Why Is Crypto Up Today? – July 31, 2025

The crypto market is up today, seeing a minor uptick. A decisive breakout above the $105,000-$125,000 range could lead toward $141,000, Glassnode says.
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Bolivia Calls Crypto ‘Reliable Alternative’ in New El Salvador Partnership Deal

Bolivia’s Central Bank has signed a memorandum of understanding with El Salvador’s National Commission of Digital Assets to promote crypto development, marking a dramatic policy reversal for a nation that previously banned virtual assets and now calls them a “reliable alternative” to traditional currencies.
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South Korean Central Bank Unveils New ‘Cryptoassets Department’

South Korea’s Central Bank has announced it will reorganize its structure to include a “cryptoassets department” as a wave of public sector stablecoin-related activity continues to build momentum.
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