Shocking Crypto Price Movements: You Won’t Believe What’s Happening!

Ah, the crypto market, that delightful carnival of digital currencies, has decided to extend its weekend revelry into Monday, with Bitcoin (BTC) and its merry band of cryptocurrencies frolicking in the lush pastures of bullish territory. Our beloved Bitcoin, the crown jewel of this digital bazaar, has taken a rather audacious leap, vaulting over a significant resistance level and galloping past the $120,000 mark early on Monday. One can only imagine the jubilant cries of its devotees! 🎉

This exuberant rally can be attributed to a delightful cocktail of bullish catalysts: surging ETF inflows, whispers of a rate cut from the Federal Reserve, and a bullish flag pattern that would make any flag-waving patriot proud. BTC has pranced up nearly 3% in the last 24 hours, trading around $121,655 after reaching a dizzying intraday high of $121,981. Who knew digital coins could be so dramatic? 💰

Meanwhile, Ethereum (ETH) has broken the $4,000 barrier, much to the delight of analysts who are now predicting a new all-time high. The world’s second-largest cryptocurrency has rallied like a racehorse, rising nearly 23% last week and up almost 2% in the past 24 hours, trading around $4,300. Ripple (XRP) is barely keeping its head above water, while Solana (SOL) has reclaimed $180 and is now trading around $185, with buyers firmly in control. Cardano (ADA) is also marginally up, while Chainlink (LINK) has gallantly risen almost 4%, trading around $22. However, Toncoin (TON) and Stellar (XLM) seem to be the wallflowers at this crypto ball, trading in the red. 🥳

White House Crypto Advisor Bo Hines Resigns

In a plot twist worthy of a Shakespearean drama, Bo Hines, the head of President Donald Trump’s Council of Advisors on Digital Assets, has decided to bid adieu to his role and return to the private sector. Hines, who played a pivotal role in the grand tapestry of American crypto regulation, has left us all wondering about the reasons behind his sudden departure. He confirmed his resignation through a post on X, calling his time with President Trump and Crypto Czar David Sacks “the honor of a lifetime.” One can only imagine the heartfelt farewells! 😢

“Serving in President Trump’s administration and working alongside our brilliant AI & Crypto Czar David Sacks as Executive Director of the White House Crypto Council has been the honor of a lifetime. Together, we have positioned America as the crypto capital of the world. I’m deeply grateful to the industry for its unwavering support.”

Hines, ever the enigma, did not provide specific reasons for his departure, leaving the community oscillating between admiration and surprise. Some speculate that a lucrative opportunity in the private sector may have lured him away. How scandalous! 😏

Crypto Debanking Is Still Happening

In a rather unfortunate turn of events, several crypto firms are still facing account closures and denial of banking services under the guise of de-risking. The crypto community is convinced that this ongoing debanking policy, dubbed “Operation Choke Point 2.0,” is a nefarious plot to undermine the growth of digital assets. One might think that after President Trump’s election victory, the crypto landscape would be as welcoming as a summer’s day, but alas, it seems the shadows linger. 🌧️

Recent incidents suggest that crypto debanking is still very much alive and kicking. Alex Rampell, a partner at Andreessen Horowitz, has warned that banks are tightening their grip on crypto and fintech apps, coining it “Operation Chokepoint 3.0.” Rampell claims that banks are hiking fees to access account data or transfer funds to crypto platforms like Robinhood and Coinbase. Alex Konanykhin, CEO of Unicoin, echoed these sentiments, lamenting that US banks have closed accounts for crypto firms without so much as a “by your leave.”

Vitalik Buterin Reclaims On-Chain Billionaire Status

In a twist that could only be described as poetic, Ethereum co-founder Vitalik Buterin has reclaimed his on-chain billionaire status after ETH surged past the $4,000 mark over the weekend. The world’s second-largest cryptocurrency had not reached such heights in over eight months. Blockchain intelligence firm Arkham declared:

“BREAKING: VITALIK BUTERIN IS NOW AN ON-CHAIN BILLIONAIRE AGAIN.”

