Cryptocurrency News Live: Bitcoin, Ethereum & Altcoin Updates

August 2, 2025 – The cryptocurrency market is presenting a complex and volatile picture today. While market leaders like Bitcoin and Ethereum are experiencing a pullback, trading volumes are surging across the board, and a select group of altcoins are posting explosive gains. Welcome to your live digest of the latest <>.

The overall market sentiment is one of caution, as major assets see red. However, the significant increase in trading activity suggests that investors are highly engaged, possibly repositioning portfolios or buying the dip. Let’s break down the key movements.

Market Leaders Face Headwinds

The two titans of the crypto world are navigating choppy waters, with both seeing price declines over the past 24 hours despite a noticeable spike in trading volume, indicating a period of intense market activity and selling pressure.

Bitcoin (BTC) Dips Below $114,000

Bitcoin, the market’s bellwether, has seen its price retreat. After trading above $115,700, BTC has corrected by approximately 1.8-2% over the last 24 hours.

• Current Price: ~$113,455
• Market Cap: ~$2.26 Trillion
• 24H Price Change: -1.94%
• 24H Volume: $91.7 Billion (a 37% increase)
• 24H Range: $113,163 – $116,354

The sharp increase in volume amidst a price drop points to significant selling activity. However, for long-term holders, the price remains substantially higher than its 1-year low of around $48,974.

Ethereum (ETH) Corrects to sub-$3,500 Levels

Ethereum is following a similar trend, with an even steeper decline over the past day. The leading smart contract platform has dropped nearly 3-5%.

• Current Price: ~$3,485
• Market Cap: ~$427 Billion
• 24H Price Change: -5.08%
• 24H Volume: $45.7 Billion (a 44% increase)
• 24H Range: $3,471 – $3,729

Like Bitcoin, the surge in Ethereum’s trading volume underscores the heightened state of activity as traders react to the price movement.

The Altcoin Arena: A Tale of Two Markets

While major caps are down, the altcoin market is where the real drama is unfolding. Most top altcoins are mirroring Bitcoin’s downturn, but a few outliers are defying the trend with spectacular gains.

Top Gainers Steal the Show

In a sea of red, these altcoins are providing a powerful counter-narrative, showcasing the potential for massive, decoupled gains.

The staggering 270% surge of Army of Fortune Gem (AFG) makes it the undeniable top performer, reminding investors of the high-risk, high-reward nature of the altcoin space.

Meme Coins Down but Not Out

The meme coin sector, known for its volatility, is seeing price corrections. However, the trading volumes tell a story of continued, fervent interest from the retail community.

• Dogecoin (DOGE): Trading around $0.20, DOGE is down ~2.84%. Yet, its 24-hour trading volume has skyrocketed by over 92% to $3.23 billion.
• Shiba Inu (SHIB): SHIB is also down about 2.94%, but its trading volume has surged by a massive 81%. It remains a highly popular asset among investors.
• Pepe (PEPE): The frog-themed coin has dropped ~2.79%, but its trading volume is up 51%, demonstrating sustained speculative interest.

Major Altcoins Feel the Pressure

Leading Layer-1 and DeFi tokens are not immune to the market-wide dip, with most experiencing price decreases alongside significant volume spikes.

• Solana (SOL): Currently trading at $160.63, SOL has seen a -5.24% drop. Its 24H volume is up 52% to $7.94 billion.
• Cardano (ADA): Priced at $0.70, ADA is down -2.85% with a 48% increase in trading volume.
• Avalanche (AVAX): AVAX is trading at $21.24, a -3.87% decrease, while its volume has jumped by 55%.
• Chainlink (LINK): The oracle network’s token is down over 9% to $16.53, but its trading volume has surged by 40%.

What Does This All Mean?

Today’s market action paints a picture of widespread de-risking from major cryptocurrencies, leading to price drops for Bitcoin, Ethereum, and most large-cap altcoins. The consistent theme is the dramatic surge in trading volume, which suggests a major reshuffling is underway. This could be driven by a mix of panic selling, profit-taking, and investors looking for new opportunities.

The explosive growth of outlier altcoins like AFG shows that speculative capital is still very active, seeking outsized returns in smaller, less-correlated assets. As the market leaders consolidate, the focus may temporarily shift to these high-beta plays. Investors should proceed with caution, as this level of volatility can lead to rapid changes in market direction.

Stay tuned for more updates as the market continues to evolve.