Cryptocurrency markets are trending up on Tuesday, with altcoins once again outperforming Bitcoin.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$114,753.95</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$3,671.18</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$170.81</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$3.07</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2075</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001234</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>IntoTheBlock data shows Bitcoin and Ethereum large transaction increased by 49.4% and 112.3%, respectively. Daily active addresses grew 15.9% and decreased 1.6%, respectively.</li>



<li>Coinglass data shows 116,499 traders were liquidated in the past 24 hours for $304.68 million.</li>



<li>SoSoValue data shows net outflows of $333.2 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $465 million.</li>
</ul>



Trader Notes: Glassnode <a href="https://x.com/glassnode/status/1952636105154605482">data</a> shows Bitcoin steadily building out a staircase-like structure between $109,000 and $116,000, as investors continue accumulating during dips. There's minimal selling activity from holders in the $118,000–$120,000 range, suggesting strong conviction to hold rather than exit.



Crypto chart analyst Ali Martinez identifies $111,000 as a critical support level for Bitcoin. If BTC breaks below it, the next major demand zone sits around $90,000, based on Pricing Bands analysis.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">$111,000 is a critical support level for Bitcoin <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>. If it breaks, the next key demand zone sits around $90,000, according to the Pricing Bands. <a href="https://t.co/XfWbofw7ZS">pic.twitter.com/XfWbofw7ZS</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1952652294996234541?ref_src=twsrc%5Etfw">August 5, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Crypto trader Teddy Cleps <a href="https://x.com/TeddyCleps/status/1952626126074888432">says</a> ETH is breaking out of its downtrend channel and has re-entered its main uptrend channel. While some short-term consolidation is expected near the lower boundary, ETH is now positioned to climb toward new highs once it regains the upper channel.



Crypto trader Jelle notes that Solana is quietly building strength, forming higher lows and flipping resistance into support. A move back above $200 could spark momentum, with a new all-time high possible this quarter.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">People are hating on it, but <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a> is quietly trending higher. Higher lows, turning resistance levels back into support. Get back above $200 again, and I doubt the train stops anytime soon. New all-time highs, this quarter. <a href="https://t.co/abCacPzlFD">pic.twitter.com/abCacPzlFD</a>&mdash; Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1952668136928391399?ref_src=twsrc%5Etfw">August 5, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Trader Tardigrade <a href="https://x.com/TATrader_Alan/status/1952656343443353856">highlights</a> that DOGE is forming a weekly ascending broadening wedge, a bullish structure with higher highs and higher lows. If the pattern completes and breaks out, the near-term target is $1.40, driven by accelerated momentum.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46851753/ethereum-reclaims-3600-when-will-the-4000-resistance-break">Ethereum Reclaims $3,600: When Will The $4,000 Resistance Break?</a></li>
</ul>



Image: Shutterstock

Bitcoin Stalls While Ethereum, XRP, Dogecoin Continue To Climb

BitMine Immersion Technologies, Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#AMEX">BMNR</a>) is aggressively investing in Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), with its current holdings far exceeding those of the network's co-founder, Vitalik Buterin.



BMNR is gaining ground. Track <a href="https://www.benzinga.com/quote/BMNR">live prices here</a>.



<h2 class="wp-block-heading">World&#8217;s Biggest Ethereum Reserve</h2>



The company revealed holding 833,133 ETH tokens, worth nearly $3.0 billion, on Monday, making it the <a href="https://www.benzinga.com/trading-ideas/movers/25/08/46837768/bitmine-stock-is-trading-higher-monday-whats-going-on">world's largest Ethereum treasury</a> and the third-largest cryptocurrency treasury overall.



Interestingly, Ethereum&#8217;s co-founder Buterin owns far fewer ETH than this. According to blockchain analytics firm <a href="https://intel.arkm.com/explorer/entity/vitalik-buterin">Arkham</a>, the wallet tied to Buterin holds 240,042 ETH as of this writing, roughly a quarter of BitMine&#8217;s holdings.



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46824435/eric-trump-advises-to-buy-bitcoin-ethereum-dips-last-time-he-said-this-the-two-coins-fell-to-their-yearly-lows-in-barely-45-days">Eric Trump Advises To Buy Bitcoin, Ethereum Dips — Last Time He Said This, The Two Coins Fell To Their Yearly Lows In Barely 45 Days</a>



<h2 class="wp-block-heading">Wall Streeters Bet On ETH Play</h2>



Previously a small-cap Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining firm, BitMine's fortunes have soared <a href="https://www.benzinga.com/crypto/25/07/46187962/ethereum-the-next-big-thing-in-banking-tom-lee-thinks-so-and-wants-this-small-cap-company-he-chairs-to-front-run-the-likes-of-goldman-sachs-jpmorgan">since switching to an ETH treasury strategy</a>. The company wants to acquire 5% of the circulating ETH supply.



The company roped in popular Wall Street analyst Tom Lee as Chairman, while seasoned investors like Cathie Wood and Peter Thiel<a href="https://www.benzinga.com/crypto/25/07/46678140/bitmine-stock-falls-15-1-after-hours-as-peter-thiel-backed-company-files-shelf-offering-might-consider-ethereum-purchase-with-proceeds"> have acquired significant stakes</a>.



<h2 class="wp-block-heading">The Strategy Playbook</h2>



BitMine is replicating the cryptocurrency treasury blueprint popularized by Michael Saylor&#8217;s Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), but has opted for ETH over BTC. 



Lee said earlier that ETH will play a crucial role in the banking sector's future, and the <a href="https://www.benzinga.com/crypto/25/07/46187962/ethereum-the-next-big-thing-in-banking-tom-lee-thinks-so-and-wants-this-small-cap-company-he-chairs-to-front-run-the-likes-of-goldman-sachs-jpmorgan">company wants</a> to "get in front" of the impending accumulation by Wall Street giants.



Price Action: At the time of writing, ETH was trading at $114,57, up 3.12% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;&nbsp;



BitMine shares were up 1.51% in pre-market trading after closing 1.74% lower at $31.13 during Monday&#8217;s regular session. Since adopting the ETH treasury strategy, the stock has exploded 630%.



