Ethereum (ETH) briefly tested the $5,000 level today, continuing its strong uptrend in recent days. At the time of writing, ETH is trading at $4,470.96, up 4.12% intraday, bringing its market capitalization to $539.92 billion. This level is just 8.05% away from its all-time high of $4,891.70 recorded in November 2021. Chart showing the rise in ETH price. According to market data, 24-hour trading volume increased by 7.59% to $161.06 billion, while open interest in futures increased by 5.38% to $61.34 billion. A total of $420.31 million in positions were liquidated in the crypto market over the past 24 hours. $156.35 million of this came from Ethereum and $55.76 million from Bitcoin. Related News: Trump May Announce a New Candidate for FED Chair: Here Are His Views on Cryptocurrency One of the key drivers behind the surge was Bitmine Immersion Technologies (BMNR)'s massive acquisition plan. The company announced today that it plans to sell up to $20 billion worth of shares to increase its holdings of Ethereum. Bitmine's current ETH holdings stand at 1.15 million ETH (approximately $4.96 billion), equivalent to approximately 1% of the total circulating ETH supply. Bitmine, chaired by renowned investor Tom Lee, aims to own 5% of the circulating ETH in the long term. This strategic goal sent the company's shares soaring more than 14% on Monday, with its share price up over 600% since the beginning of the year. *This is not investment advice. Continue Reading: Ethereum (ETH) Price Hits $4.500 – Why is ETH Rising? Here’s What You Need to Know
Solana’s $170 support is crucial for a potential breakout toward $205, with significant whale activity indicating bullish sentiment. Whale wallets moved over $40M in SOL to exchanges, indicating strong trading
BitcoinWorld Perplexity’s Audacious Bid: AI Search Engine Offers Billions for Google Chrome In a move that has sent ripples across the tech industry and captured the attention of the cryptocurrency world, AI search engine Perplexity has launched an audacious bid to acquire Google Chrome. This unsolicited offer, valued at an astonishing $34.5 billion in cash, is far more than Perplexity has ever raised, signaling a bold play in the competitive digital landscape. For those observing the rapid evolution of decentralized web technologies and the growing influence of AI, this potential Perplexity Chrome acquisition could redefine how we interact with the internet, impacting everything from data privacy to browser innovation. Perplexity’s Daring Perplexity Chrome Acquisition Bid The offer from Perplexity, confirmed by Reuters and Bitcoin World, proposes to purchase Google Chrome for $34.5 billion. This isn’t just a simple cash offer; it comes with significant commitments designed to alleviate potential concerns and maintain the spirit of open web development. Perplexity has explicitly stated that the terms include: A commitment to keep Chrome’s underlying engine, Chromium, open source. A promise to invest an additional $3 billion into the Chromium open-source project. An assurance not to change Chrome’s user defaults, including keeping Google as the default search engine, rather than substituting it with Perplexity’s own AI-powered option. This strategic decision to preserve Google as the default search engine is particularly noteworthy, highlighting Perplexity’s focus on acquiring the browser’s reach and infrastructure rather than immediately disrupting user habits or Google’s core revenue stream from search. The bid arrives at a pivotal moment for Google, as it grapples with significant legal challenges that could reshape its empire. Google’s Antitrust Battles and Chrome’s Future Perplexity’s offer isn’t made in a vacuum; it directly capitalizes on Google’s ongoing legal woes. The U.S. Department of Justice (DOJ) proposed in March that Google be forced to sell Chrome, following a judge’s ruling that the tech giant acted illegally to maintain a monopoly in online search. Google, predictably, has vowed to fight this ruling and has not agreed to divest Chrome. The DOJ’s push for a forced sale of Chrome underscores the browser’s immense power. With a staggering 68% market share, according to Statcounter, Chrome is the dominant gateway to the internet for billions worldwide. This monopoly position has been a central point of contention in the Google antitrust case. A Perplexity spokesperson expressed belief that the court will soon set terms for remedies, potentially as early as this month. It’s worth noting that Google is also fighting another federal case where it was ruled to have illegally monopolized adtech, with the DOJ proposing divestment of adtech products or a breakup of its ad business. These legal battles create an opening for ambitious players like Perplexity to step in. The Rise of AI Search Engines and Market Dynamics The emergence of advanced AI search engine technologies is rapidly changing the way users discover information. Perplexity, a key player in this space, is making aggressive moves to expand its footprint. Despite its ambitious offer, Perplexity’s financial standing is significantly smaller than the proposed acquisition price. Pitchbook estimates Perplexity has raised approximately $1.5 billion to date, including a recent $100 million extension round that valued the company at $18 billion. This