Buterin’s portfolio is now valued at a staggering $1.04 billion, holding 240,042 ETH, along with stakes in several other digital assets. One can only imagine the celebrations in the Buterin household! 🎊

World Liberty Financial Exploring Public Company To Hold WLFI

World Liberty Financial is contemplating the creation of a publicly-traded company to hold its WLFI tokens, aiming to raise a princely sum of roughly $1.5 billion for this venture. Reports suggest that the deal’s structure is still in the works, but the company has already reached out to major investors in technology and crypto. This move places World Liberty Financial among a growing list of publicly-listed crypto treasury companies, which have raised around $79 billion in 2025 for Bitcoin (BTC) purchases alone. Quite the ambitious endeavor! 💼

According to reports, the new treasury vehicle will be a shell company listed on the Nasdaq, mirroring Michael Saylor’s strategy of reinventing itself as a Bitcoin (BTC) holding company. Saylor’s company has amassed over $72 billion in BTC, reaching a market cap of $113 billion. One can only hope they have a good accountant! 🧾

Bitcoin (BTC) Price Analysis

Bitcoin (BTC) has commenced the week with a flourish, surging past the $120,000 mark. Price action took a brief pause on Friday when BTC fell 0.83% and slipped below $116,000 on Saturday, settling at $115,957. However, with positive macroeconomic developments, surging ETF inflows, and growing optimism about a rate cut, the price rebounded on Sunday, rising nearly 3% to cross $119,000. Bullish sentiment has persisted, with the price now trading around $122,000. Analysts are whispering sweet nothings about a potential new all-time high if buyers maintain their positive momentum. 💖

Analysts have long believed that a move past $120,000 was merely a matter of time, and prices could reach a new all-time high if this momentum continues. BTC’s latest rally is attributed to a bullish executive order in Washington and rising inflows into spot Bitcoin ETFs. Henrik Andersson, Chief Investment Officer at Apollo Crypto, believes this rally was long overdue after a period of consolidation.

“In our view, it was just a matter of time before it would break up. In this time, we have seen positive ETF flows, more treasury companies buying Bitcoin, and a number of positive developments coming out of the White House. Bitcoin has been stuck in a low-volatility band between $115,000 and $120,000 despite all the good news.”

Andersson credited President Trump’s executive order allowing crypto in 401(k) retirement accounts as the key driver of the rally, potentially unleashing around $9 trillion in capital into BTC and the broader crypto industry. Michael Saylor’s announcement about an impending BTC buy has also sent investor sentiment soaring. Saylor hinted that Strategy is preparing to add to its BTC stash this week, stating:

“If you don’t stop buying Bitcoin, you won’t stop making Money.”

Bitcoin ETFs continued to see inflows, purchasing $773 million worth of BTC to close the previous week. Despite the flagship cryptocurrency’s impressive rally, on-chain data suggests that sentiment isn’t overheated, indicating there is still room for further price increases. The Fear & Greed Index remains in the “Greed” zone, at 70 out of 100. Analysts are optimistic that BTC could reach a new all-time high this week as a bullish flag pattern activates, often a precursor to a major breakout. The pattern began on July 22, bottoming out below $100,000 and peaking at an all-time high of $123,091. Investors are also bullish about a possible rate cut by the Federal Reserve in September, with odds soaring after the US released weak nonfarm payroll data earlier this month.

BTC experienced a sharp decline on Friday (August 1), dropping over 2% and settling at $113,365. Sellers retained control on Saturday as the price fell 0.67% and settled at $112,601. Despite overwhelming selling pressure, BTC recovered on Sunday, rising 1.52% to cross $114,000 and settle at $114,307. The price continued to push higher on Monday, registering a 0.69% increase and settling at $115,097. BTC plunged to an intraday low of $112,707 on Tuesday as selling pressure returned, but rebounded to reclaim $114,000 and settled at $114,139, ultimately dropping 0.83%. The price recovered on Wednesday, rising 0.80% to reclaim $115,000 and settle at $115,047.

