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Aug 4, 09:54 AM
Bitcoin Near $114K, Ethereum $3,533 Mimics 2021 Rally; XRP Up 5%, MetaPlanet Raises $3.7B, Trump Media Holds $2B BTC
Markets
Blockchains
Crypto

Bitcoin Near $114K, Ethereum $3,533 Mimics 2021 Rally; XRP Up 5%, MetaPlanet Raises $3.7B, Trump Media Holds $2B BTC

Authors
  • CoinDesk
  • Bankless
  • Kyledoops
6

Cryptocurrency markets showed stabilization and selective gains on August 4, 2025, following a period of volatility influenced by U.S. tariffs and ETF outflows. Bitcoin (BTC) held steady around $114,000 to $115,000, demonstrating resilience supported by institutional buying and corporate investments, including Smarter Web Company's recent $10.75 million raise to increase its Bitcoin holdings to 2,050 BTC. Ethereum (ETH) traded near $3,533, exhibiting technical patterns reminiscent of its 2021 breakout, with analysts noting a potential major rally. Ethereum's institutional demand is rising, with forecasts suggesting a possible price target of $17,000 by 2026. XRP outperformed major cryptocurrencies with a 5% increase, while Dogecoin (DOGE) also saw gains of up to 5%. The blockchain Base has surpassed Solana in launching new tokens. Additionally, MetaPlanet is actively expanding its Bitcoin treasury, filing to raise $3.7 billion for further acquisitions. Trump Media reportedly holds $2 billion in Bitcoin and is planning to introduce a new utility token linked to its Truth platform. Market sentiment remains cautious amid ongoing U.S. tariff impacts and regulatory developments, with some regulators adopting a more crypto-friendly stance. Overall, the crypto sector is experiencing a phase of consolidation with pockets of bullish momentum driven by institutional and corporate participation.

Written with ChatGPT (GPT-4).

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