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The cryptocurrency market is experiencing a slight increase today, with a modest rise noted. Approximately 75% of the top 100 cryptocurrencies by market capitalization have shown positive movement over the last 24 hours. However, the overall cryptocurrency market capitalization has decreased by an additional 3.6%, now standing at $3.96 trillion. Concurrently, the total trading volume in the crypto space is reported at $154 billion.
TLDR:
Crypto Winners & Losers
Among the top 10 cryptocurrencies by market capitalization, only one has seen a decline in the past 24 hours.
Bitcoin (BTC) remains relatively stable, having risen by 0.4% in a day, currently trading at $118,386.
In contrast, Ethereum (ETH) recorded the highest increase in this category, rising by 1.5% and now trading at $3,860.
XRP also saw a gain of 0.9%, reaching $3.15, while the majority of the other coins in this category are up by less than 0.5% at the time of this report.
On the downside, Tron (TRX) is the only coin in this category that has decreased today, falling by 3% to $0.327.
Among the top 100 cryptocurrencies, 75 have shown gains today. Ethena (ENA) experienced the only double-digit increase, rising by 12.7% to a price of $0.6464.
Following this, Story (IP) increased by 9.1%, reaching $6.24. Other cryptocurrencies in this category have risen by 4.9% or less.
Conversely, Tron also recorded the largest decline in this category, followed by XDC Network (XDC), which dropped by 2.8% to $0.09755.
Other cryptocurrencies in the red are down by 1.7% or less.
The markets, including crypto, have responded to remarks from US Federal Reserve Chair Jerome Powell, which largely dampened expectations for a rate cut in the near future. Powell indicated that the Fed requires more data to assess the impact of tariffs on inflation.
Despite the fact that a rate cut would be beneficial for crypto, suggesting that the absence of news regarding a cut could hinder market performance, the crypto market is demonstrating its resilience once again with today’s moderate increase.
Importantly, positive financial results are emerging from major companies. Robinhood’s crypto revenue surged by 98% to $160 million. For Q2 2025, it reported total revenue of $989 million, reflecting a 45% year-on-year growth.
Robinhood Markets has just released financial results for the second quarter of 2025.
Check out the highlights from @vladtenev below, and catch our earnings call live at: https://t.co/W92tO1JASh pic.twitter.com/0Sm2N8ZN3w— Robinhood (@RobinhoodApp) July 30, 2025
This increase is attributed to the rising crypto activity and the integration of Bitstamp.
‘BTC Breakout Above $125,000 Could Lead to $141,000′
Glassnode’s analysts have determined that Bitcoin long-term holders “still command 53% of supply despite recent distribution.” This suggests that if the price rises, more supply could become available, necessitating ongoing demand to absorb it.
#Bitcoin Long-Term Holders – investors who held for 155 days or more – still command 53% of supply despite recent distribution. The enduring concentration signals more supply could unlock if price rises – requiring sustained demand to absorb it. pic.twitter.com/WX64SoIEIj
— glassnode (@glassnode) July 30, 2025
Furthermore, according to Glassnode’s latest report, Bitcoin remains within a range of $105,000 to $125,000. A decisive breakout above this range could “shift market dynamics” and facilitate a move toward $141,000.
This latter price point is where “profit-taking could sharply intensify” and is likely to experience increased sell-side pressure due to the high unrealized profits anticipated there.
Conversely, there exists a low volume zone between $110,000 and $115,000. This is “a critical area to monitor should a market pullback occur.”
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Additionally, other metrics indicate “latent sell-side pressure,” as noted by the researchers.
#Bitcoin’s Unrealized Profit as a percentage of Market Cap broke above the +2σ band, a level historically tied to euphoric phases. The setup mirrors previous ATH environments, reinforcing latent sell-side pressure. pic.twitter.com/3DyZ8q1vlf
— glassnode (@glassnode) July 30, 2025
Meanwhile, numerous industry experts have commented on the news from the US Fed.