As of this writing, the stock demonstrated a very high Momentum score. Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> to see how Strategy and other Bitcoin-buying companies stack up.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="438" height="208" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/05061742/image-61.png" alt="" class="wp-image-1014858" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/05061742/image-61.png 438w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/05061742/image-61-300x142.png 300w" sizes="(max-width: 438px) 100vw, 438px" /></a></figure>



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/25/08/46847840/tom-lee-calls-ethereum-the-biggest-macro-trends-for-the-next-10-15-years-as-bitmine-becomes-largest-eth-holder-with-3-billion-treasury">Tom Lee Calls Ethereum The &#8216;Biggest Macro Trends For The Next 10–15 Years&#8217; As BitMine Becomes Largest ETH Holder With $3 Billion Treasury</a></li>
</ul>



Photo: Shutterstock

Ethereum Treasury Wave Sweeps Walls Street: This Company Now Holds Nearly 4x More ETH Than Vitalik Buterin

Ethereum&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) has rebounded above $3,600, sparking a discussion about whether the coveted $4,000 resistance <a href="https://www.benzinga.com/money/ethereum-eth-price-predictions#:~:text=Maximum%20Prediction%3A%20%244%2C783,regulatory%20developments%20could%20moderate%20prices.">may fall soon</a>.



What Happened: In his latest <a href="https://www.youtube.com/watch?v=dQmZiBgSOms">podcast</a>, analyst Benjamin Cowen predicted Ethereum could hit new all-time highs between $5,300 and $7,500 by the end of 2025, based on a harmonic "butterfly effect" pattern. 



Cowen expects short-term weakness to continue through September and October, mirroring historical cycle behaviour.



Cowen's outlook is rooted in Ethereum &#8220;going home&#8221; in April 2024, when ETH revisited its bull market support band for the first time since 2020. 



"When Ethereum goes home, it's usually a good opportunity to buy," Cowen said, noting this behaviour often aligns with ETH bottoming vs. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).



Drawing on past cycles, Cowen highlights that Ethereum's return to its regression band in 2016 and 2019 marked major bottom formations, followed by aggressive rallies to new highs. 



He expects a similar path: August–September weakness, a higher low, then a breakout to fresh cycle highs.



Cowen also compares ETH's current structure to Tesla's 2023 performance: both assets formed macro higher lows in April, rallied into mid-July, then pulled back. 



"Tesla may have given a blueprint for Ethereum," he observed, citing Tesla's December breakout as a model for ETH's potential year-end rally.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46823618/bitcoin-ethereum-xrp-dogecoin-continue-relief-rally-off-saturday-lows">Bitcoin, Ethereum, XRP, Dogecoin Continue Relief Rally Off Saturday Lows</a>



What's Next: Cowen's $5,300–$7,500 target is based on the butterfly harmonic pattern, with outcomes depending on timing and structure. 



If ETH breaks above $3,800–$3,900 before any September correction, the higher end of the range becomes more likely. 



But a failure to break resistance soon could keep it near the lower target. Key levels to watch are:



<ul class="wp-block-list">
<li>Support: Bull market support band around $2,400–$2,700, rising over time.</li>



<li>Resistance: The previous ATH at $4,800, a critical level for trend continuation.</li>
</ul>



Cowen emphasized the risk of a harsh bear market in 2026, predicting Ethereum will eventually return to its regression band, despite hitting new highs beforehand. 



"Path matters more than destination," he said, advising traders to understand ETH's tendency to retest support zones and to remain flexible in flipping bullish once key macro signals align.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46754477/ethereum-etfs-treasury-companies-now-hold-over-32b-in-eth-heres-whats-driving-the-frenzy">Ethereum ETFs, Treasury Companies Now Hold Over $32B In ETH: Here&#8217;s What&#8217;s Driving The Frenzy</a></li>
</ul>



Image: Shutterstock

Ethereum Reclaims $3,600: When Will The $4,000 Resistance Break?

Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) bumped to a five-month high Monday, buoyed by prospects for its spot exchange-traded fund approval.



<h2 class="wp-block-heading">LTC Breaks $121</h2>



The proof-of-work cryptocurrency popped over 9% to sail past $121, the highest it has been since early March. As of this writing, LTC was the market's third-biggest gainer in the last 24 hours.&nbsp;



The coin's trading volume skyrocketed 168% to $1.68 billion, reflecting high trader interest and liquidity.&nbsp;



LTC's spike overshadowed the more popular coins such as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), which gained 0.02% and 3.78%, respectively.



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46846547/palantir-fever-is-running-high-today-meanwhile-this-peter-thiel-backed-crypto-exchange-aims-for-4-3-billion-ipo">Palantir Fever Is Running High Today; Meanwhile, This Peter Thiel-Backed Crypto Exchange Aims For $4.3 Billion IPO</a>



<h2 class="wp-block-heading">What&#8217;s The Next Target?</h2>



Cryptocurrency commentator Rain set a $150 price target for the coin, projecting that big moves are "likely to come."



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Litecoin has been on a strong rise since April. Now trading above $120 at a critical level. $150 is the nearest target, with big moves likely to come. Volume and momentum pick up<a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LTC</a> is showing more strength than many altcoins. Time to return to all time highs is near. <a href="https://t.co/uPsHWfTLb1">pic.twitter.com/uPsHWfTLb1</a>&mdash; Rain (@raintures) <a href="https://twitter.com/raintures/status/1952575991412367478?ref_src=twsrc%5Etfw">August 5, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Diamond hands were piling on the coin, evidenced by the increase in the balance held by long-term holders, <a href="https://app.intotheblock.com/">according</a> to IntoTheBlock data. Moreover, whale transactions, i.e., those valued at over $100,000 increased 9.38% in the last 24 hours.



<h2 class="wp-block-heading">Spot ETF Frenzy</h2>



Excitement was building around an <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45188301/litecoin-defies-bitcoin-ethereum-dip-ahead-of-sec-etf-decision-a-delay-is-more-likely-says-expert">LTC spot ETF</a>, with popular asset management firms such as Grayscale, CoinShares and Canary Funds vying to introduce the $9 billion asset to Wall Street. The final deadline for the Canary ETF is set for Oct. 2.



As of this writing, cryptocurrency bettors on popular prediction platform Polymarket expected over <a href="https://polymarket.com/event/litecoin-etf-approved-in-2025">80%</a> chance of approval in 2025. Bloomberg analyst Eric Balchunas predicted earlier in the year that <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43047964/litecoin-surges-12-after-analyst-says-altcoin-most-likely-to-have-next-etf-after-bitcoin-ethereum">Litecoin would be the first altcoin ETF </a>in 2025



Price Action: At the time of writing, LTC was trading at $121.35, up 9.7% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;&nbsp;



Photo Courtesy: alfernec on Shutterstock.com



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46840318/bitcoin-holds-steady-as-ethereum-xrp-dogecoin-lead-altcoin-rally">Bitcoin Holds Steady As Ethereum, XRP, Dogecoin Lead Altcoin Rally</a></li>
</ul>

Litecoin Rallies Past Bitcoin, Dogecoin To Hit A 5-Month High As Spot ETF Approval Odds Spike

Fundstrat Global Advisors Head of Research Tom Lee said Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) is among the &#8220;biggest macro trends for the next 10-15 years&#8221; as BitMine Immersion Technologies Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#AMEX">BMNR</a>) announced on Monday it now holds 833,133 ETH tokens valued at $3.0 billion.



