Crypto Market 24 Hr Update: Top Gainers ZORA, Spark, BNB

Crypto Market Surges to $4T! What’s Fueling the Boom?

The overall crypto market is growing this week. As of today, the total crypto market capitalization is $4.04 Trillion, representing a 2.88% change in the last 24 hours.Total cryptocurrency trading volume in the last day is at $263 Billion. Bitcoin dominance is at 59% and Ethereum dominance is at 11.2%. 

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 74 on a scale ranging from 0 to 100, the current crypto market sentiment reflects more positive from yesterday. With a brief spike into Greed one week ago, the sentiment of the crypto market has remained steadily in Neutral over the past month.

Most recent update on the crypto market:

• Due to institutional accumulation and Square's merchant payment integration, Bitcoin increased 2.2% in a single day. Today's current Bitcoin price is $120,026 USD. The 24-hour gain demonstrates positive responses to whale accumulating and acquisition benchmarks. 

• The price of Ethereum is currently $3,736.79 USD, down over the previous day. Ethereum's 0.9% 24-hour loss can be attributed to a number of causes, including profit-taking after a 19% weekly surge, regulatory uncertainty around ETF conversions, and technical overbought indications.

• Bitcoin, Zora, and Pudgy Penguins are currently the top three cryptocurrencies. Zora's price increased by 59.3%, Bitcoin's by 2.1%, and Pudgy Penguins' by 11.3% over the past day.

• Over the past day, the price of ONDO has increased by 5.83%, and it is currently trading at $1.14 USD. The recent gain displays positive technicals in light of 21Shares' ETF filing and increased institutional interest in tokenized real-world assets (RWAs).

• Spark (SPK) cryptocurrency price rose almost 100% during the past week. The main factor driving this rally is growing excitement for the Ignition airdrop's second phase. Its market cap doubled. Spark still has a long way to go. The current price of Spark is $0.093938 USD, up 49.68% over the previous day.

• The new all-time high, ecosystem expansion, and optimistic derivatives activity are all reflected in BNB's 4.7% 24-hour climb to $800.50.

• The current live ZORA price is $0.039333 USD, which is 59.45% more than it was the day before. Zora token surged after Base App integrated its content tokenization technology.This allows users to create and trade tokens tied to social media posts using Zora and Farcaster infrastructure.

• Other well-known cryptocurrencies, including Solana ($SOL) and Dogecoin ($DOGE), saw highs and lows.

Major Worldwide Crypto Market News Update:

• According to EmberCN 7 hours ago, 50,000 ETH (worth $186 million) continues to migrate from Justin Sun's exchange HTX to Binance.

• Citadel Securities has submitted a letter to the SEC's Task Force for opposing exemptions for tokenized equities, arguing they could drain liquidity from traditional markets and confuse investors. The firm argued tokenized stocks should be regulated similarly to traditional securities.

• SEC approves conversion of Bitwise 10 Crypto Index Fund into an ETF! To Be Finalized on 7/31/25 

• 21 shares have filed for an $ONDO ETF. Institutions are preparing for tokenization.

• Assistant Secretary Sherry R. Haywood of the SEC stayed the order under Rule 431 of the Commission's Rules of Practice and announced the Commission's review of the approval decision.

• Dan Tapiero sees the digital ecosystem reaching $50 trillion as he launches a new $500 million fund under 50T rebrand. 

• TON Wallet Launches in US With 0% Fiat Conversion, In-Chat Crypto Transfers, and Passive Yield Features.

• Four Ethereum MicroStrategy companies, SharpLink Gaming, Bitmine Immersion Tech, Bit Digital, and BTCS Inc., have been compared on their stock performance and ETH staking strategies.

• Polymarket is considering launching its own stablecoin. The prediction giant is exploring a native dollar-pegged token to capture the yield from USDC reserves currently held on its platform.

The crypto market is displaying newfound power with a $4.04 trillion capitalization and growing institutional interest. While altcoins like Zora and Spark report rapid growth, Bitcoin leads gains at $120,000. As the narrative is driven by ETF activity and the tokenization of real-world assets (RWAs), sentiment has switched to "Greed." Future ETF approvals and other ecosystem advancements seem to be up for long-term growth.

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.