News View Non-AMP

Why Crypto Is Going Up Today?

Published by
Shrishesh Tanksalkar and Qadir AK

The crypto market today has soared big, with the total market cap hitting $3.8 trillion, marking a 3.25% daily gain. The rally was fueled by institutional accumulation, Bitcoin’s breakout to new all-time highs, and optimism around U.S. crypto regulation

That’s not all, major buys from enterprises like SharpLink and Metaplanet, combined with hype around “Crypto Week” and emerging support from the White House, are driving bullish momentum. As BTC dominance climbs to 63.6% and the Fear & Greed Index stays in “Greed” at 70, market sentiment is decisively optimistic.

What Happened in Crypto Market Today?

  • The crypto industry’s market cap rose by over $119 billion, hitting $3.8 trillion.
  • The intraday trading volume surged by 29.10%, reaching $150.62 billion, signaling strong participation.
  • Bitcoin price smashed through the psychological $122,000 resistance level, triggering $285 million in short liquidations.
  • Ethereum followed suit with increased activity, supported by a $48 million ETH buy from SharpLink.

Key Events Driving the Surge:

Institutional Inflows: SharpLink and Metaplanet collectively invested over $140 million into ETH and BTC, respectively, evidence of growing institutional faith in crypto assets.

Bitcoin Breaks ATH: The breakout above $122k marks a new all-time high for BTC, further catalyzing aggressive liquidations and FOMO buying.

U.S. Regulatory Optimism: The market is energized by discussions of U.S. stablecoin legislation potentially passing this week. Additionally, speculation around White House-backed Crypto Reserves has sparked bullish narratives.

Macro Correlation: With gold prices rising and tech stocks stabilizing, Bitcoin is again showing signs of being treated as a hedge asset.

Why This Matters

  • Bitcoin is leading the rally, but altcoins remain subdued, with the Altcoin Season Index sitting at 34/100. This shows that capital is still concentrated in major assets.
  • The return of institutional FOMO indicates growing mainstream adoption. Retail investors often follow big money, and that’s exactly what’s happening now.
  • Global interest is surging, as Bitcoin climbed the global asset ladder, flipping Amazon to become the 5th largest asset by market cap.

Expert Reactions

“Bitcoin flipping Amazon is historic. Apple is next. The era of crypto as a fringe asset is over.”Lark Davis noted on social media.

“This is the Bitcoin Supercycle. We’re entering stage 8: vertical expansion, nation-state buying, and institutional FOMO. Most won’t realize it… until it’s too late.”Merlijn, a crypto macro analyst, emphasized

What Should Be Your Next Steps?

  • If you’re invested in BTC or ETH, this rally could mark the beginning of a stronger bull wave. You should consider restructuring your portfolio if needed.
  • Watch for regulatory developments this week, especially related to stablecoins.
  • Altcoins may lag for now, but if Bitcoin consolidates, capital rotation into smaller tokens could follow.

FAQs

Is the crypto market going up today only because of Bitcoin?

No, BTC is leading, but ETH, institutional buys, and macro narratives are also fueling the rally.

Will altcoins pump next?

Although the altcoin season index is low now, but could rise if BTC stabilizes, thereby opening doors of fortune for altcoins.

Is it too late to buy crypto?

Not necessarily. If this is indeed the start of a supercycle, long-term positions may still yield significant upside.

Why is Bitcoin price up today?

Bitcoin’s price surge today was fueled by regulatory optimism, ETF inflows, and a technical breakout.

Shrishesh Tanksalkar and Qadir AK

Shrishesh is a versatile writer with 2+ years of experience in cryptocurrencies. An engineer turned storyteller, this selective introvert is a wannabe biker on weekends.

Recent Posts

XRP News Today: Ripple Advert With Gemini Exchange & Mastercard Goes Viral As New PayFi Altcoin Surges

XRP News today reports Ripple's new viral ad with Gemini Exchange and Mastercard, which has…

August 25, 2025

Solana, Pi Coin Or Remittix? Which Is The Best Crypto To Buy Now In August

Following Jerome Powell’s address at the Jackson Hole Symposium on August 22nd, which hinted at…

August 24, 2025

Top Meme Coin To Buy Right Now To Be A Crypto Millionaire in 2025 – It’s Not Dogecoin or Shiba Inu

Meme coins are known for their meteoric price booms and have fetched many people immense…

August 24, 2025

Hype Alone Isn’t Enough: Why YZY and MELANIA Won’t 1000x (But ICOs Like XYZ Still Could)

When Kanye West’s YZY token was listed, people expected fireworks. And they got them —…

August 24, 2025

As XRP, Dogecoin, and Cardano Struggle, Ozak AI Emerges as the Next Top Coin to Watch

In 2025, long-established cryptocurrencies, such as XRP, Dogecoin, and Cardano, find it difficult to keep…

August 24, 2025

While Solana (SOL) Price Slowly Climbing to $200, This New Memecoin Hidden Gem Can Bring Real Gains in September

Solana’s value is edging higher, drawing attention as it moves closer to a new mark.…

August 23, 2025