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

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

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

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

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

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

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

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

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

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

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

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

Log in to today's session recap for the July 11, 2025. Cryptocurrencies captured the attention from Markets in today's session at the cost of global Equity Indices. Yesterday afternoon saw the huge rise in Bitcoin and Ethereum that dragged upwards all digital assets, as markets failed to correct in the previous months despite war fears and equities taking the podium in the end of June. This gives sensations of more outflows from the Traditional global and US assets as market participants price in gradually some mess-ups from expansionary fiscal and monetary policies by G7 Central Banks and Governments, particularly since the Covid Stimulus period. Global trade outlooks start to be a concern again, with Trump's tariffs making daily headlines and this is starting to impede on the past few weeks of ecstatic sentiment. Energy commodities and Metals have also performed well in today's session, with petroleum-linked products rising between 1% to 3% (WTI up 3.15%), and metals continuing their run higher. A fiat Currency-debasing theme could be in play, even though it has been a fantasy for market players since the new Millenium; We are far from 1970's hyperinflation standards that would be confirming further this hypothesis. Orange Juice, up above 10% today, has also seen a few sessions of squeezes (pun intended) amid some supply fears. Apart from that, Canadian Employment expected unchanged came out with a huge beat (88k vs 0 exp), but the rise hasn't bolstered the CAD too much due to the latest 35% tariff menances from the Trump Administration Read More: Gold finds some bids in the latest US Dollar outflows close For all Market moving events, check the MarketPulse Economic Calendar For all Market moving events, check the MarketPulse Economic Calendar Markets will focus on Asia-Pacific, mostly Chinese data on Sunday evening and Monday, as occidental markets will be patiently waiting for Tuesday's US CPI. Still for global Macro, stay in touch for weekend tariff headlines. Also do not forget that Monday's G20 meeting will be starting in Johannesburg, South Africa. Safe Trades and good weekend! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Ethereum just broke above the critical $3,000 level, marking a major technical milestone after surging over 20% since Tuesday. This decisive breakout signals renewed strength in the second-largest cryptocurrency, with bulls reclaiming control after weeks of tight consolidation. The move is reigniting interest across the broader altcoin market, which had remained relatively muted during Bitcoin’s recent rally to all-time highs. Now, with ETH leading the charge, many altcoins are showing signs of reversal and upward momentum. According to top analyst Ted Pillows, a key factor behind Ethereum’s rally is the large concentration of liquidity resting just above the $3,000 mark. Once Ethereum cleared the $2,850 resistance, momentum rapidly accelerated, driving price through the $3,000 level and into a new range of opportunity. This rally comes amid a broader shift in market sentiment. As Bitcoin sets record highs, Ethereum and other altcoins appear poised to catch up. The big question now: can ETH maintain this level and lead a full altcoin season, or is this just a temporary breakout before another round of consolidation? Ethereum Breaks Out Of Consolidation Range Ethereum has spent the last several weeks consolidating within a clearly defined range that began in early May. The altcoin hovered between support around $2,800 and resistance just below $3,000, with multiple failed attempts to break above. That changed yesterday. ETH finally closed above this key resistance, signaling a potential breakout and confirming the start of a new bullish phase. This move comes as broader macroeconomic conditions improve. Strong labor market data in the US, alongside signs of de-escalation in several global conflicts, have helped reduce uncertainty and reignite risk appetite across financial markets. With Bitcoin reaching new highs and risk-on sentiment returning, Ethereum’s breakout may signal the next wave of upside for altcoins. Top analyst Ted Pillows highlighted a key technical factor: “ETH liquidity is lying above $3,000 — and liquidity is a magnet.” This means that large clusters of buy and stop orders are concentrated above this level, attracting price movement toward those zones. Now that Ethereum has broken past resistance, the presence of high liquidity could accelerate its move upward as traders chase momentum. The breakout also holds symbolic weight. It shows that investors are regaining confidence in Ethereum’s value proposition, particularly with the broader altcoin market showing signs of life. If ETH can hold this breakout and establish $3,000 as new support, the next leg higher could materialize quickly, opening the door to targets in the $3,400–$3,600 range. ETH Breaks Major Resistance Ethereum (ETH) has decisively broken above the psychological and technical resistance at $3,000, closing its most recent candle at $3,008.97. This breakout follows a strong 15% daily surge, as seen in the chart, marking a powerful move backed by growing bullish momentum. Volume has expanded significantly, confirming trader conviction and institutional participation in this move. The breakout puts an end to nearly two months of sideways action, with ETH previously locked between the $2,500–$2,850 range. The 200-day simple moving average (SMA), currently near $2,796, was breached with strength, acting as a springboard for price acceleration. The reclaim of this moving average adds technical validation to the breakout and signals the beginning of a new bullish leg. ETH is now in a key zone for potential continuation. As long as bulls defend the $2,850–$2,900 level as support, Ethereum has room to rally toward $3,400 and beyond. With Bitcoin trading at all-time highs and macro conditions turning favorable for risk assets, ETH could lead the next wave of altcoin expansion. Featured image from Dall-E, chart from TradingView

