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  • SoFi Bank to start using Bitcoin for cross-border payments

    SoFi Bank to start using Bitcoin for cross-border payments

    SoFi Bank to start using Bitcoin for cross-border payments

    • SoFi will enable instant cross-border transfers using Bitcoin and UMA.
    • Transfers will convert USD to Bitcoin via Lightning, then to local currency.
    • The service will first launch in Mexico with lower fees than traditional remittances.

    SoFi Bank is preparing to shake up the global remittance industry by introducing a blockchain-powered international money transfer service.

    The US digital bank has partnered with Lightspark, a Bitcoin infrastructure company founded by former PayPal president David Marcus, to bring faster and cheaper cross-border payments directly into its app.

    SoFi steps into blockchain payments

    The new service will allow SoFi customers to send money abroad without relying on traditional remittance providers or third-party platforms.

    Instead, transfers will be powered by the Bitcoin Lightning Network and Lightspark’s Universal Money Address, or UMA.

    This technology is designed to move dollars across borders instantly, at any time of the day, while ensuring that fees and exchange rates are displayed clearly before each transaction.

    SoFi says the service will debut later this year, beginning with Mexico, a key remittance corridor from the United States.

    Once rolled out, users will be able to initiate transfers directly through the SoFi app, where US dollars will be converted into Bitcoin, routed across the Lightning Network, and then converted back into the recipient’s local currency before being deposited in their bank account.

    Notably, this is not SoFi’s first step into the digital asset space.

    The bank began offering crypto trading in 2019, but later scaled back the service following regulatory concerns during the collapse of FTX.

    However, with a federal banking license secured and new rules under the GENIUS Act offering greater clarity, SoFi is reentering the sector more aggressively.

    During its most recent earnings call, the company outlined ambitions beyond remittances.

    These include plans for stablecoin issuance, crypto-backed loans, and staking infrastructure for other institutions.

    By positioning itself as a bridge between traditional banking and Web3, SoFi hopes to secure a long-term advantage over pure-play crypto platforms.

    Faster and cheaper transfers

    The promise of speed and lower costs is central to SoFi’s plan.

    Traditional remittances often take days to clear and can cost families as much as 6% of the amount being sent.

    By embedding blockchain rails into its platform, SoFi expects to deliver a service that is available around the clock and significantly below the national average cost of remittances in the United States.

    Anthony Noto, SoFi’s chief executive, emphasised that many of the bank’s members rely on sending money to loved ones overseas.

    He said that building blockchain transfers directly into the SoFi app will give users “faster, smarter, and more inclusive access” to their funds.

    The bank is also opening a waitlist to meet early demand and gauge interest from members who frequently send money abroad.

    Lightspark provides the backbone

    Lightspark, which launched in 2022, has been positioning its UMA as a universal standard for moving money globally in a way that feels as simple as sending an email.

    According to Marcus, Bitcoin is the only open payments network that can power such transactions securely and at scale.

    Marcus added that UMA on SoFi will allow members to move dollars instantly with full transparency and control, while avoiding the delays of traditional systems.

    The collaboration makes SoFi the first US bank to integrate Bitcoin’s Lightning Network and UMA at this scale.

    It also comes at a time when other major institutions, including Bank of America and JPMorgan, are testing blockchain for their own transfer systems.

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  • Crypto update: Bitcoin slips as analysts warn of ‘fragile’ market structure

    Crypto update: Bitcoin slips as analysts warn of ‘fragile’ market structure

    Bitcoin slips as analysts warn of 'fragile' market structure

    • Bitcoin and Ether prices are falling despite positive industry news.
    • A key disconnect exists between weak price action and strong fundamentals.
    • Glassnode warns of market fragility and stretched leverage in the short term.

    A profound and unsettling disconnect is cleaving the cryptocurrency market in two as the trading day begins in Asia.

    While a torrent of structurally bullish headlines points to a maturing and increasingly powerful industry, the price action on screen tells a story of weakness, fear, and retreat.



