BTC Bitcoin Cryptocurrency Betting
Bitcoin is the cryptocurrency that started it all. There are dozens of other Cryptocurrencies you can use to deposit at BookMaker and hundreds more on the periphery, but Bitcoin is the most well-known of the bunch. Other cryptos such as Ethereum, Litecoin, Cardano, and Ripple have become more popular too, signifying how mainstream crypto is becoming to the public.
Monday, September 22, 2025 News Update
Major Crypto Selloff Rocks Markets as Bitcoin Falls Below Key Support
The cryptocurrency market experienced significant turbulence today, with Bitcoin breaking below the critical $112,000 support level and currently trading around $110,000-$112,660. This decline has pulled the entire crypto market cap down to $3.9 trillion, marking a substantial retreat from recent highs.
Liquidation Carnage Hits Traders Hard
The market downturn triggered a massive wave of liquidations, with over 402,000 traders forced out of their positions according to Coinglass data. The total liquidation amount reached approximately $1.7 billion over 24 hours, with long positions bearing the heaviest losses at $1.62 billion compared to just $85.8 million in short liquidations.
Bitcoin traders alone faced $276 million in liquidations, while Ethereum saw even higher losses at $483 million. These figures highlight the leveraged nature of recent market positions and the swift reversal in sentiment.
Supply Pressure Looms with Massive Token Unlocks
Adding to market concerns, over $517 million worth of token unlocks are scheduled for the coming week. This impending supply increase has traders worried about additional selling pressure that could extend the current downturn.
Technical Outlook and Key Levels to Watch
Bitcoin faces a crucial test at current levels. If the $112,000 support fails to hold, analysts are eyeing potential drops to $108,000 or even $100,000. Crypto analyst Michael van de Poppe has suggested Bitcoin could decline all the way to the $100,000 psychological level. On the recovery side, Bitcoin would need to reclaim $117,000 to signal renewed bullish momentum toward $123,000.
Ethereum has declined 5.58% to around $4,300 after briefly touching $4,700. Analyst Michael van de Poppe predicts further weakness could push ETH down to $3,700 as it loses support at the 20-day EMA of $4,392. However, he views this potential decline as creating a "massive opportunity" for long-term investors.
XRP dropped 5.7% after facing rejection at the $3.00 level, now trading at $2.87. Analysts are watching for potential support around $2.83, though large whale selling could intensify downward pressure.
Dogecoin found temporary support at $0.212 but has since fallen an additional 4%. Bears could potentially drive DOGE down as much as 45% to $0.12 if current support levels fail.
Silver Linings Amid the Storm
Despite the widespread selling, institutional interest remains evident. U.S. Bitcoin spot ETFs recorded $163 million in inflows, suggesting that long-term investors view current price levels as attractive accumulation opportunities.
Trading Strategy and Risk Management
Analyst Kaz The Shadow has advised traders to exercise patience and avoid opening long positions at current resistance levels. The recommendation is to either wait for a decisive break above $112,000 or for a potential dip to around $105,000 for a more favorable risk-reward entry.
As markets digest both the liquidation cascade and upcoming supply unlocks, near-term volatility is expected to persist. However, for investors with longer time horizons, such market corrections have historically presented compelling accumulation opportunities in quality assets like Bitcoin, Ethereum, and Solana.
