According to Fixygen, the cryptocurrency market ended the week of July 27–August 1 mostly lower amid the U.S. Federal Reserve’s cautious stance, volatile inflows into exchange-traded funds, and weak earnings reports from Coinbase, the largest U.S. crypto exchange.
As of August 1, Bitcoin was trading at around $63,000, down from approximately $65,300 at the start of the week. Thus, the leading cryptocurrency lost about 3.6%.
Ethereum rose to nearly $1,950 at the start of the week but then also came under pressure. Most of the major altcoins were unable to sustain a steady upward trend, as investors preferred to reduce their positions in riskier assets. Solana largely remained within the $70–76 range throughout the week.
The main macroeconomic event of the week was the U.S. Federal Reserve meeting on July 28–29. The Fed kept the target range for the federal funds rate at 3.5–3.75%. At the same time, the regulator noted that inflation remains above the 2% target, particularly due to rising energy prices and other consequences of the conflict in the Middle East. An additional hawkish signal came from the fact that three members of the Federal Open Market Committee voted to raise rates by 0.25 percentage points.
For cryptocurrencies, this means that expensive dollar liquidity will persist. With high interest rates, investors receive attractive yields on government bonds and money market instruments, which limits the inflow of capital into Bitcoin and altcoins.
The market had been hoping for at least some softer rhetoric from the Fed, so the lack of a signal regarding an imminent rate cut was one of the reasons for Bitcoin’s decline in the second half of the week.
U.S. spot Bitcoin ETFs ended the week with a combined net outflow of about $61.5 million. On Monday and Tuesday, investors withdrew $11.6 million and $49.7 million, respectively. On Wednesday, the funds recorded an inflow of $32.1 million, and on Thursday, $233.1 million. However, on Friday, $265.4 million was withdrawn again. This pattern indicates that there is no sustained institutional demand yet. Positive inflows last for one or two days, after which they are followed by comparable or even larger outflows.
Friday’s outflow from BlackRock’s IBIT fund was particularly notable at $122.7 million. $54.8 million was withdrawn from Fidelity’s FBTC, and $52.6 million from Grayscale’s GBTC.
Until Bitcoin ETFs return to a steady inflow of funds, a price recovery above the nearest resistance levels will be difficult.
Coinbase’s financial results put additional pressure on the market. The largest public crypto exchange in the U.S. reported its third consecutive quarterly loss. Following the release of the report, Coinbase’s stock price fell, and analysts noted challenging conditions for cryptocurrency trading and a lack of clarity regarding the timeline for a recovery in trading volumes.
Declining activity among retail investors is one of the main risks for the market. Despite Coinbase’s share of cryptocurrency trading rising to 10.3%, overall market volumes remain weak.
At the same time, the company continues to reduce its reliance on spot trading fees and is expanding its business in stablecoins, derivatives, digital asset custody, and blockchain infrastructure. However, this is more of a long-term positive factor and does not yet offset the decline in speculative activity.
One of the week’s trends was investors’ continued tendency to focus on the largest and most liquid digital assets. When macroeconomic risks intensify, capital typically flows out of smaller tokens faster than out of Bitcoin. As a result, altcoins may decline even if the price of Bitcoin remains relatively stable.
Ethereum maintains fundamental support thanks to the network’s use in decentralized finance, asset tokenization, and infrastructure projects. However, for a sustainable recovery, it needs a rebound in demand across the entire crypto market and stabilization of Bitcoin.
Solana and other highly volatile assets may experience short-term spikes, but without an increase in liquidity, such movements are likely to remain unsustainable.
The base case scenario for early August remains Bitcoin’s consolidation within the $60,000–$66,000 range. The nearest support zone is the $62,000–$63,000 range. However, $60,000 remains the key psychological and technical threshold. A resurgence of geopolitical tensions or continued outflows from ETFs could lead to a retest of this level.
A sustained move below $60,000 would increase the likelihood of a decline toward the $55,000–58,000 range. For this scenario to play out, a combination of several negative factors would be required: a further strengthening of the dollar, rising U.S. Treasury yields, significant outflows from ETFs, and a deterioration in stock markets.
For Bitcoin to resume its upward trend, it must return above the $64,700–$66,000 range. In this case, the next targets could be $68,000 and $70,000.
A positive scenario is possible provided there is a return of steady capital inflows into Bitcoin ETFs, a reduction in geopolitical risks, and the release of weak U.S. economic data, which would reinforce expectations of future Fed policy easing.
If the market stabilizes, Ethereum may attempt to climb back above $1,900. However, should Bitcoin fall to $60,000, pressure on Ethereum and most altcoins will intensify.
