โ Crypto Daily Update โ August 4, 2025
๐ Bitcoin Steady, Altcoins Eye Breakout, Institutional Bets Grow
1. Bitcoin (BTC) is hovering around $59,800, consolidating below the key $60K resistance. A breakout above could trigger a sharp move toward $62K, but failure here may test support at $57,500.
๐ Sideways range = Opportunity for breakout scalpers.
2. Ethereum (ETH) trades around $3,280, respecting the demand zone between $3,200โ3,250. Liquidity is building โ expect institutional interest if BTC pumps.
๐ฅ Watch ETH/BTC pair for momentum shift.
3. Trending Altcoins:
LINK surges 8% as whale wallets accumulate.
SOL eyes $30 breakout โ strong demand above $28.50.
ORDI gains traction with strong volume on Binance.
4. Institutional Moves:
BlackRock adds another $40M in BTC ETF flows โ bullish signal.
Fidelity funds increase ETH exposure โ watch for spot ETH ETF whispers.
5. On-Chain Alert:
Dormant BTC from 2013 just moved โ often signals big market shifts. Be alert.
๐ง Pro Tip: Avoid FOMO. Set alerts at resistance/support levels. Use small lots if scalping during sideways conditions.
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