As the Bitcoin price stabilizes above the crucial support level of $112,500, market enthusiasts remain hopeful for an upward trajectory. With August drawing to a close, conditions are ripe for a promising close to the month. Ethereum (ETH) 
$2,273 is seeing renewed interest as it finds buyers at above $4,600, while favorable GDP data from the United States offers a boost to cryptocurrencies. But which cryptocurrencies are capturing the most attention?
The Most Popular Cryptocurrencies
NVIDIA’s recent report showed positive results; however, certain aspects fell short of expectations, leading to a decline in post-market trading. In a pre-market statement, NVIDIA’s CEO shared optimistic views, discussing the potential to gain approval for selling the latest Blackwell chip to China. This could lead to the U.S. receiving a portion of the sales revenue, which in turn may lift the restrictions on advanced chip sales for the company.
Turning back to cryptocurrencies, Coinbase revealed the coins gaining the most traction on its platform over the past week. The trending cryptocurrencies include Bitcoin (BTC) 
$74,104, Ethereum (ETH), Solana 
$84 (SOL), and XRP Coin. These are the assets attracting the most interest from U.S. investors, highlighting a shift from their positions on CoinMarketCap’s market capitalization rankings.
BTC, ETH, SOL, and XRP Coin
Let’s quickly assess the current state of these cryptocurrencies. Bitcoin’s (BTC) price rebounded above $112,000 as seller activity weakened around the $108,000 support level. With the CME GAP at $117,000 as the initial target, the narrative around crypto remains positive, especially with anticipated interest rate cuts just weeks away.
Testing the CME gap could propel the rally beyond $119,700, potentially initiating a new price discovery phase for Bitcoin.
Ethereum (ETH) maintains its consolidation above $4,500, avoiding further sales pressure at $4,200 and $4,080. Ether benefits from net inflows exceeding $300 million, which is four times the amount for BTC, signaling a favorable outlook for ETH.
If ETH climbs above $4,780, the target lies between $5,000 and $6,000. SOL Coin, another key cryptocurrency, has surpassed the $212 threshold. Given previous resistance tests, moving to the $223 and $244 range is now plausible.
XRP Coin has underperformed slightly but needs to reclaim the $3.1 and $3.33 levels to target $3.6. Supportive PCE data could make this target achievable soon.
