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In the past week, Bitcoin has grabbed the major headlines as prices surge to a new all-time high of $118,856 following a market gain of 9.77%. In remarkable fashion, the premier cryptocurrency added an estimated $10,000 to its market value increasing its market cap to a solid $2.34 trillion. Interestingly, recent on-chain data suggest there may be more tailwind ahead backing Bitcoin’s ability to explore new price territory. STH SOPR Sits At 1.02, Suggests Market Not Overheating In a recent quicktake post on CryptoQuant, a market analyst with username CryptoMe has shared some compelling insights on Bitcoin’s price trajectory amidst current market euphoria. As earlier stated, the flagship cryptocurrency experienced a significant price gain to brush nearly against the $120,000 mark. Despite this rise, CryptoMe notes that short-term holders’ spent output profit ratio (STH SOPR) indicates that this class of investors are yet to engage in significant profit-taking. For context, The STH-SOPR measures the ratio of realized profits or losses by investors who’ve held BTC for less than 155 days. A STH-SOPR reading above 1.0 indicates that BTC are being sold at a profit, while values below 1.0 indicate losses. Based on the chart below, sharp increases in this on-chain metric especially into the 1.05-1.20+ range (red zone) have correlated with profit-taking phases and can often precede local tops. However, the STH-SOPR currently sits at 1.02, suggesting that although some short-term holders are in profit, no aggressive market distribution has commenced. This development is particularly bullish considering the STH realized price is presently at $100,000 indicating these investors are 17%-18% in profit and are opting to hold for further price gains. Meanwhile, the analyst notes that this present on-chain situation aligns with the broader sentiment in the derivatives market. Open Interest is climbing, signaling growing participation, but funding rates remain neutral to slightly positive. This lack of extreme funding imbalances suggests that traders are not flooding the market with overleveraged long positions due to FOMO. CryptoMe explains that all these factors indicate the Bitcoin market is far from overheating and there is still potential for more growth ahead. BTC Price Overview At the time of writing, Bitcoin is trading at $117,840 indicating a 3.40% in the past day but a slight 0.82% decline from the present all-time high. Meanwhile, the asset’s daily trading volume is up by 96.53% indicating a strong market activity behind the ongoing rally backing the potential for a continuation. Featured image from Pexels, chart from Tradingview

Crypto analyst TradingShot has drawn attention to a bullish pattern for Dogecoin, indicating that a significant price surge is on the horizon. The analyst suggested that this could be the final leg up for the foremost meme coin and advised market participants not to miss it. Dogecoin Eyes Parabolic Rally With Megaphone Pattern In a TradingView post, TradingShot predicted that Dogecoin could rally to as high as $1.25. He noted that the meme coin has been trading in a bullish Megaphone pattern within a channel up. The analyst added that the recent rebound on June 16 on the weekly MA200 is a higher low at the bottom of both patterns. With the 1-week Relative Strength Index (RSI) also rebounding on its long-term support zone, TradingShot declared that Dogecoin is most likely at the start of a new bullish leg. He noted that this could be the final rally that will shape this cycle’s top. Meanwhile, the analyst claimed that DOGE is targeting $1.25 because the previous two bullish legs peaked on the 3.618 Fibonacci extension of the last decline. He told market participants that they can settle for $0.8 if they wish to pursue a target within the Channel up. A rally to both $0.8 and $1.25 would mark new all-time highs (ATHs) for Dogecoin, whose current ATH is at $0.73. His accompanying chart showed that DOGE could reach these targets in the first half of next year. Dogecoin is expected to maintain a steady climb from now till then as it reaches those targets. The meme coin has already begun another uptrend following Bitcoin’s rally to a new ATH. DOGE has again reclaimed the $ 0.20 psychological price level and could potentially reach its last local high at around $0.26. DOGE Against Its Bitcoin Pair In an X post, crypto analyst Kevin Capital stated that the DOGE/BTC chart is sitting in a historical zone of support with the monthly time frame indicators fully reset. The analyst indicated that this was possibly the best setup for Dogecoin, one that could spark a massive run for the meme coin. Meanwhile, crypto analyst Trader Tardigrade stated that the Dogecoin-to-Bitcoin chart might show a God candle this month. This God candle could spark a DOGE season, when the meme coin is expected to outperform the flagship crypto. The analyst’s accompanying chart showed that DOGE could rally to as high as $9 during this period. Meanwhile, he highlighted the $0.2 support level as being crucial for this lift-off for the meme coin. At the time of writing, the Dogecoin price is trading at around $0.2, up almost 2% in the last 24 hours, according to data from CoinMarketCap.

