15 Aug 2025, 09:03

Bitcoin (BTC) Drops $6,000 After Bad PPI Data and Bessent's No-Buy Comment

Thursday witnessed quite a collapse in the Bitcoin price as PPI data came in very much worse than expected. However, the real bombshell was Treasury Secretary Bessent’s comment that the US would not be buying Bitcoin for its Strategic Reserve, a comment that he may now have walked back on. Awful US PPI data Some pretty awful Producer Prices data was released on Thursday which put the skids under the Bitcoin price. It showed that the Producer Price Index had risen 3.3% on an annual basis last month compared with a forecast figure of a 2.5% gain. This could even have implications for the expected rate cut in September. Bessent not buying - then buying again However, what really sent the Bitcoin price into collapse mode was U.S. Treasury Secretary Bessent’s statement during an interview on Fox News that the US government would not be buying Bitcoin to add to its Strategic Reserve. Notwithstanding, only a few hours later in a post on X , the Treasury Secretary appeared to contradict his earlier statement by affirming the following: Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the “Bitcoin superpower of the world.” Whether Bessent miscommunicated in his Fox News interview, or whether he meant what he said, it would seem that the second statement has put Bitcoin purchases back on the agenda. Dip results in closing CME gap and retesting bull flag Source: TradingView If it wasn’t for the trigger of the two valid shocks to the market, one might have thought that the recent sharp dip in price was highly manipulated. Not long after making a new all-time high, the $BTC price fell precipitously all the way down to close the CME gap and retest the top of the bull flag. If you also throw into the mix the fact that short-term momentum indicators were able to reset, the collapse may have had a silver lining. Right now the $BTC price is up against the $119,000 horizontal resistance level. It would be expected that there may be a pause here, but given the bounce from the Stochastic RSI indicators, the pause might only be temporary. Bulls need to get $BTC price back on track Source: TradingView The daily chart shows the trend breaks in the price action and also in the RSI. For both it can be observed that it wouldn’t take too much for the price to get back above those uptrends. Concentrating on the RSI, it will be important for the indicator line to rise above the descending trendline (black line) in order to get back on track. $119,000 is the important level to hold over the weekend Source: TradingView The weekly time frame view for $BTC reveals a candle that is far from good looking. The bulls will be hoping that the candle becomes green and fills up over Friday and the weekend. Even if this doesn’t really happen, the main thing is to stay above what is starting to become a strong level of support at $119,000. At the bottom of the chart, the RSI illustrates how important it is for the indicator line to finally break through the descending trendline. When it does, this is likely the signal that $BTC is heading into its next leg higher. 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.

15 Aug 2025, 09:00

Bitcoin Halving Countdown: This Altcoin Could Outperform All Majors in 2025

Bitcoin’s price has surged past $121,000 after a 5% weekly climb, putting the spotlight back on the next big market event — the Bitcoin halving. These programmed supply cuts have a history of triggering major price waves, not just for Bitcoin but also for the altcoins riding its momentum. With the next halving set for April 2028, investors are already building watchlists for the best altcoin to buy in 2025 and the top altcoins 2025 that could lead the charge. Among the rising names, MAGACOIN FINANCE is making waves as a bold new contender with serious upside potential. The Countdown to Bitcoin’s Next Supply Shock The fourth Bitcoin halving took place on April 20, 2024, slashing mining rewards from 6.25 BTC to 3.125 BTC per block. This hard-coded event reduced new supply by 50% and reinforced Bitcoin’s scarcity model. The next one — projected for April 4, 2028 at block 1,050,000 — will cut the reward again to just 1.5625 BTC. With around 140,129 blocks left (about 965 days), the market has entered a long build-up phase. Past cycles show that altcoins often outperform in percentage gains when the post-halving bull run kicks in. That’s why traders are already hunting for the best crypto to invest in 2025 — aiming to position before the real momentum begins. From DeFi leaders to AI-driven blockchain plays, the top altcoins 2025 list is filling with projects that could rival Bitcoin’s performance. MAGACOIN FINANCE: Poised for a 35x Breakout As the halving clock ticks, MAGACOIN FINANCE is shaping up to leave even the biggest names in the dust. Analysts tracking its progress are pointing to a projected 35x climb — a number that puts it in rare territory for potential returns. Unlike older projects weighed down by slow innovation, MAGACOIN FINANCE is built for speed, adaptability, and market engagement. This makes it more than just another speculative token. It’s positioning itself to join the top altcoins 2025 conversation, giving investors an alternative to the large-cap giants. For those building positions now, MAGACOIN might be the best altcoin to buy in 2025 for outsized gains when the halving sparks a new market cycle. Why This Halving Could Change the Game for Altcoins Every halving triggers a fresh wave of attention to crypto markets. Bitcoin may lead the headlines, but the fastest moves often happen in smaller, high-growth coins. That’s where opportunities lie for investors looking beyond the big names. The 2028 halving will likely tighten supply while demand rises, creating ideal conditions for altcoins with strong narratives and active communities. MAGACOIN FINANCE checks those boxes, making it a standout candidate alongside other promising projects for the best crypto to invest in 2025. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Bitcoin Halving Countdown: This Altcoin Could Outperform All Majors in 2025

