Crypto Price Today: Ethereum above $3.8K, Bitcoin near $119.5K, Altcoins rally amidst market momentum

Bitcoin nears $120K, Ethereum at $3.8K as Global crypto cap rises 1.45% to $3.95 trillion
Crypto Price Today_ Ethereum above $3.8K, Bitcoin near $119.5K, Altcoins rally amidst market momentum--ico img.jpg
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As of July 28, 2025, the global cryptocurrency market capitalization stands at $3.95 trillion, reflecting a 1.45% increase over the past 24 hours. The market exhibits renewed bullish sentiment, fueled by sustained institutional participation, progressive regulatory frameworks, and the expansion of DeFi platforms. The growth of blockchain ecosystems and decentralized applications (dApps) continues to support a positive long-term outlook.

Bitcoin (BTC): Trading near $119.5K

Bitcoin is currently trading at $119,287, showing a 0.90% increase over the past 24 hours. The intraday range has spanned from roughly $117,911 to $119,766, indicating a consolidation near the upper boundary of recent price movements.

Although Bitcoin had been hovering below the psychological $120,000 mark, current momentum suggests increasing bullish sentiment. A breakout above $120,000 could lead to a potential test of higher resistance near $122,000. Conversely, if momentum stalls, BTC may revisit support levels around $117,000 to $116,000.

Ethereum (ETH): Climbs to $3.8K

Ethereum is trading at $3,874, up 2.50% over the past 24 hours. After ranging between $3,761 and $3,894, ETH remains above key support at $3,850. The ongoing transition to Ethereum 2.0 bolsters investor optimism, increased staking participation, and vibrant DeFi activity on the network.

A push above the $3,900 level could open the door to retesting resistance near $4,000, while a fall below $3,850 may lead to a short-term correction toward $3,750.

Altcoins:

XRP (XRP): Trades near $3.30

XRP is currently priced at $3.27, reflecting a 2.30% increase in the past 24 hours. Known for its focus on cross-border payments and enterprise adoption, XRP continues to gain traction with institutional use cases. Regulatory clarity has also played a role in recent price stability.

Support for XRP lies around $3.20, with resistance seen near $3.35. A break above resistance could set the stage for a move toward $3.50, while sustained buying interest keeps momentum alive.

BNB (BNB): Surges to $848

BNB is trading at $841, showing a notable 5.8% increase in the past 24 hours. As the utility token of the Binance ecosystem, BNB benefits from expanding DeFi services, reduced transaction fees, and growing adoption of Binance Smart Chain (BSC) applications.

Support is seen near $820, with resistance around $880. A successful breakout above resistance could signal a run toward $900, driven by robust ecosystem growth.

Polkadot (DOT): Holds firm above $4

Polkadot is currently priced at $4.24, with a 1.88% increase in the last 24 hours. Renowned for enabling interoperability between different blockchains, DOT remains a favorite among developers building cross-chain dApps.

Support lies near $4, with resistance at $4.40. A breakout above that level could propel the price toward $6, backed by continued technical upgrades and parachain expansion.

Solana (SOL): Rebounds above $182

Solana is currently priced at $193.46, reflecting a 3.36% increase over the past 24 hours. Celebrated for its high-speed performance and low fees, Solana remains a leading smart contract platform. The growth of its NFT ecosystem and Layer-1 scalability solutions continues to drive investor confidence.

Support lies near $185, with resistance around $198. A decisive break above the resistance level could propel SOL toward $210, with technical indicators suggesting continued upward momentum.

Memecoins:

Shiba Inu (SHIB): Community strength persists

Shiba Inu is trading at $0.00001415, up 0.51% in the past 24 hours. Despite fluctuations, SHIB maintains a strong presence, underpinned by its passionate community and initiatives like the Shibarium Layer-2 network.

Support lies near $0.00001350, with resistance at $0.00001450. A break above this range could renew short-term bullish momentum.

Dogecoin (DOGE): Climbs to $0.24

Dogecoin is currently priced at $0.24, reflecting a 2.23% increase in the past 24 hours. Originally a meme, DOGE has evolved into a widely accepted token for microtransactions, with growing adoption across social and e-commerce platforms.

Resistance is observed at $0.25, with support around $0.23. Its future trajectory hinges on continued retail enthusiasm and broader adoption of use cases.

Market Outlook: Institutional participation and regulatory clarity paving the way

The cryptocurrency market remains supported by an influx of institutional capital and clear policy directions. Recent legislation, including the CLARITY Act and supportive guidance for crypto ETFs, has significantly improved the investment environment for digital assets. Traditional financial institutions are increasingly integrating blockchain technologies into their frameworks, bringing enhanced credibility and stability.

Meanwhile, sustained growth in Bitcoin and Ethereum ETFs, cross-chain innovation, and enterprise blockchain applications reflect the maturing nature of the industry.

Final Thoughts

With a 1.45% increase in market cap, bringing the total to $3.95 trillion, the cryptocurrency space continues to show resilience and growth. Bitcoin holds steady near $119,500, while Ethereum advances above $3,870, reflecting strong investor sentiment. Key altcoins like XRP, BNB, Polkadot, and Solana show encouraging trends, while meme coins like Shiba Inu and Dogecoin maintain vibrant community engagement.

As the market continues to evolve, institutional interest, regulatory milestones, and dApp innovation are poised to drive the next phase of growth. Staying informed and adaptable remains crucial for navigating this dynamic digital economy.

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