Cryptocurrency News Today: Market Updates & Analysis podcast.
Bitcoin shattered all-time highs this week, peaking at $124,000 on August 13 before cooling slightly as the market digested a string of bold news. Ether wasn’t left in the dust either—after Jerome Powell, Fed Chair, hinted at possible rate cuts come September during the Jackson Hole symposium, Ethereum ripped higher, jumping 13% in a single day to flirt with its all-time high of $4,814, just shy of that $4,878 record it set back in 2021. The whole asset class took flight, pushing total crypto market cap to a record-smashing $4.11 trillion, with traders betting big on a more risk-friendly Fed and solidifying 2025 as a breakout year for crypto.
But it’s not just price action fueling the hype. August might go down in the history books as the month when institutional adoption got well and truly real: companies like Riot Platforms, Cipher Mining and CEA Industries, plus a cadre of Wall Street giants, continued pushing Bitcoin onto their balance sheets. This is a far cry from the old “just for fun” days—corporate treasuries and pension funds are scooping up digital assets as serious business tools. Market analysts are now talking about a $175,000–$250,000 target for Bitcoin by year end, if this momentum holds and accumulation trends keep stacking up.
Yet, not all the signals are screaming “to the moon.” Technical analysts like Benjamin Cowen are eyeing those historic post-halving patterns and sounding a note of caution: typically, a blazing July and August set the stage for a September correction, with Bitcoin historically getting hammered before rallying into the cycle peak at year’s end. The so-called Accumulation Trend Score—a favorite among on-chain sleuths—plummeted recently, suggesting long-term holders started sitting it out, while a flash $3 billion in realized gains triggered a little whiplash for prices midweek.
If you’re a macro watcher, you know the story’s even twistier. Inflation ticked up only 2.7% in July, which was softer than markets feared, sending both stocks and crypto on a joyride. Meanwhile, more regulatory progress rolled in: the U.S. passed the Genius Act, finally giving stablecoins like USDC formal legal recognition and establishing crisp rules for how they slot into the traditional financial system. Across the Atlantic, the EU pressed ahead with its MiCA framework, but this patchwork approach globally has some experts worried about innovation bottlenecks and enforcement headaches.
Add in geopolitical jitters—President Trump’s new tariff threats stirred things up—and you’ve got investors alternating between FOMO and FUD. Some are diversifying into altcoins, but with Bitcoin still holding the lion’s share of global hashrate and U.S. miners now commanding an eye-popping 31.5% of all mining activity, the king’s not giving up its crown anytime soon.
Whether you’re stacking sats, HODLing ETH, or waiting for that elusive September dip, remember: August is finishing strong, but the crypto rollercoaster never really stops. Stay sharp, watch those on-chain metrics, and don’t get caught snoozing if volatility spikes.
You’ve been listening to Crypto Willy—thanks for tuning in to this week’s whirlwind ride through the cryptoverse. Come back next week for more alpha, and remember: this has been a Quiet Please production. For more, check out Quiet Please Dot A I.
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