Bitcoin’s (BTC) overnight push towards fresh records met with profit-taking on Monday, knocking prices down to $118,500.

The pullback left bitcoin 2.8% off its session high of $122,200, though the largest crypto remained up 0.4% over the past 24 hours.

Ether held above $4,200, modestly up 0.8% during the same period, while major altcoins Solana’s SOL (SOL), dogecoin

and Sui’s native token (SUI) slipped 3%-4%.

James Van Straten, senior analyst at CoinDesk, noted that bitcoin’s weekend rally left a gap in the CME futures market, which trade only on weekdays, between Friday’s close at $117,430 and Monday’s open at $119,000. History suggests that BTC could pull back to revisit and “fill” that gap, he said.

Tuesday’s U.S. Consumer Price Index (CPI) report could be the week’s biggest catalyst for traders, with Producer Price Index (PPI) data following later in the week.

Whether bitcoin’s momentum continues will likely depend on those U.S. macroeconomic data reports, Bitfinex analysts said in a Monday market report.

“With market sensitivity to macro events running high, traders should prepare for increased volatility and the possibility of a retracement toward $110,000 in the near term,” the Bitfinex analysts wrote.

“We believe that the ranging conditions and oscillation between the range highs and lows will continue, since price is constantly moving above and below the cost-basis of fresh buyers allowing for charged sentiments around key macro data releases,” they added.

Read more: Watch Out Below: Bitcoin’s Weekend Surge Leaves CME Gap

BTC Bulls made a quick recovery on August 7, 2025, regaining 117K levels after a short downward stint under the support of the Bollinger Band.

Now that bullish sentiment has reignited, traders are looking at the 119K mark as their next major zone of resistance. Furthermore, BTC heatmap data suggests that liquidity clusters between 117.5K and 118K may have a higher potential grind as traders continue to liquidate short positions.

24 hours7d30D1Yeverytime

In addition to this, the Daily CME Futures gap has been met, with new support established in close to $114,000. In the background, divergence forms between spot price action and ETF flow. Bollinger flags it as a possible trap for bears who are enthusiastic about the setup.

According to Coinglass heatmap data, BTC has encountered the attachment of resistors to liquidation clusters growing between 117.5k and 118k. On the flip side, there is accumulation of negative side bids that the level strengthened by the completion of the CME futures gap is around 114k.

(Coinglass heatmap data)

This level has historically served as a key point in the convergence of spot prices and has increased reliability as a support base.

$ BTC The clearing map shows the major long clusters of ~116000 (left) and the short clusters of ~118000 (right). These act as price magnets, potential volatility drivers. Configuration: optical_opti. pic.twitter.com/ijdczuolzg

– Thekingfisher (@kingfisher_btc) August 9, 2025

Analysts suggest that if BTC can push beyond the 119k mark, $120K will be the next big target psychologically and technically.

Explore: Top Solanamem Coins to purchase in August 2025

Ethereum Eyes $4500! Is this the best code to buy now?

Over the past 24 hours, ETH saw a $229.49 million futures liquidation, with Coinglass data that has left $22.24 million away from the long and wiped out $207.25 million from the shorts. ETH bounced back nearly $3,470 in support last week, and has since recreated the $4,000 mark by 15% since December 2024.

At this point, ETH is facing resistance at the $4,100 level, characterized by historic sales pressure and a descending trend line dating back to its history high in November 2021.

A breakout above the $4100 mark could lead to another bullish run, with ETH surges at the $4500 mark, a $4500 resistance zone.

Meanwhile, to maintain this bullish momentum, we must protect $3,470 in support. It could drop to $3,220 near this level once a week, and if it fails, a $3,000 psychological support zone could appear.

Momentum indicators such as RSI indicators flash red as they approach the area where ETH was over-acquired, while stochastic oscillators have been over-acquired since June. The signal is currently showing bullish momentum, but we should not rule out the possibility of short-term cooldowns.

$ eth: Looks really good here, it reached the best price since December 2021. This is a breakout due to multi-year resistance. You can jump to 5K and then retest 4K as support. https://t.co/kdv98ayjvm pic.twitter.com/1qdpl7yaid

– Christian Otto (@chrisott) August 9, 2025

In a bright note, ETH has scored over 180% since reaching its recent low of $1,385 in April, and has garnered more than 60% in the past month. Strong purchasing pressure from the entities of companies pivoting towards the ETH Treasury has fueled this recent performance.

