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Strategy (previously MicroStrategy), the leading corporate holder of Bitcoin (BTC), is on the verge of reaching a significant milestone as it approaches the acquisition of 600,000 tokens. In its latest move, the company purchased 4,980 Bitcoin between June 23 and June 29 for an average price of $106,801 each, totaling approximately $531.9 million. This latest purchase has brought the company’s total Bitcoin holdings to 597,325, acquired for around $42.4 billion. Strategy Shares Surge 4.7% Despite Bitcoin’s price remaining relatively stable at around $107,000 and $107,500 over the past 24 hours, Strategy’s shares, MSTR, increased by 4.7% to $402.07 on Monday, reflecting investor confidence in the company’s financial moves. The value of Strategy’s Bitcoin holdings now stands at roughly $64 billion. Funding for these latest acquisitions came through the sale of stock under various at-the-market offerings. Benchmark analyst Mark Palmer noted that the company’s Bitcoin yield, which measures the change in the ratio of its Bitcoin holdings to total shares outstanding, was 19.7% between January 1 and June 29. Strategy’s Chairman, Michael Saylor, who is often regarded as one of Bitcoin’s most vocal advocates, hinted at the recent purchase in a social media post over the weekend. He stated, “In 21 years, you’ll wish you’d bought more,” alongside a chart illustrating the performance of Strategy’s Bitcoin portfolio since its initial investment in late 2020, which shows the aggressive purchases that have increased over the past year. Bitcoin Price Hovers Around $107,000 Interestingly, the company had made a smaller purchase of 245 Bitcoins between June 16 and June 22, considerably less than its usual massive acquisitions. For context, Strategy had previously acquired 10,100 Bitcoins in just six days during the period from June 9 to June 15. This shows that while the company often makes large purchases, it can also vary its acquisition strategy based on market conditions. Over the past month, the market’s leading cryptocurrency has seen a notable volatility spike with prices failing to tackle its current record price of $111,800 reached during last month’s rally. Since, Bitcoin has managed to endure subsequent price drops, with the most recent plunging BTC toward the $98,000 zone. However, the cryptocurrency has managed to record a 2.4% recovery on the weekly time frame, currently consolidating at $107,000. Originally founded as an enterprise software firm, Strategy has transformed into a leveraged play on Bitcoin, allowing investors to gain exposure to cryptocurrency without directly owning it. Since August 2020, the company has consistently increased its Bitcoin reserves by selling stock and debt. This has prompted criticism from analysts who believe this could be dangerous if the Bitcoin price drops below the firm’s average buying price. Featured image from DALL-E, chart from TradingView.com

Polygon Labs has introduced a new blockchain called Katana, which was developed in collaboration with the crypto trading firm GSR. With over $200 million in deposits secured before launch, traders are now speculating that KAT, the native token, could soon be among the new Binance listing. But what does Katana offer that sets it apart from other projects? Katana is designed to solve two major problems in decentralized finance: the inefficient distribution of tokens across multiple apps and unsustainable yields caused by inflationary rewards. To address this, Katana focuses on a curated ecosystem, selecting only a few high-quality financial applications to operate on the chain. DISCOVER: +15 New and Upcoming Binance Listings in 2025 These include a modified version of Sushi (a decentralized exchange), Morpho (a major lending protocol), a memecoin launchpad, and a decentralized futures platform. Sandeep Nailwal, co-founder of Polygon, says the new chain will help bring DeFi into a more stable era. By concentrating liquidity and linking chains through Vault Bridge, Katana allows smaller chains to tap into deeper liquidity without fragmenting user assets. KAT Token Gears Up – Potential New Binance Listing? Why could Katana’s early success place KAT among new Binance listings to watch? Since opening deposits in late May, Katana has attracted over $240 million in “productive” assets. This includes stablecoins, wrapped Bitcoin (LBTC), yield-bearing Ether (weETH), and AUSD, a new stablecoin by Agora. The significant amount of assets deposited even before Katana’s full public launch reflects confidence in the model. Yield opportunities are pooled into a self-sustaining engine instead of being diluted across dozens of protocols. This is meant to make DeFi on Katana more predictable and profitable for users over the long term. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now The KAT token, which powers Katana’s incentive system, may be on track for broader exposure. With 1.5 billion KAT tokens (15% of the total supply) set to be airdropped to POL stakers and strong user engagement from launch, the token has caught the attention of speculators looking for new Binance listing candidates. Polygon’s past success in getting projects listed, including the long-standing Polygon POS chain, gives Katana a solid pipeline for exchange visibility. While no official listing has been announced yet, market watchers are keeping an eye on KAT as Binance continues expanding its listings in the Layer 2 and DeFi sectors. DISCOVER: What Are the Best New Presales to Buy in July 2025? Key Takeaways Katana is Polygon Labs’ new DeFi-optimized Layer 2 chain, launched with over $240 million in pre-deposited assets. Built using cdk-opgeth and connected to AggLayer’s Vault Bridge, Katana aims to unify fragmented DeFi liquidity. Core protocols include Morpho, Sushi, and Vertex, along with support for assets like AUSD, LBTC, and weETH. Speculation grows around a potential new Binance listing for KAT, fueled by Katana’s strong launch and rising ecosystem interest. The post Polygon’s New Blockchain Explained: Is KATANA Crypto Next Binance Listing? appeared first on 99Bitcoins.

The euro continues to rallly and has put together nine straight winning sessions. Earlier, the EUR/USD pushed above the 1.18 line for the first time since Sep. 2021. In the European session, EUR/USD is trading at 1.1820, up 0.29% on the day. Eurozone CPI inches higher, core rate steady Eurozone CPI rose slightly to 2.0% y/y in June, in line with the consensus. This was up from 1.9% in May, which marked an eight-month low. Monthly, CPI jumped 0.3%, up from 0% in May which was also the consensus. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

The euro continues to rallly and has put together nine straight winning sessions. Earlier, the EUR/USD pushed above the 1.18 line for the first time since Sep. 2021. In the European session, EUR/USD is trading at 1.1820, up 0.29% on the day. Eurozone CPI inches higher, core rate steady Eurozone CPI rose slightly to 2.0% y/y in June, in line with the consensus. This was up from 1.9% in May, which marked an eight-month low. Monthly, CPI jumped 0.3%, up from 0% in May which was also the consensus. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Nearly three years after the Merge formally switched Ethereum to proof-of-stake on 15 September 2022, a publicly listed Bitcoin miner is adopting the network’s native token as its primary treasury asset. BitMine Immersion Technologies (NYSE American: BMNR) on 30 June priced a $250 million private placement of 55,555,556 new shares at $4.50 each and appointed Fundstrat co-founder Tom Lee as chairman. The company’s SEC filing and press release make the purpose explicit: all net proceeds will be used to acquire and stake ether, a move management likens to Michael Saylor’s now-legendary Bitcoin strategy at MicroStrategy. Tom Lee Goes Full MicroStrategy On Ethereum Speaking hours later on CNBC’s Squawk Box, Lee framed the pivot as a logical response to the explosive growth of stablecoins, most of which settle on Ethereum. “Stablecoins, which is the ChatGPT of crypto, because it’s viral adoption by consumers, businesses, banks and now even Visa,” he said, underscoring why a treasury heavy in ETH could become strategically indispensable. Ethereum’s proof-of-stake design means that large holders who validate blocks “secure the fidelity of stablecoins,” Lee continued. “When Goldman issues a stablecoin and JP Morgan [issues] it on Ethereum as a layer-one blockchain, they’re going to want to secure it by staking Ethereum.” Lee tied the long-term upside to macro numbers the US Treasury itself has started to cite. Stablecoins today hover around $250 billion; Treasury Secretary Scott Bessent recently suggested the figure could hit $2 trillion—a potential ten-fold expansion that, in Lee’s words, would “insure dollar dominance.” Because Ethereum already underpins more than half of stable-value tokens, a multi-trillion-dollar stablecoin market would translate directly into rising transaction fees for the network and, by extension, higher staking rewards for BitMine’s planned validator clusters. The private-placement syndicate reads like a who’s-who roster from both TradFi and crypto: MOZAYYX led the round, joined by Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, Digital Currency Group, Diametric Capital and Occam Crest. Closing is expected on or about 3 July, subject to NYSE American approval. BitMine, headquartered in Las Vegas, will immediately deploy the ETH position into staking, giving the miner a yield-bearing balance-sheet asset while reinforcing Ethereum’s security budget. “One of the key performance metrics for BitMine going forward is to increase the value of ETH held per share,” chief executive Jonathan Bates said in the statement. For investors, the comparison with MicroStrategy is unavoidable but imperfect. Saylor’s company amassed bitcoin under a proof-of-work regime that offers no native yield; BitMine’s ether can generate income through both staking rewards and potential capital-markets transactions collateralized by those staked coins. Yet both strategies share a central bet: that a scarce digital asset sitting at the core of global finance will appreciate faster than cash alternatives on a corporate balance sheet. Whether BitMine achieves MicroStrategy-level returns will depend on execution, regulatory clarity for staking, and—most of all—Ethereum’s price path. What is clear, however, is that corporate treasuries are beginning to see ether not merely as “gas” for decentralized applications but as a strategic reserve asset in its own right. From a market-structure vantage, the new treasury model could translate into meaningful price torque for Ether if it scales. MicroStrategy’s serial purchases have now absorbed nearly 600,000 BTC—around 2.8 percent of the 21 million-coin cap—and coincided with Bitcoin’s ascent from roughly $11,000 in August 2020, when the company made its first buy, to more than $107,000 today, a near-ten-fold move. BitMine’s opening salvo—$250 million, or about 100,000 ETH at current prices—represents barely 0.08 percent of Ethereum’s 122 million-coin supply, yet roughly 28 percent of that supply is already locked in staking contracts while net issuance has turned negative post-EIP-1559, shrinking the freely tradable float. If even a handful of additional balance sheets emulate this “ETH-as-reserve” playbook, the resulting demand shock could replicate the supply-squeeze dynamics that propelled Bitcoin into six-figure territory. At press time, Ether traded at $2,459.

