Cardano price started a fresh increase from the $0.80 zone. ADA is now rising and might attempt a clear move above the $1.00 zone. ADA price started a fresh increase from the $0.80 support zone. The price is trading above $0.950 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.9350 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could extend gains if it clears the $1.00 resistance zone. Cardano Price Eyes Steady Increase After a sharp decline, Cardano found support near the $0.7650 zone and started a fresh increase, like Bitcoin and Ethereum . ADA was able to surpass the $0.80 and $0.850 resistance levels. There was a clear move above the $0.850 and $0.950 resistance levels. Finally, the price traded close to the $1.00 level. A high was formed at $0.9880 and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $0.7653 swing low to the $0.9880 high. Cardano price is now trading above $0.950 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.9350 on the hourly chart of the ADA/USD pair. Source: ADAUSD on TradingView.com On the upside, the price might face resistance near the $0.9880 zone. The first resistance is near $1.00. The next key resistance might be $1.020. If there is a close above the $1.020 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.120 region. Any more gains might call for a move toward $1.150 in the near term. Another Pullback In ADA? If Cardano’s price fails to climb above the $1.00 resistance level, it could start another decline. Immediate support on the downside is near the $0.960 level. The next major support is near the $0.9350 level and the trend line. A downside break below the $0.9350 level could open the doors for a test of $0.9120. The next major support is near the $0.880 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.960 and $0.9350. Major Resistance Levels – $0.9800 and $1.00.
Bitcoin (BTC) and altcoins are experiencing significant volatility. Currently, Bitcoin has reached a new record high, reaching over $124,400. While BTC is hitting a new ATH, Ethereum (ETH) is on the verge of a new ATH. ETH reached $4,780 intraday, its highest level since the end of 2021. Analysts say the rise in Bitcoin is due to rising corporate demand and growing expectations that the Fed will cut interest rates in September. Bitcoin Could Reach $150,000! While the general rise in the market is expected to continue, IG market analyst Tony Sycamore said that the rise is supported by institutional demand and the Fed, as well as the Trump administration’s moves to facilitate cryptocurrency investment. “Technically, a sustained rally above $125,000 could push BTC to $150,000.” The rise may continue until the end of the year! Speaking to The Block, BTC Markets crypto analyst Rachael Lucas also noted that the rally is being fueled by the same catalysts. She added that she expects Bitcoin to maintain its upward momentum through the end of the year. Bitcoin prices are rising due to expanding demand for institutional and spot ETFs. I anticipate a sustained upward trend for the remainder of the year. The combination of supply shortages and strong structural demand will support further increases through the end of the year.” Lucas added that Bitcoin will maintain its upward momentum for the rest of the year, but will experience a period of consolidation in the $120,000 to $125,000 range. *This is not investment advice. Continue Reading: Bitcoin (BTC) Rebounds, New ATH Arrives! What to Expect from Bitcoin Price Next? Here's the Reason for the Rise and Analysts' Latest Predictions!
The former social media marketing firm already holds 19.1 BTC, and is also exploring diversification into other digital assets with approval to hold up to $250 million in crypto. The move was announced as Bitcoin hit record highs above $124,000 and follows Donald Trump Jr.'s purchase of 350,000 shares in the company. Thumzup’s stock also gained 7.62% in after-hours trading. Thumzup Plans Major Crypto Push Thumzup Media Corporation, a former social media marketing firm that pivoted into cryptocurrency investing earlier this year, is ramping up its crypto ambitions after raising $50 million from investors. The company announced plans to expand its strategy to include large-scale cryptocurrency mining and targeted blockchain investments, with a portion of the new funding earmarked for building “state-of-the-art” mining infrastructure. Thumzup said it is in talks with mining technology providers to accelerate the rollout. Announcement from Thumzup The firm currently holds 19.1 Bitcoin, joining the growing list of publicly traded companies that have added cryptocurrencies to their balance sheets in a bid to boost shareholder value. Interestingly, Donald Trump Jr., son of US President Donald Trump, bought 350,000 shares in the company in early July, which was then worth about $3.3 million. Thumzup’s latest announcement was made as Bitcoin reached a new all-time high of $124,128 before easing to $123,683. Earlier this year, the company also revealed plans to diversify its holdings beyond Bitcoin into assets like Dogecoin, Litecoin, Solana, XRP, Ethereum, and USDC, with board approval to hold up to $250 million worth of crypto. Thumzum Media Corp share price over the past 24 hours (Source: Google Finance ) Shares in Thumzup rose 7.62% in after-hours trading to $10.87 on Wednesday, partially rebounding from a steep drop earlier in the week after the firm’s public offering announcement. The stock is still up nearly 194.5% year-to-date despite recent volatility.
