Table of Contents:
Crypto Market Correction: Why Bitcoin and Others Are Struggling
According to BTC-ECHO, the crypto market has taken a breather after recent gains driven by expectations of possible interest rate cuts in September. The total market capitalization dropped by 0.4 percent compared to the previous day. Bitcoin's price fell by 0.8 percent, slipping just below the 115,000 US dollar mark. Over the week, the leading cryptocurrency lost nearly three percent. In contrast, Ethereum showed a slight increase of one percent and remains close to its all-time high, set just below 4,900 US dollars on Friday. Compared to the previous week, Ether's price has risen by six percent.
Among the top 10 coins, Tron recorded the largest gain with a 1.4 percent increase, while Dogecoin suffered the biggest loss with a 2.5 percent drop. The speech by US Federal Reserve Chairman Jerome Powell in Jackson Hole was a significant event for the crypto market. The mere possibility of an imminent rate cut was interpreted as a signal for a potential long-term uptrend in the crypto space. However, analysis firm Santiment warned against excessive expectations, noting that mentions of keywords related to the Fed and rate cuts on social media have reached their highest level in eleven months. Santiment stated, "While optimism about a rate cut is fueling the market, social media data suggests caution is warranted." The sharp but brief spike in the Fear and Greed Index, which has now returned to neutral, may indicate that the interest rate decision is already priced in.
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| Asset | Daily Change | Weekly Change | Current Price |
|---|---|---|---|
| Bitcoin | -0.8% | -3% | Below 115,000 USD |
| Ethereum | +1% | +6% | Near 4,900 USD (ATH) |
| Tron | +1.4% | - | - |
| Dogecoin | -2.5% | - | - |
Summary: The crypto market is experiencing moderate corrections after recent gains, with Bitcoin and Dogecoin facing losses, while Ethereum and Tron show resilience. Social media sentiment suggests caution, as optimism about interest rate cuts may already be priced in. (Source: BTC-ECHO)
US Regulation and Retirement Market Open New Opportunities for Bitcoin
T-Online reports that the US crypto market has received a significant boost from two major developments. First, former US President Donald Trump signed the "Genius Act," the first clear regulatory framework for stablecoins. This regulation is seen as a trust-building measure, which is crucial in the crypto universe. Stablecoins, whose value is typically pegged to traditional currencies like the US dollar, are now playing a key role by combining the speed and programmability of blockchain with the reliability of fiat currencies.
In early August, Trump also opened the massive US retirement market (401(k)) to cryptocurrencies. According to Dirk Hess from nxtAssets, "around 90 million Americans park about 9 trillion dollars in the retirement market." This move could make Bitcoin attractive not only to traders and tech enthusiasts but also to the middle class. However, it remains to be seen whether the average American will choose Bitcoin as a retirement asset. Data from Bank of America shows that only nine percent of fund managers currently have exposure to cryptocurrencies, and usually in very small amounts. The opening of the retirement market could change this dynamic.
- Stablecoins gain regulatory clarity through the Genius Act
- US 401(k) retirement market (9 trillion USD, 90 million Americans) now open to crypto
- Only 9% of fund managers currently invest in crypto
Summary: New US regulations and the opening of the retirement market could provide significant momentum for Bitcoin and other cryptocurrencies, potentially attracting a broader investor base. (Source: T-Online)
Bitcoin: Digital Gold and Market Dynamics
Wallstreet Online highlights Bitcoin's recent performance, noting new record highs and continued market dominance. Bitcoin's deflationary design, with a maximum supply of 21 million coins, gives it a scarcity that is particularly attractive in times of increasing debt. As a result, Bitcoin is often referred to as "digital gold" and is classified as a commodity in many countries. Despite its popularity, the market is far from saturated, with only nine percent of fund managers having any crypto exposure, according to BofA-Research.
Ethereum has shown even more dynamic growth, evolving from a store of value to a decentralized operating system. Applications such as smart contracts, DeFi, NFTs, and DAOs are driving its adoption. The switch to Proof of Stake has improved Ethereum's energy efficiency by 99.9 percent, making it more appealing to ESG investors. Companies like Bitmine are expanding their Ether holdings, financed by stock sales worth up to 20 billion US dollars. Future ETF products may integrate staking, allowing investors to earn ongoing returns from the network without running their own infrastructure. Ethereum ETFs have recently seen record inflows.