Highlights include US CPI and Retail Sales, UK CPI and Jobs report, China trade and GDP, Aussie Jobs, and CPI from Canada and Japan. Newsquawk Week Ahead: Highlights 14-18th July 2025 MON: EU 90-Day Retaliatory Pause Ends; Indian WPI (Jun), Chinese Trade Balance (Jun) TUE: OPEC MOMR; Chinese House Prices (Jun), Retail Sales (Jun), GDP (Q2), German WPI (Jun), EZ Industrial Production (May), German ZEW (Jun), US CPI (Jun), NY Fed Manufacturing (Jul), Canadian CPI (Jun) WED: UK CPI (Jun), EZ Trade (May), US PPI (Jun), Industrial Production (Jun) THU: Japanese Trade Balance (Jun), Australian Unemployment (Jun), UK Unemployment & Wages (May), EZ Final HICP (Jun), US Export/Import Prices (Jun), Weekly Claims, Philadelphia Fed (Jul), Retail Sales (Jun) FRI: Japanese CPI (Jun), German Producer Prices (Jun), US Building Permits/Housing Starts (Jun), Uni. of Michigan Prelim.(Jul) Newsquawk Week Ahead: Highlights 14-18th July 2025 CHINESE TRADE BALANCE (MON): There are currently no central expectations for the Chinese June Trade Balance, although the metrics do encapsulate the 90-day trade agreement between the US and China on May 12th. Using the most recent Caixin June PMIs as a proxy, the commentary suggested, “According to panellists, better trade conditions and promotional activities supported a fresh rise in new orders. The rate of new order growth was only marginal, however, as external demand remained muted. New export orders declined for the third month in a row in June, albeit at a noticeably weaker pace than in May. However, the commentary added, “supply chain conditions continued to deteriorate at the end of the second quarter, as Chinese manufacturers experienced delivery delays again in June.” Analysts at ING expected a modest uptick in export and import growth, suggesting that “Early signs are that there isnʼt much trade frontloading activity during the tariff ceasefire period so far.” Newsquawk Week Ahead: Highlights 14-18th July 2025 CHINESE GDP/RETAIL SALES/HOUSE PRICES (TUE): The focus will be on Chinaʼs Q2 GDP, with the latest Reuters poll forecasting Q2 Y/Y growth at 5.1% (vs 5.4% in Q1) and Q/Q at 0.9% (vs 1.2% in Q1). The YTD Y/Y rate is seen at 5.6% (prev. 5.8%). The poll also forecast 2025 GDP growth at 4.6% vs Chinaʼs target of “around 5%”. Analysts note that while headline growth is likely to hit the 5% annual target, concerns persist around underlying domestic demand, employment, and deflationary pressures. ING highlights that ecent hard data has been mixed, with retail sales surprising to the upside but industrial production and investment softening. On housing, two straight months of notable price declines have raised speculation about potential real estate stimulus, with markets watching the housing price release for further signs of a downturn. Note, on July 10th, the gauge of Chinese property shares posted the largest gain in nine months amid speculation that a high-level meeting will be held next week to help revive the property sector, according to Bloomberg. SCMP flags that rising external uncertainties—especially new US tariffs—could prompt calls for more proactive fiscal policy. Still, economists suggest that Beijing is unlikely to deploy major stimulus unless export growth slows more sharply, as policymakers appear focused on meeting but not exceeding the 5% target, according to the article. In terms of monetary policy forecasts, the aforementioned Reuters poll also suggested that the PBoC is expected to cut 1yr LPR by 10bps in Q4, and RRR is expected to be cut by 10bps in Q4. Newsquawk Week Ahead: Highlights 14-18th July 2025 CANADIAN CPI (TUE): With the BoC on pause and avoiding forward guidance, the central bank is taking it meeting-by-meeting due to economic uncertainty. The upcoming inflation report will help shape expectations for BoC easing. Money markets are only pricing in one further rate cut by the end of the year. The prior BoC statement in June highlighted how, excluding taxes, inflation was slightly stronger than the BoC expected, while the BoC’s preferred measures moved up. It also highlighted that “recent surveys indicate that households continue to expect that tariffs will raise prices and many businesses say they intend to pass on the costs of higher tariffs”. The next BoC meeting is on July 30th, and the guidance from the BoC noted they “will continue to assess the timing and strength of both the downward pressures on inflation from a weaker economy and the upward pressures on inflation from higher costs”, adding it is proceeding carefully. Meanwhile, in a recent speech, Macklem warned that “underlying inflation could be firmer than we thought”. However, if inflation pressures were contained, the BoC agreed there could be a need for a further cut in the policy rate. The problem the BoC faces is that there could be a slowdown in inflation due to the tariff impact on the labour market and economic growth, but at the same time, upward pressure could be seen due to the implementation of tariffs. The BoC will be monitoring upcoming inflation reports to gauge what way prices are being pushed before dictating monetary policy. ” Try Newsquawk free for 7 days Newsquawk Week Ahead: Highlights 14-18th July 2025 US CPI (TUE): The consensus expects US CPI to rise by 0.3% M/M in June, picking up in pace vs the +0.1% in May; core CPI is also expected to rise by +0.3% M/M in June after the +0.1% in May. Wells Fargo says the data is likely to show inflation beginning to strengthen again, albeit not enough to alarm Fed officials at this stage. It said that “amid a softer labour market and services inflation dissipating a bit more, the pickup in core inflation stemming from tariffs is likely to look more like a bump than a spike.” The data will be framed in the context of how US tariff policy is impacting prices, and the consequential knock-on onto Fed policy. Most Fed officials have taken a cautious approach on the outlook for rates, given expectations that consumer prices are expected to rise towards the end of the year due to tariff effects. However, some (Bowman and Waller) have suggested that the tariff-induced price rises might be a one-off and would therefore allow officials to look at rate cuts as soon as the July meeting if inflation pressures remain contained. Money markets, however, do not see this materialising, and are currently pricing a sub-5% probability that the Fed will reduce rates on July 30th; through the end of the year, markets are still fully pricing two 25bps reductions, in keeping with the Fed’s own projections. UK CPI (WED): Expectations are for headline Y/Y CPI to rise to 3.5% from 3.4% with the core Y/Y rate seen holding steady at 3.5%. As a reminder, the May report saw headline Y/Y CPI slip to 3.4% (matching the MPC forecast) from 3.5%, core decline to 3.5% from 3.8% and services fall to 4.7% from 5.4% as the Easter-driven boost seen in the April data unwound. This time around, analysts at Oxford Economics, who hold a below-consensus view of 3.4% for headline Y/Y CPI, expect a series of offsetting forces. Specifically, they anticipate that “modest upward pressure from a smaller drag from the petrol category and base effects in the core goods category will likely be counterbalanced by softer services inflation”. From a policy perspective, the release will likely underscore the tough balancing act put before the MPC, whereby growth appears to be slowing, the labour market is loosening, but inflation is stubborn and is set to remain the case. As it stands, an August cut is priced at 78% for the August meeting, with a total of 52bps of loosening seen by year-end. AUSTRALIAN JOBS REPORT (THU): The Australian labour force data for June comes after Mayʼs surprise 2.5k drop in employment, which followed a sharp April gain (+87.6k). Westpac expects a +30k rise in June employment (vs market forecast of +20k), with underlying three-month average jobs growth holding steady at 2.3% Y/Y—matching late 2024 levels and signalling ongoing labour market resilience. The participation rate dipped to 67.0% in May but is forecast to edge back to 67.1% in June, supporting the view that the unemployment rate will hold at 4.1% for a fifth straight month, according to the desk. Overall, Westpac notes that job growth remains robust beneath monthly volatility, with labour market conditions still steady despite recent swings. Newsquawk Week Ahead: Highlights 14-18th July 2025 UK JOBS (THU): Expectations are for the ILO unemployment rate in the 3-month period to May to hold steady at 4.6% with headline earnings (ex-bonus) 3M/YY set to pull back to 5.0% from 5.2%. As a reminder, the prior report showed a large contraction in HMRC payrolls change (-109k vs. prev. -55k) for May, the unemployment rate in the 3M period to April rose to 4.6% from 4.5% and headline earnings 3M/YY slipped to 5.3% from 5.6%. This time around, analysts at Investec continue to flag the data quality concerns that have been plaguing the labour market report; however, they expect employment growth to slow on account of their estimates “that vacancies and more timely PAYE employment figures have recently softened, and at an increasing pace”. Note, markets will also be keeping an eye on any upward revision to last monthʼs HMRC payrolls print. On the pay front, the desk also notes signs of recent weakness and expects further softness in the upcoming report, adding that “there are helpful base effects rom now lower wage settlements coming through compared with higher pay deals a year ago”. From a policy perspective, the likes of Bailey and Ramsden have noted the softening in the labour market. However, there hasnʼt been much in the way of comms from the MPC to brace markets for an increase in the pace of rate cuts from its current cadence of every other meeting. Note, the impact of the release will need to be taken in the context of the inflation data due out the day before. US RETAIL SALES (THU): Analysts expect US retail sales to be unchanged in June, with the consensus predicting +0.0% M/M from a prior -0.9%; the ex-autos measure is seen rising +0.3% M/M vs a prior -0.3%. Bank of America’s monthly consumer checkpoint data suggests that there was an overall rise of +0.7% M/M in June, though services spending is seen slipping for a third straight month. Its aggregated credit card data showed that credit and debit card spending per household was up +0.2% Y/Y in June (vs +0.8% Y/Y in May), and seasonally adjusted, spending per household rose +0.3% M/M, only partially unwinding the monthly declines of 0.2% and 0.7% in April and May. BofA said, “it appears consumers are pulling back on some areas of discretionary services spending, though this cooling does not currently appear broad-based.” BofA did note, however, that lower-income households’ spending growth is particularly soft, with total card spending growth negative on an annualised basis in the three months to June; “these households also have the weakest after-tax wage growth in Bank of America deposit data,” but the spending and wage growth of higher-income households appears to have risen. JAPANESE CPI (FRI): There are currently no median market expectations for the June CPI, but the data follows Mayʼs 3.7% Y/Y rise in the core index—a more than two-year high and well above the BoJʼs 2% target. ING expects the release to show a slight easing of inflation pressures, driven by government caps on energy and food prices, though the headline is still seen staying above 3%. Last monthʼs report noted that persistent food inflation and firms passing on higher labour costs kept price growth elevated, while service-sector inflation continued to accelerate. BoJ policymakers remain divided on the outlook, balancing upside inflation risks against external headwinds from US tariffs. Copyright © 2025 Newsquawk Voice Limited. All rights reserved. Registered Office One Love Lane, London, EC2V 7JN, United Kingdom · Registered Number 12020774 · Registered in England and Wales. newsquawk.com · +44 20 3582 2778 · info@newsquawk.com Newsquawk Week Ahead: Highlights 14-18th July 2025 Join Global Traders Association – Click HERE The post Newsquawk Week Ahead: Highlights 14-18th July 2025 appeared first on Forex Trading Forum.

In line with a bullish trading week, Sui (SUI) prices soared by over 20% reaching a local peak of $3.54 before experiencing a slight retracement. The prominent altcoin, which is tipped to be a major player in a potential altseason, has maintained a remarkable price performance in the present market cycle rising by 352.04% in the last year alone. Based on technical indicators, renowned market analyst Ted Pillows postulates SUI may be gearing up for parabolic rally following recent market gains. SUI Market Structure Signals Potential Breakout In an X post on July 11, Ted Pillows shares an insightful price analysis on the SUI market identifying a series of technical signals that precedes explosive market gains. These include a well-defined price movement within a well-defined ascending channel on the weekly timeframe, combined with an imminent bullish MACD crossover. In analyzing the ascending price channel, SUI has shown a strict adherence to both resistance and support zones. Notably, a healthy correction from its previous highs near $5.00 resulted in the altcoin finding support around $2.50 before initiating another rebound. As the altcoin presently consolidates, historical data indicates a potential return to the channel upper’s boundary between $10.50 and $13.00. However, the major strength in Pillows’ bullish thesis is the MACD setup that shows an impending bullish crossover i.e. when the MACD line (white) crosses above the signal line (orange), often interpreted by traders as an early sign of trend reversal or strengthening bullish momentum. Historically, the last time a decisive bullish MACD cross occurred on the weekly chart, it induced a six-month rally that delivered over 400% in gains. Going by this precedent, SUI bulls may be eying a potential price target of $13.76 by end of 2025. SUI Market Overview At the time of writing, SUI trades at $3.42 reflecting a 1.16% decline in the past 24 hours. Meanwhile, the market trading volume is up by 17.68% and valued at $1.95 billion. On a monthly scale, SUI has recorded a marginal loss of 0.11%, suggesting that bearish forces still maintain a subtle grip on the market. Nevertheless, data from CoinMarketCap shows the Sui community remains bullish on the altcoin’s future. Contributors to this market optimism includes the potential of SUI spot ETF following applications by prominent asset managers such as Grayscale, Canary Capital and 21 Shares. Meanwhile, the potential of an altseason remains valid amidst continuous speculations by market analysts. As earlier stated, SUI’s strong price history and growing recognition places the cryptocurrency as a major frontrunner in any altcoin market run.

