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KindlyMD Stock Drops 12% After $5 Billion Bitcoin Stock Offering

by admin August 27, 2025

Healthcare services company KindlyMD (NAKA) share price fell sharply on Tuesday, dropping 12% during trading and another 2.7% after-hours to $7.85. The decline follows the company’s announcement of a $5 billion at-the-market (ATM) equity offering to fund its growing Bitcoin holdings.

Following its recent merger with Nakamoto Holdings, KindlyMD adopted a Bitcoin (BTC) treasury strategy and disclosed that it plans to issue and sell up to $5 billion in common stock through the SEC-approved program.

NEWS: KindlyMD Announces $5 Billion At-The-Market Equity Offering Program. Kindly intends to use the proceeds for: pursuit of a Bitcoin Treasury strategy, working capital, funding acquisitions of businesses, assets or technologies, capital expenditures, and/or investing in…
— Nakamoto (@nakamoto) August 26, 2025

The proceeds will support general corporate purposes, including Bitcoin accumulation, acquisitions, working capital, capital expenditures, and investments in strategic projects.

“Following the successful completion of our merger between KindlyMD and Nakamoto just two weeks ago and our initial purchase of 5,744 Bitcoin, this initiative is the natural next phase of our growth plan,” said KindlyMD Chair and CEO David Bailey, who also advises the Trump administration on crypto policy.

The company acquired 5,743 BTC on August 19 for roughly $679 million at an average price of $118,204 per Bitcoin. Bailey emphasized the importance of transparency and governance, stating that KindlyMD aims to become “world-class” in both areas as the program progresses.

The stock sales will be conducted through multiple agents, including TD Securities and Cantor, at prevailing market prices on exchanges like Nasdaq.

Meanwhile, Canadian psychedelic truffles company Red Light Holland updated its Bitcoin approach, acquiring 10,600 shares of the BlackRock iShares Bitcoin Trust ETF (IBIT) and planning advanced algorithmic trading with Arch Public.

Despite Tuesday’s drop though, KindlyMD shares have surged 330% since May and are up 550% this year, reflecting strong investor confidence in the company’s bold Bitcoin strategy.

Also Read: David Bailey’s Nakamoto Joins KindlyMD to Build Bitcoin Treasury

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August 27, 2025 0 comments

Crypto Trends

Here’s What to Expect From Bitcoin in September as Network Activity Slows

by admin August 27, 2025

In brief

On-chain data shows a 13% drop in adjusted transfer volume, signaling weaker demand.
Spot Bitcoin ETFs saw continued outflows, adding to macro-driven selling pressure.
September has averaged negative returns for Bitcoin, compounding cautious sentiment.

Bitcoin’s bounce on Tuesday may offer a brief respite for investors, but experts are warning that a deeper “cooling-off phase” could be in play.

A combination of declining on-chain activity and sustained institutional outflows suggests that the market may be entering a more cautious period after a powerful run to record highs.

On-chain data reveals a significant slowdown in network activity, which aligns with Bitcoin’s recent price pullback, Glassnode cautioned in an official Telegram channel on Tuesday.

The monthly average of change-adjusted transfer volume has declined 13% from $26.7 billion to $23.2 billion.

If this trend continues, and the metric breaks below its yearly average of $21.6 billion, it would “confirm weakening speculative activity and signal a broader contraction in demand,” Glassnode wrote.

Bitcoin is currently trading at $111,300, up 2.52% from Monday’s low of $108,550, according to CoinGecko. It’s still down more than 10% from its August 14 high of $124,128.

Bitcoin’s slowdown coincides with a period of elevated sell-side pressure from long-term holders.

The realized profit from these investors is the second most significant compared to prior cycles, which is a “strong signal that the market is in a late-stage phase,” Glassnode wrote in a separate post on X.

“It looks like we’re entering a cooling-off phase that could last through September,” Georgii Verbitskii, a derivatives trader and founder of DeFi platform TYMIO, told Decrypt.

Spot exchange-traded fund outflows for Bitcoin, along with heightened macroeconomic risk, are exacerbating bullish sentiment, Ecoinometrics, a crypto macro research newsletter, wrote on Tuesday.

“As of Friday, our flows-to-price model put the expected price at $107,000, with a risk of falling below the psychological $100,000 level if outflows persist.”

TYMIO’s Verbitskii shares a similar view that a $100,000 target is “on the table,” despite his long-term bullish outlook.

