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CryptoPotato News (Official)

25 Aug, 07:52

Bitcoin Smashes $80K as $260M in Shorts Get Wiped Out: Here Are the Next Targets

• Bitcoin's price surged past $80,000, reaching a multi-month peak above $81,000, marking a significant revival since mid-May.
• Liquidated short positions exceeded $260 million within four hours, contributing to a total of $650 million in daily liquidations, primarily from short sellers.
• Altcoins like ETH and SOL also experienced gains, with ETH nearing $2,500 and SOL rising over 7.5% to trade above $100.

https://cryptopotato.com/bitcoin-smashes-80k-as-260m-in-shorts-get-wiped-out-here-are-the-next-targets/

Bitcoin Smashes $80K as $260M in Shorts Get Wiped Out: Here Are the Next Targets

It took a few attempts, but BTC finally did it earlier this morning.

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CryptoPotato News (Official)

25 Aug, 01:32

Top Shiba Inu Price Predictions as SHIB Soars 22% in a Week

• Shiba Inu (SHIB) has seen a 22% price increase over the past week, reaching a three-month peak and a market cap of over $3.2 billion, positioning it as the second-largest meme coin.
• Analysts predict potential further growth, with forecasts suggesting a possible rally of up to 2,200% or even 5,000% if key price levels are surpassed, indicating bullish sentiment among some market participants.
• Concerns remain due to a significant decline in SHIB's burn rate by over 91% and low daily transaction activity on Shibarium, which may impact long-term sustainability and investor confidence.

https://cryptopotato.com/top-shiba-inu-price-predictions-as-shib-soars-22-in-a-week/

Top Shiba Inu Price Predictions as SHIB Soars 22% in a Week

Is the token gearing up for a 5,000% price explosion?

68 0 1

CryptoPotato News (Official)

24 Aug, 23:47

Bitcoin’s $80K Rally Is a Trap, Analyst Warns of $45K Drop

• Trader Nonzee believes Bitcoin's recent surge to nearly $80,000 is a liquidity squeeze driven by forced buying rather than genuine demand, predicting a subsequent decline.
• The trader identifies key catalysts for the price movement, including the CLARITY Act and increased bond buybacks, suggesting that the market is now primed for distribution and a selloff.
• Despite Bitcoin's recent gains, it remains significantly below its all-time high and has experienced volatility, with altcoins also suffering losses during this period.

https://cryptopotato.com/bitcoins-80k-rally-is-a-trap-analyst-warns-of-45k-drop/

Bitcoin's $80K Rally Is a Trap, Analyst Warns of $45K Drop

The analyst's projected route runs from $77,000 to $67,000 then $55,000 before a final leg to between $45,000 and $48,000.

83 0 1

CryptoPotato News (Official)

24 Aug, 22:17

Zcash (ZEC) Explodes to an 8-Year High, But an Analyst Warns of a Major Crash

• ZEC has surged nearly 65% over the past week, outperforming major cryptocurrencies like BTC and ETH, partly due to Grayscale's plans for a Zcash ETF.
• Despite bullish sentiment, some analysts warn of a potential price drop, citing ZEC's vulnerability and current trading levels above daily averages as signs of an overextended rally.
• Recent exchange net flows show significant inflows surpassing outflows, indicating a bearish trend as investors move to centralized platforms, increasing selling pressure.

https://cryptopotato.com/zcash-zec-explodes-to-an-8-year-high-but-an-analyst-warns-of-a-major-crash/

Zcash (ZEC) Explodes to an 8-Year High, But an Analyst Warns of a Major Crash

"You might not like this, but the real value of ZEC lies below $500," one market observer stated.

82 0 0

CryptoPotato News (Official)

24 Aug, 20:52

The Group Behind the GTA VI Leaks Has a Meme Coin, Millions in Value, and a Secret Agenda

• CYBERLEEK, a Solana-based meme coin linked to the GTA VI leaks, surged 35% in 24 hours after a staggering 40,000% increase over the past week, now trading at around $0.028.
• The creators claim the token supports a "secret project" aimed at building infrastructure and security, having burned $1.5 million in developer tokens to distance themselves from pump-and-dump accusations.
• Despite ongoing leaks and Take-Two Interactive's efforts to identify the leakers, the group continues to promote the token using leaked gameplay footage, raising concerns about the ethics of their marketing strategy.

https://cryptopotato.com/the-group-behind-the-gta-vi-leaks-has-a-meme-coin-millions-in-value-and-a-secret-agenda/

The Group Behind the GTA VI Leaks Has a Meme Coin, Millions in Value, and a Secret Agenda

CYBERLEEK, the Solana-based meme coin tied to alleged GTA VI leakers, climbed 35% in just one day, while its seven-day rally has reached almost 40,000%.

