Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

On-chain analyst Murphy reports that Bitcoin fell to $112,000 ahead of Federal Reserve Chair Jerome Powell’s speech. This price level mirrors the average cost basis for coins held under three months, marking a critical threshold for short-term holders. These investors, described as the most active and sentiment-sensitive segment, face breakeven risk: a drop below this line turns unrealized gains into losses, heightening psychological pressure. However, their proximity to breakeven may deter selling, providing a floor and containing immediate downside. As a result, market sentiment may skew toward anxiety but resist mass capitulation, setting the tone for Bitcoin trading around the upcoming Fed announcement.

Ethereum broke above its key $4,800 resistance for the first time since 2021, peaking at $4,834 following Fed Chair Jerome Powell’s dovish speech at Jackson Hole. The move kicked off a 14% rally in ETH over 24 hours. Bitcoin also climbed to around $117,000 on the same sentiment. Technical analysts point to a one-week falling wedge breakout and an 18-month bullish megaphone pattern, suggesting Ethereum could test its $4,878 all-time high and even target $10,000. After successfully retesting the $4,000 support zone, Ethereum has minimal resistance ahead. Traders brace for a possible short-term pullback but remain optimistic as rate-cut expectations build.

Macro indicators and regional demand metrics point to potential upside for Bitcoin. The Fed Financial Stress Index (FFSI) remains below zero, historically signaling low market stress and a favorable backdrop for risk assets like BTC. Year-to-date, Bitcoin has outperformed the S&P 500 (86.2% vs. 15.3%), suggesting renewed inflows could target crypto if risk appetite returns. In Asia, the Korean Premium Index has risen to 0.3, indicating revived buy-side interest, while the Coinbase Premium Index hovers at 0.017, reflecting U.S. sell pressure. However, recent liquidity droughts and a 10% weekly BTC pullback since August 14 highlight the risk of short-term reversals as seasonal profit-taking intensifies. Traders should monitor FFSI movements above zero and premium divergences over the next 7–14 days for decisive signals on Bitcoin’s trajectory.

Cryptocurrency market momentum is building as institutional inflows and new ETFs drive a strong 2025 bull cycle. The best cryptos to buy include Ethereum, XRP, AVAX and MAGACOIN Finance. ETH, trading near $4,150, benefits from over $1 billion in ETF inflows and aims for $5,000. XRP has achieved regulatory clarity, trading around $2.90 with targets near $3.39 on ETF speculation. AVAX, at $23, is fueled by $488 million in tokenized assets and may climb to $32–$37. Hidden gem MAGACOIN Finance presale offers a 20,000% ROI forecast and a 50% presale bonus. Crypto traders looking for the best cryptos to buy should also consider TRON (TRX) at $0.35, Chainlink (LINK) near $25.60, and scaling plays like Hedera (HBAR), SUI and BNB. Mid-cap value options Litecoin (LTC) and Polkadot (DOT) show recovery potential with targets above $138 and rising volumes. This outlook highlights key altcoin opportunities and emerging presale momentum.

Ethereum is trading above a critical support zone at $4,200–$4,356. Holding this level will preserve the bullish structure of its August rally. On-chain metrics show 1.87 million daily transactions and falling exchange balances, signaling renewed accumulation. A reported institutional sale of 59.6 million ETH by a BlackRock manager created temporary pressure, but buyers quickly absorbed the supply. Derivatives markets reveal elevated short interest between $4,800 and $4,872, increasing short-squeeze potential. Traders should monitor open interest, funding rates, and net flows across exchanges. A sustained move above $4,800 could target $5,500, while a break below $4,200 raises the risk of a deeper correction toward prior lows.

XRP is trading tightly around $3 after seven major asset managers—including Grayscale, Bitwise and WisdomTree—submitted updated S-1 amendments for spot XRP ETFs. The synchronized filings, aligned with SEC feedback on creation and redemption structures, have injected cautious optimism into the market. Renewed institutional interest could boost liquidity and ensure ETF prices track spot XRP closely. On the daily chart, XRP’s Bollinger Bands have compressed between $2.85 and $3.34, a setup often preceding volatility expansion and a sharp breakout. Key levels to watch are support at $2.90–$2.85 and resistance at $3.09 (20-day moving average) and $3.34. A daily close above $3.34 may trigger a rally toward $3.50 and $4.05, while a drop below $2.85 could see a retracement to $2.70. Traders should monitor upcoming SEC signals and these spot XRP ETF filings. The filings keep the bullish narrative alive, making a decisive breakout more likely before regulatory clarity is reached. Short-term volatility is poised to rise, offering both trading risks and opportunities.