    This growing chasm between the long-term promise and the short-term pain has left investors caught in a tense tug-of-war.

    The immediate picture is painted in red. Bitcoin is down 3% in the past 24 hours, struggling to hold the line at $113,000.

    Ether is suffering even more, having shed 5.6% to land at $4,100, extending a week of bruising losses across the major digital assets. This persistent pullback is happening in the face of news that would, in any other environment, be sending prices soaring.

    The view from the charts: a structure of sand?

    For one camp of market observers, the current weakness is a simple function of a fragile and overextended market structure.

    In a recent report, the analytics firm Glassnode frames the decline as a textbook case of exhaustion: spot momentum is fading, leverage is dangerously stretched, and the pressure from profit-taking is building to a critical point.

    They warn that even the massive $900 million in inflows into U.S.-listed spot ETFs last week is not enough to sustain the rally on its own.

    Without a renewed wave of conviction buying in the spot markets, Glassnode argues, the market’s positioning remains acutely “vulnerable to deeper deleveraging.”

    A foundation of steel

    This pessimistic view, however, is far from universal. Another camp argues that fixating on the short-term price action is a classic case of missing the forest for the trees.

    The Singapore-based market maker Enflux, in a note shared with CoinDesk, contends that the industry is maturing at a pace that the charts are simply failing to capture.

    They see the weak price action as a temporary “disconnect” and urge traders to focus on the truly significant headlines: Google becoming the largest shareholder in miner TeraWulf, Wyoming launching a state-backed stablecoin, and Tether hiring a former White House crypto policy official. 

    These are not fleeting signals, Enflux argues; they are proof that serious capital and top-tier talent are aligning around a future that is institutional, regulated, and built to last.

    The divergence in tone is telling. One side sees a house of cards, the other sees the scaffolding of a skyscraper being erected.

    The shadow of the Fed

    This internal conflict is being amplified by a powerful external force: the Federal Reserve.

    The entire market is holding its breath ahead of the Fed’s FOMC minutes and, more importantly, Chairman Jerome Powell’s pivotal speech at the Jackson Hole symposium later this week.

    With economists from institutions like Bank of America warning that Powell may argue for holding rates steady amid sticky inflation, the easy-money hopes that have buoyed risk assets are beginning to fade.

    This macro uncertainty is forcing a reckoning in the crypto market, where the short-term fragility is clashing head-on with the long-term fundamental strength. The question now is which narrative will break first.

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  • Bitcoin at risk of a 51% attack from two miners

    Bitcoin at risk of a 51% attack from two miners

    Bitcoin at risk of a 51% attack

    • Foundry USA and AntPool now control over half of Bitcoin’s hash power.
    • Bitcoin price is slipping toward $110,530, a crucial support level.
    • Macro fears and Fed shifts add pressure to already weak crypto markets.

    After Monero’s 51% takeover, two Bitcoin mining pools have sparked fears of a potential 51% attack on Bitcoin.

    Notably, the developments have raised critical questions about the security of the Bitcoin network and the stability of the wider crypto market.

    Also, the concerns over mining centralisation have intensified just as BTC faces steep price declines and broader macroeconomic pressures.

    Two mining pools dominate Bitcoin’s hash power

    Two major mining pools, Foundry USA and AntPool, now control more than half of Bitcoin’s total computing power.

    Foundry even mined eight consecutive blocks in a row, an event that is extremely rare and has heightened fears of network centralization.

    With over 51% of the hash power concentrated in just two entities, experts warn that Bitcoin is technically vulnerable to a 51% attack.

    In such a scenario, the dominant miners could potentially reorganize blocks, censor transactions, or undermine trust in the network.

    While such an attack would be extremely costly and perhaps self-defeating, the centralization trend has raised red flags across the community.

    Rising empty blocks and collapsing fees

    Alongside the hash power imbalance, analysts have noted an increase in the number of empty blocks being mined.

