Ethereum retreated and entered a technical correction as demand from American investors eased and the crypto market continued to crash following the introduction of tariffs on top US partners. Ethereum ETF demand wanes The Ethereum (ETH) price crashed by over…

What next for Ethereum price as spot ETF demand wanes?

The price of monero ( XMR) slipped 2.3% today, though the dip has nothing to 
do with the so-called 51% attack that Qubic supporters boldly predicted for 
Aug. 2. According to Qubic’s creator, the project got slammed with a DDoS 
attack instead—and for now, those earlier 51% domination claims have gone 
nowhere. No Chain Reorgs, […]

From DDoS Drama to Hashrate Mystery: Qubic’s Monero Attack Playbook Draws Fire

The crypto market took a sharp turn lower this week as a cocktail of weak 
economic data and heavy profit-taking sparked a wave of selling.

Bitcoin and the crypto market are in the red today, here’s why

The Bitcoin price surge above $120,000 has reignited speculation about where 
the flagship cryptocurrency stands in the current cycle. While price action 
alone offers only part of the picture, on-chain data from the Satoshimeter 
indicator suggests that Bitcoin is still firmly in the mid-phase of its cycle, 
pointing to significant potential ahead in its long-term trajectory. Bitcoin 
Price Still In Mid-Cycle Stage Bitcoin’s climb from $100,000 to a new ATH 
above $123,000 has brought fresh attention to on-chain metrics used to 
identify the cryptocurrency’s current stage in the present market cycle. Among 
them, the Satoshimeter, an indicator developed by crypto analyst Stockmoney 
Lizard, offers a nuanced look into Bitcoin’s movements and price position. 
Related Reading: Don’t Blink: 1,000 XRP Could Be The Best Move You’ve 
Made—Expert According to the expert’s analysis released on X social media, the 
Satoshimeter signaled that Bitcoin is still far from the euphoric peak zones 
observed in previous bull markets. Stockmoney Lizard also claimed that 
Bitcoin’s rally is in its mid-cycle or intermediate phase rather than the 
final leg of the bull cycle. Supporting this analysis, the Satoshimeter 
employs on-chain metrics to map out Bitcoin’s cyclical behavior, identifying 
both long-term bottoms and tops. Historically, this indicator&#8217;s readings 
around 1.6 have typically marked major bear market bottoms, as seen in the 
price chart in the years 2011, 2015, 2019, and 2022. Higher values, on the 
other hand, previously aligned with cycle peaks and often signaled sharp 
corrections. As of now, the Satoshimeter is still well below the upper 
extremes, signaling that the Bitcoin price is not yet in the overheated zone. 
The analyst’s chart illustrates this trend clearly. Each past market top is 
marked by a steep spike in the indicator, aligning with parabolic price action 
and extreme sentiment. In contrast, current indicator readings are elevated 
but stable, sitting in the mid-range, well below levels seen at past cycle 
tops. This suggests that Bitcoin’s broader bullish structure remains intact, 
with potential for further upside on the table. Bitcoin To Reach $200,000 This 
Cycle? Based on the Satoshimeter’s current level, Stockmoney Lizards projects 
an extended run in the Bitcoin price. While the recent jump above $123,000 
reflects growing momentum, the analyst anticipates a stair-step progression 
toward a potential high of $200,000 before a significant market correction 
sets in. Related Reading: Crypto Disaster: Qubetics Token Crashes Nearly 
100%—Possible Rug Pull This projection is based not only on the readings from 
the Satoshimeter indicator but also on the movements seen in prior cycles, 
where BTC typically moved through multiple phases of accumulation, breakout, 
and parabolic growth. As of writing, the flagship cryptocurrency is trading at 
$113,759, reflecting an 8.3% decline from its all-time high. With $200,000 set 
as its next peak target, this implies a potential rally of more than 75% in 
the current cycle. Featured image from Unsplash, chart from TradingView

Satoshimeter Shows Where Bitcoin Price Is In This Cycle

While the crypto market has dipped another 2.02% in the past 24 hours, now 
sitting at $3.66 trillion, former BitMEX CEO Arthur Hayes reportedly cashed 
out $13.35 million worth of crypto. Hayes replied to a post on X about the 
move, making it clear he still believes bitcoin is headed back to $100,000 and 
ethereum […]

Arthur Hayes Unloads Millions in ETH, PEPE, ENA—Says Bitcoin Will ‘Test $100K’

ZachXBT named some sponsors of Token2049 as sketchy. While these coins may 
have hype-fueled pumps to cult-like followings, they may have no real utility.