Market Highlight - August 7
Bitcoin (BTC)
Bitcoin is trading above $115,000, buoyed by renewed investor inflows and lessened market uncertainty tied to recent U.S. tariffs.
Market sentiment is strong: CoinCodex reports total crypto market cap at $3.79 trillion, with Bitcoin dominance nearing 60.5%, a Fear & Greed index showing 62 (Greed), and about 91% of cryptocurrencies up today.
Ethereum (ETH)
Ethereum is witnessing broad institutional support, with rising accumulation through spot ETFs and corporate treasuries. Analysts see potential for a breakout if ETH can sustain above $2,643.
Figment’s CEO emphasized how recent U.S. regulatory clarity—including the market structure bill—is reinforcing Ethereum’s usage and broader adoption.
Altcoins & Other Developments
Ethereum’s market share has climbed above 11.8%, signaling shifting investor interest toward altcoins.
Crypto treasuries appear to have reached a plateau, according to Galaxy Digital’s CEO Mike Novogratz, even as the strategy remains influential.
In regulatory news, the UK’s FCA is allowing retail investment in cryptocurrency ETNs—starting October 8, 2025—a move hailed as transformative for the UK market.
Tornado Cash co-founder Roman Storm was found guilty of one felony related to running an unlicensed money business, marking a notable legal development in crypto enforcement.
Overall, markets are on a strong footing today, with favorable sentiment, fresh regulatory developments, and growing institutional backing fueling momentum.
