Cryptopolitan Report: Bitcoin Had Its Best Week Since March 2023 & Only 30% of Our Readers Think It Leads to $100K

The total crypto market saw over $474 billion flood back in after a single line from the U.S. Treasury Department announcement. We asked our newsletter readers if they thought the move was real and had more legs to the upside. Most of them are waiting on Congress before they call it.  The Move Itself  Bitcoin‘s opening price on Monday, August 17 was around $62,800 and by Friday it closed around $77,700, briefly touching a high of roughly $79,500. That’s a move of over 23% within the span of seven days, its strongest weekly return since March 2023. In dollar terms, BTC added close to $14,000 within five days and saw over $280 billion added to its market cap in the same timeframe.  The altcoin move was even more explosive. The TOTAL2ES chart on TradingView, which tracks the combined market cap of all cryptocurrencies excluding Bitcoin and stablecoins, saw a +28.93% weekly candle. This was its biggest move since November 2024.  XRP rallied over 48% over the past week while Ethereum climbed over $2,400 with a gain of roughly 29%. Zcash ran 71% on a Grayscale ETF conversion filing. Other legacy alts like BNB, Chainlink, Cardano and Dogecoin all saw double digit gains as well.  Hyperliquid

23 گھنٹے پہلےانڈسٹری

Riot Platforms locked in a $9.1 billion Anthropic deal, but its bridge loan expires before the rent starts

Riot Platforms has secured up to $573 million of interim financing for the $9.1 billion data-center lease tied to Anthropic, but the facility matures about a year before the Bitcoin miner expects the project to start generating rent.  Related Asset Bitcoin #1 BTC · $79,106.03 24-hour change: up 2.52% 24H Up 2.52% 7D Up 23.34% 30D Up 23.36%  Earlier this month, Riot disclosed that it had secured a 20-year lease for 191 megawatts of critical IT capacity at its Rockdale, Texas, campus, describing the tenant only as a “leading frontier AI lab.”  However, CNBC and other reports subsequently identified the customer as Anthropic, the developer of Claude. Riot has not publicly named the tenant.  Related Company Riot Platforms Publicly-traded Bitcoin mining company  The first 96 MW is scheduled for delivery in December 2027, with the remaining 95 MW expected by June 2028. Riot estimates the initial lease will generate about $9.1 billion through June 2048, with two five-year extensions potentially lifting the total contract value to $16.1 billion.  However, funding that buildout requires a much earlier capital commitment.  Related Company Anthropic AI safety and research company  Notably, a Riot subsidiary entered into a senior secured delayed-draw facility administered by Morgan Stanley Senior Funding, providing access to up to

23 گھنٹے پہلےانڈسٹری

Prediction market traders skeptical Bessent will send yields lower

U.S. Treasury Secretary Scott Bessent arrives to testify during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC.  Chip Somodevilla | Getty Images  Treasury Secretary Scott Bessent is seeking to cap rising yields using a variety of tools at his department‘s disposal. However, traders on prediction market platforms think they won’t lead yields to fall dramatically.  Speculators on Kalshi think theres a 56% chance that the 10-year Treasury note yield will end 2026 above or at 4.75%, though they also place just 27% odds that it finishes the year above 5%. As of midday trading Monday, the 10-year yield was trading at about 4.70%.  Traders on Kalshi are asked across a series of contracts about where they think the 10-year Treasury note yield will trade on Dec. 31. The contracts are resolved using data from the U.S. Treasury.  Volume on the contracts are low, though, at just over $16,500 traded.  On Polymarket, speculators place two-in-three odds that the 10-year Treasury note yield will cross 4.8% at some point in 2026, a level that it hasnt breached even amid a recent bonds sell-off. The contracts on Polymarket are also resolved

