The cryptography market experienced a mixed performance on July 29, while Bitcoin (BTC) and other major assets were faced with a wider sales pressure on the market. Bitcoin exchanged about $ 118,933, having plunged to a session hollow of $ 117,527 before rebounding. Despite the recovery, the BTC was down 0.60% for the session, negotiating in a range of $ 116,000 to $ 120,000 which persisted for weeks (1). Analysts noted that BTC resilience greater than $ 115,000 suggests upward momentum, some predicting a potential break greater than $ 120,000. Tom Lee de Fundstrat highlighted a long-term forecast of the BTC reaching $ 250,000 by 2025, citing its undervaluation compared to the gold market (1). However, short -term liquidity clusters close to $ 120,500 and the institutional purchase activity after the DIMs were highlighted as key engines for short -term prices (1).
Ethereum (ETH) was faced with a higher drop pressure, lowering by almost 3% to $ 3,816 after reaching a maximum of $ 3,938. The asset has shown a structural force, supported by $ 71 billion in open interests and 16 consecutive days of the ETF Spot Entries totaling $ 5 billion (1). Institutional buyers, including Sharplink, accelerated ETH purchases, COO Shashank Sripada noting that the asset lacks immediate catalysts beyond ETF flows (1). The resumption of ETH at $ 3,874 during the current session indicated a renewal of the buyer’s interest, although a retest of $ 4,000 remains unanswered (1).
Solana (soil) saw significant volatility, going to $ 205 Tuesday before retiring to $ 183. The intraday movements of the assets highlighted high demand at lower levels, with an exchange of $ 184 in the current session. Weekly trends showed a net correction at $ 175 on Friday, followed by a partial rebound at $ 186 on weekends (1). Analysts have attributed resilience to long -term holders displacing assets in the storage of cold, a bullish sign for a sustained accumulation (1).
Bittensor (TAO) oscillated between $ 403 and $ 452, with a gain of 1.61% in the current session, buyers, buyers sought to maintain the price of more than $ 400. The assets faced clear decreases on Wednesday and Friday, lowering 6% and 2.5% respectively, but recovered modestly during the weekend. The recent performance of TAO reflected a mixed institutional activity, the sellers retaining control during key resistance tests (1).
Ripple (XRP) decreased by almost 5% to $ 3.12, recovering slightly against a session hollow of $ 2.95. The assets experienced a wider market sale, lowering 19% last week, although analysts described correction as “healthy” for long -term stability (1). Recent fluctuations in XRP are aligned with larger market trends, traders monitoring key support levels around $ 3.10 to assess the additional direction (1).
The broader context of the market included the expansion by Paypal of “Pay with crypto” to traders, supporting more than 100 cryptocurrencies and aimed at reducing cross-border transaction costs up to 90% (1). Meanwhile, the SEC has extended the Revue du FNB Truth Social Bitcoin in September, without any official objection raised so far (1).
(1) Source: cryptodaily.co.uk, crypto price analysis 7-29: bitcoin, ethereum, solana, bittensor, ripple (
