Bitcoin retreats slightly, XRP and Avalanche amplify the fall

The week started with a bang for the crypto market. Between spectacular crashes and regulatory uncertainties, investors watch every crumb of information, hoping to anticipate the trajectories of their favorite assets. A sense of suspense hangs over the blockchains: bitcoin holds the helm, but behind, some altcoins are seriously wobbling. Between caution, opportunity and technical signals, it is a pivotal moment playing out on the digital markets.

Bitcoin under pressure, but still captain of the crypto ship

Bitcoin, although trapped between accumulation by small hodlers and massive whale sales, retains its leadership status with 57.8% dominance, despite a slight 1.77% drop. Its price hovers around $110,051, but fundamental indicators, such as the hash rate and mining difficulty, remain stable. Signs that reassure the more patient, accustomed to latency phases between rallies.

Macroeconomics also makes an appearance in the debate. In the United States, investors keep an eye on the Fed, shaken by tensions around Lisa Cook. Andrea Tueni, trading manager at Saxo Banque France, nuances in Bloomberg’s columns that although Fed’s independence raises questions:

Markets are really focused on a likely rate cut in September, more than on the Cook affair.

Bitcoin, far from being toppled, seems simply in tactical pause. Its current inertia could well be a strategic retreat. In the chaos, it remains the compass. And sometimes, a simple retreat hides an accumulation. Not a collapse: a breath.

XRP under tension, Avalanche descending: two altcoins, two moods

XRP drops 1.70%, but all eyes turn to its technical indicators, considered decisive in the short term. The RSI is neutral at 44, signaling the absence of a clear trend, while the Bollinger Bands tighten, hinting at a possible volatility explosion.

Buyer volume remains low, which hinders rebound attempts, and derivative markets are down, increasing caution around XRP.

Analyst Ryan Lee (Bitget Research) puts it clearly:

XRP is like compressed in its technical indicators. With tightening Bollinger Bands and a neutral RSI at 44, but low buying volume, the chart whispers a possible further drop toward $2.60 to $2.00. A clear break above $3.10 with volume, and a rise toward $3.40 could follow. 

Meanwhile, Avalanche takes a harsher hit: –5.89%, to $23.24. But behind this correction, a bubbling ecosystem. DeFi flourishes there, Visa and Toyota experiment, SkyBridge invests, and Grayscale wants to convert its AVAX Trust into a spot ETF, a first for this altcoin.

5 data points to watch closely: 

• 57.8%: current market share of bitcoin;
• –1.77% / –1.70% / –5.89%: respective declines of BTC, XRP, AVAX;
• XRP: tight Bollinger Bands, RSI at 44 ;
• 81%: (unofficial) probability of an XRP ETF according to analysts;
• 81%: (unofficial) probability of an XRP ETF according to analysts.

On the memecoin side, nothing seems to be getting better. Dogecoin, Shiba Inu, and Pepe accumulate declines, illustrating growing weariness for these ultra-speculative assets. The crypto wave refocuses on fundamentals. Dogs bark, but for now, the bitcoin caravan passes.