Bitcoin News Today: Bitcoin near $119,000 as Ethereum and XRP surge 2.6% and 8.1% weekly

Bitcoin approached $119,000 on Sunday, marking a 0.6% gain in the previous 24 hours, while Ethereum and XRP outperformed the market with stronger weekly momentum. The leading cryptocurrency saw limited movement, rising 0.2% over seven days, with a trading volume of $32.6 billion and a market capitalization of $2.36 trillion. Meanwhile, Ethereum surged 2.8% in the past day to $3,886.57 and 2.6% weekly, driven by renewed investor inflows. XRP also posted robust gains, climbing 2.1% daily and 8.1% weekly to $3.27, positioning itself as one of the top performers among major assets [1].

The broader altcoin market showed resilience, with BNB and Solana contributing to the positive trend. BNB gained 6.6% in 24 hours, reaching $848.39, and 10.9% weekly, supported by $2.5 billion in daily volume. Solana rose 3.0% to $192.29, while Dogecoin (DOGE) climbed 10.5% week-on-week to $0.2431. Cardano (ADA) added 5.2% weekly to $0.8379, reflecting sustained community engagement [1].

Small-cap tokens dominated the intraday rally, with Vine (VINE) surging 111.8% to $0.1477 in 24 hours amid $658 million in trading volume. TROLL and Uranus (URANUS) followed closely, rising 50.8% and 45.2%, respectively. Assemble AI (ASM), Block (BLOCK), and Verasity (VRA) also reported gains exceeding 40%, highlighting speculative enthusiasm for niche projects [1].

Analysts observed that Bitcoin’s consolidation near $119,000 reflected ongoing uncertainty about its next move. Ted Pillows of PANews noted that breaking above $119,500 could trigger a new rally, while failure to surpass $120,000 might prolong sideways trading [4]. Recent volatility, including a temporary pullback below $119,000 after Galaxy’s $9 billion sell-off, underscored the asset’s sensitivity to institutional activity [6]. Conversely, the U.S.-EU trade agreement announced on July 23 provided a short-term boost, pushing Bitcoin above $119,430 as fears of 30% tariffs receded [7].

Ethereum’s performance aligned with broader market optimism, with validators reporting a nine-day waiting period for exits, indicating growing network confidence [2]. XRP’s rebound followed weeks of regulatory uncertainty, though its long-term trajectory remains tied to global compliance developments.

The market’s cautious tone was evident in Bitcoin’s behavior. After a mid-June slump triggered by a $9 billion liquidation event, the asset regained support near $115,000 by mid-July [3]. However, traders remain divided on its sustainability. While some anticipate a break above $120,000 to unlock bullish momentum, others caution that macroeconomic factors—such as the mixed impact of the U.S.-Japan trade deal—could delay a decisive move [2].

Small-cap tokens, while volatile, demonstrated the market’s appetite for speculative gains. Vine’s 111.8% surge, for example, was fueled by sharp investor interest, though such returns often carry higher risk.

The interplay between Bitcoin and macroeconomic events highlighted the cryptocurrency market’s maturing relationship with global policy. The U.S.-EU trade agreement’s immediate impact on Bitcoin illustrated how geopolitical developments increasingly shape crypto prices. Yet, concentrated liquidity risks, such as Galaxy’s large sell-off, revealed lingering vulnerabilities in institutional positioning.

As the market approaches critical junctures, technical indicators and institutional actions will likely dictate short-term outcomes. Bitcoin’s ability to stabilize above $119,500 and break through $120,000 could validate a broader uptrend, while Ethereum and XRP’s weekly gains reinforced a cautiously optimistic narrative. However, both remain dependent on Bitcoin’s performance and macroeconomic clarity.

Sources:

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

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

[3] Bitcoin Short Squeeze Incoming As Market Makers Set..., [https://www.mitrade.com/au/insights/news/live-news/article-3-990956-20250728](https://www.mitrade.com/au/insights/news/live-news/article-3-990956-20250728)

[4] Top 3 Price Prediction: Bitcoin, Ethereum, Ripple –BTC..., [https://www.fxstreet.com/cryptocurrencies/news/top-3-price-prediction-bitcoin-ethereum-ripple-btc-stuck-in-range-eth-eyes-4-000-while-xrp-rebounds-202507280358](https://www.fxstreet.com/cryptocurrencies/news/top-3-price-prediction-bitcoin-ethereum-ripple-btc-stuck-in-range-eth-eyes-4-000-while-xrp-rebounds-202507280358)

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

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