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🚨 Crypto Market Update • August 2, 2025
📉 Global Overview
Total market cap dropped ~1.9% to $3.7 trillion in the past 24 hours, signaling broad risk-off sentiment.
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🟡 Bitcoin (BTC)
Current price range: ~$113K–114K (down ~1.4–3%).
Analysts expect potential rally to $123,000+ in August, though short-term volatility remains.
Institutional demand is picking up quietly, even amid liquidations of ~$600–700M.
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🔵 Ethereum (ETH)
Price hovering near $3,505–3,620, reflecting a 4.5–6% weekly drop.
Key support/resistance band lies between $2,737–$4,904, with RSI signaling overbought conditions (~66).
Ethereum continues outperforming BTC over the past month and may lead altcoin momentum.
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🐶 Dogecoin (DOGE)
Trading near $0.20, testing $0.213–$0.189 critical support zone.
Failure to hold this zone may lead to a decline toward $0.14–$0.12, breaking bullish structure.
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🌟 Altcoins & Hidden Gems
ZORA has surged 748% over five weeks, now around $0.071—if upward momentum continues, it could retest its ATH above $0.105.
Other notable low-cap tokens like XPR (60% gain, consolidating near $0.0048) and TEL (82% spike, trading near $0.0048) are attracting attention
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