There has been a sharp decline in altseason social engagement, with volume and dominance both retracing to April levels, according to Santiment. The slump comes despite strong July catalysts such as regulatory progress, real-world asset tokenization momentum, Ethereum’s revival, and record ETF inflows. “Yet crowd attention hasn’t rotated into altcoins,” observed analyst Chyan on Wednesday. “Without a Bitcoin breakout and renewed risk appetite, altseason remains on pause,” they said. The chart shows spikes in social volume in late February, late May, and mid-July, but it has now fallen back significantly. Altseason Hopes Fade The analyst opined that market cycles when all altcoins went up are “a thing of the past” as the hype isn’t even close to the first quarter of 2024 when the Bitcoin ETFs launched. However, Santiment did identify a few crypto assets that were trending at the moment, including Litecoin, Stellar, and USDC. Altseason sentiment breaks down as $BTC holds range — narratives fail to ignite rotation@Santimentfeed shows a sharp decline in altseason social engagement, with volume and dominance both retracing to April levels. This comes despite strong July catalysts — regulatory progress,… pic.twitter.com/gISOmJKoKI — Chyan | chyan.base.eth (@Chyan) August 6, 2025 CoinMarketCap’s altseason index is a low 36 out of 100, which suggests that it remains a long way off at the moment. It topped 50 in mid-June during the market rally but has fallen back along with the prices of most altcoins. The Blockchain Center’s altseason index shows a similar low rating of 35, while Bitget’s altcoin season index is an even lower 34. All three indexes report that the best-performing altcoins over the past month are memecoins. Bitcoin dominance is also an indicator of the approach of altseason, and it remains high at 61.6%, according to TradingView. Its market share fell to a six-month low on July 21, but it has been uptrending again since, as the asset holds around $116,000 while most of the altcoins continue to bleed. Nevertheless, Ethereum usually leads altcoins into a rally, and it too has been holding up and remaining within its range-bound channel. Some analysts are still looking at previous bull market cycles and predicting the same again this year. Altcoin market cap is following a clear pattern: 2017: Explosion 2021: Explosion 2025: Next in line? History doesn’t repeat, but it sure does rhyme. Altseason brewing?#Altcoins #Crypto #Altseason #DeFi pic.twitter.com/w3ez085f0u — Crypto Captain (@CryptoCaptainCT) August 7, 2025 The post Altseason Sentiment Breaks Down as Bitcoin Holds Steady: Santiment appeared first on CryptoPotato. Powered by WPeMatico

Bitcoin price is again rising above the $115,500 zone. BTC is now consolidating and might aim for a move toward the $120,000 resistance zone. Bitcoin started a fresh increase above the $115,500 zone. The price is trading above $115,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $115,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $117,500 resistance zone. Bitcoin Price Aims Higher Bitcoin price found support near the $112,200 zone and started a fresh increase. BTC was able to climb above the $113,500 and $114,800 resistance levels. The price even cleared the $115,500 resistance to move into a positive zone. Finally, the price tested the $117,500 resistance zone. A high was formed at $117,643 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $112,629 swing low to the $116,643 high. Bitcoin is now trading above $115,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $115,600 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $117,200 level. The first key resistance is near the $117,500 level. The next resistance could be $118,250. A close above the $118,250 resistance might send the price further higher. In the stated case, the price could rise and test the $119,200 resistance level. Any more gains might send the price toward the $120,000 level. The main target could be $121,500. Another Drop In BTC? If Bitcoin fails to rise above the $117,500 resistance zone, it could start another decline. Immediate support is near the $116,450 level. The first major support is near the $115,600 level and the trend line. The next support is now near the $114,550 zone or the 61.8% Fib retracement level of the upward move from the $112,629 swing low to the $116,643 high. Any more losses might send the price toward the $113,800 support in the near term. The main support sits at $112,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $115,600, followed by $114,550. Major Resistance Levels – $117,500 and $118,250. Powered by WPeMatico

