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The crypto market held steady on Monday, August 4, as investors bought the recent dip and as Bitcoin formed the highly bullish break-and-retest pattern after falling to support at $112,000.
Bitcoin (BTC) price jumped to $114,300, up from the weekend low of $112,000. This rebound triggered gains among some altcoins, with $MYX Finance ($MYX), Treasure (MAGIC), and Stellar ($XLM) being some of the top crypto gainers today.
$MYX Finance token rises ahead of V2 launch
$MYX was the top gainer in crypto today as it jumped by 131%, pushing its market cap to over $36 million. It soared to $0.2945, its highest level since March 16.
The main reason $MYX price jumped is that its perpetual trading platform is performing well. Data shows that its volume reached over $9.07 billion in the last 30 days and $285 million in the last 24 hours. Its monthly volume surged to a record high in July.
The $MYX token also rose as traders anticipate the V2 launch, which will redefine on-chain trading. While details of the V2 launch have not been released, potential upgrades include a matching pool mechanism, zero slippage, and chain abstraction.
#$MYX will keep building — just like @BNBCHAIN does
— $MYX.Finance (@$MYX_Finance) August 3, 2025
Because humans don’t stop eating, and we don’t stop shipping 🍽️🚧
$MYX V2 is coming
An opportunity to redefine on-chain trading as we know it. 🚀 https://t.co/OIOtLJAp1X
Treasure price jumps as exchange balances drop
Treasure was another top crypto gainer today, jumping by 15% to its highest point since April 30. MAGIC has climbed 235% from its lowest point this year.
The Treasure token rose as on-chain data showed that supply on exchanges dropped to 164 million, down from 193 million in July. Falling exchange balances are a sign that investors are not selling but moving their tokens off exchanges.
Stellar jumps as the falling wedge activates, and stablecoin supply jumps
Stellar Lumens token jumped to $0.4100 on Monday, up 15% from its lowest level during the weekend. The rally occurred as stablecoin supply in its ecosystem climbed to over $652 million for the first time ever and the total value locked in its DeFi network rose to over $142 million.
$XLM price surged after completing a falling wedge pattern. This pattern forms when two descending and converging trendlines signal a potential bullish breakout as the lines near convergence.
The falling wedge followed a prior $XLM price surge, indicating it may be part of a bullish pennant pattern. Therefore, a bullish breakout could see it retest last month’s high of $0.5183.
Other top crypto gainers today
Some of the other top crypto gainers today were Spark, which jumped by 35%, MemeCore, MMX, and Momofun. On the other hand, the top laggards were Toncoin, Uranus, and Ani Grok Companion.