Bitcoin slipped on Friday after a brief run higher, and some market watchers say the move could force a policymaker response. Based on reports, Bitcoin was trading at about $113,240, down 3.4%, on August 22, 2025. Related Reading: Bitcoin’s Next Stop For 2025? $175,000, According To SOL Strategies Boss Crypto Analyst Flags Inflation Risk According to Bloomberg Intelligence strategist Mike McGlone, the simultaneous rise in equities, Treasury yields, gold and Bitcoin looks unstable and could push inflation higher if it continues. He warned that stronger risk-asset gains might nudge the Federal Reserve toward tighter policy, not easing, which would be the opposite of calls from US President Donald Trump to loosen policy this year. Reports have noted that Bitcoin fell from a local high of $120,050 to roughly $112,990, a decline of about 6% since last Friday, and that the crypto lost just over $1,000 in a few hours during the move. A Lot May Be Riding on Bitcoin/Gold Going Up – The simultaneous rise in equities, Treasury bond yields, Bitcoin and gold appears unsustainable, and at a minimum due for some volatility post-summer doldrums. A scenario my graphic highlights is that if risk assets keep rising,… pic.twitter.com/7xCLbw7DXy — Mike McGlone (@mikemcglone11) August 22, 2025 Price Action And Market Moves Markets reacted quickly. Some traders booked profits after the spike, and others trimmed positions ahead of key Fed commentary at Jackson Hole. The pullback was not extreme by historical standards, but it shows how quickly sentiment can change. Markets have been watching Treasury yields and Powell’s comments closely, since those signals help decide whether risk assets will keep drawing fresh money. What The Numbers Mean For Investors Based on reports, the recent fall understates how much volatility persists in crypto. A 6% move in a few days is normal for Bitcoin’s history, yet it still matters for big holders and funds that move money in and out quickly. Some support levels around $112,000 were being watched by crypto tacticians, while traders said downside protection would likely be tested if yields continue higher. Related Reading: Panic Or Profit? Analyst Says XRP Below $3 Is A ‘Massive Blessing’ Analysts’ Price Targets Analysts are split on where Bitcoin goes from here. Bernstein strategists, for example, have floated a scenario where Bitcoin could climb as high as $200,000 within months if certain on-chain flows and institutional demand persist. Other market players see a more modest path, with some guessing at a peak near $140,000 to $150,000 as the most realistic upside in the near term. At the same time, veteran voices like McGlone warn that downside scenarios remain possible if the Fed tightens. Featured image from Meta, chart from TradingView
Authorities across Africa arrested more than 1,200 suspects and seized nearly $100 million in a sweeping cybercrime operation that dismantled online fraud networks and illegal crypto mining operations, INTERPOL announced on Aug. 22. The three-month crackdown, known as Operation Serengeti 2.0, targeted nearly 88,000 victims across 18 African nations in collaboration with the UK. Investigators […]
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The United States Court of Appeals for the Second Circuit has approved the joint stipulation of dismissal for the appeal filed by Ripple Labs and the SEC. According to the order issued at the Thurgood Marshall Courthouse, the stipulation withdrawing the appeals was approved on Friday August 22. As a result, the lawsuit filed by …
Bitcoin and crypto seem to be on the verge of mainstream adoption, with US spot exchange-traded funds (ETFs) shattering inflow records, Goldman Sachs holding more crypto ETF shares issued by BlackRock than any other institution, and corporate treasuries from Strategy to Bitmine embracing digital assets. However, a recent survey from Bank of America showed three-quarters […]
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The cluster of filings was taken as a sign by some analysts that the asset managers are responding to feedback from the SEC.
Six issuers filed S-1 amendments and Grayscale a new spot XRP ETF, as Powells cut signal lifted ETH to ATH and XRP 10%.
