Ethereum Rallies 6%, Bitcoin Hits $119K – July 16, 2025 Crypto Snapshot
Ethereum jumps 6.22% to $3.2K, Bitcoin rises to $119K. Get real-time July 16 market insights, XRP trends, and key volume signals.
Ethereum Surges Over 6% as Bitcoin Hits $119K – July 16, 2025 Market Snapshot
As of 2:20 PM IST, the crypto market is gaining strength across key assets. Ethereum (ETH) leaps another 6.22% in the past 24 hours to touch $3,200, driving its 24H volume up 8.61% to $583.49M. After holding firm during the morning session, Bitcoin (BTC) climbs to $119,000, marking a 1.69% price increase with solid volume of $2.1B.
XRP, while trading lower in volume (-46%), continues to rise, up 3.38% to $2.95, with its high 1.36% funding rate signaling elevated long exposure—and a potential setup for volatility.
Ethereum’s breakout appears driven by strong demand in DeFi and renewed whale interest, with its price now eyeing the $3,300–$3,400 resistance zone. Bitcoin shows signs of breaking out of its tight range—analysts are watching $120K closely for a decisive move.
Market momentum favors bulls, especially in ETH and altcoins with active funding flows.
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