On Monday, August 4, the global cryptocurrency market experienced a notable rebound, reaching a cap of $3.75 trillion. Leading this resurgence, Bitcoin (BTC) successfully retested the pivotal $115,000 resistance level, offering renewed optimism to investors. This upward momentum was significantly influenced by a remarkable 33% surge in Memecore (M), positioning it as the top performer among the top 100 cryptocurrencies by market capitalization.
The broader market recovery comes after a period of relatively stable, sideways movement, with several key indicators suggesting a mixed but increasingly stabilizing sentiment among traders and investors.
Bitcoin Retests $115k, Ethereum At $3.6k, Memecore Outperforms Elite Cryptos!
Bitcoin’s successful retest of the $115,000 mark indicates a promising trajectory for the leading cryptocurrency. Data from CoinMarketCap reveals that Bitcoin’s market capitalization stands at approximately $2.285 trillion, holding a dominant 60.8797% share of the market. Current trading prices reflect about a 7% dip from its all-time high (ATH) of $123,091.61, indicating a strong potential for recovery.
In a similar bullish turn, Ethereum’s price rose above the $3,600 mark, showcasing an impressive 5.5% increase within just 24 hours. This uptick boosted Ethereum’s dominance to 11.7349%, with its market share reaching around $440.919 billion, solidifying its position as the leading altcoin in a recovering market.
Memecore (M) Leads Market with 33% Daily Gains
Emerging as the standout performer, Memecore (M) is a newly launched Layer 1 blockchain that has captured market attention through its impressive 33% price increase over the last 24 hours. This surge establishes Memecore as the best-performing crypto asset within the top 100, captivating investors looking for opportunities in meme-based ecosystems.
Despite its rally, Memecore faced a slight contraction in daily trading volume, dropping 33.83% to a market share of approximately $868.38 million, possibly reflecting profit-taking or consolidation among traders.
Trending Cryptos Today
Top Gainers And Losers Today
| Gainers | Losers |
| MemeCore (M): +33.45% | Toncoin (TON): -6.91% |
| Mantle (MNT): +21.47% | Story (IP): -4.25% |
| Uniswap (UNI): +9.12% | Conflux (CFX): -2.72% |
Crypto Marketcap Overview
The overall crypto market continues to show resilience, currently standing at $3.75 trillion despite a slight decrease of approximately 1% in intraday trading volume to $126.14 billion. The market has exhibited mixed price action in the past 24 hours, emphasizing the volatility typical of cryptocurrency trading.
The Fear & Greed Index remains at a neutral level of 52, indicating a balanced sentiment among traders—neither excessively fearful nor overly greedy. Meanwhile, the Altcoin Season Index has reached a score of 43, suggesting a cautious yet optimistic outlook for altcoins in the near term.
Interestingly, within the last 24 hours, a total of 74,513 traders faced liquidation from the crypto market, amounting to an overall liquidation value of $187.94 million. Notably, the largest single liquidation order—the value of which reached a staggering $13 million—was executed on the Bybit exchange for the BTC/USD pair, highlighting the inherent risks in the trading environment.
Also Read: Bitcoin Could Hit $140K in 2025, Says Elliott Wave Analyst