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Ethereum is currently consolidating between $3,600 and $3,850 after an explosive rally that saw the second-largest cryptocurrency surge more than 80% since late June. Despite the brief pause in upward momentum, ETH remains in a strong technical position, holding above key support and showing signs of sustained bullish control. This period of sideways action could be a healthy reset, allowing the market to absorb recent gains before initiating the next leg up. What’s fueling the optimism is not just price action, but a supportive macro and regulatory environment. Ethereum fundamentals continue to strengthen, with rising on-chain activity, institutional interest, and long-term holders accumulating. Adding to the bullish case is the growing legal clarity in the US, which is creating a more stable environment for crypto innovation and investment. As regulatory fog lifts, many investors now believe that Ethereum could lead the charge into what some analysts are calling the beginning of an altseason. Ethereum Transactions Surge As Adoption And Momentum Accelerate Ethereum is showing strong signs of renewed momentum as key network activity hits levels not seen in years. According to data from The Block, Ethereum daily transactions just reached a multi-year high of 1,510,000—the highest since 2021. This surge points to rising adoption across the network, with increased activity from both retail and institutional participants. Analysts suggest that this spike in transaction volume is more than a temporary trend; it may signal the beginning of a much larger phase in Ethereum’s growth cycle. The renewed activity aligns with broader market movements and increasing confidence in Ethereum’s long-term value. Institutional players are beginning to accumulate ETH, while smart money continues to position for upside. These inflows come at a time when Ethereum is consolidating just below major resistance levels, offering what many see as a key entry zone ahead of further price appreciation. Notably, Ethereum is now outperforming Bitcoin and much of the broader crypto market. This relative strength is significant, as ETH often leads the altcoin market during bullish phases. As the cycle progresses, Ethereum’s combination of strong fundamentals, rising utility, and institutional adoption is making a compelling case for continued growth. Ethereum Holds Above Support After Rally, Eyes Next Breakout Ethereum (ETH) continues to trade within a key range following a strong rally that pushed the price from below $2,500 to over $3,750 in just a few weeks. As of today, ETH is consolidating around $3,660 after being rejected near $3,742—a major resistance level seen since early 2024. The current weekly candle shows a long upper wick, indicating profit-taking at the top of the range, but price remains supported above the critical $2,852 level, now acting as a flipped support. The rising volume seen during the recent breakout suggests strong participation from buyers, and price action remains bullish as long as ETH holds above its key moving averages. The 50, 100, and 200-week SMAs are all aligned below current price levels, providing structural support and reinforcing the bullish trend. Traders are now closely watching for a decisive breakout above the $3,742 zone. If ETH clears that resistance, the next logical targets lie in the $4,000–$4,200 range. On the downside, a breakdown below $2,850 would invalidate the recent breakout structure. Featured image from Dall-E, chart from TradingView

Overview: The US has struck a trade deal with Japan, Indonesia, and the Philippines and Treasury Secretary Bessent has suggested the August 12 end of the US-China tariff truce will likely be extended next week. The dollar bloc leads the G10 currencies higher amid some creeping optimism, while the euro is the laggard, off about 0.20%. The yen is hovering around little changed levels in what has been a choppy session. Most emerging market currencies are firmer against the dollar. The exception is a handful of central European currencies, which appear to have been dragged lower by the heavier euro. Equities like the developments. The Nikkei rallied 3.5% and Chinese mainland companies that trade in Hong Kong jumped 1.8%. Indonesian and Philippine equities rose more than 1%. Europe's Stoxx 600 is up about 1.2% to an eight-day high. US S&P 500 futures are almost 0.5% better, while NASDAQ futures are up marginally. Bond markets are heavy. The 10-year JGB yield rose 7 bp to almost 1.58%. Benchmark 10-year yields in Europe are up most 2-3 bp but the 10-year Gilt yield is up five. The 10-year US Treasury yield is poised to snap a five-day decline. The yield is up three basis points to 4.37% ahead of the $13 bln sale of 20-year bonds today, a tenor with which the market is not enamored. Gold is virtually flat, holding near the highs, with a three-day rally in tow. September WTI is inside yesterday's range and is straddling the $65-a-barrel level. It has not settled below there since July 1. USD: The Dollar Index fell for the third consecutive session yesterday and for a cumulative loss of about 1.4%. The pullback met the (61.8%) retracement of the gains from the July 1 low near 97.35. It is in a narrow range today in yesterday's trough and has held below 97.60. There may be some support near 97.00 but the price action gives credence to ideas that the upside correction in the first half of month is exhausted. The more-than-three-year low set July 1 was around 96.35. We do not think it is coincidental that the US rates have pulled back. The US 10-year yield fell for the fifth consecutive session yesterday and is off 25 bp over the run. The two-year yield fell for the third day yesterday and down 7-8 bp over the drop. The light economic calendar continues today with June existing home sales. They are essentially flat this year at an average seasonally adjusted annual pace of 4.08 mln. In the first five months of 2024, the average was 4.11 mln. It seems almost surreal that with the various conflict of interests of the Trump administration that the President continues to make allusions to the possibility of fraud involved with the remodeling of the Federal Reserve buildings. In Trump's first term, reports indicated that his team encouraged the Fed to drop its less-expensive glass structure design and insisted on more expensive white marble. In the same way Trump did not remember that he had appointed Powell as chair (recall Yellen was "too short"), it has been conveniently left out of the administration and allies' narratives. EURO: The euro settled higher yesterday, extending its recovery for the third consecutive session and surpassing the (61.8%) retracement objective of the dollar from the July 1 high near $1.1830. That retracement weas found near $1.1725 and the euro's high around $1.1760. It is in roughly $1.1725-$1.1755 range today in what appears to be bullish consolidation. While there are no economic reports today, the calendar turns busy tomorrow with the preliminary PMI, which is expected to have edged higher, and the ECB meeting that is expected to stand pat. After dipping below 50 last November and December, the composite PMI has held above it this year. Next week, the first estimate of Q2 GDP will be reported. After growing 0.6% in Q1 25, the eurozone economy may have contracted by 0.1% in Q2, according to the median forecast in Bloomberg's survey. CNY: The dollar has been sold through support that had been built slightly below CNH7.17 in recent days. It has fallen to almost CNH7.1570 today, a nearly three-week low. The low for the year was set July 1 near CNH7.15. Today is the fifth consecutive session that the greenback recorded lower highs. The dollar's losses may have been fanned by the PBOC set the dollar's reference rate at another new low for the year. The PBOC set the dollar's reference rate at CNY.7.1414 (CNY7.1460 yesterday). Last Wednesday, the fix was at CNY7.1526. The US-China tariff truce runs until August 12, but US Treasury Secretary Bessent opined that the truce may be extended after next week's US-China meeting in Sweden. Some linked the comments to the rally in mainland shares that trade in Hong Kong (1.8% to a four-year high close). JPY: President Trump announced a deal with Japan that would lower the reciprocal tariff on to 15% from 25% and a 12.5% tariff on auto (down from 25%). Japan commits to investing $550 bln in the US and buy more US cars, trucks, rice, other agriculture products, and establish a joint venture to export LNG from Alaska. There were two other developments to note. First, with a deal in hand, there were reports that Prime Minister Ishiba was going to step down shortly, which his office later denied. Still, as we noted yesterday, the pattern is for a prime minister that lost the majority in the upper house to step down within two months, though the sample size is small. Second, the sale of the 40-year JGB was greeted with the weakest demand since 2011. The 40-year bond yield rose 8 bp to 3.46% today. The US trade deal raised the possibility of more spending. The dollar rose yesterday in the Asia Pacific session against the yen and reached almost JPY148. However, European and North American participants took advantage of the upticks to sell more dollars. A low of almost JPY146.30 was recorded in North American turnover. The dollar fell to JPY146.20 today, recovered to JPY147.20 before pulling back to the JPY146.60 area. The dollar overshot the (38.2%) retracement objective of the rally from the July 1 low (~JPY142.70) and the next retracement (50%) is slightly below JPY146, where options for about $735 mln expire today. The 20-day moving average is a bit above it (~JPY146.25) and rising. The daily momentum indicators are turning lower. GBP: With a light economic calendar today, sterling seems at the mercy of the broader movement of the greenback. Yesterday, it rose above $1.3525, which corresponds to the (38.2%) retracement of sterling's decline from the July 1 high near $1.3790. It reached almost $1.3550 today. The next retracement (50%) is slightly above $1.3575, which is also around where the 20-day moving average is (~$1.3565). UK Gilts underperformed initially yesterday after the larger-than-expected deficit was reported, but by the end of the session, 10-year yields were off almost 3.5 bp, to lead the region. Among major bonds markets, only the US 10-year yield fell more. However, today, yields are rising, and the 10-year UK Gilt yield's five basis point rise is the most in Europe. CAD: The US dollar fell by about 0.5% against the Canadian dollar yesterday. It was the largest decline this month. It fell to almost CAD1.3600, a two-week low. Recall that it put the month's high last Thursday near CAD1.3775 The greenback's losses have been extended to almost CAD1.3580 today. The next immediate target is the low from July 3 (~CAD1.3555) and the low for the year set mid-June around CAD1.3540. Canada reports May retail sales tomorrow. The advanced estimate by StatsCan warns of a1.1% decline, which, if confirmed, would be the largest of the year. Autos and parts sales account for around a quarter of Canada's retail sales and a pullback after April purchases, ostensibly to front-run tariffs, are likely to have weighed on May retail sales. Domestic demand is softening, and excluding autos, retail sales may have fallen for the third consecutive month. AUD: The Australian dollar rose for the third consecutive session and settled above the $0.6540 level that seemed to have blocked the upside in recent days. It corresponds to the (61.8%) retracement of the pullback fro85 today. m the July 11 high for the year (~$0.6595). The Aussie reached almost $0.6560 yesterday and about $0.6585 today. Options for almost A$405 mln at $0.6580 expire today. The futures market has a quarter-point cut fully discounted for next month and has about 66 bp of cuts priced in between now and the end of the year. The flash July PMI is out tomorrow. In June, the composite was at 51.6, which matches the high for the year and the best since last August. MXN: The dollar ground lower against the peso for the third straight session and approached the year's low recorded earlier this month near MXN18.5525. The greenback reached its low near midday in NY yesterday (~MXN18.5865). But as the dollar pared its earlier losses more broadly, it recovered to around MXN18.66 in late dealings. News that Mexico's retail sales surged 1.8% in May (median forecast in Bloomberg's survey was for a 0.4% increase) may have helped extend the early peso gains. The April series was revised to show a 1.4% decline instead of a 1% drop. Nevertheless, the IGAE activity report, like a monthly GDP report, was weaker than expected (at 0.01% instead of up 0.2%, and the April series was revised lower (0.43% vs. 0.54%). The dollar is in an exceptionally narrow range so far today (~MXN18.63-MXN18.67). The central bank meets on August 7, and the market is looking for it to stand pat. Mexico report H1 July CPI tomorrow. The year-over-year headline pace looks likely to have declined for the third consecutive bi-weekly period. The median forecast in Bloomberg's survey sees the first sub-4% reading since the end of April. Disclaimer

