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AnalysisCryptocurrencies

Cryptocurrencies Rally Strongly: BTC Breaks $65,000, ETH Tops $1,900 Mark

TradingKey

AuthorBlock Tao

Jul 21, 2026 1:55 AM

AI Podcast

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On July 21, the cryptocurrency market rebounded, with total capitalization exceeding $2.2 trillion. Bitcoin reclaimed the $65,000 threshold, rising 0.77%, while Ethereum surpassed $1,900 with a 1.54% gain. This recovery follows fading fears of secondary inflation, evidenced by cooling crude oil prices despite geopolitical tensions. Investor sentiment has shifted as safe-haven and risk-tolerant capital flowed into liquid crypto assets. Notably, U.S. spot Bitcoin and Ethereum ETFs reported consecutive net inflows, underscoring sustained institutional demand and renewed market confidence despite underlying macroeconomic uncertainties.

AI-generated summary

TradingKey - Market fear of secondary inflation is gradually subsiding as the crypto market rebounds, with both Bitcoin and Ethereum rising to reclaim key thresholds.

On July 21, the cryptocurrency market experienced a broad rebound, with the total market capitalization climbing back above $2.2 trillion. Over the past 24 hours, Bitcoin ( BTC) rose 0.77% to temporarily trade at $65,315; Ethereum ( ETH) surged 1.54% to temporarily trade at $1,907; while Binance Coin ( BNB ), Ripple ( XRP ), Solana ( SOL) and other major coins recorded gains of varying degrees.

Crypto-marketcap-top10-85421e1520214263a31277b29183182a Gains and losses of the top ten cryptocurrencies by market capitalization, Source: CoinMarketCap

Despite the ongoing conflict and blockade between the U.S. and Iran in the Strait of Hormuz, the market's fear of secondary inflation triggered by surging crude oil has gradually subsided at the margin. This morning, WTI crude ( USOIL) fell 0.24% to temporarily trade at $82.18/barrel; Brent crude ( UKOIL) fell 0.8% to temporarily trade at $87.66/barrel.

Under these circumstances, some safe-haven capital and high-risk-tolerance funds were reallocated into highly liquid "24/7" crypto assets. Spot Bitcoin ETFs in the U.S. recorded inflows for five consecutive trading days, and Ethereum posted net inflows for two consecutive trading days, pushing Bitcoin to once again break through the key $65,000 threshold, while Ethereum also climbed back above the $1,900 mark, driven by strong buying pressure.

This content was translated using AI and reviewed for clarity. It is for informational purposes only.

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Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

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