Crypto’s market limit remains within a strict range of $ 3.6 trillions, $ 3.8 billion, since merchants make liquidity and the microcapas tokens change approach in the first week of August, with some warning of a summer pause to continue.
Bitcoin (BTC) tested its 50 -day mobile average on Tuesday, pointing out exhaustion, while broader market capitalization remains above the trend, currently at approximately $ 3.72 billion, compared to the 50 -day SMA of $ 3.57 billion.
“The support received in the previous Peaks area suggests a temporary pause for earnings,” said Alex Kuptsikevich, FXPro Market Chief Analyst, in a Thursday note to Coindesk. “But slowness is rejecting the most active merchants, which have now gone to very small projects.”
“Bitcoin again approached its 50 -day mobile average. Such frequent tests of the medium -term tendency signal indicates accumulated fatigue in the first cryptocurrency,” he added.
This withdrawal for short -term speculators contrasts with continuous institutional accumulation.
The Sharplink Game Company added 83,561 Ether (ETH) last week (approximately $ 264.5 million), which takes its reservations to 522,000 ETH. In total, now 64 companies have 2.96 million ETH, or 2.45% of the offer, with a value of $ 10.81 billion.
Bitcoin also saw significant institutional entries. The strategy acquired 21,021 BTC ($ 2.46 billion) in July, contributing to the 26,700 BTC added by large entities throughout the month. Public and private companies now collectively have 1.35 million BTC, or more than 6% of the total circulating supply, according to Bitcintrease.
At the market level, BTC remains constant around $ 114,570, while ETH is at $ 3,650 from the Asian morning hours on Thursday. XRP (XRP) is traded about $ 2.97, 2% more in the last 24 hours. Solana’s Sol (Sol) and Dogecoin (Doge) led profits between specializations with an increase of 3.5%, while total volumes and volatility remain silenced.
Meanwhile, Ethena USDE at the beginning of this week became the third largest stable for market capitalization, increasing 75% since mid -July to reach $ 9.5 billion, probably driven by yields ranging from 10% to 19% (according to specific markets or strategies).
The total market capitalization of Stablecoin is approaching $ 275 billion, marking its seventh consecutive month of growth. The increase in Stablecoin flows is indicative that Fiat fresh that enters the cryptographic ecosystem, which can be considered a precursor for greater market volatility as merchants exchange money currency assets for tokens.
