Bitcoin News Today: MSTR Loosens Stock Rules as Crypto Market Wavers on Profit-Taking and Fed Signals

Strategy (MSTR), a key player in the Bitcoin equity space, has updated its guidance regarding the issuance of MSTR common stock, allowing the company to issue shares below its 2.5x multiple of net asset value (mNAV) under certain conditions. This revised policy, effective as of August 18, adds a third condition where the company may issue shares if it deems the move advantageous. Previously, such a practice was restricted to financing dividends or debt interest. Over the past two weeks, Strategy’s Bitcoin purchase volumes have decreased due to limited use of its ATM offering. However, recent purchases of 155 BTC and 430 BTC were funded through ATM offerings from its preferred shares. The company still holds $17 billion in remaining capacity for its $21 billion ATM program. At the time of reporting, MSTR was trading down 1.3% [1].

Bitcoin and Ethereum faced significant downward pressure in early trading, with Bitcoin slipping below $115,000 and Ethereum hovering near $4,350. These declines followed a sharp correction after recent highs, attributed to profit-taking and a broader market deleveraging. Over the past week, more than $1.7 billion in long crypto futures positions were liquidated, according to CoinGlass data. Analysts noted the loss of bullish momentum, with the S&P 500 remaining near record levels while Bitcoin consolidates between $115,000 and $120,000. A potential breakdown below $112,000 or a retest of key resistance levels will be closely watched. Crypto-related stocks such as Coinbase (COIN) and Robinhood (HOOD) also experienced initial declines but partially recovered during morning trading [2].

Technical analysis of Bitcoin suggests a bearish divergence in momentum, raising concerns about a deeper correction to the $110,530 support level. Ether faces similar risks, with buyers needing to maintain prices above $4,094 to avoid further declines. XRP and BNB also show signs of weakening, with XRP failing to reclaim the 20-day EMA and BNB at risk of falling below $808. Solana (SOL) and Dogecoin (DOGE) remain in tight trading ranges, with key support and resistance levels acting as pivotal indicators of near-term direction. Analysts remain cautious, noting that while Bitcoin could still rally to $140,000 by year-end, immediate corrections are likely amid mixed sentiment in the market [3].

Coinbase has taken a strategic step to reduce on-ramping fees for USDC on the Base network, partnering with Mercuryo to cut costs by up to 50%. The initiative targets MetaMask users and aligns with broader regulatory developments like the U.S. GENIUS Act, which aims to clarify stablecoin regulations. The move is part of a growing trend in the crypto industry to make stablecoins more accessible and cost-effective for both retail and institutional users. USDC, the second-largest stablecoin by market capitalization, has grown significantly in circulation, reaching $61.3 billion as of its latest earnings report. This partnership underscores the increasing integration of stablecoins into mainstream financial infrastructure [4].

Analysts highlight the ongoing volatility in the crypto market, with Bitcoin and altcoins facing potential short-term corrections. While long-term projections remain bullish, near-term price movements depend heavily on macroeconomic cues, particularly from the Federal Reserve. Investors are closely monitoring the Jackson Hole Economic Symposium for guidance on potential rate cuts, which could influence Bitcoin’s trajectory. Additionally, the recent expansion of USDC and other stablecoins into new blockchain networks underscores the sector’s growth and regulatory adaptation. As crypto markets continue to evolve, corporate and institutional activity in the space remains a key factor in shaping price dynamics [3].

Source:

[1] Strategy updates its MSTR 2.5x mNAV guidance after two weeks (https://finance.yahoo.com/news/strategy-updates-mstr-2-5x-134657173.html)

[2] Bitcoin, ethereum slip as crypto markets pull back after hitting (https://finance.yahoo.com/news/bitcoin-ethereum-slip-as-crypto-markets-pull-back-after-hitting-2025-highs-155818704.html)

[3] SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK (https://cointelegraph.com/news/price-predictions-8-18-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-link)

[4] Coinbase cuts USDC fees for MetaMask users on Base as (https://www.theblock.co/post/366842/coinbase-usdc-fees-metamask-base-circle-stablecoin-layer-1)