    Empty blocks generate lower transaction fees, which has led to collapsing revenues for miners and less efficient network usage.

    This situation has further fueled concerns about the long-term sustainability of the Bitcoin ecosystem, particularly as users demand greater efficiency from the blockchain.

    Although some commentators argue that a 51% attack would require an astronomical investment, estimated at around $1.1 trillion, they also admit that the risk of manipulation grows when power becomes too concentrated.

    Supporters of Bitcoin believe that no rational actor would spend such sums to destroy the very network that sustains their investment.

    Still, the perception of risk is enough to shake market confidence.

    Bitcoin price slides toward key support levels

    The security fears are unfolding at a delicate moment for Bitcoin’s price.

    After reaching an all-time high of $124,000 just last week, Bitcoin (BTC) has fallen sharply to around $113,000.

    The cryptocurrency is now approaching a crucial support level near $110,530, where buyers are expected to step in.

    If the price holds above that level, a rebound toward $120,000 and eventually $124,474 could follow.

    Some analysts like popular X commentator BitQuant are confident that Bitcoin is still on track to reach $145,000 without ever dipping below the six-figure mark.

    However, if Bitcoin breaks below the $110,530 support zone, the decline could deepen toward $107,000 or even $100,000.

    Short-term charts show bearish momentum, with the relative strength index in negative territory and the 20-day moving average sloping downward.

    Macro fears add pressure on crypto markets

    Beyond the technical charts, macroeconomic shocks are also weighing on sentiment.

    A recent shift in Federal Reserve policy, combined with Wall Street warnings about the newly passed Genius Act stablecoin bill, has unsettled investors.

    There are fears that the legislation could trigger a flood of withdrawals worth up to $6.6 trillion, posing systemic risks to both banking and crypto markets.

     

     

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  • Bitcoin sees strong accumulation despite BTC price pullback

    Bitcoin sees strong accumulation despite BTC price pullback

    Bitcoin Whales Buy The Dip

    • Bitcoin price is near $115,300 after bouncing off lows of $114k.
    • Despite sharp declines this past week, BTC is seeing robust accumulation.
    • Onchain data suggests aggressive whale buying.

    Bitcoin (BTC) price hovers around $115,300 in early trading on August 19, 2025, but despite the pullback that includes a dip to lows of $114k, the benchmark digital asset is witnessing robust accumulation.

    While on-chain data suggests whales are aggressively buying, technical analyses signal bullish support above the psychological $110k.

    Notably, BTC price reached its all-time peak above $124k on Aug. 14.

    Whales scoop Bitcoin on the cheap

    As noted, on-chain data shows bulls have used the sharp price decline in the past few days to buy Bitcoin.

    The overall trend, as analysts from CryptoQuant show, is that accumulation is on the up.

    Crypto analyst Axel Adler Jr notes in a post on X that there’s been a significant shift in Bitcoin’s exchange netflow.

    Per the CryptoQuant on-chain and macro analyst, the 30-day moving average of net outflow has jumped from -1.7K to -3.4k Bitcoin per day, which suggests that coins are exiting centralised exchanges at an accelerated rate compared to sales.

    This accumulation, against a backdrop of Bitcoin’s price drop to lows of $114k, speaks to bulls’ strong long-term conviction.

    In any case, a divergence between net outflows and price decline has historically pointed to a bullish reversal.

    “Against the backdrop of price decline, we see strengthening net outflow: the Exchange Netflow-30D moving average became more negative from -1.7K to -3.4K BTC/day. This means coins on CEX exchanges are being bought faster than they are being sold. Such a shift in a falling market is a bullish divergence, where participants are using the drawdown to buy back coins,” Adler Jr. said.

    Santiment’s onchain analytics also point to this trend. Notably, top whales and sharks have continued to accumulate even amid the mild dip.

    With BTC prices dropping more than 6% since its peak, wallets within the 10-10K range have scooped more than 20,061 BTC.

