Bitcoin, Ethereum, XRP, Dogecoin End Week Quietly as Analyst Predicts 'One Last Leg Lower'

Bitcoin held steady despite a sharp selloff in technology stocks triggered by weaker-than-expected corporate earnings.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $64,088.52
Ethereum (CRYPTO: ETH) $1,861.73
Solana (CRYPTO: SOL) $73.97
XRP (CRYPTO: XRP) $1.08
Dogecoin (CRYPTO: DOGE) $0.06902
Shiba Inu (CRYPTO: SHIB) $0.054166

Notable Statistics:

  • Coinglass data shows 83,203 traders were liquidated in the past 24 hours for $301.33 million.      
  • SoSoValue data shows net outflows of $225.2 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $26.3 million.
  • In the past 24 hours, top gainers include DeXe, Audiera and LayerZero.

Notable Developments:

  • Robinhood, Hyperliquid Could Lead Crypto’s Next Bull Market, Says Matthew Sigel: ‘Wall Street Is Going Onchain’
  • Bitcoin Weathers $800 Billion Tech Selloff As Stocks Sink — What’s Next?
  • BitMEX CEO Calls New Insider Trading Lawsuit ‘Spurious and Opportunistic’
  • Bitcoin’s 9% July Rally May Not Last as 2026 Mirrors 2018: Is a September Drop Coming?
  • MSTR Breaks $100 Support: Crypto Chart Analyst Sees Possible Drop to $30 As Strategy Unveils New Metrics
  • Peter Schiff Will Have to Go Out and Buy a Bitcoin? Anthony Pompliano Challenges Economist on 5-Year BTC vs. Gold Bet
  • Clarity Act Is in ‘Hail Mary Territory’ as Odds Drop to 30%: ‘The Calendar Is Now the Enemy’

Trader Notes:

Trader Crypto Kaleo remains confident that Bitcoin has one final leg lower before the bear market bottom is in, though the decline could come either by mid-to-late August or sooner.

He believes the market is nearing its bottom from a timing perspective and recommend keeping capital ready to accumulate high-conviction assets.

Meanwhile, he does not expecting Bitcoin to reclaim $100,000 or set new all-time highs until 2027.

Trader KillaXBT argues that Bitcoin’s market cycle has accelerated, pointing out that it reached a new all-time high before the last halving and did so just 476 days after the cycle bottom, much faster than in prior cycles.

He expects the same pattern to repeat, with a pre-halving all-time high, faster bottoms and tops, and caution against relying too heavily on historical seasonality, which he believes has already begun to diverge.

Image: Shutterstock

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