Why is Crypto Up Today? Let’s Dive In
Crypto is up today, gaining $102 billion, as regulatory optimism and expectations of a rate cut push Bitcoin toward the $115,000 resistance level.
TLDR
The total crypto market cap added $102 billion in 24 hours, reaching $3.69 trillion
Bitcoin is trading at $114,759, struggling below $115,000 resistance level
SEC’s Project Crypto initiative is driving regulatory optimism
Federal Reserve rate cut expectations are boosting risk appetite
The cryptocurrency market experienced a strong rebound on August 4, 2025, with the total market capitalization gaining over $102 billion in 24 hours. The market now stands at $3.69 trillion, approaching the key resistance level of $3.73 trillion.
Bitcoin is currently trading at $114,759, showing signs of recovery after bouncing from the $112,000 support level over the weekend. However, the leading cryptocurrency continues to face resistance at the $115,000 level.
The market recovery comes after a period of volatility that saw steep sell-offs at the end of July and early August. Investors appear to be taking advantage of lower prices as a buying opportunity.
One of the primary drivers behind today’s rally is renewed regulatory optimism. The U.S. SEC’s Project Crypto initiative aims to provide clearer digital asset regulations and explore tokenization of traditional markets.
This development represents progress toward regulatory clarity, which investors view positively as they seek more predictable rules in the crypto space. The initiative signals a shift in regulatory approach that could benefit the entire industry.