12 Aug 2025, 05:26

Bitcoin Traders Eye $135K, Ether $4.8K in Crosshairs as CPI Data Looms

Crypto markets extended gains into Tuesday’s U.S. inflation print, with bitcoin (BTC) holding above $118,000 after a 2.2% daily rise and ether (ETH) steady at $4,300, capping a 17.2% weekly surge that has it closing in on its $4,800 record. Gains were broad across majors as XRP (XRP) climbed 3.2% to above $3.16, Solana’s SOL (SOL) rose 5.2% to $176, dogecoin (DOGE) rose 5.7% to 22 cents, and Binance’s BNB (BNB) added 1.2% to $800. Lido’s staked ether mirrored ETH’s move with an 18% weekly gain. The global cryptocurrency market cap rose to $4 trillion, according to CoinGecko. This week’s rally has flipped the usual dynamic, with altcoin strength dragging BTC higher instead of the other way around. “This is one of the few times when a rally in major altcoins has inspired BTC to break through,” said Alex Kuptsikevich, chief market analyst at FxPro. He noted BTC has already cleared the $120,000 technical barrier, with “the bull’s nearest target now looking to be the $135,000–$138,000 area.” ETH’s outperformance has been bolstered by pro-crypto U.S. legislation and heavy ETF inflows. “Ethereum has gained over 21% in seven days and 45% in the last 30 days,” Kuptsikevich said, adding that the token’s on-chain activity and address growth are nearing historical highs. “We would not be surprised to see its $4,800 peak updated in the coming days.” Macro correlations remain tight with the S&P 500 and Nasdaq are trading near records, shrugging off fresh U.S. tariffs and political drama. The consensus for today’s CPI is a 10-basis-point uptick to 2.8% annual inflation. QCP Capital said in a client note that a softer reading “would likely lock in September rate cut expectations” — now near 100% odds after dovish Fed commentary — while a hotter print could stall the rally. Derivatives flows show traders hedging CPI event risk, with front-end BTC puts in the $115,000 – $118,000 range seeing heavier demand, QCP said, even as short-call covering adds fuel to the upside. BTC ETF inflows and institutional positioning will be critical in determining whether resistance at $122,000 – $124,000 breaks before the week’s end, the firm ended. Read more: ETH Transaction Volume Climbs on Price Rally, Cheaper DeFi Costs

