Between August 7 and 14, 2026, Bitcoin's price fell by 2.39%. Most of the week, five out of seven trading sessions, closed in negative territory. However, volatility remains low. The daily price change of $BTC did not exceed 1.5% on any day.
Source: tradingview.com
On August 12, U.S. authorities released inflation statistics for July. The Consumer Price Index (CPI) was 3.4%, matching the consensus forecast. Compared to June, it decreased by 0.1%. Core inflation, which excludes volatile items like food and energy, stood at 2.5%. This indicator also matched the consensus forecast and decreased by 0.1% relative to June. Despite generally positive data, price growth remains above the Federal Reserve's target (2%).
Therefore, the likelihood of a key interest rate cut at the regulator's upcoming meeting in September is extremely low. On the Polymarket portal, the most popular scenario, rated at 67%, is keeping the rate unchanged. Another 33% believe in a 25 basis point increase. This trend is unfavorable for Bitcoin, as loans will not become cheaper, meaning investor risk appetite is unlikely to increase.
Source: polymarket.com
Spot Bitcoin ETFs recorded a weekly outflow of $332.08 million. The largest amount, $146.4 million, was withdrawn by investors from Fidelity's fund, the Fidelity Wise Origin Bitcoin Fund (FBTC).
Source: sosovalue.com
Bitcoin is not rising also because major players prefer to sell the asset in mid-year. The company with the largest $BTC reserve, Strategy (formerly MicroStrategy), has been offloading cryptocurrency for four consecutive weeks. The latest transaction resulted in the sale of 1,637 $BTC (approximately $103 million).
Formerly a mining company, now reoriented towards artificial intelligence, HUT 8 sold 493 $BTC (over $31 million). Another player in the same market segment, Riot Platforms, according to its second-quarter financial report, sold 4,300 coins (over $271 million).
These sell-offs have explainable reasons. Strategy needs to meet its debt obligations to investors, and American miners are facing unfavorable market conditions for $BTC mining.
From a technical analysis perspective, Bitcoin remains in a sideways trend. The absence of a clear trend is confirmed by the low value of the ADX indicator – 12.37. Moreover, the price fluctuates above and below the 50-day moving average (marked in blue), which is characteristic of consolidation zones. The nearest support and resistance levels on the daily chart remain unchanged from last week: $61,650 and $67,253.
Source: tradingview.com
The Fear and Greed Index value remained unchanged from last week at 29. This level indicates that fear continues to dominate crypto investor sentiment.
Ethereum
Ether's price decreased by 1.71% from August 7 to 14. $ETH continues to hover around $1,900. Similar to Bitcoin, Ethereum's volatility remains low. Last week, the daily change in the cost of $ETH did not exceed 2% at the end of any trading session.
Source: tradingview.com
Despite the drop in $ETH's price, user engagement in the Ethereum network is slowly recovering. According to the analytical platform Santiment, on one day last week, the number of active addresses reached 989,500. This is the best daily indicator since March. Growth in user activity indicates sustained interest in the Ethereum ecosystem.
Spot Ethereum ETFs, after five consecutive weeks of inflows, recorded an outflow of $2.26 million. The largest amount, $16.39 million, was withdrawn by investors from BlackRock's fund, the iShares Ethereum Trust (ETHA).
Source: sosovalue.com
It's also worth noting that Ethereum remains an inflationary cryptocurrency. Its issuance exceeds the amount of $ETH burned. Although the inflation rate is small—only 0.856%—the supply is constantly increasing, putting some pressure on the price.
Source: ultrasound.money
From a technical analysis perspective, Ethereum has been in a sideways range between the $1,800 support and $1,980 resistance levels since mid-July. Indicators point to a slight advantage for buyers (bulls) over sellers (bears). The price is above the 50-day moving average (marked in blue), and the RSI value is slightly above 50.
Source: tradingview.com
Ripple
As a result of the hack of the Coreum cross-chain bridge on August 9, 200,000 $XRP were stolen. The attackers' operation lasted 97 minutes. The criminals exploited a vulnerability in the bridge related to deposit verification. The XRPL blockchain itself was not compromised.
Spot ETFs on $XRP have recorded capital inflows for the fifth consecutive week. This time, the inflow amounted to $2.25 million. All of this sum went to the fund by Bitwise, the Bitwise $XRP ETF ($XRP).
Source: sosovalue.com
The negativity from the Coreum bridge hack slightly outweighed the positivity associated with spot $XRP ETFs. By the end of the week, the price of the Ripple cryptocurrency had fallen by 1.7%. Moreover, at one point it dropped below $1, a level not seen for twenty months.
Source: tradingview.com
Cardano
On August 7, Grayscale withdrew its application to the Securities and Exchange Commission (SEC) for a Cardano Trust ETF — an exchange-traded fund for $ADA. Interestingly, this event occurred two days before the six-month anniversary of Cardano futures trading on the Chicago Mercantile Exchange (CME). Six months of derivatives trading for a cryptocurrency is one of the criteria for ETF approval, though not a guarantee. In addition to withdrawing the ETF application, Grayscale gave up its plans for similar products tied to the price of Hedera and Polkadot.
The news had a negative impact on $ADA. For the week of August 7-14, the coin's price fell by 9.53%. All seven trading sessions ended in negative territory.
Source: tradingview.com
Monero
From August 7 to 14, there was a significant surge in activity in the derivatives market related to the private cryptocurrency Monero ($XLM). Over the week, the open interest indicator rose from $139.27 million to $178.7 million, adding over 28% and reaching its highest level since January.
Source: coinglass.com
Against this backdrop, $XLM showed positive dynamics. The gain over seven days was 5.32%. On the August 9 trading session, Monero even surpassed the $400 mark for the first time in two months, but later corrected slightly.
Source: tradingview.com
Conclusion
The second week of August concluded with declines for most cryptocurrencies. The main catalyst for the negative dynamics of digital assets is inflation in the United States. Although the dollar has stopped depreciating, prices remain above the Fed's target levels.
This material and the information herein do not constitute individual or any other form of recommendation. The opinion of the editorial board may not coincide with the opinions of analytical portals and experts.
