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The cryptocurrency market strengthened earlier this week but came under sharp selling pressure on Thursday, erasing much of its previous gains. In the latest market snapshot, Bitcoin (BTC) is trading near 81600.00 (+0.9%), Ethereum (ETH) at 2400.00 (+2.1%), Tether (USDT) at 0.9991 (–0.01%), BNB at 744.00 (+5.1%) and XRP at 1.3250 (+4.8%). Total cryptocurrency market capitalization has declined to approximately $2.73 trillion, while Bitcoin dominance has increased to 60.0%. From October 19 to 22, US spot Bitcoin ETFs recorded net inflows of $439.1 million, while Ethereum ETFs saw outflows of $225.1 million. The market remains volatile despite the recovery attempt discussed in our previous crypto weekly review.
Stablecoin giant Circle, the company behind USDC, could be facing a serious squeeze on its bottom line if the Federal Reserve goes ahead with expected interest rate cuts next month.
The team behind Ronin has announced that the network, once launched as a standalone sidechain, will return to Ethereum as a fully fledged Layer 2 solution. The migration is expected to be completed in the first half of 2026, according to the project’s official blog.
Thailand is set to launch its new TouristDigiPay initiative on August 18, giving international travelers the ability to swap crypto into Thai baht for online purchases. The program, first reported by Crowdfund Insider, marks another step in the country’s push to integrate digital assets into its tourism economy.
The Federal Reserve’s Board of Governors has shut down its “novel activities” oversight program for banks, formally ending enhanced supervision of crypto-related lines of business. In the same move, the Fed rescinded a 2023 letter that had forced banks to seek advance approval for stablecoin activities and demonstrate robust controls around cybersecurity, liquidity, consumer compliance, and illicit finance.
Despite Bitcoin’s slide toward $117,000, dip buyers didn’t flinch.
Bitcoin has a 50% chance of reaching $140,000–$150,000 before the end of 2025, according to Stephen McClurg, CEO of Canary Capital. Speaking to CNBC, McClurg added that the next bear market is likely to begin in 2026.
After years of back-and-forth in court, the Ripple–SEC case is finally finished. For U.S. crypto investors, that’s one of the biggest uncertainties taken off the table. The new SEC chairman, Paul Atkins, is already signaling a very different direction from his predecessor. Instead of Gary Gensler’s heavy-handed style, Atkins is talking about clarity, realistic compliance, and actual cooperation with other regulators.
Michael van de Poppe, analyst and founder of MN Trading, has identified the $121,000 mark as the critical level for Bitcoin to resume its upward momentum
Charles Edwards, founder of Capriole Investments, forecasts that Bitcoin could see another strong move upward within the next week, driven by a surge of institutional buying on Coinbase.
Standard Chartered has raised its Ethereum price target for 2025 from $4,000 to $7,500, citing strong institutional demand, new U.S. legislation on stablecoins, and solid fundamentals. The bank now sees ETH potentially climbing to $25,000 by the end of the decade.
Buyer exhaustion may set the stage for a correction in August before investor capital surges into altcoins, much like in previous market cycles. 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 market tried to push higher this week, but by Thursday leading assets had given back most of their gains. Bitcoin (BTC) trades around $119,300 (+0.8%), Ethereum (ETH) near $4,650 (+10.4%), XRP at $3.1420 (–1.3%), stablecoin USDT around $1.0008 (+0.05%), and BNB near $851 (+8.4%). Total market cap stands at $4.05 trillion, with BTC dominance at 58.7%. Bitcoin spot ETFs added roughly $38 million in holdings this week, while Ethereum ETFs saw $2.393 billion in inflows.
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.