its uptrend.

ETH rallied 6.51% on Thursday (July 10), crossing $2,900 and settling at $2,951. However, it lost momentum after reaching this level, registering a marginal increase on Friday and then declining 0.49% on Saturday to settle at $2,942. The price recovered on Sunday, rising nearly 1% to end the weekend at $2,970. Buyers retained control on Monday as ETH rose 1.50% to cross $3,000 and settle at $3,015. The price continued pushing higher on Tuesday, rising over 4% to $3,140. Bullish sentiment intensified on Wednesday as ETH rallied nearly 8%, surging past $3,300 and settling at $3,374.

Source: TradingView

ETH crossed $3,400 on Thursday and raced to an intraday high of $3,677 on Friday. However, it could not stay at this level and settled at $3,458, ultimately registering an increase of 1.99%. ETH remained in positive territory on Saturday, rising 1.31% to $3,595. The price reached $3,700 on Sunday, increasing 4.53% to $3,757. The current session sees ETH up almost 1%, trading around $3,779. Buyers will look to retain control and push the price above $3,800. A break above this level could see ETH surge to $4,000. However, the RSI is in the overbought zone, indicating that markets could expect a decline before a push towards $4,000.

Solana (SOL) Price Analysis

Solana (SOL) has surged past $190 during the ongoing session, setting its sights on $200, a level not seen since February 2025. Analysts pointed out on Friday that SOL was nearing its last major resistance at $180. With the price crossing this level during the ongoing session, a move past $200 could be on the cards if buyers can retain momentum. However, with the RSI in the overbought zone, the price could register a short-term drop, possibly dropping below $180.

SOL registered a sharp jump on Thursday (July 10), rising nearly 5% to cross $160 and settle at $164. However, it lost momentum after reaching this level, dropping 0.88% on Friday and 1.37% on Saturday to settle at $160. Despite the selling pressure, SOL registered a marginal increase on Sunday, ending the weekend at $161. SOL raced to an intraday high of $168 on Monday. However, it could not stay at this level and settled at $162, ultimately registering a 0.68% increase. The price plunged to an intraday low of $157 on Tuesday as selling pressure intensified. Despite the selling pressure, it recovered from this level to reclaim $160 and settle at $164.

Source: TradingView

Bullish sentiment intensified on Wednesday as SOL surged nearly 6%, crossing the 200-day SMA and $170 to $173. The price faced selling pressure again on Thursday, falling to a low of $168 before recovering and settling at $176, ultimately registering a 1.29% increase. SOL raced to an intraday high of $184 on Friday. However, it could not stay at this level and settled at $177, recording a 0.77% increase. SOL registered a marginal decline on Saturday despite the positive sentiment. Bullish sentiment returned on Sunday as the price rose 2.49% to cross $180 and settle at $181. The current session sees SOL up over 5%, trading around $191.

Dogecoin (DOGE) Price Analysis

Dogecoin (DOGE) has lost momentum during the ongoing session, with the price down over 2%. However, its rally has seen the popular memecoin surge past key levels. DOGE started the previous weekend in positive territory, reaching an intraday high of $0.214 before settling at $0.201, ultimately registering an increase of 2.55%. However, it lost momentum on Saturday, dropping 1.89% to $0.197. DOGE registered a marginal rise on Sunday but was back in the red on Monday, falling 0.61% to $0.196 despite reaching an intraday high of $0.211. The price recovered on Tuesday, rising 1.32% and settling at $0.199. Bullish sentiment intensified on Wednesday as DOGE rose nearly 7% to $0.212.

Source: TradingView

Buyers retained control on Thursday as DOGE registered a 2.73% increase and moved to $0.218. Bullish sentiment intensified on Friday as the price raced to an intraday high of $0.254. However, it could not stay at this level and settled at $0.236, ultimately registering an increase of over 8%. DOGE continued pushing higher on Saturday, rising 2.46% to $0.241. The price rallied on Sunday, surging nearly 14% to settle at $0.274. The current session sees DOGE down almost 2%, trading around $0.269.

Celestia (TIA) Price Analysis

Celestia (TIA) surged past $2 over the weekend, as it continues to push towards $2.50. TIA started the previous weekend in positive territory, rising over 5% to reach an intraday high of $2.06 before settling at $1.93. It lost momentum on Saturday, dropping 4.34% to $1.85, but recovered on Sunday, rising 2.12% and settling at $1.89. TIA raced to an intraday high of nearly 2% on Monday. However, it lost momentum after reaching this level and settled at $1.85, ultimately registering a drop of almost 2%. The price recovered on Tuesday, rising 6.53% and settling at $1.97. Buyers retained control on Wednesday as TIA rose nearly 1% and settled at $1.99.

Source: TradingView

Despite the positive sentiment, TIA dropped over 2% on Thursday, falling 2.46% to $1.94. The price raced to an intraday high of $2.11 on Friday but lost momentum after reaching this level and settled at $1.95, ultimately registering a 0.69% increase. Price action remained positive over the weekend as TIA rose 1.72% on Saturday and almost 9% on Sunday to settle at $2.16. The current session sees the price up 1.24%, trading around $2.19.

Jupiter (JUP) Price Analysis

Jupiter (JUP) registered a marginal increase on Friday (July 11), rising 0.56% to $0.487. However, it lost momentum on Saturday, dropping over 3% to $0.472. The price recovered on Sunday, rising nearly 7% to end the weekend at $0.504. JUP raced to an intraday high of $0.531 on Monday but lost momentum after reaching this level, ultimately settling at $0.498. The price plunged to an intraday low of $0.474 on Tuesday before recovering to register a 2.95% increase and settle at $0.513. Buyers retained control on Wednesday as JUP rose 5.51% and settled at $0.541.

Source: TradingView

JUP continued pushing higher on Thursday, rising nearly 1% and settling at $0.546. The price raced to an intraday high of $0.577 on Friday. However, it lost momentum after reaching this level and settled at $0.534, ultimately falling 2.19%. Price action remained positive over the weekend as JUP rose 2.27% on Saturday and 2.56% on Sunday to settle at $0.560. Bullish sentiment has intensified during the ongoing session, with JUP up over 9%, trading around $0.612.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.