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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.
The total value locked (TVL) on the Blast Layer-2 network has collapsed by 97% over the past year, plunging from a record $2.2 billion to just $67 million, according to DeFi Llama.
ETH/USD remains in a medium-term uptrend, but after posting fresh yearly highs around 4789.00 last week, the pair entered a correction as traders locked in profits and uncertainty around the Fed’s next moves grew.
Ethereum shorts on the CME have hit an all-time high, sparking debate among investors about the token’s next move. But what does the data really show?
SWIFT’s decades-old cross-border messaging rails are “on borrowed time,” and Ripple — with its native token XRP — could emerge as a successor, says Sal Gilbertie, CEO of Teucrium. He links the threat to Ripple’s push to become a regulated financial institution.
In the past week, participants from Ethereum’s 2014 ICO transferred coins worth a total of $45 million, according to analysts from Lookonchain and Onchain Lens.
The U.S. Treasury will not allocate federal funds to purchase Bitcoin directly, opting instead to expand its holdings through coins seized in criminal and civil cases, Treasury Secretary Scott Bessent said.
Over the past four days, Bitcoin has corrected nearly 8% from its record high above $124,000. Technical indicators point to the risk of a deeper decline.
Concerns over future Federal Reserve policy were the main driver behind Bitcoin’s latest correction, according to Vincent Liu, CIO of Kronos Research, in comments to The Block.
The RIAT Institute has dismissed recent claims from Qubic regarding a supposed 51% attack on the Monero network, calling the announcement “a staged publicity stunt aimed at boosting their own project.”
Bitcoin wrapped a whirlwind week — including a fresh intraday all-time high at 124,533 US dollars — back near last week’s close, a touch below 118,000 US dollars. By contrast, several large-cap altcoins found a bid: Ethereum (ETH), Solana (SOL), and BNB each gained roughly five percentage points over the period. The new trading week now turns squarely on macro: Eurozone inflation, the Fed’s latest meeting minutes, U.S. housing data, and the annual Jackson Hole gathering of central bankers. Here’s what’s on the docket — and why crypto cares.
The crypto market is pulling back after sharp gains in recent weeks. Bitcoin has dropped well below its record high, while XRP is struggling to hold the crucial three-dollar mark.
Last week, BTC/USD posted a new all-time high above 124,500.00 before shifting into correction, with the U.S. dollar strengthening on renewed uncertainty over the Federal Reserve’s next moves. July wholesale inflation data showed producer prices rising sharply: PPI jumped from 2.4% to 3.3% y/y, while core PPI advanced from 2.6% to 3.7%. This has forced analysts to push back expectations for rate cuts, with fears the Fed could hold borrowing costs at 4.25–4.50% well into year-end.
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.