The global crypto market is navigating a cooling period after a powerful rally earlier this summer. Total market capitalization currently sits near $3.74 trillion, down around 4% in the last 24 hours, as traders digest recent regulatory developments, macroeconomic signals, and technical market corrections.






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Bitcoin Leads the Market Pullback





  • Bitcoin (BTC) is trading around $115,049, slipping ~3% over the past day.


  • Despite this dip, BTC remains the dominant force in the market, holding 61% market dominanceā€”a sign of investor confidence in its long-term position as digital gold.


  • Analysts note that BTC is consolidating after testing the $120,000 resistance earlier this week. This pause may set the stage for the next bullish leg, but short-term volatility is expected.







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Ethereum and Altcoins in Correction Mode





  • Ethereum (ETH) is currently around $3,598, down nearly 7% in the last 24 hours, pressured by profit-taking and gas fee spikes on the network.


  • BNB (Binance Coin) is holding at $769, down 4.3%, reflecting both broader market sentiment and cooling exchange volumes.


  • Top-performing altcoins from Julyā€”like SOL, XRP, and TONā€”are also showing pullbacks of 5ā€“8%, a healthy correction after weeks of steep gains.







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Fear & Greed Index Shows Neutral Sentiment




According to the Binance Square Fear & Greed Index, sentiment has eased from a ā€œGreedā€ reading of 66 last week to a neutral score of 57 today.



This shift signals:


āœ… Traders are cautious after the marketā€™s recent highs.


āœ… Whales may be waiting for new entry points.


āœ… The market could consolidate before deciding its next major move.






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Regulatory Landscape: Headwinds Ease




The regulatory picture has improved significantly after the U.S. SEC dropped its lawsuit against Binance in late May. This milestone has:




  • Boosted confidence in the exchangeā€™s operations.


  • Removed a major overhang for BNB and the broader market.


  • Paved the way for more institutional players to re-enter crypto.




Meanwhile, Block Inc. (Square) is deepening Bitcoin adoption by onboarding merchants for Lightning Network payments, a sign that real-world crypto use is expanding beyond speculation.






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Todayā€™s Key Numbers





  • Global Market Cap: $3.74T (ā€“4%)


  • Bitcoin (BTC): $115,049 (ā€“3%)


  • Ethereum (ETH): $3,598 (ā€“7%)


  • BNB: $769 (ā€“4.3%)







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Whatā€™s Next?




Market watchers expect range-bound movement in the short term, with $110,000ā€“$118,000 acting as Bitcoinā€™s key support/resistance zone.



Altcoin traders are eyeing opportunities during the pullback, while long-term holders remain unfazed, seeing corrections as natural pauses in an ongoing bull cycle.





šŸ“Œ Bottom Line:


The crypto market is cooling off, but fundamentals remain strong. Neutral sentiment and a friendlier regulatory climate could set the stage for the next wave of adoptionā€”and potentially another major rally later this year.


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