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Analysts warn this late-summer pullback is typical, but institutional inflows suggest recovery potential remains for the strongest cryptocurrencies in the weeks ahead as investors look to a new PayFi altcoin making rounds.
The market is reeling after another crypto crash, leaving investors asking why crypto is down today. Nearly all top tokens are in the red, with BTC Price slipping below $111K, ETH Price losing over 5%, and SOL, ADA, and Dogecoin also facing heavy declines.
Analysts warn this late-summer pullback is typical, but institutional inflows suggest recovery potential remains for the strongest cryptocurrencies in the weeks ahead as investors look to a new PayFi altcoin making rounds.
#MarketPullback
$ETH

An Indian anti-corruption court has sentenced 14 individuals, including 11 police officials and a former Bharatiya Janata Party (BJP) Member of Legislative Assembly (MLA), to life imprisonment in a case involving the kidnapping and extortion of crypto from a Surat-based businessman in 2018.
The judgment, delivered by Special Judge B.B. Jadav in Ahmedabad on Friday, found the group guilty of criminal conspiracy, kidnapping for ransom, illegal detention, and assault, according to a report by The Times of India.
Among those convicted are former Amreli district superintendent of police Jagdish Patel and ex-MLA Nalin Kotadiya. All 11 police officers, including former IPS officer Patel, were also found guilty under the Prevention of Corruption Act for misconduct by public servants.
The case centers around businessman Shailesh Bhatt, who had reportedly recovered a portion of his lost investment from BitConnect developer Dhaval Mavani in the form of Bitcoin (BTC), after the $900 million company he invested in shut down.
$BTC
#NewHighOfProfitableBTCWallets #IndiaCrypto

“That’s not just capital moving, it’s a signal that Bitcoin is firmly on the institutional and treasury radar. What was once a fringe asset is now being actively allocated to by some of the most influential firms and players in finance,” says Matt McPhee, Chief Financial Officer at Xapo Bank.
The crypto market is down today after a couple of green days, with about 95 of the top 100 coins seeing their prices fall over the past 24 hours. Overall, the cryptocurrency market capitalization has decreased by 2.8%, now standing at $3.88 trillion, just below the $4 trillion mark. At the same time, the total crypto trading volume is at $149 billion.
$BTC
#MarketPullback

Robin Westman, 23, opened fire at Annunciation Catholic Church in Minneapolis, killing two children and injuring 17. The assailant had messages like "NUKE INDIA" and others written on the weapons. Authorities are investigating the incident as domestic terrorism and a hate crime, focusing on Westman's social media posts containing violent diary entries and the fact that Westman was a former student of the school.
#NUKED #indian #TRUMP
$PEPE