BitcoinWorld Resilient Crypto Market Correction: A Healthy Phase for Bitcoin’s Future The cryptocurrency world is currently experiencing a notable dip, leading many to question the market’s stability. However, leading experts are providing a different perspective. They view this recent decline not as a cause for alarm, but as a healthy crypto market correction , signaling resilience and a natural part of its growth cycle. This viewpoint suggests that the market is simply rebalancing after a period of rapid gains. Understanding the Current Crypto Market Correction David Siemer, co-founder and CEO of Wave Digital Assets, has characterized this most recent crypto market movement as a healthy one. He explains that profit-taking crypto is perfectly normal after a sharp rally. It allows the market to consolidate gains and prepare for future growth. During this period, over $1 billion worth of cryptocurrency futures positions faced liquidation in the past 24 hours. Most of these were long positions, indicating that excessive leverage is being cleared from the system. This clearing process is often seen as beneficial, setting the stage for more sustainable price action. Why is Bitcoin’s Role Crucial in Institutional Crypto Strategies? According to CoinDesk, Siemer emphasized that Bitcoin’s role remains central within institutional cryptocurrency strategies. Large financial institutions and asset managers continue to view Bitcoin as a fundamental component of their digital asset portfolios. This sustained interest from significant players provides a strong foundation for the entire crypto ecosystem. Institutional adoption means more than just buying Bitcoin; it involves integrating it into broader investment frameworks. These sophisticated institutional crypto strategies often involve long-term holding periods and diversification, which helps absorb short-term volatility. Their continued commitment underlines Bitcoin’s perceived value as a store of wealth and a hedge against traditional market uncertainties. Is the Market Outlook Positive Despite the Dip? Joel Kruger, a market strategist at LMAX Group, added his voice to the optimistic chorus. He stated that the current profit-taking crypto activity is not surprising given the market’s previous ascent. Importantly, Kruger maintains that the overall market outlook positive , suggesting that the decline will likely end soon. This sentiment is crucial for investor confidence. It implies that the underlying fundamentals of the crypto market remain strong, and the current price action is merely a cyclical adjustment rather than a sign of deeper issues. A positive outlook encourages long-term investors to hold their positions or even consider buying the dip. Navigating Profit-Taking in Crypto Investments For individual investors, understanding the concept of profit-taking crypto is essential. It is a natural market phenomenon where investors sell their digital assets to lock in gains, especially after a significant price increase. This activity contributes to the ebb and flow of the market. Rather than panic selling, consider these periods as opportunities. A healthy crypto market correction can present chances for dollar-cost averaging or rebalancing your portfolio. Focusing on long-term goals and fundamental analysis can help navigate these short-term fluctuations effectively. In conclusion, the recent downturn in the crypto market is largely being interpreted as a healthy and necessary adjustment. Experts like David Siemer and Joel Kruger highlight the normalcy of profit-taking crypto and reinforce the robust nature of Bitcoin’s role within institutional frameworks. The overarching market outlook positive , suggesting that this temporary phase will soon give way to renewed growth and stability for the digital asset space. This perspective offers reassurance, painting a picture of a resilient and maturing industry. Frequently Asked Questions (FAQs) Q: What does a ‘healthy crypto market correction’ mean? A: A healthy crypto market correction refers to a temporary decline in asset prices after a significant rally. It’s considered normal and beneficial as it clears out excess speculation and leverage, allowing the market to consolidate gains and build a stronger foundation for future growth. Q: Why is Bitcoin considered a core asset for institutions? A: Bitcoin is seen as a core asset for institutional crypto strategies due to its scarcity, decentralized nature, and growing acceptance as a store of value. Institutions often view it as a long-term investment and a potential hedge against inflation, integrating it into their diversified portfolios. Q: What is ‘profit-taking crypto’ and how does it affect the market? A: Profit-taking crypto is when investors sell their digital assets after a period of price appreciation to realize their gains. While