Crypto News

The post Ripple Provides $300 million Credit Line to SWLMiner Ahead of IPO appeared on BitcoinEthereumNews.com. SWL Miner, , has secured a $300 million credit line from Ripple as it moves closer to its Initial Public Offering (IPO). The company revealed the deal in its  FCA filing on August 15, giving investors insight into its financial preparations. The filing also notes that once borrowing exceeds $300 million, SWL Miner can use Ripple’s dollar-backed stablecoin, RLUSD, for repayment.   Analysts think the partnership could help RLUSD get noticed more while also showing investors that SWL Miner has extra funds to fall back on. With Ripple providing SWLMiner with a $300 million line of credit ahead of its initial public offering (IPO), SWLMiner is thriving, helping investors turn XRP into a steady daily income — without any mining equipment or technical skills. SWLMiner is a green cloud mining platform registered in the U.K., running over 100 farms powered entirely by renewable energy worldwide. Using smart AI technology, SWLMine makes it easy to turn cryptocurrencies like XRP, BTC, ETH, and USDT into steady mining profits with very little effort. How It Works Sample Mining Contracts BTC Basic Plan [Trial] – $100 for 2 days / Total return: $106 LTC Classic Plan – $5,000 for 24 days / Total return: $6,716 BTC Advanced Plan – $50,000 for 45 days / Total return: $89,375 BTC Super Plan – $300,000 for 47 days / Total return: $567,900 Why SWL Miner? Beginner-Friendly – No hardware required, just sign up and start. Flexible Options – Multiple plans for every budget and timeline. Eco-Friendly – 100% powered by solar, hydro, and wind energy. Secure & Reliable – Enterprise-grade encryption and wallet protection. Daily Payouts – Earnings every 24 hours, withdraw or reinvest anytime. Risk-Free Start – Enjoy $15 in free mining credits as a new user. The Bigger Picture Ripple and its support for the stablecoin…

The post Why did Bitcoin, Ethereum, and Other Altcoins Crash? appeared on BitcoinEthereumNews.com. Crypto Crash Today: Widespread Sell-Off The crypto market has entered another sharp correction, with nearly every major coin trading deep in the red. Bitcoin’s retreat below $114K has rattled investors, while Ethereum and leading altcoins face double-digit weekly losses. High trading volumes show that liquidation pressure is still intense, reflecting a fragile market environment. Total crypto market cap in USD – TradingView Crypto Prices Today: Latest Prices Snapshot Based on the latest market data (see chart): Bitcoin ($BTC): $113,587, down 1.72% daily and -5.59% weekly Ethereum ($ETH): $4,212, down 1.98% daily and -10.20% weekly $XRP: $2.89, down 4.10% daily and nearly -12% weekly $BNB: $831, down 1.60% daily Solana ($SOL): $180.96, down 10.07% weekly Cardano ($ADA): $0.85, down 8.38% daily and sliding further Top cryptos by market cap – coinmarketcap Stablecoins such as $USDT and $USDC remain anchored near $1, but high trading volumes show that capital is rotating out of risk assets and into safe havens. What’s Driving the Crypto Crash? The market downturn comes amid a mix of macroeconomic and crypto-specific pressures: Macroeconomics: Inflation in the EU remains steady at 2%, keeping central banks cautious on rate cuts. Global risk sentiment is weakening, hitting speculative markets hard. Technical Selling: After recent all-time highs, major cryptos are facing heavy profit-taking. Liquidity Crunch: Over-leveraged traders are facing liquidation, fueling the sell-off across multiple tokens. Crypto Prediction: What’s Next for Crypto? The market remains on shaky ground as Bitcoin struggles to stabilize above $113K. If the sell-off deepens, key levels to watch are $110K for BTC, $4,000 for ETH, and $0.80 for ADA. A rebound is possible if buyers step in at these support levels, but sentiment remains fragile. Short-term volatility is expected to stay elevated, with macroeconomic data and global monetary policy continuing to dictate the pace of the next…

