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In today’s Asia session, the S&P 500 and Nasdaq 100 E-mini futures recorded intraday rallies of 0.5% and 0.6%, respectively, extending gains from Friday, 25 July’s record-high closes. The rally was driven by optimism following reports of a US-EU trade agreement that has eased global market tensions. US-EU avoid trade war with new tariff agreement Late Sunday, media reports confirmed that the European Union and the United States have reached a breakthrough trade agreement after months of strained negotiations. The deal, announced by President Trump and European Commission President Ursula von der Leyen, sets a 15% tariff on EU exports to the US that includes automobiles, down from the previously threatened 30%. Full details are still pending release. Nikkei slides amid political uncertainty in Japan Asia-Pacific markets showed mixed performances. Japan’s Nikkei 225 dropped 0.9% intraday for a second consecutive loss, weighed down by domestic political instability. Local reports suggest the Liberal Democratic Party is moving to initiate a parliamentary vote to replace Prime Minister Ishiba. US-China trade talks resume in Stockholm The third round of US-China trade negotiations begins today in Stockholm. According to the South China Morning Post, both nations are expected to agree on extending the current tariff pause by 90 days, pushing the deadline beyond 12 August and signaling ongoing diplomatic engagement. Hang Seng rebounds while Singapore market consolidates Hong Kong’s Hang Seng Index gained 0.5%, recovering from Friday’s losses. Meanwhile, Singapore’s Straits Times Index declined 0.3% for a second straight session as investors paused after an 11% rally since 23 June. Dollar recovers as euro reverses gains The US dollar regained earlier intraday losses triggered by the US-EU trade news. The euro erased a 0.2% gain and now trades flat, while the Japanese yen and Swiss franc declined 0.2% and 0.3% respectively, with yen weakness tied to local political developments. Gold rebounds slightly ahead of FOMC Gold (XAU/USD) edged up 0.1% intraday after a three-day slide. Traders remain cautious as they weigh trade deal optimism against anticipation of the upcoming FOMC meeting on 30 July. Market participants are watching for signs that Fed Chair Powell may pivot toward a more dovish stance, potentially setting up a rate cut at the September meeting. Economic data releases Fig 1: Key data for today’s Asia mid-session (Source: MarketPulse) Chart of the day – Bullish flag breakout for CHF/JPY Fig 2: CHF/JPY minor & medium-term trends as of 28 July 2025 (Source: TradingView) The CHF/JPY cross pair staged a minor bullish flag breakout last Friday, 25 July, with a positive follow-through in today’s Asia session. In addition, the hourly RSI momentum indicator has continued to hover above its 50 level and parallel ascending trendline support without hitting its overbought region (above 70) at this juncture. These observations suggest that minor corrective consolidation in place since 16 July is likely to have ended, and the CHF/JPY may be in the process of staging a potential fresh bullish impulsive up move sequence within its medium-term uptrend phase (see Fig 2). Watch the 185.10 short-term pivotal support for the next intermediate resistances to come in at 186.70, 187.30/187.70, and 188.80. On the flip side, a break below 185.10 negates the bullish tone for a slide to expose the next intermediate support at 183.90/183.45 (also the 20-day moving average). Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

After a tumultuous week, the Bitcoin price is starting to find its footing again, rising from major support around the $115,000 level. Currently, the pioneer cryptocurrency looks to be on the path of recovery and possibly moving toward new highs this week as momentum picks up. There is also the possibility of a coming short squeeze, as explained by crypto analyst Luca on X, using recent developments that show that the recent crash may have only been temporary. Bitcoin Shows Tendency To Cross $123,000 Again In an X post, Luca pointed to the Bitcoin market makers as the ones behind the recent price movements and that there was a reason for this. The initial move downward looked to be an attempt to flush out late longs as crypto traders tried to take advantage of the frenzy created by the new all-time highs. Then a reversal moved into the works, catching shorters unaware and sweeping liquidity at support levels. This comes as bears were pulled into a false sense of security, believing that the price would continue to decline before being hit with the move back up above $118,000, triggering hundreds of millions of dollars in liquidations. All of this is happening at a time when things like the Bitcoin funding rate were falling. Coinglass data shows the Bitcoin OI-Weighted Funding Rate had fallen briefly below 0.01% on Sunday after reaching as high as 0.0167% earlier in the week on July 23. Luca further revealed that the Bitcoin Premium metric had also fallen back into the negative. Another interesting fact was the fact that the open interest had shot up when the Bitcoin price had declined. Then, once the price began to recover, the open interest began to rise once again, and Luca interprets this as short positions starting to get squeezed. If this squeeze continues, then the Bitcoin price could spike very quickly, taking out tens of thousands of short positions with it. BTC Open Interest Tells A Story Of Exposure As the Bitcoin price has bounced between $115,000 and $120,000, the BTC open interest has barreled upwards in response. In fact, this metric sits at all-time high levels, shaking off the market uncertainty as crypto traders continue to open positions to bet on Bitcoin’s next move. The open interest had touched $87.89 billion back on July 15, and since then, it has averaged above $80 billion every day. Amid this, the Binance Long/Short ratio shows that shorters are currently dominating at 53.97% compared to 46.03% for long accounts. This lends credence to Luca’s expectations that the market could see a short squeeze to take out shorters and push the price to new all-time highs.

