Despite seasonal market sluggishness, Ethereum has recorded a notable rise in open contracts, signaling sustained derivatives activity during the typically slow summer period.
Bitcoin faces persistent selling pressure as early adopters capitalize on gains through profit-taking. Analysts project extended consolidation for the cryptocurrency through August, highlighting $122,000 as a critical resistance level.
Regulatory focus shifted following the White House’s unexpected postponement of a key cryptocurrency report. Originally slated for July 22, the report’s release is now set for July 30 and is anticipated to prioritize stablecoin oversight over Bitcoin reserve frameworks.
The divergence between Ethereum’s derivatives momentum and Bitcoin’s corrective phase underscores evolving market dynamics, while regulatory delays reflect increasing governmental attention toward stablecoin policy development.