[LIVE] Huge Crypto Liquidations Set to Happen Before a Major Surge: Top Cryptos to Invest in Right Now

It’s Saturday once again, undeniably the prime day of the week to scout for crypto purchases for now or the upcoming week.

The market is currently experiencing a downtrend phase, with major assets like Bitcoin and Ethereum witnessing price declines.

Bitcoin has decreased from the $117k mark to around $113, which reflects a 3.6% drop, while ETH has dipped from $3.7k to the $3.4k range, marking a 6.7% fall. Nevertheless, the trading market attitude retains a bullish outlook, as indicated by the Crypto Fear & Greed Index showing “Greed” earlier this week with BTC reaching a high of $119k, suggesting optimism among investors.

Is “now” the optimal moment to invest in crypto?

EXPLORE: Top New Cryptocurrencies to Invest in 2025

Bracing for the Surge: Time to Reenter the Market

Yesterday saw $1.29 billion in liquidations, which wasn’t actually all that poor. It could merely be institutions shaking off weaker investors, a common occurrence.

Admittedly, tariffs and the Fed’s inability to lower rates might impact the situation, but they could also be the rationale behind the shake-out. This is how institutions with substantial capital maneuver, leveraging the current circumstances.

Here’s the reality: ETH, the second-largest cryptocurrency, is still falling short of its all-time high (ATH) of $4.7k in this cycle, making it potentially the best purchase option.

Despite the downturn, positive advancements continue to emerge. The Pectra upgrade has enhanced scalability and reduced transaction fees, which will undoubtedly base level wider adoption. Moreover, ETH persists in dominating DeFi and NFTs, holding over 56% of DeFi’s total locked value.

Institutional interest in Ethereum is also on the rise and shows no signs of slowing down. Spot Ethereum ETFs have seen substantial inflows, including $18.27 million into BlackRock’s ETHA at the end of July.

It’s no secret that institutional support drives crypto rallies. Analysts are also predicting that Ethereum could reach new ATHs in 2025, with projections exceeding $6,500. Realistically, the drop could be a temporary setback before a significant rebound.

It’s not only BTC and ETH; the overall rate of crypto adoption remains rapidly advancing.

Who would have imagined BTC could hit $120k this cycle? Even the Germans offloaded 54K Bitcoin at 59K, resulting in $3.5 billion that should be valued at $7 billion today. In spite of the turbulent market, crypto consistently emerges stronger as it evolves.

Ethereum, still below its ATH, might present a strategic opportunity to invest before prices escalate to new heights. Staying informed and closely monitoring the best crypto to purchase could be the path to significant financial gains.

RELATED: Reason Behind Today’s Crypto Decline? 

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The article [LIVE] Major Crypto Liquidations Anticipated to Lead to A Significant Surge: Best Crypto to Purchase Now first appeared on 99Bitcoins.