    “When we zoom out, this same group of key stakeholders has added 225,320 Bitcoin going back to March 22nd. There has been notable correlation between this group’s holdings and the direction of future price movement for the majority of the past five years,” Santiment noted.

    What’s the Bitcoin price outlook?

    Bitcoin’s price technical picture shows BTC lies within the broad range of support at $112k and resistance at $120k.

    Although panic selling in recent weeks has some holders in a downbeat mood, CryptoQuant says they may be dumping at a loss.

    “This loss-selling event becomes a critical barometer of market health. If absorbed quickly, it could mirror past resets that fueled strong rebounds. If not, it risks signalling a momentum breakdown,” noted crypto analyst Kerem.

    With on-chain data indicating strong accumulation and technical indicators supporting a bullish outlook, BTC remains largely bullish.

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  • Metaplanet adds 775 Bitcoin to treasury amid market pullback

    Metaplanet adds 775 Bitcoin to treasury amid market pullback

    Bitcoin consolidates below $120K; Analysts say Ethereum flows will guide next market move

    • Simon Gerovich said the company acquired the bitcoins at an average cost of $120,006 each.

    • Metaplanet began implementing its Bitcoin accumulation strategy in April 2024.

    • With the latest purchase, Metaplanet’s total bitcoin holdings have risen to 18,888 BTC, valued at about $1.94 billion.

    Metaplanet, a Japanese Bitcoin treasury company, has purchased an additional 775 BTC for roughly $93 million as part of its ongoing accumulation strategy.

    The firm disclosed the latest acquisition on Monday through a post by its president, Simon Gerovich, on X.

    Gerovich said the company acquired the bitcoins at an average cost of $120,006 each.

    With the latest purchase, Metaplanet’s total bitcoin holdings have risen to 18,888 BTC, valued at about $1.94 billion.

    The firm’s average purchase price now stands at $102,653 per bitcoin.

    Metaplanet began implementing its Bitcoin accumulation strategy in April 2024.

    The firm is currently the seventh-largest holder of Bitcoin globally, according to Bitcointreasuries data.

    In his post announcing the milestone, Gerovich noted the company’s growing treasury position and reaffirmed its commitment to the strategy.

    Metaplanet’s Q2 results

    The company also released its second-quarter financial results last week.

    Total revenue reached 1.2 billion yen ($8.4 million), representing a 41% increase from the previous quarter.

    Net income swung to a profit of 11.1 billion yen ($75.1 million), compared to a net loss of 5 billion yen ($34.2 million) in the first quarter.

    Metaplanet said it continues to project full-year revenue of 3.4 billion yen and operating profit of 2.5 billion yen.

    The company attributed this outlook to recurring income from cash-secured put premiums and its operational performance.

    Metaplanet stock under pressure

    Despite the upbeat earnings and treasury expansion, Metaplanet’s stock price fell 8.6% on Friday to close at 866 yen.

    On Monday, shares recovered slightly, rising 0.6% around midday in Japan, while markets were still open.

    Addressing the recent weakness, Gerovich acknowledged the disappointment among investors but stressed confidence in the company’s long-term approach.

    He said the firm’s bitcoin income generation business has expanded for three consecutive quarters, adding that recurring income provides resilience and flexibility to support future financing and treasury operations.

    Bitcoin price today

    The latest acquisition comes as bitcoin’s price faces volatility.

    The world’s largest cryptocurrency touched a new all-time high of $124,474 last Thursday before retreating 4% the same day.

    Over the weekend, it traded around the $117,300 level and was slightly lower at the start of the week, nearing key support at $116,000.

    If Bitcoin closes below that level, analysts note that the decline could extend toward its 50-day Exponential Moving Average of $115,031.

    A further break below could test the next support zone near $111,980.

