BTC skilled important volatility after setting a brand new all-time excessive. The worth rapidly reversed, signalling a potential bull entice, main everybody to query, what’s the finest crypto to purchase now? In all probability, BTC is ready to expertise sideways consolidation for some time throughout the $116 to $124k vary.
Bulls pushed BTC to a brand new peak of $124.4k, however heavy promoting strain ensued and trapped late entrants. It’s now again within the 118k vary. Sustaining this degree is vital for the bull cycle to stay in impact. A rebound from the 118k degree is a certain signal that the bullish development will proceed.
On the four-hour chart, BTC’s current strikes replicate a basic liquidity sweep. It broke by means of its earlier all-time excessive, triggering breakout buys and stop-losses, solely to reverse sharply.
(BTCUSD)
It then adopted up by sharply declining beneath the earlier swing low.
At the moment, BTC is buying and selling between the vary of 116k to 124k. With out a convincing breakout, analysts predict the value motion to stay unstable.
Do you see the present $BTC chart construction after the fourth halving? It’s shifting in a gradual straight line, not like the parabolic curve buildings of the previous. That is BlackRock and different establishments, with their algorithms, controlling the value. As an alternative of the parabolic strikes… https://t.co/OJSa5xjFJb pic.twitter.com/CRPLFCfqLw
— RG8
(@RG8XBT) August 17, 2025
Within the meantime, merchants have zeroed in on liquidity pockets on each ends of the vary.
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What Does The On-Chain Knowledge Present?
Binance’s seven-day imply influx is spiking as we communicate and has reached one in every of its highest ranges seen in current occasions.
This metric tracks the typical variety of BTCs getting into the trade and has traditionally coincided with preparation for promoting, margin collateralization or institutional rebalancing.
The spike signifies a gradual inflow of BTCs into Binance’s buying and selling accounts from exterior wallets. Traditionally, spikes like this, when not met by sufficient spot demand, have resulted in short-term promoting strain.
Moreover, Binance’s netflow has turned constructive, indicating inflows outpacing outflows.
With out patrons absorbing the BTC, the imbalance might lead to near-term volatility.
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$12B BlackRock Wager Rattles ETH Provide, Nonetheless The Finest Crypto To Purchase Now?
BlackRock has acquired greater than $12B price of ETH in simply 30 days, surpassing its BTC purchases by greater than 15X in the identical interval, signalling a robust institutional pivot to the altcoin king.
BlackRock ETH Holdings
BlackRock-controlled and managed iShares Ethereum Belief ETF (ETHA), launched in 2024, has already gathered $15B in property, highlighting its dedication to ETH’s long-term worth.
On account of its proof-of-stake mannequin and EIP-1559 burn mechanism that completely removes ETH from circulation, its internet issuance has dropped to an all-time low in 2025.
Based mostly on the development on the 1-hour chart, ETH has exited the downtrend zone. Provided that it's the weekend, there are two potential eventualities: 1. The worth will start to reverse course & begin uptrend 2. The worth will transfer sideways, ready for affirmation of the subsequent development pic.twitter.com/HoJ5C2RVFR
— Good Day Bray (@niceday0901) August 17, 2025
Now that BlackRock is on an ETH shopping for spree, provide is unquestionably going to tighten additional, lowering liquidity and sparking value volatility.
Analysts predict that ETH might attain $5000 to $7000 in 2025, pushed by institutional demand and clogged-up provide.
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BTC May Hit $150k Earlier than The Bears Come In, Says Exec
In response to Capary Capital’s CEO, Steven McClurg, there’s the next than 50% probability that BTC may go as much as the $140k to $150k vary earlier than a bear cycle subsequent 12 months.
Furthermore, he warned of a broader financial bear market that’s on the horizon, and expressed his scepticism in regards to the present macroeconomic panorama.
“I don’t just like the financial standing in any respect proper now,” he stated in his interview with CNBC.
Different notable figures within the crypto panorama have disagreed with this notion. Michael Saylor, as an example, claimed in an interview that “Winter will not be coming again.”
