This week, the leading cryptocurrencies have seen a significant price decline but most assets are currently recovering: BTC is trading at 61000.00 ( 3.2%), ETH is at 2700.00 (–1.8%), USDT is at 1.0003 ( 0.13%), BNB is around 510.00 ( 2.8%), and SOL is around 158.00 ( 10.5%). The total market capitalization by the end of the week was 2.14T dollars, and BTC share in it increased to 56.3%.

The negative dynamics at the beginning of the week developed against several factors, the main one being poor US July statistics, which reflected an increase in inflation to 4.3% and a reduction in employment to 114.0K. Along with the US Fed maintaining high interest rates, these data caused experts to fear a slowdown in the economy and a recession, causing a decline in both global stock markets and the cryptocurrency sector, which correlates with them. Additional pressure on prices was exerted by the aggravation of the situation in the Middle East, where a direct clash between Iran and Israel was expected, causing an outflow of investments from risky assets to the American dollar. Analysts note that the actions of Jump Crypto, which began to get rid of its assets by conducting large transactions, contributed to the decline in the quotes. However, comments from regulator officials who denied the possibility of a recession and a decrease in geopolitical tensions reassured traders, and the sector resumed growth: if on Monday and Tuesday, the Bitcoin ETF saw an outflow of assets of 317.0M dollars, then over the last two sessions it was replaced by growth of 239.7M dollars. Prices are supported by comments from US presidential candidate Donald Trump, who again stated that the government should not sell the existing cryptocurrency and also allowed the use of BTC to pay off the US national debt. The leaders in growth among digital assets were XRP ( 13.4%) and SOL ( 10.5%) tokens. The strengthening of XRP positions was due to another court decision on the Securities and Exchange Commission (SEC) lawsuit against Ripple. Judge Analisa Torres ordered the company to pay a fine of 125.0M dollars, significantly lower than the 2.0B dollars required by the regulator. Ripple CEO Brad Garlinghouse regarded this as a victory for the corporation. The growth of the SOL token is due to growing hopes of market participants for the launch of the Solana-ETF: last month, VanEck and 21Shares filed applications with the SEC for permission to operate new exchange instruments, and Bloomberg analysts expect that they can be approved by March next year. Recall that just recently, the Brazilian Securities and Exchange Commission allowed its launch, and now it is awaiting listing on the Brazilian stock exchange.

Overall, the situation in the cryptocurrency market remains difficult. Still, investor optimism is slowly returning. Next week, most of the largest digital assets may continue to grow or begin to consolidate.