Crypto has started the week with a completely different mood. Just days ago, traders were preparing for another round of geopolitical escalation. Instead, the United States and Iran have now held fire for a second consecutive day, oil prices have dropped by 5%, and risk appetite has returned. If youโre wondering why crypto is up today, this shift in sentiment is where the news and story begin. Today, we also see the ETH BTC ratio breaking higher, adding another bullish signal.
JUST NOW: The US paused its bombing of Iran after Omani officials visited Tehran Friday for talks.
Iran has since halted its own retaliatory strikes. Both sides have signaled interest in returning to ceasefire negotiations. https://t.co/2gGgG1Wmmu
Bitcoin climbed back above $65,000, Ethereum led gains among major crypto coins, and bearish traders were caught offside. More than $200 million worth of crypto positions were liquidated over the past day, with the vast majority coming from shorts forced to cover their positions.
For the first time in weeks, the rally feels supported by improving macro conditions instead of speculation alone.
The biggest catalyst behind todayโs rally came from outside the crypto space. A second day without fresh military strikes between the United States and Iran pushed oil prices sharply lower, encouraging investors to rotate back into risk assets. Bitcoin reclaimed $65,000 while Ethereum accelerated even faster, reviving talk that the market may be entering the early stages of a recovery.
Bitcoin (BTC)
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Institutional demand has also remained healthy. Spot Bitcoin, Ethereum, Solana, and XRP ETFs attracted a combined $152 million in weekly inflows despite minor Bitcoin ETF outflows earlier in the week. Meanwhile, attention is returning to Washington as reports suggest the final version of the CLARITY Act could arrive this week, although Senate hurdles still remain.
Another closely watched story involves Strategy. The company has now gone four straight weeks without purchasing additional Bitcoin as it builds cash reserves ahead of earnings. Michael Saylor has teased โanother colorโ on social media, fueling speculation that another announcement could be approaching.
One of todayโs more surprising headlines came from BitMart. The exchange announced plans to wind down operations after nearly nine years, following recent exits by AscendEX and BitMEX. We have noticed this pattern before. During previous bear markets, weaker exchanges often disappeared as liquidity dried up, with stronger platforms eventually emerging after the dust settled. Many still view exchange capitulation as a sign that the market may be moving closer to a long-term bottom.
EVERY BITCOIN BEAR MARKET ENDS WITH CASUALTIES.
2014 had Mt. Gox. 2018 had BitGrail. 2022 had FTX.
Now BitMEX and BitMart are shutting down within days of each other.
ฮฉETH BTC Ratio Breakout Puts Ethereum in the Spotlight
Bitcoin is trading around $65,300 to $65,500 after reclaiming the key $65,000 level. Todayโs crypto recovery is being supported by improving sentiment, positive ETF flows, and heavy short liquidations rather than excessive leverage from buyers.
Ethereum has stolen the spotlight. The second-largest crypto is trading around $1,950 to $1,965 after gaining more than 4% in a day. More importantly, the ETH BTC ratio has climbed back toward 0.030 after breaking above a multi-month downtrend.
Bitcoin (BTC)
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ETH BTC ratio has historically strengthened before capital rotates into the wider altcoin market. Previous bull cycles saw Ethereum outperform Bitcoin before gains spread across larger altcoins and eventually smaller projects. It is not a guarantee, but the pattern has repeated often enough to stay on tradersโ radar.
Other signs of improving risk appetite are emerging. Shiba Inu has climbed roughly 25% over the past week, while long-term Bitcoin holders continue showing little interest in selling. At the same time, fresh discussion around quantum computing has resurfaced, although many experts argue governance remains a bigger challenge than any immediate technological threat.
Todayโs crypto news reflects easing geopolitical tensions, falling oil prices, healthy ETF inflows, aggressive short liquidations, and a strengthening ETH BTC ratio. Together, they paint a much stronger picture than the market offered only a few days ago. If Bitcoin continues holding above $65,000 and the ETH BTC breakout extends, todayโs rally could become the first chapter of a much broader recovery rather than another short-lived bounce.
