The crypto market is flashing mixed signals, leaving investors wondering what are the best crypto to buy right now. While the global market cap dropped to $3.87 trillion and major altcoins like XRP (-0.50%), Solana (-2.4%), and BNB (-3.61%) slipped into the red, some assets are showing surprising strength.
Ethereum (ETH) is one of them, climbing 0.37% to remain firmly above $3,800. At the same time, Bitcoin rebounded above $118,000 as Strategy (formerly MicroStrategy) confirmed a fresh $2.46 billion BTC purchase. With 21,021 more BTC added at an average of $117,256, Strategy now holds 628,791 BTC worth $74.26 billion, with an unrealized profit of over $28 billion.
EXPLORE: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025
MicroStrategy(@Strategy) bought another 21,021 $BTC($2.46B) at an average price of $117,256.#Strategy currently holds 628,791 $BTC($74.26B), with an average buying price of $73,277 and an unrealized profit of $28.18B.https://t.co/y4E1N0MaJ8 pic.twitter.com/5rYrB3VKoL
— Lookonchain (@lookonchain) July 30, 2025
Bitcoin ETFs continued to attract investor interest on July 29, recording a net inflow of $80 million. The largest contributor was BlackRock’s IBIT, which brought in $157.6 million. Meanwhile, some older ETFs like GBTC and BITB saw outflows, with GBTC alone losing $49 million.
Despite a few outflows, this marks the third straight day of positive net inflows, showing that demand for Bitcoin exposure through ETFs remains strong—even as the broader crypto market cools off. Ethereum ETFs also saw a net inflow of $218 million.
Market sentiment remains greedy, with the Fear & Greed Index still at 63. This suggests the correction hasn’t shaken long-term confidence. So where is smart money flowing?
SEC Opens Door for In-Kind Redemptions in Crypto ETFs
The U.S. Securities and Exchange Commission has approved in-kind redemptions for spot Bitcoin and Ethereum exchange-traded products. This means ETF issuers and authorized participants can now deliver or receive actual Bitcoin or Ether when creating or redeeming shares. Until now, they had to use cash. This rule change brings crypto ETFs closer to how commodity ETFs like gold are handled.
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Whales Favour ETH, Strategy Buys BTC, and TRX Breaks Out
Whale wallets continue to favour Ethereum. One fresh wallet received 12,000 ETH (around $45 million) from Galaxy Digital’s OTC desk just hours ago. Since July 9, nine wallets have quietly accumulated 640,646 ETH, worth over $2.43 billion.
Bitcoin also remains a top choice for investors right now. With Strategy aggressively expanding its holdings and ETF inflows stabilizing the price, BTC is still seen as the foundation of most long-term portfolios.
But one surprise performer is Tron (TRX). While the broader market dropped, TRX jumped to $0.35 (now trading at $0.335): up 75% from its 2024 low. Per CryptoQuant, Tron processed over 2.8 billion transactions in the last 12 months and generated more revenue than Ethereum, Solana, and BNB Chain combined.
With technical indicators pointing bullish and TRX trending above key resistance levels, it’s another name to watch closely.
The post [LIVE] ETH Price Rises As The Crypto Market Falls — MicroStrategy Keeps Accumulating Bitcoin: Best Crypto To Buy? appeared first on 99Bitcoins.