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

Gold had been struggling in the past few weeks, particularly since Israel-Iran war-induced Risk-off moves failed to bring the precious metal to new all-time highs. However, the Bullion hasn't retracted majorly from its elevated levels, still up around 28.60% in 2025 despite being about $200 from its ATH price – A sign of resilience. Last week's bearish formation got met with a renewed breakout taking Gold up 2% from its 3,284 lows – New tariff announcements with the infamous Trump Letters is creating further uncertainty, leading to more outflows from US exposure. US Stocks are down on the session, US Treasuries are once again downtrending since July 1st , Cryptocurrencies are up, and only the USD is retracing upwards but without much strength. Let's take a look at Gold charts to spot what technicals are implying about the demand for the metal. Read More: Dow Jones update as markets prepare for the upcoming US CPI Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

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

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

Week in review: Tariff Uncertainty Drags On Read More: S&P 500, Dow Jones Q3 Outlook: Tariffs, Tech, and Small Cap Concerns The July 9 tariff deadline has come and gone and market participants are still left with a lot of questions. Trade deals have begun to filter through but the majority of countries are still locked in negotiations with the US as the tariff implementation date of August 1 beckons. close Source:TradingView.Com (click to enlarge) Source:TradingView.Com (click to enlarge) Key Levels to Consider: Support 333733253300Resistance 337534003425Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

SUI is positioned for further upside, and backed by technical momentum and solid volume support. However, maintaining the price above the key moving averages will be crucial for the continuation of this bullish run. Volume Spikes Confirm Breakout Strength According to Gemxbt’s post on X, the SUI 1-hour chart is showing a strong uptrend, with the price trading above the 5, 10, and 20-day moving averages, which is a sign of short-term momentum and sustained buyer strength. The Relative Strength Index (RSI) is approaching overbought territory, which warns of a potential short-term pullback and suggests that traders should be cautious of a temporary pause as the market digests recent gains. Meanwhile, the Moving Average Convergence Divergence (MACD) is bullish with a widening gap between the MACD line and the signal line. This expansion often precedes continuation in trending markets and confirms that momentum is accelerating. Trading volume has increased notably alongside price movement. The rising volume during an uptrend suggests that the move is a genuine market participation. Analyst LORD ATU also stated that SUI is trading at $2.90 on the daily chart, with a solid 9.69% weekly gain, and showing clear signs of bullish momentum. The price action falling wedge pattern is typically a bullish continuation signal with a potential target at $3.20, and if confirmed with volume, a breakout will follow through. However, a bearish head and shoulders formation is also beginning to emerge, which is signaling a potential drop toward the $2.30 support zone, which is a level of prior structure and support. LORD ATU noted that the key levels to watch out for are the support at $2.88, which is a crucial short-term floor that must hold to maintain the uptrend, and resistance at $3.15, where a clear break could trigger momentum higher. The SUI ecosystem growth looks strong, with increasing development activity and solid fundamentals. However, an upcoming token unlock could introduce fresh supply pressure and volatility. Momentum Accelerates After Consolidation Phase Another Analyst, Profit Demon, also mentioned on X that SUI has completed a bullish flag pattern breakout on the 3-day chart, which is signaling a shift in market sentiment after a period of consolidation. This continuation pattern often marks the end of sideways movement and the resumption of an existing uptrend. The upward momentum is building after the consolidation phase, which supports the increased buying interest and favorable market conditions. SUI trading at $3.51 on the daily chart | Source: SUIUSDT on Tradingview.com

