What Happened In Crypto Today

Today in crypto, the US Federal Reserve will end its 2023 program supervising banks’ crypto activities. Czech police arrested darknet founder Tomas Jirikovsky in a $45M Bitcoin bribery case linked to a minister’s resignation; and US Treasury Secretary Scott Bessent appeared to walk back comments ruling out budget-neutral strategies for funding the Bitcoin reserve. US…

BTC Faces Ghost Month Pullback Risk

Key takeaways: Bitcoin marks its steepest pullback in a month, with the ghost month trend hinting at further downside to $105,000. Onchain data shows a rise in US and Korean spot demand, pointing to a short-term recovery. Bitcoin (BTC) saw a sharp correction on Thursday, slipping below $117,000 on Aug. 14, marking its steepest pullback…

How Bitcoin Could Hit $400K by Year-End, According to Udi Wertheimer

In an exclusive interview with Cointelegraph, crypto commentator Udi Wertheimer lays out a provocative thesis: Over the last five years, institutions have been quietly buying out old Bitcoin (BTC) holders — and it’s reshaping the market in a way few have appreciated. “For the last five years, they’ve been buying out old holders of Bitcoin,”…

Bitcoin Selling Drags Down Altcoins But Dip Buying Continues

Key points: Bitcoin’s pullback is finding support near $117,000, indicating buying on dips. Ether has given up some ground but is likely to find support near $4,094. Bitcoin (BTC) turned down sharply from $124,474 on Thursday, but a positive sign is that the bulls are trying to arrest the decline near $117,000. According to a…

Ether Treasury Race Accelerates With $24.5B BitMine Raise, as US Debt Hits $37T: Finance Redefined

The institutional Ethereum treasury race is accelerating, as two of the biggest corporate Ether holders are raising billions of dollars to acquire more of the world’s second-largest cryptocurrency. Public Bitcoin mining firm BitMine Immersion Technology is raising $24.5 billion through an at-the-market (ATM) stock offering, while SharpLink completed a $389 million capital raise from common…

ETH Supply Squeeze Imminent As Exchange Supply Falls

Key takeaways: Ether’s bull flag confirmation on the daily chart targets 34% gains to $6,100. The percent of ETH supply held on exchanges has dropped to 12% for the first time since 2016. Depleting ETH supply on exchanges points to a “supply squeeze” and long-term accumulation. Ether (ETH) price registered a multi-year high of $4,792…

MSTR, BMNR, SBET Plunge as BTC, ETH, SOL Rally Cools

Digital asset treasury (DAT) firms, seen as high-beta plays on crypto prices, sold off sharply on Friday as the August crypto rally showed signs of exhaustion. Strategy (MSTR) fell another 3% on Friday, extending its decline to 20% since July’s high and 33% from the November 2024 all-time high. The MSTR/IBIT ratio dropped to 5.43,…

Ethereum, Altcoin Interest Boom may Signal Bitcoin Buyer Exhaustion

Investor sentiment toward cryptocurrencies surged this week, with growing retail interest in altcoins suggesting Bitcoin’s recent euphoria phase may be nearing an end, according to analysts. The crypto asset sentiment index rose from 0.23 to 0.91 within a week, according to Max Shannon, senior research associate at crypto index fund manager Bitwise. Google searches for…

ETH Price And OI Hit New Highs, Will It Last?

Key takeaways: Ether derivatives data shows weak demand for leveraged bullish positions. Corporations and TradFi favor independent layer-1 chains, challenging Ethereum’s dominance in decentralized finance. Ether (ETH) surged to $4,518 on Tuesday as traders showed a higher risk appetite following a modest 0.1% rise in US consumer inflation. Yet, beneath the surface, derivatives data suggests…

Ethereum, Altcoin interest boom may signal Bitcoin Buyer Exhaustion

Investor sentiment toward cryptocurrencies surged this week, with growing retail interest in altcoins suggesting Bitcoin’s recent euphoria phase may be nearing an end, according to analysts. The crypto asset sentiment index rose from 0.23 to 0.91 within a week, according to Max Shannon, senior research associate at crypto index fund manager Bitwise. Google searches for…