Schlagwort: crypto business

• Illuvium (ILV) surged 100% after the Leviathan No Limits Tournament boosted player interest.
• Breakout from the double bottom pattern confirmed bullish momentum.
• Key targets to watch are: $25, $27.50, and $30 if the rally continues.

In a stunning turn of events, Illuvium (ILV) has reignited investor interest after a dramatic price surge following the conclusion of its highly anticipated Leviathan No Limits Tournament.

The Web3 gaming token has shown exceptional momentum in recent days, leaving traders wondering whether this marks the start of a sustained uptrend or just a temporary flash of hype.

With the fundamentals improving and technical indicators aligning, ILV is making a strong case to be back on the radar.

Competitive play sparks a revival

The Leviathan No Limits Tournament served as a defining moment for the Illuvium ecosystem.

Unlike previous events that relied heavily on high-end NFT assets, this competition showcased how skill alone could drive competitive outcomes.

As a result, players with minimal in-game investments were able to compete effectively, shifting the game’s perception from pay-to-win to a skill-based and fair one.

This shift has contributed to a renewed sense of legitimacy around the game.

More importantly, it has started to attract a broader audience, including previously sceptical players who now see a more polished and competitive product.

As word spread, ILV’s price began to react swiftly, climbing more than 60% in a single day, a move rarely seen even among highly volatile crypto assets.

Double bottom breakout ignites an ILV bull run

Technically, the ILV/USDT chart painted a classic double bottom near the $11.81 level, forming a strong base after months of consolidation.

This bullish pattern triggered a sharp breakout, pushing the token to a high of $23.53 — a remarkable 100% rally within just a few hours.

To many, this is a clear breakout confirmation, with volume surging to levels not witnessed in months.

Even though the price has slightly pulled back to the $21 range, the bullish momentum remains intact.

Holding above $20 will be crucial in determining whether this is a healthy retracement or the start of a deeper correction.

However, with sentiment shifting and volume still strong, many believe the breakout has more room to run.

Illuvium price targets to watch

Market analysts have started pointing to higher resistance levels as potential short-term targets.

The first key level to watch is $25, followed by $27.50 and then $30 if momentum continues.

These targets are based on technical resistance zones and recent historical price action.

A successful breakout above the $23.66 high could pave the way for rapid moves toward those levels.

However, traders must remain cautious. ILV is still down nearly 99% from its all-time high of $1,911.26 recorded in November 2021.

While the recent bounce is significant, it comes after a deep and prolonged bear phase.

This means that volatility is likely to persist, and any major price movement should be approached with calculated risk management.

In addition, the RSI indicator shows an overbought market, meaning a pullback could be imminent, although the MACD shows a bullish trend resurgence.

Long-term outlook hinges on more than hype

Beyond the charts and short-term catalysts, Illuvium’s long-term success will depend on continued player engagement, product updates, and the ability to retain a competitive edge in the growing Web3 gaming sector.

The Leviathan tournament may have reignited interest, but sustaining that momentum will require consistent delivery from the development team.

Notably, the Illuvium ecosystem is still sizzling with user engagement as the ILV Summer Exclusive Illuvitars, which ends on August 14, has seen over 180 Glitched Illuvitars pulled so far.

Sale Ends Aug 14! https://t.co/q92M7ULF7v

— Illuvium (@illuviumio) August 4, 2025

With these developments, Illuvium has once again become one of the Web3 tokens to watch closely, although whether the recent breakout turns into a full-blown trend reversal remains to be seen.

The post Illuvium (ILV) price forecast post Leviathan No Limits Tournament appeared first on CoinJournal.

• BlackRock’s iShares Bitcoin Trust (IBIT) saw $292.5 million exit the fund on Monday.
• Spot Ethereum ETFs also faced heavy outflows on Monday.
• The selling pressure came as Bitcoin extended its retreat from the July 14 all-time high.

US-listed spot Bitcoin and Ethereum ETFs continued to see outflows on Monday, extending a recent trend of investor pullback as digital assets slid from their recent highs.

Monday marked the third consecutive trading session of net outflows across US-listed spot Bitcoin funds.

Bitcoin ETFs log consecutive outflows

BlackRock’s iShares Bitcoin Trust (IBIT) saw $292.5 million exit the fund on Monday, the largest single-day outflow it has recorded since May.

The fund had already broken its 37-day inflow streak with a minor outflow on Friday.

The selling pressure came as Bitcoin extended its retreat from the July 14 all-time high.

The token dropped 8.5% over the weekend, bottoming out at $112,300 on Sunday before partially recovering to $115,000 by late Monday trading.

Despite the recent setback, BlackRock’s IBIT still logged a net inflow of $5.2 billion in July, equivalent to 9% of the fund’s total inflows since its launch in January 2024.

Other Bitcoin ETFs also saw subdued activity. Fidelity’s Wise Origin Bitcoin Fund (FBTC) posted an outflow of approximately $40 million, while the Grayscale Bitcoin Trust (GBTC) lost $10 million.

Bitwise’s Bitcoin ETF (BITB) was the only product to record an inflow on Monday, attracting $18.7 million.

