Bitcoin price is up 0.73% to $114,295.68, showing resilience and a positive outlook.
Ethereum gains 2.51% to trade at $3,533.61, building on its position as a major player.
Major altcoins show a mixed but largely positive trend, with XRP, Cardano, and Dogecoin posting significant gains.
Traditional Finance (TradFi) giants like Citigroup, JPMorgan, and Goldman Sachs are leading a charge into blockchain, having made 345 investments between 2020-2024.
Crypto prices today reflect a day of positive market sentiment, with Bitcoin and many altcoins experiencing upward movement. The global crypto market cap stands strong at $3.72 trillion, up by 1.34% at press time, backed by upward momentum in key players like Bitcoin and Ethereum.
This positive trend comes as Trump Media & Technology Group recently added $2 billion worth of BTC to its treasury, bringing its total holdings to $3.1 billion. The move has boosted investor confidence as market prepares for a bull cycle. The Fear & Greed Index is also at a neutral 52, which means that the market is balancing between caution and confidence.
Here is how major cryptocurrencies and key market developments shaped today's trading environment.
Bitcoin (BTC) price is trading at $114,295.68, marking a 0.73% increase in the past 24 hours. The world's largest cryptocurrency continues to hold a dominant position with a market capitalization of over $2.27 trillion and a 24-hour trading volume of approximately $48 billion.
Mr Sathvik Vishwanath, Co-founder and CEO of Unocoin explained, "Bitcoin price is showing mild strength ahead of key macro events. The COI report reveals institutional accumulation, suggesting growing long-term confidence. Yet, all eyes are on the upcoming FOMC decision—a hawkish stance could trigger short-term sell pressure, while a dovish tone may fuel a rally.”
The Co-founder and CEO of Unocoin further noted, “Technically, BTC holds strong above support, but resistance near $120,000 needs volume confirmation. Market sentiment is cautiously bullish as traders await clarity. With ETF inflows stable and macro tension simmering, Bitcoin stands at a pivotal point, balancing between institutional optimism and rate-sensitive volatility that could define its trajectory for the rest of Q3."
Also Read: How to Trade Crypto Using AI: A Simple Guide
Ethereum (ETH) is performing well, with a 2.51% gain, bringing its price to $3,533.61. The second-largest cryptocurrency has a market cap of over $426 billion and is showing a strong upward trend.
The broader altcoin market is also showing a positive signal today, with several top cryptocurrencies posting notable gains:
XRP has seen a significant 5.30% jump, reaching a price of $2.98. Its market cap is over $176 billion.
BNB is up 1.24% to $752.55, with a market cap of over $104 billion.
Solana (SOL) is trading at $162.09, up 1.03%.
TRON (TRX) is up 1.62% to $0.3285.
Dogecoin (DOGE), the popular memecoin is up 2.43% to $0.2005.
Cardano (ADA) has posted the highest gain among the top 10, with a 2.60% increase to $0.7330.
The widespread gains across the altcoin market suggest a return of investor confidence and a potential shift in market sentiment.
Stablecoins Hold Strong
Stablecoins have echoed the market-wide positive sentiment by rising up slightly. USD Coin (USDC) remains stable at $0.9997, with a small 0.01% change. Tether (USDT), a stablecoin, maintains its peg at $1.00 with a minimal 0.04% change.
Here are the top global headlines that may have an impact on crypto prices today and in the future.
A new report by Ripple, in partnership with CB Insights, reveals a significant trend: traditional financial institutions are heavily investing in blockchain. Between 2020 and 2024, global banks made 345 investments in blockchain companies, with a focus on early-stage funding rounds. Citigroup and Goldman Sachs were particularly active, with 18 deals each.
JPMorgan and Japan’s SBI Group followed closely. These investments, many of which were ‘mega-rounds’ of $100 million or more, targeted firms in trading infrastructure, tokenization, custody, and payments. This signals a growing acceptance and integration of blockchain technology within the established financial world.
The statue of Satoshi Nakamoto in Lugano, Switzerland, was recovered recently after being stolen. The statue, a symbol of the Bitcoin community, was found broken into pieces in Lake Lugano. The art collective responsible for its installation, Satoshigallery, stated on X, "You can steal our symbol, but you will never be able to steal our souls." This event highlights the cultural and symbolic importance of Bitcoin and its creator to its global community.
Blockchain analytics platform Arkham Intelligence has retroactively uncovered what it claims is the largest crypto hack in history. The heist, which took place in 2020, involved the theft of 127,426 Bitcoin from a Chinese mining pool operator named LuBian.
The stolen funds are valued at approximately $14.5 billion using current market prices. The hack is suspected to have been a brute-force attack that exploited insecurely generated private keys. The mining pool was able to salvage a small portion of the funds, which it still holds.
Also Read: How Trade Deals Affect Crypto Markets?
Crypto prices today are showing signs of strength and recovery, with Bitcoin and many altcoins posting positive gains. As Parth Srivastava, Head of Quant, 9Point Capital’s Research Team notes, "Bitcoin looks poised for a healthy pullback, likely a shakeout of weak hands before the next leg higher. Such dips should be seen as buy-the-dip opportunities, as long-term structure remains intact with strong institutional demand continuing to absorb supply. Near-term volatility, long-term strength"
This resilience is supported by a number of external factors, including a growing influx of institutional investment from traditional finance giants. Thus, the overall market sentiment remains positive, suggesting a continued bullish outlook for the digital asset ecosystem.
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1. What is the Bitcoin price today?
Bitcoin is trading at $114,295.68, marking a 0.73% increase in the past 24 hours. The world's largest cryptocurrency holds a market capitalization of over $2.27 trillion.
2. Why is the crypto market up today?
Cryptocurrencies are experiencing positive momentum today, with many tokens showing gains. This is likely due to a combination of factors, including positive market sentiment, increasing institutional interest from traditional finance, and general market dynamics.
3. What is the latest news about crypto regulation?
The provided news does not contain information about new regulations. However, it highlights the growing interest of traditional finance in blockchain and the uncovering of a major historical hack, which can influence future regulatory discussions.
4. What is the biggest crypto hack ever discovered?
According to a retroactive discovery by Arkham Intelligence, the biggest crypto hack in history was a 2020 heist from the Chinese mining pool LuBian, which resulted in the loss of 127,426 Bitcoin. The funds are currently valued at approximately $14.5 billion.
5. Which traditional finance companies are most active in blockchain investment?
According to a report by Ripple, Citigroup, JPMorgan Chase, and Goldman Sachs are among the most active traditional finance players in blockchain investment, with Citigroup and Goldman Sachs leading the pack with 18 deals each between 2020 and 2024.
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