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The cryptocurrency market is pressing against a critical ceiling, with the total market capitalization rising to $3.95 trillion after a $63 billion increase in the past 24 hours.
Traders are watching closely as the sector tests the $4.01 trillion resistance zone, a level widely seen as a decisive point for the next phase of market direction.
Bitcoin remains the centerpiece of market momentum. The asset last traded around $115,618, maintaining critical support at $115,000. Holding above this threshold could open the door for a push toward $117,200, edging the cryptocurrency closer to the highly anticipated $120,000 level.

BTC price dynamics (July - August 2025). Source: TradingView
Ethereum is trading near $4,554, moving largely in line with the broader market. The asset shows relative stability, though its upward momentum appears less pronounced than Bitcoin’s.
Among altcoins, ONDO stood out, advancing 10% and eyeing resistance at $1.17. Should momentum wane, however, the token could slide back toward $1.07 or even $1.00.
The Crypto Fear and Greed Index sits at 50, a neutral reading. This equilibrium reflects investors’ cautious stance, with neither optimism nor fear dominating. Traders appear to be holding positions while awaiting stronger signals from both the macroeconomic backdrop and market technicals.
Adding to the crosscurrents, U.S. macroeconomic data has injected further uncertainty. While CPI showed consumer prices at their highest level since January, the focus quickly shifted to the labor market. Weekly jobless claims climbed to 263,000, the highest since October 2021 and well above expectations of 235,000. This surprise reinforced concerns over a softening jobs environment.
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In turn, expectations for Federal Reserve policy have shifted. Investors are increasingly pricing in a rate cut at the September 17 Fed meeting, with some even seeing an 11% chance of a larger-than-expected cut exceeding 25 basis points. Such easing could provide a supportive backdrop for risk assets, including cryptocurrencies, though much depends on whether inflation and employment trends continue to diverge.
The near-term trajectory for digital assets will hinge on two fronts: whether total market capitalization can convincingly secure the $3.94 trillion support, and whether Bitcoin can extend its push toward $117,200. At the same time, investors will be watching macroeconomic signals, as shifts in monetary policy expectations could either amplify crypto’s rally or temper enthusiasm.
As previously covered SEC delays Ethereum staking and altcoin ETF decisions.