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

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

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

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

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

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

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

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

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

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

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

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

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

It has been the second day where North Americans see no particular market-moving data after last week's key releases, but this hasn't stopped the session from being volatile. Today has seen some heavy reshuffling in stocks from Tech and Semiconductor Sectors to Healthcare, FInancial and Real Estate sector in what seems to be some closing of positions as we approach the Key earnings releases for some of the biggest names in American Markets: Tesla and Google earnings are awaited tomorrow. The Nasdaq closes down 0.60% and the Dow up 0.40% – Even the Russell 2000 has seen some new flows towards the smaller-cap index in the session. Except for these reshufflings, some further fears of FED's Powell getting ousted before the end of its term, some Hawkish RBA Minutes and a rejection of the top in USDJPY, the Greenback has been getting hammered. Metals have also had a strong day, particularly with Gold, up close to 1.50% on the session, being back to $50 from its all-time highs. Palladium, Silver and Copper also have had a decent performance. Other commodities and cryptos have been a bit more mixed in what seems to be more profit taking after a streak of good days. Read More: Nasdaq slips on profit taking as markets await key Tech earnings Daily Cross-Asset performance Cross-Asset Daily Performance, July 22, 2025 – Source: TradingView Ether is now the worst performing asset on the session with the ongoing general profit-taking seen in markets (same for Nasdaq), leaving some space for Bitcoin, Gold and US Treasuries to rally back. The USD and European stocks have also seen quite a retracement today. A picture of today's performance for major currencies Currency Performance, July 22 – Source: OANDA Labs The US Dollar had started the session on strong selling, particularly profiting to the Yen but the Japanese currency actually gave up some of its strength towards the NA afternoon. The CHF and NZD which had lost some ground since the past week finish the session on top of majors. Earnings Season: Who is releasing their numbers tomorrow Earnings Calendar for July 23rd – Source: Nasdaq.com Expect big names tomorrow, with AT&T releasing earnings at the pre-open, Google and Tesla will be releasing their own numbers after the close. A look at Economic Data releasing in tomorrow's session For more details, check out the MarketPulse Economic Calendar Tomorrow's economic data releases should be relatively thin, with another focus on Australian data with their own PMI releases in the evening session at 19:00 and RBA Governor Bullock speaking at 23:05. Still, do not forget the mid-tier Exisiting Home Sales at 10:00 A.M. in the US, but tends to not be a major market mover. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Bitcoin is turning heads once again as it climbs steadily within a rising channel, teasing a potential explosive move. According to chart watchers, the current rally aligns with Wave (5) of an Elliott Wave structure, historically the phase that unleashes the most aggressive price action. With momentum building and institutional demand ramping up, could this be the final leg before Bitcoin launches toward uncharted territory? Rising Channel Holds Firm As Wave (5) Builds Steam In a recent update, market analyst LSplayQ pointed out that Bitcoin is steadily climbing within a clearly defined rising channel, with the price now trading close to $118,000. This structured upward movement signals strong market confidence, with buyers consistently stepping in at higher levels to support the trend. The analysis ties this momentum to an unfolding Elliott Wave formation, where Wave (5) is currently in play. The previous waves have displayed a clean pattern of higher highs and higher lows—a signature of impulsive bullish behavior. This suggests that Bitcoin’s price action is not random but follows a predictable rhythm often seen during strong uptrends. With Wave (5) potentially in progress, LSplayQ believes that Bitcoin could soon challenge the upper boundary of its rising channel. If this plays out as expected, the next target zone could be around the $140,000 region, a level that aligns with the broader technical projection of this ongoing wave structure. A breakout above the rising channel could spark even more aggressive upside, while any signs of weakness near these resistance levels might indicate a short-term pullback. However, the bullish setup remains intact for now as Wave (5) continues to unfold with precision. Institutional Buys Push Forward, But Technicals Urge Patience With institutions like Strategy continuing to accumulate, LSplayQ suggests that Bitcoin still has room to push higher. The growing interest from large-scale investors adds weight to the ongoing bullish momentum, further fueling optimism for an extended rally. However, there are signs that the market may be nearing a temporary exhaustion point. The Relative Strength Index (RSI) is edging toward overbought territory, hinting at a potential cooling-off period. This doesn’t necessarily signal the end of the trend but could open the door for a short-term correction. Should a pullback occur, traders will likely shift their focus to key support zones. According to LSplayQ, the $99,531 level stands out as a critical area where buyers may step in to defend the uptrend. Holding above that threshold could set the stage for the next leg upward once the consolidation phase concludes.

Copper futures hit a new record on Tuesday as the US market continues to brace itself for a 50% tariff next month. The most active September contracts on the CME soared as much as 1.6% to $5.7275 per lb., a new all-time high. Since US President Donald Trump’s tariff announcement earlier this month, copper price have soared past the $5/lb. level to new heights. Following a double-digit move on July 8 (see chart below), the metal has risen by another 2%. Click on chart for live prices. This takes copper’s year-to-date gains to over 40%, making it one of the best performing commodities of 2025, even surpassing that of gold. Meanwhile, corresponding contracts in London rose 0.8% to approximately $9,860 a tonne. Despite the rally, ANZ Bank analysts told Reuters that the copper tariff is expected to lead the US market to rely more heavily on domestic inventories in the near term, which could place downward pressure on prices in both New York and London. Meanwhile, copper inflows into the US have slowed as traders prepare for the implementation of tariffs ahead of the August 1 deadline.

Tron (TRX) hit a fresh yearly high last Friday, climbing to $0.3344 for the first time since early December 2024. The price surge reflects growing market confidence, with bulls firmly in control and the technical structure pointing toward continued upside. While many altcoins remain stuck in consolidation, Tron stands out with a strong uptrend supported by improving fundamentals. On-chain data from CryptoQuant reveals a key driver behind this momentum: fees on the Tron network have surged, surpassing those of Ethereum and reaching parity with Bitcoin. The platform now averages $1.29 in monthly transaction fees — a milestone that highlights both increased user activity and a moderate rise in base transaction costs. This shift has propelled Tron ahead of Ethereum in terms of fee-based revenue generation, further reinforcing its relevance in the smart contract and stablecoin sectors. The growing revenue stream and network usage indicate rising demand and adoption, both of which provide structural support for TRX’s price. As fees climb without deterring user engagement, the fundamentals continue to align with the bullish price action. With momentum on its side, Tron could be gearing up for a significant breakout beyond its current highs in the coming weeks. Rising Fees and Explosive On-Chain Activity Fuel Tron Burn Rate According to top analyst Darkfost, the surge in Tron’s network fees is not solely the result of recent protocol-level adjustments. Instead, it’s being reinforced by a steady and significant rise in on-chain activity. Tron has now processed more than 14 billion cumulative transactions — a staggering figure that underscores the network’s consistent utility. On a monthly basis, the network averages around 8.5 million transactions, signaling not just speculative interest but actual demand and adoption across a range of applications. What’s remarkable is that despite the increase in transaction costs, user activity continues to climb. This resilience points to Tron’s growing relevance in sectors like stablecoins, gaming, and DeFi, where low-cost, high-throughput performance is essential. The uptick in usage isn’t just a bullish signal on its own — it also has direct implications for tokenomics. Each transaction on Tron burns a small amount of TRX, meaning that rising activity naturally accelerates the burn rate. This creates a powerful positive feedback loop: increased usage leads to more TRX being burned, gradually reducing the circulating supply. As demand stays strong and supply decreases, the underlying value of TRX finds structural support. This deflationary mechanism, combined with growing adoption, positions Tron as one of the more resilient altcoins in today’s competitive market landscape. TRX Price Action Holds Strong Despite Minor Pullback Tron (TRX) is showing strong technical resilience after reaching a yearly high of $0.3344 last Friday. As of now, TRX is trading at $0.3137, following a modest pullback, but the broader trend remains clearly bullish. The chart reveals a well-formed ascending structure supported by the 50-day moving average (blue), which has acted as dynamic support throughout the uptrend since March. Importantly, TRX is still holding well above the $0.30 psychological level, a critical support zone aligned with the recent breakout area. This suggests that the current move is likely a healthy consolidation after a strong multi-week rally, rather than the beginning of a reversal. The slope of the 100-day and 200-day moving averages (green and red) has started to turn upward, confirming the shift in momentum. If bulls manage to maintain control and defend the $0.30 level, TRX could soon retest its recent highs and potentially push toward the $0.35–$0.36 region. Featured image from Dall-E, chart from TradingView

Trading at around ~$44,500 deep into the New York session, the Dow Jones 30 (DJIA) remains relatively unchanged in today’s trading, up +0.22%, and looks for direction midway through earnings season. Otherwise, the benchmark S&P 500 is virtually unchanged at +0.01% in today's trading, while the Nasdaq-100 is down -0.44%. Dow Jones 30 (DJIA): Key takeaways from today’s session Trading in a period of consolidation since early July, markets keenly await the release of big tech earnings later this week, to include Alphabet (GOOG), Intel (INTC) and Tesla (TSLA) While some companies have already beaten Q2 expectations, the impact of elevated interest rates, ongoing geopolitical tensions, and ongoing trade policy uncertainty on corporate earnings is yet to be fully understood, which explains current market indecision Otherwise, renewed pressure on Fed Chair Jerome Powell by the Trump administration continues to build market uncertainty, hampering economic growth expectationsDow Jones 30 (DJIA): The bar for earnings season success remains low With Q2 earnings season in full swing, US equities will need further reassurance to break current consolidation. While the banking sector somewhat unceremoniously kicked off earning season, credit worthiness and general delinquency amongst personal and commercial borrowers would receive much of the market’s attention, dampening optimism on otherwise better-than-expected results. Otherwise, and in most recent news, DJ30 member Coca-Cola (KO) beat earnings expectations in their pre-market release today, where otherwise weak demand volumes were overshadowed by a considerable increase in operating margin year-over-year. With the Dow currently trading more rangebound than other US indices, markets are now turning attention to key big-tech earnings, some of which will occur after market tomorrow evening: Tuesday 22nd July: Intuitive Surgical (ISRG), AMCWednesday 23rd July: AT&T (T), PMOCME Group (CME), PMOGE Vernova (GEV), PMOThermo Fisher Scientific (TMO), PMOAlphabet Inc A (GOOGL), AMCAlphabet Inc C (GOOG), AMCInternational Business Machines (IBM), AMCQuantamScape (QS), AMCServiceNow (NOW), AMCTesla (TSLA), AMCThursday 24th July: Blackstone (BX), PMOKeurig Dr Pepper (KDP), PMOIntel Corp (INTC), AMCNewmont (NEM), AMCFriday 25th July: Aon (AON), PMO (PMO, Pre market open) (AMC, After market close) While most of the key earnings to be released later this week do not contain any Dow Jones constituents, big-tech stocks and their relative Q2 earnings performances will likely weigh on the general perception of US equities, including the Dow, for better or worse. What is more certain, however, is that, considering current market conditions, the bar for success remains low this earnings season. If companies can report earnings that simply meet expectations rather than surpass them, that should be enough to breed at least some market optimism. Dow Jones 30 (DJIA): Trump aides to visit Federal Reserve on Thursday While earnings season is expected to steal much of the market spotlight this week, the spat between President Trump, his administration, and the Federal Reserve looks set to continue. Most recently, US Treasury Secretary Scott Bessent called for an investigation into ‘the entire Federal Reserve Institution,’ coining the phrase ‘mandate creep, ’ alleging the Federal Reserve is encroaching on political areas separate to monetary policy. While this is perhaps the first time that the political independence of the Federal Reserve itself has been questioned recently, the same cannot be said for the current White House administration, with demands for lower rates piling up from both President Trump and his senators. Headlines may suggest that Trump would like to replace Powell entirely, and while this may well be true, questions are to be asked whether Trump, or any incumbent president, has the power to do so. For now, this outcome appears unlikely. Regarding US equity pricing, including the Dow, the current period of uncertainty around the Federal Reserve, both in policy and tenure, has slowed recent market momentum. As such, markets are closely watching for any clues on future monetary policy decisions ahead of the July 30th decision. CME FedWatch, 22/07/2025 Dow Jones 30 (DJIA): Trade tariff uncertainty, geopolitical tensions and GDP growth As a quickfire round-up of other economic themes at play affecting Dow pricing: US Trade tariffs, and the ultimate success of ongoing negotiations, continue to weigh heavily on Dow pricing. If nothing else, current market uncertainty is dampening US stock market growth expectations, and will likely continue to do so until further clarity can be achieved Geopolitical tensions in Ukraine and the Middle East remain relevant to US equity performance. Especially regarding an ever-present potential for US involvement, a move away from risk assets is likely to hurt stock performance in the short-term While the US labour market remains stable, a Q1 contraction in GDP is still fresh in the collective mind of the financial market. With the result solidifying the impact of uncertainty around monetary policy and trade tariffs, the market now turns its gaze to the end of the month for the next installment in GDP numbers, hoping for a return to positive territoryDow Jones 30 (DJIA): Technical analysis (22/07/2025) Dow Jones 30 (US30USD), OANDA, TradingView, 22/07/2025 On the daily timeframe, Dow Jones price action is forming an ascending triangle, suggesting either a breakout to the upside or downside is likely across the next few sessionsSupport can be found at $43,785, then $43,411, while some resistance is likely at previous highs of ~$45,060, then ~$45,506 Read more on US equities: Nasdaq slips on profit taking as markets await key Tech earnings Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Human rights and environmental violation cases at mine operations across Eastern Europe and Central Asia rose substantially last year, a new report has found, raising concerns over the harmful tradeoffs involved in securing key minerals for the clean energy transition. A new study by UK-based non-profit Business and Human Rights Resource Centre (BHRRC) on Tuesday identified as many as 270 allegations of abuse associated with mine development, extraction and processing (smelting and refining) in 13 of the 23 countries in the region. These allegations were sourced from publicly reported incidents from media and NGOs, including those that have not been proven in court. According to the BHRRC, the number of documented cases in 2024 was nearly three times higher than the 92 recorded the year prior, and represents a similar increase over the five-year average from 2019 to 2023. Russia had the largest number of abuse allegations, with 105 or 39% of the region’s total. It was followed by Ukraine (48), Kazakhstan (43), Serbia (31), Bosnia and Herzegovina (10) and Georgia (10). Some, namely Ukraine, Kazakhstan and Serbia, had more allegations of abuse than during the previous five years combined. Of all 19 minerals documented by the report, copper was associated with the highest number (77) of abuse allegations, constituting 29% of all recorded cases and involving eight countries. The BHRRC report also found occupational health and safety violations (115) to be the top human rights issue, accounting for 85% of all issues experienced by workers. This was followed by workplace deaths (47) and personal health issues (30). Half of workplace deaths recorded took place in Russia (23) and over a quarter (14) in Kazakhstan. Meanwhile, violations of environmental safety standards (43) accounted for 38% of all allegations affecting communities, followed by air pollution at 27% and soil and water pollution at 20% each. Russian company United Company RUSAL — owned by Russian billionaire Oleg Deripaska and sanctioned by the European Union — was linked to 31 allegations of abuse, nearly twice as many as any other company. Georgia hosted mines (Chiatura) with the highest number of allegations (10). These findings raise alarms over the protection of workers and the environment in the region as the EU ramps up efforts to extract and process critical minerals to support its climate goals. Speaking to The Guardian on Tuesday, BHRRC researcher and co-author Ella Skybenko stressed that “we must not choose between climate progress and protection of people and ecosystems.”

Oil is one of the most traditionally volatile commodity and tradable asset.. Since the Israel-Iran War, however, there haven't been many highlights in the geopolitical landscape that have warranted any substantial movement for the Black Gold, leading to an ongoing month-long consolidation. Since the war's end, the situation hasn’t changed much, even regarding the tariffs, where we haven’t seen any real progress in a while. However, global trade prospects have been progressively increasing as businesses have already taken the tariffs into account and tried to reroute their supply chains to limit future raise in costs. Oil prices are usually based on such prospects, and having become less pessimistic, Oil is still 6% higher than it was at the mid-point of the $60.5 to $64 May Range. Let's look at the current range and what candles point towards. Read More: Nasdaq slips on profit taking as markets await key Tech earningsUS Oil Technical UpdateWTI Daily Chart US Oil Daily Chart, July 22, 2025 – Source: TradingView Prices have been consolidating between the darker Support and Resistance zones since the $78.40 war highs got met with a significant correction, hitting lows of $65 as the Ceasefire between Israel and Iran had been reached. Daily RSI momentum is rangebound in the neutral zone (blue square) and prices are logged between the MA 200 acting as resistance (At 68.55) and the 50-Day MA acting as immediate support (66.31) Levels to spot for oil trading: Support Levels: $65 to $66 Support Zone (low of range)$64 High of May range$60.5 Low of May rangeResistance Levels: 69.5–$70.5 Intermediate Resistance Zone (High of range)Intermediate Resistance $72 to $73Main Resistance: $75 to $76US Oil 1H Chart US Oil 1H Chart, July 22, 2025 – Source: TradingView Rangebound action doesn't infer much from the 4H timeframe, hence the reason why we're moving closer directly. The action is decidedly rangebound, but one thing to monitor is how bulls couldn't use the May low trendline to push up prices, with that trendline coming in as resistance on a break-retest technical pattern. Sellers will want to push prices below the immediate support Zone and hold below the 50-day MA before they take the hand. The 200-period 1H MA is starting to edge lower, which could support further a break below. One thing however is that before the range breaks, the probabilities are higher for it to hold – Which was the case even for USDJPY for example as every participant was shouting about the weakness in the Yen. In the absence of catalysts and better or worse growth/trade tariffs prospects, it seems that the path is still rangebound but bulls will have to hold the support zone where prices are currently trading. To help you trade ranges, you can take a look at this piece I wrote almost two months ago! Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

A provocative post from crypto commentator Vincent Van Code suggests that Bitcoin was simply the experiment, while XRP represents the final form of money. In a detailed post on the social media platform X, Van Code outlined his theory, suggesting that XRP’s limitless liquidity design makes it far better for global finance than Bitcoin’s fixed-supply model. Bitcoin Changed Everything, But Isn’t the Final Stop Bitcoin introduced the world to the concept of decentralized digital currency with a limited supply. It broke away from traditional finance by removing the authority of banks and creating a decentralized system. The idea that money could exist entirely in digital form, without government backing, took hold through Bitcoin after its launch in 2009. It inspired millions and laid the foundation for what would become the crypto industry as we know it today. However, Van Code suggests that Bitcoin’s structure, which is built around scarcity, slow transaction speed, and high fees, ultimately limits its utility. According to him, Bitcoin served a psychological function: getting people used to the concept of intangible, value-agreed money. But its design was never meant to scale into a truly global liquidity solution. “It rewards hoarding, not utility,” he said. He likened Bitcoin to a necessary first step: a proof-of-concept to prove digital scarcity has value and introduce decentralized finance. However, it’s slow, it’s expensive, and it can’t scale to global liquidity. As such, Van Code noted that perhaps Bitcoin was destined to be replaced by something more adaptable, something that serves not as a store of value but as a mechanism to move value. XRP Is The End Game Vincent Van Code’s argument is based on XRP’s design as a liquidity engine engineered for quick, trust-based exchange and not a speculative asset. He compared it to old barter systems that later adopted pine nuts as a unit of exchange. The pine nuts were not intrinsically valuable, but their universally accepted role allowed trade to flourish. The same principle applies to XRP. Its value lies not in what it’s backed by but in the global agreement that it can be trusted, even if only for a few seconds, to move value between parties efficiently. Unlike Bitcoin, XRP does not depend on its very low supply for its use case. Instead, it acts as a neutral bridge. It’s a digital pine nut with the capacity to become an infinite liquidity engine, assuming global agreement. If the world were to agree that each XRP was worth $10,000, then that agreement alone would make it so. At the time of writing, Bitcoin is trading around $117,890 after peaking at an all-time high of $122,838 on July 14. The flagship cryptocurrency is now in a state of consolidation. Bitcoin bulls continue to project new highs, but its immediate momentum has slowed down. XRP, meanwhile, is also consolidating just below its recent all-time high of $3.65 on July 18. At the time of writing, XRP is trading at $3.44. It has experienced a pullback but is still within range of new price peaks.

Ethereum is undergoing its first notable pullback after an explosive rally that took the price from $2,500 to $3,800 in less than three weeks. Despite this cooldown, bulls remain in control, with ETH holding firm above the $3,600 level—a key support zone now acting as the base for potential consolidation. The market appears to be digesting recent gains, with signs that Ethereum’s strength could be far from over. On-chain data from Sentora adds to the bullish outlook. Last week, Ethereum saw the highest weekly volume of large transactions since 2021. This surge in big-money activity signals rising interest from institutional players and large investors, even amid short-term volatility. With legal clarity in the US improving and Ethereum fundamentals strengthening, the current pause may be setting the stage for another leg higher. Whether this consolidation lasts days or weeks, the elevated on-chain activity suggests Ethereum’s ecosystem is heating up again, with major players positioning for the next move. Institutions Rotate From BTC Into Ethereum Sentora data confirms a major shift underway: big-money Ethereum is back. Last week, on-chain transfers over $100,000 totaled more than $100 billion—the highest weekly volume since 2021. This spike in high-value transfers reflects renewed institutional interest, reinforcing Ethereum’s role as the leading altcoin amid evolving market dynamics. The timing of this surge is critical. Ethereum’s price has rallied aggressively from $2,500 to $3,800 in a matter of weeks, and institutional capital appears to be rotating from Bitcoin into ETH. While Bitcoin remains in a tight consolidation range just below its all-time high, Ethereum’s upside momentum and on-chain strength suggest it may now be leading the charge. This rotation has sparked discussions about the beginning of “Ethereum season,” a pattern seen in previous market cycles when ETH outperforms BTC and capital begins to flow into the broader altcoin market. Some analysts believe this could mark the early stages of a long-awaited altseason. Historically, Ethereum leads such phases, acting as the gateway for investors to explore high-beta assets across the crypto ecosystem. If ETH maintains current strength and breaks above the $4,000 level, it could trigger a broader market expansion. ETH Price Holds Above Key Support After Parabolic Rally Ethereum is undergoing its first meaningful pullback since beginning a powerful surge from the $2,500 region in early July. After reaching a local high of $3,801, ETH is now trading around $3,662, down approximately 2.7% on the day. Despite the minor correction, the overall structure remains bullish. The current price sits above the $3,600 zone, a level that now acts as key short-term support. Volume has slightly decreased during this pullback, suggesting that selling pressure remains relatively controlled. ETH is still trading well above its 50-day, 100-day, and 200-day moving averages, reinforcing the strength of the uptrend. The next major resistance lies around $3,800–$3,850, which aligns with previous peaks seen in early 2024. A successful consolidation above $3,600 could provide the foundation for a new leg higher toward the $4,000 mark. However, failure to hold this support level might trigger a retest of the $3,450–$3,500 area, followed by stronger support around $3,000 and the $2,850 breakout zone. Featured image from Dall-E, chart from TradingView

Most Read: Gold's (XAU/USD) Price Forecast: Will Gold Gain Acceptance Above the $3400/oz Handle? Bitcoin (BTC/USD) is still consolidating below the key 120k level but a triangle breakout may lead to fresh all-time highs. The world's largest cryptocurrency has broken above the triangle pattern on the H4 chart which could be the start of the next leg to the upside. Bitcoin did break below the 50 neutral level on the RSI period 14 yesterday before breaking back above immediately which could be a sign that momentum remains with the bulls. Looking for potential targets following a triangle breakout, traders typically use a simple method to set a price target: Measure the Base: Find the widest part of the triangle. This is the vertical distance between the highest and lowest points at the beginning of the triangle formation.Project from Breakout:For an upside breakout (price breaks above the top trendline): Take the measured height of the triangle's base and add it to the price level where the breakout occurred.For a downside breakout (price breaks below the bottom trendline): Take the measured height of the triangle's base and subtract it from the price level where the breakout occurred.This projected price is your potential target. It's important to also look for increased trading volume to confirm the breakout and consider placing a stop-loss order to manage risk in case of a false breakout. With this in mind, a potential target rests around the 126200 handle. Bitcoin (BTC/USD) Daily Chart, July 22, 2025 Source: TradingView.com (click to enlarge) Bitcoin ETF Breaks 12-Day Inflow Streak The only concern at present may come from spot Bitcoin ETFS, which saw 131.35 million in outflows on Monday. This brought a 12-day inflow streak to an end which brought in as much as $6.6 billion. The biggest outflow came from ARK Invest’s ARKB, which lost $77.46 million in one day. Grayscale’s GBTC followed with $36.75 million in outflows, and Fidelity’s FBTC saw $12.75 million withdrawn, according to SoSoValue. Bitwise’s BITB and VanEck’s HODL had smaller outflows of $1.91 million and $2.48 million. BlackRock’s IBIT, the largest fund with $86.16 billion in assets, had no changes in inflows or outflows. Despite these outflows, total net inflows remain strong at $54.62 billion, and all spot Bitcoin ETFs combined hold $151.60 billion in assets, making up 6.52% of Bitcoin’s total market value. Source: Farside Investors If outflows do continue then this could hinder a potential rally toward the 126200 area. Another factor to consider could be potential profit taking and rebalancing by institutions following the recent all-time highs. Client Sentiment Data - Bitcoin (BTC/USD) Looking at OANDA client sentiment data, the majority of traders are long on Bitcoin with 97% of traders net-long. I prefer to take a contrarian view toward crowd sentiment, thus the fact that 97% of traders are net-long suggests a deeper pullback may be in play in the near-term. Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Centerra Gold (TSX: CG) (NYSE: CGAU) continued its series of investments in Canadian-based gold juniors on Tuesday, this time with the acquisition of a 9.9% stake in Midland Exploration (TSXV: MD). The share acquisition is part of a private placement Midland arranged with institutional investors. Under the offering, the company will sell approximately 3.18 million shares at a near market price of C$0.33 per share, for gross proceeds of C$1.05 million. Centerra is expected to participate in this offering. Additionally, Midland is looking to sell 10.65 million shares at a higher price of C$4.75 each in a separate offering, for approximate proceeds of C$5.06 million. By midday, the stock traded 4.6% higher at C$0.34 apiece, giving the Quebec-focused gold explorer a market capitalization of just over C$31.8 million. “This placement will provide Midland with sufficient funds to ensure the progress and development of our wholly owned gold exploration projects in Abitibi, James Bay and northern Quebec,” Midland Exploration CEO Gino Roger stated in a press release. The company currently holds a large portfolio of properties across these regions, with a focus on establishing joint ventures with established miners. To date, it has secured partnerships with global leaders BHP and Rio Tinto, as well as Canadian household names like Agnico Eagle and Wallbridge Mining. Centerra investment spree Upon completion of the private placements, Centerra — one of the largest gold miners in Canada — is expected to become a 9.9% shareholder in Midland. Midland would join a list of other junior explorers holding gold properties across the country that Centerra has invested in over the past year. These include Kenorland Minerals (TSXV: KLD), Ontario-focused Dryden Gold (TSXV: DRY), British Columbia-focused Thesis Gold (TSXV: TAU) and Quebec’s Azimut Exploration (TSXV: AZM), all with a 9.9% stake. The Toronto-headquartered miner currently owns two producing mines, Mount Milligan in British Columbia, Canada, and Öksüt in Türkiye. It also owns several development assets, including the Kemess project in BC and the Goldfield project in Nevada.

