Weekly Crypto Market Report – August 2026
Bitcoin and Ethereum continue to trade in tight ranges as market sentiment remains cautious.
1Bitcoin Stuck in Narrow Range
Bitcoin has been range-bound between $62,000-$66,000 this week. Global macroeconomic uncertainties and geopolitical developments are keeping investors cautious. The daily RSI at 45 shows bullish momentum hasn't strengthened yet. A breakout above $66,000-$67,000 resistance could trigger a new upward wave.
2Ethereum Fails to Break $1,950 Resistance
Ethereum is trading at $1,885 but struggling to surpass the $1,950-$2,000 resistance zone. The daily RSI at 50 indicates neutral momentum. On-chain data supports a positive medium-term outlook. The $1,980-$2,010 area will be a crucial test for bulls.
3Solana Trades in Tight Range
Solana has been confined to a $75-$78 range this week. The daily RSI at 50 shows neutral momentum. A breakout above $77.50-$78.50 could push prices toward $82. While meme coin trading remains active, overall market participation is subdued.
4Market Cap and Trading Volume
The total crypto market cap stands at $2.18 trillion with 24-hour trading volume at $46.81 billion. Bitcoin's dominance is at 42%. Market volatility has remained low in recent weeks. Investors are avoiding taking strong directional positions.
5Key Market Developments
Polymarket shows a 92.5% chance Bitcoin closes August above $62,500. Riot Platforms sold 4,300 BTC for data center investments. Public Bitcoin miners reduced hash rate by 13.4%. Goldman Sachs entered a $2.25 billion Bitcoin asset management deal.
6Upcoming Token Unlocks
Significant token unlocks are scheduled for WLFI, APT, KAITO and ZRO in coming weeks. These unlocks may create selling pressure due to increased supply. Investors remain cautious about potential downside risks around these dates.
7Major Crypto Conferences
Key industry events include HSC Conference on August 15, Wyoming Blockchain Symposium (August 17-20), Coinfest Asia in Bali (August 20-21), and Bitcoin Asia in Hong Kong (August 27-28). These gatherings will highlight emerging sector trends.
8Technical Levels and Market Outlook
For Bitcoin, watch $59,380 and $61,800 support, $66,300 and $68,100 resistance. Ethereum's key levels are $1,695-$1,814 support and $2,030-$2,120 resistance. The overall market outlook has shifted from neutral to slightly bearish.
Original article: ZebPay — Ağustos 2026 Haftalık Kripto Piyasa Raporu