In a bold move that could reshape the crypto landscape, the US President is reportedly preparing to sign an executive order aimed at protecting access to BTC and digital assets. If enacted, this landmark policy would redefine the relationship between digital assets and the US financial system. Bitcoin Steps Into The Political Spotlight Bitcoin has officially entered the hall of power, as the US President Donald Trump is preparing to sign an executive order that would prohibit banks from refusing services to Bitcoin and crypto-related companies. This move signals a major shift in the US policy and ends years of financial censorship against the crypto industry. According to a crypto enthusiast, Henry, with this impending order, the crypto industry appears to be getting serious respect from the White House, after years of regulatory uncertainty and political pushback. In the coming days, Henry suggests that positive developments are on the horizon, especially involving Federal Reserve Chair Jerome Powell. This kind of attention from the highest levels of government could shake up the entire market and trigger a wave of institutional interest and volatility. If this happens, it would be more than just good news, as it would be a game-changer. Not only could it act as a major catalyst for BTC, it would also open the doors for crypto businesses to access traditional financial services, which they need for growth. Bitcoin is gaining recognition among the highest forms of governments across the world. Reports show that the Indonesian Vice President Gibran Rakabuming Raka is exploring the possibility of adding Bitcoin to the country’s national reserves, according to a recent post from Bitcoin Indonesia. The move represents a bold step toward integrating digital assets into sovereign finance. If implemented, Indonesia would become one of the first major Asian economies to formally recognize BTC as a reserve asset, signaling a shift in how governments hedge against inflation, currency risk, and geopolitical uncertainty. The global spotlight is increasingly turning to crypto adoption at the state level. The Bhutan Government Moves $59.2 Million In BTC Several countries are engaging BTC globally at a rapid rate. In a significant and quietly executed move, the government of Bhutan has transferred 517 BTC, valued at approximately $59.2 million, to a new cryptocurrency wallet. This substantial transfer of BTC, reported by Crypto Rover on X, has sparked speculation among analysts and the crypto community about potential custody changes or strategic moves.  The Himalayan kingdom of Bhutan has consistently maintained a low profile in the world of sovereign crypto holdings, making it one of the most discreet yet active state players in the digital asset space. This recent movement may indicate a shift toward enhanced security and measures in BTC reserves. Powered by WPeMatico

Following a brief dip to $112,200, Bitcoin (BTC) has recovered slightly, trading around the $116,300 level at the time of writing. While concerns remain about BTC’s inability to decisively break the $120,000 resistance level, on-chain data suggests the asset may be in an accumulation phase – potentially gearing up for its next breakout toward a new all-time high (ATH). Bitcoin Currently In Accumulation Phase, Analyst Says According to a CryptoQuant Quicktake post by contributor BorisVest, a strategy called Smart Dollar-Cost Averaging (DCA) may help Bitcoin investors accumulate the asset more strategically and improve long-term performance. In his analysis, BorisVest noted that investors often struggle to time their entries into BTC. Many tend to buy during local tops due to fear of missing out (FOMO) and avoid entering the market during bottoms out of fear of further declines. Smart DCA offers a way to bypass these emotion-driven decisions. The strategy recommends accumulating BTC when its market price falls below the 1-week to 1-month realized price – a period during which short-term holders are often in loss, resulting in heightened sell-off. BorisVest explained: At these levels, short-term holders are usually underwater, leading to increased sell pressure. Smart DCA activates hourly purchases