Silver jumped to a near 14-year high Friday amid signs of a short squeeze on the precious metal in the London market that led to a surge in US premiums. Spot silver rose as much as 3% to $38.34 per ounce, the highest since September 2011. US silver futures climbed even higher at nearly 4%, with September contracts touching an intraday high of $39 an ounce. Silver is closing in on the $40/oz. mark Such a wide price gap between the two major markets is unusual, as it is typically eliminated quickly through arbitrage. Earlier this year, silver experienced a similar price dislocation amid speculation of US tariffs on precious metals. That arbitrage opportunity also pushed leases up, as traders looked to secure metal for shipment to COMEX-linked warehouses in New York. However, the rush to move silver ended quickly once the White House exempted bullion from the levies. Higher lease rates normally indicate a tightening market. On Friday, the implied annualized one-month borrowing costs for silver in London jumped to approximately 4.5%, well above the typical near-zero rate. Most of the silver in London is held by exchange-traded funds (ETFs), meaning it is not available to lend or buy. The metal has recently been bolstered by solid inflows into ETFs, with holdings up by 1.1 million ounces on Thursday, according to data compiled by Bloomberg. Daniel Ghali of TD Securities has argued that the outflow of silver caused by the tariff arbitrage opportunity has left inventories of freely available silver in the market critically low. “Our estimates of LBMA silver’s free-float now stands at its lowest levels in recorded history,” Ghali wrote in a note Thursday. “Silver’s illusion of liquidity tells us that silver markets will only rebalance through some form of a squeeze on physical.” Silver has risen 27% this year, with gains recently outpacing its sister metal gold. Silver has a dual character, valued both for its uses as a store of value and an industrial input. Due to its importance in clean energy technologies, in particular solar panels, demand for silver is expected to remain strong in the coming years, with the market facing another year in deficit, according to industry group the Silver Institute. (With files from Bloomberg)

