Bitcoin Holds Steady As Ethereum, XRP, Dogecoin Lead Altcoin Rally

Author: Khyathi Dalal | August 04, 2025 04:27pm

Cryptocurrency markets are rallying on Monday, led by notable Ethereum outperformance.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$114,668
Ethereum	(CRYPTO: ETH)	$3,680.47
Solana	(CRYPTO: SOL)	$165.72
XRP	(CRYPTO: XRP)	$3.05
Dogecoin	(CRYPTO: DOGE)	$0.2055
Shiba Inu	(CRYPTO: SHIB)	$0.00001237

Notable Statistics:

• IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 0.1% and grew 3.97%, respectively. Daily active addresses dropped by 10.4% and increased 3.9%, respectively.
• Coinglass data shows 85,818 traders were liquidated in the past 24 hours for $234.22 million.
• The top gainers in the past 24 hours include MemeCore (CRYPTO: M), Mantle (CRYPTO: MNT) and Litecoin (CRYPTO: LTC).

Notable Developments:

• SharpLink Ups Ethereum Bets, Closes In On 500,000 ETH Holdings
• Bitcoin Mining With Nuclear Energy? French Lawmakers Are Considering It
• Coinbase CEO Brian Armstrong Defends UK-Ad Ban: ‘If You Can’t Say It, Then There Must Be A Kernel Of Truth In It’
• Vandalism Against Satoshi Nakamoto Statue Sparks Protest: You Can Steal Our Symbol, But You Will Never Be Able To Steal Our Souls’
• How Coinbase, Robinhood, Circle Could Benefit From The SEC’s New ‘Project Crypto’

Trader Notes: Michael van de Poppe notes that while Bitcoin has broken to the upside, it's still struggling at a major resistance level, with no clear trend reversal confirmed yet.

Good break upwards, however, #Bitcoin is still stagnating at this crucial resistance level.

There's no confirmation of a trend reversal as of yet. pic.twitter.com/yaTwDcwIFd

— Michaël van de Poppe (@CryptoMichNL) August 4, 2025

Bob Loukas highlights that BTC has retested its May cycle high, potentially marking the peak of this 60-day cycle.

While lower lows or retests are common in cycles, he notes they become less predictable in advanced bull markets.

His outlook suggests a strong rally toward a late August high, followed by a cycle decline into September.

$BTC As said before, this move to the downside wasn't necessarily unexpected.

Bounced off pretty strong, but didn't hit the demand zone yet.

Still believe August is a choppy month, even though this move came quicker than expected.

Whether we follow the green or red scenario in… pic.twitter.com/85depkQq8d

— Andrew Crypto (@AndrewCryptoHQ) August 4, 2025

Andrew Crypto explains that Bitcoin's recent dip wasn't surprising and was followed by a strong bounce, though it still hasn't tapped into the key demand zone.

He expects continued chop through August, with a move toward the supply zone likely regardless of whether BTC follows a bullish or bearish short-term path.

Rekt Capital points out that after completing a full fill of the Daily CME Gap, Bitcoin is now trying to reclaim higher ground. The crucial level to watch is $116,000, which marks the top of the gap and a potential trigger for further upside.

Read Next: 

• Bitcoin Rebounds Above $115,000: What Does Technical Analysis Say About Its Next Move?

Image: Shutterstock

Posted In: $BTC $DOGE $ETH $LTC $MNT $SHIB $SOL $XRP