The whole crypto space is relatively dormant right now. Bitcoin is still hanging on to the low of its bull flag, while the altcoins are generally tracking sideways and downwards. However, once the market does turn again, the altcoins could be set for much greater upside. Bitcoin dominance in bear flag Source: TradingView Bitcoin dominance is a good place to start for sizing up the chances for altcoins. In a decline since hitting 66%, Bitcoin dominance has recently formed a bear flag. While the price is making higher highs and higher lows, this is a typical bear flag setup, therefore a breakdown is likely, and given the overhead resistance, it might be sooner rather than later. A target for the breakdown is the horizontal support at 60%, although if the measured move of the bear flag plays out, the target could be as low as 57%. Bitcoin dominance to 57%? Source: TradingView Zooming out into the weekly time frame for Bitcoin dominance a trendline can be drawn for the long uptrend since 2023. This also acts as a canary in the coalmine, because if this is breached, the way would be clear for that 57% dominance. Total3 bull flag nears breakout Source: TradingView Total3 is the combined market cap of all the cryptocurrencies except $BTC and $ETH, and so is a very good barometer of how the altcoins are doing. The short term chart above shows a bull flag, which is much more likely to exit from the top than from the bottom. A decent horizontal support band is not far under the price so a bull flag breakout could happen soon. If successful, the breakout could take the price to $1.18 trillion, which is the measured move out of the bull flag. This would also result in a new all-time high, boding well for the rest of this bull market cycle. Total3 cup and handle pattern targets $2 trillion Source: TradingView Looking at Total3 on the weekly chart, a cup and handle pattern becomes obvious. The handle is still forming, but if the market cap can get back to $1.13 trillion, this will complete the pattern. A breakout of the neckline would perhaps lead to a retest and confirmation. The measured move would be to $2 trillion - slightly more than a 2x from the current price. 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.
Spot Bitcoin ETFs ended four days of outflows with a net inflow. Capital flow shift into spot Ethereum ETFs saw $35.12 million in gains. Continue Reading: Capital Surges Back into Bitcoin and Ethereum ETFs with Renewed Momentum The post Capital Surges Back into Bitcoin and Ethereum ETFs with Renewed Momentum appeared first on COINTURK NEWS .
Ripple’s August moves are shaking up long-term crypto picks as the company pushes deeper into U.S. banking infrastructure. Ripple’s new charter application and pursuit of a Federal Reserve master account have traders speculating about the next big altcoins for long-term growth. As XRP and DOGE attract attention for explosive upside, investors are now keeping an eye on MAGACOIN FINANCE—a high-potential crypto asset building buzz as the possible best crypto to buy before the next rally. Ripple’s Trust Bank Ambitions Reshape XRP Investment Outlook Ripple’s latest push centers on a national trust bank charter, now in review with the OCC. This proposed institution—Ripple National Trust Bank—would operate out of New York, focusing solely on B2B infrastructure. The charter and Ripple’s parallel pursuit of a Federal Reserve master account through its Standard Custody & Trust subsidiary could enable direct Fedwire and FedNow access, streamlining institutional settlement. These steps strengthen Ripple’s position as a top crypto investment for both retail and institutional players. Analysts tracking Ripple banking strategy believe these moves could set up XRP as the best altcoin to buy for on-chain settlement and banking blockchain solutions. With Ripple partnerships impact expanding globally, many see XRP as a key asset among cryptos set to explode in the next phase of market growth. Fresh interest in the XRP investment outlook is drawing new capital and keeping it on watchlists for the best crypto to buy now. Dogecoin Builds Momentum as Meme Capital Returns Dogecoin is showing renewed energy this week, with investor focus shifting back toward meme coins. DOGE price prediction models are flagging potential for a breakout, while on-chain data points to steady accumulation by both whales and retail traders. Sentiment is rising, fueled by capital flows chasing top crypto investments beyond traditional blue chips. DOGE’s unique position as the original meme coin, combined with its massive user base, keeps it in conversations around high-potential crypto assets and altcoins for long-term growth. Dogecoin future growth expectations are climbing again, as it