Overview: An accelerated run on the US dollar continues. The euro, sterling, Australian and New Zealand dollars have risen to new highs. The greenback has dropped to new lows since 2015 against the Swiss franc. Japan's efforts to protect its rice farmers triggered the ire of President Trump. The "reciprocal tariffs," which could come back to the fore in a week, would be around 24% on Japan if no agreement is struck. While all the G10 currencies are firmer today, the yen leads with around a 0.75% gain. In addition to the trade disruption, a drag is coming from the decline in US rates. The 2- and 10-year yields are at new two-month lows. All but a few emerging market currencies are higher today, led by the 1.4% jump in the Taiwanese dollar as life insurance companies reportedly boosted hedge ratios. Outside of Japan and Australia, Asia Pacific equities advanced. Three markets rose more than 1% (New Zealand, Taiwan, and Thailand). Europe's Stoxx 600 is off about 0.2% after the 0.4% loss yesterday. US index futures are slightly underwater too. Bonds are bid. Benchmark 10-year rates tumbled 4-5 bp Japan and the Antipodeans. European rates are also mostly 4-5 bp lower. The 10-year US Treasury yield is off a little more than three basis points and is slightly below 4.20%. The weaker dollar and lower rates are helping gold extend yesterday's recovery from low since May 20 (~$3249) to $3346 today. August WTI is confined to a narrow range of a little more than 30 cents on either side of $65. USD: The Dollar Index succumbed to the selling pressure, perhaps encouraged by continued decline in US rates. It recorded a new since late Q1 22 (~96.45). The two-year yield is off around 30 bp since June 16. The market is getting more aggressive about the trajectory of Fed policy. The Fed funds futures are discounting 68 bp of cuts this year--two cuts fully and a 70% chance of a third, with four meetings left, and nine Fed officials two weeks ago, suggesting none or one cut would be appropriate this year. The year-end effective funds rate is seen near 3.65%, the lowest since early May. From the mid-May highs, the Dollar Index has been trending lower in a band. The upper end is near 98.95 and the lower end is near 96.50 (falling to around 94.65 on July 31). Meanwhile, the S&P 500 and NASDAQ reached new record highs yesterday. The gap between European stocks and the S&P 500 has narrowed. Consider that in June, the S&P 500 rose by nearly 5.0% while Europe's Stoxx 600 was off by 1.3%. Today's final July manufacturing PMI and the ISM manufacturing index may have limited impact, given the Federal Reserve's reaction function, which is now putting more emphasis on real sector data. The manufacturing PMI has been above the 50 boom/bust level this year after being below it in H2 24. It is seen little changed from the 52.0 seen in May and June. In contrast, the manufacturing ISM has been below 50 since October 2022 with the brief exception this past January and February. It has been hovering below 49.0 in April-May. This is expected to have continued to be the case last month. The US also reports May construction spending. The median forecast in Bloomberg's survey expected the fourth consecutive month decline, something not seen since 2018. The May JOLTS report is expected to show a modest decline in job openings. Auto sales will trickle in over the course of the session, but another decline is expected (the third in a row after the surge in March to beat the tariffs). Still, it is another data point that indicates the US consumer is pulling back. EURO: The euro extended its gains to $1.1830 today, a new high since September 2021. It last fell on June 17, two weeks ago. It posted its fourth consecutive close above the upper Bollinger Band (found near $1.1800 today). Options for 2 bln euros struck at $1.18 expire today. The next chart area of note is around $1.1850, but many are targeting the $1.20 area. With US stocks and bonds rallying, it is hard to make the argument that the dollar's decline is a function of the sale of US assets. The BIS suggested that the decline in Q1 may have been more related to hedging dollar exposure. Watch the five-day moving average. It is near $1.1735 today, and the euro has not closed below it since June 19. The final eurozone's June manufacturing PMI was 49.5 (49.4 initial estimate, unchanged from May). With the revisions, it has extended the recovery for the sixth month but still remains below the 50 boom/bust levels. The preliminary June CPI estimate showed a 0.3% increase, which lifted the year-over-year rate to 2.0% (from 1.9%). The core rate was unchanged at 2.3%. The ECB survey found one- and three-year CPI expectations in May eased to 2.8% (from 3.15) and 2.4% (from were 3.1%), respectively. CNY: The dollar continues to chop in its recent trough against the offshore yuan and reached a marginal new low of almost CNH7.15. A break of CNH7.15 could target CNH7.10 next, but assuming continued US dollar weakness, a move CNH7.00 seems reasonable. Yesterday, it settled below last Friday's low (~CNH7.1620). The PBOC has steadily lowered the dollar fix in June, though today's was CNY7.1534 (CNY7.1586 yesterday), the lowest since November 2024. At the end of May, the reference rate was CNH7.1848. It was the second consecutive monthly decline. Until the PBOC is more obviously rejecting the strengthening of the yuan, the market may continue to press for the official pain threshold. That said, last week's quarterly policy statement from the PBOC dropped the reference to its intention to "cut interest rates and lower the reserve requirement ratio." Meanwhile, China's two manufacturing PMI measures have diverged. The version of the China's Federation of Logistics and Purchasing has mostly under-performed the Caixin iteration. The former rose to 49.7 in June and averaged 49.4 in Q2 after 49.9 average in Q1. Caixin's manufacturing PMI rose to 50.4 in June from 48.3 in May. It averaged 49.7 in Q2 and 50.7 in Q1. JPY: After setting session highs in early North American trading yesterday near JPY144.75, the greenback was sold slightly through JPY144.00 in the NY afternoon. It has fallen to almost JPY142.80 today, and in the process, took out the trendline drawn off the April 22 low and the June 13 low (~JPY143.60 today). And we argue, not coincidentally, the 10-year US yield slipped below 4.20%, for the first time since early May. Japan's economy contracted by 0.2% at an annualized rate in Q1 and the median forecast in Bloomberg's survey is for a 0.3% expansion in Q2. Both point to a virtually stagnant economy. Real sector data has frequently disappointed, and the Bloomberg real sector surprise index fell to its lowest level in Q2. Yesterday's disappointing May industrial output (0.5% vs. 3.5% median forecast in Bloomberg's survey) and a dramatic 34.4% year-over-year decline in housing starts fit the pattern. Earlier today, the Tankan survey was released. Sentiment mostly weakened slightly except for the large manufacturers, which saw a small rise (13 vs. 12), though of note capex plans increased (11.5% vs. 3.1% in the Q1 survey, which is stronger than expected). Among the large firms, inflation was seen at 2.3% on a five-year projection, which feeds into the BOJ's assessment of long-term inflation expectations. Separately, the Japan Times reported that 195 major food makers expect to raise prices on over 2000 products in July, a five-fold increase from a year ago. Lastly, the final June manufacturing PMI was 50.1 (50.4 flash) and was still the first reading above 50 since last June. GBP: Sterling struggled yesterday but settled slightly firmer near $1.3730. Still, the weak dollar casts a pall over the forex market in general. It is fraying the upper end of last Thursday's range (~$1.3770) and reached almost $1.3785 in European turnover today. The next notable chart area is around $1.3830. The UK's June manufacturing PMI was confirmed at 47.7 and it is the third consecutive monthly increase. It was last above 50 in September 2024. Separately, attributable to the stamp duty increase, Nationwide reported a 0.8% decline in house prices in June, the largest drop since February 2023. Also, commanding attention is today’s vote in the House of Commons on the Universal Credit and Personal Independence Payment Bill--the major disability reform legislation---seen later today. An estimated 120 Labour MPs were threatening to vote against the government, which has a 165-seat majority before Prime Minister's Starmer's compromise. Some reports suggest 50-60 Labour MPs may still not vote with their government. At the same time, some polls suggest Nigel Farage's Reform UK party leads in the opinion polls. CAD: With the resumption of US-Canada trade talks and the broad weaker greenback, the Canadian dollar pushed through last week's lows to CAD1.3600 yesterday, which it has taken out today. Options for $330 mln expire today at CAD1.3600. The break of CAD1.3600 targets the year's low (~CAD1.3540) set last month. Canadian markets are closed today for Canada Day. The June manufacturing PMI will be reported tomorrow. It was 51.6 in January after finishing 2024 at the year's high 52.2 (the highest since February 2023) and fell to 45.3 in April, a multi-year low. It recovered to 46.1 in May, which is still below all of 2024 readings. AUD: The Australian dollar, which spiked below $0.6400 last Monday, rose to almost $0.6585 in North America yesterday and to $0.6590 today. The $0.6600-20 area may offer some resistance; but momentum traders may have their sights set on $0.6680-$0.6700. The Aussie has been fraying the upper Bollinger Band and settled above it yesterday. It is found near $0.6580 today. Australia's manufacturing PMI has not been below 50 in H1 25 but has now softened for three consecutive months. The final June reading was 50.6 down from 51.0 preliminary estimate (51.0 in May). Still, it averaged 51.1 in Q2 and 50.9 in Q1. These are the first quarterly averages above 50 since the end of 2022. MXN: Today has the makings for the sixth consecutive session that the US dollar will record lower highs and lower lows against the Mexican peso. A new dollar low since last August was recorded today near MXN18.6875. We suggested a break of MXN18.80 could see MXN18.60 next and that still seems reasonable. Over the medium-term, potential may extend toward MXN18.35. There are options for $700 mln at MXN18.65 that expire today. The greenback was sold to almost BRL5.42 yesterday, its lowest level since last October. Between the currency and rate pick-up, the Brazilian real generated a 21.3% return in H1. The Mexican peso has generated a 16.3% total return for dollar-based investors. Mexico sees the June manufacturing PMI today and the IMEF surveys, which are similar to the PMI. Illustrating the weakness of the economy, which led Banxico to deliver its fourth consecutive half-point cut last week, the manufacturing PMI has not been above 50 since last June. The average through May has been 46.9. It was at 46.7 in May, recovering from a multi-year low of 44.8 in April. The IMEF manufacturing survey has been below 50 since last March, and the non-manufacturing survey has not been above 50 since last August. May worker remittances are due. They are the largest source of hard currency for Mexico but appear to be slowing. Through April, remittances totaled $19 bln, which is about $500 mln less than the same year ago period. It is not significant yet, but the budget proposals include a new tax (3.5% rather than 5). It is the first federal tax of its kind and estimates put the total remittances from the US above $80 bln. Mexico President Sheinbaum said at here daily press conference that the US tax on worker remittances by Mexican workers would be 1% and would only apply to cash not electronic transfers. She estimated that 99% of the remittances to Mexico are sent electronically. Mexico will shortly announce a program to reimburse the remittance tax to people who send cash through the Finabien Card (pre-paid debit card issued by the Mexican government). Disclaimer