it can lead to short-term price dips, it’s a natural part of market cycles. It helps rebalance the market and prevents assets from becoming overvalued, contributing to a more sustainable market outlook positive. Q: How long do these market corrections typically last? A: The duration of a crypto market correction can vary significantly, from a few days to several weeks or even months. Experts like Joel Kruger suggest that the current decline will likely end soon, indicating that the underlying market sentiment remains strong despite the temporary dip. Q: Should I be worried about the recent liquidations in crypto futures? A: While large liquidations, particularly of long positions, can cause sharp price drops, they often serve to ‘cleanse’ the market of excessive leverage. This can lead to a healthier market environment in the long run, reducing speculative bubbles and fostering more stable growth. Did this analysis help you understand the current crypto market dynamics better? Share this article with your friends and fellow investors on social media to spread valuable insights and foster informed discussions! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin’s institutional adoption. This post Resilient Crypto Market Correction: A Healthy Phase for Bitcoin’s Future first appeared on BitcoinWorld and is written by Editorial Team
The crypto market’s euphoric bull run has been brutally shattered as over $1.05 billion in liquidations swept through digital assets following unexpectedly high U.S. inflation data. On August 14, the U.S. Bureau of Labor Statistics (BLS) released July Producer Price Index (PPI) data showing an annual rate of 3.3%, with the previous month’s figure revised upward from 2.3% to 2.4%. This exceeded market expectations of 2.5% and brought the month-over-month PPI inflation to its hottest point since March 2022. This week's inflation data was not ideal. Core CPI inflation is now up to 3.1% and both headline and Core PPI inflation are above 3.0%. As seen in the below chart, per Zerohedge, PPI inflation is clearly re-accelerating. But, here's where it gets even more interesting. pic.twitter.com/xOI6nYu778 — The Kobeissi Letter (@KobeissiLetter) August 14, 2025 The surprise inflation reading has had devastating consequences for crypto markets, which plummeted by 2.2% amid cascading liquidation waves hitting Bitcoin, Ethereum, XRP, Solana, and other major cryptocurrencies. $1.05B Liquidation Massacre Indicates Pause in the Crypto Bull Run Data from Coinglass reveals the extent of the massacre, showing that over the past 24 hours, more than $781 million in long positions were obliterated while over $270 million in shorts were simultaneously wiped out. Bybit bore the heaviest casualties, accounting for over 42% of liquidations with approximately $447 million in leveraged positions destroyed. Other major centralized exchanges, including Binance, OKX, and Gate.io, recorded combined liquidations totaling $495 million. Source: Coinglass Examining asset performance, Ethereum (ETH) suffered the most severe damage, falling 3.78%, with over $229 million in long positions and $80.22 million in short positions annihilated. Bitcoin (BTC) declined 2.98%, erasing over $253 million in leveraged positions. Other major casualties included SOL (-5.12%), XRP (-6.63%), DOGE (-8.90%), and SUI (-6.73%). Source: Coinglass Only Cardano (ADA) managed to stay in positive territory among the top 20 cryptocurrencies, gaining 3.96%. The liquidation frenzy claimed notable victims, including popular trader AguilaTrades, who lost 18,323 ETH ($83.56 million), leaving only $330,000 in their account. Caught in the market crash, AguilaTrades( @AguilaTrades ) was liquidated for 18,323 $ETH ($83.56M) again. His total losses exceeded $37M, leaving him with only $330K in his account. https://t.co/LeSb2QO0PX pic.twitter.com/wNf4JNwemb — Lookonchain (@lookonchain) August 14, 2025 The massive sell-off comes as a shocking reversal, given that Bitcoin just achieved a new all-time high of $124,457 in the early hours of August 14. Ethereum was merely $120 away from setting its own record, while Solana appeared set to challenge previous peaks after breaking above $208. The trio now trades at drastically reduced levels, with Bitcoin at $118,089, Ethereum at $4,586.76, and Solana at $194.18. Treasury Secretary Crushes Crypto Bull Run Dreams Adding fuel to the bearish fire, Treasury Secretary Scott Bessent declared on FOX Business Live that “THE U.S. WILL NOT BE BUYING ANY BITCOIN.” He clarified that the government will only retain the $15-$20 billion in Bitcoin currently held and any additional assets obtained through confiscation. JUST IN: Treasury Secretary Bessent says the US Government is "not going to be buying" Bitcoin. pic.twitter.com/vL79P531CP — Watcher.Guru (@WatcherGuru) August 14, 2025 This statement