×
×
Jul 24, 2025
.png){kind=logo}
Bitcoin price today is $107,531.36, down 1.37%. Meanwhile, Ethereum price defied the altcoins downtrend by rising 3.04% to $2,727.72.
A $2.58 trillion tech sector sell-off triggered by NVIDIA’s China export ban pressured crypto prices.
Trump tariffs of 50% on EU imports and the Fed rate hold at 4.25%–4.50% added to market pressure.
The crypto market is down by 0.84% as of 10:15 AM on May 29, 2025, reaching a total market cap of $3.42 trillion. Investors are taking a cautious approach in response to the news that the US Federal Reserve will maintain high interest rates. Bitcoin price today dropped to $107,531.36. Ethereum rallied over 3% to break above $2,700. Altcoins moved unevenly, with XRP and Solana posting losses above 1%. BNB and Dogecoin remained steady with minor corrections.
Let’s take a closer look at how major cryptocurrencies performed in the last 24 hours.
Bitcoin price today is $107,531.36, reflecting a 1.37% dip over the past 24 hours. Its market cap is now $2.13 trillion, with a trading volume of $49.55 billion. The circulating supply remains at 19.87 million BTC.
Bitcoin’s inability to sustain above $110K triggered a round of long liquidations. Jason Lau, Head of Strategy at OKCoin, commented, “Bitcoin is holding above key support at $106,000. Until that breaks, bullish structure remains intact.”
Ethereum price today is $2,727.72, rising 3.04% in the past 24 hours. It has a market cap of $329.30 billion and a daily trading volume of $24.10 billion. The circulating supply is 120.72 million ETH. It is also the only altcoin in green today among the top ten cryptocurrencies.
Ethereum has outperformed Bitcoin thanks to four straight weeks of whale accumulation, rising DeFi activity, and ETF inflows. Analysts now eye $2,800 as the next resistance level. Recent data shows Ethereum’s Total Value Locked (TVL) is trending upward. It is supported by optimism around potential Ethereum-based ETF approvals.
Also Read: ETH Nears $3K, Outpaces All Top 10 Cryptos in Daily Surge
Let’s break down how leading altcoins are moving:
XRP (XRP): Trading at $2.27, down 1.47%. Delay in SEC ETF approval weighs on sentiment.
BNB (BNB): Flat at $681.93, down just 0.40%, supported by Binance ecosystem updates.
Solana (SOL): Falls 1.84% to $171.95. NFT activity is high, but selling pressure persists.
TRON (TRX): Down 1.17% to $0.2741, as momentum shifts to larger altcoins.
Cardano (ADA): Drops 0.58% to $0.7503 despite active development progress.
Dogecoin (DOGE): Marginally down by 0.35% to $0.2240, still supported by meme appeal.
Stablecoins remain steady even as market turbulence unfolds.
Tether (USDT): Up by 0.03% to $1.00. It has a market cap of $ 152.93B.
USD Coin (USDC): Surges 0.02% to $0.9997. The current market cap stands at $61.23B.
Geopolitical tensions also play a role in impacting crypto prices today:
Trump Tariffs: President Trump’s new tariffs, including 50% on EU goods and 145% on China, are rattling global markets, further dragging on crypto. They will come into effect from June 1, 2025. This also means that no longs or shorts are safe. The policy changes have also tested many liquidations.
New York City BitBond: Mayor Eric Adams is advocating for Bitcoin-backed bonds, or ‘BitBonds.’ Speaking at the Bitcoin 2025 Conference, he declared, “We need to have a BitBond, and I am going to push and fight to get a BitBond in New York.” The concept could introduce BTC-linked fixed-income products to a broader investor base.
Fed Rate Cuts Postponed: The Fed didn’t cut rates as they said, maintaining the rates in the range of 4.25% to 4.50%. They also said they would continue the balance sheet reduction process. It means the Fed will gradually sell off US Treasury and mortgage-backed securities to tighten financial conditions.
NVIDIA GPU China Restrictions: The macro tightening sparked a sell-off in both tech and crypto assets today. Notably, NVIDIA GPU export restrictions to China contributed to a $2.58 trillion tech sell-off, affecting crypto indirectly.
Still, many analysts view today’s market decline as a correction within a broader bullish trend. Ethereum’s surge and solid ETF inflows suggest select opportunities remain.
Crypto prices today reflect a complex mix of volatility and optimism. Bitcoin’s dip to $107K highlights market caution amid global policy changes. Meanwhile, Ethereum’s rise above $2,700 points to strong fundamentals in DeFi and institutional interest. With upcoming events like BitBond legislation, the market is set for crucial developments in June. Traders remain watchful for the next macro signal as short-term volatility is expected.
Also Read: Why Crypto Crime is on the Rise?
