Crypto News: Why Is the Crypto Market Going Up Today? BNB Hits New ATH as ETH and XRP Surge
The crypto market is rising with BNB reaching a new all-time high, Ethereum closing in on $4,000, and XRP posting solid gains. Here’s what’s driving the rally.Key TakeawaysBNB hit a new all-time high (ATH) of $851 as capital rotates from Bitcoin to top altcoins.Ethereum (ETH) is approaching the $4,000 level, gaining over 3% in 24 hours.XRP is up nearly 6% this week, supported by ETF speculation and adoption narratives.Bitcoin remains stable above $119,000, with dominance slipping as altcoins lead the rally.Crypto Market OverviewThe global crypto market cap has risen 1.82% in the last 24 hours to reach $3.96 trillion, according to CoinMarketCap. Bitcoin (BTC) remains above $119,000, but its dominance is declining, signaling a shift of momentum toward altcoins.The Crypto Fear & Greed Index stands at 67, showing investors are firmly in the “Greed” zone — a typical marker of a strong bull cycle.Ethereum Eyes $4,000 BreakoutEthereum (ETH) is leading today’s rally, trading above $3,890 after a 3% gain in the last 24 hours. Analysts point to the $4,200–$4,300 resistance zone as the next key test; a breakout could trigger another wave of buying.BNB Hits New All-Time HighBinance Coin (BNB) is the standout performer, jumping 6% today and 12% over the week to reach $851 — a fresh ATH.BNB’s rally confirms that investors are rotating profits from Bitcoin into major altcoins, spreading liquidity across the market and fueling short-term rallies.XRP Posts Solid GainsXRP is trading at $3.27 with 5.8% weekly gains. Despite lingering uncertainty from the Ripple vs. SEC case, XRP demand remains strong, driven by ETF speculation and growing international adoption.What’s Driving the Crypto Market Today?Several factors are pushing crypto prices higher:Bitcoin Weekly Close: BTC posted its highest weekly close ever, reinforcing bullish sentiment.Macro Relief: A U.S.-China tariff pause and a U.S.-EU trade deal have eased investor concerns.Falling USDT & BTC Dominance: Capital is rotating into altcoins as stablecoin and Bitcoin dominance drop.Technical Breakouts: Multiple coins broke through key resistance levels, setting up further upside potential.What’s Next for Crypto?Analysts suggest we’re still midway through the current bull cycle. Historical patterns and liquidity data suggest the next major market top could form around October or November — aligning with events like the Crypto Market Structure Bill vote in September.For now:Ethereum eyes the $4,000 breakout zone.Bitcoin targets $127K–$132K as the next major range.Altcoins could continue to outperform if BTC stays steady.
