Ether value pleasure boils over as big targets mix with a countdown to new all-time highs — however ETH/BTC nonetheless has an extended method to go. Powered by WPeMatico

Per week after promoting $8.3 million in ETH, Arthur Hayes purchased again at the next value, telling Crypto Twitter he’ll “by no means take revenue once more.” Powered by WPeMatico

VivoPower shares surged over 32% after asserting a $100 million plan to purchase Ripple Labs shares, increasing its publicity to Ripple fairness and XRP tokens. Powered by WPeMatico

Bitcoin worth may surge in 2025 pushed by world cash provide development, ETF adoption, and retail inflows. Powered by WPeMatico

Trump-linked World Liberty Monetary is weighing a $1.5 billion Nasdaq-listed treasury firm to carry WLFI tokens. Powered by WPeMatico

BlackRock hasn’t filed for a Solana ETF, however ETF analyst James Seyffart says they shouldn’t be allowed to leap in on the final minute after different issuers’ laborious work. Powered by WPeMatico

Bitcoin slipped 0.11% prior to now 24 hours to $116,702, in accordance with CoinDesk Knowledge, however stays up 25% yr so far, second solely to gold’s 29% achieve amongst main asset courses, in accordance with information shared by monetary strategist Charlie Bilello on X. 2025 Efficiency to date As of Aug. 8, bitcoin’s 25% year-to-date return ranked behind solely gold’s 29.3% advance. Different main asset courses have posted extra modest good points, with rising market shares (VWO) up 15.6%, the Nasdaq 100 (QQQ) up 12.7% and U.S. giant caps (SPY) rising 9.4%. In the meantime, U.S. mid caps (MDY) and small caps (IWM) 0.2% have solely gained 0.8%, respectively. This marks the primary time gold and bitcoin have occupied the highest two positions in Bilello’s annual asset class rankings since information started. 2011–2025 Cumulative returns Over the long run, bitcoin has delivered a rare 38,897,420% complete return since 2011 — a determine that dwarfs all different asset courses within the dataset. Gold’s 126% cumulative return over the identical interval places it in the midst of the pack, trailing fairness benchmarks just like the Nasdaq 100 (1101%) and U.S. giant caps (559%), in addition to mid caps (316%), small caps (244%) and rising market shares (57%). Based mostly on Bilello’s figures, bitcoin’s complete return has exceeded gold’s by greater than 308,000 instances over the previous 14 years. 2011–2025 Annualized returns When measured on an annualized foundation, bitcoin’s dominance is equally clear. The flagship cryptocurrency has delivered a 141.7% common annual achieve since 2011, in contrast with 5.7% for gold, 18.6% for the Nasdaq 100, 13.8% for U.S. giant caps and 4.4% to 16.4% for different main fairness and actual property indexes. Gold’s long-term stability has made it a beneficial hedge in sure market cycles, however its tempo of appreciation has been far slower than bitcoin’s exponential climb. Gold vs. bitcoin, in accordance with Peter Brandt Famend dealer Peter Brandt weighed in on Aug. 8, contrasting gold’s deserves as a retailer of worth with bitcoin’s potential to surpass all fiat options. “Some suppose gold is a good retailer of worth — and it’s. However the final retailer of worth will show to be bitcoin,” he stated on X, sharing a long-term chart of the U.S. greenback’s buying energy. His feedback echo the rising narrative that bitcoin’s shortage and decentralization make it uniquely positioned to outperform conventional hedges over time. Technical Evaluation Highlights In accordance with CoinDesk Analysis’s technical evaluation information mannequin, between Aug. 8 at 21:00 UTC and Aug. 9 at 20:00 UTC, bitcoin traded inside a $1,534.42 vary (1.31%) from $116,352.52 to $117,886.44. Value opened close to $116,900 and moved sideways earlier than surging throughout Asian hours, climbing from $116,440 to $117,886 between 05:00 UTC and 10:00 UTC on Aug. 9, with 24-hour buying and selling quantity exceeding 9,000 BTC throughout these intervals. Sturdy shopping for emerged close to $116,420 at 05:00 UTC, whereas promoting stress intensified across the $117,886 excessive. Bitcoin closed the session at $116,517, down 0.32% from the open, with outlined assist at $116,400–$116,500 and resistance at $117,400–$117,900 Within the closing hour of the evaluation interval (Aug. 9, 19:06–20:05 UTC), bitcoin remained below downward stress inside a $195.11 band, sliding from $116,629.40 to $116,519.29 (-0.09%). The biggest final-hour quantity spike occurred at 19:27 UTC, when 296.43 BTC modified arms as value examined $116,547 assist. Restoration makes an attempt have been repeatedly capped close to $116,600–$116,713, in keeping with earlier intraday resistance. Disclaimer: Components of this text have been generated with the help from AI instruments and reviewed by our editorial crew to make sure accuracy and adherence to our standards. For extra data, see CoinDesk’s full AI Policy. Powered by WPeMatico

