Bitcoin (BTC) is trading around $114,000, showing a modest gain of 0.2%—though still down about 3% over the past week .
Analysts note that Ethereum (ETH) is off around 0.8%, XRP down nearly 4.7%, and Solana sliding approximately 2% amid overall cautious sentiment .
The broader cryptocurrency market cap has dropped roughly 2–5%, reflecting a chill in August performance and profit-taking behavior .
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🏛️ Macro & Regulatory Trends
Investor optimism is rising as the probability of a U.S. Federal Reserve rate cut in September nears 92–94%, fueling renewed enthusiasm in crypto markets .
In the U.S., recent policy shifts include passage of the GENIUS Act, which enforces strict reserve and audit requirements for stablecoins, and ongoing deliberation over the Responsible Financial Innovation Act and Clarity Act, aimed at clarifying asset classifications and oversight roles of S$BTC