Why Is Crypto Up Today? – July 23, 2025
Main Idea
The cryptocurrency market shows mixed performance with Bitcoin and Ethereum largely unchanged, while some altcoins see significant gains; institutional adoption and structural changes in volatility are key factors influencing the market.
Key Points
1. The cryptocurrency market capitalization holds at $4 trillion, with most top 100 coins showing gains in the last 24 hours.
2. Bitcoin (BTC) and Ethereum (ETH) prices remain stable at $118,487 and $3,695 respectively, while Binance Coin (BNB) hits a new all-time high of $801.
3. PNC Bank announces integration of Coinbase’s Crypto-as-a-Service platform, signaling growing traditional finance interest in crypto.
4. Bitcoin’s volatility is decreasing due to institutional participation, with $154 billion held in BTC ETFs compared to $15.3 billion in ETH ETFs.
5. US BTC spot ETFs see outflows for the second consecutive day, while US ETH ETFs mark their one-year anniversary with positive inflows.
Description
Over the past 24 hours, the cryptocurrency market capitalization has dropped by 3.3%, but it still holds at $4 trillion. That said, the market is up today, with the large majority of the top 100 coins per market capitalization increasing in this period. At the same time, the total crypto trading volume is at $222 billion, maintaining similar levels for days now. TLDR: Crypto market cap holds at $4 trillion; Majority of top 100 coins have increased in 24 hours; BTC and ETH are largely unchanged, ...
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