Crypto market sentiment has shifted from “Neutral” to “Greed,” with the Crypto Fear and Greed Index reaching 62. Key prices include:

• Bitcoin (BTC) above $114,000
• Ethereum (ETH) recovering past $3,600
• XRP above $3.0

The total cryptocurrency market cap is stabilizing between $3.6 trillion and $3.8 trillion. On-chain data indicates a rotation into micro-cap tokens.

Bitcoin briefly tested its 50-day moving average, suggesting potential exhaustion, while the overall market cap remains above trend at approximately $3.72 trillion.

Institutional Interest in BTC and ETH

Bitcoin and Ethereum maintain strong institutional interest. In July, a strategy purchased 21,021 BTC for $2.46 billion, part of 26,700 BTC acquired by major entities. Public and private firms hold 1.35 million BTC, over 6% of circulating supply.

Ethereum also sees high demand. Treasury holdings surpassed 3 million ETH, with SharpLink Gaming adding 83,561 ETH and BitMine Technologies increasing their reserves to 833,000 ETH.

XRP Price Movement

XRP is testing $3.0 amid anticipation of a US SEC review on Ripple’s appeal scheduled for August 7. A favorable ruling could classify XRP as a non-security, potentially leading to a 70% price increase if it breaks out from its current pattern.