.png){kind=logo}
Bitcoin trades at $117,671.55, up 0.15% in 24 hours, maintaining crucial support above $117,000.
Ethereum surges 5.40% to $3,130.44, pushing market cap to $377.89 billion as it climbs global asset rankings.
Trump announces GENIUS Act passage expected tomorrow after initial Republican setback.
Bitcoin spot ETFs record $403 million net inflows, bringing total assets to $149.657 billion.
Crypto prices today shows strength. The global market cap has risen by 0.98% to $3.71 trillion as of 10:55 AM on July 16, 2025. Bitcoin holds important support levels while Ethereum heads major gains among the top cryptos. In spite of recent volatility after Bitcoin's record sprint over $120,000, institutional updates and regulatory advancements continue to influence market sentiments.
Here's how the world's top cryptocurrencies fared in today's trading session:
The current Bitcoin price is $117,671.55, which is a slight 0.15% increase over the last 24 hours. The token has a market capitalization of $2.34 trillion and 24-hour volume of $86.34 billion. It reflects resilience following recent adjustments from its record $120,000 high.
Technical experts are hopeful on Bitcoin's medium-term direction. Edul Patel, Co-founder and CEO of Mudrex noted, “Bitcoin is consolidating near $117,000 following a procedural setback for crypto-related legislations in the US. Market focus now shifts to the US PPI data due today. A softer-than-expected print could revive bullish momentum and push BTC above $120,000, while a higher reading may lead to a retest of the $115,000 support zone.”
Ethereum recorded the best performance from top cryptos, increasing by 5.40% to $3,130.44. The second-largest cryptocurrency has a market cap of $377.89 billion, which reflects massive institutional traction.
Edul Patel commented, “The broader market remains bullish, with Ethereum trading at a 5-month high above $3,100. Steady ETF inflows and over 545,000 ETH accumulated by corporate treasuries in the past month helped maintain the uptrend.”
The rally has pushed Ethereum to become the 30th-ranked asset in global market capitalization. ETH has pushed Johnson & Johnson from the ranking with its valuation of $375.5 billion. This move indicates increasing institutional appreciation of Ethereum's value proposition over traditional assets.
Also Read: Crypto News Today: Trump Token Fees Hit $172M, Strategy Adds $472M in Bitcoin, Grayscale IPO & More
The rest of the altcoin market demonstrated bullish performance:
XRP: Ripple’s native token is priced at $2.91 up by 1.42%. It has a market cap of $172.15 billion, still holding the third-place position in the list of largest cryptocurrencies by market cap.
BNB: It is trading at $687.17, gaining 0.65% with a market cap of $95.72 billion.
Solana: SOL gained 1.50% to $162.53, bouncing back from recent losses with a market cap of $87.16 billion.
TRON: TRX increased 0.30% to $0.3010, retaining its $28.53 billion market cap.
Dogecoin: DOGE price has hiked 2.81% to $0.1971, displaying strength with a market cap of $29.59 billion
Tether (USDT) and USD Coin (USDC) remained at $1.00 and $0.9999 respectively, offering necessary liquidity in times of market volatility. These stablecoins continue to function as important market infrastructure despite the recent regulatory debates.
Here are the major macroeconomic developments impacting crypto prices today:
The US President Donald Trump has declared that the GENIUS Act will pass on July 17,2025. He said he has spoken to all the opposing groups to reach a consensus on the bill. This move is a significant step in defining clear regulatory guidelines for digital assets in the United States.
Bitcoin spot ETFs are drawing massive institutional capital, with $403 million in net inflows on July 15. The aggregate net asset value for Bitcoin spot ETFs is now at $149.657 billion, with the net asset ratio at 6.46% of the total market value of Bitcoin. Aggregate net inflows amount to $53.065 billion since inception.
The Altcoin Season Index is now 36, up from the low of 15 in June. This means that 36 of the top 100 coins have performed better than Bitcoin in the last 90 days. It is an indicator of wider participation in the market.
The trial of Tornado Cash co-founder Storm began with opening arguments. The Department of Justice characterized the privacy protocol as a ‘money laundering machine.’ Meanwhile, the defense said that Storm only built a tool that was abused. The trial is set to continue with expert witnesses to give testimony on technical matters and token economics.
BlackRock's Glenn Purves said that although June's core CPI increased below expectations, price pressures driven by tariffs are increasingly apparent.That trend may keep inflationary pressures challenges temporarily above the Federal Reserve target rate of 2% which may have some ramifications for monetary policy affecting the attendant crypto markets.
Abacus Market, the largest Western darknet marketplace powered by Bitcoin, appeared to have vanished in a suspected exit scam. According to TRM Labs the shutdown may have been heralded by law enforcement scrutiny. This move is indicative of the continuing problems of the fast-evolving cryptocurrency environment.
Also Read: What’s Next for ETH, XRP & DOGE as Bitcoin Blasts Past $122K?
The crypto market is up today as institutional opportunities gain fidelity with broader regulatory clarity. While investors may experience short-term fluctuations, the crypto prices today are indicative of a bull cycle. Investors should watch out for upcoming Fed policy measures, ETFs momentum and technical support levels for Bitcoin and significant altcoins.
Bitcoin trades at $117,671.55, up 0.15% in 24 hours. Technical analysts identify $117,000 as crucial support, with potential downside to $112,000 if this level breaks.
2. Why is Ethereum outperforming other major cryptocurrencies today?
Ethereum surged 5.40% to $3,130.44, driven by growing institutional interest and its climb to the 30th position in global asset rankings, surpassing Johnson & Johnson's market cap.
3. What is the significance of Cantor Fitzgerald's Bitcoin deal?
Cantor Fitzgerald's reported $3.5 billion Bitcoin acquisition from Blockstream represents major institutional adoption, with plans to raise additional capital for further purchases.
4. How are Bitcoin ETFs performing?
Bitcoin spot ETFs recorded $403 million in net inflows on July 15, bringing total assets to $149.657 billion and representing 6.46% of Bitcoin's total market value.
5. What is the status of crypto legislation in the US?
The GENIUS Act initially faced Republican opposition but Trump announced it's set to pass tomorrow after communicating with dissenting parties, marking progress in stablecoin regulation.