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As Bitcoin (BTC) stalls near the $113,000 level, Ethereum (ETH) continues to show strength, highlighting a clear divergence in price action between the top two cryptocurrencies by market cap. This contrast has some investors considering a rotation from BTC into ETH to capture the latter’s bullish momentum. Bitcoin Shows Correction Risks – Is ETH Safe? According to a CryptoQuant Quicktake post by contributor XWIN Research Japan, on-chain data reveals underlying weakness in BTC price action. By contrast, ETH is displaying notable resilience even as broader crypto market momentum fades. Related Reading: Bitcoin Slides Below $115,000 While Spot Volume Surges Past $6 Billion – Recovery Ahead? Currently, Bitcoin’s exchange reserves are hovering around 2.53 million BTC, showing little sign of declining despite recent volatility. For context, BTC has fallen 5.4% over the past week. Historically, shrinking exchange reserves have indicated BTC moving off exchanges for long-term holding, which reduces near-term sell pressure. This time, however, reserves remain flat, suggesting that a significant portion of BTC supply is still liquid and available for selling. Flat exchange reserves – combined with BTC’s recent drop from $123,000 to $113,000 – have raised red flags for a possible short-term correction. Meanwhile, ETH’s on-chain dynamics tell a very different story. Unlike BTC, ETH has consistently recorded large net outflows from exchanges, with multiple spikes exceeding 300,000 ETH in late July and mid-August. XWIN Research Japan explained: Outflows usually reflect coins moving into cold storage, staking, or institutional custody, tightening the available supply on the open market. ETH’s price has been between $4.150 to $4,400, aligning with the outflow trend and reinforcing a bullish narrative of a potential supply shock. In short, while BTC is consolidating with lingering sell-side liquidity, ETH’s declining exchange balances signal rising institutional demand. These opposing dynamics suggest capital may be rotating from BTC to ETH. Different Dynamics Between BTC And ETH Beyond exchange reserves, other indicators also highlight further downside risk for BTC and growing institutional interest in ETH, reinforcing the market’s preference for Ethereum over Bitcoin. Related Reading: Bitcoin Fear Is Back: Traders Flip As Price Plunges To $113,000 For instance, noted crypto analyst Xanrox recently offered a dramatic price prediction for BTC, stating that it may crash all the way down to $60,000 – almost a 50% fall from its current market price. Meanwhile, whales continue to increase their exposure to ETH, growing their holdings at a rapid pace as ETH’s relative strength compared to BTC improves. Yesterday, an Ethereum whale went long on $300 million worth of ETH on-chain. From a technical perspective as well, things look positive for ETH, with a potential recovery to $4,788 on the cards. At press time, BTC trades at $112,283, down 0.7% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
The proposed bill included a list of targetable offenses, including the theft of cryptocurrencies, ransomware attacks, and pig butchering scams.
Robust onchain activity, a resilient futures market and improving investor optimism boost the chance for ETH to hit $5,000.
The judge suggested that a brief stay while awaiting a ruling in a similar case in the appellate court could “reduce the burden of litigation.”
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The token rose to a fresh record on Coinbase on Friday.
Ethereum (ETH) recorded a blistering rally of over 15% in the past 24 hours and surpassed its 2021 all-time high of $4,869.47 on Aug. 22. As of press time, the second-largest crypto was trading at a high of $4,888 and was continuing to move upward. Federal Reserve Chair Jerome Powell prompted the price increase after […]
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The price of ETH, Ethereum's native token, set its previous all-time high of around $4,878 in November 2021.
ETH broke above its November 2021 record high, and analysts say a dovish Federal Reserve and institutional adoption will send Ether well above $5,000.
Ethereum hits $4,869 for the first time since 2021 as Powell signals possible Fed rate cuts, lifting Bitcoin and altcoins.
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The Internal Revenue Service's top cryptocurrency lead left the tax agency as new changes are set to come into force next year.
