08 Aug 2025: 🟠 Daily Crypto Brief: Bitcoin Nears $120K as XRP & ETH Lead Market Surge

08 Aug 2025: 🟠 Daily Crypto Brief: Bitcoin Nears $120K as XRP & ETH Lead Market Surge

By theinspired | Bitcoin Inspired | 8 Aug 2025


"The best way to predict the future is to create it."
— Peter Drucker

BITCOIN

  • Bitcoin Energy Value metric says 'fair' BTC price is as much as $167K (Cointelegraph)
  • El Salvador to Setup Bitcoin Banks – The First of Its Kind (BeInCrypto)
  • Bitcoin Bull Run at Risk as Whales Sell and Retail Buys In Late (BeInCrypto)
  • Bitcoin Price Roars Awake – $120K Within Striking Distance (NewsBTC)
  • Nearly $5 Billion Bitcoin and Ethereum Options Expire Today (BeInCrypto)
  • Buying Bitcoin years ago wouldn’t have made you rich today, trader says (Cointelegraph)
  • Traders bet on $200K year-end Bitcoin, but real odds tell a different story (Cointelegraph)
  • Bitcoin is still in the DCA buy zone at $116k ✅ (@BTC_Archive)
  • Bitcoin is getting more scarce forever. We’re only on halving 4 of 32. ⏳(@BTC_Archive)
  • Bitcoin shrimp wallets have bought 17,000 BTC over the past month, compared to 13,850 BTC issuance. Even the little guys are outpacing the miners. 🦐📈 (@BTC_Archive)
  • 🇺🇸 The Fed suggests revaluing gold to fund a strategic Bitcoin reserve. One day later, Trump imposed tariffs on gold, causing a price spike. Did he just pump gold to finance Bitcoin buys without expanding the budget? 🤔 (@BTC_Archive)
  • JUST IN: 🇪🇸 Spain's 3rd biggest bank BBVA to launch Bitcoin custody to Binance customers - FT (@BTC_Archive)
  • JUST IN: Bitcoin whales are buying at an unprecedented pace 🐳 Higher prices coming soon 🚀 (@BTC_Archive)
  • Major Bitcoin whale moves 3000 BTC worth $349M a shocking move after 10 years (The Street)
  • Peer-reviewed study says Bitcoin could hit $1 million by early 2027. 🚀 (@BTC_Archive)
  • Less than 1 million people own 1 full Bitcoin. That’s just 0.01% of the global population. 🤯 If you hold 1 BTC… you’re early. (@BTC_Archive)
  • JUST IN: 13 of the top 25 U.S. banks are building Bitcoin products. Not priced in.

BITCOIN MININIG

  • Bitcoin miner Terawulf's net losses continue to rise as it invests deeper in high-performance computing (The Block)
  • JUST IN: Institutions have bought $64 BILLION Bitcoin in 2025, five times more than miners have produced. 🚀 Price has only one way to go. 📈 (@BTC_Archive)

CORPORATE TREASURY

  • Multinational Healthcare Firm Secures up to $300,000,000 To Roll Out New Ethereum (ETH) Treasury Strategy (The Daily Hodl)
  • JUST IN: Brown University now holds over $13 million in Bitcoin via BlackRock's ETF. That’s double what they held in March. 🧠📈

ETHEREUM

  • Ether Soars Above $4K for First Time Since December (CoinDesk, The Block)
  • Liquidations Top $400 Million as Ethereum (ETH) Nears $4,000, Bears in Disbelief (CryptoPotato)
  • Ethereum Breakout Is ‘Imminent’ Amid $3,850 Retest – Analyst Eyes $5,000 For This Quarter (NewsBTC)
  • Ethereum surge signals incoming 200%-500% altcoin pump: Trader (Cointelegraph)
  • Ethereum Transactions Hit Record High as Staking, SEC Clarity Fuel ETH Rally (CoinDesk)
  • Ether to $4.4K? The Net Gamma Signal Suggests a Possible Quick Fire Rally (CoinDesk)

ALTCOINS

  • XRP’s Price Skyrockets by 13% as Ripple and SEC Drop Court Battle; Bull Case $8 (CryptoPotato, BeInCrypto, UToday, NewsBTC, CoinDesk, Decrypt)
  • XRP Price Surges 12% as Traders Bet on Big Swings with 'Straddle' Strategy (CoinDesk)
  • Ripple (XRP) Price Predictions: $4 in Sight After Ripple’s SEC Victory? (CryptoPotato)
  • Dogecoin Is Right Where Past Bull Runs Have Taken Off: Analyst (NewsBTC)
  • DOGE Surges 8% as Whale Buying Signals Bullish Breakout (CoinDesk)

STABLECOINS

  • The Rise of Crypto Paychecks: USDC Takes the Lead (BeInCrypto)

ETFs

  • SBI Holdings denies reports it filed for Bitcoin-XRP dual ETF in Japan (Cointelegraph)
  • Harvard endowment invests $116M into BlackRock Bitcoin ETF (Cointelegraph, The Block, CoinDesk)
  • JUST IN: BlackRock Bitcoin ETF sees second-largest Bitcoin buying since launch, bringing in almost $1 BILLION 🚀 (@BTC_Archive)

POLITICS

  • Bitcoin Advances After Trump Taps Bitcoin-Friendly Economist for Fed Role (Decrypt)
  • Trump’s 401(k) Crypto Push Could Eclipse Bitcoin ETFs (BeInCrypto)
  • Trump’s Pro-Crypto Orders See Bitcoin Futures Open Interest Jump, Then Unwind (Decrypt, Cointelegraph)

VOICES

  • Robert Kiyosaki: 'Rich Dad Poor Dad' Author Says Only Bitcoin Can Survive in Upcoming Great Depression (UToday)
  • JUST IN: $47 BILLION Block CFO tells CNBC Bitcoin can be the open protocol that "powers the internet." ⚡️ (@BTC_Archive)
  • 🇺🇸 SCOTT BESSENT: U.S. Treasury Secretary says the United States is "going big" on Bitcoin and crypto. (@BTC_Archive)
  • 🇺🇸 PRESIDENT TRUMP: Bitcoin and crypto are "much stronger" than other aspects of the market. (@BTC_Archive)
  • Jan Happel and Yann Alleman: ‘Strap In, Because the Ride Will Be Wild’ – Glassnode Co-Founders Say Ethereum Is in Accumulation Phase Before Massive Rally (The Daily Hodl)
  • Saylor: Bitcoin to Benefit from Tariffs on Gold (UToday)

THE BAD

  • Ethereum Foundation pledges to match up to $500,000 in donations backing Roman Storm’s legal fight (The Block, Decrypt)

VIDEO OF THE DAY

PODCAST OF THE DAY

Bitcoin's Blow-off Top is Coming w/Michael Terpin (Supply Shock)

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Bitcoin Inspired
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