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  • Norway’s $1.6 trillion wealth fund boosts indirect Bitcoin exposure by 192% in Q2 2025

    Norway’s $1.6 trillion wealth fund boosts indirect Bitcoin exposure by 192% in Q2 2025

    Norway’s $1.6 trillion wealth fund boosts Bitcoin exposure by 83% in Q2 2025

    • NBIM now holds the equivalent of 7,161 BTC through listed equities.
    • Institutional interest in Bitcoin grows through ETFs and corporate holdings.
    • The move may signal early stages of sovereign-backed Bitcoin adoption.

    Norway’s sovereign wealth fund, the largest in the world, has taken a significant step into the cryptocurrency market, increasing its Bitcoin (BTC) exposure by 192% during the second quarter of 2025.

    Norges Bank Investment Management (NBIM), which manages the country’s $1.6 trillion oil-funded portfolio, expanded its holdings from the equivalent of 2,446 BTC from the June quarter in 2024 to 7,161 BTC.

    The move underscores a broader shift among institutional investors who are using publicly listed equities and ETFs to gain exposure to the cryptocurrency market without holding digital assets directly.

    Bitcoin exposure rises through equities and ETFs

    NBIM’s largest Bitcoin exposure comes via its stake in MicroStrategy (MSTR), the biggest corporate holder of the cryptocurrency. The fund also initiated a smaller position equivalent to 200 BTC in Japan-based Metaplanet.

    These holdings are reflected in the fund’s Q2 2025 13F filings, which track institutional investments in US-listed companies.

    The data, compiled by analysts, highlights NBIM’s increased allocation to Bitcoin-linked equities during a period of growing global interest in the asset class.

    Sovereign wealth funds are typically known for their conservative, long-term investment strategies, making this level of exposure notable.

    Institutional participation strengthens

    The move by NBIM comes amid rising institutional adoption of Bitcoin, driven in part by strong inflows into Bitcoin ETFs and increased corporate interest.

    These products have made it easier for large investors to gain exposure without managing the complexities of digital asset custody.

    Industry analysts note that sovereign wealth funds and large pension managers are beginning to explore Bitcoin as part of diversified long-term portfolios.

    While NBIM has not publicly commented on its decision, the timing aligns with Bitcoin’s steady price gains over the past quarter, supported by favourable macroeconomic conditions and increased demand.

    Strategic hedge potential

    For NBIM, the Bitcoin allocation remains a small portion of its total assets, but it may serve as a hedge against currency debasement and geopolitical risks.

    Such positioning reflects a growing recognition among large investors that Bitcoin could play a role in risk-adjusted portfolio diversification.

    The increase also follows a global trend where state-backed investment vehicles cautiously test exposure to emerging asset classes, particularly those viewed as potential stores of value.

    If this allocation pattern continues, the participation of sovereign funds could have a meaningful impact on Bitcoin’s market liquidity and institutional legitimacy.

    Broader implications for sovereign-backed Bitcoin adoption

    The developments at NBIM may signal the early stages of more widespread sovereign-backed Bitcoin adoption.

    Although the current exposure is small relative to the size of the fund, the scale of sovereign wealth fund capital means even incremental moves can influence market dynamics.

    As other funds monitor NBIM’s strategy, institutional activity in Bitcoin-linked assets could increase further.

    For the cryptocurrency market, these flows represent a structural change in the investor base, moving beyond retail speculation to long-term, strategic capital from the world’s largest pools of wealth.

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  • Bitcoin hits new all-time high as Fed easing bets and favorable US policy align

    Bitcoin hits new all-time high as Fed easing bets and favorable US policy align

    Bitcoin hits new all-time high as Fed easing bets and favorable US policy align

    • Bitcoin smashes its record, climbing to a new all-time high of $124,002.
    • Hopes for a significant Federal Reserve rate cut are fueling the rally.
    • A new executive order opens the door for crypto in 401(k) retirement plans.

