The Bitcoin mining difficulty is crucial to both miner profitability and ensuring that BTC is not mined faster than the protocol allows.

Bitcoin mining difficulty hits ATH, but is projected to drop in August

Ethereum is undergoing a notable correction after an explosive rally that saw 
its price surge over 85% since late June. After reaching a local high near 
$3,940, ETH has pulled back approximately 13%, sparking debate among analysts 
about whether this is a healthy consolidation or a shift in market momentum. 
While some view the retracement as a natural pause after a rapid uptrend, 
others caution that selling pressure and macroeconomic uncertainty could 
trigger deeper downside moves. Related Reading: Exchanges Receive 21,400 
Bitcoin At A Loss From Short-Term Holders – Retail Capitulation? However, on- 
chain data from CryptoQuant paints a different picture beneath the surface. 
Despite the recent price drop, a massive amount of Ethereum has been 
consistently withdrawn from exchanges over the past few weeks. This trend 
suggests aggressive accumulation by investors moving their holdings into cold 
storage, reducing the liquid supply on trading platforms. Such outflows are 
often interpreted as a bullish signal, indicating that holders are positioning 
for long-term gains rather than preparing to sell. As Ethereum continues to 
lead in areas like DeFi, stablecoins, and Real-World Asset (RWA) tokenization, 
this structural demand could provide a strong foundation for price stability 
and future rallies. Ethereum Bullish Accumulation Trend Continues Analyst Ali 
Martinez has revealed that over 1 million Ethereum (ETH) have been withdrawn 
from exchanges in the past two weeks, signaling a strong accumulation trend 
among investors. This massive outflow reduces the liquid supply of ETH 
available for trading, which historically correlates with long-term bullish 
price action. Despite Ethereum facing a 13% correction from its recent high of 
$3,940, the consistent withdrawal of coins suggests that investors are 
positioning for the next leg up. This accumulation trend mirrors the investor 
behavior seen in Bitcoin over the past year. BTC experienced a similar pattern 
of exchange outflows throughout 2024, which laid the groundwork for its 
massive bull cycle. Analysts now believe that Ethereum could follow a 
comparable trajectory, as the fundamentals supporting ETH remain robust, 
including its dominance in DeFi, stablecoins, and Real-World Asset (RWA) 
tokenization. While the market sentiment remains broadly bullish, some risks 
persist. Recent US job data released on Friday sparked short-term panic, 
injecting volatility across crypto and traditional markets. However, many 
analysts view Ethereum&#8217;s current correction as a healthy retracement and an 
opportunity to accumulate ETH at a discount before the market resumes its 
upward trend. Related Reading: Ethereum New Addresses Surge To Nearly 257K In 
A Day, Matching 2017 And 2021 Bull Markets ETH Testing Key Support After Sharp 
Correction Ethereum (ETH) is currently trading around $3,391 after a sharp 
correction from its recent high of $3,940. The 12-hour chart reveals that ETH 
has broken below its short-term support and is now testing the 50-day SMA at 
$3,462, which could act as a near-term support level. If bulls fail to defend 
this zone, the next critical support is located around $2,852, a key level 
that previously acted as strong resistance in late June. Volume spikes during 
the breakdown suggest increased selling pressure, which aligns with recent 
profit-taking activities by short-term holders. However, despite this drop, 
Ethereum’s price structure remains in an overall uptrend, with higher highs 
and higher lows intact on the broader timeframe. Related Reading: Bitcoin 
Advanced Sentiment Index Reaches Bearish Levels: Futures Traders Show Caution 
The correction appears to be a retest of previous breakout levels, as ETH had 
surged over 85% since late June. Maintaining the $3,350-$3,450 range is 
crucial for bulls to regain control and attempt another move toward the $3,860 
resistance zone. Failure to hold could trigger a deeper correction towards the 
100-day SMA at $2,972. Featured image from Dall-E, chart from TradingView

Over 1-M Ethereum Withdrawn From Exchanges In 2 Weeks: Supply Shock Incoming?

U.S. markets are charging into an onchain era as Project Crypto kicks off a 
sweeping transformation poised to redefine global finance, regulation, and 
capital market leadership. Regulators Set Stage for Onchain Markets With 
Project Crypto’s Vision to Rewire Finance Moving markets onchain is emerging 
as one of the most consequential shifts in modern financial infrastructure, 
[…]

US Moves Toward Onchain Future With Project Crypto Leading Market Overhaul

Bitcoin and Ether could fall back toward the $100,000 and $3,000 level amid 
concerns of more tariffs, a sluggish credit market and slowed job creation, 
Arthur Hayes argues.

Bearish Arthur Hayes says Bitcoin could retrace to $100K on macro headwinds

U.S. regulators are igniting a crypto revolution as the CFTC kicks off a 
sweeping sprint to power the nation into digital asset dominance. CFTC and SEC 
Align—Is This the Dawn of US Crypto Supremacy? Commodity Futures Trading 
Commission (CFTC) Acting Chairman Caroline D. Pham disclosed on Aug. 1 that 
the agency will begin a “crypto […]

Crypto Markets Face Rapid Transformation With CFTC’s Aggressive Crypto Sprint

The Federal Reserve’s power is collapsing as crypto reforms take hold and 
dollar instability rises, according to Robert Kiyosaki, who backs bitcoin, 
gold, and silver for protection. Robert Kiyosaki Warns Powell’s Time Is 
Up—Prepare for a Post-Fed Economy Robert Kiyosaki, author of the best-selling 
book Rich Dad Poor Dad, has weighed in on recent political […]