Daily Crypto News & Market Analysis – 2/8/2025

Bitcoin (BTC) Dips Below $115,000 Amid Cautious Sentiment

Bitcoin traded around $113,230.80 on August 2, 2025, as the Crypto Fear & Greed Index signaled declining bullish momentum.

Analysts suggest August may be a month of consolidation, with short-term holders contributing to recent profit-taking. Despite the dip, 96% of BTC supply remains in profit, according to Glassnode.

Read more: Bitcoin vs Ethereum: Which is Better for Investment?

Ethereum (ETH) Faces Resistance at $3,900

Ethereum retreated to the $3,600s after failing to hold above $3,900. Spot ETH ETFs recorded over $2.3 billion in inflows, indicating institutional interest despite technical oversold conditions.

BNB Whale Accumulation Signals Bullish Outlook

BNB whales are aggressively accumulating, with price predictions targeting $827.95 in August. The activity reflects strong confidence in BNB’s upside potential.

Solana (SOL) Drops 8% Amid Macro Uncertainty

SOL fell to $165 due to leveraged liquidations and broader market pressures. Traders remain cautious amid fluctuating liquidity conditions.

XRP Whale Activity Sparks Speculation

XRP hovered near $2.95 as Kraken transferred 82 million XRP. Analysts maintain long-term bullish targets despite short-term pressure.

Stablecoins Surpass $250B Market Cap

USDT dominates with $163.75B, followed by USDC ($64.08B) and DAI ($5.36B). Hong Kong’s new Stablecoins Ordinance now requires licensing for retail offerings.

Read more: USDT vs USDC: What’s the Different?

SEC Approves In-Kind ETF Mechanisms

The SEC greenlit in-kind creations for Bitcoin and Ethereum ETFs, allowing direct crypto settlements instead of cash—a milestone for institutional adoption.

Gate Exchange Launches in U.S. Market

Gate’s U.S. debut marks growing regulatory clarity, expanding access to crypto trading products.

Read more: Cryptocurrency Trading: The Essentials Before You Start.