Bitcoin $BTC : Weekly & Monthly Update
Current Level: Around $117,081, with intraday high at ~$117,098 and low at ~$115,978 .
Performance Overview:
closed July at a record $115,800, setting up bullish momentum for August .
Maintained support above $BTC 114,500, supported by strong inflows into crypto investment products .
A recent 1.4% rally lifted BTC above $116,600 on August 8 following favorable US 401(k) policy updates .
Summary Snapshot:
Time Frame Key Insight
Weekly Stable above $114.5K; gained post-policy boost (~$117K)
Monthly Showed strong close in July (~$115.8K)
Support ~$114,500
Sentiment Bullish — pulling strength from institutional inflows and regulatory tailwinds
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Ethereum (ETH): Weekly & Monthly Update
Current Level: Approximately $4,183, with intraday high at ~$4,189 and low near ~$3,889 .
Performance Highlights:
ETH jumped over 4.8%, climbing past $3,800 on August 8, fueled by the same executive order boosting crypto adoption .
Stronger short-term momentum compared to BTC, signaling increased institutional and retail interest.
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Final Insight
Bitcoin remains resilient, trading above key psychological and technical levels with a supportive monthly base and renewed policy-driven strength.
Ethereum is showing even stronger short-term performance, reacting more dynamically to the same policy tailwinds.
Watch Levels:
BTC: Support around $114.5K; eyes on $117K+ for continuation.
ETH: Breached $3,800—momentum suggests a climb toward new highs.
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