attracts capital from both new entrants and experienced traders tracking cryptos set to explode. XRP Dogecoin analysis for August shows that both coins could benefit if the banking blockchain solutions narrative plays out as many expect. MAGACOIN FINANCE Positioned for Massive Gains MAGACOIN FINANCE is emerging as the best crypto to buy for those targeting high returns outside the mainstream. With accumulation building, traders and analysts are highlighting its 28x gain potential—driven by a blend of rising social engagement, growing wallet activity, and buzz from crypto forums. As XRP and DOGE dominate headlines, many investors are now rotating into MAGACOIN FINANCE to get ahead of the next new altcoin wave. This project sets itself apart through its community-driven governance and anti-centralization approach, which is attracting both meme coin fans and institutional speculators. MAGACOIN FINANCE is appearing on new lists of top crypto investments for August and September, standing out for its growth narrative and rapid adoption rate. As capital shifts to high-potential crypto assets, MAGACOIN FINANCE is viewed as the best altcoin to buy for those chasing outsized upside and diversification beyond legacy names. What’s Next? Ripple’s banking strategy and the latest trust bank moves are accelerating interest in cryptos set to explode. XRP remains a front-runner for the best altcoin to buy on regulatory and infrastructure progress, while DOGE draws renewed attention from meme coin traders betting on the next breakout. As market focus expands to high-potential crypto assets, MAGACOIN FINANCE is establishing itself as a top pick among long-term crypto investments, capturing the momentum and positioning for 28x gains as new capital rotates into the sector. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Ripple’s Banking Strategy Revealed—Could XRP and DOGE Explode Next?
Jack Mallers, founder and CEO of Strike, ignited fresh debate over Washington’s still-undisclosed Bitcoin balance on Wednesday night, arguing that the US government is withholding the numbers because its position is “too small to lead” the digital-asset economy. “The US won’t disclose their BTC holdings. Why? Because they realized they don’t own enough,” Mallers posted on X, adding that the Strategic Bitcoin Reserve (SBR) race is “far from over” and “I expect this to heat up.” US Bitcoin Silence Hints At Bigger Problem In a video attached to the post, the 30-year-old entrepreneur expanded on the point. He praised the administration’s decision in March to create an SBR but said the follow-through has fallen short: “The US government has kind of let us down in not giving us the full audit of how much Bitcoin the US government owns. … Clearly that information is sensitive or else they would disclose it. … I think that the US government is ashamed of its Bitcoin position.” Related Reading: Bitcoin Net Taker Volume Stays Bearish – Fragile Market Structure Risks Liquidation Cascade President Donald Trump’s Executive Order 14233 on 6 March formally established the Strategic Bitcoin Reserve alongside a broader Digital Asset Stockpile, framing Bitcoin as a “unique store of value in the global financial system.” A follow-up White House fact sheet stressed the goal of “positioning the United States as a leader among nations in government digital-asset strategy.” Yet when the administration unveiled its 163-page digital-assets strategy on 30 July, the document offered only a fleeting reference to the SBR and no hard figures. Robert “Bo” Hines—executive director of the President’s Council of Advisers on Digital Assets—noted, “I can’t discuss that right now … There are several reasons we’re not disclosing that at this time.” Over the past months, Hines’ tone was not apologetic. “We want as much Bitcoin as we can possibly get, and we’re going to continue to work on that,” he said in a separate interview, describing Bitcoin as “digital gold”. For years analysts believed the US government controlled well over 200,000 BTC thanks to Silk Road, Bitfinex-hack and other forfeitures. But a Freedom of Information Act response released in mid-July showed the US Marshals Service holding just 28,988 BTC—about $3.3 billion at today’s prices—rekindling speculation that earlier administrations quietly liquidated a large share of the trove. Separate on-chain data confirm that federal wallets sent 30,175 BTC to Coinbase Prime as early as April 2024, with additional transfers worth $1.9 billion following in December 2024. Related Reading: Bitcoin Stuck In Macro Purgatory—Top Analyst Says Q4 Or Bust Mallers seized on those numbers. “I think the Democrats sold off a bunch of that Bitcoin, and they don’t want to announce anything until they can build