directly contradicts previous promises regarding a U.S. Bitcoin stockpile and a Strategic Bitcoin Reserve , dealing another blow to market sentiment. While Bessent indicated the government would cease selling its Bitcoin holdings, the gloomy revelation has propagated the “market has topped” narrative, prompting many investors to exit positions at losses or breakeven points. Market psychology has undergone a dramatic transformation, reflected in the crypto Fear and Greed Index , which currently stands at 66. Source: CoinMarketCap This represents a major journey from the extreme fear level of 15 recorded in March. Just one week ago, the index registered a neutral 51, but Ethereum’s impressive rally and Bitcoin’s overlapping surge rekindled hopes of a generational bull run. The sudden liquidation event has crushed these aspirations, leaving market participants in a state of exhaustion. Crypto analyst “TradeWithThanos” warns that a bear market may be imminent and advises extreme caution, particularly ahead of the next FOMC meeting in September. However, prominent key opinion leader Ansem maintains optimism, asserting that 2025 and 2026 will prove most rewarding for crypto assets, suggesting the market top has not yet been reached. sentiment on altcoins is at all time lows with $BTC & $ETH @ all time highs and the most attention *ever* on the space from outsiders my bet is 2025 & 2026 will be the most fruitful for cryptoassets, and will be driven by innovative protocols gaining meaningful traction https://t.co/uj1dqh5CYS — Ansem (@blknoiz06) August 14, 2025 Bitcoin Technical Analysis Points to Further Downside From a technical perspective, the BTC/USD daily chart indicates that the price recently swept liquidity into a rejection block and failed to break higher, indicating a potential reversal zone. The current level of around $119,000 has established itself as a formidable resistance, with the price rejecting after tapping into a fair value gap (FVG). Chart analysis suggests that if this rejection persists, Bitcoin could retrace toward the mid-$110,000 region. Source: TradingView/ TradeNation The unfilled gap around $108,000–$110,000 presents a strong price magnet, aligning with the last unfilled gap from the recent rally. Should this support level fail, deeper purple support zones could face testing. Overall, the technical bias favors a corrective downward movement before any renewed attempt to reclaim recent highs. The post $1.05B Liquidation Tsunami Wrecks Crypto Bulls Following Hot US Inflation Data – Bull Run Over? appeared first on Cryptonews .
The Bitcoin miner’s pivot into AI infrastructure hosting includes a decade-long colocation agreement with Fluidstack, backed by Alphabet’s Google.
Bitcoin, the biggest cryptocurrency in the world, has recently reached a new peak, and SpaceX is benefiting from the surge. The aerospace company, led by Elon Musk, now holds over $1 billion worth of Bitcoin. This milestone comes as the top coin recently reached a fresh all-time high. The rise in Bitcoin’s value is part of a wider market surge driven by hopes of lower interest rates in the United States. The SpaceX Bitcoin History Recent data from Arkham Intelligence shows that SpaceX currently owns 8,285 BTC, valued at about $1.02 billion. This is not the first time SpaceX’s crypto stash has been over $1 billion. In April 2021, its Bitcoin was worth about $1.8 billion, with roughly 28,000 BTC. However, in mid-2022, SpaceX cut its holdings by around 70% during a tough time for the crypto market. That year saw major events such as the collapse of the Terra-Luna project in May. Adding to the woes, the FTX exchange went bankrupt in November, among other market failures. Since that time, SpaceX has not bought more Bitcoin. Tesla, also led by Elon Musk, sold most of its Bitcoin in 2022. It now holds 11,509 BTC worth about $1.42 billion, showing caution during the market downturn. Bitcoin Hits New Record Before Falling Amid Ongoing Volatility The flagship crypto price hit a new peak on August 13, going above its previous record set in July. It reached more than $124,300 before settling at about $123,117. The surge pushed Bitcoin’s market value to $2.452 trillion, higher than Google’s $2.448 trillion. However, its price has now fallen to $119,047, down by 2.24% in the last 24 hours, according to CoinMarketCap data. This is due to market volatility and uncertainty. Many crypto and financial experts have commented on Bitcoin’s highly volatile nature in the past. In March, Deutsche Bank said the top coin is likely to stay highly volatile , stating that its fixed supply limit of 21 million coins adds to this problem of low liquidity. Bitcoin Rally Fueled by Hopes of Fed Rate Cut and Bull Market Ahead The latest rise in Bitcoin, Ethereum (ETH), and other cryptocurrencies is linked to expectations that the U.S. Federal Reserve may cut interest rates in September. This optimism grew after July’s inflation rate stayed the same as June’s, despite pressure from tariffs. The steady figure increased expectations of a potential rate cut. Also, analysts revealed that Bitcoin is in a mid-cycle phase that could lead to a major bull run. They predict its price could rise four to ten times, possibly topping $500,000 in the coming years. This could also trigger gains in other digital coins. All eyes are now on the top coin to see whether it can surpass Apple’s valuation of $3.4 trillion . The post SpaceX’s Bitcoin Holdings Tops $1 Billion as Price Hits Record High appeared first on TheCoinrise.com .