    Bitcoin blasted through to a new all-time high on Thursday, as a perfect storm of roaring optimism over Federal Reserve policy and a series of powerful pro-crypto reforms converged to send the digital asset into uncharted territory.

    The move signals a dramatic new phase for a market that has been supercharged by a seismic shift in the US political and regulatory landscape.

    In early Asian trading, the world’s largest cryptocurrency climbed as much as 0.9% to touch $124,002.49, decisively surpassing the previous peak it set in July.

    The tidal wave of buying lifted the broader market, with the second−largest token, Ether, surging to 4,780.04—its highest level since the bull market of late 2021.

    The three-pronged catalyst: Fed, institutions, and the White House

    This record-setting rally isn’t a random surge; it’s being powered by a clear confluence of forces.

    According to IG market analyst Tony Sycamore, Bitcoin’s momentum is a direct result of “increasing certainty of Fed rate cuts, sustained institutional buying and moves by the Trump administration to ease investment in crypto assets.” 

    The technical picture is now just as bullish, with Sycamore noting that a decisive move could open the floodgates for a much larger run. “Technically a sustained break above $125k could propel BTC to $150,000,” he wrote in a note.

    The ‘crypto president’ and the $1.6 trillion surge

    Since President Donald Trump’s return to the White House, the regulatory environment in the United States has transformed from hostile to overtly favorable.

    Trump has proudly labeled himself the “crypto president,” and a series of long-sought regulatory wins for the industry have followed throughout 2025, from the passage of landmark stablecoin regulations to a broader overhaul by the securities regulator to accommodate digital assets.

    The market impact of this policy pivot has been staggering. Bitcoin itself has risen nearly 32% so far in 2025.

    More broadly, the entire crypto sector’s market capitalization has ballooned from about $2.5 trillion in November 2024, when Trump won the election, to over $4.18 trillion today, according to data from CoinMarketCap.

    Unlocking retirement billions: the 401(k) game-changer

    The latest and perhaps most significant tailwind came from an executive order signed last week on Thursday.

    The order paved the way for crypto assets to be included in 401(k) retirement accounts, a move that could unlock a colossal new wave of mainstream capital for the asset class.

    This is not just a win for investors; it’s a potential boon for asset management giants like BlackRock and Fidelity, whose crypto exchange-traded funds (ETFs) could become staples of American retirement planning.

    However, this push into long-term savings is not without its perils.

    The very volatility that creates spectacular rallies also poses significant risks, especially for retirement accounts that have historically relied on the relative stability of stocks and bonds.

    For now, though, the market is firmly focused on the upside, celebrating a new era of legitimacy that has sent its leading asset to heights once thought unreachable.

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  • Altcoins soar, Bitcoin stalls as Fed rate cut speculation hits fever pitch

    Altcoins soar, Bitcoin stalls as Fed rate cut speculation hits fever pitch

    Altcoins soar, Bitcoin stalls as Fed rate cut speculation hits fever pitch

    A simmering crypto rally boiled over into a full-blown frenzy during late US trading hours on Tuesday, after Treasury Secretary Scott Bessent dropped a bombshell suggestion that sent shockwaves through the market: the Federal Reserve should consider an aggressive 50 basis point rate cut.

    His words acted like rocket fuel for risk assets, unleashing a powerful new leg higher for altcoins while leaving Bitcoin watching from the sidelines.

    The market-moving comments came during an interview on Fox News, where Bessent openly questioned the central bank’s next move. 

    “The real thing now to think about is should we get a 50 basis-point rate cut in September,” Bessent stated. He went further, criticizing the central bank’s information-gathering process, adding that the Fed could have cut rates as early as June if it had been given accurate data, which he described as a “foundational issue.”

    The Bessent fffect: unleashing the bulls

    While markets had already almost fully baked in a standard 25 basis point cut for September, the mere mention of a 50-point move from a figure of Bessent’s stature completely reset expectations.

    Although the Treasury Secretary is not a member of the Federal Reserve, his words carry immense weight.