24 hours7d30D1Yeverytime

Additionally, it received regulatory support from the SEC (Securities and Exchange Commission) on August 5, 2025 after regulatory agencies revealed that liquid staking of crypto assets did not violate the securities laws.

Explore: 10+ crypto tokens that can hit 1000X in 2025

Meme Coin Bitcoin Hyper’s pre-sale explodes past $7.7 million

by Arijit Mukherjee

Hyper Bitcoin has taken the Meme Coin industry by storm, with whales investing $96,000 recently. Hyper, a new memecoin and Bitcoin Layer 2 project, is built using Solana Virtual Machine (SVM).

It aims to bring gaming, Defi and real-world asset tokenization into the Bitcoin ecosystem by providing faster trading times and lower fees while maintaining Bitcoin grade security.

Meme Coin has already raised its pre-sale of over $7.7 million and has no official release date yet, but there is speculation that it will be debuted in the third quarter.

Hyper uses a bridge mechanism to lock BTC, issue wrap tokens that can be used in DAPP, and provides early participants with a 320% APY staking option.

With Bitcoin gaining momentum, Hyperis is gaining interest among smart money investors as a potential Q4 breakout play!

Visit Bitcoin Hyper here!

Vivopower’s $100 million Ripple Purchase Plan will raise stock prices of over 32%

by Arijit Mukherjee

Shares of NASDAQ-registered solar power company Vivopower rose 32.12% to $5.10 on August 8, 2025 after announcing its decision to acquire $100 million worth of privately held Ripple Labs stock to expand its XRP-centric digital financial strategy.

According to a press release dated August 8, 2025, Vivopower will purchase these shares directly from existing shareholders based on two months of due diligence.

Destruction: With a $100 million bet, XRP can be put at the heart of corporate finance.

And it’s not from fintech or crypto giants, but from global energy solutions companies.

Here’s why Vivopower’s Ripple Gamble is bustling in the market:

1/ Vivopower International has announced its next plan… pic.twitter.com/s1mrg0iogq

– Ripple Van Winkle | Crypto Researchers (@RipBullWinkle) August 9, 2025

For this to work, Vivopower is partnering with BITGO, Secure Asset Custody and Pasdaz Private Market. This is Ripple’s platform suitable for private sharing transactions.

In a press release, the company suggests that every 10 million shares, Vivopower shareholders can expect a value addition of $5.15 per share, depending on the volatility of the market.

Explore:12+ Hottest Encryption Presale to Buy Now

WLF is considering a $1.5 billion public vehicle for WLFI Token Holdings

by Arijit Mukherjee

President Trump supports World Liberty Financial. It plans to use a $1.5 billion public Shell Company as its financial vehicle to own WLFI governance tokens.

A report released by Bloomberg on August 9, 2025 shows that while major crypto and tech investors are approached, the structure of the transaction is still fixed.

The move reflects the strategies implemented by Michael Saylor’s micro-tactics and now reflects the branded strategy.

Large investors have set up a public company that holds WLFI tokens in the Trump family-backed venture company World Liberty Financial, and have established a public company that will join the Digital Assets Treasury Department company https://t.co/M31ud7cbw00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000

– Bloomberg (@business) August 9, 2025

So far, the venture has raised $550 million through public token sales with well-known investors such as Justin Sun and Web3port. Trump himself has disclosed more than $57.4 million in earnings from selling WLFI tokens and holds more than 15 million tokens.

Explore: Best New Cryptocurrencies to Invest in 2025

Ondo’s technical indicators are bullish, with prices increasing by 2.2%

by Arijit Mukherjee

Although the news cycle was relatively quiet, Ondo’s daily gain of 2.2% reflects increased technical strength and consistency with broader market sentiment.

The institutional benefits in real-world asset tokenization continue to support protocols such as Ondo Finance within the Defi Ecosystem.

Ondo is currently trading for $1.04 after temporarily touching on the $1.05 mark.

Bullish emotions seem to be based primarily on technology, with traders responding to the ond position on the main moving average, and approaches to the resistance zone reacting.

$ ondo The reversed head and shoulders are almost complete.

