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price

Sony Is Raising The Price Of Every PlayStation 5 Model Tomorrow, August 21

by admin August 20, 2025

Rising video game and console prices have frustrated consumers this year, and today, Sony is adding its flagship console to the list of products getting price hikes. In the United States, the PS5, PS5 Digital Edition, and PS5 Pro are each increasing in price by $50.

According to a blog post from Sony Interactive Entertainment vice president of global marketing, Isabelle Tomatis, the change is due to “a challenging economic environment.” This brings the new prices for each device to the following:

PlayStation 5 – $549.99
PlayStation 5 Digital Edition – $499.99
PlayStation 5 Pro – $749.99

As of today, prices remain unchanged in other countries, but many of them faced price hikes earlier this year. This news comes a few months after Sony said it was considering raising its prices in the US, but it might not affect consoles. That was, obviously, not the case. Other instances of companies increasing prices lately include Nintendo increasing Switch 2 accessory prices, and Xbox raising its console and game prices back in May. Across the board, it’s a rough time to be paying for new games and hardware.

Meanwhile, Xbox announced its new handheld’s release date today, but won’t reveal its price quite yet, citing “macro-economic conditions.”

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August 20, 2025 0 comments

NFT Gaming

Rare Death Cross Threatens to Send Bitcoin Price Straight to $100,000

by admin August 20, 2025

Bitcoin just lined up one of the ugliest signals you can get on a price chart — a death cross. The 23-day moving average (green) is bending down into the 50-day (blue), and the two are about to collide.

If that cross confirms, it usually means buyers lost the wheel, and the price gets dragged lower until it hits the next major anchor.

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Right now, that anchor is the 200-day line at $100,483.

Source: TradingView

BTC is trading around $114,106 after an intraday swing under $113,000, but that bounce does not really change the setup.

Just two weeks ago, Bitcoin was pressing $124,000, only to collapse through $118,000 support and leave $119,991 as a brick wall overhead. Since then, every rally attempt has been weaker than the last, while the moving average curves turned into a brutal trap.

Main risk

The danger here is not just another dip; it is the market gravitating toward the 200-day, the one line that always pulls the price back when shorter averages roll over. A move down to $100,000 would not be some freak event but simply the math of the chart doing its job.

That level also wipes out almost the entire summer run, putting the whole bull narrative under heavy scrutiny.

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Bitcoin has a habit of making the cross look scary only to turn back at the last minute. If the $112,000-$114,000 pocket holds in the coming days, the pattern might be denied, and the chart could reverse before the damage is done.

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August 20, 2025 0 comments

Game Updates

Sony Raising Price On PS5 Consoles In America Tomorrow

by admin August 20, 2025

Sony has announced that it is raising prices on all versions of the PlayStation 5 in America. The increased prices go into effect on August 21, giving folks little time to plan ahead of the price hike.

All new PS5 consoles will now cost $50 more in the United States. Here are the new prices:

PlayStation 5 – $549.99
PlayStation 5 Digital Edition – $499.99
PlayStation 5 Pro – $749.99

“Similar to many global businesses, we continue to navigate a challenging economic environment,” said Sony in a very short blog post announcing the news. “As a result, we’ve made the difficult decision to increase the recommended retail price for PlayStation 5 consoles in the U.S. starting on August 21.”

This is a developing story…

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August 20, 2025 0 comments

Crypto Trends

Ethereum Whales Panic-Sell as $ETH Price Drops

by admin August 20, 2025

What began as a shakeout of weak hands has quickly turned into a rush for the exit, with Ethereum (ETH) now caught under heavy selling pressure.

Today alone, Ethereum has dropped 5%, slipping from an intraday high of $4,379 during Asian trading hours, while trading activity fell by 11%. Because of this, whales have reportedly dropped out of their positions due to the drop, according to CoinMarketCap.

According to Lookonchain, large holders moved $148 million worth of ETH to exchanges in just three hours. These transfers created more selling pressure and pulled prices down further.

At the same time, data from Coinglass showed that investors in traditional markets are also pulling out. On Monday, Ethereum ETFs saw $196.6 million in net outflows. This was the second-largest daily loss ever recorded for ETH ETFs.

Meanwhile, the selling did not just start. Last Friday, Ethereum ETFs had already recorded $59 million in outflows, bringing the two-day total to $256 million. This shift from accumulation in the market is often a warning sign of weak conviction.

ETH Builds News key Support Level

Right now, Ethereum is trading in a descending channel and heading toward an important support zone at $4,150. With most of the daily candles red in the last week, ETH is testing supports.