The XRP Ledger has recorded the second-highest inflow of real-world assets over the past six months, as total value exceeds $4 billion. XRP continues to expand its presence in the tokenized real-world asset (RWA) market as tokenization gains more traction this year.
Cardano founder Charles Hoskinson has warned that Bitcoin could eventually lose its position as the world's largest cryptocurrency if it fails to adapt to quantum computing. Speaking in an interview on The Starting Block, Hoskinson claimed that Bitcoin's biggest weakness is its limited ability to implement major protocol upgrades.
Cardano founder Charles Hoskinson has argued that the network remains financially strong despite its recent decline in the cryptocurrency market rankings. According to him, Cardano's on-chain treasury continues to generate enough funding to support the ecosystem's long-term growth.
Bitcoin long-term holders (LTHs) accumulated BTC at the fastest pace in six years, according to CryptoQuant analyst Burakkesmeci. The trend suggests fresh confidence among experienced investors despite recent price weakness.
XRP currently trades within a descending channel pattern that suggests the downtrend may continue to new lows before a rebound could occur. The broader crypto market has remained stuck in a downward trend, as selling pressure persists across the board.
A previously inactive Shiba Inu whale has resumed accumulating the token after spending more than seven months on the sidelines. According to on-chain data from Arkham Intelligence, the whale recently purchased 30.18 billion Shiba Inu in a single transaction valued at $125,270.
The recent Ethereum (ETH) price rally has lost momentum, but five key on-chain metrics suggest the network may be entering the early stages of a recovery. After climbing from $1,796 to a recent high of $1,933, Ethereum retraced to around $1,876 on July 23.
The XRP exchange reserve on Upbit, Korea's largest crypto trading platform, has declined to a new 2-month low amid consistent withdrawals. Notably, XRP remains under selling pressure as the broader market downturn pushes the token to $1.08, leaving it down 70% from its previous peak.
Hyperliquid (HYPE) whales are making massive on-chain moves even as the token trades well below its recent all-time high. Wallets have staked and unstaked hundreds of millions of dollars worth of HYPE in the past few days.
Senate Majority Leader John Thune has ruled out passage of the CLARITY Act before the August recess, as Polymarket traders cut its chance of becoming law in 2026 to 33%. Fortune reported on July 24 that Thune does not expectโฆ
XRP could be repeating the same price pattern that came before its massive rally in the 2017/2018 market cycle. Latest market data suggests the asset is again moving within a symmetrical triangle, similar to the structure that eventually led to a remarkable 66,000% gain and pushed XRP to $3.31 nine years ago.
Cardano has emerged as one of the fastest-growing blockchains for real-world assets (RWAs), reinforcing its expanding role in the rapidly evolving tokenization sector. According to data shared by the RWA Foundation, citing Token Terminal, Cardano ranked as the fifth fastest-growing blockchain by RWA value over the past 30 days.
Activity on Shibarium, Shiba Inu's official Layer-2 blockchain, surged sharply over the past day, but SHIB's price has yet to respond. According to the latest data from Shibariumscan, Shibarium processed 1,180 daily transactions yesterday.
Ethereum (ETH) reserves are moving in different directions across major cryptocurrency exchanges. Gemini and Bitfinex have recorded significant outflows, while Binance's holdings have remained mostly stable, according to CryptoQuant analyst Amr Taha.
The XRP ecosystem has welcomed over $800 million worth of distributed real-world assets this year amid the growing tokenization trend on the network. The tokenization market has continued to grow in 2026, with its total value now exceeding $410 billion.
Bitcoin has recovered sharply over the past three weeks, and the share of coins back in profit has risen significantly. Meanwhile, new CryptoQuant analysis suggests the market still has not reached the conditions that historically marked the end of bear markets.
Cardano founder Charles Hoskinson has argued that President Donald Trump should not actively participate in the cryptocurrency market while serving in office. Hoskison's comments came after Senator Elizabeth Warren urged lawmakers to reject the latest version of the Clarity Act, claiming it does not adequately prevent President Trump from financially benefiting from his crypto-related activities.
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