means the $34.5 billion offer for Chrome is more than twice its current valuation and many times what it has raised. Interestingly, the value of Chrome itself is a subject of debate. Duck Duck Go CEO, a rival search engine, testified in April that Chrome could be worth “upwards of $50 billion,” as reported by Bloomberg. If Perplexity’s offer were to succeed, it could be considered a substantial bargain given this higher estimate. The interest in Chrome extends beyond Perplexity and OpenAI, who also expressed interest when the DOJ first proposed the divestiture. Given Chrome’s market dominance, a forced sale would undoubtedly attract bids from numerous global tech entities. Navigating the Web Browser Market Landscape The current web browser market is dominated by Chrome, making any shift or potential acquisition a monumental event. Perplexity’s bid, while financially audacious for the company, highlights the strategic value of owning a browser. A browser serves as the primary interface for users, providing invaluable data on browsing habits and preferences, and acting as a distribution channel for search and other services. Perplexity’s recent actions further illustrate its drive to control its distribution. Last month, the company launched its own browser, named Comet, in an effort to grow its AI search business without relying on third-party browsers, particularly one owned by its main rival, Google. This parallel development shows Perplexity’s dual strategy: build its own browser while simultaneously attempting to acquire the largest existing one. The competitive landscape for browsers is heating up, with innovation in AI-powered features becoming a new battleground. Impact of a Major Tech Merger Bid A successful tech merger bid of this magnitude would have profound implications across the industry. For Google, it would mean divesting a core asset and potentially facing a significant restructuring of its business model. For Perplexity, it would instantly catapult them into a position of immense power and reach, allowing their AI search capabilities to integrate directly with the world’s most popular browser. This could accelerate AI adoption and innovation in the search space dramatically. Beyond the direct parties, such a deal would reshape the competitive dynamics for other browser developers and search engines, potentially fostering more innovation or, conversely, consolidating power further. The user experience could also evolve, depending on how Perplexity integrates its AI and what new features it introduces. While the outcome remains uncertain, this bold move by Perplexity signifies a new era of aggressive competition and strategic maneuvering in the ever-evolving tech landscape. Beyond the Bid: Bitcoin World Disrupt 2025 The tech world is constantly buzzing with innovation and strategic plays. As these high-stakes negotiations unfold, the industry continues to look forward to future developments. Bitcoin World Disrupt 2025, celebrating its 20th anniversary, is set to be a focal point for these discussions. Heavy hitters like Netflix, ElevenLabs, Wayve, Sequoia Capital, and Elad Gil are joining the agenda to deliver insights that fuel startup growth and sharpen industry edges. Scheduled for October 27-29, 2025, in San Francisco, this event offers a unique chance to learn from top voices in tech and VC. For brands, Disrupt 2025 also provides an unparalleled opportunity to engage with over 10,000 tech and VC leaders, amplify reach, and spark real connections. To learn more about the latest AI market trends, explore our article on key developments shaping AI browser innovation . This post Perplexity’s Audacious Bid: AI Search Engine Offers Billions for Google Chrome first appeared on BitcoinWorld and is written by Editorial Team
BitcoinWorld Odin.fun Trading Halt: Urgent Concerns Over Crypto Platform Vulnerability The cryptocurrency world is once again abuzz with significant news as the Odin.fun trading halt has been announced. This prominent Bitcoin ecosystem platform , known for its various offerings, recently suspended its operations, sending ripples through its community. The sudden suspension stems from an ongoing investigation into abnormal withdrawals, raising serious questions about the platform’s security integrity. What Triggered the Odin.fun Trading Halt? According to reports from JinSe Finance, the primary reason for the Odin.fun trading halt is a series of suspicious activities detected on the platform. Approximately 60 BTC, a substantial sum, was reportedly transferred in an unauthorized manner. This alarming development led the platform to immediately suspend trading activities to prevent further potential losses and conduct a thorough investigation. Community members quickly pointed towards a possible crypto platform vulnerability as the root cause. This incident echoes previous concerns for the Bitcoin ecosystem platform . For instance, in April, developer Bob Bodily liquidated all his assets due to similar theft concerns. Such events highlight the continuous challenges in maintaining robust security within the fast-evolving digital asset space. Understanding Crypto Platform Vulnerability A crypto platform vulnerability refers to weaknesses in a platform’s code, infrastructure, or operational procedures that malicious