24 Hr Crypto Market Cap Update: Correction or Opportunity?

Crypto Market latest Update: Zora, ONDO, XRP face big drops

The global cryptocurrency market cap has gone down by 5.9% in the last 24 hours, reaching  $3.95 Trillion, with a total trading volume of $255 billion in the last day.  Bitcoin dominance is at 59.4% and Ethereum dominance is at 11.6%.

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 73 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 trading at $118,270.39 with a dip of 1.02% in the past 24hr. Major sell off and technical resistance are the factors affecting the dip.

• Today’s Ethereum price is $3,816.91 and with a down of 1.77% in the past day. The decline is a result of market-wide liquidations, technical overbought indications, and profit-taking following recent advances.

• The three most popular cryptocurrencies right now are Vine, Zora, and Pudgy Penguins. Vine's price dropped by -2.6%, Zora's price dropped by -10.2%, and Pudgy Penguins' price dropped by -4.6% during the last day.

• Today, the price of XRP is $3.14 USD. Over the past day, XRP has decreased by 2.89%.

• During the past day, Pudgy Penguins has dropped 4.81%. The Pudgy Penguins' current price is $0.040913 USD. 

• ZORA's 12.95% 24-hour drop is a result of technical overextension, profit-taking following a parabolic run, and conflicting opinions about the viability of creator currencies. The coin is currently trading at $0.07404.

• ONDO’s dip combines technical profit-taking, sector-wide headwinds, and whale-driven liquidity gaps. 

• Other well-known cryptocurrencies, like Dogecoin (DOGE), Solana ($SOL), and Binance (BNB), are seeing slight highs and lows today.

Major Worldwide Crypto Market News Update:

• Indian media Livemint reports that Coinbase is in advanced talks to acquire India-based CoinDCX at a valuation below $900 million, a significant drop from its $2.2 billion peak three years ago. 

• Cathie Wood’s ARK Invest has announced a partnership with Canada-based SOL Strategies, naming the firm as the exclusive staking services provider for its Digital Assets Revolutions Fund. Under the agreement, SOL Strategies will take over ARK’s validator operations.

• President Trump comments on Fed Chair Powell: "He's leaving very soon, I'll miss him," Trump says.

•  OKX says it is the first global crypto exchange to launch regulated derivatives products for retail traders in the UAE, offering access to futures, perpetual contracts, and options with up to 5x leverage. The move comes under Dubai's VARA pilot framework.

• Circle partners with fintech company FIS to enable US financial institutions to use $USDC for transactions.

• Binance founder Changpeng Zhao's net worth nears a staggering $136 billion, making him one of the richest in the world!

• Cboe files for 19b-4 with the SEC to list and trade Invesco Galaxy Solana ETF and Canary Staked INJ ETF.

• CEA Industries and 10X Capital, with the support of YZi Labs, announce a $500M private placement (including $100M in crypto) to establish the world’s largest publicly listed BNB-focused treasury company. The deal, set to close by July 31, could reach $1.25B with warrant exercises. Over 140 institutions joined, including Pantera, GSR, dao5, and Arrington.

• Trump announces a global tariff plan, declaring “we are going to be setting a tariff for the rest of the world and that is what they have to pay.”

The global crypto market cap has dropped 5.9% to $3.95 trillion, with over $255 billion in trading volume. Bitcoin and Ethereum experienced dips due to technical resistance, liquidation events, and profit-taking. Despite this, investor optimism remains at 73, with whale movements, ETF developments, and acquisitions dominating market sentiment.

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.