1. Global Market Conditions
Crypto market capitalization is now down about 5–6%, from a peak above $4 trillion to around **$3.7 trillion**.
Total 24-hour trading volume has significantly decreased to around **$118–137 billion**, depending on the data source.
Bitcoin continues to dominate the market with ~61%, while Ethereum is around **7–11%**.
💵 2. Key Price Movements
Bitcoin (BTC) recorded a moderate decline, trading in the range of $113,000 today after correcting from $114–$115 thousand.
Ethereum (ETH) is also moving down, trading around $3,444 after falling to $3,371, hitting resistance in the $3,950–4,390 area.
BNB is down about 3%, trading near $743.
💥 3. Factors Pressuring the Market Today
**$614.8 million in long position liquidations** in the last 24 hours, with BTC and ETH being the most affected (over 147,000 traders impacted).
Global macro concerns such as trade tariff issues and disappointing US labor data are triggering a risk reflux across financial markets.
🏛️ 4. Regulatory Issues & Policies
Indonesia has implemented a crypto tax revision since August 1, 2025: local crypto trading is taxed at 0.21% (up from 0.1%), while overseas trading is taxed at 1%, and VAT for mining rises to 2.2%.
The US is undergoing a crypto policy transformation:
The Crypto Project by SEC Chair Paul Atkins promotes transparency, asset definition, and the integration of DeFi into the traditional financial system.
The GENIUS Act, a stablecoin legislation, requires 1:1 reserves, regular audits, and dual federal-state oversight.
💼 5. Industry Sentiment & Opportunities
Despite the correction, there are indications that institutional investors are entering the market: Bitcoin & Ethereum ETF filings are increasing and large institutions are expanding their crypto exposure.
Some altcoins like XRP, XLM, SUI, SEI, and new tokens like Remittix (RTX) are considered attractive by analysts as drivers of further growth, although some come from press releases.
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✅ Conclusion
Today, the crypto market is experiencing a price correction and volatility is increasing, triggered by weak macro conditions and automatic selling pressure. However, there is institutional optimism in the medium term through regulatory developments and ETFs that could serve as positive catalysts.