Crypto Price Analysis 8-5: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGECOIN: DOGE, ARBITRUM: ARB

The crypto market is up nearly 1% over the past 24 hours, with most cryptocurrencies trading in positive territory. However, with Bitcoin (BTC) trading relatively flat, altcoins are leading the charge. BTC traded above $115,000 late on Monday but lost momentum and fell to an intraday low of $114,198 before moving to its current level of $114,380. 

Ethereum (ETH) continued to push higher, briefly crossing $3,700 before moving to its current level. The world’s second-largest cryptocurrency is up almost 4% in the past 24 hours, trading around $3,671. Meanwhile, Ripple (XRP) is up over 2% and is trading around $3.05, having reclaimed the crucial $3 level. Solana (SOL) is up over 4% as it attempts to reclaim $170, while Dogecoin (DOGE) is up over 3%, trading around $0.206. Cardano (ADA) is up nearly 3% and Stellar (XLM) is marginally up, trading around $0.409. Chainlink (LINK), Litecoin (LTC), and Polkadot (DOT) also registered substantial increases. However, Hedera (HBAR) and Toncoin (TON) bucked the bullish trend, registering notable declines.

CFTC To Allow Spot Crypto Trading On Registered Exchanges

The US Commodity Futures Trading Commission (CFTC) is launching an initiative to allow spot crypto trading on CFTC-registered futures exchanges. The new initiative is part of its “crypto sprint” initiative to implement recommendations from President Donald Trump’s Working Group on Digital Assets Markets, which includes 18 recommendations. CFTC Acting Chair Caroline Pham stated,

“The CFTC is full speed ahead on enabling immediate trading of digital assets at the Federal level in coordination with the SEC’s Project Crypto. There is a clear and simple solution the CFTC can implement now.”

A spot crypto contract will resemble a futures-style, listed contract that will mirror spot crypto prices and trades on a CFTC-registered designated contract market (DCM). The Working Group’s crypto policy report requested that the CFTC outline how cryptocurrencies may be considered commodities, how registration requirements would apply to decentralized finance market participants, and provide guidance to CFTC-regulated entities.

CFTC Urged To Investigate Quintez Kalshi Links

A US Congresswoman has urged the US Commodity Futures Trading Commission (CFTC) to investigate nominated chair Brian Quintenz over his association with Kalshi, a CFTC-regulated prediction platform. Democratic Representative Dina Titus asked CFTC acting chair Caroline Pham to open an inquiry to determine if Quintenz has violated CFTC policies, any applicable federal statute, or his ethical pledge.

“Specifically, I request that you release all relevant communications from or about Mr. Quintenz related to prediction markets and event contracts. As you are aware, Mr. Quintenz is currently on the board of Kalshi and holds stock options in the company.”

Voting to confirm Quintenz’s nomination has been repeatedly delayed. Last week, the Senate Agriculture Committee pulled a planned hearing for the nomination at the request of the White House.

Trump Bitcoin Advisor Wants To Create $200M PAC

David Bailey, an entrepreneur and Bitcoin advisor to President Donald Trump, is looking to raise $200 million for a political action committee (PAC) to advance Bitcoin’s interests in the US. Bailey, founder of Bitcoin Magazine and BTC Inc., was an advisor during President Trump’s campaign and is considered one of the key figures behind the President’s Bitcoin pivot. Bailey stated in a post on X,

“I’ve learned a lot about politics and how the game is played this year. I’m thinking about raising a $100m-$200m PAC (anchored by Nakamoto) to advance Bitcoin priorities. I have my ideas, but what do you think should be part of the Bitcoin voter platform?”

PACs in the US raise funds through donations and donate the money to specific candidates, parties, and causes. The proposed PAC will focus on helping the Bitcoin (BTC) price reach $10 million and position the asset for the long term.

SEC Issues Guidance To Treat Stablecoins As Cash Equivalents

The United States Securities and Exchange Commission has issued guidance allowing certain dollar-backed stablecoins as cash equivalents on corporate balance sheets. The guidance is part of a broader initiative streamlining cryptocurrency regulation. Stablecoins qualifying under this guidance must meet strict criteria and have full backing through Treasury bills or cash, maintain a 1:1 peg to the dollar, and guarantee redemption. However, the guidance excludes algorithmic stablecoins, yield-bearing tokens, and any asset not tied to the US Dollar.

The new guidance removes an accounting hurdle that prevented traditional financial institutions from participating in the stablecoin ecosystem. It will also improve corporate reporting transparency and simplify how companies with crypto exposure can manage their accounting. The SEC guidance aligns with recent policy changes, including the GENIUS Act.

