The cryptocurrency market experienced mixed movements on July 23 and 24, 2025, with Bitcoin (BTC), XRP, and Ethereum (ETH) dominating option flows and showing signs of volatility. XRP briefly broke a key resistance level, reaching $3.66 before retreating to a critical support level at $3.20, amid optimism fueled by ETF support and bullish technical indicators. Ethereum's price held above $3,470, suggesting potential bullish momentum despite warnings from analysts about a possible short-term pullback. Bitcoin dominance rose above 60%, leading to declines in many altcoins, including Solana (SOL), XRP, and TON, raising questions about whether the altcoin season is coming to an end. Notably, Galaxy Digital (GLXY) outperformed other cryptocurrencies since April 7, 2025, with a 257% increase, followed by Robinhood (HOOD) up 181%, Coinbase (COIN) up 149%, Ethereum up 134%, Solana up 81%, MicroStrategy (MSTR) up 53%, and Bitcoin up 51%. The market showed a risk-on tilt with fresh activity in altcoins such as ApeCoin (APE) and AEVO, though overall altcoin performance has been under pressure due to Bitcoin's resurgence.
Altcoin Options Daily Recap by PowerTrade (23 Jul 2025) 1️⃣ Overview Yesterday’s option flow was dominated by the big three — $BTC, $XRP & $ETH — with a clear risk-on tilt. Fresh alt activity in #APE & #AEVO also spiced things up. https://t.co/bd600673pb
CRYPTOQUANT ANALYST WARNS LATEST $ETH RALLY COULD SEE SHORT-TERM PULLBACK, REMAINS MINOR IN BROADER CONTEXT
Bitcoin and XRP Pull Back, But Bulls Have Reason for Optimism: Analysis ► https://t.co/cNvLZbA2Ld https://t.co/cNvLZbA2Ld