Crypto Prices Today: Bitcoin Price Falls 2.51% to $115,572 as Ethereum Posts 56% Monthly Gain

Crypto Prices Today Show Broad Market Correction as Bitcoin Price Falls Below $116,000 as Solana, DOGE, and ADA Lead Altcoin Sell-Off with Drops Up to 6.83%
Crypto Prices Today: Bitcoin Price Falls 2.51% to $115,572 as Ethereum Posts 56% Monthly Gain
Written By:
Aayushi Jain
Reviewed By:
Sankha Ghosh
Published on

Overview

  • Bitcoin price retreats 2.51% to $115,572.60, falling below the psychological $117,000 level amid broader market selling pressure.

  • Ethereum drops 4.56% to $3,690.13 but celebrates its strongest monthly performance in three years with a remarkable 56% July gain.

  • Major altcoins face significant declines with Solana (-5.83%), Dogecoin (-6.83%), and Cardano (-6.53%) leading the selloff.

  • SEC Chair Paul Atkins announces ‘Project Crypto’ initiative to modernize digital asset regulations, providing long-term bullish sentiment.

Crypto prices today reflect a broad market correction as most major cryptocurrencies experience selling pressure. The crypto market shows typical volatility patterns, with the global market cap experiencing temporary weakness. According to CoinMarketCap data, it currently stands at $3.77 trillion, down by 3.03%. However, significant regulatory developments and Ethereum's historic monthly performance suggest underlying strength in the digital asset ecosystem

Crypto Prices Today

Here is how major cryptocurrencies and key market developments shaped today's trading environment.

Bitcoin Faces Selling Pressure Below $116,000

Bitcoin (BTC) price has declined 2.51% to trade at $115,572.60. The world's largest cryptocurrency has a market capitalization of $2.29 trillion with a trading volume of $76.94 billion over the past 24 hours. The retreat below the crucial $117,000 psychological level suggests profit-taking activity from investors who accumulated during recent highs.

Parth Srivastava, Head of Quant, 9Point Capital’s Research Team, commented on the same. He noted, "Bitcoin remains in a healthy buy-the-dip (BTD) zone. Despite recent pullbacks, structural strength is intact, with long-term demand from ETFs and institutional buyers continuing to absorb supply. Until key supports break, every dip offers a high-conviction accumulation opportunity. We're positioning for strength into Q4, with consolidation likely to lead to a fresh breakout above previous highs."

Ethereum Celebrates Historic Monthly Gains

Ethereum (ETH) faces daily selling pressure with a 4.56% drop to $3,690.13, but the broader picture reveals exceptional strength. The second-largest cryptocurrency has delivered its most impressive monthly performance in three years, surging a remarkable 56% throughout July. This marks Ethereum's first monthly return exceeding 50% since July 2022, when ETH gained 56.62%.

Also Read: Crypto Prices Today: Bitcoin Holds Above $117K While Most Altcoins Face Selling Pressure

Altcoins Face Widespread Selling Pressure

The broader altcoin market experiences significant declines today, with most major cryptocurrencies ending up in the red:

XRP was down by 4.96% to $2.98, maintaining its position as the third-largest cryptocurrency with a $177.09 billion market cap. Solana (SOL) dropped 5.83% to $169.99 as investors took profits from recent gains.

BNB showed relative resilience compared to other altcoins, declining 2.19% to $780.85. TRON (TRX) bucked the trend slightly with a modest 0.06% gain to $0.3273, demonstrating selective strength in the market correction.

Dogecoin (DOGE) experienced the steepest decline among top ten tokens, falling 6.83% to $0.2078. Cardano (ADA) also faced significant selling pressure with a 6.53% drop to $0.7304.

Stablecoins Provide Market Stability

Tether (USDT) maintains its dollar peg at $0.9999 with a massive 24-hour trading volume of $126.81 billion, indicating significant market activity. USD Coin (USDC) also demonstrates stability at $0.9998 with substantial trading volume of $14.57 billion. The stable performance of major stablecoins provides market participants with reliable hedging options during volatile periods.

