Bitcoin Rally Stalls Amid Trump/Putin Meeting Tension and Inflation Concerns | COINDESK DAILY

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4.8 • 689 Ratings

🗓️ 15 August 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Jennifer Sanasie breaks down the latest news in the crypto industry as bitcoin’s recent rally has come to a stall. And, what to expect from the Trump/Putin meeting?

Bitcoin’s recent rally has come to a stall after hotter-than-expected PPI inflation data and Treasury Secretary Scott Bessent’s flip-flop on the U.S. government’s BTC purchases. With tension rising from the upcoming meeting between Trump and Putin, what's next for bitcoin and risk assets? CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

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Transcript

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0:00.0	Trump and Putin to meet in Alaska today will the U.S. government buy Bitcoin and circle plans for a 10 million shares sale.
0:08.2	You're watching CoinDesk Daily. I'm your host, Jen Sanasi.
0:18.6	Bitcoin's recent rally that sent the largest cryptocurrency by market cap to a new record
0:23.2	high of $124,000 has come to a stall after hotter than expected PPI inflation data
0:30.2	and Treasury Secretary Scott Besson's flip-flop on the U.S. government's Bitcoin purchases.
0:35.4	In an interview on Thursday, the Treasury Secretary appeared to reverse course, saying the government.S. government's Bitcoin purchases. In an interview on Thursday, the Treasury Secretary
0:38.4	appeared to reverse course, saying the government remains committed to adding to its Bitcoin
0:43.1	holdings in a budget-neutral way. Earlier in the day, Besant said the Strategic Bitcoin Reserve
0:48.0	would only consist of the $15 to $20 billion in coins already held, but no new purchases were being contemplated. Adding to the
0:56.6	anxiety, all eyes are on the high stakes meeting today in Anchorage, Alaska, between President
1:01.8	Trump and Russian President Vladimir Putin. The meeting is the first U.S. Russia summit since June
1:07.3	2021, which came eight months before Putin invaded Ukraine. Trump has said the top
1:12.0	priority will be to determine whether a ceasefire in Ukraine is possible. If that goal fails,
1:16.8	markets could react. This cocktail of inflationary fears, confusing guidance from the Treasury
1:21.5	and geopolitical tension has sent Bitcoin sharply lower. As of this morning, Bitcoin is trading
1:27.4	below $19,000.
1:29.9	Our traders losing confidence in XRP. XRP fell sharply in the past 24 hours as large-scale
1:36.5	liquidation swept through the market, pushing the token to its lowest levels in over a week.
1:41.9	The price of XRP dropped from $3.34 to near $3.10
1:45.6	after over a billion dollars was liquidated and record intraday selling volume. Despite the drop,
1:51.4	late session buying hints at renewed accumulation from large holders as selling pressure eased.
1:56.9	Traders are watching for critical institutional support near $3.5. Traders are watching for critical institutional support near $3.5.
	...

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