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Bitcoin Price Surge: Bitcoin trades at $116,833.09 with a strong 2.03% gain over the last 24 hours, demonstrating renewed market confidence and institutional support.
Market Cap Growth: The global crypto market cap has reached approximately $3.3 trillion, with widespread gains across major cryptocurrencies signaling a broader market recovery.
Altcoin Rally: Ethereum rises 7.29%, XRP leads with 13.05%, and Solana gains 4.54%, highlighting strong altcoin performance and diversified investor interest.
Crypto prices today showcase resilience and bullish momentum, with Bitcoin breaking above $116,000 and maintaining strong upward pressure. The global crypto market cap is up by 3.33% to $3.87 trillion at press time. This surge reflects growing institutional confidence, regulatory clarity, and continued retail interest in digital assets amid recent policy developments.
Here is how the world's top ten tokens performed today:
Bitcoin price continues its impressive run, trading at $116,833.09 with a solid 2.03% gain over the past 24 hours. The leading cryptocurrency maintains its dominant market capitalization of $2.33 trillion, with robust daily trading volume reaching $66.5 billion. The recent surge past $116,000 is a technical breakthrough, with Bitcoin showing strong momentum after recent consolidation.
Mr Sathvik Vishwanath, Co-founder and CEO of Unocoin, noted, "Bitcoin continues to trade above crucial support levels, with the 100-period EMA at $115,701, the 50-period EMA at $115,194, and the 200-period EMA at $114,768, showing strong market resilience. The short-term outlook remains positive, bolstered by an upward-trending RSI at 62, signaling increasing speculative interest.”
The Co-founder and CEO of Unocoin further explained, “If buyers push the price beyond the descending trendline resistance, bullish momentum could intensify. Such a breakout may open the door for an advance toward the $118,000 barrier, with $120,000 emerging as the next key target. Sustained strength above these levels would reinforce the prevailing bullish sentiment and encourage further upward pressure in the near term."
Ethereum price today stands at $3,931.36, posting an impressive 7.29% gain in the past 24 hours. It has a market cap of $474.6 billion and a trading volume of $43.8 billion. Ethereum is showing strong recovery momentum after recent consolidation. The substantial gain reflects renewed interest in smart contract platforms and the broader DeFi ecosystem.
Also Read: Crypto News Today: Trump to Allow Crypto in 401(k) Plans, Euphoria Raises $7.5M, Paxos Settles with NY Regulator
The altcoin also showed bullish sentiment across major tokens:
XRP leads the charge with an exceptional 13.05% gain, trading at $3.36 with a market cap of $199.7 billion. The surge reflects growing institutional confidence in its cross-border payment utility and recent regulatory developments.
Solana (SOL) shows solid momentum with a 4.54% increase, trading at $174.99. Investors continue to appreciate its low-cost and high-speed transaction framework.
Dogecoin (DOGE) demonstrates strong retail interest with an 8.53% surge, now priced at $0.2225, driven by continued community support and social media engagement.
Cardano (ADA) posts a healthy 7.72% increase, trading at $0.7948, with investors optimistic about the platform's proof-of-stake consensus and growing ecosystem development.
BNB gains 2.58% to $786.29, while TRON (TRX) shows modest growth at 0.10%, trading at $0.3380.
Stablecoins, including USDT and USDC, maintain their dollar pegs effectively at $1 and $0.9997. Thus, providing stability and liquidity infrastructure during the market rally.
Several key developments are driving today's positive crypto market sentiment:
President Trump's nomination of Stephen Miran, chair of the Council of Economic Advisors, to temporarily fill the Federal Reserve Board position vacated by Adriana Kugler. It signals a continued crypto-friendly policy direction. This appointment could influence monetary policy decisions affecting digital asset markets.
The White House has confirmed plans for an executive order directing agencies to open 401(k) retirement plans to crypto assets. This landmark policy would grant Americans access to digital assets through their retirement portfolios. Thus, potentially unlocks significant institutional capital from the $12.5 trillion retirement market.
IREN shares rose 11% after the Bitcoin miner reported mining 728 BTC in July. It outperformed sector leader MARA Holdings despite having a lower deployed hashrate. This shows operational efficiency in the mining sector and continued strength in Bitcoin production.
The crypto market is up today, showing strong bullish momentum with major tokens trading in green.
Sharing his thoughts on the current scenario, Parth Srivastava, Head of Quant, 9Point Capital’s Research Team, said, "Bitcoin is coming back strong after recent consolidation, signaling renewed strength in market sentiment. With key levels holding firm and buyers stepping in, this rebound reflects growing confidence among long-term holders. As macro uncertainty fades and ETF inflows continue, BTC looks poised for a potential breakout, a healthy reminder that the bull trend remains intact."
The current environment suggests sustained interest in both Bitcoin and alternative cryptocurrencies as it nears its maturity. Investors should monitor key resistance levels and institutional adoption metrics as primary drivers of continued market momentum.
1. What is the current Bitcoin price today?
Bitcoin is trading at $116,833.09 today, representing a strong 2.03% gain over the past 24 hours. This level demonstrates significant momentum and institutional confidence, with Bitcoin maintaining its dominant market position and showing technical strength above key support levels.
2. How is Ethereum performing today?
Ethereum is showing excellent performance today, priced at $3,931.36 with an impressive 7.29% gain in 24 hours. This rally reflects renewed confidence in Ethereum's ecosystem and suggests strong institutional and retail demand for the leading smart contract platform.
3. What is the total market cap of the cryptocurrency market today?
The global cryptocurrency market capitalization is approximately $3.3 trillion, showing broad-based growth across major digital assets. Bitcoin and Ethereum together represent the majority of this market cap, with strong performance from altcoins contributing to overall market expansion.
4. Which altcoins are seeing the most movement today?
XRP leads altcoin performance with a 13.05% gain, followed by Dogecoin at 8.53%, Cardano at 7.72%, and Ethereum at 7.29%. Solana also shows solid performance with a 4.54% increase, demonstrating strong investor interest across diverse blockchain platforms.
5. What is driving the crypto market rally today?
Today's rally is driven by several factors including President Trump's Fed nomination, upcoming 401(k) crypto access executive order, strong Bitcoin miner performance, and growing institutional adoption signals. These developments suggest continued policy support and mainstream acceptance of digital assets.
