Coinbase Confirms Bitcoin’s Historic $115,800 Monthly Close Amid Market Turbulence

Bitcoin achieved a monumental milestone in July 2025, closing the month above $115,800—its highest monthly close in 16 years. This record was validated across major exchanges, including Coinbase, highlighting strong market consensus despite ongoing global economic volatility and geopolitical tensions. However, the bullish momentum saw a slight pullback in early August, with prices dipping 4.12% to $113,000 within 48 hours, resulting in $231 million in long liquidations. This article delves into the details of Bitcoin's performance, the factors driving its volatility, and what this means for the broader cryptocurrency market.

Bitcoin Sets Record Monthly Close Above $115,000 Amid Volatility

Bitcoin closed July with a historic monthly finish, surpassing $115,800 to mark its highest monthly close in 16 years. The milestone was confirmed across major exchanges, including Coinbase, underscoring market consensus despite global economic turbulence and tariff developments.

The bullish momentum faltered in early August, with prices retracing 4.12% to $113,000 within 48 hours—triggering $231 million in long liquidations. Analysts attributed the dip to technical corrections rather than panic selling, citing macroeconomic uncertainty following new U.S. tariffs.

Market resilience shone through as Bitcoin absorbed an 80,000 BTC whale selloff without cascading declines. With 96% of holders still in profit, long-term investors appear steadfast while short-term traders take profits. Historically, August poses challenges for Bitcoin, with median returns of -8.3% since 2011, but analysts eye potential halving cycle effects to counter seasonal trends.

Coinbase Crypto Ad Banned in UK Over Provocative 'Everything Is Fine' Message

Coinbase's controversial advertisement campaign, featuring the slogan 'Everything Is Fine,' has been banned by UK regulators. The ad's provocative suggestion of unchecked crypto adoption sparked debates about responsible marketing in the volatile digital asset space.

The ban highlights growing regulatory scrutiny of crypto exchanges' promotional practices. Coinbase, one of the largest global cryptocurrency platforms, now faces reputational challenges in key markets as authorities demand clearer risk disclosures.

UK Bans Coinbase TV Ad, Sparking CEO Armstrong's Criticism

The UK's Advertising Standards Authority has prohibited a Coinbase television commercial, signaling heightened regulatory scrutiny for crypto firms. The banned ad depicted Britain's financial system as outdated, featuring a leaking ceiling that collapses—a metaphor for institutional fragility.

Coinbase CEO Brian Armstrong condemned the decision on social media, asserting the advertisement's underlying truth. "If you can't say it, there must be a kernel of truth in it," he posted to his 1.5 million followers. Armstrong framed crypto as a necessary upgrade to traditional finance, emphasizing its global relevance beyond UK politics.

The confrontation highlights growing tensions between crypto enterprises and regulators. Coinbase's messaging strategy now faces recalibration as authorities demonstrate reduced tolerance for perceived criticisms of legacy financial systems.

Dogecoin Presents Prime Risk-Reward Entry Amid Technical Support Test

Dogecoin's weekly chart has retreated to a cluster of technical levels that pseudonymous analyst Cantonese Cat describes as a favorable entry point. The meme cryptocurrency is testing its Bull Market Support Band between $0.19025 and $0.20703, following a 17.15% weekly decline after a brief rally into the upper $0.20s.

The setup combines two key technical elements: a breakout above a descending trendline marking lower highs since July 16, and its current retest alongside the support band. 'I think it's great risk-reward here,' the analyst noted while disclosing additional Doge purchases, suggesting confidence in the cryptocurrency's ability to hold these levels.

Market watchers are observing whether this confluence zone can provide the foundation for Dogecoin's next leg higher, particularly as the broader crypto market shows signs of renewed interest in risk assets. The current price action mirrors historical patterns where such technical clusters have preceded significant moves.

Operation Chokepoint 3.0: Banks Accused of Throttling Crypto Innovation

Major U.S. banks, including JPMorgan, face allegations of deliberately stifling cryptocurrency adoption through excessive fees and restricted access. Alex Rampell of Andreessen Horowitz has labeled this alleged strategy as "Operation Chokepoint 3.0," drawing parallels to previous regulatory crackdowns on the industry.

Financial institutions stand accused of imposing prohibitive costs for data access and fund transfers to crypto platforms, with some reportedly blocking transactions outright. This development follows the Biden administration's earlier regulatory pressures, colloquially known as Operation Chokepoint 2.0.

Despite these challenges, major exchanges like Coinbase continue to operate with support from regulatory bodies such as the SEC. The crypto industry's global expansion appears undeterred by these banking sector maneuvers, signaling ongoing tension between traditional finance and digital asset innovation.

UK Risks Crypto Irrelevance as Osborne Urges Regulatory Catch-Up

Former UK Chancellor George Osborne issued a stark warning about Britain's fading influence in the global cryptocurrency race. The ex-finance minister singled out the US, UAE, and Asian markets as leaders in crypto adoption while describing the UK as stuck in the "slow lane." His comments come amid growing concerns about excessive regulatory caution stifling innovation.

Osborne specifically called on current Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey to accelerate crypto framework development, particularly for stablecoins. "Time to catch up," he declared, referencing Britain's historical reputation as a financial hub unafraid of change. The critique follows Reeves' April pledge to make the UK the "best place" for crypto innovation.

Coinbase advisor Osborne pointed to legislative progress in the US Congress as a model, while noting competitive threats from the EU, Abu Dhabi, and Hong Kong. The warning highlights a growing divide between Britain's fintech ambitions and its risk-averse regulatory approach to digital assets.