The cryptocurrency market witnessed notable fluctuations today, driven by shifting institutional dynamics and regulatory anticipation.
đč $BTC saw mild recovery, trading near $118,300, after a recent pullback from its yearly high of $123K.
đč $ETH continues to gain ground â for the first time in over a year, ETH surpassed BTC in spot trading volume, recording $25.7B vs $24.4B, according to on-chain analytics.
đč Altcoins faced downward pressure: $XRP dropped by 3.9%, Solanaï»ż by 2.5%, and Dogecoin lost 4.1% in the last 24 hours.
đč Institutional activity remains strong, with JPMorgan reporting $60 billion in crypto inflows YTD, outpacing private equity.
đč Goldman Sachs and BNY Mellon have partnered to tokenize money market funds, leveraging the regulatory clarity provided by the newly passed GENIUS Act.
đč Meanwhile, newer tokens like Zircuit, Spark, and Sahara AI showed double-digit gains, drawing attention from retail traders.
đ The market is cautiously eyeing July 30, when the White House will release a long-anticipated crypto policy report, which could redefine U.S. regulatory structure for digital assets.
đ Takeaway:
As Ethereum gains transactional dominance and institutional players deepen their engagement, the market prepares for a new phase of regulatory clarity and innovation. Volatility may remain high in the short term, but sentiment remains cautiously optimistic.