Bitcoin Dips Below $115K Amid Mixed Post-Halving Signals

• Bitcoin falling under key $115K support, sparking debates on potential post-halving rally.
• Ethereum and altcoins seeing varied trends, with institutions driving market intrigue.

On August 1, 2025, Cointelegraph reported that Bitcoin (BTC) fell below $115,000, testing critical support ahead of a historically pivotal post-halving August. Analysts suggest the cryptocurrency still retains potential for an upward rally, a trend consistent with previous halving events. Institutional holdings of BTC, currently exceeding 971,662 BTC, continue to underpin market confidence.

Historically, BTC shows notable August performance during halving years and has the potential to surpass its previous all-time high of $73,750. Key resistance exists at $115,000 and $123,218, while the critical support zone is $110,530 to $112,000. A move below this range could cause declines toward $100,000, which reflects heightened short-term challenges amid broader market uncertainties.

Institutional interest drove significant market activity for Ethereum (ETH). Cointelegraph highlighted a $4.53 billion inflow into US-based spot Ether ETFs in July, an increase from the previous month. However, Ether remains under pressure after closing below the $3,645 support level. A recovery from its 20-day simple moving average (SMA) at $3,590 could lead to upward targets of $3,745 and $4,094. Conversely, a break below the SMA risks a decline to $3,222.

Altcoins displayed mixed dynamics near pivotal technical levels. Solana (SOL) dipped below its 20-day SMA of $179 and risks further declines towards its 50-day SMA ($161). A rebound could open upside potential to $205. Meanwhile, XRP also struggled. It slipped below the $0.55 resistance and $0.49 support, which suggests a potential drop to its 50-day SMA of $0.46.

Other altcoins, such as Dogecoin (DOGE) and Cardano (ADA), faced downward trends. DOGE fell below $0.12 and may range between $0.11 and $0.17. Similarly, ADA edged toward its 50-day SMA at $0.41, with possible resistance at $0.46 if it stages a recovery.

As of August 1, 2025, 16:18 UTC, Bitcoin (BTC) trades at $114,605.54, down 3.36% over the past 24 hours. Ethereum (ETH) trades at $3,529.39, a 3.47% drop. Solana (SOL) trades at $169.40, down 5.73%. Hyperliquid (HYPE) trades at $34.91, a sharp 12.10% loss, and SUI trades at $1.02, marking a 2.52% decline.

Binance Coin (BNB) trades at $566.71, down 6.40% in the last 24 hours, while XRP trades at $0.48, down 1.02%. Dogecoin (DOGE) trades at $0.118, a 4.13% drop, and Cardano (ADA) trades at $0.426, a 2.73% loss. Stellar (XLM) trades at $0.108, reflecting a 4.34% drop. Trading volume fluctuations across these markets reflect heightened volatility and underscore ongoing market uncertainty.