Hashflow is dominating crypto headlines after its native token, HFT, soared 80% in 24 hours, closing above key resistance levels. Will the HFT DeFi token continue pushing higher on favorable Solana integrations and regulatory tailwinds? Bitcoin, Ethereum, and some of the best cryptos to buy, including Solana and XRP, were capped yesterday. To put it in numbers, BTC ▼-0.92% failed to follow through and close above $109,000. On the other hand, ETH ▼-0.37% is still trading below $2,500. At the same time, XRP ▲0.97% is trading below $2.5 and, though bullish, has been moving sideways. Meanwhile, SOL ▼-0.86% is firm but stable, adding less than 2% in the past 24 hours. Even so, it is up nearly 8% in the previous week of trading. Although top altcoins might appear mostly flat, Hashflow is stealing the limelight following yesterday’s surge. At spot rates, HFT1 (No data), the native token of the multichain DEX, is up an impressive 80%, topping gains. With this push higher on June 30, HFT is up nearly 190% in the past month and trading within a bullish breakout formation. HFT1PriceHFT124h7d30d1yAll time Most importantly for HFT, the gains of the past three days have lifted prices above key liquidation levels, setting the base for another potential moonshot to December 2024 highs. Trading volume is quickly picking up, and though there may have been some profit-taking, as indicated by the long upper wick in the daily chart, the uptrend has been set in motion. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Understanding Hashflow and HFT Hashflow is a multichain DEX that launched in April 2021. While Uniswap and PancakeSwap may dominate in trading volume, Hashflow offers high interoperability and claims to provide zero slippage, all while shielding traders against maximal extractable value (MEV) bots. In a field saturated with multiple DEXes, Hashflow stands out using the Request-for-Quote (RFQ) model. In this arrangement, professional market makers manage liquidity in on-chain pools, guaranteeing prices without slippage. Liquidity is further boosted by their use of intent-based Smart Order Routing (SOR), allowing access to most tokens. The DEX serves some of the top blockchains, including Ethereum, Arbitrum, Avalanche, and the BNB Chain. However, according to DeFiLlama data as of July 1, Hashflow is more dominant on Ethereum and, to some extent, Arbitrum. It manages $620,000 worth of assets, with over $478,000 on Ethereum. As of July 1, Hashflow claimed to have processed over $25 billion in RFQ volume, all while integrating with more than 30 protocols. Altogether, they have offered more than $500 million in liquidity. (Source) DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 Why is HFT Crypto Rallying? There are no specific triggers explaining the sharp spike in valuation over the past three days. According to DeFiLlama, over 80% of HFT tokens have been unlocked. This means holders shouldn’t expect a supply spike that could slow down growth. (Source) Per their vesting schedule, 9.7 million HFT will be unlocked on July 7 and once every month thereafter until November 2026. Hashflow has also deepened its integrations within the Solana ecosystem. The DEX has partnered with some of the top players in the expansive Solana ecosystem, joining hands with Jupiter, Kamino, and Titan. With this expansion, their cross-chain trading efficiency has increased, attracting more users and, thus, liquidity. Overall, Solana has a thriving ecosystem and anchors meme coin trading. If there is a boom in meme coin activity, as seen in 2024, Hashflow could offer a route for efficient and low-fee trading of some of the top Solana meme coins. Because of the last meme coin boom in Solana, Raydium (RAY) soared thanks to Pump.fun activity. The regulator’s stance has changed, unlike in the previous administration, which means HFT is not at risk of being listed as an unregistered security. DISCOVER: Best New Cryptocurrencies to Invest in 2025 – Top New Crypto Coins Hashflow Crypto Dominant, HFT DeFi Token Up 80% In 24 Hours HFT crypto dominant, up 80% in 24 hours Hashflow DEX is a Binance launchpool project DEX expands integration in Solana Regulatory tailwinds, including GENIUS Act and SEC’s DeFi support, could push HFT crypto higher The post What is Hashflow Crypto? Why is the HFT DeFi Token Rallying? appeared first on 99Bitcoins.

Can Elon Musk and Donald Trump get into a sparring match again so I can slurp more $TSLA on the dip? Oh, wait, it’s happening! Say hello to the ‘Elon Musk New Political Party.’ The Tesla CEO and former Department of Government Efficiency lead just called the president’s 940-page “Big, Beautiful Bill” for sweeping tax cuts a “disgusting abomination.” Moreover, Musk publicly floated the idea of launching a new political party to break the current system. (X) As U.S. senators deliberate the bill’s final amendments, Musk has gone even further, advocating for an alternative political party to address what he perceives as reckless fiscal policies and bipartisan dysfunction. Elon Musk New Political Party: Grievances with the “Porky Pig Party” Musk’s frustration with the so-called “Big, Beautiful Bill” centers on its proposed tax breaks and sharp cuts to healthcare and food assistance programs. Musk lambasted, “It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country – the PORKY PIG PARTY!!” (X) Some see Musk’s push for a new political party as a last-ditch effort to win back Democrats who’ve distanced themselves from Tesla and SpaceX since his rightward pivot last year. But others argue it tracks with his longstanding libertarian streak of less government and less spending. Adding to his criticism, Musk urged every member of Congress who supports the bill to “hang.” Oh, sorry, he said to “… hang their heads in shame.” He also issued a stark political warning, vowing, “They will lose their primary next year if it is the last thing I do on this Earth.” Is This The Final Elon Crash Out? Another twist unfolded with Musk publicly backing Thomas Massie, the Kentucky congressman Trump cronies love to hate. Massie, a fiscal hawk and many argue true “America first” politician, has butted heads with Trump all year. Now with Musk in his corner, rumors of a 2028 presidential bid are gaining traction. Conversely, Bill Schneider, a public policy professor, noted, “Elon Musk is a billionaire. There are not enough billionaires to form a party in the U.S., even if they are unhappy with President Trump.” Unsurprisingly, Trump responded to Musk’s criticism by zeroing in on the federal subsidies Musk’s companies have historically benefited from. On his Truth Social platform, Trump quipped, “Elon may get more subsidies than any human being in history, by far. Without subsidies, Elon would probably have to close up shop and head back home to South Africa.” (X) As Musk points out about the “BBB,” if, eventually, the plates that are the U.S. debt become too large and too numerous to keep spinning. Musk argues that the more plates added, the worse the crash will be. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Musk called the president’s 940-page “Big, Beautiful Bill” an abomination On his Truth Social platform, Trump quipped, “Elon may get more subsidy than any human being in history, by far. The post Elon Musk New Political Party To ‘Obliterate Republicans:’ What You Need to Know appeared first on 99Bitcoins.

