The crypto market registered a marginal decline over the past 24 hours. Price action was mixed as Bitcoin (BTC), Solana (SOL), and others traded in the red. Meanwhile, Ethereum (ETH) and Ripple (XRP) registered notable increases. BTC is marginally down, continuing to trade around $118,000. The flagship cryptocurrency had briefly crossed $119,000 on Tuesday, reaching an intraday high of $119,037. However, it lost momentum after reaching this level and dropped to a low of $117,060 before moving to current levels. BTC is down 0.22%, trading around $118,119. 

Meanwhile, ETH is up over 1% as it recovers from an intraday low of $3,722. The world’s second-largest cryptocurrency reclaimed $3,800 during the ongoing session and is trading around $3,820. Ripple (XRP) is up 0.60% while Solana (SOL) is down over 1%, trading around $181. Dogecoin (DOGE) is marginally down, while Cardano (ADA) is down 0.50%, trading around $0.787. Stellar (XLM), Chainlink (LINK), Hedera (HBAR), and Polkadot (DOT) also registered notable declines. However, Litecoin (LTC) and Toncoin TON) are trading in positive territory. 

SEC Approves In-Kind Redemptions For Crypto ETPs 

The United States Securities and Exchange Commission (SEC) approved the in-kind creation and redemption of cryptocurrency exchange-traded products (ETPs), allowing authorized representatives to exchange shares directly for underlying crypto assets instead of cash. The SEC stated in its announcement that approved Bitcoin (BTC) and Ethereum (ETH) funds will be allowed to create and redeem shares on an in-kind basis. SEC Chair Paul Atkins stated that the new rules will make crypto ETFs more cost-effective and efficient. 

“It’s a new day at the SEC, and a key priority of my chairmanship is developing a fit-for-purpose regulatory framework for crypto asset markets. In-kind creation and redemption provide flexibility and cost savings to ETP issuers, authorized participants, and investors, resulting in a more efficient market.”

In-kind redemptions allow investors to receive the underlying asset instead of cash when redeeming shares. 

Rakbank Becomes First UAE Bank To Offer Retail Crypto Trading 

The National Bank of Ras Al Khaimah (Rakbank) has become the first conventional bank in the UAE to offer retail crypto trading. The bank announced the launch of the service through its mobile banking app, allowing customers to buy, sell, and swap cryptocurrencies directly from their UAE dirham accounts. Raheel Ahmed, group CEO of Rakbank, stated, 

“We recognize the opportunity this solution will provide to customers in the UAE, as we believe they deserve a more efficient and seamless crypto buying, selling, and swapping journey that is fully regulated and entirely in AED [dirhams].”

The offering is powered by Bitpanda, with transactions facilitated by Bitpanda broker MENA DMCC, a Virtual Assets Regulatory Authority (VARA) regulated entity in Dubai. Customers can trade crypto without transferring funds to an external exchange or converting between fiat currencies, thus eliminating foreign exchange fees. Ahmed added, 

“We are proud to be the first conventional bank in the UAE to enable simple, secure, and regulated access to a world-class digital assets platform.”

Coinbase Sues Alleged Cybersquatter 

Cryptocurrency exchange Coinbase has sued an alleged cybersquatter for squatting on the domain coinbase.de, claiming it was being used to redirect users to an app to trade physical coins and potentially extort the exchange into buying it. According to reports, Coinbase sued Tobias Honscha in a California federal court on Thursday, claiming he was squatting on the domain and using it to redirect users to his app to trade physical coins and earn money as a Coinbase affiliate. The exchange stated in its lawsuit, 

“Coinbase recently became aware that Honscha is using and trafficking in the domain coinbase​.de in bad faith to capitalize on the goodwill that Coinbase has developed in the Coinbase name over the past decade and more.”

According to Coinbase, Honscha had used the domain name to host his affiliate link to the exchange, getting rewarded for directing individuals to sign up through it. Coinbase argued that this violated its affiliate agreement, which states that “an affiliate link cannot masquerade as being the same as Coinbase” or use the words “Coinbase” and “Coin Base” in domain names. 