    President Trump has tasked him with leading the search for a replacement for current Fed Chair Jerome Powell, making his views a potential preview of the central bank’s future policy direction.

    The reaction was immediate and fierce. Ether (ETH), already enjoying a positive day, blasted higher, surging nearly 9% over the past 24 hours to trade above $4,600 for the first time since the heady days of November 2021.

    An altcoin affair

    This was emphatically an altcoin-driven rally. Other major cryptocurrencies joined the surge, with Cardano (ADA), Solana (SOL), and Litecoin (LTC) each rocketing ahead by about 8%. XRP also caught a bid, rising 3.5%.

    This flood of capital into digital assets mirrored a rally in equity markets, which climbed more than 1%, while the dollar weakened against all major currencies.

    Conspicuously absent from the party were the Bitcoin bulls.

    The world’s largest cryptocurrency remained largely unchanged, hovering around the $120,000 mark, suggesting traders were selectively deploying capital into assets perceived to have more immediate upside in a “risk-on” environment.

    The stage for this dramatic late-day surge had been set earlier on Tuesday morning. The initial spark for the rally came after new data showed US consumer prices in July rising roughly in line with economist estimates, providing a sigh of relief.

    But it was Bessent’s unexpected words that turned that sigh of relief into a roar of speculative excitement.

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  • BCH looks to break key resistance as Bitcoin Cash volume jumps 30%

    BCH looks to break key resistance as Bitcoin Cash volume jumps 30%

    Bitcoin Cash Price

    • Bitcoin Cash price is near $590 having touched highs above $604 in the past 24 hours.
    • While BCH is a mere 1% in 24 hours at the time of writing, it’s 18% higher in 30 days.
    • Bitcoin Cash could break above critical resistance and eye the $1,000 level.

    Bitcoin Cash (BCH) is not one of the flashy performers in the crypto market, with the coins’ 18% uptick in the past month small compared to peers in the top 100 cryptocurrencies by market cap.

    However, as Ethereum makes headlines as it approaches its all-time high, Bitcoin Cash is also hovering around a critical resistance level having tested the $600 level.

    This charge, fueled by a remarkable 30% surge in daily trading volume, could see BCH eye further gains towards the $1,000 mark. But what’s the technical outlook?

    Bitcoin Cash retests key price level

    The price of Bitcoin Cash is currently retesting a pivotal resistance zone, with its price hovering around the $600 mark.

    Over the past 24 hours, BCH has touched highs of $601 across major exchanges, and shows resilience with prices remaining above $590 and ticking to highs near the July peak of $604.

    BCH price chart by TradingView

    The jump to $600 represents a notable move for BCH, as this allows buyers to test the upper boundary of a sell wall that has previously seen bears emerge strongly.

    Notably, the 30% spike in trading volume speaks to the increased market activity, suggesting traders may be positioning for a potential breakout.

    What’s next for BCH price: Can bulls reclaim $1,000 in 2025?

    BCH price reached highs of $624 in December 2024 and last traded above $1,000 in 2021.

    Looking at the technical picture for Bitcoin Cash, the overall outlook is optimistic, with bulls setting their sights on flipping $600 into a robust support level.

    From here, a potential climb towards $1,000 is possible. In the short term, the supply wall is around $680 and $764 and above this, a flip to $1k and over will be more likely.

    The broader market sentiment, with Fear & Greed Index trending in the “Greed,” zone, adds to this outlook.

    BCH’s technical indicators also align with a bullish trend. Increased adoption that has investors buoyed amid favorable macroeconomic conditions, gives this altcoin a good chance of continuing higher.

    However, traders may yet trade cautiously as profit taking a dump for major altcoins could dampen broader sentiment.

    The upcoming inflation data, with Bitcoin’s correlation with stocks tight, could mean either a sharp surge or notable dump.

