Crypto Price Today: Ethereum holds above $3.8K, Bitcoin steady above $118K, Altcoins hold ground

July 31 Crypto Report: Bitcoin Steady, Ethereum Climbs, Market Cap Up 0.16% to $3.89 Trillion
Crypto Price Today_ Ethereum holds above $3.8K, Bitcoin steady above $118K, Altcoins hold ground----ico img.jpg
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As of July 31, 2025, the global cryptocurrency market capitalization stands at $3.89 trillion, reflecting a modest 0.16% increase over the past 24 hours. The broader market continues its cautious recovery, with investors rotating into fresh altcoins and meme tokens amid improving sentiment. Despite short-term volatility, long-term prospects remain rooted in strong institutional flows, clearer regulations, and sustained technological innovation across DeFi and blockchain ecosystems.

Bitcoin (BTC): Consolidates above $118K

Bitcoin is currently trading at $118,417, reflecting a modest 0.2% gain over the past 24 hours. Intraday price movement has ranged from $117,000 to $118,700, as BTC consolidates just below the significant $120,000 resistance.

Bulls are closely eyeing a breakout above this level, which could propel BTC toward the $122,000 to $140,000 range. However, any pullback could find firm support near $117,000 or $116,000, areas where strong buying interest has historically surfaced.

Ethereum (ETH): Breaking higher above $3.8K

Ethereum is trading at $3,858, up approximately 1% over the past 24 hours. Price action has stayed within the $3,780 to $3,865 range, with ETH comfortably holding above crucial support levels.

Sentiment remains fueled by the increasing inflows into Ethereum spot ETFs, accumulation by whale addresses, and bullish technical structures. A breakout above $3,900 could trigger a rally toward $4,000, while a drop below $3,750 may expose downside targets near $3,650.

Altcoins:

Sui (SUI): Surging with utility-driven demand

Sui is currently trading at $3.83, up over 0.65% in the last 24 hours. As a prominent Web3 infrastructure token, SUI is attracting attention for its scalability and use-case integration across dApps.

Support is observed at $3.70, while resistance lies near $4. A successful breakout could send SUI toward the $4.5 level, especially as institutional capital rotates into high-utility assets.

Stellar (XLM): Strengthens with cross-border appeal

Stellar is currently priced at $0.4224, up slightly by 0.22% in the last 24 hours. Continued adoption of ISO 20022 standards and enterprise blockchain solutions keeps Stellar relevant among digital payment platforms.

Support is seen at $0.40, while resistance is around $0.45. A move above this level could extend the rally toward $0.50.

Chainlink (LINK): Rising with oracle adoption

LINK is currently trading at $17.97, showing a 0.83% increase in the past 24 hours. As demand for reliable oracle solutions expands across DeFi, gaming, and institutional blockchain platforms, Chainlink continues to see increased developer integration and on-chain activity.

Support is seen around $17.00, while resistance is noted near $19.00. A breakout above this range could see LINK pushing toward the $21.00 level in the coming sessions, especially with momentum growing around new protocol upgrades and partnerships.

BNB (BNB): Steady as exchange demand rebounds

BNB is trading at $797, down 0.74% over the past 24 hours. As Binance’s native token, BNB is regaining attention amid rising exchange activity and DeFi expansion within the BNB Chain ecosystem.

Support lies around $780, with resistance near $810. A sustained break higher could pave the way toward the $850 milestone.

Memecoins:

SPX6900 (SPX6900): Capturing memecoin attention 

SPX6900 is currently trading at $1.95, reflecting a 2.67% decline over the past 24 hours. Despite the pullback, SPX6900 remains popular among meme token traders, driven by ongoing social media buzz and speculative interest.

Support is seen at $1.80, while resistance lies around $2.10. A rebound from current levels could push SPX6900 toward $2.30, contingent on renewed community momentum and broader market sentiment.

Dogecoin (DOGE): Building quietly behind the scenes

Dogecoin is currently priced at $0.2224, showing a 0.24% decrease over the past 24 hours. Despite a quieter cycle, DOGE continues to attract attention due to ongoing backend development and growing protocol relevance.

Key support is around $0.21, with resistance at $0.24. A push above could lead DOGE to test the $0.25 region, especially if meme token sentiment revives.

Market Outlook: Institutional flows and infrastructure investments support recovery

Even as price action remains mixed, crypto continues to solidify its role in institutional portfolios. Developments such as spot ETF growth, legal clarity through regulatory frameworks, and deeper Layer-2 integrations are reinforcing the market's long-term foundation.

Cross-chain infrastructure, decentralized oracle networks, and on-chain utility expansion are all pointing toward an upcoming bullish phase supported by improved liquidity and capital deployment.

Final Thoughts

With the total crypto market cap now at $3.89 trillion, showing a 0.16% daily increase, the market is staging a calculated rebound. Bitcoin remains above $118K, while Ethereum shows strength above $3.8K, both holding vital support levels.

Altcoins like SUI, XLM, LINK, and BNB are leading the rotation narrative, while memecoins  DOGE and SPX6900 remain steady amid slight consolidation. As institutional adoption expands and innovation accelerates, staying alert to sector trends remains key in navigating the evolving digital asset landscape.

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