![[LIVE] Crypto Announcement Today – Weekend Of Red As Bitcoin Drops To $112K: Top Cryptos To Purchase Now As The Crypto market Recovers](https://i0.wp.com/99bitcoins.com/wp-content/uploads/2025/08/IMG_0823-1536x1040.png?w=770&resize=770,470&ssl=1 "[LIVE] Crypto Announcement Today – Weekend Of Red As Bitcoin Drops To $112K: Top Cryptos To Purchase Now As The Crypto market Recovers")
[LIVE] Crypto Announcement Today – Weekend Of Red As Bitcoin Drops To $112K: Top Cryptos To Purchase Now As The Crypto market Recovers
This past weekend saw intense panic as Bitcoin’s value dropped to $112,000. The whole crypto market reacted, with significant ETH holders selling off their assets as the price fell below $3,400. However, not all took the same path. In contrast, savvy investors began scouting for the best cryptocurrencies to purchase while prices were low. While some larger holders were liquidating their assets, others, including SharpLink, continued to accumulate.
SharpLink recently acquired an additional 15,822 Ethereum (valued at $53.9M) just six hours ago. Over the last two days, they have invested 108.57M USDC to purchase 30,755 ETH at an average cost of $3,530. SharpLink now possesses 480,031 Ethereum, estimated to be worth around $1.65 billion.
EXPLORE: Top Meme Token ICOs to Consider for 2025
Monday Offers Some Relief As XRP Price Recoups $3 – Ideal Crypto To Buy Amidst This Dip?
On Monday, a small relief bounce occurred, with Bitcoin rebounding to trade above $114,000. Yet, trading market sentiment has turned cautious, as the Fear & Greed Index rests at 53, indicating neutral ground. Nevertheless, large investors are still accumulating leading assets like ETH and Bitcoin, viewing this dip as a dollar-cost averaging (DCA) opportunity.
(XRPUSDT)
Cardano (ADA) Greenlights $71 Million Upgrade Initiative to Enhance Scalability and Developer Resources
The Cardano community has ratified a $71 million (96 million ADA) proposal to finance a year-long upgrade strategy led by Input Output Engineering (IOE). The proposal received 74% approval, marking a first in which Cardano’s treasury directly supports core network development through decentralized governance.
The agenda emphasizes scalability, the developer experience, and interoperability enhancements. Major upgrades include Ouroboros Leios for swifter transactions, Hydra for layer-2 scalability, Mithril for lightweight clients, and Nested Transactions for cross-chain smart contracts. Project Acropolis aims to reorganize Cardano’s infrastructure for better developer onboarding and long-term maintainability.
Funds will be distributed in milestones under the oversight of Intersect and monitored via smart contracts. IOE will provide consistent updates to ensure transparency.
The post [LIVE] Crypto Announcement Today – Weekend Of Blood With BTC Falling To $112K: Best Crypto To Buy Now As The Crypto market Bounces Back appeared first on 99Bitcoins.
