Crypto Price Analysis 8-14: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL

The crypto market is back in bullish territory, buoyed by Bitcoin (BTC) surging to a new all-time high. The flagship cryptocurrency smashed its previous all-time high of $123,091, surging past $124,000 to reach $124,457. However, it lost momentum following its new record, dropping to $121,411 before moving to its current level. BTC is up over 1% in the past 24 hours, trading around $121,670. Meanwhile, the crypto market cap is up 0.89% at $4.14 trillion. 

Ethereum (ETH) continued its upward trajectory as it reclaimed the $4,700 mark after a brief wobble. The world’s second-largest cryptocurrency is up 1.13%, trading around $4,728. Solana (SOL) continued rising after crossing $200, reaching $209 before losing momentum and moving to its current level.  Cardano (ADA) has registered substantial bullish sentiment over the past 24 hours, up nearly 11%. Meanwhile, Ripple (XRP), Dogecoin (DOGE), Chainlink (LINK), Stellar (XLM), Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) traded in the red, registering substantial declines. 

New Google Play Rules Won’t Affect Non-Custodial Wallets 

New Google Play rules will require crypto wallet providers in 15 jurisdictions, including the US and the EU, to be licensed and comply with “industry standards.” However, the rules do not affect non-custodial wallets. According to Google Play’s policy notice, the new changes come into effect on October 29. US-based developers will need to register with local regulators as a money services business or money transmitter, while EU-based developers must register as a crypto asset service provider. US-based companies registered with the Financial Crimes Enforcement Network (FinCEN) as money services businesses must also meet specific requirements and implement an anti-money laundering program. 

Google addressed concerns regarding the impact of the new policies after uproar from the crypto community, stating, 

“Non-custodial wallets are not in scope of Google Play’s Cryptocurrency Exchanges and Software Wallets Policy. We are updating the Help Center to make this clear.”

Google Play has a rocky relationship with the crypto industry. It banned crypto mining apps in 2018 and removed the Bitcoin Blast video game in 2020. It also took down several crypto news apps in the same year without giving any explanation. In 2021, the Play Store banned eight “deceptive” crypto apps that allegedly tricked users into paying for an illegitimate cloud service. 

Justin Sun Takes Bloomberg To Court 

Tron founder Justin Sun has filed a lawsuit against Bloomberg to prevent it from publishing what he calls highly sensitive details about his cryptocurrency holdings. Sun filed the lawsuit in the US District Court for the District of Delaware, stating that the disclosure would compromise his privacy and put him and his family at risk. Sun alleged that Bloomberg approached him earlier this year to be included in its online billionaires index. He added that before agreeing, Bloomberg assured him that any asset information would be kept confidential, and that this applied to his cryptocurrency holdings as well. 

Sun claimed he agreed only after his assurance and provided detailed wallet and asset data to Bloomberg’s wealth verification team, believing any reference to his crypto holdings in his profile would be limited to a lump sum valuation and not be broken down by token type. Sun argues a detailed breakdown goes beyond what Bloomberg published for other crypto billionaires, adding that such details are not shared unless already public. According to Sun, a detailed disclosure of his holdings would enable blockchain trackers to identify and link his wallets, making him a prime target for hackers and potentially exposing him to physical attacks. 

North Korean Hacker Operations Exposed Thanks To Compromised Device 

A compromised device belonging to a North Korean IT worker has exposed the inner workings of a team behind the $680,000 Favrr hack. On-chain investigator ZachXBT revealed that an unnamed individual gained access to a North Korean IT worker’s computer, revealing screenshots, Google Drive exports, and Chrome profiles. The information on the device revealed how the hackers planned and carried out their attacks. ZachXBT also revealed that the hacker and his team were behind the June 2025 exploit of Favrr. 

The compromised device showed that the team, consisting of six individuals, had 31 fake identities. The hackers collected government-issued ID and phone numbers to land blockchain development jobs. They also bought LinkedIn and UpWork accounts. ZachXBT also revealed an interview script that showed the hackers boasting about working with well-known blockchain firms like Polygon Labs, OpenSea, and Chainlink. The hackers also used Google tools to organize workflows. They also used spreadsheets to track budgets and schedules, and Google Translate to switch between English and Korean. 