Crypto Funds End 15-Week Streak As Market Sentiment Dampens

Crypto exchange-traded products (ETPs) ended the previous week in the red, as their 15-week inflow streak came to an end. Investor sentiment turned bearish due to a hawkish Federal Reserve after the conclusion of the Federal Open Market Committee (FOMC) meeting. Crypto EPTs registered $223 million in outflows last week, according to a report by CoinShares. ETPs made a strong start to the week, but worsening investor sentiment reversed market trends in the second half of the week. The report added,

“Given we have seen US$12.2bn net inflows over the last 30 days, representing 50% of inflows for the year so far, it is perhaps understandable to see what we believe to be minor profit taking.”

Bitcoin (BTC) Price Analysis

Bitcoin (BTC) is back in the red during the ongoing session, with the price down nearly 1% at $114,202. The flagship cryptocurrency faced substantial selling pressure last weekend and dropped to a low of $111,971 on Sunday as bearish sentiment peaked. Despite this, it recovered to reclaim $114,000 and end the day at $114,311, up almost 2%. Buyers retained control on Monday as BTC started the week in positive territory but lost momentum during the current session.

BTC’s latest price action has divided analysts over its next move. Some analysts believe the price could recover towards $116,000, while others are concerned about a bigger decline. These concerns are in sharp contrast with the belief that BTC’s retracement is over and that the price is preparing to push to new all-time highs. Crypto Trader Daan Crypto summarized on X,

“$BTC has continued its streak of setting the high or low within the first week of the month. We’ll have to see if August is going to be any different. What we do know is that the current monthly high ($116K) has a very low chance of holding as we’ve never seen a monthly wick high this small in the past 4 years.”

The analyst concluded that volatility has been insufficient so far compared to price moves earlier in 2025.

“The current move from high to low is also just ~3.6%. There’s also a very high likelihood we’ll make a larger move this month. The smallest monthly low-to-high difference within a month is about 10% for BTC in its past 4 years. This, of course, says nothing about direction.”

BTC has steadily declined since last week, and market analysts have raised alarm bells about weak liquidity and inconsistent institutional demand. According to a popular CryptoQuant analyst, BTC began experiencing a sharp decline in its liquidity inventory ratio in mid-July, as the ratio fell to levels that indicated only three months of available supply on major trading platforms. While reduced supply generally leads to upward price pressure, the analyst highlighted a lack of new demand, which left markets susceptible to a price drop.

“When liquidity is thin and there is no consistent buying activity from large investors or ETFs, even small sell orders can lead to significant price drops.”

The analyst hinted that weak markets could persist unless fresh demand enters the market.

BTC ended the previous weekend in positive territory, rising 1.31% on Sunday and settling at $119,398. However, it was back in the red on Monday, dropping 1.11% to $118,069. Sellers retained control on Tuesday as the price registered a marginal drop and settled at $117.925. It fell to an intraday low of $115,772 on Wednesday before recovering to reclaim $117,000 and settle at $117,788, ultimately dropping 0.12%. Sellers retained control on Thursday as BTC fell 1.69% and settled at $115,800.

Source: TradingView

Bearish sentiment intensified on Friday as BTC fell over 2%, slipping below $114,000 and settling at $113,365. The price continued declining on Saturday, dropping almost 1% and settling at $112,601. BTC fell to an intraday low of $111,971 on Sunday. However, it recovered from this level to reclaim $114,000 and settle at $114,311, ultimately registering a 1.51% increase. BTC started the current week in positive territory, rising 0.69% to reclaim $115,000 and settle at $115,097. The current session sees BTC down almost 1%, trading around $114,193.

Ethereum (ETH) Price Analysis

Ethereum (ETH) led the crypto market’s upward push on Monday as BTC traded flat. The world’s second-largest cryptocurrency rebounded on Sunday, rising over 3% to $3,500, reversing some of last week’s losses. Bullish sentiment intensified on Monday as ETH rose over 6% to reclaim $3,700 and settle at $3,721 before losing momentum during the ongoing session. Despite the drop, ETH is up over 2% over the past 24 hours.

ETH’s Monday rally can be attributed to BitMine’s massive purchase of 208,137 ETH. The purchase took the value of the firm’s ETH holdings above $3 billion, pushing the altcoin’s value past $3,700. It also helped BitMine widen its lead over SharpLink Gaming, the second-largest publicly-listed ETH holder. BitMine is the fourth-largest crypto-treasury company in the world, behind only Strategy, MARA Holdings, and Twenty One Capital. Growing institutional interest and confidence in ETH have been key drivers of the altcoin’s rally. BitMine’s rapid accumulation strategy has led to fierce competition among Ethereum treasury firms. Tom Lee, who heads the treasury company, stated,

“BitMine moved with lightning speed in its pursuit of the alchemy of 5% of ETH, growing our ETH holdings to over 833,000 from zero 35 days ago. We have separated ourselves among crypto treasury peers by both the velocity of raising crypto NAV per share and by the high liquidity of our stock.”

