{"id":41679,"date":"2026-08-07T06:50:56","date_gmt":"2026-08-07T06:50:56","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=41679"},"modified":"2026-08-07T06:50:59","modified_gmt":"2026-08-07T06:50:59","slug":"weekly-crypto-report-7th-august-2026","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/weekly-crypto-report-7th-august-2026","title":{"rendered":"Weekly Crypto Report &#8211; 7th August 2026"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/weekly-crypto-report-7th-august-2026\/#Crypto_Assets\" >Crypto Assets<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/weekly-crypto-report-7th-august-2026\/#BTC\" >BTC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/in\/blog\/weekly-crypto-report-7th-august-2026\/#ETH\" >ETH<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/in\/blog\/weekly-crypto-report-7th-august-2026\/#SOL\" >SOL&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/zebpay.com\/in\/blog\/weekly-crypto-report-7th-august-2026\/#Market_News\" >Market News<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/zebpay.com\/in\/blog\/weekly-crypto-report-7th-august-2026\/#Events_in_July_August\" >Events in July &amp; August<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/zebpay.com\/in\/blog\/weekly-crypto-report-7th-august-2026\/#Weekly_Support_and_Resistance_Levels\" >Weekly Support and Resistance Levels<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Crypto_Assets\"><\/span><strong>Crypto Assets<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"BTC\"><\/span><strong>BTC<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/zebpay.com\/in\/buy-bitcoin\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Bitcoin<\/strong><\/a> and the broader crypto market are witnessing a slowdown in momentum, with prices trading in a range-bound zone between $62,000 and $66,000. Mixed sentiment, driven by geopolitical developments and global macroeconomic events, has limited fresh participation in the market. On the daily chart, the RSI is hovering around the 50 level, indicating that buying momentum is present but remains modest. Meanwhile, the Stochastic Oscillator is approaching the overbought zone at 72, suggesting caution around fresh buying in the near term. The next key resistance level is positioned around $67,800.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ETH\"><\/span><strong>ETH<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/zebpay.com\/in\/buy-ethereum\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Ethereum<\/strong><\/a>, after touching a fresh high of $1,981, is facing strong resistance in the $1,980-$2,030 zone. Despite this, buyers remain bullish and continue to show buying interest on dips. On the daily chart, the RSI is holding above 54, indicating sustained buying momentum. Meanwhile, the Stochastic Oscillator has recovered to 43 from the oversold zone, while on-chain activity continues to improve, suggesting underlying strength at lower levels.Looking ahead, ETH is expected to face immediate resistance around $2,030, followed by the next major resistance near $2,105 during the coming week. A decisive breakout above these levels could strengthen bullish momentum.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SOL\"><\/span><strong>SOL&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/zebpay.com\/in\/buy-solana\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Solana<\/strong><\/a> remained range-bound throughout the week and witnessed a modest price correction. Despite increased activity in the meme coin ecosystem, SOL failed to gain upward momentum. On the daily chart, the RSI stands at 43, indicating a slowdown in bullish momentum. Meanwhile, the Stochastic Oscillator remains in the oversold zone at 38, suggesting that selling pressure may be easing, although a clear reversal is yet to be confirmed. On the upside, SOL is likely to face immediate resistance near $77.35, followed by the next key resistance around $81.10. A sustained move above these levels could signal a stronger recovery in the coming sessions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Note: <\/strong>The crypto market cap is at $2.19 trillion, as of date.