Robinhood tokenized stocks just opened the door to Wall Street’s blockchain future. The trading app now lets European users buy tokenized U.S. stocks, including crypto-wrapped equities reissued in digital form. $HOOD ripped 11.25% higher to an all-time high, putting its YTD gain at nearly 150%. In one swipe, Robinhood is trying to do what legacy finance won’t do by making global stock access as seamless as buying Bitcoin. Robinhood Tokenized Stocks: Blockchain Meets Traditional Finance Stocks on-chain, futures in your pocket, and SpaceX tokens for breakfast. TradFi is quickly integrating with crypto. By launching tokenized U.S. stocks in a partnership with ETH-based DEX Arbitrum, Robinhood is among the many TradFi institutions diving headfirst into crypto. The rollout includes private share tokens for giants like OpenAI and SpaceX, letting retail investors access assets usually locked behind VC gates. And with staking, futures, and a MiCA-compliant framework, Robinhood is unleashing what brokerage apps can be. (HOOD) Robinhood CEO Vlad Tenev demonstrated a successful mock transaction of OpenAI stock during the launch event in Cannes, underscoring the viability of tokenized securities. Macro strategist Raoul Pal described the move as “democratization of finance,” applauding the elimination of barriers between public and private markets. “The end of public vs. private markets is beginning. Capital formation too is more efficient in crypto markets. This is democratization of finance and it’s only going to accelerate from here.” – Raoul Pal Raoul Pal: Impacts on Robinhood, Crypto, and Financial Markets Robinhood’s tokenized stock trading could generate significant revenue through potentially higher-margin trading fees. Analyst Ed Engel from Compass Point sees this innovation as a major driver for Robinhood’s growth, raising the company’s price target to $96 while reiterating a “Buy” rating. It’s a modest bump, but could be the catalyst that allows Robinhood to break into the S&P 500. Moreover, Robinhood’s crypto revenue is exploding, now valued at $252 million in Q2, up 100% from last year. As Robinhood folds tokenized stocks, staking, and crypto futures into one system, the firm is betting big on a redefined market structure. Others may dabble, but Robinhood is building the new financial rails that Millennials and Gen Z will use for decades. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Robinhood’s crypto revenue is exploding, now valued at $252 million in Q2, up 100% from last year. As Robinhood folds tokenized stocks, staking, and crypto futures into one system, the firm is betting big on a redefined market structure. The post Robinhood Tokenized Stocks Hits New ATH: Is HOOD Stock the Best HODL of 2025? appeared first on 99Bitcoins.

The past weekend was favorable for Bitcoin as the price was able to rebound from last week’s lows and go on to reclaim $108,000 ahead of the new week. This has boosted market sentiment once again, prompting investors to return to the table. However, as the price continues to sit in the green, one crypto analyst has sounded the alarm that the Bitcoin price may be headed for another crash toward the support area close to $100,000. Why A Bitcoin Price Crash Is Imminent In the TradingView analysis, the crypto analyst reveals the reason why the Bitcoin price could dump back downwards is because of mounting resistance. This is because, as the leading cryptocurrency moves toward new all-time highs, there is the possibility of a pushback before it is able to continue its rally. In this case, the crypto analyst does expect the Bitcoin price to keep rising. But they see a lot of resistance for the digital asset just above $109,000. More specifically, at $109,500, which is still a ways away from the $112,000 needed to create a new all-time high, the cryptocurrency is expected to meet new resistance and dump back downward. This stiff resistance opens up an opportunity for market shooters to enter into the trade. According to the chart, it is possible for the Bitcoin price to actually move toward the low $100,000s. Currently, there is major support at $102,500, and if the digital asset does lose its footing, this is likely where the bulls will stage their recovery once more. Sweeping For Liquidity At Lower Ranges Another crypto analyst, Riscora, has supported this move with their own analysis, also predicting that a pullback is possible from here. This still boils down to mounting resistance as the Bitcoin price moves toward the possibility of reaching a new all-time high, and budding liquidity rises at the lower levels. The analyst explains that as liquidity has now been taken in the higher levels, after Bitcoin hit $108,000, there is bound to be a correction. This time around, they expect the correction to be much deeper given the recent bullish impulse move. The target from her sis a move back into the $107,000 territory, before moving further downward to take on the $106,400 support. Despite the expectation of a price dip, the analyst warns that the Bitcoin price remains overall bullish from here. As the crypto market ushers in the month of July, which is usually bullish for Bitcoin, it is possible that the cryptocurrency does put in a new all-time high this month, seeing as there is less than a 5% move left to beat its current $111,900 peak.

Solana (SOL) has retested a crucial resistance level after recovering the $150 level over the weekend. The surge, fueled by the upcoming launch of a SOL-based staked exchange-traded fund (ETF), has led some analysts to forecast a rally toward the next key target. Solana Staked ETFs Coming On Wednesday On Monday, Solana’s price soared to a key resistance level following the introduction of “the first-ever Solana staked crypto ETF in the US.” Rex Shares announced it will launch a Solana-based staked ETF this Wednesday, aiming to offer exposure to SOL and staking rewards. According to the X post, the REX-Osprey ETF will track SOL’s performance while “generating yield through on-chain staking,” starting a “new era of yield-generating crypto exposure.” As a result, Solana climbed to the $160 barrier, which led to nearly $9 million in short positions liquidated on Monday afternoon. Market Watcher Daan Crypto Trades considers Solana “bounced nicely over the weekend” but has yet to turn the Low Timeframe (LTF) trend around. He explained that reclaiming the $159-$167 area is necessary to aim for higher levels. Additionally, the Daily 200-day Moving Average (MA) and Exponential Moving Average (EMA) are currently located within this range. “I would want to see price trade back above that to start targeting the $180-$200 region again,” he detailed. Nonetheless, the trader questioned whether a Solana spot ETF-driven rally will fuel the cryptocurrency’s run. Notably, multiple investment firms, including Grayscale, VanEck, 21Shares, and Bitwise, have filed with the Securities and Exchange Commission (SEC) to launch a spot SOL ETF in the US. According to recent reports, the investment products have a “high likelihood” of being approved in the coming weeks, which has seemingly fueled investors’ expectations of a bullish “Solana Summer.” “The big question is how much demand there will be,” Daan asserted, noting that Ethereum (ETH) sport ETFs, approved in July 2024, had a disappointing launch and “only started seeing decent inflows about a year later.” SOL Ready For Another Breakout? Following the ETF-fueled breakout, analyst Hardy noted Solana’s “Textbook move, clean breakout, clean retest, and pump,” which could trigger a run toward the $200 barrier. Notably, the cryptocurrency saw a remarkable performance over the weekend, reclaiming the $144-$148 crucial area and breaking past the $150 mark. Amid this performance, the analyst highlighted that Solana had broken out of its local downtrend line after reclaiming the $148 resistance and was retesting the breakout zone. He explained that there is “Juicy liquidity sitting above, ready to be taken,” adding that Solana needed to hold the $150 support to continue its bullish run toward the next target. Meanwhile, analyst Crypto Batman considers that Solana is “setting up very nicely” after the $160 retest. Per the post, “It has broken out from a bullish flag pattern that bottomed at the 0.618 Fibonacci level, a clear sign of impulsive strength in the trend.” It’s worth noting that SOL has been trading within the bullish formation since the May breakout, hovering between the $130 and $180 range for nearly two months. The analyst forecasted that a quick retest to close the bullish Fair Value Gap (FVG) and the pattern’s upper boundary, around the $148 area, “could set the stage for the next leg.” As of this writing, Solana is trading at $155, a 2% increase in the daily timeframe.

