As of July 24, 2025, 20:15 Kyiv time, the crypto market shows clear signs of correction: Bitcoin is holding around $118–119k, Ethereum is trading around $3,700. This marks the beginning of short-term consolidation after recent records
🔍 What is happening:
Correction amid profit-taking and deleveraging positions:
Market capitalization has decreased by ~5%, now around $3.9–4 trillion
Altcoins have suffered more – down 8–10%, triggering liquidations totaling about $840 million
The 'Altseason' index has fallen to 34/100, while Bitcoin's dominance has risen to ~61.5%
Rotation of investors into ETH:
Ethereum has surpassed Bitcoin in spot trading volume for the first time in a year – $25.7 billion vs. $24.4 billion
Whales are actively accumulating ETH: +466k ETH over the past week
Technical picture:
BTC is trading in the range of $116,000–120,000, MACD indicates a possible downward reversal
XRP breaks trend lines, ETH shows consolidation within narrow Bollinger bands
Fundamental drivers:
Crypto week is taking place in the USA: the GENIUS Act was signed (July 17-18), laying clear foundations for stablecoin regulation
Goldman Sachs and BNY Mellon continue the tokenization of funds, strengthening the connection between traditional and digital assets
A regulatory structure is being formed for the CLARITY/senate bill, with the release of the WH 'crypto policy report' planned for July 30
Altcoins: skepticism and opportunities:
Major altcoins (XRP, SOL, BNB, ICP, NEAR, etc.) have decreased by 6–20%, causing a wave of liquidations
Analysts consider this a correction, not a reversal, and highlight projects with a technological advantage: SUI, Aerodrome on Base, Curve, and others.
There is also growing interest in new alt- and pre-sale projects, such as Remittix and others in the PayFi sector
📌 Conclusion at 20:15:
Bitcoin's indicator remains: consolidation in the expected range, important to watch for a breakout at $120k or $116k.
Altcoins are under pressure – vulnerable in the short term, but the correction opens up opportunities for projects with promising cases.
Institutions continue to shift into ETH, supporting its liquidity and growth.
The regulatory landscape is becoming clearer: the start of the GENIUS Act, ongoing tokenization – all of this adds long-term stability.
