Global Trends and Events
Record Inflows into Ethereum ETF: In July, Ethereum ETFs attracted $5.41 billion, significantly driving ETH's growth to the $4,000 mark.
Overall Market Volatility: 92% of leading cryptocurrencies have recorded declines — the overall market has fallen by ~4.8%.
Increase in Institutional Participation in Bitcoin: BTC is trading above $120,000, largely due to the influx of capital from large investors; Bitcoin's reputation as a tool for institutional investments is strengthening.
