Consolidating between $116Kโ$120K, with the MACD showing a potential bearish shift in momentum after hitting a record $123K earlier this month .
Market share dipped to around 61%, as altcoins gained ~2.6% of the total crypto market cap .
Ethereum (ETH)
ETH has surpassed BTC in spot trading volume for the first time in over a year ($25.7B vs $24.4B), driven by whale accumulation (~466K ETH added) .
Faces short-term volatility: penetrated overbought territory near $3,850 then pulled back to ~$3,600, indicating a consolidation phase . #BTCvsETH $BTC $ETH
On July 22, 2025, the Senate Banking Committee unveiled a 35-page discussion draft of the crypto market structure bill, building upon the Houseโs version of the Clarity Act .
This draft introduces key definitions, such as โancillary assetsโโdigital tokens tied to securities but not themselves securitiesโand directs the SEC (rather than the CFTC) to take the lead on rulemaking for these assets .
It also includes provisions to allow digital asset use by banks, demands new disclosure rules, and empowers the SEC to set standards for investment contracts (modernizing the Howey Test) .
The U.S. has passed the GENIUS Act, the first comprehensive federal stablecoin framework, now awaiting signature . This law mandates full dollar reserves and transparencyโgarnering support from Amazon, Walmart, and Mastercard. Its passage could significantly boost adoption among users and businesses .
Bitcoin recently surged past $120,000 following a U.S. โCrypto Weekโ push, though volatility remains subduedโa structural shift, according to TradingView . Ethereum follows suit, jumping an impressive 49.4% in July, fueled by ETF inflows and institutional buying . #BTC #ETH $BTC $ETH