CryptoNewsToday

Monday, September 8, 2025

Filecoin Shows Steady Growth Backed by High Volume

The token is trading at $2.44, with support in the $2.38–$2.39 zone and resistance at $2.46, according to CD Analytics.

By snow Canny | Edited by Umair. Sep 8, 2025, 11:23 p.m.

Filecoin Shows Steady Uptrend with Strong Trading Support

What to Know:

Filecoin gained 3% during the latest crypto market rally.

Solid support has formed between $2.38 and $2.39.

The token faces resistance at $2.46.

Filecoin (FIL), now trading at $2.44, showed strong upward momentum over the past 24 hours, moving up from $2.38, according to CoinDesk Research’s technical analysis.

The analysis highlighted that Filecoin built solid support in the $2.38–$2.39 range, backed by strong trading volume. This became especially clear at 6:00 AM ET, when transaction volume spiked to 7 million units. That was far above the average of 2.35 million for the session. The surge in activity matched a sharp rebound from the $2.398 level, showing that buyers stepped in heavily at that price. Together, the price rebound and high trading volume point to continuing bullish momentum for Filecoin.

The model showed that Filecoin met strong resistance near $2.46. At this price level, the market faced clear rejection, even during the same period of heavy trading activity. This created a clear technical barrier for the session, suggesting that $2.46 is the level traders will need to break for the next upward move.

Filecoin announced on X that it will host a Spaces discussion tomorrow focused on the future of artificial intelligence (AI). The event aims to highlight how blockchain and AI could work together in the coming years.

In recent trading, Filecoin’s token (FIL) rose 2.8% over the past 24 hours, reaching around $2.44. The gains came as part of a broader market rally. The CoinDesk 20 index, which tracks the performance of the largest digital assets, was up 2.7% during the same period, showing overall strength across the crypto sector.

Technical Analysis

Filecoin (FIL) moved strongly from $2.38 to $2.44 in the past 24 hours.

Solid support was found between $2.38 and $2.39, confirmed by heavy trading activity. This was most visible around 6:00 AM ET, when volume jumped to 7 million units.

Trading volume far exceeded the 24-hour average of 2.35 million units, matching a strong rebound from $2.40.

Resistance formed near $2.46, where the price was rejected during the same high-volume period, marking a clear ceiling for the session.

Continued upward movement, backed by above-average trading volume, points to possible institutional buying.

Do you want me to also create a short chart-style summary (support, resistance, trend) for quick reading?

Disclaimer: Some parts of this article were created with the help of AI tools and then carefully reviewed by our editorial team to make sure the information is accurate and meets our standards. For more details, please read CoinDesk’s full AI Policy.

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Saturday, September 6, 2025

Recession Concerns Trigger $952M Outflow from Ether ETFs

Even though money flowed out of Ether ETFs, the price of ether

still went up by more than 16% over the past month. One reason for this rise was the approval of the GENIUS Act, which boosted investor confidence. BY Francisco Markobobio ! Edit By Umair

Sep 7, 2025, 12:32 a.m.

(Cedrik Wesche/Unsplash)

What to know:

Spot ether ETFs recorded their fifth straight day of withdrawals, with a total of $952 million leaving during this period. This trend is the opposite of spot bitcoin ETFs, which gained $246.4 million in net inflows over the past week. Even with investors pulling money out, the price of ether still climbed more than 16% in the past month. A key reason for this rise was the approval of the GENIUS Act, which gave traders and investors more confidence in ether’s long-term potential.

Spot ether exchange-traded funds (ETFs) saw money leave for the fifth day in a row this week, with total outflows reaching $952 million. Of that, more than $787 million was withdrawn during just four trading days. This comes after a very strong August, when spot ether ETFs brought in a record $3.87 billion. At the same time, bitcoin ETFs faced net outflows of $751 million, according to data from SoSoValue. The quick shift from large inflows to heavy withdrawals shows how investor sentiment toward ether has changed sharply in just a few weeks.

Friday saw the biggest drop, with $446.71 million pulled out of ETH-linked funds in a single day. In contrast, spot bitcoin ETFs showed strength, bringing in $246.4 million in net inflows over the past week. This difference is striking because bitcoin ETFs had faced $751.1 million in outflows just last month.

Ether’s price has risen more than 16% over the past month, although it fell 1.8% in the last week and now trades just under $4,300. The recent gains are linked to the GENIUS Act becoming law. The new rules limit stablecoin issuers from paying interest and offer clearer regulations, which may encourage larger institutions to invest in cryptocurrencies like ether.

