Bitcoin price today: steady at $107k, altcoins underperform

As of today, July 29, 2025, Bitcoin (BTC) is indeed showing stability, trading around $118,000 to $119,000. While the specific figure of $107k in your query might be slightly outdated, the general sentiment of Bitcoin holding steady appears to be accurate. It has seen some minor fluctuations of less than 1% in the last 24 hours.

This stability comes after a period of volatility, with Bitcoin recently recovering from a decline in late July and having reached an all-time high of nearly $123,000 earlier in the month. Regulatory developments, such as the signing of the GENIUS Act in the US providing a legal framework for dollar-backed stablecoins, are contributing to a more favorable environment for institutional adoption, potentially supporting long-term price appreciation.

Regarding altcoins, the sentiment that they are underperforming Bitcoin largely holds true. While some altcoins like XRP and Algorand (ALGO) have seen significant gains in recent months (XRP up over 50%, ALGO nearly doubling), and Ethereum ETFs are seeing strong inflows, the overall market seems to be in an “early rotation” phase rather than a full-blown “altcoin season.”

The Altcoin Season Index, which measures how many of the top 100 altcoins have outperformed Bitcoin over the past 90 days, is currently around 50. This indicates some capital flowing into altcoins, but it’s not yet at the 75 threshold that signals a full altcoin season. Bitcoin’s dominance has decreased slightly from 64% to around 60-61.5%, suggesting some shift, but it still maintains a strong lead.

In summary, Bitcoin is exhibiting a period of relative calm and strength at a high valuation, while the altcoin market is showing signs of life but is not yet in a widespread bull run, with many still underperforming BTC.