Combined with Bitcoin’s declining fundamentals, the macroeconomic uncertainty and rate cut expectations have market analysts exercising caution.

September, in particular, has returned an average of -3.77% in the past 12 years, while the third quarter has historically yielded negative returns, CoinGlass data shows.

With potential for further downside, Verbitskii cautioned against opening new long positions at current levels and suggested adopting a “wait and see” approach.

“Long positions only make sense if we reclaim and hold above $118,000.”

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August 27, 2025 0 comments

GameFi Guides

Everything Goes to Zero Against Bitcoin as BTC Rises: Max Keiser

by admin August 27, 2025

Keiser’s important Bitcoin statement
Keiser names major driver of Bitcoin price

Max Keiser, a Bitcoin maxi, former financial journalist and currently the BTC advisor to El Salvador’s president Nayib Bukele, has stressed the power of Bitcoin as an asset versus all other assets on the market in a recent tweet.

Keiser also hinted at an upcoming Bitcoin price surge, providing a significant reason for that. Meanwhile, Bitcoin is currently sitting at $110,758 after the 2.53% rise over the past 24 hours reversed, turning into a 1.42% decline.

Keiser’s important Bitcoin statement

Keiser has once again published an ultra-bullish Bitcoin forecast with an indefinite time frame, saying that everything goes to zero against BTC, adding this time that it is happening as Bitcoin ascends.

Keiser is an early Bitcoin adopter and evangelist who started accumulating BTC when it was trading at approximately $1, which was soon after its mysterious creator, Satoshi Nakamoto, chose to step away to other projects, leaving his brainchild, Bitcoin, in the hands of an eager developer community.

Keiser names major driver of Bitcoin price

In a tweet published earlier, Keiser quoted an X post of @Vivek4real_, who stated that the Bitcoin hashrate was breaking out, soaring above 900 EH/s. “Hash precedes price,” Max Keiser stated, explaining that Bitcoin miners are true risk takers, unlike Bitcoin buyers, and they “offer the best signal.”

Hash precedes price.

Why?

The miners, not the BTC buyers, are the true risk takers and offer the best signal.

Mining has been completely impervious to price. Miners know what’s coming.

Name another commodity where mining/ drilling is entirely price insensitive like… https://t.co/K2k8wgd9Hc

— Max Bitcoin (@maxkeiser) August 26, 2025

“Miners know what’s coming,” Keiser is certain, adding that with no other commodity mining/drilling is entirely price insensitive as with Bitcoin.

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August 27, 2025 0 comments

GameFi Guides

Kindly MD’s $5B Bitcoin Play Comes as DATs Raise Fears for Wider Altcoin Liquidity

by admin August 27, 2025

In brief

Nasdaq-listed Kindly MD filed an automatic shelf registration for up to $5 billion.
The move follows a $679 million Bitcoin purchase through its subsidiary.
Analysts warn Bitcoin-focused treasuries may drain liquidity from altcoins.

Nasdaq-listed healthcare firm Kindly MD filed an automatic shelf registration statement with the SEC on Tuesday, electing to distribute up to $5 billion in stock as it expands its capital reach following a $679 million Bitcoin purchase last week.

“Bitcoin will serve as our primary treasury reserve asset, and we are focused on accumulating a long-term Bitcoin position,” Kindly MD stated in the filing.

The filing establishes Kindly MD as a Well-Known Seasoned Issuer, a designation that allows the company to tap capital markets with more flexibility.

It also authorizes a mix of instruments beyond common stock, with distribution handled by underwriters including Cantor Fitzgerald, TD Securities, and B. Riley Securities in the U.S., as well as Canada’s Canaccord Genuity, among others.

Last week, Kindly MD disclosed a $679 million Bitcoin purchase through its subsidiary, Nakamoto Holdings, marking the first acquisition under its new treasury reserve strategy in a move it said reinforces its “conviction in Bitcoin” as “the ultimate reserve asset” for corporations and institutions.

While the WKSI status “clearly gives a company an advantage in capital raising,” it also imposes pressure “due to the large issuance volumes and high market volatility risks,” Jay Jo, senior analyst at Tiger Research, told Decrypt.

At the expense of altcoins

“Institutional crypto exposure has, without fear, expanded into corporate balance sheets and treasury strategies,” Kelvin Koh, co-founder and CIO at Asia-based venture capital firm Spartan Group, told Decrypt.

