MARKET UPDATE 21 JULY 2025
The crypto market continues to build bullish momentum. The Fear & Greed Index stands at 67 slightly lower than before but still firmly in the optimistic range. The total market cap rose by 1.81% to $3.91 trillion, while the altcoin market added 1.72%, now valued at $1.53 trillion. Bitcoin dominance nudged slightly higher to 60.90%.
Bitcoin climbed 1.30% to $119,523. Ethereum jumped 3.47% to $3,796, while Solana rallied 6.40% to $189.65. BNB, XRP, and DOGE followed with gains of 2.50%, 3.54%, and 8.71% respectively — with DOGE leading the surge.
The most significant news today centers on Ethereum. Network activity is rising, and the gas limit has increased to over 37.3 million units. Nearly 50% of validators are backing a move to raise the limit to 45 million, which would allow more transactions per block and reduce transaction fees essentially scaling the network for higher throughput.
This development is part of the broader “Pump the Gas” campaign launched in March 2024. Ethereum’s transactions per second (TPS) have climbed from around 15 to nearly 18, and daily transactions have increased to 1.4 million. These technical upgrades, combined with increasing demand from corporate treasuries and ETFs, have contributed to Ethereum’s strong price rally.
With ETH up over 50% in the past month and touching a seven-month high of $3,800, momentum remains strong. The broader altcoin market is also gaining strength, suggesting continued interest in Ethereum and Layer 1 networks as scaling efforts move forward.