The post Bitcoin Slips Below $115K on $961M Liquidations: Could BTC Dip to $110K Next? appeared on BitcoinEthereumNews.com. Bitcoin Slips Below $115K on $961M Liquidations: Could BTC Dip to $110K Next? | Bitcoinist.com Sign Up for Our Newsletter! For updates and exclusive offers enter your email. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/bitcoin-slips-below-115k-on-961m-liquidations-btc/

The post Bitcoin Price Wedge Pattern Points to a 46% Crash Ahead of Jackson Hole Speech appeared on BitcoinEthereumNews.com. Bitcoin price strong rally could be nearing its end as it slowly formed a highly bearish chart pattern on the daily chart timeframe. While it is not clear when the BTC crash will happen, the upcoming Jackson Hole speech by Jerome Powell may be a catalyst. Bitcoin Price Wedge Pattern is Ending The weekly timeframe suggests that the recent Bitcoin price surge is nearing its end. This chart shows that the Average Directional Index (ADX) has lost momentum at 28 and is moving sideways. An asset is said to be in a strong trend when this indicator is moving upwards.  Most importantly, the weekly chart shows that it has formed a rising wedge pattern. The upper side of this wedge is formed by connecting the highest swings since March last year. On the other hand, the lower trendline links the lower highs since August 2024.  The two lines are now nearing their confluence level as the spread between the two lines narrows. These meeting points then normally leads to a strong bearish breakout.  BTC price has also formed more bearish chart patterns. Oscillators like the Relative Strength Index (RSI) and the PPO have been forming a bearish patterns known as a divergence.  The chart shows that the RSI indicator peaked at 87.75 in March last year and has formed lower highs and lower lows. Similarly, the Percentage Price Oscillator has been in a slow downward trend.  Therefore, the combination of a rising wedge and the divergences means that the Bitcoin price may be on the cusp of a strong bearish breakdown. Such a move could push it below $100. In fact, the wedge pattern predicts a deeper dive than that. Measuring the distance in its widest part and then extrapolating the same one from the breakout point brings the target…

The post Miners lean on BTC price rise, manufacturing, HPC appeared on BitcoinEthereumNews.com. Homepage > News > Business > Miners lean on BTC price rise, manufacturing, HPC Block reward miners continue to struggle despite a BTC bull market, pushing them into the open arms of artificial intelligence (AI) and other high-performance computing (HPC) data center operations. A flurry of new Q2 earnings reports show many miners would be in deep doodoo without (a) the rise in the price of the BTC token, (b) diversification into HPC activities, and/or (c) their ability to sell ASIC (Application-Specific Integrated Circuit) mining rigs to their rivals. Bitdeer (NASDAQ: BTDR) saw its net loss soar to $147.7 million in the three months ending June 30, significantly worse than the $17.7 million loss in the same period last year. It bears noting that $108.5 million of this loss was non-cash fair value changes in its derivative liabilities. Bitdeer’s revenue rose 57% year-on-year to $155.6 million, driven by gains in self-mining revenue ($59.3 million, +44%) and external sales of its new SEALMINER mining rigs ($69.5 million). But the cost of revenue nearly doubled to $142.8 million due to higher electricity costs and depreciation of existing ASICs. Bitdeer has undergone a transformation over the past year as its cloud mining and hosting units experienced significant retrenchment due to expiring contracts and the company refocusing on self-mining. Hosting customers who were running older, less efficient rigs largely dropped out when block rewards were cut in half by the April 2024 halving event. But Bitdeer’s future looks bright, as July’s self-mining production was up 39% from June to 282 BTC, as hashrate spiked nearly six points to 22.3 EH/s, and the number of self-owned rigs in action rose by 13,000 to 127,000. Bitdeer ended July with a BTC treasury of 1,667 tokens, 165 more than June’s total. Singapore-based BitFuFu (NASDAQ: FUFU) saw its…

