On Aug. 29, bearish sentiment dominated cryptocurrency markets, with bitcoin plunging below $110,000 and other major altcoins experiencing losses of 2% to 8%. Crypto Market Plunges Bearish sentiment dominated early Aug. 29 as most cryptocurrencies recorded losses. bitcoin (BTC) plunged below $110,000 for the second time in three days, falling to $109,436 after peaking around […] Original
Key points: Bitcoin whales take the blame as “spoofy” transactions send BTC price action below $110,000. The Bitcoin “whale playbook” means that price is repeating behavior from earlier in August. US PCE inflation data is under the microscope as the next potential market mover. Bitcoin (BTC) fell nearly 3% Friday as attention again focused on whale selling. BTC/USD one-hour chart. Source: Cointelegraph/TradingView “Spoofy” Bitcoin price moves raise suspicions Data from Cointelegraph Markets Pro and TradingView showed that BTC/USD fell by $3,000 in hours to local lows of $109,436 on Bitstamp.…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Stay Ahead with Our Immediate Analysis of Today’s Bitcoin & Bitcoin Hyper Insights Check out our Live Bitcoin Hyper Updates for August 29, 2025! In 2010, Bitcoin was worth a few cents. One year later, it hit $20. In six years, it was $17,000, and now it’s sitting at over $100K, after hitting an ATH of $123K in July. Historically, if you’d invested in Bitcoin at launch, you’d have an ROI of 188,643,000%. The likes of Mastercard,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US government further expanded its venture into DeFi by publishing its economic data on-chain via a partnership with Pyth and Chainlink oracles. This signals growing adoption of blockchain technology and another step towards the continued evolution of the crypto market. At the same time, as crypto becomes mainstream and network demands soar, the development of Layer 2 blockchains is picking up to solve congestion issues. Bitcoin Hyper ($HYPER), for example, will create a figurative fast lane…
Bitcoin’s price remains under pressure after retreating from its record high above $124,000 earlier this month. At the time of writing, BTC is trading at $113,146, reflecting a decline of 8.7% from its recent peak, though it has recorded a modest 1.8% daily increase. The movement highlights ongoing volatility, as investors weigh both on-chain metrics and broader market sentiment to determine whether the bull cycle can regain strength. Analysts have pointed to a shift in behavior among large traders, particularly on Binance, the world’s largest exchange by volume. According to…
Key Notes US Department of Commerce will publish GDP and economic indicators on-chain using Chainlink across Ethereum and major networks. Bitwise filed SEC Form S-1 for spot Chainlink ETF on Wednesday, intensifying institutional interest in the oracle protocol. LINK bulls target $27-$30 resistance levels with MACD turning bullish, though failure below $24.2 risks pullback to $21.5. Chainlink LINK $25.04 24h volatility: 2.4% Market cap: $17.02 B Vol. 24h: $2.75 B price rose 4% to cross the $25 mark on Thursday, August 28, 2025, its highest level since January. Despite the…
The Department of Commerce has broadcast its Q2 GDP data across a diverse array of nine L1 and L2 networks. The move transforms a report into a permanent, globally-verifiable cryptographic fact, auditable by anyone on Earth. Summary U.S. Department of Commerce publishes Q2 2025 GDP data on nine blockchains, including Bitcoin, Ethereum, and Solana. The initiative makes GDP figures globally verifiable and cryptographically tamper-proof. Major exchanges Coinbase, Gemini, and Kraken, along with oracles Pyth and Chainlink, facilitated the data publishing. In an announcement on August 28, the U.S. Department of…
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…
Bitcoin (BTC) remains under pressure after failing to recover momentum following its recent record high above $124,000. At the time of writing, the asset is trading at $112,0474, reflecting a decline of 7.5% in the past two weeks. The latest movements come as analysts examine on-chain metrics to assess whether the current slowdown represents a pause in the ongoing bull cycle or the beginning of a broader correction. One of the key indicators gaining attention is Bitcoin’s active addresses metric. According to PelinayPA, a contributor on CryptoQuant’s QuickTake platform, the…
US Commerce Secretary Howard Lutnick said the Department of Commerce will begin publishing economic statistics, including gross domestic product (GDP) data, on the blockchain. Lutnick made the announcement during a White House cabinet meeting on Tuesday, describing the effort as a move to expand blockchain-based data distribution across government agencies. Speaking to US President Donald Trump and other government officials, he said: “The Department of Commerce is going to start issuing its statistics on the blockchain, because you are the crypto president, and we are going to put our GDP…