With dropping over 17% in this small time frame, market participants are filled with fear, however even in this bearish sentiment, firms like SharpLink and Bitmine counties to buy more on more ETH.

The Relative Strength Index (RSI) is now near 35, and this suggests that sellers are running out of stream. At the same time, the MACD indicator shows weak selling pressure after a recent “death cross.”

The $4,150 level is now a delicate zone. If the market respects it, price could bounce back to $4,787, which is a possible 17% gain from current level. But for now, there’s no reason for recovery.

Also Read: Ethereum Community Buzzed with Trustless Agents (ERC-8004) Discussion

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August 20, 2025 0 comments

Crypto Trends

Bitcoin (BTC): Goodbye to $120,000, Dogecoin (DOGE) Can Avoid Breakdown, Shiba Inu (SHIB) Price Shock on Edge

by admin August 20, 2025

Dogecoin can avoid it
Shiba Inu: End of symmetrical triangle

Technical indicators now scream the beginning of a wider downtrend, and Bitcoin’s surge toward $120,000 has stopped. Following several tests of the $120,000 resistance, and months of strong momentum, the market has turned bearish, endangering important support levels.

The 50-day EMA had been a reliable support throughout the summer, so its loss is the most concerning thing for the market right now. The inability to maintain this level indicates that the short-term bullish momentum has run its course. Bitcoin is currently trading below this moving average, indicating a definite downward trend bias.

Now focus shifts to the 100-day EMA at $110,500. This level has historically served as a dependable Bitcoin bounce zone during consolidations. However, there is little assurance that the 100 EMA will hold this time around, given the quick decline in momentum.

BTC/USDT Chart by TradingView

The 200-day EMA, which is the next significant structural support, is located around $103,000. A clear break below it would most likely allow for a deeper retracement.

Momentum indicators support the pessimistic assessment. A shift toward seller dominance, and a loss of bullish strength, are what RSI is trying to tell us with a decline below 50. The likelihood of persistent downward pressure is increased if the RSI continues to decline into bearish territory in the absence of a dramatic reversal.

The bearish argument is supported by the trading volume. It appears that bulls are not intervening forcefully to defend important price levels because trading activity has been low despite the pullback. This lack of conviction makes the downtrend narrative even stronger.

Dogecoin can avoid it

After recent downward pressure, Dogecoin is struggling to hold onto important technical levels, putting it at risk of entering the bear market, but there is a chance. There are indications that DOGE might try to recover from its current zone and avoid a more severe breakdown, even though bearish sentiment is beginning to seep into the market.

The fact that the 50-day EMA is still above the 100-day and 200-day EMAs is the key technical indicator in favor of this outlook. This alignment demonstrates that, in spite of the recent price weakness, DOGE is still holding a medium-term bullish structure. The price is also holding onto the 50-day EMA support, which has served as a buffer against more severe drops. There is a good chance DOGE will recover if it can hold this level.

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Declining volume on the downside moves is another element that favors DOGE. When sell-off volume is declining, it usually means that the bearish momentum is not being aggressively maintained. According to this, sellers might be losing faith, and a lack of resolute action could give DOGE the time it needs to stabilize and bounce back.

Still, there are a lot of risks. A rapid decline below the 50 EMA would expose DOGE to the 100 EMA support at $0.21, and a subsequent breakdown might put the 200 EMA at $0.20 to the test. If those levels were broken, the market would enter a pronounced bearish phase, greatly diminishing the likelihood of a recovery.

Positively maintaining current support might allow DOGE to retest the resistance zone between $0.24 and $0.26, which has proven difficult in recent months. The first clear indication of a fresh bullish push would be breaking through that area.

Shiba Inu: End of symmetrical triangle

Shiba Inu’s position at the bottom of a symmetrical triangle pattern that has been compressing over the last few months puts it in a very risky trading position. The peak of the spike in volatility we are witnessing right now is approaching. The breakout’s direction will probably determine SHIB’s next significant move, so the price action at this point is crucial.

SHIB is having trouble close to the triangle’s lower boundary, and the declining trading volume indicates that neither bulls nor bears are very confident. Because traders wait for confirmation before investing, low volume inside consolidation patterns frequently precedes significant swings. It is likely that the final breakout will be more explosive the longer SHIB remains within this narrowing range.

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The fact that the 50-day EMA is about to move below the 100-day EMA is adding to the pressure. A bearish signal would result from such a development, which would contrast the midterm strength with the short-term momentum’s waning. Verified, this cross might push SHIB below its crucial support at $0.000012, which would allow for further declines.

