Crypto today: Bitcoin, Ethereum and XRP rallies grind to a halt as Ether ETF fails to push the altcoin higher
Source Fxstreet
- Bitcoin hovers around key support at $65,000, early on Thursday, institutional demand helps sustain recent gains.
- Ethereum suffers a correction, dips to $3,100 on July 25, despite optimism surrounding ETF approval by the regulator.
- XRP sustains above psychologically important $0.60 level.
Bitcoin, Ethereum and XRP updates
- Bitcoin is trading at $66,198 at the time of writing, sustaining above key support at $65,000. As Bitcoin supply on exchanges shrinks, the asset has room for extending gains further. Combined with steady institutional demand, Bitcoin has bullish potential in July. Bitcoin price struggles at $64,000 amid positive exchange inflow and Mt. Gox transfer concerns
- Ethereum suffered a steep correction that pushed the altcoin closer to $3,000 support. The altcoin failed to recover from its decline despite the optimism surrounding the Spot Ethereum ETF by the Securities & Exchange Commission (SEC). Crypto Today: Mt.Gox concern dissipates as Bitcoin holds steady, XRP rallies, Ethereum is the underdog
- Ripple and SEC have a closed-doors meeting scheduled for July 25. The cross border payment remittance firm could see a resolution of the lawsuit soon. XRP hovers around $0.62, above key psychological support. Ripple lawsuit to move forward with closed-door meeting on July 25, XRP hovers around $0.62
Chart of the day
OP/USDT daily chart
Optimism (OP) could sweep liquidity in the Fair Value Gap (FVG) between $1.532 and $1.581 before resuming a rally towards the lower boundary of the FVG at $2.274. A correction in Optimism is likely since the momentum indicator Moving Average Convergence Divergence (MACD) signals waning positive momentum in Optimism’s price trend.
The green histogram bars are consecutively smaller and closer to the neutral line, as seen in the OP/USDT daily chart.
Market updates
- Santiment data shows that Synthetix.io (SNX), dYdX (DYDX), Osmosis Zone (OSMO) are the top DeFi related coins by notable development activity in the past 30 days.
Here are crypto's top DeFi-related coins by notable development activity in the past 30 days.
— Santiment (@santimentfeed) July 24, 2024
Directional indicators represent each project's ranking rise or fall since last month:
1) @synthetix_io $SNX
2) @dydx $DYDX
➡️ 3) @osmosiszone $OSMO
➡️ 4)… pic.twitter.com/aPT9GiYlfZ
- Shibarium, Shiba Inu’s Layer 2 partnered with BadIdea AI to enhance their bridge for cryptocurrencies. The project integrates AI with blockchain to secure addresses and improve user experience for Shiba Inu users.
- In Q2 the $450 million Metis Layer 2 project fund supported the launch of the Liquid Staking Blitz. The fund brough Artemis and Enkin, two other projects into the fold, per Messari Research.
Industry updates
- Russian lawmakers passed a bill legalizing Bitcoin mining, and acceptance of crypto payments for international trade.
- Solana and NEAR protocol are connected via a bridge that went live early on July 25.
The first bridge connecting @solana & NEAR Protocol is live
— NEAR Protocol (@NEARProtocol) July 25, 2024
Explore all that NEAR has to offer without ever leveraging centralized services.
Powered by @wormhole. Built by @crownyio. https://t.co/Jq7LSzC788
- Fireblocks announced the launch of a Web3 startup toolkit, on July 25.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of the Asian session on October 23, gold prices (XAUUSD) continued Thursday's decline, dipping below the $4,000 mark during intraday trading to hit a low of $3,986.54. On Thursday, gol
Nasdaq closes at 26,008.86 — 8.9 points above 26,000, and the credit market never blinkedThe Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.
The Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.
Brent tops $113 on Saudi supply risk — but the diesel line in the EIA report is the tellBrent's December contract settled at $113.17 on October 22, up 4.00% and the highest close since May 4, after Saudi Arabia restricted refined-product shipments. The same session's EIA report showed crude stocks down 3.06 million barrels and gasoline down 2.95 million — but distillates built 1.68 million. That single line decides whether $113 holds: here are the data, the 108.8 / 114.0 / 119.3 levels and the two scenarios.
Brent's December contract settled at $113.17 on October 22, up 4.00% and the highest close since May 4, after Saudi Arabia restricted refined-product shipments. The same session's EIA report showed crude stocks down 3.06 million barrels and gasoline down 2.95 million — but distillates built 1.68 million. That single line decides whether $113 holds: here are the data, the 108.8 / 114.0 / 119.3 levels and the two scenarios.
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 23, 2026. Read on for the details.
Gold falls to two‑month low below $4,050 as oil spikesGold price (XAU/USD) falls to the lowest in more than two months near $4,025 during the early Asian session on Friday. The precious metal faces some selling pressure as escalating tensions in the Middle East send oil surging ahead of a Federal Reserve (Fed) policy meeting.
Gold price (XAU/USD) falls to the lowest in more than two months near $4,025 during the early Asian session on Friday. The precious metal faces some selling pressure as escalating tensions in the Middle East send oil surging ahead of a Federal Reserve (Fed) policy meeting.
