Bitcoin crossed $64,500 with a daily gain of 3%, while Ethereum escaped the bearish embrace with nearly 5% – its biggest single-day jump in a month. The market found a tailwind after weeks of sideways trading, pushing total crypto market capitalization to approximately $2.16 trillion.
Bitcoin breaks through resistance
BTC rose to $64,611 in the last 24 hours, with a market cap of $1.296 trillion and daily volume of $32.2 billion. Bitcoin dominance stands at 60% – an undisputed heavyweight champion. Currently 48.8% below the all-time high of $126,080, the breakout from the weeks-long $58–62K range feels like a sigh of relief among bulls.
The whole scenario echoes that famous Rocky scene when Balboa gets up from the canvas – bitcoin never quits, no matter how many skeptics write it off. Cumulative volume on BTC spot ETFs has been rising for three consecutive days.
Ethereum awakens from hibernation
Ether jumped 4.72% to $1,879, with a market cap of $226.9 billion and daily volume of $13.8 billion. Ethereum dominance is 10.5% – not much, but the highest in two weeks. ETH remains 62% below its ATH of $4,946, which sounds painful until compared to altcoins trading 90%+ below their peaks.
What particularly excites Ethereum enthusiasts is rising activity on Layer 2 networks. Arbitrum, Optimism, and Base are seeing 15–20% weekly transaction growth, signaling that the DeFi sector is slowly waking from its crypto-winter slumber.
Zcash – the biggest mover
Zcash (ZEC) surged 13.19% to $573, with a market cap of $9.6 billion and volume of $585 million. The rally pushed Zcash into the top 15 cryptocurrencies by market cap, overtaking names like LEO and Stellar.
What is behind this spike? Speculation about a network upgrade and growing interest in private transactions in a world where privacy is becoming a luxury. ZEC is still 82% below its ATH of $3,191, but a 13% green candle does not go unnoticed.
HYPE continues its madness
Hyperliquid (HYPE) added another 7.37% to reach $68.29, with a market cap of $15.2 billion and daily volume of $475 million. This is not mere pump-and-dump territory – something more substantial is brewing. HYPE sits only 10.9% below its ATH of $76.70, making it one of the few projects that have nearly fully recovered from corrections.
Chainlink and altcoin mix
Chainlink (LINK) rose 5.63% to $8.41 with $254 million in volume. Despite being 84% below its ATH of $52.70, the Oracle king holds steady in the top 20. ONDO gained 5.17%, while CC added 4.86%.
Near Protocol (NEAR) and Filecoin (FIL) recorded gains of 4.6% and 4.45%, suggesting a return of interest in infrastructure projects. When Layer 1 and storage projects rise simultaneously, it often signals institutions quietly accumulating positions.
Losers of the day: M, DEXE, and BDX
On the flip side, M coin dropped 16.14% to $1.26 – the biggest loser in the top 100. DEXE lost 9.82%, and BDX fell 8.75%. BCH dipped a negligible 1.06% to $235.
Even in a green market, black sheep emerge – proving that crypto never sleeps and diversification is more than just an empty cliché.
Macro and sentiment
All eyes are on tomorrow Federal Reserve Chair speech, which could shed new light on interest rate policy. Markets are pricing in a 68% chance of a September rate cut according to the CME FedWatch Tool. Crypto traditionally behaves as a risk asset and remains sensitive to Fed signaling – the softer the tone, the better for digital assets.
Total daily volume across the top 30 coins stands at $119.9 billion, above the weekly average. This suggests liquidity is returning to the market after summer lethargy – as if someone started the engine in the middle of July.
Why this matters
The crypto market entered the second half of the year with mixed signals, but today price action shows bulls still have offensive power. BTC broke through the psychological $64,000 barrier, ETH is detaching from $1,800, and altcoins like ZEC and HYPE demonstrate risk appetite is alive and well.
If the trend continues, bitcoin could test $68,000 by the end of the week. Every skeptic would say “watch for correction” – but in crypto, every day brings a surprise, pleasant or otherwise.
📊 Related articles:
➡️ Daily Winners: Derive, Zcash and Hyperliquid lead the green wave
⬇️ Daily Losers: Billions Network, Allora and M in free fall
📊 Related articles:
➡️ Daily Winners: Derive, Zcash and Hyperliquid lead the green wave
⬇️ Daily Losers: Billions Network, Allora and M in free fall