Market developments - The overall market capitalization of cryptocurrencies reached over $4 trillion, driven by increased institutional investments and growing regulatory clarity.<br>- Ethereum surpassed the market capitalization of Mastercard, supported by a 7.3% rise and accumulation from large investors (known as "whales") of about 22%.
Bitcoin dynamics - Bitcoin rose by 1.51% yesterday, reaching $118,599, amid signs of increasing investment support.<br>- Bitcoin is nearing the $120,000 range in August, supported by rising ETF flows and institutional interest—analysts expect it could reach between $116,104 and $130,378.<br>- Analysts point to Bitcoin's price correlation with the Nasdaq 100 index, making it susceptible to similar fluctuations as high-growth tech stocks.<br>- Bitcoin reached its highest price in 10 days, near $118,500, reflecting renewed confidence among investors.<br>- The price broke the $118,000 level again, reinforcing the positive outlook towards a potential new upward wave towards $131,000.
Movements in Ethereum and alternative projects - Ethereum surpassed $4,000, reaching $4,200 as its highest level since December 2021, amid new institutional entries.<br>- Ethereum recorded its highest daily close in 44 months (approximately 3.5 years), indicating strength and confidence in the market.<br>- Alternative currencies like Chainlink and MAGACOIN FINANCE are witnessing momentum ahead of expectations of a strong surge in the fourth quarter of 2025.
Regulatory and judicial issues - The term "Operation Chokepoint" is still being applied, as U.S. banks continue to close accounts for cryptocurrency companies under strict policies.<br>- In a massive fraud case worth $228 million, the Supreme Court of Himachal Pradesh (India) denied bail for the accused, whose case affects over 80,000 investors.
Digital bank initiatives - El Salvador announced its intention to create banks focused solely on Bitcoin, as part of enhancing the integration between the digital currency and the country's financial infrastructure.
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General summary
The global cryptocurrency market is witnessing noticeable activity: strong increases for Bitcoin and Ethereum, significant institutional investment flows, and intense future signals supporting performance.
Regulatory and legal challenges remain, whether through pressures from banks or major fraud cases, creating a volatile environment.
Institutional adoption and new financial technologies are on the rise, as seen in El Salvador and recovering alternative currency movements.
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