“Honscha violated the terms of the Affiliate Agreement by using the coinbase​.de domain, which fully incorporates the COINBASE trademark and gives the impression that Honscha is one and the same with Coinbase.”

Coinbase also accused Honscha of attempting to profit from the domain by threatening potential fraud and cybercrimes unless the exchange paid an inflated price for the domain. 

“This is a clear attempt to hold Coinbase hostage by threatening to offload it to a buyer who would weaponize it even more.”

Strategy Purchases 21,000 BTC After Largest Public Offering 

Michael Saylor’s Strategy has announced the purchase of 21,021 BTC after raising $2.5 billion from its fourth preferred stock (STRC), the largest US initial public offering in 2025.. Strategy purchased the coins at an average price of $117,256 per coin. The latest purchase takes the company’s total Bitcoin stash to 628,791 BTC. Strategy raised $2.5 billion through the sale of 28 million Variable Rate Series A Perpetual Preferred Stock (STRC) for $90 per share. The offering was significantly upsized from an initial goal of $500 million. This was the largest IPO in the US in 2025 in terms of gross proceeds, and was twice as large as the $1 billion for stablecoin issuer Circle Internet Group, which went public in June. 

The offering is Strategy’s latest use of financial products to purchase Bitcoin (BTC). The Saylor-led company has utilized equity, debt, and convertible notes to fund its purchases and has influenced several other companies to adopt similar strategies. 

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) remains rangebound as the flagship cryptocurrency continues to hover around the $118,000 mark. The flagship cryptocurrency has traded flat over the past two days despite ending the weekend in positive territory, rising 1.31% on Sunday and settling at $119,398. Monday saw a 1.12% decline, and volatility returned on Tuesday, and the price registered a marginal decline. The current session sees BTC marginally up, trading around $118,283. BTC has remained flat as markets await the Federal Reserve’s decision on interest rates. Experts predict the Fed will keep interest rates steady after the conclusion of the two-day Federal Open Market Committee (FOMC) meeting. 

However, President Trump has applied immense pressure on Fed Chair Jerome Powell to cut interest rates or resign. Markets are bracing for a politically charged day, with Powell set to address the media at his scheduled press conference. Despite the pressure, Powell has been steadfast in holding interest rates at their current level. With inflation higher than the Fed’s target of 2%, most experts predict interest rates will remain unchanged. 

Some market analysts expect the Fed to adopt a less hawkish outlook, especially amid concerns about the impact of Trump’s tariffs and labor market uncertainty. Markets remain risk-averse, with BTC registering marginal declines. The US has announced a trade deal with the EU. However, major economies, including China, still face the risk of steep tariffs from Friday, with President Trump showing little intent to extend the deadline. 

BTC’s bullish setup remains intact, but investors are becoming cautious. The flagship cryptocurrency has traded within a crucial price range since its early July breakout, trading between $115,000 and $120,000, retesting local lows last week before recovering over the weekend. Analysts believe that if BTC can break above $120,000, it could surge towards $130,000. However, a clear rejection from the $120,000 level could send the flagship cryptocurrency towards $114,000. A break below this level would invalidate BTC’s bullish pattern and drive the price towards $100,000. 

BTC traded in the red the previous weekend, dropping 1.31% on Friday (July 18). The price continued dropping on Saturday, registering a marginal decline, and fell 0.48% on Sunday to settle at $117,240. BTC reached an intraday high of $119,603 on Monday. However, it could not stay at this level and fell to $117,397, ultimately registering a marginal increase. Bullish sentiment intensified on Tuesday as BTC rallied, rising over 2% to cross $119,000 and settle at $119,980. Despite the positive sentiment, BTC lost momentum on Wednesday, dropping 0.99% to a low of $117,303 before settling at $118,794.