European Open - US/EU Trade Deal Hopes Rise European stocks rose over 1% on Wednesday, driven by gains in carmaker shares, after US President Trump raised hopes for a trade deal with the EU following an agreement with Japan. The STOXX 600 index climbed 1.1% to 550.14 after three days of losses, while the UK’s FTSE 100 hit a record high, rising 0.5%. France’s CAC 40 led the gains, jumping 1.3%. Automobile stocks surged 3.6%, with companies like Mercedes-Benz, Volkswagen, and Porsche seeing increases of 5.1% to 7.4%, boosted by strong performance in Asia. Trump’s trade deal with Japan reduced U.S. auto import tariffs from 25% to 15% and included $550 billion in US-bound investments and loans. This also improved the chances of an EU-US trade deal, as EU representatives were set to begin negotiations on Wednesday. In the STOXX 600, Temenos saw the biggest gain, jumping 18.1% after raising its full-year earnings forecast. UniCredit rose 3.4% as the Italian bank reported better-than-expected profits and improved its yearly outlook. Swiss company Lonza also gained 6.3% after beating profit expectations. On the downside, Nokia dropped 7.7% after lowering its 2025 profit forecast, putting pressure on media stocks. ASM International fell 9.3%, the biggest drop in the index, due to disappointing second-quarter bookings. SAP slipped 2.5% despite reporting higher profits, helped by cost cuts and strong demand. Overall, European corporate earnings forecasts showed slight improvement on Tuesday. On the FX front, the yen initially strengthened to 146.20 per dollar, its highest since July 11, after trade news. However, it later fell following reports that Ishiba plans to step down next month after losing an upper house election, something Ishiba has since denied. The US dollar has been weak since Trump announced tariffs in April but has stabilized somewhat this month as those tariffs were paused for negotiations. The euro dipped 0.1% to 1.1744 but stayed close to its four-year high from earlier this month. The British pound rose slightly to 1.1354. The Australian dollar gained 0.4% to $0.6581, helped by optimism from the trade deal and higher metal prices, though caution remains. Currency Power Balance Source: OANDA Labs Gold prices have continued their rise this morning despite the improvement in sentiment. Another factor highlighting the ongoing concerns from market participants around potential trade deals yet to be announced. Gold was last trading around around the $3330/oz handle. How are Companies Responding to US Tariffs? Given that Earnings season is now in full flow, Reuters have been tracking company responses to tariffs. As of July 23, Reuters has counted around 279 companies worldwide that have reacted to tariffs in some way or form. The estimated costs to the companies stood at over $34 billion dollars as of the end of May. The tally by Reuters is based on various sources and statements from company officials and includes analysis of financial reports and interviews as well. Source: LSEG Central Banks have been cautious and have no doubt been keeping an eye on these increases as the idea is that this will be passed down to consumers once the August deadline has passed. This in turn could have implications for inflation moving forward and increase the cost of living for citizens across the globe. Economic Data Releases and Final Thoughts Looking at the economic calendar, it is a quiet day in terms of data releases with EU consumer confidence flash data due later in the day. However, earnings season brings some big names after the market closes today. Among the big names reporting will be Alphabet (Google), Tesla, T-Mobile and IBM. This will be the first glance for market participants from the mag 7 stocks which could stoke some interesting market reactions depending on the release. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - FTSE 100 Index From a technical standpoint, the FTSE 100 index is pushing higher now within touching distance of the 9100 handle. Improved trade deal sentiment and the impressive rally on Wall Street could be the driving force. The FTSE is now in overbought territory and this may be something worth monitoring moving forward. Immediate support rests at 9048 before the 9000 handle comes into focus. The upside does not have any historical data to focus on and thus i will look toward psychological numbers like 9250 and potentially 9500. FTSE 100 Daily Chart, July 23. 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda 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. © 2025 OANDA Business Information & Services Inc.

The Japanese yen has run out of steam after a two-day mini rally, in which it gained 1% against the US dollar. In the European session, USD/JPY is trading at 146.65, up 0.05% on the day. Ishiba set to resign Major developments continue to come out of Japan on a daily basis. Prime Minister Ishiba is apparently set to resign his post in August, only a day after declaring he would remain in office. Ishiba had said that he would complete the trade deal with the US before stepping down and with the deal just signed, Ishiba can hand over the reins. Ishiba's coalition failed to secure a majority in the upper house of parliament in the Sunday election. The government is not in danger of falling but will have to work with the opposition in order to pass legislation. US-Japan reach trade deal There was a breakthrough in the tariff saga as the US and Japan announced that they have reached a trade deal. The agreement subjects Japanese goods, including automobiles, to a 15% tariff. Japan has also agreed to invest $550 billion in the US and increase purchases of US rice. The Bank of Japan reacted positively to the trade agreement announcement. Deputy Governor Shinichi Uchida called the deal a "big major breakthrough" and said that uncertainty from the tariffs had eased, which would make it easier for the BoJ to increase interest rates. The BoJ is expected to raise rates before the end of the year but the money markets don't expect a hike at the July 31 meeting. The decision is unlikely to be a surprise but investors will comb through the updated quarterly economic forecast. The Bank has maintained rates for four consecutive meetings after hiking rates to 0.50% in January. USD/JPY Technical USD/JPY has pushed above resistance at 146.87 and 147.13. Above, there is resistance at 147.48146.52 and 146.26 are the next support levels USDJPY 4-Hour Chart, July 23, 2025 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. © 2025 OANDA Business Information & Services Inc.

