Bitcoin News Today: Bitcoin and major altcoins fall 3%-4.5% amid crypto market correction as memecoins surge 41.5%

Generated by AI AgentCoin World
Friday, Jul 25, 2025 5:29 am ET1min read
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Aime RobotAime Summary

- Bitcoin fell 3% below $120,000 to $115,204, with major altcoins like Solana and Dogecoin dropping 4.5%-2.8% amid broader crypto market corrections.

- Smaller altcoins and memecoins surged sharply (e.g., TIG +46.5%, PEP +46.9%), reflecting speculative interest despite overall market caution.

- Analysts warn $116,000 is a critical support level for Bitcoin, with on-chain data showing rising institutional activity and liquidity concerns.

- Market remains in transitional phase with elevated volatility, as traders await macroeconomic clarity and ETF-driven optimism faces profit-taking pressure.

Bitcoin (BTC) dipped below its daily high on July 24, marking a 3% decline to $115,204 after failing to reclaim the $120,000 threshold, a level previously seen as critical for maintaining bullish momentum [2]. The selloff extended to major altcoins, with

Solana
(SOL) falling 4.5% to $177.38,
Dogecoin
(DOGE) dropping 2.8% to $0.2283, and Cardano (ADA) sliding 1.2% to $0.7913.
XRP
and
BNB
also recorded minor losses, though their market caps remained above $182 billion and $106.3 billion, respectively. Despite the pullback, Bitcoin’s trading volume remained robust at $73.3 billion, and its market capitalization held above $2.29 trillion [1].

The decline coincided with a broader correction in the crypto market, as on-chain data indicated rising exchange deposits and increased institutional activity, signaling potential liquidity concerns [4]. Analysts at Mitrade noted that a sustained break below $116,000 could trigger further downward pressure, potentially testing the 50-day exponential moving average—a key technical indicator. Meanwhile,

Ethereum
(ETH) also slipped below $3,700, reflecting a risk-off sentiment across major assets [3].

However, the market shift was not entirely bearish. Smaller altcoins and memecoins surged sharply amid the larger tokens’ decline. The Innovation Game (TIG) jumped 46.5% to $1.91, Pepecoin (PEP) spiked 46.9% to $0.0004199, and Vine (VINE) gained 41.5% with over $326 million in volume. These gains highlighted renewed trader interest in high-volatility assets, even as the broader market faced minor corrections. Memecoins like just memecoin (MEMECOIN) and BLOCKv (VEE) also saw double-digit increases, suggesting speculative activity remained strong in niche segments.

The mixed performance underscored the fragility of recent gains. Despite record-breaking trading volumes and optimism tied to ETFs, short-term indicators pointed to profit-taking and caution. Mitrade’s analysis emphasized that the $116,000 level could act as a filter for market participants, distinguishing between transient price noise and meaningful directional moves [2]. While Bitcoin’s all-time high of $123,218 remained intact, traders remained cautious about a deeper retracement unless the asset reclaims the $120,000 benchmark.

The altcoin segment continued to face contagion risks, with Ethereum’s decline reflecting broader risk-off sentiment. Elevated short-term volatility and the absence of major institutional inflows indicated the market was in a transitional phase. As traders awaited clarity on macroeconomic signals, on-chain metrics and exchange activity would likely serve as key indicators for potential stabilization.

Sources:

[1] [Bitcoin Price Forecast: BTC slides below $118500 as ETFs ...] [https://www.mitrade.com/insights/news/live-news/article-3-983808-20250724]

[2] [Bitcoin Price Forecast: BTC rejected from $120,000 as ...] [https://www.mitrade.com/insights/news/live-news/article-3-980586-20250723]

[3] [EUR/JPY holds above 172.00 after the US-Japan deal] [https://www.fxstreet.com/news/eur-jpy-holds-above-17200-after-the-us-japan-deal-pm-ishibas-resignation-202507230733]

[4] [One site. All news. kripto.NEWS] [https://kripto.news/].