Bitcoin News Today: Bitcoin and Altcoins Surge Amid Growing Institutional Crypto Adoption

The cryptocurrency market experienced heightened volatility in late July and early August 2025, with key assets such as XRP, Bitcoin (BTC), and Ether (ETH) showing significant price movements and technical signals of potential turning points. XRP, for instance, recorded an 11% weekly gain, breaking through previous resistance levels but still facing strong selling pressure at the $3.65 ‘tweezer top’ formation. Analysts from Alphractal Research highlighted that XRP’s Net Unrealized Profit/Loss (NUPL) metric had reached a level not seen since the 2021 bull market, suggesting that a distribution phase and possible correction might follow [1].

Bitcoin, while maintaining an overall uptrend, entered a consolidation phase, rebounding from its 50-day simple moving average. A break above the descending channel could confirm the continuation of the bullish trend, potentially pushing the price toward record highs. However, a decline below $111,965 could trigger increased selling pressure. The key resistance levels for Bitcoin were identified at $120,000, $122,056, and $123,181, while support was seen at $111,965, $104,562, and $100,000 [1].

Ether demonstrated a robust uptrend, breaking out of a symmetrical triangle that had persisted since late 2021. Surpassing $4,200, ETH signaled a potential path toward new record highs, with analysts noting that the price could test levels above $4,800 in the near future. Key resistance levels for Ether were positioned at $4,400, $4,875, and $5,000, while support levels were seen at $4,000, $3,941, and $3,737 [1].

Market capitalization for the broader crypto space grew by 13.3% in July 2025, driven largely by Bitcoin’s performance and strong institutional demand. Altcoins captured 39.2% of the total market share, reducing Bitcoin’s dominance to 60.6%. Ethereum saw a 50% price increase and a 127.7% rise in institutional holdings, reaching over 2.7 million ETH tokens [1]. This was attributed to the implementation of blockchain-based treasury strategies and the passage of the GENIUS Act, which brought regulatory clarity to stablecoin reserves and compliance [1].

Stablecoins also played a pivotal role, with on-chain activity nearing record levels and surpassing traditional payment networks like Visa. In response, Visa announced plans to enhance its digital asset infrastructure, signaling growing institutional acceptance of cryptocurrencies [1]. Tokenized stocks further expanded the ecosystem, reaching a combined value of $370 million in July, driven largely by Tesla shares and S&P 500 ETF tokens [1].

In early August, the market experienced a 2.01% jump, with altcoins leading the charge. The total market cap reached $3.97 trillion, with Ethereum’s market share rising from 9.7% to 12.9% over 31 days. Analysts remain cautious but optimistic, noting that Bitcoin’s next halving event could drive another bullish trend, as historically observed [5]. However, the market remains sensitive to macroeconomic shifts and regulatory developments, leading to mixed movements and investor uncertainty [6].

Source:

[1] title: Cryptocurrency Market Capitalization Grows 13.3% ...,

url: https://yellow.com/news/cryptocurrency-market-capitalization-grows-133-following-bitcoin-surge-binance-report

[2] title: Bitcoin News Today: Altcoins Outperform Bitcoin for 31 ...,

url: https://www.ainvest.com/news/bitcoin-news-today-altcoins-outperform-bitcoin-31-days-market-dominance-falls-60-2508/

[3] title: Crypto Market Records Notable Jump Amid Altcoin ...,

url: https://blockchainreporter.net/crypto-market-records-notable-jump-amid-altcoin-dominance/

[4] title: Bitcoin And Ethereum Surge Amid The Bulls' Comeback,

url: https://talkmarkets.com/content/financial/bitcoin-and-ethereum-surge-amid-the-bulls-comeback?post=514487

[5] title: Bitcoin Price Soars: Analysts Predict 2025 Surge on 10 ...,

url: https://www.millionminer.com/news/2025/08/bitcoin-price-soars-analysts-predict-2025-surge-on-10-aug-25/?srsltid=AfmBOor1sML1RiWNZMwAkTojtMb_BjZt_TdIRQ_yw_k0_pu1UhKOBPqf

[6] title: Crypto Market Sees Mixed Movements as a Key Stock ...,

url: https://www.radom.com/insights/crypto-market-sees-mixed-movements-as-a-key-stock-rebounds-and-china-explores-stablecoin-implementations