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- Anjali Belgaumkar
Anjali Belgaumkar
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
- Reviewed by:
Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Aug 08, 2025 06:55 UTC
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Why is the Crypto Market Going Up Today? XRP Price Rises 10%, BTC and ETH Follow
The crypto market is seeing strong upward movement today, with prices climbing across major coins. In the past 24 hours, the total market capitalization has grown to around $3.87 trillion, rising by 3.04 percent. Ethereum is also making headlines, jumping nearly 6 percent in one day. It’s now trading at $3,909 with a market cap of $472 billion. Experts are now looking for a possible break above $4,000, which could lead to a push toward $4,400 or higher.
Key Reasons Behind Why Crypto Is Going Up Today?
Ripple’s Strategic Moves Boost XRP
Ripple is making waves with two major developments. First, the company agreed to acquire stablecoin platform Rail for $200 million, strengthening its position in the stablecoin market and payment infrastructure.
Second, Ripple and the SEC have settled their long-standing legal battle, dropping all remaining appeals in the XRP case. These catalysts have driven XRP up over 10% to $3.31 in 24 hours. Analysts suggest that new partnerships and clearer regulations could push XRP toward further gains, potentially targeting $4.00.
U.S. Policy Boost from Trump
Trump signs executive order opening 401(k) retirement market to crypto investments, potentially giving 90 million Americans direct access to digital assets. Another order prevents “de-banking” based on religious or political beliefs, improving financial access.
Institutional and Corporate Moves
Institutional adoption is accelerating, with Nasdaq-listed Fundamental Global filing to raise up to $5 billion, primarily to build an Ethereum treasury. This move signals strong long-term confidence in Ethereum, which is eyeing a break above $4,000, potentially targeting $4,400.
Other altcoins are also rallying: Solana trades at $170, Dogecoin at $0.21, Cardano at $0.76, Sui at $3.72, and Chainlink at $17.62, up 7%.
Market Sentiment Turning Positive
Market sentiment is turning optimistic, with the Fear and Greed Index at 54, indicating neutral but improving confidence. The Altcoin Season Index has risen to 36, reflecting growing trader interest in altcoins beyond Bitcoin. A clean break above $120,000 for Bitcoin could trigger fresh buying interest, further amplifying the rally across the market.
What’s Next for the Crypto Market?
With regulatory clarity from Ripple’s SEC resolution, pro-crypto U.S. policies, and institutional backing, the market’s momentum could persist. Ethereum’s potential break above $4,000 and Bitcoin’s push toward $120,000 are key levels to watch.
However, investors should remain cautious of volatility. If these trends continue, the crypto market could experience sustained growth in the near term.
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FAQs
The crypto market is rising due to Ripple’s SEC settlement, Trump’s pro-crypto policies, and institutional demand—Ethereum eyes $4K, Bitcoin targets $120K.
Trump’s executive order allows 401(k) crypto investments, expanding access to 90M Americans and preventing political “de-banking,” lifting market sentiment.
Altcoin Season Index rises to 36 as Solana, Cardano, and DOGE surge 5-7%, signaling growing trader interest beyond Bitcoin’s rally.
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