The Bitwise head of derivatives argued on Bits + Bips that the same bond-market stress unsettling long-dated Treasurys is what is pushing Bitcoin higher, even as a co-host called the government’s intervention unnecessary.
Posted August 24, 2026 at 11:34 pm EST.
Bitcoin’s rebound toward $80,000 has as much to do with the U.S. bond market as with crypto, Gordon Grant, head of derivatives at Bitwise, said on Bits + Bips on Monday. He argued that the Treasury’s push to expand long-end debt buybacks worked mainly as a signal, and that the same volatility unsettling long-dated Treasurys is what is pushing Bitcoin higher.
The backdrop is a strained bond market. The 30-year Treasury yield had climbed to a 19-year high above 5.3% before the Treasury said on Aug. 19 it would double its long-end buybacks to at least $4 billion per operation beginning Sept. 9. Bitcoin, which had fallen about 37% from its October record near $124,820, climbed back to roughly $79,000, while spot Bitcoin ETFs took in about $1.9 billion over the week.
Grant said on Bits + Bips that Bitcoin was “the last of the large cap liquid assets, ex crypto, to pick up on the volatility bug” spreading through macro markets. The buyback was small against a roughly $32 trillion Treasury market, he noted, but “signals can be as effective as sizes,” he said on the show.
Why Volatility Cuts Both Ways Grant described a long end where “excess variance” had triggered a “buyer strike,” leaving the market “seasick.” That instability, he argued, does the opposite for crypto. “High vol in Bitcoin gets people excited about it because it starts to inflate the right tail of distribution. In rates, it kind of works the other way,” he said on the show. The same forces denting Treasury market stability, in his telling, are what is driving fresh momentum into Bitcoin.
A Dissent on the Panel Not everyone agreed the intervention was needed. Ram Ahluwalia, CEO of Lumida, said the Treasury may have made things worse. “I don’t think Bessent even needed to intervene. Markets were settling of their own accord. His intervention might have actually spooked investors,” he said on the podcast. The relief proved brief, with long-dated yields rebounding within a day. Treasury Secretary Scott Bessent, tapped to run Treasury partly for his pro-crypto stance, has since said the operations could exceed $4 billion each, leaving open how far the government will go to defend the long end.
Related Listen: Why Bitcoin May Not Run Until Saylor ‘Gets Blown Up’ : Bits + Bips
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Bitcoin surged past $80,000 on Tuesday for the first time since May, continuing a powerful rally that has marked its strongest weekly performance in over two years.
ETF inflows and rising demand fuel gainsData from CoinGecko shows Bitcoin (BTC) reached an intraday high of $81,160.06, capping a seven-day gain of approximately 25.8%.
The recent momentum is closely linked to renewed demand via US spot Bitcoin exchange-traded funds, which saw net inflows of $1.92 billion during the previous week.
Fabian Dori, chief investment officer at Sygnum Bank, highlighted that the rally has been driven by substantial spot demand and inflows from ETF allocators rather than by leveraged futures trading.
“This week’s strength has been led by fundamental spot demand and allocator flows through ETFs rather than by pure leverage, and rallies built on that base tend to be more durable than ones driven by crowded futures positioning,” stated Dori.
Mini dictionary: Exchange-traded fund (ETF): An investment fund traded on stock exchanges, ETFs typically track the price of an asset like Bitcoin and allow investors to gain exposure without directly holding the underlying cryptocurrency.
Policy decisions and market impactThe rally came as the US Treasury Department announced on Wednesday that it would at least double the maximum size of its long-end liquidity-support buybacks to $4 billion per operation. This move aims to boost liquidity in the market and was seen by market observers as a key catalyst for Bitcoin’s latest price surge.
In a separate development, President Donald Trump called on Congress to approve new crypto market structure legislation during an event at the White House, signaling continued interest in digital asset regulation at the highest levels of the US government.
Bernstein analysts, led by Gautam Chhugani, identified the Treasury’s buyback expansion as a major trigger for Bitcoin’s advance, emphasizing that the cryptocurrency often reacts positively to increased market liquidity.
Bernstein analysts noted that the Treasury’s liquidity measures have historically correlated with upward movements in Bitcoin’s price, describing the latest policy as a “strong trigger” for the current rally.
Comparison: Bitcoin and Ethereum ETF inflowsAlongside Bitcoin ETFs, Ethereum-based exchange-traded funds also experienced significant inflows. In the latest period, Bitcoin funds drew $608 million while Ether ETFs achieved their largest weekly inflow since October.
FundWeekly Net InflowsRecent RecordBitcoin ETF$1.92 billionStrongest since JanuaryEthereum ETF$608 millionLargest since OctoberAnalysts continue to monitor whether increased institutional participation and supportive policy moves will extend the current uptrend in the broader cryptocurrency market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin traded above $80,000 on Aug. 25 as BitMEX co-founder Arthur Hayes argued that expanded U.S. Treasury bond buybacks marked the beginning of a new bull market.
Summary
Treasury doubled long-end buyback caps to at least $4 billion per operation beginning September 9, 2026. Bitcoin rallied above $80,000 after announcement, though causation between both events remains unproven by officials. Hayes called Bitcoin bull market underway and said Maelstrom reached maximum risk portfolio exposure levels. Treasury projects $739 billion in third-quarter borrowing and a $950 billion September-end cash balance under assumptions. New York Fed plans $10 billion reserve management purchases, separately targeting ample banking reserves this month. Hayes presented the argument in his Aug. 25 essay, Same Same But Different. He linked Bitcoin’s recent rally to Treasury Secretary Scott Bessent’s decision to increase purchases of longer-dated government securities.
The Treasury confirmed on Aug. 19 that it would at least double the maximum size of certain long-end liquidity-support buybacks. The limit will rise from $2 billion to at least $4 billion per operation between Sept. 9 and Nov. 4.
Hayes described the move as a mechanism for adding dollar liquidity and reducing pressure on long-term yields. However, the Treasury says the program supports market liquidity rather than providing monetary stimulus.
Arthur Hayes Says Bitcoin Bull Market Is Underway as Treasury Buybacks Boost Liquidity
BitMEX co-founder and Maelstrom CIO Arthur Hayes argued in his latest essay, Same Same But Different, that U.S. Treasury Secretary Scott Bessent’s expansion of longer-dated Treasury buybacks… pic.twitter.com/qcbIsNXaql
— Wu Blockchain (@WuBlockchain) August 25, 2026 Bitcoin rally follows Treasury buyback announcement Bitcoin rose from below $65,000 before the announcement to above $80,000 on Aug. 25. The cryptocurrency reached an intraday high above $81,000, extending its strongest weekly advance in months.
The timing supports Hayes’s argument that expectations of easier financial conditions benefited Bitcoin. It does not establish that the buyback announcement caused the entire rally. ETF inflows, short liquidations and a weaker dollar also contributed to the move.
U.S. spot Bitcoin ETFs recorded about $517 million in net inflows on Aug. 19, their strongest daily intake since early May. Derivatives liquidations then accelerated the breakout, as Bitcoin surged above $71,000 following the Treasury announcement.
The 10-year Treasury yield initially declined toward 4.65%, while the 30-year yield moved closer to 5.20%. Yields subsequently recovered part of that decline, suggesting the announced purchase sizes had not fundamentally changed the market’s concerns over borrowing and debt supply.
No purchases under the enlarged limits had occurred when Hayes published his essay. The new schedule begins in September.
Hayes calls buybacks a source of dollar liquidity Hayes argued that purchasing older, longer-dated securities could raise their prices and suppress yields. In his view, lower yields make risk assets comparatively more attractive and encourage capital to move toward Bitcoin.
He compared Bessent’s approach with former Treasury Secretary Janet Yellen’s increased reliance on Treasury bills in late 2023. Hayes believes that strategy helped move money-market balances out of the Federal Reserve’s overnight reverse-repurchase facility and into marketable securities.
“The next bull market… just began,” Hayes claimed, although Treasury buybacks are debt-management operations and not equivalent to Federal Reserve quantitative easing.
Treasury describes its buybacks as a way to improve liquidity in older securities and manage its cash position. Its Aug. 5 refunding statement authorized up to $38 billion of liquidity-support purchases during the quarter, alongside up to $25 billion of short-maturity cash-management buybacks, according to the department’s statement.
The New York Fed is separately conducting about $10 billion of reserve-management purchases during its current monthly operating period. The central bank says those purchases maintain ample reserves in the banking system. They are not part of Treasury’s buyback program.
Hayes has previously argued that an expanded Federal Reserve facility for foreign monetary authorities could also support Bitcoin by temporarily increasing dollar liquidity.
A $1 trillion TGA deployment remains unconfirmed Hayes identified the Treasury General Account as another possible source of buying power. The account held approximately $940 billion, according to reports citing Treasury officials.
Bessent said the Treasury could use some of that cash for bond buybacks without changing its scheduled long-term debt auctions. However, the government has not announced a plan to deploy the entire balance or committed $1 trillion to purchases.
Hayes called a large TGA drawdown the “middle road,” but the scale and timing remain speculative.
Treasury’s latest borrowing estimate assumes a $950 billion cash balance at the end of September and $850 billion at year-end. It expects to borrow $739 billion in privately held net marketable debt during the July-to-September quarter and another $628 billion during the following quarter, according to an official release.
Using the TGA extensively could temporarily place more cash in the private banking system. Its longer-term effect would depend on how quickly Treasury rebuilt the account through new debt issuance.
Hayes expects higher Bitcoin volatility Hayes said Maelstrom had moved to “maximum risk,” with major exposure to Bitcoin, Ether, Ethena and Ether.fi. He did not disclose position sizes or provide independently verifiable portfolio records.
He also warned that a continued advance would not prevent steep corrections. His view remains a market forecast rather than a guaranteed outcome, and the announced Treasury operations remain small relative to the broader Treasury market.
The next confirmed policy milestone is Sept. 9, when the larger long-end buyback limits take effect. Treasury will reconsider future purchase sizes during its next quarterly refunding on Nov. 4.
Investors can then compare actual buyback results, Treasury yields, the TGA balance and Bitcoin’s performance. Until those data arrive, Hayes’s bull-market call rests on an expected liquidity transmission mechanism rather than a confirmed policy commitment to monetary easing.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Bitget Chief Executive Officer Gracy Chen has expressed strong skepticism that the United States government will actively purchase Bitcoin on the open market to expand its Strategic Bitcoin Reserve before the end of President Donald Trump’s current term.
In a recent interview, Chen described such acquisitions as improbable from a policy standpoint, saying she does not expect them to materialize within the next two years.
The Strategic Bitcoin Reserve was formalized through an executive order signed on March 6, 2025.
That directive primarily capitalizes the reserve with Bitcoin federal authorities already obtained through criminal and civil asset forfeiture proceedings.
It does not authorize using taxpayer funds for market purchases.
Instead, any additional acquisitions must follow budget-neutral approaches that impose no extra costs on American taxpayers.
The order also generally prohibits selling Bitcoin held in the reserve, creating a one-way mechanism where seized assets can enter but do not routinely exit through auctions or liquidations.
Public estimates place current US government Bitcoin holdings associated with the reserve in the range of roughly 198,000 to over 300,000 BTC, depending on the tracker used, stemming largely from law enforcement actions rather than deliberate sovereign accumulation.
Before the order, authorities sold substantial quantities of forfeited Bitcoin; the new framework ends that practice for assets designated for the reserve.
Chen’s assessment aligns with the practical constraints of the current setup.
Actively purchasing Bitcoin, she noted, would represent a significantly larger policy decision requiring extensive debate among lawmakers, political parties, and other stakeholders—far beyond simply retaining assets already under government control.
While the administration has maintained a relatively crypto-friendly stance, turning the reserve into an active buying program is not straightforward.
This structure means the reserve functions more as a long-term holding vehicle for existing government-controlled Bitcoin than as an active accumulation program.
The no-sale provision removes a potential source of future supply pressure on the market, which could offer some stability.
However, it does not create the ongoing demand that scheduled government purchases might.
Chen also indicated that if the US did begin accumulating Bitcoin, the impact could be substantial and not fully priced in, potentially driving prices higher as other jurisdictions and US states take notice.
Yet she maintains that, based on policy realities observed over the past year, such a move remains unlikely under the current framework through at least the next couple of years.
For market participants, the takeaway is tempered expectations: the Strategic Bitcoin Reserve solidifies the government’s role as a long-term holder of forfeited coins but is unlikely to emerge as a major buyer in the foreseeable future. Further developments would hinge on successfully identifying truly budget-neutral methods or on new congressional action.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitcoin (CRYPTO: BTC) could extend its explosive rally toward $90,000 as traders see a shift from low-volatility consolidation to a momentum-driven market.
Why Bitcoin’s Breakout Could Have LegsSpeaking on the Aug. 22 episode of Technical Roundup, prominent trader DonAlt said Bitcoin’s breakout was preceded by repeated tests of weekly resistance after bouncing from monthly support.
More importantly, bearish catalysts repeatedly failed to push Bitcoin meaningfully lower, which he viewed as evidence of seller exhaustion.
Analyst Cred added that while the initial breakout was heavily influenced by short liquidations, Bitcoin continued climbing even as liquidations slowed.
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He interpreted that as evidence that fresh buying demand had replaced forced short covering as the rally’s primary driver.
That distinction matters because rallies fueled exclusively by liquidations can quickly reverse once shorts are cleared. Continued spot demand, on the other hand, could support a more durable move.
DonAlt sees Bitcoin holding a bullish structure above $72,000 to $73,000, while a drop below $70,000 could weaken momentum.
While $65,000 to $66,000 would threaten the breakout, he targets $89,000 to $94,000 on the upside before an orderly correction.
Why Ethereum Could Lead BTC Higher?DonAlt is also increasingly bullish on Ethereum (CRYPTO: ETH), which he believes is displaying stronger relative price action than Bitcoin.
Ethereum has bounced from its long-term range support around $1,600 to $1,700 and pushed through major resistance around $1,950 to $2,250.
A weekly close above roughly $2,300 would strengthen the breakout, according to DonAlt.
"ETH is realistically leading," DonAlt said, noting that Ethereum has already broken resistance that Bitcoin is still confronting.
He added that historically, Ethereum breaking resistance ahead of Bitcoin has sometimes increased the probability of Bitcoin subsequently following through.
DonAlt’s primary ETH target is therefore around $4,000, where he plans to reassess whether it can mount a sustainable breakout toward new highs.
US spot Bitcoin and Ethereum ETFs recorded a combined $492 million in net inflows for the August 21 session, extending a positive flow streak across both crypto ETF cohorts.
Farside Investors data showed spot Bitcoin ETFs adding $307 million, led by BlackRock’s IBIT with $239.3 million. Spot Ethereum ETFs brought in another $185 million, led by BlackRock’s ETHA with $151 million.
The August 21 session marked the fifth consecutive positive trading day for both groups, according to the flow data. Weekly inflows reached $1.92 billion for Bitcoin ETFs and $697 million for Ethereum ETFs.
That is a strong regulated-demand signal.
But the numbers should be read carefully: these are daily and weekly net-flow figures, not cumulative assets under management.
TL;DR Spot Bitcoin ETFs recorded $307 million in net inflows on August 21. Spot Ethereum ETFs added $185 million. Combined inflows reached $492 million, extending a five-day positive streak. ETF Flows Keep Supporting The Rally ETF demand has become one of the cleanest ways to track regulated crypto appetite.
When spot Bitcoin ETFs take in hundreds of millions of dollars in a session, it suggests traditional-market investors are adding exposure through familiar brokerage channels. When Ethereum ETFs also attract capital, the signal broadens beyond BTC alone.
That is what happened on August 21.
Bitcoin led the day, but Ethereum’s $185 million inflow was large enough to show that investors were not limiting themselves to the simplest crypto allocation.
The market likes that combination.
BlackRock Still Dominates Both Categories BlackRock led both ETF groups.
IBIT brought in $239.3 million for spot Bitcoin ETFs, while ETHA led Ethereum products with $151 million. That reinforces BlackRock’s role as the dominant institutional gateway in the crypto ETF market.
This matters because scale attracts more scale.
Large funds tend to offer deeper liquidity, tighter spreads, more investor confidence, and stronger distribution. Once a product becomes the default vehicle, it can keep pulling in flows even as competitors fight for attention.
That dynamic is now visible in both Bitcoin and Ethereum ETFs.
The Five-Day Streak Is Important One strong day can be noise.
Five consecutive positive sessions across both Bitcoin and Ethereum ETFs is harder to dismiss. It suggests investors were adding exposure consistently rather than making a one-off allocation.
That can help strengthen the market’s foundation.
A rally driven only by short liquidations can fade. A rally supported by multiple sessions of ETF inflows has a stronger demand backdrop.
