Bitcoin ($BTC ) is trading at approximately $118,358, showing a modest gain of about 0.3% intraday, with a daily range between ~$116k and ~$118.6k.
Ethereum ($ETH ) is sideways-positive at around $3,859, up ~1.2%, fluctuating between ~$3,689 and ~$3,860
📉 Key Market Drivers
1. Federal Reserve Stays Put
The Federal Reserve bolstered market sentiment by holding interest rates steady at 4.25–4.50% in its July 30 decision. Bitcoin slipped slightly (~0.1%), while Ethereum saw a mild uptick (~0.4%) following the announcement
2. Trump Administration Advances Crypto Agenda
A White House crypto working group issued a detailed 160-page report calling on regulators to clarify rules and speed adoption across banking, mortgages, retirement, and taxes. Notably, it endorsed decentralized finance (DeFi), stablecoins, and regulatory reforms but did not revisit plans for a strategic U.S. Bitcoin reserve .
3. Institutional Integration & Partnerships
Major moves include a newly announced collaboration between JPMorgan Chase and Coinbase. Starting in fall 2025, Chase credit cardholders will be able to buy crypto directly, convert rewards points to digital assets, and seamlessly link bank accounts to Coinbase wallets .
4. Heightened Volatility & Liquidations
Recent whale activity caused high volatility. A dormant wallet moved roughly 17,000 BTC—valued above $1B—to Galaxy Digital, prompting the conversion of around $236M to exchanges and triggering over $400M in long‑position liquidations. This triggered sharp BTC losses below $117k and dragged major altcoins down (ETH –1.4%, XRP/SOL ~–2%), causing total market cap to drop ~3–4% .
5. Security Concerns on the Rise
In India, a $44M crypto theft from CoinDCX has highlighted vulnerabilities in platform security, increasing regulatory scrutiny globally and reminding investors of ongoing risks in custody infrastructure .
🧭 Where the Market Stands
Metric Status
Market Cap ~$3.9 T, down ~3–4% in 24 hours
Sentiment Mixed—bullish macro headlines offset by sell‑pressure
Institutional Investment Growing via ETF demand, bank partnerships
Regulatory Environment Gaining clarity but still cautious
Risk Factors Whale dumps, macro uncertainty, fraud
🔍 The Road Ahead
Bullish themes:
Regulatory clarity and institutional adoption continue to strengthen.
The Biden report and Genius Act (stablecoin regulation) pave the way for more confidence and capital flows.
Bearish signals:
Whale dump activity may signal further selling pressure.
Macro data like CPI reports and future Fed commentary could weigh on appetite.
Altcoins to watch:
While Bitcoin and Ethereum dominate, analysts are keeping an eye on Cardano ($ADA ) and Remittix ($RTX) for bullish setups. RTX is being touted for its upcoming wallet beta in September and potential 50× growth by end-2025, though such projections remain speculative .
✅ Bottom Line
The crypto market today reflects resilient bullish structure—with institutional support and growing adoption—yet is tempered by volatility triggered by major whale transactions and macroeconomic uncertainty. At these levels, BTC and ETH remain under close watch for whether this pullback is a transition to consolidation or a deeper correction.
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