12 Aug 2025, 05:25

Malaysian Central Bank’s Bold Revelation: Bitcoin & XRP as Monetary Alternatives

BitcoinWorld Malaysian Central Bank’s Bold Revelation: Bitcoin & XRP as Monetary Alternatives A fascinating development recently emerged from the heart of Malaysia, sparking significant discussion in the financial world. The Malaysian Central Bank , officially known as Bank Negara Malaysia (BNM), published a working paper that delves into the intriguing possibility of cryptocurrencies like Bitcoin (BTC) and Ripple (XRP) serving as future monetary alternatives . This isn’t just a casual observation; it suggests these digital assets could potentially replace traditional currency in circulation or bank deposits, becoming widespread payment methods outside the conventional banking system. This exploration by the Malaysian Central Bank signals a growing acknowledgment of digital currency ‘s evolving role in global finance. What Did the Malaysian Central Bank Paper Reveal? The working paper, a significant document from the Malaysian Central Bank , explored various scenarios where cryptocurrencies might fit into the nation’s financial landscape. It specifically highlighted Bitcoin and XRP as examples of digital assets with the potential to act as substitutes for existing money forms. The paper considered cryptocurrencies as potential replacements for traditional currency in circulation (CIC). It also looked at their capacity to serve as alternatives to bank deposits. Crucially, the study envisioned these digital assets becoming widespread payment methods, operating independently of the established banking infrastructure. This detailed analysis from a central bank is a powerful indicator of the shifting perspectives on cryptocurrency adoption . Why Are Bitcoin and XRP Being Considered as Monetary Alternatives? The paper’s focus on Bitcoin XRP is particularly noteworthy. Both assets possess unique characteristics that make them intriguing candidates for future payment systems. Bitcoin, known for its decentralization and robust network, offers a censorship-resistant form of value transfer. XRP, on the other hand, is celebrated for its speed and low transaction costs, making it appealing for cross-border payments. The discussion revolves around their ability to facilitate transactions efficiently and offer a degree of independence from traditional financial intermediaries. As the world becomes increasingly digital, the appeal of a streamlined digital currency for everyday transactions grows stronger. Challenges and Opportunities for Cryptocurrency Adoption While the prospect of cryptocurrencies as monetary alternatives is exciting, the Malaysian Central Bank ‘s paper also implicitly acknowledges the challenges. Regulatory frameworks, consumer protection, price volatility, and scalability are all crucial considerations that need addressing before widespread cryptocurrency adoption can occur. However, these challenges also present opportunities for innovation and collaboration between traditional finance and the crypto sector. Key Considerations: Regulatory Clarity: Clear rules are essential for mainstream integration. Consumer Protection: Safeguarding users from risks like fraud and loss. Price Stability: Addressing volatility to ensure cryptocurrencies can function as a reliable store of value. Technological Infrastructure: Building robust systems to handle high transaction volumes. Overcoming these hurdles will pave the way for a more integrated and efficient financial future. What Does This Mean for the Monetary Future? The fact that a major institution like the Malaysian Central Bank is openly discussing Bitcoin XRP and other digital assets as potential replacements for traditional money is a significant paradigm shift. It indicates that central banks worldwide are seriously evaluating how digital innovations will reshape the financial landscape. This isn’t about replacing fiat currency overnight, but rather acknowledging the growing demand for and potential of decentralized and digital forms of money. This exploration by the Malaysian Central Bank could inspire other nations to conduct similar studies, accelerating the global conversation around digital currency and its role in our collective monetary future . The financial world is undoubtedly on the cusp of profound transformation. The working paper from the Malaysian Central Bank represents a pivotal moment in the ongoing narrative of cryptocurrencies. By openly considering Bitcoin and XRP as viable monetary alternatives , Malaysia has signaled a forward-thinking approach to the evolving financial landscape. While significant challenges remain, this official acknowledgment underscores the irreversible trend towards cryptocurrency adoption and the increasing prominence of digital currency in our lives. The journey towards a more digitally integrated financial system is underway, and nations like Malaysia are at the forefront of this exciting exploration. Frequently Asked Questions (FAQs) Q1: What exactly did the Malaysian Central Bank’s paper say about Bitcoin and XRP? The working paper from the Malaysian Central Bank (BNM) stated that cryptocurrencies like Bitcoin (BTC) and Ripple (XRP) could potentially serve as widespread payment methods, replacing traditional currency in circulation or bank deposits outside the conventional banking system. Q2: Does this mean Malaysia will adopt Bitcoin and XRP as official currencies soon? Not necessarily. The paper is a working document exploring potential scenarios and implications. It indicates that the Malaysian Central Bank is studying the feasibility and impact of such a shift, but it does not confirm immediate plans for adoption as official currencies. Q3: What are the main benefits of using cryptocurrencies as monetary alternatives? Benefits include potentially lower transaction costs, faster cross-border payments, increased financial inclusion for the unbanked, and greater efficiency compared to traditional banking systems, especially for specific cryptocurrencies like Bitcoin XRP. Q4: What challenges does the Malaysian Central Bank likely consider for cryptocurrency adoption? Key challenges include regulatory uncertainty, price volatility of cryptocurrencies, consumer protection issues, cybersecurity risks, and the need for robust technological infrastructure to handle large-scale transactions. These factors are crucial for successful digital currency integration. Q5: How does this development compare to other countries’ approaches to digital currency? Many central banks globally are exploring central bank digital currencies (CBDCs) or researching the implications of private cryptocurrencies. The Malaysian Central Bank’s explicit mention of Bitcoin and XRP as potential monetary alternatives, rather than solely focusing on CBDCs, positions it among the more open-minded institutions regarding existing decentralized digital assets. If you found this article insightful, please consider sharing it with your network! Help us spread awareness about the evolving landscape of cryptocurrency adoption and the future of digital currency by sharing on social media. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption . This post Malaysian Central Bank’s Bold Revelation: Bitcoin & XRP as Monetary Alternatives first appeared on BitcoinWorld and is written by Editorial Team