Cardano’s Bearish Retail Crowd Hands Whales a Buying Opportunity Last time Buy

The negative mood happened at the same time as a , showing that may have actually caused the market to hit a short-term bottom. By.Jackson Edit By Umair.B sep,06,09, 8:30am

(foco44/Pixabay)What to know:

Cardano’s retail investors have recently turned more negative. The ratio of positive to negative comments is now just 1.5 to 1, which is the weakest level in the last five months. Interestingly, ADA’s price rose by 5% at the same time sentiment dropped. This suggests that frustrated traders who sold their tokens may have helped create a short-term bottom for the market. Analysts believe this kind of situation can attract “whales,” or large investors, who often buy when smaller traders are feeling pessimistic. Similar patterns have been seen before in other cryptocurrencies, where big players take advantage of weak retail sentiment to increase their holdings and prepare for the next potential rally.

Cardano’s small investors have turned negative after weeks of price drops, creating a situation where big investors, or whales, might step in. According to data from Santiment, the ratio of positive to negative comments about ADA fell to 1.5 to 1 this week — the weakest level in five months. At the same time, ADA’s price actually went up by 5%. This shows that many traders sold out of frustration, and their selling may have helped form a short-term bottom. Analysts think this could be a point where whales begin buying while retail traders stay cautious.

In the past, Cardano (ADA) rallies often started when small investors were most negative. Santiment pointed out a similar pattern in mid-August, when the bullish-to-bearish comment ratio was just 2 to 1. At that time, ADA’s price began to climb soon after. On the other hand, when sentiment becomes too positive, the opposite usually happens. For example, earlier this summer the ratio jumped to 12.8 to 1, showing extreme optimism. Soon after, ADA faced a sharp pullback. This suggests that very weak or very strong retail sentiment can often signal turning points in Cardano’s price.

(Santiment)

Sentiment extremes matter because crypto markets are unusually sensitive to retail psychology. When optimism peaks, the crowd often buys into tops. When pessimism sets in, larger players use the selling pressure to accumulate. That pattern has been visible across multiple assets this year, including bitcoin and XRP.

For Cardano, the current weakness may give whales — large investors — a chance to buy more, especially if small traders keep selling in fear. This kind of difference between crowd sentiment and price action has often been a reliable short-term signal in crypto. When retail traders panic and sell, prices can form a bottom, giving patient investors an opportunity to enter at lower levels. Right now, ADA’s impatient traders may have created that moment. Longer-term investors could see this as a good entry point, while retail sellers might end up missing the next potential rally.

Ethereum Falls, Pulling Crypto Prices Down After Early Gains

On Friday, weak increased chances of a soon rate cut. This gave crypto markets a short boost, but it did not last long.

Crypto prices plunge (Eva Blue/Unsplash)

What to know:

On Friday morning in the U.S., crypto markets dropped quickly even though new job data from August pointed to weaker employment growth. Normally, weak job numbers mean the economy is slowing, which increases chances that the Federal Reserve will cut interest rates to support growth. Lower interest rates are usually good news for risky assets like Bitcoin and Ethereum because they make borrowing cheaper and push investors toward higher-return assets.

At first, the August jobs report created hope in the market that the Fed would act faster with rate cuts. Traders believed this could help the crypto market recover. But instead of holding gains, prices turned down quickly. Ethereum led the drop, falling sharply within minutes, while Bitcoin also slipped but at a slower pace. The move showed that even with expectations of easier Fed policy, investors are still cautious and quick to sell during uncertain times.

At first, the news that the U.S. added only 22,000 jobs last month made all markets — crypto, stocks, bonds, and gold — move higher. Investors expected the Federal Reserve to cut interest rates by 25 or even 50 basis points in September.

But after the stock market opened, things quickly changed. Ethereum (ETH) led the fall, dropping nearly 4% in just minutes. Over the past 24 hours, ETH is still down about 1.5% at \$4,279. Solana (SOL) at \$202.95 and XRP at \$2.82 also fell by similar percentages. Bitcoin (BTC) performed a little better, falling about 2.5%. Still, it stayed slightly higher for the past day, trading near \$110,500.

This shows that while weak job growth first lifted hopes for rate cuts, the crypto market could not hold onto gains and turned lower with other markets.

U.S. stocks lost their early gains, with the Nasdaq now down 0.6% and the S\&P 500 down 0.7%. Gold is still attracting investors. After touching a record high of \$3,654 on the jobs news, it slipped slightly but is still up 0.9% for the day.

Heather Long, chief economist at Navy Federal, wrote on X: “There’s been almost no job growth in the last 4 months. The Federal Reserve must cut rates in September, and maybe again in October.”

Traders at the Chicago Mercantile Exchange (CME) also changed their view on the Fed’s next move. Before the jobs report, they were almost certain of a 25-point rate cut. Now, chances are 86% for a 25-point cut and 14% for a bigger 50-point cut.

