Reasons why Bitcoin is holding around $114,000 and why Ethereum, Cardano, and XRP surged by 8% by the end of August 4, 2025:

• Bitcoin is steadily increasing, but not breaking out as it has already risen from the $105,000 range to $114,000 over the past 10 days — currently in a "rest" zone.

• Meanwhile, ETH, ADA, and XRP have accumulated long enough, received supportive news, and new capital flows, leading to a breakout:

• Ethereum ($ETH ): The L2 protocol "Verge" is preparing to launch on the mainnet, along with expectations that the ETH spot ETF will be approved soon.

• Cardano ($ADA ): Rumors about collaboration with the US government in digital identity management (SSI).

• $XRP : Positive information surrounding the SEC reconsidering the classification of XRP, helping to restore trust from institutional investors.