Cryptocurrency
Crypto Price Analysis August-23: ETH, XRP, ADA, BNB, and SOL

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana.
Ethereum (ETH)
There is a lot of hope that Ethereum will recover and enter a rally again, but so far, the price action does not give a clear picture of whether this can happen anytime soon. ETH also closed the week with a modest 2% increase.
To regain buyers’ interest, the cryptocurrency needs to break the $2,800 resistance and confirm it as support. Anything less than that will shift interest from market participants to other altcoins, such as ADA or BNB, which have been performing well lately.
Looking ahead, Ethereum found good support at $2,400 and is trying to move higher, but momentum is simply not there at the time of this post. Perhaps things will improve later this month.
Ripple (XRP)
XRP continues to sit around 60 cents and closes the week with a 6% price increase. The bias leans bullish, but momentum is lacking. The key levels between 54 and 68 cents remain intact and they were not tested this week.
Until XRP breaks away from this flat trend, volatility will not return. This could also be interpreted as a consolidation period before buyers or sellers return in force to push for a clear outcome.
Looking ahead, XRP has to break the key resistance at 68 cents if it hopes to reach higher levels in the future.
Cardano (ADA)
After weeks of pain, ADA finally woke up. In an impressive move, the price increased by 15% this week, making it the best performing coin on our list.
The reason the price went on a rally is because it finally broke the resistance at 37 cents. This has now opened the way for ADA to aim much higher with the next key target found at 46 cents. The old resistance is now acting as a key support.
Looking ahead, ADA is giving clear signals that its downtrend may be over. If the resistance at 46 cents is broken as well, then the price will make a higher high. That will confirm that this correction that started in March has ended.
Binance Coin (BNB)
Binance Coin had another good week. After firmly confirming the support at $500, the price is found in a clear uptrend that allowed it to close with a 11% price increase. This is an impressive performance considering other altcoins are still undecided where to go next.
With this double bottom at $500 behind it, BNB is well placed to make higher highs. The closest target on the chart right now is found at $600. If that is claimed, then this cryptocurrency can aim for the ATH at $700 next.
Looking ahead, Binance Coin is well positioned to rally and continue its current momentum. The indicators, such as the RSI and MACD, are also giving a clear bullish bias.
Solana (SOL)
Solana appears to struggle and is unable to break higher. After it was pushed down by the resistance at $164, the price has been stuck in its current range. For this reason, SOL closes the week with a modest 1% price increase.
This sideways price action is creating anxiety among Solana fans because they are used to volatility and high price swings. It’s atypical for Solana to lag behind other coins considering its spectacular performance earlier in the year.
Looking ahead, buyers have defended the price well at the $134 support, but they were unable to break the current resistance. The target remains $164 and buy volume will need to explode if Solana hopes to break that.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Cryptocurrency
Bitcoin Price Slides to $103K as Major Altcoins Crash (Weekend Watch)

The broader cryptocurrency market continues struggling amid mounting geopolitical and economic pressures.
Bitcoin’s price has lost almost 3% on the day, while major altcoins such as Ethereum, Solana, Cardano, and others chart even more considerable declines.
Bitcoin Price Tumbles toward $103K
Bitcoin is charting a near 3% loss in the past 24 hours in what seems to be a broader crypto market selloff.
As seen in the chart below, the price tumbled from around $106,000 to an intraday low at $102,400 before bouncing and settling at where it current trades at the time of this writing.
As CryptoPotato reported, however, the common theme amongst the majority of cryptocurrency analysts and experts is that Bitcoin’s price trading at around $100,000 is indicative of institutional dominance and not retail FOMO.
This suggests that it has much more staying power because institutions are a lot less likely to sell during temporary and sudden drawdowns like the current one.
At the same time, however, the war between Israel and Iran continues, driving oil prices up and causing turmoil on stock markets as well.
Altcoins Crash Harder than BTC
The heatmap below paints a clear picture: most of the altcoins are trading in the red and are charting consiedrable losses.
Namely, some of the larger-cap cryptocurrencies such as ETH, SOL, ADA, DOGE, HYPE, BCH, LINK, AVAX, and more, are declining for more than 3% during the past 24 hours.
Interestingly enough, Bitcoin’s dominance – the metric, which tracks its share relative to that of the rest of the market is up by more than 1% during the same period.
This shows that BTC is performing a lot better and altcoins are completely unable to capitalize on its drawdown. In fact, this seems to be the other theme of the current cycle.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Cryptocurrency
Semler Scientific Unveils Plan to Accumulate 105,000 BTC by 2027