actors can exploit. These vulnerabilities can lead to various devastating outcomes, including: Unauthorized Withdrawals: Funds are moved out of user accounts without permission. Data Breaches: Sensitive user information is exposed. System Downtime: The platform becomes inaccessible, disrupting services. The incident with Odin.fun underscores the critical importance of proactive Odin.fun security measures. Platforms must continuously audit their systems, implement multi-layered security protocols, and respond swiftly to any anomalies. Users, moreover, must remain vigilant and understand the risks associated with storing assets on centralized platforms. Ensuring Digital Asset Safety in a Volatile Market For every individual involved in the crypto space, prioritizing digital asset safety is paramount. While platforms strive to secure user funds, the inherent risks of a nascent and largely unregulated industry persist. The recent Odin.fun suspension serves as a stark reminder that even established platforms can face unexpected challenges. What can users do to protect their investments? Diversify Storage: Do not keep all your funds on one exchange or platform. Use Hardware Wallets: For significant holdings, consider cold storage solutions. Enable 2FA: Always activate two-factor authentication on all your accounts. Stay Informed: Follow news and security advisories from platforms you use. These proactive steps significantly enhance personal security in the face of potential platform-level issues. The Road Ahead for Bitcoin Ecosystem Platforms The incident at Odin.fun highlights a broader trend concerning the robustness of services within the Bitcoin ecosystem platform . As the ecosystem expands, attracting more users and capital, the need for stringent security audits and transparent communication becomes more urgent. Platforms must not only innovate but also prioritize the trust and safety of their user base. This event will likely prompt other platforms to review their security protocols and contingency plans. For users, it reinforces the need for due diligence before entrusting their funds to any service. Ultimately, the resilience and continued growth of the Bitcoin ecosystem depend on a collective commitment to security and transparency. The Odin.fun trading halt is a significant event that reminds us of the persistent challenges in the crypto space. While investigations continue, it serves as a powerful call to action for both platforms to bolster their defenses and for users to enhance their personal security practices. Staying informed and cautious remains the best strategy in this dynamic digital frontier. Frequently Asked Questions (FAQs) Q1: What is Odin.fun and why did it halt trading? Odin.fun is a Bitcoin ecosystem platform that suspended trading to investigate abnormal withdrawals, with community members suspecting a platform vulnerability. Q2: How much Bitcoin was reportedly involved in the abnormal withdrawals? Approximately 60 BTC was reportedly transferred abnormally, leading to the Odin.fun trading halt. Q3: What does “crypto platform vulnerability” mean in this context? It refers to weaknesses in the platform’s systems or code that allowed unauthorized access and withdrawal of funds, compromising Odin.fun security . Q4: What steps can users take to enhance their digital asset safety? Users should diversify storage, use hardware wallets for large holdings, enable two-factor authentication, and stay informed about security advisories to protect their digital asset safety . Q5: Has Odin.fun faced similar issues before? Yes, the incident follows an April event where developer Bob Bodily liquidated assets due to theft concerns, indicating prior security challenges for the platform. Q6: When is Odin.fun expected to resume trading? As of now, there is no specific timeline for Odin.fun to resume trading, as the platform is currently focused on investigating the suspected vulnerability. Did you find this article insightful? Share it with your friends and on social media to help spread awareness about crucial crypto security practices! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption . This post Odin.fun Trading Halt: Urgent Concerns Over Crypto Platform Vulnerability first appeared on BitcoinWorld and is written by Editorial Team
The market was waiting for a clear signal from Tuesday’s CPI report but despite no increase in overall prices, certain items saw inflation jump to a two-year high. Ambiguous CPI Figures Leave Bitcoin Flat The U.S. Department of Labor Statistics published its consumer price index (CPI) data for July on Tuesday, revealing lower-than-expected inflation for
Bitcoin pulls back after falling short of ATH. ETH outperforms, ETFs hit record $1b+ inflows. Stripe building L1 blockchain for payments. Circle profit rises 53%, also building L1 chain. Strategy bought only $18m BTC last week. Metaplanet buys $61m BTC. BMNR now top ETH holders, bought $2b in a week. Sharplink sells $400m equity to buy ETH. Fundamental Global buys $200m ETH. FTX customers suing Fenwick. Do Kwon set to plead guilty in fraud case. Chainlink, ICE collab to bring FX & metals on chain. Thiel backed Bullish raises IPO size, $4.8b valuation. Paxos to pursue National Trust Charter in US. Blue Origin to allow crypto payments for space travel.
Key takeaways: Bitcoin price faces volatility around $120K. Our Bitcoin price prediction expects BTC’s price to reach $160K by the end of 2025 due to the bullish sentiment following the halving event. By 2031, BTC might touch $350,548 following increased institutional adoption. Since the beginning of 2024, Bitcoin’s price has doubled, but it has seen a notable 45% increase in just the two weeks following the presidential election. This boost has solidified Bitcoin’s role in the so-called “Trump trade,” with the president-elect’s positive stance on the cryptocurrency industry fueling investor optimism about this emerging asset class. As Bitcoin’s on-chain activities surge, questions arise, such as: “Does Bitcoin have the potential to hold above the $100K mark?” or “Will Bitcoin go up?” or “Where will Bitcoin be in 5 years?” Let’s answer them using our Bitcoin price prediction. Overview Cryptocurrency Bitcoin Ticker BTC Price $119,691 (+0.05%) Market cap $2.11 Trillion Trading volume (24-hour) $42.13 Billion (+18.9%) Circulating supply 19.87 Million BTC All-time high $111,970; May 22, 2025 All-time low $0.04865; Jul 15, 2010 24-hour high $119,899 24-hour low $117,589 Bitcoin price prediction: Technical analysis Metric Value Price Prediction $ 133,640 (+25.66%) Fear & Greed Index 65 (Greed) Sentiment Neutral Volatility 3.54% Green Days 16/30 (53%) 50-Day SMA $ 111,818 200-Day SMA $ 91,276 14-Day RSI 42.21 Bitcoin price analysis TL;DR Breakdown: BTC price analysis shows that Bitcoin surges above $120K Resistance for BTC is at $120,878 Support for BTC/USD is at $118,104 The BTC price analysis for 12 August confirms that BTC faces a surge in volatility as the price surges above $120K. The price is now aiming for a consolidation within a bullish channel. BTC price analysis 1-day chart: Bitcoin faces consolidation above $120K Analyzing the daily Bitcoin price chart, we see that Bitcoin faces buying demand as it hovers above $120K. Currently, buyers are triggering recovery rally, resulting in a retest of immediate Fib levels. The 24-hour volume has surged to $2.08 billion, showing a surge in trading interest today. BTC is trading at $119,691, surging by over 0.05% in the last 24 hours. BTCUSD Chart by TradingView The RSI-14 trend line has surged from its previous level and trades at 61, hinting that a bullish correction is on the edge. The SMA-14 level suggests volatility in the next few hours. BTC/USD 4-hour price chart: Bearish domination rises around EMA trend lines The 4-hour Bitcoin price chart suggests that bulls are strengthening their position to hold the price above the EMA trend lines. However, sellers are aiming for a trend continuation below $114K. BTCUSD Chart by TradingView The BoP indicator trades in a negative region at 0.43, showing that short-term sellers are taking a chance to accelerate a downward trend. Additionally, the MACD trend line has formed red candles below the signal line, and the indicator aims for negative momentum, strengthening short-position holders’ confidence. Bitcoin technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $ 104,740 BUY SMA 5 $ 111,429 BUY SMA 10 $ 114,548 SELL SMA 21 $ 116,818 SELL SMA 50 $ 111,818 BUY SMA 100 $ 107,343 BUY SMA 200 $ 91,276 BUY Daily exponential moving average (EMA) Period Value Action EMA 3 $ 105,503 BUY EMA 5 $ 103,787 BUY EMA 10 $ 98,961 BUY EMA 21 $ 93,313 BUY EMA 50 $ 90,453 BUY EMA 100 $ 90,298 BUY EMA 200 $ 86,428 BUY What to expect from BTC price analysis next? The hourly price chart confirms that Bitcoin is attempting to drop below the immediate support line; however, bulls are eyeing a recovery rally in the coming hours. If BTC’s price holds momentum above $120,878, it will fuel a bullish rally to $122,220. BTCUSD Chart by TradingView If bulls fail to initiate a surge, the BTC price may drop below the immediate support line at $118,104, beginning a bearish trend to $116,002. Is Bitcoin a good investment? The rising institutional demand for Bitcoin etfs makes it a good investment option in the crypto market. However, Bitcoin has a short investment history filled with very volatile market value. Whether it is a good investment depends on your financial profile, investment portfolio, risk tolerance, and investment goals. It is suggested to conduct investment advice of the financial markets and understand the financial system risks. Why is Bitcoin up today? Bitcoin faced a surge in buying demand as sellers failed to maintain domination around $117K. The recent lows triggered buying demand toward $120K. Will the BTC price reach $100K? Bitcoin price broke its much-anticipated mark of $100K, aiming