Bitcoin’s record-breaking rally hit a pause this week as shifting U.S. policy signals triggered a sharp pullback. After surging to an all-time high of $124,457 on August 13, BTC plunged as low as $117,477 on Friday morning before stabilizing around $119,000. The 5% drop followed U.S. Treasury Secretary Scott Bessent’s comments ruling out additional government…
The United States (U.S.) Treasury Secretary Scott Bessent has backpedaled on his earlier comments and revealed plans for a Strategic Bitcoin Reserve. He stated the foundation for this initiative and how the U.S. government intends to expand the reserve over time. Treasury Secretary Comments On Strategic Bitcoin Reserve In an X post, Treasury Secretary Scott…
The world’s largest asset manager, BlackRock, stunned the cryptocurrency market this week by snapping up more than $1 billion worth of Bitcoin and Ethereum for its exchange-traded funds (ETFs) in a single day, right in the middle of one of the sharpest market pullbacks of the summer. On August 14, just hours after hotter-than-expected U.S….
The broader cryptocurrency market has shifted into a heightened bearish phase, causing Bitcoin to drop from its current all-time high of $124,000 to the $117,000 threshold. While bearish pressure is building, indicators such as Bitcoin’s supply dynamics are providing insights about the current state of the market and investors’ sentiment. What Bitcoin Supply Data Says…
Bitcoin is once again at a pivotal moment, facing heavy resistance after setting a new all-time high around $124,000 yesterday. The milestone sparked excitement among bulls, but also renewed caution among analysts who warn that slowing momentum could signal a potential market cycle top. Some see the recent hesitation as a sign that buyers may…
Capriole founder Charles Edwards argues that Bitcoin’s famous four-year boom-and-bust pattern has effectively ended—not because markets have matured into a placid equilibrium, but because the engine that once forced 80–90% drawdowns has been dismantled by Bitcoin’s own monetary design. The 4-Year Bitcoin Cycle Is Dead In his Update #66 newsletter published on August 15, 2025,…
The crypto market is down today, with more than 90 of the top 100 coins turning red over the past 24 hours. In this time, the cryptocurrency market capitalization has decreased by 2.4% to $4.12 trillion. At the same time, the total crypto trading volume is at $267 billion, the highest it’s been in days….
An anonymous whale has acquired $792 million worth of Bitcoin following a brutal liquidation event that wiped out $1.05 billion in leveraged positions after unexpectedly high US inflation data triggered widespread market selloffs. The massive purchase occurred as Bitcoin retreated from its new all-time high of $124,457 to current levels around $119,000. The acquisition also…
A morning soundbite from Treasury Secretary Scott Bessent briefly rattled Bitcoin and crypto markets on Thursday before a late-day clarification restored the policy baseline: the United States won’t be sellers, and “budget-neutral” options to grow the country’s bitcoin stockpile remain on the table. Senator Cynthia Lummis swiftly framed the endpoint. “America needs the BITCOIN Act,”…
Treasury Secretary Scott Bessent has walked back earlier remarks that the US would not acquire BTC for its Strategic Bitcoin Reserve, a shift that has left the policy direction murky. Speaking on Fox News on Thursday, Bessent told anchor Maria Bartiromo that while Washington intends to develop a reserve “to get into the 21st century,”…