The cryptocurrency market witnessed notable fluctuations today, driven by shifting institutional dynamics and regulatory anticipation.
🔹 $BTC saw mild recovery, trading near $118,300, after a recent pullback from its yearly high of $123K.
🔹 $ETH continues to gain ground — for the first time in over a year, ETH surpassed BTC in spot trading volume, recording $25.7B vs $24.4B, according to on-chain analytics.
🔹 Altcoins faced downward pressure: $XRP dropped by 3.9%, Solana by 2.5%, and Dogecoin lost 4.1% in the last 24 hours.
🔹 Institutional activity remains strong, with JPMorgan reporting $60 billion in crypto inflows YTD, outpacing private equity.
🔹 Goldman Sachs and BNY Mellon have partnered to tokenize money market funds, leveraging the regulatory clarity provided by the newly passed GENIUS Act.
🔹 Meanwhile, newer tokens like Zircuit, Spark, and Sahara AI showed double-digit gains, drawing attention from retail traders.
📅 The market is cautiously eyeing July 30, when the White House will release a long-anticipated crypto policy report, which could redefine U.S. regulatory structure for digital assets.
📌 Takeaway:
As Ethereum gains transactional dominance and institutional players deepen their engagement, the market prepares for a new phase of regulatory clarity and innovation. Volatility may remain high in the short term, but sentiment remains cautiously optimistic.