the position back,” he said, calling the audit delay “a branding problem” for a country that bills itself as the future Bitcoin super-power. Market Backdrop Bitcoin is trading above $114,000 after peaking at $123,000 last week, up more than 100 percent year-on-year. The float is already constrained: roughly 92 percent of all coins are mined, and large swaths sit in dormant or long-term-holder wallets. Should the Treasury accelerate SBR purchases—as Mallers predicts—the incremental buy-side pressure could tighten supply further. From Mallers’ vantage point, the political embarrassment he describes is ultimately price-positive: “If the US wants to plant its flag as the crypto capital, it has no choice but to accumulate. That’s the bullish takeaway. We’re talking about a buyer with the deepest pockets on Earth.” Whether Congress will backstop those purchases is another matter. Senator Cynthia Lummis has re-introduced a bill directing the Treasury to acquire up to one million BTC over five years, but appropriations committees have yet to schedule hearings. At press time, BTC traded at $114,572. Featured image created with DALL.E, chart from TradingView.com
Canadian Conservative Party leader Pierre Poilievre once again slammed plans by the Bank of Canada to create a central bank digital currency (CBDC) in a video published Sunday where the 46-year-old politician can be seen answering questions from constituents in an intimate setting. In the video, a local farmer expresses concerns over the implementation of
Paying rent in Bitcoin is easy, secure and gaining popularity among tenants. Many cities globally now have tech infrastructure to facilitate Bitcoin payments.
BitcoinWorld Bitcoin Short-Term Holders: A Stunning $20 Billion BTC Accumulation Signals Bullish Momentum A significant shift is underway in the cryptocurrency landscape! Over the past 40 days, Bitcoin Short-Term Holders have made a remarkable move, accumulating a staggering 178,000 BTC, valued at an impressive $20 billion. This substantial influx of capital into Bitcoin, as highlighted by CryptoQuant analyst Axel Adler Jr., indicates a heightened level of activity among a specific group of investors. Understanding this trend is crucial for anyone following the dynamic Bitcoin market . Who Are Bitcoin Short-Term Holders and Why Is Their BTC Accumulation Important? In the world of Bitcoin, investors are often categorized by how long they hold their assets. Bitcoin Short-Term Holders are typically defined as entities that have held their BTC for less than 155 days. Unlike long-term holders who might be less reactive to immediate market fluctuations, short-term holders are often more sensitive to current market conditions and price movements. Market Responsiveness: Their quick entry and exit patterns can significantly influence short-term price dynamics. Indicator of Confidence: A large wave of BTC Accumulation from this group often suggests growing confidence in Bitcoin’s near-term prospects. They are buying now, anticipating future gains. Liquidity Impact: Their buying activity removes available supply from exchanges, potentially contributing to upward price pressure. This recent $20 billion accumulation isn’t just a number; it reflects a strategic positioning by a large segment of active investors. They are actively betting on Bitcoin’s immediate future. What Does This Massive Influx Mean for Crypto Market Trends? The actions of Bitcoin Short-Term Holders serve as a powerful barometer for broader Crypto Market Trends . When such a substantial amount of capital flows into Bitcoin from this cohort, it typically signals a few key things: Increased Demand: The immediate effect is a surge in demand for Bitcoin. This can absorb selling pressure and potentially push prices higher. Positive Sentiment Shift: It suggests a growing bullish sentiment among a critical segment of the market. This optimism can be contagious, encouraging other investors to enter or increase their positions. Potential for Volatility: While accumulation is positive, the nature of short-term holders means they might also be quicker to sell if conditions change. This could lead to increased volatility in Bitcoin Price Action . This recent activity could be a precursor to more significant movements in the overall crypto market, as Bitcoin often leads the charge for altcoins. How Does This Accumulation Impact Bitcoin Price Action and Investor Sentiment? The direct impact on Bitcoin Price Action from this scale of accumulation is substantial. When demand outstrips supply, prices tend to rise. The sustained buying pressure from Bitcoin Short-Term Holders over 40 days suggests a strong underlying bid for BTC, preventing significant pullbacks and laying the groundwork