A sudden surge of institutional and corporate interest in Ethereum (ETH) is setting the stage for what Bitwise Asset Management’s chief investment officer Matt Hougan calls a “structural imbalance” between supply and demand—one that could propel prices well beyond the cryptocurrency’s already‑rapid ascent this year. In a memo circulated to clients on 22 July 2025, Hougan noted that Ether has climbed more than 65 percent in the past month and over 160 percent since April. The rally, he argues, is being driven not by sentiment alone but by a dramatic mismatch between the amount of Ether produced by the network and the quantities now being absorbed by exchange‑traded products (ETPs) and newly formed “ETH treasury” corporations. Ethereum Demand Shock Is Inevitable “Sometimes it really is that simple,” Hougan wrote, echoing his long‑standing thesis that, in the short run, asset prices are dictated primarily by flows. He drew a direct parallel to bitcoin’s explosive performance following the launch of U.S. spot bitcoin ETPs in January 2024, when “ETPs, corporations, and governments acquired more than 1.5 million bitcoin, while the Bitcoin blockchain produced just over 300,000.” The same dynamic, he contends, has finally taken hold in the Ether market—only more forcefully. Between 15 May and 20 July, spot Ether ETPs attracted more than $5 billion in net inflows, while a handful of publicly traded companies began stockpiling the token as a primary treasury asset. Among the most aggressive buyers: Bitmine Immersion Technologies (BMNR) accumulated 300,657 ETH—about $1.13 billion at current prices—and declared an ambition “of obtaining 5 percent of all ETH supply.” SharpLink Gaming (SBET) purchased 280,706 ETH ($1.06 billion) and disclosed plans to raise an additional $6 billion for future acquisitions. Bit Digital (BTBT) liquidated its bitcoin reserves after raising $170 million, redirecting the proceeds to more than 100,000 ETH (roughly $375 million). The Ether Machine (DYNX) outlined an initial public offering built around a $1.6 billion Ether treasury. In aggregate, ETPs and public companies bought approximately 2.83 million Ether—valued at north of $10 billion—during the nine‑week stretch. Over the same period, the Ethereum network created only about 88,000 ETH in new issuance, a ratio of demand to supply that Hougan calculates at 32 to 1. “No wonder the price of ETH has soared,” he observed. Whether that pressure continues is now the central question for investors. Hougan’s answer is an unequivocal yes. He points out that, even after the recent buying spree, Ether remains under‑owned relative to bitcoin in the ETP market: Ether funds control less than 12 percent of the assets held by bitcoin ETPs, despite ETH’s market capitalisation standing at roughly one‑fifth of BTC’s. “With all the excitement surrounding stablecoins and tokenization—which are primarily built on Ethereum—we think that will change,” he said, predicting billions of dollars in additional inflows “in the next few months.” Meanwhile, the economics of listed “crypto treasury” firms appear to be self‑reinforcing. Shares of BMNR and SBET each trade at nearly twice the net value of the Ether they hold, a premium that incentivises management teams to issue equity, raise capital, and purchase still more ETH. “As long as that remains true, you can bet Wall Street firms will funnel money into more ETH purchases,” Hougan wrote. Bitwise projects that ETPs and treasury companies could absorb as much as $20 billion worth of Ether—around 5.33 million coins at present prices—over the coming year. The protocol’s issuance schedule, by contrast, is expected to add only about 800,000 ETH to circulation during the same window, implying a 7‑to‑1 imbalance. “That’s an even higher ratio than we’ve seen for Bitcoin since the spot ETPs launched,” Hougan said. Sceptics often argue that Ether’s long‑term supply is not capped in the way bitcoin’s is, and that its valuation hinges on factors beyond simple scarcity, such as network usage and transaction fees. Hougan does not dispute those points but insists they are secondary in the near term. “In the short term, the price of everything is set by supply and demand, and right now, there is more demand for ETH than supply,” he concluded. At press time, ETH traded at $3,703.

As Bitcoin briefly surged to $120,000, BNB price made a semi-surprising move of its own—reaching a new all-time high of $804. The milestone marks a 33% gain over the past month, climbing from $600 on June 22 to $804 on July 22. After nearly a year of consolidation, BNB crypto price has broken out to a new all-time high of $804, driven by five weeks of bullish momentum and strong technical signals. The rally began with a bounce in mid-June and has followed a steep uptrend since August 2024. With BNB now in uncharted territory, the focus shifts to how much higher it could rise in 2025. EXPLORE: Michael Saylor Adds Another 6,220 BTC to Strategy’s Stash In contrast, Ethereum and Solana have yet to reclaim or sustain their previous highs. ETH remains about 20% below its all-time high from November 2021, while Solana, which briefly hit a new ATH at the end of December 2025, is now trading 30% below that peak. DISCOVER: Best Meme Coin ICOs to Invest in 2025 There are no live updates available yet. Please check back soon! The post BNB price Hits A New ATH Before ETH And SOL As BTC Briefly Touches $120,000 appeared first on 99Bitcoins.

Optimism over trade deals has strengthened the bullish sentiment across Asia-Pacific stock markets. US President Trump announced a new trade agreement with Japan, featuring a reduced tariff rate of 15% on Japanese imports (down from 25%) and a significant Japanese investment commitment of US$550 billion into the US. Nikkei 225 surges to 12-month high; Hang Seng climbs on trade truce hopes Japan’s Nikkei 225 soared 3.7% intraday, aiming for its best single-day gain since 10 April 2025, and touched a 12-month peak at 41,255. Hong Kong’s Hang Seng Index also rose 1% to near a four-year high of 25,405, buoyed by speculation of an extension to the US-China trade truce beyond the 12 August deadline, ahead of next week’s third round of US-China talks in Stockholm. Read more in our medium-term outlook, Nikkei 225 Forecast: Start of new medium-term bullish trend amid rising JGB yields Singapore STI extends record run; Australia’s ASX 200 rises on energy and materials Singapore’s Straits Times Index is on pace for its 13th straight all-time closing high, rising 0.4% intraday to 4,226. Meanwhile, Australia’s ASX 200 gained 0.7% to close at 8,737, driven by strength in energy and materials sectors. US dollar mixed in Asia after two-day slide; risk-on currencies outperform The US dollar traded mixed during the Asia session following a two-day decline in the Dollar Index, which fell to 97.40, breaching its 20-day moving average of 97.60. Risk-on currencies outperformed: the New Zealand dollar gained 0.2% and the Australian dollar 0.1%, while safe havens like the Japanese yen and Swiss franc each slipped 0.2% against the greenback. BoJ Uchida's dovish remarks triggered yen weakness post-trade deal The yen’s softness was reinforced by dovish comments from BoJ Deputy Governor Uchida, who signalled no urgency to raise interest rates, even after the US-Japan trade announcement, dampening the currency’s appeal in a risk-on environment. Gold pulls back from 5-week high amid optimism and overbought signals Gold (XAU/USD) dipped -0.2% after reaching a five-week high of US$3,431, pressured by improved risk sentiment and overbought momentum indicators. Despite the pullback, the yellow metal maintains its short-term bullish structure with key support at US$3,385/3,360. Crude oil extends losses despite risk-on tone; key support in focus WTI crude oil failed to mirror the equity market’s optimism, sliding -0.3% intraday to US$66.30, marking its fourth consecutive daily decline. Prices are now nearing critical range support at US$65.20, in place since 24 June, suggesting the potential for a bearish breakdown. Economic data releases Fig 1: Key data for today’s Asia mid-session (Source: MarketPulse) Chart of the day – WTI crude at risk of bearish breakdown from 4-week range Fig 2: WTI crude minor trend as of 23 July 2025 (Source: TradingView) After the horrendous plunge of -17% seen in two days from 23 June to 25 June, the West Texas crude has been trading within a sideways range configuration. Several technical elements now suggest a potential bearish breakdown from the 4-week range. The price actions of West Texas crude oil have traded below its 20-day moving average for the fourth consecutive session after a bearish reaction from its key 200-day moving average on last Friday, 18 July. In addition, the hourly RSI momentum indicator has been capped below by a parallel descending trendline resistance in place since 18 July, which indicates the lack of bullish momentum. Watch the US$67.40 key short-term pivotal resistance (also the 20-day moving average). A break below the range support of US$65.20 triggers the bearish breakdown to expose the next intermediate support at US$62.75 (see Fig 2). On the other hand, a clearance above US$67.40 negates the bearish tone to retest the range resistance at US$68.50/69.15 (also the 200-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. © 2025 OANDA Business Information & Services Inc.

