Vulcan Forged (PYR)

Bitcoin and Ether were firm "buy the dip" targets for ETF investors, with reactions celebrating continued institutional demand despite a BTC and ETH price correction.

While some Ether holders expect new all-time highs within the next few days, a Nansen analyst said it may be weeks or months away.

Bitcoin dominance has fallen to a six-month low while altcoin market cap has jumped 50% since July, setting the stage for a potential September altseason, said Coinbase.

A crypto trader said Bitcoin is at a “key resistance,” similar to the level where it topped in 2021, but other traders argued historical charts can’t be applied to this cycle.

Bitcoin’s drop from $124,000 to $117,500 sparked $227 million in liquidations, with traders showing neutral sentiment despite inflation data and Fed uncertainty.

Bitcoin slid to $117,400 after hotter-than-expected US PPI data dampened Fed rate cut hopes, sparking inflation fears and weighing on crypto and stocks.

ETH traders and bets on Polymarket predict that Ether price will hit $5,000 before the end of August.

Grok scans posts and sentiment shifts on X to help crypto traders identify early signals, memes and macro-driven momentum plays.