during such periods, helping to bring the BTC and USD cost basis closer together. Currently, the 1-week to 1-month realized price stands at approximately $117,700. As long as BTC trades below this level, Smart DCA continues to flash an accumulation signal. Once BTC climbs above this threshold, the strategy advises gradually selling previously accumulated coins. With Bitcoin now trading near $116,000, the analyst suggests that the asset is still in an accumulation phase – though it’s approaching the realized threshold. According to data from CoinGecko, BTC remains about 5.2% below its ATH of $122,838, recorded on July 14. Is BTC Unlikely To Hit A New ATH? Despite holding steady around $115,000, some analysts warn that Bitcoin’s realized price is slowly beginning to show signs of fragility. A drop below the $105,000 mark could lead to increased downside momentum, potentially triggering a larger sell-off. Notably, Binance’s net taker volume has slipped back into negative territory, raising concerns about a near-term correction. Additionally, rising Bitcoin ETF outflows have shown signs of weakness, adding another layer of uncertainty. Still, not all indicators are bearish. Some on-chain metrics suggest BTC may simply be entering a cooling-off period after a brief overheated phase. At press time, BTC trades at $116,316, up 2.1% in the past 24 hours. Powered by WPeMatico

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Manufacturers of bitcoin (BTC) mining equipment won’t be feeling the pinch of a new round of tariffs the White House has imposed on the semiconductor industry, as the largest chip manufacturers like TSMC and Samsung have an exemption from the new rules due to their investments in the U.S. Officials in Taiwan confirmed to local press that TSMC would have an exemption from the 100% tariffs because of its facilities in Phoenix, which opened in 2023. South Korean officials also confirmed that Samsung would have a similar exemption because of its fabs in Texas. TSMC and Samsung manufacture the Application Specific Integrated Circuits (ASICs) designed by BTC mining companies like Bitmain, Canaan, and Bitdeer. Bitmain and Canaan didn’t respond to a request for comment from CoinDesk. A spokesperson for Bitdeer confirmed that they partner with TSMC to manufacture the ASICs used for their miners, and thus wouldn’t feel the pinch of tariffs. The spokesperson also said that they expect to bring online a U.S.-based factory to assemble the miners within a year. Broadly speaking, the market seems to have shrugged off the new tariffs. In Taipei, the TAIEX, an index of Taiwan’s stock market, is set to open trading Friday up 2.3% with TSMC up 3% and approaching record highs. Even the targets of these tariff policies are in the green. SMIC, the Shanghai-based rival to TSMC, which lacks a U.S. facility, is up on the week in Hong Kong, outperforming the Hang Seng index. Market Movers: BTC: Bitcoin has entered a bullish cooldown after hitting a $123K all-time high, now trading at $117,386.04, with softer momentum and weaker on-chain signals pointing to short-term consolidation or mild downside risk, according to a report by CryptoQuant. ETH: Glassnode data shows short-term capital flow has shifted from Solana to Ether, with ETH/SOL at a year-to-date low and ETH/BTC breaking above its 200-day EMA for the first time in two years, as ETH trades at $3,905.42 (+6.43%) and approaches $4K, with open interest at $58B and network activity at record highs. Gold: Gold is trading at $3,387, up 0.5%, as the market weighs the impact of tariffs on India for importing Russian oil. Nikkei 225: Asia-Pacific markets opened mixed Friday, with Japan’s Nikkei 225 up 1.18% and the Topix hitting a record 3,031.78, led by sharp gains in Nippon Chemical Industrial, Miyakoshi Holdings, J-Lease, and Japan Electronic Materials. S&P 500: Stocks rose Wednesday, with the S&P 500 up 0.73% to 6,345.06, as Apple jumped 5% on news it will boost U.S. manufacturing investment by $100B to a total of $600B over four years. Elsewhere in Crypto: SEC’s Long-Running Case Against Ripple Officially Over (CoinDesk) Stablecoin Provider Paxos to Pay $26.5M Fine to Settle Charges Related to Binance (Decrypt) Ripple to Buy Stablecoin Payments Firm Rail for $200M to Boost RLUSD (CoinDesk) Powered by WPeMatico

