Crypto Price Today: Bitcoin Tests $110K, Ethereum Pressures $2.6K as Altcoins and Memecoins Heat Up

Crypto Market Climbs 0.40% to $3.37 trillion as Bitcoin Eyes $110K and Ethereum Targets $2.6K
Crypto Price Today_ Bitcoin Tests $110K, Ethereum Pressures $2.6K as Altcoins and Memecoins Heat Up--ico img.jpg
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As of July 4, 2025, the global cryptocurrency market capitalization has climbed to $3.37 trillion, reflecting a 0.40% increase over the last 24 hours. This modest yet notable uptick highlights continued investor optimism amid expectations of upcoming monetary easing by the U.S. Federal Reserve and consistent institutional flows into digital assets. 

With ETF-driven demand surging and real-world utility expanding, the crypto market maintains a solid bullish undertone.

Bitcoin (BTC): Tests $110K as Institutional Inflows Continue

Bitcoin is currently trading at $109,288, marking a slight yet significant 0.55% intraday gain. The price range today has spanned from $108,624 to $110,387, with BTC continuing to test resistance just below the crucial $110,000 level. The persistence near this range is powered by consistent ETF inflows and increased participation by long-term holders.

The realized market cap of Bitcoin continues to trend higher, reflecting strong conviction from institutional investors treating BTC as a digital store of value. With a total market capitalization of north of $2.17 trillion, Bitcoin remains the benchmark for market health and direction. 

A confirmed breakout above $110,000 - $111,000 could trigger a fresh rally. On the downside, solid support is consolidating near $108,000.

Ethereum (ETH): Edges Past $2.5K with Network Activity Growing

Ethereum is trading around $2,579, posting a 0.66% gain in the past 24 hours. Price movement remains within the band of $2,560 to $2,630, as ETH consolidates above the $2,500 mark. The bullish pressure comes as Ethereum’s ecosystem sees revived staking interest, surging Layer-2 adoption, and rising transaction throughput across DeFi and NFT platforms.

With a market capitalization of approximately $311 billion, Ethereum continues to anchor decentralized applications. Technical indicators suggest that a clean break above $2,600 could open the gates for a move toward the $2,700 - $2,800 region. 

Key support zones are located around $2,550 and $2,500, giving ETH a robust cushion should short-term pullbacks occur.

Altcoins: Innovative Platforms and Infrastructure Tokens Lead the Charge

While BTC and ETH remain dominant, several well-established altcoins are showcasing strong fundamentals and renewed investor interest.

XRP (XRP)

XRP is trading at $2.24, up approximately 0.26%, as regulatory clarity improves and adoption for cross-border transactions grows. Institutional interest continues to support its narrative as a reliable fintech-layer asset. XRP may challenge resistance at $2.25 - $2.35, with support near $2.00.

Stellar (XLM)

Stellar is currently priced at $0.2414, recording a 0.65% gain in the past 24 hours. XLM is experiencing renewed momentum thanks to its focus on fast, low-cost remittances, especially in emerging markets. Resistance is observed near $0.26 - $0.28, with a key support zone around $0.22.

Avalanche (AVAX)

AVAX is trading at $18.76, showing an increase of 1.13% over the last 24 hours. The token benefits from expanding DeFi activity and subnet usage across Avalanche’s ecosystem. Resistance lies between $20 - $22, while support can be seen near $16.

Sui (SUI)

SUI is currently trading at $3.00, marking a 4.35% gain over the last 24 hours. Known for its object-based smart contract model and parallel execution architecture, Sui is attracting growing developer interest and user activity. If current momentum holds, SUI may test the $3.30 - $3.50 resistance range. On the downside, key support is forming near $2.80, offering a solid technical foundation for continued upside.

Meme Coins: Viral Utility and Community Growth Resurge

Meme coins are capturing market attention, with notable gains and volatility returning to these community-driven assets:

Dogecoin (DOGE)

Dogecoin, the original meme cryptocurrency, is trading at $0.1710, showing a 1.26% gain over the past 24 hours. Increased adoption of microtransactions and strong social media buzz continue to bolster DOGE’s standing among retail investors. If bullish sentiment persists, DOGE could push toward the $0.18 - $0.20 resistance range, with support seen near $0.155.

Pudgy Penguins (PENGU)

PENGU, inspired by the popular NFT collection, is trading at $0.01688, up 8.82% on the day. The coin is gaining traction thanks to its playful branding, cross-chain community growth, and NFT market revival. If momentum holds, PENGU could test resistance at $0.017 - $0.019, while support builds around $0.015.

Market Outlook: Rate Cut Hopes and ETF Capital Keep Sentiment Alive

The crypto market’s latest upswing is largely fueled by expectations that the Federal Reserve may begin easing interest rates, thereby boosting demand for riskier assets, such as cryptocurrencies. The ongoing accumulation of Bitcoin by institutional investors, as evidenced by rising ETF inflows and wallet metrics, continues to provide a strong foundation for market stability.

Meanwhile, sentiment indicators such as the Crypto Fear & Greed Index remain firmly in the Greed zone, highlighting sustained investor confidence.

Final Thoughts

With a 0.40% daily gain in total market capitalization, today’s market paints a confident and bullish picture. Bitcoin remains firmly rooted near $109,000, while Ethereum regains strength above $2,500. Altcoins XRP, Stellar, Avalanche, and XRP are frontrunners, backed by technical momentum and ecosystem growth.

Meanwhile, meme coins like Dogecoin and PENGU continue to entertain and attract retail investors with their distinctive appeal and viral communities.

As the macroeconomic environment becomes more favorable and institutional participation deepens, the crypto market appears poised for further expansion in the second half of 2025, with potential for a breakout that could redefine the current bullish cycle.

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