🔍 Crypto Market Wrap – August 1–2, 2025

🪙 Macro & Bitcoin/BTC

• Bitcoin (BTC) is trading near $115K, down ~2–3% today, as fresh U.S. tariffs and macro pressures shake market confidence. It continues to trade within a broad $117K–$123K range .

• Ethereum (ETH) is underperforming BTC for now (–4–5%) but still bullish on fundamentals. Regulatory clarity and spot ETH ETFs are fueling longer-term optimism  .

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📉 Altcoins & Midcaps

• The broader altcoin market has dropped 7–8% over 24 hours, with mid- and microcaps down 23–33% in recent panic rotation .

• Bitcoin dominance fell below 60%, signaling rising capital rotation into altcoins with strong use-cases .

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🧭 Technical & Sentiment Outlook

• Sentiment remains neutral-to-greedy (Fear & Greed Index ~75), despite the dip — implying a deeper pullback is probable before true recovery .

• U.S. Fed remains cautious; no rate cuts expected soon. Traders remain price-sensitive to upcoming Jackson Hole speech and economic cues .

• Liquidations exploded, wiping out $700M+ in positions in under 24 hours — mainly leveraged longs on BTC/ETH and alts .

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🔧 Institutional & Regulatory Developments

• Stablecoin legislation (GENIUS Act) and spot ETF inflows for ETH continue to support the fundamental narrative .

• U.S. strategic initiatives—like the Digital Asset Reserve—indicate increasing government involvement in crypto asset policymaking .