<h2 class="wp-block-heading">BitMine Achieves Record ETH Holdings</h2>



BitMine launched its ETH treasury strategy on June 30, completing the initial phase on July 8. The company now holds the world&#8217;s largest Ethereum treasury and ranks third globally in crypto holdings behind MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>).



&#8220;BitMine moved with lightning speed in its pursuit of the &#8216;alchemy of 5%&#8217; of ETH growing our ETH holdings to over 833,000 from zero 35 days ago,&#8221; said Lee, who serves as chairman of BitMine&#8217;s board.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Big milestone for BitMine today &#x1f389; &#x1f447; BMNR now owns 833,133 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> tokens, valued at $3.0 billion &#8211; largest ETH Treasury in the World &#8211; 3rd largest crypto treasury ETH remains one of the biggest macro trends for the next 10-15 years, as Wall Street financializes on blockchain… <a href="https://t.co/cIJqpt0OAO">https://t.co/cIJqpt0OAO</a> <a href="https://t.co/bXPlXM8CQK">pic.twitter.com/bXPlXM8CQK</a>&mdash; Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) <a href="https://twitter.com/fundstrat/status/1952379337799348466?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also: <a href="https://www.benzinga.com/news/politics/25/08/46847545/trump-prepares-to-impose-penalty-on-banks-found-to-discriminate-against-conservatives-crypto-firms-report">Trump Prepares To Impose Penalty On Banks Found To Discriminate Against Conservatives, Crypto Firms: Report</a>



<h2 class="wp-block-heading">Institutional Backing Strengthens Position</h2>



Iconic investor Bill Miller III, senior advisor to Miller Value Partners, recently took a significant stake in BitMine. He joins institutional investors including ARK&#8217;s Cathie Wood, MOZAYYX, Founders Fund, Pantera, <a href="https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-eth-holdings-exceed-833-000-tokens-valued-in-excess-of-2-9-billion-and-largest-eth-treasury-in-world-302520506.html">Kraken</a>, Digital Currency Group, and Galaxy Digital, supporting BitMine&#8217;s goal of acquiring 5% of the total ETH supply.



Miller III previously invested in MicroStrategy in late 2020 following its Bitcoin treasury pivot. &#8220;What is intriguing is BitMine is set to be very profitable once the Company turns on ETH staking,&#8221; Miller III stated.



<h2 class="wp-block-heading">Market Liquidity Surge</h2>



BitMine now ranks as the 42nd most liquid U.S. stock, trading an average $1.6 billion daily volume over five sessions, according to Fundstrat data. This places BMNR behind Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) among 5,704 U.S.-listed stocks.



Lee previously emphasized <a href="https://www.benzinga.com/crypto/25/07/46434516/tom-lee-says-ethereum-set-for-breakout-as-stablecoins-become-chatgpt-moment-for-wall-street-and-crypto">Ethereum&#8217;s institutional adoption</a>, noting JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) built its stablecoin on Ethereum while Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) develops tokenization infrastructure on the platform. 



Price Action: Bitmine Immersion Technologies closed at $31.13 on Monday, down 2.96%, but rose 1.92% after hours. The stock is up 344.71% year to date. Meanwhile, Ethereum traded at $3,656.62, up 3.49% in the last 24 hours, with a market cap of $441.38 billion and a 9.86% gain year to date.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/08/46847475/palantir-surges-over-4-in-after-hours-trading-on-strong-q2-earnings-analyst-warns-august-could-trigger-mean-reversion-as-pltr-trades-at-80x-revenue">Palantir Surges Over 4% In After Hours Trading On Strong Q2 Earnings—Analyst Warns August Could Trigger &#8216;Mean Reversion&#8217; As PLTR Trades At 80x Revenue</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo Courtesy: Zakharchuk on Shutterstock.com

Tom Lee Calls Ethereum The 'Biggest Macro Trends For The Next 10–15 Years' As BitMine Becomes Largest ETH Holder With $3 Billion Treasury

The White House is preparing an executive order to impose penalties on banks allegedly discriminating against conservatives and cryptocurrency firms, according to a report on Monday.



<h2 class="wp-block-heading">Order Targets &#8216;Discriminatory&#8217; Policies</h2>



The executive order could impose fines on financial institutions that sever ties with customers for political reasons, The Wall Street Journal <a href="https://www.wsj.com/finance/regulation/white-house-preps-order-to-punish-banks-that-discriminate-against-conservatives-8af18854">reported</a>. The draft order&nbsp;directs regulators to investigate&nbsp;whether any banks&nbsp;have violated the Equal Credit&nbsp;Opportunity Act, antitrust laws or consumer financial protection laws.&nbsp;



The order might be signed as early as this week, the report said, citing people familiar with the matter, but there could be delays or alterations to the administration&#8217;s plans.



The White House didn&#8217;t immediately return Benzinga&#8217;s request for comment.



See Also:&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46831607/bitcoin-mining-with-nuclear-energy-french-lawmakers-are-considering-it">Bitcoin Mining With Nuclear Energy? French Lawmakers Are Considering It</a>



<h2 class="wp-block-heading">Tussle Between Crypto Industry And Regulators To End?</h2>



The tension between banks and the cryptocurrency industry escalated during the Biden administration, with cryptocurrency behemoth Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41735471/coinbase-ceo-brian-armstrong-criticizes-regulatory-overreach-nothing-to-capture-in-small-g">accusing the Federal Deposit Insurance Corporation</a> of instructing banks to halt or refrain from offering cryptocurrency-banking services. The company <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39526310/coinbase-sues-sec-and-fdic-over-alleged-attempts-to-stifle-crypto-industry">sued </a>the regulator last year for failing to comply with Freedom of Information Act requests.



An FDIC spokesperson told Benzinga earlier that Coinbase executives misinterpreted their guidance to banks.



However, things appear to have taken a significant turn under President Donald Trump. The SEC <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43181875/sec-repeals-sab-121-policy-that-restricted-banks-from-providing-custody-services-for-bitcoin-crypto-mom-says-bye-bye">repealed a cryptocurrency accounting directive</a> earlier this year that prevented banking institutions from providing custodial services for digital assets.



Notably, both the Senate and the House voted unanimously to overturn the directive last year. However, the&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39214376/biden-vetoes-bipartisan-bill-to-overturn-secs-crypto-custody-rules" target="_blank" rel="noreferrer noopener">resolution was vetoed</a>&nbsp;by the White House under former President&nbsp;Joe Biden.



The SEC launched a new initiative called "<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46770711/sec-launches-project-crypto-heres-what-it-means-for-you">Project Crypto</a>" last week, aimed at revamping securities regulations to accommodate blockchain-based financial systems. 



