The crypto market saw significant action on July 16, 2025, with Bitcoin correcting from its all-time high and regulatory developments taking center stage.
Crypto Market Overview
Here’s a crypto market recap of the key highlights from the past 24 hours.
Bitcoin Adjusts After Record High
- Bitcoin (BTC): After hitting a historic peak of $123,000 on July 15, BTC corrected to around $116,000 by July 16 morning, coinciding with the U.S. CPI data release. Spot Bitcoin ETF inflows remain strong, though some funds saw minor outflows. Technical indicators suggest a potential short-term consolidation.
- Altcoins: Ethereum (ETH) held steady at $3,000, while XRP, Solana (SOL), and Dogecoin (DOGE) gained 2-3%, riding BTC’s momentum. Memecoins like Pudgy Penguins (PENGU), Shiba Inu (SHIB), and Pepe (PEPE) surged, with PENGU up 15%.
- Market Dynamics: Trading volume hit $300B, with DeFi and stablecoins dominating at 48% and 96%, respectively. Over $800M in long positions were liquidated as BTC pulled back.
Meme Coin Highlights
- $BONKA (wife of $BONK): $bonk wife. 80% of the supply is locked till $bonka hits 1B and makes her husband jealous enough.
- $COMMUNITY (COMMUNITY): not a token with a community, a community with a token.
- $KIPPAH (kippahstayson.sol): A Solana meme coin surges over 5000% since its launch.
- $JEWMODE (jew mode): Inspired by @a1lon9’s tweet on X.
- $Ani (Ani Grok Companion): A meme coin built on Solana whose inspiration is Ani, a newly released companion character in xAI’s AI mode of Grok.
- $JEWLESS (Jewless Coin): $USELESS dev has launched $jewless on $BONK
- $NEWCOIN (NewCoin): A new coin surges over 1700% on Solana since launching.
- $PUMP (Pump): A utility token of Pump.fun continues rising today.
- $rudi (rudi): Still surging today, the MC reaches $2M
- $AIC (Crypticorn): Crypticorn token offers AI-based solutions for both active and passive investors.
Regulatory and Policy Updates
- United States: The much-hyped “Crypto Week” led by President Trump faced a setback as key crypto regulation bills failed to pass the U.S. House, sparking cautious market sentiment. Trump’s push for a strategic Bitcoin reserve continues to drive optimism.
- Vietnam: Prime Minister Phạm Minh Chính’s directive (104/CĐ-TTg) urged the Ministry of Finance to submit a draft resolution for a pilot crypto asset market by July 15, marking a significant step toward legalizing crypto in Vietnam, with an estimated 21 million crypto investors and over $100B in annual transactions.
- Hong Kong: Plans for a stablecoin regulation bill by late 2025 aim to enhance market transparency and stability.
Market Trends and Sentiment
- Memecoin Frenzy: Posts on X highlight strong FOMO around memecoins like DOGE, SHIB, and PEPE, though high volatility risks remain.
- Market Outlook: Analysts on X predict short-term consolidation due to overbought RSI signals, with long-term bullish sentiment intact.
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