Crypto Market in Anticipation: BTC and ETH Forecast for the Week

The crypto market ended the week almost where it started: total capitalization is holding around $2.22 trillion, the fear and greed index remains in the fear zone, and investors are waiting to see if the U.S. Senate will manage to bring the CLARITY Act to a vote before the August recess.

• Total market capitalization has frozen at $2.22 trillion, and participants’ sentiment has remained cautious for several weeks.
• The main political risk for digital assets is now tied to the fate of the CLARITY Act in the U.S. Senate.
• For a medium-term horizon, it makes sense to gradually accumulate BTC and ETH on pullbacks, but only if you have a cash or stablecoin reserve.

In the first half of the week, the market tried to return to growth. Inflows into ETFs and softer inflation data pushed Bitcoin to $67,000. But the momentum quickly faded: geopolitics and rising bond yields brought the price back closer to $64,000. So the week was nervous, but without a clear result in the final numbers.

The scenario of heightened binary volatility has essentially played out. The market got several reasons to grow, but none were strong enough to break the cautious mood. Cryptocurrency still depends not only on its own news, but also on rates, ETF flows, Washington politics, and risk appetite in global markets.