12 Aug 2025, 08:59

Bitcoin Faces Potential Decline as Wyckoff Analysis Suggests Risks Below $100,000 Support Level

Bitcoin’s price momentum is weakening, indicating that the $100,000 support level may fail, with potential targets dropping to $95,000 according to Wyckoff analysis. Bitcoin price momentum weakness is leading to

12 Aug 2025, 08:58

XRP’s Potential Surge to $12.6 Following SEC Case Closure and ETF Launches

XRP is poised to reach a bullish target of $12.6 following the SEC’s closure of its case against Ripple, which has opened doors for new XRP ETFs. XRP’s bullish target

12 Aug 2025, 08:57

Bernstein: "Ethereum (ETH) and Altcoin Rally Has Started, This Company Will Benefit the Most from the Rally!"

While Ethereum (ETH) continues to make a name for itself with its recent increasing treasury strategy and rise, Bernsterin has published his new report. Accordingly, Bernstein analysts said that Coinbase will see the biggest benefit with the rise of ETH and the arrival of the altcoin season. Ethereum and Altcoin Rally Has Started! According to The Block, analysts led by Gautam Chhugani stated in a report sent to their clients that ETH has increased by 80% since USDC stablecoin issuer Circle’s IPO on June 5, and investors’ interest in the Ethereum ecosystem has increased as they realized that the majority of stablecoins are issued on the ETH network. Analysts stated that the altcoin rally came with the rise of Ethereum and that Coinbase, which operates the Base network, will benefit the most from the altcoin rally. “We believe the altcoin rally has begun as this is reflected in the recent ETH performance. “Also, considering its long list of over 250 altcoins and the number of Base chain tokens now integrated into the Coinbase App, Coinbase will be the company that will benefit most from the ETH and altcoin rally.” Buy Recommendation for Coinbase! At this point, Bernstein announced a Buy recommendation for Coinbase and set a target price of $510. “We think Coinbase will benefit the most from the Ethereum and altcoin rally. Coinbase currently operates Base, the largest Ethereum Layer 2. Base processes over 9 million transactions daily. All transactions on Base are paid in Ethereum, so Coinbase's fee revenue could also increase. *This is not investment advice. Continue Reading: Bernstein: "Ethereum (ETH) and Altcoin Rally Has Started, This Company Will Benefit the Most from the Rally!"

12 Aug 2025, 08:57

U.S. Spot Ether ETFs Hit $1B Daily Inflow for First Time

U.S.-listed ether (ETH) exchange-traded funds (ETFs) surpassed $1 billion in daily inflows for the first time on Monday as the second-largest cryptocurrency hit its highest price for over three and a half years. The nine ETFs comfortably surpassed the previous daily high of $726.74 million from July 17, according to data tracked by SoSoValue . BlackRock's (BLK) ETHA led the way, registering inflows of just under $640 million, while Fidelity's FETH was a rather distant second with $276.9 million. Cumulative inflows into the funds now sit at $10.83 billion with total assets valued at $25.71 billion, equivalent to 4.77% of ether's market cap. ETH rose as high as $4,358 on Monday, its highest level since December 2021, according to CoinDesk data. Ether's gains followed data that cemented expectations the Federal Reserve would lower interest rates, making riskier assets more attractive. The probability of a 25 basis point cut in September is some 84%, according the CME's FedWatch tool . In addition, the U.S. Securities and Exchange Commission (SEC) finally dropped its lawsuit against XRP developer Ripple, providing a further boost to the broader altcoin market. Read More: ETH Transaction Volume Climbs on Price Rally, Cheaper DeFi Costs

12 Aug 2025, 08:55

Cardano retains long-term holders' support since 2021

Cardano (ADA) has been hovering among top 15 coins and tokens, with no dramatic breakouts. ADA gains its support from a strong base of long-term holders. Cardano (ADA) still sits just outside the top 10 coins, supported by the overall market recovery. In July, ADA broke out again, securing the $0.80 level, but it remains below its $1.21 peak from December 2021. Cardano long-term holders are not selling, extending the accumulation period that started in 2021. | Source: Alphractal . ADA gains strong support from its long-term holders, who have extended an accumulation streak since 2021. Currently, Cardano shows significant reserves held in wallets aged four years or more, starting a new accumulation period in the spring of 2025. Based on Alphractal data, long-term wallets are more willing to hold, while short-term buyers remain more balanced. Cardano adopts treasury strategy ADA is now held closely by whales who are in no rush to sell at the current range. The token has repeated the behavior of XRP, where the patient community was ready to hold for years, expecting a bigger breakout. Despite the presence of whales, ADA is one of the most widely distributed tokens, where the top 100 addresses hold only 22.56% of the supply. Cardano is closely watched for its ability to provide funds to projects, and even build its own BTC treasury. The project handed over the reigns to the community, which recently voted on a fund distribution for network upgrades, as Cryptopolitan reported . One of the main sources of storage for Cardano is the treasury, containing 1.6B ADA tokens. The treasury may get distributed gradually in the coming months and years, with some of the supply potentially allocated to acquiring BTC. One of the potential scenarios is for the entire Cardano treasury to be allocated to BTC purchases. This would remove Cardano from its previous path as a platform for games and Web3 projects, which never picked up with the same speed as other L1 chains. Cardano is still fighting to complete another role after showing limited smart contract activity with just $350M in value locked and $37M in stablecoin liquidity. ADA trading still lags behind hotter coins ADA shows relatively low derivative activity, as the token is still outside the group of the hottest coins. Outside Cardano’s own community, there has been no talk of using ADA to build a crypto treasury company. ADA’s open interest decreased to around $631M, with a 77% dominance of long positions. The dominance of longs also means ADA may face selling pressure in the short term, causing a liquidation cascade. Short positions are under 23%, though liquidations may happen at the $0.81-$0.82 range. For now, ADA cannot hope for a short squeeze to a much higher range. On Hyperliquid, ADA also sees limited activity, with only five whales taking notable positions. Three positions are longing ADA with significant funding fee requirements, while short positions receive funding fees and some are in profit. While ADA is currently stagnating, Alphractal data indicates a rally may be in the making, especially if the altcoin bull market continues. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

