Crypto Market Update — July 29, 2026
Top Story
Bitcoin and Ethereum both posted modest gains over the last 24 hours, with BTC rising 1.37% to $64,430.43 and ETH climbing 1.74% to $1,918.76. The moves kept the market's largest assets bid despite broad weakness across mid-cap and smaller tokens. Trading volume remained robust: BTC hit $23.63B and ETH reached $18.77B, signaling steady institutional participation rather than a thin squeeze.
The broader market showed a clear rotation into large caps and select altcoins. XRP outperformed the majors with a 2.51% gain on $1.73B volume, while Cardano added 4.93% on $432.88M volume. This pattern reflects a risk-on bias toward established names, even as several mid-cap tokens sold off hard.
Institutional flows painted a mixed picture. Bitcoin ETFs saw $49.7M in net outflows on July 28, extending a 30-day deficit to $2.30B. Ethereum ETFs, by contrast, attracted $9.4M in inflows, with a 7-day total of $124.90M. The divergence suggests institutional buyers are rotating away from BTC and into ETH and alternative assets.
The Fear & Greed Index sat at 28 (Fear territory), down 6 points over the week. Bitcoin open interest rose 6.56% over 30 days to $47.99B, while Ethereum open interest climbed 21.92% to $26.81B. Funding rates remained tame across major coins, with no signs of crowded leverage yet.
Major Price Moves
Market Overview
Bitcoin held the top spot at $64,430.43, up 1.37% on $23.63B volume. Ethereum followed at $1,918.76, up 1.74% on $18.77B volume. Both coins traded above their 50-day moving averages, though only 29 of the top 100 coins by market cap held the same position, signaling weakness in the broader market.
Top 10 Gainers
| Coin (symbol + name) | Price | 24h % | 24h Volume | |
|---|---|---|---|---|
| Ferret (The SpaceX Ferret) | $0.0006459 | 504.97% | $5.27M | |
| JIMOTHY (Jimothy The Raccoon) | $0.01045 | 68.97% | $11.46M | |
| META (MetaDAO) | $6.6668 | 62.64% | $5.31M | |
| ON (Orochi Network) | $0.2908 | 42.37% | $51.02M | |
| BEAT (Audiera) | $3.6164 | 32.92% | $39.90M | |
| BTW (Bitway) | $0.1075 | 31.43% | $22.34M | |
| EUL (Euler) | $1.8038 | 20.46% | $89.30M | |
| SN53 (EfficientFrontier) | $5.8447 | 19.27% | $5.53M | |
| UB (Unibase) | $0.1418 | 17.76% | $18.87M | |
| ZIL (Zilliqa) | $0.002735 | 16.12% | $86.58M |
Top 10 Losers
| Coin (symbol + name) | Price | 24h % | 24h Volume | |
|---|---|---|---|---|
| DEXE (DeXe) | $2.8756 | -11.40% | $183.18M | |
| BOB (BOB / Build on Bitcoin) | $0.003925 | -11.65% | $1.95M | |
| MIM (Magic Internet Money) | $0.1563 | -109.76% | $248.85 | |
| PUMP (Pump.fun) | $0.001864 | -9.83% | $86.97M | |
| ZRO (LayerZero) | $0.7988 | -8.73% | $34.87M | |
| NIGHT (Midnight) | $0.01778 | -8.08% | $14.61M | |
| WLD (Worldcoin) | $0.3038 | -6.18% | $143.94M | |
| EIGEN (EigenCloud) | $0.1893 | -5.80% | $15.67M | |
| LDO (Lido DAO) | $0.3648 | -5.73% | $45.63M | |
| BTSE (BTSE Token) | $0.8080 | -5.68% | $7.23M |
Top 20 by Market Cap
| Rank | Coin (symbol + name) | Price | 24h % | Market Cap | 24h Volume | |
|---|---|---|---|---|---|---|
| 1 | BTC (Bitcoin) | $64,430.43 | 1.37% | $1.29T | $23.63B | |
| 2 | ETH (Ethereum) | $1,918.76 | 1.74% | $231.56B | $18.77B | |
| 3 | USDT (Tether) | $0.9987 | -0.02% | $183.80B | $42.26B | |
| 4 | BNB (BNB) | $571.20 | 0.63% | $76.06B | $373.11M | |
| 5 | USDC (USDC) | $0.9998 | — | $72.20B | $12.64B | |
| 6 | XRP (XRP) | $1.0875 | 2.51% | $68.00B | $1.73B | |
| 7 | SOL (Solana) | $74.03 | 0.85% | $42.91B | $2.85B | |
| 8 | TRX (TRON) | $0.3258 | 0.28% | $30.92B | $255.52M | |
| 9 | STETH (Lido Staked Ether) | $1,916.35 | 1.67% | $17.93B | $9.48M | |
| 10 | HYPE (Hyperliquid) | $55.35 | -0.32% | $12.31B | $404.59M | |
| 11 | DOGE (Dogecoin) | $0.07072 | 0.74% | $10.98B | $758.79M | |
| 12 | WSTETH (Wrapped stETH) | $2,377.84 | 1.60% | $8.73B | $3.22M | |
| 13 | ZEC (Zcash) | $467.12 | -0.85% | $7.84B | $645.20M | |
| 14 | WBTC (Wrapped Bitcoin) | $64,337.90 | 1.27% | $7.47B | $96.84M | |
| 15 | WBETH (Wrapped Beacon ETH) | $2,112.25 | 1.61% | $7.11B | $881.40K | |
| 16 | AUDM (Mento Australian Dollar) | $0.6954 | -0.30% | $6.82B | $19.13K | |
| 17 | WBT (WhiteBIT Coin) | $56.31 | 1.01% | $6.64B | $30.64M | |
| 18 | XMR (Monero) | $350.51 | 1.79% | $6.58B | $53.73M | |
| 19 | LINK (Chainlink) | $8.4224 | 0.60% | $6.30B | $264.68M | |
| 20 | CBBTC (Coinbase Wrapped BTC) | $64,355.91 | 1.29% | $6.22B | $385.35M |
Market Capitalization Overview
The top 10 cryptocurrencies by market cap show Bitcoin's overwhelming dominance. BTC at $1.29T dwarfs Ethereum at $231.56B, with stablecoins USDT and USDC combining for $255.80B in the third and fifth positions. Layer-1 platforms BNB, XRP, and SOL round out the top tier, reflecting the market's focus on blockchain infrastructure and payment rails.