Equity Markets have been fluctuating in the past week, and this has concerned the Dow Jones even more than the more properly trending Nasdaq and S&P 500, which have been making all-time highs almost every day or two since the end of the Israel-Iran war. The picture in Equities is red throughout the globe as more tariff uncertainty gets into the bullish sentiment – Don't forget that the TACO Trade has been the ongoing theme, outshining Tariff Fears, which may be making a comeback. One aspect that the market has been examining is why the Dow Jones has been lagging against its major index counterparts. The more tech-focused Nasdaq and S&P are being dragged up by the Magnificent 5, an ongoing trend since the 2022 Bear Market Lows, particularly with NVDA attaining a $4T market cap this week. However, the broader, industrial-focused Dow shows a clearer picture of the overall market: The economy is doing more than fine (US 30 dawdling very close to its ATH). However, uncertainties on the future US outlook are high, preventing a straightforward risk-on sentiment throughout all indices. Markets are notably preparing for Tuesday’s US CPI data (exp +0.3%), where hopes are always high for a further pushback of stagflationary US Tariff fears. With the latest August 1st tariff extension, it won't be easy to know their impact in the coming weeks. Read More: Intraday Crypto chart analysis as major Coins soar across the board 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 crypto market has been on a tear in 2025, and the latest 99Bitcoins Q2 State of Crypto Market Report, authored by Manisha Mishra and sponsored by KCEX, lays it all out. The quarter saw institutional demand surge, Bitcoin ($BTC) hit a then-ATH of $111,980, and crypto hiring spike 753%. Despite the rally, the total market cap was still 12% below its $3.7 trillion peak, hinting at room to run. With stablecoin adoption booming and long-term holders stacking, Q2 may have been the real start of this cycle’s breakout. Read the full report here: State of Crypto Q2 2025 – 99Bitcoins A Record-Breaking Quarter for Bitcoin Bitcoin lit up Q2 with a 25.66% gain, smashing past resistance to hit a then-record $111,980 on May 22. That put it well ahead of gold’s 7.21% rise and most equity indices, marking a sharp reversal from Q1’s pullback. According to 99Bitcoins’ Q2 report, the rally was driven by institutional inflows, ETF demand, and growing sovereign interest, with governments now holding 2.5% of Bitcoin’s total supply. Meanwhile, spot ETF flows consistently outpaced miner issuance, tightening supply just as demand surged. Chris Wright of 21Shares summed it up: “We believe that Bitcoin ETFs will attract 50% more inflows this year compared to last year. This would result in net inflows of approximately $55 billion in 2025, representing an increase of around $20 billion year-over-year.” A golden cross in late May confirmed the uptrend, following a clean breakout from months of consolidation. It’s a textbook bullish structure. With price action and fundamentals in sync, Q2 marked the clearest shift yet: Bitcoin is back, but powered by institutions, not retail. Institutions Took the Wheel, Retail Turned to Altcoins According to the 99Bitcoins report, this bull run has a different driver behind the wheel. And it’s not Reddit. 9 out of 10 experts interviewed in the Q2 report said retail traders have shifted their focus to the best altcoins, chasing faster gains while institutions quietly accumulated Bitcoin. The on-chain data backs it up. Glassnode shows that 30% of $BTC’s supply is now held by centralized entities, with large players dominating inflows. Meanwhile, Google Trends reveals that retail interest in “Bitcoin” searches stayed surprisingly low throughout Q2, even as $BTC hit new highs. Confidence among long-term holders also climbed. UTXO activity dropped, and the amount of BTC in long-term storage kept rising. A sign that serious capital isn’t looking to sell anytime soon. Stablecoins and DeFi Picked Up Steam If Q2 proved anything, it’s that stablecoins aren’t just stable, they’re also scaling. The Circle IPO popped 168% on day one, marking the first stablecoin issuer to go public and signaling TradFi’s growing appetite for crypto exposure without the volatility. According to 99Bitcoins, 81% of crypto-aware SMBs now want to use stablecoins for daily ops, and the number of Fortune 500s planning to integrate them has tripled since last year. On the DeFi side, Ethereum ($ETH) held L1 dominance, Chainlink ($LINK) led dev activity, and $HYPE – the native token of Hyperliquid – saw serious traction, fueled by the DEX’s rise to 70%+ of all perp DEX volume. While others chased memes, HYPE rallied on actual utility. In short: DeFi’s still cooking, and stablecoins are fueling the fire. Memecoin Mayhem After tanking in Q1, the memecoin market bounced back slightly in Q2, though volatility stayed extreme and price action remained erratic. Q2 saw the meme coins hit new heights, with over 5.9 million new tokens launched and most of them churned out via pump.fun. It was chaotic, noisy, and pure degen energy. While most faded instantly, tokens like $FARTCOIN and $SPX kept riding the wave. That said, the surge in token activity came with a dark side: phishing and wallet-targeted hacks climbed, especially among memecoin holders. Regulatory Wins and Macro Shifts Driving Confidence If Q2 had a theme, it was relief on both the policy and economic fronts. The U.S. pulled back on crypto enforcement, scrapped IRS reporting rules for DeFi, and signaled a more constructive stance overall. Meanwhile, the Fed held rates steady for the fourth straight time, hinting at a possible cut in July. With unemployment flat and growth slowing, capital started flowing into safe-haven assets, and this time, Bitcoin was firmly on that list. The result? Confidence surged. Bitcoin ETF inflows accelerated, volatility dropped, and $BTC’s macro narrative strengthened. It’s no longer just a risk asset; it’s becoming part of the defensive playbook. Elsewhere, $XRP finally closed its long-running legal battle with the SEC, potentially clearing the runway for a new ATH later this year. What’s Next for Q3? Back in Q2, 99Bitcoins forecasted that if BTC could flip $111K–$112K resistance, the path to $120K would open, with $135K as a stretch target. Fast forward to now, and that prediction is aging well: Bitcoin is already trading at above $118K, edging toward that psychological milestone. The report also noted $BTC was holding firm above $103K support, forming a bullish structure backed by rising miner wallet balances, shrinking exchange reserves, and growing illiquid supply – all signs of confidence from long-term holders. Still, Q3 isn’t without risk. ETF inflows could slow, and macro headwinds, from global conflict to sudden rate hikes, remain on the radar. But if institutional flows stay hot and the Fed delivers a rate cut, $135K no longer feels like a moonshot. It’s just part of the next leg up. Final Thoughts: A Bull Market With Depth The 99Bitcoins Q2 report by Manisha Mishra paints a clear picture: this bull market isn’t built on retail hype. Institutions, regulatory tailwinds, and real product traction are powering it. From ETF inflows to stablecoin adoption and supply-side tightening, the signals all point toward a more mature, resilient crypto cycle. And with Bitcoin already pushing towards $120K, many of the Q2 projections are already playing out. If momentum holds, and macro conditions don’t throw a curveball, Q4 could be the real breakout. Read the full report here: State of Crypto Q2 2025 – 99Bitcoins This article is for informational purposes only and does not constitute financial advice. Please always do your own research (DYOR) before investing in crypto.