Wirehouse advisors are finding a new way to give clients a taste of Bitcoin and Ethereum without asking them to wrestle with private keys or new wallets. They’re pointing clients toward shares in companies like Strategy (MSTR) and Bitmine Immersion Technologies (BMNR). Those stocks hold or mine crypto directly, so owning a share is almost like owning a slice of Bitcoin or Ether itself. Treasury Stocks Offer Direct Crypto Exposure According to recent filings, Ark Invest bought about 4.4 million shares of BMNR, a position worth roughly $175 million. That move highlights how big investors view treasury stocks: they’re a familiar vehicle wrapped around digital assets. Strategy, for example, has nearly 200,000 BTC on its balance sheet. Bitmine runs mining rigs in Texas and Canada. By picking these stocks, clients get qualified audits, clear tax forms, and the usual oversight that comes with public companies. A Safer Bet For Investors Advisors consider that setup safer than telling clients to hold coins in a self‑custodied wallet. It also cuts through some of the more confusing bits of crypto taxes. Instead of a 1099‑B for every sale, you might only see a single line item covering gains or losses on your brokerage statement. A 1099-B is a tax form used in the US to report capital gains and losses from the sale of securities and other financial instruments. For many investors who still find blockchain a bit foreign, this route feels more like buying energy or software shares. Robinhood’s Bonus Spurs Transfers Beyond the equity route, Robinhood is trying its own trick to nudge people toward the broader crypto ecosystem. According to Ark Invest CEO Cathie Wood’s post on X, the platform now offers a 2% reward when users transfer crypto off Robinhood into their own wallets. That small boost can cover transaction fees, or even leave a bit of extra crypto in the user’s pocket. It’s an incentive to explore DeFi apps or staking services outside of Robinhood’s walls. The move tracks closely with Ethereum’s recent staking unlocks. As lockups on ETH expire, wallets are once again able to send tokens freely. Platforms want to capture that flow. By front‑loading a transfer credit, Robinhood hopes to win new users on the promise of more yield down the road. Featured image from Pexels, chart from TradingView

Solana started a fresh increase above the $188 zone. SOL price is now consolidating gains and might aim for more gains above the $200 zone. SOL price started a fresh upward move above the $180 and $185 levels against the US Dollar. The price is now trading above $188 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $190 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $200 resistance zone. Solana Price Gains Momentum Solana price started a decent increase after it found support near the $175 zone, like Bitcoin and Ethereum. SOL climbed above the $180 level to enter a short-term positive zone. The price even smashed the $185 resistance. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $206 swing high to the $175 low. There is also a key bullish trend line forming with support at $190 on the hourly chart of the SOL/USD pair. Solana is now trading above $190 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $195 level. It is close to the 61.8% Fib retracement level of the downward move from the $206 swing high to the $175 low. The next major resistance is near the $198 level. The main resistance could be $200. A successful close above the $200 resistance zone could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $225 level. Are Downsides Limited In SOL? If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $190 zone and the trend line. The first major support is near the $188 level. A break below the $188 level might send the price toward the $184 support zone. If there is a close below the $184 support, the price could decline toward the $175 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $190 and $188. Major Resistance Levels – $195 and $200.