"With new record highs and clear market dominance, Bitcoin remains the anchor of the entire crypto universe." (Wallstreet Online)
Summary: Bitcoin's scarcity and regulatory status as a commodity reinforce its role as digital gold, while Ethereum's technological advancements and ESG appeal are driving institutional interest. (Source: Wallstreet Online)
Bitcoin Payments at Spar Switzerland: Lower Fees and Competitive Pressure
The NZZ reports that Spar Switzerland now accepts cryptocurrencies in over one hundred of its stores, with plans for rapid expansion. The retailer is not motivated by technological enthusiasm but by significant cost savings: according to Spar, transaction fees are two-thirds lower than those charged by Twint or major card providers like Mastercard and Visa. This development is expected to put pressure on the high margins of traditional payment providers in the coming years, especially if other retailers such as Coop and Migros follow suit.
- Over 100 Spar stores in Switzerland accept crypto payments
- Transaction fees are two-thirds lower than Twint, Mastercard, or Visa
- Potential for increased competition and lower costs for consumers
Summary: Spar Switzerland's adoption of crypto payments demonstrates significant cost advantages and could drive broader adoption among retailers, increasing competition and reducing fees. (Source: NZZ)
Bitcoin as Inflation Protection: Long-Term Value Retention
FinanzNachrichten.de discusses the impact of inflation on savings and the potential of Bitcoin as a hedge. The official inflation target of the European Central Bank is two percent, but actual rates have sometimes reached 6.2 percent, with the most recent figure at 2.6 percent in December 2024 and currently at two percent. The article provides a table showing how the purchasing power of 100,000 euros diminishes over time at two and four percent inflation rates. After five years, the loss in purchasing power ranges from 10,000 to 18,000 euros; after ten years, it is 18,000 to 32,500 euros; after 25 years, 39,000 to 62,500 euros; and after 50 years, 63,000 to 86,000 euros.
For Bitcoin, several forecasts up to 2035 were averaged, projecting a price of 206,000 USD in 2025, 627,162 USD in 2030, and 776,667 USD in 2035. This implies an average annual growth rate of 20.8 percent over the next ten years. While this is lower than the 30 percent predicted by Michael Saylor, CEO of Strategy Inc., it would not only offset the loss of purchasing power but also provide an annual value increase of 18.8 percent.
| Year | Inflation Rate | Value of 100,000 EUR | Bitcoin Price Forecast (USD) |
|---|---|---|---|
| 2025 | - | - | 206,000 |
| 2030 | - | - | 627,162 |
| 2035 | - | - | 776,667 |
Summary: Bitcoin is presented as a potential hedge against inflation, with forecasts suggesting significant long-term value appreciation compared to the declining purchasing power of fiat currencies. (Source: FinanzNachrichten.de)
Current Price Movements: Bitcoin, Ethereum, and Other Cryptos
Finanzen.net provides an update on the latest price movements in the crypto market. As of 12:25, Bitcoin decreased by 0.59 percent to 114,698.69 US dollars, down from 115,374.21 US dollars the previous day. The finanzen.net Top 10 Crypto-ETP1, which bundles the ten largest cryptocurrencies, recorded a daily gain of 5.3 percent and has achieved a performance of 79.0 percent since its launch on September 24, 2024. Litecoin fell by 1.65 percent to 119.32 US dollars, while Ethereum dropped by 0.44 percent to 4,752.88 US dollars. Bitcoin Cash rose by 0.48 percent to 593.80 US dollars, and Ripple declined by 1.00 percent to 3.016 US dollars. Dash decreased by 2.91 percent to 22.57 US dollars, while Monero increased by 1.14 percent to 269.12 US dollars.
| Cryptocurrency | Current Price (USD) | Daily Change (%) | Previous Day Price (USD) |
|---|---|---|---|
| Bitcoin | 114,698.69 | -0.59 | 115,374.21 |
| Ethereum | 4,752.88 | -0.44 | 4,773.95 |
| Litecoin | 119.32 | -1.65 | 121.32 |
| Bitcoin Cash | 593.80 | +0.48 | 590.99 |
| Ripple | 3.016 | -1.00 | 3.046 |
| Dash | 22.57 | -2.91 | 23.25 |
| Monero | 269.12 | +1.14 | - |
Summary: The crypto market is experiencing mixed movements, with Bitcoin and Ethereum slightly down, while Bitcoin Cash and Monero show gains. The Top 10 Crypto-ETP1 continues to perform strongly. (Source: Finanzen.net)
Sources:
- "Vorsicht geboten": Krypto-Markt korrigiert – warum Bitcoin und Co. straucheln
- Krypto-Weckruf: US-Altersvorsorge und neuer Trump-Plan setzen Bitcoin unter Dampf
- Bitcoin macht einfach reich
- Bitcoin bei Spar Schweiz: Zur Nachahmung empfohlen
- Bitcoin schützt Sie vor der Inflation: Das wären 100.000 EUR in Zukunft wert!
- So bewegen sich Bitcoin & Co. heute