The proximity to the triangle’s tip, on the other hand, indicates that buyers may initiate a significant upward move if SHIB is able to recover from its current position and maintain support. A break above $0.000014-$0.000015 would dispel short-term pessimism and probably lead to a volatility-driven rally, with possible targets returning to the $0.000017 region.

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August 20, 2025 0 comments

GameFi Guides

Bitcoin price will hit $180,000 by the year-end, VanEck report suggests

by admin August 20, 2025

On Aug. 18, 2025, ETF and mutual fund manager VanEck released a new report studying Bitcoin price trends between mid-July and mid-August. VanEck analyst Nathan Frankovitz and Head of Digital Assets Research Matthew Sigel predict that BTC will reach $180,000 by the end of the year, while noting discrepancies in Bitcoin mining companies’ market performance and declining mNAV of Digital Asset Treasuries.

Summary

VanEck report suggests that Bitcoin price will reach $180,000 by the end of 2025.
The report attributes the decline in Bitcoin treasury companies’ mNAV to lower Bitcoin volatility and claims mNAV will continue to drop in the future.
The U.S. dominance in Bitcoin mining reaches a record high at 31%.
Bitcoin ordinals minting doubles if compared to 2024, while Bitcoin Core is removing the arbitrary data limit from the block, clearing the way for more ordinals.

30-day market trends

On Aug. 13, 2025, Bitcoin reached a new record-breaking price. While it was only several hundred dollars above July’s peak price, VanEck notes that the signals coming from the Bitcoin futures markets were more bullish. The CME basis funding rates reached 9%, the highest figure in six months.

The options market saw a notable increase in the call/put ratio, which reached 3.21x, signaling the growing demand for BTC. According to VanEck, 3.21x is the highest call/put rate since June 2024. Call premiums reached $792 million, which is a 37% rise compared to the previous 30-day period.

One of the factors shaping the uptrend was growing demand from corporations. According to VanEck, in July, Exchange-traded products (mostly ETFs) and DATs acquired 54,000 BTC and 72,000 BTC, respectively. In the three months of 2025 Q2, DATs purchased only 131,355 BTC, which indicates July’s increase in buying pressure coming from digital asset treasuries.

For the same crypto asset, which would you rather own?

— VanEck (@vaneck_us) August 13, 2025

VanEck named Ethereum’s popularity spike as the main reason for the decline in Bitcoin’s market dominance from 64.5% to 59.7%. Bitcoin network transactions reached 12.9 million, which is the highest rate since November 2024. Median fees dropped by 13%.

The graph attached to the VanEck report showcases a spike in total transfer volume. It reached $77,727,657,201, making a 34% increase compared to the previous 30-day period or a 60% change over 365 days.

Bitcoin mining

In August, mining hashrate reached a record-high rate of 902 EH/s. The revenue per EH/s is $59,400, the highest in eight months. The volume of BTC sent by miners to exchanges has nearly doubled since August 2024, but grew only 16% compared to mid-July of this year.

As for mining companies’ equities, the results are split. Applied Digital Corporation’s equity (APLD) is up 54%, Bitfarms (BITF) is up 16%, while most of their competitors saw growth below 10% or dropped in price. VanEck names a 22% drop in Cipher Mining Inc.’s stock (CIFR) price and a 4% decline in the 13-mining-company index tracked by the report authors. In August, U.S.-based mining operations reached a record share of 31%.

Bitcoin treasuries

VanEck evaluated the amount of Bitcoin held on public treasury companies’ balance sheets at 951,000. The authors of the report point to the decline in DATs’ stock performance. They point out that in July, the mNAVs of these companies have been going down.

Saylor once said he’d never issue below 2.5x mNAV.

Now, he’s changed course.

He’s signaling a willingness to sell $MSTR even under that threshold.

A real risk of dilution is now on the table.

— Oz Sultan (@OzForNY) August 19, 2025

It means that for these companies, the share of net asset value declines relative to their liabilities. VanEck gives three examples: mNAVs are down for MSTR (-16%), for MTPLF (-62%), and for SMLR (-12%). As Bitcoin volatility settles, it becomes harder for DATs to issue convertible debt to acquire more BTC.

Bitcoin ordinals spike

Another notable trend is the 43% 30-day growth of ordinals minted on the Bitcoin blockchain. The total amount of ordinals minted in 30 days amounts to 109,779. Compared to August of 2024, this amount has grown by 120%.

This surge in minting Bitcoin blockchain-based images and other non-monetary data reflects the ongoing debate over the idea of removing the 83-byte-per-block limit for arbitrary information. The implementation removing the limit will come into effect for Bitcoin Core nodes in October, allowing for more ordinals per block, which can possibly slow down monetary transactions.