The post Bitcoin set for a ‘full flush’ towards $100,000; What’s next? appeared on BitcoinEthereumNews.com. Bitcoin (BTC) is showing signs of weakness after failing to break through critical resistance levels, but an analyst is suggesting the current bearish momentum may be short-lived, though investors should brace for more near-term losses. According to analysis by Master Ananda in a TradingView post on August 20, Bitcoin’s inability to move past the $122,524 resistance level has triggered a double-top bearish signal, pointing to the likelihood of a deeper correction in the short term. Bitcoin price analysis chart. Source: TradingView The next key level to watch is the 1.618 Fibonacci extension at $102,077, which Ananda identified as the main support target, with the possibility of a further drop toward $100,000. While $112,000 has provided temporary support, the analyst believes it is unlikely to hold given the current long-term chart structure. The correction, however, is expected to last only a few more days before Bitcoin finds its footing. Altcoins, which typically mirror BTC’s volatility, may also face short-term turbulence but are projected to recover quickly. Despite the pullback, Ananda stressed that the broader crypto bull market remains intact. “A drop toward $100,000 (above) would mean a full flush for Bitcoin and the doors opening for a new major wave of growth. Make no mistake, the current move is running its course. Bitcoin is likely to drop only for a few more days. Settle the low, recover long-term. The altcoins will shake but will also recover in a matter of days. This is a momentary event, Crypto will continue to grow. The bull market is not over. The best is yet to come,” teh analysts said.  Retail investors in panic  Still, investor sentiment has turned increasingly bearish. Data from Santiment shows the ongoing Bitcoin correction has shifted retail traders’ enthusiasm into panic, pushing social sentiment to its lowest level since June…

Crypto Crash Today: Widespread Sell-OffThe crypto market has entered another sharp correction, with nearly every major coin trading deep in the red. Bitcoin’s retreat below $114K has rattled investors, while Ethereum and leading altcoins face double-digit weekly losses. High trading volumes show that liquidation pressure is still intense, reflecting a fragile market environment.Total crypto market cap in USD - TradingViewCrypto Prices Today: Latest Prices SnapshotBased on the latest market data (see chart):Bitcoin ($BTC): $113,587, down 1.72% daily and -5.59% weeklyEthereum ($ETH): $4,212, down 1.98% daily and -10.20% weekly$XRP: $2.89, down 4.10% daily and nearly -12% weekly$BNB: $831, down 1.60% dailySolana ($SOL): $180.96, down 10.07% weeklyCardano ($ADA): $0.85, down 8.38% daily and sliding furtherTop cryptos by market cap - coinmarketcapStablecoins such as $USDT and $USDC remain anchored near $1, but high trading volumes show that capital is rotating out of risk assets and into safe havens.What’s Driving the Crypto Crash?The market downturn comes amid a mix of macroeconomic and crypto-specific pressures:Macroeconomics: Inflation in the EU remains steady at 2%, keeping central banks cautious on rate cuts. Global risk sentiment is weakening, hitting speculative markets hard.Technical Selling: After recent all-time highs, major cryptos are facing heavy profit-taking.Liquidity Crunch: Over-leveraged traders are facing liquidation, fueling the sell-off across multiple tokens.Crypto Prediction: What’s Next for Crypto?The market remains on shaky ground as Bitcoin struggles to stabilize above $113K. If the sell-off deepens, key levels to watch are $110K for BTC, $4,000 for ETH, and $0.80 for ADA. A rebound is possible if buyers step in at these support levels, but sentiment remains fragile.Short-term volatility is expected to stay elevated, with macroeconomic data and global monetary policy continuing to dictate the pace of the next move.

