Crypto Market Loses $81B in 24 Hours But Holds Key Support

VISI.NEWS | BANDUNG - The total cryptocurrency market capitalization declined by $81 billion over the past 24 hours, now sitting at $3.84 trillion. Despite the dip, it remains above a key support level at $3.80 trillion. Market sentiment appears slightly bearish following a recent rally, with altcoins under pressure—particularly JasmyCoin (JASMY), which dropped 11% and is trading at $0.017. If bearish momentum continues, the total crypto market cap (TOTAL) could fall further toward $3.73 trillion. However, a strong recovery could push it above $3.90 trillion and potentially retest the $4.00 trillion mark, restoring investor confidence.

Bitcoin Holds Steady Near Resistance, Trades Sideways

Bitcoin is currently trading at $119,039, consolidating between $117,261 and $120,000. This sideways movement helps prevent deeper losses, with the Relative Strength Index (RSI) indicating bullish momentum remains intact. Should BTC break above $120,000, it may target $122,000, signaling a reversal from recent bearish sentiment.

FTX Bankruptcy Payouts Set for September 2025

FTX has scheduled its next round of bankruptcy disbursements for September 30, 2025, with a record date of August 15. The payments will cover Customer Entitlement Claims (Class 5), General Unsecured Claims (Class 6), and new Convenience Claims that have not yet received any distributions.

Prosecutors Link Tornado Cash Founder to Binance Transfers and Offshore Real Estate

Federal prosecutors presented evidence alleging that Tornado Cash co-founder Roman Storm moved millions of dollars through Binance. IRS-CI Special Agent Stephan George traced over $533,000 in USDT from Storm’s Binance account to three different wallets on August 9, 2022. The funds were reportedly coordinated with another co-founder to purchase overseas real estate.

JasmyCoin Slides as Bearish Signals Mount

JASMY is down 11% in the past 24 hours, currently priced at $0.017. The altcoin is holding above key support at $0.0164, but bearish indicators such as the Ichimoku Cloud suggest a potential breakdown. A breach of this support could send prices as low as $0.0150. On the upside, a bounce from this level could see JASMY regain momentum and target $0.0205. @ffr