Ondo Global Markets is about to change the game. pic.twitter.com/mlgqgbqcut

— Rendoshi Ondomoto (@Rendoshi1) August 9, 2025

Its floating support is $0.84, while the stronger support is at the $0.62 level. Conversely, resistance concentrates at around $1.17, marking a potential profit of 12.5% from current levels.

The $1.03 pivot point is just below the current price.

Explore: 9+ Best High Risk, High Reward Crypto Buy in August 2025

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Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

As bitcoin

trades near $119,500, having just recently broken through another all-time high of $120,000, digital asset investment products are also breaking records for inflows – but there’s a regional disparity.

According to CoinShares, U.S.-listed funds dominated with $3.74 billion in inflows, while Germany saw $85.7 million in outflows, underscoring a growing divergence in global institutional sentiment.

This robust institutional appetite in the U.S. is exemplified by Vanguard’s evolving stance on crypto investments. Despite once branding bitcoin as an “immature asset class,” the $10 trillion asset manager is now Michael Saylor’s MicroStrategy (MSTR)‘s largest shareholder, indirectly becoming the most significant Bitcoin holder in traditional finance, as Presto Research recently noted in a daily markets update.

Meanwhile, QCP Capital highlights in a recent note that institutional enthusiasm remains notably robust, exemplified by over $2 billion net inflows into spot BTC ETFs last week.

Yet, derivatives markets suggest a more nuanced approach. Leveraged long positions are expanding aggressively, with perpetual funding rates approaching an elevated 30% and open interest surpassing $43 billion, levels unseen since BTC reclaimed $100k in January. Such aggressive positioning raises caution flags, recalling February’s abrupt $2 billion liquidation event.

“Froth is building,” QCP warns.

BTC Continues to Outpace Luxury Watches

Bitcoin

is up 27.87% year-to-date and 13.22% in the past month, easily outperforming the luxury watch market’s modest +4.5% rebound in Q2, according to a recent report co-authored by Morgan Stanley and WatchCharts.

Gains were concentrated in flagship models, Daytona, Nautilus, Royal Oak, while brands like Panerai, Breitling, and IWC underperformed. Inventory for watches under $5,000 remains historically elevated, and dealer turnover in that range continues to lag.

“Price recovery remains narrow and concentrated,” the report notes, driven by “renewed interest from high-end collectors and improved global risk appetite.”

Both BTC and watches, it adds, tend to benefit from “expansionary monetary environments and periods of wealth creation.”

But the speculative capital isn’t flowing evenly. Bitcoin has attracted more of the macro-driven bid, with institutional inflows and 24/7 liquidity making it the preferred high-beta asset.

The pandemic-era correlation between BTC and watches, both beneficiaries of easy money and speculative excess, broke down in late 2023 with the approval of U.S. spot bitcoin ETFs.

BTC has since matured into a macro-sensitive, institutionally backed asset, while watches have returned to their roots: fashion.

Market Movements:

BTC: Bitcoin briefly approached $123,000 before cooling off, while crypto-related stocks held modest gains and analysts said the market remains far from euphoric, with one projecting BTC’s $2.5 trillion market cap could eventually converge with gold’s $22 trillion.

ETH: ETH surged past $3,079 in early trading on strong volume before retreating in the afternoon to settle near $3,011, forming a textbook breakout-pullback pattern with support holding above the key $3,000 level.

Gold: Gold slipped 0.1% after hitting a three-week high amid renewed tariff threats from President Trump and focus on trade talks and U.S. data, while silver surged to its highest level since September 2011.

Nikkei 225: Asia-Pacific markets opened mixed Tuesday, with investors brushing off President Trump’s tariff shifts and turning attention to upcoming Chinese economic data, while Japan’s Nikkei 225 remained flat.

S&P 500:RBC Capital Markets raised its 2025 S&P 500 target to 6,250 from 5,730, but unlike Goldman and BofA, it expects little upside from current levels, with the index already above 6,280 as of July 11.

Elsewhere in Crypto

• U.S. Banking Regulators Issue Crypto ‘Safekeeping’ Statement, Not Pushing New Policy (CoinDesk)
• China’s Stablecoin Studies Hint at ‘Tiered’ But Fractured Approach (Decrypt)
• Grayscale Files Confidential Submission for IPO With SEC (CoinDesk)