23 گھنٹے پہلےانڈسٹری

Olivia Rodrigo Ups Her Global Hits As Several Singles Mount Comebacks

Two Olivia Rodrigo hits, “Expectations” and “Maggots for Brains,” return to the Billboard Global 200 together, making her the only name with multiple comebacks. US singer Olivia Rodrigo performs on the Orange main stage at Roskilde Festival in Roskilde, Denmark on July 4, 2025. The festival runs until July 6. (Photo by Helle Arensbak Ritzau Scanpix AFP) Denmark OUT (Photo by HELLE ARENSBAK/Ritzau Scanpix/AFP via Getty Images)  Ritzau Scanpix/AFP via Getty Images  On this weeks Billboard Global 200, the ranking of the most popular songs of any style or language throughout the world, Ariana Grande is king — or perhaps that should be queen. She fills the most spaces, thanks largely to the continued success of her latest album, Petal.  13 tracks by Grande – many of which are featured on her eighth solo collection – make space on the 200-rung tally, even as most of them fall following their impressive debuts in lofty positions only a few days ago. On the ranking of the artists who claim the most hits on the current edition of the Billboard Global 200, Bruno Mars comes next with eight, while Olivia Rodrigo ties for third with half a dozen smashes.  Rodrigo is able to reach that sum

23 گھنٹے پہلےانڈسٹری

Why Indian Traders Are Watching XAU/USD: Gold as a Global Market Signal

Gold has been a store of value in India for thousands of years. What has changed is how Indian traders interact with it. The XAU/USD pair – one troy ounce of gold priced in US dollars – is now one of the most actively monitored instruments in global markets, and the reasons go well beyond jewellery demand or inflation hedging. For traders who understand what drives golds price movements, XAU/USD functions as a real-time readout of global risk appetite, dollar strength, and geopolitical stress. That makes it useful as both a trading instrument and a macro signal that informs decisions across other markets.  What XAU/USD Actually Represents  The notation XAU comes from the ISO 4217 currency standard, which assigns codes to internationally traded commodities alongside fiat currencies. XAU denotes one troy ounce of gold – approximately 31.1 grams – and USD is the quote currency, meaning the price tells you how many dollars that ounce costs. The United States holds the largest gold reserves of any country in the world, which is part of why the dollar-denominated gold price carries such weight as a global benchmark.  Gold trades continuously on international markets, so the XAU/USD price reflects activity across multiple sessions throughout the

23 گھنٹے پہلےانڈسٹری

Bitcoins 24% rally faces $70K test as yields rebound: analysts

Bitcoins strongest weekly advance since March 2023 pushed the asset close to $80,000, but analysts said further gains may depend on easing US bond yields, continued spot ETF demand, and progress on the CLARITY Act.  SummaryBitcoin gained roughly 24% last week and reached a three-month high near $79,550.US spot Bitcoin ETFs recorded approximately $1.9 billion in weekly net inflows.Analysts linked the breakout to Treasury buybacks, ETF demand, and forced short covering.BTSEs Jeff Mei sees $80,000–$90,000 as possible but warns of a return to $70,000.  Bitcoin price holds near $80,000 after weekly surge  Bitcoin (BTC) traded near $79,800 on Aug. 24 after climbing from below $64,000 on Aug. 19. The cryptocurrency reached approximately $79,550 during the rally, its highest level since May.  The gain amounted to roughly 24% over the week, according to Gadi Chait, investment manager at Xapo Bank, making it Bitcoins strongest weekly advance since March 2023.  US policy developments helped trigger the move. On Aug. 19, the US Treasury announced that it would at least double the maximum size of its liquidity-support buybacks for nominal Treasury securities with maturities of 10 to 30 years.  Discover more  Investing In Digital Currencies And Crypto  exchange-traded funds  Finance  The operations will increase from a maximum of $2 billion to at least

23 گھنٹے پہلےانڈسٹری

Bitmine Buys Another $81M in Ethereum as ETH Outperforms Bitcoin

In briefTom Lees Bitmine bought another 32,447 ETH, worth roughly $81 million, last week.Bitmine says its 5.85 million ETH represents about 4.8% of the supply.The price of Ethereum is up more than 30% in the last week.  Bitmine Immersion Technologies is another step closer to its goal of owning 5% of Ethereums supply after buying another 32,447 ETH, worth roughly $81 million, last week.  The company said Monday that it held 5,847,611 ETH, worth around $15 billion as of August 23.  Myriad: Ethereum next price move? Click to make your prediction.  With Ethereums supply at approximately 120.7 million tokens, the 5% mark is about 6.04 million ETH. That puts Bitmine roughly 187,000 ETH short of its goal.  Bitmines latest buy comes amid renewed interest and excitement in the crypto market, with the price of Ethereum exploding over the last week. ETH is up a whopping 31.5% in the last seven days, outperforming even Bitcoins impressive gains of nearly 24% in the last week. ETH is currently trading for just under $2,500, up almost 3% in the last day alone.  Sentiment around the asset has shifted on prediction markets as well. On Myriad, a prediction market developed by Decrypts parent company Dastan, traders are now pricing in

