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Bitcoin’s rally cooled as crypto mirrored equities’ retreat. Ethereum eased after big gains, Solana hit resistance, XRP held support, and ETFs signalled profit-taking ahead of Jackson Hole.
Crypto markets hit new milestones this week, with Bitcoin surging to US$124,474 and total market cap breaking above US$4T for the first time.
Institutional outflows and trade shocks pressured markets this week, with altcoin rallies stalling and ETF momentum fading.
Consolidation dominated markets this week, with Bitcoin range-bound between US$111K and $119K whilst spot ETF outflows indicated softer demand. Ethereum held key support as institutional interest rose, and macro data pressured sentiment.
Bitcoin held firm after last week’s US$9B sell‑off. Now Ethereum, Solana and XRP are racing ahead as capital rotates across the market.
A record close for Bitcoin and surging Ethereum ETF inflows lifted altcoins to end July on a strong note, with a busy macro calendar ahead.