Bitcoin surged about 25% in August, rising from $64,000 to $80,000, marking its best August since 2021. This rally coincided with record retail deposit inflows on the Gate.io exchange, peaking at $11.33 million in a single hour on August 29. The inflows reflect a mix of profit-taking, capital rotation, and trading preparation rather than just sell pressure. The strong performance was driven by US spot Bitcoin ETF inflows and short liquidations, while Gate.io solidified its position as a top exchange with strong asset reserves.
Despite a traditional market selloff triggered by the Fed's hawkish stance, crypto whales are rotating capital from Bitcoin into altcoins like XRP and Solana, with record inflows into their ETFs reaching $110 million and $154 million respectively. Bi...
Arbitrum's ARB token surged 26% in one day, trading near $0.1101, while Bitcoin and Ethereum prices fell. The rally was driven by record fees of $2.13 million on Robinhood Chain, which uses Arbitrum Orbit technology and shares revenue with the Arbitr...
TD Cowen analyst Lance Vitanza revised Bitcoin's year-end 2026 price target to $97,500, implying a 25% upside from recent levels around $78,000. This is a significant downgrade from previous forecasts that expected Bitcoin to reach over $140,000 by y...
Cryptocurrency prices exhibit varied changes, with Bitcoin trading slightly down at around $77,943 and Ethereum stable near $2,453. Some altcoins like ARB surged over 30%, and CRV rose nearly 19%, indicating selective investor interest. Stablecoins r...
Bitcoin price retreated from around $81,300 to just below $78,000 after a strong 25% rally in August, showing signs of consolidation with weak directional momentum indicated by a low ADX reading. Resistance near $81,000–$82,000 and support around $75...