BAY Miner has officially announced the launch of its compliant mobile cloud mining app, fully supporting Bitcoin (BTC), Ethereum (ETH), and XRP (XRP). By integrating cloud architecture with mobile technology, the app offers global investors a low-barrier, secure, and efficient way to participate in digital assets. Against the backdrop of the gradual implementation of regulatory frameworks such as the European MiCA Act and the US GENIUS Act, this launch not only strengthens BAY Miner’s leadership in compliance and security, but also marks a new phase in the mass adoption of digital assets.In recent years, the global cryptocurrency market has experienced significant growth and transformation. With BTC prices nearing all-time highs, Ethereum upgrades driving the expansion of decentralized applications (dapps), and XRP increasing its use in cross-border payments, participation from mainstream investors and institutions continues to rise. Furthermore, regulatory initiatives such as the European MiCA Act and the US GENIUS Act are accelerating the industry’s progress towards compliance and transparency. Against this backdrop, the launch of the BAY Miner mobile app provides investors with a secure and innovative platform that aligns with global regulatory trends.What Are the Main Highlights and Innovations of the Product?The key highlights and innovations of Bay Miner’s compliant mobile cloud mining app are as follows: Zero barriers to entry, no equipment required: Users can easily participate in mining mainstream digital assets such as BTC, ETH, and XRP using only their mobile phone, without having to purchase specialized hardware. This significantly lowers the barrier to entry and technical expertise. Seamless multi-asset switching: Supports multiple mainstream cryptocurrencies, allowing users to mine and manage multiple currencies in one place. Free and zero-cost experience: New users can try it out at no cost, with no upfront mining fees, improving promotion efficiency and user experience. International compliance assurance: The platform is regulated by regulatory authorities in multiple countries, ensuring asset security and legal compliance, enhancing trust and scalability. Smart profit distribution: An automated settlement system distributes mining profits daily, allowing users to receive real-time mining income without any interaction, achieving passive growth. Green energy-driven: Utilizing cloud computing power and green energy, it promotes environmentally friendly mining, in line with global sustainable development trends. Real-time, transparent data: A dashboard displays real-time computing power, market trends, and profit data, enhancing platform transparency and user control. Global coverage and multi-language support: Services cover over 180 countries and regions, with a multi-language interface, creating a global intelligent mining platform. How to Register and Start Using the Bay Miner Cloud Mining PlatformTo register and start using the Bay Miner cloud mining platform, follow these steps:1. Register a personal accountVisit the Bay Miner official website, enter basic information via email, set a login password, and complete the registration process.2. Select the mining currency and planSelect the digital asset you want to mine (such as BTC, ETH, or XRP) in the contract section and choose the appropriate mining plan or contract.3. Deposit or activate computing powerTo increase computing power or participate in more mining plans, deposit using supported cryptocurrencies (such as BTC, ETH, and USDT), and activate the relevant mining contracts.4. Start mining and manage earningsOnce you confirm your plan, you can start cloud mining. The platform automatically deposits mining earnings into your account daily. Users can view earnings, computing power, and asset changes at any time and withdraw to their personal wallets when conditions permit.Advantages of Cloud Mining ContractsCloud Mining Select Contracts typically offer users stable mining pool resources, intelligent risk management, and compliance assurances. The contracts on the BayMiner platform include Bitcoin Basic Plan, XRP Classic Plan, ETH Long-Term Plan, and BTC Advanced Plan.Click here for more contract details.A New Era of Cloud MiningThe launch of BAY Miner redefines the convenience and intelligence of digital asset mining. With the growing cryptocurrency market and the influx of professional and institutional investors, BAY Miner now allows everyday users to easily earn BTC, ETH, XRP, and other mainstream digital assets daily using just a smartphone, without any hardware requirements. The platform is compliant and secure, supporting global users, making passive income accessible to even beginners.Visit BAY Miner now and download the BAY Miner mobile app. Investing becomes simple, and the future is within reach.

