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This upward movement is supported by investor confidence, favorable regulation news, and more

The cryptocurrency market on July 18, 2025, shows strong positive momentum. Bitcoin is trading around $119,971, inching close to the crucial $120,000 mark. Ethereum is also doing well, trading near $3,587. This upward movement is supported by investor confidence, favorable regulatory news, and continued institutional interest.

Bitcoin (BTC)

Price: $119,971

Day’s High: $120,691

Day’s Low: $117,715

Bitcoin is showing strong technical signals. It is currently testing the $120,000 resistance level. If it crosses and holds above this level, the next target could be $126,500. However, if it fails to hold and drops below the $112,400 mark, the trend may turn negative.

Ethereum (ETH)

Price: $3,587

Day’s High: $3,615

Day’s Low: $3,335

Ethereum is trading within a rising pattern. Resistance is near $3,615. If it crosses this level, it could move toward $3,800 and then $4,000. If it falls below support at $3,175 or $2,805, it could signal a short-term downtrend.

XRP

Trading above $3.60

XRP has shown strong momentum, rising sharply and approaching its all-time highs. Analysts believe it may soon reach $4.50, especially as a new futures ETF for XRP nears launch.

Sui (SUI)

SUI is up over 40% this month and 374% compared to the same time last year. The market sentiment around SUI is very optimistic, with strong buying interest.

Solana (SOL)

SOL remains one of the top-performing altcoins and is gaining traction among traders.

Floki (FLOKI) and Curve DAO (CRV)

Both coins are experiencing strong 24-hour rallies. Floki is up over 35%, and CRV has gained nearly 25%.

Overall Market Performance

The total value of all cryptocurrencies combined has now crossed $4 trillion. Almost all major coins are trading in the green, and market sentiment is optimistic. The Fear & Greed Index, which measures investor emotion, is in the "greed" zone, indicating confidence but also warning of potential overbought conditions.

Recent Laws Driving Market Confidence

GENIUS Act Passed

The US House of Representatives has passed the GENIUS Act. This new law sets clear rules for stablecoin payments. It requires issuers to fully back their stablecoins with reserves, follow anti-money laundering rules, and undergo regular audits. The bill was already passed by the Senate and now goes to the President for signing.

Other Crypto Bills

Along with the GENIUS Act, two more important bills have passed:

The Anti-CBDC Surveillance State Act prevents the US Federal Reserve from issuing a government-backed digital currency.

The Digital Asset Market Clarity Act divides oversight between the SEC and the CFTC, reducing confusion for crypto businesses and investors.

These laws aim to give the crypto industry more certainty, which is boosting investor confidence.

Presidential Support

The current US President has expressed strong support for crypto. Earlier this year, executive orders were issued to ban any central bank digital currency, support Bitcoin adoption, and create a Strategic Bitcoin Reserve. This reserve uses forfeited Bitcoins (about 200,000 BTC) to support national interests.

Also, many of the President’s top advisors and appointees reportedly hold significant amounts of cryptocurrency, further strengthening the administration's pro-crypto stance.

Wall Street’s Growing Interest

Big financial firms are now moving beyond Bitcoin and showing increased interest in Ethereum. Ethereum is being used for staking, treasury strategies, and even bank-related products. Many institutions are repeating their earlier approach with Bitcoin but now applying it to Ethereum.

Stablecoins Gaining Importance

Stablecoins are getting attention as serious tools for modernizing payments. Analysts at major banks believe stablecoins could help companies like Visa, Mastercard, PayPal, Shopify, and traditional banks. The new regulations from the GENIUS Act give businesses the green light to build new services using these digital dollars.

Crypto and the Environment

Some environmental advocates are calling for new taxes on crypto mining. They argue that crypto uses a lot of energy and suggest taxing energy-hungry technologies to raise money for climate programs. This is still just a proposal, but it adds to the ongoing debate around crypto and sustainability.

What’s Driving Crypto Prices Right Now

Clearer Regulations: With new US laws, crypto companies and investors feel more secure. Clear rules remove a lot of uncertainty that held the market back.

Strong Technical Patterns: Charts for Bitcoin and Ethereum show bullish signals. As long as key levels hold, the rally could continue.

Altcoin Activity: Many investors are now looking beyond Bitcoin and Ethereum. Coins like XRP, SUI, and Solana are gaining popularity and delivering strong returns.

Institutional Adoption: Big banks and investment firms are becoming more active in crypto, especially Ethereum and stablecoins.

Positive Sentiment: Investor mood is very positive. The Fear & Greed Index is high, but such high levels often precede corrections or short-term pullbacks.

What to Watch For

Possible Corrections: Overbought signals suggest that prices could pull back briefly before rising again.

Stablecoin Rules Enforcement: The new regulations may take time to be fully enforced. How companies adapt could affect the market.

Global Events: Changes in global politics, energy prices, or interest rates could influence crypto prices.

Future of CBDCs: Although the US is rejecting a national digital currency, other countries may move forward. This could reshape global finance and impact crypto adoption.

Final Thoughts

The cryptocurrency market is experiencing a strong rally as of July 18, 2025. Bitcoin and Ethereum continue to rise, backed by technical strength and major policy developments in the US The passage of the GENIUS Act and related laws has created a positive regulatory environment. This, combined with growing interest from Wall Street and investors shifting toward altcoins and stablecoins, has added fuel to the rally.

The crypto space appears to be in a new phase of growth, with momentum coming from both market trends and supportive legislation. However, price corrections are possible, and global events may bring surprises. For now, crypto remains on an upward path, with Bitcoin near $120,000 and Ethereum targeting new highs above $3,600.