Crypto Market Highlights: Top Gainers, Trends, and Key Events

The crypto market witnessed significant development this week, highlighting the demand and growth of the industry. Notably, the trajectory of the digital assets has remained primarily bullish this week, except for minor corrections here and there. The bullishness was built as many prominent events and trends emerged. Here’s the breakdown of top gainers and the week’s biggest stories.

Top Crypto Market Events and Highlights of this Week

The biggest crypto market event between July 14 and July 20 was the ‘Crypto Week,’ organised by the U.S. House of Representatives. The event is now officially wrapped, with the Senate approving three bills and one, the GENIUS Act, turning into law with the U.S. President Donald Trump’s signature.

✅ GENIUS ACT SIGNED INTO LAW

“The GENIUS Act creates a clear and simple regulatory framework to establish & unleash the immense promise of dollar-backed stablecoins. This could be perhaps the GREATEST revolution in financial technology since the birth of the internet itself.” pic.twitter.com/CH5pnznAuf

— The White House (@WhiteHouse) July 18, 2025

This resulted in the Bitcoin price hitting a new ATH of $123k as investors’ sentiments turned bullish and whale activity peaked. The rest of the altcoins skyrocketed, fueling the hype around altcoin season and more.

Just recently, the crypto market cap hit the $4 trillion mark, a major milestone for investors. As Bitcoin, Ethereum, Solana, and others surged with bullish sentiments, the market flourished. Notably, the crypto ETFs also witnessed the impact, with $2.39 billion flowing into BTC funds and $1.8 billion in ETH.

ProShares XRP ETF, which offers 2x daily leverage exposure to XRP, also launched on July 18. Over $1.5 billion in token unlocks, dominated by 90 million TRUMP tokens, took place, and much more. Overall, the market remained highly favorable for investors this week. However, consolidation also followed the rally on July 19, but remained relatively stable.

Top Gainers of the Crypto Market

Despite Bitcoin price hitting a new ATH, it is not among the top performers of the market this week. Instead, Bonk, Curve Dao Token (CRV), Pudgy Penguin (PENGU), FLOKI, and Hedera (HBAR) are the top crypto gainers with their significant rallies.

Topping the charts, the popular Solana meme coin, Bonk, currently trades at $0.00003383 with a 52.5% rally over the week. The massive spike in trading volume, short liquidation, and institutional interest (being added to Grayscale’s watchlist) has made this Bonk price rally possible.

CRV comes next with a 48% rally over the week, currently trading at $0.09406, per CoinMarketCap. Its surge is due to stablecoin trading growth and protocol upgrades. As the stablecoin industry demand boosted amid the GENIUS Act passing, investors withdrew their tokens from exchanges and went on a buying spree, fueling its price.

Pudgy Penguins token PENGU is also leading the top performers of the market with a 46% rally over the week and 16% on July 19 alone. The token currently trades at $0.03336 and is in demand due to its parent company, Igloo Inc.’s development plans, and technical breakout.

Next comes FLOKI, which is in the top crypto gainers list for two consecutive weeks. It currently trades at $0.0001393 after 8% surge on July 19 and 44% over the week due to meme coins’ demand and breakout from a multi-month trendline.

Last but not least is the Hedera (HBAR) with a 33.5% rally over the week, trading at $0.02713.