BitMart's Research Weekly Highlights: crypto market cap up 9.43% to $4.06T.
The crypto market cap has experienced a significant increase, rising by 9.43% to reach $4.06 trillion, according to BitMart's latest research. This growth is largely attributed to robust institutional buying and the expanding stablecoin market.
Bitcoin (BTC) and Ethereum (ETH) saw a technical pullback last week, with BTC falling below $112,000 and ETH dipping under $3,400. Despite this price correction, institutional investors continued to accumulate both cryptocurrencies. Publicly listed companies bought over 31,000 BTC, worth $3.61 billion, while new whale wallets acquired over 225,000 ETH, valued at $819 million, during the dip [2].
Institutional buying is a significant driver of market growth. SharpLink Gaming, for instance, added 83,561 ETH last week, bringing its reserves to 522,000 ETH. Additionally, Strategy acquired 21,021 BTC ($2.46 billion) in July, contributing to the 26,700 BTC added by large entities throughout the month [1].
The stablecoin market also continues to grow, with Ethena’s USDe becoming the third-largest stablecoin by market cap. USDe surged 75% since mid-July, reaching $9.5 billion, likely driven by yields ranging from 10%–19% [1]. The total stablecoin market cap is nearing $275 billion, marking its seventh consecutive month of growth [1].
The crypto market remains stable within a $3.6–$3.8 trillion range as traders shift focus to micro-cap tokens. Bitcoin’s frequent testing of its 50-day moving average indicates market fatigue, despite institutional accumulation. BTC is currently holding steady around $114,570, while ETH sits at $3,650 as of the Asian morning hours on Thursday [1].
The market may only be experiencing a pause before entering its next phase of price discovery. Analysts like “oinonen_t” believe that BTC will touch $200,000 by the end of the year, setting the stage for a potential Q4 rally [2].
References:
[1] https://www.coindesk.com/markets/2025/08/07/crypto-market-cap-halts-at-usd3-7t-as-traders-rotate-out-institutions-double-down-on-btc-eth
[2] https://coinedition.com/weekly-crypto-market-analysis-institutional-buying-dip/
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