Bitcoin Dominance
Bitcoin commands 63.98% of the top-10 market cap, reinforcing its position as the dominant cryptocurrency. Ethereum holds 11.48%, while stablecoins combined represent 12.68%. The remaining 12.86% is split among BNB, XRP, SOL, TRX, STETH, and HYPE. This concentration underscores Bitcoin's outsized influence on overall market movements.
Other Key Events
Morgan Stanley Launches Ethereum and Solana ETFs
Morgan Stanley launched spot exchange-traded products for Ethereum and Solana on July 28–29, charging a 0.14% fee and including staking rewards. The products rank among the lowest-cost ETH and SOL funds available in the United States. Ethereum rose roughly 2% intraday after the announcement, signaling institutional appetite for regulated exposure to the second-largest cryptocurrency. The launch expands Morgan Stanley's crypto offering beyond Bitcoin and gives retirement-account investors direct access to two major digital assets.
Zcash Activates Ironwood Upgrade After Orchard Vulnerability
Zcash activated its Ironwood network upgrade at block 3,428,143 on July 28, sealing the Orchard shielded pool and introducing a new formally verified shielded pool. The upgrade addresses a previously identified vulnerability in Orchard's zero-knowledge circuit and routes existing shielded funds through a new security framework. The move halts new deposits into Orchard, protecting the $1.7 billion in private funds held in the pool. ZEC traded at $467.12, down 0.85% on the day, as the market digested the security-focused upgrade.
Crypto Exploits Reach Record Pace in H1 2026
A report cited by FXStreet documented 212 confirmed crypto exploits during the first half of 2026, marking a record pace for the sector. The figure highlights continuing risks across protocols, bridges, exchanges, and decentralized applications. While no single new exploit occurred during July 28–29, the report provides broader security context as markets focus on institutional products and major network upgrades.
In Brief
- Euler (EUL) surges 20.46% on Upbit KRW listing: South Korea's Upbit added EUL to its Korean won market on July 26, giving the token direct fiat access. The listing reportedly drove a 91.11% rally earlier in the month, with $212M in 24-hour volume.
- Orochi Network (ON) gains 42.37% on zkDatabase buzz: Short-squeeze activity and renewed interest in Orochi's verifiable-data infrastructure drove the move. No confirmed discrete announcement was identified.
- DeXe (DEXE) crashes 11.40% on staking-contract exploit fallout: A July 21 exploit in DEXE's staking smart contract enabled unlimited token minting and drained liquidity pools. The incident triggered an 80–87% collapse and mass liquidations.
- Hyperliquid (HYPE) faces July 30 unstaking overhang: Approximately 3.3 million HYPE tokens are scheduled to unstake on July 30, worth $197.5M. A faulty SK Hynix price print on Hyperliquid's perpetual market also caused $57.4M in liquidations across 960 long accounts on July 28.
- U.S. crypto legislation delayed: The Senate shelved the CLARITY Act on July 28 while prioritizing a Russia sanctions bill, reducing the likelihood of a vote before the August recess. The delay removes a near-term policy catalyst for institutional crypto demand.
What to Watch
- Bitcoin ETF flows on July 29: BTC funds recorded $49.7M in outflows on July 28. Another daily outflow near $50M would confirm institutional de-risking rather than a one-off flush.
- Bitcoin support at $64,000: BTC needs to hold above $64,000 after a 1.37% daily gain. A break below that level would weaken the current bid and signal broader weakness.
- Ethereum resistance at $1,950: ETH is back near $1,920. Watch whether it can extend above $1,950 after a 1.74% move, or if $1,900 holds as support.
- XRP momentum at $1.0875: XRP's 2.51% gain came on $1.73B volume. Follow whether it can keep pace with BTC and ETH over the next 24 hours or if it fades.
- Hyperliquid unstaking on July 30: Monitor whether HYPE's 3.3M token unstaking event triggers fresh selling pressure or if the market absorbs the supply without incident.