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The post Why Crypto Is Going Up Today?  appeared first on Coinpedia Fintech News The crypto market today has soared big, with the total market cap hitting $3.8 trillion, marking a 3.25% daily gain. The rally was fueled by institutional accumulation, Bitcoin’s breakout to new all-time highs, and optimism around U.S. crypto regulation.  That’s not all, major buys from enterprises like SharpLink and Metaplanet, combined with hype around “Crypto Week” and emerging support from the White House, are driving bullish momentum. As BTC dominance climbs to 63.6% and the Fear & Greed Index stays in “Greed” at 70, market sentiment is decisively optimistic. What Happened in Crypto Market Today? The crypto industry’s market cap rose by over $119 billion, hitting $3.8 trillion. The intraday trading volume surged by 29.10%, reaching $150.62 billion, signaling strong participation. Bitcoin price smashed through the psychological $122,000 resistance level, triggering $285 million in short liquidations. Ethereum followed suit with increased activity, supported by a $48 million ETH buy from SharpLink. Key Events Driving the Surge: Institutional Inflows: SharpLink and Metaplanet collectively invested over $140 million into ETH and BTC, respectively, evidence of growing institutional faith in crypto assets. Bitcoin Breaks ATH: The breakout above $122k marks a new all-time high for BTC, further catalyzing aggressive liquidations and FOMO buying. U.S. Regulatory Optimism: The market is energized by discussions of U.S. stablecoin legislation potentially passing this week. Additionally, speculation around White House-backed Crypto Reserves has sparked bullish narratives. Macro Correlation: With gold prices rising and tech stocks stabilizing, Bitcoin is again showing signs of being treated as a hedge asset. Why This Matters Bitcoin is leading the rally, but altcoins remain subdued, with the Altcoin Season Index sitting at 34/100. This shows that capital is still concentrated in major assets. The return of institutional FOMO indicates…

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Filed under: News - @ July 14, 2025 7:26 am