Bitcoin Dips, ETH Rises: 24 Hr Crypto Market Update

Crypto Market Moves: SPK Drops 35%, Meme Coin Up 48%

Crypto 24 Hr Recap: BTC Falls, ETH Rallies, SPK Crashes

The global crypto market is worth $3.93 trillion today representing a 4.4% change in the last 24 hours. Total trading volume in the past 24 hours was $228 billion. Bitcoin dominance is at 59.9% and Ethereum dominance is at 11.4%. 

Major Crypto Market Events To Watch

Crypto Market Fear and Greed Index:

Over the last 24 hours, the "Fear and Greed Index." Presently holding at 70 on a scale ranging from 0 to 100, the current crypto market sentiment reflects optimism from yesterday. With a brief spike into Greed one week ago, the sentiment of the crypto market has remained steadily in Greed over the past month.

Most recent update on the crypto market:

• With a 24-hour trading volume of $72,238,672,826 USD, the price of Bitcoin is currently $118,015 USD, down 0.88% over the previous day.

• Ethereum is currently trading at $3,682.92 USD, up 1.25% over the previous day. Bullish technicals, good market sentiment, and institutional ETF inflows are all factors in the boost. 

• just memecoin, Pump.fun, and Incrypt are the top 3 trending cryptocurrency now. In the past 24 hours, the price of just memecoin changed by 48.8%, Pump.fun price changed by -18.0%, and Incrypt price changed by -7.8%.

• Other well-known cryptocurrencies, including Binance (BNB), Solana ($SOL) and Dogecoin(DOGE) are green today with slight increase.

• Today, the price of Spark is $0.113116 USD. It has dropped 35.83% in the past day. Spark (SPK) crashed due to profit-taking following a parabolic spike, as well as fears over future token unlocks and declining altcoin momentum.

• just memecoin surged massively to 45.88% in the last 24 hours and the price today is $0.038989 USD.

• With a huge increase of  59.30% over the previous day Vine Coin is now trading at $0.062900 USD.

• Pudgy Penguins (PENGU) fell 13.8% in 24 hours, owing to whale sell-offs and fading ETF excitement and overbought technical conditions.

Major Worldwide Crypto Market News Update:

• WOO X Exchange hacked for ~$14M, affecting 9 user accounts. Withdrawals are temporarily paused while the team investigates.

• Christie's International Real Estate became the first major US luxury brokerage to launch a dedicated crypto real estate division, allowing buyers to purchase properties entirely with cryptocurrency, as per NYT.

• MicroStrategy has increased its latest Series A perpetual preferred stock offering “Stretch” from $500 million to $2 billion, pricing 5 million shares at $90 each. 

•  President Trump issues a statement on his tour of the renovation of the Federal Reserve Building with Fed Chair Powell.  Trump says the renovation “would have been much better if it never started” and Powell needs to “lower interest rates.”

• The Celestia Foundation has announced an agreement with Polychain Capital to purchase 43,451,616.09 TIA for $62.5 million.

•  TON Foundation and Kingsway Capital plan to raise $400 million for a crypto finance firm that will use TON tokens as its treasury asset.

• GameSquare (NASDAQ: GAME) announced the purchase of CryptoPunk #5577 from Compound founder Robert Leshner, one of only 24 Ape CryptoPunks left. 

• BitMine has surpassed SharpLink Gaming to become the largest ETH holder. BitMine announced that its ETH holdings have exceeded $2 billion. As of July 23 (ET), BitMine held a total of 566,776 ETH, Avg. $3,643. 

• Prediction market Kalshi and xAI establish partnership to bring Grok to prediction markets.

• Tether minted another 2B $USDT. Since July 1, Tether has minted a total of 7B $USDT.

The global crypto market cap reached $3.93 trillion, a 4.4% change in 24 hours, with $228 billion in trading volume.  Bitcoin fell 0.88% to $118,015, Ethereum surged 1.25%, boosted by ETF inflows and optimistic sentiment. just m emecoin gained 48.8%, Vine Coin soared 59.3%, while Spark fell 35.8% due to profit-taking. Whale activity and major institutional moves dominated the headlines, including Tether's minting of 2 billion USDT and WOO X's $14 million hack. Despite inconsistent cryptocurrency performance, the Fear & Greed Index remains at 70, indicating consistent investor confidence.

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments are for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.