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Overview of Ethereum's Price Drop, Cardano's Future Projections, and Other Crypto News - August 1 Recap The overall cryptocurrency market, including Ethereum (ETH) and Cardano (ADA), experienced a significant setback recently. ETH saw a 6% decrease, but continued interest from 'whale' investors and a decline in exchange balances suggest a potential recovery in the near future. Meanwhile, the ADA token faced an 8% decline, hitting its lowest since mid-July. However, analysts remain positive, predicting a surge beyond $4 if the asset can overcome a key resistance at $0.92. Bitcoin (BTC) also experienced a drop, briefly falling below $114,500. Despite this, bullish predictions suggest a breakout to $145K-$150K is possible, supported by an oversold Relative Strength Index (RSI) indicating a potential resurgence.
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Leading 10 Providers of Blockchain Solutions with White Label Option This review lists the top ten white-label blockchain platforms available in 2025. The platforms offer robust, customizable infrastructure, enabling entities to launch exchanges, wallets, NFT platforms, or payment systems swiftly without having to build from scratch. These solutions provide cost savings in development, expedite launch time, and allow focus on branding and user growth. The platforms include ChangeNOW, Blockchain App Factory, Antier Solutions, ChainUP, B2Broker, HollaEx, Coinsclone, LeewayHertz, Infinite Block Tech, and Velmie. These platforms are not all equal; some are better suited for startups, while others are better suited for enterprises. Choosing the right one depends on your project’s needs, budget, and timeline.
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Trump's Tariff Adjustments Lead to a $600M Drop in BTC, Hitting a 3-Week Low The cryptocurrency market, including Bitcoin (BTC), has been significantly impacted by US President Donald Trump's tariffs against multiple nations, with BTC plunging to a 3-week low of under $114,500. Trump's recent executive order imposed a 10% tariff on goods from all countries other than the 92 listed in an annex that face higher rates, and raised tariffs on Canadian goods from 25% to 35%. Following the order, the crypto market experienced a substantial correction, with the total market cap declining by over $150 billion since yesterday's peak. The correction resulted in the liquidation of over $650 million worth of positions, with more than $600 million attributed to longs.
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El Salvador Assists Bolivia in Formulating Cryptocurrency Regulations El Salvador's National Commission for Digital Assets (CNAD) has partnered with the Central Bank of Bolivia (BCB) to share expertise and experience in creating regulatory frameworks for digital assets. The memorandum of understanding, signed by the heads of both institutions, looks to promote cooperation and exchange of regulatory and technical knowledge, including blockchain intelligence tools and risk analysis. This development is a significant stride for Bolivia, which has seen a substantial increase in digital asset usage since the issuance of Decree 082/2024. El Salvador, a leader in crypto asset regulation and adoption since its Bitcoin Law was passed in 2021 and Bitcoin became legal tender, continues to take a pro-innovation approach to digital assets.
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Is Altseason Going Strong? CryptoQuant Data Suggests Affirmative CryptoQuant indicates that the anticipated altcoin season is in full swing, with Ethereum leading the charge. Charts tracking trends for Ethereum, Bitcoin, and other metrics, show increased investor participation, suggesting a market shift. Ethereum has surged 170% from its recent lows and sits 23% short of its all-time high, largely due to a substantial investment by online games developer, SharpLink. Bitcoin dominance is declining as altcoins shine, with altcoin futures trading volume hitting a five-month high of $223.6 billion. Retail demand is back, with Bitcoin transactions under $10,000 rising 9.7% in a month. However, increased retail participation often signals the end of bull cycles, suggesting that the current bull market may soon conclude.
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