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Market_News\"><\/span><strong>Market News<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bitcoin 30-Day Average Hashrate Falls 19% Amid Miner Capital Shift to AI<\/li>\n\n\n\n<li>Bitcoin ETFs Inflow Picks Up $626 Million as Coldcard Wallet Exploit<\/li>\n\n\n\n<li>MARA Swings to Q2 Loss as Bitcoin\u2019s Slump Masks Higher Output<\/li>\n\n\n\n<li>Tokenized RWAs Triple Deposits to $7.4 Billion as Broader DeFi Contracts 15%: CoinShares<\/li>\n\n\n\n<li>ETH Faces $835 Million Long Liquidation Risk Below $1,812, Coinglass Data<\/li>\n\n\n\n<li>Ethereum Price Eyes Next Rally After $60M ETF Inflows<\/li>\n\n\n\n<li>Coldcard Hackers Transfer 64 BTC and 200 ETH to Crypto Mixers<\/li>\n\n\n\n<li>BlackRock\u2019s Ethereum ETF to Undergo 1-for-3 Reverse Split<\/li>\n\n\n\n<li>JPMorgan Warns HYPE Could Lose Ground to SOL, XRP as ETF Inflows Stall<\/li>\n\n\n\n<li>Hyperliquid RWA Contracts Grow to 32% of Trading Activity in Q2\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Also Read: <a href=\"https:\/\/zebpay.com\/in\/blog\/how-to-keep-your-crypto-safe-with-cold-wallets\" target=\"_blank\" rel=\"noreferrer noopener\">How to Keep Your Crypto Safe with Cold Wallets: A Beginner&#8217;s Guide<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Events_in_July_August\"><\/span><strong>Events in July &amp; August<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Major Token Unlocks: <\/strong>ENA, HYPE, PROVE, and IP\u00a0<\/li>\n\n\n\n<li><strong>Major Crypto Conferences:<\/strong><\/li>\n<\/ul>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Blockchain Rio 2026: <\/strong>11th-13th August<\/li>\n\n\n\n<li><strong>Wyoming Blockchain Symposium: <\/strong>17th-20th August<\/li>\n\n\n\n<li><strong>Coinfest Asia 2026 (Bali): <\/strong>20th-21st August<\/li>\n\n\n\n<li><strong>Bitcoin Asia 2026 (Hong Kong): <\/strong>27th-28th August<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Weekly_Support_and_Resistance_Levels\"><\/span><strong>Weekly Support and Resistance Levels<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong><span style=\"text-decoration: underline;\">Coins<\/span><\/strong><\/td><td><strong><span style=\"text-decoration: underline;\">CMP<\/span><\/strong><\/td><td><strong><span style=\"text-decoration: underline;\">Support 2<\/span><\/strong><\/td><td><strong><span style=\"text-decoration: underline;\">Support 1<\/span><\/strong><\/td><td><strong><span style=\"text-decoration: underline;\">Trend<\/span><\/strong><\/td><td><strong><span style=\"text-decoration: underline;\">Resistance 1<\/span><\/strong><\/td><td><strong><span style=\"text-decoration: underline;\">Resistance 2<\/span><\/strong><\/td><\/tr><tr><td><strong>BTC<\/strong><\/td><td>$64,320<\/td><td>$58,640<\/td><td>$61,080<\/td><td><strong>Positive<\/strong><\/td><td>$66,100<\/td><td>$68,400<\/td><\/tr><tr><td><strong>ETH<\/strong><\/td><td>$1,899<\/td><td>$1,735<\/td><td>$1,815<\/td><td><strong>Positive<\/strong><\/td><td>$2,030<\/td><td>$2,120<\/td><\/tr><tr><td><strong>SOL<\/strong><\/td><td>$72.69<\/td><td>$66.35<\/td><td>$69.65<\/td><td><strong>Neutral<\/strong><\/td><td>$77.65<\/td><td>$81.10<\/td><\/tr><tr><td><strong>BNB<\/strong><\/td><td>$593<\/td><td>$533<\/td><td>$563<\/td><td><strong>Neutral<\/strong><\/td><td>$629<\/td><td>$656<\/td><\/tr><tr><td><strong>HYPE<\/strong><\/td><td>$55.60<\/td><td>$49.85<\/td><td>$52.30<\/td><td><strong>Positive<\/strong><\/td><td>$58.80<\/td><td>$63.65<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Unravel everything that you need for your crypto journey via <a href=\"https:\/\/zebpay.com\/in\/blog\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>ZebPay blogs<\/strong><\/a>. Get started today and join 6 million+ registered users on <a href=\"https:\/\/zebpay.com\/in\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>ZebPay<\/strong><\/a>!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/onboarding.zebpay.com\/onboarding?returnUrl=https%3A%2F%2Fzebpay.com%2Fapp\" target=\"_blank\" rel=\"noreferrer noopener\">TRADE NOW<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Assets BTC Bitcoin and the broader crypto market are witnessing a slowdown in momentum, with prices trading in a range-bound zone between $62,000 and $66,000. Mixed sentiment, driven by geopolitical developments and global macroeconomic events, has limited fresh participation in the market. On the daily chart, the RSI is hovering around the 50 level, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":40509,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"_ayudawp_aiss_exclude_summary":false,"_ayudawp_aiss_summary":"","_ayudawp_aiss_summary_provider":"","_ayudawp_aiss_summary_hash":"","footnotes":""},"categories":[26],"tags":[79,97,310,16,311,671,336],"class_list":["post-41679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-blockchain","tag-bnb","tag-btc","tag-crypto","tag-eth","tag-hype","tag-sol"],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/41679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=41679"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/41679\/revisions"}],"predecessor-version":[{"id":41681,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/41679\/revisions\/41681"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/40509"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=41679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=41679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=41679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}