The cryptocurrency market lost 2.7%, sliding to 3.75 trillion USD. Ethereum and XRP faced significant declines, dropping 5.6% and 6%, respectively, while Bitcoin decreased by 3%. The overall sentiment index also fell to 65.
Bitcoin’s price has stabilized around 115,000 USD, marking a significant decrease from previous highs. The cryptocurrency shows evidence of bearish market trends aligning with historical data, suggesting August may remain unfavorable.
Corporate Ethereum reserves have exceeded 10 billion USD, and firms are expected to acquire a considerable percentage of the total supply. Strategic moves by institutions highlight growing confidence in Ethereum as a long-term asset.
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