Crypto Prices Today: Bitcoin Price at $118,722 as SOL and XRP Decline Sharply

Crypto Prices Today Show Volatility After Recent Highs as Bitcoin Steadies at $118,000 and Major Altcoins Decline Except For TRON: What Comes Next?
Crypto Prices Today: Bitcoin Price at $118,722 as SOL and XRP Decline Sharply
Written By:
Aayushi Jain
Reviewed By:
Sankha Ghosh
Published on

Key Takeaways

  • Bitcoin tested the $120,000 resistance before retreating slightly to close at $118,722, with a 24-hour dip of 0.48%.

  • Ethereum, XRP, and Solana saw sharper declines, with Ethereum falling nearly 3% and Solana over 4.5%.

  • TRON stood out with a 1.71% gain, defying broader market trends as most top altcoins recorded losses.

Crypto prices today are showing bearish signs amid volatility as major tokens witness sharp corrections. According to CoinMarketCap data, Bitcoin price has pulled back from its recent high to the crucial $120,000 resistance level, dipping below $119,000. Ethereum has followed suit with a 2.99% dip. Dogecoin is leading the decline among the world’s top ten cryptocurrencies with a fall of 7.23%. TRON, on the other hand, has defied the broader trends, climbing up 1.71%.

The broader market reflects this mixed sentiment, with the total crypto market cap down by 1.69%  to $3.89 trillion at the time of writing. Trading activity remains robust across major exchanges, indicating continued institutional and retail interest. This suggests a period of consolidation with short-term price corrections.

Crypto Prices Today

Let’s take a look at how the world’s top tokens performed.

Bitcoin Faces Technical Challenges Below Key Resistance

Bitcoin price touched a high of $119,246 on July 29,2025 with modest gains. Now, the world's largest cryptocurrency has retreated to $118,722, down 0.48% in the past 24 hours.
However, it still maintains a commanding market capitalization of $2.36 trillion.

Mr Sathvik Vishwanath, Co-founder and CEO of Unocoin commented, “Bitcoin currently trades around $118,000, consolidating below key resistance at $120,000. Despite short-term profit-taking and miner selling, its bullish structure remains intact, supported by strong ETF inflows. Analysts eye a potential breakout toward $160,000, fueled by an inverted head-and-shoulders pattern. However, open interest and regulatory uncertainty ahead of the July 30 Fed meeting may cap upside. ”

Co-founder and CEO of Unocoin further elaborated that key support lies at $114,000-$115,000, where buyers are expected to step in. Institutional demand continues to drive momentum, but market sentiment remains cautious. As Bitcoin hovers in this tight range, the next directional move hinges on macro signals and sustained capital inflows.

Major Altcoins Show Mixed Performance

According to CoinMarketCap data, here is how the top altcoins performed today:

Ethereum has also pulled back from recent gains, trading at $3,791.54 with a 2.99% decline over the past 24 hours. Despite this retreat, the world’s second-largest cryptocurrency maintains a market cap of $457.6 billion, reflecting its continued importance in the digital asset ecosystem.

XRP has retreated 4.09% to $3.13, though it maintains its position as the third-largest cryptocurrency. Solana (SOL) has pulled back 4.61% to $184.01 after a recent strong performance. Dogecoin (DOGE) shows a more significant decline of 7.23% to $0.2270.

BNB, which was yesterday's standout performer with over 5% gains, has corrected 1.91% to $827.04, though it maintains a strong market position with a $115.2 billion market cap.

The altcoin market presented a varied picture as TRON (TRX) defied the market-wide downward trend. It stood out as one of the few gainers among major cryptocurrencies at press timing, climbing 1.71% to $0.3267

Also Read: Crypto Prices Today: Bitcoin Price Climbs to $119,246 While BNB and Solana Lead Gains

Stablecoin Post Modest Decline

Tether (USDT) maintains its peg at $0.9998 with minimal fluctuation, while USD Coin (USDC) trades at $0.9997. Both tokens demonstrated the continued demand for stable digital assets during uncertain market conditions.

