Bitcoin is once again challenging the $120,000 resistance level after a stretch of massive volatility for BTC and strong performance from altcoins. While the flagship cryptocurrency has yet to decisively break above its current range resistance, Ethereum has been leading the broader market with an impressive uptrend since April, gaining over 230% and drawing strong institutional interest. Related Reading: Bitcoin Realized P&L Ratio Signals Sustainable Rally: Reversal Risk Remains Low The battle at $120K comes amid shifting sentiment in the derivatives market. Data from CryptoQuant shows that in August, the Bitcoin Futures Power index dropped to the zero mark, ending a series of positive readings that had previously accompanied BTC’s rally. According to top analyst Axel Adler, this index, which measures the combined influence of open interest, funding rates, and taker order imbalances, reflects the cooling momentum in the futures market. The next move could be pivotal, as Bitcoin’s ability—or failure—to push through $120K will likely set the tone for the remainder of the quarter, especially as altcoins continue to show signs of strength and sector rotation intensifies. Neutral Futures Index Raises Odds Of BTC Cooldown Adler notes that Bitcoin’s current positioning near its all-time high comes with a notable shift in derivatives sentiment. Adler warns that when the Bitcoin Futures Power index transitions from neutral into negative territory, it has historically coincided with market corrections. With BTC still holding close to record levels, the current reading increases the probability of such a shift. The broader market remains hot, fueled by significant capital inflows and heightened trading activity. However, some analysts are beginning to speculate that Bitcoin could face a short-term cooldown as momentum moderates and the derivatives market signals caution. While spot prices have been resilient, the loss of clear bullish signals in futures data has traders watching closely for signs of waning demand. At the same time, Ethereum’s explosive rally—up over 200% since April—has shifted market dynamics into a new phase where leadership is no longer solely dictated by Bitcoin. ETH’s strong fundamentals, reduced exchange supply, and institutional accumulation have drawn capital and attention away from BTC, creating a more balanced market structure. This diversification of momentum could mean that even if Bitcoin stalls, the overall crypto market retains bullish energy driven by large-cap altcoins. Related Reading: Alameda Research Unlocks $35M In Solana After 4 Years – Imminent Distribution? Bitcoin Price Analysis: Approaching Critical Level On the 4-hour chart, Bitcoin (BTC) is trading at $119,967, posting a modest gain of 0.34% as it approaches the critical $120,000 resistance level. The recent rally has brought BTC closer to the all-time high of $123,217, which remains a significant hurdle for bulls to clear. Price action shows a strong recovery from early August lows near $114,000, with BTC now trading above its key moving averages — the 50 SMA ($117,269), 100 SMA ($116,893), and 200 SMA ($117,475). This alignment indicates a bullish short-term structure, with the moving averages potentially acting as dynamic support if a pullback occurs. Related Reading: Ethereum Bullish Fundamentals Clash With Short-Term Leverage Risks The market is currently consolidating just below resistance, suggesting a potential breakout attempt if buying momentum strengthens. However, the repeated rejections near $123K in recent months highlight the importance of this zone as a major supply area. A decisive close above $123,217 would likely trigger momentum buying and open the path toward new price discovery. Conversely, failure to break higher could lead to a retracement toward the $117K support cluster, where the 50, 100, and 200 SMAs converge. Featured image from Dall-E, chart from TradingView
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In an exclusive conversation with Coinpedia, Sean Dawson, Head of Research at Derive, shared his perspective on the macro and on-chain forces shaping the crypto markets, particularly Ethereum’s trajectory. From Federal Reserve policy shifts to the growing role of ETH treasury companies, Sean outlined what could be the biggest drivers for crypto going into 2025. …
Ethereum just got one of its biggest bullish calls this year. Standard Chartered has sharply raised its price forecast, setting a new 2025 year-end target of $7,500, up from $4,000, and a long-term projection of $25,000 by 2028. The bank says the move is backed by a wave of institutional buying, the rise of Ethereum-focused …
Dogecoin is showing signs of renewed momentum as market activity picks up, with trading volumes steadily increasing and liquidity across major exchanges remaining robust. Recent DOGE price movements suggest the asset is consolidating near key levels, indicating potential for an extended upward phase. Analysts predict short-term targets around $0.27–$0.30, with mid-term projections ranging from $0.31 …
Andreessen Horowitz (a16z), a major venture capital firm, has spent years helping its portfolio companies sail through complex U.S. regulations. It is now writing to the SEC to ask for clear rules so that DeFi platforms can grow safely without getting caught up in securities law issues. The Safe Harbour Proposal On Wednesday, a16z and …
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Solana (SOL) has reclaimed the $200 mark after falling to around $155 in late July, following the renewed interest in the market amid the ongoing altcoin season rally. According to CryptoSlate’s data, the digital asset rose by more than 14% in the last 24 hours from $175 to as high as $202 as of press […]
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Ethereum’s market capitalization has surged to around $566 billion, briefly surpassing Netflix and Mastercard in value. This rise places Ethereum as the 22nd largest global asset, reflecting strong investor interest fueled by its expanding role in decentralized finance, NFTs, and Layer 2 scalability solutions. Ethereum continues to gain traction as a major digital asset, with …
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OKX has executed a broad upgrade to its X Layer network and overhauled the economic model of its OKB token, implementing changes that reshape its infrastructure and supply mechanics. The update, disclosed on August 13, includes a one-time burn of 65,256,712.097 OKB, capping the total supply at 21 million, and the completion of the “PP […]
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Ethereum's rise in market cap highlights the growing influence and acceptance of digital assets in the global financial landscape.