This has been the case since “the approval of U.S. Bitcoin ETFs in early 2024,” which had aligned with the Trump administration’s pro-crypto policies that “have eventuated as promised,” Koh said.

Those events have “normalized crypto exposure” and “opened the door for altcoin-focused digital asset treasuries,” he added.

Yet the continued accumulation and expansion of DATs might open broader trade-offs, Koh opined.

“While DATs bring significant liquidity to the assets they target, for now this may be at the expense of the wider altcoin market,” he said.

Koh co-authored a separate research paper on the future trajectory of DATs, where he traced the trend’s first forays.

“DATs were almost exclusively Bitcoin-focused, with their appeal grounded in Bitcoin’s narrative as a scarce, non-sovereign store of value acting as a hedge against fiat currencies,” Koh wrote.

As a model, DATs rely heavily on raising equity to buy crypto, giving them high exposure to volatility that could cut off new capital and force asset sales that risk amplifying market declines, the paper argues.

“When hundreds of firms pursue the same strategy, the market structure becomes fragile,” Koh warned.

Decrypt has approached Kindly MD for comment.

Editor’s note: This story’s headline has been updated to better reflect Koh’s statements.

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August 27, 2025 0 comments

Crypto Trends

Analyst Challenges Four-Year Bitcoin Halving Cycle Theory

by admin August 27, 2025

Bitcoin’s market cycles are not anchored around its halving events as widely believed, according to analyst James Check, who says other factors drive bull and bear cycles.

“In my opinion, Bitcoin has experienced three cycles, and they are not anchored around the halvings,” Check said on Wednesday, referring to the blockchain’s cutting of mining rewards that typically occurs every four years.

He said that market cycles are anchored around the “trends in adoption and market structure,” with the market’s 2017 peak and 2022 bottom being the transition points.

Check highlighted the three previous cycles as an “adoption cycle” from 2011 to 2018, driven by retail early adoption, an “adolescence cycle” from 2018 to 2022, driven by “Wild West boom and bust with leverage,” and the current “maturity cycle” from 2022 onward, driven by “institutional maturity and stability.”

“Things changed after the 2022 bear market, and folks who assume the past will repeat likely miss the signal because they are looking at the historical noise,” he said.

Bitcoin’s price (black) compared to James Check’s take on the cryptocurrency’s market cycles. Source: James Check

Halving cycle theory still on track

Check’s analysis goes against the popular theory that Bitcoin (BTC) market cycles typically span four years and are anchored around its halving events, which induce a supply shock due to the decreased block reward and greater demand.

This is when the bull market peak year comes in the year after the halving event, as it has done in 2013, 2017, 2021, and appears to be on track to repeat the pattern in 2025.

Check also said that Bitcoin is “literally the only other endgame asset alongside gold,” implying that the current cycle may be extended.

End of the four-year cycle?

There have been a number of recent predictions that the traditional four-year cycle is over, and this bull market could extend into next year due to institutional participation.

Related: Is the four-year crypto cycle dead? Believers are growing louder

Earlier this month, Bitwise chief investment officer Matthew Hougan said of the cycle that it is “not officially over until we see positive returns in 2026. But I think we will, so let’s say this: I think the 4-year cycle is over.”

Entrepreneur “TechDev” told his 546,000 followers on X on Tuesday that “The business cycle’s dynamics are all that’s been needed to understand Bitcoin’s,” and illustrated the peaks and troughs from previous cycles.

Macroeconomic factors such as dollar liquidity and ETF inflows may have extended the bullish phase. Source: TechDev

The analysis suggests that shifts from bearish to bullish phases are driven by liquidity dynamics rather than the traditional four-year halving cycle, and the only difference this time is the extended bullish phase.

Current cycle is ending, says Glassnode

Analysts at Glassnode said on Aug. 20 that Bitcoin was still tracking its traditional cycle patterns. On Tuesday, they reiterated that recent profit taking and elevated selling pressure “suggests the market has entered a late phase of the cycle.”

Meanwhile, position trader Bob Loukas had a more pragmatic take on market cycles.

“I hear often, ‘There are no more Bitcoin cycles’. Reality is, we’re always in cycles. We just can’t help ourselves. We pump until it bursts, because we just want more. Then we start again. Only difference is how much shrapnel you avoid and how quickly you reset.”

