Crypto Market Steadies (July 17): Bitcoin Holds Firm as Memecoins Defy Gravity—Again
Crypto markets hit the pause button after weeks of turbulence—but don’t call it boring.
Bitcoin anchors the ship while altcoins flirt with recovery. Meanwhile, memecoins—because apparently ‘fundamentals’ are just a suggestion—stage another face-melting rally. Traders shrug and throw money at the circus anyway.
Key moves:
- BTC: Chilling near key support like it pays rent there.
- Altcoins: Pretending last month’s bloodbath was just a bad dream.
- Memes: Up only (until they’re not). Dog coins, frog coins, whatever-coins—all printing green. The ‘greater fool’ theory hard at work.
Bonus jab: Wall Street still trying to ‘institutionalize’ crypto while degens make bank on JPEGs with hats. Never change, finance.
Top Crypto Hold Their Crucial Levels, Memecoins Dominate the Day
After recording a new ATH of just over the $123K mark, the Bitcoin (BTC) price has recorded a notable correction. At the time of writing, the value of Bitcoin was $118,363 with a trading volume of $73.80 billion. However, amid the rising market volatility, the dominance of it has dropped below the 63% mark and is currently at 62.7491%.
The altcoin leader, ethereum price has become one of the best-performing digital assets spaces as it has finally breached its $3,200 mark for the first time in months. Following this, its market dominance has risen to 10.2541% with a valuation of $384.36 billion.
The XRP coin price has maintained its value around the $3 mark with a change of +1.18% during this time. With this, the market value of it has stabilized at $175.22 billion with a share of 4.6823%.
On the other hand, the SPX memecoin has taken over the crypto market by storm as it has successfully gained the top gainers position today by adding over 20% to its valuation. Moreover, the memecoin market shows signs of volatility as most tokens are on the verge of a breakout at their key resistance levels.
Trending Crypto Today
- Ethereum (ETH)
- Floki (FLOKI)
- Solana (SOL)
- SPX6900 (SPX)
- Chainlink (LINK)
Top Gainers & Losers Today
| Gainers | Losers |
| SPX6900 (SPX): +20.83% | Pi (PI): -3.15% |
| Ethereum Name Service (ENS): +19.97% | UNUS SED LEO (LEO): -2.31% |
| Bonk (BONK): +16.45% | Pudgy Penguins (PENGU): -1.60% |
Crypto Market Cap Overview
As per the data from CoinMarketCap, the global crypto valuation is now at $3.79 trillion with an intraday trading volume of $179.74 billion, a change of -8.21% as per the data. However, with a jump of 3.74% today, the market is suggesting a significant increase in the trading volumes.
As the crypto market stabilizes, the Fear & Greed index is now at 68, suggesting a cool-off in the price action. Additionally, the Altcoin Season Index is now at 36, hinting at a major shift toward the altcoin crypto tokens.
In the past 24 hours, a total of 101,765 traders were liquidated, resulting in the total liquidations coming to a total of $344.73 million. Notably, the largest single liquidation order was recorded on the Bybit crypto exchange on the BTC/USD pair. The value of this order was $8.37 million.
French Hill Says GENIUS Act, Crypto Bills Still Have Shot at Passage