President Trump also commented on Truth Social, saying Fed Chair Jerome Powell should have cut rates earlier, calling him “too late” once again.

Olu Sonola, Head of U.S. Economic Research at Fitch Ratings, said the warning signs in the job market are getting stronger. He explained that the latest weak jobs report almost guarantees that the Federal Reserve will cut interest rates by 25 basis points later this month. According to him, the Fed will now focus more on protecting jobs and keeping the labor market stable rather than only fighting inflation.

Sonola also pointed out that inflation is moving further away from the Fed’s 2% target, but the bigger concern right now is job growth. He noted that U.S. manufacturing has seen job losses for four months in a row, which is an unusual and troubling trend. In his view, one major reason for this weakness is the uncertainty caused by tariffs and trade tensions. These factors make businesses hesitant to invest or hire, adding more pressure to the economy.

Crypto-related stocks kept falling this week. Coinbase (COIN) dropped 4%, Circle (CRLC) fell 7.5%, Strategy (MSTR) slipped 1.5%, and MARA Holdings (MARA) lost 3.2%.

Companies holding large amounts of Ethereum also declined. Bitmine Immersion (BMNR) went down 5.4%, and Sharplink Gaming (SBET) fell 6%.

Friday, August 29, 2025

Bitcoin price today: dips to $109k on firm inflation data; set for monthly drop

Investing.com-- Bitcoin fell to around $109,000 on Friday following key U.S. inflation data, though the markets continue to expect a Federal Reserve interest rate cut next month, while worries around the central bank’s independence persist

As of 10:06 ET (14:06 GMT), the world’s largest cryptocurrency last traded 3.8% lower at $109,070.0
It fell to a seven-week low below $109,000 earlier this week, but has rebounded slightly after that.
Still, Bitcoin has fallen more than 10% from an August record peak above $124,000, and was set for its first monthly drop since April.

The token is poised to fall about 6% in August, after four consecutive monthly gains.
Core PCE inflation hits highest level since FebruaryU.S. inflation picked up in July, with the Fed’s preferred gauge showing tariffs are filtering through the economy.
The Commerce Department said Friday that the core personal consumption expenditures (PCE) index, which strips out food and energy, rose at a 2.9% annual rate, the highest since February and up slightly from June.
On a monthly basis, core prices climbed 0.3%, while the broader index increased 0.2% for a 2.6% yearly gain—both in line with forecasts.
The Fed views core PCE as the best guide to underlying inflation.

Markets still expect policymakers to cut rates again at their meeting next month. Fed Governor Christopher Waller signaled Thursday he would consider a larger reduction if labor data weaken further.Rate cut optimism generally boosts speculative assets like crypto, but President Donald Trump’s attempted firing of Fed Governor Lisa Cook earlier this week dampened risk appetite.
Cook refused to resign and filed a lawsuit challenging the move, saying her removal would undermine the Fed’s independence. The rare clash has unsettled investors wary of political influence over monetary policy.

Bitcoin often comes under pressure during periods of heightened macroeconomic and political uncertainty, despite being promoted by some investors as a hedge.
Trump sons-backed American Bitcoin set for Nasdaq debut in SeptAmerican Bitcoin, a bitcoin mining company backed by Donald Trump’s sons Eric and Donald Jr., aims to start trading on Nasdaq in early September 2025 via a reverse merger with Gryphon Digital Mining, according to a Reuters report.
Trump sons and the firm’s largest investor, Hut 8, collectively control about 98% of the firm, the report said.
Crypto price today: altcoins fall in tandem with BitcoinAltcoins were largely down on Friday, tracking the declines in the world’s largest cryptocurrency.
World no.2 crypto Ethereum fell over 6% to $4,292.43.

World no. 3 crypto XRP declined 5.5% to $2.84.
Solana lost 1.4% to $208.61
Cardano fell over 5%, while Polygon traded marginally higher.
Among meme tokens, Dogecoin slid 4.4%, while $TRUMP slipped 3%.
(Ayushman Ojha contributed to this report.)
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$952M Ether ETFs

Bitcoin price today

Cardano’s Bearish Retail

Ethereum Falls

Filecoin grouth heavy bullish

CryptoNewsToday

Monday, September 8, 2025

Filecoin Shows Steady Growth Backed by High Volume

Saturday, September 6, 2025

Recession Concerns Trigger $952M Outflow from Ether ETFs

Cardano’s Bearish Retail Crowd Hands Whales a Buying Opportunity Last time Buy

Ethereum Falls, Pulling Crypto Prices Down After Early Gains

Friday, August 29, 2025

Bitcoin price today: dips to $109k on firm inflation data; set for monthly drop

Filecoin Shows Steady Growth Backed by High Volume

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