Bitcoin Weekly Price Per CoinMarketCap
| WEEK |
BITCOIN PRICE IN USD |
| September 22, 2025 |
112,873.65 |
| September 15, 2025 |
115,005.23 |
| September 8, 2025 |
112,256.06 |
| September 1, 2025 |
109,310.83 |
| August 25, 2025 |
111,378.24 |
| August 18, 2025 |
115,714.77 |
| August 11, 2025 |
119,857.03 |
| August 4, 2025 |
114,220.61 |
| July 28, 2025 |
118,674.79 |
| July 21, 2025 |
118,976.22 |
| July 14, 2025 |
121,973.95 |
| July 7, 2025 |
108,160.58 |
| June 30, 2025 |
107,519.45 |
| June 23, 2025 |
101,566.23 |
| June 16, 2025 |
107,069.44 |
| June 9, 2025 |
107,543.46 |
| June 2, 2025 |
104,186.63 |
| May 26, 2025 |
109,844.10 |
| May 19, 2025 |
103,843.75 |
| May 12, 2025 |
104,151.94 |
| May 5, 2025 |
94,148.60 |
| April 28, 2025 |
94,635.92 |
| April 21, 2025 |
88,208.60 |
| April 14, 2025 |
85,623.93 |
| April 7, 2025 |
78,197.07 |
| March 31, 2025 |
83,428.18 |
| March 24, 2025 |
88,043.32 |
| March 17, 2025 |
82,748.61 |
| March 10, 2025 |
80,483.17 |
| March 3, 2025 |
90,833.10 |
| February 24, 2025 |
94,569.34 |
| February 17, 2025 |
96,701.18 |
| February 10, 2025 |
97,403.56 |
| February 3, 2025 |
96,864.15 |
| January 27, 2025 |
101,643.23 |
| January 20, 2025 |
106,822.51 |
| January 13, 2025 |
92,117.84 |
| January 6, 2025 |
101,692.99 |
Bitcoin Markets Eye Federal Reserve Rate Decision
Cryptocurrency enthusiasts are closely watching the Federal Reserve's anticipated 25 basis point rate reduction, which would bring the benchmark rate to the 4.00%-4.25% range. Market participants expect this monetary easing to benefit Bitcoin's price trajectory. Additional rate cuts appear likely in subsequent months, with projections suggesting rates could decline to approximately 3% over the next year. Fed funds futures currently price in rates dropping below 3% by the close of 2026.
Cryptocurrency advocates believe the coming monetary loosening will drive Treasury yields significantly lower, spurring greater appetite for risk assets throughout both economic sectors and capital markets. Nevertheless, the underlying mechanics are intricate and may produce results that diverge markedly from current expectations.
Although projected Fed rate reductions might pressure short-term Treasury yields downward, longer-dated securities could maintain elevated levels due to budgetary uncertainties and persistent inflationary pressures.
Treasury Supply Pressures
The federal government plans to expand Treasury bill issuance (short-duration securities) and subsequently longer-term Treasury notes to fund the Trump administration's newly enacted tax cut extensions and defense spending increases. The Congressional Budget Office projects these fiscal measures will contribute more than $2.4 trillion to primary deficits across a decade, while boosting debt levels by approximately $3 trillion, or roughly $5 trillion if these policies become permanent. This expanded debt issuance will likely depress bond valuations and elevate yields, given the inverse relationship between bond prices and yields.
"The U.S. Treasury's eventual move to issue more notes and bonds will pressure longer-term yields higher," analysts at T. Rowe Price, a global investment management firm, said in a recent report.
Fiscal anxieties have already influenced longer-duration Treasury securities, with investors requiring elevated yields for lending to the government over 10-year periods or longer—a phenomenon known as term premium.
The continued yield curve steepening, evident in the expanding differential between 10-year and 2-year yields, along with 30-year and 5-year spreads, primarily reflects the durability of long-term rates and signals mounting fiscal policy concerns.
Kathy Jones, managing director and chief income strategist at the Schwab Center for Financial Research, voiced a similar opinion this month, noting that "investors are demanding a higher yield for long-term Treasuries to compensate for the risk of inflation and/or depreciation of the dollar as a consequence of high debt levels." These worries may prevent substantial declines in long-term bond yields, Jones added.
Persistent Inflation Challenges
Following the Fed's initial rate reduction last September, the American employment market has demonstrated notable deterioration, reinforcing expectations for accelerated Fed easing and declining Treasury yields. However, recent inflation data has trended upward, complicating this narrative.
During September's rate cut, annual inflation registered 2.4%. Last month's reading reached 2.9%, marking the highest level since January's 3% figure. This inflationary resurgence undermines the rationale for aggressive Fed rate cuts and corresponding Treasury yield declines.
Market Expectations Already Reflected?
Yields have faced downward pressure, presumably incorporating market expectations of Federal Reserve rate reductions. The 10-year yield dropped to 4% recently, reaching its lowest point since April 8, per TradingView data. This benchmark yield has fallen more than 60 basis points from its May peak of 4.62%.
According to Padhraic Garvey, CFA, regional head of research, Americas at ING, the decline to 4% likely represents excessive downward movement. "We can see the 10yr Treasury yield targeting still lower as an attack on 4% is successful. But that's likely an overshoot to the downside. Higher inflation prints in the coming months will likely cause long-end yields some issues, requiring a significant adjustment," Garvey said in a note to clients last week.
