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Bitcoin may not have bottomed yet amid weak demand and heavy selling pressure.

Market News
03 Aug 2026
AMBCrypto
View Source
Bearish
Bitcoin may not have bottomed yet amid weak demand and heavy selling pressure.

Bitcoin's price shows signs it hasn't reached a definitive bottom, with weak demand, extreme fear, and significant loss selling by short-term holders continuing into August. U.S. investor interest is fading, as seen in the declining Coinbase Premium Index despite easing macroeconomic pressures. Strategy's recent Bitcoin purchase signals confidence but also carries risk, as buying before a confirmed bottom could deepen unrealized losses and pressure its stock price. Analysts expect the bottoming process to last another 1-3 months, suggesting more volatility ahead.

More News

Ethereum supply on exchanges hits multi-year low as institutional buying and technical support boost price outlook.

Ethereum supply on exchanges hits multi-year low as institutional buying and technical support boost price outlook.

Ethereum's supply on centralized exchanges has dropped to 14.88 million ETH, the lowest in years, reflecting strong institutional demand highlighted by Bitmine's recent $69.44 million ETH purchase. U.S. spot Ethereum ETFs have seen net inflows since ...

Technical Signals
Bullish
4 hours ago
Iran approves Bitcoin and USDT for international trade amid US sanctions crackdown

Iran approves Bitcoin and USDT for international trade amid US sanctions crackdown

Iran's central bank has officially authorized the use of Bitcoin and Tether's USDT stablecoin for international business transactions, aiming to bypass US sanctions. In 2025, about $10 billion in digital currency flowed through Iranian networks, with...

Market News
Bearish
4 hours ago
XRP rises 3.8% to $1.43 with bullish patterns hinting at potential surge to $2.10

XRP rises 3.8% to $1.43 with bullish patterns hinting at potential surge to $2.10

XRP's price climbed 3.8% to $1.43, showing strong weekly gains amid positive technical signals like a descending triangle and bull flag patterns. Analysts highlight key resistance levels at $1.40 and $1.50, with potential breakouts possibly driving p...

Technical Signals
Bullish
4 hours ago
Solana posts first positive monthly candle in nearly a year, signaling potential bullish reversal above $150.

Solana posts first positive monthly candle in nearly a year, signaling potential bullish reversal above $150.

Solana (SOL) closed its first positive monthly candle in almost a year, with technical indicators like RSI and MACD showing bullish signals. A large investor accumulated over 285,000 SOL tokens worth nearly $29 million during the recent rebound from ...

Technical Signals
Bullish
4 hours ago
Polkadot community votes on dotUSD, a new decentralized stablecoin backed by DOT and USDT liquidity.

Polkadot community votes on dotUSD, a new decentralized stablecoin backed by DOT and USDT liquidity.

Polkadot's governance is voting on a proposal to launch dotUSD, a native decentralized stablecoin initially backed by USDT and later by DOT collateral. The plan includes creating a $5 million liquidity pool combining DOT and USDT, with a phased rollo...

Protocol Fundamentals
Bullish
4 hours ago
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