Moreover, Bitwise’s Chief Funding Officer, Matt Hougan, doesn’t count on the BTC market to decelerate any time quickly.
In an X publish, he stated, “I guess 2026 is an up 12 months.”
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Maxi Doge Capitalizes On Dogecoin’s Slowdown
Whereas Dogecoin may nonetheless be the memecoin king, there are new contenders on the block who don’t draw back from a problem.
Maxi Doge, Dogecoin’s gymrat cousin, is one such contender and, as such, is making huge strides within the memecoin panorama, selling pace, adaptability and most beneficial properties.
It’s unapologetically daring and embodies its “1000x leverage, no stop-loss” tagline, capturing its group’s sentiment of maximum danger and speculative frenzy that defines the meme coin ecosystem.
Grayscale’s going full throttle with its Dogecoin ETF plans
—they’ve filed to show their DOGE Belief right into a full-blown ETF below the ticker GDOG. Which means common people might quickly purchase Dogecoin like a inventory, no crypto pockets wanted. In the meantime, Maxi Doge is stealing the… pic.twitter.com/Iu01Ee3Hmo
— Seven Crypto
(@SevenWinse) August 17, 2025
Initially priced at simply $0.000252, Maxi Doge has already raised $1.1 million. Its tokenomics are centred round a growth-focused technique with 40% devoted to advertising and marketing, 25% for group initiatives, 15% every for improvement and liquidity provisioning and the remaining 5% devoted to rewards staking.
Transfer alongside to the Maxi Doge Presale website and join your pockets like Finest Pockets, Swap ETH, BNB, USDT, or USDC or pay instantly along with your bank-issued card.
Go to Maxi Doge Token
Dogecoin Struggles To Hold Its Momentum
Whereas Dogecoin’s value motion is subdued in the mean time, the memecoin remains to be the yardstick to beat in relation to gauging the memecoin market.
It’s nonetheless dominating the memecoin market with its $35 billion market cap. Nonetheless, after briefly touching $0.25, it has pulled again to round $0.23 within the absence of a transparent memecoin or altcoin cycle.
Dogecoin Value Chart
In the meanwhile, the memecoin king must reclaim its assist above $0.24. The longer goal stays the identical at $0.55, which might indicate a doubling of its market cap to $74 billion.
$DOGE chart is a murals.
The similarities between cycles are onerous to disregard.#Dogecoin may have its day. pic.twitter.com/6lOdPW8KsV
— Galaxy (@galaxyBTC) August 16, 2025
A brand new all-time excessive would require a 227% rally from its present degree, a tough however not inconceivable job given Dogecoin’s loyal fan base and its confirmed resilience.
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Monero Deposits Paused After 51% Assault
Kraken has paused Monero deposits after studies got here out {that a} single mining pool, Qubic, gained management of greater than 50% of the community’s hashing energy.
Qubic typically focuses on AI-related blockchain functions. Nonetheless, on this case, the mining pool claimed it reorganised six blocks on the Monero chain after a month-long effort to dominate its mining panorama.
They don't name Monero essentially the most battle examined coin for no motive.
The actual fact it has survived a lot greater than another coin is pure worth. Precisely what a digital financial community ought to do.
Monero will solely maintain getting higher. pic.twitter.com/zKMLsVYBlg
— ᴜɴᴛʀᴀᴄᴇᴀʙʟᴇ (@DontTraceMeBruh) August 16, 2025
This degree of management might doubtlessly permit for double-spending and censorship of transactions. Nonetheless, Monero builders have pushed again.
In response to them, a reorganisation doesn’t essentially indicate a profitable 51% connect. Quite the opposite, consultants have warned that the pool’s dominance might allow it to rewrite the blockchain and block rival miners.
This incident has sparked on-line debates over vulnerabilities relating to proof-of-work blockchain with concentrated mining energy.
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The publish BTC’s Publish-Excessive Bull Entice, $12B BlackRock Wager Rattles ETH Provide: Finest Crypto To Purchase Now? appeared first on 99Bitcoins.