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) surged to a new all-time high early on Thursday as expectations for an easier monetary policy from the Federal Reserve added to tailwinds from recently announced financial reforms. The flagship cryptocurrency crossed $120,000 on Tuesday and moved to $120,113. Bullish sentiment intensified on Wednesday as the price rallied, rising nearly 3% to settle at $123,365. BTC raced past $124,000 during the ongoing session, reaching a new all-time high of $124,533 before losing momentum and dropping to its current level. 

The flagship cryptocurrency briefly flipped Alphabet’s $2.4 trillion market cap to become the world’s fifth-largest global asset, thanks to surging optimism among investors. BTC’s jump to a new all-time high of $124,553 also makes it the first cryptocurrency to cross Google’s $2.45 trillion market cap. Gemini co-founder Tyler Winklevoss stated in a post on X, 

“Bitcoin all-time high and it’s only Wednesday.” 

The post triggered a host of optimistic responses from fellow traders, including investor Kyle Chassé, who predicted this would be the “best week for Bitcoin.” BTC’s latest milestone has investors optimistic about its price discovery phase, which could see the flagship cryptocurrency reach Apple’s market capitalization next. BTC will need to cross $175,000 to flip Apple’s $3.4 million market capitalization. One analyst believes such a scenario may be possible by the end of August. However, even the $175,000 prediction remains modest compared to predictions made by BitMEX founder Arthur Hayes. Hayes believes BTC could surge to $250,000 by the end of 2025 if the Federal Reserve pivots to quantitative easing and injects more liquidity into the financial system. 

Analysts believe institutional capital is the main driver behind BTC’s rally. Institutions have pivoted towards BTC thanks to favorable macro tailwinds and growing regulatory clarity. New US policies, including the GENIUS Act and 401(k) crypto allocations, have led to capital flowing into BTC, sustaining its upward momentum. 

“It is not just a wave of speculative enthusiasm; it is the groundwork for crypto’s integration into mainstream portfolios.”

BTC registered a sharp decline on Friday (August 1), dropping over 2% and settling at $113,365. Sellers retained control on Saturday as the price fell 0.67% and settled at $112,601. Despite the overwhelming selling pressure, BTC recovered on Sunday, rising 1.52% to cross $114,000 and settle at $114,215. The price continued pushing higher on Monday, registering a 0.69% increase and settling at $115,051. BTC plunged to an intraday low of $112,707 on Tuesday as selling pressure returned. It rebounded from this level to reclaim $114,000 and settled at $114,051, ultimately dropping 0.83%. The price recovered on Wednesday, rising 0.80% to reclaim $115,000 and settle at $115,028.

Source: TradingView

Bullish sentiment intensified on Thursday as BTC rallied, rising over 2% to cross $117,000 and settle at $117,515. Despite the positive sentiment, the price was back in the red on Friday, falling nearly 1% to $116,683. BTC registered a marginal decline on Saturday but recovered on Sunday, rising 2.42% to reclaim $119,000 and settle at $119,309. The price surged to an intraday high of $122,319 on Monday. However, it lost momentum after reaching this level and settled at $118,701, ultimately dropping 0.51%. Market sentiment turned positive on Tuesday as the price recovered, rising 1.19% to cross $120,000 and settle at $120,113. Bullish sentiment intensified on Wednesday as BTC rallied, rising nearly 3% to settle at $123,365. The price surged to a new all-time high during the ongoing session, reaching $124,533. However, it lost momentum after reaching this level and is down over 4%, trading around $117,951. 

Ethereum (ETH) Price Analysis 

Ethereum (ETH) has stalled during the ongoing session, down over 4% after failing to cross $4,800 despite positive momentum. The world’s second-largest cryptocurrency rallied on Tuesday, rising nearly 9% to cross $4,500 and settle at $4,589. Buyers retained control on Wednesday as ETH crossed $4,700. However, bulls lost momentum, falling to an intraday low of $4,455 before moving to their current level. Despite the decline, ETH is up 20% over the past week, dwarfing BTC’s recent uptrend. 

