July Crypto Market Report: Bitcoin Hits New All-Time High, Ethereum Shows Strong Performance

July 2025 was a hot month for the crypto market, with Bitcoin reaching a new all-time high, Ethereum's 17% monthly gain, and institutional interest in crypto growing significantly. Finestel's July market report highlights the shift from active trading to an accumulation phase and notes that August may be a pivotal month for Bitcoin's price, potentially reaching $105,000 or $130,000, depending on the Fed's rate cuts and Solana's Seeker Ships performance.

July 2025 was a pivotal month for the crypto market, marked by significant growth and institutional interest. Bitcoin reached a new all-time high, while Ethereum's 17% monthly gain and robust institutional adoption set the stage for potential price movements in August.

MARA Holdings, Inc. (NASDAQ: MARA), a prominent player in the Bitcoin mining sector, reported a 1% decline in Bitcoin production for July 2025 [1]. The company produced 703 bitcoins, marking a 1% decrease from June’s output of 713 BTC. The number of blocks won fell by 2% month-over-month to 207, with average daily Bitcoin production down to 22.7 from 23.8 in June. This reduction was primarily attributed to a 9% increase in mining difficulty and global hashrate recovery following earlier seasonal reductions.

Despite the dip in production, MARA’s energized hashrate improved by 3%, reaching 58.9 exahashes per second (EH/s). The company also highlighted progress at its Texas wind farm data center, expected to commence energization in the second half of the year. MARA closed July with a total Bitcoin holding of 50,639 BTC, reinforcing its position as the second-largest publicly traded Bitcoin treasury globally [1].

The crypto market saw significant growth led by Ethereum (ETH), which experienced a 53% monthly gain [2]. The surge in ETH demand stemmed from growing institutional adoption, the appeal of staking yields, and a wave of companies adding ETH to their reserves. July marked a record-breaking month for spot ETH ETFs, which attracted over $5.4 billion in net inflows, greater than in all previous months combined since their launch. The assets under management (AUM) of the ETH ETFs surged by 120%, significantly higher than the 14% growth of the AUM of BTC ETFs [2].

The market reacted to MARA's update with mixed sentiments. As of August 4, MARA shares traded at $15.90, up approximately 2.6% on the day and reflecting a weekly decline of nearly 7.34%. Over the past 12 months, the stock has lost about 7% of its value, significantly underperforming both the S&P 500 and the broader crypto sector [1]. The company’s market cap stands at $5.89 billion.

Finestel's July market report highlighted the shift from active trading to an accumulation phase and noted that August may be a pivotal month for Bitcoin's price, potentially reaching $105,000 or $130,000, depending on the Fed's rate cuts and Solana's Seeker Ships performance [3].

References:
[1] https://www.coinspeaker.com/mara-holdings-bitcoin-production-drops-1-in-july-amid-mining-difficulty-surge/
[2] https://crypto.com/us/research/market-update-jul-2025
[3] Finestel July Market Report