Crypto Market Overview: BTC Hovers above $64,000, ETH Holds $1,800, Pi Network Surges 15% as Pump. fun Rebounds

Frank bevah
Frank bevah

Frank bevah

Market Analyst
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Crypto Market Overview: BTC Hovers above $64,000, ETH Holds $1,800, Pi Network Surges 15% as Pump. fun Rebounds
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Highlights

  • Crypto market remains stable as Bitcoin holds firmly above $64,000.
  • Pi Network extends gains ahead of its Protocol v25 upgrade.
  • Pump.fun rebounds strongly while Ethereum consolidates and XRP faces pressure.

The crypto market overview for Monday shows cautious stability as Bitcoin price remains above $64,000. Ethereum price holds near $1,882, while XRP price struggles below the $1.10 resistance level.

Pi Network leads the market with a 15% jump. Pump.fun also extends its rebound. Traders are watching geopolitical tensions and the Federal Reserve meeting scheduled for July 28 and July 29 later this month.

Crypto Market Stabilizes as Bitcoin Holds Above $64k Level

The wider crypto market is still pegged at around $2.2 trillion, which is indicative of minimal activity in the digital assets.

The Crypto Fear and Greed Index of CoinMarketCap is 34, indicating a cautious attitude even after recent recoveries. Bitcoin price traded around $64,927 on Monday after gaining 1.45% during the previous seven days.

Crypto Market Overview: BTC Hovers above $64,000, ETH Holds $1,800, Pi Network Surges 15% as Pump. fun Rebounds
Source: CMC data

The leading cryptocurrency is testing a bullish breakout near the $64,200 support zone. A sustained hold above $64,200 could help buyers challenge the $65,000 resistance level as per the detailed Bitcoin price analysis.

Nevertheless, a decisive drop below that level might push the Bitcoin further down, and leave it vulnerable to $60,000.

The renewed military tensions between the United States and Iran further raised market uncertainty. Investors will pay attention to the Federal Reserve meeting on July 28 and July 29.

The rate decision of the central bank may affect the liquidity expectations, risk appetite, and prices of the cryptocurrencies in the various markets.

Ethereum Price Consolidates Near $1,882 While XRP Faces Pressure

Ethereum price was trading at $1,882 on Monday following a 4% increase over the past week. The ETH continues moving sideways between support near $1,820 and resistance at $1,940.

The breakout of above $1,940 may reinforce momentum and motivate buyers to seek new levels. Conversely, a drop below $1,820 may expose Ethereum to further selling pressure during the week.

Crypto Market Overview: BTC Hovers above $64,000, ETH Holds $1,800, Pi Network Surges 15% as Pump. fun Rebounds
Source: Tradingview

XRP price is also in the weak position, and its upside has been repeatedly limited below the resistance level of $1.10. Its technical structure is weakening with the token approaching major support at $1.00.

Any recovery above $1.10 would be required to boost sentiment and rekindle short-term momentum.

Pi Network Extends Rally Ahead of Protocol v25 Upgrade

Pi Network price gained more than 15% on Monday, extending its rebound for a fourth consecutive session.

The rally followed a 207% increase in daily trading volume to $40.47 million. That steep growth implies a new speculative buzz and increased purchasing dynamics around the PI token.

Investors are preparing for the Protocol v25 upgrade, due July 22. The update will replace older Protocol v19 standards with newer features designed to improve network performance.

Pump.fun Rebounds 20% as PUMP Climbs to Two-Month High

Pump.fun traded near $0.0020 on Monday after gaining 20% during the previous session. The PUMP token has gained over 35% in the last one week, which favors the positive short-term perspective.

Its price soared to a two-month high when crypto trader Ansem announced the new position in the token. The rally started on Sunday when PUMP rose by about $0.0016 to $0.0019.

A viral meme coin as well as more attention was paid to the Solana launchpad and enhanced platform activity.

Trader 0xbf73 made a 10x long trade on $1.53 million worth of 764.14 million PUMP, which was funded by $115,000 worth of SOL purchased by Ansem (@blknoiz06).

Nevertheless, additional returns might be pegged on the fact that Bitcoin is not going to drop and wider risk appetite is going to increase in the crypto markets.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Frequently Asked Questions (FAQs)

1. Why is the Federal Reserve meeting important for crypto?

The Federal Reserve meets on July 28 and July 29. Its interest-rate decision could affect liquidity, sentiment, and cryptocurrency demand.

2. What is driving the Pump.fun rebound?

PUMP gained 20% and reached a two-month high after Ansem disclosed a position. Viral meme coin activity also supported demand.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

BTC

Bitcoin

$64,248.6789 0.2% (24h)

24 Hours volume

$18.12B

Market Cap

$1.29T

Max Supply

21M

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About Author
About Author
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.