Bitcoin (BTC) experienced a rapid rebound on August 7, 2025, successfully regaining the $117,000 level. This recovery followed a brief dip below the lower Bollinger Band, a move some analysts are describing as a classic “head fake” pattern. This surge has bolstered bullish sentiment and fueled discussions about which cryptocurrency is the best investment at present.
With renewed optimism in the market, traders are now closely watching the $119,000 price point as the next significant resistance level. Furthermore, data from BTC heatmap analysis indicates the presence of substantial liquidity between $117,500 and $118,000. This suggests a potential upward grind as traders actively close out their short positions.
24h
7d
30d
1y
All time
Adding to the technical landscape, the daily CME futures gap has been filled, establishing a new support area around $114,000. Concurrently, a divergence is emerging between the current spot price movement and ETF flows. Market analysts using Bollinger Bands have pointed out that this setup could potentially be a trap for bears who are overly aggressive.
According to liquidation heatmap data from CoinGlass, Bitcoin faces increasing resistance within the developing liquidation clusters positioned between $117,500 and $118,000. Conversely, buy orders are accumulating around the $114,000 level, a zone further reinforced by the completion of the CME futures gap.
Historically, this price point has consistently acted as a key convergence zone for spot prices, enhancing its reliability as a potential support foundation.
$BTC liquidation map shows major long cluster at ~116000 (left) and short cluster at ~118000 (right). These act as price magnets, potential volatility drivers. Config: optical_opti.
pic.twitter.com/iJDczuolzG— TheKingfisher (@kingfisher_btc) August 9, 2025
Market analysts predict that a successful push beyond the $119,000 mark could pave the way for Bitcoin to target $120,000, a significant level from both a psychological and technical perspective.
Explore: Top Solana Meme Coins to Buy in August 2025
Ethereum Targeting $4500: Is It the Premier Crypto Investment Today?
Over the past 24 hours, Ethereum (ETH) saw $229.49 million in futures contracts liquidated. CoinGlass data indicates that $22.24 million was liquidated from long positions, while $207.25 million was liquidated from short positions. Ethereum rebounded from a support level near $3,470 last week, subsequently rallying by 15% and reclaiming the $4,000 mark, a level not seen since December 2024.
Currently, ETH is encountering resistance at the $4,100 level, a point characterized by previous selling activity and a descending trendline originating from its all-time high in November 2021.
A breakout above the $4,100 threshold could spark another bullish surge, potentially propelling ETH towards the $4,500 level, a critical resistance zone before revisiting its all-time high of $4,868.
However, maintaining the $3,470 support is crucial to sustain this bullish momentum. A weekly close below this level could trigger a decline towards $3,220, and if that level fails to hold, the psychological support zone at $3,000 could come into play.
Momentum indicators, such as the RSI, are signaling caution as ETH approaches overbought territory. The Stochastic Oscillator has remained overbought since June. While current indicators point to a bullish trend, the possibility of a short-term correction should not be dismissed.
$ETH: Looks really good here, it reached the highest price since December 2021. This is a breakout through a multi-year resistance. Could jump to 5k and then re-test 4k as support.
https://t.co/KdV98aYjvM
pic.twitter.com/1qDPl7YaID— Christian Ott (@ChrisOtt) August 9, 2025
On a positive note, ETH has appreciated by over 180% since hitting its recent low of $1,385 in April, and has rallied by more than 60% in the last month. This recent performance has been fueled by strong buying pressure from corporate entities shifting towards ETH treasury management.
24h
7d
30d
1y
All time
Furthermore, Ethereum received a regulatory tailwind from the SEC (Securities and Exchange Commission) on August 5, 2025, following the agency’s clarification that liquid staking of crypto assets does not violate securities laws.
Explore: 10+ Crypto Tokens That Can Hit 1000x in 2025
Meme Coin Bitcoin Hyper’s Presale Exceeds $7.7 Million
By
Bitcoin Hyper has captured significant attention in the meme coin space, evidenced by a recent $96,000 investment from a whale. Hyper, a new meme coin and a Bitcoin layer 2 project, leverages the Solana Virtual Machine (SVM).
