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Bitcoin price slips 1.72% to $115,991, struggling below key resistance levels.
Ethereum holds at $3,646, but unstaking surge signals volatility.
XRP dips slightly by 0.43%, while TRON and Cardano defy the market.
Crypto prices today are on a downward trend. The global market cap stands at $3.8 trillion, down by 1.37% at the time of writing, according to CoinMarketCap. It shows signs of consolidation and cautious optimism in select altcoins. The market is grappling with regulatory headlines, legal developments, and validator activity on the Ethereum blockchain.
Let’s dive into how the world’s top ten cryptocurrencies performed today.
Bitcoin (BTC) trades at $115,991.93 with a 1.72% decline over the past 24 hours. The digital asset maintains a robust $2.3 trillion market cap with $86.9 billion in trading volume.
Mr Sathvik Vishwanath, Co-founder and CEO of Unocoin, noted, "Bitcoin is currently consolidating between $116,000 and $119,000 after hitting an all-time high of $123,000. This pause reflects a healthy cool-off before the next leg up, driven by $14 billion ETF inflows and growing institutional interest.”
He further explained, “Technicals suggest a symmetrical triangle, with breakout potential toward $133,000-$140,000. On-chain metrics show early signs of profit booking by long-term holders, but macro sentiment and regulatory clarity remain supportive. If Bitcoin holds above $116,000, bulls could regain control quickly. However, a drop below this level may trigger broader corrections. Overall, BTC remains in a bullish structure with caution advised near major resistance."
Ethereum (ETH) is trading at $3,646.31, up 0.99% over the last 24 hours, with a daily volume of $46.08 billion. However, the network is under scrutiny as 644,330 ETH worth over $2.3 billion is queued for unstaking, an 18-month high.
Validator exits have raised concerns about potential sell pressure, although staking platform Everstake clarified that this may be due to ‘restaking, optimization, or rotation’ rather than mass exits. Meanwhile, Ethereum core developer Preston Van Loon testified in the Tornado Cash trial, calling the protocol a privacy-preserving tool and defending its use in legitimate circumstances.
Also Read: Crypto Prices Today: Bitcoin Price Nears $118,000, XRP Drops 10.76%
XRP fell 0.43% to $3.11, now valued at $184.5 billion with $12.1 billion in daily volume. The token’s slight drop mirrors cautious sentiment around privacy protocols and SEC scrutiny.
TRON (TRX) bucked the trend, jumping 2.58% to $0.3146 amid rising developer activity and ecosystem adoption. Cardano (ADA) also climbed 0.98% to $0.8090, signaling resilience despite broader market fatigue.
According the CoinMarketCap, here’s how some of the other top tokens performed today:
BNB (BNB): $764.81 (↓ 0.39%)
Solana (SOL): $179.51 (↓ 3.54%)
Dogecoin (DOGE): $0.2293 (↓ 3.75%)
Tether (USDT): $1.00 (↓ 0.02%)
USD Coin (USDC): $1.00 (↓ 0.02%)
Stablecoins remain mostly unaffected, continuing to offer safe havens during short-term corrections.
Here are the major macroeconomic developments affecting crypto prices today:
ETH core dev Preston Van Loon took the stand in the U.S. District Court in New York, defending Tornado Cash co-founder Roman Storm. Van Loon emphasized that Tornado Cash is a ‘privacy tool,’ not a criminal platform. He admitted to using the service to send 43 ETH, citing personal safety concerns. This moment may shape legal precedent for open-source developers.
Data from ValidatorQueue shows over 644K ETH in line for unstaking, with an 11-day delay. While some fear a potential sell-off, Everstake notes this behavior is part of normal validator rotation or re-staking behavior, not abandonment. Simultaneously, 390,000 ETH worth $1.2 billion is waiting to be staked, indicating underlying strength in ETH’s staking economy.
Starting August 1, Hong Kong's new Stablecoin Ordinance will penalize individuals or entities promoting unlicensed fiat-referenced stablecoins to retail investors. The punishment includes:
Fines up to HK$50,000 (~$6,300)
Up to six months' imprisonment
HKMA Chief Eddie Yue stated the law aims to curb ‘hype-driven frenzies’ and introduce credibility to the stablecoin sector. The warning marks a pivotal moment in Asia’s evolving digital asset regulations.
Also Read: Bitcoin News Today: Is Crypto Market Momentum Fading as BTC Trades Near $119K & Altcoins Sink?
Crypto prices today reflect a market searching for direction amid legal and regulatory uncertainty. Bitcoin's dip below $116,000, despite solid volume, shows short-term profit-taking. Meanwhile, Ethereum’s legal defense and validator exits could influence near-term price action. Hong Kong’s new law also sets a precedent for global stablecoin oversight.
Parth Srivastava, Head of Quant at 9Point Capital’s Research Team, noted, "Bitcoin is expected to remain sideways in the near term, signaling a healthy consolidation phase after its recent rally. This pause is constructive, allowing the market to absorb gains and reset positioning. Our broader view remains bullish, with a ‘buy the dip’ approach intact, as long-term fundamentals and ETF flows continue to support upward momentum."
Altcoins like TRON and Cardano are managing modest gains, showing selective bullishness. Institutional and retail players are weighing the impact of these developments. The cryptocurrency market is poised for significant shifts in sentiment soon.
1. Which cryptocurrency had the highest price in the last 24 hours?
Bitcoin (BTC) continues to hold its position as the most valuable cryptocurrency, with a 24-hour high price of $115,991.93. Despite showing a slight decline of -2.17% in the past 24 hours, its market dominance remains unshaken due to strong institutional adoption and long-term investor trust.
2. Which coins showed positive gains in the last 24 hours?
Among the top cryptocurrencies, only Ethereum (ETH), Cardano (ADA), and TRON (TRX) showed positive 24-hour performance. Ethereum gained 0.99% to trade around $6,451.37. Cardano rose by 0.98% to $0.5022, while TRON led the green zone with a 2.58% surge to $0.1385. These gains stand out amid a largely bearish trend across the market.
3. What is the most traded stablecoin by volume?
Tether (USDT) dominates as the most traded stablecoin, recording a staggering 24-hour trading volume of $159.48 billion. This far exceeds the trading volumes of other stablecoins like USDC or DAI. USDT’s popularity stems from its consistent dollar peg, wide adoption across centralized and decentralized exchanges, and its role as a key liquidity provider in the crypto ecosystem.
4. How is Solana (SOL) performing currently?
Solana (SOL) is trading at $179.51, marking a 3.54% decline in the past 24 hours. Despite the dip, it remains one of the most valuable Layer 1 blockchains with a market capitalization of $96.63 billion. Solana’s strength lies in its fast transaction speeds and low fees, making it attractive for DeFi, NFTs, and gaming.
5. What is the circulating supply of Dogecoin and its market position?
Dogecoin (DOGE) currently has a circulating supply of approximately 150.23 billion DOGE, making it one of the highest-supply cryptocurrencies in the market. Despite its humorous origins, DOGE has carved out a serious niche, with a current market capitalization of $34.46 billion. It is trading at around $0.2294, with a 24-hour decline of 3.75%.
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