Thus, in early August, the market will most likely remain volatile and dependent primarily on inflows into U.S. ETFs, U.S. macroeconomic data, and the situation in the Middle East. There is no clear signal yet that the correction has ended, but Bitcoin holding the $60,000 level will support the possibility of a further recovery.
Bitcoin is the largest cryptocurrency by market capitalization, created in 2009. Ethereum is the second-largest digital currency and serves as the underlying asset for the Ethereum smart contract network.
According to Fixygen, the global cryptocurrency market is nearing the end of the week without a clear direction: Bitcoin held steady at around $64,500, while Ethereum fell significantly, and inflows into U.S. cryptocurrency ETFs remained volatile.
As of Friday, Bitcoin was trading at approximately $64,400. On Monday, July 20, the leading cryptocurrency opened the week at around $64,680. Thus, the weekly decline was less than 0.5%, indicating consolidation following the market’s massive drop in previous months.
Ethereum showed significantly weaker performance over the same period. At the start of the week, its price was around $1,870, while by Friday it had fallen to approximately $1,620. The weekly decline reached 13%.
The total market capitalization of the cryptocurrency market was estimated at approximately $2.2 trillion. Bitcoin accounted for about 59% of the total market value, reflecting sustained investor demand for the largest and most liquid digital asset amid uncertainty.
U.S. spot Bitcoin ETFs saw about $274 million in net inflows over four trading days from July 20 to 23. On Monday, inflows totaled $226.8 million; on Tuesday, $203.2 million; and on Wednesday, $69.1 million.
However, on Thursday, investors withdrew $225.1 million from Bitcoin ETFs. The bulk of the outflow—$202.5 million—came from BlackRock’s IBIT fund. This virtually wiped out a significant portion of the positive results from the beginning of the week. Data for Friday had not yet been published at the time of writing.
Spot Ethereum ETFs attracted approximately $174.5 million from Monday through Thursday. Net inflows were recorded daily, including $72.7 million on Wednesday and $26.3 million on Thursday. However, these inflows were unable to prevent a decline in the price of Ethereum, indicating that pressure on this asset persists across the broader market.
Earlier, U.S. Bitcoin ETFs broke an eight-week streak of outflows, during which investors withdrew more than $8 billion from the funds. The return to inflows was a positive sign, but the volume remains insufficient to indicate a sustained recovery in institutional demand.
A report published this week by CoinGecko showed that the cryptocurrency market capitalization in the second quarter of 2026 fell by 12.6%—from $2.4 trillion to $2.1 trillion.
The market capitalization of stablecoins decreased by 1.6% to $305.1 billion. This marked the first quarterly decline in this metric since the third quarter of 2023 and may indicate a partial withdrawal of liquidity from the cryptocurrency system.
Spot trading volume on the ten largest centralized crypto exchanges fell by 27.9% in the second quarter—to $1.95 trillion. In May, the figure dropped to $619 billion—the lowest monthly level since the start of the year—before rebounding to $695 billion in June.
Trading volume in perpetual futures on the largest centralized exchanges decreased by 10%—from $14.1 trillion to $12.7 trillion. The more moderate contraction of the derivatives market compared to the spot segment indicates that traders remain primarily interested in short-term and speculative trades.
One of the week’s major regulatory developments was the publication on July 22 of an updated version of the U.S. CLARITY Act. The bill aims to establish comprehensive rules for the digital asset market and allocate authority between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission.
In May, the Senate Banking Committee approved the bill by a vote of 15 to 9. However, the updated version sparked new disagreements, particularly regarding investor protection, combating illicit financing, and limiting conflicts of interest among government officials.
Thus, the week did not provide the market with a clear signal. Bitcoin showed relative stability, but Ethereum’s decline, the sharp reversal of flows into Bitcoin ETFs on Thursday, and weak quarterly figures for exchange activity indicate that market participants remain cautious.
The final results of the week will depend on Friday’s flows into U.S. ETFs, the situation in global risk markets, and further progress on cryptocurrency legislation in the U.S.
According to Fixygen, the cryptocurrency market is ending the week on a cautious note: Bitcoin is holding steady near $62,500–63,000, Ethereum is around $1,700, and the total market capitalization remains in the range of $2.15–2.24 trillion.
Following the sell-off in early June, the market is attempting to stabilize, though a confident recovery has not yet materialized. The main source of pressure remains shifting expectations regarding the U.S. Federal Reserve’s monetary policy. The Fed kept its benchmark rate in the 3.50–3.75% range but sent a more hawkish signal to the market: some market participants now anticipate a rate hike by the end of the year. This is a negative backdrop for the crypto market, as Bitcoin and other digital assets are traditionally sensitive to expectations regarding liquidity and the cost of money.