The dollar rose against most of the G10 currencies last week. The Australian dollar and Swedish krona were the exceptions. The Aussie was helped by the central bank's surprise decision not to cut rates. The krona may have been helped by stronger than expected June inflation, with the key measure jumping to 3.3% from 2.5%), ostensibly delaying a final rate cut in the cycle. We have been framing the recent dollar recovery as a technical correction, aided by higher US rates, of the leg down from June 23, apparently inspired at the time by more aggressive attacks on the Fed's monetary stance that has continued to be decided with no dissents. The Dollar Index rose every session last week, and in fact, it has not fallen since July 2. The US 10-year yield fell only in one session so far this month and the two-year yield twice. The dollar has met many of the technical objectives, and has overshot them against sterling, which has fallen for six consecutive sessions, the yen, and the Canadian dollar. While a deeper correction may ensue, we suspect that a clear picture will emerge in the coming days. The US reports CPI (likely to have accelerated) on Tuesday, the producer prices and Fed's Beige Book are out Wednesday, and import prices released on Thursday (expected to have risen). Also, by that time, the US will announce other bilateral tariff rates, especially but not only with the EU. After reporting an unexpected contraction in May (-0.1% after -0.3% in April), the UK is expected to report stubborn inflation and a continued streak of falling payrolls. Such a mix of data only exacerbates the coming fiscal challenges facing the government. Meanwhile, the market may see a robust eurozone industrial production report and continue to downgrade the chances of another rate cut this year. It finished last week at the least since early April. Lastly, of note, and its importance does not lie in its impact on the heavily managed yuan, but China will be the first large country to report Q2 GDP. Many expect China to acknowledge some slowing in activity. US Drivers: It has become part of the mainstream narrative that the dollar has become decoupled from interest rates. While recognizing that the uncertainty emanating from Washington may mean that the dollar requires a greater interest rate to support it, the dollar's upside correction has coincided with US rates. The two- and 10-year yields are up about 17 bp this month. The implied year-end effective Fed funds rate rose by around 16 bp. Federal Reserve Chair Powell has been most explicit: If it were not for the tariffs, the central bank would likely have resumed its easing. At the end of last week, President Trump indicated that rather than a 10% universal tariff, he is considering 15%-20% levies. Data: The US high-frequency data is likely to show firm consumer price pressures even as the real economy looks to be softening, with industrial output falling for the fourth month in the first six, and the first back-to-back decline of the year. Retail sales may have stabilized in June after falling in April and May. Consumer prices are expected to have risen by about 0.3% at the headline and core levels, which given the base effect, will translate to a 2.7% year-over-year rate (up from 2.4% in May) headline rate and a 3.0% core rate (up from 2.8% previously). While some businesses are eating the tariffs through narrower profit margins, import prices, excluding oil, rose at an accelerating pace in Q2. And contrary to the popular narrative, foreign investors, through April, purchased more US stocks and bonds in 2025 than in 2024. Prices: The Dollar Index met the (50%) retracement objective, near 97.90 of its decline from June 23. The next retracement (6.18%) is around 98.25. The trendline connecting the March, April, May and June highs is by 98.15 on Monday and closer to 97.80 at the end of the week. If a larger correction is afoot, a small gap from the lower opening on June 24 (~98.25-98.35) may attract and the 98.50 area corresponds to the (38.2%) retracement of DXY's losses since the mid-May high that was slightly shy of 102.00. EMU Drivers: The euro's recent downside correction coincided with a little more than a 20 bp widening of the US two-year premium over Germany. The move appears nearly complete, though it will be clearer after the US June CPI on Tuesday. Many look for the euro to continue to climb and the next big target is near $1.20. The swaps market sees little chance of an ECB hike later this month. The probability of a hike at the next meeting in September has fallen to below 40% from nearly 60% at the end of last week. The European Central Bank front-loaded rate cuts, and although the euro's appreciation may continue to dampen price pressures, the easing cycle seems to have paused. The odds of another cut this year have been shaved to about 80%, the lowest in two months. The US tariff letter will likely surprise no matter the details. Data: The eurozone sees May industrial production, trade, and construction figures. Germany reports the ZEW investor survey. The data are unlikely to change the general picture that the regional economy has nearly stagnated after it expanded by 0.6% in Q1. Prices: The euro overshot the (38.2%) retracement of its rally since June 23, found near $1.1685, but has stalled ahead of the (50%) retracement, seen around $1.1640. It has approached but not traded below the 20-day moving average (~$1.1665), and it has not closed below it since May 19. The five-day moving average looks poised to cross below the 20-day in the coming days, for the first time since May 23. A convincing break of the $1.1600 area signals a deeper correction that could extend another cent or more. PRC Drivers: Beijing continues to have the yuan shadow the dollar. In a weak dollar environment, it means the yuan gains against the currencies of its other trading partners. This year, only the Hong Kong dollar and Indonesian rupiah and Indian rupee in the Asia Pacific region have been weaker than the yuan. The yuan has depreciated by about 10.8% against the euro and 5.0% against the yen. The PBOC has been gradually ratcheted down the dollar's daily reference rate. It was set at CNY7.1475 before the weekend, the lowest since last November. It was last set above CNY7.17 on June 23. Data: Chinese economic activity looks like it moderated in June and in Q2. On July 15, China will become the first large economy to report Q2 GDP. On a quarterly basis, it seems to have slowed to about 1% from 1.2% in Q1. On a year-over-year basis, the growth may have ticked down to 5.2% from 5.4%. The property market shows little sign of stabilizing, let alone recovering. The PBOC appears to have walked back its pledge to cut rates and reserve requirements. Prices: The dollar peaked in the middle of last week near CNH7.1880. It finished the week at a four-day low around CNH7.1660. It retraced (61.8%) of the bounced from the year's low set July 1, which was near CNH7.15. On a break of CNH7.1650, support is seen slightly below CNH7.16. Japan Drivers: The rolling 30-day correlation of change in the dollar-yen and the US 10-year yield has approached 0.68, the highest since February. Recall it bottomed slightly below 0.10 on May 2. The 60-day correlation is near a three-month high. Changes in the exchange rate are more correlated with the rise in US 10-year yields than the Japanese yields. In fact, the 30-day correlation of changes of Japanese long-term bond yields (30- and 40-years) is positive correlated changes in the dollar-yen exchange rate. Data: The June CPI may the media's attention, though Tokyo's CPI on June 27 contained the signal: price pressure moderated. Tokyo's headline rate eased to 3.1% from 3.4% and the core (excludes fresh food) fell to 3.1% from 3.6%. Excluding fresh food and energy, Tokyo's CPI slipped to 3.1% from 3.3%. The national figure looks to have slowed to around 3.2% from 3.5% and the measure may have fallen to 3.2%-3.3%. The swaps market is discounting practically no chance of a hike at this month's meeting. It has about 10 bp of tightening priced by the end of the year, the least in about two months. Separately, Japan may revise May industrial production. It was initially estimated to have risen by 0.5% after falling 1.1% in April. In Q1, it rose by an average slightly less than by 0.5% a month, The service sector is faring better. The tertiary activity index rose by 0.3% in April, and the services PMI (51.7 vs. 51.0) suggests further gains. Japan's June trade figures will also be reported. There is a powerful seasonal pattern. In the past 20 years, the balance has improved in all but one year in June. In May, Japan reported a deficit of almost JPY640 bln. In the first five months of the year, Japan recorded a trade deficit of about JPY2.37 trillion (~$15.9 bln) compared with a deficit of JPY3.59 trillion in the same year ago period. Lastly, note that Japan goes to the polls for an upper house election on July 20. A poor showing by the LDP could set the stage of a leadership challenge later this year, but the immediate market impact is unlikely to be significant. Prices: The dollar posted its highest settlement against the yen since May 13. The next target may be the June 23 high near JPY148.00. For about two months, the greenback has chopped between almost JPY142 and JPY148.00. The momentum indicators are constructive. Even without new coupon supply next week, the US Treasury yields look poised to rise in the coming days. The higher US universal tariff base may reinforce the sense of higher for longer, aided by a firmer CPI and the largest rise in US import prices since February. UK Drivers: Unlike the dollar, the sterling has found little support from the rise in UK 10-year Gilt yields. The rolling 30-day correlation of changes has been inverted for most of this year, with early March through early April an exception to the rule. In fact, the 30-day inverse correlation reached near -0.45, the most in a year. It is also broadly true of the correlation with the two-year Gilt yield. Except for a brief period at the start of the year, and against from early March through early April, the rolling 30-day correlation has been inverse. It is around -0.40, a little off the most inverse (-0.46 on July 4) since last June. Data: Two of the most market-sensitive reports will be released in the coming days: prices and labor. Given the base effect (the 0.1% increase in June 2024 drops out of the 12-month comparison), the rise is on the upside May's 3.4% year-over-year rate. Partly owing to a hike in utility taxes, consumer prices rose at an annualized rate of 4.8% in the first five months of the year compared with a 2.9% pace in the Jan-May 2024 period. Meanwhile, the UK labor market is slowing, and some at the Bank of England attribute it, at least partly, to the payroll tax increase. Wage growth is slowing, trending down this year, and continues to outstrip the rise of the CPI basket. For three weeks now, the swaps market has discounted an 80% chance or better of a BOE rate cut next month. Prices: The unexpected contraction in May's GDP sent sterling through the $1.3530 low it saw last Tuesday and Thursday, which marked the (61.8%) retracement of the rally from the June 23 low. Sterling has declined for six consecutive sessions. That matches the longest losing streak in two years. Nearby support is seen around $1.3460-70, and a break signal another cent decline. The momentum indicators are falling and, ahead of the weekend, the five-day moving average slipped below the 20-day moving average. Canada Drivers: The changes in the USD-CAD exchange rate and US two-year yield are about 0.25 over the past 30 sessions. The correlation of change in the exchange rate and the Dollar Index peaked near 0.80 in May and held above 0.70 until July 4 and is now near 0.65. The 30-day correlation with changes in WTI moves around quite a bit. It has been around -0.40 to 0.30 for the past two months and is now a little below 0.20. Data: Like, the US, UK, and Japan, Canada also reports its CPI in the coming days. Barring, a dramatic downside surprise, the Bank of Canada most likely will not change monetary policy the month's end meeting (July 30). Still, May's 0.6 jump in the CPI overstates the case. A 0.1%-0.2% rise is likely in June. However, due to the 0.1% decline in June 2024, the year-over-year pace may quicken to 1.9%-2.0% after holding 1.7% for the previous two months. The underlying core rates have been firm at 3.0%-3.1% for the last two months, up from 2.5% at the end of last year. And like the US, Canada will report May's portfolio flows. In the first four months of 2024, foreign investors bought a net of about C$$64.4 bln of Canadian securities. In Jan-April 2025, they have been net sellers of about C$15.1 bln. Still, there are other sources of supply and demand for the currency than foreign purchases of stocks and bonds. And for the record, the Canadian dollar weakened in the first four months of 2024 (~-3.9%) while it appreciated (~4.0%) in the Jan-April 2025. Prices: The greenback looked at is if it might hold the (61.8%) retracement of its losses from June 23, found slightly above CAD1.3700. But the US 35% tariff lifted the US dollar to CAD1.3730, a two-week high. The details, including the treatment of products that are compliant with the USMCA that was negotiated in President Trump's first term. A push above CAD1.3740 could signal a return to CAD1.38. The US tariff and the sectoral tariffs can be expected to weaken the Canadian economy, but the year-end rate implied by the options market rose five basis points last week to 2.50%, the highest weekly close since late February. Australia Drivers: The Reserve Bank of Australia surprised the market with its decision to stand pat last week. The Australian dollar rallied but the rolling 30-day correlation of changes in the exchange rate and Australia's three-year yield is below 0.10. Its correlation with changes in the Canadian dollar is more than 0.65. The 30-day correlation of changes in the exchange rate and Dollar Index is around -0.65. It reached -0.80 in early July, its most inverse reading since April 2024. Data: Following on the heels of last week's central bank decision, Australia will report on last month's labor market. Overall, Australia has created an average of 18.3k jobs a month in the first five months of this year compared with a 32.1k average in the same year ago period. However, full-time hiring has held up better. Of those jobs, 20.4k average per month, have been full time positions. In Jan-May 2024, full-time positions grew at an average pace of 24.5k a month. The challenge is that the participation rate continues to expand. It averaged 66.6% in the first five months of 2024 and 67.0% in the first five months of this year. Still, the unemployment rate has been steady at 4.1% this year. The futures market has a cut next month nearly fully discounted despite last week's surprise. Prices: The Australian dollar began last week poorly. On Monday, it settled below $0.6500 for the first time in almost two weeks. But, fueled by the central bank catching the market wrongfooted, the Australian dollar made a marginal new high for the year (~$0.6595) ahead of the weekend. The five- and 20-day moving averages, which had looked set to cross, are both rising. If it is an upside break, there is little chart resistance ahead of $0.6700. That said, a word of caution may be coming from the momentum indicators, which appear soft. Mexico Drivers: The peso does not appear particularly sensitive to changes in US or Mexican rates. The 30-day correlation between changes in the USD-MXN exchange rate and the Dollar Index is around 0.50. It peaked a little above 0.65 in near mid-June, its best level since March 2024. The wide interest rate differential and relative low volatility make the peso an attractive long in carry trades against the dollar. In the first half, it generated a total return of almost 14.2% for US dollar investors. Mexican stock and dollar-bonds have outperformed the US this year. Data: Mexico's economic calendar is sparse this week. The Labor Ministry is expected to report June nominal wages. In May, public sector employees’ nominal wage growth of 4.1% is nearly flat when adjusted for CPI. Private sector employees, on the other hand, have seen an 8.6% increase in nominal wages. After four half-point rate cuts, the central bank is expected to stand pat when it meets next on August 7. Prices: The dollar's gentle decline was extended to almost MXN18.55 last week. It has not been there since last August. The dollar appears to have put in a near-term base. The 35% tariff the US has levied on Canada spooks some market participants and the peso's loss of more than 0.5% before the weekend was largest decline in three weeks. For the past three months, the US dollar bounces to the 20-day moving average, now a little above MXN18.83, have offered peso buyers good opportunities. Some particularly deft participants can monetize current hedges and reset on the dollar bounce. Disclaimer

