Live Crypto News Today: Market Update for July 24, 2025
As of July 24, 2025, the cryptocurrency market presents a dynamic landscape marked by notable shifts in trading volumes and price movements across major digital assets. Notably, Ethereum has surpassed Bitcoin in spot trading volume for the first time in over a year, signaling a significant change in investor interest and market activity.
Key Cryptocurrency Prices and Movements
- Bitcoin (BTC): $118,380.48, up 0.72%
- Ethereum (ETH): $3,626.71, up 0.44%
- Solana (SOL): $185.33, down 2.07%
- Pepe (PEPE): $0.000012, down 3.76%
- Shiba Inu (SHIB): $0.000013, down 3.56%
- Dogecoin (DOGE): $0.23, down 2.97%
- XRP: $3.16, down 3.53%
- Ethereum Gas Fee: 0.67 gwei
Ethereum Overtakes Bitcoin in Spot Trading Volume
The week’s data reveals Ethereum’s rising prominence in market activity. According to CryptoQuant, Ethereum recorded a spot trading volume of $25.7 billion last week, surpassing Bitcoin’s $24.4 billion volume. This shift is underscored by the ETH/BTC volume ratio climbing above 1 for the first time since June 2024. This development indicates a rotation from Bitcoin into Ethereum and other altcoins, suggesting changing investor sentiment and potential opportunities within the broader crypto market.
Whale Activity and Accumulation on Ethereum
Lookonchain data highlights increased activity by large investors or "whales." Seven newly created wallets have collectively accumulated approximately 466,253 ETH, valued at about $1.7 billion. Notably, 40,591 ETH (approximately $148 million) was added just today, reflecting strong confidence in Ethereum among major holders.
Market Context and Broader Crypto Trends
Despite Ethereum’s uptick, several altcoins have experienced declines in price today:
- Solana (SOL), Pepe (PEPE), Shiba Inu (SHIB), Dogecoin (DOGE), and XRP have all seen percentage drops ranging from roughly 2% to nearly 4%.
Meanwhile, Ethereum gas prices remain relatively low at 0.67 gwei, facilitating affordable transaction costs on the network.
Additional Insights and Market Sentiment
- Market capitalization across the cryptocurrency sector stands at over $4 trillion.
- The ongoing rotation into altcoins and Ethereum demonstrates evolving strategies among traders positioning for potential gains beyond Bitcoin.
- Real-time analysis and updates can be followed for continued market developments.
About the Source
This report is provided by Jai Pratap, Asia Desk Editor at Cryptonews.com, a veteran journalist with over five years’ experience in covering the Web3 space. Cryptonews.com has been delivering comprehensive and factual cryptocurrency industry news since 2017, maintaining high editorial standards and providing balanced market insights.
Disclaimer
Cryptocurrency investment involves significant risks. The information provided herein is for informational purposes only and does not constitute financial advice. Investors should perform their own research and consult professionals before making investment decisions.
Stay tuned for live updates and in-depth analysis of the evolving crypto market throughout the day. For more real-time news and tools including price trackers, Ethereum gas trackers, and crypto tax calculators, visit Cryptonews.com.
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