Bitcoin reached an unprecedented all-time high of $124,128 on August 14 before retracting 4% to $118,816, driven by hotter-than-expected July inflation data that triggered broad risk-off sentiment. Despite the pullback, analysts highlight regulatory tailwinds from Washington, including President Trump's signing of the GENIUS Act—America's first comprehensive stablecoin framework—and the SEC's "Project Crypto" initiative to modernize securities laws for digital assets.
XRP demonstrated notable stability, holding near $3.11 despite the market downturn after peaking at $3.65 on July 18. Institutional adoption continues, with UN Capital Development Fund and White House engagement underscoring its utility for low-cost cross-border transfers. A 2023 court ruling affirming XRP's non-security status for retail sales further bolsters confidence, with technical patterns suggesting a potential push toward $4 by September.
Litecoin (LTC) rose 15% in early August to $121 before a minor 1.5% correction. Its Scrypt-based mining and transaction efficiency maintain relevance, with RSI neutrality indicating room for upside. Cardano (ADA) surged 29% over two weeks to $0.936, fueled by Ethereum-linked demand and eco-friendly PoS consensus. Analysts eye a rebound toward $1.50 if market conditions stabilize, potentially challenging its $3.09 ATH by year-end.
Technical analyses reveal key levels: BTC faces resistance at $124,500 with support at $117,000 (20-day EMA), while ETH tests $4,094 after $2.9B ETF inflows. Altcoins like SOL ($210 resistance) and DOGE ($0.26 barrier) show accumulation patterns, with Coinbase forecasting a "full-scale altcoin season" by September.