Bitcoin has officially entered a new chapter in its bull market, surging to fresh all-time highs near $118,800 after weeks of tight consolidation. This decisive breakout marks a pivotal shift in momentum, with analysts pointing to a potential explosive leg higher as bullish sentiment returns. The move above previous highs has not only reignited interest in BTC but also fueled optimism across the broader crypto market. One of the most telling indicators of the current cycle’s strength is Bitcoin Dominance. According to top analyst On-Chain Mind, BTC dominance has climbed to 65% since the beginning of this bull market. This sharp increase highlights a clear preference among investors for Bitcoin over altcoins, solidifying its position as the market’s anchor in times of volatility and growth. As Bitcoin leads the charge, market watchers believe the breakout could trigger a wave of institutional inflows and renewed attention from sidelined retail investors. With momentum building and confidence growing, the breakout above $118K may just be the start of an even larger move, one that could define the next phase of the 2025 crypto bull cycle. Bitcoin Leads The Charge After weeks of sideways consolidation below the $110,000 mark, Bitcoin has finally broken out, launching a new bullish phase and pushing the broader crypto market into motion. Altcoins, which had lagged in recent months, are now climbing above key resistance levels as confidence spreads. This coordinated move comes amid a backdrop of macroeconomic shifts, with market participants increasingly anticipating a weakening US dollar and the return of inflationary policies under US President Donald Trump’s administration. With expectations of rate cuts looming and pressure mounting on the Federal Reserve, the market sees crypto—especially Bitcoin—as a natural hedge. However, caution still lingers. US Treasury yields remain elevated, continuing to flash warnings of systemic stress in the traditional financial system. That tension has only strengthened Bitcoin’s appeal as a non-sovereign, hard-capped monetary asset. Bitcoin dominance tells the story clearly. “At the start of this bull market, it sat at 40%. Today? 65%,” noted On-Chain Mind, emphasizing how investor preference has overwhelmingly leaned toward BTC. This dominance reflects a trend that has barely flinched, even as Ethereum and other altcoins attempt to catch up. As BTC leads the market higher, its dominance reinforces its role as the primary beneficiary of macro uncertainty. While the altcoin space is beginning to show signs of life, it’s clear that Bitcoin remains the anchor, and investors aren’t ready to rotate just yet. 4‑Hour Chart: Post‑Breakout Cooling Bitcoin’s 4-hour chart shows a clean breakout followed by consolidation, a typical sign of strength after an impulsive move. Price surged from the long-standing resistance at $109,300 to a local high of $118,000 in less than twelve hours, marking an 8% rally. This breakout flipped prior resistance into support and triggered strong volume, validating the move. Volume has decreased during this period, which is characteristic of a bullish consolidation rather than distribution. The 50-period moving average (blue) has crossed above the 100-period (green), forming a short-term golden cross near $109K. This crossover supports a bullish outlook, with the 200-period moving average (red) trending upward from $105K, reinforcing the structure of higher lows. As long as Bitcoin remains above $112K, bulls are firmly in control. A drop below $109K would invalidate the breakout and raise short-term risks. However, if price can break above $118K with conviction, it could open the door to a run toward the $120K psychological level. Featured image from Dall-E, chart from TradingView

The Solana price has fallen by a considerable amount after hitting an all-time high of almost $300 back in January 2025. Even with the recent market recovery, the price is still sitting over 45% below its all-time high price, highlighting the struggles that the altcoin has faced in recent times. Amid this, a crypto analyst has suggested that the Solana price could crash even further from here, predicting a 40% crash could be in the cards once more. Why Solana Could See A Price Crash Crypto analyst The Alchemist Trader has highlighted the development of a rare bullish harmonic pattern on the Solana price chart. Now, while this pattern formation is inherently bullish for any digital asset, the shorter term does come with some hurdles for the altcoin to surmount first. The main thing to focus on here is that this bullish pattern does initially trigger a liquidity sweep of previous lows. In this case, the recent Solana price low lies at the $95 level, which is a 40% decrease from its current price, trending above $150. The possibility of this low sweep is made even more prominent by a couple of technical developments on the chart. The first technical point the analyst shows is the Point of Control (POC) Battle. According to the analysis, the Solana price is now testing this POC level with low momentum, shown by the slow climb over the last few days. Additionally, there is also mounting resistance at the Value Area High and the 0.618 Fibonacci level, which lies just above $163. Then, there is the completion of the C-leg of the wave, putting it as low as $95. A crash to this level becomes more likely if the Solana price fails to break through the resistance with conviction. If the price is rejected and the C-leg does play out, then this correction is expected to trigger the 40% crash to the $95 level. It’s Not All Bearish News As already mentioned above, the bearish leg of the rare bullish harmonic pattern is only temporary and often gives way to an even stronger impulse move. As the crypto analyst explains, the crash to $95 will only happen in the immediate short term, but it does not actually invalidate the overall bullish trend. Once the D-leg is over and the crash is completed, the crypto analyst predicts that the Solana price will start to rally again. From the predicted $05 lows, an over 100% move is expected to take it back to $200 and beyond before the rally is over. The analyst explains that “Until this scenario is confirmed or invalidated, Solana remains range-bound between major high time frame levels.” Therefore, “Traders should stay alert for signs of rejection at current resistance — or, conversely, a volume-backed breakout above the value area high that would negate the harmonic setup.”

