🌐 Market Overview

The total crypto market cap stands at approximately $3.76–$3.83 trillion, reflecting a daily gain of ~1.6% and a mixed week-over-week performance.

Daily trading volume is near $131–132 billion.

🔍 Price Highlights

Bitcoin (BTC) held steady above the $114,000 mark, up ~0.2% over the past 24 hours (currently ~$114,168), though still down ~3.1% for the week.

Ethereum (ETH) declined around 0.8%, trading near $3,624–$3,655, down about 4% weekly.

XRP has dropped ~4.7%, trading near $2.99, and Solana (SOL) fell ~2–3%, indicating broader weakness in large-cap altcoins.

🧭 Market Drivers & Sentiment

U.S. macroeconomic data remains soft, boosting speculation of a potential Fed rate cut in September. This dovish outlook is supporting cautious optimism in crypto.

Analysts suggest the current slowdown is largely profit‑taking and a liquidity-driven pause, rather than a reversal in fundamentals.

Mike Novogratz notes that the crypto treasury trend has peaked, citing fewer new entrants and more focus on established players like MicroStrategy.

🔔 Major On‑Chain & Regulatory Developments

A smart-money investor increased their short position on ETH to ~60,000 ETH (≈ $213 million), signaling growing bearish sentiment.

The SEC clarified that liquid staking services are not classified as securities, easing regulatory uncertainty in staking and DeFi.

⚡ Emerging Trends & Altcoins

Buzz is building around crypto presales and ICOs, as investors hunt for early-stage projects with high growth potential. These offerings are gaining traction amid broader market uncertainty.

According to experts, interest is shifting beyond Bitcoin and Ethereum to a new crypto asset poised to be “the next big thing.

🤔 What’s Next?

Watch Bitcoin consolidation around $114K—it could signal either stabilization or test lower support.

Monitor the ETH short position and volume in staking products.

Early-stage investments are heating up—presales and ICOs may offer upside if fundamentals hold.

Keep tabs on macro signals