Latest Ripple (XRP) Price Predictions: From Bold to Outrageous

According to Glassnode data, the daily transaction fees on the BTC network (14-day SMA) recently dropped to 3.5 BTC, marking the lowest level since late 2011. The decline usually suggests a lack of demand and could be hinting at a price drop in the foreseeable future.

Bitcoin may retrace further to test the 100-day EMA in the $111,000-$112,000 range if the rejection at this level indicates a breakdown in short-term support. In technical analysis, the failure to hold above the 50 EMA frequently serves as a bearish trigger since it indicates that buyers are becoming weaker in the face of increasing sell pressure.

Next Bitcoin battle

The next logical support test for Bitcoin may occur at the 100 EMA, as its inability to recover this level now suggests greater market vulnerability. Similar to corrections in previous cycles, the market may face more intense downside pressure if this level also fails.

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With momentum moving in favor of sellers, the consolidation phase between $120,000 and $116,500 has been invalidated from a structural standpoint. Additionally, patterns of trading volume show a decline in buyer activity, with no notable inflows to offset the deteriorating technical picture.

From correction to bear market

As market momentum has cooled, the RSI has been steadily declining, suggesting that the current correction may continue. Market confidence would be shaken by a decline toward the 100 EMA, which could also lead to wider altcoin weakness.

The $111,000 zone, however, becomes a crucial test for the market as a whole if it fails. Bitcoin is currently at a pivotal point in its history. The market will be closely observing, a recovery might restore confidence, but a more severe decline toward the 100 EMA might signal a longer corrective phase.

The US Treasury is exploring whether identity checks should be built directly into decentralized finance (DeFi) smart contracts, a move critics warn could rewrite the very foundations of permissionless finance.

Last week, the agency opened a consultation under the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), which was signed into law in July. The Act directs the Treasury to evaluate new compliance tools to fight illicit finance in crypto markets.

One idea was embedding identity credentials directly into smart contracts. In practice, this would mean a DeFi protocol could automatically verify a user’s government ID, biometric credential, or digital wallet certificate before allowing a transaction to proceed.

Supporters argue that building Know Your Customer (KYC) and Anti-Money Laundering (AML) checks into blockchain infrastructure could streamline compliance and keep criminals out of DeFi.

Bitcoin’s price actions have calmed over the weekend as the asset has stalled around the $115,000 mark following the massive volatility experienced on Friday.

Most altcoins are also sluggish on a daily scale, which is why we will focus on their weekly performances, and OKB stands in a league of its own.BTC Stalls at $115K

The business week didn’t go all that well for the primary cryptocurrency as its price started to lose traction from Monday. It first dipped to $115,000, and after an unsuccessful bounce, it quickly resumed its downfall with a nosedive to $113,000 by Wednesday and Thursday.

Friday was expected to be an even more volatile trading day and didn’t disappoint. At first, bitcoin dug a new local low,droppingbelow $112,000 for the first time since early July. However, as Jerome Powell took the stage to address the nation about the Fed’s upcoming monetary policy changes, the cryptocurrency began to recover lost ground rapidly.

Within an hour, the assetskyrocketedto over $117,000 as Powell hinted about potential rate cuts comingas soon as September.

Nevertheless, BTC’s momentum has cooled off since then, and the asset is just under $115,000 as of press time, which is essentially the same as yesterday. Its market cap has slipped below $2.290 trillion, while its dominance over the alts has taken another hit and is down to 56.3%.Alts Going Wild

Following Powell’s speech on Friday, many altcoins produced even more impressive gains than BTC. This included ETH, which rocketed to just under $4,900 to set a new all-time high. Although it has retraced slightly since then, it’s still 5% up weekly. SOL has performed even better, gaining nearly 8% since this time last Sunday.

XMR, TRX, LINK, and AVAX have jumped by around 3-5%, while AAVE has soared by 14% weekly to $350. OKB has stolen the show as a 60% pump has driven it to almost $200 as of now.

In contrast, XRP, DOGE, HYPE, ADA, SUI, and XLM have declined by up to 7.5% in the case of Hyperliquid’s native token.

The total crypto market cap has lost over $40 billion since yesterday and is down to $4.060 trillion on CG.

US-listed Ethereum exchange-traded funds (ETFs) have logged their first week of outflows in 15 weeks, marking a pause in what had been a steady run of institutional inflows.

Data from Farside Investors shows that investors pulled $241 million from the products during the week of August 22, even as a late-week rebound in demand softened the overall impact.

