1. A broader regulatory framework supporting the market
The U.S. CFTC has stated it will allow trading of spot cryptocurrency contracts via registered futures exchanges, under the "Project Crypto" initiative in collaboration with the SEC, reducing significant regulatory risks for the sector.
The GENIUS Act and CLARITY Act in the United States provide more regulatory clarity, which has bolstered institutional confidence in assets like ETH and BTC.
2. Increasing institutional interest
Public companies like BitMine have rushed to buy large quantities of ETH, owning more than 833,000 ETH (~$2.9 billion), which supports demand on the Ethereum network.
More than 135 companies hold Bitcoin as part of their financial reserves, with net cash flows reaching $14.4 billion through BTC ETF funds this year.
3. Economic pressures, data, and macroeconomic variables
The U.S. employment report (NFP) for July showed slow growth (around 73,000 jobs), which has reinforced expectations for an interest rate cut in September — a positive sign for high-risk assets like cryptocurrencies.
On the other hand, the threat of new trade tariffs from the United States and a global economic slowdown have raised caution among investors, resulting in temporary selling pressure.
4. Technical and analytical analysis
The market experienced a weekly correction exceeding 5%, with a notable decline in alternative coins (ALTcoins) by ~8%, indicating a significant technical resistance barrier that has yet to be breached to revive the upward trend.
Technically, BTC has moved within a narrow range around $115,700 in recent hours.
5. Divergent performance of altcoins
Ethereum has outperformed Bitcoin over the past month (+54% vs. +10%), supported by ETF trading and regulatory stability, especially after the approval of stablecoins primarily based on the ETH network.
XRP recovers above the psychological support level of $3.00 and is preparing to test extended resistances at $3.30 – $3.60, with several analyses predicting it could reach $5.50 if technical and regulatory momentum is available.
📊 Summary of current trends
Factor Immediate impact
Clearer regulatory frameworks Increased institutional confidence and reduced regulatory risks
Growing institutional investments Strong support for long-term demand for BTC and ETH
Volatile economic data Short-term selling flows, and interest rate cut expectations
Technical and analytical pressure Narrowing price range and paving the way for a new trend
Divergent performance of altcoins Increasing optimism around ETH and XRP, creating opportunities for other currencies
🧠 Analytical summary
Today witnessed a mix of supportive and negative factors:
Regulatory and institutional support is strong and enhances the outlook, especially for major currencies like Ethereum, which is gaining practical support as a DeFi network.
Macroeconomics still poses a short-term threat, with economic and trade risks that could lead to temporary selling pressure.
The technical trend indicates a correction and internal volatility adjustments, but important support levels (such as $100,000 for BTC and $3.00 for ETH and XRP) remain intact.
Notable outperformance of Ethereum and XRP recently, driven by institutional demand and strong technical indicators, compared to relatively moderate performance for BTC.