# Crypto Market Update – August 2, 2025
# Overall Sentiment and Trends
- The global crypto market is under pressure today, with most major coins experiencing notable declines.
- The total crypto market cap stands at around $2.36 trillion, with a 24-hour trading volume up by roughly 10% at $66.32 billion, indicating heightened activity amid price drops.
- Market sentiment has shifted from greed to caution, as measured by the Fear and Greed Index, which dropped to 55 today.
# Key Movements
- Bitcoin (BTC):
- Price: $113,855.48 (approx. ₹9,880,237.98 in India).
- 24-hr Change: Down about 3%.
- Ethereum (ETH):
- Price: Approx. $3,160 (₹316,498 in India).
- 24-hr Change: Down around 6%.
- Solana (SOL):
- Price: Significant drop around 5%.
- Several major alt-coins (XRP, ADA, DOGE, etc.) are also in the red, with typical declines between 4-10% for the day.
- Notably, some technical traders see potential for a rebound in select assets after hitting oversold levels[8].
#Market Drivers
- Analysts point to macroeconomic risk-off sentiment globally, triggered in part by new US tariffs and ongoing regulatory uncertainty, fueling short-term selling.
- Large holders and institutional players are reportedly de-risking portfolios, and some high-profile sales—such as Arthur Hayes unloading $13M in ETH and other alt coins—have amplified concerns.
- The ongoing launch of new exchanges (like Gate US) and expanding retail access haven't yet shifted the prevailing cautious mood among investors[8].
# Advice for Investors
- Community discussion on platforms like Reddit today urges caution and reiterates the need for robust security practices and careful risk management in volatile conditions.
- Scams and pump-and-dump groups remain active—be extra vigilant.
#Snapshot: Major Coins & 24hr Change (INR)
| Coin | Price | 24hr Change |
|---------|-------------|---------------|
| Bitcoin | ₹9,880,238 | -3% |
| Ethereum| ₹316,498 | -6% |
| XRP | ₹87.93 | +0.39% |
| Solana | ₹67,210 | -4.71% |
| Cardano | ₹62.75 | -8.51% |
Representative selection, many alt-coins posted higher intraday losses of 5–12%.
Current momentum favors short-term caution, as volatility remains elevated and downside pressure persists. Traders are advised to monitor closely for stabilization or reversal signals before making significant moves.