• Bitcoin trades within the range of $115,000 to $120,000, approaching its all-time highs as market capitalization reaches $3.63 trillion
• Powell kept interest rates unchanged in July 2025, adopting a monetary policy tolerant of cryptocurrencies
• The Ethereum ETF saw high inflows reaching a 19-day peak on July 31, reflecting increased institutional confidence
• Despite a 27% increase in attacks on cryptocurrencies ($142 million stolen in July), market sentiment remains positive
Evolution of the regulatory environment
• The Trump administration approved an important regulatory framework for stablecoins, providing clarity to the market
• The Central Bank Digital Currency (CBDC) bill continues to progress in the House of Representatives and is viewed positively by decentralized finance advocates
• The White House report (on July 30) explicitly urged regulators to 'promote the growth of cryptocurrencies'
• The GENIUS and CLARITY bills aim to simplify compliance requirements for participants from traditional financial institutions
Insights on trading strategies
• Key technical support levels: $112,000 and $100,000; resistance at $121,000 and $130,000
• Signs indicate that Ethereum may outperform based on institutional flow patterns
• Binance Futures launches a contract on the ALL Composite Index backed by USDS (August 6) with leverage of up to 75x
• Traders must balance optimism with security risks through proper risk management
Practical steps
• Consider taking strategic positions ahead of a potential breakout at the $121,000 level for Bitcoin
• Monitor regulatory developments to determine impacts specific to altcoins
• Implement strict security protocols due to the increase in incidents in July
• Assess diversification in the portfolio through new index products while remaining vigilant
