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Crypto

Dogecoin forms first death cross in August; key price levels to watch

Dogecoin has extended a weak run after logging its first short-term death cross of August, with its 50-day moving average falling below the 200-day on an hourly chart. The token has been sliding since Aug. 3 and is down 1.78 percent over 24 hours to $0.068, and 2.03 percent on the week. Market focus is on $0.068 support and $0.073 to $0.08 resistance, while on-chain activity and spot ETF flows show some easing signals.

Crypto

BlackRock IBIT sees $122 million outflow, ending three-week run of net inflows for U.S. bitcoin ETFs

Money flowed out of BlackRock\'s spot bitcoin ETF IBIT, with $122 million withdrawn, ending a three-week streak of net inflows in the U.S. spot crypto ETF market. Total net outflows from U.S. spot crypto ETFs reached $265.37 million, with IBIT accounting for about half. Outflows also hit Fidelity\'s FBTC and Ark 21Shares\' ARKB. On-chain data showed 1,948.07 BTC moved to Coinbase Prime, roughly matching IBIT’s outflow.

Crypto

Cardano nears long-term downtrend wedge; focus on $0.20, $0.25 and $0.60 scenarios

Cardano is approaching the upper boundary of a long-term descending wedge, putting focus on whether it can reclaim $0.20 as a key turning point. Crypto Banter’s Sheldon said a confirmed breakout could lift ADA to $0.50 to $0.60. Another analysis cited an inverse head-and-shoulders pattern on the daily chart, with a $0.25 target if $0.155 holds. A daily close below $0.155 could invalidate that pattern.