Bitcoin demonstrates resilience with 1.73% gains, trading above $118,800.
BNB leads major altcoins with impressive 6.28% surge to $799.
Ethereum maintains stability above $3,730 with modest 1.24% increase.
Bitcoin ETFs experience first outflows in 12 days amid profit-taking.
FBI concludes investigation into Kraken co-founder Jesse Powell.
Crypto prices today display strength with Bitcoin continuing to be resilient above the crucial $118,000 level as altcoins follow suit. According to CoinMarketCap data, the global market cap is up 1.68% to $3.95 trillion as of 10:51 AM on July 23, 2025. Bitcoin has posted solid gains of 1.73%, while the broader market shows signs of both institutional confidence and tactical profit-taking activities.
Let’s explore how the world’s top tokens performed today.
Bitcoin (BTC) is currently trading at $118,818.82, up 1.73% in the past 24 hours, showcasing continued strength despite recent market volatility. The leading cryptocurrency maintains its dominant position with a market capitalization of $2.36 trillion. It has a robust trading volume of $75.34 billion over the past 24 hours.
Market analysts remain optimistic about Bitcoin's trajectory, citing strong fundamental support and continued institutional adoption as key drivers. The sustained trading volume above $75 billion demonstrates healthy market participation and liquidity across major exchanges.
Ethereum (ETH) is trading at $3,731.32, up 1.24% from the previous day, maintaining its position well above the critical $3,700 psychological level. The second-largest cryptocurrency boasts a market cap of $450.41 billion. Its trading volume has reached $41.95 billion over the past 24 hours.
Ethereum's performance reflects continued confidence in the network's fundamentals and upcoming developments. The modest but consistent gains suggest steady accumulation and strong holder sentiment, positioning it for a potential breakout.
Also Read: Crypto Prices Today: Mixed Performance as Bitcoin Dips Below $118,000 While Solana Surges 8.53%
The altcoin market is showing bullish sentiments today. According to CoinMarketCap data, key altcoin performances include:
BNB emerges as today's standout performer among major cryptocurrencies, surging 6.28% to $799.04 with a market capitalization of $111.30 billion. This impressive rally demonstrates renewed confidence in the Binance ecosystem and broader utility token strength.
XRP shows solid resilience with a 1.43% gain to $3.50, maintaining its position as the world’s third-largest cryptocurrency with a $207.44 billion market cap. The sustained performance above $3.50 indicates strong technical foundation and growing institutional interest.
Solana (SOL) posts respectable gains of 2.55% to $201.36. SOL has reached a market cap of $108.37 billion. At the same time, Cardano (ADA) advanced 2.21% to $0.8867 with a market cap of $31.39 billion.
Dogecoin (DOGE) shows positive momentum with a 2.67% increase to $0.2664, while TRON (TRX) gains 2.55% to $0.3170.
The stablecoin sector continues to provide liquidity, with Tether (USDT) maintaining its $1 peg and holding a market cap of $161.99 billion. USD Coin (USDC) trades at $0.9998 with a $64.77 billion market cap, providing crucial liquidity support for the broader crypto ecosystem.
Here are the top headlines that may impact crypto prices today and in the upcoming months:
The US Federal Bureau of Investigation has reportedly concluded its investigation of Kraken co-founder Jesse Powell and returned confiscated devices. According to reports, the FBI concluded its investigation into allegations related to hacking and cyberstalking activities unrelated to Kraken or the cryptocurrency industry.
The investigation, which began in 2022, led to a search of Powell's home and the seizure of electronic devices. Powell consistently denied involvement in the alleged activities and filed a civil suit against the board members of the organization in question. This development removes a potential regulatory overhang from one of the industry's prominent figures.
Spot Bitcoin ETFs registered net outflows of $131.35 million on July 23, 2025, ending a remarkable 12-day streak that attracted $6.6 billion in inflows. The largest outflow came from ARK Invest's ARKB, which shed $77.46 million, followed by Grayscale's GBTC with $36.75 million in outflows.
Despite the recent outflows, cumulative net inflows remain robust at $54.62 billion, with total net assets across all spot Bitcoin ETFs standing at $151.60 billion, representing 6.52% of Bitcoin's total market capitalization. Market analysts attribute the outflows to profit-taking activities near recent highs and institutional rebalancing strategies.
Roman Storm's legal team is reportedly considering a motion for mistrial over testimony from a government witness they claim was unrelated to the crypto mixer case. Storm faces up to 45 years in prison on charges including money laundering conspiracy and sanctions violations in connection with Tornado Cash operations.
Also Read: Crypto News Today: FBI Ends Kraken Probe, a16z Funds Poseidon, and TON Wallet Launches in US
The crypto market is up today, signaling maturation with higher institutional participation. Current market dynamics indicate a period of consolidation within select asset categories. While the recent ETF outflows are notable, they also indicate a shift in sentiment and suggest that there are no fundamental issues with the assets under management.
Investors need to stay aware of regulatory trends and key support levels to navigate ongoing volatility as the market grows.
Solana News: SOL Surpasses BNB to Secure 4th Largest Crypto Market Cap
Bitcoin News Today: Musk’s SpaceX Moves $153M in Bitcoin After 3 Years, Ignites Crypto Market Buzz
Which Crypto Will Explode in 2025?
1. Why is the crypto market up today?
The crypto market is showing gains today due to a combination of strong Bitcoin momentum, rising altcoin performance, and renewed institutional confidence. Bitcoin remains above $118,000, and BNB surged 6.28%, indicating bullish sentiment despite broader market volatility.
2. What is the current price of Bitcoin (BTC)?
As of July 23, 2025, Bitcoin is trading at $118,818.82, reflecting a 1.73% increase over the past 24 hours. It holds a dominant market cap of $2.36 trillion with high trading volume, signaling strong investor interest.
3. Which altcoin gained the most in the last 24 hours?
BNB (Binance Coin) recorded the highest gain among major altcoins with a 6.28% increase, reaching a price of $799.04. The surge is attributed to renewed confidence in the Binance ecosystem and broader market rally.
4. Are Bitcoin ETFs seeing inflows or outflows?
On July 23, 2025, spot Bitcoin ETFs saw net outflows of $131.35 million, ending a 12-day inflow streak. Analysts believe this is due to profit-taking and portfolio rebalancing, not a loss of confidence in Bitcoin’s long-term value.
5. What was the outcome of the FBI investigation into Kraken co-founder Jesse Powell?
The FBI concluded its investigation into Jesse Powell and returned his seized devices. The probe, unrelated to Kraken or crypto activities, has now closed, potentially removing a regulatory cloud over the crypto industry.