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Price analysis 8/5: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

Global equity markets witnessed a massive sell-off, pulling Bitcoin and several major cryptocurrencies to unexpected lows.

Bitcoin bulls were obliterated, but is it time to catch the falling knife?

Bitcoin derivatives show traders’ morale is low, weakening the odds of a 20% rise from the $49,320 BTC bottom.

Jump Trading’s Ether dump: Smart move or sign of trouble?

Jump Trading’s aggressive Ether sell-off, coinciding with Japan’s market crash, raises questions about its strategy and market exit.

Ex-Ripple board member, Biden adviser joins Harris campaign: Report

Economics adviser Gene Sperling joined Ripple’s board in 2015 after serving under Presidents Bill Clinton and Barack Obama.

Bitcoin analyst sees seller ‘exhaustion’ as BTC price rebounds 10%

Bitcoin sellers run out of steam and BTC price strength returns at the Wall Street open as US stocks initially avoid copying the fate of their Asian counterparts.

Bitcoin ETF trading volume tops $1B amid crypto crash — Galaxy

Galaxy’s head of research expects the funds to see inflows as investors buy the dip.

Robinhood says its 24-hour trading ‘currently operating’

Introduced in May 2023, the Robinhood 24-hour market service allows customers to invest on their own schedule.

Market makers sold over $300M Ether as ETH price crashed below $2,200

Ether’s price fell from above $3,000 to $2,100 due to selling pressure from a select group of market makers.

Bitcoin price downside may last 2 months — Analysis

Bitcoin could experience another two months of downside pressure before a bullish chart pattern could lead to a breakout.

Xapo Bank debuts interest-bearing Bitcoin, fiat accounts in the UK

Xapo Bank enters the UK market and becomes the first in the country to launch interest-bearing Bitcoin and fiat banking accounts.

Crypto market crash triggered by ‘aggressive’ selling by Jump Trading: Report

Jump Trading significantly contributed to the crypto market sell-off, and it could be looking to sell another $104 million worth of crypto.

Crypto products shed $528M amid recession fears — CoinShares

As Bitcoin dropped below $50,000, analysts expect more outflows that would potentially drive prices down to $42,000.

Over $1B wiped out in crypto liquidations as global markets suffer

Crypto traders faced significant losses as major cryptocurrencies, including Bitcoin and Ether, experienced a sharp decline, resulting in over $1 billion in liquidations.

Whales prepare for next altcoin rally, DeFi is ‘waking up’ — Finance Redefined

Crypto whales are positioning themselves for the next “altcoin season,” while DeFi loans are seeing a resurgence back to 2022 highs.

Analysts warn of further Bitcoin downside — Could BTC revisit $42K?

Despite the gloomy outlook, Bitcoin could prevent more downside pressure if it manages to remain above the $51,000 mark.

Bitcoin on edge as economy falters: 10x Research report

Findings from a 10x Research report reveal a potential Bitcoin price drop below $50,000 amid US economic uncertainty, impacting the broader crypto market.

Was Warren Buffett right? 5 Things to know in Bitcoin this week

Bitcoin sees a giant $20,000 crash in a week while Ethereum retreats 40% and Berkshire Hathaway’s Apple sale takes on new meaning as stocks dive worldwide.

Crypto hackers buy Ethereum dip using stolen funds

Hackers exploit the market crash, using stolen funds from the 2022 Nomad bridge hack to purchase 16,892 ETH at a significant discount.

Bitcoin dips below $50K: Crypto market crashes 17%

BTC dominance hits 58% as the cryptocurrency market suffers a 17% drop, plunging to a market cap of $1.76 trillion.

Memecoin dumps, then pumps after Vitalik Buterin sells unwanted airdrop

The memecoin took a massive hit after Buterin sold his entire 17 billion Neiro airdrop, but in a weird turn of events, it pumped soon after.

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