📊 Key Trends
1. Bitcoin and Ethereum
Bitcoin is trading around $108,000‑$109,000 – after a sharp rise slightly above $109,400 last week, it is now pulling back, holding below the $109K level amid a strengthening US dollar and declining trading volumes.
Ethereum has stabilized around $2,550‑$2,580, showing moderate growth (+1‑2%) and eyeing a breakout above $2,600.
2. Trading Volumes and Volatility
The overall cryptocurrency market is showing declining volumes — spot and futures markets are at their lowest level in a year: $5 billion and $31 billion respectively.
This is a classic "summer slump" — a decrease in activity after the July hype.
3. What is Driving the Market Right Now
The US SEC reminded about new rules and guidance for cryptocurrency ETF listings — this is a positive signal for the emergence of ETFs not only on Bitcoin/ETH but also on Solana, XRP, and meme coins.
Whales actively entered the market last week: large players bought significant volumes of BTC and Ethereum, which partially explains the recent price jumps.
4. Altcoins and Meme Coins
Dogecoin increased by about +5% and is trading at around $0.17, making it one of the leaders in growth today.
Solana (+2%) and XRP (+1.7–2.8%) are also showing potential.