BitcoinWorld Bitcoin Price Drop: Understanding the Shocking Fall Below $123,000 The cryptocurrency world is abuzz following a significant development: Bitcoin has experienced a substantial Bitcoin price drop , falling below the $123,000 mark. According to recent market monitoring by Bitcoin World, BTC is currently trading at $122,994.01 on the Binance USDT market. This sudden decline has captured the attention of investors and analysts alike, prompting questions about its causes and potential implications for the broader cryptocurrency market . What Triggered This Significant Bitcoin Price Drop? When a digital asset like Bitcoin sees such a notable decline, it often signals a confluence of factors. While specific reasons for this particular Bitcoin price drop are still being fully assessed, several elements commonly influence market movements. These can include large sell-offs by major holders, shifts in global economic sentiment, or unexpected regulatory news. Market Sentiment: Investor confidence plays a crucial role. Negative news or a wave of profit-taking can quickly cascade. Macroeconomic Factors: Broader economic concerns, such as inflation data or interest rate changes, often influence investor appetite for risk assets like Bitcoin. Liquidation Events: Large-scale liquidations of leveraged positions can accelerate price declines, creating a domino effect. Navigating Crypto Market Volatility: A Deeper Dive The nature of the cryptocurrency market is inherently dynamic, characterized by rapid price swings. This latest event underscores the reality of crypto market volatility , a trait that both attracts and challenges investors. Unlike traditional markets, crypto can react intensely to news, rumors, and even social media trends. Understanding this volatility is critical for anyone participating in the digital asset space. While the potential for high returns exists, so does the risk of swift corrections. Seasoned investors often prepare for such scenarios by maintaining a diversified portfolio and avoiding over-leveraged positions. It is a constant reminder that the digital asset landscape demands careful observation and a measured approach. Re-evaluating Your BTC Price Prediction After the Fall For many, this significant fall below $123,000 prompts a re-evaluation of their existing BTC price prediction . Short-term traders might look for opportunities to enter or exit positions, while long-term holders often view such dips as potential accumulation phases. It is important not to make impulsive decisions based solely on immediate price action. Instead, consider the long-term fundamentals of Bitcoin. Is the underlying technology still robust? Is adoption continuing to grow? These questions are vital for any sound investment strategy. While the current price point is notable, historical data suggests Bitcoin has shown resilience over extended periods, often recovering from significant downturns. Essential Bitcoin Analysis for Prudent Investors In times of market flux, thorough Bitcoin analysis becomes more important than ever. This involves looking beyond just the price chart. Examine trading volumes, funding rates, and on-chain metrics to gain a comprehensive understanding of market health. Additionally, keeping an eye on global economic indicators and regulatory developments can provide valuable context. For those considering their next steps, here are some actionable insights: Do Your Own Research (DYOR): Never rely solely on headlines. Investigate the underlying reasons for market movements. Consider Dollar-Cost Averaging (DCA): Instead of a lump sum, invest a fixed amount regularly to average out your purchase price. Manage Risk: Only invest what you can afford to lose and set clear stop-loss limits if you are actively trading. Ultimately, a robust BTC price prediction is built on a foundation of continuous learning and adaptive strategies. The recent Bitcoin price drop below $123,000 serves as a powerful reminder of the inherent volatility within the cryptocurrency market . While such movements can be unsettling, they also provide valuable lessons and opportunities for those who approach them with informed strategies. Staying updated with accurate Bitcoin analysis and understanding the dynamics of crypto market volatility are key to navigating these exciting yet unpredictable waters. Remember, the journey in crypto is often about patience and conviction, not just short-term gains. Frequently Asked Questions (FAQs) 1. What exactly happened to Bitcoin’s price? Bitcoin’s price recently experienced a significant Bitcoin price drop , falling below the $123,000 mark. It was observed trading at $122,994.01 on the Binance USDT market, indicating a notable decline from previous levels. 2. Why did BTC fall below $123,000? The exact reasons are often complex, but common factors for a substantial Bitcoin price drop include large-scale selling by major investors, shifts in global economic sentiment, and broader concerns impacting the cryptocurrency market . Market monitoring suggests a combination of these elements likely contributed. 