Crypto traders rely on chart patterns for timing and risk management. This guide covers two major patterns: the bullish cup and handle and the bearish head and shoulders. The cup and handle pattern forms a rounded U-shaped cup, followed by a consolidation handle. Traders watch for a breakout above the handle’s resistance with rising volume to confirm strength. Key cup and handle criteria include symmetry, handle depth, and volume trends. The head and shoulders pattern signals a trend reversal. It features three peaks: left shoulder, head, and right shoulder connected by a neckline. A drop below the neckline on increased volume confirms the bearish reversal. Traders use the neckline as support-turned-resistance and set stops accordingly. Volume confirmation is crucial in both the cup and handle and head and shoulders patterns. Mastering these two chart patterns can sharpen entry timing and improve risk management in crypto trading.

On August 23, Ethereum price on OKX briefly fell below $4,700, touching $4,699.68 per ETH. Despite this dip, the Ethereum price rose 1.81% over 24 hours. The breach of the $4,700 level signals heightened short-term market volatility. Traders should watch $4,700 as key support and $4,800 as resistance. OKX data indicates sustained trading activity and position adjustments.

Bitcoin has fallen 10% since hitting a record high on August 14, driven by low liquidity inflows as investors liquidate positions at market peaks. U.S. macro indicators, notably the Fed Financial Stress Index (FFSI), remain below zero—historically a bullish sign for Bitcoin and the S&P 500. Over the past year, Bitcoin has gained 86.2%, outpacing the S&P 500’s 15.3%. Analyst Joao Wedson warns that an FFSI move above zero could signal U.S. instability and endanger Bitcoin’s rally, especially amid risks in Asian economies. On-chain data shows renewed Asian demand, with CryptoQuant’s Korean Premium Index rising to 0.3. Meanwhile, the Coinbase Premium Index has dipped to 0.017, reflecting U.S. selling. Traders should track these liquidity gauges for clues on Bitcoin’s next move.

As investors eye 2025, three crypto plays stand out. MAGACOIN FINANCE leads with a capped presale and scarcity-driven forecasts of up to 20,000% ROI, attracting whales and retail alike. Comparisons to early Dogecoin and Shiba Inu hype underscore its speculative appeal, though volatility and liquidity risks remain high. Ethereum (ETH) retains its blue-chip status, buoyed by spot ETH ETFs, robust developer activity, and DeFi liquidity, with analysts targeting $5,000–$7,000 for steady growth. Shiba Inu (SHIB) leverages a vast meme community and ongoing Shibarium upgrades but offers limited upside given its huge supply. Traders balancing risk and reward will choose between MAGACOIN’s high-risk presale opportunity, Ethereum’s stability, and Shiba Inu’s community-driven, lower-volatility play.

A Bitcoin wallet dormant since 2018 sold 100,784 BTC today, realizing a 1,613% return on the original purchase made when BTC traded near $13,000. The whale converted proceeds into 62,914 ETH in the spot market and opened a 135,265 ETH long position, totaling about $844 million in Ethereum exposure. On-chain data also flags another 2018 holder offloading 85,947 BTC for ETH. Meanwhile, Ethereum is trading near $4,300, up more than 60% year-on-year. Institutional interest is rising as ETH treasury companies and ETFs like Tom Lee’s BitMine and BlackRock’s iShares Ethereum Trust accumulate over 5 million ETH. StrategicEthReserve reports $44 billion in ETH held in treasuries and ETFs, about 9% of supply. This move underscores a major shift from Bitcoin to Ethereum and could signal bullish momentum for ETH in both short and long term.

Mastercard, Ripple’s XRP network, and WebBank will launch the first standard credit card settled on XRP rails on August 25, 2025. The new XRP Mastercard offers a seamless experience without crypto conversions or manual wallet setup. Users simply swipe to pay in digital assets. WebBank issuing the card adds legitimacy, mirroring its roles with PayPal Credit, Apple Card, and Google Pay. This move marks a key step in the crypto adoption timeline, shifting from technical barriers to mainstream integration. By removing seed phrases, gas fees, and conversion steps, XRP Mastercard aims to bring digital payments to everyday finance. Traders should watch for increased transaction volume and wider retail acceptance following the launch. The product is poised to accelerate global XRP usage and could influence market dynamics by driving demand and liquidity in the XRP ecosystem.

Ethereum has shown notable strength, trading near $4,700 and up 30% month-to-date. CryptoQuant analysis of Ethereum exchange netflow reveals sustained outflows, a trend historically linked to bull market surges as coins move off platforms and reduce selling pressure. Analyst PelinayPA highlights that previous significant outflows preceded major uptrends in 2017, 2021 and early 2024, supporting a case for ongoing Ethereum bullish momentum. On the technical front, Ethereum has broken out against Bitcoin, suggesting renewed market recognition and relative strength. Institutional interest is also rising, with investment funds and ETPs increasing ETH holdings despite volatility. While short-term pullbacks remain possible from occasional inflows, the prevailing outflow-dominant environment, combined with positive demand indicators, underpins a bullish outlook for Ethereum. Traders should watch netflow dynamics and key price levels for signs of further upside potential.

In an August 23 interview with COINOTAG News, BitMine’s new Chairman Tom Lee said there is a 50% probability that Ethereum overtakes Bitcoin in market cap. Lee framed this view as a senior executive opinion on relative valuation, not a formal market forecast. He cited factors such as network activity, developer adoption, regulatory clarity, and institutional flows as key drivers. Analysts will watch on-chain metrics, trading liquidity, and macroeconomic liquidity to track any shift in the Ethereum vs Bitcoin valuation dynamic. The potential for Ethereum overtakes Bitcoin reflects growing interest in ETH’s smart contract use and network growth. Traders should monitor changes in hash rate, DeFi uptake, and regulatory developments, as these could signal momentum toward an ETH market cap rally. On-chain data platforms and liquidity metrics will be crucial for evaluating the prospect of Ethereum overtakes Bitcoin in the coming quarters.

Solana (SOL) is forming a bullish ascending triangle pattern near $184, with horizontal resistance at $200 and rising support at $176 and $162. A confirmed daily close above $200 on increased volume would validate a breakout, targeting Fibonacci extension levels at $220, $260, $277, $309 and $362. Traders should watch volume surges and hold key support levels as risk benchmarks: $176 for short-term stops and $162 for swing positions. This technical analysis highlights the Fibonacci zones and breakout targets, offering clear entry and risk management guidelines for a potential SOL rally.

The U.S. Securities and Exchange Commission (SEC) has launched a series of crypto regulation outreach events to engage stakeholders and capture industry feedback. Through town halls, roundtables, and public listening sessions, the SEC aims to refine its approach to crypto regulation and address key concerns from traders, developers, and institutional investors. SEC Chair Gary Gensler emphasized the importance of direct communication in shaping effective policy. These outreach events mark an effort to improve transparency, reduce regulatory uncertainty, and foster a more inclusive rule-making process.

Ethereum’s market capitalisation soared past $580 billion on August 23, 2025, after Federal Reserve Chair Jerome Powell’s dovish comments. Ethereum’s price reached about $4,745, ranking it the 25th largest global asset and surpassing companies like Netflix and Mastercard, each valued near $370 billion. As the second-largest cryptocurrency by market cap, behind Bitcoin’s $2.36 trillion, Ethereum’s performance reflects a reordering between traditional and digital assets. Analysts forecast Ethereum could challenge the $5,000–$6,000 range, but traders should monitor potential headwinds including network congestion, competition from emerging layer-1 blockchains, and volatility from ETF portfolio rebalancing. This bullish momentum coincides with institutional developments: the EU is considering running its digital euro on public chains like Ethereum and Solana, and BTCS recently announced an Ethereum dividend program distributing ETH to shareholders. Crypto traders may view these factors as supportive indicators for Ethereum’s further price appreciation.