94 0 0

CryptoPotato News (Official)

24 Aug, 19:22

Cardano (ADA) Jumps Past $0.20: 3 AIs Debate Whether a Rally to $1 Is Possible in 2026

• Cardano (ADA) has gained 28% recently, trading around $0.22, with discussions on its potential to reach $1 before the end of 2026.
• AI chatbots suggest that a rise to $1 is possible but would require significant market conditions, including Bitcoin's strength and a strong altcoin market.
• Google's Gemini predicts that ADA's ascent to $1 is more likely in 2027, as current capital is concentrated in top-tier cryptocurrencies like BTC and ETH.

https://cryptopotato.com/cardano-ada-jumps-past-0-20-3-ais-debate-whether-a-rally-to-1-is-possible-in-2026/

Cardano (ADA) Jumps Past $0.20: 3 AIs Debate Whether a Rally to $1 Is Possible in 2026

Perplexity claimed such a pump would require "an exceptional confluence of catalysts and a very strong altcoin/bull market."

89 0 0

CryptoPotato News (Official)

24 Aug, 17:37

Bitcoin Price Analysis: BTC Surges Toward $80K Again – Can It Break Through This Time?

• Bitcoin is currently consolidating between $77,000 and $79,000 after a significant breakout above previous resistance levels, indicating a need for the market to digest recent gains.
• The price remains above the $72K-$74.4K support zone, with a potential bullish continuation if it breaks above the $80.7K-$82.7K resistance area; otherwise, a drop below $72K could signal a deeper retracement.
• Liquidity analysis shows a balanced distribution around the current price, suggesting continued oscillation within the consolidation range until a decisive breakout occurs.

https://cryptopotato.com/bitcoin-price-analysis-btc-surges-toward-80k-again-can-it-break-through-this-time/

Bitcoin Price Analysis: BTC Surges Toward $80K Again - Can It Break Through This Time?

Bitcoin’s explosive breakout has transitioned into a period of consolidation between $77,000 and $79,000. Despite the sharp expansion from the previous

100 0 1

CryptoPotato News (Official)

24 Aug, 16:47

Bitcoin’s Next Rally Could Send Ethereum Toward $20K: Analyst

• Credible Crypto predicts Ethereum (ETH) could reach $20,000 in the coming years, depending on Bitcoin's price movements and ETH's recovery against BTC.
• ETH has been trading within a range of $1,500 to $5,000 for five years, and a break above this range could lead to targets of $10,000 or higher.
• Recent market data shows ETH's price is rising, with potential for altcoins to outperform it, as the overall market cap of altcoins has increased significantly.

https://cryptopotato.com/bitcoins-next-rally-could-send-ethereum-toward-20k-analyst/

Bitcoin's Next Rally Could Send Ethereum Toward $20K: Analyst

The analyst says a drop below $1,388 could undermine the technical setup behind the long-term bullish thesis.

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CryptoPotato News (Official)

24 Aug, 16:12

BitMine Nears Massive Ethereum Milestone as ETH Holdings Reach 5.85 Million

• BitMine has acquired 32,447 ETH in the past week, increasing its total holdings to 5,847,611 ETH, valued at approximately $14.3 billion.
• The firm is close to achieving its goal of controlling 5% of Ethereum's total supply, having completed 97% of its "Alchemy of 5%" strategy.
• BitMine has staked over 5 million ETH, representing 87% of its treasury, with potential annualized revenue estimates between $330 million and $381 million.

https://cryptopotato.com/bitmine-nears-massive-ethereum-milestone-as-eth-holdings-reach-5-85-million/

BitMine Nears Massive Ethereum Milestone as ETH Holdings Reach 5.85 Million

The company is now just 3% away from its ambitious target set just over a year ago.

91 0 1

CryptoPotato News (Official)

24 Aug, 15:52

Strive Splashes Out $83M on 1,110 BTC as Bitcoin Holdings Top 21,000

• Strive has purchased an additional 1,110 BTC for $81.5 million, averaging $73,409 per bitcoin, increasing its total holdings to 21,356 BTC.
• The acquisition occurred in tranches, with earlier purchases made at lower average prices of $64,800 and $63,231.
• In contrast, Strategy, the largest corporate holder of Bitcoin, has not made any purchases in nearly two months, focusing instead on rebuilding its USD reserves.

https://cryptopotato.com/strive-splashes-out-83m-on-1110-btc-as-bitcoin-holdings-top-21000/

Strive Splashes Out $83M on 1,110 BTC as Bitcoin Holdings Top 21,000

Unlike Strategy, Strive has made a rather sizeable purchase.