Rate cuts may already be incorporated into current pricing, with yields potentially rebounding sharply following the September 17 decision, mirroring 2024's market behavior. The dollar index supports this assessment, as noted earlier this week.
2024 Market Precedent
The 10-year yield declined by more than 100 basis points to 3.60% during approximately five months preceding September 2024's rate cut. The central bank implemented additional reductions in November and December. However, the 10-year yield reached its lowest point with the September action before climbing to 4.57% by year-end, ultimately touching 4.80% in January.
ING attributes the post-easing yield increase to economic resilience, persistent inflation, and fiscal uncertainties.
Currently, while economic conditions have deteriorated, inflation and fiscal concerns have intensified as previously outlined, suggesting 2024's pattern may recur.
Bitcoin Market Implications
Although BTC surged from $70,000 to above $100,000 between October and December 2024 despite climbing long-term yields, this rally was predominantly driven by expectations of crypto-friendly regulatory frameworks under President Trump and expanding institutional BTC adoption.
These supportive themes have considerably diminished over the past year. Therefore, the prospect of yield increases in coming months potentially pressuring Bitcoin cannot be overlooked.
Monday, September 8, 2025 News Update
Bitcoin Holds Range as Fed Decision Nears
Bitcoin remains stuck in a tight range near $110,000, as traders wait for next week’s highly anticipated U.S. interest rate decision. The cryptocurrency edged slightly higher on Monday, topping $112,000. Markets shrugged off weaker U.S. economic data. August nonfarm payrolls rose just 22,000, far below the 75,000 forecast and that signals a possible cooling in the economy and boosting expectations for a Federal Reserve rate cut.
With the September 17 Fed meeting approaching, the CME FedWatch Tool shows a 100% probability of a cut. Most expect a 25-basis-point reduction, though there’s a 10% chance the Fed opts for a larger 50-point move.
“The soft U.S. jobs report did create expectations for a more dovish Fed, which is usually supportive for risk assets like Bitcoin,” said Rachael Lucas, crypto analyst at BTC Markets. “But the market had already priced in some easing. At the same time, we’re seeing institutional profit-taking, while ETF flows remain flat.”
Lucas noted that this mix has capped Bitcoin’s upside, leaving the market consolidating in a narrow band. Both Bitcoin and Ethereum ETFs saw weaker flows in early September compared to the record-breaking inflows of July and August, suggesting momentum is fading.
Technical Outlook
Analysts see $110,000 as key support. “As long as Bitcoin holds that level, structure remains constructive,” one analyst said. Resistance sits at $113,400, with further levels at $115,400 and $117,100. A breakout above these zones could signal renewed strength.
Market Catalysts Ahead
Beyond the Fed, traders are watching both on-chain and off-chain signals. On-chain, stablecoin supply is near record highs, offering potential fuel for rallies, while exchange balances of Bitcoin and Ethereum continue to decline, easing selling pressure. Off-chain, regulatory moves—such as SEC and CFTC efforts to harmonize frameworks—along with ETF flow trends, remain major sentiment drivers.
Saylor’s Strategy Keeps Buying
Meanwhile, Michael Saylor’s Strategy—the world’s largest corporate Bitcoin holder—added to its stack last week. The company bought 1,955 BTC between Sept. 2–7 for $217.4 million at an average price of $111,196, according to an SEC filing. The purchase came as Bitcoin briefly topped $113,000 before sliding back to $110,000. Strategy now holds 638,460 BTC, acquired for about $47.2 billion at an average price of $73,880.
The latest buy follows smaller August purchases of 7,714 BTC, after massive acquisitions of 31,466 BTC in July and 17,075 BTC in June. Funding came from proceeds of three at-the-market equity offerings, including the Series A Perpetual Strife Preferred Stock (STRF), Series A Perpetual Strike Preferred Stock (STRK), and Common A stock (MSTR).
Monday, September 1, 2025 News Update
Bitcoin’s trademark volatility has eased significantly this year — and JPMorgan strategists suggest the shift may be tied to companies rapidly stockpiling the asset. The cryptocurrency’s three- and six-month rolling volatility — a measure of how quickly and sharply prices move — has dropped to historically low levels. Remarkably, this trend held even as bitcoin posted new record highs in May, July, and August.