Bullish sentiment intensified on Thursday as BTC rallied, rising over 2% to cross $117,000 and settle at $117,483. Despite the positive sentiment, the price lost momentum on Friday, dropping nearly 1% to $116,513. Sellers retained control on Saturday as BTC fell 0.48% and settled at $115,957. Bullish sentiment returned on Sunday as BTC rallied, rising nearly 3% to reclaim $119,000 and settle at $119,046. The current session sees BTC up almost 2%, trading around $121,100 after reaching an intraday high of $122,190. What a rollercoaster ride! 🎢

Ethereum (ETH) Price Analysis

Ethereum (ETH) has galloped past the $4,000 level, reclaiming it after eight months as bullish sentiment around the world’s second-largest cryptocurrency intensified. ETH has been on an upward trajectory since last weekend, rebounding from an intraday low of $3,372. ETH’s stellar recovery prompted BitMEX co-founder Arthur Hayes to buy back into the asset only a week after selling 2,373 ETH for $8.32 million. Hayes moved $10.5 million in USDC across several transactions, redirecting it towards purchasing ETH. Talk about a dramatic comeback! 🎭

Hayes had warned of a possible drop in BTC and ETH prices last week, thanks to mounting macroeconomic pressures. The BitMEX founder cited renewed tariff fears following weak nonfarm payrolls numbers, adding that sluggish growth could push BTC and ETH towards $100,000 and $3,000, respectively. But alas, the tides have turned!

ETH has surged nearly 24% this week, reaching an intraday high of $4,347 earlier today. According to one analyst, the price could surge to $4,000 as it breaks out of its current pattern. The analyst stated that ETH had been accumulating for months and steadily absorbing selling pressure. According to the Wyckoff theory, such a phase generally ends with a decisive breakout. Meanwhile, analysts Crypto Rover and Titan of Crypto believe ETH is breaking above the upper trendline of a multi-year symmetrical triangle and suggested it could climb to $8,000 in the coming months. The optimism is palpable! 🌈

Institutional interest in ETH has also surged since July, with institutions and whales scooping up over 1,032 million ETH worth $4.7 billion through exchanges and institutional trading platforms. One can only wonder what these whales are planning!

“In the month since July 10, more than 1.035 million ETH ($4.167 billion) have been hoarded by multiple unknown whales/institutions through channels such as exchanges or institutional business platforms. The price of ETH also rose from $2,600 to $4,000 in this month, a 45% increase.”

ETH started the previous weekend in the red, dropping nearly 6% and settling at $3,488. Selling pressure persisted on Saturday as the price fell almost 3%, slipping below $3,400 to $3,393. ETH recovered on Sunday, rising over 3% to reclaim $3,500. Bullish sentiment intensified on Monday as the price rallied, rising over 6% to cross $3,700 and settle at $3,721. ETH was back in the red on Tuesday, dropping nearly 3% to $3,612. It rebounded on Wednesday, rising over 2% and settling at $3,685.

Bullish sentiment intensified on Thursday as ETH rose over 6% to reclaim $3,900 and settle at $3,911. The world’s second-largest cryptocurrency crossed the $4,000 mark on Friday, rising 2.52% and settling at $4,010. ETH rallied on Saturday, rising over 6% to cross $4,200 and settle at $4,262. Despite the overwhelming positive sentiment, ETH lost momentum on Sunday, registering a marginal drop and settling at $4,251. The current session sees ETH up nearly 1%, trading around $4,280. What a dramatic turn of events! 🎭