The COIN stock rose 1.11% to $318.17 during Monday&#8217;s regular trading session. As of this writing, it ranked higher on the Momentum and Value rankings. Compare the stock&#8217;s performance with &#8220;Mag 7&#8221; firms, using the <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="443" height="192" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/05002334/image-45.png" alt="" class="wp-image-1014283" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/05002334/image-45.png 443w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/05002334/image-45-300x130.png 300w" sizes="(max-width: 443px) 100vw, 443px" /></figure>



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46723859/trumps-advisors-just-laid-out-a-crypto-blueprint-heres-whats-in-it">Trump&#8217;s Advisors Just Laid Out A Crypto Blueprint—Here&#8217;s What&#8217;s In It</a></li>
</ul>



Photo Courtesy: Rawpixel.com on Shutterstock.com



Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Trump Prepares To Impose Penalty On Banks Found To Discriminate Against Conservatives, Crypto Firms: Report

Cryptocurrency exchange&nbsp;Bullish&nbsp;is targeting a valuation of&nbsp;up to $4.32 billion in&nbsp;its upcoming initial public offering in the U.S., the company disclosed on Monday.



<h2 class="wp-block-heading">Details Of The IPO</h2>



Bullish, <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43493995/peter-thiel-backed-crypto-exchange-reportedly-plans-ipo-in-2025-amid-bitcoin-and-digital-currency-boom">backed </a>by billionaire investor and entrepreneur Peter Thiel, is seeking to raise&nbsp;up to $629.3 million by&nbsp;offering 20.3 million shares priced&nbsp;between $28 and $31 each. The company applied to list the shares on the New York Stock Exchange under the ticker "BLSH.&#8221;



&#8220;We have granted the underwriters an option for a period of 30 days from the date of this prospectus to purchase up to 3,045,000 additional Ordinary Shares, at the initial public offering price, less underwriting discounts and commissions,&#8221; Bullish said. JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) are the lead underwriters.



See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/08/46824435/eric-trump-advises-to-buy-bitcoin-ethereum-dips-last-time-he-said-this-the-two-coins-fell-to-their-yearly-lows-in-barely-45-days" target="_blank" rel="noreferrer noopener">Eric Trump Advises To Buy Bitcoin, Ethereum Dips — Last Time He Said This, The Two Coins Fell To Their Yearly Lows In Barely 45 Days</a>



The company added that the total number of shares outstanding could go up to 139,528,739 after the offering, potentially valuing the IPO at $4.32 billion.



<h2 class="wp-block-heading">Second Time Lucky</h2>



This is the second time Bullish has attempted to go public in the last four years. The company initially planned to go public through a special purpose acquisition company in 2021, but the plan was abandoned in 2022 due to regulatory challenges.



The company intends to convert a significant part of the IPO proceeds into U.S.-dollar-denominated stablecoins with the&nbsp;assistance of one or more&nbsp;issuers of such tokens.



Bullish also operates a crypto news website, CoinDesk, which it&nbsp;acquired&nbsp;from Barry Silbert&#8217;s Digital Currency Group in 2023. The firm, led by CEO&nbsp;Tom Farley,&nbsp;has over 275 employees globally and operates in Hong Kong, the U.S. and Europe.



<h2 class="wp-block-heading">&#8216;Bullish&#8217; Momentum For Crypto In The US</h2>



The cryptocurrency industry has gained momentum due to the Trump administration&#8217;s friendly policymaking, <a href="https://www.benzinga.com/government/regulations/25/05/45511929/coinbase-ceo-brian-armstrong-hails-huge-win-as-genius-act-advances-with-bipartisan-senate-support">including&nbsp;the recent passage of the&nbsp;GENIUS Act</a>, which provides an&nbsp;initial regulatory framework for stablecoins. 



Notably, Circle Internet Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>), a prominent stablecoin issuer, recorded a blockbuster public listing in June, surging 138% since its debut.



The stock demonstrated a low Value score as of this writing. Are you looking for cryptocurrency-linked stocks for your portfolio? Check out&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>&nbsp;to filter out the best performers on other key measures such as Momentum, Growth, and Quality.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="442" height="193" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04230306/image-43.png" alt="" class="wp-image-1014210" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04230306/image-43.png 442w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04230306/image-43-300x131.png 300w" sizes="(max-width: 442px) 100vw, 442px" /></a></figure>



Meanwhile, Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), co-founded by Thiel, reported financial results for the second quarter after the market closed, with revenue and earnings <a href="https://www.benzinga.com/markets/earnings/25/08/46840353/palantir-q2-earnings-revenue-eps-beat-estimates-company-raises-guidance-citing-astonishing-impact-of-ai-leverage">smashing analysts&#8217; expectations</a>. The firm topped $1 billion in quarterly revenue for the first time.



Photo: Hepha1st0s On Shutterstock.com



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/08/46846296/palantir-hims-hers-american-eagle-joby-aviation-and-amd-why-these-5-stocks-are-on-investors-radars-today">Palantir, Hims &amp; Hers, American Eagle, Joby Aviation And AMD: Why These 5 Stocks Are On Investors&#8217; Radars Today</a></li>
</ul>

Palantir Fever Is Running High Today; Meanwhile, This Peter Thiel-Backed Crypto Exchange Aims For $4.3 Billion IPO

Bitcoin was steady, but Ethereum surged on Monday as companies aggressively bought the second-largest cryptocurrency for their reserves.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 9:30 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-0.01%</td><td>$114,846.41</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+4.21%</td><td>$3,694.69</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+3.66%</td><td>$0.2092</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+1.87%</td><td>$3.07</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+3.13%</td><td>$169.27</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Institutional Buying Boosts ETH</h2>



Bitcoin oscillated between $114,700 and $115, 500 for most of the day, with the intraday peak at $115,729.47.



Ethereum, on the other hand, rose steeply, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46832921/sharplink-ups-ethereum-bets-closes-in-on-500000-eth-holdings">buoyed by aggressive accumulation</a> by ETH treasury companies, including SharpLink Gaming Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>).



Over $211 was liquidated from the cryptocurrency market in the last 24 hours, with $141 million in downside bets wiped out.



Bitcoin's open interest fell by 0.88% in the last 24 hours, while Ethereum's open interest rose 2.62% in the same time. Interestingly, Binance Futures still leaned bullish for BTC, according to the Long/Short ratio.



The "greed" sentiment weakened over the last 24 hours, according to the Crypto Fear &amp; Greed Index.



Top Gainers (24 Hours)



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 9:30 p.m. ET)</th></tr></thead><tbody><tr><td>Memecore (M)&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+28.52%</td><td>$0.5738</td></tr><tr><td>Mantle (MNT)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+15.64%</td><td>$0.823</td></tr><tr><td>Litecoin (LTC)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+9.08%</td><td>$121.21 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.77 trillion, gaining 1.01% in the last 24 hours.



