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Bitcoin is trading at around $113,862, marking a small intraday rise of about 0.28%

The global cryptocurrency market is currently valued at close to $3.95 trillion. This shows a modest increase of about 1.1% compared to the previous day. Bitcoin continues to hold the largest share of the market, with a dominance of around 57–58%, while Ethereum accounts for roughly 13.1%. Daily trading activity is high, with volumes reaching between $154 billion and $180 billion, reflecting active participation in decentralized finance and stablecoin markets.

Bitcoin and Ethereum Prices

Bitcoin is trading at around $113,862, marking a small intraday rise of about 0.28%. The day’s movement has kept it within a range between $112,482 and $114,726. Ethereum, on the other hand, has shown a stronger gain of over 3%, reaching $4,299. Its intraday movement has been between $4,114 and $4,370. These figures highlight the current dominance of Bitcoin and Ethereum in the market, while also showing that Ethereum is recovering more strongly than Bitcoin in today’s trading.

Recent Price Movements and Volatility

The past 24 hours have been marked by both gains and sudden drops. Ethereum fell nearly 5% yesterday, dipping under $4,100, while Bitcoin slipped almost 3%, falling below $113,000 before recovering. This decline triggered a wave of liquidations worth about $177 million across the crypto market in just a few hours, with short positions being the most affected. Analysts point out that profit-taking by investors holding crypto for only a month has led to a cooling across the top five digital assets. Data from 30-day profit metrics shows that short-term holders have been cashing in on recent gains, contributing to the contraction in price momentum.

Influence of Global Economic Policies

The market is also responding to signals from traditional financial systems. The upcoming speech by the Federal Reserve at the Jackson Hole meeting has already influenced crypto sentiment. Many traders are cautious, as central bank announcements on monetary policy could reshape risk assets like Bitcoin. Uncertainty around potential changes in interest rates or liquidity tightening is contributing to short-term volatility in prices.

Role of Large Holders in Market Stability

Despite the fluctuations, large institutional players, often referred to as Bitcoin whales, are steadily building their positions. Reports show that whales have been accumulating Bitcoin through FalconX, reaching around 1,721 BTC in total holdings. Such moves suggest that big investors continue to see long-term value in Bitcoin even while the market experiences short-term ups and downs. This accumulation provides some stability and confidence that Bitcoin remains a favored store of value for institutions.

Regulatory Shifts and Legal Clarity

A significant development on the regulatory front is the introduction of the US Clarity Act, influenced by the Trump administration. This proposal aims to classify cryptocurrencies based on their level of decentralization. Fully decentralized assets such as Bitcoin and Ethereum are expected to benefit under such frameworks, as they would face lighter restrictions. However, centrally issued altcoins could come under tighter scrutiny. This is an important shift, as clear regulation may provide long-term stability for the market, but it may also place limits on certain tokens that do not meet decentralization standards.

Developments in Asia

Asia is emerging as a major center of innovation and policy change in the crypto industry. Thailand has launched an 18-month pilot program that allows tourists to directly convert cryptocurrencies into Thai baht. The initiative is designed to boost tourism and demonstrate how crypto can be integrated into daily financial activities. If successful, it could set an example for other countries looking to use digital assets to encourage tourism and local economic growth.

At the same time, China is exploring the idea of introducing stablecoins backed by the yuan. This move is seen as a way to expand the use of the Chinese currency in global markets. Hong Kong and Shanghai are being considered as the main hubs for the rollout. If approved, yuan-backed stablecoins could reshape international payment systems and challenge the dominance of the US dollar in global trade.

Political Engagement in the United States

In the United States, politics is also playing a stronger role in the crypto debate. The Winklevoss twins, known for their Gemini exchange, have contributed $21 million to create a political action committee called the Digital Freedom Fund PAC. The goal of this fund is to support pro-crypto Republican candidates in the 2026 midterm elections. 

The group strongly opposes central bank digital currencies and advocates for protections for developers working on decentralized networks. This move highlights the growing role of crypto in political campaigns and policy debates in the United States.

Final Thoughts

Bitcoin is currently priced at $113,862, while Ethereum is trading at $4,299. The total crypto market cap stands close to $3.95 trillion, with daily trading volumes near $180 billion. Price volatility remains a constant factor, driven by short-term profit-taking, macroeconomic announcements, and institutional trading.

Global policy shifts are emerging as a central influence. The Federal Reserve’s upcoming signals, the US Clarity Act, Thailand’s tourism pilot, and China’s stablecoin exploration are shaping both short-term movements and long-term possibilities. Political involvement in the United States further shows that the debate over crypto regulation has entered mainstream discussions.

The market outlook remains cautiously optimistic. Short-term volatility is likely to continue, but institutional confidence and regulatory clarity may provide the foundation for steady long-term growth.