Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Bitcoin, Ether ETFs record heavy outflows as traders await Fed signals

  • Data from SoSoValue showed spot Bitcoin ETFs recorded daily net outflows of $523 million on Tuesday.
  • Spot Ether ETFs experienced $422.3 million in total net outflows, according to SoSoValue.
  • Investors are now waiting for additional cues, including the release of minutes from the FOMC’s July meeting later on Wednesday.

US spot Bitcoin and Ether exchange-traded funds (ETFs) saw significant net outflows on Tuesday, with institutional investors trimming exposure ahead of key macroeconomic events later this week.

Large outflows in Bitcoin and Ether ETFs

Data from SoSoValue showed spot bitcoin ETFs recorded daily net outflows of $523 million on Tuesday, excluding numbers from Invesco’s BTCO, which were not published.

Fidelity’s FBTC accounted for the largest share, with $246.9 million in negative flows.

Grayscale’s GBTC saw $115.53 million in outflows, while products from Bitwise and Ark & 21Shares also recorded sizable redemptions.

BlackRock’s IBIT reported no flows for the day.

Spot Ether ETFs experienced $422.3 million in total net outflows, according to SoSoValue.

Fidelity’s FETH led with $156.32 million in withdrawals, followed by Grayscale’s ETHE at $122 million.

The Grayscale Mini Ethereum Trust also saw $88.5 million in outflows.

Tuesday’s figure marked the second-largest daily net outflows from spot ether ETFs since their debut.

Crypto market under pressure ahead of Fed signal

Market participants had earlier expected the US Federal Reserve to lower interest rates in September.

However, last week’s producer price index, which came in hotter than anticipated, reduced confidence in that outlook.

Investors are now waiting for additional cues, including the release of minutes from the Federal Open Market Committee’s July meeting later on Wednesday, and a speech by Fed Chair Jerome Powell at the Jackson Hole symposium on Friday.

Bitcoin, Ethereum, and Ripple extended their declines this week, each closing below important technical support levels.

Bitcoin fell beneath its ascending trendline and the 50-day exponential moving average (EMA), closing at $116,300 earlier in the week before slipping further on Tuesday.

It was trading at around $113,400 on Wednesday, showing a slight recovery.

Analysts are watching $111,980 as the next major support level if selling pressure continues.

Ethereum, which hit a yearly high of $4,788 last Thursday, retreated nearly 14% in the following five days.

It was trading at approximately $4,132 on Wednesday. If the resistance at $4,232 holds, further downside could push the price toward $3,946.

XRP also weakened, closing below its 50-day EMA at $2.93.

The move suggested further downside risks alongside bitcoin and ether, adding to the cautious outlook for digital assets this week.

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Crypto update: Bitcoin slips as analysts warn of ‘fragile’ market structure

  • Bitcoin and Ether prices are falling despite positive industry news.
  • A key disconnect exists between weak price action and strong fundamentals.
  • Glassnode warns of market fragility and stretched leverage in the short term.

A profound and unsettling disconnect is cleaving the cryptocurrency market in two as the trading day begins in Asia.

While a torrent of structurally bullish headlines points to a maturing and increasingly powerful industry, the price action on screen tells a story of weakness, fear, and retreat.

This growing chasm between the long-term promise and the short-term pain has left investors caught in a tense tug-of-war.

The immediate picture is painted in red. Bitcoin is down 3% in the past 24 hours, struggling to hold the line at $113,000.

Ether is suffering even more, having shed 5.6% to land at $4,100, extending a week of bruising losses across the major digital assets. This persistent pullback is happening in the face of news that would, in any other environment, be sending prices soaring.

The view from the charts: a structure of sand?

For one camp of market observers, the current weakness is a simple function of a fragile and overextended market structure.

In a recent report, the analytics firm Glassnode frames the decline as a textbook case of exhaustion: spot momentum is fading, leverage is dangerously stretched, and the pressure from profit-taking is building to a critical point.

