As of July 29, 2025, the global cryptocurrency market capitalization stands at $3.90 trillion, reflecting a 1.46% decrease over the past 24 hours. The broader market is witnessing a modest pullback, with traders adjusting positions after recent highs. Despite the retreat, the long-term outlook remains supported by sustained institutional interest, evolving regulation, and ongoing innovation in decentralized finance (DeFi) and blockchain scalability.
Bitcoin is currently trading at $118,721, registering a 0.49% decrease over the past 24 hours. The intraday price has fluctuated between $117,493 and $119,727, marking a period of consolidation just below the key psychological barrier at $120,000.
While BTC remains within a tight trading band, bulls are eyeing a breakout above $120,000, which could pave the way toward $122,000. However, failure to gain traction may result in a retest of support levels near $117,000 or $116,000, where buyers have previously stepped in.
Ethereum is trading at $3,797, down 1.90% in the last 24 hours. The asset has moved within a range of $3,762 to $3,937, slipping below its recent support near $3,850 amid broader market weakness.
Despite the short-term correction, optimism around Ethereum’s continued roll-out of scalability improvements and robust staking activity remains high. A recovery above $3,900 could set the stage for a move toward $4,000, while a drop below $3,750 could open the door to further losses toward $3,650.
Cardano is currently priced at $0.7952, showing a decline of around 5.38% in the past 24 hours. ADA remains a prominent platform for smart contract development and continues to benefit from its research-first approach and upcoming governance upgrades.
Key support lies near $0.77, while resistance is observed around $0.82. A decisive move above resistance could drive ADA toward $0.85, especially with community backing for the upcoming Voltaire phase of its roadmap.
Avalanche is trading at approximately $25.05, down 4.30% in the last 24 hours. Known for its high throughput and scalability, AVAX continues to gain traction in DeFi and institutional finance.
Support is strong at $24, while resistance sits around $27. A successful breakout could target the $30 mark, driven by growing adoption of Avalanche subnets and ecosystem partnerships.
Chainlink is currently priced at $18.36, reflecting a 3.96% decrease in the past 24 hours. As a leading oracle solution, LINK benefits from increased smart contract integration and data usage across chains.
With support near $17.30, resistance lies around $19. A breakout above this level could push LINK toward $22, fueled by institutional demand for decentralized data services.
Polygon is trading at $0.2285, showing a 4.89% decline in the last 24 hours. The platform’s continued dominance in Ethereum Layer-2 scaling and new zkEVM solutions could bolster its performance.
Support is near $0.20, while resistance sits at $0.25. A strong push through resistance could carry MATIC toward $0.30, especially with the anticipated launch of new enterprise partnerships.
Pepe is trading at $0.00001192, down 7.62% in the past 24 hours. The token, fueled by internet culture and community excitement, has staged a strong comeback following a period of consolidation.
Support lies near $0.000011, while resistance is at $0.000013. A breakout could extend gains toward $0.000015, especially if retail enthusiasm sustains.
Floki is currently priced at $0.0001199, reflecting an 8.47% decrease over the past 24 hours. The token continues to benefit from community-driven campaigns, education programs, and new utility initiatives within the Floki ecosystem.
Support remains at $0.00010, with resistance around $0.00014. A break above resistance could lead to a test of $0.00017, backed by a growing retail following.
Despite the recent market pullback, crypto assets stay in focus for institutional investors, particularly with the continued rollout of spot ETFs and the increasing adoption of enterprise blockchain. Regulatory frameworks such as the CLARITY Act and supportive rulings for crypto funds have brought increased clarity, attracting capital into the ecosystem.
Cross-chain innovation, DeFi platform evolution, and the integration of decentralized oracle and scaling technologies are strengthening the infrastructure for the next bull cycle.
With the total crypto market cap slipping 1.46% to $3.90 trillion, the digital asset space is undergoing a healthy correction following recent rallies. Bitcoin remains above $118K, while Ethereum trades just under $3,800, both maintaining critical support levels.
Altcoins such as Cardano, Avalanche, Chainlink, and Polygon reflect varying degrees of strength, while memecoins Pepe and Floki demonstrate renewed community engagement and upside potential. As institutional frameworks solidify and innovation continues, staying informed and responsive will be key to navigating the evolving crypto ecosystem.