Bitcoin News Today: Bitcoin projected 12-14% August drop amid bearish trends, altcoins under pressure

Bitcoin’s projected decline in August has triggered widespread concern across the cryptocurrency market, with analysts like Benjamin Cowen forecasting a 12%–14% drop for BTC/USD, citing historical seasonal trends and technical indicators [1]. Cowen’s analysis emphasizes that altcoins remain overvalued relative to Bitcoin, with metrics such as “Total3 minus USDT divided by Bitcoin” suggesting further downside pressure. He notes that even during Bitcoin’s dominance peak of 60% in October 2024, altcoins were 27%–28% above historical lows, reinforcing his bearish outlook [1]. While Ethereum (ETH/USD) is seen as having potentially stabilized against Bitcoin, most altcoins have fallen over 42% versus ETH since April, making Cowen favor ETH as a lower-risk asset in the current market environment [1].

The implications for specific cryptocurrencies are nuanced. Ethereum faces critical support levels between $2,000 and $3,000, with resistance at $4,500, but its ETF inflows of $231 million over 15 days indicate institutional interest despite short-term volatility [2]. Solana (SOL/USD) and XRP (XRP/USD) are under sharper pressure, with Solana dipping below $180 and exhibiting bearish momentum in on-chain metrics [3]. XRP’s “double top” formation on price charts has drawn comparisons to Bitcoin’s seasonal weakness, raising concerns of a potential crash if key resistance levels fail [4]. Analysts warn that August historically ranks as one of the most bearish months for XRP, aligning with broader market risks [4].

Bitcoin’s dominance is expected to rise to 66% by late October if altcoins underperform, potentially reshaping capital allocation within the crypto space [1]. Cowen forecasts the combined dominance of Bitcoin and Ethereum could climb to 85%, with altcoins revisiting cycle lows on his custom metric by October [1]. Meanwhile, Bitcoin ETFs saw a $227 million net inflow on July 24 after three days of outflows, contrasting with sustained pressure on altcoins like Solana and XRP, which have lost over 5% against Bitcoin’s 5% dip [5]. The Fear of Greed Index at 71 (greed) suggests lingering optimism, though near-term risks persist [5].

August’s performance will likely test the market’s resilience. A break below Bitcoin’s $110,530 support could accelerate a broader bearish correction, while a rebound above $123,218 might reignite bullish momentum. For Ethereum and altcoins, the path forward hinges on macroeconomic factors, including interest rate expectations and institutional inflows. Cowen’s forecast underscores the month as a pivotal period for assessing the market’s ability to withstand seasonal headwinds.

Sources:

[1] [Bitcoin Could See Bearish August, Analyst Says—What Does It Mean For Ethereum, XRP, Solana?](https://www.benzinga.com/crypto/cryptocurrency/25/07/46642446/bitcoin-could-see-bearish-august-analyst-says-what-does-it-mean-for-ethereum-xrp-solana?utm_source=coingecko&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site)

[2] [Live Crypto Price Prediction: XRP, Solana and Cardano in August 2025](https://coindoo.com/live-crypto-price-prediction-xrp-solana-and-cardano-in-august-2025/)

[3] [Solana Price Forecast: SOL Dips Below $180 as Bearish Momentum Builds Across Key Metrics](https://www.fxstreet.com/cryptocurrencies/news/solana-price-forecast-sol-dips-below-180-as-bearish-momentum-builds-across-key-metrics-202507250603)

[4] [XRP Price Forms Double Top](https://bitcoinist.com/xrp-price-forms-double-top/)

[5] [Live News: Crypto Market Updates](https://www.mitrade.com/insights/news/live-news/article-3-987796-20250725)