Bitcoin holds at $62,000 as $6 billion exits ETFs — Tomorrow's PCE report will dictate the next moves. According to CoinMarketCap data, the global cryptocurrency market cap is now $2.14T, down 0.24% in the past 24 hours.[Bitcoin (BTC)](https://w $BTC $$$
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Bitcoin Holds $62,000 as $6 Billion Exits ETFs — PCE Tomorrow Will Decide What Comes Next
According to CoinMarketCap data, the global cryptocurrency market cap now stands at $2.14T, down by 0.24% over the last 24 hours.Bitcoin (BTC) traded between $61,960 and $63,119 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $62,678, up by 0.14%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include HEI, SAHARA, and ALICE, up by 42%, 20%, and 20%, respectively.Bitcoin Holds $62,000 as $6 Billion Exits ETFs — PCE Tomorrow Will Decide What Comes NextBitcoin is down 5% on the week but holding its floor for the third time this month, even as chip stocks crater and a record $6B leaves Bitcoin ETFs in 30 days. Thursday's core PCE is the binary catalyst — soft print builds on the floor, hot print brings $59,000 back into play ahead of Friday's $10.6B options expiry.South Korea is embedding token securities into mainstream capital markets with a February 2027 launch, Meta is building a prediction market app called Arena, and Asian stocks steadied Wednesday as Gulf tankers began moving through the reopening Strait of Hormuz.Asian Stocks Shake After Global Tech Selloff; MSCI Asia-Pacific Flat as South Korea Rebounds 2.2%Key Takeaways:MSCI Asia-Pacific ex-Japan slipped just 0.02% Wednesday — a sharp stabilization after Tuesday's rout; South Korea's KOSPI rebounded 2.2% after its 10% single-session crash; Nikkei swung between gains and losses, last down 0.8%S&P 500 -1.4%, Nasdaq -2.2%, Dow -0.09% overnight; 10-year Treasury yields fell 1.41bps to 4.493% as investors sought safety; BOJ board members called for further rate hikes following June's 1% decision — keeping yen intervention risk elevated at 161.57/dollarOil extended losses near four-month lows as Gulf tankers were spotted preparing to exit the Strait of Hormuz — concrete physical evidence of Hormuz normalization — though conflicting US-Iran accounts on nuclear inspections and strait control clouded the deal's durabilityGold fell 0.48% to $4,088.71; Bitcoin gained 0.84% to $62,914; Ethereum rose 0.43% to $1,669 — both crypto assets outperforming gold and most equities in Wednesday's risk-off sessionSummary:Wednesday's Asian stabilization after Tuesday's 10% KOSPI crash is the kind of "pause, not reversal" that markets produce when a sharp single-session move exhausts immediate sellers but hasn't resolved the underlying question — in this case, whether AI capex spending can justify current valuations. Tankers moving through Hormuz is the most concrete positive signal of the week, and Bitcoin quietly outperforming gold and equities in a risk-off session is the relative strength data point worth filing away. Wintermute Puts Bitcoin's 24-Hour Range at $61,242–$63,563 — $59,000 Support and Thursday's PCE Are the Week's Defining TestsKey Takeaways:Wintermute's one-day straddle pricing implies Bitcoin moves between $61,242 and $63,563 (~1.9%) in 24 hours; Ether expected between $1,606 and $1,694 (~2.7%) — tight ranges reflecting concentrated upcoming catalysts rather than low uncertaintyBitcoin confirmed a bear flag breakdown Tuesday — the counter-trend bounce from the June 5 lows has run its course; measured target from the pattern: $55,000; Wintermute flags $59,000 as the bear market low and the critical support if pressure continuesClassic risk-off FX configuration reinforcing the chart: euro-yen at lowest since May 6, pound and AUD losing ground to yen simultaneously, DXY at 101.57 — its highest since May 2025; non-yielding assets including Bitcoin lose ground when safe-haven currencies strengthenThree catalysts define the rest of the week: Thursday's core PCE (first major inflation print since the hawkish dot plot), US-Iran deal durability, and the quarterly options expiry at month-end amplifying moves in thin summer liquiditySummary:A confirmed bear flag with a $55,000 target, $59,000 identified as the critical support, and risk-off FX signals flashing simultaneously is a technically and structurally bearish combination — but the narrow Wintermute straddle range suggests the options market is treating Thursday's PCE as the binary resolution event rather than pricing in immediate directional conviction. The bear flag is real; whether it plays out depends almost entirely on macro data arriving in the next 48 hours. Bitcoin Grinds Toward $62,000 as Chip Stocks Crash Again — Record ETF Outflows and a $10.6 Billion Options Expiry Define the WeekKey Takeaways:Bitcoin at ~$62,546 (-2.1% in 24 hours, -4.9% on the week); ETH -7.2% weekly, XRP -9.3%, SOL -3.3%, DOGE -9.8%; HYPE worst performer at -18.6% on the week; Tron the lone outlier at +3.7%Philadelphia Semiconductor Index fell 7.9% — all 30 members down — as Micron, Marvell, and On Semiconductor led; S&P 500 -1.4%, Nasdaq 100 -3.3%; Taiwan Semiconductor fell 3%+ in Asia; the selloff is a fundamental reassessment of AI capex return timelines, not a narrow sector rotationUS spot Bitcoin ETFs: record 30-day net outflow of $6B+ — the largest since launch; tx co-founder McCluskey: "sustained institutional de-risking by the same buyers that drove this cycle"; until flows reverse, relief rallies face a hard ceilingFriday's $10.6B Deribit options expiry: ~80% of positions out-of-the-money at current prices; concentrated around a $60,000 put and $80,000 call; less mechanical delta-hedging pressure than a concentrated in-the-money expiry, but $60,000 remains a key psychological and technical lineSummary:A record $6B in 30-day ETF outflows is the single most important structural data point this week — it confirms the institutional demand that powered the bull cycle is now the primary source of selling pressure, and McCluskey is right that no accumulation signal overrides the absence of institutional buying. Micron's earnings Wednesday evening are the AI trade's