Still, flow streaks can end quickly. Investors should not assume the next week will automatically look the same.
Daily And Weekly Figures Need Precision The $492 million figure is the combined net inflow for one session.
The $1.92 billion Bitcoin figure and $697 million Ethereum figure are weekly inflow totals. None of these numbers should be confused with cumulative assets under management or lifetime ETF flows.
This distinction matters because ETF headlines often blur timeframes.
Daily flows show immediate demand. Weekly flows show momentum across several sessions. Cumulative assets show longer-term product scale.
Each tells a different story.
What To Watch Next The next test is whether inflows continue as price volatility returns.
If Bitcoin and Ethereum ETFs keep taking in capital during pullbacks, that would suggest more durable institutional demand. If flows reverse quickly, the current streak may look like a momentum-driven allocation window.
Traders will also watch whether Ethereum continues to keep pace with Bitcoin.
BTC remains the larger institutional product, but ETH’s participation matters for the broader market. Strong ETH flows can support DeFi, staking, tokenization, and smart-contract narratives.
For now, the ETF data remains constructive.
Bitcoin and Ethereum funds are both pulling in capital, and the latest combined session adds another layer of support to the market’s risk-on move.
This article is based on public ETF flow data from Farside Investors.
This article was written by the News Desk and edited by Samuel Rae.
Quantum computing is still mostly a theoretical threat to crypto wallets. But the cryptography community isn’t waiting around to find out exactly when “theoretical” becomes “Tuesday.” NIST published its first finalized post-quantum cryptography standards in August 2024, and Ledger CTO Charles Guillemet has been walking through what those standards actually mean for Bitcoin, Ethereum, and the hardware security world his company operates in.
Two standards, two philosophies NIST’s August 2024 announcement formalized two digital signature schemes that matter most here. The first is ML-DSA, published as FIPS 204 and based on the CRYSTALS-Dilithium algorithm. It’s a lattice-based approach, meaning its security relies on the computational hardness of certain geometric problems in high-dimensional space.
The second is SLH-DSA, published as FIPS 205 and built on Sphincs+. This one takes a more conservative route: its security is grounded entirely in hash functions, the same cryptographic primitives that have been battle-tested for decades across computing. No novel mathematical assumptions required. The tradeoff is that Sphincs+ produces larger signatures, which matters a lot when you’re paying per byte on a blockchain.
Guillemet noted that ML-DSA has become the go-to choice in sectors outside of blockchain. Bitcoin and Ethereum, however, are leaning toward SLH-DSA. Sphincs+ doesn’t ask developers to trust any new mathematical hardness assumption. Its security chain runs back to hash functions like SHA-256 and SHAKE, tools that the Bitcoin and Ethereum communities have trusted since day one.
Why the divergence matters Bitcoin currently uses the secp256k1 elliptic curve for signatures. Ethereum uses a similar elliptic curve scheme. Both are efficient and well-understood, but a sufficiently powerful quantum computer running Shor’s algorithm could theoretically break elliptic curve cryptography by recovering private keys from public keys.
Ethereum researchers in mid-2026 have been exploring optimized Sphincs+ variants specifically designed to make verification more tractable within the Ethereum Virtual Machine. The challenge is that Sphincs+ signatures are substantially larger than what current blockchain transactions carry, which affects storage costs, bandwidth, and the economic math of running a node.
Ledger’s implementation timeline For Ledger, this isn’t a distant horizon problem. The company’s security team is actively working on integrating post-quantum cryptography into its hardware wallet firmware, targeting secure software elements specifically. Guillemet has indicated that Ledger plans to ship firmware support for both ML-KEM, the post-quantum key encapsulation mechanism, and ML-DSA by the end of June 2026.
ML-KEM handles key exchange, while ML-DSA handles signatures. Together they represent a reasonably complete post-quantum security posture for a hardware wallet, covering both the channel through which a device communicates and the authentication layer that proves a transaction came from the right person.
The transition also raises practical questions for existing wallet holders. Migration to post-quantum schemes will likely require users to move funds to new addresses generated under new cryptographic standards, similar to how early Bitcoin users moved from uncompressed to compressed public keys.
Ethereum’s ongoing research into EVM-compatible Sphincs+ verification is the practical test of whether the efficiency gap can be closed enough to make hash-based signatures viable at scale.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Arthur Hayes: Maelstrom is fully invested in risk assets, with Bitcoin, Ethereum, and others as core bets.
Arthur Hayes published a post noting that his Maelstrom Fund is currently at "maximum risk exposure", with core bets on Bitcoin, Ether, Ethena, and Ether.fi. Hayes argues that whether U.S. Treasury Secretary Bessent increases U.S. dollar liquidity rapidly or gradually, Bitcoin will keep rising, though market volatility will also spike. As such, he advises against using leverage unless one is a full-time trader. Hayes also pointed out that Bessent’s recent move to expand long-term U.S. Treasury repurchase operations could further boost U.S. dollar liquidity, lifting Bitcoin and other risk assets. He projects that if U.S. Treasury yields approach 5% again, the U.S. Treasury may further expand repurchase volumes or take other steps to increase U.S. dollar liquidity.
25 minutes ago
Binance Alpha will roll out Teller first on August 26, with eligible users able to claim the airdrop.
According to official announcements, Binance Alpha will be the first to list Teller (TELLER) on August 26. Eligible users can visit the Binance Alpha event page to claim the airdrop using Binance Alpha points once trading opens, with specific airdrop details to be announced later.
25 minutes ago
Bitcoin mining company Metaplanet deposited 1,000 Bitcoin into Coinbase Prime one hour ago.
According to Lookonchain’s monitoring, Bitcoin mining firm Metaplanet deposited 1,000 BTC into Coinbase Prime an hour ago, valued at roughly $79.77 million. Earlier, the company purchased 43,000 BTC at an average price of $96,191, totaling approximately $3.48 billion.
25 minutes ago
Longling Capital transferred 65 million WLFI tokens to Binance, valued at approximately $3.79 million.
According to monitoring by @EmberCN, 10 minutes ago, Longling Capital transferred 65 million WLFI tokens to Binance, valued at approximately $3.79 million based on the price at that time.
25 minutes ago
Two whales plan to short $42.2 million worth of HYPE.
According to monitoring by TradingBeats (formerly Hyperinsight), two HYPE whales placed 509 non-"position-reduction-only" sell orders earlier today at higher price levels. They still plan to sell roughly 449,500 HYPE tokens, with a nominal value of around $42.226 million, at a weighted average order price of $93.94. The two sets of orders were created less than two minutes apart, but no data yet links the two addresses. The "US stock market winner" whale tracked yesterday (starting with 0x4e23) held 152,800 HYPE long positions as of yesterday and has now fully closed them for profit. Earlier today, it re-placed 24 sell orders within one minute, planning to short 327,300 HYPE tokens in the $90.385–$104.68 range, with a nominal value of about $31.5 million and a weighted average price of $96.25. Another whale starting with 0xf02d has already shorted 391,100 HYPE tokens, with a position value of ~$31.29 million, an average entry price of $75.92, and an unrealized loss of around $1.598 million. This address also placed 485 additional short orders in the $80.409–$99 range today, with a remaining planned short of 122,200 HYPE tokens (nominal value ~$10.726 million). The lowest tier of these orders is only ~0.5% away from the current price, and some have already started executing.
25 minutes ago
Maji opens $113 million worth of BTC and ETH long positions, account balance surges nearly 200 times.
According to Lookonchain’s monitoring, "Maji" (@machibigbrother) was once liquidated to the point where his account held less than $60,000. His account balance has since surged nearly 200 times, and he has opened long positions worth $113 million in Bitcoin (BTC) and Ethereum (ETH), including 23,350 ETH valued at $59 million and 668 BTC worth $54 million.
PANews reported on August 25 that, according to SoSoValue data, affected by combined factors including Bessent possibly deploying nearly $1 trillion in the TGA to buy bonds and the United States expanding economic sanctions against Iran, crypto market sectors resumed their upward trend. The Layer 2 sector stood out, rising 3.02% in 24 hours, with Polygon (POL) up 8.50%, Stacks (STX) up 4.76%, and Mantle (MNT) up 2.82%. Meanwhile, Bitcoin (BTC) rose 3.22%, touching $80,000 during the session; Ethereum (ETH) rose 2.38%, breaking back above $2,500 during the session.
In other sectors, the Layer 1 sector rose 2.21% in 24 hours, with Solana (SOL) up 6.14%; the CeFi sector rose 2.08%, with OKB (OKB) up 6.49%; the PayFi sector rose 1.97%, with Telcoin (TEL) up 7.81%; the Meme sector rose 0.44%, with dogwifhat (WIF) up 5.80%.
In addition, the DeFi sector fell 0.27%, but Ondo Finance (ONDO) was relatively resilient, rising 5.80%.
Arthur Hayes: Maelstrom is fully invested in risk assets, with Bitcoin, Ethereum, and others as core bets.
Arthur Hayes published a post noting that his Maelstrom Fund is currently at "maximum risk exposure", with core bets on Bitcoin, Ether, Ethena, and Ether.fi. Hayes argues that whether U.S. Treasury Secretary Bessent increases U.S. dollar liquidity rapidly or gradually, Bitcoin will keep rising, though market volatility will also spike. As such, he advises against using leverage unless one is a full-time trader. Hayes also pointed out that Bessent’s recent move to expand long-term U.S. Treasury repurchase operations could further boost U.S. dollar liquidity, lifting Bitcoin and other risk assets. He projects that if U.S. Treasury yields approach 5% again, the U.S. Treasury may further expand repurchase volumes or take other steps to increase U.S. dollar liquidity.
25 minutes ago
Binance Alpha will roll out Teller first on August 26, with eligible users able to claim the airdrop.
According to official announcements, Binance Alpha will be the first to list Teller (TELLER) on August 26. Eligible users can visit the Binance Alpha event page to claim the airdrop using Binance Alpha points once trading opens, with specific airdrop details to be announced later.
25 minutes ago
Bitcoin mining company Metaplanet deposited 1,000 Bitcoin into Coinbase Prime one hour ago.
According to Lookonchain’s monitoring, Bitcoin mining firm Metaplanet deposited 1,000 BTC into Coinbase Prime an hour ago, valued at roughly $79.77 million. Earlier, the company purchased 43,000 BTC at an average price of $96,191, totaling approximately $3.48 billion.
25 minutes ago
Longling Capital transferred 65 million WLFI tokens to Binance, valued at approximately $3.79 million.
According to monitoring by @EmberCN, 10 minutes ago, Longling Capital transferred 65 million WLFI tokens to Binance, valued at approximately $3.79 million based on the price at that time.
25 minutes ago
Two whales plan to short $42.2 million worth of HYPE.
According to monitoring by TradingBeats (formerly Hyperinsight), two HYPE whales placed 509 non-"position-reduction-only" sell orders earlier today at higher price levels. They still plan to sell roughly 449,500 HYPE tokens, with a nominal value of around $42.226 million, at a weighted average order price of $93.94. The two sets of orders were created less than two minutes apart, but no data yet links the two addresses. The "US stock market winner" whale tracked yesterday (starting with 0x4e23) held 152,800 HYPE long positions as of yesterday and has now fully closed them for profit. Earlier today, it re-placed 24 sell orders within one minute, planning to short 327,300 HYPE tokens in the $90.385–$104.68 range, with a nominal value of about $31.5 million and a weighted average price of $96.25. Another whale starting with 0xf02d has already shorted 391,100 HYPE tokens, with a position value of ~$31.29 million, an average entry price of $75.92, and an unrealized loss of around $1.598 million. This address also placed 485 additional short orders in the $80.409–$99 range today, with a remaining planned short of 122,200 HYPE tokens (nominal value ~$10.726 million). The lowest tier of these orders is only ~0.5% away from the current price, and some have already started executing.
25 minutes ago
If BTC rises an additional 2%, a certain whale that shorted $45.22 million yesterday will be forced to liquidate.
According to monitoring by TradingBeats (formerly Hyperinsight), BTC is currently trading at around $80,840, up roughly 4.3% over the past 24 hours. The whale address starting with 0x6046, which opened a large short position yesterday, is now approximately 2.5% away from its liquidation line, making it the largest address on Hyperliquid closest to liquidation at present. The whale shorted 559.4 BTC in batches last night, with an average entry price of $79,318.4. The current value of the short position stands at around $45.218 million, with an unrealized loss of about $851,000, translating to a -38.4% return. It is using 20x full leverage, with a current liquidation price of roughly $82,896.5. A further ~$2,057 (or 2.5%) rise in BTC from its current price would trigger liquidation. As of press time, the whale has not set public stop-loss, take-profit, or position-reduction orders, and still holds the full 559.4 BTC short position. This address is the first active account on Hyperliquid. Yesterday evening, it first received approximately 992,000 USDC from an address starting with 0x6b9e, and began shorting BTC roughly one and a half minutes after the deposit arrived. It later added around 1.6 million USDC as margin in two separate top-ups, accumulating a total of about $2.592 million in capital.
Binance Alpha will roll out Teller first on August 26, with eligible users able to claim the airdrop.
According to official announcements, Binance Alpha will be the first to list Teller (TELLER) on August 26. Eligible users can visit the Binance Alpha event page to claim the airdrop using Binance Alpha points once trading opens, with specific airdrop details to be announced later.
35 minutes ago
Bitcoin mining company Metaplanet deposited 1,000 Bitcoin into Coinbase Prime one hour ago.
According to Lookonchain’s monitoring, Bitcoin mining firm Metaplanet deposited 1,000 BTC into Coinbase Prime an hour ago, valued at roughly $79.77 million. Earlier, the company purchased 43,000 BTC at an average price of $96,191, totaling approximately $3.48 billion.
35 minutes ago
Longling Capital transferred 65 million WLFI tokens to Binance, valued at approximately $3.79 million.
According to monitoring by @EmberCN, 10 minutes ago, Longling Capital transferred 65 million WLFI tokens to Binance, valued at approximately $3.79 million based on the price at that time.
35 minutes ago
Two whales plan to short $42.2 million worth of HYPE.
According to monitoring by TradingBeats (formerly Hyperinsight), two HYPE whales placed 509 non-"position-reduction-only" sell orders earlier today at higher price levels. They still plan to sell roughly 449,500 HYPE tokens, with a nominal value of around $42.226 million, at a weighted average order price of $93.94. The two sets of orders were created less than two minutes apart, but no data yet links the two addresses. The "US stock market winner" whale tracked yesterday (starting with 0x4e23) held 152,800 HYPE long positions as of yesterday and has now fully closed them for profit. Earlier today, it re-placed 24 sell orders within one minute, planning to short 327,300 HYPE tokens in the $90.385–$104.68 range, with a nominal value of about $31.5 million and a weighted average price of $96.25. Another whale starting with 0xf02d has already shorted 391,100 HYPE tokens, with a position value of ~$31.29 million, an average entry price of $75.92, and an unrealized loss of around $1.598 million. This address also placed 485 additional short orders in the $80.409–$99 range today, with a remaining planned short of 122,200 HYPE tokens (nominal value ~$10.726 million). The lowest tier of these orders is only ~0.5% away from the current price, and some have already started executing.
35 minutes ago
Maji opens $113 million worth of BTC and ETH long positions, account balance surges nearly 200 times.
According to Lookonchain’s monitoring, "Maji" (@machibigbrother) was once liquidated to the point where his account held less than $60,000. His account balance has since surged nearly 200 times, and he has opened long positions worth $113 million in Bitcoin (BTC) and Ethereum (ETH), including 23,350 ETH valued at $59 million and 668 BTC worth $54 million.
35 minutes ago
If BTC rises an additional 2%, a certain whale that shorted $45.22 million yesterday will be forced to liquidate.
According to monitoring by TradingBeats (formerly Hyperinsight), BTC is currently trading at around $80,840, up roughly 4.3% over the past 24 hours. The whale address starting with 0x6046, which opened a large short position yesterday, is now approximately 2.5% away from its liquidation line, making it the largest address on Hyperliquid closest to liquidation at present. The whale shorted 559.4 BTC in batches last night, with an average entry price of $79,318.4. The current value of the short position stands at around $45.218 million, with an unrealized loss of about $851,000, translating to a -38.4% return. It is using 20x full leverage, with a current liquidation price of roughly $82,896.5. A further ~$2,057 (or 2.5%) rise in BTC from its current price would trigger liquidation. As of press time, the whale has not set public stop-loss, take-profit, or position-reduction orders, and still holds the full 559.4 BTC short position. This address is the first active account on Hyperliquid. Yesterday evening, it first received approximately 992,000 USDC from an address starting with 0x6b9e, and began shorting BTC roughly one and a half minutes after the deposit arrived. It later added around 1.6 million USDC as margin in two separate top-ups, accumulating a total of about $2.592 million in capital.
