Crypto Prices Today: Bitcoin Price Holds Above $118,000, Ethereum Tops $3,770 Amid Trump Crypto Updates

Crypto Prices Today Show Strong Performance as White House Prepares Policy Report, with Bitcoin Maintaining $118,000 Support and Ethereum Leading Altcoin Rally
Crypto Prices Today: Bitcoin Price Holds Above $118,000, Ethereum Tops $3,770 Amid Trump Crypto Updates
Written By:
Aayushi Jain
Reviewed By:
Sankha Ghosh
Published on

Key Takeaways

  • Bitcoin Holds Strong: Bitcoin price today stands at $118,568.36, registering a 0.44% daily gain ahead of the anticipated Trump crypto policy update.

  • Altcoins Rally as Tron Slips: Altcoins show a robust recovery. Solana is up 4.52% at $186.35, Dogecoin gained 6.06% while Tron fell 2.10%.

  • Favourable Developments: Investor sentiment remains optimistic as the market awaits the White House crypto policy report on July 22 and Jerome Powell’s upcoming remarks.

Crypto prices today demonstrate robust performance as digital assets maintain their recent gains while market participants prepare for significant policy developments. According to CoinMarketCap data, the global crypto market is up by 1.27% to $3.93 trillion as of 10.33 AM on July 21, 2025. Bitcoin price is holding above $118,000 as Ethereum leads altcoin rallies with a  3.04% jump. The price gains are setting the stage for what could be a pivotal week for digital asset regulation.

Crypto Price Today

Here’s how the world’s top ten tokens performed today:

Bitcoin Maintains Strong Support Above $118,000

Bitcoin price today stands at $118,568.36, showing a modest 0.44% gain over the past 24 hours. The world's largest cryptocurrency has a market capitalization of $2.36 trillion and substantial trading volume of $60.95 billion.

Mr Sathvik Vishwanath, Co-founder and CEO of Unocoin, commented,” Bitcoin is currently trading around $117,500, showing signs of consolidation after recent highs near $123,000. Technically, BTC has formed a golden cross, indicating continued upward momentum. Analysts project short-term targets of $125,000-$130,000, with strong support at $118,000. A brief correction to $110,000 is possible during market volatility. The long-term outlook remains bullish, with some forecasts expecting $180,000-$250,000 by year-end if momentum and adoption persist.”

Overall, Bitcoin is transitioning into a mature store-of-value asset, with growing acceptance from governments, asset managers, and corporations.

Ethereum Leads Major Altcoins with 3.04% Surge

Ethereum price stands out today among leading cryptocurrencies, gaining 3.04% to reach $3,770.81. The second-largest digital asset has pushed its market capitalization above $455 billion. 

Recent developments in Ethereum's network governance have also contributed to positive sentiment. Co-founder Vitalik Buterin shared that nearly 50% of stakers have voted in favor of increasing the Layer 1 Gas limit to 45 million. The Gas limit has already begun to rise and currently stands at 37.3 million, potentially improving network efficiency.

Also Read: Will XRP Hit a New High in July After Bitcoin’s Jump?

XRP and Other Altcoins Show Solid Performance

XRP price continues its strong momentum with a 2% gain to $3.50. The token continues to maintain its position as the third-largest cryptocurrency with a market cap of $207.23 billion. The digital asset's sustained performance reflects ongoing optimism about regulatory clarity following recent legislative victories.

According to CoinMarketCap data, other major cryptocurrencies followed Bitcoin price’s uptrend with Tron being the only exception:

BNB has gained 2.51% to $762.51, reaching a market cap of $106.21 billion

Solana (SOL) posted impressive gains of 4.52% to $186.35, with its market cap at $100.27 billion

Dogecoin (DOGE) leads smaller altcoins with a notable 6.06% surge to $0.2714

Cardano (ADA) rounds out the performers with a 2.88% gain to $0.8669

Tron (TRX) defied the upward trend by declining 2.10% to $0.3131.

Key Market Developments

Here are the to headlines impacting crypto prices today:

White House Set to Release First Cryptocurrency Policy Report

The most significant upcoming development is the White House's planned release of its inaugural cryptocurrency policy report on July 22. This comprehensive framework document, mandated by Executive Order 14178, represents a crucial step in establishing clear regulatory guidelines for digital assets in the United States.

MicroStrategy Signals Another Bitcoin Purchase

MicroStrategy co-founder Michael Saylor has signaled another impending Bitcoin purchase by posting his characteristic Bitcoin chart on social media. ‘Stay Humble. Stack Sats,’ Saylor wrote, teasing the upcoming BTC acquisition to followers. The company currently holds 601,550 BTC, valued at over $71.4 billion, making it the largest corporate Bitcoin treasury company worldwide.

GENIUS Act Creates Barriers for Big Tech Stablecoin Dominance

According to Circle Chief Strategy Officer Dante Disparte, the recently passed GENIUS Act contains provisions that prevent tech giants and Wall Street institutions from dominating the stablecoin market.

The legislation includes what Disparte calls a ‘Libra clause,’ requiring non-banks to create standalone entities similar to Circle's structure rather than banking models. Banks seeking to issue stablecoins must house them in legally separate subsidiaries with balance sheets that carry ‘no risk-taking, no leverage, no lending.’

Federal Reserve Chair Powell to Discuss Regulatory Framework

Federal Reserve Chair Jerome Powell is scheduled to speak at a regulatory capital framework meeting on July 22 at 20:30 UTC+8. The speech is expected to provide insights into the US Feds approach to managing capital requirements and regulatory measures.

Also Read:  Crypto Week Triggers Bank Reactions, are Stablecoins Threatening Banking Mainstream?

Market Outlook and Analysis

The crypto market is up today amid bullish sentiments and significant regulatory developments. Bitcoin's ability to hold price levels above $118,000 does represent strength in the market. The passage of pro-crypto legislation, including the GENIUS Act, has created a positive environment for crypto regulation. However, the elevated amount of social media activity suggests some caution should be observed when making any long-term trading decisions. 

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FAQs

1. What are crypto prices today?

As of July 21, 2025, the global crypto market is up by 1.27%, reaching a total market capitalization of $3.93 trillion. Bitcoin is trading above $118,000, while Ethereum has surged past $3,770. Other top-performing altcoins include Solana, Dogecoin, and Cardano, all showing strong daily gains.

2. How much is Bitcoin selling for today?

Bitcoin (BTC) is currently priced at $118,568.36, reflecting a 0.44% gain in the past 24 hours. It maintains a strong support level above $118,000, backed by growing institutional interest and positive regulatory developments in the US.

3. Which crypto will boom in 2025?

While predictions vary, Ethereum appears poised for significant growth due to network upgrades and rising adoption. Other promising altcoins include Solana, Cardano, and XRP, which are gaining traction from increased utility, governance improvements, and positive sentiment amid regulatory clarity.

4. Why is the crypto market up today?

The market is rising due to a combination of factors: the upcoming White House crypto policy report, institutional buying (e.g., MicroStrategy’s Bitcoin accumulation), Ethereum’s network upgrades, and the passage of crypto-supportive legislation like the GENIUS Act—all contributing to increased investor confidence.

5. How much is 1 crypto in INR (₹)?

As of 10.33 AM on July 21, 2025:

1 Bitcoin = approx. ₹98,93,200

1 Ethereum = approx. ₹3,13,800

1 XRP = approx. ₹291

(Exchange rates may vary based on real-time market conditions and INR/USD conversion.)

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