As of Friday afternoon, bitcoin slipped to $108,000, before bouncing above $109,000 on Monday. Year to date, it remains up more than 17%. “Corporate treasuries now hold over 6% of bitcoin’s total supply and act as a form of private sector quantitative easing for crypto markets,” JPMorgan global market strategist Nikolaos Panigirtzoglou wrote in a Thursday client note. “We believe a factor behind the collapse in bitcoin volatility has been the acceleration of bitcoin purchases by corporate treasuries,” Panigirtzoglou added.
A Narrowing Gap
Since its launch 16 years ago, bitcoin has been infamous for price swings far more dramatic than traditional assets like bonds, gold, or stocks. Yet its trading range has been tightening, thanks in part to the introduction of new financial products — such as futures and exchange-traded funds — that have broadened the investor base.
The latest force: public and private companies adding bitcoin to their balance sheets, following a play pioneered by Michael Saylor’s Strategy (formerly MicroStrategy).
Corporate Adoption Gains Pace
Tysons Corner, Va.-based Strategy began buying bitcoin in 2020 and has since become a heavyweight in the space. Saylor himself has emerged as the most vocal corporate evangelist for adoption.
Other companies have followed. From Trump Media & Technology Group to GameStop, Japan’s Metaplanet, and others, corporations have accumulated tens of billions in bitcoin this year, according to Bitcoin Treasuries.
In July alone, public companies accounted for “nearly two-thirds” of total bitcoin purchases among large buyers including exchange-traded products, governments, and corporations, per Bitcoin Treasuries data. That shift could reshape how much bitcoin is available to other types of investors, JPMorgan’s Panigirtzoglou noted.
By curbing volatility, these buyers may also make the asset “more attractive from a valuation point of view,” he said, adding that bitcoin could become a stronger competitor to gold.
Regulatory Tailwinds
Crypto has seen regulatory momentum in Washington as well. Earlier in August, Trump signed an executive order directing agencies to strip away barriers that prevent crypto and other alternative assets from being included in 401(k) and similar retirement plans. Weeks before, he approved a bill allowing U.S. banks to issue their own stablecoins. Big bank executives, including JPMorgan’s Jamie Dimon and Citigroup’s Jane Fraser, have confirmed they are exploring the business.
And in May, FHFA Director William Pulte ordered Fannie Mae and Freddie Mac to count crypto holdings as assets on mortgage applications.
A Model That Spreads
Saylor’s Strategy first showed how issuing debt and equity to build massive crypto reserves could work. Favorable accounting rules and a friendlier Trump administration stance have only accelerated the trend. Strategy’s stock continues to trade at a premium to its bitcoin holdings, further validating the approach.
About 180 other companies have copied the model, though not all with the same results. Capriole Investments notes that roughly a quarter of those firms traded below the value of the bitcoin they held as of August 22. And many corporate treasuries aren’t just buying bitcoin — ether and other tokens are also on the shopping list.
Trump Media even announced last week it will partner with Crypto.com to create Trump Media Group CRO Strategy, a company set to hold Crypto.com’s Cronos token. Since the announcement, Cronos’s market cap has nearly doubled to $9 billion.
A Different Kind of QE
Panigirtzoglou’s comparison of corporate bitcoin accumulation to “quantitative easing” points to the broader impact. Traditionally, QE describes the Federal Reserve’s unconventional policy of buying assets to inject liquidity during crises like 2008 or the COVID-19 pandemic. The practice carries risks, from fueling bubbles to stoking inflation.
In crypto, the surge of corporate buying may play a similar role — softening volatility, reshaping markets, and drawing new comparisons to more established safe-haven assets.
Monday, August 25, 2025 News Update
Bitcoin faced a sharp flash crash over the weekend, briefly plunging below $111,000 after a whale unloaded 24,000 BTC — worth more than $300 million — into thin market liquidity. The sudden move triggered widespread liquidations, erasing gains made after Fed Chair Jerome Powell’s speech on Friday and setting off a wave of forced selling.
According to CoinDesk, the whale funneled the entire balance to Hyperunite, with 12,000 BTC transferred on Sunday alone. The selloff fueled $238 million in bitcoin liquidations and another $216 million in ether, part of more than $550 million wiped out across crypto markets in the past 24 hours. Bitcoin briefly dipped under $111,000 before stabilizing near $112,800 by Monday morning in Asia.
The episode underscored just how fragile leveraged positions remain in the crypto market. When traders crowd into long bets and prices turn against them, exchanges step in to liquidate those positions. A cascade of long wipeouts can clear the decks for a bounce, while short squeezes can spark the next leg higher.
