Bitcoin Today 29/08/2025: BTC Confirms Bearish Streak in August as PYTH Surges 90%

• Bitcoin and PYTH Market Dynamics

August 2025 has been a rollercoaster for crypto investors. bitcoin (BTC) extended its downward trend, marking three consecutive weeks of losses, while PYTH Network’s token defied the market slump with a jaw-dropping 90% rally. In this analysis, we’ll break down the factors behind BTC’s slump, explore PYTH’s unexpected surge, and share insights from the BTCC research team. Buckle up—it’s been a wild month. --- ### Why Is Bitcoin Struggling in August 2025?

Bitcoin’s price action this August feels like déjà vu for long-term holders. The king of crypto has dipped 12% since the start of the month, according to CoinMarketCap data, with key support levels crumbling under selling pressure. The BTCC team notes that macroeconomic jitters—think the Fed’s hawkish tone and geopolitical tensions—have sidelined institutional buyers. "BTC’s correlation with traditional markets is tighter than ever," one analyst remarked. Even the usual "Uptober" hype isn’t sparking early bids this year.

*Source: CriptoFácil (Image depicts Bitcoin Core’s latest protocol update)* --- ### PYTH’s 90% Rally: What’s Fueling the Boom?

While BTC floundered, PYTH became the dark horse of August. The oracle network’s token skyrocketed 90% in 7 days—yes, you read that right. TradingView charts show the rally accelerated after PYTH announced integrations with Solana-based DeFi giants like Kamino and Marginfi. "Oracles are the unsung heroes of DeFi," said a BTCC market strategist. "PYTH’s low-latency data feeds are becoming the industry standard." Skeptics whisper this might be a classic "buy the rumor" pump, but hey, profits are profits.

--- ### Historical Context: How Unusual Is BTC’s August Slump?

Bitcoin’s August blues aren’t unprecedented. Crypto old-timers will recall August 2019’s 15% drop or 2022’s "post-Luna" hangover. Still, this year feels different. The BTCC team’s data shows BTC’s 30-day volatility hit a 2-year low before the sell-off—a sign of complacency. "Markets were asleep at the wheel," quipped an analyst. The takeaway? When volatility compresses this hard, a breakout (or breakdown) becomes inevitable.

--- ### FAQ: Your Burning Questions Answered

Bitcoin and PYTH Market Dynamics

Is Bitcoin’s downtrend likely to continue?

Past performance isn’t indicative, but the lack of bullish catalysts (ETF inflows, halving hype) suggests sideways action may persist. Always DYOR!

Should I invest in PYTH after its 90% pump?

This article does not constitute investment advice. That said, parabolic moves often correct—ask any SHIB or PEPE veteran.