Magazine: Bitcoin is ‘funny internet money’ during a crisis: Tezos co-founder

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August 27, 2025 0 comments

GameFi Guides

Bitcoin Hashrate Hits New Peak as BTC Price Struggles

by admin August 27, 2025

Bitcoin’s hashrate has now reached a new all-time high of 971 exahashes per second, according to data provided by CoinWarz.

Smoothing out randomness

It is worth noting that the hashrate used to occasionally spike above 1 zettahash per second earlier this month.

However, such brief spikes are not usually treated as actual record peaks, given that the randomness of block production does not have enough time to smooth out.

The all-time hashrate charts make it possible to smooth out randomness. Thus, some believe that true all-time highs are actually recorded on longer timeframes since they do not trick analysts with mere statistical noise.

Hashrate and price

It is typically believed that Bitcoin hashrate follows the price of the leading cryptocurrency, given that more miners tend to plug in machines when coins become more expensive.

Some also assume that hashrate could actually drive price, but there is no concrete correlation.

Nevertheless, the new hashrate peak bodes well for the fundamentals of the leading network, considering that it shows that the network is gaining more strength.

Meanwhile, Bitcoin is currently struggling price-wise, with the leading cryptocurrency recently dipping below the $111,000 level.

US in the lead

When it comes to the geographical distribution of the global hashrate, the US currently remains in the lead. It accounts for as much as 36% of the network’s computational power.

China, despite the mining ban, paradoxically remains among the biggest mining powers with a 14% share of the global hashrate.

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August 27, 2025 0 comments

NFT Gaming

Bitcoin vs Gold: Why Choose? Gold Bars Are Now Tokenized on BTC Blockchain

by admin August 27, 2025

In brief

TRIO and Swarm Markets launched tokenized gold bars on Bitcoin via the Ordinals protocol.
The tokens trade like other Ordinals, but redemption requires KYC through Swarm’s compliance process.
The project follows TRIO’s support for Runestone and Spartacus, which published the Afghan War Logs on-chain.

Gold bars have landed on Bitcoin. A new token project is inscribing the serial numbers of physical bullion stored in a secured vault directly onto the Bitcoin blockchain, letting people purchase and trade the rights to real gold.

TRIO, a Bitcoin-native marketplace created by OrdinalsBot, is behind the tokenized gold offering. The company announced Monday it has teamed with Swarm Markets to launch the Gold on Bitcoin collection, using the NFT-like Ordinals protocol to attach metadata from gold bars stored in a Brinks vault in London.

“Every gold bar in Brinks has a serial number,” OrdinalsBot co-founder Brian Laughlan told Decrypt. “All you really need to do is attach that serial number to a digital asset—in this case, an Ordinal. It’s baked into the metadata. And that’s it: you’ve now got a tokenized version of gold.”

How it works:

You start by minting 1 or more 1oz bars of gold 💎

Trio will inscribe the assets onto the Bitcoin blockchain, then with the help of @SwarmMarkets & @Brinks your gold bar gets stored in a safe 🏦

After this you can trade your Ordinal on our marketplace! pic.twitter.com/lU4UQT6hyy

— Trio (@trio_xyz) August 25, 2025

Each token, Laughlan explained, is tied to the current price of a single ounce of gold. The tokens can be traded like any other Ordinals asset, but redemption of the physical bars requires know-your-customer verification through Swarm. KYC is necessary because physical gold is a regulated asset, and its transfer must comply with anti-money laundering and identity verification laws. After KYC is complete, the gold bars can then be sent to their owner.

“That’s the reality of real-world assets,” he said. “They exist in the real world, so real-world laws apply.”

OrdinalsBot launched TRIO in December. The platform supports trading of Ordinals along with Bitcoin meme coins in the Runes and BRC-20 token standards.

Notable Ordinals collections include Runestone, which is tied to the DOG meme coin on Bitcoin, and Project Spartacus, which published the leaked U.S. military documents known as the Afghan War Logs onto the original blockchain.

The launch comes as tokenized gold emerges as one of the most active corners of the real-world asset market. By turning vaulted bullion into tradable digital tokens, projects aim to merge the reliability of gold with the accessibility of crypto token trading.

Ethereum-based tokens like Tether Gold (XAUT) and Pax Gold (PAXG) already account for billions in on-chain value. Real-world asset protocols—including those offering tokenized gold—hold more than $26 billion in total value, per data from RWA.xyz.

Laughlan said launching the gold tokens on Bitcoin was a deliberate choice, pointing to its longstanding reputation as “digital gold.”