US equities ended Q2 2025 on a strong note, with the S&P 500 and Nasdaq 100 rallying to new record highs on the final trading day of June. The S&P 500 erased all losses from Q1 and early April, previously triggered by President Trump’s “Liberation Day” tariffs, and surged 5% in June, bringing its Q2 gain to 11%, marking its best quarterly performance since December 2023. close Fig 2: Singapore 30 CFD Index minor trend as of 1 July 2025 (Source: TradingView) Fig 2: Singapore 30 CFD Index minor trend as of 1 July 2025 (Source: TradingView) Since its 23 June 2025 low of 396.58 (also a retest on the 50-day moving average), the price actions of the Singapore 30 CFD Index (a proxy of the MSCI Singapore futures) have evolved into a minor ascending channel and reintegrated back above the 20-day moving average on last Thursday, 26 June. In addition, the hourly RSI momentum indicator has continued to flash out a bullish momentum condition, holding above a parallel ascending trendline support at the 58 level. These observations suggest that the Singapore 30 CFD Index is likely undergoing a potential bullish impulsive up move sequence within its minor and medium-term uptrend phases (see Fig 2). Watch the 410.50 short-term pivotal support to maintain the current bullish tone for the next intermediate resistances to come in at 417.20 and 419.50/420.90 (also a Fibonacci extension). On the other hand, failure to hold at 410.50 negates the bullish tone for a slide towards 407.00 (also the 20-day moving average), and a break below it triggers a deeper minor corrective decline to expose the next intermediate support at 403.30 (also the 50-day moving average). Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Ethereum currently has strong support at $2,200, but one analyst has pointed out that if the level fails, the next region to watch could be $1,160. On-Chain Data Shows Strong Ethereum Demand Zone Near $2,200 In a new post on X, analyst Ali Martinez has talked about where support lies for Ethereum based on on-chain data. In on-chain analysis, levels are considered as major support/resistance zones if they host the cost basis or acquisition level of a significant part of the ETH supply. The reason behind this lies in the fact that investors are more likely to show some kind of reaction when the retest of their break-even level takes place. This buying/selling is irrelevant to the wider market if only a few holders are having it tested at once, but the story can be different when the retest is of the cost basis of a large amount of them. Below is the chart shared by the analyst that shows how the different price levels around the current Ethereum spot price are currently looking in terms of the amount of supply that was purchased at them. In the graph, the size of the dot corresponds to the amount of Ethereum supply contained within the associated price range. It would appear that, out of the ranges listed, the $2,218 to $2,396 levels currently have the largest dot, meaning that they host the most supply. More specifically, this range has the cost basis of 6.28 million addresses, who purchased a total of 67.2 million ETH at its levels. Given this fact, it’s possible that should a retest of the range occur, investors could show a strong reaction. But what kind of reaction would it be, buying or selling? Well, these investors are in profit right now and usually, such holders are more likely to double down on the asset during declines to their acquisition mark, as they may believe the same price level would turn out to be profitable again in the future. As such, the $2,218 to $2,396 range could end up acting as a strong support level for Ethereum. In the scenario that ETH falls below the lower end of the range around $2,200, however, it may have to rely on support elsewhere. From the chart, it’s apparent that all the ranges below are much smaller in terms of supply. The next major support zone lies all the way down at $1,160, where 35.9 million addresses acquired 21.58 million tokens. Naturally, Ethereum doesn’t have to slip right through to this zone if $2,200 is lost, but if the data is to go by, it does suggest that the coin could have a harder time regaining footing below it. ETH Price Ethereum is holding above the on-chain demand zone for now as its price is floating around $2,475.

Cardano price started a fresh decline from the $0.590 zone. ADA is now consolidating and might attempt a fresh increase above the $0.5820 zone. ADA price started a fresh decline below $0.5820 and $0.5750. The price is trading above $0.560 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.5640 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh decline if it dips below the $0.5560 support zone. Cardano Price Fails To Extend Gains In the past few sessions, Cardano saw a fresh decline from the $0.590 zone, unlike Bitcoin and Ethereum. ADA declined below the $0.580 level and trimmed most gains. The bears pushed the price below the 50% Fib retracement level of the upward move from the $0.5567 swing low to the $0.5902 high. The price even spiked below the $0.570 support but stayed above $0.5650. There is also a key bullish trend line forming with support at $0.5640 on the hourly chart of the ADA/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $0.5567 swing low to the $0.5902 high. Cardano price is now trading above $0.5650 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.5735 zone. The first resistance is near $0.5820. The next key resistance might be $0.590. If there is a close above the $0.590 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.620 region. Any more gains might call for a move toward $0.6350 in the near term. More Losses In ADA? If Cardano’s price fails to climb above the $0.5820 resistance level, it could start another decline. Immediate support on the downside is near the $0.5640 level and the trend line. The next major support is near the $0.5460 level. A downside break below the $0.5460 level could open the doors for a test of $0.5250. The next major support is near the $0.510 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.5640 and $0.5460. Major Resistance Levels – $0.5735 and $0.5820.

Although Bitcoin (BTC) has recorded slight gains over the past month – up 3.6% in the last 30 days – the leading cryptocurrency is experiencing a lack of Apparent Demand, indicating broader market weakness that could lead to a price slump in the near term. Bitcoin Apparent Demand Enters Negative Territory According to a recent CryptoQuant Quicktake post by contributor Crazzyblockk, Bitcoin’s new buyer demand is failing to absorb the combined supply pressure from freshly mined BTC and selling from long-term holders (LTHs). As a result, BTC’s Apparent Demand has turned negative. The analyst noted that the imbalance between buyer demand and excessive supply has created a high-risk environment for a near-term price correction. Notably, the $100,000 level remains an important support for the flagship digital asset. For the uninitiated, Bitcoin’s Apparent Demand measures the balance between new buying interest and the supply of coins entering the market from miners and LTHs selling. When this metric turns negative, it means that the amount of BTC being sold exceeds new purchases, indicating potential market weakness and downward price pressure. BTC entering negative Apparent Demand territory can be considered a bearish development for two key reasons. First, it directly increases the “for sale” BTC supply, exerting downward pressure on the cryptocurrency’s price. Second, significant selling by LTHs – often considered seasoned and sophisticated investors – suggests that experienced players believe the crypto market has likely reached a local top and are exiting before a potential severe market downturn. The analyst added: Consequently, the market is in a vulnerable state. Any price rallies from here will likely struggle to overcome this wave of available supply, and market support may be weaker than anticipated. While not a guarantee, this on-chain signal strongly suggests a period of caution is warranted until demand shows clear signs of recovery. That said, recent on-chain analysis indicates a more optimistic outlook. According to fellow CryptoQuant analyst Avocado_onchain, the 30-day moving average (MA) of Bitcoin Binary Coin Days Destroyed (CDD) shows signs of healthy consolidation rather than a potential local top. Some Positive Signs For BTC While BTC’s Apparent Demand might be drying up, easing global geopolitical tensions could catalyze a rally in risk-on assets, including cryptocurrencies. Further positive macroeconomic developments may also benefit BTC, potentially leading to a cycle top much higher than currently anticipated. Another indicator negating the possibility of a major price pullback is the steadily rising short-term holder (STH) floor price, which has surged to as high as $98,000 according to the latest on-chain data. At press time, BTC trades at $107,500, down 0.5% in the past 24 hours.

Spanish authorities, supported by Europol and enforcement teams from France, Estonia, and the United States, have taken down a sprawling crypto money laundering operation that moved over $540 million in criminal proceeds. Five people have been arrested in connection with the scheme. Three of them were found in the Canary Islands, and the other two were apprehended in Madrid. The coordinated action marks one of the most significant crypto-related crackdowns in the region to date. Following the Europol crypto bust, regulators are expected to tighten oversight on exchanges and enforce stricter KYC policies. A Blended Network of Cash and Crypto The criminal group is accused of creating a sophisticated network of shell companies in Hong Kong that operated as fake payment processors. These firms opened bank accounts using false documents and used them to route funds between Europe and Asia. Once the money was inside the system, it was transferred across several accounts, mixed with cryptocurrency transactions, and reintroduced into the traditional banking sector as if it had clean origins. Investigators believe the group laundered around 460 million euros by layering cash deposits, wire transfers, and digital assets to avoid detection. Funds were frequently cycled through crypto platforms, adding another layer of complexity to tracking the money trail. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 A New Level of Enforcement Collaboration What stands out about this case is the level of coordination across borders. Europol provided operational support, intelligence sharing, and digital forensics. Spanish police led the investigation, with other countries stepping in to help with evidence gathering and data tracing. Authorities say the international cooperation was essential in tracking the funds and linking them to real-world actors. BitcoinPriceMarket CapBTC$2.13T24h7d30d1yAll time This isn’t the first time cryptocurrency has been at the center of a financial crime ring, but it may be one of the largest in terms of structure and geographic scope. The group’s setup relied heavily on regulatory gaps across jurisdictions, making use of weak identity checks and light oversight in some regions to move money with minimal scrutiny. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July2025 Regulators Are Catching Up Just a few years ago, tracing this type of criminal activity would have been a much steeper challenge. The tools and regulatory frameworks have improved significantly, especially in Europe. Governments now have access to better blockchain analytics, closer inter-agency relationships, and stronger compliance expectations from crypto businesses. Cases like this show that digital assets are no longer outside the reach of enforcement. The ability to track transactions on public blockchains, combined with improved know-your-customer rules, makes it harder for these kinds of operations to stay under the radar. What’s Next for the Investigation The suspects will now face trial in Spain, though authorities expect further action in other countries where connected companies or individuals may have played a role. Europol stated that the investigation is ongoing, and officers are following new leads and preparing for additional arrests. As this case unfolds, it may become a benchmark for future prosecutions involving crypto-related laundering. It also adds more pressure on regulators to tighten standards and close the loopholes that allow these schemes to grow. This Europol crypto bust shows how law enforcement is catching up with digital finance crimes using advanced blockchain tracking. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Authorities dismantled a $540 million crypto laundering operation tied to shell companies and cross-border transfers. Spanish police, backed by Europol and agencies from France, Estonia, and the U.S., arrested five individuals connected to the scheme. The criminal network funneled dirty money through fake Hong Kong-based payment processors and layered it with crypto transactions. Improved international collaboration and blockchain forensics helped track and link the funds to real-world suspects. The case highlights growing regulatory pressure to close identity and compliance gaps across global crypto platforms. The post Europol Busts $540 Million Crypto Laundering Network appeared first on 99Bitcoins.