3. How does this impact the broader cryptocurrency market? As the largest cryptocurrency, Bitcoin’s movements often influence the entire cryptocurrency market . A significant Bitcoin price drop can lead to altcoins also experiencing declines, increasing overall crypto market volatility and impacting investor sentiment across the board. 4. What should investors do after a significant Bitcoin price drop? Investors should prioritize calm and conduct thorough Bitcoin analysis . Avoid panic selling. Consider reviewing your investment thesis, assessing your risk tolerance, and potentially employing strategies like dollar-cost averaging if you believe in Bitcoin’s long-term potential. Always do your own research. 5. Is this a good time for Bitcoin analysis? Yes, times of significant price movement are ideal for in-depth Bitcoin analysis . It allows investors to study market reactions, identify potential support and resistance levels, and refine their future BTC price prediction based on current data and evolving market conditions. 6. What is the long-term BTC price prediction after this event? While a short-term Bitcoin price drop can be concerning, many long-term BTC price prediction models remain optimistic, citing Bitcoin’s fixed supply, growing institutional adoption, and increasing utility. However, the long-term outlook always depends on various factors including global economic health and regulatory clarity. Did you find this article insightful? Share it with your friends and fellow crypto enthusiasts on social media to help them understand the latest developments in the cryptocurrency market ! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Bitcoin Price Drop: Understanding the Shocking Fall Below $123,000 first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin bulls are eyeing $130,000 after a new record peak
Ethereum ETFs are attracting record institutional inflows, narrowing the gap with Bitcoin and intensifying upward price pressure.
Bitcoin prices reached a new peak of $124,130 in early trading in Asia on Thursday morning, according to CoinGecko. It traded even higher on exchanges with a premium, such as Coinbase and Bitstamp. The asset has gained 3.4% on the day, climbing from an intraday low of $119,000 and exceeding its July 14 peak of $123,300. BTC has added almost 8% over the past week, partly driven by easing global trade tariff tensions and US CPI (core inflation) remaining high, which increases the odds of a September rate cut. Bitcoin Flips Google The move pushed Bitcoin’s market capitalization to $2.46 trillion, which enabled the asset to flip Google (Alphabet) for the metric, becoming the world’s fifth-largest asset. $BTC is now the 5th largest asset in the world by market cap, surpassing Google. $BTC – 2.456T $GOOG – 2.450T pic.twitter.com/THBXQsiXBR — CoinGecko (@coingecko) August 14, 2025 Analyst ‘Rekt Capital’ said that the $126,000 level “will be the pivotal price point going forward,” as a convincing break will send the asset much higher. Venture capitalist Chris Burniske predicted an October top for Bitcoin, stating, “if I were to pick numbers, which we all know is a grade above guessing, I’d say BTC to 142,690.” He also made some bold predictions for Ether to reach $6,900 to $8,000 and for Solana to hit $420 this cycle. “The crazier prices get in August/September/October, the more conviction I’ll have in an October top. If we pull back hard soon and get more muted, then perhaps we can extend this bull [market] for longer.” “The record highs we’re seeing in Bitcoin and Ethereum are being fueled by an unprecedented wave of institutional capital,” said Rachael Lucas, crypto analyst at BTC Markets, who added: “Corporate treasuries are amplifying the supply squeeze. Public and private companies, along with sovereign entities, now control over 3.64 million BTC, worth roughly $447 billion, which is more than 17% of the total supply.” Ethereum Inches Close to ATH Ether also remains hot with a four-year high of $4,770 during the Thursday morning Asian session. This brought the asset to within 2.5% of its 2021 all-time high, and breaking it this week now seems inevitable. “Ethereum has reached its final major weekly resistance before new all-time highs,” said analyst ‘Rekt Capital’, who explained that the asset will need to turn $4,630 into new support to confirm the upside into price discovery. $ETH Ethereum has reached its final major Weekly resistance before new All Time Highs Ethereum will need to turn ~$4631 (black) into new support to confirm upside into Price Discovery The last time ETH was at these highs, price upside wicked beyond black for 3 weeks before… https://t.co/XkRUEmE5m4 pic.twitter.com/DweH51Q2jc — Rekt Capital (@rektcapital) August 13, 2025 Additionally, Bitcoin dominance has fallen below 60% which could signal the onset of altseason. The post Bitcoin Tops $124K in New Peak as Crypto Market Cap Hits ATH appeared first on CryptoPotato .
Thumzup Media Corporation has announced plans to dramatically expand its presence in the cryptocurrency sector following a $50 million funding round. The firm, which began as a social media marketing business, is now pivoting toward large-scale crypto mining and targeted blockchain investments. New Strategy and Investments The company revealed it will use part of the funding from its $10-per-share offering to develop “state-of-the-art cryptocurrency mining infrastructure.” It is currently engaging with mining technology providers to accelerate the buildout. Thumzup also confirmed it now holds 19.1 Bitcoin, having first entered the crypto market in early January. This move aligns with a trend among public companies seeking to bolster their share value through cryptocurrency holdings. Trump Family Connection A notable shareholder in Thumzup is Donald Trump Jr., who purchased 350,000 shares in July for nearly $3.3 million, according to regulatory filings. The purchase adds to the Trump family’s growing presence in the crypto space. Bitcoin Price Surge Thumzup’s expansion comes as Bitcoin hit an all-time high of $124,128 before slightly cooling to $123,683. Market optimism has traders eyeing a potential push above $125,000. Thumzup has also outlined plans to diversify its holdings to include Dogecoin, Litecoin, Solana, XRP, Ether, and USDC, with approval to hold up to $250 million in crypto. Stock Market Performance Shares in Thumzup rose 7.62% in after-hours trading on Wednesday to $10.87, recovering from earlier losses. The stock is up nearly 195% in 2025, with its latest all-time high of $15.46 recorded on August 8. However, it faced a sharp drop earlier in the week after announcing a preferred stock offering, which was later amended. Global Crypto Holdings Trend Other firms are also increasing their Bitcoin reserves despite the recent price surge. Sweden’s H100 Group recently bought 45.8 BTC, bringing its total to 809.1 BTC — the fourth-largest holding among European public companies. The move cements the ongoing trend of corporate Bitcoin accumulation, even at record-high prices.
XRP price is moving higher above the $3.250 zone. The price is showing positive signs and might aim for a move above the $3.350 resistance. XRP price is attempting to clear the $3.350 zone. The price is now trading above $3.250 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $3.288 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $3.350 zone. XRP Price Could Gain Bullish Momentum XRP price formed a base above the $3.150 level and started a fresh increase, like Bitcoin and Ethereum . The price gained pace for a move above the $3.20 and $3.25 resistance levels. The bulls pumped the price above the $3.280 resistance. Moreover, there was a break above a bearish trend line with resistance at $3.288 on the hourly chart of the XRP/USD pair. A high was formed at $3.350 and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $3.10 swing low to the $3.350 high. The price is now trading above $3.30 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.350 level. The first major resistance is near the $3.3650 level. A clear move above the $3.3650 resistance might send the price toward the $3.40 resistance. Any more gains might send the price toward the $3.450 resistance or even $3.480 in the near term. The next major hurdle for the bulls might be near the $3.50 zone. Another Pullback? If XRP fails to clear the $3.350 resistance zone, it could start a fresh decline. Initial support on the downside is near the $3.290 level. The next major support is near the $3.200 level or the 61.8% Fib retracement level of the upward move from the $3.10 swing low to the $3.350 high. If there is a downside break and a close below the $3.20 level, the price might continue to decline toward the $3.150 support. The next major support sits near the $3.080 zone, where the bulls might take a stand. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.20 and $3.150. Major Resistance Levels – $3.350 and $3.450.