Binance Market Update: Crypto Market Trends | August 8, 2025
According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.87T, up by 1.87% over the last 24 hours.Bitcoin (BTC) has been trading between $114,900 and $117,630 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $116,532, up by 1.31%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include ASR, OG, and MAGIC, up by 62%, 43%, and 33%, respectively.Top stories of the day:JPMorgan Expects Three Fed Rate Cuts Starting September 2025, Revises Forecast Forward U.S. Interest Rate Mispricing Raises Concerns Amid Employment Market Shifts BlackRock Plans XRP ETF Application Following Ripple Appeal Resolution Market Sentiment Shifts to Neutral Bullish After SMA-120 Reversal CME Data Indicates High Probability of September Rate Cut Trump Signs Order Allowing Alternative Assets in Retirement Plans SEC and Ripple Labs Lawsuit Concludes with Joint Dismissal Ethereum Dominates Capital Inflows Over Solana as $4K Price Target Nears Bitcoin Energy Value Model Puts Fair BTC Price at $167K, Now 31% Undervalued Bitcoin and Ethereum Approach Breakout Zones Amid Political and Technical Catalysts According to 10X ResearchMarket movers:ETH: $3890.31 (+4.44%)XRP: $3.3194 (+10.49%)BNB: $784.5 (+2.44%)SOL: $175.53 (+3.52%)DOGE: $0.22228 (+7.90%)TRX: $0.338 (-0.35%)ADA: $0.7962 (+7.29%)WBTC: $116457.13 (+1.28%)XLM: $0.4612 (+14.64%)LINK: $19.22 (+13.80%)