Crypto Market Today – 7 August 2025 | BTC, ETH & Altcoin Update

Crypto Market Today – 7 August 2025

🚀 BTC: $28,880 ▼1.1% | ETH: $1,820 ▲0.3% | Global Market Cap: $1.19T ▼0.8%

📊 Market Overview

The crypto market on 7 August 2025 is witnessing slight bearish pressure. Bitcoin struggles to hold above the $29,000 mark, while Ethereum remains resilient. Altcoins are trading in mixed directions with low volume across major exchanges.

🪙 Bitcoin (BTC) Price Analysis

BTC is hovering around $28,880, facing resistance at $29,200. Bears are active near this level, and a break below $28,600 could signal further downside. The 50-day EMA is acting as a dynamic resistance.

📈 Ethereum (ETH) Update

ETH is trading at $1,820 with signs of consolidation. It remains above the key support of $1,780. If buyers step in, we might see a test of $1,850 in the next 24 hours.

🔥 Top Performing Altcoins

• Toncoin (TON): $7.22 ▲3.4%
• Solana (SOL): $23.40 ▼1.1%
• XRP: $0.616 ▼0.6%
• Starknet (STRK): $0.76 ▲2.1%
• Pepe Coin (PEPE): $0.00000128 ▲4.2%

🧠 Expert Insights

“Market volatility remains low as traders await macroeconomic signals. Watch Bitcoin’s weekly close and altcoin support zones closely,” says crypto analyst Rakesh Sharma.

📰 Crypto News Highlights

• 🔐 Coinbase announces integration with LayerZero for multi-chain transfers.
• 🇸🇬 Singapore’s MAS finalizes stablecoin regulations, boosting institutional confidence.
• 📊 Grayscale pushes for Ethereum ETF approval amidst SEC silence.

🔮 Market Prediction (Short-Term)

- BTC likely to remain in range-bound movement between $28,600–$29,400
- ETH could test $1,850 resistance
- Altcoins like TON and PEPE might outperform if momentum continues

📌 Final Thoughts

The crypto market remains indecisive as Bitcoin fails to break out of its resistance. Ethereum shows strength, while meme coins like PEPE are gaining attention. Stay updated and manage your risk wisely.

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