for potential rallies. Furthermore, this trend deeply influences Investor Sentiment . When prominent analysts like Axel Adler Jr. highlight such significant on-chain data, it validates the belief among many that Bitcoin is in a strong accumulation phase. This can: Boost Confidence: Reinforce the conviction of existing holders. Attract New Capital: Draw in new retail and institutional investors who see the momentum building. Create a “Fear of Missing Out” (FOMO): Encourage those on the sidelines to jump in, further fueling the buying pressure. However, investors should also be aware that short-term holders can be quick to take profits, so monitoring future trends will be key. Actionable Insights for Navigating Current Bitcoin Market Trends For those looking to understand or participate in the current Bitcoin market , here are some actionable insights: Monitor On-Chain Data: Keep an eye on metrics like short-term holder accumulation, exchange inflows/outflows, and whale activity. These provide valuable insights into market dynamics. Understand Risk: While accumulation is bullish, short-term price movements can be volatile. Always assess your risk tolerance before making investment decisions. Stay Informed: Follow reputable analysts and news sources to stay updated on key developments influencing Bitcoin Price Action and overall Crypto Market Trends . This period of significant accumulation by short-term holders underscores Bitcoin’s continued appeal and its role as a key asset in the digital economy. In conclusion, the substantial $20 billion BTC Accumulation by Bitcoin Short-Term Holders over the past 40 days is a powerful indicator of robust demand and strengthening Investor Sentiment . This trend, highlighted by CryptoQuant, suggests a bullish outlook for Bitcoin Price Action in the near term and reinforces the dynamic nature of Crypto Market Trends . While short-term holders can be volatile, their current buying spree paints a picture of growing confidence and a potentially exciting period ahead for the leading cryptocurrency. Frequently Asked Questions (FAQs) Q1: Who are Bitcoin Short-Term Holders? A: Bitcoin Short-Term Holders are defined as entities or investors who have held their Bitcoin (BTC) for a period of less than 155 days. They are generally more reactive to current market conditions. Q2: How much Bitcoin did short-term holders accumulate recently? A: Over the past 40 days, Bitcoin Short-Term Holders accumulated a significant 178,000 BTC, which is valued at approximately $20 billion. Q3: What does this massive BTC accumulation mean for Bitcoin’s price? A: This large-scale BTC accumulation by short-term holders typically signals increased demand and a positive shift in investor sentiment, which can contribute to upward pressure on Bitcoin Price Action. Q4: Is this level of accumulation by short-term holders sustainable? A: While the current accumulation is strong, short-term holders are known for being more agile. Their sustained buying indicates confidence, but future sustainability depends on ongoing market conditions and investor sentiment. Q5: How can I monitor similar Bitcoin market trends? A: You can monitor similar Bitcoin market trends by following on-chain analytics platforms like CryptoQuant, reputable crypto news sources, and analyses from experts who track investor behavior and fund flows. If you found this article insightful, consider sharing it with your friends and followers on social media! Help spread awareness about the exciting developments in the crypto space. To learn more about the latest Bitcoin market trends, explore our article on key developments shaping Bitcoin price action. This post Bitcoin Short-Term Holders: A Stunning $20 Billion BTC Accumulation Signals Bullish Momentum first appeared on BitcoinWorld and is written by Editorial Team
BitcoinWorld From Blockchain to Space: HTX Leads GM Vietnam 2025, Justin Sun’s New Web3 Journey Takes Flight PANAMA CITY, Aug. 7, 2025 /PRNewswire/ — HTX, a leading global crypto exchange, made a notable appearance at GM Vietnam 2025 – Vietnam Blockchain Week, held from August 1–2, 2025. As a proud sponsor of the Business Networking Zone, HTX showcased its forward-looking global strategy and reaffirmed its position as a key influencer in the Web3 industry. The Rise of Stablecoins: From Crypto Instruments to Global Financial Infrastructure During a key panel discussion titled “Stablecoin – The Most Viable Use Case for Crypto Adoption,” Alec Goh, Head of HTX Ventures, was a featured panelist. Alec highlighted the rapid evolution of stablecoins, noting their market capitalization has surged to over $250 billion — an impressive 60% increase this year. Driven by growing regulatory clarity in countries like the