The cryptocurrency market took a slight dip today, with a 2% decrease in total capitalization, bringing it down to $3.91 trillion. Increased volatility is anticipated ahead of today’s FOMC meeting as investors look for critical signals from the Federal Reserve. According to the CME FedWatch Tool, there is a 96.9% probability that interest rates will stay the same, leading many to expect a pause rather than a significant change. Bitcoin remained relatively stable, trading within the range of $118,000 to $119,000 after bouncing back from a dip to $115,000.

Ethereum, on the other hand, is maintaining its position above $3,700, significantly supported by record inflows of $5.2 billion into spot ETH ETFs. This noticeable shift indicates a rotation from Bitcoin into altcoins, prompting the question: what are the top altcoins to consider during this potential altcoin season?

Current Best Altcoins to Purchase? From ETH to Hyperliquid and Solana Providing Unique Opportunities for August 2025

Inflows into ETH ETFs recorded $65.14 million, with BlackRock’s ETHA making substantial contributions of $131.95 million. These ETFs collectively hold $21.5 billion in assets and are becoming crucial in the rising altcoin market.

Companies are now starting to accumulate ETH, with entities such as SharpLink Gaming amassing more ETH than the Ethereum Foundation currently holds. In the past month alone, major corporations have bought over $1.6 billion worth of ETH, indicating strong long-term beliefs in the asset.

"$ETH ETF inflows are absolutely skyrocketing right now."
Follow the intelligent investments! pic.twitter.com/BCh8g0ULdA — Mister Crypto (@misterrcrypto) July 29, 2025

Ethereum continues to be the leading altcoin and a significant indicator of broader market movements. With spot ETH ETFs logging 17 days of consecutive inflows totaling $5.2 billion, institutional faith is surging in this digital asset. Technical indicators for ETH/BTC have shifted bullish, leading analysts to view Ethereum as pivotal for the upcoming crypto cycle.

ETH Price Movement
Current ETH Price Analysis

Ethereum is nearing vital resistance at $4,069 after a robust recovery from below $2,400. A breakout could target $4,500–$5,000, reinforced by record ETF inflows. The market trend favors bulls, but affirmation is necessary to maintain this momentum.

Simultaneously, Hyperliquid (HYPE) is gaining traction, built on a custom Layer 1 designed for high-speed, on-chain perpetuals. It promises gasless transactions, low-latency execution, and robust order books, making it a prime choice for savvy traders. Currently priced at $43.93, HYPE might aim for a $100 target soon.

Solana, recovering from previous network complications, is reestablishing itself as a center for DeFi, NFTs, and tokenized assets with efficient transaction speeds and low costs, making it a leading Layer 1 with promising long-term growth prospects.