Bitcoin Holds $119K as Ethereum, Solana Stay Resilient — July 23, 2025 Morning Update

This Wednesday morning, July 23, 2025, crypto markets open with a measured, cautious tone after Monday’s volatility spike. Bitcoin (BTC) remains firm at $119,000, rising 1.26% in the past 24 hours as trading volumes increase 16.5% to $827M. The funding rate holds at 0%, suggesting balanced activity and limited directional bias from futures traders.

Ethereum (ETH) is steady at $3,700, up a slim 0.22% as its volume retreats more than 20% to $739M. The funding rate for ETH at 0.7% indicates lingering leverage, but market sentiment feels consolidative rather than speculative.

XRP trades flat at $3.49, seeing a marginal 0.1% dip. Trading volume drops nearly 30% (to $408M), but the funding rate (0.29%) suggests no major unwind of recent bullish positions.

Solana (SOL) continues its outperformance among altcoins, climbing 0.95% to $201.50 with $403M in trading volume (down 26.8%). Funding rate at 0.5% highlights a steady DeFi and trading interest.

The prevailing story is market digestion—major crypto assets are stabilizing after last week’s swings, with volume retreating in most coins, yet prices remaining resilient. Traders are watching for renewed accumulation phases and macro headlines in advance of midweek catalysts.

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