Bitcoin Nears $100K as Ordinals Hit 100 Million and Institutional Crypto Demand Grows

Bitcoin Nears $100K as Ordinals Hit 100 Million and Institutional Crypto Demand Grows

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News Editor 01
2026-07-09 09:52:13
Bitcoin moved above $97,000, Ordinals surpassed 100 million inscriptions, Ripple expanded RLUSD through LMAX, and Binance pointed to rising institutional crypto exposure, while CZ warned traders about meme coin speculation.
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Bitcoin, on-chain activity, and institutional positioning shaped the crypto narrative this week, according to CryptoComLearn’s roundup. The latest developments suggest that market attention is increasingly concentrating on major assets and infrastructure plays rather than speculative sectors alone.

Bitcoin was the headline mover after climbing above $97,000 on Jan. 14, bringing the market closer to the long-watched $100,000 level. The report linked the rally to a mix of macro factors, including the U.S. Supreme Court’s delay of a key tariff ruling and renewed tension between the Federal Reserve and Donald Trump. After several months without a dominant narrative, macro uncertainty appears to be re-emerging as a tailwind for BTC.

Ordinals pass 100 million inscriptions

Beyond price action, Bitcoin’s ecosystem also posted a notable milestone. Bitcoin Ordinals have now exceeded 100 million inscriptions. While the peak excitement around inscriptions has cooled, Bitcoin-based NFT activity continues to advance, helping the network quietly establish itself as one of the major NFT chains. The broader question remains whether this type of network usage can become a meaningful revenue source for miners over time.

RLUSD expands through LMAX infrastructure

On the institutional side, Ripple advanced its stablecoin strategy by placing RLUSD into LMAX’s $8.2 trillion trading engine. The development was presented as another step in Ripple’s push deeper into institutional markets. It also follows closely behind BNY’s announced partnership with Ripple around institutional digital cash, reinforcing the company’s growing links with traditional financial infrastructure.

Binance added that crypto is moving beyond its retail-dominated era, with institutions and corporates increasingly building long-term exposure to the asset class. According to the report, ETF and DAT-related flows are helping reshape liquidity, market structure, and participation across the sector.

CZ warns against meme coin chasing

That institutional shift stands in contrast to the weakness seen in meme coins. Binance founder Changpeng Zhao, or CZ, cautioned traders not to interpret his casual posts on X as buy signals for viral tokens. The article cited CoinGecko data showing that total meme coin market capitalization has fallen from $104 billion in January 2025 to about $33 billion now, a drop of roughly 70% year over year.

Taken together, this week’s developments point to a market increasingly driven by Bitcoin strength, utility on core networks, and institutional adoption. At the same time, speculative corners of crypto appear far more vulnerable as capital becomes more selective.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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