Bitcoin remained within a narrow range this week following attempts to rebound. According to current data, it is trading at around $62,600, with the intraday low dropping to $62,300. Ethereum fell to $1,690 and remains weaker than Bitcoin in terms of market structure. Pressure on altcoins persists as investors favor more liquid assets and avoid elevated risk.
The total crypto market capitalization, according to aggregators, stands at around $2.15–2.24 trillion. Bitcoin’s market share remains high—around 56–58%—indicating that a protective bias persists within the crypto market itself. Investors are not completely exiting digital assets but are focusing on the largest cryptocurrency and stablecoins.
ETF flows created additional pressure. According to VanEck’s estimates, in the first half of June, Bitcoin’s 30-day average price fell to approximately $70,300, and U.S. spot Bitcoin ETFs recorded about $5 billion in net outflows during 19 of 22 trading sessions. After that, signs of stabilization emerged: on June 12, spot Bitcoin ETFs showed a net inflow of about $85.8 million, and on June 16, about $10 million. However, these volumes are not yet sufficient to indicate a full-fledged recovery in institutional demand.
Ethereum’s weakness is also linked to less stable demand for spot ETH ETFs. Last week, certain trading days saw outflows from Ethereum ETFs, while demand for Bitcoin funds began to gradually recover after a series of heavy outflows. This widens the gap between Bitcoin and the rest of the market.
The Fear and Greed Index for the crypto market remains in the “extreme fear” zone. This means that following June’s sell-off, market participants are not yet ready to actively build up their positions. The market is reacting more to macroeconomic signals than to internal industry news.
The geopolitical backdrop this week was mixed. On the one hand, the agreements between the U.S. and Iran and expectations of a resumption of traffic through the Strait of Hormuz eased pressure on the oil market and supported overall risk appetite. On the other hand, uncertainty regarding the sustainability of these agreements, sanctions policy, and the Fed’s next moves is holding investors back from aggressively buying cryptocurrencies.
For Bitcoin, the nearest technical levels remain the $60–62 thousand range as support and $65–67 thousand as resistance. A sustained move above this range could improve the short-term outlook, but without a resumption of capital inflows into ETFs and a more dovish signal from the Fed, the market may remain range-bound.
According to Fixygen, the cryptocurrency market is ending the week on a downtrend: Bitcoin is hovering around $73,500, Ethereum around $2,000, while investors are reducing risk amid geopolitical tensions, outflows from crypto ETFs, and cautious expectations regarding U.S. interest rates.
As of May 29, Bitcoin was trading around $73,550, Ethereum around $2,000. During the day, BTC fell to $72,560, and ETH to $1,970, reflecting continued pressure on the largest crypto assets following a sharp deterioration in market sentiment.
The main external factor of the week was the escalation of geopolitical risks following U.S. strikes on Iran. Against this backdrop, investors shifted to safer assets, oil prices rose, and expectations for a Fed rate cut dimmed due to the potential for increased inflationary pressure. This was a negative combination for the crypto market, as digital assets remain sensitive to liquidity, interest rates, and risk appetite.
Over the week, Bitcoin shifted from cautious consolidation around $76,000 to a decline toward the $73,000 range. As recently as May 24, the market remained in a wait-and-see mode: BTC was trading near $76,000, Ethereum near $2,100, and market participants were assessing outflows from ETFs and the prospects for digital asset regulation in the U.S. By the end of the week, pressure intensified, and the recovery in demand from institutional investors proved insufficient to reverse the market trend.
Flows into exchange-traded funds became a significant factor. According to Farside Investors, on May 26, U.S. spot Bitcoin ETFs recorded a combined net outflow of approximately $648.6 million. The previous week also saw negative trends for these funds: on May 19, outflows totaled approximately $331.1 million; on May 20, $70.5 million; on May 21, $100.9 million; and on May 22, $105.2 million.
According to market estimates, the total outflow from cryptocurrency ETFs over the past two weeks exceeded $2.5 billion. This has become one of the key signals that institutional investors are temporarily reducing their exposure to digital assets amid high volatility and uncertainty in global markets.
Large holders exerted additional pressure on Bitcoin. According to the Economic Times, BTC consolidated around $73,600 amid increased activity from so-called “whales,” and outflows from large addresses reached their highest level since February. The market typically interprets this signal as a possible indication that major players are preparing to sell or reallocate their positions.
Ethereum also remained under pressure. The largest altcoin fell to around $2,000, and spot Ethereum ETFs, according to SoSoValue, recorded several consecutive days of net outflows in mid-May. ETH’s weakness heightened caution in the altcoin market, where investors typically reduce positions more quickly amid declining liquidity.