15 Aug 2025, 09:00

Analyst Says XRP Pump Always Comes After This Happens

XRP has yet to put in a major pump after the conclusion of Ripple’s legal battle with the Securities and Exchange Commission (SEC), leading to questions as to why the altcoin is struggling. So far, XRP looks to be under a lot of selling pressure, but this could just be the preparation for the next takeoff. As crypto analyst MadWhale explains, it is times like these that the major moves tend to happen . Market Makers Prepping XRP For A Big Move? The sentiment around XRP has begun to shift toward the negative as the altcoin has not kept up with the likes of Bitcoin and Ethereum through the recent market surge. This underperformance has kept the cryptocurrency from its all-time high campaign as the price has continued to trend sideways. Undeterred by this price action, crypto analyst MadWhale has mapped out what could possibly be happening to the XRP price and how market makers could be using this as an opportunity to shake out investors. In the post, the analyst explains that no market is ever just straight up or down, and it is the swings that market makers use against traders. MadWhale explains that market makers hold the price in a narrow range or display dull sideways price movements, with breakouts in no particular direction taking place. During this time, they cause investors to lose interest and hope in the digital asset, as they make them pull out of the market. As this happens, while investors think that the cryptocurrency has lost its momentum and will continue to crash, the market makers are using it to prime the next move. The target is often again high-leveraged traders to make them lose their positions as they flush them out. The Move Happens When Hope Fades While shaking out the weak hands on assets like XRP , market makers are also snapping up liquidity, which is what helps to make the next move easier. The analyst calls it “the fuel for major market moves” as it makes it cheaper for the market makers to carry out their moves. Once XRP investors are worn out and the weak hands have been taken out, this is when the main move begins . “The market never moves in a straight painless path. Every swing trap or sideways grind has a purpose. If you understand these moves as part of the market maker’s plan to gather liquidity you can position yourself where others give up and join the move when it truly starts. Patience and pattern recognition are your sharpest weapons,” MadWhale concluded.

15 Aug 2025, 09:00

5 Reasons Why Ethereum Price To $15,000 Is ‘Programmed’

The Ethereum price has struggled to keep up with the rapid acceleration of Bitcoin over the years, failing to put in a new all-time high despite Bitcoin crossing $120,000. However, with a turn toward altcoins, Ethereum has quickly become the center of attention, especially after ETH crossed the $4,000 level. Now, as interest balloons, expectations for how high the Ethereum price could go have expanded, with many expecting 5-figures soon. Why Ethereum Price Is Headed For $15,00 In an X (formerly Twitter) post, popular crypto analyst Rekt Fencer predicted that the Ethereum price was “programmed” to reach the $15,000 mark. As for why he believes that the altcoin would climb this high, he highlights five major developments that will be the defining trigger for the Ethereum price to reach $15,000. Related Reading: Ethereum CME Gap Threatens Recovery, Why A Crash To $4,080 Is Possible The first thing on the list is the fact that ETH buying has been ramping up among institutions lately. For example, Ethereum treasury companies have sprung up in the last year, with the likes of Bitmine and SharpLink leading the charge. With ETH quickly becoming the cryptocurrency of choice for these large investors, over $10 billion worth of ETH has been bought by these companies in less than three years. Next on the list is the fact that US President Donald Trump is a major Ethereum holder. The president, who is hailed as the first pro-crypto president of the United States, currently holds over $500 million worth of ETH. This means that the majority of the president’s crypto wealth is actually in Ethereum. Another major factor driving up the value of the Ethereum price is the heightened interest in Spot Ethereum ETFs. As buying of Spot Ethereum ETFs has ramped up, so have their total holdings. According to data from the CoinMarketCap website, Spot ETH ETF issuers now control a whopping $19 billion in AUM, which translates to 3.76% of the total Ethereum market cap. Related Reading: Brace For Impact: Bitcoin Price Could Crash To $110,000 Amid Signs Of Exhaustion Fourth on the list is the proliferation of pro-crypto laws such as the GENIUS Act that was passed this month. This has made it easier for institutional investors to move into Ethereum and driven up buying during this time. Then the fifth point is the fact that staking for Spot Ethereum ETFs is coming. While this is yet to be approved, there have been multiple filings by Spot Ethereum ETFs to allow ETH staking for the funds. This means that if this is approved, then these funds would end up locking a large number of their ETH holdings in order to enjoy yield from staking. Featured image from Dall.E, chart from TradingView.com

