The global cryptocurrency market started the week on a cautious note. The total crypto market cap slipped to around $3.94\u00a0trillion<\/strong> and daily trading volume eased to roughly $480.37\u00a0billion<\/strong> as bears dominated the session. Roughly seven out of ten cryptocurrencies recorded losses during the day and bitcoin\u2019s dominance remained near 57\u00a0%<\/strong>, showing that traders are still focused on the large\u2011cap coins. In India, sentiment was also shaped by news from the U.S. Federal Reserve\u2019s Jackson\u00a0Hole symposium, where policymakers hinted at a potential rate cut later this year. This brief speech caused a spike in volatility, pulling bitcoin below \u20b99.3\u00a0million<\/strong> (~$112,000). Altcoins, especially those tied to decentralized finance and layer\u20111 platforms, continued to attract selective buying interest despite the broad pull\u2011back.<\/p>\n\n\n\n The best\u2011performing altcoins were largely mid\u2011cap tokens tied to decentralised applications, gaming and Chinese blockchain projects. The table below shows the top movers and brief explanations for their gains.<\/p>\n\n\n\n Profit\u2011taking in high\u2011flyers and concerns about token unlocks pushed several tokens lower. The biggest decliners were projects that had recently rallied or faced negative news.<\/p>\n\n\n\n Global factors:<\/strong> The retreat in bitcoin and the broader crypto market was mainly driven by several external pressures. Large mining firms moved more than 12 000 BTC to exchanges, creating selling pressure and leading to more than $238 million of long liquidations. Technically, bitcoin\u2019s drop below $113,378 triggered a wave of stop\u2011loss orders. In addition, U.S. spot bitcoin ETFs saw about $1.5 billion<\/strong> of outflows last week, signalling cooling institutional demand. The U.S. Federal Reserve\u2019s hint at a rate cut later this year added to volatility by strengthening the U.S. dollar and dampening risk\u2011asset appetite.<\/p>\n\n\n\n Local factors:<\/strong> While there were no major regulatory announcements in India, investor interest focused on tokens linked to AI and gaming. The Xterio (XTER)<\/strong> token, for instance, surged over 200 % on the South Korean exchange Bithumb due to heavy trading volumes and spill\u2011over demand into related gaming coins. Indian traders also watched news around tax guidelines; no changes were announced, which kept domestic flows muted.<\/p>\n\n\n\n CoinGecko\u2019s trending search list for India highlighted several tokens that drew high search interest and social\u2011media chatter:<\/p>\n\n\n\nBitcoin<\/a> & Ethereum<\/a> price movement<\/h2>\n\n\n\n
Metric<\/strong><\/th> Bitcoin (BTC)<\/strong><\/th> Ethereum (ETH)<\/strong><\/th><\/tr><\/thead> Price (approx. in INR)<\/strong><\/td> \u20b994,55,000<\/td> \u20b93,61,000<\/td><\/tr> Price (approx. in USD)<\/strong><\/td> $113,000<\/td> $4,265<\/td><\/tr> 24\u2011h % change<\/strong><\/td> \u20131.44 %<\/td> \u20131.0 %<\/td><\/tr> 24\u2011h high<\/strong><\/td> \u20b99.44 M (\u2248 $113.65 K)<\/td> \u20b9394 K (\u2248 $4,798)<\/td><\/tr> 24\u2011h low<\/strong><\/td> \u20b99.29 M (\u2248 $111.71 K)<\/td> \u20b9379 K (\u2248 $4,617)<\/td><\/tr> Sentiment<\/strong><\/td> Bearish<\/strong> \u2013 Bitcoin fell after failing to hold above \u20b99.4 million. Volatility increased following the Jackson Hole speech and technical selling. Support lies near \u20b99.25 million while resistance sits around \u20b99.6 million.<\/td> Cautiously bullish<\/strong> \u2013 Ether dipped slightly but remains in an up\u2011trend with weekly gains. Layer\u20112 upgrades and anticipation of the next staking update continue to underpin demand.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Key market indices<\/h3>\n\n\n\n
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Top gainers (altcoins)<\/h2>\n\n\n\n
Altcoin<\/th> 24\u2011h change<\/th> Comment<\/th><\/tr><\/thead> Qtum (QTUM)<\/strong><\/td> +30.77 %<\/strong><\/td> Big gains as traders priced in upcoming smart\u2011contract enhancements and renewed interest from Chinese retail investors.<\/td><\/tr> NEO<\/strong><\/td> +15.97 %<\/strong><\/td> Benefited from speculation around its N3 ecosystem expansion and partnerships in Asia, prompting strong volumes.<\/td><\/tr> Zebec Network (ZBCN)<\/strong><\/td> +7.69 %<\/strong><\/td> Payments protocol rallied due to reports of a record transaction milestone and integration with major wallets.<\/td><\/tr> Gas (GAS)<\/strong><\/td> +6.88 %<\/strong><\/td> GAS, the utility token for the NEO blockchain, tracked NEO higher as staking yields improved.<\/td><\/tr> VeChain (VET)<\/strong><\/td> +5.10 %<\/strong><\/td> Logistics\u2011focused token rose after securing a supply\u2011chain deal with a European conglomerate, boosting confidence in real\u2011world adoption.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Top losers (altcoins)<\/h2>\n\n\n\n
Altcoin<\/th> 24\u2011h change<\/th> Reason for decline<\/th><\/tr><\/thead> Berachain (BERA)<\/strong><\/td> \u20139.33 %<\/strong><\/td> DeFi token retreated after a sharp run\u2011up; investors booked profits ahead of a scheduled token unlock.<\/td><\/tr> Mantle (MNT)<\/strong><\/td> \u20137.40 %<\/strong><\/td> Layer\u20112 network fell as developer activity slowed and liquidity rotated to other scaling solutions.<\/td><\/tr> Pudgy Penguins (PENGU)<\/strong><\/td> \u20138.07 %<\/strong><\/td> NFT\u2011focused token slumped on thin volumes following a meme\u2011coin\u2013driven rally earlier in the week.<\/td><\/tr> Pump.fun (PUMP)<\/strong><\/td> \u20136.83 %<\/strong><\/td> Meme coin lost momentum as social\u2011media hype faded and day\u2011traders locked in gains.<\/td><\/tr> UNUS SED LEO (LEO)<\/strong><\/td> \u20136.72 %<\/strong><\/td> Exchange token drifted lower amid concerns over declining trading volumes on its parent platform.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Local and global cues<\/h2>\n\n\n\n
Key coins to watch & trending in India today<\/h2>\n\n\n\n
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Crypto updates & notable events<\/h2>\n\n\n\n
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Crypto outlook for tomorrow<\/h2>\n\n\n\n