Crypto Whirlwind: Markets Dip, Regulators Pivot, NFTs Sag as Institutions Double Down (Aug 29–30, 2025)
Crypto Market Turbulence and Trading Highlights Bitcoin and Ether Retreat: Late August saw notable profit-taking in crypto markets. Bitcoin (BTC) tumbled to about $108,400 – its lowest level since early July – after soaring to a record $124,000 on Aug. 13 cryptonews.com. This ~10% pullback from the all-time high extended BTC’s weekly losses to nearly 8% coindesk.com, a comedown partly attributed to the old adage of “buy the rumor, sell the news” around major crypto events. (Indeed, some analysts wryly pointed out that BTC’s drop coincided with the high-profile Bitcoin Asia conference in Hong Kong, mirroring a pattern of price