24Hour Crypto Update: Trading Volume Hits $181B, BTC Dominate 60%

24 Hour Crypto Update: DeFi Down 4.2%, Stablecoin Market Holds Steady

Currently, the total market cap of the global crypto market is $3.76 trillion, seeing a dip of 5.7% in the last 24 hours. This rally shows that crypto investors are back and have confidence. The total number of cryptocurrencies being monitored is 17,868. The 24-hour trading volume is at $181.8 billion is a good sign. (Approximate)

24-Hour Crypto Market Update

1. Bitcoin (BTC) saw a 1.6% decline, priced at $113,685. 

1. Ethereum (ETH) recorded a 5.0% increase, trading at $3,516.83, and shows strong bullish momentum among major altcoins.

1. Market dominance is still dominated by Bitcoin with a very high percentage of 60.1, followed by Ethereum with 11.2.

1. In the most trending crypto, Toncoin (TON) emerged as the most searched cryptocurrency, posting a 4.2% gain and now trading at $3.66. Hyperliquid (HYPE) dropped sharply by 8.4% to $37.84, making it one of the top trending yet underperforming assets.

1. Top Gainers in the Last 24 Hours: Definitive EDGE (EDGE), which surged by 45.4% to reach a price of $0.2173. Following closely, UNIART (UNIART) rose by 30.5% to $0.03395. Treasure MAGIC (MAGIC) experienced a strong increase of 31.0%, priced at $0.1816. 

1. Top Losers in the Last 24 Hours: ZND Token (ZND) dropped sharply by 26.2% to $0.2906. BankrCoin (BNKR) followed with a loss of 21.6%, priced at $0.0007926. Tokenbot (CLANKER) fell by 19.6% to $47.37. 

1. The stablecoin market cap is stable at 273 billion with no major change in the past 24 hours. The amount of trading in this segment amounted to $126.9 billion.

1. Decentralized Finance (DeFi) appears to have lost 4.2%, with its cap. amounting to $137 billion. The current DeFi dominance is 3.6% of the total market, and the daily trading volume is $10.26 billion. 

1. It is worth noting that cryptocurrencies in the Polkadot Ecosystem and the XRP Ledger Ecosystem are some of the best performers today.

Fear and Greed Index

Source: Alternative

As of August 2, 2025, the Crypto Fear & Greed Index stands at 55, indicating greed in the market. But sentiment has fallen by a significant margin relative to the past readings—65. Yesterday, 72 last week, and 73 last month, which points to a slowdown in bullish investor sentiment.

Major worldwide crypto news update of 24 Hours

On August 1, 2025, Trump raised high reciprocal tariffs on 11 countries, and the rate in Canada increased to 35%. Countries like Switzerland (39%), South Africa (30%), Taiwan and Vietnam (20% each), Cambodia, Thailand, Malaysia, and Indonesia (19% each), and Turkey and Venezuela (15%) were also hit. Apple expects $1.1B in extra costs. Apple is anticipating additional expenses of $1.1B. Crypto markets did not respond much to the bold move, implying that the effects of the trade war are diminishing.

Greyscale and VanEck have revised their Solana ETF applications with the SEC, which is a positive indication of getting approval soon. Greyscale offers to pay 2.5 percent in SOL, and VanEck offers 1.5 percent and staking. With the changing regulations, the SEC under Trump is considering several SOL ETF proposals. In spite of the hype, SOL declined 4.84%, and a market cap of 92B is trading at $171.39.

BlockDAG presale has already collected more than 356 million dollars, and there are only 10 days to buy BDAG tokens at the price of 0.0016. There is a 10 BTC auction going on, and there is one entry per token purchased. It will be listed on August 11 on such exchanges as MEXC and BitMart, and the expectation is to be listed on Binance as well. The price of BDAG is expected to be between 0.002 and 10 dollars, depending on the strength of the listing and the market sentiment.

July 2025 data shocked the U.S. employment market with 258K posts removed as a result of revisions, and only 73K were added. The unemployment rate increased to 4.2%, causing recession fears. Even though wages are increasing by 3.9%, Wall Street is looking forward to a potential Fed rate reduction in September. Major changes may be witnessed in stocks and gold as the uncertainty prevails.

Vitalik Buterin said on the 10th anniversary of Ethereum that the network should never go down because it is becoming a form of global digital infrastructure. The event was celebrated through a global livestream, with major voices, a 48 percent rise in the price of ETH to 3,800 dollars, and the announcement of the future Pectra upgrade. Ethereum Torch, a commemorative NFT, was launched in ten countries as well.

Disclaimer: Coingabbar provides informational content on cryptocurrencies, NFTs, and other decentralized assets. This is not financial advice. Users should do their research, 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.