Its objective is to integrate gaming, DeFi, and real-world asset tokenization within the Bitcoin ecosystem by facilitating quicker transactions and lower fees, all while maintaining a high level of security consistent with Bitcoin standards.
The meme coin has already secured over $7.7 million through its presale. While an official launch date remains unannounced, market speculation points towards a potential debut in Q3.
Hyper utilizes a bridging mechanism to lock BTC and release a wrapped token that is compatible across dApps. It also features a 320% APY staking option for early adopters.
With Bitcoin gaining momentum, Hyperis is attracting the interest of sophisticated investors as a potential breakout opportunity in Q4!
VivoPower’s $100 Million Ripple Investment Plan Drives Share Price Up by Over 32%
By
Shares of VivoPower, a solar power company listed on Nasdaq, surged by 32.12% to reach $5.10 on August 8, 2025. This increase was spurred by the company’s announcement to acquire $100 million worth of privately held Ripple Labs stock, aiming to expand its digital treasury strategy focused on XRP.
According to its press release dated August 8, 2025, VivoPower intends to purchase these shares directly from current shareholders following a due diligence process lasting two months, conditional upon approval from Ripple’s executive management.
BREAKING: A $100M bet could put XRP at the center of corporate finance.
And it’s not from a fintech or crypto giant — it’s from a global energy solutions company.
Here’s why VivoPower’s Ripple gamble has the market buzzing 🧵:
1/ VivoPower International just announced plans to… pic.twitter.com/S1MRg0IoGq
— Ripple Van Winkle | Crypto Researcher 🚀🚨 (@RipBullWinkle) August 9, 2025
To facilitate this, VivoPower will collaborate with BitGo for secure asset custody and Pasdaz Private Market, Ripple’s preferred platform for handling private share transactions.
The company stated in its press release that for every 10 million Ripple shares held, VivoPower shareholders might anticipate a value increase of $5.15 per share, contingent on market volatility.
World Liberty Financial Considering A $1.5 Billion Public Vehicle For WLFI Token Holdings
By
World Liberty Financial, backed by President Trump, is reportedly exploring the use of a $1.5 billion publicly traded shell corporation as a treasury instrument to hold its WLFI governance tokens.
According to a report published by Bloomberg on August 9, 2025, the company has approached major crypto and tech investors. The specific structure of the deal is still under development.
This strategy mirrors the approach taken by Michael Saylor’s MicroStrategy, recently rebranded as Strategy, and has spurred a surge in crypto treasury firms.
Big investors are being sounded out on a plan for World Liberty Financial, the Trump family-backed venture, to set up a public company that would hold its WLFI tokens, joining the boom in digital-asset treasury firms
https://t.co/M31uD7CbW0— Bloomberg (@business) August 9, 2025
The venture has successfully raised $550 million through public token sales, supported by notable investors such as Justin Sun and Web3Port. Trump himself has disclosed earnings exceeding $57.4 million from WLFI token sales, holding over 15 million tokens.
Ondo’s Technical Indicators Show Bullish Signs, Price Rises By 2.2%
By
Despite a relatively quiet news environment, Ondo’s 2.2% daily increase indicates growing technical strength and alignment with overall market sentiment.
Institutional interest in real-world asset tokenization continues to support protocols like Ondo Finance within the DeFi landscape.
Ondo is currently trading at $1.04 after briefly hitting $1.05.
The bullish sentiment is primarily fueled by technical factors, as traders respond to Ondo’s position above key moving averages and its approach towards resistance zones.
$ONDO inverse Head & Shoulders almost complete.
Ondo Global Markets is about to change the game. pic.twitter.com/MlgQGbqcUT
— Rendoshi Ondomoto ⭕️🥞 (@Rendoshi1) August 9, 2025
Its immediate support lies at $0.84, with a stronger support at $0.62. On the upside, resistance is concentrated around $1.17, potentially marking a 12.5% gain from the current levels.
The pivot point of $1.03 is just slightly below the current trading price.
Explore: 9+ Best High-Risk, High-Reward Crypto to Buy in August 2025
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+
Monthly readers
Expert contributors
2000+
Crypto Projects Reviewed
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