Bitcoin is trading marginally higher on Monday as cryptocurrencies digest last week’s gains.
Notable Statistics:
Coinglass data shows 90,337 traders were liquidated in the past 24 hours for $420.39 million. SoSoValue data shows net inflows of $307.5 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $184.9 million. In the past 24 hours, top gainers include Injective, POL and Pudgy Penguins. Notable Developments:
Bitcoin’s 7-Sigma Move Signals a Big ‘Macro Transition’Strategy Raises $2 Billion as Bitcoin’s 24% Surge Turns Holdings ProfitableBitcoin Will Go To $85,000 Before a Dip but the Real Story Is Its Role in the AI Economy, Expert ArguesBitmine Buys $81 Million In Ethereum as BMNR Surges 4%: What’s Going On?CRCL Could Hit $140, Says Bernstein as Cathie Wood Praises Circle’s DisruptionEthereum Surged 30%, Watch Stocks to See What Happens Next, Top Analyst SaysThe Bitcoin, Ethereum, XRP Record Week Was Just ‘The Beginning,’ Prominent Analyst SaysTrader Notes:
Michael van de Poppe said “hyped” bullish sentiment could trigger a brief market sweep, flushing out leveraged long positions.
Crypto chart analyst Ali Martinez said Bitcoin’s reclaim of the 1,130-day SMA above $74,000 is a bullish signal, noting the level has historically marked the end of bear markets.
If the pattern repeats, Martinez believes Bitcoin’s bottom may already be in.
Daan Crypto Trades said Bitcoin is still outperforming most top 50 altcoins, with rising BTC dominance signaling a healthy Bitcoin-led breakout.
He added that widespread rallies in riskier altcoins typically emerge closer to a local market top.
Image: Shutterstock
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Leading cryptocurrencies and adjacent equities climbed on Monday as sustained demand continued to drive the ongoing rally.
Crypto Market AscendsBitcoin came close to breaking above $80,000 as strong buying continued to fuel its rally. Trading volume jumped 78% over the last 24 hours.
Ethereum rose to its highest level in almost seven months, trading between $2,425 and $2,530. Dogecoin was the outlier, falling 0.57% in the last 24 hours.
Cryptocurrency-related stocks also lifted, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 2.83% and 5.74%, respectively.
Over $420 million was liquidated from the cryptocurrency market in the last 24 hours, nearly evenly split between long and short positions, according to Coinglass data.
Bitcoin’s open interest fell 1.21% over the last 24 hours. Smart money sentiment, which refers to the collective outlook and capital allocation of institutional investors, turned "extremely bullish."
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.68 trillion, following an increase of 2.36% over the last 24 hours.
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S&P 500 Closes in the RedMajor indexes started the new trading week lower. The S&P 500 slid 0.28% to close at 7,652.86, while the tech-focused Nasdaq Composite declined 0.76% to end at 25,980.19.
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The Dow Jones Industrial Average was the silver lining, rallying 140.15 points, or 0.26%, to settle at 53,417.16.
Nvidia Corp. (NASDAQ: NVDA) second-quarter earnings report could be the key market catalyst this week.
Investors will later turn their attention to Fed Chair Kevin Warsh’s Friday speech at Jackson Hole, watching for signals about the central bank’s long-term monetary policy plans.
Another Bitcoin Bull Signal?Ali Martinez, a widely followed cryptocurrency analyst and trader, noted Bitcoin reclaiming its 1,130-day simple moving average as support after 80 days.
“Over the past four market cycles, Bitcoin began a new bull market shortly after reclaiming this moving average,” Martinez stated. “If history repeats, the market bottom may already be in.”
Michaël van de Poppe, another popular cryptocurrency researcher, said Bitcoin’s liquidity sweep of recent lows around $76,400, or, in a worst-case scenario, $74,000, could pressure altcoins lower.
Van de Poppe warned that even in a mild correction, altcoins can drop 10%-20% rapidly due to their higher volatility relative to Bitcoin.
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Photo Courtesy: Sodel Vladyslav on Shutterstock.com
Treasury Secretary Scott Bessent threatened on Monday to cut anyone who launders money for Iran out of the U.S. dollar system. Oil fell, Bitcoin rose, and no institution was named.
The promised sanctions have not been imposed. Washington will first send individual countries deadlines to shut down activity it has identified.
Markets Priced a Warning, Not a HitBrent crude slid to $90.44 while West Texas Intermediate lost roughly 2% to $85.76. Traders sold into the news after a two-week rally, as oil prices fell Monday across the energy complex.
Gold went the other way. Spot bullion touched $4,653.23, hovering around its highest level in three months. Bitcoin traded near $78,676, up 1.9% on the day. Iran’s rial hit a record low near 2,020,000 to the dollar.
Brent, WTI, Gold and Bitcoin Price Performances. Source: TradingViewWhat Treasury Actually SignedThe campaign, called Operation Economic Outcast, names five sectors. Digital assets, technology, gold, aviation and shipping.
The determination runs a single page. OFAC Director Bradley T. Smith signed it at 9:25 a.m. Eastern, effective the same day.
It is the first time any country’s crypto sector has been designated. Executive Order 13902 had been used twice before, for financial services in 2020 and petroleum in 2024.
Any person operating in the named sectors can now be blocked, whatever their nationality or location. No firm was designated under the new sectors on Monday.
Crypto did appear elsewhere in the day’s actions. Treasury named Ivan Obukhov, a UAE-based broker for Iran’s shadow fleet of tankers.
Since 2023, he has processed over $100 million in cryptocurrency payments, according to the release. That money paid for Revolutionary Guard oil sales.
That follows a year of pressure. Tether’s kill switch has frozen close to $475 million in Central Bank of Iran stablecoins.
The Bank Test Is Still AheadBessent’s core threat was blunt.
“Any entity that facilitates money laundering on behalf of Iran will be removed from the U.S. dollar system. The clock is ticking.”
The record behind it is thin. Treasury keeps a public list of foreign banks barred from US correspondent accounts. One institution sits on it.
That is Bank of Kunlun, a small lender in Xinjiang, cut off in 2012. The only other case is Bank of Dandong, barred in 2017 over North Korea.
None of China’s four biggest lenders has ever been designated. Since March 2025, Washington has hit five Chinese refineries plus ports and shipping firms. Not one bank.
China still takes around 90% of Iran’s oil exports on Treasury’s own estimate. Asked whether Chinese lenders would be spared, Bessent refused to carve out an exemption.
“If they facilitate transactions and are part of the ecosystem that turns Iranian oil into money, into repression, they will be targeted,” CNBC reported, citing Bessent.
Beijing answered within hours. Foreign Ministry spokesperson Lin Jian said sanctions only escalate tensions. President Xi Jinping is due in Washington in late September. Meanwhile, Iran says it is fully prepared for a new US economic campaign.
🔴 BREAKING: Iran is “fully prepared” for new US sanctions and Washington will not be able to cut off the country’s “financial arteries,” Economy Minister Ali Madanizadeh tells state television. pic.twitter.com/MJzOvux1Ox
— Al Arabiya English (@AlArabiya_Eng) August 24, 2026 Markets will price the threat properly when a name appears under it.
Tether’s Bitcoin mining venture in Uruguay has come to an abrupt end following a protracted disagreement with the country’s state-owned electricity provider over power allocations.
The collapse of the project, estimated by one individual familiar with the details to have involved roughly $120 million in spending, highlights the challenges facing large-scale cryptocurrency mining operations dependent on reliable and expandable energy supplies.
In May 2023, Tether, the issuer of the widely used USDT stablecoin, publicly announced plans to establish Bitcoin mining facilities in Uruguay.
Company executives described the South American nation as a suitable location, citing its substantial renewable energy resources and stable electrical grid.
The initiative formed part of a broader strategy to diversify investments and promote local economic growth through infrastructure development and employment opportunities.
Two mining sites were subsequently developed in the Florida department, with each facility reportedly requiring an outlay of approximately $60 million according to a former contractor involved in the work.Operations initially proceeded without major disruption.
However, tensions emerged over the interpretation of the electricity supply agreement with UTE, Uruguay’s state utility.
Tether’s local subsidiary, known as Microfin, understood a key contractual provision as establishing a baseline power level that could be expanded as mining demand grew.
In contrast, UTE regarded the specified quantity as a firm upper limit that could not be surpassed.
This fundamental difference of opinion became evident by late 2024 and intensified after a change in national administration in March 2025, when newly appointed utility directors adopted a firmer negotiating stance.Efforts to renegotiate the terms continued into the following year.
Microfin eventually halted electricity payments and formally notified UTE in June 2025 of its intention to end the existing contracts.
Although both parties explored a revised memorandum of understanding and updated contract language, which received approval from the utility’s board, representatives from Tether’s side did not appear for the formal signing.
With the agreement left incomplete and outstanding invoices accumulating, UTE disconnected electricity to the mining facilities on July 25, 2025.
By November 25 of that year, Tether informed Uruguayan labor authorities that it would wind down operations at the sites and dismiss the majority of its local workforce.
Microfin later resolved the unpaid electricity bills in December, according to information provided by UTE.
The abandoned facilities now stand as a costly reminder of the venture’s failure, with little tangible infrastructure remaining to demonstrate the scale of the original commitment.
The episode occurs against a backdrop of shifting economics in Bitcoin mining globally, where energy costs and contractual certainty play increasingly decisive roles.
While Tether has pursued mining-related investments in other markets, including renewable projects elsewhere in Latin America, the Uruguay experience underscores the risks of relying on negotiated power arrangements that may be subject to differing interpretations or political transitions. As reported by Reuters, the company did not provide comments in response to inquiries about the matter.
Binance co-founder Changpeng "CZ" Zhao remains bullish on Bitcoin (CRYPTO: BTC) and crypto over the long term, but warned investors against going “all-in.”
Not “All-In,” But Dollar Cost AveragingSpeaking during the Bali Clubhouse 2026 AMA on Sunday, Zhao was asked what the 2026 equivalent would be of his decision to sell his apartment and buy Bitcoin in 2014.
"I would not tell anyone to sell their apartment to go all in," Zhao said, particularly if the property represents most of their wealth.
Instead, CZ recommended dollar-cost averaging, suggesting investors allocate a small portion of income that does not affect their lifestyle toward established cryptocurrencies.
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Zhao said he remains confident that "Bitcoin will continue to grow," alongside BNB (CRYPTO: BNB) and other strong crypto projects, while stressing the significant volatility involved.
Asked whether BTC’s traditional four-year cycle was breaking down, Zhao pushed back.
"I think the four-year cycle still holds very strongly," he said, noting that the current market environment resembles the bear-market phase seen four years earlier.
However, CZ stopped short of predicting exactly what will trigger the next crypto cycle.
Given that Bitcoin’s total supply is capped and the usable supply continues to decrease as coins are permanently lost, CZ deemed Bitcoin a "deflationary asset."
What Will Be Next Major Catalyst?While CZ remains unsure whether AI, real-world assets or DeFi will provide crypto’s next major catalyst, his broader thesis remains bullish.
He is particularly optimistic about RWA tokenization, but said it is difficult to know whether RWAs, tokenized equities, decentralized exchanges or another innovation will drive crypto to its next all-time highs.
Zhao pointed to DeFi’s emergence in 2020 as an example of how quickly new narratives can develop.
CZ expects DeFi, perpetual DEXs and blockchains to remain integral parts of the industry.
"The best way to not be threatened by crypto is just to adopt crypto," he said, drawing a parallel with AI tools that he expects to become broadly available to investors and developers.
Zcash miners are pulling in roughly $727 per megawatt-hour of electricity consumed, a figure that makes Bitcoin mining look like a hobby by comparison. Bitcoin’s Antminer S23 Pro generates approximately $162 per MWh, meaning Zcash is delivering more than four times the revenue on the same unit of power.
The numbers, based on analysis from TheEnergyMag, also dwarf the high-performance computing colocation benchmark of around $222 per MWh. That’s the rate data centers typically earn from renting out rack space to AI and cloud workloads, the business that Bitcoin miners have been pivoting toward as a hedge.
What’s driving the gap The short answer is price. ZEC has been trading in the $800 to $890 range, a dramatic rebound for a coin that spent years languishing well below its 2018 highs. One week in 2026 alone saw a 68.7% jump, the kind of move that transforms mining spreadsheets overnight.
The hardware doing the heavy lifting is Bitmain’s Z15 Pro ASIC, purpose-built for the Equihash algorithm that secures Zcash’s proof-of-work network.
Earlier in 2026, before ZEC’s price rally fully materialized, mining revenue estimates ranged between $373 and $769 per MWh. The current $727 figure sits comfortably in the upper half of that band, suggesting miners are benefiting from sustained price strength rather than a single-day spike.
Institutional capital is noticing Cypherpunk Technologies made what looks like the boldest bet on Zcash mining infrastructure this year. The company closed a $33.33 million equity deal on August 18, 2026, acquiring 4.2 gigasols per second of hashrate. That single transaction gave Cypherpunk roughly 18% of Zcash’s entire network hashing capacity.
Zcash launched in 2016 as a privacy-focused digital asset, using zero-knowledge proofs to shield transaction details.
The math behind the margin A 50% drop in ZEC’s price would push revenue per MWh down toward the $360 range, still above Bitcoin’s current rate but no longer the triple-digit premium miners are enjoying today. A return to 2024-era ZEC prices, when the coin traded well under $100, would make the Z15 Pro a very expensive paperweight.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ethereum experienced one of the biggest technical changes in months, rising from under $2,000 to roughly $2,496 over the course of multiple trading sessions. As a result, the $3,000 target has come back into play, but before that level becomes the default, ETH still needs to overcome substantial resistance.
Ethereum's MagnitudeThe breakout from the extended consolidation between $1,850 and $1,950 is the most significant development. While its major moving averages remained in a bearish configuration, ETH had been stuck below $2,000 for the majority of July and August. That structure was suddenly altered by the most recent impulse.
ETH/USDT Chart by TradingViewAccording to the daily chart, Ethereum has now recovered all of the major moving averages. The biggest technical barrier, the long-term average around $2,140, has been decisively crossed. Shorter averages continue to be significantly lower at $1,934, $1,974, and $2,082, forming a significant support structure below the current price.
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Additional confirmation is provided by volume. One of the biggest volume spikes seen since February coincided with the first breakout candle, indicating that significant market participation rather than thin liquidity supported the move. Nevertheless, the same acceleration causes a temporary issue. Ethereum is now firmly in overbought territory as the daily RSI has reached about 80.
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Additionally, without creating much support between $2,150 and $2,400, ETH has increased by about 30% from its pre-breakout range. Therefore, even in a bullish continuation scenario, a correction or sideways consolidation would be typical. The most recent advance has momentarily halted at $2,500–$2,550, which is the immediate resistance.
A daily close above this region might reveal $2,600, with the $2,700–$2,800 range coming next. After that, $3,000 becomes technically feasible, which is an additional 20% increase over current prices. Ethereum should ideally defend $2,400 on shallow pullbacks in order to preserve the bullish structure.
The more crucial structural support lies between $2,140 and $2,200. $3,000 is still a reasonable medium-term goal rather than an impractical extension as long as ETH stays above that recovered long-term resistance zone.
Bitcoin Making a ComebackAlthough Bitcoin has made a strong comeback toward $79,000, the pace of the move has made room for a significant short-term decline. Even though Bitcoin's technical structure has significantly improved, a return to the $70,000 range should not be discounted. After starting from the $63,000-$65,000 consolidation range, BTC is currently trading at about $78,700.
BTC/USDT Chart by TradingViewIn just a few days, the breakout caused a significant increase in volume and propelled Bitcoin through multiple significant moving averages. Above all, Bitcoin recovered the long-term moving average at $71,765, which had served as resistance all summer. The medium-term picture is significantly improved by that breakout.
Nevertheless, without creating significant support between $72,000 and its current price, Bitcoin is currently almost 10% above this long-term average. Additionally, momentum appears stretched. The daily RSI is well within overbought territory, hovering around 82.
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An elevated RSI shows that Bitcoin has moved significantly faster than its underlying trend, but it does not always indicate an immediate reversal, especially during strong breakout phases. The first support, which corresponds to the recent consolidation after the initial vertical move, is situated between $76,000 and $77,000.
Bitcoin may be able to challenge $80,000 and eventually reach the May high of about $82,000 if this area is maintained. However, the $71,000–$72,000 range would be the focus of a deeper correction. The long-term moving average is currently close to $71,765, making this area especially crucial.
Bitcoin could verify whether previous resistance has truly turned into support by conducting a retest. The $67,000–$68,500 cluster, which has multiple shorter moving averages, is another significant support zone below that. Therefore, Bitcoin's comeback would not necessarily be invalidated by a move toward $70,000.
