by Coinstrooper Crypto Articles
Quick Take
  • The crypto market rose on July 10, lifting the total crypto market cap 1.24% to $2.18 trillion.
  • The gains came after Bitcoin ETF flows turned green for the first time in eight weeks, while US crypto legislation optimism added fuel.
  • The clearest driver is money returning through US spot Bitcoin ETFs.
  • In the week to July 9, the funds took in about $106.96 million, their first green week after eight straight weeks of outflows.

What Happened

However, the odds have cooled. Prediction markets slid from 74% to 46%, a coin flip. Galaxy, an investment firm, cut its 2026 odds to 60%.

Market Context

The crypto market rose on July 10, lifting the total crypto market cap 1.24% to $2.18 trillion. The gains came after Bitcoin ETF flows turned green for the first time in eight weeks, while US crypto legislation optimism added fuel.

As a result, the total crypto market cap climbed 1.24% to $2.18 trillion. It now needs a daily close above $2.21 trillion to show strength, then $2.22 and $2.29 trillion. If the rally fades, $2.15 trillion is the first floor.

Meanwhile, traders are front-running Washington. The Senate returns July 13 with eight working days to move the CLARITY Act, a market-structure bill splitting SEC and CFTC oversight, before recess.

Among crypto market gainers, Zcash (ZEC) rose 6.4% to near $502, extending its weekly gain to 15%. Still, the chart stays bearish, tracing a head-and-shoulders top, a reversal pattern, with roughly 28% downside risk.

To weaken it, ZEC needs a daily close above $512, and above $542 to invalidate it. Volume has fallen across sessions, so that breakout looks doubtful, and failure risks a slide to $471, $445, then the $338 neckline. The $512 level separates a real recovery from a deeper correction.

Bear Case: fading volume points toward the $338 neckline

The post Why Is The Crypto Market Up Today? appeared first on BeInCrypto.

Why It Matters

Line In Sand: daily close above $2.21 trillion signals strength

Catalyst: clearer SEC and CFTC rules de-risk US crypto

Details

1. ETF Flows Turn Green After Eight Weeks of Bleeding

The clearest driver is money returning through US spot Bitcoin ETFs. In the week to July 9, the funds took in about $106.96 million, their first green week after eight straight weeks of outflows. Because ETF buying means real Bitcoin is bought, the flip adds a bid.

Trigger: ETF flows +$106.96 million, first green week in eight

Downside: losing $2.15 trillion opens $2.12 and $2.09 trillion

2. US Crypto Legislation Optimism Builds Before the Senate Returns

Even so, Galaxy’s Alex Thorn says the industry gets most of what it wants through agency guidance anyway, keeping sentiment firm.

Timeline: Senate returns July 13, recess looms in August

Caveat: passage odds have slid to a coin flip

Coin Spotlight: Zcash (ZEC) Jumps 6% but Stays Trapped

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Move: up 6.4% today, 15% on the week

Make-or-Break: needs a daily close above $512