Nasdaq-listed healthcare technology company, Semler Scientific, has outlined a bold multi-year plan to significantly expand its Bitcoin holdings. The company aims to hold 10,000 BTC by the end of 2025 as an initial milestone. Building on this, it plans to increase its holdings to 42,000 BTC by the end of 2026.
By the close of 2027, Semler intends to reach a total of 105,000 BTC.
Semler Reports 287% Bitcoin Yield to Date
According to the official press release, the company said it will fund these purchases using a mix of equity and debt financing, as well as operational cash flows. Semler, which in May 2024 became the second US public company to adopt Bitcoin as its primary treasury reserve asset, has since emerged as a significant corporate Bitcoin holder.
As of June 3, 2025, the firm reported a 287% yield on its Bitcoin investment and a $177 million unrealized gain.
In a move to strengthen its new approach, Semler has appointed Joe Burnett as Director of Bitcoin Strategy. Burnett, formerly Director of Market Research at Unchained, brings more than seven years of experience in Bitcoin advocacy and research.
In a statement, Eric Semler, chairman of Semler Scientific, said,
“We are excited to have Joe join our Bitcoin strategy team and help drive our three-year-plan to own 105,000 Bitcoins. Joe is an analytical thought leader on Bitcoin and Bitcoin treasury companies. His expertise will be instrumental as we pursue our Bitcoin treasury strategy and aim to deliver long-term value to our stockholders.”
Corporate Bitcoin Holdings Grow
An increasing number of public companies are deepening their involvement with the largest cryptocurrency. For instance, Genius Group, an AI-driven education company, recently increased its corporate Bitcoin reserves from 66 BTC to 100 BTC, after acquiring an additional 34 BTC valued at approximately $3.42 million.
The company resumed its Bitcoin purchases on May 22, following a May 6 US Court of Appeals ruling that lifted previous legal restrictions stemming from a dispute related to its merger with FatBrain AI. CEO Roger Hamilton described reaching 100 BTC as a milestone in their broader plan to accumulate 1,000 BTC.
Earlier this month, New York-based Mercurity Fintech Holding announced it would raise $800 million to build a Bitcoin treasury reserve. The company plans to integrate staking and tokenized finance tools, using secure blockchain custody infrastructure to reshape its treasury operations and boost capital efficiency through yield generation.
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Cryptocurrency
Binance Moves $3B Daily in USDT via Tron, Dominating Global Transfers

Binance has emerged as the undisputed leader in driving USDT liquidity on the Tron network. In fact, the crypto exchange routinely transacts between $2 billion and $3 billion in Tether daily.
This volume accounts for over 65% of all USDT transfers on Tron, far outpacing the combined activity of all other exchanges.
Binance: Key Driver of Tron-Based USDT Activity
According to the latest data shared by CryptoQuant, on average, Binance moves $1 billion more USDT on Tron each day than its competitors. This highlights its role as a central liquidity provider for global traders, institutions, and market makers.
The Tron network has become the preferred blockchain for large-scale stablecoin transactions due to its low fees and fast settlement times. This efficiency makes it especially attractive for high-frequency traders and institutions moving large volumes of USDT, particularly on Binance. As a result, Tron now serves as a critical backbone for USDT flows.
Meanwhile, Binance’s dominance in this space has broader implications for the market. Its stablecoin activity often is indicative of a shifting sentiment, as large USDT transfers point to potential capital rotation into altcoins, derivatives, or Bitcoin. This concentration of liquidity also presents both risk and opportunity, as per the crypto analytic platform.
Whales Power Tron’s USDT Boom
As for Tron, the network recently set a new record for USDT stablecoin transfers, which reached $691 billion in volume. The peak occurred in May, with a slight dip in June. Data also revealed that just 27 whale wallets were responsible for over $411 billion of May’s total, and were executed through only 491 transactions. This highlighted the outsized influence of large investors in driving on-chain liquidity.
Tron network now dominates the circulating supply and usage of USDT, far surpassing Ethereum and other networks. More than 10.5 billion transactions have taken place on Tron to date following a steady growth trajectory since 2018.
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