<h2 class="wp-block-heading">Stocks Recover After Friday Blues</h2>



Stocks bounced back on Monday after Friday's sell-off. The Dow Jones Industrial Average rose 585.06 points, or 1.34%, to close at 44,173.64. The S&amp;P 500 gained 1.47% to end at 6,329.94. The tech-heavy Nasdaq Composite spiked 1.95% to settle at 21,053.58.



Stocks closed last week in the red, precipitated by the <a href="https://www.benzinga.com/markets/equities/25/08/46809585/fed-interest-rates-trump-powell-jobs-data-wall-street">worse-than-expected July jobs report</a> and President Donald Trump imposing a new wave of <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46781583/trump-slaps-35-tariff-on-canadian-goods-hits-68-other-nations-with-new-trade-war-amid-fentanyl-security-china-tensions">import duties on key trading partners</a>.



<h2 class="wp-block-heading">Analyst Sees Big Bull Run For Bitcoin, Altcoins</h2>



Widely followed cryptocurrency analyst and trader Bob Loukas noted Bitcoin's retest of its May cycle high, suggesting a potential 60-day cycle peak.



"Most cycles have retests or lower lows, but this stage of the bull market don&#8217;t count on them," the analyst said. "Hoping for a strong push to a late Aug high, followed by the Weekly cycle decline into Sept."



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> retested the May Cycle high. That might be it for this 60-day Cycle. Most cycles have retests or lower lows, but this stage of the bull market don&#39;t count on them. Hoping for a strong push to a late Aug high, followed by the Weekly cycle decline into Sept. <a href="https://t.co/sXt40OW900">pic.twitter.com/sXt40OW900</a>&mdash; Bob Loukas &#x1f5fd; (@BobLoukas) <a href="https://twitter.com/BobLoukas/status/1952411621554544716?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Another popular commentator, Michaël van de Poppe, said the market was looking "absolutely magnificent" for a big bull run for Bitcoin and altcoins, but stressed the significance of breaking a significant resistance around the early $115,00s.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I think the markets are looking absolutely magnificent for a big bull run in the second half of this year for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> and <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a>. However, let&#39;s crack this resistance first and then we&#39;ll be even happier. Wouldn&#39;t be surprised with a final sweep before we go up. <a href="https://t.co/UcSmcsDYBC">pic.twitter.com/UcSmcsDYBC</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1952454491623792688?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: Travis Wolfe on Shutterstock.com



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/entertainment/25/08/46844019/coinbase-ceo-brian-armstrong-has-a-7-hour-playlist-with-one-song-on-repeat-helps-me-do-deep-focused-work">Coinbase CEO Brian Armstrong Has A 7-Hour Playlist With One Song On Repeat: &#8216;Helps Me Do Deep Focused Work&#8217;</a></li>
</ul>

Bitcoin Trades Flat; Ethereum, Dogecoin Spike: Market Looking 'Absolutely Magnificent' For Crypto Bull Run, Says Analyst

Many investors and entrepreneurs <a href="https://www.benzinga.com/markets/earnings/25/07/46684547/spotify-user-base-grows-but-profitability-concerns-linger">listen to music </a>throughout their daily routines. Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CEO Brian Armstrong sometimes listens to the same song over and over, thanks to a Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) playlist.



How is COIN trading now? <a href="https://www.benzinga.com/quote/COIN">Track it here.</a>



What Happened: Armstrong, who once<a href="https://www.benzinga.com/markets/cryptocurrency/21/04/20660641/coinbase-ceo-brian-armstrong-on-his-companys-beginnings-satoshis-whitepaper-sleeping-in-of"> slept in the Coinbase office </a>during the early days, has helped transform the cryptocurrency trading platform company into one of the largest in the sector today.



Coinbase is often looked to as a leader in the cryptocurrency sector and a soaring price for Bitcoin over the last year has put companies such as Coinbase in the spotlight again. Armstrong is among the cryptocurrency executives helping push regulations for the sector in the U.S.



One of the secret weapons for Armstrong may be his listening habits. A <a href="https://panamaplaylists.com/">leak </a>of Spotify playlists revealed the Coinbase CEO has a playlist that contains the same song 60 times.



"From the Spotify leak — I've been exposed for having a 7-hour-long playlist with only one song on it. It helps me do deep focused work, don't ask me why," Armstrong <a href="https://x.com/brian_armstrong/status/1951063905448632382">tweeted</a>.



The Coinbase CEO appears to have confirmed the playlist exists and is used for his key work.



The song used in Armstrong's playlist is "Long Way Home" from music producer and DJ Gareth Emery. The song comes in at 7 minutes 25 second long, making the playlist around 7.5 hours long. &nbsp;



Emery took to social media to show his appreciation for Armstrong.



"I love this! Back when I wrote it, everyone thought 7 minutes was way too long and it needed cutting down — glad I kept it exactly as it was, and love seeing that it's still out there doing good in the world!" Emery <a href="https://x.com/garethemery/status/1951121724726190189">tweeted</a>.



Read Also: <a href="https://www.benzinga.com/crypto/25/08/46821810/coinbase-ceo-brian-armstrong-defends-uk-ad-ban-if-you-cant-say-it-then-there-must-be-a-kernel-of-truth-in-it">Coinbase CEO Brian Armstrong Defends UK-Ad Ban: &#8216;If You Can&#8217;t Say It, Then There Must Be A Kernel Of Truth In It&#8217;</a>



Why It's Important: The Panama Playlists provides top song picks for playlists made by CEOs and politicians.



Some names on the list, such as Armstrong, have confirmed the leak as true.



The report has put a spotlight on Spotify's privacy settings that allow users to have their playlists made public for friends and others.



