💱 Major Crypto Prices
Bitcoin (BTC) is trading around $118,662, up approximately 0.4% on the day.
Ethereum (ETH) sits at approximately $3,864, up 1.2% from the previous close.
🌍 Market Snapshot & Trends
Total crypto market cap stands near $3.95–3.96 trillion, a slight increase or stabilization from recent sessions .
Bitcoin’s recent rally has stalled just under the
$120K level, reflecting ongoing consolidation ahead of a key U.S. Federal Reserve policy decision. Investors are watching closely for rate signals and regulatory cues .
Ethereum is outperforming other major assets, buoyed by continued optimism around ETF inflows and broader institutional interest .
🔥 Altcoins & Other Highlights
XRP recently plunged roughly 10.7% to about $3.18, signaling broader market rotation away from high-flying altcoins .
XRP also experienced a recent surge of 36% to $3.41, though the outlook now favors steady compounding over speculative gains .
Within the Solana ecosystem, the Jupiter token surged about 11% on a new lending product, highlighting renewed utility-driven momentum .
⚠️ Risk & Regulatory Environment
AI-enabled crypto scams have spiked ~456% over the past year, leveraging deepfake voice impersonations and bogus platforms. Global fraud losses exceeded $10.7 billion in 2024—investors are urged to remain extremely cautious .
Meanwhile, Robinhood’s Q2 earnings revealed crypto revenue up 98% to $160 million, yet still below forecasts. Crypto trading volume on its platform rose 32% to $28 billion .
Regulatory momentum continues: the U.S. House cleared procedural hurdles on major crypto legislation including stablecoin and infrastructure bills—marking early federal crypto frameworks .
