Crypto Price Today: Bitcoin Above $118K, Ethereum Eyes $3.5K

The cryptocurrency market continues to show high activity as of July 17, 2025. Leading cryptocurrencies like Bitcoin, Ethereum, and XRP have experienced both gains and corrections in recent hours. The overall sentiment remains positive, driven by large institutional investments, favorable government decisions, and increased interest in crypto-related financial products.

Here’s a detailed analysis of today’s crypto market, including the latest prices, trends, and updates for key assets.

The total cryptocurrency market cap is now close to $3.8 trillion, a strong indicator of overall growth. More than 90 of the top 100 cryptocurrencies are trading in the green. This shows that the momentum is not limited to just Bitcoin or Ethereum, but is spread across many altcoins as well.

Institutional investors, including banks, hedge funds, and asset managers, are continuing to pour capital into crypto. This has been helped by the launch of several crypto exchange-traded funds (ETFs), especially those backed by Bitcoin and Ethereum.

Current Price: Around $118,500

Intraday High: $120,012

Intraday Low: $117,650

Bitcoin remains the most valuable cryptocurrency in the market. The price has increased significantly in the past few months, reaching an all-time high of over $123,000 earlier this month. After this peak, some profit booking led to a slight correction, bringing it back below $120,000.

Heavy inflows into Bitcoin ETFs have boosted demand.

Over $51 billion has been invested in these funds since the start of the year.

Positive political developments in the United States are also helping, such as the progress of new laws that support crypto adoption and protect users.

Investors believe Bitcoin is becoming a reliable store of value like gold.

Technical Outlook: Bitcoin is currently consolidating between $118,000 and $120,000. Experts expect it could climb further if buying pressure continues. However, short-term corrections are also likely due to profit-taking by traders.

Current Price: Around $3,349

Intraday High: $3,419

Intraday Low: $3,129

Ethereum is the second-largest cryptocurrency and remains a favorite for smart contracts and decentralized applications. The token has seen an 8% gain over the past 24 hours.

Strong inflows into Ethereum ETFs.

Rising interest in decentralized finance (DeFi) projects.

Ongoing technical upgrades to the Ethereum network, including recent and upcoming updates that improve speed, reduce fees, and increase energy efficiency.

Ethereum is also seen as undervalued compared to Bitcoin, attracting investors looking for growth opportunities.

Technical Outlook: If Ethereum maintains its position above $3,300, analysts predict a move toward $3,500 and beyond in the short term.

Current Price: Around $3.07

Intraday High: $3.09

Intraday Low: $2.91

XRP has seen modest gains in line with the broader market. While its growth isn’t as strong as Bitcoin or Ethereum, it continues to attract attention from institutions and retail investors.

Open interest in XRP futures is at one of its highest levels ever, showing that traders expect major moves soon.

XRP is expected to benefit from upcoming US crypto legislation, which could provide more clarity and support for tokens like XRP.

Institutional investors are gradually increasing exposure to altcoins like XRP, looking for higher returns beyond Bitcoin and Ethereum.

Several important news developments are influencing the crypto market today:

New crypto laws in the US, such as the GENIUS Act and CLARITY Act, are moving forward. These aim to bring clear rules for stablecoins and digital assets.

Bitcoin ETFs continue to attract huge investments. One major fund saw over $1.1 billion invested in a single day, showing high confidence from institutions.

“Crypto Week” activity in the US Congress has created excitement and some uncertainty. While some bills were delayed, political leaders are showing more support for the industry.

Profit-taking in Bitcoin has led to over $3.5 billion in realized gains and nearly $700 million in leveraged trade liquidations.

A strategic Bitcoin reserve has been created by the US government, showing strong national support for Bitcoin as a long-term asset.

The overall market sentiment remains bullish, but slightly cautious after recent profit-taking. A “greed” phase is continuing in market indicators, suggesting strong buying interest.

Traders are watching for:

ETF inflow strength

Government decisions on crypto regulation

Signs of profit booking or short-term pullbacks

The market is also witnessing a high level of trading activity, which adds to short-term price volatility.

These predictions are based on current trends, institutional behavior, and expected regulatory clarity.

While the market remains positive, some risks could impact prices:

Profit Booking: After major rallies, traders may sell to lock profits.

Political Decisions: Delays or opposition to crypto laws in the US could trigger market declines.

Global Macroeconomic Conditions: A stronger US dollar, rising interest rates, or economic slowdowns could hurt crypto prices.

Volatility: Sudden swings are common in crypto. Large trades or news events can move prices quickly.

Today’s crypto market reflects growing maturity and acceptance across the world. With rising adoption, legal clarity, and institutional support, digital assets are moving closer to mainstream financial systems. Staying updated on policy, technical changes, and price trends remains essential in understanding this fast-evolving space.