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.
