Bitcoin continues to dominate the market, with its institutional volume hitting a 75% threshold on Coinbase, guiding market sentiment.
BTC not only tops $122k but also, Bitcoin Nears $123k as whale addresses reach an all-time high.
Ethereum is not far behind, nearing its 2021 peak and inching closer to Bitcoin. The Bitcoin's dominance story emphasizes the shift towards alternate cryptocurrency, even though the dominance falls below 60%, showing
crypto and U.S. stocks reaching new highs.
Norway's sovereign wealth fund increased its Bitcoin exposure indirectly responding to
Metaplanet's $100 million investment into BTC. The spotlight continues on
options trades, which show Bitcoin doesn't need a rise for profits, and people expect a liquidation to spike BTC above $125k. Unpredicted, Ethiopia ejected BTC miners in spite of $200mn revenue, whereas Metaplanet boosts BTC reserves.
Donald Trump Jr. offloaded his significant Thumzup stake as the firm targets crypto mining. The news of
Metaplanet buying another 518 BTC for $61 million has jolted the crypto sector.
Harvard University and
Emory University endowment fund establish they are adding Bitcoin EFT and reinvesting in Grayscale, underlining institutional interest. Fears remain regarding potential Bitcoin double top as bulls fail to smash $122k. With the mixed economic data, BTC appears to be the solution to inflation worries.
BTC News Analytics from Fri, 08 Aug 2025 11:39:13 GMT to Wed, 13 Aug 2025 21:56:58 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -3