BitcoinWorld Lending Protocol Deposits Soar: Unveiling the Astounding $100 Billion Milestone The world of decentralized finance just hit a massive milestone! Total lending protocol deposits have officially reached an astounding all-time-high of $100 billion. This significant achievement, reported by Unfolded via X, underscores the rapidly expanding trust and participation in the DeFi ecosystem. For anyone tracking the pulse of cryptocurrency lending , this figure is a clear signal of robust growth and increasing utility within the space. What’s Driving This Monumental Growth in Lending Protocol Deposits? This remarkable surge in lending protocol deposits isn’t happening in a vacuum. Several factors contribute to the escalating interest in DeFi lending platforms. Investors and users are increasingly drawn to the unique opportunities these protocols offer, moving beyond traditional finance models. Attractive Yields: Many DeFi lending protocols offer significantly higher interest rates on deposits compared to traditional savings accounts. This potential for greater returns naturally attracts capital. Accessibility: Decentralized finance removes many barriers to entry. Anyone with an internet connection and cryptocurrency can participate, regardless of geographical location or credit score. Transparency: Operations on blockchain-based protocols are typically transparent and auditable. Smart contracts govern the rules, providing a level of trust that appeals to many users. Innovation: The continuous development of new features, improved user interfaces, and integration with other DeFi primitives makes these platforms more appealing and user-friendly. The Mechanics Behind Crypto Deposits: How Do Lending Protocols Work? Understanding how crypto deposits function within these protocols is key to appreciating their success. At its core, a lending protocol facilitates peer-to-peer or pooled lending and borrowing using smart contracts on a blockchain. When you make a deposit, you are essentially providing liquidity to the protocol. Here’s a simplified breakdown: Depositing Assets: Users deposit cryptocurrencies (like stablecoins, Ethereum, or Bitcoin) into a smart contract. These deposited funds form a liquidity pool. Earning Interest: In return for providing liquidity, depositors earn interest, which comes from borrowers paying interest on the funds they take out. The interest rates often fluctuate based on supply and demand within the protocol. Borrowing Assets: Other users can then borrow from this liquidity pool, typically by providing collateral (often more valuable than the borrowed amount) to secure their loan. This overcollateralization protects the lenders. Automated Management: Smart contracts automate the entire process, from interest accrual to collateral management and liquidation if a loan becomes undercollateralized. This automation reduces the need for intermediaries. This system has allowed for an unprecedented flow of capital into the decentralized finance ecosystem, culminating in the impressive $100 billion milestone. Navigating the Landscape: Opportunities and Challenges in Decentralized Finance While the $100 billion milestone for lending protocol deposits highlights immense potential, it’s crucial to acknowledge both the opportunities and the inherent challenges within the decentralized finance space. This balance is vital for informed participation and sustainable growth. Opportunities abound: Passive Income Generation: Depositing idle crypto assets can generate substantial passive income through lending interest and sometimes additional token rewards. Financial Inclusion: DeFi offers financial services to anyone with internet access, potentially banking the unbanked globally. Innovation Hub: The sector is a hotbed of innovation, constantly evolving with new protocols, strategies, and integrations. However, challenges persist: Smart Contract Risks: Bugs or vulnerabilities in smart contract code can lead to significant financial losses. Audits help, but risks remain. Volatility: The underlying cryptocurrency assets are highly volatile, which can impact collateral values and overall