Bitcoin Stands Firm at $118.5K Amid Bullish Crypto Market Momentum
Bitcoin demonstrated resilience, holding steady near the $118,500 mark, while Ethereum experienced a significant surge, up nearly 4% to trade above $3,800 before settling at $3,760. This surge was largely driven by an uptick in institutional adoption.
The broader altcoin market echoed this positive trend, with XRP, BNB, and Solana all posting gains exceeding 2%. Notably, XRP recently hit a new all-time high, a move propelled by the momentum generated from recent advancements in U.S. crypto legislation.
The buoyant market sentiment is a reflection of growing institutional confidence in cryptocurrency investments, coupled with regulatory clarity in key markets. This sustained high valuation is a testament to the maturing cryptocurrency market, where institutional adoption has emerged as a pivotal driver of price stability and growth.
Market analysts attribute the current bullish trend across major cryptocurrencies to improved regulatory frameworks and increased corporate interest.
Source: https://cryptonews.com/news/live-crypto-news-today-latest-updates-for-july-21-2025/