The project is starting small. Just six single-ounce gold bars have been tokenized so far, Laughlan explained, but more can be minted if demand grows. The hope, he said, is to establish a standard for how gold is inscribed via Ordinals so other custodians can adopt the same format.

Laughlan said the appeal of tokenized gold on Bitcoin might be as symbolic as it is practical.

“There’s something poetic about putting real gold on Bitcoin,” Laughlan said.

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August 27, 2025 0 comments

Crypto Trends

Bitcoin And Crypto In Turmoil As Tensions Between Trump and Powell Escalate

by admin August 27, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Bitcoin and cryptocurrency market is facing heightened volatility as U.S. President Donald Trump escalates his battle with the Federal Reserve.

Trump’s unprecedented move to ‘fire’ Fed Governor Lisa Cook, paired with growing friction with Fed Chair Jerome Powell, has rattled investor confidence and triggered a broad sell-off in risk assets, including Bitcoin and Ethereum.

The Trump – Powell Fallout

Markets had initially welcomed Powell’s dovish hints at the Jackson Hole symposium, where he suggested the Fed may be closer to easing its restrictive monetary policy.

However, optimism quickly faded as Trump pressed for more aggressive rate cuts and attempted to remove a sitting Fed governor, an act widely seen as undermining central bank independence.

The fallout was immediate. Bitcoin (BTC), which had surged past $117,000 after Powell’s remarks, dropped below the key $111,000 level and is now trading more than 12% off its mid-August all-time high.

BTC’s price trends to the downside on the daily chart. Source: BTCUSD on Tradingview

Ethereum (ETH) slid over 5% overnight, with other leading cryptocurrencies like Solana (SOL), XRP, and Dogecoin (DOGE) also posting steep losses.

Bitcoin Reacts to Uncertainty

The total crypto market capitalization has fallen 2.48% to $3.79 trillion, while trading volume spiked 67% to $220 billion, signaling frantic repositioning by traders. Nearly $900 million in leveraged positions were liquidated in the past 24 hours, amplifying the downturn.

Bitcoin’s dominance has slipped to 57.5%, with Ethereum’s share rising slightly to 14.4% as ETF flows diverged. U.S. Bitcoin Spot ETFs saw $23 million in net outflows on Friday, led by iShares Bitcoin Trust, while Ethereum Spot ETFs recorded $338 million in inflows, highlighting shifting investor sentiment.

Altcoins were not spared. BNB, Cardano, and TRON all posted overnight declines of 3–4%, while meme favorite Dogecoin slumped nearly 5%. A few tokens bucked the trend, HyperLiquid (HYPE) gained 2.6%, and VeChain (VET) climbed 3.6%, but most of the top 100 coins bled heavily.

What’s Next for Bitcoin and the Fed?

Analysts warn that political interference at the Fed could further destabilize markets. Prediction markets currently give just a 9% chance of Powell being ousted in 2025, but Trump’s actions have raised legal and institutional concerns.

If Trump succeeds in reshaping the Fed to favor easier policy, risk assets like Bitcoin could benefit longer term from looser liquidity. For now, traders are focused on key technical levels. Bitcoin must reclaim the $111K–$112K zone to avoid a deeper slide toward $100K.

Cover image from ChatGPT, BTCUSD chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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August 27, 2025 0 comments

Crypto Trends

Hemi secures $15m to advance Bitcoin programmability ahead of TGE

by admin August 27, 2025

With a fresh $15 million raise, Hemi says it’s building the alarm clock for Bitcoin’s $2.3 trillion in dormant value. The project aims to transform the world’s largest crypto asset from a static store of value into the dynamic foundation for a new DeFi ecosystem.

Summary

Hemi raises $15 million in growth funding ahead of its token generation event, bringing total funding to $30 million.
Round led by YZi Labs, Republic Digital, and HyperChain Capital, with participation from top crypto funds.
The funding aims to accelerate development of Hemi’s Bitcoin programmability layer.

In a press release dated August 26, Hemi announced the close of a $15 million growth round led by YZi Labs, with participation from Republic Digital, HyperChain Capital, Selini Capital, Protein Capital, and Quantstamp.

The raise, which also drew a syndicate of other notable funds including Breyer Capital, Big Brains Holdings, Web3.com, and Crypto.com, brings the protocol’s total funding to $30 million. Hemi said the capital injection is strategically timed to accelerate ecosystem development and scale its infrastructure in the final stretch before its token generation event.

