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BTC/USD traded near 78,900.00 early Wednesday after briefly breaking above 81,000.00 for the first time since May. The price later slipped below 78,000.00 following the release of US inflation data. Bitcoin is still up approximately 24–25% since the beginning of August, with the monthly range extending from 62,232.00 to 81,142.00.
This week, most major crypto assets have been correcting downward: BTC is trading around 109,600.00 (–5.0%), ETH near 3,940.00 (–11.9%), USDT around 1.0010 (+0.04%), XRP at 2.7650 (–7.1%), and BNB at 950.00 (–7.0%). The total market capitalization has declined to $3.75 trillion, while BTC’s market share dropped to 58.2%. At the same time, outflows from Bitcoin ETFs amounted to $479.3 million, and from Ethereum ETFs to $547.4 million.
Cloudflare, one of the world’s leading network service providers, is preparing to release its own stablecoin NET Dollar, according to CEO Matthew Prince.
QCP Capital analysts have warned of downside risks for the crypto market, with Bitcoin potentially sliding to $107,000 and Ethereum to $3,300 if the correction continues.
The SOL/USD pair continues to trade within a long-term uptrend channel. Last week, the price tested its upper boundary after the Fed’s interest rate cut and the launch of a Ripple ETF, climbing toward 250.00 (Murray level [8/8]). However, the bulls failed to hold the level, and a downward correction followed. At present, the pair is approaching 203.12 (Murray level [5/8], 61.8% Fibonacci retracement). A breakout below this level could extend the decline toward 183.80 (50.0% Fibonacci retracement) and 171.88 (Murray level [3/8]). For buyers, the key threshold lies at the middle Bollinger Band around 227.50; a move above it would reopen the path toward 250.00 and 265.62 (Murray level [+1/8]).
Ethereum co-founder Vitalik Buterin has urged the adoption of open and verifiable systems in key sectors such as healthcare, finance, and public governance, warning that centralized infrastructures erode trust and weaken security.
A group of major European banks has joined forces to create a consortium aimed at issuing a euro-pegged stablecoin under MiCA regulations. The initiative seeks to provide a European alternative to the dominance of U.S.-based stablecoins.
Crypto Exchange Gate.io has unveiled its own Layer-2 network, Gate Layer, while also refreshing the tokenomics of its native GT token.
Native Markets has officially launched the USDH stablecoin on Hyperliquid, opening trading in the USDH/USDC pair. The debut generated around $2.1 million in initial volume, according to Hyperliquid
The XRP/USD pair has been trading within the 3.1250–2.7344 range (Murray levels [4/8]–[2/8]) for the second consecutive month and has yet to break out. Last week, the instrument once again tested the upper boundary of this corridor following the launch of the first U.S. spot ETF based on XRP from REX Shares.
Arthur Hayes thinks a new kind of political power play could remake the Fed—and send Bitcoin into a different stratosphere. In his essay “Four, Seven,” the crypto exchanges BitMEX co-founder sketches a path for Donald Trump to exert de-facto control over U.S. monetary policy to finance a sweeping reindustrialization of America. For Bitcoin, Hayes argues, that would be a macro rocket booster. But there’s a catch: it would also mean a far more politicized central bank.
The ETH/USD pair is trading within a long-term uptrend but has entered a correction phase since the Fed’s recent rate cut. The price is now testing the lower boundary of the short-term sideways range at 4687.50–4062.50 (Murray [7/8]–Murray [5/8], Fibonacci 23.6% retracement). A breakdown could push ETH towards 3540.00 (Fibonacci 38.2%) and 3125.00 (Murray [2/8], Fibonacci 50.0%). For the bulls, the key level remains 4687.50 (Murray [7/8]); a breakout above it may trigger renewed growth toward 5000.00 (Murray [8/8]), 5312.50 (Murray [+1/8]) and 5625.00 (Murray [+2/8]).
After a rocky start to the week, Bitcoin is attempting to regain its footing. Could this be the setup for a year-end rally?
For crypto, the framework is similar to traditional financial markets but comes with its own twist. Here, price action turns on liquidity, adoption, regulation, and flows from institutions alongside retail sentiment. Network health—hash rate, staking, active wallets—adds another layer. Macro still matters too: rates, dollar strength, and risk appetite shape inflows and outflows. Then, as with any market, you use the chart—trend, support and resistance, momentum, and volume—to spot setups and manage risk.