82 0 1

CryptoPotato News (Official)

24 Aug, 15:12

Strategy Adds $1.9B to USD Reserve but Buys No Bitcoin as BTC Position Turns Green

• The world's largest corporate holder of bitcoin has extended its no-buy pause for another week while maintaining its position without selling.
• The company increased its USD reserves to $5.1 billion and established an additional USD Cash reserve of $1.59 billion, alongside repurchasing $136 million of STRC.
• Following a recent surge in bitcoin prices, the company's holdings are now in profit, with a current value exceeding $65.6 billion, recovering from a previous unrealized loss of over $10 billion.

https://cryptopotato.com/strategy-adds-1-9b-to-usd-reserve-but-buys-no-bitcoin-as-btc-position-turns-green/

Strategy Adds $1.9B to USD Reserve but Buys No Bitcoin as BTC Position Turns Green

Today's announcement came just hours after Michael Saylor said on X that Bitcoin's most profound breakthrough i the ability to convert economic energy into digital form.

88 0 1

CryptoPotato News (Official)

24 Aug, 14:32

Ripple’s (XRP) at a Crossroads: 15% Upside or a 10% Pullback Coming Next?

• Ripple's XRP has surged nearly 50% in the past week, currently trading around $1.50 with a market cap exceeding $93 billion, briefly becoming the fourth-largest cryptocurrency.
• Analysts are divided on XRP's future, with some predicting a bullish rally supported by rising institutional interest, while others caution about a potential correction if it falls below $1.42.
• Predictions for XRP's price vary widely, with some users forecasting a rise to $6 or even $15, citing historical patterns and recent market movements.

https://cryptopotato.com/ripples-xrp-at-a-crossroads-15-upside-or-a-10-pullback-coming-next/

Ripple's (XRP) at a Crossroads: 15% Upside or a 10% Pullback Coming Next?

The majority of analysts foresee additional gains ahead.

91 0 1

CryptoPotato News (Official)

24 Aug, 13:12

Zcash (ZEC) Explodes Past $800, Bitcoin (BTC) Reclaims $77K: Market Watch

• Bitcoin's price briefly dipped to $75,500 but has since recovered to around $77,500, marking a 21% increase since last Monday.
• Ethereum rose by 2% to over $2,450, while Zcash neared $900, and several mid-cap altcoins experienced significant gains.
• The total cryptocurrency market cap has increased by approximately $30 billion, reaching $2.680 trillion.

https://cryptopotato.com/zcash-zec-explodes-past-800-bitcoin-btc-reclaims-77k-market-watch/

Zcash (ZEC) Explodes Past $800, Bitcoin (BTC) Reclaims $77K: Market Watch

The privacy coin reached its highest price tag in nearly a decade.

111 0 1

CryptoPotato News (Official)

24 Aug, 11:17

Bitcoin’s Bear Market May Be Over After a 20% Rally: But What Comes Next? (Analyst)

• Bitcoin surged by 25% this week, nearing $80,000, leading analysts to suggest the end of the bear market and the start of a "Soft Bull Market."
• Key support is identified at $71,000, with resistance at $78,500; a break above $82,000 could signal a full bull market escalation.
• The recent price movement was driven by short squeezes rather than new leveraged longs, indicating a shift in market psychology as traders react to fear and potential market reversals.

https://cryptopotato.com/bitcoins-bear-market-may-be-over-after-a-20-rally-but-what-comes-next-analyst/

Bitcoin’s Bear Market May Be Over After a 20% Rally: But What Comes Next? (Analyst)

The $71,000 level remains crucial for Bitcoin, while $78,500 stands between the current market and a possible move toward $82,000.

113 0 1

CryptoPotato News (Official)

24 Aug, 08:57

Bitcoin Bear Gets Burned 14 Times in 5 Days – Then Opens Another Major Short

• Bitcoin saw a significant weekly rally, rising from under $65,000 to nearly $80,000 in less than 48 hours, marking its best performance in three years.
• Despite a slight correction, Bitcoin remains stable around $77,000, while one persistent bear has opened a new 40x short position on 300 BTC worth over $23 million.
• The anonymous trader has shorted BTC and ETH 14 times in the past five days, incurring losses exceeding $4.5 million without a successful trade.

https://cryptopotato.com/bitcoin-bear-gets-burned-14-times-in-5-days-then-opens-another-major-short/

Bitcoin Bear Gets Burned 14 Times in 5 Days - Then Opens Another Major Short

Will they finally be on the right side?