U.S. and active participation from traditional institutions, stablecoins are transcending their role as crypto-native tools to become core components of global financial infrastructure. This marks the early stages of their mainstream adoption. He further explained that in key sectors like on-chain credit, Real World Assets (RWA), and cross-border trade, stablecoins serve as the fundamental layer for value settlement and liquidity within digital financial infrastructure. “The future isn’t a binary choice between centralized and decentralized systems, but a blend of compliance and composability,” Alec said. “Legal frameworks and on-chain technology will evolve together, enabling global scalability while preserving crypto’s core principles. Ultimately, whether a system is centralized or decentralized matters less than its ability to meet user needs. If decentralized transactions continue to deliver greater value, the market will naturally gravitate toward them.” “Web3 Future Night” Ignites Passion and Drives Web3 Growth A major highlight of Vietnam Blockchain Week was the exclusive “Web3 Future Night” cocktail party, presented by HTX and hosted by ChainCatcher. The party brought together a high-profile crowd, including top local project teams, leading investors, influential KOLs, and core community members. Industry-leading partners, including SoSoValue, Bifrost, TRADOOR, TRON , SunPump, and RootData, actively participated, creating a premier networking opportunity. Through this event, HTX strengthened its partnership with the Vietnamese crypto community and helped drive the ongoing development and prosperity of the global Web3 ecosystem. Justin Sun Becomes Youngest Chinese Commercial Astronaut During the Vietnam Blockchain Week, Justin Sun, Advisor to HTX, made history by successfully completing a suborbital flight aboard Blue Origin’s New Shepard spacecraft. The approximately 10-minute mission crossed the Kármán line, offering a zero-gravity experience before safely returning to the landing site in Texas. With this feat, he became the youngest Chinese commercial astronaut in history. Following his historic journey, Justin said in an interview, “This was my first commitment and first step toward space, and there will be more to come in the future.” His achievement reflects not only his spirit of exploration but also HTX’s commitment, as a leading player in the global Web3 space, to continually push boundaries and explore new possibilities. HTX made a strong impression at GM Vietnam 2025, reinforcing its position as a leader in the global Web3 space. The platform set the industry’s course with insightful analysis of stablecoin trends and sparked a new wave of collaboration through its “Web3 Future Night” event. Looking ahead, HTX remains committed to driving global Web3 ecosystem growth by integrating blockchain with emerging technologies and delivering greater value to its users and the broader crypto community. About HTX Founded in 2013, HTX (formerly Huobi) has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide. To learn more about HTX, please visit https://www.htx.com/ or HTX Square , and follow HTX on X , Telegram , and Discord . This post From Blockchain to Space: HTX Leads GM Vietnam 2025, Justin Sun’s New Web3 Journey Takes Flight first appeared on BitcoinWorld and is written by chainwire
Binance, the world's largest cryptocurrency exchange, announced the proof-of-reserve system to restore the declining trust in Bitcoin exchanges after the sudden bankruptcy of FTX. Binance, which publishes reserve reports at regular intervals in this context, has published the 33rd Report (snapshot date August 1) of its reserves. According to Binance's official website, the reserve ratio (Binance's holdings divided by user assets) for major cryptocurrencies is overcollateralized. Apart from Bitcoin (BTC), the report includes USDT, Ethereum (ETH), BNB, Solana (SOL), FDUSD, ENJ, 1INCH, CRV, MASK, HFT, BUSD, AAVE, BOME, Ethena (ENA), FORM, Hedera (HBAR), NEAR, Pepecoin (PEPE), S, SUI, WIF and TRUMP were featured. Binance’s latest proof of reserves shows that BTC, USDT, ETH, and BNB reserves are overcollateralized by 102.96%; 102.27%; 100.67% and 111.74% respectively. According to the latest report, users' Bitcoin holdings increased by 2.99% compared to the previous report, reaching 591,000 BTC, while USDT holdings increased by 0.87%, reaching 29.85 billion. Users' BNB holdings also increased by 0.38% to 39.79 million. Finally, when looking at users' Ethereum assets, it was seen that they decreased by 9.84% and fell to 4.55 million. *This is not investment advice. Continue Reading: Binance Releases Latest Report on Bitcoin, Ethereum, XRP, and 37 Altcoins: How Much of Each Altcoin Do You Have?