XRP price started a steady increase above the $2.220 zone. The price is now correcting gains and might find bids near the $2.20 zone. XRP price started a fresh increase above the $2.220 zone. The price is now trading above $2.180 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $2.280 resistance zone. XRP Price Regains Traction XRP price formed a base above the $2.120 level and started a fresh increase, beating Bitcoin and Ethereum. The price was able to climb above the $2.180 and $2.20 resistance levels. The pair even surged above the $2.30 level. A high was formed at $2.327 and the price is now correcting gains. There was a move below the $2.280 level. It dipped below the 50% Fib retracement level of the upward move from the $2.165 swing low to the $2.327 high. The price is now trading above $2.180 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $2.20 on the hourly chart of the XRP/USD pair. It is close to the 76.4% Fib retracement level of the upward move from the $2.165 swing low to the $2.327 high. On the upside, the price might face resistance near the $2.280 level. The first major resistance is near the $2.30 level. The next resistance is $2.320. A clear move above the $2.320 resistance might send the price toward the $2.350 resistance. Any more gains might send the price toward the $2.40 resistance or even $2.450 in the near term. The next major hurdle for the bulls might be $2.50. Fresh Decline? If XRP fails to clear the $2.280 resistance zone, it could start another decline. Initial support on the downside is near the $2.220 level. The next major support is near the $2.20 level. If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.150 support. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.220 and $2.20. Major Resistance Levels – $2.280 and $2.320.

Germany’s biggest banking group, Sparkassen-Finanzgruppe, is finally warming up to crypto. After years of brushing it off as too risky and too unstable, the institution is now preparing to let nearly 50 million customers buy and sell digital assets like Bitcoin and Ethereum from inside their regular banking app. No new apps, no third-party wallets, just straight through the platform millions already use. The rollout is expected by mid-2026 and is being built by DekaBank, Sparkassen’s asset manager, which already holds a crypto custody license under German law. That gives the whole project a layer of legal protection most crypto startups could only dream of. From Skeptic to Onboard It wasn’t long ago that Sparkassen was warning people to steer clear of crypto entirely. In 2023, the board was still convinced the risks were too high—concerns ranged from wild price swings to fraud, to a lack of regulation. But a few things changed. First, the EU introduced MiCA, giving banks a proper framework to work with. Second, competitors started stepping into the space, and customers began asking why Sparkassen wasn’t keeping up. People weren’t just curious. They were ready. Matthias Dießl, representing the Bavarian branch of Sparkassen, admitted that customer interest was too big to ignore. In a world where financial services are constantly evolving, staying silent on crypto started to look more like falling behind than playing it safe. DISCOVER: Best New Cryptocurrencies to Invest in 2025 How It Will Work Instead of directing users to outside exchanges, Sparkassen will let people buy and sell crypto directly within their existing mobile banking apps. No separate onboarding, no extra KYC checks. That’s a big deal in terms of accessibility. And because the backend is powered by DekaBank, customers don’t have to worry about where their funds are going or who’s holding them. BitcoinPriceMarket CapBTC$2.13T24h7d30d1yAll time This isn’t a flashy, hype-driven rollout. Sparkassen says it won’t offer investment advice or market the service heavily. But it will include clear warnings about the risks. The bank wants to provide access, not encouragement. DISCOVER: 20+ Next Crypto to Explode in 2025 Everyone Else Is Doing It Too Sparkassen is joining a growing list of banks across Europe that are taking crypto seriously. Deutsche Bank is deep into custody services. Börse Stuttgart runs the Bison app, one of Germany’s most active crypto trading platforms. Even Volksbanken, one of the more traditional names in German banking, is experimenting with crypto pilots. EthereumPriceMarket CapETH$300.35B24h7d30d1yAll time Elsewhere in the EU, banks in Luxembourg and France are testing tokenized assets and applying for MiCA licenses. What was once seen as niche is becoming part of regular banking infrastructure, especially now that the rules are clearer and the demand is louder. Not Without Caution Sparkassen hasn’t thrown caution out the window. German regulators flagged nearly 9,000 suspicious crypto-related transactions in 2024 alone. Financial crime remains a top concern, especially when crypto is involved. That’s one reason Sparkassen is building on its own infrastructure instead of outsourcing. It’s a way to stay in control while expanding into new territory. Why This Move Matters Letting millions of everyday users access crypto through a traditional bank is a big deal. It removes friction, adds legitimacy, and forces other institutions to reconsider where they stand. For customers, it means they can finally explore digital assets without needing to dive into unfamiliar platforms. And for Sparkassen, it’s a clear signal: crypto is no longer something to ignore. It’s now something you build for. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Sparkassen will allow 50 million customers to trade crypto directly from their banking app by 2026. DekaBank, which holds a German crypto custody license, is building the infrastructure behind the rollout. The shift follows growing demand, clearer EU regulation under MiCA, and increased competition from other banks. Users won’t need new apps or extra KYC steps, making access easier and more secure for mainstream customers. Sparkassen plans a cautious rollout with risk warnings, maintaining control by using in-house systems instead of outsourcing. The post Sparkassen to Let 50 Million Germans Trade Crypto by 2026 appeared first on 99Bitcoins.

Bitcoin and Ethereum both posted modest gains in the past week, with BTC rising 6.2% and ETH up by 9.6%. However, momentum appears to have paused at the start of the new week. As of Monday, Bitcoin trades just above $107,000 after a slight 0.6% daily dip, while Ethereum has remained flat over the past 24 hours. Analysts have turned to blockchain data and macro signals for cues on where the market may head next. Bitcoin and Ethereum Onchain Trend Recent insights from CryptoQuant Quicktake platform contributor Amr Taha provide some context behind the price action. In a detailed post, Taha noted that Ethereum inflows to Binance have continued for five consecutive days, a trend that could suggest either rising sell pressure or repositioning by major players. At the same time, data from Bitcoin’s short-term holder (STH) Net Position Realized Cap shows a notable reversal, increasing from negative $49 billion to over $5 billion. This pattern is typically associated with increased activity from retail investors, especially during periods of upward price movement. Taha noted: Historically, spikes in (STH) occur near potential market tops, as retail investors tend to FOMO into Bitcoin rallies. While this doesn’t necessarily signal a reversal, it has often preceded short-term corrections or periods of sideways consolidation. Bitcoin’s steady climb in June, despite occasional pullbacks, appears to have encouraged smaller investors to re-enter the market. In the case of Ethereum, another CryptoQuant analyst, “crypto sunmoon,” pointed to continued accumulation by long-term holders during last month’s price consolidation. This suggests a different dynamic is at play on the Ethereum side, with more patient capital building positions amid ongoing price suppression. Long-term holder accumulation often indicates growing confidence in an asset’s future, even if current market conditions appear lackluster. US Policy and Macro Risk Add Layers to Market Outlook Beyond market behavior, external factors may also shape crypto price action. Amr Taha highlighted recent political developments in the United States, particularly former President Donald Trump’s announcement of a proposed Senate bill promising wide-reaching tax cuts. The bill, which excludes taxes on tips, overtime, and Social Security income, could lead to an increase in consumer liquidity. If passed, this could impact investor appetite across both traditional and digital markets by temporarily boosting household spending power. However, not everybody is convinced of the bill’s long-term implications. Tesla CEO Elon Musk warned that the measure, if not accompanied by spending cuts, could expand the federal deficit and lead to economic instability over time. Large fiscal imbalances often have ripple effects on monetary policy, potentially affecting interest rates, inflation expectations, and risk sentiment, all of which can influence investor behavior in crypto markets. Taha concluded: Geopolitical disturbances can significantly impact investor sentiment. In response, investors might reconsider their positions in asset markets, possibly moving away from riskier assets and equities toward more stable options like bonds or safe-haven currencies. Featured image created with DALL-E, Chart from TradingView

