[LIVE] Crypto News Today: Latest Updates for July 24, 2025
As of July 24, 2025, the cryptocurrency market continues to see notable developments with Ethereum overtaking Bitcoin in spot trading volume for the first time in over a year. Market participants are closely watching the evolving dynamics as altcoins gain traction amid continued interest from large investors.
Market Snapshot – Key Cryptocurrency Prices
- Bitcoin (BTC): $117,349.03, up 0.23%
- Ethereum (ETH): $3,715.96, up 1.25%
- Solana (SOL): $185.40, up 2.13%
- Pepe (PEPE): $0.000012, up 4.12%
- Shiba Inu (SHIB): $0.000014, up 4.28%
- Dogecoin (DOGE): $0.23, up 2.79%
- Ripple (XRP): $3.13, up 0.61%
- Ethereum Gas Fee: 0.20 gwei
Ethereum Surpasses Bitcoin in Spot Trading Volume
In a significant shift in the crypto trading landscape, Ethereum has overtaken Bitcoin in spot trading volume, signaling changing investor sentiment. Data from CryptoQuant reveals that Ethereum recorded $25.7 billion in spot volume last week, surpassing Bitcoin’s $24.4 billion. This marks the first time since June 2024 that the ETH/BTC volume ratio has broken above 1. This trend reflects increasing rotation of funds from Bitcoin into Ethereum and various altcoins, highlighting Ethereum’s growing appeal. Notably, data from Lookonchain shows that seven newly created wallets have collectively accumulated a substantial 466,253 ETH, equivalent to approximately $1.7 billion. Remarkably, 40,591 ETH (around $148 million) was added just today alone, underscoring strong whale activity supporting Ethereum’s price momentum.
Market Insights and Altcoin Momentum
The increased interest in altcoins is further illustrated by price gains in tokens such as Pepe (+4.12%), Shiba Inu (+4.28%), and Dogecoin (+2.79%), while Solana has also appreciated by 2.13%. XRP continues to maintain a stable upward trajectory, gaining 0.61% to trade at $3.13. Ethereum’s relative strength is supported by lower gas fees, currently at 0.20 gwei, which enhances network usability and reduces transaction costs—key factors in attracting traders and decentralized application users.
Industry Updates and Upcoming Events
The crypto sector is abuzz with news beyond price movements. Discussions around regulatory outlooks are gaining prominence, with insights from key figures such as William Quigley, co-founder of Tether, who shares his views on crypto regulation potential during Trump’s second term.
Additionally, the U.S. government’s recent appointment of PayPal veteran David Sacks as the ‘White House AI and Crypto Czar’ signals growing official interest in integrating crypto and AI technologies within policy frameworks.
Upcoming token listings on major exchanges like Coinbase and Binance, coupled with a wave of promising new crypto presales, keep the market vibrant and full of opportunity for investors exploring fresh projects.
Analyst and Community Takeaways
Experts and community members continue to analyze market trends and price predictions. XRP, for example, has garnered attention after surpassing McDonald’s in market capitalization, with debates ongoing about its potential to reach unprecedented price levels.
Meanwhile, AI-driven forecasts project interesting price dynamics for XRP, Pi Coin, and Dogecoin by year-end, suggesting that the market could see substantial volatility and opportunity.
About Cryptonews and Coverage
Cryptonews has been a trusted source of cryptocurrency industry news since 2017, dedicated to providing accurate, balanced, and detailed insights from market analysis to technology developments across blockchain projects. Our diverse international team strives to keep readers informed with up-to-the-minute coverage and in-depth reporting on all things crypto.
Please note: Cryptocurrency trading carries significant risk. This article is for informational purposes only and does not constitute investment advice.
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Author: Jai Pratap
Asia Desk Editor, Cryptonews.com
Jai leads a global team covering the evolving web3 landscape with over five years of industry experience.
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