Source: TradingView

Sellers retained control on Thursday as BTC registered a marginal decline and settled at $118,381. Selling pressure intensified on Friday as the price plunged to an intraday low of $114,770. However, BTC rebounded from this level to reclaim $117,000 and settle at $117,565, ultimately registering a 0.69% drop. The price recovered over the weekend despite selling pressure, rising 0.24% on Saturday and 1.31% on Sunday to cross $119,000 and settle at $119,398. BTC started the current week in bearish territory, dropping over 1% to $118,064. Sellers retained control on Tuesday as the price registered a marginal decline. The current session sees BTC marginally up as buyers and sellers struggle to establish control. Buyers will look to build momentum and push the price towards $120,000. However, the MACD indicates that sellers have the upper hand. 

Ethereum (ETH) Price Analysis 

Ethereum (ETH) has registered a substantial rally this month, crossing $3,000 and reaching a local high of $3,941 at the beginning of the week. However, its stellar rally has stalled in recent sessions as it struggles to build momentum and push above $4,000. However, it has found support around $3,800, indicating that bulls are not ceding ground and signaling potential upside. 

ETH has registered substantial institutional interest in recent weeks, with Ethereum treasury companies scooping up 1% of all ETH in circulation in just over two months. ETH strategic reserves are worth nearly $9 billion, close to 2% of the total supply, according to data from Strategic ETH Reserve. Geoff Kendrick, global head of digital assets research at Standard Chartered, believes ETH treasury companies could grow tenfold in the next few years. 

“If the flows can continue, ETH may be able to break above the key $4,000 level (our current end-2025 forecast). We think ETH treasury companies have even more growth potential than BTC ones from a regulatory arbitrage perspective. We think they may eventually end up owning 10% of all ETH, a 10x increase from current holdings.”

Kendrick pointed out that ETH treasury companies are growing at twice that of their BTC counterparts, with the largest, BitMine, accumulating over $2 billion worth of ETH. SharpLink has also increased the pace of its accumulation, amassing $1.3 billion worth of ETH. Joe Lubin, the firm’s chairman, stated, 

“We believe that we’ll be able to accumulate more Ether per fully diluted share — much faster than any other Ethereum-based project, or certainly faster than the Bitcoin-based projects.”

ETH traded in positive territory last Friday (July 18), rising 1.99% to $3,548. The price continued to rise over the weekend, increasing 1.31% on Saturday and nearly 5% on Sunday to cross $3,700 and settle at $3,757. Buyers retained control on Monday despite losing momentum as ETH registered a marginal increase and settled at $3,764. The price registered a marginal decline on Tuesday, falling to $3,747. Selling pressure intensified on Wednesday as ETH plunged to an intraday low of $3,531 before reclaiming $3,600 and settling at $3,629, ultimately registering a drop of over 3%.

Source: TradingView

ETH recovered on Thursday, rising over 2% to reclaim $3,700 and settle at $3,707. The price continued pushing higher on Friday, rising 0.50% and settling at $3,726 after falling to a low of $3,726. Buyers retained control over the weekend as ETH registered a marginal increase on Saturday and then rose 3.53% on Sunday to settle at $3,875. Despite the positive sentiment, ETH lost momentum on Monday, dropping over 2% to $3,796. The price registered a marginal decline on Tuesday but has recovered during the ongoing session, with the price up almost 1%, trading around $3,821.

Solana (SOL) Price Analysis

Solana’s (SOL) rally has cooled over the past few days, losing momentum after breaching $200 on Tuesday (July 22). The altcoin has dropped over 7% since, as it struggles to stay above $180. Analysts believe this is a healthy correction, but on-chain metrics suggest the decline could continue longer than expected. Solana’s Spent Output Profit Ratio (SOPR), which tracks whether token holders are selling their assets at a profit or loss, fell to 1 over the past week, indicating that SOL wallets are barely breaking even. The Bull-Bear Power Index is also losing steam and has been trending downwards, indicating that buyers are losing momentum as the correction drags on.

SOL’s price action was mixed over the previous weekend, rising 0.77% on Friday before registering a marginal decline on Saturday. The price recovered on Sunday, increasing 2.48% to cross $180 and settle at $181. Bullish sentiment intensified on Monday as SOL rallied, rising nearly 8% to cross $190 and settle at $195. Buyers retained control on Tuesday as the price rose over 5% to cross $200 and settle at $205. However, it lost momentum on Wednesday, dropping nearly 8% to slip below $200 and settle at $189.