The Solana price has slowly crept up over the last few weeks, moving from a low of $127 back in June to now trading over $200 at the time of this report. This surge has been propelled forward by the emergence of new runners on the blockchain such as the likes of USELESS, moving SOL toward the coveted $200 market. However, questions abound as to how long this rally could be sustained and if a bearish scenario could see it crashing back downward. Solana Price Faces Pressure From Bears Despite bullishness being the order of the day, a crypto analyst has sounded the alarm of bearish pressure mounting for Solana. In the analysis, they explain that the rally that pushed the digital asset over the $190 mark recently was actually a textbook fakeout. This rally had taken the Solana price above the resistance that had been mounting at $170, clearing a path for the rally to $200. This has allowed for a liquidity sweep at these high levels. But now there is a roadblock for the altcoin that could send it back down. The crypto analyst explains that the Solana price is still trading inside the ascending channel despite the rally. Thus, this means that the breakout failed at the time. Such failure suggests that there is not enough strength propping up the price, leaving it vulnerable to bears. Two likely bearish scenarios were presented by the analyst in response to this. The first was that there would be a direct drop into the maximum pain level (MPL), which lies around $162.30, making it the key downside target. But with the price already breaking above $190, this is unlikely. The second and most likely scenario is the move up to retest highs before a drop. It could also alternatively form a lower high before dropping, leading to a steep decline. Regardless, both roads lead to the same destination, and that is the fact that the price drops toward the MPL level. SOL Open Interest Hits Record Levels The surge in the price has triggered a rapid increase in interest in Solana, and this has seen the open interest for the altcoin hit new all-time highs. The open interest is the total sum of short and long positions open for an asset, and according to data from the Coinglass website, the Solana open interest has now crossed $10.96 billion to surpass its previous high of $8.79 billion. Interestingly, though, the Solana price is still much lower compared to where it was the last time open interest hit new highs. This could suggest that there could be some steam left before the SOL price begins to slow down again.

The UK government is considering tapping into its massive Bitcoin reserve to help ease growing financial pressure. Chancellor Rachel Reeves is reportedly reviewing whether offloading some or all of the government’s crypto holdings could help cover the country’s widening budget deficit. From Criminal Seizure to National Asset The Bitcoin stash wasn’t bought; it was seized. Back in 2018, law enforcement took hold of around 61,000 BTC during the takedown of a Chinese Ponzi scheme. At the time, the haul was worth a few hundred million pounds. Today, with Bitcoin trading near all-time highs, that same pot is now valued at more than $7 billion. That kind of appreciation is hard to ignore when there’s a gap in the books. Source: Shutterstock Pressure to Raise Funds Without Raising Taxes Reeves is staring down a shortfall of around £20 billion, made worse by higher interest payments and slow economic growth. In that context, selling Bitcoin might look like a quick and politically safe way to raise funds. But there’s a trade-off. Critics argue that acting too quickly could mean missing out on even larger gains down the line. DISCOVER: 20+ Next Crypto to Explode in 2025 Not Everyone Thinks It’s a Good Idea Industry groups like CryptoUK are urging caution. They say dumping the Bitcoin now could hurt the UK’s long-term credibility in the digital asset space. Countries like the United States, Bhutan, and Sweden have chosen to hang on to their seized crypto, treating it as a kind of digital reserve. That approach has its risks too, but it’s a path some governments believe is worth taking. BitcoinPriceMarket CapBTC$2.38T24h7d30d1yAll time DISCOVER: Best New Cryptocurrencies to Invest in 2025 Selling Isn’t as Simple as It Sounds The government can’t just list the Bitcoin on an exchange and cash out. Much of it is still tied up in legal proceedings, with victims of the original fraud seeking compensation. The National Crime Agency and Home Office are responsible for holding the assets for now, but any leftover funds after restitution could eventually land in the Treasury’s hands. Learning From Past Decisions The United States has sold large amounts of seized Bitcoin over the years, including over 185,000 BTC from the Silk Road case. Some of those sales happened when prices were low. If they had waited, the value would have been far greater. That history is part of why some argue for a more patient approach this time. So What Will Happen Now? The Cabinet Office is working on a framework that would guide how the UK handles and potentially sells digital assets in the future. Any sale would likely be rolled out gradually and handled in a way that avoids disrupting the market or shortchanging victims. The UK finds itself with a rare asset that could either patch up a budget hole or be held as a long-term strategic reserve. Whichever path the government chooses, it will shape how the country is seen in the digital asset space and could set the tone for how other governments handle similar decisions going forward. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The UK is considering selling its $7.2 billion Bitcoin reserve, originally seized from a 2018 Ponzi scheme, to help reduce the budget deficit. Chancellor Rachel Reeves is under pressure to raise funds without hiking taxes, making Bitcoin a tempting source of cash. Some industry voices warn that selling now could damage the UK’s credibility in crypto and miss out on future gains. Legal issues still surround Bitcoin, as victims of the original fraud seek compensation before any funds reach the Treasury. The UK is drafting a digital asset framework to guide any future sales, aiming to avoid the mistakes seen in past U.S. Bitcoin auctions. The post Britain Weighs Selling $7.2 Billion Bitcoin Hoard to Fill Budget Gap appeared first on 99Bitcoins.

The ink has barely dried on the GENIUS Act, but it is already pushing big banks toward digital assets. JPMorgan Chase is reportedly exploring the idea of letting clients use cryptocurrency as collateral for loans, showing a clear change in how the U.S. banking sector may engage with crypto moving forward. The JPMorgan crypto loan program is still in testing, but it could mark a major shift in how banks engage with digital assets. From Law to Test Run in Days The GENIUS Act, now officially in effect, provides new clarity regarding stablecoins and opens the door to regulated crypto finance products. JPMorgan appears ready to act. Sources indicate that the bank is developing a pilot program that would enable institutions to secure loans by pledging assets, such as Bitcoin. Retail users will likely be left out for now, but the program could expand if it works. Source: Shutterstock A Turnaround from JPMorgan Leadership This shows a real change in tone. CEO Jamie Dimon has spent years dismissing Bitcoin and its peers, but things are different when rules are clearer and clients start asking for new tools. Using crypto as collateral isn’t just about staying trendy. It’s about finding new ways to serve large clients who already hold digital assets. Why Clients Want It There’s real demand. Institutional clients want ways to unlock liquidity without having to sell their crypto. This program could make that possible. The idea is to lock up the crypto in custody, assign a conservative value based on volatility, and issue short-term loans against it. It’s not unlike using stocks or real estate as collateral, just with more moving parts. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July2025 Perfect Timing or Convenient Coincidence? This news isn’t coming out of nowhere. The GENIUS Act has removed key legal barriers, and sentiment across finance is changing. Banks have tiptoed around crypto for years, but this gives them room to move without worrying about sudden regulatory blowback. With rules now written, the excuses to stay out are disappearing. BitcoinPriceMarket CapBTC$2.38T24h7d30d1yAll time There is Some Resistance Even with new laws, this won’t be an easy rollout. Crypto’s price swings can cause major headaches for anyone managing risk. There’s also the issue of which coins are safe enough to qualify. Bitcoin and Ethereum are likely first in line, but anything beyond that is going to face more scrutiny. JPMorgan is expected to run tests with only a few clients before deciding how wide to go. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What Happens If It Works If JPMorgan launches this successfully, the impact could spread quickly. Other major banks may follow, and new products could pop up across the sector. Crypto-backed lending could become just another tool in the financial toolbox. But that only happens if the numbers make sense and the risk can be managed. The JPMorgan crypto loan initiative shows how quickly banks are moving once legal clarity removes old barriers. The GENIUS Act laid the legal groundwork. Now banks like JPMorgan are deciding what to build on top of it. Crypto as loan collateral could stay niche, or it could turn into something much bigger. Either way, the old lines between crypto and traditional finance are starting to blur. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways JPMorgan is developing a pilot program to accept crypto like Bitcoin as collateral for institutional loans. The move follows the GENIUS Act becoming law, which gives banks a clearer legal footing for digital asset services. Clients want ways to access liquidity without selling their crypto, and collateralized loans could meet that demand. This marks a shift for JPMorgan, whose CEO was once a vocal crypto critic but now sees opportunity in the regulated space. If successful, this pilot could push other banks to adopt similar crypto-backed lending programs in the coming months. The post GENIUS Act Already Shaping Banking: JPMorgan Looks to Accept Crypto as Loan Collateral appeared first on 99Bitcoins.

