Crypto Market News: ETH Dips, Spark Surges 80%

Crypto Market Today: Top Gainers and Losers Revealed

As of today, the total crypto market capitalization is $3.94 Trillion, representing a 6.5% change in the last 24 hours. Total cryptocurrency trading volume on the last day is at $234 Billion. Bitcoin dominance is at +59.89% and Ethereum dominance is at +11.11%.

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 71 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:

• Bitcoin is currently trading at $118,994 USD, a 1.02% decline that is indicative of both broader risk aversion and regulatory uncertainty surrounding ETF approvals in the face of growing trade tensions between the United States and China.

• Today's current Ethereum price is $3,641.00 USD. Over the past day, Ethereum has dropped 2.55%.

• The three most popular cryptocurrencies right now are Pump.fun, Incrypt, and Spark. The price of Spark changed by 87.1%, Incrypt by -1.0%, and Pump.fun by -15.3% over the last day.

• XRP is 9.4% down in 24 hours due to profit-taking after a rally, low trading volume sustainability risks, and AI-driven scam warnings from Ripple's CEO.

• Spark had an 80% price increase in a day due to whale accumulation, a strong technical breakout, and unprecedented DeFi protocol growth. 

• Sahara AI (SAHARA) increased by 50% in just one day. Increased exchange liquidity and the introduction of a new data-labeling platform could be the reason for the surge.

• Pump.fun dropped 15% in a single day. Due to competition pressure, legal risks, and token supply issues, As of right now, the price is $0.003208 USD.

• Other well-known cryptocurrencies, including Binance (BNB), Solana ($SOL) saw  lows.

Major Worldwide Crypto Market News Update:

• Machi Big Brother's $PUMP long position has lost more than $5.8 million as $PUMP continues to decline, yet he continues to double down and add to his $PUMP long bets.

• Tether CEO Paolo Ardoino plans to re-enter the U.S., focusing on institutional clients and offering stablecoins for payments, settlements, and trading, without going public.

• JPMorgan predicts a slightly optimistic $2 trillion stablecoin  projection by 2028, citing underdeveloped infrastructure as a key constraint, and expected to double or triple in the coming years.

• President Trump says he considered breaking up Nvidia, $NVDA, to increase AI competition before realizing it would be “hard.”

• Bo Hines, Executive Director of the President’s Digital Asset Advisory Council, stated that the White House’s first policy report on digital assets will be released to the public on July 30.

• PNC Bank, the eighth-largest bank in the United States, is partnering with Coinbase to offer cryptocurrency trading services to its customers.

• Circle  has minted $750M $USDC on Solana  in the last hour.

Global crypto market capitalization is $3.94 trillion. Ethereum fell 2.55% to $3,641, while Bitcoin is down 1.02% at $118,994. XRP dropped 9.4% due to profit-taking and scam alerts, whereas Spark rose 87% due to whale activity and DeFi momentum. Despite geopolitical and ETF-related uncertainty, investor confidence is still evident as the Crypto Fear & Greed Index stays in "Greed" at 71.

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.