As of July 29, 2025, the cryptocurrency market is experiencing a dynamic phase characterized by consolidation, institutional adoption, and evolving regulatory landscapes. The global crypto market capitalization stands at approximately $3.85 trillion, reflecting a slight 2.37% dip in the last 24 hours, signaling a short-term pullback after a robust 30-day rally. Here’s a detailed look at today’s key developments, price movements, and trends shaping the crypto ecosystem

$BTC Bitcoin (BTC)Bitcoin, the largest cryptocurrency by market capitalization, is trading at around $117,479, up 1.47% in the last 24 hours but down slightly from its recent peak of $123,218. The current price range of $117,000–$120,000 is a critical battleground, with technical indicators suggesting consolidation. The Relative Strength Index (RSI) hovers at 56.89 (6-day), 60.23 (12-day), and 61.00 (24-day), indicating neutral momentum, while the Moving Average Convergence Divergence (MACD) shows a flattening trend, hinting at a potential short-term correction.
Positive drivers include consistent inflows into Bitcoin spot Exchange-Traded Funds (ETFs), with $157.1 million recorded on July 28 alone. Institutional accumulation by whales and treasury companies like Strategy (MSTR), which upsized its stock offering to $2.52 billion to acquire more BTC, underscores long-term confidence. However, challenges persist, including environmental concerns over Bitcoin’s Proof-of-Work (PoW) mechanism and regulatory uncertainties around anti-money laundering (AML) and Know Your Customer (KYC) laws. Analysts project BTC could reach $200,000–$250,000 by year-end if bullish momentum holds, though a drop to $105,675 could trigger significant liquidations

$ETH Ethereum (ETH)Ethereum (ETH) is trading at approximately $3,702, down 0.68% in the last 24 hours but holding above the $3,700 support level. ETH has seen 17 consecutive days of ETF inflows, reflecting strong institutional interest. The upcoming Fusaka mainnet upgrade, scheduled for November 5, 2025, and preparations for the Glamsterdam upgrade are boosting optimism. Analysts suggest ETH could test $15,000 by year-end if current trends persist, driven by its role in decentralized finance (DeFi) and non-fungible tokens (NFTs). However, a surge in Ethereum’s exit queue, with over 680,000 ETH unstaked, signals some investor caution

Altcoins

  • XRP: Trading at $3.47, XRP is near its upper Bollinger Band ($3.80), with an overbought RSI of 79.55 suggesting a potential pullback. Ripple’s legal progress, including the SEC’s withdrawal of its cross-appeal, and the launch of Nasdaq’s XRP Futures ETF and Brazil’s spot XRP ETF are driving adoption. Long-term forecasts predict XRP could reach $4.20–$10 by 2030 if payment adoption grows.

$SOL Solana (SOL): SOL is trading around $130–$134.5, showing resilience despite geopolitical tensions impacting risk assets. The Solana ecosystem boasts 100% uptime for over 16 months, and a 95% chance of a spot Solana ETF approval in the U.S. this year fuels optimism

Cardano (ADA): Priced at $0.80, ADA has surged 39% recently but remains modest compared to other major coins. Its 2025 roadmap, including Hydra upgrades for scalability, supports long-term bullish sentiment

BNB: Trading at $779.96–$780.48, BNB has seen modest gains of 0.32%–1.98%. Its low-cost, high-throughput blockchain makes it a strong competitor to Ethereum, though its centralized nature raises concerns.
Tron (TRX): TRX surged to $0.34 following Tron Inc.’s $1 billion token acquisition plan, with bullish momentum supported by its Nasdaq debut.