Bitcoin and Ether Market Update: July 22, 2022 - Key Insights & Trends
Wondering what\'s happening with Bitcoin and Ether? This report dives into the key market movements as of July 22, 2022, exploring recent rallies, potential bottoming out, and future predictions. While this data focuses on an earlier timeframe, understanding these historical patterns can inform current market perspectives.
Bitcoin (BTC) & Ether (ETH) Performance: A July Revival?
After hitting rock bottom, June and July of 2022 offered signs of stability in the crypto market. Bitcoin (BTC) and Ether (ETH) began showing positive momentum. Bitcoin had rallied over 30% since touching lows of $18K in mid-June 2022. But was that the bottom, or just a relief rally? Read on to see what both sides of the market were saying at the time.
Bitcoin and Ether, the world’s two largest digital tokens, were heading toward their best month since 2022, fueled by a revival of risk appetite in global markets and optimism around the Ethereum network.
Layer 1 Coins in Focus
In July 2022, popular assets included layer 1 coins like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and Cardano (ADA). This represented a slight shift in overall trends.
Total Crypto Market Cap Analysis (Q3 2025 - Contextual Data for Understanding Trends)
While our focus is July 2022, let\'s contextualize market movements with more recent data from Q3 2025. Note these figures do *not* directly represent the July 2022 market but provide a framework for understanding broader crypto trends.
Total Crypto Market Cap Inched Higher in Q3 2025: The total crypto market cap seems to have found its bottom when it hit a low of $875B on July 19. In Q3, it rallied up to ~$1.2T in August, before falling again to end the quarter at 6.5% or about ~$100B higher than at the end of Q2. 6.5% Total Market Cap Change in Q3 2025.
The total crypto market cap increased by $58 billion for the period since Monday and now stands at $1,026 billion.
- A Muted Quarter For StableCoins: (Data from Q3 2025 - for context)
- USD Reigns Supreme: (Data from Q3 2025 - for context)
- Bearish Macroeconomic Headwinds Overshadow Ethereum’s Successful Merge: (Data from Q3 2025 - for context - highlighting the impact of external factors)
- Defi Rebounds in Q3, with A ~31% QoQ Increase: (Data from Q3 2025 - for context)
- ALGO exited the Top 30, while ETC took its place, thanks to the Merge. (Data from Q3 2025 - for context, with reference to a specific cryptocurrency change) See more on coingecko.com
Ethereum Merge: A Key Event
This monthly report reviewed the most important cryptocurrency news in July 2022 and delved deeper into the tentative date of the Ethereum Merge and the advances taken by Polygon. Bearish Macroeconomic Headwinds Overshadow Ethereum’s Successful Merge (Q3 2025 Context).
Bitcoin & Ether Outperforming Traditional Markets
Bitcoin and Ether outperformed traditional markets significantly in July 2022. The top cryptocurrencies had chalked up double-digit gains despite the dollar\'s strength, deviating from traditional market correlations.
While past performance is not indicative of future results, analyzing data from July 2022 provides valuable insights into market behavior and potential future trends.