Why Is Crypto Up Today? – July 31, 2025

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.