24 Hour Crypto Market Update: A Snapshot of What’s Trending Today

24 Hour Crypto Update: MAGIC and Neiro Jump 45%, While Uranus Dips

In the past 24 hours, the global cryptocurrency market cap reached $3.84 trillion, marking a 1.1% increase. Total trading volume stood at $117 billion. Bitcoin and Ethereum dominate with 59.5% and 11.6% market share, respectively. The biggest gainers in the industry are the Polkadot Ecosystem and XRP Ledger Ecosystem cryptocurrencies.

Major Crypto Events

Source: Forex Factory

24-Hour Crypto Market Update

Bitcoin remains the top cryptocurrency with a market cap of $2.28 trillion and a stable price of $114,836. It had no significant price movement in the last 24 hours and reported a trading volume of $31.74 billion.

Top 3 trending cryptos: In the last 24 hours, Toncoin led the trending list despite falling 6.1% to $3.39. Notcoin followed with a 1.3% dip, priced at $0.002162. SMARDEX (SDEX) gained 2.2% in value, trading at $0.00457, attracting attention for its steady performance. 

Top 3 gainers in 24 hours: MYX Finance surged by 158.6%, hitting $0.4773 with nearly $98 million in volume. Neiro on ETH rose 47.8% to $0.167, and Treasure (MAGIC) climbed 48.2% to $0.2688 with a strong trading volume of $516 million.

Top 3 losers in 24 hours: Uranus dropped 18.6% to $0.3976, while Ani Grok Companion (ANI) declined 14.2% to $0.03696. Heima (HEI) also fell by 13.9%, now priced at $0.4136, as market corrections heavily affected these tokens over the last day.

The DeFi market experienced a 4.4% increase in market capitalization, which now stands at $ 144 billion. DeFi had a trading volume of 7.63 billion with a 3.8% global dominance. The dominance of Lido Staked Ether was 22.7, and TVL was at the level of $201.5 billion.

Stablecoins also stayed at the same level of performance with a minor increase of 0.1%, which resulted in the market cap of $275 billion. The last 24 hours' trading volume exceeded $86 billion. These fiat-pegged assets are still essential to liquidity and price stability.

Fear and Greed Index

Source: Alternative me

By August 5, 2025, the Crypto Fear & Greed Index is 60, which is in the state of Greed. This is down a little on 64 yesterday and 73 last week, indicating that the bullish mood has cooled slightly in recent days.

Latest Crypto News Highlights of the Last 24 Hours 

President Trump to replace the Fed Governor and the BLS Chief after Adriana Kugler resigned and Erika McEntarfer was fired.

The Coinbase ad, “Everything Is Fine” was banned in the UK due to its political and misleading nature. The advertisement blamed the UK financial situation and sold crypto as the solution. Brian Armstrong, the CEO, defended it, stating that censorship is unjust.

There was confusion that China once again banned crypto trading and mining, but it was a viral 2025 post. In practice, there is no new ban. The strict restrictions on cryptocurrencies in China were established in 2021. The re-emerged China Cryptocurrency news deceived the markets on China bans cryptocurrency which cause panic among the users. It is an indication that old misinformation can mislead the environment.

The SUP token airdrop will be available on August 5 through Binance Alpha and Bitget, and trading will begin at 10:00 AM and 11:00 AM UTC, respectively. Tokens can be claimed with Binance Points.

The PROVE token airdrop of Succinct will be launched on Binance Alpha on August 5, 2025. Tokens will be claimable by users with Alpha points, with a total token supply of 1 billion ERC-20 tokens.

Disclaimer: Coingabbar provides informational content on cryptocurrencies, NFTs, and other decentralised assets. This is not financial advice. Users, please DYOR, understand the risks, and consult financial professionals before investing. CoinGabbar is not responsible for any financial losses. Crypto and NFTs are highly volatile—invest wisely.