After a week of record-breaking highs, the crypto market is experiencing a healthy correction today, with major assets pulling back slightly as traders lock in profits.

Market Snapshot

  • Bitcoin (BTC):$BTC Down 4.4%, now trading at $116,999, after peaking above $123,000 earlier this week.

Ethereum (ETH): $ETH Slipped 1.4% to $2,986, still holding strong amid ETF inflows.

  • Dogecoin (DOGE): $DOGE

    Took the biggest hit among top coins, falling 7.6% to $0.1919.

  • XRP: Holding at $2.87, down 2.11%, but remains the third-largest crypto by market cap.

📉 Why the Dip?

  • Traders are locking in gains after Bitcoin’s all-time high rally.

  • Market sentiment remains in the greed zone, suggesting bullish momentum may resume after consolidation.

  • A dormant “Satoshi-era” whale moved 17,000 BTC

    to Galaxy Digital, sparking speculation and caution.

Political Shake-Up

  • President Trump’s “Crypto Week” hit a snag as the GENIUS Act failed a key vote in the House.

  • The bill aimed to position the U.S. as a global crypto leader but faced resistance from within the GOP over concerns about Central Bank Digital Currencies (CBDCs).

  • Despite the setback, House leaders are pushing for a revised vote later this week.

Global Moves

  • Kazakhstan announced plans to include crypto assets in its national reserves, following models from Norway and the U.S..

  • Institutional interest continues to grow, with Ethereum ETFs seeing over $259 million in inflows on July 14 alone.

Altcoin Highlights

  • Pump.fun (PUMP)

    surged 9.2%, leading the green zone among top 100 coins.

  • Bonk (BONK) followed with an 8.3% gain, showing meme coins still have momentum.

Despite today’s pullback, the market remains optimistic. Institutional inflows, regulatory developments, and global adoption continue to shape the next phase of crypto growth.