An analyst has pointed out that XRP has broken out of a Bull Pennant on the weekly chart and may now be setting its sights on this target. XRP Has Surged Above Bull Pennant Recently In a new post on X, analyst Ali Martinez has talked about how XRP has exited above a Bull Pennant recently. The Bull Pennant refers to a technical analysis (TA) pattern that forms when an asset’s price succeeds a sharp upwards move with a period of consolidation between two converging trendlines. Bull Pennants are similar to Bull Flags, with the main difference being that flags involve parallel channels instead. Just like in the case of the Bull Flag, the initial uptrend forms the ‘pole,’ but the consolidation channel here is known as the ‘pennant.’ When the price is trading inside the pennant portion of the pattern, it’s likely to face resistance at the upper level and support at the lower one. An escape out of either of these levels might signal a breakout in that direction. Bull Pennants are considered to be continuation patterns, so a breakout may be assumed to be more probable in the bullish direction. That is, the asset can be more likely to surge above the resistance line. Like the Bull Pennant, there is also the Bear Pennant. This TA pattern works much in the same way, except for the fact that the pole is represented by a downwards move and that a bearish breakout is more likely. Now, here is the chart shared by the analyst that shows the pattern that the weekly price of XRP was trading inside until recently: As displayed in the above graph, the weekly price of XRP was earlier witnessing consolidation inside a Bull Pennant, but this month, the asset finally found a break as its price exited out of the pattern in a sharp manner. Usually, Bull Pennant breakouts are considered to be of the same length as the pole. Based on this, the analyst has drawn a potential breakout for the cryptocurrency in the chart. The target that it leads to is $15. If such a bull run does occur for XRP, then its price would have surged by a whopping 320%. It now remains to be seen whether the Bull Pennant would actually end up holding for the asset. XRP Price The altcoins have taken off recently and XRP has been no exception, as its price has reached the $3.56 mark after a rally of almost 22% over the last week.

Solana started a fresh increase above the $185 zone. SOL price is now correcting gains and might find bids near the $195 support zone SOL price started a fresh upward move above the $185 and $192 levels against the US Dollar. The price is now trading above $195 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $199 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $205 resistance zone. Solana Price Gains Momentum Solana price started a decent increase after it cleared the $180 resistance, like Bitcoin and Ethereum. SOL climbed above the $185 level to enter a short-term positive zone. The price even smashed the $200 resistance. A high was formed at $207 and the price is now correcting gains. There was a move below the $205 level and toward the 23.6% Fib retracement level of the upward move from the $178 swing low to the $207 high. Solana is now trading above $195 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $199 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $205 level. The next major resistance is near the $208 level. The main resistance could be $215. A successful close above the $215 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $245 level. Are Downsides Limited In SOL? If SOL fails to rise above the $208 resistance, it could start another decline. Initial support on the downside is near the $199 zone and the trend line. The first major support is near the $195 level. A break below the $195 level might send the price toward the $192 support zone or the 50% Fib retracement level of the upward move from the $178 swing low to the $207 high. If there is a close below the $192 support, the price could decline toward the $185 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $199 and $192. Major Resistance Levels – $208 and $215.

Bitcoin’s price remains in a zone where it is seeing little upward momentum as it continues to hover below its recent all-time high. After reaching above $123,000 earlier this month, the asset has pulled back slightly, trading at $119,343 at the time of writing. This represents a 2% gain over the past week but still leaves BTC roughly 3% below its recent peak. The muted price action reflects a market that appears to be consolidating amid diverging signals from on-chain indicators and regional demand metrics. Recent analysis from CryptoQuant contributors points to a weakening appetite for Bitcoin in both the US and South Korea, two markets that have historically contributed significant trading volume. A closer look at exchange activity and regional pricing premiums suggests a potential shift in investor behavior, as profit-taking becomes more prominent and traders appear hesitant to buy at current levels. Regional Premiums Point to Lower Demand from US and South Korea According to a post by CryptoQuant analyst Arab Chain, the Coinbase Premium Index, which measures the price difference between Bitcoin on Coinbase and other global exchanges, has failed to climb significantly despite BTC reaching record highs in July. The index remained around levels seen in June, suggesting that US investors using Coinbase have not been aggressively buying Bitcoin during the rally. Arab Chain noted that the index’s movement toward negative territory alongside Bitcoin’s price increase may indicate profit-taking among American investors. This implies that some may be anticipating a correction before re-entering the market. Similarly, the Korea Premium Index has declined, signaling reduced demand from retail investors in South Korea. This index reflects the spread between Bitcoin’s price on Korean exchanges and global averages. The negative trend suggests Korean traders have been selling below the global average, with weak buying interest on local platforms. Arab Chain interprets this as retail traders possibly waiting for a discount to reenter the market, indicating caution among individual investors in Asia’s key crypto hub. Exchange Inflows Suggest Rising Sell Pressure Adding to the picture, another CryptoQuant contributor, ShayanMarkets, highlighted a notable development in BTC’s on-chain activity. The latest data reveals Bitcoin has experienced its largest net inflow to exchanges since July 2024. Typically, large inflows signal that holders are preparing to sell, increasing supply on trading platforms and contributing to potential downward price pressure. ShayanMarkets explained that this behavior, especially when occurring near all-time highs, may indicate institutional or fund-driven profit-taking. Such moves often align with efforts to reduce risk exposure during overextended market rallies. Historically, spikes in exchange inflows have been followed by price corrections, making this a trend to monitor closely. However, the redistribution of capital from Bitcoin into other assets may benefit the broader crypto market. The analyst noted that altcoins could see renewed interest as funds rotate out of BTC. If the trend continues, traders may observe increased volatility and speculative movement across alternative tokens in the short term. Featured image created with DALL-E, Chart from TradingView

XRP price started a fresh increase and traded above the $3.40 zone. The price is now consolidating gains and might aim for a fresh increase above the $3.550 zone. XRP price started a fresh increase above the $3.420 zone. The price is now trading above $3.450 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $3.480 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $3.350 zone. XRP Price Eyes Fresh Increase XRP price started a fresh increase after it settled above the $3.350 level, beating Bitcoin and Ethereum. The price was able to climb above the $3.50 resistance level. The bulls remained in action and the price gained pace for a move above $3.550 barrier. Finally, the price tested the $3.650 zone. A high was formed at $3.660 and the price recently corrected some gains. A low was formed at $3.425 and the price is now consolidating. There was a move above the 50% Fib retracement level of the recent decline from the $3.650 swing high to the $3.425 low. The price is now trading above $3.450 and the 100-hourly Simple Moving Average. There is also a short-term bullish trend line forming with support at $3.480 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $3.550 level or the 61.8% Fib retracement level of the recent decline from the $3.650 swing high to the $3.425 low. The first major resistance is near the $3.60 level. A clear move above the $3.60 resistance might send the price toward the $3.650 resistance. Any more gains might send the price toward the $3.720 resistance or even $3.80 in the near term. The next major hurdle for the bulls might be near the $4.00 zone. Another Drop? If XRP fails to clear the $3.550 resistance zone, it could start another decline. Initial support on the downside is near the $3.480 level. The next major support is near the $3.420 level. If there is a downside break and a close below the $3.420 level, the price might continue to decline toward the $3.350 support. The next major support sits near the $3.320 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 below the 50 level. Major Support Levels – $3.420 and $3.350. Major Resistance Levels – $3.550 and $3.660.

