Large-scale liquidation in the crypto landscape makes people wonder what the best cipher to buy now. The market looks bearish right now as Bitcoin (BTC) has fallen from $117,000 to $113,000 and Ethereum has fallen from $3.7,000 to $3.4K.
According to X’s post by Maelstrom CEO Arthur Hays, macroeconomic factors such as weak credit expansion across the major economies are slowing growth in nominal GDP and could be involved in reducing BTC and ETH to $100K and 3K levels.
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Hayes’ comments reflect broader industry concerns that harsher credit, rising tariffs and tensions from the cooling labor market could derail the upward trajectory of the crypto.
BTC has slid 7.7% since its peak at $123,000 on July 14th, while ETH has fallen 12.5% since violating the $3.9,000 barrier on July 28th. The retreat to $100K represents a pullback of 18.7% from the recent highs in BTC.
Meanwhile, many industry analysts point out that BTC is past double digit pullbacks of all kinds. Bloomberg ETF analyst Eric Balknass notes that since BlackRock’s spot BTC ETF filing, the crypto king has faced a lesser degree of volatility.
Bitcoin cycles, as we know, are dead.
This phase cannot be compared to a phase that has come before.
It’s not on scale.
It’s not a structure.
It’s not something that’s in danger.What we’re looking at now is not a response to supply, but the way Bitcoin is absorbed into the system.
That flows…
-IE Nagar (@Elinagarbrr) August 2, 2025
Meanwhile, the Fear and Greed index fell from 65 on Thursday to 53, and is now in the neutral zone. However, analysts argue that the decline in BTC is nothing more than a bullish reset.
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XRP trading volume increases rapidly amid large-scale sales
XRP witnessed a massive shortcoming yesterday, falling nearly 9% from $3.02 to $2.75 before the Bulls managed to get back to $2.83. The decline comes amidst a surge institutional sales, resulting in trading volumes rising more than twice the norm.
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The market raged on XRP with a 24-hour volatile window that closes on August 3rd. On August 2nd, traders exchanged a massive 222.24 million XRP tokens.
Incredibly, this all happened on August 2, 2025 in a four-hour window.
XRP finally found a footing for $2.75, but whenever it exceeded $2.84, it met consistent resistance.
$ xrp It’s bounced back! 🚀 pic.twitter.com/tuzeu47co3
– cryptogoos (@crypto_goos) August 3, 2025
Now, all eyes are stuck with whether XRP can hold the ground at the $2.75 level. Conversely, it must break above the $2.84 level to indicate that the bearish trend is over.
The 24-hour range shows XRP has dropped by more than 8.91% on a price swing of $0.27. There may be a quiet buildup that forms under the $2.80 mark, but without putting any pressure on it, it’s all smoke.
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Sharplink has added $54 million to its ETH and currently holds $165 million worth of ETH
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Game company Sharplink has once again splashed out on ETH, adding another 15,882 ETH (a Kitty worth about $53.9 million).
According to data from Arkhan Intelligence, the acquisition took place in several transactions, with the largest transaction including 6,914 ETH, worth $2356 million.
This has resulted in Sharplink’s total ETH holdings skyrocketing to 480,031 ETH, worth around $1.65 billion based on current market prices.
Sharplink has built a larger ETH position than most L1’s finances
480,000+ ETH
Exposure is $1.65 billion
If ETH is the new basic layer of global finance
They’re quick and serious pic.twitter.com/joou7ibm3w
– Christian Schumacher (@chris_schumach_) August 3, 2025
Additionally, over the past 48 hours, the company has spent $108.57 million to acquire 30,755 ETH with an average price of $3,530.
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XRP price forecast this week
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Analysts suggest that XRP’s four-hour price charts show signs of bullish divergence, which could lead to a 20% short-term price surge by the end of August.
According to their calculations, XRP price actions create a series of low lows, as opposed to the higher lows made by the relative strength index (RSI). This difference between prices and RSI often reflects a weaker momentum.
🔔🕒3 Hour XRP Update: Price has been changed by +0.01%.
Support Level: $2.85237
Resistance Level: $2.89468
Current price: $2.87066
Time: 2025-08-03 12:00:07#ripple #xrp #xrppricealerts pic.twitter.com/g8orx5gdwt– 🤖 – #xrppricealerts (@xrppricealerts) August 3, 2025
A classic falling wedge on the 4-hour chart shows XRP looking for a breakout. The XRP/USD pair bounces off the lower edge of the wedge around the 200-4H EMA (The Blue Wave), indicating that the buyer is intervening.
Violating XRP’s top price trendlines will launch a rally of up to 20%, potentially targeting the range of $3.60-$3.65, and close to $3.07 for the exchange level of 0.236 Fibonacci.
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Crypto Weekly Recap: Who won, who lost?
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As another week approaches the end, the civic landscape resembles a mix of victory and loss.
According to CoinmarketCap data, BTC remains dominant at $114,181 despite conservative fluctuations. ETH follows the lawsuit and trades for $3,509, while XRP rounds up the Big Three and trades for $2.88 after a big sell-off.
The overall crypto market capitalization is currently at $3.69 trillion.
I zoomed in on my list of top 100 digital assets and some altcoins worked well. The top three Altcoin winners this week are four (form) who lead the pack with a 12.96% rise, followed by Toncoin (Ton), Story (IP) at 10.00%.
Conversely, some altcoins didn’t do that well. Fartcoin (Fartcoin) scored its biggest hit at 30.55%, while Bonk (Bonk) and Virtuals Protocols (Virtual) fell by 23.03% at 28.08%.
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