Macro pressure is causing the cryptocurrency market to see fresh volatility as August progresses due to interest rate uncertainty and expiration options, Bitcoin $BTC fell below $114K and the top 100 assets went into the red as the decline spread throughout the market.

On the other hand, Ethereum is displaying relative strength due to favourable legislative changes like the #GENIUSActP and the SEC's "Project Crypto," $ETH has increased by more than 40% in the last month, despite small retracements and experts focussing on $4,100 as the next resistance zone, cautious optimism is being fuelled by institutional inflows and renewed ETF speculation.

Meanwhile, with some items offering up to 100% APR, meme season is subtly gaining traction both spot and earn products are seeing an increase in activity related to meme tokens, whether it is through community-driven referrals or first-time subscriptions.