🚨 Alerta de Liquidez: Repos disparam 11.000% em um único dia — Estresse volta aos mercados? Por Igor Pereira – Analista de Mercado Financeiro, Membro Junior Wall Street NYSE Na virada de junho para julho de 2025, o mercado financeiro global foi surpreendido por um movimento técnico extremamente raro: os acordos de recompra overnight (Overnight Repos) registrados pelo Federal Reserve saltaram de níveis residuais para impressionantes US$ 11,075 bilhões em apenas 24 horas — uma alta de mais de 11.000%. O gráfico da FRED mostra com clareza o desvio abrupto, ocorrido no dia 30 de junho de 2025, indicando uma forte demanda emergencial por liquidez de curtíssimo prazo por parte de instituições financeiras. 🧩 O que são os repos e por que isso importa? Os overnight repos são acordos de recompra em que instituições financeiras trocam temporariamente títulos do Tesouro por liquidez em dólares, prometendo recomprá-los no dia seguinte. Normalmente utilizados como ferramenta de gestão de caixa ou contenção de choques de liquidez, seu aumento abrupto sinaliza estresse financeiro, aversão ao risco interbancário e/ou deterioração de balanços. 📌 O que está acontecendo nos bastidores? Além dos dados de repos: O uso da Janela de Desconto (Discount Window) também atingiu o maior patamar desde o colapso do SVB em março de 2023, segundo dados internos do Fed. Os empréstimos emergenciais via BTFP e outras linhas de crédito de emergência voltaram a subir, ainda que discretamente. Tudo isso acontece em meio a um ambiente de: Alta concentração de risco em ativos tecnológicos; Forte queda no DXY (-10% no ano); Queda acentuada no crédito corporativo de alto rendimento (high yield bonds); Crescente expectativa de corte de juros para setembro (segundo Goldman, UBS, Jefferies, entre outros). 📉 Impactos nos mercados financeiros 🪙 XAU/USD (Ouro) Esse tipo de disfunção tende a ser altamente positivo para o ouro. A busca por liquidez e segurança normalmente leva investidores a aumentarem a exposição ao metal. O suporte em US$ 3.240 permanece firme, com potencial rompimento de US$ 3.400 caso haja nova rodada de pânico. A volatilidade implícita está baixa (GVZ < 15%), favorecendo compras táticas via opções. 💵 Dólar (DXY) A disparada dos repos sugere enfraquecimento estrutural na confiança interbancária, o que reduz o apetite global por dólares. O DXY já está em sua pior performance semestral desde 1973, e novas pressões podem acelerar essa queda. 📈 Mercado de Treasuries Forte demanda por liquidez geralmente vem acompanhada de compra intensa de Treasuries curtos (2Y–5Y). Isso achataria a curva e reforçaria o cenário de corte de juros antecipado. 🏦 Bancos e Crédito O aumento do uso da Janela de Desconto pode indicar que algumas instituições estão enfrentando dificuldades de funding. Potencial risco de problemas bancários latentes voltarem à tona, sobretudo em bancos médios e regionais dos EUA. 📆 O que esperar nos próximos dias? Evento Data Relevância Discurso de Jerome Powell 1º de julho Pode comentar diretamente o movimento nos repos ISM Manufacturing PMI 2 de julho Sinaliza saúde do setor industrial Payroll de junho 4 de julho Catalisador-chave para corte de juros Deadline das tarifas Trump 9 de julho Risco inflacionário e de guerra comercial FOMC e Projeções Econômicas 30 de julho Pode oficializar mudança de postura monetária 🔍 Opinião do analista Igor Pereira O salto abrupto nos repos é um alerta silencioso, mas potente, de que há estresse latente dentro do sistema bancário dos EUA. Esses movimentos não acontecem por acaso, e sempre precedem períodos de turbulência ou intervenção. Para traders e investidores, esse é o momento de: Reduzir exposição a ativos de risco (ações pequenas, bonds high yield); Aumentar proteção com ouro (XAU/USD) e Treasuries curtos (2Y–5Y); Monitorar atentamente dados de crédito, liquidez e swaps bancários. O Fed provavelmente tentará minimizar o impacto, mas o mercado já está se adiantando, e a curva de juros começa a precificar um cenário mais dovish — ou até de emergência. 📌 Resumo:

Ethereum price started a fresh increase above the $2,485 zone. ETH is now consolidating gains and might soon aim for a move above the $2,520 resistance. Ethereum started a fresh upward move above the $2,465 level. The price is trading above $2,460 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $2,400 zone in the near term. Ethereum Price Eyes Fresh Gains Ethereum price started a fresh increase above the $2,440 support level, like Bitcoin. ETH price was able to clear the $2,460 and $2,480 resistance levels to move into a positive zone. The bulls even pushed the price above the $2,500 zone. However, the bears were active near the $2,520 level. A high was formed at $2,522 and the price is now consolidating gains. The price dipped below the 23.6% Fib retracement level of the upward move from the $2,435 swing low to the $2,522 high. Ethereum price is now trading above $2,460 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,450 on the hourly chart of ETH/USD. It is close to the 76.4% Fib retracement level of the upward move from the $2,435 swing low to the $2,522 high. On the upside, the price could face resistance near the $2,520 level. The next key resistance is near the $2,550 level. The first major resistance is near the $2,600 level. A clear move above the $2,600 resistance might send the price toward the $2,680 resistance. An upside break above the $2,680 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone or even $2,800 in the near term. Downside Break In ETH? If Ethereum fails to clear the $2,520 resistance, it could start a fresh decline. Initial support on the downside is near the $2,450 level and the trend line. The first major support sits near the $2,420 zone. A clear move below the $2,420 support might push the price toward the $2,400 support. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,320. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,420 Major Resistance Level – $2,520

Market tactician Daan Crypto Trades (@DaanCrypto) has put a statistical spotlight on Bitcoin’s habit of dozing through June before rewarding – and sometimes punishing – traders in the following quarter. “BTC June has historically been a pretty slow month,” he wrote, noting that the just-ended period was no exception, with spot prices meandering in a narrow band and finishing “pretty flat.” The comment was accompanied by a Coinglass heat-map of monthly returns that reaches back to 2013 and vividly illustrates the summer pattern he is talking about. What July Hides For Bitcoin The numbers support the observation. According to the Coinglass dataset, the mean return for June over the past twelve years is essentially zero (-0.12 %), while July posts a respectable +7.56% on average and an even stronger +8.90 % on the median. August cools to a modest +1.75% mean, and September is where the sell-side pressure historically bites, averaging -3.77% with a negative median of -4.35%. A simple frequency count underscores the asymmetry: July has finished green in eight of the last twelve years, whereas August and September managed only four positive outcomes each. Years that veterans still recall – 2017’s +65.32 % August melt-up followed by a -7.44 % September slide, or 2020’s +24.03 % July rally that surrendered to a -7.51 % September pullback – appear to have etched the “big flush-out” narrative into collective memory. Daan’s takeaway is behavioural rather than predictive: “August & September are where we often see a big flush-out but are also the dips you often want to be buying into the end-of-the-year rally… it’s good to be aware of these seasonalities. That way you can focus more on the larger timeframe and won’t get spooked or get over-excited too easily.” The comment arrives just as Bitcoin tests a cluster of long-timeframe resistances. In a post on Saturday he reminded followers that BTC is “close to all-time high but at resistance… [it] is yet to close a weekly or more than two consecutive daily candles above that resistance. Once it does, we can start getting excited for a larger move.” The seasonality conversation matters because it collides with a crowded macro calendar and a notoriously illiquid holiday stretch. While historical averages do not guarantee future performance, the heat-map suggests that directional conviction often returns in October – the best-performing month on the table with a +21.89 % mean. For traders, that leaves a two-month corridor in which whipsaw moves are common and positioning discipline becomes paramount. Daan extends the framework to altcoins via the TOTAL3 index (crypto market cap excluding Bitcoin and Ether). “The TOTAL Altcoin Market Cap has held on to its local support but is still not showing any clear trend… to really get this high timeframe move going you want to break those local highs above the ~$950 B mark. At that point you can start aiming for cycle highs.” Whether 2025 repeats the seasonality script will hinge on the macro environment, ETF inflows and, above all, Bitcoin’s ability to convert resistance into fresh price discovery. Until that weekly close arrives, seasoned traders appear content to keep summer expectations firmly tethered to the data – exactly as Daan recommends. At press time, BTC traded at $107,344.