A retest of the breakout area might actually result in a more robust technical structure following such a sharp increase from roughly $64,000 to nearly $80,000. If Bitcoin fell below $70,000 and then failed to regain the long-term moving average, that would be a more serious warning.
Shiba Inu May Have More UpsideShiba Inu is demonstrating that, despite strong resistance near the long-term moving average, its most recent recovery may still have more room to grow. As a number of technical indicators continue to improve, SHIB is currently trading close to $0.00000543, holding onto the majority of the gains made during its most recent breakout.
SHIB/USDT Chart by TradingViewThe most significant development occurred when SHIB surged from roughly $0.00000445 to momentarily reach $0.00000620. The token was pushed through its short- and medium-term moving averages almost instantly by that move, which carried significant volume. The long-term moving average at $0.00000574, however, was directly hit by the rally.
SHIB produced a long upper wick and subsequent correction after briefly trading above it but failing to gain a daily foothold. This indicates that the main resistance zone is between $0.00000570 and $0.00000600. The recovery is not necessarily threatened by the rejection itself. SHIB is still above the orange moving average near $0.00000494, while the shorter averages are located at roughly $0.00000486 and $0.00000460.
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SHIB has created a significant technical buffer above a number of trend indicators for the first time in months. Another attempt is supported by momentum. The RSI is currently at about 62, which is lower than the overbought readings produced during the initial spike.
Another attack on $0.00000574 becomes feasible after that. $0.00000600–$0.00000620 would be exposed by a confirmed breakout above the long-term moving average, with the May resistance at $0.00000650 coming next. If SHIB loses $0.00000520, the negative scenario begins. The most crucial immediate support in that scenario is $0.00000490.
If that level is lost, the breakout will be significantly weakened and SHIB may return to $0.00000460. Although SHIB has not yet fully reversed its trend, its structure has undoubtedly improved. A further push above $0.00000574 would offer much more convincing proof that buyers desire more than a short-term respite.
Ethereum registered one of the largest technical movements in recent months, rallying from below $2,000 to approximately $2,496 over several trading sessions. This surge has revived interest in the $3,000 price target, though Ethereum must overcome considerable resistance for further advances.
Ethereum’s breakout and resistance zonesThe breakout from a prolonged consolidation phase between $1,850 and $1,950 stands as the most significant change in Ethereum’s trend. For much of July and August, ETH stayed below $2,000 while its major moving averages retained a bearish structure. The recent strong upward impulse has shifted this landscape.
On the daily chart, Ethereum has now closed above its main moving averages. The key long-term average, positioned around $2,140, has been decisively surpassed. Meanwhile, shorter-term moving averages at $1,934, $1,974, and $2,082 now create a notable support area beneath the current price.
Volume also reinforces the technical improvement. One of the largest spikes since February coincided with Ethereum’s initial breakout, suggesting that the rally drew broad participation. At the same time, the move has pushed ETH into overbought levels, with the daily relative strength index (RSI) reaching approximately 80.
The rapid increase, with ETH gaining about 30% from its prior range, left little time for new support to form between $2,150 and $2,400. Even if the broader trend remains positive, a pullback or consolidation in this region would be a typical occurrence following such an advance. Ethereum now faces immediate resistance between $2,500 and $2,550.
A daily close above $2,550 could open the way to $2,600, with $2,700 to $2,800 as subsequent targets. Only after these levels are cleared does the $3,000 objective come into realistic play. Ideally, Ethereum would hold $2,400 on pullbacks to sustain its bullish momentum.
The most crucial structural support now lies in the $2,140 to $2,200 area. As long as ETH maintains levels above this former resistance, the $3,000 target remains possible in the medium term.
LevelCurrent Status$2,140Key structural support$2,400Supports bullish momentum$2,550Immediate resistance$2,700–$2,800Potential next resistance$3,000Medium-term targetEthereum decisively broke past its long-term moving average at $2,140, attracting large trading volumes and restoring the possibility of a $3,000 move, provided it maintains key support levels during the next phase.
Bitcoin surges, but correction risk remainsBitcoin has also shown renewed strength by approaching $79,000. Despite this resurgence, the pace of the move suggests that a short-term correction cannot be ruled out. Bitcoin climbed from the $63,000–$65,000 box to currently trade near $78,700.
This breakout was accompanied by significant increases in trading volume, helping BTC pass multiple major moving averages. The long-term average at $71,765, which had capped prices all summer, now serves as a key reference point above the medium-term technical outlook.
However, with Bitcoin trading nearly 10% above this core moving average and daily RSI at about 82, momentum indicators signal that the market is overheated. While such conditions do not guarantee a sell-off, they frequently precede a cooling-off period or pullback.
Short-term support is seen between $76,000 and $77,000, in line with recent consolidation following the immediate vertical rally. Holding this area may allow a test of $80,000 and possibly the May high of roughly $82,000. In case of a deeper correction, the $71,000–$72,000 zone—near the long-term moving average—becomes crucial.
A retest of the $71,765 area could help confirm its transformation from resistance to support. Additional backup exists between $67,000 and $68,500, where shorter moving averages converge. As a result, even a move toward $70,000 would remain within the bounds of a healthy technical retracement.
Bitcoin’s sharp recovery from $64,000 to nearly $80,000 establishes key support zones but leaves the asset vulnerable to a short-term move back to $70,000, especially if momentum fades and supports are tested.
Shiba Inu targets further growth after breakoutShiba Inu, the widely followed meme coin, is signaling the potential for additional advances, despite encountering resistance at its long-term moving average. At present, SHIB is priced close to $0.00000543 and retains most of its gains from its recent upward move.
SHIB surged from approximately $0.00000445 to briefly touch $0.00000620 in a wave of high trading volume. This rally pushed the price through short and medium-term moving averages, yet the ascent stalled at the long-term average near $0.00000574.
After touching this resistance, SHIB produced a prominent upper wick followed by a correction. Key resistance now stands between $0.00000570 and $0.00000600. Despite this setback, SHIB continues to trade above its crucial support levels, including the orange moving average around $0.00000494 and shorter spans at roughly $0.00000486 and $0.00000460.
Momentum also supports the possibility of another upward push. SHIB has created a solid technical buffer over its trend indicators, with RSI currently at 62, notably lower than during the initial rally. Sustained strength above $0.00000574 could expose $0.00000600–$0.00000620 as new targets, followed by the May resistance at $0.00000650.
If immediate support at $0.00000520 is breached, downward pressure may increase, making the $0.00000490 level crucial to maintain the breakout’s structure. A further move below $0.00000460 would undermine the bullish setup. Although the overall trend has not fully reversed, SHIB’s technical posture has improved with recent movements above key averages.
Mini dictionary: Moving average, a technical indicator that smooths out price data by creating a constantly updated average price, helping traders identify trend direction and support/resistance levels.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Crypto markets are holding on to their recent gains today. However, high leverage and rising geopolitical tension are keeping prices choppy. Phantom is ending support for Sui. Additionally, the US is tightening financial pressure on Iran. Bitcoin is still below an important technical level that could determine whether the recent rally continues to grow.
Phantom to End Sui Support on September 24Phantom will stop supporting the Sui network on September 24, 2026, following a decision made with the Sui team. Users will not lose their funds. However, they need to move Sui assets to another compatible wallet or swap them for assets supported by Phantom before the deadline. Phantom is also offering fee-free swaps. In addition, it will provide in-app migration guidance.
Phantom and Sui have decided to end Sui support on Phantom on September 24, and leave open the opportunity to explore other collaborations in the future.
Your funds remain safe and fully under your control. Before 9/24, you can move your wallet to another app that supports Sui,…
— Phantom (@phantom) August 24, 2026 The move comes only about 20 months after Phantom launched Sui support in January 2025. It also follows the wallet’s recent decision to drop Monad, hinting Phantom may be narrowing its supported network list.
US-Iran Tensions Add Another RiskUS Treasury Secretary Scott Bessent has announced an aggressive new financial campaign against Iran, targeting the country’s economic lifelines. He also warned nations that continue doing business with Tehran that they could face isolation. Iran has responded by warning Gulf countries against cooperating with Washington. Iran is also threatening consequences.
BREAKING: US Treasury Secretary Bessent announces the US is launching "the single greatest financial offensive ever marshalled against an adversary" against Iran, per FT.
Bessent implies the US will directly target China and Gulf states, saying "any nation that serves as a…
— The Hormuz Letter (@HormuzLetter) August 24, 2026 For crypto, the main concern is the potential impact on oil prices, inflation and global risk sentiment. Any fresh escalation around the Strait of Hormuz could increase market volatility and make investors more alert toward risk assets.
Bitcoin Still Has to Clear a Major LevelThe broader crypto market is currently valued at around $2.7 trillion. It is up about 0.9% over 24 hours. Meanwhile, Bitcoin dominance remains around 59.3%.
Best week since March 2023, up 23.6%. And bitcoin is still under the 50 week average at 81,822. Last Sunday I said I wanted a close above that line before calling the trend turned. Not yet. pic.twitter.com/HXozAZszxC
— VirtualBacon (@virtualbacon) August 24, 2026 Bitcoin’s recent rally has been strong. However, analyst VirtualBacon argues that the trend has not been fully confirmed yet. He points to the $81,822 50-week average as the level BTC needs to reclaim on a weekly closing basis before calling the broader trend decisively bullish. Bitcoin is currently trading around $77,030. Its 24-hour trading volume stands at about $33.98 billion.
Hyperliquid Shorts Add Another Pressure PointWintermute has reportedly increased its Hyperliquid short exposure from $146.19 million to $190.77 million, with positions in ETH, BTC, SOL, HYPE and XRP. That creates another potential source of volatility if prices move sharply against those positions.
WINTERMUTE IS DOUBLING DOWN ON SHORTS WHILE MOVING HUGE FUNDS TO BINANCE 🐻
They have deposited millions more into Hyperliquid and increased their short exposure from $146.19M to $190.77M, adding ~$44.58M in shorts since our last update.
— Onchain Lens (@OnchainLens) August 23, 2026 Hyperliquid remains one of the market’s strongest performers and recently reached new highs. The project is also gaining attention after Trump backed efforts to make Hyperliquid available legally in the US. Its HyperEVM adds an Ethereum-compatible layer to its derivatives-focused ecosystem. While this is promising, the ecosystem is still waiting for more meaningful on-chain applications.
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The Securities and Exchange Commission (SEC) has sent subpoenas to major Wall Street banks over their dealings with Situational Awareness, the artificial intelligence (AI) hedge fund that nearly collapsed last month.
Three people briefed on the outreach described the requests to the New York Times. Regulators want trade timing data and lender communications. The fund has not been accused of wrongdoing.
SEC Investigation Targets the Leverage Paper TrailThe subpoenas went to banks that cleared the fund’s trades and financed its positions. Bank of America, Citi, Goldman Sachs, and JPMorgan Chase ranked among its largest counterparties, according to a regulatory filing.
Investigators asked for the timing of specific trades. They also requested messages the banks exchanged with the fund about borrowed money, and told them to preserve every record tied to the San Francisco firm.
All four banks declined to comment. So did the SEC. A Situational Awareness spokesman said scrutiny of this kind was predictable.
“It is to be expected that regulators would closely examine any funds that are high profile, produce significant returns or have particularly dramatic drawdowns,” Situational Awareness said in a statement.
The timing lands as bank executives flag hidden borrowing across markets. JPMorgan chief Jamie Dimon warned this month that margin debt hit records.
A $30 Billion Book That Unwound in DaysAt its peak the fund ran more than $30 billion and borrowed tens of billions more. Leopold Aschenbrenner, a 24-year-old former OpenAI researcher, founded it roughly two years ago.
Filings show the strategy turned far more aggressive before it broke. Protective put options worth $8.5 billion in March had largely disappeared by June 30, replaced by $12.5 billion in outright long positions.
AI names then dipped in late July while the traditional tech stocks the fund had shorted climbed. Margin calls followed, the portfolio fell about 67%, and Citadel bought the public book at a roughly 10% discount.
Bitcoin Miners Were Caught in the MiddleCrypto investors absorbed part of that unwind without knowing it. Mining stocks had grown to a quarter of the book, reaching $1.99 billion in the final 13F filing.
Core Scientific, Riot Platforms, and IREN led those positions. Ken Griffin’s firm has since cleared the miner overhang through nearly 100 block trades.
Any SEC investigation at this stage may never produce a case. The documents it gathers, however, could show how long the banks funded one concentrated AI bet before withdrawing credit.
Situational Awareness still holds a stake in Anthropic, which is weighing a public listing. That position now stands as the clearest measure of what survived July.
Bitcoin could be heading for another major move, with BitMEX co-founder Arthur Hayes expecting BTC to reach $126,000 by the end of 2026. His bullish view is based less on crypto hype and more on a growing global debt problem, rising pressure on bond markets and the possibility of fresh liquidity from central banks.
In a recent interview he revealed that the current crypto market 2026 could eventually hit a point where policymakers have little choice but to inject more money into the system, creating a strong setup for Bitcoin.
Debt Could Become Bitcoin’s Biggest CatalystHayes sees the growing U.S. debt burden as one of the biggest issues facing markets. With around $40 trillion in U.S. debt and rising interest costs, he argues that keeping rates high for too long could put more pressure on Treasury markets.
The recent increase in Treasury buybacks, is seen an early sign that officials are willing to step in if yields move too high.
That means more liquidity more dollars chasing risk assets, and Bitcoin could be one of the prime beneficiaries.
Why FIMA Could Change the GameHayes is also following the Fed’s FIMA repo facility. Countries such as Japan hold huge amounts of U.S. Treasuries but may eventually need to sell those assets and bring capital back home.
A large wave of Treasury selling could push yields higher and create problems across global markets.
Hayes said the Fed could instead provide dollars against those Treasury holdings, allowing foreign governments to access liquidity without aggressively selling their bonds.
If that facility is expanded significantly, Hayes sees it as a potential new source of dollar liquidity, and a major positive for Bitcoin.
What If Bitcoin Falls to $35K?Hayes also outlined a much more painful scenario. If Bitcoin suddenly crashes to $35,000 because of forced selling or a major liquidation event, he does not necessarily see it as the start of another long bear market.
Instead, he sees it might become the capitulation candle investors have been waiting for, similar to March 2020.
In short, if policymakers respond with fresh liquidity, this will be a buying opportunity rather than a reason to abandon Bitcoin.
On the other side, if liquidity expands while Bitcoin is already breaking higher, he expects momentum to accelerate. Then in that case a move toward $120,000 potentially turns into a much larger rally because many investors remain underallocated to BTC.
For 2026, his realistic target is $126,000, taking Bitcoin above its previous all-time high.
Beyond that, Hayes sees the possibility of BTC eventually reaching $500,000 if global liquidity keeps expanding.
For him, the main risk is not another crypto crash but a major disruption such as war or a cyberattack that takes down critical infrastructure.
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TLDR Bitcoin price surged about 22% from the mid-$63,000s to nearly $79,000 before consolidating. Coin-denominated open interest fell about 11% to roughly 312,600 BTC, showing leverage did not rise with price. CryptoQuant said fresh capital entered the market without a major increase in leveraged positions. Nearly $1 billion flowed into U.S. spot Bitcoin ETFs over a recent three-day period, supporting spot demand. Short liquidations helped accelerate the rally, while Bitcoin now faces major resistance near the $80,000 level. Bitcoin (BTC) price has climbed sharply from the mid-$63,000s in mid-August to around 77,000–78,000 by August 23–24. The move briefly pushed Bitcoin price near $79,000 before the market started to consolidate.
The rally has drawn attention because several market indicators show lower leverage even as price advanced. Analysts are now watching whether spot demand can support the move above a major resistance zone.
Bitcoin Price Rises as Open Interest Drops Santiment reported that coin-denominated open interest fell about 11% to roughly 312,600 BTC. That level marked a one-month low even as Bitcoin moved to fresh local highs.
BTC just rallied ~22% and the leverage came off. Open interest, measured in coins, is at a one-month low.
📈 Price went from ~$63.5K on average across Aug 12 to 18 to ~$77.7K on Aug 23.
📉 Coin-denominated open interest went the other way, from ~353,500 BTC over that pre-rally… pic.twitter.com/m5S403702q
— Santiment Intelligence (@SantimentData) August 24, 2026
Dollar-denominated open interest still rose about 8%, mainly because Bitcoin became more expensive. Santiment said leverage did not rise with price, which reduced signs of a classic leverage-led rally.
CryptoQuant reported a similar trend during the broader Bitcoin advance. The firm said fresh capital entered the market while leverage stayed controlled, pointing to stronger spot demand.
Its analysts said rallies supported by new money and limited leverage usually have a firmer structure. The data showed buyers entered while traders did not add large amounts of new borrowed exposure.
