A cryptocurrency investor turned a $125,000 stake into a multimillion-dollar profit trading Ether on a decentralized exchange, even as whales began locking in gains after the recent rally. The savvy trader turned an initial investment of $125,000 into over $43 million at its peak in just four months before the latest market downturn hit his Ether (ETH) long position. Despite the market downturn, the savvy trader closed all his positions, locking in a net profit of $6.86 million on Monday, generating an impressive 55-fold return on his initial investment, according…
Tag: Market
NFT Market Cap Drops $1.2B as Ether Declines; Penguins Overtake Apes
The non-fungible token (NFT) market lost more than $1.2 billion in value in less than a week as Ether’s rally slowed, according to sector data. On Monday, NFT Price Floor data showed that the total valuation of NFT collections had dropped to $8.1 billion, a 12% decline from Wednesday’s NFT market cap of $9.3 billion, which had surged 40% since July. NFTs losing $1.2 billion in valuation in less than a week coincided with a 9% drop in Ether (ETH) prices. At the time of writing, Cointelegraph data showed ETH…
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The 4 Crypto Market Movers Everyone’s Watching This Week
Key Notes The week will start with the Trump-Zelenskyy meeting. The FOMC Minutes and Powell’s speech are key economic events to move the crypto market. More unemployment claims are expected to be reported, which might trigger a short-term selloff. The crypto market remained strong last week with Bitcoin (BTC) hitting a new all-time high and Ethereum (ETH) getting very close to its 2021 peak. Bitcoin reached an ATH of $124,457 on Aug. 14. Ethereum touched the $4,788 zone. However, financial markets, including crypto assets, are likely to enter a highly…
Bitcoin To Tap $150K Before Bear Market Next Year: Exec
Bitcoin may have no more than 27% upside left in this cycle before entering a downtrend, according to Canary Capital CEO Steven McClurg. “I think there is a greater than 50% chance Bitcoin goes to the 140 to 150 range this year before we see another bear market next year,” McClurg said during a CNBC interview on Friday. At the time of publication, Bitcoin (BTC) is trading at $117,867, meaning a move into that range would represent gains of 19% to 27%, according to CoinMarketCap. McClurg is fearful of the…
Market Absorbs LTH Selling Without Breaking Support
Bitcoin is trading at a decisive level after surging to fresh all-time highs, touching $124,000 before pulling back. Bulls remain in control, but the market now shows signs of hesitation, with BTC struggling to confirm momentum above $120,000. This price action reflects indecision among traders as the market balances profit-taking with renewed accumulation. Related Reading On-chain data highlights a key shift in dynamics. After a sharp increase in the 30-day average Coin Days Destroyed (CDD) — a metric often used to track long-term holder activity and selling pressure — the…
Bitcoin And Crypto Market To Crash? Analyst’s August-September Prediction
According to a new technical analysis, Bitcoin (BTC) and the broader crypto market could be mirroring historical post-halving cycle patterns. While the market has previously rallied through July and August, historical fractals point to a potential crash in September, followed by a push into a cycle peak later in the year. Related Reading September Proves Risky For Bitcoin And Crypto Market A recent X social media post by crypto analyst Benjamin Cowen has highlighted a recurring pattern in Bitcoin’s price action that could have significant implications for the market over…
Bitcoin Makes A Modest Pullback As Market Eyes Post Trump-Putin Meeting Reaction
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…
Altcoins Takeover Incoming? These On-Chain Metrics Signal An Imminent Market Shift
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…
Stocks fall after hot PPI inflation data, bitcoin, ethereum, and the crypto rally
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Morning Brief anchor Julie Hyman breaks down the latest market news for August 14, 2025. Stocks opened lower after new data showed wholesale inflation accelerated in July. Our panel breaks down what the latest PPI data means for markets, Fed monetary policy, and rate cuts. Bitcoin surged past $124,000 before pulling back. Ethereum is nearing an all-time high. We look at what is fueling the crypto rally and where the crypto sector is headed. For more Morning Brief videos, please visit: #youtube…