Ethereum ETFs registered over $700 million in inflows, significantly higher than the $84 million recorded by spot Bitcoin ETFs. Ethereum products have registered $2.2 billion in inflows over three days, seven times higher than the $330 million added by Bitcoin ETFs in the same period. ETH surged to an intraday high of $4,794 during the current session, less than 4% from its all-time high. 

“Spot eth ETFs post 3rd best inflow day ever… Over $700mil. 3 of the top 6 inflow days since launch have come *this week*. $3bil new $$$ over past 7 trading sessions. On another heater.”

Ethereum treasury firms have also stepped up their purchases, with BitMine Immersion, the world’s largest corporate ETH holder, announcing plans to raise its fundraising target by $20 billion to fund further ETH acquisitions. However, Ethereum co-founder Vitalik Buterin warned against ETH treasury companies, stating, 

“If you woke me up three years from now and told me that treasuries led to the downfall of ETH… my guess would be that somehow they turned it into an overleveraged game.”

ETH started the previous weekend in the red, dropping nearly 6% and settling at $3,488. Selling pressure persisted on Saturday as the price fell almost 3%, slipping below $3,400 to $3,393. ETH recovered on Sunday, rising over 3% to reclaim the $3,500 level. Bullish sentiment intensified on Monday as the price rallied, rising over 6% to cross $3,700 and settle at $3,721. ETH was back in the red on Tuesday, dropping nearly 3% to $3,612. It rebounded on Wednesday, rising over 2% and settling at $3,685.

Source: TradingView

Bullish sentiment intensified on Thursday as ETH rallied, rising over 6% to cross $3,900 and settle at $3,911. The price crossed $4,000 on Friday, rising 2.52% and settling at $4,010. ETH continued pushing higher on Saturday, rising over 6% to cross $4,200 and settle at $4,262. Despite the positive sentiment, ETH lost momentum on Sunday, registering a marginal decline. Sellers retained control on Monday as the price dropped 0.59% to $4,226. ETH rallied on Tuesday, surging nearly 8% to cross $4,500 and settle at $4,589. Buyers retained control on Wednesday as the price rose 3.40% to $4,745. Despite the positive sentiment, ETH is back in the red during the ongoing session, with the price down over 3% at $4,599.

Solana (SOL) Price Analysis

Solana (SOL) is down nearly 4% during the ongoing session, losing the $200 mark as market sentiment retreated. SOL posted an impressive rally on Tuesday, rising almost 10% to $191. The price continued pushing higher on Wednesday, crossing $200 and settling at $201. However, volatility and selling pressure caused buyers to lose momentum, with SOL down over 3% during the ongoing session. The altcoin crossed the $200 mark for the first time in almost a month.

SOL’s rally can be attributed to several bullish developments over the past week. Public companies have upped their SOL purchases to access the blockchain’s staking rewards. Firms including Bit Mining, Upexi, and DeFi Development Corp have increased their SOL holdings, with plans to increase their stake substantially over the next few months.

SOL started the previous weekend with a sharp drop, falling nearly 6% on Friday and settling at $162. Selling pressure persisted on Saturday as the price fell 2.57%, slipping below $160 and settling at $158. It recovered on Sunday, rising over 2% to reclaim $160 and settle at $162. Bullish sentiment intensified on Monday as SOL rallied, rising nearly 5% to settle at $169. The price returned to bearish territory on Tuesday, falling 3% to $164. Buyers returned to the market on Wednesday as SOL rose 2.50% and settled at $168.

Source: TradingView

SOL continued pushing higher on Thursday, rising over 4% to cross $170 and settle at $175. The price registered a marginal increase on Friday, rising 0.79% to $176. Price action remained positive over the weekend as SOL rose 1.80% on Saturday and 1.51% on Sunday, crossing $180 and settling at $182. Despite the positive sentiment, the price lost momentum on Monday, dropping over 4% to $174. Bullish sentiment returned on Tuesday as SOL rallied, rising nearly 10% to cross $190 and settle at $191. Buyers retained control on Wednesday as SOL continued pushing higher, rising over 5% to cross $200 and settle at $201. However, the price is back in bearish territory during the ongoing session, down over 3%, with selling pressure and volatility persisting.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice