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With a heat dome spreading across much of America this summer, it evokes images of kids running through sprinklers, days at the neighborhood pool, backyard barbecues, and fireflies at dusk. As we hit the halfway mark of 2025, it’s an opportune time to check in on the financial markets, key drivers for precious metals performance, and your portfolio. The first six months of 2025 have been a whirlwind, marked by a fast-paced news cycle that began with the Inauguration of President Donald Trump for his second term in late January. So much has happened that we couldn’t possibly cover it all here, but we’ll touch on key developments impacting the precious metals and stock markets in the first half of the year. Market Performance Since the Start of 2025 Gold +23% Platinum +45% Silver +21% S&P +3.55% International Stocks: MSCI ACWI ex-USA Index +16.28% 1-month Treasury Note Yield: 4.21% 5-year Treasury Note Yield: 3.84% 30-year Fixed Mortgage Rate: 6.82% A few things jump right out. Precious metals are the best-performing asset class in 2025. Gold rocketed to a new record high above $3,400 an ounce in April and is trading quietly this summer above the $3,300 level. Foreign stocks are outperforming U.S. stocks by a significant amount. Mortgage rates remain higher than the low rates of the pandemic and the 2020-2021 era. In January 2021, 30-year mortgages hit a low at 2.65%. The high rates have priced many homebuyers out of the market for now. The Big Picture Liberation Day tariffs, geopolitical wars, a U.S. debt downgrade, and climbing national debt have been strong headwinds for the U.S. stock market this year and positive for precious metals. Investors flocked to the safety and security of gold, platinum, and silver amid the mounting uncertainties on many fronts, both military and economic. Geopolitics Sends Investors Rushing to Precious Metals Military action ramped up in June as the United States joined Israel with Operation Midnight Hammer, which involved U.S. Air Force B-2 stealth bombers dropping so-called “bunker buster” bombs on an Iranian nuclear site. Israel continues its war against Hamas in the Gaza Strip, and Russia continues its war in Ukraine. While gold generally led the precious metals complex higher in the first half of the year, in June, both silver and platinum vaulted sharply higher. Precious metals investors saw opportunities to accumulate precious metals at bargain prices, and they swooped in. Silver climbed to a 13-year high, above the $37 an ounce level, while platinum climbed to $1,363. Tariff Uncertainty The stock market is eyeing a July 8 tariff deadline, which ends the 90-day pause on most of the steep Liberation Day tariffs if trade deals haven’t been set. Tariffs could climb as high as 50% against some nations. While the Administration is said to be negotiating with China, the European Union, Canada, Mexico, and more, only one trade deal has been finalized thus far, and that is with the United Kingdom. Investors flooded into precious metals throughout the spring months as uncertainty over the impact of tariffs on the economy sent stocks spiraling lower. America Lost Its Last “AAA” Credit Rating Due to Rising Debt In May, Moody’s stripped the United States of its last “AAA” credit rating. This was another warning signal that Washington D.C. policymakers have failed to address the unsustainable government debt problem our nation faces. Global investors fear that America is getting close to a point where our debt isn’t affordable anymore. The news underscored the stability and security of gold in a world racked with government debt. For gold investors, this confirms that gold is in a long-term structural bull market. Analysts at JP Morgan issued a new research note in late spring outlining a scenario that could take gold 80% higher to $6,000 by 2029. They said this could occur if just 0.5% of U.S. assets held by foreign investors were reallocated to gold. Weak demand at Treasury auctions this spring already revealed tepid demand from foreign investors to buy new Treasuries. Recommendations for Precious Metals Investors In the dog days of summer, financial markets are relatively stable and quiet, for now. That makes it the perfect time to re-evaluate your portfolio, your asset allocations, and how much wealth protection you need for what may lie ahead. It’s a perfect time to trim your allocation to the stock market and funnel those funds to the safety of physical gold, silver, and platinum. There is a step you can take to protect, preserve, and even grow your wealth, and that is to increase your allocation to physical gold. If you aren’t sure what the appropriate amount is for your risk tolerance level, our Blanchard portfolio managers are here to help. Give us a call today at 1-800-880-4653 for a complimentary portfolio review with personalized recommendations to help you protect and grow your wealth. Precious metals are beating everything right now. We are in the midst of a historic gold run. Gold $4,000 will be here faster than you think, and once markets start moving again, you’ll have missed the chance to accumulate physical gold below $3,400 an ounce. It’s easy to add more wealth protection to your life. Why not call us today? The post Mid-Year Precious Metals Market Update appeared first on Blanchard and Company.

With a heat dome spreading across much of America this summer, it evokes images of kids running through sprinklers, days at the neighborhood pool, backyard barbecues, and fireflies at dusk. As we hit the halfway mark of 2025, it’s an opportune time to check in on the financial markets, key drivers for precious metals performance, and your portfolio. The first six months of 2025 have been a whirlwind, marked by a fast-paced news cycle that began with the Inauguration of President Donald Trump for his second term in late January. So much has happened that we couldn’t possibly cover it all here, but we’ll touch on key developments impacting the precious metals and stock markets in the first half of the year. Market Performance Since the Start of 2025 Gold +23% Platinum +45% Silver +21% S&P +3.55% International Stocks: MSCI ACWI ex-USA Index +16.28% 1-month Treasury Note Yield: 4.21% 5-year Treasury Note Yield: 3.84% 30-year Fixed Mortgage Rate: 6.82% A few things jump right out. Precious metals are the best-performing asset class in 2025. Gold rocketed to a new record high above $3,400 an ounce in April and is trading quietly this summer above the $3,300 level. Foreign stocks are outperforming U.S. stocks by a significant amount. Mortgage rates remain higher than the low rates of the pandemic and the 2020-2021 era. In January 2021, 30-year mortgages hit a low at 2.65%. The high rates have priced many homebuyers out of the market for now. The Big Picture Liberation Day tariffs, geopolitical wars, a U.S. debt downgrade, and climbing national debt have been strong headwinds for the U.S. stock market this year and positive for precious metals. Investors flocked to the safety and security of gold, platinum, and silver amid the mounting uncertainties on many fronts, both military and economic. Geopolitics Sends Investors Rushing to Precious Metals Military action ramped up in June as the United States joined Israel with Operation Midnight Hammer, which involved U.S. Air Force B-2 stealth bombers dropping so-called “bunker buster” bombs on an Iranian nuclear site. Israel continues its war against Hamas in the Gaza Strip, and Russia continues its war in Ukraine. While gold generally led the precious metals complex higher in the first half of the year, in June, both silver and platinum vaulted sharply higher. Precious metals investors saw opportunities to accumulate precious metals at bargain prices, and they swooped in. Silver climbed to a 13-year high, above the $37 an ounce level, while platinum climbed to $1,363. Tariff Uncertainty The stock market is eyeing a July 8 tariff deadline, which ends the 90-day pause on most of the steep Liberation Day tariffs if trade deals haven’t been set. Tariffs could climb as high as 50% against some nations. While the Administration is said to be negotiating with China, the European Union, Canada, Mexico, and more, only one trade deal has been finalized thus far, and that is with the United Kingdom. Investors flooded into precious metals throughout the spring months as uncertainty over the impact of tariffs on the economy sent stocks spiraling lower. America Lost Its Last “AAA” Credit Rating Due to Rising Debt In May, Moody’s stripped the United States of its last “AAA” credit rating. This was another warning signal that Washington D.C. policymakers have failed to address the unsustainable government debt problem our nation faces. Global investors fear that America is getting close to a point where our debt isn’t affordable anymore. The news underscored the stability and security of gold in a world racked with government debt. For gold investors, this confirms that gold is in a long-term structural bull market. Analysts at JP Morgan issued a new research note in late spring outlining a scenario that could take gold 80% higher to $6,000 by 2029. They said this could occur if just 0.5% of U.S. assets held by foreign investors were reallocated to gold. Weak demand at Treasury auctions this spring already revealed tepid demand from foreign investors to buy new Treasuries. Recommendations for Precious Metals Investors In the dog days of summer, financial markets are relatively stable and quiet, for now. That makes it the perfect time to re-evaluate your portfolio, your asset allocations, and how much wealth protection you need for what may lie ahead. It’s a perfect time to trim your allocation to the stock market and funnel those funds to the safety of physical gold, silver, and platinum. There is a step you can take to protect, preserve, and even grow your wealth, and that is to increase your allocation to physical gold. If you aren’t sure what the appropriate amount is for your risk tolerance level, our Blanchard portfolio managers are here to help. Give us a call today at 1-800-880-4653 for a complimentary portfolio review with personalized recommendations to help you protect and grow your wealth. Precious metals are beating everything right now. We are in the midst of a historic gold run. Gold $4,000 will be here faster than you think, and once markets start moving again, you’ll have missed the chance to accumulate physical gold below $3,400 an ounce. It’s easy to add more wealth protection to your life. Why not call us today? The post Mid-Year Precious Metals Market Update appeared first on Blanchard and Company.

Stock markets this week have been on a frenzy, with Nasdaq leading the US Indices to new all-times on Wednesday and the S&P 500 (futures, cash is opening in a few minutes) are joining its tech-focused collegue. Core PCE numbers did not come as good as expected with 2.7% vs 2.6% (Core m/m 0.2% vs +0.15% exp) – The jump is overall not so aggravating but it's one of the first negative surprises that markets are seeing for US Inflation since Trump got elected. Markets are awaiting and getting a few good news on the US trade deals – The latest is the White House announcing that the July 9 is in the end not too important, and Trump mentioning the completion of a Deal with China, however the details are still missing. Read More: Risk-on persists, JPY held firm, Gold extends losses to 4-week low Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

The Japanese yen has edged higher on Friday. In the North American session, USD/JPY is trading at 144.57, up 0.16% on the day. Tokyo Core CPI eases to three-month low Tokyo Core CPI surprised on the downside in June, falling to 3.1% y/y. This was down sharply from the 3.6% gain in May and below the market estimate of 3.3%. This was the the first slowdown in Tokyo core inflation since February. The decline was largely driven by a renewal of fuel subsidies and a reduction in water charges. Despite the drop, the rate remains well above the Bank of Japan's 2% target, maintaining expectations for another rate hike in the second half of the year. BoJ Governor Ueda has signaled that the Bank will raise rates if it is confident that wage growth is sustained, which is critical to maintaining inflation at the 2% target. However, this week's BOJ Summary of Opinions showed that some members are more dovish, given global trade tensions and the bumpy US-Japan trade talks. Japan has said it will not agree to US tariffs of 25% on Japanese cars, and six rounds of talks in the past two months have failed to produce a deal. US Core PCE Price Index higher than expected The Core PCE Price Index, the Fed's preferred inflation indicator, accelerated in May and was higher than expected. The index rose 2.7% y/y up from an upwardly revised 2.6% in May and above the consensus of 2.6%. Monthly, the index rose 0.2%, up from 0.1% which was also the consensus. This was a three-month high and will boost the case for the Fed to leave interest rates unchanged at the July meeting. USD/JPY Technical USD/JPY faces resistance at 144.49 and 144.64 144.31 and 144.16 are the next support levels close USDJPY 1-Day Chart, June 27, 2025 USDJPY 1-Day Chart, June 27, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Bitcoin traders everywhere will be watching their feeds closely, willing the world’s largest crypto to hold steady at or near its current $107K mark. $15B in Bitcoin options expire today, a major portion of the roughly $40B in options outstanding. If $BTC’s price falls to $102K or below, the market would endure a true ‘pain point.’ As long as that doesn’t happen, Bitcoin looks set to press on with business as normal – setting the stage for further growth of the ecosystem and the first meme coin offering direct $BTC exposure, BTC Bull Token ($BTCBULL). Narrowing Volatility Indicates Positive Outlook The $BTC volatility index has narrowed in recent days, drawing more closely to the historical volatility and generally indicating that traders don’t expect dramatic price moves either way – up or down. That was supported by Deribit Chief Commercial Officer Jean-David Péquignot, who stated: ‘Low open interest in perps and fairly depressed Bitcoin implied volatility and skew are indicative of limited expectations for sharp price movements…’ Where does that leave Bitcoin? Still looking bullish. Crypto treasury strategies are still expanding, adding thousands of $BTC tokens to long-term reserves and increasing demand. Metaplanet just added 1,234 $BTC, bringing its total portfolio north of 12K $BTC. And it isn’t just direct Bitcoin purchases; the ecosystem around the world’s leading crypto continues to fuel demand. ETFs Notch 13 Days Consecutive Inflows, Bitcoin Overtakes Google Bitcoin ETFs are building on a 13-day stretch of positive inflows. Monday to Thursday, daily cumulative inflows amounted to: $350M $588M $547M $226M Positive inflows point to long-term interest from retail and institutional investors, rather than short-term traders, and contribute to underlying buying pressure. And with the largest Bitcoin ETF, BlackRock’s iShares Bitcoin Trust, holding over $70B in total assets, Bitcoin took advantage of weakening Alphabet stock to overthrow Google as the world’s sixth-largest asset. It’s a combination of fundamentally positive factors, reinforcing a bullish case for $BTC – and the meme coin built on that case. BTC Bull Token ($BTCBULL) – Meme Coin Trusting $BTC to Hit $250K and Beyond BTC Bull Token ($BTCBULL) is confident that Bitcoin will one day reach $250K and more – so confident that the project is built around key Bitcoin price milestones. Bitcoin $125K: The project burns $BTCBULL tokens to exert deflationary pressure on the price. Bitcoin $150K: BTC Bull token investors who hold their tokens in the Best Wallet app receive a free $BTC airdrop. Bitcoin $175K: Another $BTCBULL token burn. Bitcoin $200K: Another $BTC airdrop! Bitcoin $225K: A final $BTCBULL burn. Bitcoin $250K: A massive $BTCBULL airdrop. The combination of token burns and airdrops encourages positive momentum for BTC Bull Token, following Bitcoin’s upward trajectory. The presale has raised $7.5M so far. Only three days remain in the presale, so act now – you can learn how to buy BTC Bull token in our guide. Tokens currently cost $0.00258, but our analysts expect the price to hit $0.0084 by year-end. Visit the BTC Bull token website today. BTC Options Expire, But Outlook Is Bullish for Bitcoin With $15B in Bitcoin options expiring, narrowing volatility, and consistent ETF inflows, Bitcoin’s foundation looks stronger than ever. For investors looking to capitalize on Bitcoin’s momentum, BTC Bull Token offers a bold, milestone-based roadmap aligned with $BTC’s rise to $250K. But be warned – there’s mere days left in the presale, so the window to join is closing fast. Always do your own research. This is not financial advice.

A company based in the UAE has invested $100 million in the Trump-linked WLFI (World Liberty Financial) Token. On 26 June 2025, WLFI and Aqua1 Foundation, a Web3 native investment fund, jointly announced their collaboration as a strategic manoeuvre to turbocharge the blockchain ecosystem for applications related to real-world asset (RWA) tokenisation, stablecoins and decentralised finance (DeFi). Aqua1 Foundation’s investment in this venture dwarfs the next biggest investment in the token made by Justin Sun, Tron’s founder, who invested $30 million in the Trump-linked WLFI in November last year. Dave Lee, the founding partner at Aqua1, said, “Aqua1 and WLFI will work together to identify and support blockchain projects with transformative potential.” According to Lee, the integration of traditional finance with blockchain protocols is a “trillion-dollar pivot opportunity.” The joint announcement has come in a day after the Trump-backed DeFi project, World Liberty, revealed its team to be working on enabling trading of the WLFI tokens. The WLFI token allows its holders to exercise voting rights, where users can also suggest governance changes, but cannot transfer the tokens. The investment by Aqua1 into WLFI, co-founded by Trump and his three sons, Donald Trump Jr, Eric Trump, and Barron Trump, commemorates another high-profile crypto deal of the Trump family, which is already under scrutiny from lawmakers. According to Trump’s recent filings, he holds 15.745 billion WLFI tokens and has disclosed $58 million in earnings tied to the governance tokens. Explore: Top 20 Crypto to Buy in June 2025 Capitalisation of Crypto Market by “Chief Crypto Advocate” The project brands Trump as its “chief crypto advocate,” with his sons helping lead its DeFi expansion. Interestingly, Trump’s financial disclosure of making $58 million, primarily from WLFI sales, only trailed his income from his hospitality business. Analysts project that his earnings from crypto will rise in 2025, driven by a $390 million token sale and meme coin gains. Overlaps between legislative developments and Trump’s family crypto dealings have raised numerous red flags among members of Congress. The alarm was first raised in May this year when Eric Trump disclosed that MGX, a state-owned AI and advanced technology investment firm based in Abu Dhabi, was to use WLFI’s USD1 stablecoin to settle a $2 billion investment in Binance. Additionally, Trump’s involvement in Bitcoin mining, tokenised assets and digital ETFs has raised concerns regarding potential conflict of interest. In a recent Senate Appropriation Committee hearing, Pam Bondi, the US Attorney General, declined to comment directly to Senator Jeff Merkley’s questions about the Trump-linked WLFI Token. “I think it’s important for the leader of the Justice Department of the US to be very concerned about foreign influence,” Merkley stated. He further emphasised, “Americans should make American decisions, not have them bought through crypto coins.” Explore: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025 WLFI Gold Paper Reveals No Official Ownership In August 2024, Donald Trump Jr promoted the WLFI as a DeFi alternative to traditional banking, advocating for the dollar’s dominance through USD-pegged stablecoins. The project uses Aave v3, the third major upgrade of the Aave Protocol, which DeFi platforms frequently use for lending and borrowing crypto assets. It was launched as an Ethereum ERC-20 token, with WLFI clarifying the nature of the token to be community-backed. The token was made available for sale to the general public on 15 October 2025, with Trump being listed as Chief Crypto Advocate and his sons being termed as Web3 Ambassadors. The project’s Gold Paper (foundational document), however, states that they hold no official ownership or employment roles. Explore: Best New Cryptocurrencies to Invest in 2025 Key Takeaways UAE-based investment firm Aqua1 has invested $100M in WLFI This is now the largest investment in WLFI after Justin Sun’s $30M Trump has made around $58milliimn so far from the sale of WLFI tokens The post UAE Firm Invests $100M in Trump-Linked WLFI Token appeared first on 99Bitcoins.

According to on-chain analytics firm Glassnode, more than 14 million Bitcoin have sat idle in wallets with little to no spending history. That leaves only about 7 million BTC out of the total 21 million supply ready for trading. This shift points to a growing number of holders who prefer long-term storage over quick trades. Steep Rise In Illiquid Bitcoin Based on reports, the illiquid supply of Bitcoin climbed from just under 14 million in December 2024—when Bitcoin first broke the $100K mark—to roughly 14.30 million today. Demand for cold storage and self-custody solutions has never been higher. Investors are moving coins off exchanges and into private wallets. That trend has been especially sharp since late March, even though price swings have stayed volatile. Corporate Buyers Ramp Up Holdings In just the past week, more than five companies announced new Bitcoin purchases. ProCap BTC led the way with two buys: 3,724 BTC for $387 million and 1,208 BTC for $128 million, adding up to 4,930 BTC worth $515 million. Michael Saylor’s Strategy added 245 BTC after spending $1 billion the week before. Smarter Web picked up 197 BTC, while Méliuz S.A. acquired 275 BTC, taking its total to 596 BTC. The Blockchain Group chipped in with 75 BTC, bringing its haul to 1,728 BTC. Most recently, Metaplanet spent around $132 million on 1,234 BTC, lifting its total Bitcoin stash to 12,345 BTC purchased for about $1.20 billion. Supply Numbers Tighten Only one-third of Bitcoin’s fixed supply remains “liquid,” meaning it’s likely to trade hands. That squeeze could make it harder for new buyers to find inventory. Over-the-counter desks and exchange order books report thinner BTC listings. When institutions can’t source coins as easily, they may bid prices higher. On-chain metrics can’t tell us why coins are unmoved—some may be lost forever—but the uptick in self-custody transfers shows real demand. Forecasts Suggest Price Pressure Ahead At Bitcoin Conference 2025, Eric Trump predicted that he believes BTC will hit $170K at the end of 2026. He pointed out that the number of firms with Bitcoin has doubled in the last year. But if a supply crunch is matched with steady or increasing demand, prices might experience a strong push higher. Yet markets may remain unpredictable. Unexpected sell-offs or macro shocks can turn the trend around quicker than anyone can imagine. Investors and analysts will be monitoring the pace of new entrants into the market. For the time being, a record 14.35 million Bitcoin are sleeping idle, and that constricted supply may lay the groundwork for the next great rally. Featured image from Unsplash, chart from TradingView

Veteran crypto analyst Bob Loukas has delivered a Bitcoin update suggesting that the asset could be entering the “perfect storm” phase of its four-year cycle. But in a twist that defies traditional cycle models, Loukas now sees the possibility of a delayed blowoff top extending into early 2026 and introduces the prospect of a rare double-cycle structure. In his latest installment of the Four-Year Journey published on June 26, Loukas reaffirms that the current Bitcoin cycle — which began with the November 2022 low — remains structurally intact and is nearing its climactic phase. “This is certainly the most bullish phase of the four-year cycle,” Loukas states. “We’re now sort of on the cusp of what traditionally has been the beginning or the blowoff phase of a cycle.” Bitcoin Blowoff Delayed? What separates this cycle, according to Loukas, is the unique combination of maturing fundamentals and a confluence of macro, institutional, and regulatory forces. These include continued ETF inflows, corporate treasury adoption, and a radical policy shift under the Trump administration, including what he anticipates may be a pro-crypto Fed chair appointment. Together, these forces are creating what he calls a “perfect storm” for price expansion. Loukas is cautious about providing hard price targets but acknowledges a doubling effect that could send Bitcoin from its current range near $110,000 to as high as $150,000–$170,000 in the short term. Historically, such phases have seen Bitcoin double in a matter of months once new highs are breached. “A breakout to the upside can see Bitcoin essentially almost double in a very short period of time,” he says, pointing to prior legs of the cycle where Bitcoin surged from $25K to $75K or $50K to $100K within five-month windows. Yet what makes this latest report particularly notable is Loukas’ introduction of a more complex structure he calls a “double cycle blowoff.” He describes this as a fusion of two adjacent four-year cycle peaks — a concept that could delay the market top to as late as February or March 2026, well beyond the traditional 35-month cycle peak window. “If we’ve still got sort of a six to seven month expansion to a peak… that would lead us into maybe even a February or March peak,” Loukas explains. This scenario, while still within the broader cyclical rhythm, would imply a 39–41 month uptrend rather than the typical 33–35 months. “I do think it’s time… 15–16 years into Bitcoin’s adoption,” he notes, referencing the arc from early tech believers to deep institutional penetration. The implications are significant. A delayed peak could mean a much shorter corrective phase — or even the emergence of a second explosive rally as the next cycle begins, creating what Loukas describes as the illusion of one extended supercycle. “There’s a significant upside potential still to come in this cycle,” he says, warning that many may be caught off guard. “You don’t want to be surprised.” BTC Price Targets Loukas also addresses the broader sentiment picture, noting that the typical mania — the kind that marked tops in 2017 and late 2021 — has not yet materialized. “We haven’t seen that sort of blowoff, absolute extreme sentiment that you typically would see near the top,” he says. He sees this as further evidence that the final phase is still ahead. Regarding the price target for a supercycle, Loukas ponders: “I can see numbers in the quarter of a million level. I can also see some really crazy numbers when you see prior manias and bubbles in different asset classes, […] Seeing a 5x, 6x, 7x move from here over a 2-year period in a major mania is not really a stretch. Even from a market cap perspective, it’s not a stretch, seeing where gold is already heading through the $20 trillion level and well beyond.” While he emphasizes that these ideas are probabilistic and not predictions, Loukas does warn of the long-term consequences if his double-cycle thesis plays out. A massive influx of institutional capital, sovereign interest, and retail mania could ultimately trigger Bitcoin’s first true secular bear market, one not measured in months but in years. “If you consider a mania leadup where so many treasury companies and traditional flows come together and peak… the unwinding process just takes a lot longer.” For now, Loukas’ model portfolio remains partially in cash after trimming some positions near recent highs, reflecting a conservative approach tailored to capital preservation. Still, he acknowledges that younger or more risk-tolerant investors may view this moment as a final accumulation window before the next phase begins. “This video is very, very bullish, right?” he quips. At press time, BTC traded at $107,317.

Bitcoin entra novamente em zona de acumulação institucional semelhante à de 2023: tusemoon à vista? Por Igor Pereira, Analista de Mercado Financeiro – ExpertFX School Nas últimas sessões, analistas gráficos e traders institucionais vêm destacando que o Bitcoin (BTC) está negociando atualmente dentro de uma zona técnica de forte acumulação, descrita visualmente como um “grande oval verde” com múltiplas marcações de pontos de compra institucionais (green dots) — padrão que já foi observado no ciclo de alta anterior, especialmente no verão de 2023, antes do forte movimento de alta que impulsionou o BTC para novas máximas. Esse padrão, popularizado entre analistas técnicos e plataformas de leitura institucional, costuma representar zonas de alta concentração de liquidez e entrada de players de grande porte, muitas vezes antecipando fortes impulsos de valorização (também conhecidos como “tuzemoon”, ou moonshot rallies). Impactos no mercado financeiro A repetição de um padrão gráfico semelhante ao do ciclo de alta de 2023 está despertando forte atenção dos investidores institucionais e do varejo, reacendendo o apetite especulativo e a retomada do fluxo positivo em ETFs de BTC à vista. Além disso, dados on-chain reforçam essa perspectiva: há um aumento na retenção de BTC em carteiras de longo prazo (HODLers), juntamente com a diminuição da oferta líquida em exchanges — sinal clássico de acumulação silenciosa por grandes participantes. Essa convergência técnica pode gerar um novo ciclo de euforia, especialmente se combinada a eventos macroeconômicos favoráveis, como cortes de juros nos EUA, enfraquecimento do dólar ou maior injeção de liquidez nos mercados globais. O que esperar Caso o padrão de 2023 se repita, o Bitcoin poderá romper resistências-chave em US$ 109.000 e buscar novas máximas históricas acima de US$ 110.000 no curto a médio prazo. A entrada contínua de capital institucional, via ETFs e alocações estratégicas, será o motor principal desse novo ciclo. Contudo, vale destacar que o atual ambiente é diferente de 2023 em aspectos importantes: o cenário geopolítico é mais instável (com guerra no Oriente Médio e tensão China-EUA), o dólar segue forte, e o Federal Reserve ainda não sinalizou cortes claros de juros. Isso exige maior cautela. Opinião do analista Igor Pereira O padrão gráfico atual do BTC, com múltiplos sinais de entrada institucional em zonas de liquidez, é tecnicamente semelhante ao observado no pré-rali de 2023. Como analista, reconheço o valor desses padrões como ferramentas de antecipação de movimento — mas reforço que sua validade depende de confirmação de fluxo e contexto macroeconômico. Se observarmos volume crescente, aumento no open interest e quebra de resistências com força, a projeção de uma nova pernada de alta estará tecnicamente justificada. Mas, enquanto isso não ocorrer, estamos em uma zona de expectativa, e não de certeza. Para o trader, o cenário é de posicionamento tático, com foco em zonas de liquidez e proteção contra falsa euforia. Para o investidor, é uma oportunidade de médio prazo para posicionamento gradual, com stops bem definidos.

In the North American session, USD/CAD is trading quietly at 1.3653, up 0.10% on the day. On Thursday, the Canadian dollar posted strong gains of 0.63%, its best daily performance in a month. The US dollar has retreated against the major currencies as risk appetite has risen. The Canadian dollar has taken full advantage and has gained 5% against the greenback since April 1. 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.

Copper for delivery in September fell by more than 1% to a high of $5.0450 per pound or $11,120 per tonne in early trading on the Comex market on Friday as traders take profits after five straight days of gains. Pre-emptive buying in the US ahead of likely tariffs has opened up a massive gap between US and London Metal Exchange prices. Benchmark 3-month copper in London was trading higher at $9,887 per tonne on the LME in morning trading in London on Friday. Reuters reports some Chinese smelters have agreed to process copper from Antofagasta for no charge, but the outcome was better than expected for the smelters, already suffering losses. Shanghai Metals Market reported that the Chilean miner led with an opening bid of –$15 a tonne a record low for term treatment charges and substantially lower than end-2024 rates of $21.25 a tonne. CLICK ON CHART FOR LIVE PRICES The $0 agreement covers half Antofagasta’s 2026 copper concentrate production and presents a win for China’s smelters given spot charges are hovering around the –$43 mark which means smelters would have to pay copper miners for processing their concentrate. SP Angel, a mining and metals financing firm based in London, notes that the Chinese government has worked hard to reduce costs for local businesses, particularly electricity costs which support energy intensive industries like refining and enables Chinese companies to undercut Western counterparts. In a bid to cover short positions on the London Metal Exchange some Chinese smelters are rapidly ramping up exports. At least 30,000 tonnes of copper from smelters including Jiangxi Copper and Tongling Nonferrous Metals Group are poised to be delivered to LME warehouses in Asia in the coming weeks, anonymous sources told Bloomberg on Wednesday. Reuters, also quoting unnamed persons with knowledge of the matter, reports nearly 10 Chinese smelters were preparing to deliver 40,000–50,000 tonnes to LME inventories. In a note quoted by Bloomberg, investment bank Goldman Sachs said it expected LME prices to rise to a 2025 peak of roughly $10,050 a tonne in August, as supplies outside the US continue to tighten. “The ex-US copper market has tightened, causing fears of a regional copper shortage despite the global market currently being in surplus,” Goldman said, adding that once the expected 25% import levies are implemented in September, copper prices should retreat to under $10,000 again. Ready to ship inventories on the LME have declined about 80% this year to less than a day of global usage, prompting steep backwardation and a surge in exports by Chinese smelters. The premium for the cash copper contract over the three-month forward dropped this week from $280 on Monday as news of the exports filtered through to the market. Like other markets, the copper price has been on a wild ride in 2025, hitting all-time highs at the end of March only to come dangerously close to crashing through $4.00 barely a fortnight later. Year to date the orange metal remains up more than 20%.

Europe is preparing for another round of U.S. trade negotiations, with tariffs looming like the sword of Damocles. Everything is chopping, including BTC USD. While diplomats talk shop, BTC ▼-0.53% is pulling capital from hedge funds and pension desks alike but the price action is still muddied. Here’s what’s going on with the EU and its global impact: BitcoinPriceMarket CapBTC$2.12T24h7d30d1yAll time EU Prepares for Tough Talks as Trump’s Tariff Threats Loom This week, European Commission President Ursula von der Leyen extended an olive branch, declaring the EU prepared for a trade pact with the United States. “All options remain on the table,” she said in a NATO meeting in the Hague. The stakes are monumental, with President Trump threatening toslap 50% tariffs on EU goods, a move that could cripple industries like automotive and steel. Germany, already bearing the brunt of existing tariffs up to 25%, feels the pressure acutely. Belgian Prime Minister Bart De Wever distilled the sentiment, urging, “We must avoid tariffs at all costs.” The European car industry is particularly vulnerable, with EU trade negotiator Maroš Šefčovič warning, “The car industry of Europe is clearly bleeding. Tariffs at this level are unsustainable.” While the bloc considers retaliatory measures worth $95 billion should talks fail, von der Leyen proposed a broader vision of “redesigning” global trade rules, aiming for more balanced rules. BTC USD Strength Amid Institutional Shift and Geopolitical Tensions Behind the noise of trade talks, Bitcoin is quietly shifting hands. Wallets holding 1,000+ BTC have added 507,700 BTC over the past year, nearly 1,460 per day, according to CryptoQuant. With daily issuance now ~450 BTC post-halving, institutions are absorbing more than retail is shedding, setting the stage for a supply squeeze. Moreover, after brief turbulence from U.S.-Iran tensions, BTC bounced back to $107K. “This isn’t just crypto,” said analyst James Toledano. “It’s the weak dollar, falling oil, and rate cut bets driving the rebound.” (X) The EU’s struggle with trade barriers exposes deep vulnerabilities within its core industries, but Bitcoin’s steady performance in turbulent times tells a different story. This widening gap between faltering old-world systems and ascendant digital alternatives speaks volumes about where the meta is trending. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways With tariffs looming like the sword of Damocles. Everything is chopping, including BTC USD. Behind the noise of trade talks, Bitcoin is quietly shifting hands. The post EU Trade Deal Looms Over Trump Tariff War: What’s Next for BTC USD? appeared first on 99Bitcoins.

LDO crypto is stuck below $1, sliding by over 90% from all-time highs. Lido Finance has been shipping major updates, including the release of v3 in testnet-2. The CSM is also live and permissionless. Lido Finance is a critical part of the Ethereum staking infrastructure. Those who cannot raise the required 32 ETH can stake much less via Lido. What’s great about Lido is that even after staking your ETH, you can still use it for other income-generating activities via ETH. EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025 LDO Crypto Tumbles, Down 90% From 2021 Highs With DeFi driving the market in the last bull run from 2020 to 2021, Lido prices spiked to as high as $7.30. However, recent performance shows that LDO ▼-0.07% may take years to retest this key level. Currently, LDO crypto is trading below $1, ranging between $0.68 and $0.72 in the past 24 hours. Presently, the LDO price is down 90% from all-time highs, trailing some of the best Solana meme coins. Surprisingly, early adopters are still up 70% from the all-time low of $0.40 posted three years ago, per Coingecko data. From the LDOUSDT daily chart, LDO is more likely to break below April 2025 lows than surpass $1.16 and the May 2025 local resistance. Prices have been steadily declining in recent days after an impressive spike in May 2025. Lido DAO TokenPriceMarket CapLDO$623.26M24h7d30d1yAll time The pace of recovery will ultimately depend on how Ethereum performs. As one of the largest DeFi protocols on Ethereum, managing over $22.3 billion in total value locked (TVL), ETH directly impacts LDO prices. (Source) If ETH overcomes its recent weakness, surging above $2,800 and $3,000, some of the best cryptos to buy, including LDO, could turn around, rewarding patient HODLers. Lido Building: v3 in Testnet as CSM Boosts Decentralization The speed of this recovery, which could lift LDO from its discouraging downward spiral, depends on how quickly their innovations gain traction, further helping the protocol lock in more ETH. Yesterday, Lido developers unveiled Lido v3 testnet-2 on the Hoodi Ethereum testnet. While still in development, the release, once live on the Ethereum mainnet, will introduce an upgraded version of their stVaults system. EXPLORE: 15 New & Upcoming Coinbase Listings to Watch in 2025 In early June, they introduced CSM version 2, introducing a variable reward model for node operators. DISCOVER: 6 Best Meme Coin ICOs & Presales to Invest in 2025 LDO Crypto Stuck Below $1: Lido Finance v3 Testnet, CSM Updates LDO price down 90% from all-time highs Will LDO crypto break $1 and May 2025 highs? Lido v3 testnet-2 is now live on Hoodi Ethereum testnet Lido CSM is live and permissionless, attracts new validators The post Lido Shipping Major Updates: Why Is LDO Crypto Still Stuck Below $1? appeared first on 99Bitcoins.

XCN Crypto (Onyxcoin) just jumped 12% to $0.017, snapping out of a months-long bull flag. Technicals are lining up, and rising network activity adds weight to the breakout. Momentum’s clearly building. The Bull Flag Breakout For XCN Crypto (CoinGecko) XCN’s current surge can be traced back to a bull flag pattern that started forming on April 10. The flagpole was established with a sharp price rise to $0.027, followed by a correction phase that saw prices decline to $0.013. Now, breaking above the flag’s upper trendline, XCN signals an end to its correction and the possibility of further upside. XCN is now trading above its 50-day and 100-day EMAs near $0.0156, pressing against a key resistance trendline. A daily close above $0.01699 would confirm the breakout and put $0.020 in sight. Several metrics confirm the growing bullish momentum for Onyxcoin: MACD Surge: The MACD indicator shows rising signal lines, signaling strong buying interest. RSI at 57: The Relative Strength Index is climbing toward overbought territory, reflecting increasing demand. Bull Bear Power (BBP): BBP trending into positive territory indicates buyers have gained control. Additionally, while the Chaikin Money Flow (CMF) hasn’t crossed into positive territory yet, its hovering just below the zero line signals that buying pressure is steadily building. What’s Next for Onyxcoin? Santiment data shows Onyxcoin’s Daily Active Addresses (DAA) remain in positive divergence, signaling real network activity behind the price move. The rally isn’t just hype but backed by usage. If momentum holds, a break above $0.020 could be next. Add in strong CMF and buying pressure, and $0.023 comes into view. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways XCN Crypto (Onyxcoin) just jumped 12% to $0.017, snapping out of a months-long bull flag. Technicals are lining up, and rising network activity adds weight to the breakout. Momentum’s clearly building. The post Can XCN Crypto Hit $0.035 in July 2025: XCN Price Prediction and Key Levels appeared first on 99Bitcoins.

If Jerry Seinfeld invested in the Ethereum price, it would go like this: “You ever buy Ethereum?” *audience chuckles* “You spend all weekend reading whitepapers, learning about gas fees, and you’re like: This is it. This is the future. We’re going to flip Bitcoin any minute now!” *audience bursts out in uncontrollable laughing* [Cue Seinfeld Music] Ethereum’s early lead over Bitcoin this quarter has faded. Now trading under $2,500, ETH faces a key inflection point; here’s where the price is going next: EthereumPriceMarket CapETH$294.74B24h7d30d1yAll time Ethereum’s MVRV Ratio Signals Modest Optimism Ethereum’s market-value-to-realized-value (MVRV) ratio stands at 1.16, slightly above neutral territory. While this indicates holders are in mild profit, ETH remains constrained by a key descending trendline dating back to 2018. The story here is that altcoins don’t perform well unless the Fed cuts rates and turns the money printers on. Adding to the challenge, Ethereum has to conquer a critical resistance level at $2,575. A strong breakout above this threshold could push prices toward $2,850, but without this momentum, a pullback to the $1,750 support zone could be on the horizon. Analyst Burak Kesmeci notes, “The visible range volume profile highlights strong historical interest between $2,100 and $2,300, making this zone critical for Ethereum’s next move.” Unity Wallet COO James Toledano summed it up: “Lower oil, rate cut expectations, and ETF flows are driving this bounce.” What’s Next for Ethereum Price? Two signals will decide whether Ethereum rallies or stalls. First, it needs to crack $2,575 and hold. Then it has to break its long-term MVRV trendline. Do both, and $2,850 comes into view fast. It’s crazy to think that I, like some of you, held Ethereum at $4,000+ and that was nearly four years ago at this point. $ETH holders have to be feeling the pain. [Cue that Seinfeld music one more time, Johnny!] EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Ethereum’s early lead over Bitcoin this quarter has faded. Now trading under $2,500, ETH faces a key inflection point. All eyes are on Jerome Powell next month. As inflation lingers and labor metrics soften. The post Ethereum Price Now Flashes First Death Cross Since 2022: Is Another Crash Coming? appeared first on 99Bitcoins.

Overview: The US dollar has steadied today after yesterday's shellacking that saw it fall to new multiyear lows against the euro and sterling and 10-year lows against the Swiss franc. The news stream is somewhat more supportive today, with trade deals said to be in the works, in addition to the confirmation/clarification of an agreement with China. The US got an exemption from the OECD's Pillar 2 corporate tax reform, and the onerous "revenge tax" of Section 899 of the budget proposal will be dropped. There is talk that the postponement of the so-called reciprocal tariff may be extended for the current deadline of July 9. While the greenback has steadied it has found little traction and remains largely pinned near yesterday's lows. Equity markets have responded more favorably. Most of the markets in the Asia Pacific region advanced less by the more than 1% gain in Japanese indices. China, Hong Kong, South Korea, and Australia were exceptions. Europe's Stoxx 600 is up nearly 1%, and if today's gains are sustained, it would be the first back-to-back advance in three weeks. US index futures are up 0.2%-0.3%. Benchmark 10-year yields are firmer. The two basis point rise in the JGB put the yield at a new high for the week near 1.43%. European yields are mostly less than one basis point higher, but enough to lift the 10-year German Bund yield to a new high for the week (~2.57%). The 10-year Treasury yield is about three basis points higher at 4.27%. It is off nearly 8 bp this week. Gold has broken down to a new low for the week, near $3282. It is also a new low for the month. August WTI continues to chop inside Tuesday’s range (~$64-$67.85). It is inside yesterday's range as well (~$64.65-$66.40). USD: Neither the US-China deal, the other ten trade deals that the Commerce Secretary, nor the likely dropping of the so-called "revenge tax" in the budget, have been sufficient to give the dollar much of a lift. The Dollar Index is pinned near the three-year low set yesterday around 97.00. It has been as high as about 94.40 today, but it is back hovering by its lows in late European morning turnover. There is much attention on today's PCE deflator, but economists have a good handle on it after the CPI and PPI were released earlier this month. The Fed targets the headline PCE deflator, though many journalists insist on calling the core rate the preferred measure, though it is not clear what that means. In any event, the headline and core measures are seen rising by 0.1%, which would lift the year-over-year rates to 2.3% (from 2.1%) and 2.6% (from 2.5%), respectively. More importantly, we suggest, is the slowing of consumption. Note that in yesterday's Q1 GDP update, consumption growth was chopped to 0.5% from 1.2%. In April, monthly personal consumption rose by 0.2% and the median forecast in Bloomberg's survey is for a 0.1% gain. It follows an erosion of consumer confidence, rising household debt stress levels, and a slowing in job growth. Adjusted for inflation, through May, real consumption is rising at half of the pace seen in the first five months of 2024. Ahead of the data, the Fed funds futures market is discounting about a 21% chance of a July cut. A week ago, there was around a 16% chance. At the end of May, before Governors Waller and Bowman put July on the table and President Trump's public criticism of Chair Powell and indication he could name a successor six months before the end the Chair's term ends, the market was discounting a 28% chance of a July cut. EURO: Talk of option-related demand may have helped explain euro's surge through $1.17 yesterday. Between yesterday and July 1, the DTCC showed nearly six billion euros in options were expiring. The euro peaked in early European trading near $1.1745. It approached in the NY afternoon but stalled. Today it has mostly traded in around a 20-tick range in either side of $1.17. The upper Bollinger Band is near $1.1710 today. A break of $1.1680 could see short-term momentum traders move to the sidelines, which could send the euro back to the $1.1650 area, where there are 2.1 bln euros expiring Monday. Coming into today, according to Bloomberg prices, the euro has not fallen since last Tuesday June 16, its longest advance in nearly a year. France and Spain reported June CPI ahead of next week's estimate of the aggregate figures. France's harmonized measure CPI rose by 0.4%, twice what was expected but the year-over-year rate rose to 0.8% from 0.6%. Spain's rose by 0.6% and the year-over-year rate rose to 2.2% from 2.4%. The eurozone's June CPI is expected to increase by 0.2% for an unchanged year-over-year rate of 1.9%. CNY: Yesterday saw the dollar fall to a new low for the year (~CNH7.1525) and recover slightly above CNH7.17 in early European turnover. The greenback drifted lower and was fraying the CNH7.16 area in late turnover. It has steadied today and has traded within yesterday's range. The PBOC set the dollar's reference rate at CNY7.1627 (CNY7.1620 yesterday and CNY7.1695, a week ago). Squeezing HK liquidity through its intervention to defend the peg, the HKMA may have helped reduce some upside pressure on the yuan by discouraging short HKD/long yuan plays. China reported May industrial profits fell 1.1% in in the first five months of this year compared with the Jan-May 2024 period. Separately China confirmed the trade agreement with the US. The lifting of some US sanctions and renewed supply of ethane will take place after the rare earth and magnet shipments begin, according to reports. JPY: With only shallow bounces, the dollar fell from almost JPY146 on Wednesday to JPY143.75 yesterday. The driver was the general weakness of the greenback and the decline in US rates. The greenback settled below the 20-day moving average (~JPY144.55) for the first time in two weeks. It is trading quietly today in the narrowest range of the week (~JPY144.20-JPY144.80). Tokyo price pressures eased slightly more than expected this month. The headline CPI rose 3.1% year-over-year compared with a 3.4% gain in May. The core measure, which excludes fresh food, eased to 3.1% from 3.6%. Excluding fresh food and energy Tokyo's CPI also slipped to 3.1% from 3.3%. This can be expected to be largely duplicated on the national level. The chances of a rate hike at the end of the July central bank meeting remain negligible, according to the swaps market. Some surveys are beginning to detect a push of the anticipated rate hike into 2026. Japan also reported May retail sales. They unexpectedly fell (-0.2%) compared with expectations for a 0.3% increase. It followed a 0.7% rise in April. The cumulative rise in retail sales in Q1 was 0.4%. In GDP terms, Japanese consumption has been more stable that government spending and private investment. The Japanese economy contracted by 0.2% at an annualized pace in Q1 and looks to have done only slightly better in Q2. Separately, Japan reported a steady unemployment rate in May (2.5%) but a decline in the job-to-applicant ratio to 1.24 from 1.26. This matches the lowest since early 2022. GBP: Sterling's four-day advance is on the line. It rallied four cents off Monday's low that saw it approach $1.3370 on Monday. It settled above the upper Bollinger Band yesterday (~$1.3725 today). Above the $1.3770 seen yesterday, the $1.3840 could be next. It did not trade below $1.3700 in North America yesterday, where GBP560 mln options expired. It is trading mostly between $1.3720 and $1.3750 so far today. A break of $1.3700could spur some position adjusting that takes sterling to $1.3650 and better support. CAD: The Canadian dollar's 0.7% gain yesterday was the largest this month. The US dollar was turned back from almost CAD1.38 on Monday and slipped below CAD1.3620 yesterday. It is holding above CAD1.3625 today and has been capped near CAD1.3650. Options for $875 mln expire at CAD1.3600 today. This year's low was recorded on June 16 near CAD1.3540. Despite the Canadian dollar's gains, it is a laggard. The only G10 currency to do worse this month is the yen, which has fallen by about 0.2%, while the Loonie has risen by around 0.7%. Year-to-date, it is up 5.4%. It is the least of the G10. The Australian dollar is a close second. It has appreciated almost 5.8%. AUD: The Australian dollar reached a seven-month high yesterday, almost $0.6565. It was the culmination of a four-day rally. It surged 3% from Monday's one-month low (~$0.6375) to the new high yesterday. It frayed its upper Bollinger Band, which is found near $0.6550 today. A break of $0.6540 could see $0.6520. Yesterday's low was near $0.6500. The Aussie's rally does not reflect a change in view on monetary policy. The futures market is the most confident of a cut at the July 8 meeting (~95%). Moreover, the market has been boosting the magnitude of this year's rate cut for the past five sessions. It is now anticipating 81 bp of cuts between now and the end of the year, up from 74 bp a week ago. MXN: The peso took yesterday's anticipated rate cut in stride. As widely expected, Banxico delivered its fourth consecutive 50 bp rate cut. The central bank has not finished the easing cycle but signaled a more moderate pace going forward. And for good reason, it has cut the overnight rate target by 200 bp this year and inflation is north of the 2-4% target range, even if it does not appear to be still accelerating. Yesterday's session low for the dollar was recorded in the European morning near MXN18.85. It reached a low after the rate cut of slightly below MXN18.86. Today, the greenback is in a roughly MXN18.86-MXN18.8950 range. The range may be extended a little to the upside today, but peso buying does not appear exhausted. Disclaimer

The XRP price experienced a significant decline on Thursday following new developments in the ongoing legal dispute between Ripple Labs and the US Securities and Exchange Commission (SEC). Judge Analisa Torres’ decision to deny the joint motion from Ripple and the SEC for an indicative ruling halted the XRP price recovery as it aimed to breach the nearest resistance level at $2.23. Key Issues Unresolved For Ripple Despite the SEC dropping its appeal, which indicated that the primary legal conflict between the two parties may be reaching a conclusion, Judge Torres’ ruling highlighted that several procedural matters still require resolution, including necessary court approvals. In her judgment, she made it clear that private agreements cannot supersede public court decisions, stating, “The parties do not have the authority to agree not to be bound by a court’s final judgment… They have not come close to doing so here.” In response to the ruling, Ripple’s Chief Legal Officer, Stuart Alderoty, took to social media platform X (formerly Twitter) to convey that the situation is now back in Ripple’s hands. The executive pointed out that the court has given them two options: either to dismiss their appeal regarding the historic institutional sales or to continue with the appeal. Regardless of the path chosen, Alderoty emphasized that XRP’s legal status as a non-security remains intact, reassuring stakeholders that it is business as usual. Expert Reactions To Torres’ Decision Legal expert Fred Rispoli also weighed in on the implications of the injunction, stating that it would not impact XRP in secondary markets or affect potential exchange-traded fund (ETF) filings awaiting approval by the SEC. He noted that the injunction is merely a court document and emphasized the low likelihood of Judge Torres calling Ripple and the SEC back into court unless the SEC believes Ripple is violating the terms of the injunction. Rispoli further questioned whether the SEC has the authority to grant Ripple the necessary exemptions to alleviate any restrictions imposed by the injunction, suggesting that such actions fall within the SEC’s executive powers. Ripple has asserted that it has adjusted its operations to align with the court’s findings, particularly regarding its past sales to institutional investors. Alderoty’s use of the term “historic institutional sales” in his recent statement indicates a shift in how both parties might approach future transactions, signaling a potential settlement that would allow XRP sales to institutions in a manner acceptable to the SEC. XRP Price Could Reach $5 Despite this temporary setback, market analysts remain optimistic about XRP’s future. Crypto analyst CryptoBullet recently noted that XRP’s two-week price chart resembles patterns seen in 2017, including a significant accumulation phase and a potential breakout. With this historical context in mind, the expert predicts a final surge in the XRP price, forecasting new all-time high targets between $4.50 and $5.40 for the cryptocurrency. As of press time, the XRP price has retreated to the $2.08 mark, which is a key support level for bulls anticipating further recovery of the token. In the last 24 hours, XRP has dropped 4.4%, and 10% in the last month. According to CoinGecko data, the XRP price remains 38% below its record high of $3.40. Featured image from DALL-E, chart from TradingView.com

The possibilities of a Ripple Initial Public Offering (IPO) have become higher as time goes on and the company moves toward a complete resolution of its SEC lawsuit. With expectations of the IPO rising, possible valuations have started to fly around as the company is one of the largest cryptocurrency companies. Most notably, pro-XRP lawyer and community member John Deaton has proposed that the Ripple IPO could lead to the company being valued at over $100 billion. Deaton Puts Ripple At $100 Billion The comment and valuation from lawyer John Deaton come after Circle, the company behind the USDC stablecoin, successfully completed its Initial Public Offering (IPO). So far, the crypto firm has found a lot of success in the market, surging from an initial $5 billion valuation to over $63 billion in valuation post-IPO. Deaton responded to a post on X (formerly Twitter), highlighting this feat, pointing out how Ripple could be even more successful in this regard. He explains that despite Ripple CEO Brad Garlinghouse saying that the company was in no rush to go public, the IPO should be timed correctly to have the right impact. Pointing to the current market environment, he points out that if Circle can grow to a $63 billion valuation, then it means that Ripple can soar even higher. Given XRP’s standing in the market as the 4th-largest cryptocurrency, ahead of Circle’s USDC, which sits at 7th place, Deaton believes that Ripple’s valuation post-IPO can rise to $100 billion. “If Circle can hit a 62B-75B market cap then Ripple, with nearly 40B XRP, currently valued at $2 (ie $80B), could certainly hit a $100B market cap in this environment,” Deaton wrote. As Bitcoinist reported, Ripple had issued a $700 million tender offer with shares priced at $175. This now puts the equity valuation of the company at $25 billion with 141 million outstanding shares as investors look favorably at the crypto firm. How High Could The XRP Price Go? Market experts have speculated that if the Ripple IPO does go through and the valuation soars, the XRP price will soar in tandem. Crypto investor Dennis Liu shared a video that suggested a successful IPO would be positive for the XRP price. He points out that a symbiotic relationship of the XRP coin related to the Ripple stock would be the dream of investors. Other market experts have debated that the XRP price would go double-digits to rise above $10 if this happens. In some cases, the XRP price has been pegged as high as $100 if Ripple does complete its IPO and begins trading as a publicly listed company.

A fund based in the United Arab Emirates (UAE) has announced a significant investment of $100 million in the Trump-backed decentralized finance (DeFi) platform World Liberty Financial, and its native token WLFI. The investment was confirmed in a joint statement by Aqua 1 and World Liberty Financial, highlighting the collaboration as a step towards developing a blockchain financial ecosystem and integrating stablecoins. World Liberty Financial Partners With Aqua 1 Zak Folkman, co-founder of World Liberty Financial, expressed enthusiasm about the partnership, stating, “We’re excited to work hand-in-hand with the team at Aqua 1.” This investment positions Aqua 1 among the largest stakeholders in the Trump family’s cryptocurrency project. It is further strengthened by the backing of crypto billionaire Justin Sun, who is the top investor in the company with a substantial $75 million stake. This marks the second investment from a UAE-based firm in World Liberty Financial within a short span; earlier this year, Abu Dhabi’s MGX used World Liberty Financial’s USD1 stablecoin to facilitate a $2 billion investment in Binance. David Lee, a founding partner at Aqua 1, stated that Aqua 1 and the decentralized platform will collaborate to “identify and nurture promising blockchain projects.” World Liberty Financial also plans to support the Aqua Fund, an investment vehicle focused on enhancing the digital economy in the Middle East. In addition, Aqua 1 will aid World Liberty Financial in expanding its reach into South America, Europe, Asia, and emerging markets. Both companies are also set to develop “BlockRock,” a platform aimed at tokenizing real-world assets (RWAs) to bridge traditional investments like real estate with the Web3 ecosystem. New App Launch Planned In tandem with these initiatives, World Liberty Financial is preparing to release an audit report of its stablecoin, USD1, within days. Folkman, speaking at the Permissionless conference in Brooklyn, New York, also mentioned that the platform’s WLFI token may soon become tradable. Launched two months prior to the US presidential election, WLFI has already generated substantial revenue for Trump’s family business through the sale of governance tokens. These tokens grant holders the ability to vote on project changes and influence its strategic direction. While WLFI is currently not tradable, Folkman hinted at forthcoming updates that users should watch for in the coming weeks. He also revealed that the company’s stablecoin has received its first attestation report, which will be available on the company’s website. To further facilitate user engagement, Folkman announced the upcoming launch of a new app designed to simplify cryptocurrency use for everyday investors. As of press time, the official TRUMP memecoin trades at $8.96, recording a major 30% drop in the monthly time frame. Featured image from DALL-E, chart from TradingView.com

This week, Bitcoin (BTC) has recovered from its recent drop below the $100,000 level and is attempting to turn the crucial $108,000 resistance into support for the fourth time. As we approach the second half of 2025, a market watcher has shared his forecast for BTC. Bitcoin Sees Transitional Period On Thursday, analyst Rekt Capital shared a roadmap for BTC for the rest of the year. He noted that this cycle has been “truly a cycle of re-accumulation ranges,” explaining that these have formed throughout the cycle since the end of 2022 and evolved since the Bitcoin Halving last year. In the pre-having period, BTC registered brief price deviations with downside wicks below the re-accumulation range lows in the weekly chart. Meanwhile, the post-halving period has seen Bitcoin deviations occur with multi-week clusters of full-bodied candles below the range lows. For instance, after its first price discovery uptrend, which lasted around seven weeks, BTC moved within its re-accumulation range for about ten weeks. Then, it transitioned into the first Price Discovery Correction, recording a nine-week downside deviation below the range lows before breaking out and rallying past the range highs toward a new ATH last month. Its past performances suggested that BTC was ready to enter its second Price Discovery Uptrend. But as Rekt Capital detailed, a transitional period has occurred for the first time, with price consolidating around the re-accumulation range high area. According to the analyst, this is “perhaps the first time that we’re seeing a deviation occur below the range high,” making this area a crucial level to transition into a new uptrend. We never really had to pull back substantially, maybe, until that final corrective period, which would last multiple months, but each re-accumulation range would see quite a bit of upside, and that upside would be very quick and no real post-breakout retesting, no real pausing. What we’re seeing here is something very, very different. Weekly Close Key For BTC’s Future Based on its new transition period, the key level for Bitcoin to reclaim in the weekly timeframe is the $104,400 support, which it held for nearly seven weeks before the recent pullbacks. This level was lost after BTC closed last week below it and “should not become a resistance level.” To the analyst, it’s key that this week’s close solidifies the price recovery as it would position the cryptocurrency for a retest and confirmation of $104,400 as support and continue the build the base around this area to transition into the next multi-week Price Discovery Uptrend. Rekt Capital added that the timeline for BTC’s next uptrend will depend on the length of the new transitional period. However, he believes that it will take “a bit longer” to break out. Additionally, he suggested that what comes after the upcoming uptrend will also depend on how long it takes, as it could lead to an extended cycle or a prolongation of this phase, which could push the cycle peak into deeper stages of 2025. Nonetheless, the analyst affirmed that it’s crucial that the next corrective period, which could see Bitcoin drop between 25% to 33%, is short to potentially enjoy a third Price Discovery Uptrend before the bear market. As of this writing, BTC is trading at $107,555, a 3.2% increase in the weekly timeframe.

US equity markets roared back to life on Thursday, 26 June, with the tech-heavy Nasdaq 100 leading the charge, climbing 0.9% to notch another fresh all-time intraday and closing high. The S&P 500 rose 0.8% to close at 6,140—just shy of its all-time intraday high of 6,147 set in February. Meanwhile, the Dow Jones Industrial Average gained 0.9%, and the small-cap Russell 2000 outperformed with a 1.7% surge. Despite ongoing concerns around slowing US economic growth and the approaching 9 July expiration of the White House’s 90-day pause on global reciprocal tariffs (excluding China), investor sentiment remained firmly risk-on. Markets appear to be positioning for potential additional liquidity from a more dovish Federal Reserve as early as Q3. close Fig 2: USD/JPY minor trend as of 27 June 2025 (Source: TradingView) Fig 2: USD/JPY minor trend as of 27 June 2025 (Source: TradingView) Price actions of the USD/JPY have failed to trade higher above its 20-day moving average, and it is now shaping an impending weekly bearish “Dark Cloud Cover” candlestick pattern that suggests a potential bearish breakdown from its “Ascending Wedge” range support that has been in place since the 22 April 2025 low. In addition, the hourly RSI momentum indicator has continued to flash out bearish momentum conditions as it remains below a parallel descending resistance. Watch the 145.20 key short-term pivotal resistance, and a break below 143.90 (“Ascending Wedge” range support) exposes the next intermediate supports at 143.00 and 142.40 (see Fig 2). On the other hand, a clearance above 145.20 negates the bearish tone for a squeeze up towards the next intermediate resistances at 146.25 and 147.15. 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.