portfolio health. Regulatory Uncertainty: The regulatory landscape for DeFi is still evolving, posing potential risks for future operations and compliance. Impermanent Loss: While more common in liquidity pools for DEXs, understanding how asset price changes can affect returns is crucial for any DeFi participant. To navigate this dynamic environment, users should conduct thorough research, understand the risks associated with specific protocols, and consider diversifying their crypto deposits across different platforms and assets. The $100 billion in lending protocol deposits marks a significant chapter in the maturation of decentralized finance. It reflects a growing confidence in the utility and potential of DeFi lending as a viable alternative to traditional financial services. As the ecosystem continues to evolve, these protocols will likely play an even larger role in shaping the future of global finance. This milestone isn’t just a number; it’s a testament to the collective belief in a more open, accessible, and efficient financial future. Frequently Asked Questions (FAQs) Q1: What exactly are lending protocols in cryptocurrency? A1: Lending protocols are decentralized applications (dApps) built on blockchain technology that allow users to lend and borrow cryptocurrencies without needing traditional financial intermediaries like banks. They use smart contracts to automate the terms and conditions of loans. Q2: Why have lending protocol deposits reached such a high value? A2: The surge is primarily driven by attractive interest rates offered compared to traditional finance, increased accessibility for global users, the transparency of blockchain operations, and continuous innovation within the decentralized finance sector. Q3: Are there significant risks associated with depositing funds into lending protocols? A3: Yes, risks include smart contract vulnerabilities, the inherent volatility of cryptocurrency assets, potential for impermanent loss (though less direct in simple lending), and an evolving regulatory environment. Always conduct thorough due diligence. Q4: How can an individual participate in crypto lending? A4: To participate, you need a cryptocurrency wallet, some crypto assets to deposit, and to choose a reputable lending protocol. Research different protocols, understand their terms, and connect your wallet to deposit your assets into their liquidity pools. Q5: What is the significance of the $100 billion milestone for decentralized finance? A5: This milestone signifies a major vote of confidence in the stability and utility of DeFi. It demonstrates the growing adoption of decentralized financial services and positions lending protocols as a foundational component of the future financial landscape. If you found this article insightful, consider sharing it with your network! Help us spread the word about the incredible growth and potential of decentralized finance. To learn more about the latest crypto market trends, explore our article on key developments shaping decentralized finance institutional adoption. This post Lending Protocol Deposits Soar: Unveiling the Astounding $100 Billion Milestone first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin market dominance slipped to 57.4% throughout the last six months, reflecting a growing investor appetite for altcoins. Google Trend data has also confirmed the statistics showing an increased search interest in altcoins, with investors moving funds towards Ethereum, Solana, and Dogecoin. Data on Coingecko shows Bitcoin has a share of total cryptocurrency by market capitalization at 57.4% down from 61.7% last week. Some analysts have revealed that it is a potential precursor to altcoin season when non-Bitcoin assets post such gains. Bitcoin has shed at least six percentage points over the previous two months, from 65%. ETH market share climbs to 13.6% due to ETF Momentum as BTC dominance falls The current shift is also evident in online search activity. According to data from Google Trends, altcoin searches have spiked amid the slip in BTC dominance. Some market trackers have attributed it to retail traders seeking exposure to non-Bitcoin assets. The interest is reflected in the price action across major coins, including Ethereum and Solana. Track Bitcoin Dominance👇 https://t.co/NOsQAoGLSR — CryptoRank.io (@CryptoRank_io) August 14, 2025 Ethereum market dominance has risen to 13.62%, which is mainly supported by the recent surge towards its all-time high. Ether has surged by a 51.68% monthly increase, propelling the price to ~$4,700, just 3.5% below its all-time high of $4,890 set in November 2021. During the weekly timeframe, ETH has risen by 28%, which is primarily contributed to by massive inflows into ETFs. The recent notable result was a net inflow of ~$1.08 billion in one day alone. As reported recently by