Glassnode reported that almost $1 billion moved into U.S. spot Bitcoin ETFs over a recent three-day period. It was the strongest three-day inflow since Bitcoin last traded above $80,000.
Spot Bitcoin ETF inflows: X The ETF flows added another source of demand during the rebound. Institutional buying through regulated funds may have helped support the market while derivatives activity remained less aggressive.
Short Squeeze Meets Major Resistance Anthony Pompliano said the advance also involved a large short squeeze. Liquidations forced bearish traders to close positions, helping Bitcoin move through resistance as prices accelerated.
Bitcoin is ripping due to the largest short squeeze in bitcoin's history.
But there are two other developments this week worth watching too… pic.twitter.com/1K08Qv7Hen
— Anthony Pompliano 🌪 (@APompliano) August 23, 2026
Rekt Capital remained cautious as Bitcoin approached the top of its long-running 60,000–80,000 range. He noted that earlier relief rallies often reversed after sharp moves, making the next several weeks important for market structure.
#BTC
Bitcoin is right at resistance (red)
Each Bear Market Relief Rally thus far would retrace sharply in the week following a strong breakout rally
Next weeks will be crucial
But maybe even already next week we'll know whether Bitcoin can sustain these highs or not$BTC… https://t.co/JaoTYb6yI3 pic.twitter.com/SoNLv82pzU
— Rekt Capital (@rektcapital) August 23, 2026
Bitcoin price action shows both short-covering and real spot demand. Lower coin open interest, ETF inflows, and reduced leverage suggest the rally was not driven only by derivatives.
The next test is whether buyers can keep Bitcoin above recent breakout levels. Sustained demand near $80,000 could help confirm strength, while weaker flows could leave the market open to a deeper pullback.
Bitcoin rose slightly, staying below Friday's three-month high but remaining elevated.
The recent rally is helped by improving liquidity expectations, lower regulatory risk premium, and forced short-covering-in which investors close earlier bets against an asset as it strengthens, Zaye Capital Markets analyst Naeem Aslam said in a note.
"U.S. Treasury action to increase purchases of longer-dated securities helped pull yields lower and improve risk appetite, while President Trump's renewed push for clearer digital-asset legislation has strengthened expectations that institutional participation could become easier," Aslam said.
Abraxas Capital, Fasanara Capital, and Wintermute still hold over $600 million in short positions in Bitcoin (BTC) and Ethereum (ETH).
Blockchain tracker Lookonchain identified the positions as market maker hedging accounts. Their liquidation prices sit far above current market levels.
Liquidation Prices Sit Far Above SpotThe crypto market rally, fueled by policy moves, triggered a wave of short liquidations. BeInCrypto reported that on August 19, short sellers lost $1.3 billion within 60 minutes as Bitcoin climbed 2.5%.
The broader sell-off in bearish positions intensified, with short liquidations reaching $2.74 billion as 172,202 traders were liquidated. Short sellers then lost another $1.06 billion over the following 24 hours.
Lookonchain said the largest remaining on-chain short positions now appear to belong to market makers’ hedging accounts.
“It seems that all the big whales have been liquidated in this price surge! Currently, the largest short positions on the blockchain are held by market makers’ hedging accounts,” Lookonchain posted.
The three firms hold short positions of 138,569 Ethereum (ETH) worth $338 million and 3,425 Bitcoin (BTC) worth $265 million.
Abraxas Capital runs the largest book. Its two ETH shorts liquidate at $4,008 and $3,958, while spot trades near $2,440.
Its BTC shorts liquidate at $128,521 and $140,437 against a $77,381 spot price. Wintermute’s Bitcoin position survives until $251,307.
No position faces liquidation unless Bitcoin climbs 66% or Ethereum climbs 62%. That distance explains why the squeeze passed them by.
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Wintermute Added Shorts as Losses MountedAbraxas Capital carries roughly $58 million in unrealized losses across its four positions. The firm has not closed any of them.
Fasanara Capital sits 18.87% underwater on a $74.81 million ETH short at 15X leverage. Wintermute remains marginally profitable on both assets, according to Lookonchain data.
Separately, Onchain Lens tracked Wintermute raising short exposure on Hyperliquid. That book shows $5.85 million in unrealized losses across various assets.
WINTERMUTE IS DOUBLING DOWN ON SHORTS WHILE MOVING HUGE FUNDS TO BINANCE 🐻
They have deposited millions more into Hyperliquid and increased their short exposure from $146.19M to $190.77M, adding ~$44.58M in shorts since our last update.
— Onchain Lens (@OnchainLens) August 23, 2026 The latest data suggests the remaining short exposure is less a broad bearish bet and more a reflection of market-making and hedging activity.
With liquidation levels still far above current prices, the positions are unlikely to face immediate pressure unless Bitcoin and Ethereum extend their rally significantly.
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Bitcoin (BTC) price is up by 1.03% today, August 24, to trade at $77,942 at the time of writing. The king coin now remains in a tight range between $77,000 and $78,000, with the weak momentum coming days before the Chair of the Federal Reserve, Kevin Warsh, gives his first speech at the Jackson Hole Symposium that will take place between August 27 and August 29.
Fed Chair to Make His First Speech at Jackson Hole Warsh will speak at the Jackson Hole event that is taking place in Wyoming on August 28, where he will also meet with economists and other central bankers to discuss monetary policy decisions.
Markets are already questioning whether the Fed Chair’s speech will hint about possible rate hikes before the end of 2026, considering that the US debt has risen to $40 trillion, and the US-Iran war is causing an increase in inflation.
Analyst Walter Bloomberg notes that Warsh will likely maintain a neutral tone during the symposium. However, Walter also notes that 7% of investors are still expecting him to have a dovish stance, especially now that US inflation dropped from 3.5% in June to 3.4% in July.
The speech is also expected to affect the US bond market that recently saw a massive sell-off despite US Treasury Secretary Scott Bessent saying that the US government will buy back bonds. CNBC notes that US Treasury yields are already dropping ahead of Warsh’s speech.
Bitcoin Price Forecast Ahead of Jackson Hole The price of Bitcoin is trading within a falling wedge pattern on the one-hour chart. This pattern suggests that the drop from $79,000 to $77,000 could ease, and an uptrend could resume.
Bitcoin had also moved above the resistance of this wedge pattern at $77,800 at the time of writing. However, it still needs to close above this resistance to confirm a bullish future Bitcoin outlook.
If Warsh makes a dovish speech at Jackson Hole and hints that the Fed is no longer considering increasing interest rates, the price of Bitcoin could move to the 161.8% Fib of $81,900.
However, if the speech increases the odds of the Fed hiking rates, BTC might drop to the support at $75,500.
Bitcoin Price Chart (Source: TradingView) The RSI reading at 54 suggests that the momentum is favoring bulls, and this could support the potential move to $81,900. The AO bars that are green and growing in length also support a bullish outlook.
Fresh Money is Supporting BTC’s Rally as Analyst Spots Bull Cycle Data from CryptoQuant shows that the amount of money in the Bitcoin market has increased from $20.6 billion to $24.9 billion. Analyst Woominkyu notes that the money is not coming from borrowed funds, with this suggesting that Bitcoin’s gains are not because of leverage.
“Rallies driven by borrowed money tend to end violently, because lenders can force-sell positions when prices dip. A rally where fresh money arrives without growing leverage is built on firmer ground,” the analyst said.
Bitcoin Price Chart (Source: TradingView) This bullish outlook comes as another analyst Ali Chart notes that Bitcoin’s bull cycle has started because BTC created a “god” candle when the price gained by 23% in three trading days.
These bullish projections will likely play out if the Jackson Hole Symposium reveals that the Fed is leaning dovish, with such a shift set to boost the demand for risk assets like BTC.
Bitcoin surpassed the $80,000 level, reaching its highest price since May 15th, following strengthening buying in the cryptocurrency market. Binance data shows the BTC/USDT pair exceeding the $80,000 mark during the day, and after the rise, Bitcoin is currently trading around $79,670.
According to CoinMarketCap data, Bitcoin has gained approximately 3.2% in the last 24 hours and 24.47% in the last seven days. Bitcoin’s total market capitalization has reached $1.59 trillion, while its 24-hour trading volume was recorded at $46.85 billion.
One of the key developments supporting the market rally was expectations regarding the US Treasury bond market. A senior US Treasury official indicated that the Treasury could use approximately $1 trillion in funds in its Treasury General Account (TGA) to support the expansion of its recently announced bond repurchase program.
It is believed that if TGA resources are used for bond buybacks, the US Treasury could have a stronger impact, particularly on long-term bond yields. A potential decline in long-term interest rates has strengthened expectations of easing financial conditions and supporting the valuations of risky assets, including Bitcoin.
The strong upward trend that has been noticeable on the Bitcoin chart in the last few days accelerated again today. Starting from around $77,000, BTC’s movement quickly extended to $80,000. Thus, Bitcoin retested the $80,000 level, which has been followed as an important psychological resistance in recent months.
The rise wasn’t limited to Bitcoin alone. Ethereum increased by 3.04% in the last 24 hours to $2,513, BNB rose by 2.49% to $713, and Solana increased by 1.84% to $97.20. XRP is trading at $1.52, Dogecoin at $0.092, and Chainlink at $11.73.
Weekly performance shows even stronger movements. Ethereum has risen by approximately 31.78%, XRP by 51.73%, Solana by 28.19%, Dogecoin by 31.13%, and Cardano by 28.81% in the last seven days. Hyperliquid’s HYPE token gained 34.92% on a weekly basis, while Zcash reached $851 with an increase of approximately 65.76%.
The rapid rise in Bitcoin has put investors, particularly those holding short positions in the futures market, in a difficult position. In the last hour alone, a total of $23.03 million worth of positions were liquidated in the cryptocurrency market, with $19.28 million being short positions and $3.75 million being long positions.
The total liquidation amount in the last four hours has risen to $185.26 million. During this period, $116.96 million worth of short positions and $68.30 million worth of long positions were closed. In the last 24 hours, the total liquidations in the cryptocurrency market reached $376.19 million. Of this, $218.86 million was accounted for by short positions and $157.33 million by long positions.
*This is not investment advice.
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Bitcoin (CRYPTO: BTC) added about 20% in market capitalization in a week, yet a prominent expert argues its investment case goes far beyond a reflexive short squeeze.
Speaking with Scott Melker in a podcast on Sunday, Abra CEO Bill Barhydt pointed to U.S. Treasury efforts to support the long end of the bond market, a weaker dollar and a changing yield curve as signs that financial conditions are becoming more supportive of risk assets.
Barhydt sees Bitcoin reaching $85,000 before a leverage reset pulls it toward the low $70,000s, followed by a gradual climb to $100,000 to $110,000.
He also expects altcoins to begin outperforming once Bitcoin moves beyond that initial leverage-driven phase.
Why BTC Sits Under An AI-Driven Financial SystemBarhydt’s longer-term thesis goes well beyond Bitcoin price action.
Abra has launched USDAF, a yield-bearing stablecoin token, and is testing BTCAF, a Bitcoin-based yield product. Barhydt said the broader goal is to create cross-chain assets that can function as collateral across lending, perpetual futures and other financial markets.
Barhydt believes stablecoins may initially dominate machine payments, but Bitcoin could eventually emerge as the preferred reserve collateral underneath those transactions.
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As Bitcoin volatility declines and cross-chain infrastructure improves, AI systems could hold BTC while borrowing or transacting through dollar-denominated assets.
"Bitcoin becomes the pristine collateral," Barhydt said, arguing that its fixed supply could become increasingly attractive in an AI-driven economy.
Ethereum, Solana Boast Specialized Use CasesBarhydt expects Ethereum to remain important for institutional blockchain adoption, while Solana could dominate consumer-facing applications and other networks develop specialized use cases.
He added that Ethereum’s macro setup "couldn’t be better," with the network remaining the preferred chain for institutional adoption.
Barhydt added that Solana is "winning mindshare" for retail dApps due to its low costs and high performance.
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TLDR: The Strive Bitcoin treasury reached 21,356 BTC after the company bought 1,110 coins for $81.5 million at an average $73,409. Cash increased to $171.9 million during the purchase week, showing Strive continued raising capital while expanding its Bitcoin balance. Class A shares rose by 3.65 million, making Bitcoin growth per diluted share the key measure for assessing treasury execution. Bitcoin reclaimed the 1,130-day moving average above $74,000, although continued support and spot demand remain necessary for confirmation. Strive expanded its Bitcoin position after buying 1,110 BTC for about $81.5 million between August 17 and August 21. The Strive Bitcoin treasury now holds 21,356 BTC, up from 20,246 BTC one week earlier. The company paid an average $73,409 per coin, including fees and expenses, its latest SEC filing shows.
Meanwhile, Bitcoin traded near $79,400 on Monday after approaching $80,000, according to Coingecko data. That price placed the new coins above their reported acquisition cost. The purchase arrived after Bitcoin reclaimed a watched long-term moving average.
Bitcoin (BTC) Price Strive Bitcoin Treasury Expands With 1,110 BTC Purchase Strive funded the latest acquisition while its cash balance increased. Cash and equivalents rose from $154.8 million on August 14 to $171.9 million on August 21. The change suggests capital raising outpaced spending during the reporting window. It also gives management liquidity for operations, financing costs, or further purchases.
The Strive Bitcoin treasury uses several funding channels. Class A shares outstanding climbed by 3,646,300 to 79,890,888 during the week. SATA preferred shares increased by 441,313 to 8,270,815. Assumed fully diluted shares reached 92,949,226, the filing said.
Strive’s SEC filing Those numbers create a clear test for shareholders. More Bitcoin does not automatically produce more Bitcoin exposure per share. Management must add corporate Bitcoin holdings faster than equity issuance expands the ownership base. Otherwise, headline treasury growth can coexist with weaker per-share economics.
Strive also held 505,000 shares of Strategy’s STRC preferred stock. Their fair value increased by $707,000 to $48.57 million. That investment and the larger cash balance add financial capacity beyond Bitcoin. Yet the Strive Bitcoin treasury remains the main driver of market attention.
The company says its operating platform manages almost $3 billion across exchange-traded funds and direct indexing. Fee income can support its wider financing model. Its balance sheet approach aims to capture the gap between preferred-stock costs and Bitcoin’s potential long-term return. That spread becomes less favorable if financing costs rise or the Bitcoin price falls.
Bitcoin Reclaim Strengthens the Broader Market Setup Bitcoin’s move improves the valuation of Strive’s purchase. Bitcoin price near $79,400 values the 1,110 coins at $88.1 million. That sits about $6.6 million above the disclosed purchase cost. The entire Strive Bitcoin treasury would carry a market value near $1.70 billion.
The technical picture turned constructive. Analyst Ali Martinez said Bitcoin reclaimed its 1,130-day simple moving average after moving above $74,000 on August 20. The asset had traded below that average for 80 days after losing it on June 1
BITCOIN: ANOTHER BULLISH SIGNAL$BTC has just reclaimed its 1,130-day simple moving average as support, a level that has consistently marked the end of previous bear markets.
Over the past four market cycles, Bitcoin began a new bull market shortly after reclaiming this moving… https://t.co/a5vYLsH6GP pic.twitter.com/Re8TYnDe5o
— Ali Charts (@alicharts) August 24, 2026
Martinez argues that similar recoveries preceded new bull markets across four earlier cycles. Still, historical repetition does not guarantee another advance. A moving-average reclaim needs continued closes above the level, sustained spot demand, and controlled leverage to retain value.
Coingecko data shows Bitcoin reached an intraday high near $79,934. The price action gave the Strive Bitcoin treasury immediate upside against its latest entry. It also lifted the market value of the company’s broader corporate Bitcoin holdings.
Strive’s January acquisition of Semler Scientific had already added about 5,048 BTC. That transaction accelerated the treasury’s scale before the latest open-market purchase. The new buying now places more capital behind the same directional exposure.
Investors therefore have two separate variables to track. The first is whether the Bitcoin price can hold the reclaimed long-term average. The second is whether Strive can increase Bitcoin per diluted share.
A rising coin balance may attract attention, but the funding structure determines shareholder results. The latest filing shows both sides clearly: 1,110 more BTC and 3.65 million additional Class A shares. Future updates will show whether Strive Bitcoin treasury growth stays ahead of dilution.
Strategy Inc., the company that reinvented itself from a sleepy business intelligence firm into a Bitcoin accumulation machine, just quietly muscled its way past Microsoft and Meta in daily trading volume. On August 19, MSTR moved 49.2 million shares. The next day, it pushed another 46.9 million.
Those numbers made it the 10th-most actively traded stock in the US on those days, beating out companies with market capitalizations many times its size. For context, Strategy’s market cap sits somewhere between $45 billion and $47 billion. Microsoft’s is measured in trillions.
