Market Update: Crypto Market Trends | August 7, 2025

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.77T, up by 1.32% over the last 24 hours.
Bitcoin (BTC) has been trading between $113,580 and $115,716 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $115,024, up by 0.83%.
Most major cryptocurrencies by market cap are trading higher. Market outperformers include OMNI, SPELL, and BIO, up by 26%, 16%, and 16%, respectively.
Top stories of the day:
Bitcoin Volatility Hits Multi-Year Lows, Mirroring Wall Street Market Behavior
Binance Charity to Airdrop Up to $1.2M in BNB to Flood Victims in Southern Taiwan
Trump Announces Federal Reserve Chair Candidates from Wall Street
Federal Reserve Explores Gold Reserves for Bitcoin Strategy Funding
Bitcoin Still on Track for $250K in 2025, Says Fundstrat’s Tom Lee 
U.S. President Trump Announces Implementation of Reciprocal Tariffs 
Standard Chartered: Ethereum Fund Management Firms Are Outperforming US Spot ETH ETFs 
SEC Exempts Ethereum and Solana Staking Protocols from Securities Laws 
US Dollar Drops to 9-Day Low as Fed Officials Signal September Rate Cut 
Crypto Market Cap Stalls at $3.7T as Traders Exit, Institutions Accumulate Bitcoin and Ether
Market movers:
ETH: $3724.99 (+2.66%)
XRP: $3.0041 (+1.92%)
BNB: $765.82 (+0.57%)
SOL: $169.56 (+3.25%)
DOGE: $0.20601 (+2.50%)
TRX: $0.3391 (+1.50%)
ADA: $0.7421 (+2.03%)
WBTC: $114982.27 (+0.82%)
XLM: $0.4023 (+2.26%)
BCH: $569.9 (+1.71%)