- Market Commentary: BTC price slightly decreased by 0.91% over the past 24 hours, dropping from about $119,399.80 to $118,321.00, with trading volume remaining active. Technical analysis shows BTC prices fluctuating near the 50-day moving average, with RSI close to 60, indicating neutral market momentum with a slight bullish bias. ETH price fell by approximately 2.47% in the last 24 hours, from $3,875 to $3,779. Technical analysis indicates the current price is above the 10-day SMA, with a 14-day RSI of about 79.8, suggesting the market is still in overbought condition.
- Top Tokens: SQD, NMD, and KTA have shown impressive performance in the past 24 hours. SQD's price increase is mainly attributed to its listing on mainstream exchanges, which has increased its market liquidity and trading activity. NMD's price rise is primarily due to its upcoming listing on several cryptocurrency exchanges, which will enhance its market liquidity and trading activity. KTA's price surge is mainly due to technical breakthroughs, on-chain accumulation, and bullish community sentiment.
- Alpha Insight: Payment giant PayPal announced the launch of the "Pay with Crypto" feature, providing services to merchants through instant conversion between cryptocurrencies and stablecoins or fiat currencies. The feature supports transactions from various Web3 wallets, including MetaMask. Financial technology giant FIS announced a partnership with stablecoin issuer Circle to provide USDC stablecoin payment capabilities to U.S. financial institutions through FIS's Money Movement Hub. The CryptoPunks NFT collection saw trading volume exceed $24.6 million last week, reaching its highest level since March 2024, a 416% increase from the previous week.
- Gate Launchpool: Gate platform is currently conducting a subscription event for Delabs Games (DELABS). Users can receive a total of 17,000,000 DELABS airdrops for free by staking ETH, USDT, or DELABS before August 10, 2025, at 3:00 (UTC). Delabs Games is the world's most scalable Web3 gaming platform, offering top mid-core games supported by classic IPs.
Discover more details today → PayPal Launches ‘Pay with Crypto’ | CryptoPunks Trading Volume Hits New High in Nearly a Year | Gate Research
Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.
Disclaimer
Investing in the cryptocurrency market involves high risk. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not liable for any losses or damages resulting from such investment activities.
Gate Team
July 29, 2025
**Gateway to Crypto**
Trade over 4,600 cryptocurrencies safely, quickly, and easily on Gate
**Take Action Now**
Sign up and claim up to $10,000 in welcome rewards
Invite friends and earn a 40% commission
**Stay Connected**
Visit Gate's official website
Download the Gate App | Desktop
Follow us on X (Twitter) to get more bonuses
Join our Telegram community to discuss trending topics
Engage with our global community for the latest insights
**Transparency & Security**
Check our 100% Proof of Reserves
