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…
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Major Developments in DeFi, NFT & Gaming DeFi momentum builds: The decentralized finance sector saw moderate growth during August’s last week, buoyed by climbing crypto prices. Total value locked in DeFi protocols rose about 3.3% to roughly $149.2 billion ts2.tech. Liquid staking leader Lido Finance led the pack with over $38.1B in assets staked ts2.tech,…
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Galaxy Digital completed the off-market sale of 80,000 BTC for about $9 billion for a Satoshi-era whale, prompting Bitcoin’s dip under $115,000 before rebounding above $117,000. Ethereum hovered near $3,704 after a July surge of nearly 50%, with US spot ETH ETFs attracting $4.6 billion of inflows in the past two weeks and BlackRock’s ETH…
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Bitcoin briefly topped $120,000, then slipped to around $117,500, triggering over $500 million in liquidations and wiping out more than 176,000 traders. Ether (ETH) nearly reached $3,860 before retracing to about $3,745, and ETH is up roughly 67% over the past month. BitMine Immersion holds 300,657 ETH while SharpLink Gaming holds 360,807 ETH, making SharpLink…
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