In the oft-tumultuous world of cryptocurrency, where fortunes are won and lost faster than an old man can tell a tall tale, Bitcoin, that elusive gold coin of the digital age, found itself in a bit of a pickle. One too many dips had drawn the swirl of despair across the market, as Thursday evening transformed into a theatrical nosedive, dragging the price down like an anchor dropped off an unsuspecting fishing boat.
But lo and behold! Just as the sun sank low, Bitcoin rallied! With the finesse of a valiant knight in slightly tarnished armor, it reclaimed a sturdy three grand, rising up from the depths like a stubborn old mule refusing to be left behind. Even the altcoins, those splendid rogues of the digital realm, decided to join in the revelry, as if they suddenly remembered the joy of growth, flashing green all about like Christmas lights in July.
BTC Reclaims $117K—Let the Jollification Begin!
What a wild ride it’s been! The king of cryptocurrencies, Bitcoin, managed to stray from the orderly procession it had maintained since the fateful July 14, when it strutted around flaunting over $123,000 like a peacock in full plumage. But markets are fickle, and our dear BTC found itself skidding sideways, stubbornly hovering around that $118,000 mark like an uninvited guest at a party refusing to leave.
Then came Thursday evening, when all bets were off and the bears—those brutish creatures—decided to take center stage. Galaxy Digital, that mercurial soul, began unloading portions of BTC, and in mere hours, our favorite cryptocurrency plummeted. Whoosh! From $119,000 it plunged to a soggy low of $114,500, a drop as swift as a cowpoke disappearing into the sunset.
But like a true survivor, Bitcoin picked itself up, dusted off its digital boots, and said, “Not today!” It roared back past $117,000, sending analysts into a frenzy of optimism, as they dream of the days ahead when they might just see fresh all-time highs racing toward the horizon.
Let it be known, if #Bitcoin sticks around above $116.8K—get your party hats ready, for new highs could be rumbling in next week.
— Michaël van de Poppe (@CryptoMichNL) July 26, 2025
Alts in Green—A Feast for Our Eyes!
Meanwhile, those poor altcoins, having suffered a bout of the blues at week’s end, appeared to have found their spirit again. Ethereum, the shifty soul, cleverly climbed back to hold $3,700 like it was the last slice of pizza at a party. XRP, ever the resilient one, fended off a drop below $3, now standing proud at $3.15.
And what’s this? Solana, that cheeky little thing, together with HYPE, XLM, LINK, and BCH, orchestrated spectacular gains, while SUI and HBAR laughed as they soared into the double digits like they owned the place. SUI even soared to a celebratory $4—why not throw a dance party?
To top it all off, the glittering stars of the top 100 alts included ENA (17%), SPX (14%), and SKY (13%), all basking in the warm afterglow of a $70 billion market cap boost since yesterday; the total cap now stands tall and proud at $3.940 trillion. Quite the spectacle if you ask me!
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2025-07-26 10:52