12 Aug 2025, 05:05

Asian shares edged up while dollar held its gains

Asian stocks rose Tuesday after President Donald Trump pushed back a scheduled increase in tariffs on Chinese goods by roughly three months, easing near-term trade pressure but keeping investors focused on what comes next. Japan outperformed as the Nikkei 225 jumped 2.6% to 42,942.14, a new record. Blue-chip stocks were firm, Toyota Motor Corp. rose 3.3%, while others also advanced. In contrast, Hong Kong’s Hang Seng eased almost 0.2% to 24,865.07. On the mainland, the Shanghai Composite inched 0.3% higher to 3,658.62. Gains followed a Monday executive order from Trump that temporarily halted escalation between the world’s two biggest economies, creating a window for broader talks. Without the delay, duties on Chinese imports could have risen from an already steep 30%. Beijing indicated it would mirror Washington’s extension by postponing its own tariff increases on U.S. goods. The extra time offers negotiators space to pursue a deal with Trump, yet businesses still face the planning uncertainty that has marked the conflict’s latest phase. “The extension isn’t about goodwill; it’s about keeping oxygen in the room for deals that matter,” Stephen Innes of SPI Asset Management said in a commentary. Across Asia-Pacific , Australia’s S&P/ASX 200 was essentially flat, up less than 0.1% at 8,852.80, while South Korea’s Kospi rose 0.6% to 3,227.10. US stocks dipped on Monday In the U.S., stocks dipped Monday as investors awaited new inflation figures. The S&P 500 fell 0.3% to 6,373.45 after lingering near its record from two weeks earlier. The Dow declined 0.5% to 43,975.09, and the Nasdaq lost 0.3% to 21,385.40. The week’s marquee U.S. release arrives Tuesday with July’s consumer price index. Economists expect a 2.8% year-over-year rise in prices, above June’s 2.7%. Currencies were calm ahead of the data. The dollar retained recent strength as traders weighed how the CPI could shape expectations for future Federal Reserve rate cuts. The Australian dollar was little moved in the run-up to the Reserve Bank of Australia’s decision. Dollar is holding gains The dollar index , a gauge versus six currencies including the euro and yen, was at 98.497 at 0046 GMT after a two-session gain of 0.5%. Earlier, the greenback had retreated as markets responded to Trump’s dovish-leaning pick for a Fed governor and to like-minded names for the chair, nudging bets toward more easing. On Tuesday, the dollar ticked up 0.1% to ¥148.28, while the euro held near $1.1615. Traders largely took the tariff move in stride, having broadly expected a three-month extension. As Washington and Beijing seek to avert triple-digit import duties, a U.S. official told Reuters that chip makers Nvidia and AMD agreed to allocate 15% of China-related sales revenue to the U.S. government in exchange for export licenses for certain semiconductors. The report underscored how trade and tech policy remain intertwined despite the truce. For the moment, the delay in higher tariffs afforded equities some relief, even as focus turned to the inflation print and to whether talks can convert the pause into something more durable. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

12 Aug 2025, 05:00

Is Bitcoin a ‘perfect asset’ with a catch? Willy Woo has this to say about the risk…

Institutional Bitcoin holdings have been surging, but could the treasury boom be setting the stage for a bubble?

12 Aug 2025, 04:30

Malaysia Central Bank Paper Sparks Debate by Naming XRP and BTC as Monetary Alternatives

A recent working paper from the Central Bank of Malaysia has identified XRP and bitcoin as potential alternatives to traditional monetary and payment systems. Digital Assets Could Replace Bank Deposits A recent working paper from the Central Bank of Malaysia (CBM) has identified XRP alongside bitcoin ( BTC) as potential “alternatives to the current monetary

12 Aug 2025, 04:24

Sharp 7% Drop Sends DOGE Toward 22-Cents Support on High-Volume Selloff

Technical Analysis Overview DOGE falls 6.88% in the 24-hour period ending August 12, dropping from $0.24 to $0.22 as sellers overwhelm bid-side liquidity. The heaviest pressure hits at 07:00 on August 11, with price sliding from $0.238 to $0.233 on 485.69M volume — 31% above the daily average of 371.45M. This establishes $0.238 as a major resistance level. Buyers step in at $0.226 during the 11:00 session, generating 793.38M in volume. Secondary resistance forms at $0.231 as multiple rally attempts fail. Final-hour trade sees DOGE range-bound between $0.2247-$0.2253 with volume compression, suggesting potential seller exhaustion. News Background The selloff comes amid broader weakness in digital assets, with regulatory uncertainty and global trade tensions weighing on risk sentiment. Major economies are escalating tariff disputes, pressuring multinational supply chains, while central banks signal potential policy shifts — a mix that has prompted institutional de-risking across crypto holdings. Price Action Summary • DOGE declines 6.88% from $0.24 to $0.22 in August 11 01:00–August 12 00:00 window • $0.238 resistance locked in after 07:00 selling climax on 485.69M volume • $0.226 support sees 793.38M in buy-side flows; $0.231 secondary resistance caps rebounds • Final hour trades in tight $0.2247-$0.2253 range with falling volume Market Analysis and Economic Factors Whale and institutional profit-taking at $0.238 resistance set the tone for the session, triggering a breakdown below $0.23 and forcing retests of $0.226. Support buying was evident on two major volume spikes (11:00 and 21:00), but repeated rejections near $0.231 kept DOGE pinned. With volume thinning at session lows, the structure hints at possible base-building — though macro headwinds could see $0.22 tested again. Technical Indicators Analysis • Resistance: $0.238 (high-volume rejection), $0.231 (secondary cap) • Support: $0.226 initial defense, $0.2247-$0.2249 intraday floor • 24-hour range: $0.019 (7.89% volatility) • Volume compression near lows signals possible seller fatigue • Multiple failed breakouts above $0.231 confirm supply zone overhead What Traders Are Watching • Retest of $0.22 and whether buyer flows reappear at key support • Breakout attempts above $0.231 as a first step toward recovery • Impact of macro headlines on broader meme coin sentiment • Signs of renewed whale accumulation after selling climax