Volume that doesn’t match the market cap The stock’s 30-day average volume has been running between 22 million and 25 million shares. That means the August 19 spike represented roughly double its normal turnover in a single session.
This isn’t entirely new territory for MSTR, though. Earlier in 2025, the stock averaged nearly 24 million shares per day, which at the time ranked it sixth among the so-called Magnificent 7 stocks by volume.
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The stock’s 52-week range tells part of the story. MSTR has traded as low as roughly $81.81 and as high as approximately $365.21 over the past year. Recent prices have hovered around $119 to $120, which places the stock closer to its 52-week low than its high.
Why this stock trades like a leveraged ETF Strategy’s transformation under executive chairman Michael Saylor turned what was a conventional software company into something the market had never really seen before: a publicly traded vehicle whose primary purpose is acquiring and holding Bitcoin on its balance sheet.
That corporate strategy, which began in 2020 when the company was still called MicroStrategy, has made MSTR a de facto proxy for Bitcoin exposure in traditional equity markets. Investors who want Bitcoin-adjacent returns without touching a crypto exchange or managing wallet keys can simply buy shares.
The company has also been active on the capital markets side, using share issuance and other liquidity management tools to fund its ongoing Bitcoin purchases.
What this volume surge signals When a $45 billion to $47 billion company consistently outpaces Microsoft and Meta in share turnover, it suggests a concentration of speculative and strategic interest that’s disproportionate to its size. Both retail and institutional investors appear to be treating MSTR as one of the most actively traded instruments in the entire US equity market.
A stock with a 52-week range spanning from roughly $82 to $365 is not for the faint of heart. The company’s fortunes are tightly linked to Bitcoin’s price trajectory, and any sustained downturn in digital assets would likely hit MSTR harder than a diversified tech company.
Previous episodes of elevated trading in MSTR have tended to cluster around periods of heightened Bitcoin volatility or major corporate announcements, then gradually normalize.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Strive purchased 1,110 Bitcoin for about $81.5 million last week, bringing its total holdings to 21,356 BTC. According to a Monday filing with the US Securities and Exchange Commission, the company paid an average of $73,409 per Bitcoin (BTC), including fees and expenses, for purchases made between Aug. 17 and Aug. 21.
Strive’s cash and cash equivalents rose by $17.1 million to $171.9 million over the period, while its Class A shares outstanding increased by 3.65 million to 79.89 million. Bitcoin was trading near $79,000 on Monday, about 8% above the average price Strive paid for its latest purchase.
The purchase lifted Strive to the seventh-largest publicly traded corporate BTC holder, behind Bullish and ahead of SpaceX, according to BitcoinTreasuries.NET data. Its Nasdaq-traded ASST shares were up more than 11% in Monday morning trading, poised to extend their roughly 36% year-to-date gains, according to Yahoo Finance data.
“The upside is not simply Bitcoin going higher. It is Bitcoin becoming the fastest horse inside an expanding scarcity trade while $ASST is structured to amplify that outcome as much as we can responsibly support,” CEO Matt Cole said in a post on X ahead of Monday’s market open.
Strive operates a Bitcoin treasury strategy alongside an asset management business that manages nearly $3 billion across exchange-traded funds and a direct-indexing platform, according to the company.
It also held 505,000 shares of Strategy’s STRC preferred stock valued at $48.6 million as of Aug. 21.
Strive’s SATA returns to $100 parSATA closed at $100.01 on Friday, returning to management’s targeted $99-to-$101 trading range after falling as low as $83.30 in late June. Strive narrowed the range from $95-$105 to $99-$101 in March and said it would not issue SATA through at-the-market or follow-on offerings below $100.
Strive launched SATA in November 2025, initially selling 2 million shares at $80 each for $160 million in gross proceeds. The variable-rate perpetual preferred stock has a stated amount and initial liquidation preference of $100 per share.
Top 10 publicly traded companies by Bitcoin holdings. Source: BitcoinTreasuries.NET
Unlike Strive’s common stock, SATA is designed as an income product, with a variable dividend rate intended to help keep the shares trading near $100. Strive raised the annualized dividend rate to 13% in April and switched from monthly to daily dividend payments beginning June 16.
SATA is similar to STRC, the variable-rate perpetual preferred stock issued by Strategy, the world’s largest corporate Bitcoin holder. STRC was trading near $97 on Monday, below Strategy’s $100 target, while Strategy reported no Bitcoin purchases for the week ended Aug. 23.
Magazine: Bitget CEO isn’t buying the Bitcoin rally — She’s waiting for $50K
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Strive purchased 1,110 Bitcoin for about $81.5 million last week, bringing its total holdings to 21,356 BTC. According to a Monday filing with the US Securities and Exchange Commission, the company paid an average of $73,409 per Bitcoin (BTC), including fees and expenses, for purchases made between Aug. 17 and Aug. 21.
Strive’s cash and cash equivalents rose by $17.1 million to $171.9 million over the period, while its Class A shares outstanding increased by 3.65 million to 79.89 million. Bitcoin was trading near $79,000 on Monday, about 8% above the average price Strive paid for its latest purchase.
The purchase lifted Strive to the seventh-largest publicly traded corporate BTC holder, behind Bullish and ahead of SpaceX, according to BitcoinTreasuries.NET data. Its Nasdaq-traded ASST shares were up more than 11% in Monday morning trading, poised to extend their roughly 36% year-to-date gains, according to Yahoo Finance data.
“The upside is not simply Bitcoin going higher. It is Bitcoin becoming the fastest horse inside an expanding scarcity trade while $ASST is structured to amplify that outcome as much as we can responsibly support,” CEO Matt Cole said in a post on X ahead of Monday’s market open.
Strive operates a Bitcoin treasury strategy alongside an asset management business that manages nearly $3 billion across exchange-traded funds and a direct-indexing platform, according to the company.
It also held 505,000 shares of Strategy’s STRC preferred stock valued at $48.6 million as of Aug. 21.
Strive’s SATA returns to $100 parSATA closed at $100.01 on Friday, returning to management’s targeted $99-to-$101 trading range after falling as low as $83.30 in late June. Strive narrowed the range from $95-$105 to $99-$101 in March and said it would not issue SATA through at-the-market or follow-on offerings below $100.
Strive launched SATA in November 2025, initially selling 2 million shares at $80 each for $160 million in gross proceeds. The variable-rate perpetual preferred stock has a stated amount and initial liquidation preference of $100 per share.
Top 10 publicly traded companies by Bitcoin holdings. Source: BitcoinTreasuries.NET
Unlike Strive’s common stock, SATA is designed as an income product, with a variable dividend rate intended to help keep the shares trading near $100. Strive raised the annualized dividend rate to 13% in April and switched from monthly to daily dividend payments beginning June 16.
SATA is similar to STRC, the variable-rate perpetual preferred stock issued by Strategy, the world’s largest corporate Bitcoin holder. STRC was trading near $97 on Monday, below Strategy’s $100 target, while Strategy reported no Bitcoin purchases for the week ended Aug. 23.
Magazine: Bitget CEO isn’t buying the Bitcoin rally — She’s waiting for $50K
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Bitcoin has recovered above $79,000 after briefly falling toward $78,200 as President Donald Trump threatened 50% tariffs on Canadian vehicles, automotive parts and steel from Jan. 1, 2027.
Summary
Trump said tariffs on several Canadian automotive and steel imports would rise to 50%. Bitcoin briefly fell toward $78,200 before recovering to about $79,300. U.S.-Canada trade negotiations ended without an agreement after three days of talks. U.S. spot Bitcoin ETFs drew about $1.92 billion during the latest five-session rally. Trump tariffs target Canadian vehicles and steel A Truth Social post published by Trump on Aug. 24 said the United States would raise tariffs on all Canadian cars, trucks, automotive parts and steel to 50% at the start of 2027.
“Build in the U.S. and there are ZERO TARIFFS,” Trump wrote before criticizing Canada’s approach to trade with the United States.
The announcement followed the collapse of negotiations between Washington and Ottawa on Aug. 21. According to Reuters, the proposed agreement would have reduced the main U.S. tariff on Canadian cars and light trucks from 25% to 15%. Duties on Canadian aluminum and steel would also have fallen from 50% to 25%.
Negotiators did not resolve several points, including whether tariff relief would cover medium- and heavy-duty trucks. With no agreement in place, Trump increased the pressure on Ottawa through his latest tariff threat.
Canada, for its part, plans to impose retaliatory tariffs on selected U.S. products from Sept. 8 in response to existing 50% U.S. duties on about $20 billion of Canadian goods. Prime Minister Mark Carney described the dispute as a trade war after the talks failed.
“You’re at war when you get attacked,” Carney said on Aug. 22.
Trump also claimed Canada conducts 95% of its business with the United States, although official trade figures cited by Reuters show Canada sends more than three-quarters of its goods exports to the U.S. and receives almost half of its goods imports from its southern neighbor.
U.S. goods and services trade with Canada totaled $872.3 billion in 2025, making the country one of America’s two largest trading partners. The high level of integration means parts can cross the border several times before a finished vehicle reaches a dealership.
Bitcoin price has recovered from its tariff-driven dip Bitcoin initially moved lower after Trump published the tariff announcement, falling from above $79,000 to around $78,200. Buyers soon absorbed the decline, helping BTC return above the psychological $79,000 level.
At the time of writing, Bitcoin traded near $79,300, up more than 2% over the previous 24 hours. The cryptocurrency also came within roughly $500 of the $80,000 level after reaching an intraday high close to $79,900.
The limited reaction contrasts with Bitcoin’s behavior during earlier tariff disputes. In February, BTC lost the $65,000 support level as new U.S. global duties approached, while the total crypto market value fell as traders reduced exposure to risk assets. Earlier crypto.news coverage of that decline recorded a roughly 5% Bitcoin drop from a previous high of $66,465.
Monday’s price move has been smaller because Bitcoin entered the announcement with strong upward momentum. BTC climbed from about $62,679 on Aug. 17 to a three-month high near $79,500 on Aug. 21, adding almost 27% between the weekly low and high.
After pulling back toward $76,600 over the weekend, the asset resumed its advance on Aug. 24. The latest tariff news briefly interrupted that recovery but did not erase the day’s gain.
Treasury buybacks have supported Bitcoin’s rally Behind Bitcoin’s recent advance, the U.S. Treasury has expanded its liquidity-support buybacks for longer-dated government securities. The department raised the maximum size of each operation from $2 billion to at least $4 billion for bonds in the 10-to-20-year and 20-to-30-year maturity ranges.
Scheduled to take effect on Sept. 9, the revised program will also increase the number of long-end operations from two to four per quarter through Nov. 4. No money has been deployed under the expanded schedule yet.
The announcement prompted a rapid repricing in the bond market. The 30-year Treasury yield fell from a 19-year high of about 5.34% to 5.19%, while the 10-year yield declined to around 4.65%.
As earlier buyback coverage detailed, Bitcoin jumped 8.2% from an intraday low near $64,100 to $69,500 in less than 12 hours after the Treasury disclosed the change. About $1.44 billion in short positions was liquidated across major crypto exchanges during the move, including $1.29 billion within one hour.
The buyback program does not amount to Federal Reserve quantitative easing. The Treasury purchases older and less liquid bonds using proceeds from newly issued debt, changing the composition of government liabilities without reducing the total federal debt stock.
Continued demand through regulated U.S. investment products has provided another source of buying. Spot Bitcoin exchange-traded funds attracted approximately $1.92 billion across five sessions during the latest rally.
On Aug. 20 alone, the funds recorded about $606 million in net inflows after drawing roughly $517 million during the previous session. BlackRock’s IBIT accounted for a large portion of the demand, while the combined assets held by U.S. spot Bitcoin ETFs rose above $90 billion.
Canadian tariffs carry risks for U.S. prices For American consumers and investors, the proposed duties could affect vehicle prices and the earnings of automakers with supply chains spanning the U.S.-Canada border. Canadian plants supply engines, transmissions and other components to assembly facilities in the United States, while U.S.-made parts also move north for vehicle production.
Flavio Volpe, president of Canada’s Automotive Parts Manufacturers’ Association, told Reuters that U.S. assembly plants depend on specific Canadian components and could face production stoppages if the tariff threat disrupts their supply.
Auto industry executives also questioned whether the 50% rate would take effect as announced, noting that Trump has previously withdrawn or revised tariff threats during negotiations. More than four months remain before the planned Jan. 1 implementation date, leaving time for Washington and Ottawa to restart discussions.
Canada’s retaliatory measures are scheduled to begin sooner. Starting Sept. 8, Ottawa plans to apply duties to selected American products in response to tariffs already ordered by the Trump administration, while the White House has not released the detailed rules governing the proposed 2027 automotive levies.
Gold has just climbed to 4,620 dollars an ounce, its highest level in three months. Bitcoin is trading around 78,000 dollars after a rise of about 20% since the U.S. Treasury announcement on August 19. Both assets benefit from the same movement: the dollar falls and investors start looking for alternatives again.
In brief Gold gains about 5% over the week and reaches 4,620 dollars. Bitcoin trades near 78,000 dollars after its recent rally. The dollar index dropped to 98.723 after the U.S. Treasury announcement. Bitcoin and gold benefit from the dollar’s decline The movement contrasts with the beginning of the year, when the strength of the dollar weighed heavily on Bitcoin and the crypto market. This time, the greenback falls. The DXY index dropped to 98.723 on August 19, its lowest level since May 14. A few days later, gold exceeded 4,600 dollars and Bitcoin hovered around 78,000 dollars.
The yellow metal gains about 5% over a week. Futures contracts even approached 4,650 dollars. Ole Hansen, strategist at Saxo Bank, is now watching the 4,770 dollar area. A move above could open the way toward 5,000 dollars an ounce.
Bitcoin follows a different pace. BTC gained nearly 20% in the days following the Treasury announcement. It had still struggled to hold 65,000 dollars a few days earlier. Gold and Bitcoin rise together. The dollar takes the opposite direction.
The U.S. Treasury triggered the movement It all started with the bond market. The yield on 30-year U.S. bonds had reached 5.337%, a 19-year high. The Treasury reacted by doubling its long-term bond buyback program between September and November. Yields then returned around 5.198%. The dollar fell.
These buybacks allow the Treasury to withdraw certain old bonds from the market and replace them with new issuances. This is not Fed quantitative easing. The difference matters. For the markets, the immediate effect still resembles a loosening of financial conditions.
Robert Kiyosaki even sees a new form of money creation here. He has long recommended gold and Bitcoin when U.S. debt rises. The debate between the two assets is not new. Gold and Bitcoin still divide analysts on their ability to serve as a safe haven.
Buyers also do not always come from the same place. Central banks remain very active in gold. Bitcoin attracts more private investors, companies, and listed funds. This week, both camps are buying.
The “debasement trade” returns to the markets The term is circulating again on Wall Street: “debasement trade.” The principle remains quite simple. When investors fear a sustained decline in the value of currencies, they look for assets whose supply does not directly depend on governments.
Gold has fulfilled this role for centuries. Bitcoin is trying to take part of that place. Mohamed El-Erian simultaneously cited BTC near 79,000 dollars and gold above 4,600 dollars among the most notable movements currently.
Not everyone puts them in the same category, though. Robin Brooks, former Goldman Sachs strategist, prefers gold and silver. He believes Bitcoin does not yet benefit from the same status when investors really seek to protect against currency risk.
The market will decide. Bitcoin has at least one very visible advantage in this debate: its cap of 21 million BTC. Gold, for its part, has a much longer history and remains massively held by central banks. Even Robert Kiyosaki continues to put the two in the same basket. He still presents gold and Bitcoin among assets capable of withstanding a monetary crisis. For now, the markets’ message comes down to three figures. Gold: 4,620 dollars. Bitcoin: 78,000 dollars. Dollar index: 98.723. The greenback sits in the middle.
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Lydie M.
Enseignante et ingénieure IT, Lydie découvre le Bitcoin en 2022 et plonge dans l’univers des cryptomonnaies. Elle vulgarise des sujets complexes, décrypte les enjeux du Web3 et défend une vision d’un futur numérique ouvert, inclusif et décentralisé.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Bitcoin has climbed nearly 24% from below $64,000 toward $80,000 as U.S. spot ETF inflows and forced short covering have fueled its strongest weekly advance since March 2023.
Summary
Bitcoin reached a three-month high near $79,550 after rising almost 24% in one week. U.S. spot Bitcoin ETFs attracted approximately $1.9 billion across five consecutive inflow sessions. Analysts said continued spot demand must replace forced buying for Bitcoin to hold above $80,000. A confirmed breakout could bring $85,000–$90,000 into view, while rejection may trigger another correction. Nansen senior research analyst Nicolai Søndergaard told crypto.news that Bitcoin has probably established an important local bottom, although he wants more evidence from U.S. spot markets before treating the rally as a confirmed cycle turn.