TL;DR ENA trades above all major EMAs, confirming a short-term bullish trend in the current structure. $0.65 remains a critical resistance level; holding above it could open the path to $0.75. Retail participation spikes in the $0.60–$0.70 range, often linked with caution near local tops. ENA Nears Key Resistance Zone Ethena (ENA) traded around $0.63 at press time, after gaining roughly 12% in the past 24 hours. The daily trading volume stands close to $780 million. Despite being down 5% over the past week, the short-term trend is showing renewed strength. Meanwhile, the token remains in consolidation just under the $0.65 level, identified as a critical point in previous market cycles. Analyst CryptoAmsterdam noted that breaking and holding above this range quarter mark could act as a trigger for a further move up.  If that happens, price targets may shift toward the mid-range near $0.75. If not, a move back to support near $0.35 remains possible. // $ENA (update) Still consolidating below the 0.25 (range quarter) resistance, looking very good. Two scenarios: > We flip the 0.25 After some more consolidation, and continue to fly higher. This level is often (!) a launchpad into stage 5 of the cycle. If we do break… https://t.co/SS4ufsugRI pic.twitter.com/9lJZPIa4go — CryptoAmsterdam (@damskotrades) August 7, 2025 Indicators Support Upward Momentum On the 4-hour chart, ENA trades above the 20, 50, 100, and 200-period exponential moving averages (EMAs). These are aligned in bullish order, with the current price sitting well above the 200 EMA near $0.49. This pattern often suggests a continuation in the current trend. Source: TradingView Additionally, the Money Flow Index (MFI) reads 57. This signals growing buying interest but still leaves room before overbought conditions are reached. An MFI under 80 suggests the trend may still have room to run. Retail Traders Are Active Again Data from CryptoQuant shows retail activity has increased sharply. The latest readings in the $0.60 to $0.70 range are marked red, labeled as “Too Many Retail,” a sign of heavier participation by smaller traders. Similar past clusters have often appeared near local peaks. Source: CryptoQuant Crypto Rand noted the same trend, pointing to strong inflows and steady consolidation. The current trading pattern suggests the market is waiting to see whether this level will break or hold. Finally, the $0.65 level remains a key area. A confirmed breakout could open the way toward higher targets. Failure to hold above that line may bring price back to the lower range. Until then, the market structure stays neutral, and traders are watching for confirmation in either direction. The post Will ENA Smash the $0.65 Barrier After 12% Rally? appeared first on CryptoPotato. Powered by WPeMatico

Former BitMEX CEO Arthur Hayes has warned that the global financial system is headed for its largest money-printing episode in history. He argues that the U.S. faces economic collapse unless it injects at least $9 trillion into the economy, a move that would trigger Bitcoin’s rise to $250,000. Hayes’s $9T Debt Doom Loop Hayes’ analysis, dissected by writer Giovanni Incasa in a series of posts on X, hinges on unavoidable economic pressures converging into a perfect storm. He argued that government-sponsored enterprises like Fannie Mae and Freddie Mac will require $5 trillion to stabilize the mortgage market, with an additional $4 trillion needed for banking system bailouts. The crypto entrepreneur also contended the situation isn’t a policy choice but “economic physics,” where the debt-based system demands exponential growth, without which it would face “immediate systemic collapse.” Hayes further highlighted a flight of foreign capital from Taiwan, South Korea, and Singapore that would repatriate dollars and accelerate the crisis. He believes this exodus would eliminate a crucial pillar supporting U.S. asset valuations, leaving the Federal Reserve as the sole purchaser of all assets. Compounding this, the Maelstrom CIO pointed to the looming intergenerational transfer, where retiring Boomers must sell assets like stocks and real estate, but Millennials lack the capital or desire to buy at current prices. The solution? “The government prints money to create artificial demand,” facilitating wealth transfer via inflation. These forces, Hayes asserted, make $9 trillion in new money a mathematical certainty within the current framework. His final conclusion is stark: this tsunami of liquidity, chasing Bitcoin’s fixed 21 million