Market Updates: Bitcoin Holds Key Support Amid Mixed Sentiment
Bitcoin (BTC) is trading around $114,783.29, with analysts divided on its near-term trajectory. While some predict a rally to $155,000 if it holds above $110,000, others warn of macroeconomic pressures.
Ethereum (ETH) gained 3.5% in 24 hours, buoyed by record inflows into spot ETFs, with key resistance at $4,000.
Read more: Bitcoin vs Ethereum: Which is Better for Investment?
Altcoins Show Diverging Trends
BNB retreated to $767 after its all-time high, but bullish sentiment persists due to a $1 billion token burn. Solana (SOL) tests critical support at $160-$175, while XRP surged 6% to $3.03 before stabilizing.
ADA remains range-bound at $0.71-$0.73, and DOGE shows a potential reversal pattern despite bearish momentum.
Read more: How to Deposit Solana into Kazawallet step by step
Stablecoins and Regulatory Developments
Tether (USDT) dominates with a $164.71 billion market cap, while USDC gains traction through JPMorgan’s credit card rewards program.
The SEC unveiled plans to overhaul crypto capital markets regulations, clarifying security token classifications and disclosure requirements.
Read more: USDT vs USDC: What’s the Different?
On-Chain Insights
Glassnode data reveals 7.9% of circulating Bitcoin is at a loss, with strong buy interest up to $121,000. Toncoin (TON) network activity surged, with new wallet addresses up 36.68% and whales accumulating aggressively.
Read more: Toncoin: Telegram’s Digital Currency 5 main points
Breaking News
The UK will reverse its ban on crypto ETNs for retail investors starting October 8, 2025. Meanwhile, July’s crypto hacks totaled $142 million, with CoinDCX and GMX as major victims.
Ethereum developers are considering EIP-9698 to boost throughput to 2,000 TPS.
