Bitcoin in crisis or boom Where does the market go? Look at our news summary

The week in the Bitcoin ecosystem (BTC) and cryptocurrencies felt like a battlefield. On the one hand, a bleeding of 400 million dollars in adjacent trailers after an abrupt fall of Bitcoin; on the other, signs of a structural strength that refuses to give in. In the midst of chaos, the question is, are we facing a fatal setback or a necessary purification before the next great impulse?

For analysts like Willy Woo, turbulence in the Bitcoin market is just noise. «Bitcoin is in excellent way to continue going up,» he said, arguing that the upward cycle is far from finishing. The key, according to Woo, is not at the daily price, but in the underlying liquidity of the marketwhich, he says, remains robust and ready to support a new rise.

This technical optimism found an unexpected ally in macroeconomics. A speech by Jerome Powell, president of the Fed, in Jackson Hole, was enough to shoot the price of BTC. Without promising rate cuts, Powell showed that the Federal Reserve could make its position more flexible if the economy requires it. The market read it as a sign of a potentially cheaper money environment, where risk assets like Bitcoin shine again. The fall was a blow, but the fundamental structure and the macro environment seem to align for recovery.

Meanwhile, Ethereum operated on a quieter plane, without breaking its own historical maximum. Although we must not confuse the lack of euphoria around the price with a lack of interest. On the contrary. Institutional investment in ETH follows at a relentless rate. The data show that 5 out of 100 Ether in circulation are already in the hands of the ETFs, a clear sign of accumulation by large capitals.

Not all action occurs in price graphics. In the trenches of the network security a crucial battle is fought. The Monero Network (XMR) suffered a new attack, with the rewriting of 8 blocks, a blow to its integrity that has mobilized its community to undermine in solidarity. At the same time, the Qubic mining pool threatens to launch 51% attacks to other Proof-Off-work networks, with Dogecoin in the sight.

The advancement of cryptocurrencies at technological and adoption level is so undeniable, that traditional financial institutions can no longer look the other way. Swift, the interbank messaging giant, announced that will recognize operations with cryptocurrencies and price oracles in its new standarda historical step that validates technology.

In Latin America, adoption advances by leaps and bounds. Argentina enabled the tokenization of more negotiable values, integrating digital assets into its capital market. The Government of the City of Buenos Aires launched four measures to position itself as a «cryptocurrency leader.» And in Brazil, Bitcoin advances towards possible approval as a national strategic reserve.

If you missed some of the most relevant news of the week, do not worry, we also collect them with our informative menu.