The post Why Is Crypto Market Going Up Today? BNB Hits New ATH, XRP and ETH Surge appeared first on Coinpedia Fintech News
The crypto market is rising again with Ethereum (ETH), XRP, and Binance Coin (BNB) posting stronger gains than Bitcoin in the last 24 hours. While Bitcoin is holding its ground above $119,000, it’s the altcoins that are making headlines today.
According to CoinMarketCap, the total global crypto market cap now stands at $3.96 trillion, up 1.82% in the last day. Bitcoin dominance is starting to slide, allowing altcoins to shine. The Fear & Greed Index is currently at 67, showing that investor sentiment has firmly moved into the “Greed” zone.
Ethereum Eyes $4,000 Breakout
Ethereum is leading today’s rally, currently trading above $3,890, up over 3% in the last 24 hours. Traders believe ETH may soon cross the $4,000 mark if the momentum continues. An important resistance zone is between $4,200–$4,300, which could trigger the next wave of buying.
BNB Hits New All-Time High
BNB, the native token of Binance, is one of the strongest performers, jumping over 6% today and nearly 12% over the week to reach $851—a new all-time high. The move confirms that investors are rotating profits from Bitcoin into top-tier altcoins. Liquidity is spreading across the market, fueling short-term rallies across various tokens.
XRP Follows with Solid Gains
XRP also saw a healthy bullish trend, trading at $3.27 with over 5.8% weekly gains. While the Ripple vs SEC legal drama still lingers, market interest in XRP remains strong, partly due to ETF speculation and growing global adoption.
What’s Driving the Market?
Several factors are pushing the market higher:
- Bitcoin Weekly Close: BTC recently had its highest weekly close ever, reinforcing bullish sentiment.
- Macro Relief: The U.S. and China agreed to pause tariffs for 90 days, and the U.S. struck a trade deal with the EU, easing investor fears.
- USDT and BTC Dominance Falling: With stablecoin and Bitcoin dominance slipping, altcoins are attracting fresh capital.
- Positive Technicals: Many coins broke past resistance levels, setting the stage for potential breakouts.
What’s Next?
The analyst said that we are still in the middle of a bull cycle. The next major top to form around October or November, based on global liquidity trends and political timelines like the Crypto Market Structure Bill vote expected in September.
For now, attention is on Ethereum to break $4,000, and Bitcoin’s next key target range is between $127,000 and $132,000. If the current altcoin trend continues, the broader market could soon test new highs.