15 Aug 2025, 09:00

Coinbase research head predicts surge in altcoins

Coinbase’s head of research, David Duong, argued that current crypto conditions suggest there could soon be a shift towards digital assets outside of Bitcoin. His remarks came amid the recent growth in altcoins this year. Duong mentioned in Coinbase’s monthly report on Thursday that September might see a push towards a full-scale altcoin season. According to Coinbase, an altcoin season is clear when three quarters of the top 50 altcoins surpass Bitcoin over 90 days. Duong believes Fed policies might drive retail participation into altcoins Altcoin Season is coming As September approaches, the transition to a full-scale altcoin season is likely. Our positive 3Q25 outlook stems from macro trends such as potential Fed rate cuts and expected regulatory advancements. More key themes in this Monthly Outlook report ↓ — Coinbase Institutional 🛡️ (@CoinbaseInsto) August 14, 2025 The exchange’s head of research believes that money market funds currently hold a significant amount of retail capital. Duong noted that a record $7.2 trillion is currently sitting in U.S. money market funds. He argued that the decline of cash balances by $150 billion in April ignited stronger crypto and risk asset performance in subsequent months. Cash balances rebounded by over $200 billion in June, which he believes was at odds with the crypto appreciation witnessed over the same period. Duong also argued that retail participation was imminent due to the probability of potential Federal Reserve easing in the coming months. His remarks came after July’s Consumer Price Index (CPI) showed moderate inflation at 2.7% YoY. As previously reported by Cryptopolitan, Tuesday’s inflation data increased the chances of the central bank cutting rates in September on futures markets to around 98%. At the time of publication, CME’s FedWatch tool showed a 93% reduction in the September rate after Thursday’s producer prices showed the quickest rise in three years. According to Duong, interest rate cuts have the potential to draw fresh capital into the market and could ignite an altcoin rally. Source: Coinbase . Altcoin open interest dominance ratio. He also argued that BTC dominance could influence the beginning of an altcoin rally. The BTC dominance gauge has plummeted 10% from over 65% in May to around 59% by August. At the time of publication, BTC dominance is currently at 59.36%, its lowest level since January. Duong believes that Bitcoin’s current market dominance signals the early stages of capital rotation into altcoins. On Thursday, crypto day trader Ito Shimotsuma also noted that Bitcoin dominance had just formed its first monthly bearish cross since January 2021. He stated that in the past, altcoins rallied for only four months when such a scenario occurred. According to him, a similar scenario is likely to occur that will lead to an altcoin rally till December. ETH institutional interest growth fuels altcoin season Duong believes the altcoin season is imminent due to the surge in altcoin season indexes in recent months. The altcoin market cap has risen above 50% since early July, but is yet to reach the 75% threshold, which historically determines altcoin seasons . At the time of publication, CoinMarketCap’s Altcoin Season Index currently sits at 45, up from below 25 in July. CryptoRank’s index is at 50, while Blockchain Center’s remained neutral at 53. “With the altcoin market cap climbing and the Altcoin Season Index showing early positive signals, we believe conditions are setting up for a potential rotation into a more mature altcoin season as we head into September.” – David Duong , Head of Research at Coinbase Joanna Liang, founding partner of Singapore-based venture capital firm Jsquare, said three key conditions need to align for an altcoin season to take place. She explained that a drop in a favorable overall market condition, a drop in BTC dominance, and a strong new narrative are enough conditions to signal an altcoin rally. Past altcoin cycles were driven by different catalysts such as ICOs in 2017-2018, Layer-1s in 2018-2019, and DeFi/NFTs in 2021-2022. Liang believes that the altcoin market is yet to rally, as it awaits market signals that can inject fresh capital and fuel an altseason. If you're reading this, you’re already ahead. Stay there with our newsletter .

