Galaxy Digital&#8217;s strategic asset reallocation highlights a shift towards Bitcoin dominance, potentially influencing market dynamics and investor sentiment. The post Galaxy Digital adds 4,272 Bitcoin in Q2, reduces ETH, XRP exposure appeared first on Crypto Briefing.

Galaxy Digital adds 4,272 Bitcoin in Q2, reduces ETH, XRP exposure

In a landmark development, the Commodity Futures Trading Commission (CFTC) 
announced on August 4, 2025, that it will permit spot crypto trading on 
exchanges registered under its jurisdiction. The decision, announced in 
coordination with the Securities and Exchange Commission (SEC) as part of the 
broader Project Crypto initiative, was first reported by Reuters. The 
following […]

CFTC Approves Spot Crypto Trading on Registered Exchanges

Dogecoin started a fresh decline from the $0.2120 zone against the US Dollar. 
DOGE is now consolidating and might decline below the $0.1940 support. DOGE 
price started a fresh decline below the $0.2050 level. The price is trading 
below the $0.20 level and the 100-hourly simple moving average. There is a key 
declining channel forming with resistance at $0.20 on the hourly chart of the 
DOGE/USD pair (data source from Kraken). The price could start a fresh upward 
move if it clears the $0.20 and $0.2050 resistance levels. Dogecoin Price Dips 
Again Dogecoin price started a fresh decline from the $0.2120 resistance zone, 
underperforming Bitcoin and Ethereum. DOGE declined below the $0.2050 and 
$0.20 support levels. There was a steady decline below the 50% Fib retracement 
level of the upward move from the $0.1886 swing low to the $0.2112 high. The 
bears even pushed the price below the $0.1980 level. There is also a key 
declining channel forming with resistance at $0.20 on the hourly chart of the 
DOGE/USD pair. Dogecoin price is now trading below the $0.1980 level and the 
100-hourly simple moving average. Immediate resistance on the upside is near 
the $0.20 level. The first major resistance for the bulls could be near the 
$0.2050 level. The next major resistance is near the $0.2120 level. A close 
above the $0.2120 resistance might send the price toward the $0.2250 
resistance. Any more gains might send the price toward the $0.2350 level. The 
next major stop for the bulls might be $0.250. More Losses In DOGE? If DOGE’s 
price fails to climb above the $0.2050 level, it could start a fresh decline. 
Initial support on the downside is near the $0.1940 level or the 76.4% Fib 
retracement level of the upward move from the $0.1886 swing low to the $0.2112 
high. The next major support is near the $0.1880 level. The main support sits 
at $0.1750. If there is a downside break below the $0.1750 support, the price 
could decline further. In the stated case, the price might decline toward the 
$0.1680 level or even $0.1620 in the near term. Technical Indicators Hourly 
MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. 
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 
50 level. Major Support Levels – $0.1940 and $0.1880. Major Resistance Levels 
– $0.2000 and $0.2050.

Dogecoin (DOGE) Slides Again—Trend Reversals Signal Pullback Risk

Bitcoin Indonesia said it recently pitched Bitcoin to the Vice President’s 
office and explored Bitcoin mining as a national reserve strategy.

Indonesia is exploring a national Bitcoin reserve, says local group

Bitcoin is currently undergoing a period of downward movement after briefly 
setting a new all-time high earlier last month. Over the past week, the 
world’s largest cryptocurrency has declined by nearly 4%, trading at $113,993 
at the time of writing. This represents a drop of approximately 7.2% from the 
peak price of above $123,000 reached in July. The decline has sparked renewed 
discussion among analysts about the asset’s current price discovery phase and 
what it could mean for the remainder of 2025. Related Reading: Bitcoin Is 
Secretly Tracking This Market Signal: Weiss Crypto Bitcoin Price Discovery and 
the Potential for Q4 Gains CryptoQuant analyst Oinonen shared his latest 
assessment of Bitcoin’s market performance, noting that while the recent 
pullback appears significant, it primarily reflects technical market 
conditions. In his post on the QuickTake platform, he explained that a 
combination of macroeconomic uncertainty, technical indicators turning 
bearish, and liquidation events has contributed to the decline. However, he 
described the ongoing situation as a “technical correction” within Bitcoin’s 
longer-term bullish structure. Despite the short-term weakness, analysts 
remain focused on Bitcoin’s price discovery process. This phase, according to 
Oinonen, is essential in establishing the asset’s fair market value as supply 
and demand interact in the market. Following the all-time high of $123,400 on 
July 14, Bitcoin appears to be consolidating, potentially setting the stage 
for further upward movement later in the year. “Bitcoin has historically 
performed well in the fourth quarter,” Oinonen noted, suggesting that a return 
to its previous peak and even a potential move toward $200,000 could be on the 
horizon if historical patterns hold. Additionally, the analyst pointed to 
Binance’s high stablecoin reserves as a factor that may influence Bitcoin’s 
trajectory. These reserves represent capital that could flow into Bitcoin and 
other digital assets if market sentiment improves. A positive shift in buying 
activity, combined with Bitcoin’s reflexive market behavior, could support 
further gains, although the extent to which this would benefit altcoins 
remains uncertain. Related Reading: Is Bitcoin Losing Steam? Analysts Warn of 
Fragile Market Support Caution Over Negative Coinbase Premium Signals While 
some market participants anticipate a possible rebound later this year, other 
analysts are urging caution. Another CryptoQuant contributor, known as 
BQYoutube, highlighted a recent change in the Coinbase Premium Index, a metric 
comparing prices on Coinbase versus other exchanges. Since June 30, the 
premium has shifted to negative, indicating weaker buying pressure from US- 
based investors. “Historically, stronger Bitcoin rallies have coincided with a 
positive Coinbase Premium,” BQYouTube wrote, suggesting that traders may want 
to wait for signs of renewed spot demand before expecting a sustainable 
uptrend. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s Technical Correction Sparks $200K Price Speculation for 2025

Changpeng “CZ” Zhao has asked a U.S. bankruptcy court to dismiss FTX’s $1.76 
billion clawback lawsuit, claiming the court lacks jurisdiction over a foreign 
resident involved in offshore transactions. The request was filed on Aug 4 in 
the Delaware bankruptcy…