Crypto market as of August 1, 2025:

🌐 Market Overview

Bitcoin (BTC) is trading around $114,900, dipping roughly 2.8%, pressured by concerns over new U.S. tariffs and widespread profit-taking.

Ethereum (ETH) is at $3,602, down approximately 5%, reflecting similar macroeconomic unease.

Solana (SOL) sits near $167.80, also shedding about 4.9% amid the broad negative sentiment.

📉 Macro Drivers Behind the Move

The drop is largely attributed to renewed U.S. tariffs, which have rattled markets and triggered crypto liquidations.

A wave of profit-taking compounded downward momentum.

Institutional risks are rising: reported on-chain figures show ~97% of BTC holders are in floating gains, possibly fueling sell pressure.

📰 Significant Developments

U.S. SEC unveiled "Project Crypto" on July 31, signaling a pro-crypto shift with support for decentralized finance, regulatory clarity on token classifications, and advancement of super-app frameworks.

Ethereum continues to outpace BTC in recent months—ETH has surged ~54% vs. ~10% for BTC—driven by stablecoin growth under the GENIUS Act, institutional ETH ETFs, and corporate Ethereum accumulation.

Strategy Inc. (MSTR) posted its first profit in six quarters as Bitcoin soared past $120K, boosting confidence in corporate crypto strategies.

Bernstein Advisors reaffirmed it’s still early in this crypto bull cycle, citing robust fundamentals and institutional engagement on platforms like Coinbase and Robinhood.

📊 Market Metrics (Estimated)

According to market monitoring platforms:

Total crypto market cap: between $3.7T–$3.8T, down roughly 3% in the past 24 hours.

Bitcoin dominance stands near 61%, indicating it still controls the majority share of the total crypto market.

Sentiment overlaps “Greed” but bearish indicators are mounting, with only about 9% of coins in positive territory over the last day.

🔍 Quick Take

Theme Implication

Macroeconomic earnings Tariff concerns are turbo‑charging market volatility—expect heightened sensitivity to global policy changes.
Regulatory shift "Project Crypto" could stimulate longer‑term investor confidence once frameworks are clarified.
ETH vs BTC divergence Ethereum is outperforming due to robust institutional capital and favorable legislative momentum.
Sell‑side pressure With most BTC holders in profit, near‑term upside could be constrained by realization pressure.

✅ What to Watch Next

Monitor final developments under Project Crypto, especially around SEC rule clarifications.

Look out for ETF flows into ETH vs BTC—net inflows could signal continued divergence.

Macro news around tariffs or trade policy may continue to move crypto markets sharply.

Watch on-chain metrics for saturation and sentiment shifts, especially holder profitability and exchange inflows/outflows.

TL;DR

The global crypto market is down 2–5% overall today, with Bitcoin, Ethereum, and Solana all retreating amid tariff-driven risk-off sentiment. While short-term weakness dominates, institutional developments and regulatory clarity suggest longer-term investor interest remains strong. Ethereum appears resilient versus Bitcoin, supported by legislative tailwinds and sustained capital inflows.