Market Overview
The cryptocurrency market shows mixed signals on July 24, 2025, with Bitcoin consolidating near $118,000 while Ethereum demonstrates remarkable strength, overtaking Bitcoin in spot trading volume for the first time in over a year.
The market Fear & Greed Index stands at 70 (Greed), suggesting continued bullish sentiment despite recent outflows from Bitcoin ETFs.
Bitcoin: Consolidation Phase
BTC trades between $117,771-$119,000 (-0.58% to -1.03%) with technical analysis suggesting potential consolidation to $113,000 before targeting $138,000. Bitcoin dominance reached 62.69%, its highest level since March 2025.
On-chain data reveals aggressive accumulation by all major wallet cohorts, including whales holding 10,000+ BTC.
Ethereum: Volume Leader
ETH trades at $3,705-$3,706 (+16% weekly) after recording $25.7B in spot volume, surpassing Bitcoin’s $24.4B.
Ethereum ETFs extended their winning streak with $332M inflows on July 23. Seven new wallets accumulated $1.7B worth of ETH, signaling strong institutional interest.
Read more: Bitcoin vs Ethereum: Which is Better for Investment?
Altcoin Highlights
BNB hit a new ATH at $809 before pulling back to $770-$780. SOL maintains momentum at $164-$192 (+17% weekly). XRP surged to $2.95-$3.81 (+64% monthly).
ADA broke out with 22% gains to $0.875. DOT gained 0.32% ahead of vDOT/ETH pool launch.
Read more: Cardano vs Solana: Which is Better for Investment?
Breaking News
The SEC reviews Canary Capital’s SUI spot ETF application today. Bitcoin ETFs saw $86M outflows over three days while Ethereum ETFs attracted $332M. Bithumb listed Lista DAO and Merlin Chain against KRW.
Stablecoin Update
USDT and USDC maintain $1.00 pegs. Tether eyes US market re-entry amid regulatory shifts. DAI trades near $1.0004 with 5% annual growth projection.
Read More: USDT vs USDC: What’s the Different?
