As of August 7, 2025, the global cryptocurrency market capitalization stands at $3.74 trillion, reflecting a 1.32% increase over the past 24 hours. The broader market continues to show strength, with capital flowing into select altcoins and emerging tokens as market sentiment remains optimistic. Institutional involvement remains a crucial driver, supported by advancements in regulatory frameworks and innovations in DeFi, Layer-1 scalability, and digital asset tokenization.
Bitcoin is currently trading at $114,386, marking a 0.86% increase over the past 24 hours. Intraday trading ranged between $114,000 and $117,200, with BTC gaining momentum above the $114,000 level.
Traders are now eyeing a move toward $115,000-$116,000, with a decisive breakout above $117,000 likely to trigger further bullish action. On the downside, strong support is expected near $114,000.
Ethereum is trading at $3,662, up 2.51% over the past 24 hours. ETH has fluctuated within a daily range of $3,578 to $3,720, staying firmly above the psychological $3,650 level. Market confidence remains high, buoyed by strong institutional demand and continuous progress along Ethereum’s scalability and upgrade roadmap.
A break above $3,800 could push ETH towards $3,900, while failure to hold the $3,600 level could invite a pullback toward $3,500.
Solana is currently trading at $167.13, marking a 2.93% increase over the last 24 hours. The cryptocurrency has been gaining strong momentum, driven by growing adoption in decentralized finance (DeFi) and continued improvements in network scalability.
Support remains solid around $160, while resistance is observed near the $170 level. A breakout above this resistance could push SOL toward the $175-$180 range. With increasing network usage and developments, Solana looks poised for further upward momentum in the short term.
Chainlink is currently trading at $16.63, up 3.11% over the past 24 hours. LINK continues to draw attention for its pivotal role in connecting smart contracts with real-world data, with growing partnerships and integrations across the DeFi ecosystem.
Support is observed near $15.50, while resistance lies around $17.20. A move beyond this could drive LINK toward $20.
Cardano is currently trading at $0.7358, up 3.01% in the past 24 hours. Despite volatility in the broader market, ADA continues to benefit from steady progress in its smart contract capabilities and growing developer activity.
Support is seen near $0.71, while resistance lies at $0.75. A breakout above this level could push ADA toward $0.80.
Litecoin is currently trading at $121.12, reflecting a 2.45% increase over the past 24 hours. LTC continues to be a prominent player in the digital payments space, benefiting from its fast transaction speeds and low fees, which attract a wide user base.
Support is seen around $118, while resistance is around $125. A breakout above this resistance level could drive LTC toward the $130-$135 range. As more users turn to Litecoin for quick and efficient transactions, it remains well-positioned for further growth.
Shiba Inu is priced at $0.00001229, up 2.51% in the past 24 hours. SHIB continues to capture the attention of speculative investors, aided by a robust community and new ecosystem developments.
Support is seen at $0.0000118, with resistance at $0.0000125. A breakout could propel SHIB toward $0.0000130.
Floki Inu is trading at $0.0001060, up 3.31% in 24 hours. As a leading memecoin, FLOKI benefits from its engaging community and partnerships with influencers and brands.
Support is observed at $0.000101, while resistance is near $0.000111. A push past this resistance could see FLOKI reach toward $0.000117.
The crypto market’s 1.32% increase in total market capitalization highlights growing optimism and continued institutional inflows. The resilience of the market is further supported by advancements in regulatory clarity, innovative tokenization methods, and scaling solutions across Layer-1 and Layer-2 protocols.
With the total crypto market cap at $3.72 trillion and a daily gain of 1.32%, the market shows healthy growth after recent consolidation. Bitcoin is consolidating around $114K, while Ethereum holds steady near $3.7K, with both assets showing promising potential for further upside.
Altcoins such as Solana, Chainlink, and Cardano are seeing renewed interest, while memecoins like Shiba Inu and Floki Inu continue to capture market attention with their active communities and fresh narratives.The ongoing technological innovations, adoption, and institutional backing position the crypto market for long-term growth.