Ivanhoe Mines (TSX: IVN) founder and billionaire Robert Friedland has backed US President Donald Trump’s plans to impose a new copper tariff starting August 1, calling it essential for building a domestic copper industry. Once known mainly for its role in construction and wiring, copper has become a critical mineral due to its importance in defence, electronics, and electric vehicles. Friedland said the tariff will “wake people up” to America’s vulnerability in key supply chains. “There’s a new list of critical raw materials and without it, you can’t do anything about global warming or greening the world economy and you have a critical vulnerability in national security,” Friedland told the Financial Times. “I commend the Trump administration for doing what’s obvious and intelligent — America needs to produce the metal”. In anticipation of the tariffs, US importers have rushed to stockpile copper. Between January and April 2025, they imported 461,000 tonnes of copper, or 232,000 and 148,000 tonnes more than the same periods in 2024 and 2023, respectively. Copper prices soared this week on the tariff announcement, but analysts expect prices outside the US to drop as major exporters like Chile, the world’s top copper producer and the largest copper supplier to the US, redirect shipments to other markets. “The US does not have nearly enough mine, smelter or refinery capacity to be self-sufficient in copper,” Jefferies LLC analysts including Christopher LaFemina wrote this week. “Import tariffs are likely to lead to continued significant price premiums in the US relative to other regions.” Speeding up permitting The Trump administration has sought to streamline permitting for mining and drilling on public lands. Timelines that once stretched one to two years have reportedly been shortened to as little as up “to 28 days at most”. Still, building a new mine takes an average of nearly 29 years. This positions the US as the second-longest lead time in the world after Zambia, according to S&P Global. “The longer-term aim of the Trump administration may be for the US to be fully self-sufficient in copper, but mines take too long to develop for this to be achieved in less than a 10-year time horizon,” Jefferies analysts wrote. Copper has become a symbol of the US struggle to bring new mining projects online. Major projects such as Rio Tinto’s Resolution in Arizona, Northern Dynasty Pebble project in Alaska and Antofagasta’s Twin Metals in Minnesota have all stalled for years in the federal permitting process. Friedland’s US-focused Ivanhoe Electric (TSX, NYSE: IE) also plans to develop the Santa Cruz copper mine in Arizona.

Bitcoin’s price is holding firm despite growing chatter about the end of its market dominance. However, analysts are turning their attention not to Bitcoin’s price but to its waning market share as signs that altcoins may finally be ready to take center stage in what could become a full-blown altcoin season. A post on X has highlighted a specific breakdown structure in BTC dominance, which is linked to nine factors indicating that the altcoin season has begun. Technical Factors Showing Fall Of Bitcoin Dominance According to the analyst, Bitcoin dominance reached a peak of exactly 66% on June 27, 2025, a date he calls significant for its esoteric code 434 and its occurrence on a new moon. From a technical perspective, the 66% mark coincided precisely with the 0.786 Fibonacci retracement level, a region many traders consider a reversal zone. More importantly, several warning signals are flashing for Bitcoin traders. The analyst’s post on the social media platform X features a few price charts to emphasize how the Bitcoin dominance might be fading, alongside nine factors. From a purely technical lens, the dominance chart looks increasingly exhausted. The first factor is the most recent highest monthly RSI in the history of the Bitcoin dominance chart. This event has created an overbought condition, and the next outlook is a possible crash of the RSI. The MACD, in fact, has already crossed into bearish territory. Furthermore, the histogram has turned negative, and the faster line has moved below the slower one, which is a classic signal of an impending downtrend. Another interesting factor is that Bitcoin dominance has now broken a key diagonal support line that held firm through much of 2024 and 2025, which is another possible structural breakdown. Fundamental Factors Show Strong Rotation Into Altcoin Pairs While the technical picture is deteriorating, the fundamentals are also stacking in favor of altcoins very quickly. The first fundamental factor is the importance of upcoming altcoin spot ETFs, which have the possibility to redirect institutional flows from Bitcoin into Ethereum, XRP, and others. ETFs such as the Spot XRP, Dogecoin, and Solana ETFs could rapidly increase inflows into the rest of the crypto market, similar to how Spot Bitcoin ETFs caused massive inflows into Bitcoin. The analyst also highlighted the likelihood of upcoming U.S. Federal Reserve rate cuts, which would tilt market conditions in favor of altcoins over Bitcoin. Momentum has also begun to shift in some trading pairs, particularly XRP/BTC and ETH/BTC, both of which are showing reversal signs from critical levels. The XRP/BTC chart displays repeated failed attempts to break above 0.0000215 BTC, a horizontal resistance that has now been tested five times on the daily candlestick timeframe chart. At the time of writing, the XRP/BTC pair has returned to this level yet again, and based on this pattern, any clean breakout here could confirm a decisive rotation into XRP. Likewise, Ethereum has begun to recover from long-term oversold conditions when measured against Bitcoin. The rounded bottom pattern forming on the ETH/BTC weekly chart shows a reversal from undervaluation, which in past cycles has caused substantial gains for Ethereum relative to BTC.