
Bitcoin, ether benefit as traders seek safety of largest tokens
The two largest cryptocurrencies are the only CoinDesk 20 members in positive territory as altcoins fall out of favor.
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The two largest cryptocurrencies are the only CoinDesk 20 members in positive territory as altcoins fall out of favor.

Bitcoin (BTC) has entered a historical accumulation zone. Glassnode data shows 41 of 45 on-chain indicators sitting in the bottom two quintiles of their cycle ranges.

According to Shibburn, just $7 worth of SHIB was burned in the last 24 hours. 1.38 million SHIB were burned in the past day, fewer than that seen the day before last.

Despite months of weak price action across the crypto market, some analysts believe several large-cap altcoins are trading below their long-term value. The analysis highlights Solana (SOL), Chainlink (LINK), and XRP, citing continued development, institutional interest, and growing network activity despite the broader market downturn.

As the Solana (SOL) blockchain recorded increased on-chain activity in weekly transaction count and tokenized equities, Finbold's AI Agent – an advanced financial assistance tool – has made a bold price prediction for August 31, 2026.

Strategy's robust overcollateralization strategy mitigates risks of forced asset sales, ensuring stability despite Bitcoin's volatile price swings. Strategy's Michael Saylor affirms overcollateralization amid Bitcoin price drop concerns.

Bitcoin is about to enter an important liquidity zone where price action and derivatives positioning indicate rising volatility. While downside liquidation pools have mostly been cleared during prior selloffs, the most recent 24-hour liquidation map indicates that liquidity is still highly concentrated above the current market price.

Strategy moved $66M in Bitcoin as a $102.6M short and rising whale activity raise questions about Bitcoin's next move.

Its Aug. 4 filing showed $93.522 billion in June cash, but unchanged endpoints cannot rule out intra-period transactions.

Pools.trade emerges as Uniswap's dedicated platform for token launches on Robinhood Chain.

BitMart sets Aug. 8 deadline for US users to withdraw crypto before a wider Aug. 26 platform shutdown and 2027 wind-down.

Institutional interest in Bitcoin ETFs amid retail fear suggests a potential shift in market dynamics, highlighting growing confidence in crypto assets. Bitcoin ETFs pull in $626M in three days as BlackRock's IBIT dominates inflows.

Bitcoin (BTC) might have become the latest victim of the Jim Cramer effect by August 6, 2026, though cryptocurrency traders might find themselves celebrating this particular manifestation of the trend.

A Coldcard Bitcoin theft attacker holds 1,159 BTC untouched as a separate hacker starts mixing stolen funds through a laundering service.

Bitcoin trades at $64,825 with the $65,000 level as the key trigger. Analysis covers support, resistance, bull/bear scenarios, and what traders are watching next.