Which Crypto Leads the Market this Week?

The crypto market went through major changes this week, starting with a bullish uptrend, then crashing and recovering at the end. For an average or new investor, this is too much instability, but experts know this is how the volatility of digital assets behaves. Notably,  despite the ups and downs, the crypto investors remain greedy, fueling BTC, ETH, and XRP’s uptrend, but who’s leading? Let’s discuss.

Crypto Market This Week: XRP, ETH, and BTC Price Summary

The crypto market stands with the bulls’ dominance at press time, pushing the market cap to a whopping $3.82 trillion. Additionally, the fear and greed index is at 64, indicating the market is driven by greed. Besides, the digital assets are in green, showcasing ongoing uptrends.

Starting with Bitcoin, it closed around $117.4k on July 21 (week’s start) and is currently at $118k, marking only a 0.5% gain over the week. However, there were also a few peak points between July 22- 23, where the BTC price hit $120.2k before dropping below $115k on July 25.

In the case of ethereum, it witnessed a 9% uptrend in the week, as its price surged from $3.55k to $3.85k. However, the net gain is just 5% due to the earlier crash, currently at $3.75k. Interestingly, it reached a 7-month high of $3.85k on July 21, thanks to continuous US Spot Ethereum ETF inflows and rising institutional interest.

XRP followed a major uptrend in the previous week, as it surged from $2.96 to $3.45. However, this week, it has had a net 6.7% crash, currently trading at $3.20. Notably, it also peaked at $3.53 before that, witnessing a 45% surge over the month, but that settled with time.

Interestingly, the week remains a massive hit among investors, as it gave new highs for many cryptocurrencies and also presented entry points once the market crashed. Many critical events, including the Galaxy Digital Bitcoin sell-off, Trump visiting the Fed, the beginning of the Thailand-Combodia war, and more, took place, affecting broader financial markets.

Who’s Leading the Crypto Market?

Despite the ups and downs, Ethereum (ETH) remains the leader this week between the three, with a 5% net uptrend. Its $1.85B ETF inflows this week and $2.18B before that, showcasing its high demand. Moreover, the building institutional demand with Sharplink buying ETH, whale holding, and other developments fueled this rally.

Notably, many other cryptos also remain bullish this week, with the Ethena (ENA) and Pudgy Penguin (PENGU) becoming the top crypto gainers. Although BTC and XRP also have modest gains, their pullbacks put them behind in the race.

It has to see what next week brings for the crypto market now.

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Pooja Khardia

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section.

Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights.

Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry.

When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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