🚀 Crypto Market Update (August 07): Bitcoin & Ethereum Hold Steady, PUMP Skyrockets as Litecoin Tanks 5%!

Crypto markets are playing Jekyll and Hyde today—while majors stabilize, altcoins are throwing tantrums.

Bitcoin & Ethereum: The Calm Before the Storm?

BTC and ETH are flatlining at pivot levels, with traders waiting for either the SEC’s next blunder or a surprise ETF approval to break the deadlock.

PUMP’s Absurd Rally Defies Gravity

Some memecoin you’ve never heard of is mooning—probably another ‘utility’ project with a 12-year-old CTO and a whitepaper written by ChatGPT.

Litecoin Gets Left Behind (Again)

LTC bleeds out while ‘digital silver’ apes cope harder. Maybe they’ll rebrand as ‘Web5’ to catch the next hype cycle.

Closing Thought: Watching crypto markets is like seeing Wall Street’s id unleashed—just swap cocaine with decentralized Ponzinomics.

PUMP Crypto Jumps Over 10%, Litecoin Retests Its Crucial Support!

However, with a jump of over 10%, the Pump.fun memecoin price has gained the highest over the past 24 hours. Despite recording a drop of 22.79% in its trading volume to $449.68 million, the market share is increasing. This shows an increase in the accumulation of the PUMP tokens among the investors.

On the other hand, after displaying a strong positive action over the past few trading sessions, the LTC price has lost traction over the past day, resulting in it losing just over 5% in valuation. Following this, the market capitalization of Litecoin is currently at $8.85 billion with an intraday trading volume of $1.01 billion, a change of -47.33%.

Trending Cryptos Today

• Succinct (PROVE)

• MemeFi (MEMEFI)

• MilkyWay (MILK)

• Pi (PI)

• ether.fi (ETHFI)

Top Gainers & Losers Today

Crypto Marketcap Overview

Taking a note on the latest data from CoinMarketCap, the intraday trading volume of crypto market has decreased by 7.78% to $135.55 billion. With this, the global crypto valuation has come down to $3.72 trillion with a drop of 0.67%.

The Fear & Greed Index is currently at 52 (Neutral), indicating a weak buying and selling pressure in the market. Moreover, the Altcoin Season Index is now at 36, hinting at a rising uncertainty in the crypto-space.

Moreover, an estimated 112,293 traders were liquidated as per the data of CoinGlass. With this, the total liquidation within the past 24 hours was about $226.45 million. Notably, the single largest liquidation recorded was on the Binance cryptocurrency exchange. The value of this liquidation order was $2.09 million and was on the ETH/USDT pair.

Top Gainers and Losers on CoinMarketCap Today