Despite bitcoin’s retreat, ether has shown relative strength, trading at $4,707 — up 9% over the past week. Analysts point to a rotation of institutional exposure from bitcoin to ether, as investors wager that a potential Fed rate cut could give Ethereum an extra boost due to its smaller market capitalization.
“Ethereum's momentum and relatively small market cap compared to Bitcoin would give it more upside in the scenario that the pending Fed rate cut unleashes more money into the money supply," said Jeff Mei, COO at BTSE. "In the event that this happens, both Ethereum and other altcoins could see a major rally."
SignalPlus’s Augustine Fan echoed the sentiment, noting a structural shift in demand: “ETH treasuries have seen a marked rise in public market cap relative to BTC over the past month, with the BTC/ETH ratio rebounding back to technically interesting levels on the latest rally."
That shift reflects more than just macro positioning. Institutional purchases and treasury allocations have provided additional momentum, feeding speculation that Ethereum could soon become Wall Street’s preferred blockchain.
“Ether’s new all-time high is a clear sign of investor demand beyond just bitcoin,” said Samir Kerbage, chief investment officer at Hashdex, in an email to CoinDesk over the weekend.
With ETH now up 45% year-to-date, talk of a $10,000 target — once seen as overly ambitious — is growing louder. Ethereum’s expanding role as the backbone for stablecoins, tokenization, and smart contracts across traditional finance is reinforcing that outlook.
Monday, August 18, 2025 News Update
The cryptocurrency market fell sharply to start the week, with over $500 million in long positions liquidated amid renewed macroeconomic concerns. Bitcoin dropped 2% to $115,255.70 after setting a new record high of $124,496 last week—its fourth all-time peak this year. The token briefly touched $114,706 intraday. Ether lost 4% to $4,283.15, retreating from last week’s near-record $4,800 level.
The sell-off followed hotter-than-expected July wholesale inflation data, raising doubts over a potential Federal Reserve rate cut in September. Profit-taking accelerated the downturn, with 131,455 traders liquidated in the past 24 hours, totaling $552.6 million, according to Coin Metrics. That included $123 million in bitcoin and $178 million in ether long positions.
Treasury Secretary Scott Bessent added to the pressure, clarifying that the U.S. strategic bitcoin reserve—established in March by President Donald Trump—will be limited to coins forfeited to the government, as officials seek “budget-neutral pathways” for further accumulation.
Broader weakness hit the CoinDesk 20 Index, down 3.7%. Crypto-related equities also fell in premarket trading, with Bitmine Immersion down 6%, SharpLink Gaming off 3%, and newly listed exchange Bullish slipping 3%.
Markets now turn to the Fed’s Jackson Hole symposium later this week and Thursday’s jobless claims report for policy signals. Traders had braced for an August pullback, with macro risks overshadowing institutional adoption momentum in what is typically a seasonally weak month.
Still, many view the retreat as a healthy correction. Crypto ETFs provided support, with bitcoin funds logging $547 million in net inflows last week despite outflows on Friday. Ether funds attracted $2.9 billion, their largest weekly intake on record and their 14th straight week of inflows.
On the corporate front, Strategy added 430 bitcoin worth $51.4 million, lifting its holdings to 629,376 BTC valued at $46.15 billion. The purchase came at an average price of $119,666 per coin, reflecting last week’s volatility as bitcoin swung from $124,000 on Wednesday to $115,000 by Sunday. Co-founder Michael Saylor highlighted the turbulence on X, writing: “Volatility is a gift to the faithful.”
The buy followed Strategy’s smaller 155-BTC purchase last week, a notable slowdown from July’s 31,466 BTC accumulation. In comparison, Japan’s Metaplanet acquired 775 BTC for $93 million at an average $120,006. According to treasury tracker NLNico, reposted by Saylor, corporate treasuries worldwide purchased 3,900 BTC in the week through Aug. 17 across 62 announcements.
Monday, August 11, 2025 News Update
Analysts say trading activity in Asia is propelling Bitcoin closer to another all-time high. So far this year, Bitcoin has climbed nearly 30%. Analysts at crypto research group 10x Research told DL News that “Asian trading hours alone contributed more than 25% to that gain,” adding that this upward momentum could keep the market “on a long-term tilt to the upside.” Early Monday morning, the world’s largest cryptocurrency came within just 1% of its July record, reaching close to $123,000 before falling back. For months, market commentators have speculated that Bitcoin could hit as high as $250,000 in 2025. Over the weekend, the rally prompted analysts at the London Crypto Club to declare that the “summer lull for crypto is over.”
