Beautiful Virgin Islands

Wednesday, Aug 27, 2025

Markets: Bitcoin Declines Further, As The Volatile Month Continues

Markets: Bitcoin Declines Further, As The Volatile Month Continues

The technical charts are suggesting further downside for Bitcoin and the rest of the crypto market, as sellers react to extreme overbought conditions since March.

Bitcoin traded lower on Friday as the price struggled near the $35,000 resistance level. The cryptocurrency was trading around $33,000 at press time and is down about 3.8% over the past 24 hours.

Some analysts expect continued weakness into the weekend as a volatile month nears its end. June has traditionally been a quiet month for Bitcoin and the rest of the crypto market, and no surprises are expected this time as well.

Near term outlook

There are existing concerns about regulatory crackdowns and environmental issues, which have dragged on bitcoin’s price over the past few months. The technical charts are suggesting further downside for Bitcoin and the rest of the crypto market, as sellers react to extreme overbought conditions since March.

On short term, BTC likely will remain in a consolidation phase between $30,000 support and $40,000 resistance. Trading ranges are expected to be difficult to navigate, especially for new traders, as uncertainty grows.

According to Elie Le Rest, partner and co-founder of ExoAlpha:

“Chinese market participants have been massively selling during the past month alongside the Grayscale unlocking schedule leading to more selling pressure.

With newcomers in the crypto market seeing their profit and capital getting wiped out by selling waves, newcomers are taking their losses as they can’t stomach this much negative volatility anymore.”

Another uncertainly is possible new monetary policy in the U.S. this year, which might weigh on risk assets including cryptocurrencies.

According to Edward Moya, senior market analyst at Oanda:

“Wall Street will have to see a couple more inflation and labor reports before having a better understanding on when the [Federal Reserve] will taper and be poised to raise interest rates.

It seems it will take intensifying inflation pressures to get the dollar rally going and that might pose one of the key risks for cryptocurrencies this summer.”

Institutions warming up to crypto

Regardless of the short-term price swings, institutions are step by step becoming more interested in cryptocurrencies.

Bitcoin trading volumes on the LMAX Digital spot exchange have gone up a lot over the past year. Because LMAX Digital “facilitates trades for institutions only and already is among the leading bitcoin spot exchanges, this depicts the current institutionalization of the bitcoin market,” according to a report by Arcane Research and LMAX Digital published on Friday.

Chart shows total monthly trading volume on the LMAX Digital spot exchange.
The report also mentioned that roughly 70% of the 77 institutional investors surveyed by LMAX Digital expect asset managers, funds and banks to be the most significant contributors to trading volume in the next three years.

Regardless, multiple gaps remain, which could slow the pace of widespread institutional adoption. “Access to banking has been particularly highlighted by brokers, while proprietary trading firms and HFT [high frequency trading] firms see access to credit as a big gap. Notably, corporates see a lack of global regulation as a major concern,” according to LMAX Digital.

Bitcoin hashrate makes recovery after decline

China’s regulatory crackdown accelerated the decline in bitcoin’s hashrate over the past month. The hashrate refers to the total combined computational power that is being used to mine and process transactions on the blockchain.

Bitcoin’s hash rate rose almost 5% overnight, according to Ycharts. Now 104 EH/s back the network, indicating a slow recovery from China’s crackdown that put a stop to BTC mining in China’s key mining provinces.

Last week the BTC hash rate dropped by 17% in the aftermath of a government issued shutdown order in Sichuan, a province popular for mining operations due to an excess of cheap hydroelectric power. 26 mining farms were forced to shut down.

Since then many Chinese miners have relocated to North America and Kazakhstan, which has allowed Bitcoin to recover, but regardless, the network’s hash rate is still 1.68% lower than this time last year.

Altcoins

High gas fees have plagued Ethereum off and on for months, so much so, that there has been a boom in funding and uptake around layer 2 solutions such as Polygon, Arbitrum and Optimism. A new project is taking a different tack and hoping to foster better communication between two groups of Ethereum stakeholders whose incentives are often misaligned: miners and users. The Ethereum Eagle project (EGL), launching Friday, is trying to provide a signaling mechanism for the miners and community to strike the “right” balance between gas limits and block size.

Opera, a privacy-oriented web browser that has a history of incorporating crypto features, is incorporating its first stablecoins, including celo dollar (cUSD), celo euro (cEUR) stablecoins and Celo’s native CELO token. Celo is an open-source blockchain network focused on making decentralized finance (DeFi) systems and tools more accessible.

Source: Markets: Bitcoin Declines Further, As The Volatile Month Continues – Fintechs.fi

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
A new faith called Robotheism claims artificial intelligence isn’t just smart but actually God itself
Deputy Prime Minister Angela Rayner Purchases Third Property Amid Housing Tax Reforms Debate
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Italian Facebook Group Sharing Intimate Images Without Consent Shut Down Amid Police Investigation
Dutch Foreign Minister Resigns Amid Deadlock Over Israel Sanctions
Trump and Allies Send Messages of Support to Ukraine on Independence Day Amid Ongoing Conflict
China Reels as Telegram Chat Group Shares Hidden-Camera Footage of Women and Children
Sam Nicoresti becomes first transgender comedian to win Edinburgh Comedy Award
Builders uncover historic human remains in Lancashire house renovation
Australia Wants to Tax Your Empty Bedrooms
MotoGP Cameraman Narrowly Avoids Pedro Acosta Crash at Hungarian Grand Prix
FBI Investigates John Bolton Over Classified Documents in High-Profile Raids
Report reveals OpenAI pitched national ChatGPT Plus subscription to UK ministers
Labour set to freeze income tax thresholds in long-term 'stealth' tax raid
Coca‑Cola explores sale of Costa coffee chain
Trial hears dog walker was chased and fatally stabbed by trio
Restaurateur resigns from government hospitality council over tax criticism
Spanish City funfair shut after serious ride injury
Suspected arson at Ilford restaurant leaves three in critical condition
Tottenham beat Manchester City to go top of Premier League
Bank holiday heatwave to hit 30°C before remnants of Hurricane Erin arrive
UK to deploy immigration advisers to West Africa to block fake visas
Nurse who raped woman continued working for a year despite police alert
Drought forces closures of England’s canal routes, canceling boat holidays
Sweet tooth scents: food-inspired perfumes surge as weight-loss drugs suppress appetites
Experts warn Britain dangerously reliant on imported food
Family of Notting Hill Carnival murder victim call event unmanageable
Bunkers, Billions and Apocalypse: The Secret Compounds of Zuckerberg and the Tech Giants
Ukraine Declares De Facto War on Hungary and Slovakia with Terror Drone Strikes on Their Gas Lifeline
Animated K-pop Musical ‘KPop Demon Hunters’ Becomes Netflix’s Most-Watched Original Animated Film
New York Appeals Court Voids Nearly $500 Million Civil Fraud Penalty Against Trump While Upholding Fraud Liability
Elon Musk tweeted, “Europe is dying”
Far-Right Activist Convicted of Incitement Changes Gender and Demands: "Send Me to a Women’s Prison" | The Storm in Germany
Hungary Criticizes Ukraine: "Violating Our Sovereignty"
Will this be the first country to return to negative interest rates?
Child-free hotels spark controversy
North Korea is where this 95-year-old wants to die. South Korea won’t let him go. Is this our ally or a human rights enemy?
Hong Kong Launches Regulatory Regime and Trials for HKD-Backed Stablecoins
China rehearses September 3 Victory Day parade as imagery points to ‘loyal wingman’ FH-97 family presence
Trump Called Viktor Orbán: "Why Are You Using the Veto"
×