Bitcoin’s resilience is once again being tested as traders eye the critical $110K level. While BTC has delivered steady gains over the past six months, recent slips highlight the possibility of a deeper pullback. A drop below $110K could reshape market dynamics, influencing sentiment across the broader crypto sector.  This article explores the key levels investors should watch, the potential scenarios that could play out, and which coins may be positioned to weather volatility and capture upside. Alongside market insights, we highlight how Outset PR equips crypto and blockchain projects with strategies to stand out in uncertain conditions. Bitcoin's Steady Stance with Potential for Growth Source: tradingview  Bitcoin's price is currently fluctuating between around $115k and $121k. It has been slightly slipping lately, showing a small drop over the past week and month. Despite this, Bitcoin has still managed a nearly 20% climb over the past six months. The coin is facing a nearby resistance level at $126k, with potential growth if it breaks through this barrier. On the flip side, its nearest support lies just above $112k, providing a cushion. If it surpasses the second resistance at $133k, Bitcoin may climb even higher, potentially gaining over 10% from its current range. Though the market shows mixed signals, Bitcoin's long-term trend hints at more growth ahead. Outset PR Crafts Communications Like a Workshop, Powered by Data Founded by renowned crypto PR expert Mike Ermolaev, Outset PR operates like a hands-on workshop, building every campaign with market fit in mind. Instead of offering random placements or templated packages, Outset PR carefully weaves a client’s story into the market context, showcasing what organic PR looks like: Media outlets are selected based on metrics like discoverability, domain authority, conversion rates, and viral potential Pitches are tailored to fit each platform’s voice and audience Timing is mapped to let the story unfold naturally and build trust organically Outset PR occupies a unique niche as the only data-driven agency with a boutique-level approach. Daily media analytics and trend monitoring power every decision, so campaigns align with market momentum. And the approach feels collaborative — it’s like turning to a trusted friend who happens to be an expert. Results-Oriented, Insight-Driven The agency is goal-oriented, so it pursues measurable results. They dive deep into each client’s aims, budget, and timelines to craft value-driven campaigns that resonate with the target audience. Outset PR fuses performance-level analytics with high-touch strategy. Besides logically verified organic PR the key strengths of Outset PR include: Market Dominance. Clients of Outset PR can gain recognition in the desired geo in merely a month.  Traffic Acquisition. Outset PR's proprietary system places branded content across high-discovery surfaces, combining editorial exposure with performance reach. This method consistently generates traffic volumes far beyond standard Google visibility. Tier-1 Pitching. The team helps its clients to craft tailored messages and select relevant angles to outreach directly to tier-1 journalists and editors. Strong media relationships and a focused pitching cycle open doors where it matters and increases chances of consistent coverage. Content Creation with Editorial Focus. Experienced writers with backgrounds in journalism, analytics, and sales content develop materials that hit both editorial and strategic targets. Targeted Media Outreach. Designed for early-stage projects, these campaigns boost search visibility by securing coverage in media that trigger syndication across major crypto newsfeeds — laying the groundwork for scalable or highly targeted PR efforts. Let Outset PR Tell Your Story With Verifiable Impact  Data-Led Campaigns Bring Results You Can Feel Outset PR drives growth and awareness for both startups and established names. Notable results include: Step App: Enhanced user engagement in the US and UK markets, which coincided with a 138% rise in the FITFI token’s value over the course of the campaign.  Choise.ai: Covered the massive business upgrade, highlighting the utility and value of their native CHO token. During the campaign, CHO rose by 28.5x, hitting its 10-month high. ChangeNOW: Achieved a 40% customer base increase via multi-layered PR efforts. StealthEX: Boosted the brand visibility which resulted in 26 prominent media features and numerous re-publications, achieving a total estimated reach of 3.62 billion individuals. If PR has ever felt like a black box, if it’s been unclear what results to expect and what you’re even paying for, Outset PR changes the equation. Its analytical model makes every step verified by performance insights. Its boutique approach ensures campaigns feel like they’ve been built inside your team. For crypto, blockchain, or AI enterprises that need clarity and velocity—this is what PR should feel like. Conclusion The $110K threshold has become a focal point for Bitcoin watchers, serving as both a psychological and technical marker for the market’s next move. While support remains nearby, a decisive breakdown could trigger wider ripples across crypto assets. At the same time, BTC’s long-term trajectory continues to show strength, underpinned by institutional interest and broader adoption trends. For projects navigating such shifting environments, Outset PR provides the clarity, data, and tailored strategies needed to transform uncertainty into opportunity. You can find more information about Outset PR here: Website: outsetpr.ioTelegram: t.me/outsetpr X: x.com/OutsetPR  Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

ADA and POL have dropped the most over the past day.