The post Ethereum is now bigger than Netflix, Mastercard as price hovers 4% from ATH appeared first on Crypto Briefing.
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Bitcoin may be setting up for another major push toward six-figure prices after reclaiming a key bullish pattern and ending a period of repeated downside deviations. According to well-known crypto analyst Rekt Capital, the recent move puts BTC back in position to aim for the $160,000 target, provided it can hold a crucial support level and break through evolving resistance. While short-term pullbacks are still possible, the broader technical picture remains intact. Historical price behavior suggests Bitcoin is still in a strong upward trend, but time and price pressures could soon force a decision point for the market. Bitcoin Bull Flag Breakout Revives Long-Term Bullish Outlook Rekt Capital’s latest analysis highlights that Bitcoin not only reclaimed its Bull Flag pattern but has positioned itself above it. This is an essential shift because a few weeks ago, BTC failed to confirm its breakout when it couldn’t hold the Bull Flag top. That earlier miss left the pattern unresolved and kept the market uncertain about the next big move. Related Reading: Raoul Pal Says He’s Been Long XRP For 4 Years After Calling It A “Moron” Trade By holding the $119,000 level as new support, BTC can confirm the breakout and solidify the foundation for a rally. The analyst cautions that the price could still dip back into the pattern temporarily, but as long as $119,000 holds, the bullish structure remains in play. Ending the recent downside deviation adds to the optimism. Several sharp deviations from bullish structures have marked this cycle, but reclaiming and holding above the Bull Flag shows renewed strength from buyers. For long-term bulls, this could be the technical reset needed to keep the $160,000 target alive. Key Resistance Levels That Stand Between BTC And $160,000 Despite a recent -9% dip, Bitcoin remains in what Rekt Capital calls “Price Discovery Uptrend 2.” This phase, which follows historical price tendencies, has stayed intact because the dip never broke the uptrend’s structure or confirmed a breakdown. However, the move into Week 6 of this uptrend is notable; historically, Weeks 5 and 6 have often been the “danger zone” for local tops. While history points to a potential pause here, the unique nature of this cycle may allow for an extension. Still, the decisive factor is now price, not just time. The analyst points to resistance that first appeared around $124,000 in July but has since evolved into a dynamic barrier closer to $126,000. Related Reading: Here’s What Is Going On In The Shiba Inu Community Amid Major Electoral Process Breaking this level in the next one to two weeks could trigger a sharp acceleration in the trend, putting the $160,000 roadmap back in focus. On the other hand, failure to clear $126,000 would create both time and price confluence for a pullback, which Rekt Capital calls “Price Discovery Correction 2.” Such a correction would not end the long-term bullish case but would delay the next leg up. Until then, all eyes are on these key levels: $119,000 for support and $126,000 for breakout. How Bitcoin handles them could decide whether the grand roadmap to $160,000 stays on track in the weeks ahead. Featured image from Unsplash, chart from TradingView.com
Shiba Inu (SHIB) is back in the spotlight as a mix of technical patterns and on-chain activity hint at a possible price surge. Shiba Inu (SHIB) has surged over 8% in the past 24 hours, now trading around $0.00001394 with a market cap above $8.2 billion, ranking it the 28th-largest cryptocurrency. It has seen its …
Substantial volume expansion and technical resistance breach signal continued upward momentum towards $5.00 target zone.
Eric Trump, the second son of US President Donald Trump, will ring the opening bell at the Nasdaq Exchange tomorrow, August 14, 2025. The event could impact World Liberty, a decentralized finance crypto firm largely owned by the Trump family. Eric Trump To Ring The Bell at Nasdaq Opening On Tuesday, Eric announced that he …
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In recent months, Pi has seen a drop in price, been removed from some exchanges, and faced scam accusations. Still, one Pi expert remains confident in its future and is ready to risk losing their entire investment if it fails. Pi Expert Plans to Expand Holdings Amid Price Drop Crypto analyst Dr Altcoin recently revealed …
Standard Chartered now sees ETH hitting $7,500 in 2025, fueled by record ETF and treasury buying, stablecoin growth and Ethereum network upgrades.
Over the past 24 hours, Ethereum traders have endured $296.55 million in liquidations as market volatility surged. Sharp price movements triggered the forced closure of leveraged positions across major exchanges. Short positions were hit the hardest, with rising prices intensifying losses for bearish traders. This spike in liquidations signals increased speculative activity and highlights the …
SEC Commissioner Hester Peirce said Tuesday that the market will ultimately decide which types of tokenized securities and real-world assets will succeed. The future of tokenized securities and real-world assets may not be shaped by regulators, but by the market itself. That is the view of SEC Commissioner Hester Pierce, who told Bloomberg that investors …
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The Cardano price has been on the rise, following strong technical performance. Now, the asset now approaches key resistance levels that could unlock higher targets. This increase is supported by bullish market sentiment, ETF-related news, and growing holder confidence. As momentum builds with renewed demand of traders and investors, the next decisive move on the …