Analyst Defends Crypto: Gold’s $12T Rise Shows Speculation Drives All Markets

A prominent crypto analyst has mounted a vigorous defense against the persistent criticism that digital assets are ‘just speculation,’ using gold’s staggering $12 trillion market cap increase over the past year as a central exhibit. CrediBULL Crypto argues this demonstrates that sentiment and momentum, not just intrinsic utility, are universal drivers of value across all major asset classes. This debate unfolds as the $3 trillion crypto market searches for catalysts to reignite growth, bolstered by institutional moves like Vanguard’s entry and bullish predictions from analysts like Fundstrat’s Tom Lee.

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Bitcoin Analysts Split: $56K Crash vs Mild Correction

Bitcoin’s recent volatility below $100,000 has created a sharp divide among market analysts. While Bloomberg’s Mike McGlone warns of a potential 50% crash to $56,000 based on historical patterns, onchain data from Glassnode and XWIN Research Japan suggests a milder mid-cycle correction may already be concluding, leaving investors to navigate conflicting signals in a rapidly evolving market.

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BitMine Acquires 2.5% of ETH Supply, Aims for 5% Target

BitMine Immersion Technologies has crossed a significant milestone by accumulating over 2.5% of Ethereum’s total supply, establishing itself as the world’s largest ETH treasury. The company is now halfway toward its ambitious ‘alchemy of 5%’ target while demonstrating exceptional stock liquidity and maintaining strong institutional backing. This strategic accumulation occurred during recent market volatility that BitMine leadership characterizes as creating prime buying opportunities for long-term investors.

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Bitcoin Hits $116K Amid US Shutdown, ETF Inflows Fuel Rally

Bitcoin surged past $116,000 with a 3% daily gain despite the first U.S. government shutdown since 2018, demonstrating remarkable resilience amid political uncertainty that furloughed 750,000 federal workers at an estimated cost of $400 million daily. The cryptocurrency’s rally was fueled by record ETF inflows totaling $3.53 billion in September, favorable technical patterns including a multi-week bull flag, and positive seasonal trends known as ‘Uptober,’ with market analysts interpreting the move as investors treating macro uncertainty as a strategic buying opportunity rather than a reason for panic.

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Solana Institutional Holdings Hit 20.9M SOL as ETF Speculation Grows

Institutional confidence in Solana continues to strengthen as treasury wallets now hold over 20.9 million SOL, representing 3.64% of total supply. Major firms are increasingly viewing SOL alongside Bitcoin and Ethereum in diversified portfolios, while speculation about a potential staking ETF gains momentum. Meanwhile, Solana’s technology roadmap promises significant performance improvements through upcoming upgrades.

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BitMine Holds 2.65M ETH, Targets 5% of Supply

BitMine Immersion Technologies has emerged as the world’s largest Ethereum treasury, holding over 2.65 million ETH tokens representing more than 2% of the cryptocurrency’s total supply while pursuing an ambitious ‘alchemy of 5%’ target. With crypto and cash holdings totaling $11.6 billion and BMNR stock ranking as the 26th most traded security in the United States, the company is leading crypto treasury peers in both asset accumulation velocity and trading liquidity, backed by a premier group of institutional investors including ARK’s Cathie Wood and Fundstrat’s Thomas Lee.

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Bitcoin Cycle Extended to 2026 Due to Macro Shifts

Bitcoin’s historically predictable four-year cycle is undergoing a significant shift, with analysts now projecting the next major price peak for 2026. Macroeconomic factors including U.S. corporate debt maturity timelines and sustained high interest rates are extending the cryptocurrency’s market rhythm. This evolution suggests investors need to adapt their strategies to a lengthening cycle influenced more by institutional flows than retail pressure.

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BitMine Holds 2% of ETH Supply, Targets 5% in $11.4B Treasury

BitMine Immersion Technologies has crossed a significant threshold, now holding over 2% of the entire Ethereum supply as it aggressively pursues an unprecedented ‘Alchemy of 5%’ strategy. With combined crypto, cash, and strategic investments totaling $11.4 billion, the company has established itself as the world’s largest Ethereum treasury. Backed by a who’s who of institutional investors and boasting one of the most actively traded stocks in the US market, BitMine is positioning Ethereum as the cornerstone of what Chairman Thomas Lee calls a financial ‘supercycle’ driven by Wall Street and AI adoption of blockchain technology.

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Ethereum ETFs Hit $30B with $307M Inflow, Bitcoin Sees Outflows

Ethereum exchange-traded funds are demonstrating remarkable institutional demand, recording their fifth consecutive day of gains with $307.2 million in inflows on August 27. BlackRock’s ETHA led with $262.23 million, while the nine Ethereum ETF products have collectively attracted approximately $1.83 billion over this five-day period. The surge has pushed Ethereum ETF net assets to $30.17 billion, supported by $13.64 billion in cumulative net inflows since their 2024 launch. In contrast, Bitcoin ETFs posted $81.3 million in daily inflows but have suffered over $800 million in outflows this month. Despite this, Bitcoin ETFs maintain a larger overall footprint with $54.19 billion in net inflows and $144.57 billion in assets under management, reflecting their earlier institutional adoption and established market position.

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Bitcoin ETFs See $2.2B Surge, Then Sharp Cooldown

Spot Bitcoin ETFs saw a dramatic $2.2 billion inflow surge on July 10-11, led by BlackRock’s IBIT ($1.4B) and supported by Fidelity’s FBTC and Ark’s ARKB. The inflows coincided with Bitcoin’s price rally to $123,220 and elevated trading volume. However, by July 14, inflows plummeted to just $297 million, with outflows from FBTC and ARKB. The sharp reversal suggests ETF flows are tightly linked to short-term price momentum, with institutional demand amplifying rallies but fading quickly during pullbacks. While ETFs absorb supply during bullish swings, the July 14 cooldown indicates investor hesitation at current valuations or profit-taking after rapid gains. Unless inflows stabilize, Bitcoin’s price may face uneven support from sporadic ETF demand.

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BIP-119 Could Boost Bitcoin Layer 2s & Self-Custody

The Bitcoin Improvement Proposal BIP-119, also known as OP_CHECKTEMPLATEVERIFY (CTV), is gaining momentum as a potential upgrade to Bitcoin’s protocol. If approved, it could enhance layer-2 solutions like Lightning Network and Ark by introducing covenants and vaults, improving self-custody security and scalability. Bitcoin upgrades are rare due to its decentralized governance—Taproot in 2021 was the last major update. BIP-119 could mark a significant step forward in Bitcoin’s usability and security, though activation may take years.

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Bitcoin ETFs Hit $1.17B Inflows as BTC Hits $118K ATH

U.S. Bitcoin spot ETFs recorded $1.17 billion in inflows on Thursday, driven by BlackRock, Fidelity, and ARK, marking their second-best day since launch. Bitcoin (BTC) hit a new all-time high of $118K, triggering $679.8 million in short liquidations amid tightening supply and macro-driven demand. The surge follows SEC regulatory clarity, with institutional allocators favoring custody-grade products. Ethereum ETFs also saw $383 million in inflows, led by BlackRock. Analysts attribute the momentum to Fed rate cut expectations and strategic institutional allocation, with spot ETFs now managing nearly $150 billion in assets. Political pressure on the Fed and a supply-demand imbalance further fueled the rally.

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