Market News page 18

Investors are increasingly framing Bitcoin as a hedge against U.S. debt and Treasury policy shifts, fueling a sharp rally. Bitcoin's total market capitalization has expanded by an estimated $416 billion over the past nine weeks, according to CryptoBriefing.

The trading firm paired a large short position on the derivatives platform with a substantial move of ether off exchange. Abraxas Capital has opened $783 million in short positions on Hyperliquid, a decentralized perpetual futures exchange, according to reports from CryptoBriefing, Coinfomania and Bitcoin.com News.

Markets brace for the Federal Reserve's annual symposium as bitcoin approaches a closely watched price level. Bitcoin is approaching $80,000, a level traders view as its next significant test. The move comes as attention turns to the Federal Reserve's annual Jackson Hole symposium.

The widely watched sentiment gauge has moved firmly into greed territory, according to two separate reports. The Crypto Fear & Greed Index has jumped to 73, according to reporting from CryptoBriefing and Yahoo Finance. A reading at that level falls within the range typically labeled as greed.

Bearish positioning persists among a small group of firms even as both assets post strong gains. Three trading firms have maintained short positions on Bitcoin and Ethereum even as both cryptocurrencies posted sharp price gains, according to reporting from Yahoo Finance and BeInCrypto.

Two CryptoBriefing stories published six minutes apart, plus a Cryptonomist EN story, describe the same Fidelity gold move but give opposite accounts of where gold prices have been heading. Two CryptoBriefing stories published six minutes apart, plus a Cryptonomist EN story, describe the same Fidelity gold move but give opposite accounts of where gold prices…

Analysts point to record weekly ETF inflows as the main driver behind XRP's sharp rally. XRP has staged a dramatic weekly rally, with reported gains ranging from 47% to 50% depending on the measurement window and source. The move ranks among the token’s sharpest short-term advances in recent months.

Traders booked $1.72 billion in gains even as spot ETF demand and a sharp weekly rally lifted sentiment toward a possible run to $95,000. Bitcoin pushed through the $77,000 level this week, according to data cited by Brave New Coin, marking a 26.8% gain over a seven-day period.

TronWeekly and Cryptonews.com give conflicting numbers for XRP's trading volume and spot ETF net inflows on the same day. TronWeekly and Cryptonews.com give conflicting numbers for XRP's trading volume and spot ETF net inflows on the same day. What all sources agree on XRP was trading in the $1.48–$1.49 range around the time of publication.

A large short position tied to market maker Wintermute has surfaced just as XRP posts recent gains. A wallet associated with Wintermute, a prominent cryptocurrency market maker, has reportedly opened a sizable short position against XRP. U.Today first reported the development on August 24, describing the position as unusually large.

Reports point to an August 25 debut, with Zcash futures open interest overtaking Dogecoin and BNB Grayscale is moving closer to launching what would be the first U.S.-listed exchange-traded fund tied to Zcash, according to reports from Crypto News Australia and CoinGape.

The move comes as the Strive asset management firm's chief executive predicts Bitcoin's next market cycle could outperform all previous ones. Bitcoin logged its largest weekly dollar gain on record this week, The Block reported. The figure marks a milestone in the asset's price history, measured in absolute dollar terms rather than percentage terms.

Bitcoin and broader digital asset markets face a heavy macroeconomic data calendar that could shape short-term sentiment. Crypto markets enter a pivotal week as investors turn their attention to a cluster of US economic reports. Personal Consumption Expenditures inflation data, jobs figures, and gross domestic product growth numbers are all due for release.

The billionaire investor says rising US debt levels justify holding hard assets alongside traditional portfolios. Ray Dalio, founder of Bridgewater Associates, has again sounded the alarm on US government debt. He warned that current fiscal trends could push total US debt toward $60 trillion, according to Bitcoin.com News.

Cointribune EN and CryptoSlate report the same weekly Bitcoin and Ether ETF inflow totals but give conflicting figures for XRP and Solana ETF inflows over the same period. Cointribune EN and CryptoSlate report the same weekly Bitcoin and Ether ETF inflow totals but give conflicting figures for XRP and Solana ETF inflows over the same…

A weekly market roundup credits growing worry over US government debt for pushing bitcoin sharply higher. Bitcoin climbed 23% in a rally that outlets tracking weekly crypto news attributed to mounting anxiety over US government debt policy.

Fundstrat's Tom Lee highlighted the asset manager's inflows as a sign of resilient demand amid falling crypto prices. Bitwise has pulled in $1.8 billion in investor capital during a period marked by declining cryptocurrency prices, according to figures highlighted this week.

ARK Invest's founder says Wall Street analysts do not understand the stablecoin issuer's business model. Cathie Wood has kept buying Circle shares through a steep decline, according to reports from BeInCrypto and Yahoo Finance. The stock has dropped 42% from earlier levels this year.