Before Trump flexed the US air force to Putin yesterday, the crypto market began with huge optimism, with Bitcoin floating at the $120,000 area.
Following it, crypto experienced mixed sentiments. Bitcoin recorded an all-time high(ATH)of $124k, with Ethereum flying just 3% shy of its ATH, which was then followed by 5-6% dips across the whole market.
Underlying tensions from geopolitical talks and regulatory shifts have resurfaced, turning the narrative and sentiment upside down. Crypto-related dramas unfolded rapidly, starting with the Trump-Putin summit in Alaska, which resulted in nothing for the Ukraine deal.
The no-peace deal has stalled the potential of peace rallies. Although it has led to minor dips in Ethereum and Solana, a huge PPI numbers has sent crypto to a local bottom just 2 days before.
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This week, a major hack revelation involving North Korean groups exposed crypto security, causing a 10% drop in privacy coins like Monero. The hack forced exchanges to tighten protocols, which triggered a $200 million liquidation.
Alameda Research also comes with a $38 million Solana unlock. This, of course, contributes to the SOL dip below $200. The unlock has also caused fear from an FTX black swan event, causing a 7% pullback in altcoin volumes.
The interesting one was the news that the Ethereum Foundation sold 2,795 ETH. The sell happened amid record-breaking ETF inflows, sending ETH testing $4,500 support.
The next crypto news comes from Trump and his World Liberty Financial wallet. As per Arkham, WLFI has scooped up $18.6 million in WBTC and ETH, showing the US president’s trust in crypto.
Hotter-than-expected US PPI data at 3.3% have probably been the biggest reason for the crypto sell-off. The fear of inflation, which can reduce rate-cut odds, has led to a $1 billion long liquidation.
HOLY CRAP!
This is Really bad for Inflation:
The US PPI numbers are out and they're MUCH higher than expected! Headline PPI YoY: 3.3% (exp 2.5%, prev 2.3%).
Now let me explain why this is so terrible for inflation.
PPI = Producer Price Index. It's basically the wholesale… pic.twitter.com/82tinn8qnz
— Brian Krassenstein (@krassenstein) August 14, 2025
However, the Fed’s decision to scrap its bank-crypto program has emerged as a bullish counterpoint, boosting sentiment late in the week. This deregulation encouraged institutional entries.
Coinbase with its $60 billion Deribit acquisition is another bullish counterpoint. Likely from the news, XRP surged 27% .
Crypto could be dipping, but Bitcoin is closer to ATH than to $100K.
BTC Dominance has slipped below 60%, ETH has record-breaking ETF inflows, and the whole crypto market has a $4 trillion market cap. The US, with Trump, and nations like El Salvador, with Bukele, are bringing optimism for the future of crypto.
So, what is the best crypto to buy during this weekend?
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HYPE to Break New ATH Soon? Best Crypto to Buy Today?
HYPE token is a crypto wild card, and it could be the best crypto to buy today.
With its steady performance, it has been taking every storm like a breeze. Hyperliquid is probably the first and only player in true decentralized perpetual futures.
The DEX platform combines fast execution and low costs. Although it’s a decentralized platform, it gives users a fast order with just a click without the need to sign in for every trade.
HYPE, as the native crypto, benefits directly from platform activity, especially with the ever-growing HYPE vault on every trade.
(HYPEUSD)
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