Ethereum price started a fresh increase above the $3,720 zone. ETH is now showing bullish signs and might continue to rise toward the $3,850 zone. Ethereum started a fresh increase above the $3,720 level. The price is trading above $3,670 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,670 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,650 zone in the near term. Ethereum Price Aims Fresh Increase Above $3,800 Ethereum price started a fresh increase above the $3,660 zone, outperforming Bitcoin. ETH price gained pace for a move above the $3,720 resistance zone to remain in a positive zone. The bulls even pumped the price above $3,800. Finally, it tested the $3,860 zone. A high was formed at $3,859 and the price recently corrected some gains. There was a move below the 50% Fib retracement level of the upward move from the $3,481 swing low to the $3,859 high. The price tested the 61.8% Fib retracement level of the upward move from the $3,481 swing low to the $3,859 high. Ethereum price is now trading above $3,650 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,670 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $3,770 level. The next key resistance is near the $3,800 level. The first major resistance is near the $3,850 level. A clear move above the $3,850 resistance might send the price toward the $3,920 resistance. An upside break above the $3,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,000 resistance zone or even $4,200 in the near term. Are Downsides Supported In ETH? If Ethereum fails to clear the $3,770 resistance, it could start a downside correction. Initial support on the downside is near the $3,670 level. The first major support sits near the $3,650 zone. A clear move below the $3,620 support might push the price toward the $3,550 support. Any more losses might send the price toward the $3,450 support level in the near term. The next key support sits at $3,320. 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 – $3,670 Major Resistance Level – $3,800

Solana (SOL) has crossed the $200 mark for the first time in months, sparking a frenzy of discussion across major social media platforms. Solana Social Dominance Has Spiked To Highest Since Early June In a new post on X, analytics firm Santiment has talked about how the crowd has reacted to the latest rally in Solana’s price. The metric of relevance here is the “Social Dominance,” which tells us about the degree of attention that a given coin is receiving on social media relative to the top 100 cryptocurrencies by market cap. The indicator is based on another, known as the Social Volume. The Social Volume measures the unique number of posts/messages/threads on these platforms that are making mentions of the asset. The Social Dominance takes the Social Volume of a coin and calculates what percentage of the combined Social Volume of the hundred largest assets in the sector that it makes up for. Below is the chart shared by Santiment that shows the trend in the indicator for Solana over the last few months: As displayed in the above graph, the Solana Social Dominance has just witnessed a sharp increase, indicating that interest in the asset has surged among social media users. The spike in attention toward SOL has come following a notable rally in its price, which has taken it past the $200 level for the first time since early 2025. The asset now makes up for 8.9% of all cryptocurrency-related discussions, the highest since June 6th. Though while some market interest can be positive, an excess of it has generally proven to be a bearish sign in the past. As such, the spike in the Social Dominance of the coin may be something to keep an eye on, as FOMO developing among the crowd could potentially impede the price run. In the same chart, the analytics firm has also attached the data for another Solana indicator: Development Activity. This metric measures, as its name suggests, the total amount of work that the developers of the project are putting in on its public GitHub repositories. The indicator gauges development work in terms of ‘events,’ where an event is any action made by the developer on the repository, like the push of a commit or the creation of a fork. From the graph, it’s visible that the Development Activity of Solana has witnessed a rise recently and has climbed back above 63 events per day. This is the highest value for the metric since May 22nd. Thus, it would appear that the developers of the project are ramping up their effort alongside the price surge. SOL Price At the time of writing, Solana is floating around $203, up more than 27% in the last seven days.

Bitcoin price is eyeing a fresh increase above the $118,000 resistance. BTC must clear the $120,000 resistance zone to continue higher in the near term. Bitcoin started a fresh increase after it cleared the $118,000 zone. The price is trading above $118,500 and the 100 hourly Simple moving average. There was a break above a bearish trend line with resistance at $118,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,000 resistance zone. Bitcoin Price Aims Higher Bitcoin price started a correction phase below the $118,500 support zone. BTC dipped below the $118,000 level and tested the $116,200 zone. A low was formed at $116,260 and the price started another increase. There was a decent move above the $118,000 and $118,500 levels. Besides, there was a break above a bearish trend line with resistance at $118,000 on the hourly chart of the BTC/USD pair. However, the pair struggled to surpass the $120,000 resistance zone. A high was formed near $120,237 and the price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $116,260 swing low to the $120,237 high. Bitcoin is now trading above $118,500 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $119,800 level. The first key resistance is near the $120,200 level. The next resistance could be $121,000. A close above the $121,000 resistance might send the price further higher. In the stated case, the price could rise and test the $122,500 resistance level. Any more gains might send the price toward the $122,500 level. The main target could be $123,200. Another Drop In BTC? If Bitcoin fails to rise above the $120,200 resistance zone, it could start another decline. Immediate support is near the $119,200 level. The first major support is near the $118,500 level. The next support is now near the $118,200 zone. Any more losses might send the price toward the $116,500 support in the near term. The main support sits at $115,000, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $119,200, followed by $118,500. Major Resistance Levels – $120,200 and $121,000.

📉 Análise Técnica: DXY testa região de suporte após falha no breakout Por Igor Pereira Analista de Mercado e Membro Junior WallStreet NYSE (DXY – 1H) O índice DXY apresenta movimento de correção após não conseguir sustentar o breakout da linha de tendência de baixa (LTB) traçada desde o início de julho. 📍Pontos Técnicos Observados: Breakout da LTB: Confirmado no dia 15, mas seguido por forte rejeição com volume crescente, sinalizando falta de continuidade institucional. IMB (Imbalance): Marcado na faixa de 97.35–97.45, funcionou como suporte intradiário, com compradores tentando defender a região. Zona de Rejeição: O preço testou resistência nas faixas 97.812 / 97.696 / 97.551, mas falhou em fechar acima — indicando interesse vendedor institucional nas regiões. 📊 Volume: Nota-se aumento no volume no momento da quebra da LTB e posteriormente durante o sell-off, indicando participação ativa dos grandes players e potencial redistribuição. 🔍 Cenário Atual e Oportunidades Técnicas Cenário 1 – Reteste e queda: Caso o preço reteste a região de 97.55–97.70 e volte a cair com volume crescente, poderemos ver novo movimento de baixa rumo à mínima da semana, com alvo imediato em 97.20 e, em extensão, 96.95. Cenário 2 – Recuperação estrutural: Se o índice conseguir sustentar acima da IMB e romper 97.70 com candle de força, o mercado pode buscar os níveis superiores: Alvo 1: 97.81 (resistência técnica intradiária) Alvo 2: 98.19 (nível chave do topo anterior e POC) 🌍 Impacto no Mercado O movimento atual do DXY influencia diretamente os principais pares de moedas e commodities: XAU/USD (Ouro): Dólar mais fraco favorece retomada do ouro rumo às máximas históricas. EUR/USD e GBP/USD: Ganham força técnica caso o DXY mantenha o viés baixista. Commodities: Tendem a se valorizar com o recuo do dólar, principalmente petróleo e metais preciosos.