most direct near-term test: a strong print steadies the chip sector and removes a key headwind; a miss deepens the rotation and brings $59,000 into active focus before Thursday's PCE even arrives. Meta is developing a prediction market app called ‘Arena’ as sector booms: NYTKey Takeaways:Meta is developing Arena — a prediction market-style app covering politics, sports, entertainment, and world affairs — per NYT reporting cited by CoinDesk; the product would initially use a video game-like points system rather than cash wagers, with real-money betting not ruled out for future versionsThe project revives Meta's earlier Forecast initiative (launched 2020, taken down 2022) — a second attempt at prediction markets with significantly more favorable regulatory momentum than the firstThe development arrives as the prediction market sector booms: Schwab and Cboe announced binary S&P 500 event contracts; SEC delayed but did not reject two dozen prediction market ETF proposals; Kalshi and Polymarket have collectively processed billions in volume; the CFTC is actively reviewing the sectorSummary:Meta entering prediction markets with 3 billion+ users as a potential distribution base is the sector's biggest legitimization moment yet — dwarfing Schwab's Cboe partnership in reach if not in regulatory maturity. The points-first approach is a smart regulatory sidestep that lets Meta build user behavior and product mechanics before real-money betting becomes viable — the same path that social casino gaming used to normalize gambling-adjacent products at scale. If Arena reaches even a fraction of Facebook's user base, it changes the prediction market landscape entirely. South Korea Places Token Securities at the Heart of Its Capital Market Modernization — February 2027 Is the Target DateKey Takeaways:South Korea's FSC is integrating token securities into a comprehensive capital market overhaul covering faster settlement (T+0/T+1 roadmap by October), longer trading hours, AI in market operations, and OTC settlement for unlisted shares — treating tokenization as infrastructure, not a crypto experimentThe National Assembly approved blockchain-based distributed ledgers as valid securities registries in January; Samsung SDS won a KSD contract to build the token securities management platform connecting the central depository to blockchain — targeted for February 2027 completionThe February 2027 launch aligns with Goldman's projected Fed first rate cut window and the broader liquidity improvement that historically accelerates adoption of new financial products — potentially launching into a more favorable macro environment than the current higher-for-longer backdropPart of a global synchronized buildout: UK FCA 10% crypto ETN retail allocation, Japan's Financial Instruments Act expansion, US SEC tokenized stock framework, BoE £40B stablecoin cap — every major jurisdiction moving simultaneouslySummary:South Korea embedding token securities into mainstream capital market modernization — rather than building a parallel crypto framework — may be the template other major economies follow. By treating tokenization as a settlement and infrastructure question, the FSC sidesteps the political friction that has slowed adoption elsewhere. Samsung SDS connecting the central securities depository to blockchain at the foundational layer is the detail that matters: this isn't a pilot program, it's infrastructure that will underpin how all securities eventually settle in South Korea. Market movers:NVDAB: $201.42 (-0.59%)SPCXB: $157.23 (+4.40%)MUB: $1091.3 (-3.02%)TSLAB: $384.72 (-2.45%)AMDB: $528.13 (+1.22%)INTCB: $135.07 (+3.98%)SNDKB: $2020.44 (-2.77%)ETH: $1667.67 (+0.81%)BNB: $576.55 (+0.52%)XRP: $1.098 (-0.66%)
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� Daily chart – Comprehensive technical analysis for Bitcoin)
🧠 General trend
• The daily trend is weakly bearish with sideways movements – the price is below the main long-term averages (EMA50, EMA100, and EMA200). • The short-term trend tends to consolidate between support and resistance
� Daily support and resistance levels
📍 Resistances
• R1: ~$70,933 • R2: ~$71,781 • R3: ~$72,688 (Relatively strong levels that may stop the price increase)
📍 Supports
• S1: ~$68,842 • S2: ~$67,702 • S3: ~$66,663 (A strong support area that may receive buying demand)
🧮 Brief daily technical reading
📉 The price is still below the main averages, indicating a dominance of the bearish trend in the medium term. 📊 The RSI is currently neutral, meaning the market may enter a sideways movement or a short-term technical correction. 📈 The MACD is in a negative zone → bearish pressure, but there is no immediate reversal confirmation. 📍 Support levels may represent potential buying opportunities with risk management, while resistance is used as exit areas or profit-taking.
Iran refuses to cease fire and negotiate with the stalled Iran has reportedly rejected the acceptance of a ceasefire or engaging in negotiations with the stalled, according to what Odaily mentioned. This information was shared by sources cited by the media.
Binance News
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Iran Rejects Ceasefire and Negotiations with Defaulters
Iran has reportedly refused to accept a ceasefire or engage in negotiations with defaulters, according to Odaily. This information was shared by sources cited by Iranian media outlet Fars News. The stance reflects Iran's firm position on the matter, as the country remains unwilling to enter any dialogue with parties that have defaulted on agreements.
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Here is my analysis of XRP from today until tomorrow:
Current Situation (Today – August 21, 2025): • The current price stands at about 2.91 USD, with daily movement ranging between 2.83 and 2.98 USD. Technical Analysis and Trends: • Narrow trading range between ~2.80 USD as the base (support) and 3.20 USD as resistance, currently limiting price momentum. • A descending triangle has appeared on the daily chart, increasing the likelihood of a drop to ~2.40 USD.
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