Crypto Market Recap: Bitcoin Holds $65K as Majors Rise
The cryptocurrency market opened the final week of July 2026 on firm footing, with Bitcoin holding above the $65,000 level and the broader market edging higher. After a week of two-way trade driven by conflicting macro signals, the total crypto market capitalisation sits near $2.2 trillion, up roughly 0.65% over the past 24 hours. This recap breaks down how the top coins performed over the last seven days and what it means for investors following the blockchain sector from Israel.
Thank you for reading this post, don't forget to subscribe!Bitcoin steadies above $65,000
Bitcoin, the largest cryptocurrency by market value, traded around $64,955 to open Monday, essentially flat on the day and up close to 1% over the past week. The asset spent most of the week oscillating between roughly $62,000 and $65,500, and its ability to defend the $65,000 handle is being read by traders as a sign of underlying resilience. With a market capitalisation near $1.23 trillion, Bitcoin still commands roughly 55% of the entire crypto market, a dominance level that underscores its role as the sector’s anchor asset.
The steadiness comes despite a choppy macro backdrop. Earlier in July, a softer-than-expected U.S. inflation report — the largest single-month decline in consumer prices in years — lifted risk appetite across markets. That tailwind was partly offset by higher oil prices and fresh tariff measures that pushed U.S. Treasury yields higher, drawing some institutional money back toward bonds and away from risk assets such as Bitcoin.
Ethereum and Solana lead the majors
Ethereum was the standout among the large caps, adding roughly 4% over the week to trade in the $1,880 to $1,910 range. Technically, ETH closed above its 100-day exponential moving average, a level many analysts watch as a dividing line between short-term bullish and bearish momentum. Ethereum has also outperformed most other majors on a year-to-date basis, helped by steady demand for block space and continued growth in its layer-2 ecosystem.
Solana was the fastest mover of the week, climbing around 5% to trade near $77 and leading the major coins higher. Network activity has been a big part of the story: active addresses have been retesting yearly highs and transaction throughput has trended toward new records. XRP, by contrast, was the most muted of the majors, holding around $1.10 with only a modest weekly gain as it consolidated recent moves.
Seven-day snapshot of the top coins
| Asset | Approx. price | 7-day change | Signal |
|---|---|---|---|
| Bitcoin (BTC) | ~$65,000 | +1% | Defending $65K; ~55% dominance |
| Ethereum (ETH) | ~$1,890 | +4% | Back above 100-day EMA |
| Solana (SOL) | ~$77 | +5% | Leading majors; rising activity |
| XRP | ~$1.10 | +1% | Muted; consolidating |
Sentiment was also helped by a calmer geopolitical picture. A risk-off mood that had weighed on markets earlier in the month eased as the United States and Iran extended a pause in hostilities and peace talks continued in Oman. With less headline risk, traders were more willing to add exposure to the crypto market heading into the new week.
Under the surface, the plumbing of the crypto market looked healthy. Stablecoins — dollar-pegged tokens such as USDT and USDC that traders use as a cash leg — continued to account for a large share of on-chain settlement, and trading volumes stayed active without the panic spikes that mark forced selling. That combination of firm prices and orderly volume is typically what a constructive, low-drama week looks like: buyers are present, but nobody is chasing.
Looking at the week ahead, three things will set the tone. First, U.S. macro data and Treasury yields, which have been the single biggest swing factor for risk assets this month. Second, spot ETF flows across Bitcoin, Ethereum and now Solana, which reveal whether institutions are adding or trimming. Third, whether Bitcoin can turn the $65,000 level from resistance into durable support. A clean hold there would give altcoins room to keep outperforming.
The Israeli blockchain angle
For Israeli investors and blockchain builders, the regulatory picture remains as relevant as the price action. Israel is not subject to the EU’s MiCA framework, and its approach to digital assets remains multi-agency: the Capital Market, Insurance and Savings Authority licenses virtual asset service providers, while the Israel Securities Authority (ISA) decides when a token qualifies as a security. As of 2026 there is still no single, dedicated digital-assets law on the books.
That may be starting to shift. In January 2026 the ISA published a proposed amendment to modernise its rules on digital investment advice, and it has signalled that it wants to formally define “digital assets” and “digital investment assets” in securities law so it can supervise the space more effectively. In parallel, the Israeli Crypto, Blockchain and Web 3.0 Companies Forum has been lobbying for reforms that would relax rules on stablecoins and tokenization and simplify tax compliance. Israeli holders should remember that crypto is treated as a taxable asset, with capital gains generally taxed at 25% for individuals. Weeks like this one — steady prices, improving sentiment — are exactly when local founders and funds tend to revisit their treasury and product plans.
The bottom line
The week’s message is one of quiet strength rather than fireworks: Bitcoin defending $65,000, Ethereum reclaiming a key technical level, and Solana leading the majors on rising network use. Year-end forecasts remain wide, with Standard Chartered reiterating a $100,000 Bitcoin target while prediction markets cluster nearer $70,000 to $75,000. For deeper coverage, browse our Market Analysis and Regulation & ETF sections.
For Hebrew-language coverage of these markets, visit coindex.co.il. Portuguese readers can find similar analysis at coindice.com.br.
This content is for informational purposes only and does not constitute financial advice.
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