Binance Market Update (2025-07-31)

The global cryptocurrency market cap now stands at $3.87T, down by -1.23% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $115,796 and $118,922 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $118,533, up by 0.32%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include SOPH, ENA, and KERNEL, up by 21%, 18%, and 15%, respectively.

Top stories of the day:

• Phoenix Group Adopts Bitcoin Treasury Strategy, Expands Holdings to 514 BTC in Q2

• NFT Sales Surge in July, Marking Second-Highest Volume of 2025

• Ethereum DApp Activity Poised for Growth Amid Rising Competition

• Bolivia and El Salvador Sign Agreement to Enhance Cryptocurrency Collaboration

• Crypto FOMC Meeting Update: How Fed Policy Could Move Bitcoin and Ethereum Prices?

• Bitcoin FOMC News Update: Bitcoin Weakness Before FOMC Is ‘Derisking,’ Not a Trend Reversal, Here’s What to Watch

• XRP News: XRP Price Risks $3 Breakdown as Ripple Co‑Founder’s $175M Transfer Triggers Sell-Off

• Bitcoin News: Twenty One Capital Eyes Bitcoin-Backed USD Loans, Expands BTC Holdings

• Gold Prices Dip After Strong U.S. ADP Jobs Data, Trading at $3,326

• Altseason News Update: Altseason on Horizon as Liquidity Surges and Regulations Clarify, According to Sygnum Q3 Outlook

• Bitcoin News Today: 7% Dip or $141K Breakout? Bitcoin Speculators Dictate BTC Price Targets

• Bitcoin News: Bitcoin in Limbo? Key BTC Levels to Watch Before the FOMC Rate Decision

• Crypto News: Indonesia Raises Crypto Taxes on Exchanges and Miners, Exempts Buyers From VAT

• Ethereum Whale Wallets Jump 8% as Bitcoin Holdings Decline

• Binance Alpha to List Gaia (GAIA) With Two-Phase Airdrop Event

• Eurozone GDP Surprise May Halt Further ECB Rate Cuts

• Glassnode: Bitcoin’s Long-Term Holder Supply Ratio Drops 11%, Signaling Market Rotation

• Bitcoin News: QCP Capital Warns Bitcoin Range-Bound as USD Short Squeeze Risk Looms

• H100 Group Adds 56.9 BTC to Holdings, Bringing Total to 685.1 BTC

• Nano Labs Invests in BNB Strategic Reserve Company CEA Industries

Market movers:

• ETH: $3862.7 (+1.81%)

• XRP: $3.1674 (+2.01%)

• BNB: $809.85 (+1.25%)

• SOL: $181.84 (+1.21%)

• DOGE: $0.22468 (+1.69%)

• TRX: $0.3257 (-2.37%)

• ADA: $0.7864 (+1.71%)

• WBTC: $118444.08 (+0.45%)

• XLM: $0.4265 (+2.65%)

• SUI: $3.9198 (+4.13%)

Top gainers on Binance:

• SOPH/USDT (+21%)

• ENA/USDT (+18%)

• KERNEL/USDT (+15%)