1. Key Metrics
The total value of the digital-asset market hovers near USD 3.95 trillion, roughly 3 percent lower than yesterday. Bitcoin’s share of total market capitalisation is close to 60 percent, while 24-hour trading volume remains around USD 170 billion. The market’s Fear-and-Greed Index stays in the Greed zone, averaging 70–75, signalling continued appetite for risk.
2. Macro-Backdrop & Regulation
- At its 30 July meeting, the US Federal Reserve left the policy rate unchanged in the 4.25–4.50 percent range; markets read the decision as neutral and do not expect material policy shifts in August.
- The GENIUS Act has now taken effect, imposing full-reserve backing and monthly public reporting for US-dollar stablecoins. The first disclosures are due within 30 days and could reshape liquidity flows among major dollar-pegged tokens.
3. Performance of Leading Assets
Bitcoin (BTC)
BTC trades near USD 118 000 and has moved within a narrow intraday band of roughly ±1 percent. Technically, the key range sits between 110 000 and 120 000. A sustained break above 125 000 could open a path toward 140 000, whereas a move below 115 000 would raise the probability of a pullback to the 110 000 area.
Ethereum (ETH)
ETH consolidates around USD 3 850. Ongoing net inflows into spot ETFs underpin the uptrend; a daily close above 3 900 would set the stage for a test of the 4 100–4 200 region.
BNB
BNB is steady near USD 800 but shows relative weakness amid a decline in total value locked (TVL) on the BNB Smart Chain. Immediate support lies at 720 and 650; resistance stands at 840.
Solana (SOL)
SOL fluctuates near USD 180 with moderate volatility. Indicators suggest room for a dip toward 170 if volumes fade, while renewed network activity would be needed to reclaim upside momentum.
Cardano (ADA)
ADA trades just below USD 0.80. Market expectations point to an expansion toward the 0.95–1.00 range in August, conditional on favourable updates to the ecosystem’s roadmap.
4. Near-Term Catalysts
- US Macroeconomic Data – Today’s release of the PCE inflation index could influence Fed-rate expectations and inject short-term volatility.
- Stablecoin Reserve Disclosures – Initial reports required under the GENIUS Act will allow investors to gauge the quality of backing for USDT, USDC and similar tokens.
- ETF Flows – Continued net inflows into spot Bitcoin and Ethereum funds remain the main barometer of institutional demand.
The market retains a cautiously bullish bias: Bitcoin is holding above USD 115 000, Ethereum is stabilising near USD 3 800, while major altcoins print mixed performance. Over the next few weeks, traders will focus on US inflation data, the first GENIUS-compliant stablecoin reports, and the pace of ETF inflows.
Disclaimer: This commentary is provided for information purposes only and does not constitute investment advice. All investing involves risk; portfolio decisions remain solely the responsibility of the reader.