Predictions

Looking at the near future, VanEck points to the possibility of a volatility spike, which in turn can amplify price swings via dealer hedging. VanEck expects a further decline in DATs’ mNAVs as they will have limited ability to raise capital due to a long period of low volatility. While the report authors provide both bearish and bullish scenarios, they claim that by year-end, Bitcoin will reach $180,000.

In December 2024, Matt Sigel was predicting that Bitcoin would reach $180,000 in the first quarter of 2025 before going through a 30% correction. In fact, the Q1 peak was well below $110,000. April saw a short-term 25% drop. Given that the current Bitcoin price is much higher than the December 2024 price, the $180,000 bet is considerably less bullish.

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August 20, 2025 0 comments

NFT Gaming

$92-Million Bitcoin Transfer: Bhutan Shuffles 800 BTC Amid Price Drop

by admin August 20, 2025

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

The Royal Government of Bhutan has once again moved a large batch of Bitcoin, sparking talk across the crypto market.

Nearly 800 BTC, valued at about $92 million, was shifted on August 18, 2025, into two new wallets. The move added to a series of transactions made earlier this month and has fueled speculation about whether the Himalayan kingdom is preparing to sell.

Third Transaction This Month

This is not the first time Bhutan has drawn attention in August. On August 5, the government transferred 517 BTC to an unknown address.

Just two days later, on August 7, another batch was tracked to a Cobo Hot Wallet at an average price of $116,557.

The Royal Government of Bhutan has transferred 799.69 $BTC, worth $92.06M, into 2 new wallets, likely for deposit into a CEX (#Binance).https://t.co/q4dW3qJBT5 pic.twitter.com/bRvm3o90UI

— Onchain Lens (@OnchainLens) August 18, 2025

Reports confirmed that those coins were headed for sale, with Cobo acting as custodian of Bhutan’s Bitcoin holdings.

In its latest update, blockchain analytics firm Arkham confirmed the 799.69 BTC move and highlighted that this was the third major transaction from Bhutan this month.

Bitcoin’s Price Pressure

The timing comes as Bitcoin struggles to hold onto recent highs. The token reached a record $124,500 on August 14, 2025, before sliding back to $115,300.

Data shows it was down 2.30% in 24 hours and nearly 5% over the week. Platforms like Onchain Lens suggested that Bhutan’s most recent transfer may be linked to Binance, though no official word has come from Bhutanese authorities.

Market watchers say such transfers often hint at a possible sale, but they can also be part of wallet restructuring or custody changes.

BTCUSD trading at $115,489 on the 24-hour chart: TradingView

Bhutan’s Place Among Top Holders

Even with these movements, Bhutan remains one of the biggest nation-state holders of Bitcoin. Current estimates put its reserves at around 9,969 BTC, worth about $1.15 billion.

That kind of figure makes Bhutan the sixth-largest holder worldwide, behind the US with 198,000 BTC, China with 190,000 BTC, the UK with 61,240 BTC, Ukraine with 46,350 BTC, and North Korea with 13,560 BTC.

Unlike other countries that built their stacks mostly from seizures, Bhutan’s holdings trace back to mining.

For now, the repeated transfers leave the market guessing. Some traders see it as a sign of profit-taking after Bitcoin’s latest peak.

Others say it may just be about custody adjustments. Without confirmation from Bhutan, the reason behind the moves remains uncertain.

Featured image from Meta, 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 20, 2025 0 comments

GameFi Guides

Bitcoin (BTC) Price Prediction for August 18

by admin August 19, 2025

The crypto market has changed to red at the beginning of the week, according to CoinStats.

Top coins by CoinStats

BTC/USD

The rate of Bitcoin (BTC) has fallen by 2.29% since yesterday.

Image by TradingView

On the hourly chart, the price of BTC is near the local support of $114,955. If a bounce back does not occur and the daily bar closes around that mark or below it, one can expect an ongoing downward move to the $114,000 zone.

Image by TradingView

On the longer time frame, there are no reversal signals yet. If the bar closes around the current prices and with no long wick, the decline may continue to the support of $112,000 by the end of the week.

Image by TradingView

From the midterm point of view, the price of the main crypto is declining after the previous bearish bar’s closure.

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If the drop continues to the nearest support level, there is a high chance to witness a support breakout, followed by a drop to the $110,000 range.

Bitcoin is trading at $115,650 at press time.

