BTC skilled vital volatility after setting a brand new all-time excessive. The value rapidly reversed, signalling a attainable bull lure, main everybody to query, what’s the greatest crypto to purchase now? In all chance, BTC is about 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 stress ensued and trapped late entrants. It’s now again within the 118k vary. Sustaining this stage is vital for the bull cycle to stay in impact. A rebound from the 118k stage is a certain signal that the bullish development will proceed.
On the four-hour chart, BTC’s latest strikes replicate a traditional liquidity sweep. It broke by 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. And not using a convincing breakout, analysts predict the worth motion to stay risky.
Do you see the present $BTC chart construction after the fourth halving? It’s transferring in a gentle straight line, not like the parabolic curve constructions of the previous. That is BlackRock and different establishments, with their algorithms, controlling the worth. As a substitute 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 Information Present?
Binance’s seven-day imply influx is spiking as we communicate and has reached one in every of its highest ranges seen in latest occasions.
This metric tracks the common variety of BTCs coming into the alternate and has traditionally coincided with preparation for promoting, margin collateralization or institutional rebalancing.
The spike signifies a gentle 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 stress.
Moreover, Binance’s netflow has turned optimistic, indicating inflows outpacing outflows.
With out patrons absorbing the BTC, the imbalance may end in near-term volatility.
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$12B BlackRock Wager Rattles ETH Provide, Nonetheless The Greatest 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-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.
Attributable to 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.
Primarily based on the development on the 1-hour chart, ETH has exited the downtrend zone. On condition that it's the weekend, there are two attainable eventualities:
1. The value will start to reverse course & begin uptrend
2. The value 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, decreasing liquidity and sparking worth volatility.
Analysts predict that ETH may 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 accordance with Capary Capital’s CEO, Steven McClurg, there’s the next than 50% likelihood that BTC would possibly 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 mentioned in his interview with CNBC.
Different notable figures within the crypto panorama have disagreed with this notion. Michael Saylor, as an illustration, claimed in an interview that “Winter isn’t 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 submit, he mentioned, “I wager 2026 is an up 12 months.”
Maxi Doge Capitalizes On Dogecoin’s Slowdown
Whereas Dogecoin would possibly 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 large strides within the memecoin panorama, selling pace, adaptability and most good points.
It’s unapologetically daring and embodies its “1000x leverage, no stop-loss” tagline, capturing its neighborhood’s sentiment of utmost threat 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 of us may 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 neighborhood initiatives, 15% every for growth and liquidity provisioning and the remainder 5% devoted to rewards staking.
Transfer alongside to the Maxi Doge Presale website and join your pockets like Greatest Pockets, Swap ETH, BNB, USDT, or USDC or pay immediately along with your bank-issued card.
Dogecoin Struggles To Hold Its Momentum
Whereas Dogecoin’s worth motion is subdued in the mean time, the memecoin remains to be the yardstick to beat in the case of 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.
In the interim, the memecoin king must reclaim its help 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 arduous 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 stage, a tough however not unattainable job given Dogecoin’s loyal fan base and its confirmed resilience.
Monero Deposits Paused After 51% Assault
Kraken has paused Monero deposits after experiences got here out {that a} single mining pool, Qubic, gained management of greater than 50% of the community’s hashing energy.
Qubic usually focuses on AI-related blockchain purposes. 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 cause.
The actual fact it has survived a lot greater than some other coin is pure worth. Precisely what a digital financial community ought to do.
Monero will solely hold getting higher. pic.twitter.com/zKMLsVYBlg
— ᴜɴᴛʀᴀᴄᴇᴀʙʟᴇ (@DontTraceMeBruh) August 16, 2025
This stage of management may probably enable for double-spending and censorship of transactions. Nonetheless, Monero builders have pushed again.
In accordance with them, a reorganisation doesn’t essentially indicate a profitable 51% connect. Quite the opposite, consultants have warned that the pool’s dominance may 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 submit BTC’s Put up-Excessive Bull Lure, $12B BlackRock Wager Rattles ETH Provide: Greatest Crypto To Purchase Now? appeared first on 99Bitcoins.