Tom Bruni, VP of Community at Stocktwits, characterized the FOMC meeting as “uneventful with rates remaining unchanged.” Most anticipate that the September meeting will be the first to implement a cut.
However, Powell’s remarks are “the wildcard, as the Fed’s updated economic projections in June already indicated slowing growth and persistent inflation,” Bruni states. “Nevertheless, following a record run from the April lows, the stock market and other risk assets have stalled as the market’s focus shifts to earnings season.”
“The pause in momentum suggests that investors/traders are seeking reasons to sell in this environment, so any unexpected comments or Q&As from Powell could trigger some weakness,” Bruni adds.
Greg Magadini, Director of Derivatives at Amberdata, noted that if Powell were to be dismissed or initiate rate cuts prematurely, hard assets, particularly BTC, could “rally significantly while inflation and bonds would depreciate in value.”
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Levels & Events to Watch Next
As of Thursday morning, BTC is trading at $118,386. 24 hours prior, it was trading at $117,962. It remained relatively stable for several hours before briefly dipping to $116,079 from the daily high of $118,644.
In the last few hours, it has continued to trade sideways, attempting to break back into the $119,000 level. Achieving this would indicate further upside potential and a possible increase above $120,300. While there is a chance for the coin to decline to the $114,530-$116,500 range, it is currently striving for further appreciation.
Bitcoin Price Chart. Source: TradingView
Additionally, Ethereum is presently trading at $3,860. The price began the day at $3,808, experiencing a sharp decline to $3,708, after which it rose to a peak of $3,868.
Despite the recent pullback, ETH continues to rise and is aiming to reach $4,000. If this upward momentum persists, the price is likely to surpass $3,900 within a few days.
Meanwhile, the sentiment in the crypto market has slightly decreased over the past day. The crypto fear and greed index is at 62 today, down from 63 yesterday.
While still within the greed territory, the sentiment may transition into the neutral zone. Although there is considerable optimism among investors, there is also a growing sense of caution. With ongoing regulatory and economic developments, investors are looking for further signals.
Source: CoinMarketCap
Moreover, on Wednesday, US BTC spot exchange-traded funds (ETFs) recorded inflows of $47.04 million, marking their fifth consecutive day of positive flows.
However, only two funds reported inflows, both of which were positive. BlackRock recorded $34.37 million, while Bitwise saw $12.66 million.
Source: SoSoValue
Simultaneously, US ETH ETFs have achieved the 19th consecutive day of positive inflows. One more day will set a new record. The inflows were recorded at $5.79 million on Wednesday, the lowest amount in weeks.
BlackRock received $20.29 million, and Grayscale saw inflows of $7.77 million. However, Fidelity reported a decline of $22.27 million.
Source: SoSoValue
In addition, JPMorgan estimated that over $60 billion in new capital has flowed into crypto markets in 2025, demonstrating the strength of the bull market. This influx is attributed to ETF adoption, venture capital investments, and renewed confidence in the market following regulatory clarity.
Furthermore, crypto exchange Kraken reported $411.6 million in revenue for Q2 2025, reflecting an 18% year-on-year increase. Its adjusted EBITDA decreased by 7% to $79.7 million, due to market fluctuations and ongoing macroeconomic uncertainty.
Kraken reported $412M in Q2 revenue, up 18% YoY, as the exchange expanded into equities trading in the U.S.
Exchange volume reached $186.8B, while platform assets surged 47% YoY.pic.twitter.com/BHG7UyAp5C
— Moby Media (@mobymedia) July 31, 2025
Quick FAQ
- Why did crypto move with stocks today?
Both the cryptocurrency and stock markets exhibited mixed performances. The S&P 500 declined by 0.12%, the Nasdaq-100 increased by 0.16%, and the Dow Jones Industrial Average fell by 0.38%. The markets primarily reacted to the US Federal Reserve’s announcement that there will be no rate cuts in the upcoming month.
- Is this rally sustainable?
This is a relatively modest increase, and the market may fluctuate in the short term, depending on additional regulatory and economic signals. In the long term, analysts anticipate that the rally will persist.
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