![[LIVE]BTC’s Post-Peak Bull Snare, $12B BlackRock Investment Shakes ETH Supply: Top Digital currency To Purchase Now?](https://i2.wp.com/s.w.org/images/core/emoji/16.0.1/72x72/1f1f2-1f1fe.png?w=770&resize=770,470&ssl=1 "[LIVE]BTC’s Post-Peak Bull Snare, $12B BlackRock Investment Shakes ETH Supply: Top Digital currency To Purchase Now?")
[LIVE]BTC’s Post-Peak Bull Snare, $12B BlackRock Investment Shakes ETH Supply: Top Digital currency To Purchase Now?
BTC underwent notable fluctuations after hitting a fresh all-time peak. The price swiftly retraced, suggesting a potential bull trap, prompting many to wonder, what is the optimal crypto to invest in now? It seems probable that Bitcoin will endure a phase of sideways consolidation within the $116 to $124k band for some time.
After bulls pushed Bitcoin to a new high of $124.4k, strong selling pressure followed, ensnaring those who entered late. It has since reverted to the 118k range. Preserving this level is crucial for the bullish cycle to persist. A recovery from the 118k point would indicate that the uptrend trend is likely to go on.
On the four-hour chart, BTC’s recent movements illustrate a traditional market fluidity sweep. It surpassed its earlier all-time high, causing breakout purchases and triggering stop-loss orders, only to experience a sharp reversal.
(BTCUSD)
It subsequently followed up with a notable decline below the prior swing low.
At present, Bitcoin trades within the $116 to $124k range. Analysts expect price action to remain volatile unless a definite upward movement occurs.
Do you notice the current $BTC chart structure following the fourth halving? It’s progressing in a consistent straight line, distinct from the parabolic curves seen in the past. This is BlackRock and other institutions, using their algorithms, overseeing the price. Instead of parabolic moves… https://t.co/OJSa5xjFJb pic.twitter.com/CRPLFCfqLw
— RG8
Meanwhile, traders have targeted market fluidity pockets at both ends of the range.
EXPLORE: 9+ Top High-Risk, High-Reward Crypto to Buy in August 2025
What Insights Does The On-Chain Data Provide?
Binance’s seven-day average inflow is surging as we speak, reaching one of its highest levels in recent memory.
This metric measures the average volume of BTCs entering the exchange and has often coincided with preparations for selling, margin collateralization, or institutional portfolio adjustments.
The increase suggests a consistent influx of BTCs into Binance’s trade accounts from external wallets. Historically, such spikes, without adequate spot market demand, have triggered short-term selling pressure.
Moreover, Binance’s netflow has shifted to positive, meaning inflows are surpassing outflows.
Absent buyers to absorb the BTC, this imbalance might lead to short-term market fluctuation.
EXPLORE: The 12+ Hottest Crypto Presales to Consider Right Now
$12B BlackRock Investment Disturbs ETH Circulating supply, Is It Still The Best Crypto To Buy Now?
BlackRock has purchased over $12B worth of ETH in just a month, exceeding its Bitcoin acquisitions by more than 15 times during the same timeframe, indicating a robust institutional shift towards the leading alternative coin.
The iShares ETH Trust ETF (ETHA), managed by BlackRock and launched in 2024, has already amassed $15B in assets, showcasing its commitment to ETH’s long-term worth.
Thanks to its proof-of-stake framework and EIP-1559 burn mechanism, which permanently removes Ethereum from circulation, net issuance has plummeted to a ledger low in 2025.
From the 1-hour chart trend, ETH appears to have exited the downtrend zone. Considering it’s the weekend, there are two potential scenarios:
1. The price could start reversing direction and initiate an optimistic
2. The price may trade sideways, awaiting confirmation of the next trend pic.twitter.com/HoJ5C2RVFR— Nice Day Bray (@niceday0901) August 17, 2025
With BlackRock increasingly acquiring Ethereum, supply will certainly tighten further, diminishing available volume and causing price fluctuations.
Forecasts indicate that Ethereum could soar to $5000 to $7000 in 2025, propelled by institutional demand and restricted supply.
EXPLORE: Top New Cryptocurrencies to Invest in 2025
Monero Deposits Suspending After 51% Attack
Kraken has halted Monero deposits following reports that a single crypto mining pool, Qubic, has gained control of over 50% of the network’s hashing capability.
Qubic primarily centers on AI-related blockchain applications. Nonetheless, in this instance, the block rewards pool claimed it reorganised six blocks on the Monero chain after a month-long effort to dominate its mining environment.
They don’t refer to Monero as the most battle-tested crypto token for no reason.
The fact it has withstood more than any other coin is intrinsic value. Precisely what a digital monetary platform should accomplish.
Monero will continue to improve. pic.twitter.com/zKMLsVYBlg
— ᴜɴᴛʀᴀᴄᴇᴀʙʟᴇ (@DontTraceMeBruh) August 16, 2025
This level of dominance could potentially lead to double-spending and transaction censorship. However, the Monero developers have countered these claims.
According to them, a reorganisation does not necessarily signify a successful 51% attack. However, experts have cautioned that the pool’s dominance could enable it to rewrite the blockchain and obstruct rival miners.
This episode has ignited discussions online concerning the vulnerabilities of proof-of-work blockchains with concentrated crypto computational power.
The post [LIVE]BTC’s Post-High Bull Trap, $12B BlackRock Investment Disturbs ETH Supply: Best Crypto To Buy Now? appeared first on 99Bitcoins.
![[LIVE] Latest Cryptocurrency Updates, August 18 – Top Cryptos to Invest In as Bitcoin Dips 2% Revisiting $115K: LINK Rises and Qubic Aims for DOGE Following Monero](https://i2.wp.com/99bitcoins.com/wp-content/uploads/2025/04/Fatima99btc.jpg?w=770&resize=770,470&ssl=1 "[LIVE] Latest Cryptocurrency Updates, August 18 – Top Cryptos to Invest In as Bitcoin Dips 2% Revisiting $115K: LINK Rises and Qubic Aims for DOGE Following Monero")
