A wave of coordinated buying swept through crypto markets on July 23, propelling major digital assets sharply higher within hours. Bitcoin BTC advanced 4.4% to trade at $67,866, inching toward the $68,000 mark. Trading volume accelerated to $55.25 billion, lifting Bitcoin's market cap to $1.35 trillion.
Ethereum Outperforms Majors with 8.6% Surge
Ethereum ETH delivered the strongest performance among large caps, jumping 8.6% to $2,053.97. Its 24-hour turnover reached $30.92 billion, reflecting solid participation across both spot and derivatives markets. Ethereum's market value rose to $247.92 billion, tightening its grip on second place.
XRP, SOL, DOGE Join the Rally with Strong Volumes
Other top coins also posted gains. XRP climbed 5.1% to $1.44 on $4.31 billion in turnover. BNB added 5.0% to $625.88, while Solana SOL rose 6.4% to $87.38 on $6.16 billion in trades. Dogecoin DOGE gained 7.5% to $0.0997 amid heightened activity. The simultaneous nature of these moves suggests broad-based capital inflow rather than isolated price spikes.
Mid-Cap Tokens See Outsized Gains: CFG Soars 84%
Risk appetite extended deeper into alternative assets. Centrifuge CFG exploded 84.6% to $0.1568, backed by $65.20 million in daily volume. Power Protocol POWER climbed 49.8% to $1.10, while SAFEbit SAFE rose 37% to $0.1224. HumidiFi WET advanced 31.2% to $0.1169 with turnover near $49.21 million. These moves indicate traders rotating into higher-volatility plays.
Although Bitcoin BTC approached the $68,000 threshold, Ethereum ETH delivered a sharper percentage expansion — a divergence often reflecting stronger short-term positioning in smart contract ecosystems. Synchronized gains across BTC, ETH, and SOL reinforced the session's structural strength. Elevated trading activity across the board supported price appreciation, with buyers remaining active throughout the session.