As of August 8, 2025, the global cryptocurrency market capitalization stands at $3.88 trillion, reflecting a 3.52% increase over the past 24 hours. The broader market continues to strengthen, with capital inflows into select altcoins and emerging tokens as investor sentiment improves. Institutional participation remains a significant driver, bolstered by advancements in regulatory clarity and ongoing innovation in DeFi, Layer-1 scalability, and real-world asset tokenization.
Bitcoin is currently trading at $116,766, marking a 1.91% increase over the past 24 hours. Intraday trading ranged between $115,000 and $117,600, with BTC holding firmly above the $116,000 support zone.
Traders are now eyeing a move toward $118,000-$120,000, with a decisive breakout above $118,000 likely to trigger stronger bullish action. On the downside, solid support is expected around $116,000.
Ethereum is trading at $3,935, up 7.58% over the past 24 hours. ETH has fluctuated within a daily range of $3,800 to $3,940, maintaining its momentum above the psychological $3,900 level. Strong institutional demand and steady progress on Ethereum’s scaling upgrades are fueling investor confidence.
A break above $4,000 could push ETH toward $4,050-$4,100, while failure to hold the $3,850 level could invite a pullback below $3,800.
Avalanche is currently trading at $23.29, marking a 5.66% increase over the last 24 hours. The network continues to see rising DeFi activity and new strategic partnerships, driving user growth.
Support is solid around $21, while resistance is observed near $25. A breakout above this could send AVAX toward the $26-$27 range.
Polygon is currently trading at $0.2384, up 2.76% over the past 24 hours. MATIC is benefiting from increased Layer-2 adoption and ongoing integration with major DeFi protocols.
Support is seen around $0.19, while resistance lies at $0.24. A breakout above could push MATIC toward $0.26.
Near Protocol is trading at $2.65, up 7.48% in the past 24 hours. Its expanding developer base and ecosystem upgrades are strengthening fundamentals.
Support is near $2.30, while resistance is at $2.95. A move beyond this could drive NEAR toward $3.10.
XRP is trading at $3.36, reflecting a 13.39% increase over the past 24 hours. Growing adoption in cross-border payments and recent legal clarity in key jurisdictions are boosting investor confidence.
Support is at $2.9, while resistance stands at $3.5. A breakout above could send XRP toward $3.7-$3.8.
PEPE is priced at $0.000001106, up 4.15% in the past 24 hours. PEPE’s strong online community and ongoing ecosystem projects continue to attract speculative interest.
Support is seen at $0.00000105, with resistance at $0.00000112. A breakout could propel PEPE toward $0.0000012.
Bonk is trading at $0.00002589, up 6.88% in 24 hours. BONK benefits from strong Solana community backing and ongoing NFT-related integrations.
Support is observed at $0.000024, while resistance is near $0.000027. A push past this level could see BONK reach $0.000030.
The crypto market’s 3.52% increase in total market capitalization reflects renewed optimism and sustained institutional inflows. The resilience of the market is reinforced by regulatory progress, emerging tokenization models, and scaling advancements in both Layer-1 and Layer-2 networks.
With the total crypto market cap at $3.88 trillion and daily gains nearing 4%, the market is displaying robust strength after its recent consolidation phase. Bitcoin is edging toward $117K, while Ethereum is solidifying its position above $3.9K, both indicating potential for further upside.
Altcoins such as Avalanche, Polygon, Near Protocol, and XRP are gaining investor interest, while memecoins like Pepe and Bonk maintain community-driven momentum. With continued technological development and institutional adoption, the crypto market appears poised for sustained growth.