_-Crypto-Price-Today

The global market cap has soared above $4 trillion, with trading volumes surging

The global cryptocurrency market is showing strong momentum. The total market capitalization is currently around $4.07 trillion, representing an increase of about 2.6% in the past 24 hours. Trading volume has also jumped significantly, rising by nearly 10.8% to approximately $217 billion. 

A separate market report places the valuation slightly higher at $4.14 trillion. Bitcoin continues to dominate the market with a share of about 57.4%, followed by Ethereum with around 13.5%. These figures indicate that both leading cryptocurrencies are maintaining healthy levels of market influence and investor activity.

Bitcoin Performance

Bitcoin (BTC) is currently trading at approximately $119,587, reflecting a gain of 0.50% from the previous close. It has reached an intraday high of $120,213 and a low of $118,249. The price remains close to the $120,000 mark after earlier trading above $122,000, fueled by optimism following the release of US inflation data. 

Market sentiment is positive, and there is growing speculation that Bitcoin could soon hit a new all-time high if macroeconomic conditions remain favorable. Analysts note that institutional interest, alongside steady accumulation by large Bitcoin holders, is supporting the current bullish momentum.

Ethereum Rally

Ethereum (ETH) has experienced a sharp upward movement and is currently trading around $4,662, showing an 8% intraday gain. The token’s strong performance is being driven in part by large inflows into spot Ethereum ETFs, which recently recorded over $1.019 billion in net inflows. BlackRock’s ETHA fund is leading the charge in attracting institutional investment. 

Additionally, large Ethereum holders have been increasing their accumulation, pushing the price toward a resistance level of $4,587. Some market analysts believe Ethereum could reach $5,000 by the end of August. However, there is also movement of capital toward other blockchain networks such as TRON, suggesting that investor sentiment remains diverse.

Solana and Other Altcoins


Solana (SOL) has enjoyed notable gains, rising by about 12–13% and trading close to $198–199. The rally in Solana is part of a broader surge in altcoins, which are benefiting from renewed investor interest and improved market liquidity. XRP is currently trading near $3.20 after recovering from a 2% loss. 

Analysts are predicting the possibility of a third breakout for XRP by early September. Despite this, XRP has seen an 8% decline over the past four trading sessions, with intraday lows reaching $3.11. Some financial media outlets have described XRP as a strong buy, projecting a potential climb toward $4.

Regulatory and Legal Developments

The United States has recently implemented the GENIUS Act, which introduces strict requirements for stablecoins. Under the new regulations, stablecoins must be backed one-to-one with low-risk assets and be subject to both federal and state oversight. 

Meanwhile, the proposed Responsible Financial Innovation Act (RFIA) is attracting controversy. Critics argue that it could weaken the regulatory power of the US Securities and Exchange Commission, reduce consumer protections, and increase market volatility.

In legal news, Do Kwon, the co-founder of Terraform Labs, has pleaded guilty to charges of defrauding investors in connection with the collapse of the TerraUSD and Luna tokens. This collapse wiped out approximately $40 billion in market value. Under the plea deal, he could face up to 12 years in prison. 

In another enforcement action, the US Department of Justice has dismantled the BlackSuit ransomware group, seizing roughly $1 million in cryptocurrency. Authorities have warned that the group may attempt to reemerge under a different name.

Emerging Tokens and Investor Interest

New cryptocurrency projects are also drawing attention from investors. Remittix, a DeFi token designed for payment and financial integration, has been highlighted for its low transaction fees and staking features. The project is planning a centralized exchange listing, which could help accelerate adoption. 

Another token, Snorter ($SNORT), has raised $2 million in its presale phase. Market analysts view such fundraising success as an indicator of growing confidence in new blockchain ventures, although the sector remains highly volatile.

Macro and Institutional Factors

The broader economic environment is also influencing cryptocurrency prices. US inflation data, particularly the Consumer Price Index (CPI), is now a major driver of market sentiment. A lower-than-expected CPI reading could increase expectations for a September interest rate cut by the Federal Reserve, which would generally be seen as bullish for crypto markets. Analysts point to the accuracy of Pantera Capital’s 2022 forecast, which projected Bitcoin’s price close to current levels, as evidence of long-term bullish potential.

Institutional investment continues to grow, particularly in Ethereum through ETF inflows and in Bitcoin through large reserve purchases. Chainlink (LINK) has also rallied by about 10% in the last 24 hours and gained roughly 42% over the past week, supported by growing institutional adoption and new partnerships.

Market Outlook

The cryptocurrency market is entering a period of high activity, with both macroeconomic indicators and institutional flows driving optimism. Bitcoin remains close to the $120,000 mark, Ethereum is pushing toward $5,000, and Solana is holding near $200. Altcoins like XRP and LINK are experiencing renewed momentum, although volatility remains a key factor.

Regulatory developments are expected to shape the market in the coming months. While the GENIUS Act provides clarity for stablecoins, debates around the RFIA highlight the ongoing tension between innovation and investor protection. Legal actions against figures like Do Kwon, along with enforcement against cybercriminal groups, underline the increasing scrutiny on the sector.

With inflation data, Federal Reserve policy, and institutional investment trends aligning to potentially fuel further gains, the cryptocurrency market appears poised for continued growth. However, the combination of speculative interest in emerging tokens and unresolved regulatory challenges suggests that price swings and market surprises remain likely in the near term.