Bitcoin Drops Below $117,000, As Altcoins Gears Up For A September Rally
Bitcoin has retraced below $117,000 after reaching an all-time high last week, signaling a pause in upward momentum and growing caution among investors.

Bitcoin has retraced below $117,000 after reaching an all-time high last week, signaling a pause in upward momentum and growing caution among investors.
Dutch cryptocurrency company Amdax is preparing to launch one of Europe’s most ambitious Bitcoin strategies yet: creating a dedicated Bitcoin treasury firm, seeking a listing on Amsterdam’s Euronext, and ultimately aiming to acquire 1% of the total Bitcoin supply.
The SEC has delayed decisions on several crypto ETFs, including Bitcoin, Ethereum, Solana, XRP, Litecoin, and Dogecoin, pushing most deadlines into October. Regulators are working on new listing standards that could allow faster approvals of altcoin ETFs once rules are finalised.
Taiwan’s WiseLink led a $10 million funding round for Nasdaq-listed Top Win International, helping the company buy Bitcoin and expand into digital assets. The deal makes WiseLink the first public Taiwanese firm to back a Bitcoin treasury strategy and aims to combine crypto holdings with cross-border business operations.
Citigroup plans to offer custody services for assets backing stablecoins and cryptocurrency ETFs, aiming to meet new US rules. The bank is also developing stablecoin payment solutions for faster cross-border transactions.
Metaplanet bought 518 more bitcoins for about $61.4 million, bringing its total holdings to 18,113 BTC. The company uses creative financing methods to keep buying and aims to hold 210,000 BTC by 2027.
Ethereum co-founder Vitalik Buterin’s on-chain portfolio has surged past the $1 billion mark, fueled by Ether’s recent price rally, according to blockchain intelligence firm Arkham.
Blue Origin now accepts Bitcoin, Ethereum, Solana, and stablecoins for booking space flights through a partnership with Shift4. This move aims to make high-cost space tourism payments easier for digital asset holders using popular crypto wallets.
El Salvador has just approved it new Investment Banking Law, which allows investment banks to not only hold Bitcoin and other digital assets but also to offer full crypto services, but only to "sophisticated investors."
Harvard Management Company purchased around $117 million in BlackRock’s Bitcoin ETF as part of its public portfolio. This investment highlights increased institutional involvement in regulated cryptocurrency funds.
Although YangDAO’s history is short, it is the first time in the history of the crypto community that it has publicly and collectively attempted to participate in American politics.
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Bitwala re-establishes itself in the cryptocurrency sector through a collaboration with Striga, enhancing its European crypto banking services.
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Pro-Russian groups are raising funds in cryptocurrency to prop up paramilitary operations and evade U.S. sanctions as the war with Ukraine wages on.
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