All other US-listed Bitcoin ETFs recorded no flows.

The overall outflow on Monday was significantly milder compared to Friday’s sharp exit of $812 million, suggesting that pressure may be easing as Bitcoin finds support near current levels.

Volatility cools since ETF launch

Commenting on the recent price behaviour, Bloomberg ETF analyst Eric Balchunas noted on Monday that Bitcoin volatility has declined notably since the approval of spot Bitcoin ETFs earlier this year.

He highlighted that the 90-day rolling volatility for BlackRock’s IBIT has dropped below 40, down from levels above 60 at the time of the ETF’s launch.

VOL KILLER: Since the launch of the ETFs the volatility on bitcoin has plumetted. The 90-day rolling vol is below 40 for the first time- it was over 60 when the ETFs launched. I threw in $GLD for perspective. Less than 2x gold, used to be over 3x. pic.twitter.com/r1S7WztJ4i

— Eric Balchunas (@EricBalchunas) August 4, 2025

Balchunas previously said that reduced volatility and the absence of sharp drawdowns have helped Bitcoin appeal to larger institutional investors, potentially aiding its broader adoption as a currency.

Ethereum ETFs see record one-day outflow

Spot Ethereum ETFs also faced heavy outflows on Monday, with a total of $465.1 million withdrawn across multiple funds.

This was the highest single-day net outflow since these products launched.

BlackRock’s spot Ether fund (ETHA) led the retreat, with $375 million in outflows.

Fidelity’s FETH, Grayscale’s ETHE, and the Grayscale Ethereum Mini Trust also experienced redemptions.

The Monday exodus followed a period of strong investor interest in Ethereum ETFs.

Inflows had totaled $2.2 billion in the second week of July, $1.9 billion in the third week, and $154.3 million last week, according to data from SoSoValue.

The post Bitcoin and Ethereum ETFs see continued outflows as market pulls back appeared first on CoinJournal.

• Morpho price rose as Morpho Labs joined other top real-world asset platforms in a new partnership.
• RWA powerhouses Plume, Centrifuge among those to support Ascend accelerator.
• MORPHO token jumped 10% in 24 hours to $1.85.

The cryptocurrency market is up slightly on Monday, and Morpho (MORPHO) is one of the top gainers after posting double-digit gains in the past 24 hours.

While the uptick aligns with overall crypto bounce that mirrors a surge across stocks, MORPHO is up after the crypto platform teamed up with other players across the real-world assets market to launch a new accelerator project dubbed Ascend.

Amid a rebound in US stock indices, MORPHO rose 10% to highs of $1.85.

Morpho Labs key player in RWA market

On Monday, Morpho Labs announced that it was part of the strategic partnership that has launched Ascend.

Ascend RWA Accelerator co-led by @plumenetwork and @odisealabs

A RWA-focused accelerator with up to $500,000 in funding on Demo Day

Powered by Morpho https://t.co/MdFrHbA1Lq

— Morpho 🦋 (@MorphoLabs) August 4, 2025

The groundbreaking initiative is designed as a startup accelerator targeted at the real-world assets market, with $500k in funding.

Plume Network said Ascend is “the first startup accelerator designed to take ambitious RWA ideas into scalable protocols.”

Big name players back the program, including Plume, Morpho, and Centrifuge.

Others are Anchorage Digital, RWA.xyz, Keyrock and OKX Ventures. The collective aims to advance the tokenization of real-world assets.

Morpho Labs, a decentralized finance (DeFi) lending infrastructure that among other offerings powers crypto-backed loans on Coinbase, is a top backer of the accelerator.

As the collaboration highlights growth across the RWA sector, projects like Morpho begin to stand out.

MORPHO token gains amid crypto bounce

The MORPHO token experienced a significant uptick, rising 10% in 24 hours from lows of $1.66 to $1.85.

Gains came amid the positive market sentiment around RWA tokens and the Ascend launch.

However, it also followed a broader recovery in cryptocurrencies as a rebound in US stock markets buoyed sentiment.

On Monday, August 4, 2025, the benchmark S&P 500, the Dow Jones Industrial Average, and tech-heavy Nasdaq Composite all rose amid market expectations of a Fed interest rate cut.

Broader recovery follows last week’s sell-off, which saw Bitcoin dip to lows of $114k to dampen investor confidence across the ecosystem.

While US stocks have recovered from their Friday sell-off, yields on US government bonds have not. I suspect there are two reasons for this: (i) Stock investors have been conditioned for years to ‚buy the dip,‘ a strategy that has worked very well; and (ii) there’s a widespread… pic.twitter.com/GKBxMs8PO5

— Mohamed A. El-Erian (@elerianm) August 4, 2025

However, with a rebound in equities spilling over into the crypto, BTC is up to $115k.

A spike for RWA tokens has MORPHO eyeing a break to $2.00.

With gains also for Plume and Centrifuge, a continuation of upside momentum could push MORPHO to February highs of $2.5 and likely allow for a new all-time high in coming months.

MORPHO’s price surged to its all-time peak of $4.17 in January 2025.

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