This can be a technical evaluation submit by CoinDesk analyst and Chartered Market Technician Omkar Godbole. XRP: Not out of the woods but XRP (XRP), the payments-focused cryptocurrency, surged 11% on Thursday, reportedly breaking out of a bull flag sample to counsel renewed upward momentum. Nonetheless, it is not but clear, as costs stay effectively under the essential $3.65 stage, the place a bearish “tweezer high” candlestick sample occurred final month. The tweezer high is a bearish reversal sample, comprising two candles with an identical highs that signify a transparent rejection level, on this case $3.65. It is as if the market tried to climb to a brand new stage twice and was met with a brick wall of promoting stress on the similar spot, an indication that the upward momentum has utterly stalled. The bulls, subsequently, want to beat the numerous provide level at $3.65, a transfer that may invalidate the bearish reversal sample. Nonetheless, this can be simpler mentioned than executed, as on-chain information means that holders are sitting on substantial income and have a robust incentive to promote at present valuations. “The [XRP] Web Unrealized Revenue/Loss (NUPL) stays at elevated ranges not seen for the reason that 2021 peak, reaching comparable ranges to these noticed in 2018. These excessive values point out that the market nonetheless carries vital unrealized income, which traditionally represents zones of potential distribution and worth correction,” analysis agency Alphractal mentioned on x. Resistance: $3.38, $3.65, $4.00. Assist: $2.99, $2.72, $2.65. Bitcoin: BTC awaits breakout Bitcoin’s (BTC) current pullback is at the moment taking the form of a descending channel (white traces) inside its main uptrend (yellow traces). This sample is a traditional “bull breather” that means the market is consolidating its current features. The value’s current bounce from the 50-day Easy Transferring Common (SMA) additional reinforces the energy of this consolidation. For merchants, because of this whereas the short-term development remains to be corrective, the trail of least resistance stays to the upside. A decisive breakout from the descending channel would verify a continuation of the broader uptrend, probably yielding a transfer to report highs above $123,000. Conversely, a transfer under the Could excessive of $111,965 would improve the chance of a deeper sell-off to $100,000. Resistance: $120,000, $122,056, $123,181. Assist: $111,965, $104,562, $100,000. Ether: Main breakout Ether has rallied to over $4,200, reaching ranges final seen 4 years in the past. The cryptocurrency has damaged out of a chronic symmetrical triangle that contained its worth for the reason that all-time excessive in late 2021, which is a significant bullish sign. The decisive breakout, significantly on a chart with this lengthy a time horizon, signifies that the market has formally entered a brand new, highly effective uptrend, opening the door for a retest of report highs above $4,800. Resistance: $4,400, $4,875, $5,000. Assist: $4,000, $3,941, $3,737. Powered by WPeMatico

Pendle’s complete worth locked (TVL) has surged to a record $8.27 billion, whereas its native token PENDLE climbed 45% over the previous week to $5.6 on the again of the protocol’s new yield-trading platform. With bitcoin funding charges averaging about 10% annualized this week and roughly $80 billion in open curiosity, in response to Dune knowledge, greater than $8 billion modifications arms yearly between longs and shorts. Boros packages these yields into tradable on-chain belongings known as Yield Models (YUs), letting merchants go lengthy or brief on the charges themselves. Boros can be utilized for quite a few advance methods, together with hedge floating funding funds into mounted charges, or lock in excessive yields throughout unstable durations. In its first two days, Boros attracted deposits of over 283 WETH (round $1.1 million) and 6.4 WBTC (about $750,000) into its vaults, data reveals. Exercise on Pendle’s Arbitrum deployment has spiked alongside the launch, with lively addresses reaching 1,428, nicely above the month-to-month common, and each patrons and sellers multiplying on decentralized exchanges in response to knowledge from TheTie. Whereas Boros at the moment helps BTC and ETH funding charges, plans are to broaden to different floating yields corresponding to staking rewards and tokenized Treasury payments. Pendle’s efficiency and complete worth locked additionally got here on the again of the Hyperliquid ecosystem. The agency built-in with Hyperliquid late final month. Since then, Kinetiq’s kHYPE, the biggest liquid staking token on Hyperliquid’s HyperEVM, has attracted $221 million in complete worth locked. PENDLE token, over the previous week, has considerably outperformed the broader cryptocurrency market, as measured by the CoinDesk 20 (CD20) index, which rose 13.15% over the interval. Powered by WPeMatico

Arthur Hayes, co-founder of crypto change BitMEX, seems to have reversed course on a significant ether (ETH) commerce simply days after warning of a market downturn. Final week, knowledge from Arkham Intelligence confirmed that Hayes offered 2,373 ETH price round $8.32 million, when the second-largest cryptocurrency was buying and selling close to $3,500 and moved into stablecoins. This weekend, nonetheless, he appears to have a change of coronary heart. Hours in the past, knowledge first noticed by Lookonchain confirmed an deal with linked to Hayes moved out of $10.5 million in USDC to purchase again ether, with the worth of the cryptocurrency now hovering around $4,200. The transfer comes after Hayes liquidated over $13 million in crypto holdings final week, together with ethena (ENA) and meme token pepe (PEPE). On the time, he cited U.S. tariffs and weaker-than-expected jobs knowledge as headwinds for crypto, predicting bitcoin may check $100,000 and ether may revisit $3,000. But Hayes’ fast buyback suggests he might even see renewed upside in ether. Hayes seemingly confirmed the acquisition of ETH in a publish on X, saying he “had to purchase all of it again” whereas sharing an ether value chart. Powered by WPeMatico