    “BTC ’s correlation with equities has tightened since mid-July, mirroring US stocks’ rebound to near record highs. Attention now shifts to Tuesday’s CPI, expected to rise 10 bps to 2.8%,” analysts at QCP noted. “A softer CPI could cement odds of a September Fed cut, while a hotter print risks stalling the rally. Traders are hedging with demand for short-dated $BTC puts in the $115k–$118k range.”

    The price of Bitcoin hovers around $118,500, while BCH trades near $590.

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  • Bitcoin price forecast: BTC price steadies as long-term holder selloff cools

    Bitcoin price forecast: BTC price steadies as long-term holder selloff cools

    Bitcoin price forecast

    • Long-term holder (LTH) selloffs cool, easing Bitcoin price selling pressure.
    • BTC price holds above $116,817 despite rejection near $122K.
    • CPI data may decide the next major BTC price move.

    Bitcoin price forecast shows BTC price steadying as long-term holder selloffs cool.

    Meanwhile, traders are watching on-chain flows and macro prints for signs of the next directional move.

    Long-term holders’ selloff cools

    Long-term holders have materially reduced daily sales, and consequently, the market has seen a clear shift toward holding.

    According to on-chain data, daily LTH sales slipped below $1 billion in August, after averaging above that threshold in July, and this shift has removed a notable chunk of selling pressure.

    Moreover, the reduced flow of coins to exchanges, according to Coinglass, has coincided with renewed accumulation, which in turn supports a calmer BTC price near current range levels.

    On-chain evidence points to accumulation

    Binary Coin Days Destroyed has dropped toward zero, signalling that older coins are not moving and therefore are being held longer.

    Bitcoin Binary CDD chart.

    Additionally, the Fund Flow Ratio sits at unusually low levels, around 0.057, and this suggests fewer assets are being sent to exchanges.

    Consequently, spot market net inflows — including a recent $51 million buy day after a $242 million sell-off on August 10 — reinforce that demand is returning more steadily than before.

    Triangle breakout holds, but risks remain

    Technically, Bitcoin broke upward from a triangle and remains above the $116,817 breakout threshold, which means momentum is still intact.

    However, recent attempts to clear $122,000 ended with a rejection and a “gravestone” doji candlestick, and hence, traders note that the path to a new ATH may not be smooth.

    Bitcoin price chart analysis

    Meanwhile, a CME futures gap near $117K and four-hour 200MA/EMA confluence add short-term technical magnetism that could invite retests before any sustained push higher.

    CPI and Fed policy could tilt the scales

    Macro catalysts are front and centre because upcoming US CPI figures influence rate-cut expectations and dollar strength.

    If core inflation prints higher than expected — for example, near 3.1% — then Fed-cut odds for September would likely decline, and as a result BTC price may face pressure.

    Conversely, a softer CPI near 2.9% would boost rate-cut prospects, weaken the dollar, and likely favour renewed upside for crypto and BTC price momentum.

    Two plausible paths for Bitcoin traders

    On the bullish path, continued LTH holding, steady capital inflows, and a break above recent highs could carry BTC to new discovery above $123,000 and into a $120K–$125K zone.

    On the bearish path, a confirmed distribution phase — as some Wyckoff-analysing traders warn — could open a markdown toward the $92K–$95K area, and therefore, traders must respect risk controls.

    Thus, momentum and macro prints will decide whether the market grinds higher or re-enters a corrective phase.

    Bitcoin price forecast: What traders should watch

    Watch whether BTC holds $116,817 and whether exchange inflows remain subdued, because these are immediate signs of supply drying up.

    Also, monitor short-term technical confluence at the CME gap near $117K and the reaction to CPI data, since both can trigger quick directional moves.

    While sentiment includes bullish voices like the co-founder of PayPal, Peter Thiel, who sees structural undervaluation, traders should remain nimble and factor in both upside targets and downside scenarios.

    The current Bitcoin forecast balances improved on-chain accumulation against near-term macro risk, and this equilibrium shapes the prevailing BTC price outlook.

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