Armstrong has 10 public playlists according to the report. Other jams loved by the Coinbase CEO include:



<ul class="wp-block-list">
<li>"Two Suns In The Sky" by Davi</li>



<li>"Greatest Love of All" by Whitney Houston</li>



<li>"SOL" by Pryda</li>



<li>"Wait For It" by the Original Broadway cast of Hamilton</li>



<li>"Shallow" by Lady Gaga and Bradley Cooper</li>
</ul>



When it comes to listening habits, there could have been more embarrassing song choices and playlist titles than the ones that belong to Armstrong. For those bullish on Bitcoin, perhaps the 7:25 &#8220;Long Way Home&#8221; can keep some rallies going in the future.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/earnings/25/07/46776113/coinbase-q2-earnings-highlights-sales-eps-miss-40-slide-in-trading-volume">Coinbase Q2 Earnings Highlights: Sales, EPS Miss, 40% Slide In Trading Volume</a></li>
</ul>



Photos: Spotify via Shutterstock, Brian Armstrong, Courtesy Coinbase

Coinbase CEO Brian Armstrong Has A 7-Hour Playlist With One Song On Repeat: 'Helps Me Do Deep Focused Work'

Cryptocurrency markets are rallying on Monday, led by notable Ethereum outperformance.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$114,668</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$3,680.47</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$165.72</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$3.05</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2055</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001237</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 0.1% and grew 3.97%, respectively. Daily active addresses dropped by 10.4% and increased 3.9%, respectively.</li>



<li>Coinglass data shows 85,818 traders were liquidated in the past 24 hours for $234.22 million.</li>



<li>The top gainers in the past 24 hours include MemeCore (CRYPTO: M), Mantle (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MNT</a>) and Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>).</li>
</ul>



Notable Developments:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46832921/sharplink-ups-ethereum-bets-closes-in-on-500000-eth-holdings">SharpLink Ups Ethereum Bets, Closes In On 500,000 ETH Holdings</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46831607/bitcoin-mining-with-nuclear-energy-french-lawmakers-are-considering-it">Bitcoin Mining With Nuclear Energy? French Lawmakers Are Considering It</a></li>



<li><a href="https://www.benzinga.com/crypto/25/08/46821810/coinbase-ceo-brian-armstrong-defends-uk-ad-ban-if-you-cant-say-it-then-there-must-be-a-kernel-of-truth-in-it">Coinbase CEO Brian Armstrong Defends UK-Ad Ban: &#8216;If You Can&#8217;t Say It, Then There Must Be A Kernel Of Truth In It&#8217;</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46825980/vandalism-against-satoshi-nakamoto-statue-sparks-protest-you-can-steal-our-symbol-but-you-will-never-be-able-to-steal-our-souls">Vandalism Against Satoshi Nakamoto Statue Sparks Protest: You Can Steal Our Symbol, But You Will Never Be Able To Steal Our Souls&#8217;</a></li>



<li><a href="https://www.benzinga.com/crypto/25/08/46823971/how-coinbase-robinhood-circle-could-benefit-from-the-secs-new-project-crypto">How Coinbase, Robinhood, Circle Could Benefit From The SEC&#8217;s New &#8216;Project Crypto&#8217;</a></li>
</ul>



 Trader Notes: Michael van de Poppe notes that while Bitcoin has broken to the upside, it's still struggling at a major resistance level, with no clear trend reversal confirmed yet.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Good break upwards, however, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is still stagnating at this crucial resistance level. There&#39;s no confirmation of a trend reversal as of yet. <a href="https://t.co/yaTwDcwIFd">pic.twitter.com/yaTwDcwIFd</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1952410308020212173?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Bob Loukas highlights that BTC has retested its May cycle high, potentially marking the peak of this 60-day cycle. 



While lower lows or retests are common in cycles, he notes they become less predictable in advanced bull markets. 



His outlook suggests a strong rally toward a late August high, followed by a cycle decline into September.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> As said before, this move to the downside wasn't necessarily unexpected. Bounced off pretty strong, but didn't hit the demand zone yet. Still believe August is a choppy month, even though this move came quicker than expected. Whether we follow the green or red scenario in… <a href="https://t.co/85depkQq8d">pic.twitter.com/85depkQq8d</a>&mdash; Andrew Crypto (@AndrewCryptoHQ) <a href="https://twitter.com/AndrewCryptoHQ/status/1952368634040385738?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Andrew Crypto <a href="https://x.com/AndrewCryptoHQ/status/1952368634040385738">explains</a> that Bitcoin's recent dip wasn't surprising and was followed by a strong bounce, though it still hasn't tapped into the key demand zone. 



He expects continued chop through August, with a move toward the supply zone likely regardless of whether BTC follows a bullish or bearish short-term path.



Rekt Capital <a href="https://x.com/rektcapital/status/1952402162564444537">points</a> out that after completing a full fill of the Daily CME Gap, Bitcoin is now trying to reclaim higher ground. The crucial level to watch is $116,000, which marks the top of the gap and a potential trigger for further upside.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46829813/bitcoin-rebounds-above-115000-what-does-technical-analysis-say-about-its-next-move">Bitcoin Rebounds Above $115,000: What Does Technical Analysis Say About Its Next Move?</a></li>
</ul>



Image: Shutterstock

Bitcoin Holds Steady As Ethereum, XRP, Dogecoin Lead Altcoin Rally

U.S. stocks bounced back sharply Monday, recovering from Friday's sell-off triggered by renewed concerns over<a href="https://www.benzinga.com/markets/economic-data/25/08/46792479/july-nonfarm-payrolls-trump-powell-labor-market"> a weakening labor market.</a>



<ul class="wp-block-list">
<li>SPY is rallying today. <a href="https://www.benzinga.com/quote/SPY">Track it now here.</a></li>
</ul>



Despite the softer jobs data, investors found fresh optimism in rising expectations for Federal Reserve rate cuts. Markets are now pricing in an 88% chance of a 25-basis-point cut in September, with a 62% probability of another cut in October.



The Nasdaq 100 climbed 1.8%, trimming Friday's 2% loss, while the S&amp;P 500 rose 1.4% after falling 1.6%.



On the trade front, President Donald Trump threatened further tariffs on India, accusing the country of reselling discounted Russian oil at a profit on global markets.



Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) — the S&amp;P 500's top-performing stock this year — rose 3.7% ahead of its earnings report due after the close.



The U.S. dollar held steady after Friday's steep 1.4% drop, its worst session in nearly four months. Treasury yields continued to slide, with 30-year yields touching a one-month low at 4.79%.



Gold extended gains on lower yields and tariff fears, up 0.5% to $3,370 per ounce, while silver added 0.8% to $37.32.



Oil dropped 1.6% after OPEC+ confirmed a widely anticipated production boost of 547,000 barrels per day starting in September.



Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) edged up 0.6% to $115,000.