12 Aug 2025, 08:55

Bitcoin Price Warning: $122K Double-Top Signals Potential Market Downturn

BitcoinWorld Bitcoin Price Warning: $122K Double-Top Signals Potential Market Downturn Is the current rally for Bitcoin reaching its limit? Recent observations suggest that Bitcoin price may be forming a critical technical pattern, a potential double-top, which historically signals a reversal in an uptrend. This development could mean a significant shift for the leading cryptocurrency, potentially leading to a downtrend if key support levels fail to hold. Understanding the Double-Top Pattern for Bitcoin Price A double-top pattern is a well-known technical indicator often seen as a strong bearish signal in financial markets. It typically appears after an uptrend and involves two distinct peaks at roughly the same price level, separated by a trough or a low point. When the price breaks below this intervening low, known as the neckline, the pattern is confirmed, often leading to a significant price decline. Formation: Two similar highs after an uptrend. Neckline: The low point between the two peaks. Confirmation: A close below the neckline confirms the pattern. Implication: Signals a potential reversal from an uptrend to a downtrend. For BTC price , this pattern has emerged on the daily chart, drawing attention from market analysts. The inability to sustain rallies above a certain resistance level has created this concerning formation. BTC’s $122K Challenge: A Key Resistance Point According to CoinDesk’s analysis, Bitcoin faced resistance twice near the $122,000 mark. Specifically, rallies stalled at $122,056 on July 14 and again on August 11. Between these two attempts, Bitcoin price experienced a short-term pullback to $111,982. This $111,982 level is crucial because it acts as the pattern’s neckline. A confirmed close below this $111,982 neckline would solidify the double-top pattern and indicate a strong likelihood of a reversal into a downtrend. History often rhymes in financial markets; CoinDesk pointed out a similar pattern earlier this year near $100,000, which preceded a slide to $75,000 in April. This historical context adds weight to the current concerns, making this double-top pattern a significant point of interest for traders. What Does the CPI Release Mean for BTC Price? Beyond technical patterns, macroeconomic factors also play a vital role in the crypto market analysis . The upcoming U.S. Consumer Price Index (CPI) release is one such event that could significantly influence Bitcoin’s immediate future. The CPI measures inflation, and its reading can impact investor sentiment and, consequently, cryptocurrency valuations. Currently, buying momentum for Bitcoin appears to be weakening, which could make it more vulnerable to negative news. If the CPI reading comes in higher than market expectations, it could trigger renewed selling pressure across the broader financial markets, including digital assets. This scenario could push BTC price further down, potentially accelerating the confirmation of the double-top pattern and its associated downtrend. Navigating Potential Market Downturns: Key Considerations Given the potential for a significant shift in the Bitcoin price trend, traders and investors should consider several factors: Monitor the Neckline: The $111,982 level is the immediate critical support. A daily close below it is a strong confirmation. Watch Volume: Increased selling volume on a break below the neckline would add conviction to the bearish outlook. Macroeconomic Data: Pay close attention to CPI and other economic indicators for their potential impact on market sentiment. Risk Management: Consider adjusting portfolio allocations or setting stop-loss orders to mitigate potential losses. While the formation of a double-top pattern is a significant technical development, it’s crucial to remember that no indicator is foolproof. However, the confluence of technical signals and weakening buying interest suggests a cautious approach is prudent. Conclusion: A Crucial Juncture for Bitcoin The emergence of a potential double-top pattern near $122,000 for Bitcoin price presents a crucial juncture for the cryptocurrency market. This strong bearish signal , combined with looming macroeconomic data like the CPI, demands careful attention from investors. While not a guaranteed outcome, the historical precedent and current market dynamics suggest a heightened risk of a significant downtrend if the $111,982 neckline fails to hold. Staying informed and exercising prudent risk management will be key in navigating the weeks ahead. Frequently Asked Questions (FAQs) What is a double-top pattern in cryptocurrency trading? A double-top pattern is a bearish reversal pattern that occurs after an uptrend. It consists of two peaks at approximately the same price level, separated by a trough. It signals that buying momentum is exhausted and a downtrend may follow, especially if the price breaks below the trough’s low (the neckline). How does the $122K resistance level relate to the current Bitcoin price? The $122,000 level acted as a strong resistance point where Bitcoin failed to break through twice (on July 14 and Aug 11). These two rejections form the ‘tops’ of the potential double-top pattern, indicating significant selling pressure at that price. What is the significance of the $111,982 neckline for BTC price? The $111,982 level is the ‘neckline’ of the potential double-top pattern. It represents the lowest point between the two $122K peaks. If the BTC price closes decisively below this level, it would confirm the double-top pattern and strongly suggest a further downtrend. Why is the U.S. CPI release important for crypto market analysis? The U.S. Consumer Price Index (CPI) measures inflation. A higher-than-expected CPI can signal economic instability or a need for tighter monetary policy, which often leads to reduced investor appetite for riskier assets like cryptocurrencies. This can trigger selling pressure and impact the overall crypto market analysis and sentiment. If you found this analysis helpful, please consider sharing it with your network! Your support helps us provide more valuable insights into the dynamic world of cryptocurrency. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Bitcoin Price Warning: $122K Double-Top Signals Potential Market Downturn first appeared on BitcoinWorld and is written by Editorial Team