15 Aug 2025, 09:00

Over $1.6M Lost to Address Poisoning Scams This Week

One victim lost 140 ETH after copying a lookalike address “poisoned” into their transaction history. Similar scams drained $880,000 from another victim, alongside multiple smaller thefts. On top of this, malicious signature requests stole more than $600,000, including $165,000 in a single attack. The FBI also warned of fraudulent “crypto recovery law firms” targeting scam victims for additional theft, amid rising crypto-related crime that saw $2.5 billion lost in the first half of 2025. Crypto Users Hit by Address Poisoning Spree Crypto scammers stole more than $1.6 million from unsuspecting users through address poisoning attacks in just the past week. This means that these attacks surpassed the total losses that were recorded in the entire month of March. One of the most serious incidents occurred on Friday, when a victim mistakenly sent 140 Ethereum (ETH), valued at roughly $636,500, to a fraudulent address. According to scam prevention platform ScamSniffer, the victim copied the wrong address from their transaction history after it was “poisoned” with a lookalike entry. The history, ScamSniffer explained , was already filled with malicious addresses, making it only a matter of time before the trap succeeded. The theft was not an isolated case. On Sunday, another victim lost $880,000 worth of cryptocurrency to the same type of scam. Additional reports from cybersecurity alerts revealed smaller losses, including $80,000 from one user and $62,000 from another. Combined data from multiple security firms confirmed that over $1.6 million was drained from victims’ wallets through address poisoning since Sunday, which is more than the $1.2 million that was lost to these attacks in March . Address poisoning works by sending small transactions from addresses that closely resemble those of legitimate contacts or previous transactions. This fake entry then appears in the victim’s transaction history, and if the victim copies the address for a future transfer without double-checking, the funds are sent directly to the scammer. Web3 Antivirus described it as a form of “transaction history poisoning,” which exploits user habits and reliance on partial address verification. On top of address poisoning scams, scammers also took more than $600,000 from victims this week through malicious signature requests , like “approve,” “increaseAllowance,” and “permit” signatures. One such attack on Tuesday resulted in the loss of $165,000 worth of BLOCK and DOLO tokens after the victim unknowingly granted the scammer access to their funds. Security experts urged crypto users to adopt best practices like maintaining an address book or whitelist and verifying the full wallet address before initiating any transaction. Scam Law Firms Target Crypto Victims The US Federal Bureau of Investigation (FBI) also recently issued a new warning to victims of crypto scams, and pointed out that fraudulent law firms are promising to recover stolen funds. In a public service announcement that was made on Wednesday, the agency said these fictitious firms are specifically targeting people who already lost some or all of their crypto holdings, putting them at risk of even more losses and potential compromise of personal data. Warning from the FBI According to the FBI, the scam typically involves unsolicited contact from so-called “crypto recovery law firms” or legal entities requesting payment in cryptocurrency or prepaid gift cards. The bureau explained that legitimate law firms do not operate this way and urged people to be wary of any such outreach, especially if they have not reported the initial scam to law enforcement or civil protection agencies. This latest notice builds on similar warnings the FBI issued in August of 2023 and June of 2024. The warning was also made against the backdrop of rising crypto-related crime. Blockchain security firm CertiK reported that approximately $2.5 billion was lost to hacks, exploits, and scams in the first half of 2025 alone. While some victims manage to recover funds through exchanges or other means, many are left to navigate the aftermath without formal assistance, making them vulnerable to secondary scams. US Treasury Secretary Scott Bessent stated that any digital assets seized by authorities will be added to the national cryptocurrency stockpile—sometimes referred to as a Bitcoin reserve—after compensating affected victims. In April, the FBI’s Dallas division seized $2.4 million worth of Bitcoin linked to an alleged member of a hacking group, later seeking a legal claim on the assets in July. The risks to crypto holders extend beyond online scams as some criminals are resorting to physical threats. SatoshiLabs founder Alena Vranova estimated that at least one Bitcoin holder somewhere in the world is targeted each week in incidents involving kidnapping or ransom demands.