Bitcoin Falls Below $117K as “Ghost Month” Spurs Caution ⚠️
Bitcoin dropped under $117,000 on August 14—its sharpest fall in a month—amid fears that the culturally significant “ghost month” could trigger a deeper pullback, historically pushing prices toward $100K–$105K. Despite the drop, spot demand remains strong, with $3.88B in USDC flowing to exchanges and limited capitulation at 16,800 BTC sold at a loss. Key support is seen at $116K–$117K, but traders remain wary.
📱 @Money 📱 Twitter
Bitcoin dropped under $117,000 on August 14—its sharpest fall in a month—amid fears that the culturally significant “ghost month” could trigger a deeper pullback, historically pushing prices toward $100K–$105K. Despite the drop, spot demand remains strong, with $3.88B in USDC flowing to exchanges and limited capitulation at 16,800 BTC sold at a loss. Key support is seen at $116K–$117K, but traders remain wary.
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SEC Chair Paul Atkins has unveiled “Project Crypto,” an agency-wide initiative aimed at modernizing securities rules to accommodate digital assets and blockchain-based markets. Atkins emphasized that the SEC is “mobilizing” all of its divisions to provide clear regulatory guidelines on crypto custody, token classification, and trading—even without waiting for new legislation from Congress. His goal: to give market participants “certainty and clarity” and accelerate America’s transition to becoming the global hub for crypto and on-chain finance.
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🗞 August 16 2025 cryptocurrency news highlights
【Cryptocurrency】
Bitcoin Falls Below $117K as “Ghost Month” Spurs Caution⚠️
【Economy】
Trump formulated the "Corporate Loyalty List" and ranked 553 American companies and associations according to the support of the "Big and Beautiful" bill
【More】
UAE travelers can book flights with Bitcoin, Ether, USDT and more via Emirates, Travala, and Air Arabia
📱@Money📱 Twitter
【Cryptocurrency】
Bitcoin Falls Below $117K as “Ghost Month” Spurs Caution
【Economy】
Trump formulated the "Corporate Loyalty List" and ranked 553 American companies and associations according to the support of the "Big and Beautiful" bill
【More】
UAE travelers can book flights with Bitcoin, Ether, USDT and more via Emirates, Travala, and Air Arabia
📱@Money
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Ethereum is closing in on its previous all-time high—trading just 3–5% below peak levels from November 2021—driven by a surge in institutional demand and shifting investor sentiment toward ETH. According to CryptoQuant, the ETH/BTC holdings ratio has surpassed its 365-day moving average, signaling a strong rotation toward Ethereum, while U.S. spot ETH ETFs recorded a massive $1 billion inflow in a single day. The asset is also dominating recent spot trading volumes over Bitcoin for the first time since 2017. Despite the bullish momentum, analysts caution that elevated exchange inflows and possible overvaluation ratios could precede a short-term correction.
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Bitcoin Cash Hits $618, XRP Moves $200M, But Cold Wallet’s 3,400% Upside Makes It the Best Long Term Crypto💰 🪙
Bitcoin Cash and XRP are gaining short-term momentum from halvings, legal clarity, and whale activity, but Cold Wallet is drawing stronger long-term interest. Backed by $6M raised in presale, growing usage, real rewards, and buyout rumors, it’s seen as a timely early-entry crypto opportunity.
📱 @Money 📱 Twitter
Bitcoin Cash and XRP are gaining short-term momentum from halvings, legal clarity, and whale activity, but Cold Wallet is drawing stronger long-term interest. Backed by $6M raised in presale, growing usage, real rewards, and buyout rumors, it’s seen as a timely early-entry crypto opportunity.
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Canary Capital CEO Predicts Bitcoin $150K, Questions Ethereum’s Future 💭
Canary Capital CEO Steven McClurg expects Bitcoin to hit $140K–$150K this year on strong institutional demand, but doubts Ethereum can sustain momentum, calling it outdated. Other analysts disagree, arguing Ethereum’s developer base could still drive it to $8K–$10K.
📱 @Money 📱 Twitter
Canary Capital CEO Steven McClurg expects Bitcoin to hit $140K–$150K this year on strong institutional demand, but doubts Ethereum can sustain momentum, calling it outdated. Other analysts disagree, arguing Ethereum’s developer base could still drive it to $8K–$10K.
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The probability of a 25 basis point Fed rate cut in September has slightly decreased to 92.1%.
According to CME's "FedWatch" data, as of press time, the probability of a 25 basis point Fed rate cut in September has slightly decreased to 92.1%, while the probability of maintaining interest rates unchanged is 7.9%.
📱 @Money 📱 Twitter
According to CME's "FedWatch" data, as of press time, the probability of a 25 basis point Fed rate cut in September has slightly decreased to 92.1%, while the probability of maintaining interest rates unchanged is 7.9%.
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The market capitalization of LIGHT, the native token of Heaven, the Solana AMM and Launchpad platform, has surpassed $130 million.
According to GMGN market data, the market capitalization of LIGHT, the native token of Heaven, the Solana AMM and Launchpad platform, has surpassed $130 million, currently trading at $135 million, a new all-time high and a 24-hour increase of 62.29%.
📱 @Money 📱 Twitter
According to GMGN market data, the market capitalization of LIGHT, the native token of Heaven, the Solana AMM and Launchpad platform, has surpassed $130 million, currently trading at $135 million, a new all-time high and a 24-hour increase of 62.29%.
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Tom Lee Comments on US Cryptocurrency Reserve Policy: The Bitcoin Strategic Reserve Ensures America's Dominance in the Future Digital Transformation
BitMine's new Chairman, Tom Lee, retweeted US Treasury Secretary Bensonant's tweet regarding the US Bitcoin Strategic Reserve, commenting that the establishment of a strategic Bitcoin reserve is an important step in ensuring America's dominance in the future digital transformation.
📱 @Money 📱 Twitter
BitMine's new Chairman, Tom Lee, retweeted US Treasury Secretary Bensonant's tweet regarding the US Bitcoin Strategic Reserve, commenting that the establishment of a strategic Bitcoin reserve is an important step in ensuring America's dominance in the future digital transformation.
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