Cardano’s price is caught in a tight range, holding above key support while facing resistance overhead. With momentum weakening, will ADA break higher or slide back toward lower levels in its next decisive move? Bearish AB=CD Pattern Completed With Rejection At $0.95 Alpha Crypto Signal, a crypto analyst on X, recently shared insights on Cardano’s price action, noting that ADA has just completed a bearish AB=CD pattern on the daily timeframe. The rejection around the $0.95 level confirms this setup, suggesting that the market may be preparing for a corrective move. Such harmonic patterns often signal exhaustion in the preceding trend, hinting that ADA could face additional downward pressure in the short term. Related Reading: Cardano (ADA) Pulls Back, Will Bears Push It Lower Again? Currently, Cardano is trading below the 9-day EMA at $0.88, indicating that momentum has weakened following its recent attempts to push higher. Trading beneath this moving average often reflects a bearish shift in sentiment, where buyers struggle to maintain control. The analyst highlighted a critical support zone between $0.74 and $0.77, which will likely act as the first line of defense for bulls. Should this area give way, ADA could extend its decline toward the $0.70–$0.68 range, marking a deeper retracement and potentially testing the patience of long-term holders. Still, the outlook is not entirely bearish. According to the analysis, bulls could regain momentum if ADA manages to reclaim the $0.90 level and establish support above it. A successful recovery beyond this threshold would weaken the bearish narrative and possibly set the stage for another upward push. Cardano Holds Key Level After Pullback CryptoPulse, another market analyst, noted in an X update that Cardano is currently holding above a key support level following a pullback. This resilience suggests that buyers are still defending critical price zones despite recent bearish pressure. Related Reading: Cardano Defies Market Pullback: Could On-Chain Momentum Signal a 70% Run Ahead? According to the analyst, as long as the price maintains this support just above $0.80, ADA has the potential to rebound toward the $1.06 region, which aligns with the 0.382 Fibonacci retracement level. A move in this direction would indicate that momentum is shifting back in favor of the bulls. However, CryptoPulse cautioned that if support fails and ADA breaks lower, a backtest could occur, raising the risk of the price revisiting its range lows. Such a move would reinforce bearish sentiment and potentially delay any significant recovery attempts. In the meantime, the levels are clearly defined, leaving the market to decide its next direction. Whether ADA manages to build on its current support and push higher, or slips back into deeper corrective territory, will depend on how traders respond around these pivotal zones. Featured image from iStock, chart from Tradingview.com
Jito announced the filing of an exchange-traded fund (ETF) based entirely on Solana liquid staking tokens in a partnership with VanEck. According to an Aug. 22 announcement, the filing represents months of collaborative regulatory outreach between Jito and VanEck, beginning with initial meetings with the US Securities and Exchange Commission (SEC) in February. The partnership […]
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A Philippine lawmaker has introduced a measure that would require the central bank to build a strategic Bitcoin reserve, marking one of the most ambitious crypto policy proposals in Southeast Asia. Representative Migz Villafuerte filed the “Strategic Bitcoin Reserve Act” in June, calling for the country’s central bank, Bangko Sentral ng Pilipinas (BSP), to purchase […]
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Reeds is a fan of Bitcoin treasury companies, but believes the window for attaining massive returns may have closed.
Ethereum (ETH) price surged over 13 percent on Friday to reach a multi-year peak of $4,834 during the mid North American session. Ether price outshined Bitcoin (BTC) and the top large-cap altcoins in Friday’s bullish rebound. The sudden Ether price jump resulted in more than $673 million rekt from the wider crypto leveraged market, mostly …
In a video published earlier this week titled “SHIBA INU — HOW HIGH WILL PRICE BE IN 2025?!! MY HONEST THOUGHTS!,” the crypto analyst behind the LuckSide Crypto channel argued that Shiba Inu’s upside for the remainder of 2025 depends almost entirely on whether retail investors finally return to crypto in size. “Retail has not shown up yet,” he said, adding that the share of people in crypto “remains very much unchanged from last market cycle,” which he put at “5 to 6% of the world.” In his view, without a fresh retail wave, Shiba Inu (SHIB) can rise but is unlikely to break its longer-term range; with a retail surge, he believes the token could “drop a zero” and set a new all-time high. LuckSide situated SHIB’s performance within a broader meme-asset rotation. He