In a fresh post to X on 21 July, long-time cryptoc sceptic and gold advocate Peter Schiff urged holders of Ethereum (ETH) to exit while prices hover “near the upper end of its trading range.” “If you own any, this is a great time to sell,” he wrote, adding that—painful though it was for him to admit—flipping the proceeds into Bitcoin “is a better trade than holding Ether.” Sell Ethereum, Buy Bitcoin Schiff doubled down when quizzed by followers. “It’s not [better] as far as I’m concerned. I’m just looking at the charts,” he replied, arguing that Ethereum’s narrative faces “more acknowledged competition” than Bitcoin’s digital-gold storyline. At pixel time Ether changes hands at roughly $3,650 while Bitcoin trades just above $118,000, putting the ETH/BTC ratio near 0.031—toward the lower half of its five-year range. Schiff contends the ratio’s weakness reflects a structural bear market for Ether against Bitcoin. “I think Ether is in a bear market in terms of Bitcoin, and I think it just had a bear-market rally,” he told one user who pressed him for fundamentals, concluding: “So if you want to own crypto, selling Ether to buy Bitcoin makes sense.” Not everyone was persuaded. Veteran cycle watcher TechDev responded drily, “Thank you for your service sir,” reposting Schiff’s February “party is over” call that preceded Bitcoin’s spring rally. A Familiar Refrain—And A familiar Outcome Schiff’s latest chart-based admonition follows a string of bearish milestones that have mis-timed every major leg of Bitcoin’s secular advance. On 25 February he declared, “Turn out the lights, the #Bitcoin 100K party is over… the bear market is just getting started.” Less than five months later, Bitcoin still hovers comfortably above $118,000. Only a month after that February warning he predicted a full-blown crash to $10,000 once gold reaches $5,000, reasoning that Bitcoin would capitulate “95 % from its 2021 peak.” In late 2023 he ran a Twitter poll and concluded—contrary to the vote—that Bitcoin would “crash before the ETF launch.” Spot ETFs were approved in January 2024; Bitcoin never looked back. Back in November 2018, with Bitcoin trading at $3,800, he insisted it could “easily drop another 80 % from here, and at $750 it would still be expensive.” The rest is history. Now, Schiff argues that Ethereum’s smart-contract dominance is eroding as Layer-1 competitors gain mind-share and as regulators inch toward approving other altcoin spot ETFs. Whether the latest call joins the growing archive of ill-timed bearishness will turn on the ETH/BTC cross. If altcoin rotation doesn’t continue, Schiff may finally chalk up a win; if the ratio rolls over, his chart-reading case for a relative trade into Bitcoin will be vindicated even as his absolute bear thesis remains unproven. For now, the market is reserving judgment. At press time, Ether traded at $3,677.

As Bitcoin (BTC) consolidates near the $119,000 mark following a new all-time high (ATH) above $123,000 last week, several on-chain indicators are presenting a mixed picture regarding the cryptocurrency’s next major move. Bitcoin On-Chain Data Shows Mixed Outlook According to a CryptoQuant Quicktake post by contributor Chairman Lee, BTC exchange reserves have risen noticeably since late June. This sharp uptick suggests increased profit-taking activity, which could weigh on BTC in the short-term. Large holders and miners have also been ramping up their deposits since July 18. However, overall inflows to centralized exchanges remain relatively low compared to the levels observed during major market tops earlier this year. Meanwhile, the Unspent Transaction Output (UTXO) count continues to decline – a trend often interpreted as a sign of long-term accumulation. Investors appear to be consolidating their coins, reducing active transactions and indicating strong conviction in Bitcoin’s long-term potential. For context, a declining UTXO count typically reflects reduced short-term selling pressure as holders move BTC into fewer wallets rather than trading them. This behavior is commonly associated with an overall bullish market outlook. Chairman Lee also pointed out that institutional and exchange-traded fund (ETF) flows remain robust. Year-to-date (YTD), nearly $50 billion has flowed into Bitcoin investment products despite temporary pauses due to profit-taking. Data from SoSoValue shows that US-listed spot BTC ETFs have recorded four consecutive months of positive inflows, with more than $18 billion added since April 2025. Similarly, total net assets held by these ETFs now exceed $151.6 billion. Can BTC Still Eye $180,000 Target? From a technical standpoint, Chairman Lee highlighted the $116,400 area as the immediate support zone. The analyst remarked: A breakdown below this level could extend the correction toward $112K–$110K. On the upside, holding above $116K keeps the structure intact for another push toward $124K–$130K. The analyst emphasized that as long as Bitcoin defends the $110,000 level, the broader bullish trend will remain intact. Moreover, if ETF and institutional inflows gain further momentum, BTC could still reach the ambitious year-end target of $180,000. That said, some cautionary signs are beginning to emerge. On-chain data indicates that long-term holders are accelerating distribution, while short-term investors are entering the market in hopes of benefitting from further upside – behavior that has historically preceded local tops. On the contrary, the Bitcoin short-term holder Market Value to Realized Value (MVRV) suggests that there may still be room for further growth in BTC’s price. At press time, BTC trades at $119,241, up 0.9% in the past 24 hours.

Crypto analyst Maddox has provided a bullish outlook for Shiba Inu, predicting an explosive rally. His prediction comes as SHIB surpasses Litecoin to climb into the 18th spot on the list of largest cryptocurrencies by market capitalization. Shiba Inu Eyes Explosive 126% Rally In a TradingView post, Maddox predicted that Shiba Inu could record a 126% rally to $0.0003579 from its current price level. The analyst noted that SHIB has printed confirmed weekly bullish divergence in the Relative Strength Index (RSI). The top meme coin is now attempting to overcome the weekly 200EMA resistance. The analyst further revealed that a High Volume Node lies just above, and a close above this level will signal a bullish trend. Based on this bullish trend, Shiba Inu could move to the initial target of the weekly pivot at $0.00001774 before it then moves to the $0.0000579 High Volume Node. Meanwhile, Maddox noted that the Shiba Inu price has completed its retracement to the ‘alt-coin’ golden pocket 0.786 Fibonacci retracement. He added that a bearish divergence is currently growing on the weekly RSI but that this will be diverted with a thrust high. The analyst is confident in SHIB’s potential, suggesting that this is a MEME season. He noted that the Dogecoin price looks ready to go. As such, Shiba Inu is also expected to follow suit, given the correlation between these meme coins, which are the largest ones by market cap. DOGE is up over 38% in the last seven days. Shiba Inu has followed and is up over 16% during this period. Thanks to the current uptrend, SHIB has surpassed LTC to become the 18th largest crypto by market cap. The meme coin currently boasts a market cap of $8.89 billion. SHIB Ready To Run To The $0.000032 Levels Crypto analyst Javon Marks had earlier shared a similar prediction to Maddox’s. In an X post, he declared that in the nearer term and by confirmed data, the $0.000032s are levels to come for Shiba Inu in response to a bullish divergence. He added that this 135% move could only be the start of a larger bullish reversal for the foremost meme coin. Crypto analyst Friedrich suggested that Shiba Inu could reach its all-time high (ATH) as part of this larger bullish reversal. In an X post, the analyst declared that SHIB is about to blast. He added that with Ethereum ripping, the meme coin will go for a retest of its ATH of $0.00008845 for sure. His accompanying chart showed that SHIB could at least reach $0.00008032. At the time of writing, the Shiba Inu price is trading at around $0.0000151, down over 3% in the last 24 hours, according to data from CoinMarketCap.

XAU/USD Ouro Rompimento de Padrão e Olho em Novas Máximas Históricas Igor Pereira - Analista de Mercado Membro Junior WallStreet NYSE O ouro (XAU/USD) estendeu seu movimento altista na terça-feira, rompendo o padrão gráfico de bull pennant e atingindo a máxima de US$ 3.433. Um fechamento acima da linha superior do pennant confirmaria o rompimento, embora a BMS (Break Market Structure) entre US$ 3.439 e US$ 3.451 continue sendo um obstáculo importante. O nível de US$ 3.451 é especialmente relevante, pois marca a segunda maior máxima histórica do ouro. O que esperar? Um movimento decisivo acima de US$ 3.451 pode acelerar a tendência de alta, abrindo espaço para a superação da máxima histórica em US$ 3.500. Se o nível for quebrado projeções institucionais devem indicar como próximos alvos de preço os patamares de US$ 3.594 e US$ 3.664 no curto prazo. A recente alta acompanha um avanço forte de três semanas registrado antes da formação do pennant. Caso o movimento se repita, o ouro pode enfrentar resistência próxima a US$ 3.664 (preço) e US$ 3.690 (percentual). Uma cautela para Traders e Investidores que buscam correção no preço do metal, um retorno automático (AR) abaixo de $338x no diário (D1), pode-se iniciar um imbalance corretivo e acumulação fase de preço. Impacto no Mercado Financeiro O padrão de alta forte e sustentada reforça o papel do ouro como porto seguro diante da volatilidade macroeconômica global e das incertezas geopolíticas. Investidores institucionais podem aumentar posições, pressionando por mais ganhsos e elevando a liquidez no XAU/USD. A confirmação do rompimento tende a atrair fluxo adicional de hedge funds e fundos de commodities, potencializando a valorização do ativo. Em cenário de dólar enfraquecido e inflação persistente, o ouro mantém sua atratividade como proteção contra riscos sistêmicos. Conclusão A perspectiva técnica e fundamental sugere que o ouro segue forte em todas as escalas temporais, com tendência de alta iniciada em fevereiro de 2024 ganhando tração e podendo alcançar novas máximas históricas. Traders e investidores devem monitorar de perto os níveis-chave próximos para aproveitar possíveis oportunidades de entrada e gerenciamento de risco. Entre para o Clube ExpertFX para obter análises e níveis experts no XAU/USD.

