Crypto Market Morning Report (29 August 2025)
Asia session wrap • BTC, ETH, SOL and top altcoins — currencyconverter.top
Published: 29 Aug 2025 • Last updated:
🌅 Market Overview
Friday morning opened with cautious optimism across crypto. Bitcoin (BTC) held near $66.5K, Ethereum (ETH) traded around $3.45K, and Solana (SOL) pushed past $170. Altcoins like ADA, DOT, and BNB showed stability, while meme coins (DOGE, SHIB) remained range-bound. Asia equities were steady, while the Dollar Index slipped, adding mild support to risk assets.
📊 Morning Snapshot
| Coin | Price (USD) | 24h % | High/Low |
|---|---|---|---|
| BTC | $66,500 | +0.4% | H $66.9K / L $65.7K |
| ETH | $3,450 | +0.5% | H $3,470 / L $3,410 |
| SOL | $170.2 | +0.6% | H $172 / L $166 |
| XRP | $0.722 | +0.3% | H $0.729 / L $0.714 |
| ADA | $0.540 | +0.4% | H $0.548 / L $0.528 |
| BNB | $620 | +0.3% | H $625 / L $611 |
| MATIC | $0.854 | +0.4% | H $0.864 / L $0.836 |
| DOT | $9.45 | +0.5% | H $9.52 / L $9.22 |
₿ Bitcoin (BTC)
BTC consolidates near $66.5K. Resistance: $66.9K–$67K; breakout opens $67.5K. Support: $65.7K & $65K. On-chain data shows declining exchange balances and strong long-term holder supply. Derivatives stable with rising OI.
Ξ Ethereum (ETH)
ETH trades at $3.45K. Resistance: $3.46K–$3.50K; support: $3.41K & $3.36K. ETH/BTC pair stable, DeFi TVL rising, L2 adoption driving volumes. Network activity constructive.
◎ Solana (SOL)
SOL leads at $170. Resistance: $172; breakout may extend $175. Supports: $166 & $162. Solana’s NFT + DeFi ecosystems support strong bid flows.
🟡 Altcoins Roundup
ADA stable at $0.54, DOT at $9.45, BNB at $620, and MATIC at $0.854. Meme coins DOGE and SHIB quiet. LINK and AVAX saw renewed attention in Asia session.
🧭 Sector View
- DeFi: Lending volumes stable, yield activity healthy.
- Layer-2: Arbitrum & Optimism strong, Base gaining traction.
- NFTs: Gaming NFTs active, blue-chip floors steady.
- Stablecoins: USDT/USDC circulation stable, redemptions calm.
🌍 Macro & Derivatives
Asia equities steady, US futures flat, DXY weaker. Bond yields calm. Derivatives: funding neutral, OI stable, liquidations low. Sentiment: “Greed” zone, showing optimism.
🧩 Strategy Notes
- BTC: Bullish >$66K; breakout $66.9K opens $67.5K.
- ETH: Constructive >$3.41K; target $3.50K.
- SOL: Outperformer >$170; breakout $172 → $175.
- Alts: Play momentum coins, avoid chasing weak rotations.
🔗 Read More on currencyconverter.top
❓ FAQs
Q1. BTC next resistance?
A: $66.9K–$67K; breakout opens $67.5K.
Q2. ETH bullish?
A: Yes, >$3.41K; reclaim $3.46K may target $3.50K.
Q3. SOL leading?
A: Yes, >$170; breakout >$172 extends to $175.
0 Comments