Crypto Today: Bitcoin holders accumulate without fear, Ethereum struggles while XRP holds gains steady

• Bitcoin long-time length holders have continued to salvage BTC consistently within the last two months.
• Ethereum hovers spherical $3,100, struggles to manufacture a comeback to resistance at $3,500.
• XRP sustains above $0.61 despite market-huge correction in crypto.
• Curve DAO token CRV makes headlines as whale pulls over 20 million tokens off exchanges in three days.

Bitcoin, Ethereum, XRP updates

• Bitcoin hovers spherical $65,000 on the time of writing. The largest crypto asset by market capitalization notorious colossal swings in its designate in step with US macroeconomic releases. Long-time length holders have collected the asset consistently within the last two months.

Bitcoin: Long/Temporary holder threshold data as considered on Glassnode

• Accumulation by long-time length holders is bullish for the asset.
• Ethereum struggles to manufacture a comeback above resistance at $3,500. The altcoin trades at $3,186 on the time of writing. Solana beat Ethereum in monthly DEX trading volume for the major time last month, per DeFiLlama data. Solana DEX trading volume changed into once $55.876 billion in opposition to Ethereum’s $fifty three.868 billion.
• Other high-performing chains consist of Arbitrum at $24.569 billion, Binance Stunning Chain (BSC) at $17.888 billion, and Negative at $15.554 billion in monthly DEX alternate volume.
• XRP held contemporary positive aspects and sustained above $0.61 as merchants continue to display screen for Ripple bring collectively within the Securities & Alternate Price’s (SEC) lawsuit.

Chart of the day

CRV/USDT everyday chart

Curve DAO (CRV) could well perhaps possibly lengthen positive aspects by in terms of 25% and rally to the upper boundary of the Resplendent Price Gap (FVG), acting as the resistance zone between $0.2982 to $0.3464. CRV could well perhaps possibly bring collectively enhance within the Resplendent Price Gap (FVG) between $0.2425 and $0.2519, as considered within the CRV/USDT everyday chart.

Early on Thursday, August 1, CRV prolonged positive aspects by in terms of 7%. The Transferring Average Convergence Divergence (MACD) indicator supports contemporary positive aspects as the MACD line crosses above the signal line. Inexperienced histogram bars above the neutral line enhance the bullish thesis for the Curve DAO CRV token.

Market updates

• Crypto data tracker Bubblemaps identified that a main meme coin NEIRO allocated in terms of 78% of tokens to insiders spread all the way thru 400 addresses. The meme coin changed into once linked to a colossal option of Eastern influencers, and the total income of insiders exceeded 10,000 cases the initial investment.

• Ethereum Space Alternate Traded Funds (ETFs) notorious a receive outflow of $77.211 million on July 31, the altcoin struggled beneath resistance at $3,500.

Each day netflow of Ethereum ETFs on SoSo Price

• Following Mt.Gox payback on July 5, 16, 24, and 31, repayments were made to over 17,000 collectors unless date.

Industry updates

• Ethereum gas expenses are at an all-time low, inclined to pressure the asset’s adoption.

• Simonscat, an racy cat imprint, has equipped the birth of a meme coin in partnership with Floki. A fragment of the provide is dedicated to FLOKI token holders.
• Bitcoin hash rate hit a brand new all-time high.