Equinox Gold (TSX: EQX; NYSE-A: EQX) promoted chief operating officer Darren Hall to the post of CEO to replace founding shareholder Greg Smith, who is stepping down. Hall, a 40-year industry veteran, served as Calibre Mining’s (TSX: CXB) CEO from 2021 until its acquisition by Equinox. The C$2.56 billion ($1.83 billion) transaction closed last month, turning Equinox into Canada’s second-largest gold producer after Agnico-Eagle Mines (NYSE, TSX: AEM). The management change is effective immediately. David Schummer, Calibre’s former operations chief, will take up the same role at Equinox, according to a statement issued Tuesday. Schummer has over 35 years of mining industry experience working in the US, Canada, Peru, Indonesia, West Africa and the Middle East, including 22 years at Newmont (TSX: NGT; NYSE: NEM). “We view the announcement as positive for Equinox shares, given Darren’s successful track record and execution in prior ventures, and expect investors to be incrementally more constructive on the transition,” Scotia Capital mining analyst Ovais Habib said in a note. The stock “relies heavily on the execution of Equinox’s Canadian assets over the near term.” Boosted production As Calibre’s CEO, Hall significantly boosted production and lowered costs, delivering free cash flow and transforming the miner into a high-performing multi-asset gold producer. He previously ran operations at both Kirkland Lake Gold and Newmarket Gold and earlier spent nearly three decades with Newmont in a series of progressively senior roles. In a note Tuesday, BMO Capital Markets analyst Kevin O’Halloran called him “a proven operator.” Hall inherits a Canadian mining powerhouse with operations in the US, Brazil, Nicaragua, Mexico and Canada. Both its Canadian mines are low-cost assets – Equinox’s Greenstone property in Ontario and Calibre’s Valentine mine in Newfoundland and Labrador. Greenstone, one of the country’s largest open-pit mines, achieved commercial production in November. Valentine, meanwhile, is nearing construction completion, with first gold pour targeted for the end of this quarter. “This leadership transition marks Equinox Gold’s evolution from a high-growth consolidator to a top-tier global gold producer, anchored by Greenstone and Valentine, both high-quality, long-life assets,” Hall said. “Our focus will be on disciplined execution, operational excellence, and delivering consistent, reliable performance as we enter this next phase of growth and optimization, building on the solid foundations Greg and his team have established.” Potential divestment Under the new CEO’s leadership, Equinox will probably look at “optimizing its asset portfolio by divesting of potentially non-core assets in Latin America or elsewhere,” Scotia’s Habib said. Greenstone and Valentine are expected to represent almost half of Equinox’s 2026 estimated gold output and all of its production growth this year and next, the analyst added. With Calibre in the fold, Equinox has seven production complexes and five expansion or development projects. Chairman Ross Beaty said in June that the company would streamline operations, but stopped short of naming divestments. Vancouver-based Equinox last month cut its full-year production outlook while boosting its cost guidance to reflect a slower-than-expected ramp-up at Greenstone and lower output in the US and Brazil. Pro forma 2025 gold production is now expected at 785,000-915,000 oz., Equinox said June 11, about 10% less than the previous combined guidance would have been. Total cash costs this year will be $1,400-1,500 per oz., including $1,460-$1,560 for the Equinox mines alone – 34% higher than the company’s previous target. Smith, who helped to create Equinox in 2017, was appointed CEO in 2022. His “leadership and strategic vision have been instrumental in growing the company from concept into the multi-asset, multi-billion-dollar gold producer it is today,” Beaty said in the statement. Equinox rose 0.3% to C$8.87 in Toronto Tuesday afternoon, giving the company a market capitalization of about C$6.7 billion. The stock has traded between C$6.18 and C$10.35 in the past year.