ETH ended the previous weekend up 3.52% at 3,875. However, it lost momentum on Monday, falling over 2% to $3,797. The altcoin experienced volatility on Tuesday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as ETH registered a marginal decline. The price fell to an intraday low of $3,680 on Wednesday. However, it rebounded from this level to reclaim $3,800 and settle at $3,811, ultimately rising 0.42%. Sellers reclaimed control on Tuesday as ETH fell almost 3% and settled at $3,699.

Source: TradingView

Selling pressure intensified on Friday as ETH dropped nearly 6%, slipping below $3,500 and settling at $3,488. Sellers retained control on Saturday as the price fell almost 3% and settled at $3,393. Despite the overwhelming selling pressure, ETH recovered on Sunday, rising over 3% to settle at $3,500. Bullish sentiment intensified on Monday as the price rallied, rising over 6% to reclaim $3,700 and settle at $3,721. The current session sees ETH down over 2%, trading around $3,633.

Solana (SOL) Price Analysis

Solana (SOL) slipped below $160 on Saturday, falling to an intraday low of $155 before settling at $158. The altcoin recovered with the broader markets on Sunday, rising over 2% to reclaim $160 and settle at $162. Bullish sentiment intensified on Monday as the price rose nearly 5% and settled at $169. Despite the positive momentum, SOL has been unable to reclaim $170 so far.

SOL ended the previous weekend in positive territory, rising over 2% to $188. It reached an intraday high of $195 on Monday as buyers attempted a move towards $200. However, it lost momentum after reaching this level and dropped over 3% to $183. Sellers retained control on Tuesday as the price registered a marginal decline and settled at $181. SOL plunged to an intraday low of $170 on Wednesday as selling pressure intensified. It rebounded from this level to settle at $177, ultimately registering a 2.06% decline. SOL continued declining on Thursday, dropping over 3% to $172.

Source: TradingView

Bearish sentiment intensified on Friday as SOL plunged 5.57% and settled at $162. Sellers retained control on Saturday as the price fell 2.57%, slipping below $160 and settling at $158. Despite the overwhelming selling pressure, SOL rebounded on Sunday, rising over 2% to reclaim $160 and settle at $162. Bullish sentiment intensified on Monday as the price rose 4.70% and settled at $169. The current session sees SOL marginally down as buyers and sellers struggle to take control. Buyers will look to retake control and drive SOL past $170.

Dogecoin (DOGE) Price Analysis

Dogecoin (DOGE) spent all of last week in the red, starting with a drop of over 6%, which pushed the popular memecoin to $0.225. The price faced volatility on Tuesday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as DOGE registered a marginal drop and settled at $0.224. The price plunged to an intraday low of $0.209 on Wednesday. However, it rebounded from this level to settle at $0.220, ultimately dropping 1.61%. Selling pressure intensified on Thursday as DOGE fell nearly 5% and settled at $0.209.

Source: TradingView

Sellers retained control on Friday as DOGE dropped almost 4%, falling to a low of $0.195 before reclaiming $0.20 and settling at $0.201. Bearish sentiment persisted on Saturday as the price fell over 5%, slipping below $0.20 and settling at $0.191. Despite the overwhelming selling pressure, DOGE rebounded on Sunday, rising almost 4% to $0.198. Buyers retained control on Monday as the popular memecoin started the new week in positive territory, rising nearly 6% to $0.210. The current session sees DOGE marginally down, trading around $0.209 after dropping to an intraday low of $0.201.

Arbitrum (ARB) Price Analysis

Arbitrum (ARB) started the previous week in bearish territory, dropping nearly 6% on Monday and settling at $0.434. The price faced volatility on Tuesday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as ARB fell over 2% and settled at $0.424. The price dropped to an intraday low of $0.393 on Wednesday as selling pressure intensified. However, it rebounded from this level to reclaim $0.40 and settle at $0.415, ultimately dropping over 2%. ARB reached an intraday high of $0.431 on Thursday. It lost momentum after reaching this level, dropping over 4% to $0.397.

Source: TradingView

Bearish sentiment intensified on Friday as ARB fell over 5% and settled at $0.377. Sellers retained control on Saturday as the price fell over 2% and settled at $0.368. Despite the overwhelming selling pressure, ARB recovered on Sunday, rising almost 4% and settling at $0.382. Bullish sentiment intensified on Monday as the price rose nearly 6%, crossing the 200-day SMA to reclaim $0.40 and settle at $0.405. The current session sees ARB down almost 2%, trading around $0.398 after rebounding from an intraday low of $0.385.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

source : https://cryptodaily.co.uk