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August 19, 2025 0 comments

GameFi Guides

Ripple’s $606 Million XRP Transfer Sparks Hopes of Price Reversal

by admin August 18, 2025

Ripple’s mysterious transfer sparks reactions
XRP returns above $3.06

San Francisco-based blockchain company Ripple has stirred speculations with a mysterious transfer involving millions of XRP. On August 18, on-chain tracking platform Whale Alert spotted a major transfer from Ripple involving 200,000,000 XRP.

According to the data provider, Ripple had moved a mega amount of XRP to an unknown address. The transfer was worth over $606 million per XRP’s price at the time the transfer was executed.

Ripple’s mysterious transfer sparks reactions

The massive XRP transfer from Ripple has sparked reactions across the community as the destination of the transferred assets remained anonymous.

Although the transfer comes as a little bit of a surprise, Ripple is known for making large XRP transfers at intervals, usually a few times every month.

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While market watchers have been closely monitoring on-chain moves like this, they have expressed curiosity as to whether the move could be the firm preparing for institutional deals or probably redistributing its reserves.

With the move coming amid a broad crypto market bloodbath, investors fear that the move might be Ripple preparing to dump its holdings ahead of deeper price declines.

Following the anonymous nature of Ripple’s giant move on XRP today, the lack of clarity on the destination of the transfer has fueled discussions about whether it could be tied to upcoming private accumulation which may be bullish for XRP’s potential price.

XRP returns above $3.06

After days of trading sideways, XRP appears to be retracing back to its previous support level as its price returns above $3.

Over the past days, the broad crypto market has been faced with a massive price bloodbath that saw the price of XRP fall as low as $2.9513 during the early hours of August 18.

Although the massive XRP decline experienced over the last 24 hours has seen short-term holders suffer massive losses, data from crypto analytics platforms shows that up to 94% of XRP’s circulating supply is in profit. This suggests that the XRP ecosystem is dominated by long-term holders with solid faith in the asset’s future potential.

Following the massive XRP transfer made by Ripple today, XRP appears to be forming a decent rebound as its price surges and holds steady at $3.07 as of press time.

While data from CoinMarketCap shows that the asset has plunged below $2.96 on the same day, investors’ hopes for a potential price breakout appear unshaken.

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August 18, 2025 0 comments

XRP price approaching critical support: a technical analysis deep dive

GameFi Guides

XRP price setting the stage for another bullish rally as $2.80 support holds

by admin August 18, 2025

XRP price is maintaining its potential for another leg higher toward $3.60 and possibly $4.19, supported by a robust market structure and rising demand.

Summary

$2.80 remains the critical high timeframe support, aligned with the value area high.
Bullish market structure holds with higher highs and higher lows intact.
Strong bull volume inflows sustain momentum and point to further upside.

XRP has corrected into the $2.80 high-timeframe support zone, a critical level that has repeatedly acted as a strong demand base. Despite this retrace, the bullish structure remains intact with higher lows and strong volume inflows.

Key technical points

$2.80 High-Timeframe Support: Confluence of value area high and prior retests, confirming strong structural demand.
Bullish Structure Intact: Higher highs and higher lows remain in place despite intraday corrections.
Volume Profile Strength: Sustained buy-side inflows support the probability of a continued rally.

XRPUSDT (1D) Chart, Source: TradingView

XRP’s price action has retraced into the $2.80 support, a region that has been tested multiple times and continues to act as a foundation for bullish momentum. This level is aligned with the value area high, a region where volume has consistently built, signaling strong demand. Holding above this level is critical for XRP to preserve its bullish momentum and sustain its broader uptrend.

From a market structure perspective, XRP remains intact with consecutive higher highs and higher lows. The pullback to $2.80 has not damaged the larger trend, but rather reinforces it as a healthy retest. These retests of major supports confirm the presence of buyers and strengthen the probability of upward continuation. A strong defense of this zone will likely set up XRP for a fresh rally back toward its all-time high of $3.60.

In addition to structural integrity, Fibonacci levels add another layer of confluence. The $2.80 region coincides with the 0.618 retracement zone, a level often associated with strong bullish reversals. Historically, XRP has reacted positively at this level during bullish trends, increasing the likelihood of another expansion higher if bulls hold the line.

The volume profile further strengthens the bullish case. Data shows a steady influx of buy-side pressure, indicating market demand is still strong even during corrective phases. Such volume dynamics often precede larger impulsive moves, as accumulation periods resolve with expansions higher. A break back above $3.60, backed by strong volume, could accelerate XRP toward the $4.19 Fibonacci extension target.

What to expect in the coming price action

XRP remains bullish as long as the $2.80 support continues to hold. Multiple retests are healthy and signal demand. With strong volume inflows, XRP is well-positioned for a rally back toward $3.60 and potentially $4.19.

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August 18, 2025 0 comments