Price Analysis

Crypto Price Today: Ethereum holds above $3.5K, Bitcoin around $114.6K, Altcoins stay resilient

Bitcoin at $114.5K, Ethereum Holds $3.5K as Crypto Market Gains 1.64% to $3.72 trillion

Bhavesh Maurya

As of August 4, 2025, the global cryptocurrency market capitalization stands at $3.72 trillion, reflecting a 1.64% increase over the past 24 hours. The broader market is showing signs of a cautious rebound, with investors reallocating capital into emerging altcoins and trending memecoins amid renewed optimism. Despite ongoing volatility, long-term market confidence is bolstered by strong institutional participation, evolving regulatory clarity, and ongoing advancements in DeFi protocols, Layer-2 scalability, and tokenized infrastructure projects.

Bitcoin (BTC): Consolidates around $114.5K

Bitcoin is currently trading at $114,375, showing a modest gain of 0.82% over the past 24 hours. Intraday price movement has ranged from $113,352 to $114,880, as BTC consolidates below the psychologically significant $115,000 resistance level.

Bulls are monitoring for a breakout above this threshold, which could drive BTC toward the $118,000 to $120,000 range. Conversely, any pullback is expected to find strong support near $113,000 or $112,000, regions previously marked by accumulation.

Ethereum (ETH): Holding firm around $3.5K

Ethereum is trading at $3,539, up approximately 2.84% over the past 24 hours. Price action has hovered within the $3,436 to $3,550 range, with ETH maintaining crucial support above the $3.5K mark.

Sentiment remains fueled by steady institutional buying, pending protocol upgrades, and consistent inflows into spot ETH ETFs. A breakout above $3,600 could initiate a rally toward $3,700, while a breakdown below $3,500 may open the door to lower support levels near $3,450.

Altcoins:

Cardano (ADA)

ADA is currently trading at $0.7356, with an increase of 2.86% in the last 24 hours. As a leading proof-of-stake blockchain, Cardano continues to attract interest with ongoing developments in its smart contract and governance frameworks.

Support is observed around $0.70, while resistance lies near $0.76. A breakout above this level could send ADA toward the $0.80 mark, especially as developer engagement picks up pace.

Avalanche (AVAX)

AVAX is trading at $21.91, up 3.67% over the last 24 hours. Known for its high-performance architecture and subnet capabilities, Avalanche remains a favorite among builders looking for speed and scalability.

Key support is found around $20, while resistance is seen near $24. A sustained move above resistance could push AVAX toward the $28-$30 region in the coming weeks.

XRP (XRP)

XRP is priced at $2.98, up by 5.78% in the past 24 hours. As XRP continues to push for regulatory clarity and expand its payment corridors, investor interest remains optimistic.

Support is seen around $2.8, with resistance at $3.15. A push above this could see XRP test the $3.20-$3.30 range, particularly if positive news emerges from ongoing litigation or ETF progress.

Tron (TRX)

TRX is currently trading at $0.3282, up 1.64% in the past 24 hours. Tron continues to expand its ecosystem with increasing DeFi integrations and strong activity on its native chain.

Support lies near $0.319, while resistance is at $0.339. A move above this could position TRX to test $0.345-$0.350 in the near term.

Memecoins:

Dogecoin (DOGE)

DOGE is currently trading at $0.2007, reflecting a 2.50% gain over the past 24 hours. Fueled by community engagement and ongoing social media buzz, Dogecoin continues to hold investor attention.

Support is seen at $0.19, while resistance is around $0.22. A bounce from current levels could push DOGE toward $0.24, contingent on renewed memecoin momentum.

Shiba Inu (SHIB)

SHIB is currently priced at $0.00001226, up 2.21% in the last 24 hours. With continued ecosystem expansion via Shibarium and growing DeFi integrations, Shiba Inu remains a top memecoin by market cap and community size.

Key support lies around $0.0000115, while resistance is noted at $0.0000131. A breakout above resistance could drive SHIB toward the $0.000015-$0.000017 range, especially if meme token sentiment continues to rebound.

Market Outlook: Institutional flows and infrastructure investments support recovery

Even with continued market fluctuations, cryptocurrency is reinforcing its place in institutional portfolios. Notable developments, ranging from ETF growth to clearer global regulations are improving confidence and encouraging broader adoption.

Advancements in cross-chain communication, zero-knowledge proof scalability, and tokenized real-world assets are also injecting fresh capital and use-case-driven interest into the crypto ecosystem.

Final Thoughts

With the total crypto market cap now at $3.72 trillion, marking a 1.64% increase, the digital asset space is showing signs of recovery and realignment. Bitcoin is holding steady near $114.5K, while Ethereum shows strength above $3.5K, both maintaining critical support zones.

Altcoins such as ADA, AVAX, XRP, and TRX are gradually recovering with renewed development activity. Meanwhile, memecoins like DOGE and SHIB remain speculative favorites amid shifting investor sentiment.

As institutional adoption broadens and innovation accelerates across blockchain infrastructure, staying informed and adaptive remains crucial in navigating the evolving crypto market.