What’s Fueling the Surge? While Asian traders have been a major catalyst, other factors have also driven Bitcoin’s recent rally. Demand from US investors has increased sharply, pushing up the Coinbase premium—the difference between Bitcoin prices on Coinbase Pro and other platforms such as Binance. This premium suggests American traders are willing to pay extra for Bitcoin, signaling strong appetite. In their Connecting The Dots newsletter, David Brickell and Chris Mills of the London Crypto Club predicted further gains, citing “a combination of rising global liquidity, weakening fiat currencies, and central banks cutting interest rates.”
The CME FedWatch tool shows that traders now assign an 88% probability to the Federal Reserve lowering interest rates in September. Historically, a lower interest rate environment has supported growth in assets like stocks and cryptocurrencies. On Tuesday, traders will focus on the latest Consumer Price Index (CPI) release, which will provide insight into how US President Donald Trump’s tariff policies are influencing inflation. A CPI reading below expectations would suggest inflation remains contained despite the tariff measures, potentially giving the Fed more room to cut rates in September.
Some analysts believe Bitcoin’s strength will persist even if broader macroeconomic forces apply short-term pressure. Joel Kruger, market strategist at LMAX Group, told DL News that large-scale institutional interest and supportive regulatory changes will help Bitcoin withstand periods when “macro storms” hit traditional markets. Recent data from UK investment firm Farside shows Bitcoin exchange-traded fund inflows turned positive last week, reversing the heavy outflows seen in early August. Back in April, BitMEX co-founder Arthur Hayes remarked that Bitcoin would remain steady even if Trump’s shifting tariff policies rattled markets. Hayes maintains that Bitcoin could still reach $250,000 this year.
In other Bitcoin news, Harvard University’s endowment has taken a significant step into cryptocurrency, disclosing a $116.7 million stake in BlackRock’s iShares Bitcoin Trust (IBIT). This position gives Harvard more exposure to Bitcoin than to tech giants like Nvidia and Alphabet, Google’s parent company.
According to a Friday filing with the US Securities and Exchange Commission, the university purchased 1.9 million IBIT shares during the second quarter. Since their US approval in early 2024, spot Bitcoin exchange-traded funds have drawn more than $54 billion in net inflows, with IBIT emerging as the leader and becoming one of the fastest-growing ETFs in history.
Bloomberg Intelligence senior ETF analyst Eric Balchunas noted that Harvard is now IBIT’s 29th-largest shareholder among roughly 1,300. “Endowments are the hardest institution to hook — they rarely bite on ETFs,” he wrote on X, describing the move as “sizable” for an ETF investment, though small relative to Harvard’s $53.2 billion endowment.
Brown University, another Ivy League school, also reported IBIT holdings in its latest disclosure. Brown’s 212,500 shares—worth more than $13 million—nearly double the position it reported in March.
While public equities make up only a small slice of Harvard’s portfolio, the IBIT investment signals a stronger tilt toward alternative assets. In the same quarter, the endowment revealed a stake exceeding $100 million in the SPDR Gold Trust, while scaling back its holdings in several major technology companies.
Monday, August 4, 2025 News Update
Crypto markets kicked off the week on a cautious note, with bitcoin hovering just above $114,000 and ether regaining footing after a rocky weekend marked by sharp selloffs. The turmoil was largely driven by the biggest spot ETF outflows seen in months. Between Thursday and Friday, bitcoin ETFs experienced nearly $1 billion in outflows, dragging the price down toward $114,000 before a slight rebound. Ether followed suit, suffering $152 million in outflows on Friday alone, which ended a nearly month-long streak of consistent daily inflows and placed pressure on its upward momentum.
Sentiment across global markets soured after U.S. President Donald Trump announced a new wave of tariffs targeting countries in Asia and Europe. Risk assets took a hit, and crypto was no exception. “The dip was driven by concerns over Trump’s tariff stance and the Fed’s signal that it’s not keen to cut rates soon. But opportunistic buyers are already stepping in before U.S. markets open, indicating the fear may be overdone,” said Jeff Mei, COO at BTSE, to the media.
