The cryptocurrency market is moving sideways this week. Bitcoin (BTC) is trading around $109,500, with weak volumes and whale sell-offs weighing on investor confidence. While critical support levels remain intact, stronger trading activity will be needed to spark upward momentum.
Ethereum (ETH) is holding near $4,350. Spot ETF inflows and institutional buying provide support, but recent sell-offs make it difficult to break through short-term resistance levels. However, strong accumulation and institutional demand continue to bolster Ethereum’s medium-term resilience.
Overall, the market maintains a neutral outlook. Institutional inflows are sending positive signals, but low volume and persistent selling pressure are capping price action.
$163M in Crypto Stolen in August Attacks:
Hackers executed 16 separate attacks, stealing a total of $163 million in digital assets. Phishing tactics were especially prevalent.
BitMine’s Massive Ethereum Purchase:
BitMine acquired 190,500 ETH, highlighting strong institutional demand and pointing to potential supply constraints.
Trump Media & Crypto.com Partnership:
Trump Media and Crypto.com announced a $1 billion SPAC deal to go public on Nasdaq, with the venture focusing on Cronos tokens.
Ethereum Fusaka Upgrade Progress:
Ethereum developers launched Devnet-5 for the Fusaka upgrade, with a mainnet transition planned for September–October 2025.