Bitcoin Makes Up for Losses on Low-Priced Buying

BTC Overcomes Weekend Drops to Rebound to $114,000
XRP, XLM Drive Altcoin Gains After ETH Rise on Morning
Expert "BTC Down, Temporary...Bull Market Will Continue"

The cryptocurrency market, including Bitcoin(BTC), made up for last week's decline on Jul. 4 with low-priced buying.

Over the weekend, the cryptocurrency market, including Bitcoin, fell due to a slowdown in U.S. employment indicators. According to an employment report released by the U.S. Department of Labor on the 1st (local time), non-agricultural jobs in the U.S. in July were below expert forecasts, and job growth in May-June was lowered than previously announced.

However, it rebounded again on the inflow of buying from the morning of the 3rd and continued its upward trend until the 4th.

Altcoins rose more than 3%, including Bitcoin's rebound to the $114,000 level, and the market rebounded. Ethereum (ETH) began to rise, and XRP(XRP) and Stellar Lumen(XLM) showed noticeable gains, driving the rise of the altcoins market.

◇Bitcoin = Bitcoin price is $114,565 at 4:30 p.m. on Aug. 4, 2025. The Bitcoin share(dominance) was 62.02%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 59.61% and 40.39%, according to the on-chain analytics platform Sigbtc.

An analysis has been raised that the Bitcoin bull market is not over yet. It is explained that the current period, which undergoes an adjustment in the $110,000 range, is a typical interim adjustment.

"Bitcoin is still in a bull market," Pete Brandt said on Friday. "It has eventually broken through the high point even in major adjustment sections. The long-term trend line is still in effect."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Aug. 4 was Maple Finance(SYRUP), up about 5% on the day alone.

Maple Finance is an institutional loan-specific DeFi protocol that provides loan services to institutional investors by securing liquidity from ordinary investors. Ordinary investors deposit stablecoins to generate profits, while institutional investors can deposit collateral to use virtual asset loan services.

Maple Finance is used within the Maple Finance ecosystem for major utility purposes such as governance participation and staking.

◇Fear Greed Index = Digital asset fear-greed index provided by Alternative has entered the greed phase with 64 points. The greed phase is a phase where price volatility and trading volume increase, and the price increases. The government should be cautious about selling products as it is highly likely to form a short-term high.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 46.6, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr