The crypto market is on the rise: bitcoin is storming $77,000, and institutional investors are increasing their positions
While most market participants were resting, the crypto industry continued to move actively. The past night and morning brought several significant events at once: from record funding rounds in the stablecoin sector to important statements from industry leaders. I have analyzed the situation and am ready to share key insights.
Bitcoin and Altcoins: Price Dynamics
At the time of writing this review (08:50 Moscow time), bitcoin (BTC) was trading near the $77,050 mark. Over the past 24 hours, the price fluctuated in the range of $75,600–$77,800, showing a gain of 1.10%. However, a more impressive picture emerges on the weekly horizon: the increase amounted to a substantial 21.41%. This points to a sustained upward trend, supported by growing interest from institutional investors.
Ether (ETH) is also demonstrating confident momentum, holding around the $2,447 level. Over 24 hours, the asset rose by 2.90%, and over the week — by 28.87%. Overnight trading took place in the range of $2,360–$2,480, indicating high volatility and a battle by bulls for control of the $2,500 level.
Among altcoins in the top 25, Zcash (ZEC) stands out with a gain of 6.51%, Sui (SUI) — up 4.56%, and Hedera (HBAR) — up 4.41%. At the same time, UNUS SED LEO (LEO) lost 1.85%, while Monero (XMR) declined by 3.03%.
In the top 100, the best weekly result was posted by Ethena (ENA), surging 99.54%. The performance of Stacks (STX) and Official Trump (TRUMP) is also impressive, adding 93.91% and 76.33%, respectively. The laggard was JUST (JST), which fell by 7.59%.
Institutional Inflows and Liquidations
An analysis of flows into spot ETFs over the past week shows a clear dominance of buyers. Bitcoin funds attracted about $1.92 billion, Ethereum — $697.18 million, XRP — $39.78 million, Solana — $28.34 million. A small outflow was recorded only for BNB — about $262,000. This confirms that institutional money continues to actively enter the market, creating a solid foundation for further growth.
Over the past 24 hours, positions totaling $300.38 million were liquidated, affecting 72,982 traders. Interestingly, short positions accounted for more — $167.16 million versus $133.23 million for longs. This suggests that many bears were caught off guard by the upward momentum. The largest liquidation order was executed on Binance for the ETHUSDT pair at $6.86 million.
Stablecoins and Security
Stablecoin neobank Fasset raised $68 million in a funding round led by Japan's SBI Group at a valuation of $1 billion. This is already the second major tranche this year: in May, the company received $51 million. According to management, Fasset processes more than $40 billion in transactions on an annualized basis across 125 countries, with revenue growing sixfold compared to last year. This is a clear signal that stablecoin infrastructure is becoming mainstream.
Tether CEO Paolo Ardoino confirmed that USDT is being used increasingly actively in developing economies. Venezuela, Argentina, Bolivia, and Turkey are key markets where the stablecoin is used for cross-border trade, P2P settlements, and protection against inflation. This is not just a trend but a fundamental shift in the financial habits of entire regions.
It also became known that Ledger eliminated a vulnerability in signing scenarios within the Ethereum application. The issue was discovered by the Ledger Donjon division, and the fix was released two weeks ago. Users with up-to-date firmware and applications are protected.
My conclusion: The market is in a phase of confident recovery, backed by institutional demand. Bitcoin's 21% weekly gain and ETF inflows are not a speculative spike but a shift in sentiment. However, with such momentum, it is worth remembering volatility: the $75,000 and $72,000 levels remain key support in the event of a correction.