Ethereum has finally broken above the critical $2,850 level, igniting momentum across the broader altcoin market. After weeks of sideways trading, this breakout marks a potential turning point, as many altcoins followed ETH’s lead with sharp upward moves. Analysts are calling this shift the early stages of a new altseason — a period where alternative cryptocurrencies outperform Bitcoin and deliver significant gains. Among those spotlighting Ethereum’s strength is Ryan Sean Adams, founder of Mythos Capital, who took to X to highlight the strategic evolution of Ethereum’s positioning. “The ETH community has executed blue money gospel marvelously over the past 2 months,” he wrote, referring to his earlier thesis of Ethereum as a global, productive asset. This renewed narrative, focused on Ethereum as a yield-generating, store-of-value asset backed by an active economy, appears to be resonating with institutional and retail investors alike. With Ethereum leading the market and altcoins gaining momentum, all eyes are now on whether this rally can sustain and confirm the start of a broader bullish phase for the crypto market. Ethereum Undervaluation Sparks New Narrative Since 2022, Ethereum has been underperforming against Bitcoin, with altcoins suffering as a result. While Bitcoin continues to dominate the crypto narrative — recently breaking into new all-time highs — Ethereum still trades more than 60% below its November 2021 peak. This stark divergence has frustrated many ETH holders, but some analysts and investors now view it as a massive opportunity. Adams has become a prominent voice in Ethereum’s ecosystem, and believes a major shift is already underway. According to Adams, the Ethereum community has successfully rebranded ETH as a “blue money” asset — a concept that positions Ethereum alongside traditional stores of value like gold, oil, and Bitcoin. But unlike those, ETH is backed by an on-chain economy that generates yield. “We are emphasizing ETH, the asset now,” Adams wrote on X. “It’s made a huge difference. Keep going. ETH = world reserve asset.” His bold, almost maximalist stance is a call for the market to reassess Ethereum’s fundamental value. Rather than seeing it solely as infrastructure for decentralized apps, Adams argues that Ethereum is maturing into a globally viable reserve asset — one that offers both security and yield. If that narrative continues gaining traction, ETH could be poised for a major revaluation in the months ahead. ETH Reclaims Key Level As Bulls Regain Control Ethereum (ETH) is showing renewed strength, surging nearly 15% on the week to trade around $2,955. This marks a successful breakout above the key resistance zone at $2,850, a level that previously acted as both support and resistance throughout the past two years. The weekly candle shows strong bullish momentum, supported by a significant increase in trading volume. The chart reveals that ETH has now reclaimed the 100-week and 200-week moving averages, which sit at $2,644 and $2,428, respectively. Reclaiming these long-term averages is a strong technical signal that the downtrend may be over, and a new bullish phase could be starting. Despite the breakout, Ethereum is still trading far below its all-time high near $4,900. This presents upside potential if the bullish momentum continues. With this breakout, ETH also confirms a higher low structure, reinforcing the bullish case for further gains. If price holds above $2,850 in the coming days, the next resistance zone sits around $3,300–$3,600. A close above those levels could open the door to a rally toward $4,000 and beyond. Featured image from Dall-E, chart from TradingView

A Bloomberg investigation is drawing attention to a surprising connection between crypto giant Binance and the Trump-linked stablecoin USD1. According to sources familiar with the matter, Binance provided behind-the-scenes tech and promotional support for the token just months before its founder, Changpeng Zhao, better known as CZ, asked former President Trump for a pardon. Binance Quietly Powered a Political Stablecoin USD1 was launched by World Liberty Financial and branded as a Pro-American alternative to other stablecoins. What was not public at the time was how deeply Binance was involved. The company reportedly handled the token’s core infrastructure and helped promote it to its massive global user base. The arrangement didn’t stop there. World Liberty also made a $2 billion investment in Binance using USD1, and that money is still sitting in Binance wallets. Critics argue this setup could be quietly generating significant interest for the Trump family while raising serious ethical red flags. https://twitter.com/dramasodacoin/status/1943859790574211526 CZ has since stepped back from Binance’s day-to-day operations. His request for a pardon was presented as a personal matter, and Binance has declined to comment on the timing or nature of its relationship with World Liberty. A spokesperson for the Trump-linked firm dismissed the investigation as politically driven. DISCOVER: Best New Cryptocurrencies to Invest in 2025 A Question of Timing and Influence What’s raising eyebrows is the overlap. Binance was still under regulatory scrutiny for past money laundering violations when the USD1 partnership happened. CZ, having paid steep fines and stepped down as CEO, later sought a pardon from Trump. Now the connection between that pardon request and Binance’s quiet role in a Trump-affiliated stablecoin is hard to ignore. At the same time, USD1 has been moving capital across borders, especially between investors in the UAE and Binance accounts. That adds a layer of international money movement to an already politically sensitive situation. Inside Crypto Circles, Alarm Bells Are Ringing The crypto community has seen plenty of hype around tokenized assets and political coins, but this case feels different. Bloomberg’s report shows Binance built the actual rails for USD1, coded the token, and helped amplify it across its network. For a company still under the microscope, taking part in something this politically loaded has surprised even industry insiders. EthereumPriceMarket CapETH$355.03B24h7d30d1yAll time World Liberty denies any special treatment, and Binance maintains that CZ no longer holds operational control. Still, multiple anonymous sources have described Binance’s involvement as both extensive and intentional. DISCOVER: 20+ Next Crypto to Explode in 2025 Bigger Stakes for the Industry If USD1 ends up delivering financial benefit to the Trump family, and if that benefit is tied to a company whose founder is hoping for a legal favor, the implications go far beyond crypto. It raises the possibility that stablecoins are being used as financial vehicles for influence, not just for innovation. This could prompt new scrutiny from lawmakers already looking at stablecoins as tools for shadow finance. Some Democrats have called for stricter controls, pointing to this exact kind of overlap between politics, money, and tech. So What Now? The situation is likely to heat up. If USD1 remains active, if its value keeps flowing into Binance, and if CZ’s pardon request stays in play, this story is not going away anytime soon. For now, it’s a live case study in how crypto, politics, and influence are becoming harder to untangle. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Binance quietly supported the Trump-linked stablecoin USD1 by handling its infrastructure and promoting it to global users. USD1’s $2 billion investment into Binance and CZ’s later pardon request from Trump raise questions about timing and influence. The stablecoin has moved funds internationally, including between UAE investors and Binance wallets, adding geopolitical weight. Crypto insiders are concerned that Binance’s deep role in a political token could blur the line between innovation and influence. The case is fueling debate over whether stablecoins are being used as financial tools for political gain, not just blockchain finance. The post Trump’s Binance Ties Raise Fresh Questions About Stablecoin Ethics appeared first on 99Bitcoins.

Robinhood is back in the spotlight, and this time it is not just about meme stocks. The trading app has started offering tokenized versions of more than 200 U.S. stocks and ETFs to users across Europe. Even private companies like SpaceX and OpenAI made the list. The idea is to take familiar financial assets and bring them into a blockchain-based environment, something that sounds straightforward but carries plenty of fine print. Tokenized Stocks Explained Think of tokenized stocks as digital twins of the real thing. Instead of owning the actual share, you hold a token that reflects its price. Robinhood does this through a special-purpose entity that holds the stock and issues tokens representing it. Source: Shutterstock You can trade them 24/7 and keep them in your crypto wallet. But make no mistake, these tokens do not come with ownership perks. No voting power, no dividends, and none of the usual protections tied to traditional equity. You are getting the price action, not the shareholder rights. A European Test Run This launch is for Europe only, at least for now. Robinhood secured regulatory approval through Lithuania, which lets it operate in more than a dozen EU countries under the bloc’s crypto rules. There are no plans to roll this out in the U.S. yet, but Robinhood has said it is open to expansion once it knows what regulators expect. Until then, American users are on the sidelines. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July2025 Reactions and Pushback The announcement caught some attention. OpenAI came out quickly to clarify that it had nothing to do with the token carrying its name. Regulators in Lithuania and the European Union have also asked Robinhood to explain exactly how it is presenting these assets to users. The concern is that people may not fully understand what they are buying, especially when it involves private companies. BitcoinPriceMarket CapBTC$2.33T24h7d30d1yAll time Investor Buzz Despite the warnings, the market liked the news. Robinhood’s shares grew in value, with some analysts calling the launch a bold and timely move. Still, others were more cautious, pointing out that the company’s valuation already assumes major success and that tokenized stocks come with legal and operational risks that have not been tested at scale. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 The Bigger Picture Robinhood is clearly trying to expand its identity. What started as a stock-trading app is now aiming to be a gateway into tokenized finance. CEO Vlad Tenev has hinted that stocks are just the beginning. Over time, he wants to see credit cards, rewards points, and other everyday assets brought onto blockchains as well. This move also brings more attention to tokenization as a concept. If done right, it could reshape how people interact with financial products, especially in regions underserved by traditional markets. What to Watch In Europe, regulators are watching closely. In the U.S., Robinhood is pushing for more clarity while staying in contact with the SEC. The outcome will help determine whether tokenized stocks become a mainstream option or remain an interesting experiment. Either way, the signal is clear: Robinhood wants a bigger seat at the digital finance table. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways [key_takeaway]Robinhood has launched over 200 tokenized U.S. stocks and ETFs for European users, including private firms like OpenAI and SpaceX.[/key_takeaway] These tokenized stocks offer price exposure but no ownership rights, meaning no voting, dividends, or legal protections. The rollout is limited to Europe through Lithuania’s regulatory approval, with no immediate plans for a U.S. launch. Regulators and companies are raising concerns about user understanding and how these assets are being marketed. Robinhood is positioning itself as a leader in tokenized finance, aiming to expand beyond trading into broader digital assets. The post Robinhood Brings Tokenized Stocks to Europe, Blurs Line Between Blockchain and Brokerage appeared first on 99Bitcoins.