Among the largest cryptocurrencies, XRP and Solana were also under pressure. According to Barron’s, amid a deteriorating external environment, Ethereum fell more sharply than Bitcoin, while XRP and Solana also lost several percentage points. This confirms that the sell-off was broad-based rather than isolated and affected both core assets and riskier market segments.
A notable event of the week was Tether’s announcement of plans to launch a digital token pegged to the Georgian lari, with the support of the Georgian government. The project could become one of the rare examples of cooperation between a private stablecoin issuer and a government; however, details regarding the token’s structure and the role of regulators remain unclear.
Thus, the crypto market ends the week in a weak position. Short-term dynamics depend on three factors: whether outflows from ETFs continue or stop, investor reactions to geopolitical risks, and expectations regarding Fed interest rates. Until these factors provide the market with a sustainable impetus for recovery, Bitcoin remains in a zone of heightened volatility, while altcoins face even stronger pressure.
The cryptocurrency market remains one of the most volatile segments of global finance. Bitcoin and Ethereum hold the largest market capitalization shares among digital assets, and the launch of spot ETFs in the U.S. has strengthened the crypto market’s link to traditional financial markets, institutional capital flows, and monetary policy expectations.
According to Fixygen, the crypto market spent the week in a mode of restrained correction and sideways movement. Bitcoin fell by approximately 1.9% over the period, from $68,978 to $67,700, maintaining a trading range of $65,740-70,167. Ethereum fell by approximately 2.0% over the same week, from $1,998.79 to $1,957.86, with a range of $1,907.76 to $2,037.08.
As of February 22, CoinMarketCap estimated Bitcoin’s capitalization at $1.35 trillion at a price of about $67,660, and Ethereum’s capitalization at $236.3 billion at a price of about $1,957.8. Trading volumes indicated the dominance of stablecoins in circulation: USDT traded around $42.19 billion per day, which is significantly higher than the total turnover of BTC and ETH for the same period.
The main factors of the week were continued tension around capital flows into crypto instruments and cautious risk appetite. The market discussed protracted outflows from US spot Bitcoin ETFs and deteriorating sentiment amid macroeconomic uncertainty. At the same time, by the end of the week, Bitcoin showed relative stability at around $68,000, even amid news of tariff initiatives in the US.
The news agenda also highlighted the topic of stablecoin regulation and sanctions compliance. The Financial Times wrote about the European Commission’s proposal to expand the sanctions regime and effectively ban crypto transactions related to Russia, including references to specific payment solutions and stablecoin projects. Against this backdrop, on February 16, CoinDesk took a detailed look at the case of the ruble-pegged stablecoin A7A5 and its attempts to scale up amid sanctions pressure.
According to Fixygen, the market will assess how stable demand is after a series of outflows from ETFs, how quickly risk appetite responds to trade tariff signals, and new regulatory steps in the US and EU.
Bitcoin accelerated its growth in mid-January and is trading at around $97,024, updating the local highs of recent weeks. Ethereum is holding steady at $3,366.
According to CoinMarketCap, the global capitalisation of the crypto market is around $3.28 trillion, with Bitcoin accounting for around 59%, indicating a concentration of demand in the largest asset, while altcoins are growing less evenly.
The main driver in January is the return of institutional interest through ETFs. US spot Bitcoin ETFs recorded strong inflows, including about $843.6 million on 14 January, with total inflows measured in billions of dollars over several days.
The second factor is the US macroeconomy. The market reacted to inflation data and rate expectations, which directly affect risk appetite and the cost of capital. After the publication of the December CPI, Bitcoin accelerated at certain moments, and volatility in crypto intensified.
January news markers that may affect the exchange rate.
Regulation in the US. On 13 January, senators introduced a bill on rules for the crypto market, including the division of powers between the SEC and CFTC and the approach to stablecoins. On 15 January, discussions in the Senate Banking Committee were postponed after public criticism from Coinbase. This is a typical trigger for the market: clear rules are a plus for valuations, while delays and disputes are a cause for nervousness.
Stablecoins and payments. Visa is publicly increasing its focus on stablecoin payments: the company estimates the current annual run rate of such payments at approximately $4.5 billion, with an estimated $270 billion in stablecoins in circulation. Any news about stablecoin regulation and the banking lobby in the US can quickly affect sentiment in crypto.
Risk of incidents and hacks. In January, the market already received a reminder of technological risks: some tokens fell to almost zero after exploits (an example is the incident surrounding Truebit). Such events usually hit the ‘second tier’ and increase demand for quality (BTC, large protocols).
The key event of the month is the FOMC meeting on 27-28 January 2026 and the subsequent press conference. The Fed’s rhetoric on rates and inflation remains one of the strongest external factors for crypto at the beginning of the year.