Bank of America: Investidores estrangeiros detêm participação recorde de US$ 19 trilhões no mercado dos EUA Por Igor Pereira, Analista de Mercado Financeiro – ExpertFX School Desde 1991, investidores estrangeiros adquiriram coletivamente mais de US$ 128 trilhões em ativos financeiros dos Estados Unidos, segundo análise do Bank of America com base em dados oficiais da Reserva Federal (Fed). Apenas nos últimos 15 anos, as compras líquidas de ações, títulos públicos e privados, instrumentos de crédito, fundos do mercado monetário e outros ativos dobraram, refletindo um ciclo persistente de confiança internacional na economia americana. Atualmente, estrangeiros detêm aproximadamente 18% de todo o mercado acionário dos EUA, o equivalente a cerca de US$ 19 trilhões, configurando um patamar recorde de participação externa no capital financeiro norte-americano. Impactos no mercado financeiro Esse nível inédito de exposição internacional representa um divisor de águas para a estrutura do mercado financeiro dos EUA. A dominância estrangeira nos ativos americanos, especialmente em ações e títulos, reforça o status dos EUA como porto seguro global, mas também revela a crescente interdependência entre o capital internacional e a estabilidade de Wall Street. Do ponto de vista da liquidez, a entrada massiva de capital estrangeiro proporciona sustentação aos valuations, reduz custos de financiamento e amplia o apetite por risco em setores estratégicos da economia norte-americana. Em momentos de expansão global, isso tende a beneficiar o S&P 500 e o Nasdaq, fortalecendo o dólar como divisa de reserva. No entanto, o cenário também traz vulnerabilidades sistêmicas: em um ambiente de aumento de taxas nos EUA, desaceleração global ou tensões geopolíticas (como guerra comercial, conflitos militares ou desacordo cambial), esses mesmos fluxos podem se reverter de forma abrupta, gerando riscos de liquidez e instabilidade em múltiplos mercados – de ações a Treasuries. O que esperar Com os atuais níveis de dívida pública dos EUA superando US$ 34 trilhões e uma crescente fragilidade fiscal em Washington, a continuidade do apetite externo dependerá de uma confiança contínua no sistema institucional e na política monetária americana. Alterações na trajetória dos juros pelo Fed, ou decisões disruptivas do governo Trump em sua nova gestão, podem afetar diretamente esse fluxo internacional. No médio prazo, analistas esperam uma rotação gradual de ativos, com investidores estrangeiros migrando parcialmente para ouro, ativos asiáticos, criptomoedas e commodities, como forma de diversificação e proteção contra riscos fiscais e cambiais dos EUA. Opinião do analista Igor Pereira A concentração de capital estrangeiro em ativos americanos é ao mesmo tempo um reflexo do domínio global dos EUA e um alerta para riscos de reversão abrupta de fluxo, especialmente em contextos de tensões geopolíticas ou instabilidade interna. O fato de investidores internacionais controlarem quase um quinto do mercado acionário americano não é apenas simbólico — é estrutural. Como analista, vejo esse dado como um sinal de maturidade e risco: maturidade, pois os EUA continuam sendo o principal destino do capital global; risco, porque qualquer abalo na confiança pode gerar movimentos de correção agressivos em Wall Street, pressionando também moedas emergentes, como o real, e ativos sensíveis ao risco, como o ouro (XAU/USD). Para o trader institucional, esse é um momento de atenção redobrada: monitorar os fluxos internacionais se tornou tão essencial quanto acompanhar os dados macroeconômicos locais.

Butão acumula reservas em Bitcoin equivalentes a quase 40% do PIB nacional Por Igor Pereira, Analista de Mercado Financeiro - ExpertFX School Desde 2020, o Reino do Butão vem se destacando no cenário global ao implementar uma estratégia inovadora de mineração e acúmulo de Bitcoin (BTC) em suas reservas nacionais. Atualmente, estima-se que o país detenha cerca de US$ 1,3 bilhão em BTC, valor que corresponde a quase 40% do PIB do país, tornando-o o terceiro maior detentor de Bitcoin entre governos nacionais. Impactos no mercado financeiro Essa decisão do Butão representa um marco significativo para o mercado de criptomoedas, sobretudo pela participação direta de uma autoridade governamental na posse de um ativo digital de alta volatilidade e potencial disruptivo. A alocação expressiva em Bitcoin por parte de um governo soberano sinaliza maturidade crescente do ativo como reserva de valor alternativa, capaz de oferecer proteção contra pressões inflacionárias e instabilidades cambiais. Para o mercado financeiro global, essa iniciativa pode desencadear um movimento de maior aceitação institucional das criptomoedas, especialmente em países emergentes que buscam diversificação de reservas e maior autonomia monetária. A exposição governamental ao BTC tende a reduzir a percepção de risco e pode contribuir para a estabilização do preço da criptomoeda no médio prazo. No entanto, é importante considerar os riscos associados à concentração de ativos digitais em governos de pequeno porte, cuja liquidez pode impactar volatilidade caso ocorram vendas expressivas. Além disso, o ambiente regulatório e geopolítico pode influenciar decisivamente o comportamento desses ativos. O que esperar No horizonte dos próximos meses, espera-se que outras nações observem atentamente os resultados da estratégia do Butão e avaliem a possibilidade de incorporar ativos digitais em suas reservas soberanas, especialmente diante do contexto global de inflação elevada e incertezas econômicas. Para traders e investidores, a crescente institucionalização do Bitcoin pode significar um mercado mais sólido, com fluxos de capital mais estáveis, mas ainda sujeito a riscos típicos do ativo, como volatilidade e influências externas. Opinião do analista Igor Pereira A adoção do Bitcoin pelo Butão é um movimento estratégico que sinaliza a transição das criptomoedas de um ativo especulativo para uma ferramenta legítima de política econômica. Esse caso reforça a importância de se analisar o mercado cripto sob uma perspectiva macroeconômica e institucional, além dos tradicionais fatores técnicos. Vejo essa iniciativa como um indicativo claro de que o futuro das reservas soberanas pode ser híbrido, combinando moedas fiduciárias com ativos digitais para melhor proteção contra choques globais. No entanto, é fundamental que os investidores estejam atentos aos riscos de concentração e volatilidade, adotando uma gestão de risco robusta para navegar nesse novo cenário.

Data shows the Bitcoin Open Interest on the cryptocurrency exchange Binance has recently shot up. What could this mean for the asset’s price? Bitcoin Binance Open Interest Has Seen A Sharp Increase As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Open Interest on Binance has spiked. The “Open Interest” refers to an indicator that measures the total amount of BTC positions that are currently open on a given derivatives platform. When the value of the metric goes up, it means the investors are opening up fresh positions on the market. As the total amount of leverage present in the sector rises when new positions appear, this kind of trend can lead to the asset’s price becoming more volatile. On the other hand, the indicator observing a decline suggests the holders are either closing up positions of their own volition or getting liquidated by their platform. Since leverage goes down with such a trend, the cryptocurrency can become more stable following it. Now, here is a chart that shows the trend in the 24-hour percentage change of the Bitcoin Open Interest for the Binance exchange over the past month: As displayed in the above graph, the 24-hour change in the Binance Bitcoin Open Interest recently shot up to a notably positive value, implying the number of positions on the platform saw a significant jump. At the peak of this spike, the indicator hit a value of more than 6%. From the chart, it’s visible that there have been a couple of other occasions that the metric has breached this mark during the past month. Interestingly, each of these spikes coincided with points that preceded a period of consolidation/decline for Bitcoin. As the quant notes, This recurring pattern suggests that large inflows into leveraged positions often precede periods where short-term gains are realized, leading to potential price pullbacks or sideways movement as market participants de-risk. The analyst has also shared another chart, this one tracking the 7-day change in the Realized Cap of the short-term holders and long-term holders. The “Realized Cap” refers to an indicator that keeps track of the capital that the holders have invested into Bitcoin. Below is a chart that shows the change in this metric for two investor cohorts, short-term holders (holding time of 155 days or lesser) and long-term holders (holding time greater than 155 days). As is apparent from the graph, the 7-day change in the Realized Cap has recently been positive for long-term holders, which suggests capital has been maturing from the short-term holders into this cohort. That said, earlier in the month, the indicator hit a peak of $57 billion, but today it has come down to just $3.5 billion. So, while capital is still aging into long-term holders, it’s now happening at a much slower rate. BTC Price Bitcoin has been attempting to break past the $108,000 mark, but so far, it hasn’t found success as its price is still trading around $107,200.

Cardano price started a fresh decline below the $0.5750 zone. ADA is now consolidating and might struggle to stay above the $0.550 support. ADA price started a fresh decline below $0.580 and $0.5750. The price is trading below $0.570 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.570 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh decline if it dips below the $0.550 support zone. Cardano Price Dips Again In the past few sessions, Cardano saw a fresh decline below the $0.580, unlike Bitcoin and Ethereum. ADA even declined below the $0.5750 level to enter a bearish zone. The bears even pushed the price below the 23.6% Fib retracement level of the upward move from the $0.5102 swing low to the $0.5938 high. The price even spiked below the $0.5520 support. There is also a key bearish trend line forming with resistance at $0.570 on the hourly chart of the ADA/USD pair. Cardano price is now trading below $0.570 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.570 zone. The first resistance is near $0.5850. The next key resistance might be $0.5920. If there is a close above the $0.5920 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.620 region. Any more gains might call for a move toward $0.6350 in the near term. Another Drop In ADA? If Cardano’s price fails to climb above the $0.5850 resistance level, it could start another decline. Immediate support on the downside is near the $0.5520 level and the 50% Fib retracement level of the upward move from the $0.5102 swing low to the $0.5938 high. The next major support is near the $0.530 level. A downside break below the $0.530 level could open the doors for a test of $0.5120. The next major support is near the $0.50 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.5520 and $0.5300. Major Resistance Levels – $0.5850 and $0.6000.