Crypto Weekly Analysis: Winners Tezos, Curve DAO Token, and Ethena Rise Amid Market Shifts

In the ever-evolving landscape of cryptocurrency, the week of July 21, 2025, showcased significant fluctuations in market dynamics, with Tezos (XTZ), Curve DAO Token (CRV), and Ethena (ENA) emerging as notable winners amidst a backdrop of volatility. This report examines the performance of these cryptocurrencies in the context of broader market trends, institutional activities, and potential future implications.

**Market Overview** The cryptocurrency market witnessed substantial movements this past week, with a total market capitalization reaching approximately $3.996 trillion, according to data from CoinMarketCap. Bitcoin (BTC) experienced a remarkable surge, reaching an all-time high of nearly $123,000, while Ethereum (ETH) surpassed $3,400. These milestones were complemented by institutional engagement, including Standard Chartered's launch of Bitcoin/Ethereum trading and investments from Peter Thiel's fund into BitMine, as reported by AMBCrypto on July 21, 2025.

**Winners of the Week** 1. **Tezos (XTZ)** Tezos emerged as the top gainer, witnessing an impressive rally of over 80% from its opening price of $0.64. The cryptocurrency reclaimed critical resistance at the $1 mark, a level it had struggled to maintain since the first quarter of the year. The breakout was primarily attributed to renewed buying interest and a significant daily increase of 48.48% on July 19, marking its largest daily gain since November 2024. Analysts suggest that if momentum persists, XTZ could target the $1.20 resistance zone in the coming week. However, caution is advised, as profit-taking could lead to a pullback if buying pressure diminishes.

2. **Curve DAO Token (CRV)** Following closely, Curve DAO Token recorded a 61% gain from its opening price of $0.61. CRV successfully broke through the $0.75-$0.85 supply zone, reaching $1. Despite a brief intraday dip, CRV's recovery indicates that bullish sentiment remains intact. Market analysts posit that if this upward trajectory continues, CRV could potentially aim for a target of $1.10.

3. **Ethena (ENA)** Ethena, a banking protocol, rebounded significantly with a 56% increase off its base price of $0.32. This surge suggests a shift in market sentiment, as ENA broke through a key psychological resistance level that had thwarted its progress since May. Following a strong intraday spike of 11.20% on July 19, analysts remain optimistic about ENA's prospects, with targets set towards $0.65 if bullish momentum sustains.

**Losers of the Week** Conversely, the market also saw several cryptocurrencies struggle. 1. **Pump.fun (PUMP)** PUMP, a utility-focused memecoin, faced a dramatic decline of nearly 40%, closing around $0.004. This downturn was indicative of a typical hype cycle correction, as early investors capitalized on short-term gains. Despite this, a minor recovery of 8.86% suggests that some buyers are considering a dip-buying strategy, albeit with caution regarding future price movements.

2. **Hyperliquid (HYPE)** Hyperliquid experienced a 6.5% pullback from its opening price of $48, following a previous all-time high of $49.42. Market experts note that this retracement is typical behavior following significant price increases. A rally could potentially resume if support holds around $45, with analysts watching for a breakout above $50.

3. **Pi (PI)** Pi, a social-driven digital asset, recorded a 4.2% decline, marking its fifth consecutive week of lower lows. This persistent downtrend has raised concerns among investors, as the asset struggles to find a supportive buying interest despite technical indicators suggesting oversold conditions.

**Conclusion** The cryptocurrency market remains characterized by volatility, with significant gains and losses reflecting broader economic sentiments and speculative trading behaviors. As institutional interest in digital assets continues to grow, market participants are encouraged to remain vigilant and informed. The performance of key cryptocurrencies like XTZ, CRV, and ENA highlights the potential for both upward and downward movements in the coming weeks. Future market developments will depend heavily on regulatory changes and broader economic factors that could influence investor sentiment across the cryptocurrency landscape.

This analysis underscores the importance of conducting thorough research before engaging in cryptocurrency trading and highlights the dynamic nature of the market, where opportunities and risks coexist.