Overall Sentiment: Markets are showing signs of stabilization and modest growth, with top coins broadly in positive territory.
Total Market Cap: Up around 1.1%, currently sitting at approximately $3.95 trillion.Cryptonews
Major Movers:
Bitcoin (BTC): Slightly down or stable, trading near $113,700–$113,900.Barron'sCryptonewsThe Economic Times
Ethereum (ETH): Gaining ground—up between 2.3% and 4%, trading near $4,287–$4,300.CryptonewsThe Economic TimesBarron's
Other Altcoins: Solana, , DOGE, and others showing gains in the 1–6% range across the board.CryptonewsBarron'sIndiatimes
ETF Flows: Heavy institutional buying continues—$3.748 billion poured into crypto funds last week, with Ethereum overwhelmingly capturing most of that.CryptonewsBarron's
Macro Factors: All eyes are on Federal Reserve Chair Jerome Powell's upcoming Jackson Hole speech; expectations of interest-rate cuts are fueling cautious optimism.Barron'sCryptonews
Key Headlines
China Eyes Yuan-Backed Stablecoins
China is weighing the launch of stablecoins backed by the yuan—a strategic move to internationalize its currency and compete with USD-backed offerings. Key financial centers like Hong Kong and Shanghai are central to this plan.Reuters
Bitcoin Weekly Drop, Ethereum and Others Recovering
Bitcoin has dropped nearly 8% over the past week to around $113K, while Ethereum is showing strength with a daily gain of approximately 3%. Analysts see cautious optimism due to encouraging signs across top tokens.The Economic Times
What This Means for You
Risks vs. Opportunities: $BTC retracement may offer short-term buying opportunities, while $ETH rebound signals institutional confidence.
Watch Powell’s Speech: Any dovish tone from the Fed could reignite a broader crypto rally.
Stablecoin Landscape: China's interest in yuan-backed stablecoins could significantly reshape the global stablecoin market and geopolitical dynamics.
Solana's price is currently around $184.43 USD, showing a modest increase of 1.81% today. After reaching a six-month high near $210, $SOL SOL faced a 15.5% correction, stabilizing around $181. Analysts suggest this dip may be temporary, with potential for recovery towards the $200 level, supported by strong DeFi growth and rising institutional interest.
📊 Technical Outlook
Solana is currently trading around $180.18. Key resistance levels are at $186.3 and $195.4, while support levels are at $176.0 and $170.7. Indicators suggest a neutral trend with potential for consolidation in the $176–$186 range.
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Here’s the latest update on Bitcoin ($BTC ), featuring a handy price chart for a quick visual overview:
Bitcoin ($BTC )
$113,909.00
-$1,201.00(-1.04%)Today
1D5D1M6MYTD1Y5Ymax
Current Price Snapshot
Bitcoin Price ($USDT ): $113,909, down roughly 1.0% from the previous close. Intraday range: $113,882 to $116,997.
Trend: Reflects a slight pullback, possibly part of a short-term consolidation.The Economic TimesBarron's
Market Context & Commentary
Weekly Movement: Bitcoin has dropped nearly 4%, stabilizing under the $116,000 mark amid macroeconomic uncertainty. Analysts interpret this as a consolidation phase—a pause in action before the next move.The Economic Times
Recent Volatility: Yesterday, Bitcoin slipped approximately 2.3% to around $115,494, after setting a record price above $124,000—driven by optimism over potential Federal Reserve rate cuts. The decline was fueled by less dovish signals from wholesale price data and a statement from U.S. Treasury Secretary Scott Bessent about no further crypto acquisitions.Barron's
Macro Influence: Conversations around long-term targets, like the speculative possibility of Bitcoin reaching $1 million, continue—though they're purely theoretical at this stage, dependent on massive institutional and corporate adoption.Investopedia
The chart above gives a broader perspective of Bitcoin’s trajectory over time. It reflects the recent dip from its August highs and the ongoing adjustment period—typical in dynamic markets like crypto.
Today's Top Trending Cryptocurrencies & Market Highlights
Trending Coins (Based on Searches)
According to CoinGecko, the top searched cryptocurrencies in the last few hours are:
Wiki Cat (WKC): Surged impressively—+77.3% in 24 h and +144.3% over 7 days.
Bitcoin (BTC): Slight dip of –0.5% in 24 h.
Ethereum (ETH): Modest decline of –0.9% in 24 h. CoinGecko
Market Movers & Technical Outlook
Solana (SOL): Showing bullish momentum, having broken past the $192–195 resistance zone. Futures volume and open interest have jumped, suggesting strong buying interest.
Litecoin (LTC): Poised for a breakout—testing resistance at $135, with a possible rally toward $280 if weekly candles close decisively above.
Remittix (RTX): Gaining attention as a utility-driven PayFi project. It's already raised $19.3M and is close to listing on a major exchange. Indiatimes
Other notable gainers following institutional attention:
Cardano (ADA): Up ~13%, now around $0.8117—long-term interest and a potential push toward $1.15.
Chainlink (LINK): Up ~27%, trading at ~$21.29, with a possible target of $30.
Dogecoin (DOGE): Holding at ~$0.2245, supported by whale activity—and bulls eyeing $0.70. Indiatimes
Ethereum (ETH): Remarkable performance—+41% gain in one month, outpacing the broader crypto market's ~9% growth. Bitcoin is hovering around $119K. The Economic Times
Market Commentary & Macro Drivers
Bitcoin: Near record highs—its inclusion in U.S. 401(k) retirement plans could unleash up to $1 trillion in new investment, propelling BTC toward $150K. News.com.au
Crypto Hedge Funds: Tephra Digital delivered a 9% return in July, bringing its YTD to ~23%, reflecting broader institutional bullishness. FNLondon
Bitcoin (btc)
$115,070.00
-$295.00(-0.26%)Today
1D5D1M6MYTD1Y5Ymax
Ethereum ($ETH )
$4,238.29
-$44.25(-1.03%)Today
1D5D1M6MYTD1Y5Ymax
Bitcoin ($BTC ): Trading at around $115,070, slightly down for the day.
🚀 Strong Buy Signal Detected: $BIO Bullish momentum confirmed with high volume breakout, RSI above 50, and price holding key support — optimal entry zone for accumulation. $BIO I
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