23 گھنٹے پہلےانڈسٹری

Zcash surges 62% to $880 as holders prepare to vote on changing how ZEC is issued

Zcash holders face a snapshot deadline today to qualify for a vote on major changes to the networks issuance model and block speed, just as ZEC trades near its highest level since 2018.  Related Asset Zcash #11 ZEC · $839.01 24-hour change: down 0.28% 24H Down 0.28% 7D Up 63.58% 30D Up 74.50%  Data from CryptoSlate shows that the privacy-focused cryptocurrency surged about 62% over the past week to as high as $880 during its latest rally before retracing to about $830 as of press time.  The move puts greater attention on a governance process that could reshape how new ZEC enters circulation and how quickly the network processes blocks.  To participate, holders must have spendable shielded ZEC in Ironwood when the blockchain reaches block 3,459,350, according to terms published by vote organizers Valar Group and Project Tachyon.  The snapshot is estimated to occur around 19:00 UTC on Aug. 24, though the block height rather than the clock determines eligibility. Funds can be moved immediately afterward.  Voting is scheduled to begin Aug. 25 and run until Sept. 14 at 19:00 UTC. Organizers said they will consider the results representative of coinholders if at least 1 million ZEC participates in at least one of the five questions,

کل 22:45انڈسٹری

CleanCore exits Dogecoin treasury with $33.4M sale for AI push

CleanCore Solutions has sold substantially all of its 463 million Dogecoin holdings for about $33.4 million as it redirects capital toward AI infrastructure while a $100 million stock offering has more than doubled its outstanding share count.  SummaryCleanCore sold substantially all of its 463 million DOGE holdings for about $33.4 million on July 20.The proceeds were redirected toward the companys AI infrastructure business, ending its Dogecoin treasury strategy.A $100 million stock offering increased CleanCores outstanding shares by about 121.9% to 502.1 million.Warrants covering another 524.2 million shares could result in additional dilution if exercised.  CryptoSlate, citing U.S. Securities and Exchange Commission filings, reported that CleanCore disposed of substantially all of its remaining Dogecoin (DOGE) on July 20 and allocated the proceeds to its AI infrastructure segment, ending a treasury strategy that less than a year ago was built around accumulating a major share of DOGE supply.  The sale follows several earlier disposals. An SEC prospectus showed that by June 2, CleanCore had already sold about 200 million DOGE for $18.4 million and transferred another 70 million tokens in exchange for roughly $6.8 million of professional services. At that point, it still held 463.06 million DOGE valued at approximately $44.3 million.  CleanCores retreat has reversed

کل 22:32انڈسٹری

Bitcoin Storms Past $79K Before Hitting Resistance Near $80K

The price of bitcoin blasted past $79,000 around 9 a.m. EDT on Monday, August 24, 2026, as buyers kept their foot on the gas following last weeks blistering rally.  Key TakeawaysBitcoin gained 24% in 7 days as ETF demand helped BTC punch above $79,000.Eric Balchunas said U.S. bitcoin ETFs pulled in nearly $2B last week.Bitcoin faces $79,406 resistance as the Feds September rate decision looms.  Bitcoin Blasts Through $79,000 as Bulls Keep the Pedal Down  Monday is shaping up as an extension of bitcoin‘s sharpest weekly run in quite some time, and right now, bitcoin’s daily RSI (relative strength index) is flashing deeply overbought conditions in the 79–82 range, while the moving average convergence divergence (MACD) remains firmly bullish, with its line well above the signal and a positive histogram around 1,500–3,400.  Bitcoin punched out an intraday high of roughly $79,406 on Bitstamp before sellers finally pushed back. The leading crypto asset has climbed 2.5% against the greenback today and more than 24% over the last seven days. While bulls keep pressing, bitcoin trading volume remains moderate at $36.758 billion over the last 24 hours. Bitcoin futures open interest now stands at $57.57 billion, with CME and Binance commanding the biggest share.  ETF Demand Pours

کل 22:20انڈسٹری
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