Solana (SOL) Price Analysis

Solana (SOL) has continued its upward march over the weekend, crossing $180 as buyers maintained control. The altcoin has been steadily rising since last week as institutional interest around the asset grows. SOL is up over 12% in the past week, breaking out of key technical structures. Analysts predict a push towards $200 this week if buyers maintain their grip. Crypto analyst Ali Martinez identified a textbook “cup and handle” pattern and predicted a 600% increase from current levels. However, more conservative estimates predict SOL will test its all-time high of $260. Whether buyers have the strength to take the price beyond this level remains to be seen. Institutional interest in SOL has also ramped up, with Upexi, DeFi Developments Corp, SOL Strategies, and Torrent Capital acquiring over 3.5 million SOL, marking one of the strongest accumulation waves in SOL’s history. Quite the spectacle! 🎇

SOL started the previous weekend with a sharp drop, falling nearly 6% on Friday and settling at $162. Selling pressure persisted on Saturday as the price fell 2.57%, slipping below $160 and settling at $158. It recovered on Sunday, rising over 2% to reclaim $160 and settle at $162. Bullish sentiment intensified on Monday as SOL rallied, rising nearly 5% to settle at $169. The price was back in bearish territory on Tuesday, falling 3% to $164. Buyers returned to the market on Wednesday as SOL rose 2.50% and settled at $168.

Bullish sentiment intensified on Thursday as SOL rallied, rising over 4% to cross $170 and settle at $175. Buyers retained control on Friday as the price rose 0.79% and settled at $176. Price action remained bullish over the weekend as SOL rose nearly 2% on Saturday and 2.72% on Sunday to reclaim $180 and settle at $182. The current session sees SOL marginally up, trading around $183 after reaching an intraday high of $186. What a thrilling ride! 🎢

Toncoin (TON) Price Analysis

Toncoin (TON) faced substantial volatility last weekend as buyers and sellers engaged in a dramatic tug-of-war. The price fell to an intraday low of $3.35 on Friday (August 1), reached an intraday high of $3.71, before settling at $3.57, ultimately rising 0.79%. The price reached an intraday high of $3.72 on Saturday before losing momentum, falling 0.94% to $3.53. Buyers and sellers struggled to establish control on Sunday as volatility persisted. Ultimately, buyers gained the upper hand as the price rose 0.75% to $3.56. TON was back in the red on Monday, dropping over 4% to $3.41. Bearish sentiment intensified on Tuesday as the price fell nearly 7% to $3.19.

Despite the overwhelming selling pressure, TON recovered on Wednesday, rising almost 4% and settling at $3.31. The price fell to an intraday low of $3.22 on Thursday. However, it rebounded from this level to settle at $3.36, ultimately rising 0.86%. TON registered a marginal drop on Friday but was back in positive territory on Saturday, reaching an intraday high of $3.47 before settling at $3.39, a 1.66% increase. Selling pressure returned on Sunday as the price fell 1.24% to $3.34. The current session sees TON up nearly 1%, trading around $3.37. What a dramatic saga! 📖

Injective (INJ) Price Analysis

Injective (INJ) registered a sharp drop on Friday (August 1), falling over 5% to $12.57. Sellers retained control on Saturday as the price fell 2.99% to $12.19. Despite the selling pressure, INJ recovered on Sunday, rising 6.55% to end the weekend at $12.99. Bullish sentiment persisted on Monday as INJ rose over 5% to cross $13 and settle at $13.65. The price was back in bearish territory on Tuesday, falling 5.42% to $12.91. INJ faced volatility on Wednesday as buyers and sellers struggled to establish control. Ultimately, buyers gained the upper hand as the price registered a marginal increase.

Bullish sentiment intensified on Thursday as INJ rallied, rising 8.50% to cross $14 and settle at $14.04. The price registered a marginal increase on Friday and rose over 3% on Saturday to settle at $14.54. INJ was back in the red on Sunday, dropping to an intraday low of $13.87 before settling at $14.39, ultimately dropping 0.97%. The current session sees INJ down almost 1%, trading around $14.25, but not before reaching an intraday high of $14.99. What a rollercoaster of emotions! 🎢

2025-08-11 17:35