The crypto market has flipped risk‑on again, and the numbers are hard to ignore. In the last 24 hours alone: Bitcoin is hovering around $118 K, but the real fireworks are coming from altcoins – Ethereum has raced past $3.4 K, Solana is back above $175, and XRP is pushing new territory at $3.25.CryptonewsCryptonews
Quick snapshot (Thursday, 17 July 2025, 16:00 UTC)
| Coin | 24 h change | Latest price* |
|---|---|---|
| XRP | ▲ 9.5 % | $3.25 |
| ETH | ▲ 6.0 % | $3,423 |
| SOL | ▲ 5.2 % | $174.98 |
| FLOKI | ▲ 29 % | $0.00033 |
| BTC | ▲ 0.25 % | $118,005 |
*Prices from Cryptonews and AInvest spot feeds.AInvestCryptonews
What’s driving the pump?
1. Rotation into “anything‑but‑Bitcoin”
Glassnode data shows short‑term overheated conditions for BTC, nudging traders to hunt higher beta. Meme‑coin momentum is exploding: FLOKI jumped 29 %, BONK 16 %, and smaller names like PEPE and SHIB are green across the board, while weaker plays such as PENGU and PUMP are seeing profit‑taking.AInvestBeInCrypto
2. Ethereum narrative comeback
Institutional staking inflows, the upcoming Pectra upgrade, and talk of an ETH spot ETF have pushed the broader meme‑coin market cap up 6 % to $80 B, with TOTAL3 reclaiming the $1 T line for the first time since February.BeInCrypto
3. XRP “ETF wave” and near‑ATH price
Three XRP ETFs hit U.S. and Canadian exchanges this week, triggering a 9 % intraday pop and bringing XRP within 1 % of its 2021 all‑time high.CryptonewsCoinDCX
4. Fresh capital from presales & ICOs
CoinDCX data shows the new PUMP token raised $500 M in 12 minutes, signalling ample sidelined liquidity.CoinDCX
How traders are reacting
- DEX volumes are spiking as traders chase meme‑coin volatility.
- Layer‑2 bridges (Arbitrum, Optimism) are logging record daily active addresses as investors hunt low‑fee routes into ETH ecosystems.
- Altcoin/Bitcoin dominance has climbed to 38 %, its highest level in 18 months.
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The bottom line
Altcoin season is no longer a distant meme; it’s on your screen right now. With Ethereum reclaiming the narrative, XRP nudging an ATH, and meme‑coins igniting double‑digit moves, the July pump could mark the opening salvo of 2025’s second‑half bull leg. Just remember: volatility cuts both ways. Manage risk, use non‑custodial swaps like GhostSwap for rapid rotation, and keep an eye on funding rates – the next 48 hours will tell whether this surge has legs or is just another speculative spike.
