After a bright July, the cryptocurrency market enters August with a cautious accumulation mentality. Bitcoin (BTC) continues to fluctuate around the 115,000–118,000 USD range, while Ethereum (ETH) and Solana (SOL) record a strong increase in institutional capital.
🌐 Macro Factors & Policy
The Fed keeps interest rates at 4.25%, but expectations for cuts remain high.
Trade tensions and economic data from Jackson Hole will be short-term guiding factors.
Crypto ETFs continue to attract capital – paving the way for institutional money to flow into the market.
₿ Bitcoin: Waiting for Explosion
BTC accumulates around the 115,000 USD range; if it surpasses 120,000 USD with strong buying power, the target of 140,000 USD could become a reality.
Short-term risk: A failure at the support level could lead to a short-term correction.
Ξ Ethereum: Steady Growth
ETH rose nearly 50% in July, closing above 3,500 USD.
ETF capital inflows are continuous, supporting the possibility of ETH expanding its price range to 6,000–7,200 USD if it maintains the 3,450–4,000 USD level.
◎ Solana: Momentum From On-Chain
SOL shows steady growth, TVL and DEX activity are booming.
If it holds the 185–200 USD range, the price could head towards 240 USD in August.
📌 Conclusion:
August is a pivotal time. Bitcoin accumulates, Ethereum shows sustainable growth, and Solana leads on-chain. If macro conditions are favorable and the Fed signals liquidity support, the crypto market could enter a new acceleration phase – aiming for important technical and psychological milestones in Q3.