PEPE is back in the spotlight. A massive surge in Google search activity on July 22 sent the memecoin to the top of the trending list. Data from Google Trends showed interest in PEPE spiking from 25 to a perfect 100, indicating a massive 300% surge – the highest possible level of search popularity. It was short-lived but loud. For tokens that thrive on hype, moments like this can be fuel—or fire. Google Trend Spike Hints At Speculation Pressure According to analysts tracking memecoin chatter, this kind of surge in online curiosity can be both a blessing and a warning. On one hand, spikes in search interest often precede price movements as new buyers jump in. On the other, it can mark the top of a wave, right before it crashes. For PEPE, community-driven excitement is a known driver. Past crypto cycles show that when attention hits extremes, prices often follow. But what follows that is less predictable. Sharp reversals aren’t rare, especially in volatile memecoins. Trading volume data revealed that sellers were in control during the two days leading up to the current rally. Now, buy-side pressure is returning, and bulls are trying to hold the line. Breaking The Downtrend And What’s Next On-chain charts show something else happened this month. PEPE broke its long-term downtrend from December 9, 2024. The token double-bottomed at $0.00000568 in March. Then on July 10, it pierced the trendline for the first time. It didn’t stop there—PEPE retested that breakout five days later. If the price holds above $0.00000568, the next likely target is $0.000016, last seen in Q4 2024. But crypto doesn’t make promises. A break below that line could trap recent buyers and drag the price sideways or lower. For now, this is a make-or-break moment for traders watching closely. Whales Play Their Hand Meanwhile, whales are making noise of their own. Onchain Lens reported that a trader pocketed $538,500 after exiting long positions on PEPE and Ethereum. The network’s health isn’t sending clear signals either. The NVT ratio was 41 at last check, indicating low transaction activity compared to market value. It dropped 30% in one day—a red flag, perhaps, if activity doesn’t pick up. What comes next may depend less on charts and more on timing. Featured image from Meta, chart from TradingView

President Donald Trump has reignited crypto conversations online after sharing a viral video explaining Bitcoin during a U.S. Senate hearing. The clip, which features Director of Research at Coin Center, Peter Van Valkenburgh, offers a powerful defense of Bitcoin’s decentralized nature and its role as public financial infrastructure. What His Bitcoin Message Means As mentioned by MJTruthUltra’s post on X, President Donald Trump has shared a video of Peter Van Valkenburgh, Coin Center’s Director of Research, delivering a powerful and articulate explanation of Bitcoin during a US Senate hearing. Speaking before the lawmakers, Van Valkenburgh described Bitcoin as the world’s first cryptocurrency, built on the first public blockchain network. He emphasized that Bitcoin allows anyone to send and receive value globally using just a computer and an internet connection without relying on trusted third parties like banks. He also highlights Bitcoin’s revolutionary nature as the first public digital payments infrastructure, compared to the internet information before money access. Unlike traditional financial systems, which rely on private banks to update ledgers and approve transactions, Bitcoin operates on a public blockchain that anyone can access, regardless of background or credit status. Van Valkenburgh stated that Bitcoin’s decentralized design directly addresses the inherent vulnerabilities of centralized systems, which often have single points of failure. These weaknesses have led to some of the most damaging security breaches in modern history. He points to high-profile incidents, such as the Equifax data breach, which exposed the personal information of 143 million Americans, the SWIFT network frauds, which totaled hundreds of millions, including cases involving North Korean hackers, and the $1.8 billion fraud at Punjab National Bank, which enabled internal exploitation of centralized trust. Van Valkenburgh also cites the 2016 Dyn botnet attack, which took down major websites. He extends these concerns to the Internet of Things, where hacks have compromised pacemakers, baby monitors, and even vehicles, all due to reliance on centralized control systems. He advocates for the development of more public digital infrastructure, like Bitcoin and Blockchain networks, to reduce reliance on powerful corporate intermediaries. These systems foster greater competition, resilience, and user empowerment by potentially replacing centralized chokepoints that are vulnerable to failure, censorship, and abuse. MicroStrategy Now Owns Over 600 Bitcoin While prominent figures in the financial and political landscape advocate for Bitcoin, institutional adoption continues to grow, with companies like Strategy purchasing the asset in large quantities. This rising interest from large-scale investors and businesses adds weight to BTC’s status as a reliable store of value. BNB Swap revealed on X that Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, has again expanded its massive crypto and BTC treasury. The firm has acquired an additional 6,220 BTC, worth $739.8 million. This latest purchase pushes MicroStrategy’s total Bitcoin holdings to an astonishing 607,770 BTC, accumulated at an estimated cost basis of $43.6 billion.

As the crypto market gears up for what many expect to be a major bull run in 2025, top analysts are beginning to share their most realistic price predictions for leading digital assets like Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Binance Coin (BNB), Aptos (APT), and others. Though their forecasts vary in optimism, there’s a shared consensus that significant gains are likely on the horizon. Bitcoin, Ethereum, LINK, BNB And Aptos Price Forecast As excitement builds around the next potential crypto bull run, well-known crypto analyst and YouTube host Altcoin Daily has released a fresh batch of “realistic” price predictions for major digital assets expected to perform strongly in 2025. In the forecast posted on X social media, Bitcoin is expected to reach a peak of $150,000 during the next bull market. Currently trading at $117,629, the flagship cryptocurrency has pulled back from its recent all-time high above $123,000. To reach the projected $150,000 target, BTC would need to surge by roughly 27.52% from its current level. Ethereum, the second-largest cryptocurrency, is also set for significant gains this cycle. Altcoin Daily forecasts that the altcoin is likely to hit $5,000 in 2025. Over the past few weeks, Ethereum has posted strong gains, overcoming key resistance and emerging from a prolonged consolidation phase. Now trading at $3,696, the top altcoin has surged by an impressive 61.45% over the past month. From this level, ETH would need to climb approximately 35.26% to reach a $5,000 peak. Weighing in on other major altcoins, Chainlink, the leading decentralized oracle provider, is expected to rise to $30, representing a potential surge of over 57% from its current price of $19.1. As for Binance Coin, Altcoin Daily anticipates a strong rally toward the $1,000 mark from BNB’s current price of $759. For the final forecast, Altcoin Daily sets a $10 target for Aptos, a relatively newer Layer-1 blockchain. At the time of writing, the token is trading at $5.25, meaning it is expected to surge by approximately 90.5% to reach the expected peak. Realistic Targets For 2025 Altcoin Season Offering a significantly more inclusive forecast, crypto analyst Domba.eth took to X to share realistic price targets for 19 major cryptocurrencies ahead of the anticipated 2025 altcoin season. In line with Altcoin Daily’s projection, Domba.eth forecasts a relatively similar peak range for BTC, ETH, and BNB. The analyst’s projection also extends to cryptocurrencies not covered by Altcoin Daily, including Solana, XRP, and Cardano. Notably, Solana is expected to rise between $300 and $500 during the upcoming altcoin season, suggesting a possible surge of 50% to 152% from its current price of $199.1. XRP, which recently saw a sharp rally above $3.5, is forecasted to rise between $3.2 and $4.7, assuming positive sentiment remains strong and legal clarity improves. Meanwhile, Cardano is expected to reach a range of $1.2 to $2.1, representing a potential gain of roughly 38% to 141.4% from its present price of $0.87.