Price Analysis

Crypto Price Today: Bitcoin holds above $118K, Ethereum surges past $3.7K as Altcoins and Meme Tokens rally

Crypto Rally Continues: Ethereum Breaks $3.7K, Bitcoin Holds above $118K, Market Cap Hits $3.92 trillion

Bhavesh Maurya

As of July 21, 2025, the global cryptocurrency market capitalization has reached $3.92 trillion, registering a modest 1.24% increase over the past 24 hours. The uptick reflects consistent institutional inflows into spot crypto ETFs, supportive U.S. policy frameworks, and expanding activity across decentralized finance (DeFi), gaming, and meme-based ecosystems.

Despite broader macroeconomic challenges, the cryptocurrency market remains resilient, especially among altcoins and a fresh crop of AI and socially driven tokens that continue to attract investor interest.

Bitcoin (BTC): Consolidation Near $118K, Eyes on $122K Breakout

Bitcoin is currently trading at $118,530, reflecting a slight decline of 0.33% over the past 24 hours. The day’s trading range spanned from $116,776 to $118,790, indicating stable price action near recent support levels.

Market analysts remain cautiously optimistic on BTC’s trajectory, pointing to continued ETF flows and an accommodating regulatory backdrop. If Bitcoin convincingly breaks above the $122,000 resistance, a move toward $125,000-$127,000 could be in sight. On the downside, support lies between $115,000 and $117,000.

Ethereum (ETH): Breaks Above $3.7K, Eyes $3.9K

Ethereum is trading at $3,771, posting a solid 3.13% intraday increase. Prices peaked at $3,813 and bottomed at $3,615, driven by robust DeFi volumes, higher staking yields, and rising Layer-2 adoption.

With ETH comfortably above the psychological $3,700 level, bullish momentum is picking up. The next major resistance lies at $3,900, while support at $3,500-$3,600 provides a safety net for short-term pullbacks.

Altcoins: Lead the Charge

Solana (SOL)

SOL is trading at $186.46, up 4.53% in the last 24 hours. The surge is powered by strong DeFi and NFT demand, along with continued Layer-1 adoption. A breakout above the $190-$195 zone could open the door to further upside, with support near $170.

Avalanche (AVAX)

AVAX is priced at $25.44, posting a 3.44% daily gain. The recent uptick is fueled by renewed interest in Avalanche’s subnets and GameFi integrations. If the price clears $28, it could target the $30 mark, while $23-$24 remains a reliable support range.

Chainlink (LINK)

LINK stands at $19.49, with a 4.5% increase in the past 24 hours. Growing adoption of Chainlink’s decentralized oracles in both DeFi and enterprise environments is keeping bulls engaged. Resistance lies around $21-$22, with support near $17-$18.

Sui (SUI)

SUI is trading at $3.97, up 3.09% over the past 24 hours. Increased adoption of Sui’s Move-based architecture and expanding DeFi partnerships are spurring interest. A break above $4.50 could drive it to $5.00, while support is anchored near $3.50.

Meme Coins: Dogecoin & PEPE Spark Community Frenzy

Dogecoin (DOGE)

Dogecoin is trading near $0.2709, up around 6.02% over the last 24 hours. Its recent climb is supported by increased tipping activity on social media and renewed interest from Tesla and SpaceX-related news. A push beyond the $0.30 barrier could trigger further upside, with firm support between $0.18-$0.19.

Pepe (PEPE)

PEPE is trading near $0.00001422, up 4.59% in the past 24 hours. With growing whale accumulation and viral appeal across platforms, the coin is targeting a potential rally toward $0.000020. Key support is found near $0.000011.

Market Outlook: Regulation, Institutional Demand Drive Optimism

The broader crypto market continues to evolve, supported by fresh capital via ETFs and U.S. regulatory advancements like the CLARITY and GENIUS Acts. These developments are aligning with increased real-world blockchain applications from decentralized identity systems to AI-integrated DeFi platforms paving the way for sustained long-term growth.

From major altcoins to community-fueled meme tokens, the digital asset ecosystem is capturing attention from both retail and institutional investors alike.

Final Thoughts

With the global crypto market capitalization hovering at $3.92 trillion and Bitcoin maintaining its position above $118,000, the sentiment remains optimistic. Ethereum’s strong climb above $3,700 reinforces its leadership role in the decentralized application space.

Altcoins such as Solana, Avalanche, Chainlink, and Sui are showcasing compelling technical setups and real-world applications. Simultaneously, meme coins such as Dogecoin and PEPE are proving the cultural and speculative vitality of community-led assets.

As the market tests key resistance zones amid policy clarity and tech innovation, staying informed and adaptable remains essential for navigating the next phase of digital asset expansion.