Crypto Market Update (August 1): Bitcoin & ETH Stand Firm as ENA Surges 15%
Crypto markets shrug off weekend volatility—BTC and ETH hold their ground while ENA steals the spotlight with a double-digit rally.
Steady giants, fiery alt:
Bitcoin and Ethereum trade sideways, defying bears. Meanwhile, ENA’s 15% pump has traders chasing the next moonshot.
The cynical take:
Another day, another altcoin pumping while Wall Street ‘experts’ still debate whether crypto is ‘real.’ Spoiler: it’s eating their lunch.
Bitcoin BTC price Chart | Source: CoinMarketCap
Ethereum, on the other hand, has lost some of its gains from the previous day. This is just negative 0.2% but now it’s down below its $3800 mark, which it has held for the past few days. Currently, ETH is trading $3,774.
Just like Bitcoin, the price action is ranging sideways, trading between $3,716 and $3,832. But today, trading activity is up by 8%, leading to about $34.65 billion in trading volume and $456.86 billion in market cap.
Meanwhile, Ethena has added about a 15% gain today. Currently, the altcoin is trading for $0.6277 after starting the day from $0.576, but surged during the London session thanks to a 78% increase in trading activity in the last 24 hours, based on data from CoinMarketCap.
Trending Cryptos Today
- Pump.fun (PUMP)
- RAPI (RAPI)
- Hedera (HBAR)
- Nasdaq666 (NDQ)
- Sonic (S)
Top Gainers & Losers Today
| Gainer | Losers |
| Pump.fun (PUMP): +15.27% | Fartcoin (FARTCOIN): -5.35% |
| Sonic (S): +9.73% | SPX6900 (SPX): -4.64% |
| Ethena (ENA): +9.61% | Uniswap (UNI): -4.54% |
| Story (IP): 8.94% | Tezos (XTZ): – $3.88% |
Crypto Marketcap Overview
The overall crypto valuation is at $3.86 trillion, with $168.78 billion in trading volume. This is a 5.62% increase in the last 24 hours, according to CoinMarketCap. In addition, the Altcoin Market Index is now at 36 to 100%, which means that investors have started to shift their attention back to Bitcoin.
Meanwhile, 119,148 traders have lost their funds in the trading market in the last 24 hours. According to Coinglass, the total amount liquidated is around $384 million. $384million of that was from traders who bet on long positions, while $86..35 million came from short positions. And the majority of the bets were on Bitcoin.
Also Read: 5 Dormant bitcoin Mining Wallets Move $30M in BTC After 15 Years