Wormhole Foundation has secured financing and proposed an initial all-cash bid of 120 million USDC to acquire Stargate, surpassing LayerZero’s 110 million USDC offer. The deal promises STG token holders maximum certainty and instant liquidity, removing conversion risk and vote delays. Wormhole also requested a pause on the community vote for LayerZero’s STG acquisition. If approved, this acquisition could reshape the cross-chain bridge landscape, signaling significant consolidation in DeFi. Traders should monitor STG liquidity levels and on-chain voting dynamics as key catalysts for potential market movements.

As the crypto market consolidates, traders are identifying key altcoins poised for the next bull run. On-chain metrics spotlight five top picks: Solana (SOL) for its 100,000+ TPS capability and $12 billion DeFi ecosystem; Ethereum (ETH) with $13 billion in spot ETF inflows and substantial corporate holdings; Binance Coin (BNB) under $830, backed by high exchange utility; Hyperliquid (HYPE) with innovative DEX features and nearly $3 billion in TVL; and newcomer MAGACOIN FINANCE, whose presale (code PATRIOT50X) has drawn thousands of investors. Analysts recommend diversifying between established leaders and emerging projects—balancing strong DeFi fundamentals with high-risk, high-reward opportunities—to capitalize on the upcoming market upswing.

The TRUMP meme coin has formed a bearish head-and-shoulders pattern on the daily chart, with a critical support level at $8.40. A confirmed break below this neckline could trigger a 13% drop to around $7.30. Despite an 18% weekly decline, trading volume jumped 40%, signaling strong downside momentum. Technical indicators also show a weak RSI at 39, while Bollinger Bands near the lower boundary hint at a possible short-term bounce. On-chain data reveals $15 million of TRUMP flowed out of exchanges, suggesting accumulation, and traders have opened $5.36 million in long positions versus $3.52 million in shorts around key levels.

Cryptocurrency market surged after Fed Chair Jerome Powell hinted at possible rate cuts during the Jackson Hole Economic Symposium. Bitcoin (BTC) jumped 4% to $116,000, while Ethereum (ETH) led gains with a 13% rise to $4,740. Altcoins rallied: XRP climbed 5%, Solana (SOL) added 4%, and Binance Coin (BNB) soared 8% to hit a new resistance at $882. Powell’s comments on upcoming Fed rate cuts weakened the dollar and boosted crypto demand. Analysts at Julius Baer flagged a strong crypto-equity correlation and warned of heightened volatility around Fed policy updates. On social media, experts predicted a bullish Q4 but cautioned a “sell-the-news” reaction once rate cut certainty peaks. Signals of rate reductions as early as September further supported optimism. Traders are advised to monitor Fed communications and key support levels as the market tests new highs.

An on-chain whale with a 100% trading success rate in PEPE has increased its holdings by 183.7 billion PEPE tokens, worth approximately $2.035 million, after a five-month hiatus. The acquisition occurred nine hours ago via a Binance withdrawal at an average price of $0.00001107 per token. The whale now holds 1.31 trillion PEPE, bought at an average cost of $0.00001683, reflecting an unrealized loss of about $7.25 million. Since opening the position in June 2024, the value of its PEPE stake has declined by 69%. Despite the drawdown, the whale’s continued accumulation signals sustained confidence in PEPE. Traders should monitor on-chain whale activity and token supply dynamics for potential market movements.

Gate.io announced the FST listing on its spot trading platform and simultaneously launched the 283rd FreeStyle Classic Token (FST) HODLer Airdrop. The FST listing event begins on August 23 and users holding at least 1 GT token as of 14:00 (UTC+8) on August 24 can claim a share of 150,000 FST. This FST listing and airdrop initiative aims to enhance FST liquidity, reward GT holders, and drive token adoption on Gate.io.

Ledn co-founder and CEO Adam Reeds says the Bitcoin treasury trend is cooling as digital asset treasury (DAT) market value dips under $150 billion. He notes that the outsized gains from aggressive coin hoarding—such as MicroStrategy’s 24x and Bitcoin’s 10x rise—are harder to replicate. Recent data show the combined Bitcoin holdings of DAT firms dropped from $165 billion to $134 billion despite Bitcoin’s relative price stability. Public assets tied to these models have lost value, and share prices across the sector are down. Reeds warns that many DAT firms lack unique management skills or robust capital allocation frameworks to support premium valuations. Although these companies focus on raising cryptocurrency per share, their ability to sustain above-market returns is unclear. This cooling of Bitcoin treasury fever suggests less momentum for large-scale crypto accumulation. Traders should watch DAT market cap and sector performance as indicators of institutional appetite for digital asset reserves.

