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The cryptocurrency market has suffered a big reversal this week, making experts wonder which is the best crypto to buy now. While Bitcoin price has experienced a slight pullback, other major cryptos have also seen corrections.
Tota crypto market cap chart. Source: Coingecko
The correction is driven by numerous factors, including the unwinding of leveraged bullish positions, institutional liquidations, and broader macroeconomic uncertainties that have led traders and investors to adopt risk-averse behavior.
With cascading liquidations, the massive exit queue of validators from Ethereum’s staking system has created fear among investors. Approximately, $2.34 billion worth of ETH is currently awaiting unstaking through the validator and investors’ exit queue, which hit an 18-month high on Wednesday.
Earlier in January 2024, a similar spike in the exit queue occurred, resulting in a 15% drop in the ETH price during the second half of the month.
🚨 INDEX for #AltcoinSeason is at 39.
In the last two altcoin seasons, we saw similar corrections. If we take the average of those two, we should correct to 35 and then reverse course.$ETH $SOL $GHX $SUPER $CPOOL $PROPS pic.twitter.com/xcxEkI5nL7
— Crypto Dives (@MakroDives) July 24, 2025
However, most analysts are calling this correction a healthy pullback after the recent rally, which moved cryptos more than 50% from their breakout level. Some experts believe this is the ideal opportunity to scan for the best crypto to buy now and add at lower prices.
Bitcoin Drops Below $116,500 Support: Dip Buying Opportunity
With an intraday drop of nearly 2% over the last 24 hours, the Bitcoin price has fallen below its local support level of $116,500. On July 14th, BTC reached a new all-time high of $123,231. Since then, it has experienced profit booking, which has led to a 6.3% price pullback.
Image Courtesy: TradingView
With today’s drop, the Bitcoin price has also fallen below the 20-day moving average, which serves as a strong support level during pullbacks. Currently, the Bitcoin price is trading at $115,400. If the selling continues, it could find support near the $114,000 crucial level.
However, despite broader market weakness, Bitcoin has shown relative strength with a shallow pullback. Its higher relative strength compared to altcoins shows that institutional exposure is strong and the asset is being considered a safe haven during market corrections.
Ethereum Price Showing Strength Despite Validator Exit Surge
Despite a massive sell-off build-up on the validator exit queue, Ethereum remains the strongest amongst the top 10 cryptocurrencies. Since the breakout on July 9th, ETH has surged nearly 45%, reaching a new 7-month high and approaching its all-time high.
Image Courtesy: TradingView
While other major cryptocurrencies, such as XRP and Solana, have fallen by over 15%, the Ethereum price has pulled back by just 8% from its recent highs. At the time of writing, it is trading around the $3,600 level, with strong support from the 10-day moving average.
This strong momentum suggests that while some validators are exiting, others are entering the staking system; this rebalancing has created a net unstaking amount of only 255,000 ETH. The exit news has not affected the Ethereum price in any way, which suggests that it’s not a significant concern for ETH.
However, despite both Bitcoin and Ethereum showing strength, many investors are searching for more affordable opportunities. These market leaders have a large market size, which limits the upside potential.
One low-cap project leveraging Bitcoin is drawing significant attention from investors – Bitcoin Hyper. This project is upgrading BTC’s institutional capabilities and is already being described as one of the best crypto to buy now.
Bitcoin Hyper Presale Gains Momentum Despite Broader Market Weakness
While altcoins are suffering sharp declines, many expert investors are focused on emerging themes with strong potential for outsized returns.
Bitcoin Hyper (HYPER), a new layer-2 project on Bitcoin, is gaining massive traction with its revolutionary technology changing BTC’s long-standing problems.
Bitcoin has long been a safe haven for crypto investors with top standards, decentralization, and security. However, it has been primarily used for storing wealth and not as a DeFi ecosystem due to technical difficulties, including low speed, high costs, and scalability issues.
Bitcoin Hyper is changing this with an effective and efficient solution. Despite building a system from scratch, it uses Solana’s Virtual Machine (SVM) to bring smart contracts and lightning-fast transactions directly into the Bitcoin ecosystem.
Now, billions of dollars worth of trading and DeFi could flourish on the $2 trillion liquidity of the Bitcoin network.
Bitcoin Hyper’s presale has already raised $4.8 million, and its native token, $HYPER, has become a new phenomenon in the market. Priced at just $0.0124 in the current presale phase, Bitcoin Hyper is offering a golden opportunity to a new era for Bitcoin.
