Bitcoin (BTC) is trading near $115,000 after a week of volatility, recently declining about 0.7%. Market analysts attribute the pullback from record highs above $124,000 to macroeconomic concerns, including anticipation over U.S. Federal Reserve policy statements at the Jackson Hole Economic Symposium.
The correction triggered significant long liquidations, totaling over $500 million and marking a notable weekly drop for Bitcoin.
Ethereum (ETH) saw modest gains, up about 0.8% and trading above $4,750. Ethereum’s market dominance remains robust as it benefits from renewed DeFi activity and a surge in total DeFi value locked.
Major Altcoins and DeFi:
Aave (AAVE) surged nearly 20% in 24 hours, driven by its historic expansion to the Aptos blockchain.
XRP briefly hit ~$3.10, its highest in five years before a minor pullback. Its trading volumes and on-chain settlement indicators suggest increasing institutional interest.
Solana (SOL) and Dogecoin (DOGE) each posted double-digit rallies, with DOGE attracting speculation linked to new SpaceX satellite launches.
Maker (MKR) also extended gains on announcements of a planned token supply reduction.
NFT Market: After months of pause, NFT trading rebounded strongly in July 2025, with total sales up nearly 50%. Ethereum led the NFT revival, especially after a major CryptoPunks collection purchase sparked renewed interest.
Regulation & Institutional Moves:
Major governments released new crypto-focused regulatory frameworks.
Wall Street and large financial institutions have increased digital asset exposure.
The US SEC hosted its first major roundtable on cryptocurrency regulations, coinciding with proposals for a regulatory overhaul.
BlackRock introduced its first Bitcoin exchange-traded product in Europe, signaling further mainstream acceptance.
Security & Market Risks:
Recent days saw headline-making hacks and an uptick in security incidents.
A crypto firm founder recently pleaded guilty to market manipulation charges in the US.
FTX-related tokens exhibited speculative volatility on rumors of asset recoveries.
Upcoming Launches:
"Bitcoin Swift" (BTC3), a project promising Proof-of-Yield (PoY) rewards and AI-powered DeFi, announced an early launch set for August 30.