<h1 class="wp-block-heading">Monday&#8217;s Performance In Major U.S. Indices, ETFs</h1>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Major Indices</td><td>Price</td><td>1-day %</td></tr><tr><td>Nasdaq 100</td><td>23,170.16</td><td>1.8%</td></tr><tr><td>Russell 2000</td><td>2,201.90</td><td>1.7%</td></tr><tr><td>S&amp;P 500</td><td>6,322.52</td><td>1.4%</td></tr><tr><td>Dow Jones</td><td>44,116.19</td><td>1.2%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated at 12:40 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) rose 1.4% to $579.32.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 1.3% to $441.15.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;soared 1.7% to $563.37.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.7% to $218.64.</li>



<li>The&nbsp;Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 2%; the&nbsp;Energy&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 0.2%.</li>
</ul>



<h2 class="wp-block-heading">Monday&#8217;s Stock Movers</h2>



<ul class="wp-block-list">
<li>Idexx Laboratories Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDXX#NASDAQ">IDXX</a>) soared 26% after beating Street&#8217;s estimates on both earnings and revenue last quarter. </li>



<li>Other stocks reacting to earnings reports included Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>), up 4.5%; Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), up 11.6% and ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), down 11.4%.</li>



<li>Berkshire Hathaway Inc. B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) sank 3%, reaching late January&#8217;s lows, after the company reported a 4% year-over-year decline in second-quarter operating profit, which fell to $11.2 billion. The company also disclosed a $3.76 billion writedown on its stake in Kraft Heinz Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) in the second quarter.</li>



<li>Joby Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) surged 20.5% after announcing plans to acquire Blade Air Mobility in a deal valued at up to $125 million, expanding its electric air taxi footprint.</li>



<li>CommScope Holding Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) exploded 88% following a report from The Wall Street Journal that Amphenol Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) is close to acquiring its broadband and cable business for $10.5 billion.</li>
</ul>



Read Now:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/large-cap/25/08/46830614/vix-august-volatility-seasonal-strategy">Wall Street&#8217;s Fear Gauge Is Back–And Buying It Might Save Your Summer</a> Photo: Shutterstock<a href="https://www.benzinga.com/markets/large-cap/25/08/46830614/vix-august-volatility-seasonal-strategy"> </a></li>
</ul>

Wall Street Rebounds Ahead Of Palantir Earnings: What's Moving Markets Monday?

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) is back above the 20 cents market, sparking <a href="https://www.benzinga.com/money/dogecoin-doge-price-prediction">renewed optimism among traders</a>.



What Happened: In an update in his exclusive Patreon group, prominent analyst Kevin pointed out that DOGE rebounded from $0.189, a confluence of the 0.5 Fibonacci level and the weekly bull market support band.



He says that to confirm a short-term recovery, DOGE needs to reclaim the $0.22 level, which would place it above both the 4-hour and daily 200 SMA/EMA. Momentum indicators are turning bullish, suggesting a potential higher low forming on the higher time frames.



However, Kevin also cautions that Dogecoin's fate is tied to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holding current levels and breaking above the $120,000–$123,000 zone to invalidate the ongoing weekly bearish divergence.



Trader Cantonese Cat <a href="https://x.com/cantonmeow/status/1952059860532474139">said</a> he has increased his DOGE holdings, citing a favorable risk-reward setup. He expects a bull market support band backtest along with a breakout and retest of a long-term bear market trendline, reinforcing his bullish stance.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46685084/dogecoin-drops-15-in-1-week-why-do-whales-keep-buying-the-dip">Dogecoin Drops 15% In 1 Week: Why Do Whales Keep Buying The Dip?</a>



What's Next: XForceGlobal <a href="https://x.com/XForceGlobal/status/1952388948686463125">remains</a> optimistic, noting that DOGE is one of the few altcoins with a realistic shot at surpassing its previous all-time high in this cycle. He's focusing only on assets with strong return potential, and DOGE remains high on his list.



Trader Tardigrade draws parallels between DOGE's current pattern and a historical bullish setup. 



In the previous cycle, a 65% drop was followed by a triple bottom and a strong rally. 



Currently, DOGE has already retraced 73%, formed two clear bottoms, and is now developing a third.



If this pattern completes, it could trigger a major rally and signal a trend reversal.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Doge</a>/D3: In the previous structure, we observed a 65% drop followed by three bottoms in line and a decent surge. In the current structure, <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> has reached a 73% correction, which is considered sufficient. Two bottoms have been seen, and the formation of the third bottom is… <a href="https://t.co/11DrORcKOH">pic.twitter.com/11DrORcKOH</a>&mdash; Trader Tardigrade (@TATrader_Alan) <a href="https://twitter.com/TATrader_Alan/status/1952331955804279089?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46823618/bitcoin-ethereum-xrp-dogecoin-continue-relief-rally-off-saturday-lows">Bitcoin, Ethereum, XRP, Dogecoin Continue Relief Rally Off Saturday Lows</a></li>
</ul>



Image: Shutterstock

Dogecoin Recovers Above 20 Cents: Where Is DOGE Headed Next?

<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46754477/ethereum-etfs-treasury-companies-now-hold-over-32b-in-eth-heres-whats-driving-the-frenzy">SharpLink Gaming Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) has continued its aggressive expansion into digital assets with a fresh $66.63 million purchase of Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).



What Happened: The company acquired 18,680 ETH just minutes before the update was flagged by on-chain analytics platform Lookonchain.



With this <a href="https://x.com/lookonchain/status/1952369187407761659">transaction</a>, SharpLink now holds 498,711 ETH, valued at approximately $1.81 billion at current prices, making it one of the most prominent corporate holders of Ethereum globally.



Founded in 2021 and publicly traded on the Nasdaq, SharpLink originally operated as a sports betting and iGaming technology provider. 



Over the past year, however, the company has undergone a dramatic strategic pivot, focusing heavily on digital asset accumulation, particularly Ethereum, and repositioning itself as a crypto-native treasury-first enterprise.



SharpLink's aggressive ETH purchases have come in waves, with multiple large-scale wallet transfers tracked on-chain throughout 2025. 



The company has not publicly commented in detail on the rationale behind its Ethereum strategy, but its recurring multi-million-dollar acquisitions signal a long-term belief in Ethereum&#8217;s value as a treasury reserve and possibly a foundational element for future blockchain-based gaming or betting infrastructure.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46825980/vandalism-against-satoshi-nakamoto-statue-sparks-protest-you-can-steal-our-symbol-but-you-will-never-be-able-to-steal-our-souls">Vandalism Against Satoshi Nakamoto Statue Sparks Protest: You Can Steal Our Symbol, But You Will Never Be Able To Steal Our Souls&#8217;</a>



Why It Matters: Today's purchase coincided with a sharp rise in SharpLink's stock price.



Shares jumped 12.66% to $19.31 as of 11:13 a.m. ET on August 4, up from the previous close of $17.14. The day's high touched $20.14 before slightly retreating, according to data from Benzinga Pro.



Longer-term price action has been even more dramatic. 



Over the past six months, SBET stock has surged 281.55%, according to data, riding on investor enthusiasm for its Ethereum-heavy balance sheet and speculative exposure to crypto markets. 



The stock has traded in an extraordinary range this year, from as low as $2.26 to as high as $124.12, underlining both extreme volatility and market intrigue.



SharpLink currently commands a $2.07 billion market cap with an average daily volume of 42.27 million shares. 