Cryptopolitan, the massive net inflow was contributed mainly by BlackRock’s ETHA fund receiving ~$640 million and Fidelity FETH collecting ~$ 276 million. Combined, Ethereum ETFs now hold ~$26 billion in assets under management. Leading altcoins such as Solana and Dogecoin have also posted significant results in recent months. Solana has risen by 23% and Dogecoin 21% over the past seven days, ranking high on the list of top gainers in the past week by market capitalization. Some analysts have attributed these movements to a shift in investor interest into altcoins and the momentum of Ethereum’s ETFs. Others said that Bitcoin’s declining dominance signifies capital rotation. They noted that if the rotation goes on, Bitcoin’s dominance may drop further to the 47-48% range, marking the shift towards altcoin season. Also, in such seasons, large capitalized altcoins usually gain market share quickly before Bitcoin eventually reasserts its dominance. Bitcoin price holds steady as its dominance continues to drop Bitcoin remains near its all-time highs, currently trading at $118,152.00. It has fallen by 4.22% today with a market capitalization of $2,365.46B. The YTD shows that BTC has risen by 26%, signaling positive investor confidence in the coin despite a falling dominance. Some industry analysts have cautioned that the shift towards altcoins comes with the risk of market saturation. They noted that the altcoin market is flooded with projects that lack sustainable business models, active deployment teams, or insufficient liquidity. According to them, those factors contribute to volatility and steep price corrections. Industry experts have recommended diversifying funds into projects with fundamentals and active development teams. They have urged investors to perform thorough due diligence on each asset, technology, leadership, and community engagement. They suggested risk management tools such as stop-loss orders, and investing only when necessary and with what you can afford. Sustained inflows help maintain the upward trend experienced by altcoins, while Bitcoin’s rebound may reverse some of the recent gains in the altcoin market. The current decline in BTC dominance has reflected a broader shift in the digital asset ecosystem. Investors are diversifying beyond Bitcoin towards other blockchain technologies such as NFTs and Layer 2 scaling. It remains uncertain whether the current trend will keep the momentum or Bitcoin will rebound to its dominance. Get $50 free to trade crypto when you sign up to Bybit now
Bitcoin’s (BTC) price action saw two extremes as it surged to a new all-time high before losing momentum. The flagship cryptocurrency crossed $124,000 and set a new all-time high of $124,533. However, it plummeted below $120,000 almost immediately following an unsettling US PPI report. The report revealed that wholesale inflation surged far beyond expected levels, jeopardizing expectations of a rate cut. Investor sentiment was further soured after US Treasury Secretary Scott Bessent ruled out new Bitcoin purchases. BTC is down nearly 4%, trading around $118,626. Block Reveals Modular Bitcoin Mining System Block, a fintech company, has announced the launch of a new modular Bitcoin mining system, Proto Rig. It also launched a free, open-source fleet management software. The company made the announcement during an event at Core Scientific’s Dalton, Georgia, facility. Core Scientific is already using Block’s Proto Rigs for mining activity. Proto Rig features a modular design that allows operators to upgrade individual hashboards. It extends the lifespan of a mining rig to ten years, reducing costs by 15% to 20%. Thomas Templeton, Hardware Lead at Block, stated in a press release, “Mining hardware hasn’t really changed in years. Machines break often, are hard to repair, expensive, and time-consuming to upgrade, and don’t make the most efficient use of power or space.” BlackRock’s Crypto Portfolio Crosses $100B, Bitcoin (BTC) Dominates According to an analysis by Finbold, BlackRock’s crypto holdings have crossed the $100 billion mark, reaching $104 billion as of August 14. Finbold based its findings on blockchain data from Arkham Intelligence. The analysis revealed that BlackRock’s current crypto portfolio includes $89.27 billion in Bitcoin (743,310 BTC ) and $14.71 billion in Ethereum (3.2 million ETH). This is a $49.15 billion net increase since the beginning of 2025, when the asset manager’s crypto holdings were at $54.83 billion, with $51.16 billion in BTC and $3.59 billion in ETH. US Treasury Secretary Rules Out Further Bitcoin (BTC) Buys Bitcoin (BTC) lost momentum after reaching a new all-time high on Thursday, after US Treasury Secretary Scott Bessent stated that the government has no plans to purchase additional BTC for its Bitcoin reserve. As a result, the flagship cryptocurrency