Bitcoin continued its strong rally on Aug. 7, 2025, pushing to a high of $116,848 amid strong trading volumes and improving sentiment. With a market capitalization of $2.32 trillion and 24-hour trading volume at $35.09 billion, bullish momentum appears to be building across multiple timeframes. Bitcoin On the daily chart, bitcoin has begun to show
While optimism remains high for Bitcoin to break new peaks, a new analysis suggests the top may already be in, and the journey to $1 million could be delayed. This outlook comes from a long-term Elliott Wave analysis by More Crypto Online. While he acknowledges that Bitcoin is on track to reach $1 million, the
Bloomberg’s ETF expert Eric Balchunas has commented on the widely discussed development as U.S. president Trump intends to sign an executive order that allows private equity, real estate and cryptocurrency to be held in private retirement accounts. While this seems like a major new milestone for Bitcoin adoption, Balchunas does not believe this opportunity will
In an unexpected development, Coinbase’s Wrapped Bitcoin (WBTC) has seen a staggering 6,887% surge in large transaction volume, sparking attention in the crypto community. On-chain data shows that whale activity involving Coinbase Wrapped Bitcoin has skyrocketed in the last 24 hours, indicating increased movement or interest in the asset. According to IntoTheBlock data, large transaction
A spike in upside liquidity suggests that Bitcoin (BTC) may be positioning for another short squeeze. Trading above $116,506 at the time of writing, Bitcoin faces nearly $18 billion in leveraged short positions, with the heatmap showing a liquidation zone near $120,000, according to CoinGlass data gathered on August 7. The chart below pinpoints the
During a recent appearance on CNBC’s “Squawk Box,” Galaxy CEO Mike Novogratz stated that the Bitcoin price will keep going up as long as government overspending remains a thing. “I think you’re going to continue to see Bitcoin appreciate as long as we have governments that can’t spend less than they take in revenue. And
Exchange-traded fund (ETF) provider ProShares has launched a new product that aims to double the daily performance of Circle’s (CRCL) stock, giving traders a way to make leveraged bets on one of the most prominent companies in crypto finance. The ProShares Ultra CRCL ETF (CRCA) began trading Thursday, just weeks after Circle went public on
Dubai, UAE — A new chapter in real-world asset (RWA) adoption is unfolding. Mavryk Network has officially integrated with Fireblocks to supercharge the tokenization and trading of over $10 billion in premium real estate on MultiBank.io—unlocking a secure, compliant gateway for institutional investors to access tokenized assets at scale. — The integration sets the stage
This is a segment from the Empire newsletter. To read full editions, subscribe. Scenius Capital is making some moves. Ben Jacobs, co-founder and managing partner, told Blockworks exclusively that the firm just closed a “slightly oversubscribed” $20 million fundraise for a fund of emerging crypto VC funds. “We think we’ve carved out a unique niche