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The cryptocurrency market strengthened earlier this week but came under sharp selling pressure on Thursday, erasing much of its previous gains. In the latest market snapshot, Bitcoin (BTC) is trading near 81600.00 (+0.9%), Ethereum (ETH) at 2400.00 (+2.1%), Tether (USDT) at 0.9991 (–0.01%), BNB at 744.00 (+5.1%) and XRP at 1.3250 (+4.8%). Total cryptocurrency market capitalization has declined to approximately $2.73 trillion, while Bitcoin dominance has increased to 60.0%. From October 19 to 22, US spot Bitcoin ETFs recorded net inflows of $439.1 million, while Ethereum ETFs saw outflows of $225.1 million. The market remains volatile despite the recovery attempt discussed in our previous crypto weekly review.
Investors Accelerate ETH Withdrawals: $4B in One Month
Altcoin treasuries are flourishing across the crypto sector, but Chainlink’s newly announced LINK Reserve stands out as a game-changer. On August 7, Chainlink revealed that it is establishing a dedicated reserve, using both on-chain and off-chain revenues to purchase LINK tokens for strategic storage. This reserve is structured as a smart contract on Ethereum, designed to complement Chainlink’s Payment Abstraction. Notably, it enables automatic conversion of off-chain payments for Oracle services directly into LINK.
After months of lagging behind Bitcoin’s relentless advance, Ethereum (ETH) has finally broken above the psychologically critical $4,000 mark—its highest level since 2021. This breakout comes at a time when Bitcoin is still wrestling with the $117,000 barrier, making ETH the clear outperformer among top cryptocurrencies in recent sessions.
The cryptocurrency market staged a robust recovery this week, with Bitcoin (BTC) trading near $116,700 (+1.7%), Ethereum (ETH) surging to $3,910 (+12.1%), and XRP rallying to $3.34 (+14.6%). Tether (USDT) held steady at $1.0002, while Binance Coin (BNB) traded at $787 (+1.1%). Total crypto market capitalization jumped to $3.87 trillion, and BTC’s dominance retreated to 60.0%. Despite net outflows from crypto ETFs earlier in the week—Bitcoin ETFs lost $151 million and Ethereum ETFs $134 million over four sessions—investment inflows resumed in the last two days, though the trend remains negative overall.
SUI is shaping up for a potentially decisive move. On the daily chart, the token has been grinding within a classic ascending triangle, one of the market’s most reliable bullish continuation patterns. Price action is now pressing right against the upper boundary, and a breakout here could open the door for a strong run — with upside targets stretching toward $5.50 if momentum holds.
Ethereum (ETH) is once again capturing investor attention as it mounts a decisive recovery from its latest consolidation phase. With a fierce battle underway at the $3,835 resistance, the world’s second-largest cryptocurrency stands at a crucial technical crossroads. Are we on the brink of a sustained rally toward new all-time highs, or is another correction looming for the ETH/USD pair? This in-depth technical and on-chain analysis decodes the signals and pinpoints the most important Ethereum support and resistance levels for traders and long-term investors.
The SOL/USD pair is recovering within a well-defined medium-term ascending channel after a sharp correction from six-month highs near $206.25. This recent retracement, driven by persistent monetary tightening from the Federal Reserve and ongoing macro uncertainty, saw Solana drop to $157.00. However, renewed buying interest has propelled prices back above $165.70 (the 38.2% Fibonacci retracement), setting the stage for a potential push toward higher resistance levels.
The mood across the crypto market remains cautious as concerning macroeconomic data from the US continues to weigh on risk appetite. Despite these headwinds, Bitcoin has managed to stabilize, holding above recent local lows and fueling speculation over a potential trend reversal.
Daily Chart: Technical Confluence at $0.20—Can the Bulls Defend?
Market Recap: Solana Battles Prolonged Downtrend
As August 2025 opened, Bitcoin retraced back to early July levels, sparking debate among crypto investors about the fate of the current bull run. Is this the end—or just a fresh buying opportunity?
The crypto treasury arms race is rapidly expanding beyond Bitcoin and Ethereum, with Solana reserves seeing aggressive corporate accumulation in recent weeks. Upexi, for example, announced on August 5th that it boosted its SOL holdings from 735,692 tokens at the end of June to more than 2 million in July—raising over $200 million to fuel the expansion.
For crypto, the framework is similar to traditional financial markets but comes with its own twist. Here, price action turns on liquidity, adoption, regulation, and flows from institutions alongside retail sentiment. Network health—hash rate, staking, active wallets—adds another layer. Macro still matters too: rates, dollar strength, and risk appetite shape inflows and outflows. Then, as with any market, you use the chart—trend, support and resistance, momentum, and volume—to spot setups and manage risk.