Bitcoin defended support near $62,100 on August 1, but the August 2 rebound faded around the 50-day SMA, leaving $63,600 resistance untested.
Kosta Gushterov
Journalist
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Latest articles by Kosta Gushterov
A Banca d’Italia experiment found that sending USDC between Italy and five other countries cost anywhere from 0.30% to 8.96%, depending largely on how users entered and exited the crypto market.
FTX’s fifth creditor distribution began reaching accounts on July 31, although early reports showed that payments were not appearing for everyone at the same time.
Bitcoin opened August below a key support band, while Santiment recorded its most bearish Bitcoin commentary ratio since modern tracking began.
HYPE slipped below $52.5 on August 1, keeping price inside its descending channel even after Hyperliquid moved permissionless HIP-4 deployments to testnet.
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Ethereum climbed to $1,930 on July 31 before reversing to $1,880, down 1.8% as resistance near the 100-day SMA held again.
The Bank of Japan held its policy rate at 1.0% on July 31, six weeks after raising borrowing costs in June.
Strategy holds 843,775 BTC bought at an average of $75,476, against a price near $64,800 at the time of writing. That puts the position roughly $9 billion below the $63.69 billion the company spent acquiring it.
HYPE continued lower on July 30 as sellers maintained control of the short-term structure.
Bitcoin has declined during the August–September window before all three U.S. midterms in its trading history, then fallen further in the fourth quarter each time.
Russian authorities have placed BitRiver founder Igor Runets in custody under Part 4 of Article 159 of the Criminal Code, the provision covering aggravated fraud.
