Market Overview: Volatility Dominates Crypto Trading
The cryptocurrency market showed significant volatility on August 3, 2025, with Bitcoin briefly dipping below $113,000. Market sentiment remains cautiously optimistic despite recent price corrections across major assets.
Bitcoin (BTC): Whale Activity Triggers Price Drop
Bitcoin’s price fluctuated below $113,000 after a dormant whale account sold 30,000 BTC. Traders show less confidence above the $114,000 resistance level, though long-term holders continue to maintain their positions according to Glassnode data.
Ethereum (ETH): Mixed Signals Amid ETF Outflows
Ethereum dropped 2.77% to $3,416.33 as ETFs experienced $152 million in outflows, ending a 20-day inflow streak.
Despite this, whale accumulation suggests potential upside with some analysts maintaining a $4,900 price target.
Read more: USDT vs Ethereum: A Comparison of Risks and Stability
Altcoin Movements
BNB: Range-Bound TradingBNB fluctuated between $740-$760 with mixed sentiment, though whale accumulation hints at potential upward movement.
Solana (SOL): SEC Announcement Impacts PriceSOL dropped to $160 following the SEC’s ‘Project Crypto’ announcement, with network congestion adding to bearish pressure.
XRP: Bearish Technicals PrevailXRP fell to $2.75 amid whale selling and negative technical indicators, though some analysts see rebound potential.
Read more: Bitcoin vs Ripple: Which is Better for Investment?
Breaking News
Cardano Treasury Funding Approved. The Cardano community voted to fund major protocol upgrades, including Ouroboros Leios and Hydra, through treasury allocations.
Coinbase to Delist Function XCoinbase announced it will delist FX token on August 15 due to the project’s migration to Pundi AI’s ecosystem.
On-Chain Insights
Glassnode reports show Ethereum whale accumulation continues despite ETF outflows, while Bitcoin faces resistance below $115,000. The Fear & Greed Index remains in ‘Greed’ territory for most assets.
