5 Crypto News Updates of the Week, Have You Read?

Jakarta, Pintu News – The cryptocurrency world continues to move fast with exciting news every week. From big coin price spikes to new project launches, this week has been filled with news that is not to be missed. Check out our roundup of the top 5 crypto updates that impacted the market!

Ethereum (ETH) Price Rises 3.92% to Break $4,200

On August 10, the ETH price opened in the range of around $4,150 and experienced several brief dips in early trading.

After that, there was a gradual upward trend from the afternoon until the early morning, where several green candlesticks showed quite strong bullish momentum. The daily price peak briefly broke slightly above $4,300 before undergoing a small correction towards noon.

At the time the data was taken, the ETH price was at $4,256, up 3.92% compared to the previous day. Market capitalization also increased 4.22% to $513.74 billion, with 24-hour trading volume jumping 25.64% to $49.58 billion.

Read the full news in the article Ethereum Breaks $4,200, Here are 3 Layer-2 Ethereum Projects Worth Monitoring

Indonesia Considers Bitcoin as National Reserve

The Indonesian government is exploring the possibility of making Bitcoin a national reserve asset. This information was conveyed by the Bitcoin Indonesia community after meeting with officials at the Vice President’s office to discuss the potential utilization of Bitcoin in driving economic growth.

Bitcoin Indonesia revealed through the X platform that they were invited to present how Bitcoin could benefit the national economy. One of the ideas presented was the use of Bitcoin mining as a national reserve strategy.

Read the full news in the article Indonesia Considers Bitcoin as a National Reserve, What’s the Plan?

Bitcoin Dominance (BTC.D) Nearly Breaks 60%

According to CCN (5/8), the Bitcoin Dominance (BTCD) chart has been steadily declining since reaching a cyclical peak of 66% on June 25, marking the deepest decline in the current market cycle. Optimism about the altcoin season faded between July 22 and August 2, when BTCD briefly bounced upwards.

This rise caused some concern, especially on August 2, when it looked as if Bitcoin’s dominance had managed to break the key resistance level at 62.50% again. However, that turned out to be a fakeout. BTCD went back down shortly after, confirming that the previous move was just a temporary aberration, not a real trend reversal.

Read the full news in the article Altcoin Season Comeback? Bitcoin dominance almost breaks 60%!

Rumor or Fact: Pi Network Will Become Open Source in September 2025

Claims about the Pi Network becoming open source began to spread widely after Shah Rah π, one of the Pi community moderators, uploaded a simple FAQ image on X. The image explained what the impact of this update would be for users.

Although this information is spreading fast among users, there has been no official confirmation from the Pi Core Team published on their official website or verified social media accounts.

Read the full news in the article Is it true that Pi Network will become open source next month?

Altcoin Season Index Rapidly Rises from 34 to 50

After months of sluggishness, the altcoin market is finally starting to show signs of revival. According to Coinpedia (5/8), the Altcoin Season Index jumped from 34 to 50 in just a matter of weeks, signaling momentum that is starting to build.

Popular crypto trader VirtualBacon thinks that we may have already entered the early phase of altcoin season-thoughmany people haven’t really felt it yet.

Read the full news in the article Altcoins Start to Rise? Altcoin Season Index Rises Rapidly from 34 to 50

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Door News
• Featured Image: Generated by AI