for a new ATH. The price currently prepares to maintain its buying demand above $120K. Will BTC reach $1 million? $1 million is a significant milestone for the BTC price. However, it is achievable if Bitcoin continues to attract institutional interest in the coming years. Is Bitcoin a good long-term investment? As several institutions continue to accumulate BTC and Bitcoin faces a rise in global recognition, Bitcoin has a solid long-term future. Recent news/opinions on BTC Metaplanet Inc. has announced a major acquisition, purchasing 518 Bitcoin (BTC) for 9.1 billion yen (approximately $61.4 million). This purchase increases Metaplanet’s total Bitcoin holdings to 18,113 BTC. Bitcoin price prediction August 2025 Bitcoin’s price jumped to $123,000, making July its best month in 2025. This rise is partly because, in the past, Bitcoin has often grown a lot after its “halving” events. Analysts think the current market is following the same pattern, which could mean we’ll see a peak around September 2025. Bitcoin’s price might attempt to maintain an average price of $105,000 and be pushed further, at least $118,000 if strong downward pressures are not seen. However, we might see a rejection on the bearish side, leading to a consolidation at around $101,000. Bitcoin Price Prediction Potential Low Potential Average Potential High Bitcoin Price Prediction August 2025 $101,000 $105,000 $118,000 Bitcoin price prediction 2025 Historically, Bitcoin has been a significant crypto coin in the year following a halving, and it is expected to push up its price. Bitcoin miners might play a crucial role in holding bullish sentiment for future price movements. Spot Bitcoin ETFs are projected to be a key driver of Bitcoin prices and the broader cryptocurrency market in 2025. As a result, Bitcoin’s trajectory might follow a bullish trend ahead with rising treasury term premium. Furthermore, there is an increasing bullish sentiment that the base interest rates could be cut in the US, and thus, help to further the upward movement of Bitcoin . An outcome of which the 2025 year could be positive for Bitcoin, with its crypto-price perhaps touching $160,000 at the highest and the low could be around $68,000. Bitcoin Price Prediction Potential Low Potential Average Potential High Bitcoin Price Prediction 2025 $68,000 $120,000 $160,000 Bitcoin Price Predictions 2026-2031 Year Minimum Price Average Price Maximum Price 2026 $115,000 $130,000 $185,000 2027 $140,491 $170,100 $216,738 2028 $164,063 $185,068 $244,142 2029 $195,629 $200,312 $255,321 2030 $225,903 $248,568 $270,593 2031 $285,058 $303,555 $350,548 Bitcoin price prediction 2026 Bitcoin might witness slow growth after 2025’s halving surge, resulting in a surge in selling pressure. However, more financial products including a surge in ETF flows might hold BTC prices within a bullish region. The digital assets market sentiment shows bullish signals for Bitcoin hit new highs. As the overall sentiment gives a bullish outlook, one should research more about Bitcoin before investing. We might see a maximum price of $185,000, with a minimum price of $115,000 and average price of $130,000. However, BitMEX Ceo Arthur Hayes predicted the BTC price to touch $700K in 2026. Bitcoin price prediction 2027 Based on a detailed technical analysis of past Bitcoin price data, it is projected that in 2027, Bitcoin could see a minimum price of $140,491. The potential maximum price is estimated to be $216,738, with an average value of $170,100. Bitcoin price prediction 2028 By 2028, Bitcoin’s price is expected to reach a low of $164,063. Maximum price projections are as high as $244,142, averaging about $185,068 for the year. Bitcoin price forecast 2029 Projections for 2029 suggest that Bitcoin could be valued at a minimum of $195,629. The price may peak at as much as $255,321, with an average throughout the year expected to be around $200,312. Bitcoin (BTC) price prediction 2030 The forecast for 2030 suggests that Bitcoin’s price could start at a minimum of $225,903 and potentially rise to a maximum of $270,593. The average price is anticipated to stabilize at about $248,568 throughout the year. Bitcoin price prediction 2031 The forecast for 2030 suggests that Bitcoin’s price could start at a minimum of $285,058 and potentially rise to a maximum of $350,548. The average price is anticipated to stabilize at about $303,555 throughout the year. BTC price predictions Bitcoin Market Price Prediction: Analysts’ BTC Price Forecast Firm Name 2025 2026 Gov.Capital $118,300 $161,352 DigitalCoinPrice $135,487 $155,444 TradingBeasts $107,544 $154,235 CoinCodex predicts Bitcoin’s