supply, mathematically dictates a price target of $250,000. He claimed that the OG cryptocurrency has the capacity to “absorb the excess liquidity” without needing artificial support, unlike “government-dependent zombie” traditional assets. Bitcoin’s Mixed Signals Hayes’ $250,000 target isn’t particularly unique, with Tom Lee and Tim Draper having forecasted a similar price tag for BTC in the past. CryptoQuant and TeraHash also previously issued projections for the asset in the $130,000 to $200,000 range based on historical Q4 strength, ETF inflows, potential Fed cuts, and MiCA implementation. However, Charles Schwab and Mike Novogratz took it a notch higher, estimating BTC will hit $1 million. Despite the rosy long-term macro predictions, traders are currently focused on navigating potential volatility around the $105,000 support level as they await clearer signals on Fed policy and global trade tensions. Bitcoin’s latest price action reflects a market grappling with this uncertainty. At the time of writing, it was trading around $115,727, showing modest resilience with a 1.6% 24-hour gain. It still remains down 2.4% over the past week, experiencing technical correction since its July 14 all-time high of more than $123,000. The post Massive Bitcoin Price Prediction by Arthur Hayes: Calls for BTC at $250K appeared first on CryptoPotato. Powered by WPeMatico

“When Larry Fink says all stocks, bonds, and real estate can be tokenized, believe him,” said crypto asset manager Bitwise on Wednesday. The comment in reference to the BlackRock boss came alongside a chart showing that real-world asset (RWA) onchain value had surged to an all-time high of just under $25 billion. More recent data from RWA.xyz reveals that it is currently at $25.46 billion, which is close to record highs. When stablecoins are included, that figure jumps to $283 billion, which is its highest ever level. When Larry Fink says all stocks, bonds, and real estate can be tokenized, believe him. pic.twitter.com/OaHwez3uaQ — Bitwise (@BitwiseInvest) August 6, 2025 Ethereum Dominates RWA With stablecoins excluded, the largest segment of tokenized RWA is private credit with $15 billion onchain, followed by US treasury debt with $6.7 billion, then commodities at $1.8 billion. Around 73% of US Treasurys are tokenized on Ethereum, which also dominates for stablecoins, as 54% of them are on the network. Tokenized stocks are still a tiny segment of the overall RWA market, representing just 1.4% of the total onchain value. In terms of funds, BlackRock’s Ethereum-based USD Institutional Digital Liquidity Fund (BUIDL) is the largest with $2.3 billion in assets under management. Ethereum is the dominant blockchain for tokenized assets, with a market share of 54% while the Ethereum layer-2 network ZKsync Era is second with 18.6% so the total on Ethereum is closer to 73%. Other chains such as Aptos, Solana, and Stellar have single-digit market shares. TOP PLAYERS IN THE RWA ECOSYSTEM$ETH is leading the charge and dominating tokenized assets by a wide margin. Close behind: ZKsync Era, Aptos, Solana, Stellar, Polygon, and Arbitrum. These chains are powering the next trillion-dollar market. #RWA pic.twitter.com/3rL7YjkNj0 — Real World Asset Watchlist (@RWAwatchlist_) August 6, 2025 Even hardcore Bitcoiners such as Fundstrat’s Tom Lee have pivoted to Ethereum recently. “Wall Street is running to tokenize its entire system on the blockchain, and it requires smart contracts,” he said this week before adding that the “biggest and most secure blockchain with no downtime is Ethereum, and it’s legally compliant.” Strategic ETH Reserves Top 3 Million ETH Ethereum’s RWA dominance has spurred a wave of ETH treasury companies that have adopted strategies to stack and stake the asset. There is now more than three million ETH in the strategic reserves, observed industry expert Anthony Sassano on Thursday. Just three treasury companies that didn’t even exist a few months ago now own over 1.6 million ETH and are aggressively buying more every day, he said before adding: “ETH is a $100 trillion asset trading at $443 billion.” Meanwhile, ETF expert Nate Geraci said that ETH treasury companies and spot Ether ETFs have each bought around 1.6% of the current total supply of the asset since the beginning of June. The post Ethereum in the Driving Seat as On-Chain RWA Tokenization Nears Peak Levels appeared first on CryptoPotato. Powered by WPeMatico