Crypto Market Hits Record High as Ethereum Surges and ETF Inflows Accelerate

BTC has reached a new milestone high, breaking through the $124,000 mark. And the crypto market has reached a new all-time total market cap high of 4.263 trillion USD, with buying momentum led by Ethereum and increasing institutional inflows into spot ETH ETFs. Bitcoin's market share has declined to 59.12%, dropping over 7% in the past month, while macro sentiment is influenced by expectations of a US Federal Reserve rate cut in September. The market overall is bullish, but has yet to show signs of overheating according to CEX and DEX funding rates.