Crypto Price Today: Bitcoin at $118.6K, Ethereum Near $3.8K

Crypto Price Update - On July 29, 2025, the global cryptocurrency market is experiencing mild declines, with Bitcoin and Ethereum leading the trend. The price of Bitcoin (BTC) is around $118,650, down by about 0.5% in the last 24 hours. Ethereum (ETH) is trading near $3,794, falling about 2% in the same period.

This movement comes after Bitcoin reached a record high of $123,000 on July 14, 2025. Since then, the price has slowly declined, showing that the market is taking a break from its earlier strong upward trend. Ethereum is showing strength due to large investments through recently launched Ethereum exchange-traded funds (ETFs), which have attracted over $5.2 billion in the past 17 days.

Bitcoin remains the largest and most influential cryptocurrency. Over the past week, its price has moved within a narrow range of $118,000 to $119,000. While the price is slightly down today, Bitcoin is still up by nearly 10% over the past month and more than 75% since the beginning of the year.

The recent high of $123,000 earlier this month was driven by optimism over new government policies in the United States that support digital assets. Since that peak, the price has cooled slightly as investors take profits and wait for the next policy announcements.

Ethereum, the second-largest crypto asset, is holding support levels above $3,700 despite today’s drop. This strength is mainly due to consistent demand from large institutions. In the past 17 days, investors have put over $5.2 billion into Ethereum-based ETFs. This is a strong sign that institutions are confident in Ethereum’s long-term future.

While today’s price is lower than yesterday’s, Ethereum is still performing well compared to many smaller coins. If investor interest remains strong, Ethereum could soon retest the important $4,000 price level.

Several popular altcoins are showing mixed performance today. Here are some highlights:

Solana (SOL) is trading around $182.80, falling over 3% in the last 24 hours. Its trading volume has jumped more than 58%, suggesting a lot of investor activity, possibly due to price corrections.

Dogecoin (DOGE) is priced at around $0.23, with a sharper 6.5% drop. This meme-based coin often sees high ups and downs due to social media trends.

PEPE, another popular meme coin, has fallen over 7% today. It is trading between $0.0000117 and $0.000013. Despite the drop, trading volume remains high, showing continued interest among short-term traders.

A major positive trend in the market is the growing involvement of institutions. For example, ETFs focused on Ethereum are attracting billions of dollars, which helps improve the stability and image of the cryptocurrency sector. These ETFs make it easier for traditional investors to gain exposure to crypto without having to directly buy and store digital coins.

Another major development involves the Fluid Protocol, a decentralized finance platform. It now accounts for almost 29% of Ethereum’s stablecoin trading volume, second only to Uniswap. This suggests a shift in where investors are placing their trust in decentralized trading.

In India, a big change may be on the way. Coinbase, a major American crypto exchange, is reportedly in talks to buy CoinDCX, a leading Indian crypto platform, for under $1 billion. This move could help Coinbase expand in Asia, especially if India releases a clear set of crypto rules soon.

While the market grows, risks are rising as well. One of the biggest concerns is the sharp rise in crypto-related scams, especially those using artificial intelligence. Between May 2024 and April 2025, AI-based scams grew by over 450%. Criminals are now using tools like deepfake voice and video to trick people into sending money or crypto.

These scams have caused huge financial losses worldwide, with the United States alone reporting losses of nearly $4 billion. Because of this, governments are pushing new laws and safety measures to fight fraud and protect investors.

A major legal case in the UK has also caught attention. A former restaurant worker named Jian Wen was convicted in 2024 for laundering over 61,000 Bitcoin, which at the time were worth nearly £6.7 billion. This is the biggest cryptocurrency-related money laundering case in UK history and shows how digital assets are being used in large-scale criminal activity.

Bitcoin appears to be in a resting phase after reaching record highs. Price movement between $118,000 and $119,000 suggests that investors are waiting for new developments before making large trades.

Ethereum remains in a stronger position due to steady institutional interest. With support near $3,700, Ethereum may soon test higher levels if buying activity continues.

Altcoins are facing more pressure. Solana, Dogecoin, and PEPE are all down today, reflecting nervousness in the market. These assets are more sensitive to social trends and investor mood, making them more volatile in uncertain times.

Meme coins in particular are struggling to hold value. Their recent popularity has led to fast rises and sudden drops, which may continue unless a broader market rally brings stability.

Today’s crypto prices reflect a market in a pause after recent big moves. Bitcoin and Ethereum remain strong leaders, especially with growing support from big investors. At the same time, altcoins and meme tokens are struggling under the weight of investor uncertainty.

The rise in scams and fraud is a serious concern and highlights the need for stronger rules and investor protection. Government policy is shifting, especially in the United States, where moves toward crypto support are becoming more clear.

Overall, the crypto market remains full of opportunity, but also risk. As prices continue to move, watching key news, regulations, and trading trends will be important for understanding where the market is heading next.