Bitcoin (BTC) is trading around $117,775, after retesting intraday highs near $119K and lows around $116.9K.
Ethereum (ETH) sits at approximately $4,452, down notably from intraday peaks of around $4,663 and bottoming near $4,380.
Market Moves & Key Drivers
The crypto market is in broad retreatâover 90 of the top 100 coins are in the redâpushing total market capitalization down by roughly 2.4% to around $4.12 trillion.
Bitcoin dropped about 3â3.8%, falling below the $119K mark after rallying to new all-time highs earlier this week.
Ethereum slipped approximately 2â2.6%, dipping briefly under $4,500 before showing signs of recovery.
The drop was triggered by hotter-than-expected U.S. Producer Price Index (PPI) data, which dampened expectations for a September interest rate cut.
This outcome sparked massive liquidationsâestimates suggest over $1 billion in leveraged positions were wiped out during the sell-off.
Price Action: Bitcoin recently surged to an allâtime high above $124âŻ000, reaching a peak around $124âŻ496, before easing back slightly.
Drivers:
Supportive regulatory developments under the Trump administrationâincluding policies enabling 401(k) crypto investments, ETF approvals, and favorable institutional sentiment.
Growing institutional adoption; for instance, crypto-focused firms like Bullish and Circle have generated buzz with their Wall Street listings and IPO activity.
Technical Outlook: Analysts highlight strong bullish momentum, with technical indicators suggesting shortâterm potential for dips toward $120â121K and possible continuation toward $126K.
Ethereum (ETH)
Performance Surge: Ethereum has seen impressive gainsâsurging ~41% over the past month, ~14% just in the last weekâwith a 59% rise over three months.
Potential Leadership Shift: With Ethereumâs rebound and the roll-out of Ethereumâbased ETFs, thereâs growing speculation that ETH may be on track to challenge or even overtake Bitcoin in terms of dominance.
Forecasts: Industry insiders like Michael van de Poppe suggest certain altcoins may see significant growth relative to Ethereum.
Additionally, some forecasts project ETH could reach $6,900â$8,000 by October, and $7,500 in longer-term outlooks.
Broader Market & Industry Momentum IPO Frenzy & Regulatory Tailwinds: Crypto firms are rushing to public marketsâBullish raised over $1.1âŻb in IPO, while Circleâs NYSE debut saw its stock spike from $31 to $153.
Policy Boost: Senate passage of the Genius Act (a new stablecoin regulatory framework) further fuels confidence.
Ecosystem Growth: Other developments include stablecoin network operator lists, and rising activity in altcoins such as Solana, Chainlink, and BNB.
Ethereum is making a notable comeback, trading at just over $4,400, driven by strong institutional accumulation and positive regulatory shifts favoring potential ETF approvals. This rally puts ETH within roughly 9% of its all-time high.
Bitcoin (BTC) Nearing Record Territory
Bitcoin is trading at approximately $119,350, tantalizingly close to its all-time high. A recent executive order paving the way for crypto inclusion in 401(k) retirement plans has injected a wave of institutional demand. Simultaneously, the SECâs âProject Cryptoâ initiative signals a friendlier regulatory environment.
Crypto Hedge Funds Performing Well
Crypto hedge fund Tephra Digital saw a 9% return in July, pushing its year-to-date gains to around 23%. This reflects broader bullish momentum across digital assets.
Bullish (Crypto Exchange) Prepares to Go Public
Crypto exchange Bullishâbacked by major players like Founders Fund, Galaxy Digital, and BlackRockâis initiating its IPO on the NYSE under the ticker BLSH. With Bitcoin near $120,000 and investor enthusiasm high, its valuation is expected at roughly $5 billion.
Investment Outlook: Undervalued Tokens An article published today highlights the importance of spotting undervalued crypto tokens, backed by strong communities and fundamentals, to ride potential future rallies.
Bitcoin surged about 3.6%, trading near $121,988, just shy of its record high, thanks in part to a new executive order allowing crypto in 401(k) retirement plansâa move unlocking access to roughly $8.9 trillion in assets.
Ethereum & Altcoins See Gains
Ethereum rose by 1.6%, Solana gained 1.8%, and XRP climbed 0.7%, boosting broader market enthusiasm.
âCrypto Summerâ Heats Up
A wave of crypto IPOs, led by Bullish (backed by Peter Thiel), is underway, reflecting renewed investor interest. Companies like Galaxy Digital, eToro, Circle, and Kraken are already public or preparing to listâmarking a notable shift toward mainstream acceptance.
Regulatory Tailwinds: The inclusion of crypto in 401(k) plans is a landmark development, signaling regulatory momentum and increased institutional confidence.
Market Sentiment: With Bitcoin nearing its high and altcoins registering gains, bullish sentiment is palpable across digital assets.
Mainstream Entry: The surge of IPOs in the crypto space reinforces the marketâs maturation and legitimacy, suggesting investors are now more comfortable with public crypto investments.
