Bitcoin on course for best August since 2017 despite renewed US-Iran hostilities
Bitcoin on course for best August since 2017 despite renewed US-Iran hostilitiesBTC is up more than 24% despite Fed and Iran shocks, yet spot volumes remain near three-year lows as $82,000 becomes the next test.
Hello, Monday.Bitcoin is heading for its best August since 2017, up more than 24% despite Fed uncertainty and renewed US-Iran tensions. Still, thin spot volumes could make $82,000 a crucial test for the rally. Stablecoins may support demand for short-term Treasuries, but their 93-day reserve limits do little to ease pressure on longer-dated debt. Meanwhile, BitGo’s $42.5 million NYDIG deal raises fresh questions over whether institutional trading and a 3+ GW power-and-compute push can deliver returns. The global crypto market cap is $2.64 trillion, with a 24-hour volume of $86.75 billion. The price of Bitcoin is $78,635.82, and BTC market dominance is 59.8%. The price of Ethereum is $2,465.46, and ETH market dominance is 11.3%. The best-performing sector is Crowdfunding, which gained 41%. The Crypto Fear & Greed Index is currently Greed (62). Ad: WINNLY Makes Mobile Gaming Rewarding — Play, Compete, EarnWINNLY lets players compete in 100% skill-based mini-games, climb leaderboards, and earn coins redeemable for gift cards from Amazon, PlayStation, Netflix, and more. π° Top NewsBitcoin on course for best August since 2017 despite renewed US-Iran hostilitiesBTC is up more than 24% despite Fed and Iran shocks, yet spot volumes remain near three-year lows as $82,000 becomes the next test. US treasury relies on stablecoins to fund short-term debt, but they can’t fix its $28B long-bond problemGENIUS reserves stop at 93 days while Treasury expands liquidity buybacks across 10- to 30-year debt. Wall Street’s favorite Bitcoin broker just walked away from institutional trading to chase gigawatts of powerThe BitGo NYDIG deal puts roughly $42.5 million upfront against NYDIG’s claimed 3+ GW power-and-compute footprint, with profitability unproven on both sides. π️ More News8 reasons to lock in always-on visibility on CryptoSlateIf your company wants meaningful reach in crypto throughout 2026, CryptoSlate is the safe, high-leverage choice. Here is why advertisers choose us:
About CryptoSlateCryptoSlate is a comprehensive and contextualized source for crypto news, insights and data. Since 2017, CryptoSlate has been a go-to destination for the fast-moving and nascent digital assets space. Our coverage focuses on Bitcoin, Ethereum, macro, DeFi, AI, and web3. Our goal is to provide an all-encompassing overview of the crypto asset market and the technological trends shaping it. Our mission at CryptoSlate is to decode the complexity of digital assets and showcase their potential to transform society by providing accessible, reliable information and analysis. We're committed to differentiating our news coverage by telling original stories and providing alternative points of view. Questions, Comments?Get in touch with us here. Connect with UsTelegram • X • Google News • LinkedIn • Instagram
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