📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Here’s why crypto is going up today and Altcoin Season Index falling
Bitcoin and most crypto tokens are rising today, with the combined market capitalization crossing the key milestone of $4 trillion.
Summary
Bitcoin (BTC) jumped to a high of $122,300, its highest level since July 15, and much higher than this month’s low of $112,000. Some of the top-performing altcoins were Zora (ZORA), LayerZero (ZRO), Lido (LDO), and Ethena.
Why crypto is going up today
The crypto market is booming as investors embrace a risk-on sentiment, with the Fear and Greed Index now in the “greed” zone. A likely reason is that market participants have adjusted to the new normal of Donald Trump’s tariffs.
Additionally, the recent earnings season beat expectations, with most companies posting earnings and revenue above estimates. The blended earnings growth, with 90% of S&P 500 firms reporting, came in at 11.8%, well above the expected 5%. This strength has helped push top stock indices to record highs.
The crypto rally is also being fueled by rising expectations that the Federal Reserve will cut interest rates. These hopes intensified after weak U.S nonfarm payrollsearlier this month showed just 73,000 jobs added, with the unemployment rate rising to 4.2%.
Several Fed officials, including Christopher Waller, Neel Kashkari, and Michele Bowman, have signaled that the central bank could cut rates in September. Historically, Bitcoin and altcoins tend to perform well during rate-cutting cycles.
American investors have also continued to accumulate Bitcoin, Ethereum, XRP, and Solana ETFs. Bitcoin ETFs have recorded $54 billion in cumulative inflows, while Ethereum funds have added $9.8 billion.
Other products, such as XRP’s XXRP and UXRP, and Solana’s SSK, have also seen significant inflows this year. Optimism is growing that the SEC may approve several spot altcoin ETFs.
The crypto market is also going up as the number of treasury companies jump. Some of the most aggressive buyers are SharpLink Gamingand BitMine, which are buying ETH, and Tron Inc., which is buying TRX.
Why Altcoin Season Index is falling
CoinMarketCap data shows that the Bitcoin Dominance stands at 60%, up from the January low of 55
While most cryptocurrencies gained on Monday, many remain well below their year-to-date highs. Pepe is down 21%, while BNB, Cardano, and Solana have each fallen more than 10% from their July peaks.