Bitcoin surged past the $117,000 threshold, marking renewed optimism.
Market Dominance: It continues to lead the pack with ~60.18% market share. Investor sentiment remains strong, with projections that BTC may outperform the S&P 500 indefinitely.
Bull Run Outlook: Analysts, including Tuur Demeester, predict the bull run could intensify, with BTC possibly reaching 4Ă to 10Ă its current price.
Ethereum (ETH)
Market Cap Milestone: Ethereum has overtaken Mastercard in market capitalization, reaching approximately $519.48 billion.
Bullish Momentum: ETH has surged +26% recently, while broader altcoins gained +9%, fueling the push toward a $4 trillion overall crypto market cap.
Spotlight on Altcoins: Many altcoins are trading above key moving averages, signaling a strong recovery phase. Some analysts believe current upside risks are underestimated.
Risks Not Ignored: Despite gains, Ethereum has dropped roughly 4% over the past week, raising caution flags for some investors.
Chainlink (LINK)
Chainlinkâs price rose to around $22.46, powered by whale buying activity and a strategic buyback implementation, signaling bullish momentum.
Todayâs crypto market is marked by:
Overall bullish sentiment with strong moves in major cryptocurrenciesâespecially Bitcoin and Ethereum.
Ethereumâs rising prominence, now surpassing Mastercard in market cap.
Positive developments across altcoins and ecosystem tokens.
Technical turning points and speculative optimism, albeit with caution as some assets show recent declines.
BTC remains relatively steady, currently around $116.7K with a minor dip compared to its previous close.
Ethereum (ETH)
ETH is seeing strong momentumâsurging past $4,200, bolstered by significant institutional investment, including a $5âŻbillion stake from Fundamental Global and a repurchase move from BitMEX co-founder Arthur Hayes.
Aerodrome Finance (AERO) posted a standout performance, jumping over 23%, making it the top-performing altcoin today.
Solana (SOL) continues to attract attention, with AI-driven forecasts projecting potential upside toward $275.
Pendle (PENDLE) saw its Total Value Locked (TVL) climb to $8.27 billion, along with a 45% rally in its native token following the launch of yield-trading features.
Structural Market Shifts & Insights
Analysts suggest that a dip in Bitcoin's market dominance (BTC.D) could usher in a full altseason, signaling favorable conditions for altcoin rallies.
A growing pro-decentralization narrative is gaining tractionâhighlighted by voices like @balajis affirming Bitcoinâs triumph over traditional banking systems.
XRP dominance is emerging as a potential indicator for price actionâanalysts are closely watching its dominance chart for potential bull triggers.
Regulatory & Institutional Developments
Ripple (XRP) reached a major milestone: the longârunning SEC lawsuit has been dismissed. The âBad Actorâ label has been lifted, though Ripple will pay a $125 million fine. This clears the path for institutional fundraising via Regulation D.
In China, regulators have instructed brokers to cease promoting stablecoins amid concerns about financial instabilityâa tightening move in contrast to broader global crypto openness.
Bitcoin is trading around $116,800, climbing on the back of renewed investor optimism following a major U.S. policy shiftâan executive order allowing Bitcoin and other cryptocurrencies to be included in 401(k) retirement plans.
Market confidence remains elevated, with Bitcoin hitting an intraday high of $117,596 and dominance approaching 60.7%.
Crypto Fear & Greed Index stands at 66 (Greed), showing sustained bullish sentiment. Around 87% of cryptocurrencies are in the green today.
Ethereum (ETH)
Ethereum continues gaining traction with sustained institutional inflows, particularly via spot ETFs. ETH is trading near $2,755, with key resistance around $2,800.
Experts see Ethereum benefiting from the same retirement plan momentum as Bitcoin, with corporate treasury participation reportedly increasing.
Figmentâs latest report highlights how Ethereumâs expanding role in Web3 and DeFi ecosystems is being institutionalized under the new U.S. regulatory environment.
Altcoins & Other Developments
Altcoins are riding the coattails of the broader market rally:
Solana (SOL) and Chainlink (LINK) are leading mid-cap gains, both up over 5% in the last 24 hours.
Ethereum's market share has climbed to 12.1%, suggesting a slow rotation from Bitcoin into altcoin majors.
Meanwhile, crypto options worth over $5 billion (BTC & ETH) are expiring todayâlikely triggering increased short-term volatility and price swings.
On the regulatory front, Trumpâs Fed nominee, Stephen Miran, is seen as crypto-friendly, potentially reinforcing supportive monetary conditions.
The UKâs Financial Conduct Authority (FCA) reaffirmed its timeline to allow retail investment in crypto ETNs starting October 8, 2025, boosting sentiment in the European crypto market.
Overall, the crypto market is enjoying strong upward momentum today.
