Monat: August 2025

Veröffentlicht am

ADA could bounce back after retesting the $0.84 low; Check forecast

Key takeaways

  • Cardano’s ADA is the worst performer among the top 10, losing 8% of its value in the last 24 hours.
  • The coin could recover above $1 soon after retesting the $0.84 low.

ADA retests $0.84 amid bearish PA

The cryptocurrency market has been bearish since the start of the week, and Cardano’s ADA has been the worst performer among the top 10 coins by market cap. ADA is down 8% in the last 24 hours and briefly dropped to the $0.8400 level.

The bearish performance saw ADA retest the TLQ at $0.8400 and could be getting ready for another leg-up after surpassing the $1 psychological mark last week. Its performance coincides with a massive sell-off in the broader crypto market, with Bitcoin briefly dropping below $113k earlier today.

Ether also dropped below $4,200 while XRP and Solana have failed to keep their prices above $3 and $200, respectively.

ADA to hit $1 if the $0.8400 support holds

The ADA/USD 4-hour chart is bullish and efficient despite Cardano losing 8% of its value in the last 24 hours. The technical indicators are switching bearish, suggesting that sellers are currently in control.

The RSI of 44 shows that ADA could be heading into the oversold territory if the bulls don’t regain control. The MACD lines have also crossed over into a bearish region. 

ADA/USD 4H chart

At press time, ADA is trading at $0.8491 as the $0.8400 support level holds. If the support level continues to hold, ADA could surge past the first major resistance level at $0.9570 before surpassing last week’s high of $1.0198.

However, failure to hold the $0.8400 support level could see ADA take out the TLQ and drop to the next major support zone at $0.7685. An extended bearish performance would see ADA retest August’s low of $0.6820.

The post ADA could bounce back after retesting the $0.84 low; Check forecast appeared first on CoinJournal.

Veröffentlicht am

Ethereum price prediction: ETH could dip to $4k amid bearish PA

Key takeaways

  • ETH is down 1.6% in the last 24 hours and has dropped below $4,200.
  • The bears are aiming for $4k as the broader crypto market experiences a sell-off.

ETH fails to defend its price above $4,200

Ether, the second-largest cryptocurrency by market cap, failed to hit a new all-time high last week and has since lost 10% of its value. It is currently down by 1.6% in the last 24 hours and now trades at $4,170 per coin.

The bearish performance comes as the broader cryptocurrency market experiences a sell-off. Bitcoin is down 8% since its all-time high milestone last week and temporarily dropped below $113k. XRP has dropped below $3 while Solana has failed to stay above $200.

Analysts believe that profit-taking is one of the primary reasons behind the bearish price action. In an email to Coinjournal, Ruslan Lienkha, chief of markets, YouHodler, stated that,

Profit-taking is indeed occurring at the moment, and in many cases, it reflects disciplined risk management. This is particularly true in the current environment, where institutional discussions increasingly emphasize that we may be entering the later stages of the bull market. A growing number of fund managers point out that U.S. equities appear overvalued, suggesting that the medium-term bullish trend could be approaching its end.

The analyst added that while long-term investors are generally less affected by these short-term dynamics, those operating within medium-term horizons, such as two- to three-year cycles, often adopt relative strategies that encourage them to secure gains when markets look stretched. In this context, realized profits may signal not so much a lack of confidence in further upside, but rather prudent portfolio management in anticipation of potential volatility.

ETH could drop to $4k as bears remain in control

The ETH/USD 4-hour chart has switched bearish despite the Ethereum price reaching a new yearly high of $4,788 on Thursday. The coin failed to continue its upward trend and declined nearly 14% since then. 

At press time on Wednesday, it trades at around $4,170. The technical indicators are bearish, with the RSI (35) and the MACD lines showing a strong sell-off in the market. 

XRP/USD 4-hour chart

If the daily resistance at $4,232 holds as resistance, ETH could dip towards its next key support at $3,946. An extended bearish run would see Ether retest the $3,300 low for the second time this month.

However, if ETH recovers and closes above the daily resistance at $4,232, the bulls could push its price higher and target the $4,488 level. It would need the support of the broader crypto market to hit the $4,788 yearly high.

The post Ethereum price prediction: ETH could dip to $4k amid bearish PA appeared first on CoinJournal.

Veröffentlicht am

Crypto update: Bitcoin slips as analysts warn of ‘fragile’ market structure

  • Bitcoin and Ether prices are falling despite positive industry news.
  • A key disconnect exists between weak price action and strong fundamentals.
  • Glassnode warns of market fragility and stretched leverage in the short term.

A profound and unsettling disconnect is cleaving the cryptocurrency market in two as the trading day begins in Asia.

While a torrent of structurally bullish headlines points to a maturing and increasingly powerful industry, the price action on screen tells a story of weakness, fear, and retreat.

This growing chasm between the long-term promise and the short-term pain has left investors caught in a tense tug-of-war.

The immediate picture is painted in red. Bitcoin is down 3% in the past 24 hours, struggling to hold the line at $113,000.

Ether is suffering even more, having shed 5.6% to land at $4,100, extending a week of bruising losses across the major digital assets. This persistent pullback is happening in the face of news that would, in any other environment, be sending prices soaring.

