Despite recent volatility, the crypto market demonstrates resilience. The overall market capitalization stands at approximately $3.84 trillion, recovering from its dip.
Current State of the Crypto Market
The total market capitalization of the crypto market remains at **$3.84 trillion**, having recovered from a drop to the support zone of **$3.81 trillion**. The RSI is neutral at around **49–53**, and short-term moving averages (MA 9 and MA 21) are converging, indicating potential bullish momentum if Bitcoin stabilizes above **$117,000**.
Top 5 Altcoins to Watch in August 2025
Five altcoins have experienced sharp corrections over the past week, yet their high trading volumes and community-driven projects make them notable candidates for observation:
1. **Pump.fun ($PUMP)** * **7-Day Loss:** -38.07% * **Market Cap:** $994M * **24H Volume:** $448M * $PUMP leads the list, showing the steepest drop but has seen renewed interest.
2. **Tezos ($XTZ)** * **7-Day Loss:** -22.08% * **Market Cap:** $927M * **24H Volume:** $43M * Tezos has hit lows but its strong staking model may help in recovery.
3. **Sonic ($S)** * **7-Day Loss:** -15.46% * **Market Cap:** $964M * **24H Volume:** $63M * Sonic has strong community engagement, indicating a possible recovery.
4. **Virtuals Protocol ($VIRTUAL)** * **7-Day Loss:** -12.53% * **Market Cap:** $1.03B * **24H Volume:** $88M * Virtuals Protocol remains of interest due to recent utility announcements.
5. **Aptos ($APT)** * **7-Day Loss:** -11.61% * **Market Cap:** $3.05B * **24H Volume:** $117M * Aptos continues to hold strong positions despite recent declines.
Dependency on Bitcoin
While all five altcoins show potential for rebound, the market's direction hinges on Bitcoin. If $BTC **remains above $117K** or climbs higher, we may witness waves of altcoin recovery starting in early August. Conversely, if Bitcoin **drops below the $114K–$117K zone**, the listed altcoins may continue to decline.
The state of the crypto market remains stable; however, future dynamics will depend on Bitcoin's performance. Monitoring altcoins with rebound potential will be critical for investors in the upcoming month.