plunged below $120,000 and is currently trading around $117,700, with sellers in control. Bessent stated, “We’ve also started to get into the 21st century, a Bitcoin reserve. We’re not going to be buying that, but we are going to use confiscated assets and continue to build that up.” US President Donald Trump signed an executive order on March 6, establishing a strategic Bitcoin reserve and a separate digital asset stockpile. Both reserves initially used cryptocurrencies forfeited in criminal and civil cases. Bessent had initially advocated for a strategic shift in the US’s approach to Bitcoin, stating that the government should stop selling Bitcoin and “bring it onshore” using established regulatory frameworks. Bitcoin (BTC) Price Analysis Bitcoin (BTC) is in freefall during the ongoing session, down nearly 5% following Treasury Secretary Scott Bessent’s statement that the US does not plan additional Bitcoin purchases. Investor sentiment also soured following an unsettling US PPI report, which revealed that wholesale inflation increased beyond expectations, jeopardizing expectations for low interest rates. Signs that BTC is overheating also emerged. Bitcoin’s funding rate, which helps indicate an overheated market, registered an increase in long bets. However, the bets were substantially smaller than previous bets. This means BTC has some way to go before investors need to worry about an overheated market. A jump in funding rates could indicate increased volatility and liquidation risks. On the other hand, the short-term holder (STH) Spent Output Profit Ratio (SOPR) revealed very little profit taking. Other technical indicators suggest a “top” may be in. Popular analyst Captain Faibik wrote, “BTC Liquidity has been grabbed at the highs. We’ve now printed the 9th TD Sell Candle. Daily RSI is Printing Bearish Divergence. Rising Wedge Formation. This combination suggests the top might be in & Bearish Rally could be around the corner. Don’t get trapped in late longs… patience will pay off.” BTC registered a sharp decline on Friday (August 1), dropping over 2% and settling at $113,365. Sellers retained control on Saturday as the price fell 0.67% and settled at $112,601. Despite the overwhelming selling pressure, BTC recovered on Sunday, rising 1.52% to cross $114,000 and settle at $114,215. The price continued pushing higher on Monday, registering a 0.69% increase and settling at $115,051. BTC plunged to an intraday low of $112,707 on Tuesday as selling pressure returned. It rebounded from this level to reclaim $114,000 and settled at $114,051, ultimately dropping 0.83%. The price recovered on Wednesday, rising 0.80% to reclaim $115,000 and settle at $115,028. Source: TradingView Bullish sentiment intensified on Thursday as BTC rallied, rising over 2% to cross $117,000 and settle at $117,515. Despite the positive sentiment, the price was back in the red on Friday, falling nearly 1% to $116,683. BTC registered a marginal decline on Saturday but recovered on Sunday, rising 2.42% to reclaim $119,000 and settle at $119,309. The price surged to an intraday high of $122,319 on Monday. However, it lost momentum after reaching this level and settled at $118,701, ultimately dropping 0.51%. Market sentiment turned positive on Tuesday as the price recovered, rising 1.19% to cross $120,000 and settle at $120,113. Bullish sentiment intensified on Wednesday as BTC rallied, rising nearly 3% to settle at $123,365. BTC is in freefall during the ongoing session after setting a new all-time high earlier in the day, reaching $124,533. The flagship cryptocurrency is down nearly 5%, trading around $117,699. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Bitcoin might now be in a completely new low-volatility environment, according to Fidelity
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BitcoinWorld Shocking Bitcoin Ransom Kidnapping in Brazil Leads to Arrests The world of cryptocurrencies often grabs headlines for its innovation and rapid growth, but sometimes, it’s involved in more somber news. Recently, a shocking Bitcoin ransom kidnapping case in Brazil came to light, underscoring the darker side where digital assets intersect with traditional crime. Brazilian authorities have now arrested four individuals connected to a harrowing incident that saw a retired professor kidnapped for a hefty Bitcoin ransom. Unveiling the Shocking Brazil Crypto Crime In a case that sent ripples through the crypto community, four people have been arrested in Brazil. They are accused of kidnapping a retired professor back in March. The victim was held until her son, who works in the crypto sector in Portugal, paid a significant ransom. The ransom demanded was five bitcoins . At the time of payment, this amount was valued at approximately R$3.3 million, which translates to about $600,000 today. Authorities