The view from the charts: a structure of sand?

For one camp of market observers, the current weakness is a simple function of a fragile and overextended market structure.

In a recent report, the analytics firm Glassnode frames the decline as a textbook case of exhaustion: spot momentum is fading, leverage is dangerously stretched, and the pressure from profit-taking is building to a critical point.

They warn that even the massive $900 million in inflows into U.S.-listed spot ETFs last week is not enough to sustain the rally on its own.

Without a renewed wave of conviction buying in the spot markets, Glassnode argues, the market’s positioning remains acutely “vulnerable to deeper deleveraging.”

A foundation of steel

This pessimistic view, however, is far from universal. Another camp argues that fixating on the short-term price action is a classic case of missing the forest for the trees.

The Singapore-based market maker Enflux, in a note shared with CoinDesk, contends that the industry is maturing at a pace that the charts are simply failing to capture.

They see the weak price action as a temporary “disconnect” and urge traders to focus on the truly significant headlines: Google becoming the largest shareholder in miner TeraWulf, Wyoming launching a state-backed stablecoin, and Tether hiring a former White House crypto policy official. 

These are not fleeting signals, Enflux argues; they are proof that serious capital and top-tier talent are aligning around a future that is institutional, regulated, and built to last.

The divergence in tone is telling. One side sees a house of cards, the other sees the scaffolding of a skyscraper being erected.

The shadow of the Fed

This internal conflict is being amplified by a powerful external force: the Federal Reserve.

The entire market is holding its breath ahead of the Fed’s FOMC minutes and, more importantly, Chairman Jerome Powell’s pivotal speech at the Jackson Hole symposium later this week.

With economists from institutions like Bank of America warning that Powell may argue for holding rates steady amid sticky inflation, the easy-money hopes that have buoyed risk assets are beginning to fade.

This macro uncertainty is forcing a reckoning in the crypto market, where the short-term fragility is clashing head-on with the long-term fundamental strength. The question now is which narrative will break first.

The post Crypto update: Bitcoin slips as analysts warn of ‘fragile’ market structure appeared first on CoinJournal.

Veröffentlicht am

Bitcoin at risk of a 51% attack from two miners

  • Foundry USA and AntPool now control over half of Bitcoin’s hash power.
  • Bitcoin price is slipping toward $110,530, a crucial support level.
  • Macro fears and Fed shifts add pressure to already weak crypto markets.

After Monero’s 51% takeover, two Bitcoin mining pools have sparked fears of a potential 51% attack on Bitcoin.

Notably, the developments have raised critical questions about the security of the Bitcoin network and the stability of the wider crypto market.

Also, the concerns over mining centralisation have intensified just as BTC faces steep price declines and broader macroeconomic pressures.

Two mining pools dominate Bitcoin’s hash power

Two major mining pools, Foundry USA and AntPool, now control more than half of Bitcoin’s total computing power.

Foundry even mined eight consecutive blocks in a row, an event that is extremely rare and has heightened fears of network centralization.

With over 51% of the hash power concentrated in just two entities, experts warn that Bitcoin is technically vulnerable to a 51% attack.

In such a scenario, the dominant miners could potentially reorganize blocks, censor transactions, or undermine trust in the network.

While such an attack would be extremely costly and perhaps self-defeating, the centralization trend has raised red flags across the community.

Rising empty blocks and collapsing fees

Alongside the hash power imbalance, analysts have noted an increase in the number of empty blocks being mined.

Empty blocks generate lower transaction fees, which has led to collapsing revenues for miners and less efficient network usage.

This situation has further fueled concerns about the long-term sustainability of the Bitcoin ecosystem, particularly as users demand greater efficiency from the blockchain.

Although some commentators argue that a 51% attack would require an astronomical investment, estimated at around $1.1 trillion, they also admit that the risk of manipulation grows when power becomes too concentrated.

Supporters of Bitcoin believe that no rational actor would spend such sums to destroy the very network that sustains their investment.

Still, the perception of risk is enough to shake market confidence.

Bitcoin price slides toward key support levels

The security fears are unfolding at a delicate moment for Bitcoin’s price.

After reaching an all-time high of $124,000 just last week, Bitcoin (BTC) has fallen sharply to around $113,000.

The cryptocurrency is now approaching a crucial support level near $110,530, where buyers are expected to step in.

If the price holds above that level, a rebound toward $120,000 and eventually $124,474 could follow.

Some analysts like popular X commentator BitQuant are confident that Bitcoin is still on track to reach $145,000 without ever dipping below the six-figure mark.

However, if Bitcoin breaks below the $110,530 support zone, the decline could deepen toward $107,000 or even $100,000.

Short-term charts show bearish momentum, with the relative strength index in negative territory and the 20-day moving average sloping downward.

Macro fears add pressure on crypto markets

Beyond the technical charts, macroeconomic shocks are also weighing on sentiment.

A recent shift in Federal Reserve policy, combined with Wall Street warnings about the newly passed Genius Act stablecoin bill, has unsettled investors.

There are fears that the legislation could trigger a flood of withdrawals worth up to $6.6 trillion, posing systemic risks to both banking and crypto markets.

 

 

The post Bitcoin at risk of a 51% attack from two miners appeared first on CoinJournal.