price could reach $158,827 by 2025, using the Bitcoin Rainbow Chart based on past volatility and the cyclical nature of Bitcoin Halving events. Cathie Wood of Ark Invest forecasts Bitcoin may hit $600,000 by 2030, with a potential rise to $1.5 million in her bull case scenario after Bitcoin ETF approval (Bitcoin exchange traded funds). Cryptopolitan’s Bitcoin (BTC) Price Prediction A surge in bitcoin adoption and the expansion of the Bitcoin ecosystem might end the controversy of “Bitcoin bubble” in future. This might boost the Bitcoin cost and strengthen the Bitcoin network. At Cryptopolitan, we are bullish on Bitcoin’s future price as the historical market sentiment is extremely impressive. By the end of 2025, Bitcoin might record a maximum of $160,000, with a minimum price of $68,000 and an average price of $120,000. However, Bitcoin’s future market potential entirely depends on its buying demand, regulation, and investor sentiment regarding long-term holdings. Crypto analysts provide a positive sentiment as macroeconomic trends turn promising. We expect Bitcoin price to surpass a high of $216,000 by the end of 2027. Bitcoin historic price sentiment BTC price history: Coinmarketcap Satoshi Nakamoto created Bitcoin in 2009, marking the first use of blockchain technology. Bitcoin was initially of little value, gaining significant traction and hitting over $15,000 during the 2017 boom, with further highs reached in 2019 and 2021. In 2021, Bitcoin peaked at $68,789.63 but dropped to $15,760 by December 2022 amid economic pressures, including inflation and geopolitical conflicts. By April 10, 2023, Bitcoin’s price surged 83%, breaking the $30,000 resistance level. Throughout mid-2023, Bitcoin’s value hovered around $30,000, nearly reaching $32,000 due to positive market sentiments and potential ETF approvals. Bitcoin experienced a significant price drop in mid-August 2023, falling to $25,000. However, its prices remained volatile, fluctuating between $26,000 and $29,500 in October. Bitcoin closed 2023 above $42,000, a 155% increase from the year’s start. In early 2024, Bitcoin rose above $45,000 on ETF anticipation but briefly dipped below $40,000 after approvals. It broke its 2021 all-time high in March, reaching $73,750.07 on March 14, before dropping below $60,000 in April. May saw another surge above $70,000, while June and July brought heavy fluctuations between $70K and $55K. Bitcoin rallied to $66K in September after a Fed rate cut, climbed to $70K in October’s Uptober rally, and surged toward $108K following Donald Trump’s victory in the November US elections. BTC ended 2024 consolidating below $95K. At the start of January 2025, BTC was trading between $92,788.13 and $95,824.39. However, it formed an ATH at $109,114 on January 20. In the weeks of February, the price of BTC dropped heavily as it dropped toward the $78K low. In March, the price of Bitcoin declined heavily and dropped toward a low of $76.6K. In April, the price of Bitcoin started recovering. By the end of April, it neared the critical $95K zone. In May, Bitcoin price skyrocketed and it formed a new ATH at $111,970. However, the price declined later, toward $104K. By the end of June, BTC price reclaimed the $108K level. In July, BTC price triggered a surge toward $123K; however, it faced strong selling pressure later.
Almost immediately after the CPI (consumer price index) report, DXY fell sharply to 98.225 The Core Consumer Price Index (Core CPI), which excludes food and energy sectors, rose to 3.1% on a year-over-year basis Ethereum only needs 10% more value to reach the new all-time high The US Dollar Index (DXY) has fallen significantly this year, down about 10 points. This marks its sharpest six-month drop since 1991, which is often good news for Bitcoin and other cryptocurrencies since digital assets usually serve as a hedge against dollar depreciation. Today, DXY held steady near 98.5 ahead of key US CPI data and a looming US-China tariff deadline. However, almost immediately after the CPI (consumer price index) report, DXY fell sharply to 98.225 . Speaking of the CPI report , it shows that headline CPI for July came in at +2.7% year-over-year, matching June but slightly below the expected 2.8%. However, the core CPI, which excludes food and energy sectors, rose to 3.1% on a year-over-year basis. This figure surpassed both the 2.9% recorded in June and market expectations, indicating that inflationary pressures are persistent. Related: July CPI Comes in Cool at … The post CPI Report Triggers Dollar Index (DXY) Drop, Sends ETH to $4,400 and BTC to $119.5K appeared first on Coin Edition .
