📊 Binance Market Update: Crypto Market Trends – August 2, 2025

The global crypto market cap stands at ~$3.69 trillion, down nearly 2% in the past 24 hours, as sentiment turns bearish with the index plunging from 59% to 27.8%.

🔹 Bitcoin ($BTC )

BTC trades near $113,700, down 1.4% in 24h. Key support zones lie at $112K, $109.5K, and $107.5K, while resistance is between $114.5K–$116.4K. Analysts warn BTC must hold above $113.6K to avoid further downside.

🔹 Ethereum ($ETH )

ETH fell to $3,450–$3,500, losing ~5%. Major supports are $3,339–$3,354, with resistance around $3,605–$3,715. Despite recent ETF outflows and a $708M liquidation event, ETH continues to attract institutional inflows, driven by Black Rock, Fidelity, and Grayscale ETFs, with cumulative spot ETF volume surpassing $123B.

🔹 Altcoins

Mid‑cap tokens like Bonk, Fartcoin, and Virtuals Protocol slumped 20–30%, while MAGIC, IDEX, and FIS posted gains up to +43%. Accumulation trends are emerging for OP, RNDR, and LINK, tied to Layer‑2, AI, and oracle narratives.

🔹 Macro & Regulation

Weak U.S. job data, Trump’s new tariffs, and summer seasonality weighed on crypto. However, markets are pricing in a potential Fed rate cut in September. Meanwhile, the GENIUS Act is boosting optimism for stablecoins, with major firms like Walmart and Amazon exploring corporate launches.

📌 Outlook

Volatility remains high as BTC dominance stalls and ETH gains relative strength. Traders should track key support/resistance zones, ETF flows, and institutional activity. While August historically brings weaker returns, growing institutional adoption and regulatory clarity could provide long‑term support.

Disclaimer: This content is for informational purposes only and is not financial advice.

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