Galaxy Digital Ethereum transfers moved nearly 7,000 ETH on-chain, shifting liquidity and contributing to short-term market volatility; these whale transfers coincide with BTC gaining 3.77% and an ETH 2.74% pullback,
Arbitrum’s breakout is a confirmed technical breakout: ARB surged after clearing a ten-day range, driven by a 222% spike in daily volume and bullish momentum indicators. Short-term retracement toward $0.56
According to COINOTAG on August 24, a longstanding Bitcoin whale deposited 5,000 BTC into Hyperliquid, a move reported as intended for conversion into ETH. The transaction value was cited at
Bloomberg Intelligence senior commodity strategist Mike McGlone has warned that gold’s persistent outperformance over equities and cryptocurrencies is flashing a warning sign for risk assets. He noted that for nearly eight years, the S&P 500 has failed to gain ground against gold, reversing a long-term trend where stocks consistently outpaced the metal. In an X post on August 23, McGlone said this divergence reflects fading confidence in human ingenuity and corporate earnings to deliver superior returns compared to hard assets. The concern extends to Bitcoin, often dubbed “digital gold,” which has also stalled against the metal. Even with the VIX at fresh lows, the cryptocurrency has struggled to sustain momentum. Gold Beating Stocks, Cryptos Is Disconcerting – It may be a distressing sign for risk assets that the S&P 500 and cryptocurrencies have flatlined vs. gold for nearly eight years. Stocks failing to beat the rock since 2017 counters long-term trends and the propensity for human… pic.twitter.com/eCCy5oVNox — Mike McGlone (@mikemcglone11) August 23, 2025 McGlone had previously argued that a rebound in volatility could push the VIX back to its 2025 average near 20, with Bitcoin gravitating toward its $100,000 mean. Still, he noted the asset remains weighed down by skepticism. Troubling dynamic His analysis highlighted a troubling dynamic where the S&P 500 measured in ounces of gold has been rolling over, tracking closely with U.S. 2-year Treasury yields. Historically, such declines have coincided with periods of stress for risk assets. The ratio now sits near multi-decade lows, underscoring gold’s steady outperformance. Meanwhile, pressures on the Federal Reserve complicate the outlook. With inflation above target 2% and long-term Treasury yields rising, the central bank faces growing calls to cut rates. McGlone stressed that in either case, gold stands to be one of the biggest beneficiaries. By contrast, cryptocurrencies continue to display frothy, bubble-like behavior, leaving Bitcoin’s leadership role vulnerable if confidence weakens further. Indeed, McGlone’s outlook comes at a time when all three asset classes have enjoyed positive momentum in 2025, notching new highs. Notably, while cryptocurrencies and stocks have faced volatility, gold has remained steady. Featured image via Shutterstock The post Strategist warns gold beating stocks and crypto is ‘disconcerting’ appeared first on Finbold .
