W3BStation
Markets
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
07/18/2025

Coinbase Is Closing In on Its All-Time High — Are Americans About to Put Retirement Savings Into Crypto?

The crypto market is going through a rare explosive surge. Bitcoin (BTC) has set a new all-time high above $123,000, while Ethereum (ETH) has also surged past the $3,600 mark. Total crypto market cap has now crossed $3.8 trillion, setting a new all-time record. Against this backdrop, the ties between crypto and Wall Street are becoming impossible to ignore, as stocks of crypto-related companies — including Coinbase, MicroStrategy, and Robinhood — have all rocketed higher in unison. Coinbase Closes In on Its All-Time High C

Coinbase Is Closing In on Its All-Time High — Are Americans About to Put Retirement Savings Into Crypto?

The crypto market is going through a rare explosive surge. Bitcoin (BTC) has set a new all-time high above $123,000, while Ethereum (ETH) has also surged past the $3,600 mark. Total crypto market cap has now crossed $3.8 trillion, setting a new all-time record. Against this backdrop, the ties between crypto and Wall Street are becoming impossible to ignore, as stocks of crypto-related companies — including Coinbase, MicroStrategy, and Robinhood — have all rocketed higher in unison.

Coinbase Closes In on Its All-Time High

Shares of Coinbase Global (COIN) — the largest crypto exchange in the United States — touched $415.96, putting it less than 3.5% away from its 2021 all-time high of $429. Just three months ago, the stock was hovering around $142. Coinbase posted $6.6 billion in revenue for 2024, doubling its prior-year figure. With crypto markets staging a powerful recovery in Q2, investors are expecting the next quarter's revenue to grow significantly as well.

Similarly, Robinhood (HOOD) — the retail trading platform with crypto support — just hit a new all-time high of $106.64, more than tripling from its April lows.

And MicroStrategy (MSTR), widely dubbed the "stock-market Bitcoin ETF," has nearly doubled in four months, reaching $442 per share, with a market cap exceeding $126 billion — placing it among the top 100 most valuable companies in the U.S. As of July 13, MicroStrategy holds 601,550 BTC, worth over $72 billion, at an average cost basis of $66,384 per BTC.

Bitcoin mining stocks including Marathon Digital (MARA) and Riot Platforms (RIOT) also jumped 5–10% during the week. Even Tesla (TSLA), which isn't a crypto company, got a lift from its estimated ~10,000 BTC holdings, with its stock up 20% year-to-date.

A New Catalyst: U.S. Retirement Money Could Flow Into Crypto

According to the Financial Times, former President Donald Trump is planning to allow 401(k) retirement funds — worth roughly $9 trillion — to invest in crypto, gold, and other non-traditional assets such as private equity funds.

The policy is expected to be signed as an executive order as early as this month. If even 1–2% of retirement funds are allocated to crypto, the market could see a fresh inflow worth tens of billions of dollars, further legitimizing and accelerating the institutionalization of the crypto market.

This would be a pivotal shift. Retirement funds represent long-term, stable capital that could help reduce market volatility and provide a more stable price floor for Bitcoin, Ethereum, and other major coins.

Fed Rate Cuts Expected Soon

Another tailwind for the market is growing expectations that the Federal Reserve will begin cutting rates in Q3 or Q4. While some Fed officials are still leaning hawkish, markets are pricing in a greater than 63% probability of a 25 basis point cut in September, according to CME FedWatch data.

If the Fed pivots to easing, it would serve as the next major catalyst to push BTC prices and crypto stocks even higher.

Conclusion

The convergence of rising BTC and ETH prices alongside surging crypto company stocks is painting an overwhelmingly bullish picture of the market. With regulatory winds shifting in favor of crypto and institutional capital on the verge of entering, many observers are saying: the real bull run may have only just begun.