The total crypto market cap has plunged by over 3.2% in the past 24 hours, currently standing at $3.65 trillion. The drop marks a sharp continuation of the downtrend that began in late July. Almost every major altcoin is flashing red, with Bitcoin ($BTC) and Ethereum ($ETH) dragging the market lower, and several altcoins following suit with deeper losses.
Outlook: If $3.65T breaks further, the next major support lies near $3.54T. Upside recovery will only start once $3.72T is reclaimed and held.
Bitcoin’s 4H chart paints a similarly bearish picture:
Outlook: If BTC doesn’t reclaim $116K soon, the next support rests around $111K–$112K. Only a strong close above $118.6K can reestablish bullish control.
From the latest data snapshot, here’s how the top 10 non-stablecoin cryptos are performing:
| Rank | Name | Price | 24h % | 7d % | Market Cap |
|---|---|---|---|---|---|
| 1 | Bitcoin | $115,654.77 | -2.44% | -0.64% | $2.3T |
| 2 | Ethereum | $3,657.06 | -4.60% | -1.68% | $441B |
| 3 | XRP | $2.99 | -4.41% | -4.32% | $177B |
| 5 | BNB | $772.62 | -3.16% | -0.21% | $107B |
| 6 | Solana | $169.25 | -5.55% | -6.64% | $91B |
| 8 | Dogecoin | $0.2078 | -5.93% | -10.30% | $31.2B |
| 9 | TRON | $0.3273 | -0.15% | +4.00% | $31B |
| 10 | Cardano | $0.7292 | -6.19% | -10.46% | $25.8B |
The market is clearly risk-off. Bitcoin must reclaim $116K–$118K to reverse sentiment. RSI on major assets is deeply oversold, so a technical bounce could occur — but the trend remains down. Altcoins are more vulnerable, especially those with high volatility like ADA and DOGE.
$BTC, $ETH, $XRP, $BNB, $SOL, $DOGE, $TRX, $ADA
