📈 Crypto Market Overview/Pulse!
Bitcoin (BTC): Hovering around $109K — modest gains of ~0.9% earlier today, though prices dipped slightly (~0.4%) due to tariff worries and the pause in MicroStrategy's BTC buys .
Ethereum (ETH): Up ~2–3% in recent sessions (trading near $2.6K), showing resilience despite wider market dips .
Altcoins:
Solana (SOL): +1%–2% range, with noteworthy net inflows outpacing ETH in recent weeks .
XRP: Slight dip (~1–2%) amid USD tariff jitters .
BNB: Trading around $661, slight decline (~0.4%) .
Small-caps/memes: Mixed room—Shiba Inu (“SHIB”) has faced red days, floki and others fluctuating .
Total Market Cap: ~$3.36 T, mostly flat with mild volatility—mixed daily movements, but trading volumes and on-chain volatility remain subdued .
🗞️ Key Drivers
Tariff headline risk: President Trump warning about potential U.S. tariffs from August 1 (25–40%) weighed on risk assets, including crypto; still, the pullback remains modest .
MicroStrategy pauses BTC buys: Their first weekly halt since April added a headwind to sentiment .
**Crypto policy momentum:**
Trump Media filed with the SEC for a "Crypto Blue Chip ETF" (70% BTC, 15% ETH, plus SOL, XRP, CRO) .
U.S. lawmakers are preparing for “Crypto Week” with hearings on bills like the CLARITY Act, stablecoin frameworks, and anti–CBDC measures .
Big money moves:
A dormant 2011 Bitcoin wallet moved ~$8.6B in BTC — likely internal repositioning — sparking speculation .
Crypto hedge fund resilience:
Funds like Tephra Digital and Edge Capital posted positive returns despite volatility .
Rise of tokenized treasuries:
$7.4B being diverted into tokenized U.S. Treasury instruments—helping diversify from stablecoins .
Trump Tariff Effect:
Short-term jitters: Bitcoin slid ~0.7–1.0% into the low $108K range; Ethereum and others slipped modestly .
Despite volatility, analysts believe this is a temporary headwind, with potential for recovery once the tariffs take effect or are paused.