Bitcoin traded close to $80,000 on Aug. 24 after advancing from below $64,000 on Aug. 19. The asset reached approximately $79,550 during the run, its highest price since May, according to recent market coverage.
Søndergaard said selling pressure has eased, some whales have resumed selective accumulation, and ETF flows have improved. However, he noted that recent readings still showed weak U.S. spot demand, a price below important holders’ cost bases, and derivatives positions recovering before clear confirmation from cash-market buyers.
“I view Bitcoin’s latest rally as a meaningful improvement in market structure, but not yet as confirmation that the cycle has definitively turned,” Søndergaard said.
Under his base case, Bitcoin is passing through the final stages of a bottoming process rather than beginning a confirmed market-wide advance. Sustained trading above $80,000, once leverage settles, would provide stronger evidence that buyers can support the move without relying on forced position closures.
Bitcoin’s $80K test requires sustained ETF demand Bitget Wallet research analyst Lacie Zhang said ETF purchases, favorable macro conditions and progress on U.S. crypto regulation have given the rally genuine support. Yet she also attributed part of its speed to traders buying Bitcoin to close leveraged bearish positions.
U.S. spot Bitcoin ETFs collected about $1.9 billion during the week ending Aug. 21, including roughly $606 million on Aug. 20, according to figures cited by the analysts. The funds recorded five straight trading days of inflows, providing a source of spot demand as Bitcoin moved through several resistance levels.
Zhang said the market’s next test will arrive after forced covering loses momentum. ETF buyers would need to keep absorbing available supply while lower yields and a softer dollar maintain a supportive setting for risk assets.
“The latest move looks real, but it is also very fast,” Zhang said.
“For the rally to sustain above $80K, we need to see fresh spot demand continue after the forced covering fades.”
Separate Bitfinex analyst comments also pointed to a combination of spot buying and short covering rather than a rally built mainly on new leveraged longs. During the first part of the breakout, Bitcoin gained between 10% and 11% while aggregate open interest increased by about 4%, according to the firm.
Bitfinex analysts said the difference between price growth and open-interest growth suggested that new leverage played a smaller role. Open interest rising faster than underlying demand would present a less stable setup, particularly if Bitcoin stopped advancing while traders continued adding futures positions.
Søndergaard wants to see a positive Coinbase premium and spot-led trading volume alongside continued ETF inflows. He also said funding should remain moderate, while open interest must not rebuild faster than demand in the underlying market.
Short liquidations accelerated Bitcoin’s rise The first stage of the rally developed as Bitcoin cleared resistance around $65,000 and moved through liquidation clusters above $67,000. Exchanges then closed short positions that no longer had enough collateral, generating market buy orders that pushed prices higher and triggered additional liquidations.
An earlier liquidation event analysis found that more than $3 billion in leveraged shorts were closed across crypto derivatives markets on Aug. 19 and Aug. 20. Short positions accounted for approximately $2.77 billion, or 92% of the total, while about $1.29 billion was liquidated within a single hour.
Bitcoin shorts made up roughly $1.37 billion of the total, while Ethereum shorts accounted for around $1.01 billion. Binance recorded approximately $518 million in liquidations, Hyperliquid handled about $513 million, and Bybit registered close to $303 million.
Forced buying can increase prices quickly, but each purchase created by a liquidation closes an existing position rather than establishing continuing demand. Søndergaard said a return of rising funding and rapidly expanding open interest during another test of $80,000 would make the advance appear increasingly squeeze-led.
“If $80,000 rejects again while open interest and funding continue to rise, I would interpret the rally as increasingly squeeze-led, leaving room for another correction at some point.”
U.S. spot demand, therefore, remains important for American investors using exchange-traded funds to gain exposure without directly holding Bitcoin. Persistent net inflows would show that investment products are still adding BTC after most of the bearish leverage has already been removed.
Bitcoin could target $90K after a confirmed breakout Zhang said a clean close above $80,000 followed by a successful defense of the level could open a move toward $85,000–$90,000 over the following weeks. An accelerated run toward $95,000–$100,000 is also possible under her scenario if ETF inflows remain strong and liquidity conditions continue improving.
Still, Zhang described the market as stretched after a weekly gain of about 20%. Rising funding rates, weaker ETF flows, or a failure to retain $80,000 after crossing it could lead to a reset before another advance, she said.
Søndergaard also expects any recovery outside Bitcoin to remain selective. In his view, investors are directing more capital toward assets with measurable use, fee income, token burns, buybacks, or another clear method of returning value to holders.
Under that framework, he described Bitcoin as institutional macro exposure while naming HYPE, selected decentralized finance protocols, and real-world asset infrastructure as candidates for crypto-native capital. He cautioned that higher Bitcoin prices would not automatically lift most altcoins.
“HYPE has a stronger value-accrual case than most tokens because of its protocol activity and buyback-linked economics, but its large open interest also makes it vulnerable to crowded positioning,” Søndergaard said.
ETH and SOL could signal whether the rally is spreading Zhang expects Ethereum and Solana to receive the first rotation of capital if Bitcoin’s advance starts extending into other parts of the market. Their liquidity makes them more likely to move before infrastructure projects, DeFi tokens, and assets with higher sensitivity to risk appetite, according to her assessment.
Bitcoin dominance would provide one of the main indicators. Zhang said a stalled or declining dominance rate, combined with a rise in the total cryptocurrency market capitalization excluding Bitcoin, would offer evidence that demand is reaching more assets.
Movements in the ETH/BTC and SOL/BTC pairs could supply further confirmation because both measure whether Ethereum and Solana are gaining value against Bitcoin rather than merely rising in dollar terms.
Macroeconomic data may also affect spot demand. A report on upcoming U.S. data noted that July Personal Consumption Expenditures inflation and revised second-quarter gross domestic product figures are due on Aug. 26, followed by Federal Reserve Chair Kevin Warsh’s Jackson Hole address on Aug. 28.
June core PCE inflation stood at 3.3%, above the Federal Reserve’s 2% target, while the advance estimate showed annualized U.S. economic growth slowing to 1.5% in the second quarter from 2.1% in the first. Zhang said traders should also monitor stablecoin supply, decentralized exchange volumes, perpetual-futures funding, and whether spot volume leads the next round of gains.
Strive, a US-based investment management company, increased its Bitcoin holdings by 1,110 BTC last week, bringing its total Bitcoin treasury to 21,356 BTC. The purchase, made for $81.5 million at an average price of $73,409 per coin, was disclosed in the company’s latest filing with the US Securities and Exchange Commission.
Strive’s expanding Bitcoin strategyThe acquisition took place between August 17 and August 21, during which time Strive’s cash reserves grew from $154.8 million to $171.9 million. This increase indicates that the firm continued to raise capital even as it allocated significant resources to expand its Bitcoin position. The higher cash balance also provides Strive with liquidity to support ongoing operations and potential future purchases.
To fund these acquisitions, Strive relies on a mixture of equity and preferred share offerings. Over the reporting week, Strive’s Class A shares outstanding rose by 3,646,300 to 79,890,888, while its SATA preferred shares increased by 441,313 to 8,270,815. Assuming full dilution, the total share count reached 92,949,226 by the end of the week.
This growth in outstanding shares creates a balancing act for the company. While adding more Bitcoin to the treasury may suggest higher exposure, the real impact for individual investors depends on how much Bitcoin is held per diluted share. If new Bitcoin holdings are acquired at a slower pace than shares are issued, per-share exposure can be diluted despite headline growth metrics.
MetricAugust 14August 21BTC holdings20,24621,356Cash & equivalents$154.8 million$171.9 millionClass A shares76,244,58879,890,888SATA preferred shares7,829,5028,270,815Apart from Bitcoin, Strive also holds 505,000 shares of Strategy’s STRC preferred stock, which increased in fair value by $707,000 to reach $48.57 million. This position, alongside the larger cash balance, gives the company more flexibility, but the Bitcoin treasury remains its primary draw for investors.
According to Strive, its broader operations manage nearly $3 billion in assets across exchange-traded funds and direct indexing. The company’s strategy is to use fee income to help offset costs arising from preferred stock issuance, aiming to capture the spread between financing costs and long-term potential returns from Bitcoin. If financing costs were to rise or Bitcoin’s value were to fall, this spread could shrink.
Mini dictionary: Strive, an investment management company based in the United States, manages a range of financial products including publicly traded exchange-traded funds (ETFs) and direct indexing solutions, with a particular recent focus on large-scale Bitcoin accumulation as part of its corporate treasury strategy.
Bitcoin rally supports recent acquisitionOn the day Strive disclosed its purchase, Bitcoin was trading near $79,400, giving the new 1,110 BTC holdings a market value of $88.1 million. This value exceeds the acquisition cost by roughly $6.6 million, further strengthening the company’s position. Overall, the total Bitcoin in Strive’s treasury would now be valued near $1.70 billion at those prices.
Technical analysts observed positive signals for the broader market. Ali Martinez, an independent crypto analyst, noted that Bitcoin’s price reclaimed its 1,130-day simple moving average after moving above $74,000 on August 20. Bitcoin had traded below this long-term average for nearly three months, a period associated with broader market uncertainty.
Martinez highlighted that, across past cycles, Bitcoin began new bull markets after recovering this long-term average. However, he cautioned that a sustained rally depends on further closes above this level and stable spot demand.
During the recent session, Bitcoin reached a high close to $79,934, which provided further upside to Strive’s latest purchase. This price momentum also supported the market value of the company’s Bitcoin holdings acquired in previous quarters. In January, Strive’s acquisition of Semler Scientific added approximately 5,048 BTC to its books, helping scale the treasury quickly ahead of the latest round of buying.
Investors monitoring Strive’s performance now face two key variables: whether Bitcoin’s price can maintain support above the reclaimed moving average and whether Bitcoin per diluted share can continue to grow despite higher equity issuance.
Rising BTC holdings may grab attention, but according to Strive’s latest filing, shareholder returns depend on whether treasury growth can outpace dilution caused by increasing the number of shares outstanding.
Future company disclosures will reveal if Strive’s Bitcoin accumulation strategy continues to increase actual exposure per share or if further equity raises dilute these gains.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin traders are turning their attention to Jackson Hole, where Federal Reserve Chair Kevin Warsh is scheduled to deliver his first keynote as Fed Chair later this week.
The 2026 Jackson Hole Economic Policy Symposium runs from August 27 to August 29, with this year’s theme centered on “Financial Innovation: Implications for Payments and Policy.” Warsh is scheduled to speak on Friday morning, August 28, according to the event materials.
That timing matters because crypto markets are already watching liquidity, ETF flows, rate expectations, and the dollar.
Bitcoin does not need the Fed to mention crypto directly for the speech to matter. The market is looking for signals on inflation, growth, liquidity, rates, payments, and how the Fed thinks about financial innovation.
Still, traders need to be careful.
No rate cut has been announced. No policy pivot has been confirmed. The setup is about anticipation, not certainty.
TL;DR Fed Chair Kevin Warsh is scheduled to speak at Jackson Hole on August 28. The symposium theme is “Financial Innovation: Implications for Payments and Policy.” Bitcoin traders are watching for macro liquidity signals, not confirmed policy action. Why Jackson Hole Matters For Bitcoin Jackson Hole has a habit of moving markets.
The event gives central bankers a platform to frame policy priorities without necessarily announcing immediate decisions. Traders listen closely for changes in tone, emphasis, and risk assessment.
For Bitcoin, that matters because BTC increasingly trades as a macro-sensitive asset.
ETF demand, liquidity expectations, Treasury market conditions, rate assumptions, and dollar strength all feed into Bitcoin’s short-term setup. A speech that shifts expectations around financial conditions can move risk assets, even if it never mentions Bitcoin by name.
That is why the market will watch Warsh closely.
Financial Innovation Is The Key Theme The symposium’s theme makes this year especially relevant to crypto.
“Financial Innovation: Implications for Payments and Policy” sits close to the debates shaping digital assets, stablecoins, tokenized deposits, payment rails, settlement systems, and central-bank oversight.
That does not mean the Fed is preparing to endorse crypto.
But it does mean the conversation is happening in a policy context where digital finance is impossible to ignore. Stablecoins, private payment systems, tokenized markets, and bank-led blockchain projects all raise questions for monetary policy and financial stability.
Bitcoin sits adjacent to that discussion as the market’s largest decentralized asset.
Warsh’s First Jackson Hole Keynote Carries Extra Weight This is also Warsh’s first Jackson Hole keynote as Fed Chair.
That gives the speech added importance because markets are still learning how he communicates policy priorities. A new Fed Chair’s language can become a guide for future meetings, even when the message is deliberately cautious.
Traders will be watching for several things.
Does Warsh sound concerned about inflation? Does he emphasize financial stability? Does he talk about liquidity? Does he mention payment innovation? Does he signal comfort or concern around risk assets?
Any of those cues could shape market expectations.
Do Not Front-Run A Policy Pivot Crypto markets often move before the event.
That creates risk. A speech can disappoint traders who positioned for easier policy. It can also surprise markets if the tone is more dovish than expected. Until the speech is delivered, there is no confirmed policy signal to trade against.
Bitcoin has already shown how quickly macro narratives can feed into price action.
But a Jackson Hole setup is not the same as a Fed decision. Rate policy still depends on data, committee debate, inflation trends, employment conditions, and financial stability considerations.
The clean read is that Jackson Hole is a catalyst to watch, not a guaranteed bullish trigger.
What Comes Next The next major moment is Warsh’s Friday morning address.
If the speech leans toward easier financial conditions, Bitcoin may benefit from renewed liquidity optimism. If it emphasizes caution, inflation risk, or financial excess, risk assets may face pressure.
The market will also watch how the dollar, Treasury yields, and ETF flows respond.
Bitcoin’s reaction may not come from a single phrase. It may come from how the whole macro complex reprices after the speech.
For now, traders are waiting.
Jackson Hole is back on the calendar, and Bitcoin markets are treating it as one of the week’s key macro tests.
This article is based on the Federal Reserve Bank of Kansas City’s Jackson Hole symposium materials and related market reporting.
This article was written by the News Desk and edited by Samuel Rae.
The crypto markets have showed no signs of slowing down this new week. Major assets have retained their gains after Bitcoin delivered one of its strongest rallies in years. $BTC climbed from roughly $63,000 to nearly $80,000 over 7 days, gaining about 25%, marking Bitcoin's strongest weekly performance since March 2023.
Several catalysts combined to drive the move. President Donald Trump backed the CLARITY Act ahead of its September vote and held a White House meeting focused on crypto, while the U.S. Treasury expanded its long-term bond buyback operations to $4 billion. Those developments improved expectations around liquidity and regulatory clarity. Leverage amplified the rally. According to Coinglass data, the week ended August 22 saw a total of almost $7 billion worth of liquidations with 5.2 billion of those coming from short positions. That forced traders who bet against crypto assets to buy back their positions, adding another source of demand.
Spot ETF demand returned heavily during the rally. U.S. spot Bitcoin ETFs attracted roughly $1.92 billion last week, their strongest weekly inflow of 2026.
Notably, Strategy took a more defensive stance. The Bitcoin treasury company added $1.59 billion to its USD Cash reserve, taking total reserves to $5.1 billion, while making no Bitcoin purchases last week. Strategy still holds 840,447 $BTC, sitting on an unrealized profit of about $3.3 billion at current prices.
Solana Pushes Back Above $100 Solana also delivered a major rebound, climbing from around $75 to above $100 over the weekend. $SOL reached roughly $102.50, its highest level since February 2026, before pulling back toward its current price of $96. The token gained about 27% over the past 7 days.
U.S. spot Solana ETFs added about $28 million in net inflows last week, marking their strongest weekly inflow in 14 weeks. August inflows have reached $38.74 million with 6 trading sessions remaining.
Altcoins Catch the Rotation Capital also rotated further down the risk curve. Hyperliquid's $HYPE reached an all-time high of $83.27 on August 23, while Zcash gained more than 60% over 7 days as markets reacted to Grayscale's spot Zcash ETF filing.
Within the Solana ecosystem, $PUMP and $TRUMP led the rebound. Both tokens gained more than 100% during the week before settling at roughly 70% weekly gains.
Can Jackson Hole Become the Next Catalyst? Attention now shifts to the Federal Reserve's Jackson Hole Economic Policy Symposium, which runs August 27 to 29 under the theme "Financial Innovation: Implications for Payments and Policy." Fed Chair Kevin Warsh will make his debut at the event, putting his comments on inflation, rates and financial conditions at the center of the week's macro outlook.
Market sentiment has moved sharply with prices. CoinMarketCap's Fear & Greed Index now stands at 81, up from greed yesterday into extreme greed today. At this time last week, it was ‘Neutral’ at 40.
Before entering any trades, market participants will do well to ask themselves whether fresh ETF and spot demand can keep the rally moving.