They warn that even the massive $900 million in inflows into U.S.-listed spot ETFs last week is not enough to sustain the rally on its own.

Without a renewed wave of conviction buying in the spot markets, Glassnode argues, the market’s positioning remains acutely “vulnerable to deeper deleveraging.”

A foundation of steel

This pessimistic view, however, is far from universal. Another camp argues that fixating on the short-term price action is a classic case of missing the forest for the trees.

The Singapore-based market maker Enflux, in a note shared with CoinDesk, contends that the industry is maturing at a pace that the charts are simply failing to capture.

They see the weak price action as a temporary “disconnect” and urge traders to focus on the truly significant headlines: Google becoming the largest shareholder in miner TeraWulf, Wyoming launching a state-backed stablecoin, and Tether hiring a former White House crypto policy official. 

These are not fleeting signals, Enflux argues; they are proof that serious capital and top-tier talent are aligning around a future that is institutional, regulated, and built to last.

The divergence in tone is telling. One side sees a house of cards, the other sees the scaffolding of a skyscraper being erected.

The shadow of the Fed

This internal conflict is being amplified by a powerful external force: the Federal Reserve.

The entire market is holding its breath ahead of the Fed’s FOMC minutes and, more importantly, Chairman Jerome Powell’s pivotal speech at the Jackson Hole symposium later this week.

With economists from institutions like Bank of America warning that Powell may argue for holding rates steady amid sticky inflation, the easy-money hopes that have buoyed risk assets are beginning to fade.

This macro uncertainty is forcing a reckoning in the crypto market, where the short-term fragility is clashing head-on with the long-term fundamental strength. The question now is which narrative will break first.

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Polygon price forecast: POL surges 6% as TVL reaches 2025 high

  • Polygon token (POL) soared as most altcoins dipped on Monday and early Tuesday.
  • While POL has given up some of the gains to $0.26, bulls appear to be in control.
  • Gains for the altcoin come as its network’s total value locked (TVL) jumped to a year-to-date high.

Polygon’s native token, POL (ex- MATIC) (POL), is one of the gainers in the past 24 hours as cryptocurrencies look to bounce off the latest dump.

Altcoins such as Chainlink and XRP are eyeing fresh gains.

While POL price has slipped from highs of $0.27, it’s currently holding above $0.25 as a potential rebound coincides with a spike in the network’s total value locked (TVL).

Polygon price today

The POL token’s price is up 3% in the past 24 hours at the time of writing, and nearly 12% in the past week.

However, intraday gains reached 6% as POL rose to $0.27, with this coming amid growth in Polygon’s ecosystem, fueled by decentralised finance activity and strategic integrations.

As the price of POL rose, Polygon’s TVL, which has jumped amid bullish momentum, topped a 43% increase year-to-date.

The TVL spiking not only reflects the price gain, but the growing adoption, user trust and capital flows.

Per Token Relations, Polygon saw its total value locked metric fall to $788 million in April.

However, the metric has since witnessed a steady climb to break above $1.23 billion as of August, highlighting the blockchain network’s appeal and attraction as a DeFi player.

Stablecoin growth

Additionally, Polygon has seen a notable spike in stablecoin use.

The recent integration of Agora’s stablecoin, AUSD, on Polygon by Miomi Game is a key development.

Miomi is a web3 esports platform that boasts over 950,000 users.

Polygon also surged to a record $2.56 billion in stablecoin payments in July, with peer-to-peer transfers rising as USDC active addresses jumped to 3.16 million.

Meanwhile, USDT supply on Polygon rose to a new high of $1.29 billion during the month.

Polygon’s surge in dApps, combined with stablecoin adoption and regulatory moves, spotlights the network’s utility.

“Why are institutions building on Polygon? Trusted infrastructure, designed for greater efficiency and ready to scale for institutional demand,” Polygon Labs recently posted on X.

Polygon price prediction

Looking at Polygon’s price charts, the overall outlook is bullish.