Ethereum ETFs Suffer Rare Setback of $241 Million Outflow

The week began with heavy selling pressure, with the nine funds registering a combined $866.4 million outflow between Monday and Wednesday.

Notably, Tuesday alone accounted for $429 million in redemptions, the second-largest daily outflow since the products went live.

By Thursday, however, sentiment began to shift. The funds recorded two consecutive days of inflows totaling $625.3 million.

While this reversal reduced the scale of the withdrawals, it was not enough to erase the earlier damage. The result was a net weekly outflow of roughly $241 million.

This shift tracked broader macro signals and Ethereum’s market moves. The early-week selloff stemmed from concerns about US inflation data, which heightened speculation over the Federal Reserve’s next policy decision and triggered expectations of a short-term price correction in ETH.

Later in the week, Fed Chair Jerome Powell delivered a more dovish message, calming fears of prolonged tightening. Ethereum responded with a rally to a fresh all-time high, which in turn spurred the late-week inflows.

Despite the setback, Ethereum ETFs continue to show stronger relative performance compared with their Bitcoin counterparts.

Last week, Bitcoin ETFs saw more than $1.1 billion in outflows, underlining the diverging investor appetite for the two leading crypto products.

Nate Geraci, president of investment advisory firm The ETF Store, pointed to the broader trend.

Since the start of August, spot Ethereum ETFs have attracted $2.8 billion in inflows, while spot Bitcoin ETFs have registered $1.2 billion in outflows. Looking back to July, Ethereum has pulled in $8.2 billion, compared with $4.8 billion for Bitcoin.

This pattern reflects a notable shift in institutional positioning. Investors appear increasingly willing to rotate into Ethereum products, even as broader market volatility continues to influence weekly flows.

Bitcoin has emerged as one of the go-to cryptocurrency assets for treasury strategies by different companies in the past few years.

This trend has intensified recently, and here are some of the latest additions.Slowly Climbing Up

One of the more recent procurements comes from Ming Shing Group, a publicly traded Hong Kong-based company listed on the NASDAQ (MSW), specializing in wet trades, such as plastering, tiling, and bricklaying, among others.

The purchase agreement is for 4,250 bitcoins, worth approximately $482 million, with an average price of $113,638 per unit. It is currently ranked 45th on the BitcoinTreasuries leaderboard, with 833 BTC, having started accumulating in early January, trailing the Nordic healthcare company H100 Group’s stash of 911 BTC.

Its stock has reacted positively to the announcement, rising over 11% daily earlier tshi week, according to the most recent data from Google Finance.A Known Face

Earlier in the week, KindlyMD increased its holdings by a notable 5,744 BTC, with an estimated cost of $679 million, at an average cost per bitcoin of $118,204. It’s an American healthcare and healthcare data company, also trading on the NASDAQ (NAKA), having merged with its Bitcoin-native holding company, Nakamoto Holdings Inc., at the start of May.

The firm joined the race later in the same month, with the mission of accumulating a million of the leading crypto asset. They’re much further ahead in the rankings, holding 5,765 BTC and currently sitting in 16th place, with a notable lead over Semler Scientific, which owns 5,021 BTC at print time.

“This acquisition reinforces our conviction in Bitcoin as the ultimate reserve asset for corporations and institutions alike.

Our long-term mission of accumulating one million Bitcoin reflects our belief that Bitcoin will anchor the next era of global finance, and we are committed to building the most trusted and transparent vehicle to achieve that future,” noted the CEO and Chairman, David Bailey.

The company’s stock, however, did not react so well to the news and has been declining since the start of the week, as indicated by data from Google Finance at the time of writing.

Ethereum-based gaming network Xai has filed a lawsuit against Elon Musk’s artificial intelligence company xAI, accusing it of trademark infringement and unfair competition.

The complaint, lodged in the Northern District of California on Thursday, claims Musk’s xAI company has created widespread market confusion, damaging Xai’s brand.

Ex Populus, the Delaware corporation behind Xai, said it has used the XAI trademark in US commerce since June 2023, including through its blockchain gaming ecosystem and the $XAI token. “This is a classic case of trademark infringement that requires the Court’s intervention to remedy,” the filing said.

Ex Populus operates the Xai ecosystem, which includes a blockchain-powered network designed for video gaming and digital transactions, offering infrastructure to support game logic, AI-driven decisions, rewards and data management across multiple applications, per the filing.