Bridging Bitcoin’s great divide

According to Hemi, Bitcoin’s $2.3 trillion market capitalization remains largely isolated from the innovation happening across the DeFi landscape. While Ethereum and other smart contract platforms have built vibrant financial ecosystems, Bitcoin’s security model has historically resisted such flexibility.

Hemi’s architecture, particularly its Hemi Virtual Machine, attempts to resolve this by embedding a full Bitcoin node within an Ethereum Virtual Machine, creating what developers call a “supernetwork” that maintains Bitcoin’s security inheritance while enabling Ethereum-style programmability.

The technical approach reflects a philosophical stance shared by Hemi’s founding team, which includes Bitcoin core developer Jeff Garzik and Proof-of-Proof consensus inventor Maxwell Sanchez. Their solution avoids the common pitfalls of Bitcoin sidechains or wrapped assets that often compromise on security or decentralization.

“Bitcoin doesn’t need to be reinvented; it just needs the right tools around it. Hemi provides DeFi protocols with a familiar way to build on Bitcoin, without requiring new skills, compromising on security, or sacrificing decentralization. Our partners share our conviction that Bitcoin can support more than just value transfer; it can support an entire ecosystem,” Hemi co-founder Jeff Garzik said.

The protocol’s traction suggests this vision is gaining substantial momentum. Hemi currently reports over $1.2 billion in total value locked, making it the largest programmability layer on Bitcoin by that metric. The network claims more than 100,000 verified users and a community exceeding 400,000 members, supported by integrations with 70 ecosystem partners including established names like Sushi, LayerZero, and MetaMask.

The HEMI token

The latest raise comes ahead of Hemi’s anticipated token generation event, for which the project has recently unveiled its tokenomics structure. The HEMI token will function as the core coordination mechanism for network security, transaction fees, and cross-chain settlement.

With a total supply of 10 billion tokens, the allocation prioritizes community and ecosystem growth at 32%, followed by investors and strategic partners at 28%, team and core contributors at 25%, and the Hemispheres foundation receiving 15%.

The token’s utility extends to incentivizing Bitcoin security inheritance through the Proof-of-Proof mechanism, serving as chain payment for security aggregation, and enabling governance through the veHEMI staking system.

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August 27, 2025 0 comments

Crypto Trends

XRP Jumps 6% to Top Market Gainers as Bitcoin Retakes $111K

by admin August 26, 2025

Altcoins bounced back sharply on Tuesday after a steep sell-off over the prior 48 hours, with traders seizing lower prices as an opportunity to re-enter the market.

XRP led the recovery, gaining 6% over the past 24 hours. Solana (SOL) and dogecoin (DOGE) each climbed about 4.5%, while ethereum (ETH) added 5% over the same period. Open interest across these tokens also ticked higher, signaling renewed speculative activity. XRP once again stood out, with its open interest rising 4.2% in the past day.

The uptick comes as CME Group announced earlier Tuesday that its crypto futures suite surpassed $30 billion in notional open interest for the first time. SOL and XRP futures each crossed the $1 billion mark, with XRP becoming the fastest contract to reach that level—doing so in just over three months. Analysts see this milestone as evidence of market maturity and growing institutional participation in crypto derivatives, not to mention the sort of interest a spot XRP ETF might generate.

“Think people might be underestimating demand for spot XRP ETFs,” wrote ETF expert Nate Geraci.

The broader market also strengthened, with the CoinDesk 20 Index (CD20) up 3.6% on Tuesday. Bitcoin (BTC) lagged behind, gaining only about 1%, but did cross back over the $111,000 mark after dropping below $109,000 at one point hours earlier.

Both bitcoin and ether hit record highs earlier this month, lifted by expectations of monetary easing and increased institutional demand. Yet sentiment may be running too hot, according to blockchain analytics firm Santiment. In a report published Sunday, the firm warned that optimism around a potential Federal Reserve rate cut in September has reached levels that often precede corrections.

“While optimism about a rate cut is fueling the market, social data suggests caution is warranted,” Santiment said, pointing to a spike in online chatter around the Fed decision. The firm cautioned that if expectations of easing fail to materialize, the market could see a “swift correction.”

Traders are now watching Friday’s release of the Personal Consumption Expenditures (PCE) Price Index as a key signal for the Fed’s next move.

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August 26, 2025 0 comments