📉 Market Overview & Key Drivers
Global Market Cap: Down about 5–5.5% in 24h, dipping below $4 trillion to around $3.97 trillion .
Market Breadth: Roughly 98 of top 100 coins are trading red over the past day .
Bitcoin (BTC)
Price: ~$118,800 (ranging from $117,200 to $119,000) — modest dip (~0.6%) in the past 24h .
Outlook: Consolidating under the $120K resistance; sentiment cautious but resilient amid ETF inflows and institutional buying .
Ethereum (ETH)
Price: ~$3,807–3,820, down ~1–3% day-over-day; holding above critical $3.7K support .
ETF Inflows: Marking 17 straight days of net positive inflows (~$65 million yesterday), highlighting ongoing institutional demand .
Altcoins
XRP: Down ~2.8–4%, trading just above $3; momentum fading after earlier july rally .
Dogecoin: -5–7.7%, trading near $0.23 on heavy sell-off .
Solana (SOL): Down ~3.8–4.7%, currently ~$183–184 .
Cardano (ADA): Down ~3.7–6%, in the ~$0.79 range .
Tron (TRX): One of the few gainers, up ~2.3% to ~$0.3294 .
Conflux (CFX): Surged ~28%, likely short‑term speculation play .
🔔 News That Matters
Massive BTC sale: Galaxy Digital executed a $9 billion BTC sale (≈80,000 coins) with minimal price disruption — a sign of improved institutional infrastructure and maturity .
Public companies loading up on crypto: Firms like CEA Industries and others are raising capital or pivoting to build crypto treasuries, especially BNB or niche tokens, spurring market activity .
Upcoming catalysts:
US Fed interest-rate decision expected tomorrow: Anything unexpected could trigger volatility .
White House crypto policy report—stemming from Trump’s January executive order—is pending release, adding regulatory clarity risk/opportunity .
🧭 Summary View
AssetPrice24‑h ChangeCommentaryBitcoin~$118,800–0.6%Holding under $120K; quiet accumulationEthereum~$3,810–1–3%Stable above support; ETF inflows steadyXRP, SOL, ADA↓–2–7%Broad-based sell‑off among altcoinsTRX / CFX↑+2–28%Outliers in bearish market
The overall crypto landscape is experiencing a short-term pause in bullish momentum, with most assets facing pressure amid regulatory uncertainty, ETF issuance delays, and profit-taking.
Institutional capital (via ETFs, corporate treasuries) continues to support BTC and ETH; spot ETF inflows remain robust.
Upcoming economic/regulatory events may be pivotal in defining if this is a consolidation or start of a deeper decline.