Early Asia trading on Monday showed signs of that opportunism. Bitcoin steadied around $114,500, while ether floated above $3,550 — both staying within short-term support levels. Retail-driven tokens like XRP and dogecoin climbed as much as 5%, leading Monday’s market gains. Cardano’s ADA and Solana’s SOL also posted gains over 3%.
Meanwhile, institutional presence continues to help stabilize the market. “The rising presence of professional desks has brought deeper secondary liquidity,” said Augustine Fan, Head of Insights at SignalPlus to the media. “This would’ve been a far messier unwind in the pre-ETF era. Q4 will be an important quarter with the Fed fully back in play and the tariff-inflation spillover to start showing in the real economy, so we believe it's an opportune time to dial down risk exposure in expectation of a busy September and year-end,” Fan added. Despite the stability, ETF inflows remain muted for now, keeping market sentiment cautious. Bitcoin is still trading below the critical $118,000 breakout zone, while ether must stay above $3,500 to avoid triggering more systematic selling.
In a separate development, Japan-based bitcoin treasury firm Metaplanet continued to bulk up its holdings. The company revealed Monday that it had acquired an additional 463 BTC for $53.7 million, signaling its ongoing commitment to bitcoin accumulation.
Metaplanet’s latest buy came at an average price of $115,895 per bitcoin, bringing its total holdings to 17,595 BTC. Those purchases, according to CEO Simon Gerovich, were made at an average acquisition cost of $101,422, totaling roughly $1.78 billion. The acquisition followed Friday’s filing in which the company detailed plans to raise as much as 555 billion yen (approximately $3.7 billion) via new perpetual preferred shares to fund its bitcoin strategy.
"Our goal is to have multiple tools to raise capital for buying Bitcoin," said Gerovich in a Sunday post on X. "On a Bitcoin standard, the mission is to continuously grow Bitcoin per share. Issuing perpetual preferreds is a highly accretive tool designed to maximize long-term shareholder value."
According to Bitcointreasuries data, Metaplanet now ranks as the seventh-largest bitcoin holder globally, trailing Strategy, MARA, XXI, Bitcoin Standard Treasury Company, Riot, and Trump Media. Still, despite its bullish moves, Metaplanet’s stock dipped 4.7% by midday Monday in Japan, based on Yahoo Finance data, with markets still open at the time.
History
In January 2009, Bitcoin was created by Satoshi Nakamoto. The identity of Nakamoto remains hotly debated to this day, but that person or group changed the world with this invention. Like many major breakthroughs, it took a while for people to grasp why Bitcoin was special. Bitcoin was created in the midst of the banking crisis, and one of its major goals was to give people another option to buy and sell products outside of a heavily regulated and centralized banking system.
The first entities to fully embrace Bitcoin were black market enterprises like Silk Road. For a while, Bitcoin became synonymous with the notorious website, but its use became more and more widespread starting in 2013.
That led to the price of Bitcoin skyrocketing and reaching incredible heights in 2017. On January 1, 2017 a single Bitcoin was worth $998, but that price rose by nearly 20-fold near the end of the year, hitting an all-time high of $19,666 on December 17, 2017. Bitcoin has left those prices in the dust in 2021, as the price of Bitcoin is approaching $50,000.
Stability
One of the major criticisms of Bitcoin is that the currency wildly fluctuates and that has proven to be true in 2021. As Bitcoin has become more accepted and understood, investors are getting a better understanding of what leads to price changes, and that has led to the Bitcoin market looking a lot like the stock market.
Security
There have been fears over how secure Bitcoin is over the years, but transactions are even more secure as they are in the traditional marketplace thanks to blockchain technology.
Whereas we are constantly hearing stories of companies having their databases hacked and identities being stolen, the nature of blockchain presents this from happening with Bitcoin.
For a transaction to occur, the sender must know their private key and digitally sign the transaction, and the signature must be verified by the network using the public key. The number of private keys makes it nearly impossible to hack into another person’s account, but there is one thing to keep in mind. You MUST keep your private key backed up somewhere or else you will lose access to your Bitcoin. Don’t make the mistake of not backing up your private key and risk losing your hard earned money.
How do I buy Bitcoin?
You can buy Bitcoin by using one of the major currency exchanges such as Coinbase or Gemini. These exchanges allow you to use a credit or debit card or bank transfer to buy Bitcoin. You can then send Bitcoin to your sportsbook account and you can withdraw Bitcoin from your sportsbook account to your digital wallet.
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