BTC And ETH Looking Bearish Heading Into August, XRP Sees Huge Selloff: Best Crypto To Buy Now

Massive liquidation in the crypto landscape has people wondering what the best crypto to buy now is. With Bitcoin (BTC)  falling from $117k to $113k, and Ethereum sliding down to $3.4k from $3.7k, the market is currently looking bearish.

According to an X post by Maelstrom CEO Arthur Hays, macroeconomic factors such as weak credit expansion across leading economies are slowing down nominal GDP growth and could play a part in dragging BTC and ETH down to the $100k and $3k level.

Bitcoin

Price

Market Cap

BTC

$2.27T

24h7d30d1yAll time

Hayes’ remarks echo a wider industry concern that strains from tighter credit, rising tariffs and a cooling labour market could derail crypto’s upward trajectory.

Since its peak of $123k on 14 July, the BTC has slid 7.7% while ETH is down 12.5% since breaching the $3.9k barrier on 28 July, as per CoinCecko’s data. A retreat to $100k would represent an 18.7% pullback from BTC’s recent high.

On the other hand, many industry analysts have pointed out that the BTC is in many ways past any sort of double-digit pullbacks. Eric Baluchnas, Bloomberg’s ETF analyst, has noted that ever since BlackRock’s spot BTC ETF filing, the crypto king has faced lesser degrees of volatility.

Bitcoin cycles, as we know them, are dead.

You can't compare this phase to the ones that came before.
Not in scale.
Not in structure.
Not in what’s at stake.

What we’re seeing now isn’t a reaction to supply, but how bitcoin being absorbed into the system.

It flows through…

— Eli Nagar (@EliNagarBrr) August 2, 2025

Meanwhile, the Fear and Greed index has dropped to 53 from Thursday’s 65 and is currently in the neutral zone. However, analysts have maintained that BTC’s drop is nothing but a bullish reset.

Explore: Best Meme Coin ICOs to Invest in August 2025

XRP Trading Volume Surges Amid Massive Selloff

XRP witnessed massive downsides yesterday, tumbling nearly 9% from $3.02 to $2.75 before the bulls managed to claw back to $2.83. The decline came amidst a heavy institutional selloff, resulting in the trading volume surging to more than twice the norm.

XRP

Price

Market Cap

XRP

$170.39B

24h7d30d1yAll time

The market hit XRP hard over a 24-hour volatile window ending on 3 August. On 2 August, traders exchanged a massive 222.24 million XRP tokens, an eye-watering 183% jump from its usual 78.52 million daily average

Incredibly, all this happened within a four-hour window on 2 August 2025.

XRP finally found its footing at $2.75 but has met with consistent resistance anytime it ventured above the $2.84 mark.

$XRP is BOUNCING!

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