Arctic Pablo Coin has surged through its presale stage 37, offering investors an unprecedented ROI of 11,200%. Priced at $0.00088 per token, the presale will list at $0.008, guaranteeing an 809% immediate gain. Analysts forecast a rise to $0.1, implying a total ROI of 11,263.63%. Early backers can use code BONUS100 for a 100% token bonus. The project features 66% APY staking, deflationary burns, and multi-currency acceptance (BTC, ETH, SOL, XRP). Meanwhile, Solana (SOL) price hovers near $182.75, forming a bullish flag pattern. A breakout above $190–205 could drive SOL toward $225–260. Solana’s momentum is also affecting ecosystem meme coins. BONK slips to critical support around $0.000025, facing 13% weekly losses. Technical charts hint at a cup-and-handle rebound, but a high token supply limits upside. Fartcoin (FARTCOIN) trades near $0.88 after a 21% drop. Whale-driven pumps and dumps show volatility; some analysts see 2–5x potential from current levels. Overall, Arctic Pablo Coin leads with the highest 100x potential, backed by robust tokenomics. Solana’s strength and meme coin trends in BONK and Fartcoin suggest mixed market sentiment for traders.

Coinbase has imposed in-person training and stricter hiring policies after North Korean IT workers posing as remote contractors infiltrated its staffing channels. The security breach exposed data from 69,461 user accounts, though no significant digital assets were stolen. Coinbase estimates remediation costs between $180 million and $400 million and refused a $20 million extortion demand. New measures include mandatory US citizenship for sensitive roles, enhanced background checks and tighter access controls. The crypto exchange’s move aims to curb insider threats and bolster security. Industry experts note that face-to-face onboarding can prevent impersonation risks. The incident underscores the importance of robust identity verification and may drive peers to adopt similar security standards.

US regulators are intensifying their focus on crypto trading, with the Commodity Futures Trading Commission (CFTC) announcing expanded market oversight as a top priority. CFTC Chair Rostin Behnam revealed plans to require major digital-asset platforms to register as designated contract markets (DCMs) or swap execution facilities (SEFs). The agency will also boost data surveillance by expanding its Market Analysis and Information section to track spot trading volumes, open interest and potential manipulation. This initiative follows President Biden’s Executive Order on digital assets and is designed to enhance market integrity and customer protection. Collaboration with the SEC aims to prevent regulatory overlap. Amid record-high bitcoin and ether derivatives volumes on CME and Bakkt, stakeholders warn that stricter oversight could drive businesses offshore. However, proponents argue that clear crypto trading rules will attract more institutional capital and improve long-term market stability. Detailed proposals are expected later this year.

According to OKX trading data on August 23, MEME led 24-hour gains in the cryptocurrency market with a 55.65% rise to $0.00403. Other top gainers included AAVE (+10.20%, $352.38), LDO (+8.81%, $1.559), ARB (+7.54%, $0.579), and ORDI (+7.20%, $9.782). On the flip side, CRO topped losses, falling 2.37% to $0.151. Additional declines were seen in RAY (-0.67%, $3.464), LINK (-0.41%, $26.35), BCH (-0.39%, $593.80), and ALGO (-0.15%, $0.261). Traders may view MEME’s surge as a sign of renewed interest in meme tokens, while the modest drop in major coins like CRO and LINK suggests cautious market sentiment.

In August 2023, South Korean police in Seoul arrested a fugitive linked to a 17.7 billion won (approximately $13.2 million) cryptocurrency scam. The suspect had evaded authorities since 2020. He allegedly defrauded around 1,300 investors in a large-scale cryptocurrency scam between 2018 and 2019. After his escape, the Seoul Southern District Prosecutors’ Office led the investigation. Officers apprehended him during a routine stop for littering in a Seoul neighbourhood. The arrest highlights South Korea’s enhanced law enforcement efforts against crypto crime. The suspect now faces fraud charges related to the scheme.