Rumors on social media about a World Liberty Financial governance proposal 
from October 2024 drove the Aave token down by over $30.

Aave tumbles following rumors regarding World Liberty token allocation

Federal Reserve Chair Jerome Powell revealed a major shift to the central 
bank’s monetary policy framework during his Aug. 22, 2025, speech at the 
Jackson Hole Economic Symposium, signaling a departure from strategies rolled 
out in 2020 as economic conditions changed. Fed Chair Unveils Revised 
Inflation Strategy The updated Statement on Longer-Run Goals and Monetary […]

Powell Signals Return to Traditional Inflation Targeting

The total value locked (TVL) in tokenized U.S. Treasuries has climbed back to 
its peak, hitting $7.42 billion on Aug. 23, slightly above the previous record 
of $7.41 billion set on July 16. Institutional U.S. Bond Tokens Hit $7.42B 
Across 49 Products The latest figures from rwa.xyz show growth of 1.41% from a 
week ago, […]

Tokenized Treasury Sector Surpasses July High, Setting New Record

Bitcoin accounts for an ever-greater share of global money as central banks 
continue to print currency and reduce purchasing power.

BTC climbed to 1.7% of global money before Fed chair signaled rate cut

The price of Bitcoin has struggled to make any real headway since reaching the 
former all-time high around $123,800 in mid-July. While the premier 
cryptocurrency set a new record-high price at around $124,120, it never really 
looked certain to go on a fresh bullish run. Over the past week, the market 
leader succumbed to severe bearish pressure, falling briefly beneath the 
$112,000 level on Thursday, August 21. However, the Bitcoin price—and the rest 
of the market—reacted positively to the speech of the US Federal Reserve (Fed) 
Chairman Jerome Powell on Friday, August 22. A prominent on-chain analyst on 
the X platform has identified a price level that could be crucial to Bitcoin 
resuming its bullish trend. What Does A Return Above $118,000 Mean For BTC? In 
an August 23 post on social media platform X, crypto analyst Ali Martinez 
pinpointed $118,000 as the most important level for Bitcoin’s next course of 
action. According to the online pundit, the price of BTC needs to quickly 
reclaim this price level in order to return to its bullish tracks. Related 
Reading: Bitcoin Slides Below $120K as Buyers Retreat, Is the Rally Already 
Over? This relevant indicator here is the Glassnode MVRV (Market Value to 
Realized Value) Momentum indicator, which helps in identifying macro market 
trends. This metric consists of the MVRV ratio and the 70-day simple moving 
average (SMA). When the MVRV ratio breaks above this 70-day SMA, it indicates 
a transition into the bull market. Meanwhile, a break below the simple moving 
average signals a shift to the bearish phase. Typically, strong breaks above 
the MVRV 70-day moving average imply that large volumes of Bitcoin were 
purchased below the current price, showing that the holders are now in profit 
(light area in the highlighted chart). On the other hand, a strong breach 
below the moving average suggests that large volumes of BTC were acquired 
above the current price, with the holders in the red (shaded area in the chart 
below). As observed in the chart above and highlighted by Martinez, the 
Bitcoin price is witnessing a trend shift at the moment. The crypto analyst 
then suggested that the 70-day SMA is currently around the $118,000 region, 
with the MVRV ratio needing to break above the moving average for Bitcoin to 
return to bullish momentum. Bitcoin Price At A Glance As of this writing, the 
price of BTC stands at around $116,217, reflecting an over 2% increase in the 
past 24 hours. However, the flagship cryptocurrency is still down by more than 
1% on the weekly timeframe. Related Reading: Analyst Puts XRP Cycle Top Above 
$20, But Says Price Must Hold Last Line Of Defense Featured image from iStock, 
chart from TradingView

Cryptocurrency price in DKK