Harvard economist Kenneth Rogoff has admitted that his infamous 2018 prediction, that Bitcoin (BTC) was more likely to be worth $100 than $100,000 in ten years, was spectacularly wrong. Writing on X, Rogoff acknowledged that he underestimated the OG cryptocurrency’s resilience, citing “sensible regulation never arriving,” its role in the global underground economy, and people in authority themselves holding crypto despite conflicts of interest. From $100 Call to $124K Reality The admission comes just days after Bitcoin set a new all-time high price above $124,000 on August 14, flipping Google’s market capitalization in the process. Rogoff’s climbdown has rekindled debate between critics and supporters alike over the gulf between academia and the real-world trajectory of digital assets. Back in January 2018, the former IMF chief economist told CNBC’s Squawk Box: “I think Bitcoin will be worth a tiny fraction of what it is now if we’re headed out 10 years from now,” the Harvard professor said. “I would see $100 as being a lot more likely than $100,000 ten years from now.” He claimed that the asset’s “actual uses as a transaction vehicle” were negligible outside of money laundering and tax evasion. He also insisted that regulation would eventually crush the cryptocurrency’s value. At the time, BTC was trading around $11,200 and was still reeling after dumping from its December 2017 peak near $19,000. Now, in 2025, with Bitcoin well above the $100,000 mark Rogoff had insisted the asset would never reach, his prediction is being ridiculed across social media. Analyst Bit Paine compared his mistake to a marine biologist mistaking a blue whale for weighing 200 pounds. Bitcoin proponent Robert Breedlove also came in hot, dismissing the professor outright, saying he never cared for his opinion then and still doesn’t now. However, others, like Columbia lecturer Omid Malekan, argued Rogoff’s misstep was a reflection of the wider “innovator’s dilemma” in academia, where reputational risk, institutional bias, and the lack of technical background may leave many economists unsuited to understand the importance of Bitcoin. Austin Campbell, a former JPMorgan executive, went further in a thread the same day, calling Rogoff “the single worst situated person in the entire world to understand the value of Bitcoin,” citing his privileged access to stable institutions and the dollar-based system. Meanwhile, economist Jan Wüstenfeld highlighted that Bitcoin’s appeal stems not from tax evasion as Rogoff had insinuated, but from systemic inflation, monetary expansion, and rising global debt loads. Market Outlook Bitcoin’s price has retreated since last week’s all-time high, slipping 7.3% over the past seven days to trade at $112,639 as of August 20. The decline follows profit-taking after its record run, though the asset remains up 86% year-on-year. In the last 24 hours, BTC dipped 2.1% within a range of $112,500 to $115,000, with short-term weakness contrasting its broader bullish trajectory. The post Harvard Economist Admits $100 BTC Prediction Fail, Blames Regulation and Underground Economy appeared first on CryptoPotato .
In a broadcast where Tom Lee was a guest, the potential of Ethereum and its role in the cryptocurrency world was discussed. One of the focal points of the debate was Bitcoin mining company Bitmine Immersion's shift to holding Ethereum as a treasury asset, a move the company described as an “asset-light” model that doesn't require capital expenditure. Lee's company, Funstrat, is also reportedly working with the ETH Foundation to encourage Wall Street to embrace the new technology. Lee emphasized the importance of using blockchain to make Wall Street faster and more efficient, saying that much of this is happening on ETH. Related News: BREAKING: New Donald Trump-Linked Altcoin Launch Date Is Announced He noted that companies like Robinhood are using ETH for tokenized products, particularly thanks to Ethereum's smart contract platform and Ethereum Virtual Machines (EVMs) for smart programs and contracts. He also reported that 60% of the stablecoin boom occurred in ETH and that the network value could rise from $250 billion to $4 trillion. It was also stated that ETH offers a 3% local yield thanks to its Proof-of-Stake model, and Bitmine’s $6.6 billion Ethereum holdings have the potential to generate more than $200 million in net income. Tom Lee predicts there's a 50% chance Ethereum's network value will surpass Bitcoin's within a few years. He said he thinks ETH is going through a period similar to 1971, the year the US dollar left the gold standard. *This is not investment advice. Continue Reading: Ethereum Bull Tom Lee Speaks About ETH: Says It’s Chance to Surpass Bitcoin
Ethereum price hit an all-time high of $4,885 on Aug. 22, 2025, driven by heavy short liquidations, a rapid fall in unstaking wait times and a sharp rise in the
Bitcoin price increased by 2.5%, trading around $115,700. The Whale Ratio indicates diminished whale influence in the market. Continue Reading: Bitcoin Gains Momentum as Market Dynamics Shift The post Bitcoin Gains Momentum as Market Dynamics Shift appeared first on COINTURK NEWS .
Ethereum (ETH) supporters on crypto X are sure that things just getting started for Ether
Major Bitcoin holders are shifting their assets to Ethereum. Significant trades have occurred, affecting Bitcoin and Ethereum prices. Continue Reading: Watch Billions in Bitcoin Move as Major Holders Turn to Ethereum The post Watch Billions in Bitcoin Move as Major Holders Turn to Ethereum appeared first on COINTURK NEWS .