📊 Crypto Market Analysis – August 8, 2025
🚀 Bitcoin (BTC)
Price: ~$117,000
Steady movement after a strong rally yesterday, holding key support around $116,000.
🔥 Ethereum (ETH)
Price: ~$4,000
Breakout above a major resistance, reaching its highest level since December 2024, supported by strong institutional inflows.
💎 Binance Coin (BNB)
Price: ~$795
Sideways trading, stable between $781 and $797.
📈 Altcoins
Notable gains in XRP (+7.5%) and DOGE (+6.2%), with BTC dominance dropping to 57.8%, reflecting a liquidity shift toward altcoins.
📌 Key Market Driver
Trump’s announcement allowing crypto investments in 401(k) retirement plans boosted market sentiment and fueled an altcoin rally.