contended that the top tier of memes has been diluted as new entrants and brands pulled liquidity from incumbents: “When we look at Dogecoin, we’ve had Shiba Inu pull some of that market cap from Doge… Pepe has pulled some market cap from SHIB… and as each one of these has entered the space and done well… it’s just sucked… some of the life out of these assets.” He emphasized that this dynamic does not mean “SHIB is dead,” only that the ceiling has lowered until new participants arrive. Related Reading: Shiba Inu Takes Major Step With Community Governance Model — Details Macro headwinds dominated his account of the past 18 months. He summarized 2025 as a year of “tariffs, economic uncertainty, quantum computing concerns, [and] black swan events,” and described 2024’s late spring and summer as a period of “high interest rates” and “slowing down economy,” with overhangs such as “German government dumping” and “Mt. Gox concerns.” Against that backdrop, he argued, meme coins—“a small percentage of the total market”—typically require “a lively” market and “adoption taking place” to outperform. He framed the current meme-coin capitalization at “$69.88 billion versus the total market cap of crypto which is 4 trillion” to underline how dependent the niche is on incremental retail flows. How High Can Shiba Inu Still Go In 2025? On SHIB-specific fundamentals, LuckSide pointed to what he sees as constructive on-chain behavior: “We’ve seen whale accumulation except for like the last week or so,” and “huge supply removal from exchanges.” He also reiterated a long-standing call about price resilience during the drawdown: “Shiba Inu has not dropped off a zero. While many people said it would, I called… that Shiba Inu would never add back a zero.” Those signals, he said, have “set the table for basically a big Shiba Inu boom” if and when retail returns. His 2025 path splits into two scenarios. If retail continues to lag, he expects SHIB to remain capped within its broader trend, even if reflexive rallies occur: “Let’s say we get up here somewhere in September… that’s… kind of sucks in the grand scheme of things,” he said, arguing that such a move would still leave the token range-bound. Related Reading: Analyst Says Shiba Inu’s $0.000010 Support Could Trigger Major Bounce If retail adoption is “actually triggered and you see the masses flow into the market… which… is when the meme-coin percentage of market cap really tends to surge,” he believes SHIB could “drop a zero, moving past $0.0001 for the first time ever.”. In his words, “FOMO is a hell of a drug. Supply shock is a hell of a thing to witness in the market.” On timing, LuckSide sees a narrowing window in late 2025 into early 2026 for a renewed meme-coin phase. “Whether that’s here in 2025 still, whether that’s early 2026, I think our window is really closing to where the market is actually going to take off and you’re going to see this big meme-coin boom yet again,” he said. Until then, he counseled patience and focus on on-chain support: “We just have to… understand that we need fundamentals to stay strong, and eventually things are going to work themselves out.” The bottom line of his “honest” assessment is conditional rather than numeric. Absent a fresh retail cohort, SHIB’s upside in 2025 may be incremental. With a decisive retail return—evidenced by “people downloading exchange apps and actually pushing capital into the space”—he argues the token could finally shed a decimal and set new highs. As he put it, “Retail will not always be delayed in getting to the markets… and when it does… we have the potential for SHIB to hit some pretty insane highs.” At press time, SHIB traded at $0.00001212. Featured image created with DALL.E, chart from TradingView.com
Tariffs slam US Bitcoin miners with nine-figure bills, Polkadot courts Wall Street, SharpLink loads up on ETH and Beijing hints at a yuan-backed stablecoin pivot.
VanEck has filed to launch the first US ETF backed by a liquid staking token, JitoSOL, testing the SEC’s evolving stance on staking.
OpenAI and Retro Biosciences used a custom AI model to redesign stem cell proteins, boosting efficiency and hinting at new longevity therapies.
After a BlockFi investor withdrew an objection filed in February, a judge appeared to clear the way for the next step in a settlement of a class-action lawsuit.
The US Court of Appeals for the Second Circuit issued a mandate on Aug. 22 approving the dismissal of the appeals in the case between Ripple and the Securities and Exchange Commission (SEC). The court order, shared by lawyer James Filan on X, officially ends one of crypto’s most consequential legal battles. Despite the news, […]
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An experienced memecoin sniper appears to be the first to buy Kanye West's recently-launched YZY token, according to Bubblemaps.
Trish Turner, the U.S. Internal Revenue Service veteran running its digital assets effort, is the latest senior official leaving for the private sector.