In a positive development for the crypto community, the individual responsible for the GMX exploit accepted the platform’s bounty and returned over $40 million worth of assets stolen from the project. Crypto Hacker Takes $42 Million From GMX On Friday, the recent GMX V1 exploit ended on a happy note after the individual responsible for the incident turned into a white-hat hacker. Perpetual and spot crypto exchange GMX lost over $40 million on Wednesday when an attacker exploited a vulnerability in the protocol’s first version on Arbitrum. According to online reports, GMX V1’s vault contract had a vulnerability that allowed the attacker to manipulate the GLP token price through the system’s calculations. Blockchain security firm SlowMist explained that “The root cause of this attack stems from GMX v1’s design flaw, where short position operations immediately update the global short average prices (globalShortAveragePrices), which directly impacts the calculation of Assets Under Management (AUM), thereby allowing manipulation of GLP token pricing.” Through a reentrancy attack, they successfully established massive short positions to manipulate the global average prices, artificially inflating GLP prices within a single transaction and profiting through redemption operations. As a result, approximately $42 million worth of assets, including Legacy Frax Dollar (FRAX), wrapped bitcoin (WBTC), wrapped ETH (WETH), and other tokens, were transferred from the GLP pool to an unknown wallet. The perpetual crypto exchange halted GMX V1’s trading and GLP’s minting and redeeming on both Arbitrum and Avalanche to prevent another attack and protect users’ funds. However, they clarified that the exploit was limited to GMX’s V1 and its GLP pool. GMX V2, its markets, or liquidity pools, and the GMX token were not affected and remained safe. White-Hat Claims $5 Million Bounty Following the incident, GMX sent a message on-chain and on X offering a $5 million white-hat bounty to the attacker, claiming that their abilities were “evident to anyone looking into the exploit transactions.” GMX’s team noted that returning the funds within the next 48 hours and accepting the bounty would allow the hacker to “spend the funds freely,” instead of taking additional risks to access them. They also vowed not to pursue any legal action and to assist the exploiter in providing proof of source for the funds if it is ever required. Today, the exploiter responded in an on-chain message, accepting the bounty and starting the return process. As Lookonchain reported, they initially returned $10.49 million worth of FRAX on Friday morning. Meanwhile, another $32 million worth of assets had been swapped into 11,700 ETH, which are now valued at $35 million after the King of Altcoins’ price jumped to the $2,990 mark. In the following hours, the hacker returned 10,000 ETH, worth $30 million, keeping only 1,700 ETH, valued at $5.2 million, as the bounty. GMX later confirmed that the funds have now been safely returned and thanked the white-hat hacker for their actions, ultimately giving a positive turn to the incident. Lastly, they informed users that “contributors are working on a proposed distribution plan for presentation to the GMX DAO and will share more information shortly.”

Bitcoin has surpassed its previous all-time high, reaching $118,254 and marking a notable milestone in its price trajectory. This latest milestone comes after BTC’s former high at $111,000 levels in May, representing a 10% gain over the past week and roughly 5.9% in the last 24 hours. At the time of writing, Bitcoin is trading at approximately $117,584. The sharp price increase appears to be giving strength to activity among both miners and leveraged traders, prompting a closer examination of current market behavior. Analysts monitoring on-chain activity have flagged a resurgence of miner activity alongside a rise in derivative positions, suggesting multiple forces may now be contributing to price movements. As these two segments of the market engage more actively, questions are emerging around the sustainability of this rally and whether these behaviors signal confidence or caution. The current on-chain environment shows both selling pressure from miners and increased exposure from long-positioned traders. Bitcoin Miner Activity Rises Alongside Price Surge One of CryptoQuant’s QuickTake contributors, Arab Chain, observed a marked increase in miner activity as Bitcoin crossed the $118,000 level. According to the analyst, this uptick in activity is tied to miner transfers to exchanges, marking the first such increase since May 23. This trend suggests miners could be taking advantage of recent price gains to realize profits. As Arab Chain explained, “The continued activity of miners, coupled with Bitcoin’s price rising to new highs, clearly indicates that they are selling Bitcoin.” Despite this renewed transfer volume, miner behavior has not yet reached the scale of over-the-counter (OTC) selling seen in previous months. Historically, large-scale selling by miners has introduced notable volatility into the market, particularly when sustained across a broader period. The analyst also pointed out the economic leverage miners hold in decision-making, owing to their ability to manage operational costs and balance between holding and selling mined Bitcoin. Whether this increase in exchange flows will develop into heavier selling remains to be seen. Derivatives Market Shows Renewed Leverage Exposure In a separate analysis, CryptoQuant contributor Enigma Trader focused on derivatives market activity, highlighting a 24% surge in open interest from approximately $33 billion on July 1 to over $41 billion by July 11. The timing of this increase coincides with Bitcoin’s breakout above $118,000, and reflects renewed leveraged interest following a reset late last month. This level of open interest suggests that traders are positioning more aggressively, potentially anticipating continued upside. The analyst also noted a shift in funding rates from negative to their highest positive reading in a month, around 0.012% per eight hours. Positive funding indicates that long-positioned traders are paying to maintain their positions, a sign of bullish sentiment. However, Enigma Trader cautioned that such positioning can become precarious if momentum slows. “This setup often fuels upside continuation if spot demand backs it, but also increases the risk of a long squeeze should momentum stall,” the analyst wrote. Featured image created with DALL-E, Chart from TradingView

As Bitcoin (BTC) continues to post new all-time highs (ATH), reaching as much as $118,869 on Binance, market indicators show little sign of overheating. The lack of retail-driven hype amid BTC’s record-breaking run suggests there may still be room for further growth in the flagship cryptocurrency. Bitcoin ATH Sees Absence Of Hype According to a recent CryptoQuant Quicktake post by contributor burakkemeci, Bitcoin’s current rally is notably characterized by the absence of retail investors. The contributor argues that this lack of retail participation implies BTC may still have significant upside potential. The analysis centers on the Spot Retail Activity Through Trading Frequency Surge metric, which tracks the frequency of retail trading activity in the Bitcoin spot market. The analyst shared the following chart to illustrate the trend. When retail trading activity rises significantly compared to the one-year moving average (MA), the chart forms bubbles. Green bubbles indicate that there are very few retail investors currently in the market. Orange bubbles show that trading activity among retail investors is picking up. Similarly, red bubbles indicate caution, hinting that there are too many retail investors in the market and that it may be a good time to consider exit strategies. As the below chart shows, retail activity remains subdued – even as BTC continues to reach new ATHs. In fact, the metric has stayed within the gray zone since March 2024, reflecting a lack of mass retail entry. Historically, retail trading tends to surge as BTC approaches or exceeds ATH levels. The analyst notes that this absence may indicate the cycle top is still ahead: The bull market is still largely driven by institutions and exchange-traded funds (ETFs). When retail finally enters the scene, that might mark the beginning of the final phase. BTC Witnessing Subdued Selling Pressure In addition to the low retail presence, other on-chain indicators suggest that Bitcoin’s current rally is not overheating. For example, the Miner Position Index has been declining since November 2024, implying reduced selling pressure from miners. Another key metric, the Market Value to Realized Value (MVRV) ratio, is holding steady around 2.2 – below the 2.7 levels observed during ATHs in March and December 2024. Recent analysis predicts the next significant resistance may emerge at around $130,900. Despite weak selling pressure and limited retail activity, some recent exchange trends hint at the possibility of a short-term pullback. At the time of writing, BTC is trading at $117,746, up an impressive 6% in the past 24 hours.

Bitcoin’s summer rally accelerated in the early hours of 11 July, when the benchmark cryptocurrency sliced through $118,000 and printed exchange highs that peaked above $118,800, depending on venue data. The spike wiped out an estimated $1.25 billion in short positions within a single trading day, according to CoinGlass figures. Bitcoin Bull Trap Or Breakout? Capriole Investments founder Charles Edwards took to X as the breakout unfolded. “New all-time highs beget new ATHs. It’s usually unwise to ignore a major breakout like this, until invalidated,” he wrote, adding that corporate treasury demand has “grown exponentially, with dozens of new companies popping up in recent months.” Edwards’ base-case projection calls for a further 50–70 percent advance over the next six months—roughly $170,000–$196,000. His focus on treasuries is backed by hard data. Public companies added a record 159,107 BTC in Q2—pushing aggregate corporate holdings above 847,000 BTC, or about four percent of max supply. Corporate Bitcoin acquisitions have even outpaced ETF net inflows. Matthew Sigel, head of digital-asset research at VanEck, framed Bitcoin’s trajectory within a broader macro and policy backdrop. “The natural course for Bitcoin remains higher, driven by persistent US debt and deficit problems, demographic tailwinds, a weakening dollar, growing momentum around Fed rate cuts, and the potential for a new Fed chair next year,” he wrote on X. Sigel also highlighted Capitol Hill’s looming “Crypto Week,” where stablecoin legislation is widely viewed as the most passable of several digital-asset bills. Those developments, he argues, make $180,000 “very much in play for 2025.” Law-makers appear to share the sense of urgency. A press statement from the House Financial Services Committee confirms that the week of 14 July will be dedicated to advancing the CLARITY Act, the Anti-CBDC Surveillance State Act and the GENIUS Act. Passage would establish the first comprehensive federal framework for stablecoins and market structure, a change Sigel says could “unlock wide-open capital markets” for the sector. Spot Bitcoin ETFs are hardly idle: net inflows into BlackRock’s iShares fund alone have pushed its holdings past 700,000 BTC in the 18 months since launch. Yet Edwards and Sigel both note that treasury companies have become the marginal buyer in 2025. The dynamic creates what Edwards calls a “cap-raising flywheel,” as firms showcase outperforming share prices—up nearly 60 percent year-to-date for the treasury cohort—when courting investors. Notably, the rally is unfolding against a supportive macro backdrop. Federal Reserve Governor Christopher Waller told a Dallas Fed audience he is “open to cutting the policy rate in July,” arguing current settings are “too tight” given waning inflation pressures. Meanwhile, US President Donald Trump continued his attacks on Fed chair Jerome Powell over the past weeks, demanding immediate rate cuts. Trump’s tariff escalation also seems to fade out, supporting the Bitcoin rally. Notwithstanding euphoric headlines, technicians warn that momentum must sustain above $110,000 to avoid a failed-breakout pattern. “This theory would be weakened with closes below $110K and invalidated below $105K,” Edwards concludes. At press time, BTC traded at $117,854.