The Ethereum price (ETH) is holding strong at $4,421 today , consolidating after a powerful rally even as the wider crypto market takes a breather. The second-largest cryptocurrency is now up 17% in the past week , 45% over the last month , and an impressive 67% year-on-year . This surge follows a record-breaking July, when Ethereum’s CME futures volume hit an all-time high of $118 billion , signaling growing institutional interest and setting the stage for what could be its next major breakout. This signals a massive rise in institutional demand for the token, and when combined with its superior fundamentals, it also points to a very positive long-term Ethereum price prediction . Ethereum Price Prediction: Record-Breaking Institutional Trading Signals $10K ETH Ahead Data from The Block reveals not only that the volume of CME Ethereum futures topped $118 billion last month, but also that open interest currently stands at $6.04 billion . This is also a record figure, and it is higher today than it was at the end of July, signalling that institutional interest in Ethereum continues to rise. Other bullish data includes the fact that Ethereum ETFs and strategic ETH reserves now account for around 7.98% of the total circulating supply of Ethereum , up from only 3% as recently as the beginning of April. Source: Strategic ETH Reserve The growth in such holdings has even accelerated in recent weeks, and currently shows no immediate sign of slowing down. And if we look at Ethereum’s price chart today, we see that its momentum remains incredibly strong. Its MACD (orange, blue) has recently touched its second-highest level of the year, while its relative strength index (yellow) remains above 60, having risen from an oversold 25 a week ago. This signals buying pressure, and while things have cooled a little today, it’s likely that we’ll see renewed gains by the end of the week. What’s particularly bullish about Ethereum is that it still remains 12% below its ATH of $4,878, which it set in November 2021. Source: TradingView As such, it still has more room to grow, and may not enter another quiet period until it clears $5,000. And in the medium- and long-term, we could see it reach higher levels by the end of the year. This is because Ethereum comfortably remains the biggest layer-one network in terms of total value locked, which stands at $91.67 billion (or 61% of the entire crypto sector). For this reason, the Ethereum price could pass $6,000 by Q4, before heading towards $10,000 in 2026. Bitcoin Hyper Presale Raises $8.6 Million: Could It Become the Next Big L2? While Ethereum is set to remain a dominant force, many traders are looking beyond the top caps and into smaller, newer tokens that can deliver much faster gains. This year alone, we have seen fresh names like SPX6900 , Pudgy Penguins , and Hyperliquid outperform expectations, along with presale projects such as Solaxy that rewarded early backers. One presale attracting serious attention right now is Bitcoin Hyper (HYPER) , a Solana-based Layer 2 network designed to bring speed, scalability, and new functionality to the Bitcoin ecosystem. It’s already seeing strong investor demand. $HYPER is on the Moon! 8M Raised! pic.twitter.com/7ZskFBsFgd — Bitcoin Hyper (@BTC_Hyper2) August 9, 2025 Bitcoin Hyper has already raised an impressive $8.6 million in its ongoing ICO, with investors rushing to secure tokens before they hit the open market. As a Bitcoin Layer 2, it will give BTC users faster transactions and lower fees, unlocking the Bitcoin network’s massive value for DeFi applications. By using zero-knowledge proofs alongside Solana’s Virtual Machine , Bitcoin Hyper combines high scalability with strong security, two features essential for mass adoption. The HYPER token will power the network, serving as the payment method for transaction fees. Once the platform launches, this built-in utility could drive significant demand and price growth. Investors can buy it now by going to the Bitcoin Hyper website and connecting a compatible wallet such as Best Wallet . HYPER is currently selling at $0.01265, although this will rise in a couple of days, and will continue to rise over the course of the sale. Click Here to Participate in the Presale The post Ethereum Price Prediction: Record-Breaking Institutional Trading Signals $10K ETH Ahead appeared first on Cryptonews .