The network’s strategic initiatives and cross-chain interactions, which are contributing to organic growth, are evidence that bulls can establish the upper hand.

Polygon’s price surge and TVL spike allude to this. Metrics such as active addresses and transactions are key to buyers breaching the supply wall around $26 and $30.

On the flip side, bears can target the psychological support level at $20.

The post Polygon price forecast: POL surges 6% as TVL reaches 2025 high appeared first on CoinJournal.

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Why is the price of WAVES token rising?

  • Waves launches AI tools and secures $10M funding for Units Network.
  • Price breaks $1.30 resistance with bullish RSI and MACD signals.
  • Community campaign boosts visibility as altcoin flows support gains.

WAVES is climbing again, and traders are asking why.

Over the past 24 hours, the token has risen by 4.86%, extending its 25% weekly rally.

At press time, WAVES traded near $1.40 after moving between $1.32 and $1.54 in the last day.

This surge reflects a mix of new product launches, technical breakouts, changing market conditions, and stronger community engagement.

New AI tools by Waves lit a spark

WAVES gained traction after the introduction of new artificial intelligence (AI) products designed to support decentralised finance.

In July 2025, the Waves team launched an AI Launchpad and a Liquidity Manager aimed at automating DeFi strategies and improving liquidity efficiency.

These additions gave developers easier access to infrastructure for building and optimising protocols on Waves.

Investor sentiment strengthened further when Units Network, Waves’ EVM-compatible layer-2, secured $10 million in funding from Nimbus Capital.

This institutional backing added credibility to the roadmap and attracted speculative capital.

Traders viewed AI-driven upgrades as solutions to real challenges in DeFi, especially in liquidity optimisation, and positioned accordingly.

The market now awaits adoption figures. Metrics from Q3 2025 on Units Network and AI tool usage will determine whether the bullish momentum can convert into lasting demand for the WAVES token.

WAVES price breakout clears a key barrier

On August 18, WAVES broke through $1.30, a zone that aligned with both the 200-day moving average and a major Fibonacci resistance.

That level now acts as psychological support.

Momentum indicators have confirmed the breakout.

The 14-day RSI printed 68.95, showing strong trend conditions though edging toward overbought territory.

At the same time, MACD recorded a bullish crossover with a rising histogram, confirming that upward momentum had accelerated.

$1.56, the 127.2% Fibonacci extension, is now viewed as the next upside target if price holds above $1.30.

The altcoin shift and community push

Broader market flows also work in Waves’ favour.

Although Bitcoin dominance remains elevated at 58.92%, the Altcoin Season Index has risen 26.47% in one week, signalling capital rotation into smaller-cap projects.

That rotation has given altcoins, like WAVES, a performance boost.

Still, derivatives suggested caution. WAVES Open interest has dropped 4.12% over 24 hours, showing that traders have reduced leverage exposure.

This decline indicates that the rally is being led by spot demand rather than aggressive futures positions.

For a token with a $139 million market cap and an uncapped supply model, shifts in demand can move the price sharply.

Long-term sustainability will depend on whether new tools drive real utility to offset the inflationary design.

At the same time, Waves is currently engaged in an active community campaign.

The project has announced the next “Waves Up in Space” mission, running from August 19 to September 5.

Participants of the “Waves Up in Space” mission are invited to post Waves-related content on Twitter and submit entries through Zealy for rewards.

Community challenges like this often amplify visibility, energise the base, and bring new traders into the ecosystem.

WAVES price outlook

The immediate focus is whether WAVES can hold above the $1.30 support zone with rising volume.

A strong defence of this level could open the way toward $1.56, while a breakdown risks stalling momentum and sending the token back into consolidation.

Beyond technical levels, traders should closely track adoption figures from Units Network, activity on the AI Launchpad, and usage of the Liquidity Manager.

Broader sentiment tied to Bitcoin dominance and altcoin flows will also play a decisive role.

For now, WAVES is rising because product upgrades, strong technical signals, market rotation, and a fresh marketing push all converged at once.