📉 Cautela ou corte agressivo? Bancos divergem sobre próximos passos do Fed em 2025 Por Igor Pereira, Analista de Mercado – Membro Junior WallStreet NYSE A mais recente tabela do Wall Street Journal com as projeções de 18 instituições financeiras globais sobre os próximos movimentos do Federal Reserve revela um cenário de divergência profunda quanto ao timing e à intensidade dos cortes de juros esperados para 2025. Enquanto alguns bancos como MUFG, UBS e Wells Fargo projetam cortes de até 100 pontos-base (bps) já a partir de julho ou setembro, casas como Bank of America, BNP Paribas e Morgan Stanley não esperam cortes neste ano — evidenciando a incerteza que domina o ambiente macro dos EUA. 📊 Visão geral das projeções para 2025 Corte em setembro: Citigroup, Goldman Sachs, Jefferies, RBC, UBS e Wells Fargo (com cortes de 75–100 bps) Corte em dezembro: Barclays, Deutsche Bank, JP Morgan, Nomura, LH Meyer, Oxford Economics (em geral 25 bps) Corte em outubro: S&P Global e TD Securities (50 bps) Corte já em julho: MUFG (100 bps) Sem cortes: Bank of America, Morgan Stanley, BNP Paribas 💥 Impactos no mercado financeiro global 🪙 Ouro (XAU/USD) Expectativas de corte agressivo, principalmente a partir de setembro, reforçam pressão compradora no ouro, apesar da consolidação recente. O nível de suporte técnico se mantém entre US$ 3.280 e US$ 3.300, com retomada esperada após Payroll e ISM. Opções estão baratas — volatilidade implícita abaixo da média histórica favorece proteção de downside ou compra via call spreads. 💵 Dólar (DXY) O índice DXY já acumula queda de mais de 10% no ano, seu pior início desde 1973. Um corte antecipado (julho ou setembro) poderia acelerar a desvalorização, principalmente frente a moedas emergentes e commodities-linked. 📉 Treasuries O mercado de juros já precifica 2 a 3 cortes em 2025. Com yields do 10Y recuando para a faixa de 4,25%, há espaço para forte valorização dos títulos longos caso os cortes comecem antes do esperado. 📈 Ações e Risco Com expectativas de estímulo monetário, o rali de Nasdaq e S&P500 deve continuar enquanto não houver reversão dos fundamentos. O setor de tecnologia e IA permanece como líder, mas o início do blackout de recompra em julho pode gerar maior volatilidade. 📅 Principais datas e catalisadores Evento Data Relevância ISM Manufacturing (junho) 2 de julho Avalia força da indústria Payroll (junho) 4 de julho Direciona o corte de julho Deadline tarifas Trump 9 de julho Risco inflacionário/comercial Temporada de lucros Q2 meados de julho Confirma saúde corporativa FOMC (reunião Fed) 30 de julho Atualização de tom e projeções 🧠 Opinião do analista Igor Pereira A divergência nas projeções mostra que o Fed está operando no escuro, e o mercado também. Em minha visão, há espaço para até 75 pontos-base de corte em 2025, com início provável em setembro, condicionado à deterioração nos dados de emprego e inflação persistentemente abaixo da meta. O mais importante agora é o Payroll de junho. Um número fraco, aliado à desaceleração da atividade, pode forçar Powell a preparar o mercado para um corte já em julho — movimento que fortaleceria ainda mais o ouro e pressionaria o dólar. Recomendo ao trader/investidor: Manter exposição gradual a ouro e ativos defensivos; Considerar posições longas em Treasuries entre 5 e 10 anos; Reduzir posições em dólar frente a moedas como EUR, CHF e AUD; Focar em operações táticas com base nos eventos de julho.

🌐 Trimestre de Euforia: Ações, Cripto, Ouro e Títulos disparam enquanto o dólar vive seu pior início de ano desde 1973 Análise PREMIUM Por Igor Pereira, Analista de Mercado Financeiro – Membro Junior WallStreet NYSE O segundo trimestre de 2025 encerrou com um forte rali coordenado nos mercados globais, marcado por valorização expressiva em ações, ouro, Bitcoin, petróleo e títulos públicos dos EUA, enquanto o dólar sofreu uma das maiores desvalorizações trimestrais das últimas décadas. Esse cenário, aparentemente desconectado da realidade macroeconômica frágil dos Estados Unidos, tem uma explicação técnica: “bad news is good news” voltou ao centro da tese de risco, com mercados interpretando dados ruins como garantia de cortes de juros iminentes pelo Federal Reserve. 📈 Desempenho dos ativos no 2º trimestre de 2025 Ativo/Indicador Desempenho no trimestre Destaques Nasdaq 100 +11,6% Melhor trimestre desde Q1 2023 S&P 500 +8,9% Fechamento em máximas históricas Bitcoin (BTC) +32,4% Máxima mensal recorde Ouro (XAU/USD) Lateralizado (~US$ 3.320) Pressionado apesar do dólar fraco Petróleo (WTI) +10,2% em junho Melhor mês desde set/2023 Dólar (DXY) -7,8% no trimestre Pior trimestre desde 2022 Treasuries (curva 10Y) -17 bps Demanda forte por proteção 🔍 O que explica esse comportamento sincronizado? Queda da incerteza política e comercial global A trégua nas tensões entre Israel e Irã, o adiamento de tarifas americanas (data crítica: 9 de julho) e o arquivamento de projetos como o S899 reduziram a percepção de risco geopolítico. Fraqueza nos dados macro dos EUA Indicadores de atividade (ISM, payroll, vendas no varejo) decepcionaram, tanto no campo hard data quanto soft data, reforçando a expectativa de que o Fed será forçado a cortar juros. Alta expectativa de cortes em 2026, com 2025 se tornando “vivo” Embora a projeção do Fed continue em 2–3 cortes em 2025, os mercados começaram a antecipar o primeiro corte para setembro, e agora quase 20% já apostam em corte em julho, dependendo do Payroll desta semana. Fluxo técnico em ações: recomposição via Mag7 e inteligência artificial Embora as “Magnificent 7” tenham liderado o trimestre, ainda estão atrás do S&P 493 no acumulado do ano. Ainda assim, a expectativa é que os relatórios de GOOGL, MSFT e AMZN no fim de julho tragam novo fôlego ao tema de infraestrutura de IA. 🪙 Impacto direto sobre o ouro (XAU/USD) Apesar do dólar fraco, o ouro não conseguiu romper novas máximas nos últimos dois meses, sendo pressionado por: Realização técnica após o rali de março e abril; Entrada de capital mais forte em ativos de risco (ações e cripto); Falhas de rompimento acima de US$ 3.400; Rompimento da média de 50 dias, com suporte sendo testado na zona de US$ 3.200. Contudo, a estrutura de alta permanece intacta, com base no canal de alta de médio prazo. 📌 Próximos catalisadores para julho 📉 ISM Manufacturing – terça-feira (2/jul) Deve sinalizar desaceleração adicional na indústria americana. 👷‍♂️ Payroll de junho – quinta-feira (4/jul) Projeção de 113 mil novos empregos. Um número fraco pode antecipar corte em julho. 🧾 Decisão sobre tarifas (9/jul) Fim da pausa tarifária decretada por Trump pode reacender risco de guerra comercial. 📊 Temporada de lucros Q2 (meados de julho) Consenso projeta crescimento modesto de 4% no lucro por ação. Expectativas estão baixas. 💬 Reunião do FOMC – 29 e 30 de julho Embora sem corte esperado, Powell pode preparar o mercado para ação em setembro. 🧠 Opinião do analista Igor Pereira O mercado vive um clássico movimento de "rally no muro de preocupações" — os riscos permanecem, mas são sistematicamente ignorados enquanto a liquidez global e a expectativa de cortes de juros sustentam os ativos de risco. O investidor precisa entender que o atual ambiente não é de euforia irracional, mas sim de rotina pragmática do mercado: enquanto o Fed hesita, o mercado antecipa. Isso pode continuar, mas a partir de agosto o cenário tende a se complicar, com: Blackout de recompra de ações; Risco político elevado (eleições de meio termo, reformas fiscais); Volatilidade sazonal mais elevada. Sugiro cautela tática e diversificação: Aumentar exposição a ouro em suporte; Rebalancear portfólio com proteção (opções, ouro, Treasuries curtos); Observar com atenção tarifas, dados de emprego e lucros corporativos.

Bitcoin price started trading in a range below the $108,800 zone. BTC is now consolidating and might aim for a move above the $108,000 resistance. Bitcoin started a downside correction from the $108,800 zone. The price is trading below $107,500 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $107,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $105,500 zone. Bitcoin Price Eyes Fresh Gains Bitcoin price started a fresh increase above the $105,500 zone. BTC gained pace and was able to climb above the $106,500 and $107,200 levels to enter a positive zone. The bulls pushed the price above the $108,000 resistance and the price tested the $108,800 zone. A high was formed at $108,792 and the price recently corrected gains. There was a move below the $107,500 level. A low was formed at $106,800 and the price is now consolidating losses. There was a recovery above the 23.6% Fib retracement level of the downward move from the $108,792 swing high to the $106,800 low. Bitcoin is now trading below $107,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $107,400 level. There is also a bearish trend line forming with resistance at $107,400 on the hourly chart of the BTC/USD pair. The first key resistance is near the $108,000 level and the 50% Fib level of the downward move from the $108,792 swing high to the $106,800 low. A close above the $108,000 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level. More Losses In BTC? If Bitcoin fails to rise above the $108,000 resistance zone, it could start another decline. Immediate support is near the $106,800 level. The first major support is near the $106,500 level. The next support is now near the $105,500 zone. Any more losses might send the price toward the $105,000 support in the near term. The main support sits at $103,500, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $106,800, followed by $106,500. Major Resistance Levels – $108,000 and $108,800.