Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Crypto News Today: Bitcoin, Ethereum, and White House Shake-Up

Crypto News Today: Bitcoin, Ethereum, and White House Shake-Up

CryptotickerCryptoticker2025/08/10 19:10
By:Cryptoticker

The $crypto market is seeing renewed volatility as $Bitcoin rebounds above $118,000 and $Ethereum holds near $4,200 after recent highs. In a political twist, Bo Hines, White House crypto adviser to President Donald Trump, has announced his resignation — a move that could shift the administration’s digital asset policy.

Bitcoin Holds Above $118K

After dipping to $112,600 earlier this week, Bitcoin ($ BTC ) has bounced back, currently trading just above $118,000. The recovery follows a consolidation phase and renewed buying interest near major support levels. Analysts suggest the next hurdle lies at $120,000, where strong resistance could decide the next market direction.

BTC/USD 4-hours chart - TradingView

Ethereum Corrects After Breaking $4,300

Ethereum ($ ETH ) briefly broke the $4,300 level, signaling strong bullish momentum, before a minor pullback brought it to around $4,200. While the correction is seen as healthy, traders are closely watching whether $4,000 holds as a key support in the coming days. A sustained bounce from this level could set up a push toward $5,000.

Crypto News Today: Bitcoin, Ethereum, and White House Shake-Up image 0

ETH/USD 4-hours chart - TradingView

White House Adviser Bo Hines Steps Down

Bo Hines, who chaired the Council of Advisers on Digital Assets under the Trump administration, confirmed his departure on Saturday, saying he will return to the private sector. Late last month, Hines led a cryptocurrency working group that outlined the administration’s stance on digital asset regulation, urging the SEC to draft specific rules for the sector. His resignation raises questions about continuity in U.S. crypto policy.

Crypto Market Outlook

The market remains cautiously bullish, with Bitcoin, Ethereum, and several altcoins holding above key support zones. However, political developments and macroeconomic conditions could spark volatility ahead. Traders are advised to monitor both price action and policy headlines closely.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

The article analyzes the TGE performance of multiple blockchain projects, evaluating project performance using three dimensions: current price versus all-time high, time span, and liquidity-to-market cap ratio. Projects are then categorized into five grades: S, A, B, C, and D. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

MarsBit2025/11/28 16:26
2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

Russian households have invested 3.7 billion rubles in cryptocurrency derivatives, mainly dominated by a few large players. INTERPOL has listed cryptocurrency fraud as a global threat. Malicious Chrome extensions are stealing Solana funds. The UK has proposed new tax regulations for DeFi. Bitcoin surpasses $91,000. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.

MarsBit2025/11/28 16:26
Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

How much is ETH really worth? Hashed provides 10 different valuation methods in one go

After taking a weighted average, the fair price of ETH exceeds $4,700.

ForesightNews 速递2025/11/28 15:05
How much is ETH really worth? Hashed provides 10 different valuation methods in one go

Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost

People tend to overestimate what can happen in two years, but underestimate what can happen in ten years.

深潮2025/11/28 14:53
Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost