Bitcoin News Today: Bitcoin Gains 0.6% as Ethereum and XRP Outperform; Small-Cap Tokens Surge Over 40%

Bitcoin approached $119,000 on Sunday, trading at $118,976 after a 0.6% gain in the past 24 hours. Despite limited weekly momentum—up 0.2% over seven days—the cryptocurrency’s market capitalization remained robust at $2.36 trillion, supported by $32.6 billion in daily trading volume. The price action reflected cautious optimism as traders navigated a consolidation phase near key resistance levels. Ethereum and XRP, meanwhile, outperformed Bitcoin, with Ethereum rising 2.8% in 24 hours to $3,886.57 and 2.6% weekly, while XRP surged 2.1% daily to $3.27 and 8.1% weekly. Both tokens benefited from increased investor inflows and speculative trading activity [1].

Small-cap tokens dominated intraday gains, with Vine (VINE) surging 111.8% to $0.1477 and TROLL rising 50.8% to $0.03709. Uranus (URANUS) and Assemble AI (ASM) also recorded sharp rallies of 45.2% and over 40%, respectively. These moves underscored the market’s appetite for high-risk, high-reward assets, as smaller tokens offered outsized returns in short periods. Verasity (VRA) and XION (XION) each gained over 40%, while Block (BLOCK) closed at $0.1855 after a 40% rise. The performance highlighted the fragmented nature of crypto markets, where volatility in smaller-cap assets often diverges from broader trends [2].

Ethereum’s resilience was bolstered by sustained trading volume of $26.5 billion and a market cap of $470.6 billion, despite technical challenges like validator exits. XRP’s weekly rebound was attributed to speculative positioning, though its long-term trajectory remained tied to macroeconomic conditions. BNB and Solana also posted gains, with BNB rising 6.6% to $848.39 and Solana up 3.0% to $192.29. DOGE and Cardano followed suit, with DOGE surging 10.5% weekly to $0.2431 and Cardano hitting $0.8379 after a 5.2% weekly rise [3].

Market sentiment remained cautiously bullish, driven by the outperformance of altcoins and small-cap tokens. While Bitcoin’s consolidation near $119,000 indicated a lack of clear directional bias, the broader ecosystem showed resilience. Analysts noted that Bitcoin’s ability to stabilize above $119,500 could unlock further gains, though prolonged rangebound trading risked renewed volatility if external pressures resurfaced. Institutional activity and regulatory developments, such as the U.S.-EU trade agreement, had previously provided tailwinds, but their impact now appeared muted amid a neutral macroeconomic backdrop [4].

The crypto market’s focus on short-term momentum and speculative bets highlighted the sector’s evolving dynamics. As investors balanced risk between leading assets and smaller tokens, the interplay between Bitcoin’s stagnation and altcoin strength defined the week’s narrative. With no major bearish catalysts emerging, the market maintained a neutral-to-bullish bias, though caution persisted among traders monitoring key price levels for potential breakouts [5].

Source:

[1] [Bitcoin Edges Higher to Near $119,000 as Ethereum and XRP Record Weekly Gains](https://coinmarketcap.com/community/articles/68872ba13c1f324d51532dbf/)

[2] [Bitcoin drops below $119000 after Galaxy's $9B sale 0.63 ...](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-drops-119-000-galaxy-9b-sale-0-63-24-hour-decline-2507/)

[3] [Bitcoin rises after US-EU announce framework trade ...](https://coinjournal.net/news/market-update-bitcoin-rises-after-us-eu-announce-framework-trade-agreement/)

[4] [HashKey Trading Time: Ethereum may break through the 4 ...](https://www.panewslab.com/en/articles/4qgncpjs)

[5] [Prediction: 2 of Crypto's Biggest Winners -- XRP and Bitcoin](https://www.mitrade.com/au/insights/news/live-news/article-8-991007-20250728)