<\/p>\n
Ethereum ETFs see record inflows as House pushes crypto bills, but investor confidence continues to waver.<\/p>\n
The cryptocurrency markets were mixed on Thursday, July 17, with most large-cap assets seeing modest gains or trading flat following’s yesterday’s rally<\/a>, as President Donald Trump\u2019s new tariff threats and \u201cCrypto Week\u201d confusion unsettled investors.<\/p>\n Bitcoin (BTC)<\/a> held steady on Thursday at $119,600 \u2013 a 5% increase over the past week. Ethereum (ETH)<\/a> is up 2.7% over the past 24 hours to trade around $3,430, extending its weekly gain to over 21%. This marks ETH\u2019s highest price since around mid-January. <\/p>\n XRP<\/a> was the top-gainer among the largest crypto assets today, up by 9% to $3.35 \u2014 up over 34% in the past seven days. <\/p>\n Solana (SOL)<\/a> traded flat at $174, up around 9% over the past week. Total crypto market capitalization is down 2.3% in the past 24 hours, hovering around approximately $3.9 trillion, according to CoinGecko<\/a>. Trading volume over the same period reached $237 billion.<\/p>\n Over the past 24 hours, more than $478 million in crypto positions were liquidated, according to CoinGlass<\/a> data. Short positions made up $237 million, while long positions accounted for $241 million. Ethereum led liquidations with $168 million, followed by Bitcoin at $62 million.<\/p>\n On the ETF front, U.S. spot Bitcoin ETFs recorded over $799 million in inflows on July 16, according to SoSoValue<\/a>. Meanwhile, Ethereum ETFs attracted $726.74 million inflows \u2013 their highest single-day inflows<\/a> to date. <\/p>\n The record inflows were led by BlackRock\u2019s iShares Ethereum Trust (ETHA)<\/a>, which pulled in $499 million alone. The surge in demand reflects growing investor confidence, as ETH pushed past $3,000 for the first time since February less than a week ago.<\/p>\n Thursday\u2019s crypto market reflects broader mixed signals: strong ETF inflows suggest rising interest, but Trump\u2019s new tariff threats and political drama around \u201cCrypto Week\u201d<\/a> are shaking investor confidence.<\/p>\n After several days of delays, House Republicans on Thursday finally got back on track<\/a> to make a final vote on three crypto-related bills, which had been stalled by disagreements. The House is now expected to vote<\/a> on the GENIUS Act, the Clarity Act, and the Anti-CBDC Surveillance State Act this afternoon. If passed, they would go to President Trump\u2019s desk next for signature.<\/p>\n \u201cCrypto Week underscores the urgency for the U.S. to act decisively,\u201d Manthan Dav\u00e9, co-founder of Palisade, said in a statement shared with The Defiant. \u201cIf the Act merely establishes a siloed U.S. stablecoin ecosystem, even with strong backing requirements, it risks stifling the burgeoning on-chain finance sector.\u201d<\/p>\n Dav\u00e9 warned that global businesses \u201cwon\u2019t wait for Washington to figure it out, they\u2019ll go where the rules are clear, enforceable, and consistent.\u201d <\/p>\nLiquidations and ETFs \u2014 ETH ETFs See Record Inflows<\/h2>\n
Crypto Week Confusion and Trump\u2019s Tariffs<\/h2>\n