The company's financial statements have yet to reveal significant operating income from Ethereum holdings, but the sheer size of its treasury indicates a Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)-style play, only built around Ethereum rather than Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).



Read Next: 



<ul class="wp-block-list">
<li><a style="font-weight: bold;" href="https://www.benzinga.com/crypto/25/08/46823971/how-coinbase-robinhood-circle-could-benefit-from-the-secs-new-project-crypto">How Coinbase, Robinhood, Circle Could Benefit From The SEC&#8217;s New &#8216;Project Crypto&#8217;</a></li>
</ul>



Image: Shutterstock

SharpLink Ups Ethereum Bets, Closes In On 500,000 ETH Holdings

France&#8217;s far-right political bloc is pushing an <a href="https://www.benzinga.com/topic/bitcoin-mining">ambitious plan to mine</a> Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) using excess energy generated by the country's nuclear power plants.



What Happened: The initiative, led by Rassemblement National (RN) lawmakers, marks a striking turn from the party's prior hostility toward cryptocurrencies, and signals a broader ideological shift within European digital asset politics, according to a local news <a href="https://www.lemonde.fr/en/politics/article/2025/07/30/how-france-s-far-right-is-betting-on-cryptocurrencies_6743899_5.html">report</a> published on July 30.



During a March visit to the Flamanville nuclear facility, party leader Marine Le Pen endorsed the idea of using surplus electricity to power Bitcoin mining operations. 



The plan would place high-performance computing rigs directly at nuclear sites, converting idle energy into freshly minted Bitcoin, now valued at over €100,000 each.



"This is a secure and highly profitable solution," said RN lawmaker Aurélien Lopez-Liguori, who is currently drafting legislation to bring the concept to parliament. 



He contrasted the proposal with environmentalist positions, stating, "For the Greens, the best energy is what isn't produced. For us, it's energy that isn't wasted."



Also Read: <a href="https://www.benzinga.com/crypto/25/08/46823971/how-coinbase-robinhood-circle-could-benefit-from-the-secs-new-project-crypto">How Coinbase, Robinhood, Circle Could Benefit From The SEC&#8217;s New &#8216;Project Crypto&#8217;</a>



Why It Matters: While this marks RN's most concrete proposal on crypto to date, the party&#8217;s stance on digital currencies has shifted dramatically over the years, from calls to ban them in 2016 to active promotion in 2025.



Despite growing enthusiasm among RN members, internal skepticism persists. 



Senior party official Jean-Philippe Tanguy expressed concern about relinquishing state control over money, warning against "currency independence"—a direct challenge to Bitcoin's original anti-centralization ethos.



The RN&#8217;s sudden embrace of Bitcoin isn't isolated. 



Other far-right figures, including Sarah Knafo of the Reconquête! party and conservative politician Eric Ciotti, have also championed Bitcoin, with some even calling for France to build national reserves in the digital currency. 



They cite leaders like Donald Trump and Nayib Bukele as models for blending nationalism with pro-crypto policies.



This alignment has deepened ties between right-wing politicians and French crypto entrepreneurs. 



Some founders, including Ledger's Eric Larchevêque and Paymium's Pierre Noizat, have publicly appeared at far-right events, especially following security threats involving their families. 



Their comments have increasingly echoed nationalist rhetoric, criticizing the French welfare state and immigration policies while advocating for a "libertarian revival" in Europe.



Meanwhile, crypto industry groups lament the politicization of digital assets in France, which they say has been exacerbated by left-wing disengagement. 



As mainstream parties remain cautious, often citing environmental risks or criminal misuse, industry voices warn that leaving the debate to the far right risks skewing the public narrative.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46805931/crypto-founders-take-note-these-sec-roundtables-could-decide-the-rules-that-govern-you">Crypto Founders, Take Note: These SEC Roundtables Could Decide The Rules That Govern You</a></li>
</ul>



Image: Shutterstock

Bitcoin Mining With Nuclear Energy? French Lawmakers Are Considering It

Traders and technical analysts are divided about whether Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is starting to lose momentum or if the recent dip is just a brief <a href="https://www.benzinga.com/money/bitcoin-price-prediction">period of weakness</a>.



What Happened: Bitcoin is still holding bullish momentum, according to CryptoQuant, with Long-Term Holders (LTHs) <a href="https://x.com/cryptoquant_com/status/1952257889726300312">showing</a> strong conviction and staying deep in profit territory (NUPL > 0.5). 



However, Short-Term Holders (STHs) are beginning to take partial profits, which is introducing short-term selling pressure.



CryptoQuant macro analyst Axel Adler Jr <a href="https://x.com/AxelAdlerJr/status/1952264435403206656">says</a> the market is showing signs of late-cycle behaviour, with diminishing returns on each new price leg. 



A key metric that peaked above 1.9 in March and December 2024 is now forming lower highs, signaling increased selling pressure from holders.



Despite expectations of two Fed rate cuts later this year, Adler sees potential for two more rallies before demand gives way to a correction phase.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46824435/eric-trump-advises-to-buy-bitcoin-ethereum-dips-last-time-he-said-this-the-two-coins-fell-to-their-yearly-lows-in-barely-45-days">Eric Trump Advises To Buy Bitcoin, Ethereum Dips — Last Time He Said This, The Two Coins Fell To Their Yearly Lows In Barely 45 Days</a>



Why It Matters: Crypto trader Viktor <a href="https://x.com/thedefivillain/status/1952303043950583867">argues</a> the Bitcoin bottom may already be in, citing several bullish signals like equities grinding upward, Coinbase premium returning, and a volatile Bitcoin weekend bottom that likely left many traders underexposed, indicating sideline capital may soon re-enter.



Viktor anticipates a range-bound phase for Bitcoin and Ethereum while most altcoins stay weak. He plans to short underperforming altcoins as prices climb.



What's Next: Trader Crypto Chase <a href="https://x.com/Crypto_Chase/status/1952363609016967660">laid</a> out two strategies for going long on Bitcoin:



<ul class="wp-block-list">
<li>Buy a confirmed breakout above $117,000, ideally on a retest.</li>
</ul>



<ul class="wp-block-list">
<li>Enter around $110,000–$111,000, targeting stop hunts just below current consolidation, where many tight stop-losses are likely clustered.</li>
</ul>



El Crypto Prof <a href="https://x.com/el_crypto_prof/status/1952339947996008845">sees</a> Bitcoin retesting after a breakout from a seven-month inverse head-and-shoulders pattern, a bullish structure with a projected target of $155,000–$161,000, reinforcing the view that dips are buying opportunities.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46823618/bitcoin-ethereum-xrp-dogecoin-continue-relief-rally-off-saturday-lows">Bitcoin, Ethereum, XRP, Dogecoin Continue Relief Rally Off Saturday Lows</a></li>
</ul>

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