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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.
Market Overview. Bitcoin (BTC) remains stagnant, opening the day unchanged at $114,000 and extending its sideways trend. Most altcoins are fluctuating between +5% and -10%, typical for current market conditions. The total crypto market cap stands at $3.74 trillion, up 0.5% over the last 24 hours.
Toncoin (TON) experienced a sharp selloff, dropping nearly 8%, after Nasdaq-listed Verb Technology announced a landmark strategic pivot to become the first public company holding TON as its primary treasury reserve asset.
In a move shaking the entire crypto sector, BitMine Immersion Technologies, Inc. has accumulated a staggering 833,137 ETH—valued at approximately $2.9 billion—within just 35 days, making it the world’s largest corporate Ethereum treasury practically overnight. This aggressive accumulation began in June 2025, following a $250 million private placement that fueled a buying spree at an average price of about $3,491 per ETH
The memecoin frenzy that dominated the crypto markets earlier this year is showing clear signs of exhaustion, most notably reflected in plummeting volumes on Solana-based launchpad Pump.fun. After peaking in January with the explosive launch of the Trump Coin, the platform has experienced a rollercoaster ride—culminating in a pronounced slump this summer.
Metaplanet has added another 463 BTC to its balance sheet, a purchase worth roughly $53 million, pushing its total holdings to 17,595 BTC. The Japanese tech firm now owns more than $2 billion in Bitcoin, with an average entry price near $101,000 per coin.
Major crypto investors are seizing the opportunity as Ethereum (ETH) surges, sparking renewed debate: is the market about to enter a fresh Altcoin Season?
Over the past week, BTC/USD pulled back to test the 112,500 level (Murray [4/8]), pressured by trade tensions and monetary uncertainty, but managed to avoid a deeper breakdown and is now attempting to recover. The introduction of new US tariffs on imports from nations lacking agreements with Washington has stoked fears of a global slowdown and a potential US recession, triggering equity market weakness and sparking a risk-off move in crypto, which remains highly correlated with stocks.
Volatility is back in the crypto market as Bitcoin (BTC) dropped 4% to $114,600 to start August, with Ethereum, Ripple, and Solana also facing declines. With risk appetite suppressed after weaker-than-expected US data, investors are closely watching several critical economic releases that could influence both crypto and equity prices. Here’s what matters most for Bitcoin and crypto traders in the days ahead.
Visa and Mastercard Downplay Stablecoin Competition After Posting Strong Earnings.
Strategy (formerly MicroStrategy) is taking its Bitcoin playbook to new extremes, announcing plans to raise an additional $4.2 billion in debt to expand its holdings even further. The company, led by Michael Saylor, is leveraging its unprecedented profitability and bullish market momentum to chase an ambitious new target: one million Bitcoin under management.
Top 5 Crypto News of the Week: MicroStrategy, Kraken IPO, Euro Stablecoin, U.S. Regulation, Tether, Coinbase
Arthur Hayes just sent shockwaves through the crypto crowd with one of his trademark calls: Bitcoin could tumble back to $100,000 before making its next big move higher. The BitMEX co-founder has been trimming risk fast, unloading more than $13 million worth of ETH, ENA, and PEPE, and shifting most of his portfolio into USDC. Right now, stablecoins make up more than 80% of his publicly tracked $27.9 million holdings
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.