BTC, ETH, and SOL ended July on a strong note — yet August may emerge as the true test for their momentum.
Key Takeaways: Bitcoin lingers below $120,000, yet institutional accumulation and low volatility hint at an imminent major shift in momentum. Ethereum topped large-cap crypto gains in July, fueled by ETF inflows and robust Layer 2 activity — with $4,000 emerging as its next critical threshold to test. Solana holds steady around $200, supported by rising DeFi trading volumes, ETF speculation, and surging on-chain momentum. August brims with market-shaping events, from inflation data to the Jackson Hole symposium — all focus turns to macro trends and momentum sustainability.
According to Abbas Abdul Sater, Head of Sales at Capital.com, this kind of calm could be setting the stage for something bigger:
Part of the optimism stems from improving macro conditions. U.S. GDP growth and a recovering labor market have boosted global risk appetite. Stocks are trending higher, and interest in risk-on assets like crypto is slowly picking up again — a setup that could support Bitcoin in early August.
‘A Move Toward $6,000–$7,200 Is Realistic’ for Ethereum
Ethereum posted a strong rebound in July, adding nearly 50% over the month and closing above $3,500 — a level not seen since early spring. This performance added fresh fuel to what many are calling the start of altcoin season.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice.
Post time: Aug-04-2025