The situation in the market today, keeping you updated 🫡
📣 Market - sharp decline
The total capitalization of the cryptocurrency market has collapsed by 7%, to around $3.8 trillion.
📣 Bitcoin has fallen to ≈ $115,000 (down ~2.4%), Ethereum is holding the support line around $3650-3700, but is decreasing by ~3.7%, Solana - by ~4.5%.
The pressure has intensified due to new American tariffs.
📣 Meanwhile, Cardone Capital bought 100 BTC amid the decline - strengthening confidence in long-term prospects.
📣 Corporate funds and crypto treasuries of firms are investing $7.8 billion mainly in ETH and altcoins - a massive institutional capital inflow.
🏷 Analytics: is ignoring the decline unwise?
Forecasts for August: analysts see a potential rebound for BTC to $128,800, with a correction to $114,700 in the support zone. Alternatively, even in a weak context, August could become a key month for growth.
🏷 What does this mean?
Today - a correction, but institutions are entering at cheap levels.
🔴 Option expirations, tariffs, macro risks create volatility, but major players are protecting their positions.
🔴 Regulation is moving towards pro-crypto integration, especially in the US and Asia with new taxes.
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