Why Is Crypto Up Today? – July 17, 2025
2025-07-17 14:57:03
Main Idea
The crypto market is experiencing positive momentum with notable price increases in major cryptocurrencies like Ethereum and XRP, alongside favorable regulatory developments in the US.
Key Points
1. Ethereum (ETH) saw a 9% increase, trading at $3,425, while XRP (XRP) rose 7.7%, with Floki (FLOKI) leading gains at 35.7%.
2. The U.S. House of Representatives passed procedural motions for three crypto-related bills, including the GENIUS stablecoin bill, signaling potential regulatory progress.
3. Bitcoin (BTC) remains stable at $118,085, with analysts noting key supply zones and potential for future price discovery.
4. US BTC and ETH spot ETFs recorded significant inflows, with BlackRock leading at $763.89 million for BTC and $499.25 million for ETH.
5. Market sentiment remains in the greed zone, with ETH nearing its all-time high of $4,891, and institutional interest in Bitcoin DeFi growing.
Description
The crypto market is up today, with individual coins – particularly in the top 10 category – seeing notable increases. 90 of the top 100 coins per market cap have appreciated over the past 24 hours. That said, the cryptocurrency market capitalization has decreased by 2% to $3.88 trillion. Nonetheless, the total crypto trading volume is at $240 billion. These levels have remained similar for the past three days. TLDR: The crypto market is still increasing, with 90 of the top 100 coins rising; BTC...
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