If adoption and demand follow through, this rally could mark more than just a short-lived bounce.

The post Why is the price of WAVES token rising? appeared first on CoinJournal.

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Bio Protocol hits 6-month high as harmonic pattern signals further upside

  • Bio Protocol funds $80K brain health trial, earning CLAW royalty tokens.
  • Staked BIO tokens rise to 125M, tightening supply and boosting demand.
  • Harmonic chart pattern signals a possible BIO price rally toward $0.1787.

The Bio Protocol (BIO) token has regained strong momentum after a sharp pullback earlier this month, climbing to a six-month high of $0.1514 before settling near $0.138.

The recovery follows a string of bullish catalysts, ranging from real-world biotech partnerships to a surge in staking activity, while traders are now watching technical signals that hint at further upside.

BIO price recovery sparks fresh momentum

After dropping to $0.0962 during the recent correction, BIO has staged an impressive rebound of more than 50% in a matter of days.

The strong recovery comes at a time when the broader crypto market has been under selling pressure, yet Bio Protocol has managed to move against the trend.

At press time, the token was trading nearly 100% higher on the month, underscoring its growing resilience.

Trading activity has also intensified. Daily volumes have spiked by more than 700% last week, crossing $440 million as new investors piled in.

This sharp increase in liquidity has strengthened confidence that BIO’s market depth is improving, making it more attractive for both retail and institutional traders.

Clinical trial funding lifts sentiment

One of the strongest drivers of BIO’s price rally has been the announcement of its first major biotech initiative.

Through its partner Cerebrum DAO, the Bio Protocol community approved $80,000 in funding for a Phase 2 human clinical trial of Percepta, a supplement targeting memory loss and neurodegeneration.

The deal not only gives Bio Protocol direct exposure to real-world biotech outcomes but also provides it with CLAW tokens.

These tokens are tied to royalties from Percepta sales, creating a potential revenue-sharing model that sets BIO apart from other speculative altcoins.

Investors see this as a sign that the project is delivering on its promise to link decentralised finance with biotech innovation.

BIO token staking reduces supply pressure

Another factor supporting BIO’s price is the steady growth in token staking.

The amount of staked BIO tokens has climbed to 125 million, representing about 3.5% of the circulating supply.

This is a significant jump from 25 million staked tokens earlier in August.

By staking, holders earn BioXP, which provides access to new ecosystem assets such as CLAW. More importantly, staking reduces the liquid supply on exchanges.

As a result, when demand rises, the price impact is magnified. Traders are already drawing comparisons to earlier DeFi tokens where similar dynamics sparked explosive rallies.

Technical setup points to higher targets

From a technical perspective, BIO has cleared several key resistance levels. It moved above the 7-day simple moving average at $0.116 and broke through the 23.6% Fibonacci retracement at $0.128.

The next resistance sits near $0.145, with momentum indicators suggesting strong buying pressure despite a relative strength index that hovers near overbought territory.

Adding to this outlook, analysts have identified a harmonic ABCD pattern unfolding on the 4-hour chart.

Bio Protocol price analysis

The harmonic ABCD pattern began with a rally from $0.0559 to $0.0956 before retracing and launching into a bullish CD-leg.

The extension of this structure projects an upside target near $0.1800, which traders are closely monitoring as the next profit-taking zone.

Bio Protocol price outlook remains cautiously bullish

While the harmonic setup points to further upside, traders remain alert to the possibility of consolidation.

A failure to hold above the 50-period moving average, currently near $0.1159, could open the door to short-term corrections.

Still, the combination of real-world utility, staking-driven scarcity, and a favourable technical structure has left sentiment firmly bullish.

Bio Protocol’s six-month high marks an important milestone for a token launched less than a year ago.

But whether it can sustain this rally will depend on both the outcome of the Percepta trial and the broader adoption of decentralised science models.

The post Bio Protocol hits 6-month high as harmonic pattern signals further upside appeared first on CoinJournal.