revealed that the criminal group had meticulously monitored the son’s social media activities before executing the attack, highlighting a concerning trend in crypto crime . This incident serves as a stark reminder that as digital assets become more valuable, they can also become targets for criminals, leading to severe cryptocurrency risks . What Does This Mean for Digital Asset Security? The Brazil kidnapping case isn’t just an isolated event; it’s a critical indicator of evolving criminal tactics. As more individuals engage with cryptocurrencies, criminals are finding new ways to exploit this burgeoning space. This incident particularly highlights the importance of digital asset security beyond just securing your crypto wallets. Criminals are increasingly sophisticated, often leveraging publicly available information to identify potential victims. The monitoring of the son’s social media is a prime example of how personal data can be weaponized. Consequently, users must be aware of their online footprint and the broader implications for their safety. Protecting Yourself from Cryptocurrency Risks While the allure of digital assets is strong, understanding and mitigating cryptocurrency risks is paramount. This recent Bitcoin ransom kidnapping case should prompt everyone involved in crypto to re-evaluate their security practices. It’s not just about technical safeguards for your digital holdings; it’s also about personal security and awareness. Here are some actionable insights to enhance your protection: Limit Public Information: Be cautious about sharing details of your crypto involvement or wealth on social media. Criminals use this information to target individuals. Enhance Physical Security: If you are known to hold significant digital assets, consider your physical security measures, especially at home and during travel. Diversify Storage: Do not keep all your digital assets in one place. Use a mix of cold storage (hardware wallets) and reputable, secure exchanges. Stay Vigilant: Be aware of phishing attempts, social engineering, and other scams that could compromise your digital asset security. The ongoing fight against crypto crime requires a multi-faceted approach, combining robust digital defenses with heightened personal awareness. A Call for Vigilance in the Digital Age The arrests in the Bitcoin ransom kidnapping case in Brazil bring a sense of justice to a disturbing event. However, the incident serves as a powerful reminder that the rapid adoption of cryptocurrencies also comes with new challenges. As the digital landscape evolves, so too do the methods of those who seek to exploit it. Protecting your digital assets goes beyond just securing your wallet; it encompasses your entire digital and physical footprint. By staying informed and adopting comprehensive security practices, we can collectively work towards a safer crypto ecosystem. Frequently Asked Questions (FAQs) Q1: What exactly happened in the Brazil Bitcoin ransom kidnapping case? A: A retired professor was kidnapped in March, and her son, a crypto worker, was forced to pay a ransom of five bitcoins (worth about $600,000) for her release. Four individuals have since been arrested in connection with the crime. Q2: How did the criminals target the victim’s family? A: Brazilian authorities reported that the criminal group monitored the son’s social media profiles to gather information before executing the kidnapping. Q3: Does this incident mean Bitcoin is insecure? A: No, Bitcoin itself is a secure digital currency. This incident highlights that criminals are adapting their methods to target individuals who hold valuable assets, whether digital or traditional, by exploiting personal information or physical vulnerabilities, not inherent flaws in Bitcoin’s technology. Q4: What steps can I take to improve my digital asset security? A: You can enhance your security by limiting public information about your crypto holdings, using strong unique passwords, enabling two-factor authentication (2FA), considering cold storage for significant amounts, and being vigilant against phishing and social engineering attacks. Q5: Are Bitcoin ransom kidnappings common? A: While any form of kidnapping is rare, the use of Bitcoin as a ransom payment method is an emerging trend as cryptocurrencies gain value and wider recognition. This particular case is a significant example of such a crypto crime . If you found this article insightful and believe it can help others understand the importance of digital asset security, please consider sharing it on your social media platforms. Your vigilance helps protect the wider community. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin’s institutional adoption. This post Shocking Bitcoin Ransom Kidnapping in Brazil Leads to Arrests first appeared on BitcoinWorld and is written by Editorial Team