Bitcoin News Today: Crypto Market Surges 24% as Ethereum Hits $3,700

The cryptocurrency market has been on an upward trajectory, with Bitcoin and Ethereum leading the charge. Bitcoin's price has set new records, while Ethereum has surpassed the $3,700 mark, marking a 24% increase over the past week. Bitcoin, however, has remained relatively stable compared to last week's levels.

In addition to the price movements of major cryptocurrencies, the upcoming week will see a significant number of token unlocking events for various altcoins. These events, where a large number of tokens are released into the market, can have a substantial impact on the market dynamics of these altcoins. The schedule for these token unlocking events is as follows:

On July 21, 2025, at 03:00, Plume (PLUME) will unlock $27.75 million worth of tokens, representing 9.44% of its market value of $292.55 million. On July 22, 2025, Hyperlane (HYPER) will unlock $5.02 million worth of tokens at 03:00, and Space ID (ID) will unlock $2.36 million worth of tokens at 23:00. The market values for Hyperlane and Space ID are $62.69 million and $200.39 million, respectively.

On July 23, 2025, at 03:00, AnimeCoin (ANIME) will unlock $1.27 million worth of tokens, and Available will unlock $19.44 million worth of tokens. The market values for AnimeCoin and Available are $107.45 million and $49.90 million, respectively. On the same day, at 03:00, Initia (INIT) will unlock $1.22 million worth of tokens, and SoSoValue (SOSO) will unlock $4.22 million worth of tokens. The market values for Initia and SoSoValue are $78.70 million and $71.94 million, respectively.

On July 24, 2025, at 03:00, Newton Protocol (NEWT) will unlock $2.00 million worth of tokens. The market value for Newton Protocol is $68.61 million. On the same day, at 03:00, Venom (VENOM) will unlock $12.64 million worth of tokens, and Humanity (H) will unlock $4.77 million worth of tokens. The market values for Venom and Humanity are $464.21 million and $96.71 million, respectively.

On July 25, 2025, at 03:00, GateToken (GT) will unlock $117.54 million worth of tokens, and Euler (EUL) will unlock $1.50 million worth of tokens. The market values for GateToken and Euler are $2.17 billion and $241.60 million, respectively. On the same day, at 03:00, Amnis Finance (AMI) will unlock $1.99 million worth of tokens, and Sahara AI (SAHARA) will unlock $7.23 million worth of tokens at 15:00. The market values for Amnis Finance and Sahara AI are $6.40 million and $164.44 million, respectively.

On July 26, 2025, at 03:00, Funtico (TICO) will unlock $4.44 million worth of tokens, and Moonveil (MORE) will unlock $1.03 million worth of tokens. The market values for Funtico and Moonveil are $14.76 million and $13.19 million, respectively. On the same day, at 03:00, Blum (BLUM) will unlock $2.30 million worth of tokens, and Axelar (AXL) will unlock $4.88 million worth of tokens at 08:00. The market values for Blum and Axelar are $6.80 million and $392.18 million, respectively.

On July 27, 2025, at 15:00, Resolv Labs (RESOLV) will unlock $4.81 million worth of tokens, and Yield Guild Games (YGG) will unlock $1.73 million worth of tokens at 17:00. The market values for Resolv Labs and Yield Guild Games are $40.81 million and $103.38 million, respectively.

These token unlocking events are expected to have a significant impact on the market dynamics of these altcoins. The increased supply of tokens could lead to selling pressure, which could cause price volatility. However, the increased trading activity could also lead to increased liquidity, which could support price stability. Investors and traders should monitor the market closely and be prepared for potential price movements.