$AAVE /USDT Bulls Are Back â Looking at $300 Next
AAVE is going up again. It moved from around $250 and is now trading at $274. Buyers are strong right now and pushed the price higher with good volume. The green candles on the chart show that people are interested and buying more. This is a good sign that the price may keep going up.
If this move continues, the next target could be $300. But to reach that, AAVE needs to stay above $275. If it does, more buyers may jump in. Still, traders should be careful. Use a stop-loss and watch $270 as the main support in case the price pulls back.
Current Price: Around $116,319, with intraday highs near $116,747 and lows dipping to $113,851.
Support & Resistance: Bitcoin is hovering just below a key resistance zone at $115Kâ$115.5K, testing its 50-day moving averageâa sign that the market might be running out of short-term momentum.
Potential Upside: According to trader-led analysis, BTC is retesting a support pattern similar to one observed in late 2024. If upheld, this could pave the way for a fresh 50% rally, taking prices toward the $120Kâ$130K range.
Overall Sentiment: Market dynamics appear fragile, with mixed signals across technical and institutional fronts.
A new $537 million stake pool, named DZSOL, has been launched by DoubleZero, aimed at expanding Solanaâs validator network.
Upexi Inc., a Nasdaq-listed company, secured a $500 million equity line to expand its Solana holdings, signaling strong institutional interest.
Recent articles suggest that Solanaâs price could continue pulling back, with a critical support zone at $175; markets are closely watching if bulls regain control.
The High Cost of Greed: How Crypto MLMs Are Exploiting South Asiaâs Financial Hopes
An adult recently lost over $200,000 in a web of deceptive schemes, including Blove Token, Chainlink clones, Treasure, and others. Fueled by the urge to make fast money, this is just one of many heartbreaking stories across South Asia, where countries like India and Pakistan have become breeding grounds for crypto-based multi-level marketing (MLM) and pyramid schemes.
In recent years, the combination of rising youth unemployment, low financial literacy, and inflationary pressure has created a perfect storm. Desperate to escape financial hardship or achieve âquick wealth,â people fall into projects that look legitimate on the surface but operate on fundamentally unsustainable models. These platforms often offer high daily returns, referral bonuses, and vague promises of "passive income" through new digital tokens or NFTsâwithout any credible whitepaper, regulation, or underlying value.
What makes these scams especially dangerous is the way they leverage celebrities and influencers. MLM operators now hire Bollywood stars, Instagram personalities, and even motivational speakers to give their schemes an air of legitimacy. Flashy launch events, glitzy roadshows, and exaggerated testimonials create a cult-like hype, pushing FOMO (fear of missing out) deep into vulnerable communities.
Unfortunately, greed and desperation often blind people to the red flags. The average investor doesnât realize that most of these companies are designed to collapse, with early entrants benefiting at the expense of new ones. Once recruitment slows, the whole structure crumblesâleaving thousands devastated emotionally and financially.
It's high time people started asking critical questions before investing:
Is this project legally registered and regulated? Does the business model depend on actual utility or just on recruitment? Are the earnings guaranteedâand if so, how are they being generated?
Estimates indicate the U.S. government holds approximately 198,000âŻBTC, derived from seized or forfeited assets, with a total valuation near $17â18 billion. These figures are consistent with data from Arkham Intelligence and Arkham-based reporting.
Bloomberg and other outlets report that this reserve is managed as a long-term strategic asset, often likened to a âdigital Fort Knox.â The reserve is not intended to be sold, and federal agencies are required to submit full asset holdings to the Treasury for consolidation.
A recent FOIA (Freedom of Information Act) release has disclosed updated holdings, revealing that the U.S. Marshals Service currently holds only ~28,988âŻBTC, valued at approximately $3.4 billion as of midâJuly 2025.
Bitcoin is trading above $115,000, buoyed by renewed investor inflows and lessened market uncertainty tied to recent U.S. tariffs.âŻ
Market sentiment is strong: CoinCodex reports total crypto market cap at $3.79âŻtrillion, with Bitcoin dominance nearing 60.5%, a Fear & Greed index showing 62 (Greed), and about 91% of cryptocurrencies up today.âŻ
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.
Figmentâs CEO emphasized how recent U.S. regulatory clarityâincluding the market structure billâis reinforcing Ethereumâs usage and broader adoption.âŻ
Altcoins & Other Developments Ethereumâs market share has climbed above 11.8%, signaling shifting investor interest toward altcoins.âŻ
Crypto treasuries appear to have reached a plateau, according to Galaxy Digitalâs CEO Mike Novogratz, even as the strategy remains influential.âŻ
In regulatory news, the UKâs FCA is allowing retail investment in cryptocurrency ETNsâstarting October 8, 2025âa move hailed as transformative for the UK market.âŻ
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.âŻ
Overall, markets are on a strong footing today, with favorable sentiment, fresh regulatory developments, and growing institutional backing fueling momentum.