Source: TradingView

Sellers retained control on Thursday as SOL fell 3.46% and settled at $182. Selling pressure intensified on Friday as the price fell to an intraday low of $175. However, it rebounded from this level to reclaim $180 and settle at $186, ultimately registering a 2.13% increase. Price action was mixed over the weekend as SOL dropped 0.99% on Saturday and then rose 2% on Sunday, ending the weekend at $188. Sellers retained control on Monday as the price fell 3% to $183. SOL continued dropping on Tuesday, falling 0.84% and settling at $181. The current session sees the price marginally down as buyers struggle to keep it above $180.

Dogecoin (DOGE) Price Analysis

Dogecoin (DOGE) was quite bullish over the previous weekend, rising 2.46% on Saturday and then surging nearly 14% on Sunday to settle at $0.274. Despite the positive momentum, sentiment changed on Monday as the price encountered selling pressure and volatility, ultimately dropping 1.17% to $0.271. Sellers retained control on Tuesday as DOGE registered a marginal decline. Bearish sentiment intensified on Wednesday after DOGE plunged nearly 12% and settled at $0.239. The price continued to drop on Thursday, falling over 3% to $0.232, but not before dropping to an intraday low of $0.222.

Source: TradingView

DOGE fell to an intraday low of $0.221 on Friday. However, it recovered from this level to register a 2.41% increase and settle at $0.237. Price action was mixed over the weekend as DOGE registered a marginal decline on Saturday and then rose almost 2% on Sunday to settle at $0.240. The memecoin started the current week in the red, dropping over 6% and settling at $0.225. Sellers retained control on Tuesday as the price fell 0.49% to $0.224. The current session sees DOGE down 1.43%, trading around $0.219.

Uniswap (UNI) Price Analysis

Uniswap (UNI) registered a substantial decline this week as markets turned risk-averse. The altcoin dropped over 5% on Monday despite a positive weekend, and is down nearly 2% during the ongoing session.

UNI rallied on Friday (July 18), rising over 13% to cross $10 and settle at $10.13. The price traded in positive territory over the weekend, registering a marginal gain on Saturday before rising nearly 5% on Sunday to settle at $10.65. UNI faced volatility on Monday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as the price rose 1.65% to $10.82. UNI lost momentum on Tuesday, falling to a low of $10.12 before settling at $10.75, ultimately dropping 0.66%. Selling pressure intensified on Wednesday as the price fell more than 5% to $10.17.

Source: TradingView

UNI continued its downward trajectory on Thursday, dropping 0.52% to $10.12. Despite the selling pressure, UNI recovered on Friday, rising almost 3% to $10.42. Buyers retained control over the weekend as the price rose 1.21% on Saturday and 4% on Sunday to settle at $11. However, it lost momentum on Monday, dropping 5.41% to $10.40. UNI continued dropping on Tuesday, falling 1% to $10.30. The current session sees the price down 1.11%, trading around $10.19.

Filecoin (FIL) Price Analysis

Filecoin (FIL) started the previous week on a bullish note, rising 0.99% on Monday and settling at $2.92. The altcoin faced substantial selling pressure on Tuesday as it plunged to an intraday low of $2.75. However, it rebounded from this level to reclaim $2.90, registering a marginal increase. Selling pressure returned on Wednesday as FIL fell over 10% to a low of $2.56 before settling at $2.63. Sellers retained control on Thursday with the price dropping over 2% to $2.58. Despite the overwhelming selling pressure, FIL recovered on Friday, rising 2.58% and moving to $2.64.

Source: TradingView

FIL traded in positive territory over the weekend, registering a marginal increase on Saturday and then rising nearly 4% on Sunday to settle at $2.75. Despite the positive sentiment, FIL was back in the red on Monday, dropping almost 6% to $2.59. Sellers retained control on Tuesday as the price fell 1.06% and settled at $2.57. The current session sees FIL down almost 2%, trading around $2.52.

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.