The Ethereum price is once again gaining momentum and looks set to reach new highs. Crypto analyst Doctor Profit commented on how the altcoin has broken through a crucial moving average (MA). Meanwhile, ETH’s dominance is again on the rise. Ethereum Price Breaks 50EMA On Weekly Chart In an X post, Doctor Profit stated that after 9 weeks of constant rejection at the EMA50 on the weekly chart, the Ethereum price has finally broken through. He claimed that it was a very good sign, as it suggests that ETH will reach higher targets in the coming weeks. The break above the 2,600 EMA50 level came as the broader crypto market rallied. This rally has been led by the Bitcoin price, which has reached new all-time highs (ATHs). Based on this, the Ethereum price is expected to also reach new highs, with the yearly high of $3,600 already in sight. A reclaim of this level could also pave the way for ETH to reclaim the psychological $4,000 level. Meanwhile, crypto analyst Rekt Capital alluded to the rising dominance of the Ethereum price. He noted that this ETH dominance fractal will not be a copy-paste version of what happened between 2019 and 2020. However, the analyst claimed that the recent rise to 10% of the dominance level shows that Ethereum wants to become more market-dominant in the coming months. BitMEX co-founder Arthur Hayes also believes that it is time for the Ethereum price to make its move. In an X post, he predicted that the altcoin could reach as high as $10,000 on this upward trend. He made this prediction while highlighting ETH’s chart against its BTC pair, suggesting that he also agrees that Ethereum’s dominance will rise in the coming months. ETH’s Move To Trigger Altcoin Season In an X post, crypto analyst Mikybull Crypto stated that the Ethereum price is following the Wyckoff re-accumulation schematic. He further remarked that this massive move will trigger altcoin season after ETH reaches the “SOS” level around $3,000. His accompanying chart also showed that he expects Ethereum to reach as high as $3,200 in the short term. In another X post, Mikybull Crypto alluded to the fact that Bitcoin’s dominance was dumping even as the BTC price rises. The analyst remarked that this development means something, hinting at a potential altcoin season on the horizon. This is bullish for the Ethereum price and other altcoins as they would outperform BTC during this period. It is worth mentioning that Mikybull Crypto has also predicted that ETH can reach $10,000 in this market cycle. At the time of writing, the Ethereum price is trading at around $2,988, up over 7% according to data from CoinMarketCap.

Open money pit. At the end of the second quarter, the MINING.COM TOP 50 ranking of the world’s most valuable miners reached a combined market capitalization of $1.49 trillion, up just over $100 billion or almost 10% since early April. Nvidia has surged by more than 40% since then becoming the first publicly traded company to hit a $4 trillion evaluation. Comparing the AI chipmaker’s stock valuation to progress in the mining industry’s collective worth which has still not reached the peak hit in the second quarter of 2022 despite record and multi-year price highs for a number of metals remains a head scratcher. Should Nvidia (or Microsoft or Apple for that matter) be worth more than twice the top 50 miners? Outside the top 50 the average market cap quickly shrinks to low single digits so Nvidia is in fact worth more than the entire globally listed mining industry. Even when extending the top 50 into metals and energy – steel, aluminium and power generating companies often operate their own mines – Nvidia still throws shade over most of the industrial economy. The only mining stocks to crack the $100 billion mark BHP and Rio Tinto, sit at number 138 and 206 in global rankings. The Anglo-Australian giants that bring are worth far less than Booking.com, and Temu and Zara’s owners, none of which can exactly be called the building blocks of the modern world like copper, aluminum and steel (and lithium and graphite for that matter).

A top crypto analyst is making waves with a strong call: Going all-in on XRP should be a priority. That’s the message from Oscar Ramos, a widely followed figure in the crypto world, as the market turns green again. Bitcoin just hit a new all-time high of $118,250 Friday, helping to fuel momentum across altcoins. XRP has been one of the top gainers during this run, jumping above $2.65 and showing signs of strength. At press time, it’s trading around $2.69—up over 10% in just a day. Ripple’s Stablecoin, BNY Mellon Partnership Spark Optimism The rising interest in XRP isn’t only about price moves. Ripple, the company tied closely to the altcoin, is rolling out developments that many say are pushing it into the spotlight again. XRP Futures ETFs On The Way The excitement around XRP is also getting a push from ETF news. Several futures-based XRP exchange-traded funds are lined up to launch this July. ProShares is preparing three futures ETFs with a planned rollout on July 14. Two other firms are also stepping in. Turtle Capital will debut a 2X Long XRP ETF on July 21, while Volatility Shares has two more ETFs planned for the same date. Although the SEC hasn’t approved a spot XRP ETF yet, more than 10 applications are still under review. Whale Wallets Near All-Time High Another clear signal of growing confidence is coming from large XRP holders. Based on the latest data from Santiment, wallets holding at least 1 million XRP are now at 2,742—just one below the record of 2,743. Price Holds Steady As Bullish Sentiment Grows XRP is holding above $2.68 for the first time since May. Over the past 30 days, it had 16 green days out of 30, with price volatility sitting at 3.85%. According to the current forecast, the price could see a minor dip of 0.60% to around $2.57 by August 10. Featured image from Unsplash, chart from TradingView

Bitcoin has set a new all-time high (ATH) above $118,000, but on-chain data from Glassnode shows BTC volume remains low despite the breakout. Bitcoin Volume Still At Historically Low Levels Just recently, Glassnode had revealed that volume related to Bitcoin had dropped to yearly lows, potentially hinting at the start of a summer lull. Now, following the breakout to new highs, the on-chain analytics firm has shared updated data in a reply to an X user, showcasing how volume has changed since. From the chart, it’s visible that both the Spot and Futures Volumes, corresponding to Bitcoin trading activity occurring on the spot and futures platforms, respectively, plummeted at the end of June and remained low into early July. With the latest price breakout, however, both metrics have seen an increase, suggesting activity has noted an uplift across both the spot and futures markets. That said, while there has indeed been an uptick in trading, volumes still remain low when compared to history. Historically, rallies have usually only been sustainable when they have been able to capture mass attention from the traders. This is because the fresh activity is what ends up providing fuel for these runs to keep going. “The takeaway here is that BTC hit an ATH despite thin liquidity – worth paying attention to,” notes the analytics firm. It now remains to be seen whether the activity increase would continue in the coming days or if the lull is here to stay. In some other news, a key Bitcoin indicator still remains outside the euphoria zone, as Glassnode has pointed out in another X post. The metric in question is the Net Unrealized Profit/Loss (NUPL) of the long-term holders. The NUPL measures, as its name suggests, the net amount of unrealized profit or loss that the BTC investors are currently holding. Here, the NUPL of the long-term holders (LTHs) specifically is of interest, who are the investors holding their coins for more than 155 days. Below is a chart that shows the trend in the Bitcoin LTH NUPL over the past year. As displayed in the graph, the Bitcoin LTH NUPL has observed a rise alongside the latest price rally as LTH profits have grown. However, despite this, the indicator stands at 0.69, which is under the 0.75 level that has historically separated euphoric markets. “This cycle has seen just ~30 days above the 0.75 threshold, compared to 228 days in the previous cycle,” says the analytics firm. The metric was last above this level in February. BTC Price At the time of writing, Bitcoin is floating around $118,000, up over 9% in the last week.

Log in to today's session recap for the July 11, 2025. Cryptocurrencies captured the attention from Markets in today's session at the cost of global Equity Indices. Yesterday afternoon saw the huge rise in Bitcoin and Ethereum that dragged upwards all digital assets, as markets failed to correct in the previous months despite war fears and equities taking the podium in the end of June. This gives sensations of more outflows from the Traditional global and US assets as market participants price in gradually some mess-ups from expansionary fiscal and monetary policies by G7 Central Banks and Governments, particularly since the Covid Stimulus period. Global trade outlooks start to be a concern again, with Trump's tariffs making daily headlines and this is starting to impede on the past few weeks of ecstatic sentiment. Energy commodities and Metals have also performed well in today's session, with petroleum-linked products rising between 1% to 3% (WTI up 3.15%), and metals continuing their run higher. A fiat Currency-debasing theme could be in play, even though it has been a fantasy for market players since the new Millenium; We are far from 1970's hyperinflation standards that would be confirming further this hypothesis. Orange Juice, up above 10% today, has also seen a few sessions of squeezes (pun intended) amid some supply fears. Apart from that, Canadian Employment expected unchanged came out with a huge beat (88k vs 0 exp), but the rise hasn't bolstered the CAD too much due to the latest 35% tariff menances from the Trump Administration Read More: Gold finds some bids in the latest US Dollar outflows close For all Market moving events, check the MarketPulse Economic Calendar For all Market moving events, check the MarketPulse Economic Calendar Markets will focus on Asia-Pacific, mostly Chinese data on Sunday evening and Monday, as occidental markets will be patiently waiting for Tuesday's US CPI. Still for global Macro, stay in touch for weekend tariff headlines. Also do not forget that Monday's G20 meeting will be starting in Johannesburg, South Africa. Safe Trades and good weekend! 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 just broke above the critical $3,000 level, marking a major technical milestone after surging over 20% since Tuesday. This decisive breakout signals renewed strength in the second-largest cryptocurrency, with bulls reclaiming control after weeks of tight consolidation. The move is reigniting interest across the broader altcoin market, which had remained relatively muted during Bitcoin’s recent rally to all-time highs. Now, with ETH leading the charge, many altcoins are showing signs of reversal and upward momentum. According to top analyst Ted Pillows, a key factor behind Ethereum’s rally is the large concentration of liquidity resting just above the $3,000 mark. Once Ethereum cleared the $2,850 resistance, momentum rapidly accelerated, driving price through the $3,000 level and into a new range of opportunity. This rally comes amid a broader shift in market sentiment. As Bitcoin sets record highs, Ethereum and other altcoins appear poised to catch up. The big question now: can ETH maintain this level and lead a full altcoin season, or is this just a temporary breakout before another round of consolidation? Ethereum Breaks Out Of Consolidation Range Ethereum has spent the last several weeks consolidating within a clearly defined range that began in early May. The altcoin hovered between support around $2,800 and resistance just below $3,000, with multiple failed attempts to break above. That changed yesterday. ETH finally closed above this key resistance, signaling a potential breakout and confirming the start of a new bullish phase. This move comes as broader macroeconomic conditions improve. Strong labor market data in the US, alongside signs of de-escalation in several global conflicts, have helped reduce uncertainty and reignite risk appetite across financial markets. With Bitcoin reaching new highs and risk-on sentiment returning, Ethereum’s breakout may signal the next wave of upside for altcoins. Top analyst Ted Pillows highlighted a key technical factor: “ETH liquidity is lying above $3,000 — and liquidity is a magnet.” This means that large clusters of buy and stop orders are concentrated above this level, attracting price movement toward those zones. Now that Ethereum has broken past resistance, the presence of high liquidity could accelerate its move upward as traders chase momentum. The breakout also holds symbolic weight. It shows that investors are regaining confidence in Ethereum’s value proposition, particularly with the broader altcoin market showing signs of life. If ETH can hold this breakout and establish $3,000 as new support, the next leg higher could materialize quickly, opening the door to targets in the $3,400–$3,600 range. ETH Breaks Major Resistance Ethereum (ETH) has decisively broken above the psychological and technical resistance at $3,000, closing its most recent candle at $3,008.97. This breakout follows a strong 15% daily surge, as seen in the chart, marking a powerful move backed by growing bullish momentum. Volume has expanded significantly, confirming trader conviction and institutional participation in this move. The breakout puts an end to nearly two months of sideways action, with ETH previously locked between the $2,500–$2,850 range. The 200-day simple moving average (SMA), currently near $2,796, was breached with strength, acting as a springboard for price acceleration. The reclaim of this moving average adds technical validation to the breakout and signals the beginning of a new bullish leg. ETH is now in a key zone for potential continuation. As long as bulls defend the $2,850–$2,900 level as support, Ethereum has room to rally toward $3,400 and beyond. With Bitcoin trading at all-time highs and macro conditions turning favorable for risk assets, ETH could lead the next wave of altcoin expansion. Featured image from Dall-E, chart from TradingView

