Zinger Key Points
- Global crypto market cap is up 0.8% to $3.85 trillion.
- Mixed trader sentiment: one sees a weak August for Bitcoin, another stresses the importance of BTC holding current support.
- A new wave of value and momentum stocks could be setting up for major moves—and Tim Melvin will name them live this Wednesday. Secure access here.
Cryptocurrency markets are trading higher on Thursday, with XRP clipping a new all-time high beyond the $3.40 mark.
| Cryptocurrency | Ticker | Price |
| Bitcoin | BTC/USD | $119,899.47 |
| Ethereum | ETH/USD | $3,448.23 |
| Solana | SOL/USD | $175.23 |
| XRP | XRP/USD | $3.36 |
| Dogecoin | DOGE/USD | $0.2150 |
| Shiba Inu | SHIB/USD | $0.00001428 |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 18.2% and daily active addresses falling by 4%. Transactions greater than $100,000 are down from 12,730 to 11,451 in a single day. Exchanges netflows are down by 125.9%.
- Coinglass data reports 142,675 traders were liquidated in the past 24 hours for $478.04 million
- The top gainers in the past 24 hours include Flare FLR/USD, Curve DAO Token CRV/USD and Fartcoin FARTCOIN/USD.
Notable Developments:
- $344M And Counting: What Is Ripple Co-Founder Chris Larsen Planning With His XRP Transfers?
- Is El Salvador Faking Its Bitcoin Growth? IMF Footnote Sparks New Doubts
- GameSquare Shares Tumble On $70 Million Public Offering To Fuel Crypto Strategy
- $1.5 Billion In One Day: Why Bitcoin And Ethereum ETFs Are Running Wild
- A Dogecoin Treasury Company? Bit Origin Plans To Raise $500 Million To Do Just That
Trader Notes: Crypto trader Jelle pointed out that Bitcoin has just confirmed a 3-day bullish MACD cross — a technical pattern that has historically preceded strong upward moves.
Based on prior occurrences, Jelle expects Bitcoin to rally toward the $130,000–$150,000 range.
Crypto Chase emphasized the importance of Bitcoin holding its current support zone (dubbed "the box") to preserve local bullish momentum.
He noted he's still holding half of a long position entered at $111,000, after taking profits at $119,700. Chase isn't planning further trades until a clear setup emerges.
Daan Crypto Trades added a macro perspective: while Bitcoin has delivered modest returns in June and July, the months of August and September tend to be choppy and illiquid.
August has historically posted only +1.75% average gains, with frequent sharp drops during this period.
However, these corrections often set the stage for October — Bitcoin's strongest month.
He also noted that late-summer boredom or Bitcoin stagnation can lead to sector-specific rallies (e.g., meme coins, AI tokens) as traders rotate into more volatile plays.
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