Why Is Crypto Up Today? – July 31, 2025
Main Idea
The crypto market saw a minor uptick with mixed performances among top coins, influenced by Federal Reserve comments and institutional inflows, while analysts highlight key price levels and potential market movements.
Key Points
1. Three-quarters of the top 100 cryptocurrencies saw gains, with BTC and ETH rising moderately to $118,386 and $3,860, respectively.
2. A decisive breakout above the $105,000-$125,000 range for BTC could lead to $141,000, while a light volume zone between $110,000 and $115,000 is critical for pullbacks.
3. US ETH spot ETFs recorded their 19th consecutive day of inflows, while BTC spot ETFs saw minor positive flows of $47 million.
4. Long-term Bitcoin holders still control 53% of the supply, indicating sustained demand despite recent distribution.
5. Robinhood reported a 98% increase in crypto revenue to $160 million for Q2 2025, while Kraken saw an 18% YoY revenue growth to $411.6 million.
Description
The crypto market is up today, seeing a minor uptick. Three-quarters of the top 100 coins per market have turned green over the past 24 hours. That said, the cryptocurrency market capitalization has dropped by another 3.6% to $3.96 trillion. At the same time, the total crypto trading volume is at $154 billion. TLDR: Crypto market turned mildly green over the past day; Nine out of the top 10 coins are up; BTC and ETH saw moderate increases, trading at $118,386 and $3,860, respectively; A decisive...
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