Market Dynamics

Bitcoin (BTC): Price around $116,580, down 0.27% in 24 hours, support level at $117,000-$118,000, monitoring U.S. CPI data.

Ethereum (ETH): Price around $4,258, up 5.83% in 24 hours, approaching 2021 high of $4,878.

Total Market Capitalization: $4.06 trillion, BTC dominance at 58-60%, altcoins diverging.

Policies and Institutions

United States: CFTC launches 'Crypto Sprint Program', SEC cooperating to promote regulatory transparency.

El Salvador: Through the Investment Banking Law, institutions can hold BTC, aiming to build a crypto center.

Federal Reserve: Expectations for a rate cut in September are rising, potentially three rate cuts this year, favorable for crypto assets.

Corporate Dynamics

MicroStrategy: Acquired an additional 21,021 BTC, holding 628,791 BTC, valued at $74.26 billion.

Bitmine: Holds 833,133 ETH, valued at approximately $3.59 billion, leading corporate ETH reserves.

BlackRock: ETHA ETF saw inflows of $254 million on Monday, total inflows for ETH ETF exceed $1 billion.

Market Sentiment

X Platform: #buying and #bullish tags surge, FOMO increases, Santiment warns of correction risks.

Analysis: ETH may break $4,500, BTC target at $126,000, needs to break $120,000 resistance.