- Altcoin market cap hits $1.5 trillion USD this week, sector valuations not seen since the start of 2025.
- Further regulatory tailwinds: ‘Ethereum Is Not a Security’ statement sparks another win for the industry.
- Charts I’m watching: Bitcoin, weakness on the weekly chart
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It’s another week of green as markets come back to life, and this time, it’s not just Bitcoin enjoying the limelight.
However, we are now seeing a bit of a pullback heading into the back of the week – more on that soon…
But to reflect on altcoin markets recently, this is the first time since the start of 2025 that the market cap of all coins except Bitcoin has reached valuations of $1.5 trillion USD.
ETF Demand for ETH
And when we look at crypto ETF activity, there is a telling tale of demand. According to Farside data, 59% of all Ethereum net inflows have occurred since the start of June 2025 – a striking trend considering these ETFs debuted in July 2024.
We may have further industry clarity to thank for this surging demand for Ethereum, on which there has been major progress as of last week.
Further Industry Clarity
With the passing of the GENIUS, Clarity, and anti-CBDC bills in the US last week, the market is now seeing the first steps toward what the Trump administration had pledged – a legal framework paving the way forward.
And to fan further optimism, Securities and Exchange Commission (SEC) Chairman, Paul Atkins made headlines this week, stating that Ethereum is ‘not a security.’
As Commissioner Atkins says in his interview with CNBC, this is a step for further innovation for the Ethereum blockchain.
What you need to know about this news is simple – it could set a precedent for how other digital infrastructure assets are treated in the US, potentially easing investor concerns and opening the door to broader institutional participation.
But like I said at the start of this write up, it’s not all been green and gravy for Bitcoin and altcoin markets.
Let’s talk about the ugly I saw on the charts at the start of this week, which have now come to life as we see Bitcoin trading around $115k USD.
Bitcoin showing a sign of weakness on a high time frame.
If prices stay within current ranges of sub $120,000 – we are not looking great. There is a good chance that we start to push lower and retest some levels below.
I’ll show you what I mean.
This pattern is often referred to as a single failure pattern (SFP), and it essentially sets up the scenario where a reversal could form.
Think about it like this – during the previous week’s candle, we pushed to new all-time highs, while we had more selling than buying. It’s simply just that. The BTC run never likely to be sustainable.
Big news week ahead
We also have major news events landing all through next week, so it’s understandable the market is taking a more cautious approach into key growth, inflation and employment data releases.
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