Read More on SolanaFloor SGP-003 Critics Argue Resource Fees are “Damaging to Solana”
$14.59M Flows Into Solana ETFs as $SOL Breaks $90: Are We Back?
Bitcoin and XRP prices entered the week with stronger momentum as traders assessed September’s approaching CLARITY Act vote.
Bitcoin traded above $77,000 after recording its largest weekly dollar gain, while XRP hovered near $1.47 following a powerful rebound.
CLARITY Act Nears September 15 Senate Vote The Senate’s procedural vote is set for Sept. 15 to determine whether to proceed to debate. The cloture motion needs 60 votes and there is uncertainty despite political backing for clearer cryptocurrency rules.
The proposed legislation would establish boundaries between the Securities and Exchange Commission and Commodity Futures Trading Commission.
But the bill still faces unresolved disagreements. Some legislators wish to increase the level of deposit insurance for community banks’ securities and beef up the ethics requirements for elected officials.
Trump urged Congress to pass a fair version of the CLARITY Act to protect America’s leadership in digital assets. The law will pave the way for another round of innovation nationally, said he. However, prediction market participants remain doubtful about its approval prospects.
Trump: Congress Should Pass a Fair Version of the CLARITY Act
On August 19, U.S. President Donald Trump @realDonaldTrump said at a White House event with technology industry leaders that the United States had launched “Project Crypto” to facilitate the adoption of blockchain… pic.twitter.com/PnlL42kloc
— Wu Blockchain (@WuBlockchain) August 23, 2026
Polymarket users currently assign only a 16% chance that the controversial bill will pass during 2026. The low probability suggests that political disagreements over the proposed regulatory framework for cryptocurrencies remain.
Bitcoin and XRP Price Outlook Ahead of the September Senate Vote Bitcoin price may continue to recover if, as lawmakers move forward with the measure, broader market conditions continue to be favorable. If this rally continues, resistance may lie close to $85,000 ahead of $90,000.
If it breaks $80,000, it could reverse into profit-taking from the recent advance. The future Bitcoin outlook might then retest the $72,000 to $75,000 price range where interest could return.
Source: TradingView However, with the clarity of regulations being especially important for payment use of cryptocurrencies, XRP may respond more heavily. Investor sensitivity to American policy developments continues to be influenced by its former legal battle with the SEC.
XRP will remain in a positive short-term outlook as long as it trades above $1.40 ahead of the Senate vote. Strong demand may push the token up to $1.60 with resistance at $1.75.
Rejection or additional delay may cause the sentiment to sour and push XRP down to $1.40. In this case, the $1.25 level could be the next major supportive level for the market.
Bitcoin and XRP ETFs Record Strong Inflows as Institutional Demand Returns The past reporting week saw high demand for Bitcoin and XRP exchange-traded funds.
Spot Bitcoin ETFs recorded $1.918 billion in net inflows between August 17 and August 21.
In the meantime, XRP ETFs posted a $39.78 million increase, signaling a new institutional appetite for cryptocurrencies.
Spot Bitcoin ETFs Recorded $1.918 Billion in Net Inflows Last Week
From Aug. 17 to Aug. 21 (ET), spot Bitcoin ETFs recorded net inflows of $1.918 billion. Spot Ethereum ETFs saw net inflows of $697 million, while spot Solana ETFs recorded $28.34 million, spot XRP ETFs $39.78… pic.twitter.com/K9F273H8t9
— Wu Blockchain (@WuBlockchain) August 24, 2026
Ethereum funds also raised $697 million, the second highest among all the funds in terms of weekly inflows.
Spot Solana ETFs had $28.34 million added, while HYPE funds had $3.89 million added, though this was a smaller figure.
The numbers suggest that Bitcoin continued to be the top investment choice for ETF holders in the overall market rebound.
Coinbase announced it has launched tokenized stocks natively on Base, allowing users to hold US equity positions and participate in DeFi.
Coinbase announced that its issued tokenized stocks have launched natively on the Base blockchain, built on the B20 standard. The underlying stocks are held 1:1 by regulated custodian Alpaca in a bankruptcy-remote structure, with token holders holding direct ownership of the reference assets. Non-US users in compliant global jurisdictions only need a wallet and internet access to gain exposure to US stocks without a brokerage account or settlement delays, and can trade at any time on 24/7 AMM pools. The first supported assets include companies like Apple and NVIDIA. As standard B20 tokens, the tokenized stocks can be freely held, transferred, and traded, with no whitelisted wallet or platform lockups. Their key significance lies in DeFi integration: users can use tokenized NVIDIA stocks as collateral to borrow on Aave, or deposit Apple stocks in decentralized exchanges to earn yields, marking the first time stocks have shifted from static assets in traditional accounts to programmable liquidity building blocks on-chain. Dividends and stock splits are handled via on-chain multiplier mechanisms to ensure DeFi positions remain uninterrupted. Ecosystem projects including Aerodrome and Aave have publicly backed the B20 standard. Coinbase said it will launch more tokenized stocks in the coming weeks and continue advancing the on-chainization of other real-world assets, opening up new opportunities for developers to integrate traditional financial assets with the crypto-native ecosystem.
6 minutes ago
Bessent on Trump's increased tariffs on Canadian autos and steel: Trump hopes to sit down and negotiate in good faith.
US Treasury Secretary Scott Bessent commented on former President Donald Trump’s announcement to raise tariffs on Canadian autos and steel to 50%. Bessent said Trump wants Canada to engage in sincere negotiations. Trump posted earlier that Canada has long taken advantage of the U.S., imposing ridiculously high tariffs on American farmers and agricultural products, leaving these producers struggling to make ends meet, and creating a $60 billion trade deficit between the two nations over time. “This situation is unsustainable and will not continue!” Trump wrote. Starting January 1, 2027, tariffs will be hiked to 50% on all cars, trucks (large and small), auto parts, and steel. Goods manufactured in the U.S. will be fully exempt from tariffs. “Canada will no longer be treated as a state,” Trump added. “Whether in trade or other areas, Canada is among the world’s most difficult countries to deal with. They believe they deserve special treatment, but the truth is: we don’t need Canada—they need us! 95% of Canada’s business is conducted with the U.S., while our relationship with Canada is the exact opposite!”
6 minutes ago
Bessent discusses the US Treasury bond repurchase plan: No bonds have been purchased yet, and the next operation is scheduled for September 9.
US Treasury Secretary Bessent discussed the US Treasury bond repurchase program, noting: "We have not purchased any bonds yet, and the next operation is scheduled for September 9." The US Treasury Department earlier announced that starting September 9, it will raise the size of its long-end liquidity support repurchase operations from a maximum of $2 billion per operation to at least $40 billion. Additionally, market sources indicate the US Treasury may draw on nearly $1 trillion in funds from its Treasury General Account (TGA) to finance the recently unveiled expanded US Treasury bond repurchase program.
6 minutes ago
U.S. Treasury: Sanctions Imposed on Nearly 60 Iran-Related Entities, Individuals and Vessels
U.S. Treasury Department: Sanctions nearly 60 Iran-related entities, individuals, and vessels, covering nuclear, missile, cyber, and oil networks. The action imposes potential secondary sanctions on five sectors—including digital assets, technology, gold, aviation, and shipping—and suspends general licenses for certain remittances to Iran.
6 minutes ago
Multicoin Capital-associated address transferred 1,061,100 HYPE tokens to Coinbase.
According to monitoring by OnchainLens, a wallet linked to Multicoin Capital transferred 1,061,100 HYPE tokens (valued at around $8.41 million) to Coinbase Prime minutes ago, potentially indicating an imminent sell-off.
A weekly momentum divergence formed on the Bitcoin chart ahead of last week’s advance, and the daily reading has since made a move last seen in January 2023.
By Jonatan Randin – Senior Market Analyst at PrimeXBT
Bitcoin (BTC) ran from around $64,000 to just under $80,000 inside four sessions last week. The explanations offered have mostly been the obvious ones. On 19 August the US Treasury said it would at least double the maximum size of its long-end liquidity support buyback operations, from $2 billion to at least $4 billion per operation, covering 10 to 20 year and 20 to 30 year securities and running from 9 September through 4 November. Long-dated yields fell. Trump met crypto executives at the White House. The SEC had published its Regulation Crypto Assets proposal the day before.
All of that is real, and all of it landed inside the same handful of sessions.
The weekly chart, though, had been building toward something for months before any of it.
The divergence Through the first half of 2026, Bitcoin kept making lower lows. The Relative Strength Index (RSI) did not follow. It made higher lows instead.
RSI tracks the momentum behind a move rather than the move itself, so a gap of that kind can indicate selling pressure draining away while price is still technically falling. Traders call it a bullish divergence.
On a 15-minute chart these are everywhere and mean very little. On the weekly, where each candle covers a full seven days of trading, they turn up rarely.
The last one that looked like this ran through the second half of 2022, into the bear market low.
Bitcoin (BTC/USD) weekly, log scale, with RSI. Price made lower lows into late 2022 and again into mid-2026, while RSI made higher lows on both occasions. Source: TradingView
The timing of this is important. The divergence was already on the chart before the Treasury announcement, before the White House meeting, and before the short liquidations.
A move of that size generally needs a catalyst, and last week supplied several. But catalysts land into conditions. The same headlines arriving into a market where momentum was still deteriorating could potentially have produced a much smaller reaction.
The daily chart is doing something rarer Through mid-August the daily RSI sat in the low 40s while price went sideways in a tight range. Within a handful of sessions it was above 80, peaking close to 90.
Roughly 40 points of travel in under a week.
Now the comparison. December 2022: daily RSI in the low 40s, price compressed, volatility gone. By mid-January 2023 it had reached 87.40.
Bitcoin (BTC/USD) daily with RSI. Late 2022 into January 2023 on the left, August 2026 on the right. Source: TradingView
Side by side, the two are close to interchangeable. A long quiet base, then a vertical expansion in both price and momentum.
None of which is a price target. An overbought RSI is not a sell signal on its own, and momentum can stay stretched for weeks once a trend is properly underway. Plenty of traders have shorted an 80 reading and regretted it.
What can be said is that historically, an extreme move of this kind in RSI has in some cases marked the start of a new trend. Not reliably, and not on any schedule a trader could plan around. But when momentum covers most of its range inside a week, the market is not behaving the way it was a fortnight earlier.
The flow data The stronger evidence for the constructive case is not technical at all.
US spot Bitcoin ETFs took roughly $1.92 billion over the five sessions to 21 August, their best week of 2026 and their largest since October 2025, according to SoSoValue. Ethereum (ETH) funds added $697.2 million, taking the combined intake to $2.6 billion. Both categories saw inflows on all five days, reversing a $392 million outflow the week before.
Bitcoin also cleared its 200-day moving average, then sitting near $69,000, for the first time in nine months.
Short covering has a natural end point. Once the bearish positions are gone, that bid goes with them. ETF subscriptions are new money, and could potentially prove more durable.
One week settles nothing. Even after that intake, Bitcoin ETFs are still carrying roughly $2.9 billion of net outflows across 2026 as a whole. Ecoinometrics’ flow model currently puts Bitcoin in a supported range of roughly $67,000 to $78,000, with fair value near $72,000, which leaves the current price at the top of what flows alone might justify.
The weekend was also messy. CoinGlass data showed open interest in Bitcoin futures down 2.65% on Sunday, with funding near the 0.01% baseline, which could suggest leverage clearing out rather than reloading.
The divergence stays valid for as long as price holds above the low that formed it. Beyond that, the more useful thing to watch this week is whether the ETF bid returns once the creation channel reopens.
Trading Bitcoin with PrimeXBT Whether Bitcoin’s latest move develops into a broader bull run or gives way to another period of volatility, traders will be watching closely for what comes next.
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With PrimeXBT, traders can also buy and sell Bitcoin, exchange it for other supported assets, or trade from a BTC-denominated account, using Bitcoin as trading capital to access more than 350 products across Crypto, Forex, Commodities, Indices and Shares.
With Bitcoin now testing whether last week’s momentum can develop into something more sustained, PrimeXBT gives traders the flexibility to respond to what comes next and pursue opportunities both in Bitcoin and across wider global markets.
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About PrimeXBT
PrimeXBT is a global multi-asset broker and crypto asset service provider trusted by traders in more than 150 countries. The platform bridges traditional and digital markets within one integrated environment, redefining versatility and innovation in online trading. Clients can access Forex, CFDs on indices, commodities, shares, crypto, and Crypto Futures, as well as buy, store and exchange cryptocurrencies. This unified experience extends across both the native PXTrader 2.0 platform and MetaTrader 5, supported by advanced risk-management tools and a wide range of funding options in crypto, fiat and local payment methods. Since 2018, PrimeXBT has focused on empowering traders through broad multi-asset access, fair and transparent conditions, professional-grade technology and dedicated human support. By combining expertise, trust and a client-first approach, PrimeXBT sets a benchmark of excellence in the financial industry and provides traders with the tools they need to trade, grow and succeed with confidence.
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Coinbase announced it has launched tokenized stocks natively on Base, allowing users to hold US equity positions and participate in DeFi.
Coinbase announced that its issued tokenized stocks have launched natively on the Base blockchain, built on the B20 standard. The underlying stocks are held 1:1 by regulated custodian Alpaca in a bankruptcy-remote structure, with token holders holding direct ownership of the reference assets. Non-US users in compliant global jurisdictions only need a wallet and internet access to gain exposure to US stocks without a brokerage account or settlement delays, and can trade at any time on 24/7 AMM pools. The first supported assets include companies like Apple and NVIDIA. As standard B20 tokens, the tokenized stocks can be freely held, transferred, and traded, with no whitelisted wallet or platform lockups. Their key significance lies in DeFi integration: users can use tokenized NVIDIA stocks as collateral to borrow on Aave, or deposit Apple stocks in decentralized exchanges to earn yields, marking the first time stocks have shifted from static assets in traditional accounts to programmable liquidity building blocks on-chain. Dividends and stock splits are handled via on-chain multiplier mechanisms to ensure DeFi positions remain uninterrupted. Ecosystem projects including Aerodrome and Aave have publicly backed the B20 standard. Coinbase said it will launch more tokenized stocks in the coming weeks and continue advancing the on-chainization of other real-world assets, opening up new opportunities for developers to integrate traditional financial assets with the crypto-native ecosystem.
6 minutes ago
Bessent on Trump's increased tariffs on Canadian autos and steel: Trump hopes to sit down and negotiate in good faith.
US Treasury Secretary Scott Bessent commented on former President Donald Trump’s announcement to raise tariffs on Canadian autos and steel to 50%. Bessent said Trump wants Canada to engage in sincere negotiations. Trump posted earlier that Canada has long taken advantage of the U.S., imposing ridiculously high tariffs on American farmers and agricultural products, leaving these producers struggling to make ends meet, and creating a $60 billion trade deficit between the two nations over time. “This situation is unsustainable and will not continue!” Trump wrote. Starting January 1, 2027, tariffs will be hiked to 50% on all cars, trucks (large and small), auto parts, and steel. Goods manufactured in the U.S. will be fully exempt from tariffs. “Canada will no longer be treated as a state,” Trump added. “Whether in trade or other areas, Canada is among the world’s most difficult countries to deal with. They believe they deserve special treatment, but the truth is: we don’t need Canada—they need us! 95% of Canada’s business is conducted with the U.S., while our relationship with Canada is the exact opposite!”
6 minutes ago
Bessent discusses the US Treasury bond repurchase plan: No bonds have been purchased yet, and the next operation is scheduled for September 9.
US Treasury Secretary Bessent discussed the US Treasury bond repurchase program, noting: "We have not purchased any bonds yet, and the next operation is scheduled for September 9." The US Treasury Department earlier announced that starting September 9, it will raise the size of its long-end liquidity support repurchase operations from a maximum of $2 billion per operation to at least $40 billion. Additionally, market sources indicate the US Treasury may draw on nearly $1 trillion in funds from its Treasury General Account (TGA) to finance the recently unveiled expanded US Treasury bond repurchase program.
6 minutes ago
U.S. Treasury: Sanctions Imposed on Nearly 60 Iran-Related Entities, Individuals and Vessels
U.S. Treasury Department: Sanctions nearly 60 Iran-related entities, individuals, and vessels, covering nuclear, missile, cyber, and oil networks. The action imposes potential secondary sanctions on five sectors—including digital assets, technology, gold, aviation, and shipping—and suspends general licenses for certain remittances to Iran.
6 minutes ago
Multicoin Capital-associated address transferred 1,061,100 HYPE tokens to Coinbase.
According to monitoring by OnchainLens, a wallet linked to Multicoin Capital transferred 1,061,100 HYPE tokens (valued at around $8.41 million) to Coinbase Prime minutes ago, potentially indicating an imminent sell-off.
