The Crypto Market Today: Bitcoin (BTC) Whales Accumulate 358k Coins, Market Cap Adds 3.39%

The crypto prices in the market today have exhibited signs of a resurgence and have ignited investors’ confidence in the future outlook of the market.

Crypto prices in the market today showed signs of recovery, boosting investors' confidence in the market's future outlook. As a result, most of the coins were in the green zone, as opposed to the data from yesterday.

According to a recent report by Coinfomania, Bitcoin is currently in its accumulation phase as whales amass a large volume of BTC, collecting up to 358k coins. This massive acquisition is seen as bullish and can be attributed as one of the driving forces behind the current market price trajectory. Bitcoin traded as high as $67,200 earlier today and ETH touched $3,270. The investors’ sentiment surrounding the market shows ‘greed’ according to the crypto fear and greed index data, maintaining the ’68’ points from yesterday. Notably, the total market cap has added 3.39%, presently at $2.39 trillion.

Top Crypto Prices Today

The price of Bitcoin (BTC) has shown fluctuating movements over the last month. It has gone as low as $53k and jumped as high as $67k. News like the Mt. Gox creditors’ repayments, and the whales' accumulations continue to affect this pattern. At the time of writing, Bitcoin traded at $67,196, signifying an impressive 4.54% increase. Moreover, the one-day trading volume increased marginally by 0.08% to $34.6 billion. According to data from Soso Value, the total Bitcoin ETF inflow for July 25 is $31.16 million.

The ETH price seems to be gathering momentum after a short period of downtrend. Following the launch of the spot ETH ETF in the United States, investors have been keenly observing to see the potential effect on the price of the coin. Ethereum traded at $3,259 at the time of writing, representing a 2.65% increase in one day. Notably, Ethereum has seen the lows and highs of $3,098.69 and $3,274 respectively.

Other Altcoin Prices

Solana has seen a 4.44% increase to $178.67. What is more, SOL had its bottoms and tops of $166.04 and $178 respectively. In the weekly chart, Solana still enjoys a 9.75% gain.

The price of the Ripple-backed XRP token gained a marginal 0.30% to its value, resting at $0.603. Interestingly, XRP has traded between $0.5877 and $0.6232 in one day.

The Binance Coin (BNB) price has increased by 2.02% to $578.05, maintaining a bottom and top range of $556.24 and $580.46 respectively. Also, Toncoin (TON) pumped by 1.69% to $6.76. Its one-day lows and highs were $6.49 and $6.76.

The memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) have increased over the last day. While DOGE saw a notable 3.71% loss, SHIB recorded a decline of 2.63%. Hence, DOGE and SHIB are now trading at $0.129 and $0.00001681 respectively.

Top Trending Gainers Today

PowerPool (CVP) surged by 117.52% to $0.528

Solympics (SOLYMPICS) climbed 41.70% to reach $0.002978

SATS (1000SATS) gained 13.36% to $0.0003286

Worldcoin (WLD) moved up by 10.62% to $2.44

The majority of the coins in the market enjoyed notable gains at the beginning of the week. During the week, we saw volatile movements that changed the market landscape and placed most of the coins in the red zone. With the current outlook, it seems the crypto market will be ending the week on a positive note as investors continue to keep an eye on trends.