Key Market Developments Impacting Crypto Prices Today

Here are the top headlines that may affect crypto price movement today and in the upcoming days:

PayPal Expands Crypto Payment Capabilities

In a significant development for mainstream crypto adoption, PayPal has launched a new checkout feature enabling US merchants to accept payments in over 100 cryptocurrencies.

The platform will support major digital assets, including Bitcoin, Ethereum, Solana, USDT, USDC, and XRP, with automatic conversion to PayPal's stablecoin PYUSD or fiat currency.

PayPal's 0.99% transaction fee represents a significant reduction compared to traditional credit card processing costs, potentially encouraging broader merchant adoption.

Monero Faces Network Governance Challenge

The privacy-focused cryptocurrency Monero is experiencing what the community describes as an economic attack attempt by the Qubic mining pool. The situation has prompted a strong community response, with Qubic's hashrate share dropping significantly. This development highlights ongoing challenges around network decentralization and governance in proof-of-work cryptocurrencies, particularly those focused on privacy features.

Tornado Cash Legal Battle Continues

The legal proceedings surrounding Tornado Cash developer Roman Storm continue to progress, with Storm seeking funding for mounting legal costs. The case has broader implications for decentralized finance and privacy tools, with the crypto community closely monitoring developments that could set important precedents.

Also Read: Crypto News Live: Bitcoin, Ethereum & Major Altcoin Updates

Technical Analysis and Market Outlook

The crypto market is down today as investors become more selective. This indicates a maturing market where fundamental factors increasingly drive individual asset performance.

Bitcoin's retreat from the $120,000 resistance level was anticipated by many technical analysts. 

Parth Srivastava, Head of Quant at 9Point Capital’s Research Team, noted, “Bitcoin is showing signs of healthy consolidation just below the $121,000 mark, building a solid base for its next move. As volatility compresses and funding rates normalize, a breakout above $121,000 looks increasingly likely. The structure remains bullish, and any dip remains a buying opportunity as we approach the final leg of this cycle.”

The current market scenario remains highly volatile and subject to rapid changes, driven by fundamental factors. Investors should keep an eye on key price levels and upcoming regulatory developments and consider their risk tolerance before making investment decisions.

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FAQs

1. What is the Bitcoin price today?

Today, Bitcoin is priced at $118,722.64, showing a mild 24-hour dip of 0.48%. It briefly tested resistance near $120,000 before pulling back. The intraday high was $119,246.83 and the low stood at $116,802.83. If you're tracking Bitcoin closely, this price zone is important because a breakout above $120,000 could trigger stronger bullish momentum. It’s a wait-and-watch zone for short-term traders and a potential buy zone for long-term holders.

2. Why is the crypto market down today?

The crypto market is down today largely due to resistance levels and profit booking after Bitcoin neared $120,000. Major altcoins like Ethereum, Solana, and XRP saw sharper drops as Ethereum fell nearly 3%, Solana over 4.5%, and Dogecoin more than 5%. This widespread sell-off triggered a broader red day across the board.

3. Which crypto is performing the best today?

Among all the top coins today, TRON (TRX) is showing the best performance with a 1.71% gain over 24 hours. This is notable because even market leaders like Ethereum and Solana dropped sharply. TRON’s steady demand could be due to ecosystem developments or ongoing DeFi usage. If you’re looking for a token that’s bucking today’s negative trend, TRON is currently the standout performer to keep on your watchlist.

4. Is it a good time to buy Bitcoin now?

Bitcoin is currently consolidating around $118,700, which could be a strong zone for long-term accumulation. For investors with a long-term view, this price area offers a relatively stable entry before any potential rally. However, short-term traders should wait for a confirmed breakout above $120,000 to avoid volatility. Overall, this is a neutral-to-bullish zone which is typically good for accumulation, but not ideal for aggressive short-term trades unless momentum picks up.

5. What are the top altcoins to watch today?

Despite today’s dip, several altcoins are still worth watching. Ethereum (ETH) is always a go-to for long-term investors. Solana (SOL) dropped over 4.5%, and such dips are often followed by a bounce. BNB is another stable altcoin showing relative strength. However, the most interesting today is TRON (TRX), which is rising when others are falling, that’s a sign of buyer interest. If the market turns green again, these tokens may lead the recovery. Keep an eye on both price and volume movements.

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