Major Market Developments Shaping Crypto Prices Today

Here are the top global developments that may impact crypto prices today and beyond:

SEC Unveils ‘Project Crypto’ to Reform Digital Asset Regulation

In a significant move aimed at bringing clarity to crypto regulation in the US, SEC Chair Paul Atkins introduced ‘Project Crypto’. A key focus of the project is simplifying licensing requirements. Under the new framework, brokerages may be able to offer diverse asset classes through a unified license.

The initiative also draws a line between cryptocurrencies viewed as commodities and those that fall under securities law. Atkins emphasized, "Many of the Commission’s legacy rules and regulations do not make sense in the twenty-first century — let alone for on-chain markets." Hence, calling for the agency’s rulebook to adapt to the realities of modern finance.

CoinDCX Engineer Held Over $44 Million Exchange Breach

In India, police arrested a CoinDCX software engineer, Rahul Agarwal, following an internal probe into the July security breach that resulted in a $44 million loss for the crypto exchange.

According to reports, the breach occurred after attackers exploited Agarwal’s compromised credentials, which were allegedly accessed through his work laptop. While the techie denied any role in the hack, he admitted to taking freelance assignments during his tenure with CoinDCX.

CoinDCX co-founder Sumit Gupta stated, “Based on our internal preliminary findings, this appears to be a sophisticated social engineering attack,” pointing to the increasing vulnerability of employees in cyber exploits. The case remains under investigation, and the company has refrained from commenting further due to legal considerations.

Ethereum Draws Tech Stock Comparisons Amid Record July Gains

Ethereum (ETH) has posted its strongest monthly rally in three years, climbing 56% in July and drawing parallels to high-growth tech stocks from the 1990s. The token started the month near $2,468 and ended above $3,860. Its meteoric rise was fueled largely by spot ETF inflows and treasury activity, which analysts say reflect mounting institutional confidence.

Bloomberg ETF analyst Eric Balchunas likened Ethereum’s current trajectory to the early days of tech innovation, “Ether starting to look like ’90s tech stock as ETFs catch fire,” Balchunas noted, praising the asset’s accelerating adoption and maturing ecosystem. He also highlighted Ethereum’s distinct position as a technology platform, setting it apart from Bitcoin’s narrative as a ‘digital gold’ store of value.

Also Read: Crypto News Today: Court Reverses NFT Insider Case, Grayscale Launches IP Trust, ETH Treasuries Surge

Conclusion

The crypto market is down today, currently undergoing a typical correction phase, but several developments signal long-term strength. Ethereum’s record-setting 56% monthly gain, paired with regulatory momentum via the SEC’s ‘Project Crypto,’ underscores the maturing landscape of digital assets.

Bitcoin and other altcoins see short-term volatility. Meanwhile, the broader market trend remains structurally bullish, driven by institutional participation, regulatory clarity, and continued innovation. As always, market participants should watch for key support levels and macroeconomic signals as crypto continues to evolve.

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FAQs

1. What is the Bitcoin price today?

Bitcoin is trading at $115,572.60, down 2.51% in the past 24 hours. The cryptocurrency has retreated below the $117,000 psychological level but maintains strong trading volume of $76.94 billion, indicating continued market interest.

2. Why are cryptocurrencies down today?

The crypto market is experiencing a broad correction with most major cryptocurrencies facing selling pressure. This reflects typical profit-taking behavior following recent strong performance, particularly Ethereum's historic 56% monthly gain.

3. What is Ethereum's recent performance?

Despite today's 4.56% decline to $3,690.13, Ethereum posted its strongest monthly performance in three years with a remarkable 56% surge in July. This marks the first time since 2022 that ETH has delivered monthly gains exceeding 50%.

4. What is the SEC's ‘Project Crypto’ initiative?

SEC Chair Paul Atkins announced ‘Project Crypto,’ a comprehensive plan to modernize digital asset regulations. The initiative aims to create clear regulatory frameworks, ease licensing requirements, and provide exemptions for early-stage crypto projects while protecting self-custody rights.

5. How are stablecoins performing today?

Major stablecoins maintain their dollar pegs effectively. Tether (USDT) trades at $0.9999 with $126.81 billion in 24-hour volume, while USD Coin (USDC) holds at $0.9998 with $14.57 billion volume, providing market stability during the correction.

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