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July 28, 2025
The global cryptocurrency market cap is around $3.88 Trillion, with some sources indicating a slight decrease (around 1.36% to 3.54%) in the last 24 hours.
Trading volume has also seen a minor decrease in the past day.
Despite recent volatility, the market has seen a surge in the past few weeks, with the total market cap even crossing $4 trillion recently. This surge has been partly attributed to growing institutional interest and regulatory clarity, such as the GENIUS Act providing a legal framework for dollar-backed stablecoins.
Key Cryptocurrencies:
Bitcoin (BTC): The largest cryptocurrency by market capitalization, Bitcoin is trading around $117,800 - $118,200. It has shown resilience, holding strong above $118K despite recent volatility. While it saw a dip below $116,000 recently due to factors like options expiry and profit-taking, positive regulatory developments are creating a more favorable environment for long-term appreciation.
Ethereum (ETH): Ethereum has demonstrated remarkable strength, trading around $3,720 - $3,770. It has seen significant gains (around 35-54% in July) driven by strong institutional demand, ETF inflows, and whale accumulation. The announcement of "The Ether Machine's" $1.6 billion Nasdaq debut has further fueled bullish momentum.