125 0 1 2

CryptoPotato News (Official)

24 Aug, 08:27

Bitcoin’s Rally Faces a Crucial Week: These 3 Macro Events Could Decide the Next Move

• The cryptocurrency market is focused on key US macroeconomic events this week, including the July PCE inflation report, revised Q2 GDP data, and Fed Chair Kevin Warsh's speech at Jackson Hole.
• Wednesday is expected to be pivotal, with the release of the July PCE Price Index and core PCE, which could influence interest rate expectations and market dynamics.
• Warsh's address on Friday is anticipated to provide insights into the Fed's stance on inflation and interest rates, potentially impacting Bitcoin's recent price movements.

https://cryptopotato.com/bitcoins-rally-faces-a-crucial-week-these-3-macro-events-could-decide-the-next-move/

Bitcoin’s Rally Faces a Crucial Week: These 3 Macro Events Could Decide the Next Move

July PCE data, revised second-quarter GDP data, and more major developments are coming next.

121 0 2

CryptoPotato News (Official)

24 Aug, 02:02

UK Sends 81,000 Crypto Tax Warnings as HMRC Targets Unpaid Bull Run Gains

• HMRC has sent over 81,000 warning letters to UK crypto holders suspected of unpaid taxes, nearly tripling the number from the previous year.
• The tax authority attributes much of the unpaid tax to gains made during the crypto bull run from 2022 to 2025, with penalties for non-compliance potentially reaching 100% of the owed tax.
• Concurrently, UK banks face scrutiny for blocking or delaying 40% of transfers to digital asset exchanges, prompting calls for clearer policies and individual risk assessments from MPs.

https://cryptopotato.com/uk-sends-81000-crypto-tax-warnings-as-hmrc-targets-unpaid-bull-run-gains/

UK Sends 81,000 Crypto Tax Warnings as HMRC Targets Unpaid Bull Run Gains

Tax warnings surged across Britain as HMRC targets crypto gains.

129 0 1 1

CryptoPotato News (Official)

23 Aug, 23:32

Three Crypto Investing Mistakes Could Be Hiding a Much Bigger Opportunity

• Investors are underestimating the potential applications of crypto, as traditional assets like stocks and bonds could significantly expand the market for platforms like Uniswap.
• The assumption that traditional finance (TradFi) companies will dominate crypto-native businesses is flawed, as crypto firms often outperform them due to their agility and focus.
• Current transaction volumes do not accurately reflect future blockchain activity, as 24/7 trading and AI-driven transactions could drastically increase trading volumes, potentially by 10x or more.

https://cryptopotato.com/three-crypto-investing-mistakes-could-be-hiding-a-much-bigger-opportunity/

Three Crypto Investing Mistakes Could Be Hiding a Much Bigger Opportunity

Bitwise CIO warned that crypto investors may be focusing too narrowly on today's market while missing where the industry could go next.

126 0 2 1

CryptoPotato News (Official)

23 Aug, 22:12

Ethereum Price Analysis: ETH Looks Ready to Rally – But Is a Pullback Coming First?

• Ethereum has experienced a significant breakout, reaching around $2.55K, but is now facing major resistance and entering a corrective phase.
• The $2.07K-$2.15K zone is crucial support; maintaining this level is essential for sustaining the bullish breakout structure despite recent volatility.
• A potential pullback to the $2.21K region aligns with Fibonacci retracement levels and could serve as a liquidity magnet, influencing future price movements.

https://cryptopotato.com/ethereum-price-analysis-eth-looks-ready-to-rally-but-is-a-pullback-coming-first/

Ethereum Price Analysis: ETH Looks Ready to Rally - But Is a Pullback Coming First?

Ethereum’s explosive breakout has shifted the broader structure decisively in favor of buyers, but the rally has now encountered a major resistance zone.

122 0 1

CryptoPotato News (Official)

23 Aug, 19:42

Ripple ETFs See Best Week Since May as XRP Exploded to 7-Month High

• XRP exchange-traded funds (ETFs) experienced significant inflows last week, totaling $39.78 million, marking the best week since May.
• The cumulative net inflows for XRP ETFs reached an all-time high of $1.55 billion, with Bitwise's XRP fund leading at $542.69 million.
• XRP's price surged by 70% to $1.70 before retracing to around $1.50, with analysts suggesting it needs to reclaim the $1.65-$1.70 resistance to shift the broader trend.

https://cryptopotato.com/ripple-etfs-see-best-week-since-may-as-xrp-exploded-to-7-month-high/

Ripple ETFs See Best Week Since May as XRP Exploded to 7-Month High

Unlike the BTC and ETH ETF inflows, Friday was actually the best day for the XRP ETFs.

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