US spot Bitcoin exchange-traded funds (ETFs) broke a four-day outflow streak on Wednesday, posting $91.5 million in net inflows, according to data from SoSoValue . Key Takeaways: US spot Bitcoin ETFs rebounded with $91.5M in net inflows, breaking a four-day outflow streak. BlackRock’s IBIT led the recovery, while ARK & 21Shares’ ARKB was the only major fund with outflows. Analysts suggest recent selloffs were fear-driven, not fundamental, as Ethereum ETFs also returned to net inflows. BlackRock’s IBIT led the rebound with $42 million in inflows, followed by $26.35 million into Bitwise’s BITB. Grayscale’s GBTC also turned positive, bringing in $14.5 million. Funds from Fidelity and VanEck posted smaller gains, while ARK & 21Shares’ ARKB was the only major fund to register outflows, shedding $5.37 million. Bitcoin ETFs Rebound After $1.45B Outflow Amid Market Jitters The return to inflows follows a sharp $1.45 billion exodus over the previous four trading sessions, driven by uncertainty in macroeconomic indicators and a pullback in risk appetite. As reported, the crypto ETF market saw a sharp selloff , with over $333 million pulled from U.S. spot Bitcoin ETFs and $465 million from Ethereum ETFs on Tuesday. BlackRock’s IBIT and ETHA accounted for more than 84% of these outflows, marking a major reversal after weeks of consistent inflows. Other firms like Fidelity and Grayscale also faced significant redemptions, stoking fears that the bull market may have peaked. Despite market panic, some investors argue the selloff is emotionally driven. Crypto investor Ted Pillows called it “PTSD from 2017 and 2021,” noting the 60% retail investor presence likely triggered profit-taking rather than a strategic exit. Ethereum ETFs saw their largest daily outflow to date, but analysts argue fundamentals remain intact. People are scared by the $ETH ETF outflows over the past two days. Now, some think this is the top. But let’s be real, that fear isn’t rooted in fundamentals. It’s emotional baggage. It’s the PTSD from getting burned in 2017 and 2021. Just last weeks, sentiment was extremely… pic.twitter.com/otFc8gCXTE — Ted (@TedPillows) August 5, 2025 Bitcoin has been consolidating in a narrow band between $140,000 and $150,000, with traders largely sidelined amid mixed U.S. economic data. As of 12:05 a.m. Thursday, the asset is up 0.91% in the past 24 hours to $114,551, according to The Block’s price tracker. Ethereum-based ETFs also posted positive momentum, with $35.12 million in net inflows on Wednesday. BlackRock’s ETHA brought in $33.39 million, while Grayscale’s ETHE added $10 million. Grayscale’s Mini Ethereum Trust recorded $8.67 million in outflows. Michigan State Pension Triples Bitcoin ETF Holdings As reported, the State of Michigan Retirement System has sharply increased its exposure to Bitcoin , tripling its holdings in the ARK 21Shares Bitcoin ETF to 300,000 shares, valued at $11.4 million in Q2. As of March 31, the $19.3 billion pension fund held 100,000 shares. Alongside Bitcoin, Michigan also holds a steady Ethereum allocation through 460,000 shares of the Grayscale Ethereum Trust (ETHE), currently valued at around $13.6 million, a position it has maintained since September 2024. The move places Michigan among a growing cohort of U.S. state pension funds increasing exposure to crypto-linked assets. The State of Wisconsin Investment Board, for instance, now holds over 6 million shares of BlackRock’s iShares Bitcoin Trust (IBIT), worth approximately $387.3 million. Meanwhile, Bloomberg’s senior ETF analysts have assigned a 95% chance that the SEC will approve spot ETFs for Solana, XRP, and Litecoin this year, raising their previous odds from 90% amid growing optimism for institutional crypto products. The post Bitcoin ETFs Snap 4-Day Outflow Streak With $91.5M Inflows appeared first on Cryptonews .