The XRP price could be preparing for a historic breakout, as a prominent crypto pundit has pinpointed two key catalysts that could send the altcoin soaring to new all-time highs. As analyst sentiment flips bullish, and XRP attempts to move out from its prolonged consolidation phase, the stage may be set for the cryptocurrency’s long-awaited price explosion. Factors Set To Send XRP Price To A New ATH JD, a well-known crypto analyst on X (formerly Twitter), has identified two critical technical conditions that could propel the XRP price to a fresh ATH target. According to the expert, XRP’s path to a historic price surge depends on breaking out of a long-standing Falling Wedge pattern and invalidating the EDO Farina indicator. The Falling Wedge pattern has held XRP in a tight consolidation phase for an extended period, particularly evident on the weekly chart. JD considers this formation historically bullish when broken to the upside, and XRP is apparently nearing a pivotal point where a breakout could be imminent. Notably, a successful breach of this Falling Wedge pattern would signal renewed bullish momentum and potentially spark a rally toward uncharted price territory. The second factor emphasized by the crypto analyst is the need to render the EDO Farina bearish indicator null and void. JD views this technical signal as a false indicator of sustained downward movement. The market expert maintains a strong and long-standing bullish position on XRP, predicting on multiple occasions that the cryptocurrency could soon skyrocket. In one of his latest price analyses, JD outlined his bullish forecast for XRP, citing his previously accurate call of a 12x rally to $3.37. Confident in his method, the analyst now aims to apply the same strategy to pinpoint the altcoin’s next market top. JD also noted that no major news, hype, or sudden excitement is necessary to drive XRP to a new all-time high. In his view, such events often trap inexperienced traders, causing them to buy high and get “Rekt.” Building on this optimistic outlook, the analyst projects that the altcoin will eventually climb to new levels before crashing by up to 90%. Analyst Forecasts Over 250% Surge For XRP In a bold new analysis, Javon Marks, another prominent crypto analyst, shared a bullish outlook for XRP, predicting a potential price surge of over 251% from its current level. According to the market expert, historical price behavior and long-term chart patterns indicate that XRP may be on the cusp of entering its next significant upward leg, with targets set at $9.631. Notably, XRP’s bullish target is not confined to this level. Marks believes that it could climb even higher, with his price chart featuring an arrow that points to a potential surge beyond $33 in the next few years.

Gold had been struggling in the past few weeks, particularly since Israel-Iran war-induced Risk-off moves failed to bring the precious metal to new all-time highs. However, the Bullion hasn't retracted majorly from its elevated levels, still up around 28.60% in 2025 despite being about $200 from its ATH price – A sign of resilience. Last week's bearish formation got met with a renewed breakout taking Gold up 2% from its 3,284 lows – New tariff announcements with the infamous Trump Letters is creating further uncertainty, leading to more outflows from US exposure. US Stocks are down on the session, US Treasuries are once again downtrending since July 1st , Cryptocurrencies are up, and only the USD is retracing upwards but without much strength. Let's take a look at Gold charts to spot what technicals are implying about the demand for the metal. Read More: Dow Jones update as markets prepare for the upcoming US CPI 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.

Shiba Inu (SHIB) might be on the verge of a powerful rally, according to crypto analyst MasterAnanda, who believes the popular meme coin could climb more than 1,500% in this cycle. The analyst predicts SHIB may cancel another zero and reach a new all-time high if a few key levels are cleared. Signs Of A Possible Reversal SHIB has been stuck in a downtrend since March 2024. It peaked at $0.000045 before sliding back to close that month at $0.000030. Since then, the coin has moved within a descending triangle pattern, bouncing around the base while facing strong bearish pressure. However, something may be changing. SHIB has just printed a fully green weekly candle and gained 15% over the past seven days. According to analysts, this is one of the most bullish weekly moves since early May, when the token jumped 25%. Despite the optimism, SHIB remains below its 200-day moving average, which sits at $0.000016. That’s around 19% higher than its current price of $0.000013. Analysts see this as a critical level the token must beat to confirm a long-term bullish trend. Bullish Price Targets Appear On The Chart MasterAnanda believes SHIB will break above the triangle and make a run toward $0.000032, aligning with the 0.50 Fibonacci retracement level. If that plays out, the analyst sees a further move to $0.000067, then to $0.00010, which would represent a new all-time high. From there, two more possible targets have emerged using Fibonacci extensions: $0.00017 and $0.00022. Those would mark gains of 1,180% and 1,529%, respectively. While ambitious, other analysts have also supported a similar price path based on the same descending triangle breakout. Shiba Inu Sentiment Mixed As Greed Index Climbs Although bullish targets are grabbing headlines, market sentiment is still uncertain. Based on recent data, SHIB recorded green days on just 13 out of the last 30, and showed 4.25% price volatility. The current reading for sentiment is “Neutral” and the Fear & Greed Index stands at 69, which is in the “Greed” category. Price prediction tools indicate that SHIB could increase 27% to August 10, 2025, at about $0.000017. That will bring it nearer to its MA-200, but still far from the lofty targets being predicted by some analysts. SHIB holders are now waiting to see what’s next. Will the triangle breakout occur in a hurry, or will resistance levels hold the token below major technicals? The coming weeks may provide the answers. Featured image from Meta, chart from TradingView

Gold climbed to its highest in two weeks on Friday as investors rushed toward the safe-haven metal after US President Donald Trump widened the global trade war with a new wave of tariffs. Spot gold gained as much as 1.2% to $3,368.88 per ounce during the early hours of trading, before settling around the $3,350 mark. US gold futures rose 1.6% to $3,381.60 an ounce. Click on chart for Live Prices Meanwhile, global equities fell after Trump ramped up his tariff assault on Canada with a 35% tariff and unveiled plans to impose blanket tariffs of 15% or 20% on most other trading partners. The US President also announced a 50% tariff on copper imports earlier this week, sending the industrial metal’s price to a record. “We are in an environment where the uncertainty premium is back in the market, and gold is getting a safe-haven bid,” Aakash Doshi, global head of gold strategy at State Street Global Advisors, told Reuters. “I think the range in the third quarter is most likely between $3,100 and $3,500. It’s been a very strong first half of the year, and I believe we’re now in a bit more of a consolidation phase.” Further supporting bullion is the rising likelihood of a US rate cut later this month following the latest comments by Federal Reserve governor Christopher Waller. A lower borrowing rate typically benefits gold, as the metal yields no interest. Elsewhere, gold’s sister metal silver hit its highest level since September 2011 following a surge in the US premiums. With these gains, the silver-to-gold ratio has risen far above historical norms. Both metals have gone up by 27% year to date. (With files from Reuters)

Week in review: Tariff Uncertainty Drags On Read More: S&P 500, Dow Jones Q3 Outlook: Tariffs, Tech, and Small Cap Concerns The July 9 tariff deadline has come and gone and market participants are still left with a lot of questions. Trade deals have begun to filter through but the majority of countries are still locked in negotiations with the US as the tariff implementation date of August 1 beckons. close Source:TradingView.Com (click to enlarge) Source:TradingView.Com (click to enlarge) Key Levels to Consider: Support 333733253300Resistance 337534003425Follow 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. © {CURRENT_YEAR} OANDA Business Information & Services Inc.