📰 Main Events
Ethereum and Bitcoin Fall Amid Overall Market Weakness
Ethereum fell below $3,450 (-5% in 24 hours), while Bitcoin continued to decline due to a general correction in risk assets.
XRP fell sharply by 9%, to support around $2.75, but institutional selling volume was noticeable; recovery was limited to $2.82. Accumulation below $2.80 requires confirmation.
Dogecoin fell by 4%, from support at $0.19-0.20; trading volumes increased, resistance appeared near $0.202-0.203. High volatility remains.
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🌍 Regulatory Initiatives and Institutional Interest
Indonesia is introducing new taxes on crypto trading from August 1: now foreign platforms are subject to a 1% fee (previously 0.2%), domestic transactions - 0.21%. VAT on the purchase of crypto is canceled; the tax on mining increases from 1.1% to 2.2%.
China has not launched a new ban on Bitcoin ownership - recent publications with such claims have not been confirmed, there are no official restrictions.
The EU has MiCA - supervisory rules for crypto assets, fully in force since December 2024. #ProjectCrypto #EthereumTurns10