Bitcoin is trading at $116,614 on August 7, 2025. After surpassing $123,000 the previous month, the asset entered short-term consolidation, with slight profit-taking pressure from traders who captured recent gains.
Technical indicators show moving average crossovers on the daily chart (9×21 day EMAs) and the 'Golden Cross' between the 50×200 day EMAs, signaling buying strength. Historically, in the years following the halving, August tends to bring positive returns (e.g., +30.4% in 2013; +65.3% in 2017; +13.8% in 2021). If it breaks its previous high, Bitcoin could test $125,000 and $130,000 by the end of August 2025.
Ethereum is valued at $3,840 and recorded a 4% increase in the last 24 hours, supported by 1.87 million transactions in a single day — the second highest volume in the history of the network, driven by DeFi and the use of stablecoins like USDC and Tether.
In post-halving cycles, ETH tends to mimic Bitcoin's performance. If it maintains the pace of August, Ethereum could break the resistance of $4,000 early in the month and seek the range between $4,300 and $4,600 by the end of August 2025.
BNB is priced at $778, showing relative stability even amid the overall market volatility. Among exchange tokens, it has only fallen 8.7% from its all-time high, compared to 35–60% declines in other sector assets — a sign of ongoing demand for the Binance Smart Chain and Binance itself.
From this level, a gradual recovery movement to the range of $800 to $850 is estimated by August 31, 2025, provided that trading activity and the flow of new projects on the BNB Chain remain healthy.
The altcoin season (altseason) occurs when capital migrates from Bitcoin to altcoins in a broad movement, resulting in widespread outperformance of BTC by 75% of the top altcoins over 90 days.
Altcoin inflows on Binance reached the highest level in eight months, but the Altcoin Season Index remains at 35, indicating Bitcoin's dominance is intact for now.
On-chain, Bitcoin's market capitalization still surpasses the 20 largest altcoins and medium/small cap assets, suggesting that the altcoin bull run has not yet reached its peak in this cycle.
Data from CryptoQuant shows that ETH and altcoins account for 83% of the total futures volume, while Bitcoin stood at 17%, and decentralized exchanges reached 30% of the spot market — early signs that an altseason may be underway.
Historically, August tends to be negative for altcoins, but in post-halving years (like 2025), there is often a deviation from this pattern, opening up space for more pronounced gains in altcoins already in the final stretch of the month or at the beginning of September.