XRP price started a fresh increase from the $2.950 zone. The price is now trading above $3.20 and might aim for more gains in the near term. XRP price started a fresh increase above the $3.20zone. The price is now trading above $3.220 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3.240 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $3.150 zone. XRP Price Eyes Fresh Rally XRP price started a fresh decline below the $3.250 support zone, underperforming Bitcoin and Ethereum. The price declined below the $3.20 and $3.050 support levels. The decline was such that the price traded below the $3.00 level. A low was formed at $2.959 and the price is now correcting losses. There was a move above the 23.6% Fib retracement level of the recent decline from the $3.650 swing high to the $2.959 low. Besides, there was a break above a key bearish trend line with resistance at $3.240 on the hourly chart of the XRP/USD pair. The price is now trading above $3.250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.30 level and the 50% Fib retracement level of the recent decline from the $3.650 swing high to the $2.959 low. The first major resistance is near the $3.3850 level. A clear move above the $3.3850 resistance might send the price toward the $3.450 resistance. Any more gains might send the price toward the $3.50 resistance or even $3.5120 in the near term. The next major hurdle for the bulls might be near the $3.650 zone. Another Drop? If XRP fails to clear the $3.30 resistance zone, it could start another decline. Initial support on the downside is near the $3.20 level. The next major support is near the $3.150 level. If there is a downside break and a close below the $3.150 level, the price might continue to decline toward the $3.050 support. The next major support sits near the $3.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.20 and $3.150. Major Resistance Levels – $3.30 and $3.3850.

Ethereum price started a fresh increase above the $3,800 zone. ETH is now showing positive signs and might soon aim for a move toward $4,000. Ethereum started a fresh increase above the $3,800 and $3,840 levels. The price is trading above $3,820 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,800 zone in the near term. Ethereum Price Starts Fresh Increase Ethereum price remained supported above the $3,600 level and started a fresh increase, like Bitcoin. ETH price traded above the $3,700 and $3,800 resistance levels. There was a move above the $3,850 level. The price tested the $3,900 zone. A high was formed at $3,904 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $3,515 swing low to the $3,904 high. Ethereum price is now trading above $3,820 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,800 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $3,900 level. The next key resistance is near the $3,920 level. The first major resistance is near the $3,950 level. A clear move above the $3,950 resistance might send the price toward the $4,000 resistance. An upside break above the $4,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,050 resistance zone or even $4,200 in the near term. Another Drop In ETH? If Ethereum fails to clear the $3,920 resistance, it could start a downside correction. Initial support on the downside is near the $3,820 level. The first major support sits near the $3,800 zone. A clear move below the $3,800 support might push the price toward the $3,750 support. Any more losses might send the price toward the $3,700 support level in the near term. The next key support sits at $3,640. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,800 Major Resistance Level – $3,920

Bitcoin price is eyeing a fresh increase above the $118,500 resistance. BTC must clear the $120,500 resistance zone to gain bullish momentum in the near term. Bitcoin started a fresh increase after it cleared the $118,500 zone. The price is trading above $118,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $118,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,500 resistance zone. Bitcoin Price Aims Key Upside Break Bitcoin price started a fresh increase from the $115,000 zone. BTC climbed above the $116,500 and $117,800 resistance levels to move into a positive zone. Besides, there was a break above a key bearish trend line with resistance at $118,300 on the hourly chart of the BTC/USD pair. The bulls were able to push the price above the $118,500 resistance. A high was formed at $119,795 and the pair is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $114,733 swing low to the $119,795 high. Bitcoin is now trading above $118,800 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 $120,000 level. The next resistance could be $120,500. A close above the $120,500 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 $120,500 resistance zone, it could start another decline. Immediate support is near the $118,600 level. The first major support is near the $117,800 level. The next support is now near the $117,250 zone or the 50% Fib retracement level of the upward move from the $114,733 swing low to the $119,795 high. Any more losses might send the price toward the $116,600 support in the near term. The main support sits at $115,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $118,600, followed by $117,250. Major Resistance Levels – $119,800 and $120,500.

A Bitcoin whale from the early 2010s, holding coins mined or acquired in Bitcoin’s infancy, recently awakened and sold 80,000 BTC. The sale was handled by Galaxy Digital, which executed the transfer of over 80,000 BTC (worth $9 billion) on behalf of this client, who is described as a “Satoshi-era” investor. Despite this massive sale and the volatility that came after, Bitcoin has managed to steady and the ensuing price action shows that bulls were more than prepared to absorb the sell shock. Bitcoin Dips To $115,000, Bulls Quickly Bought The Dip News of the $9 billion Bitcoin sale initially caused price volatility. Bitcoin’s price had recently been trading around $119,000, so the sudden influx of sell orders caused a short-lived pullback. On July 25, as reports of Galaxy’s whale sale spread, BTC/USD swiftly fell to around $114,000 to $115,000. The sheer size of 80,000 BTC (over 0.4% of total supply) hitting the market had the potential to trigger panic. Indeed, there were signs of profit-taking and higher exchange inflows in the days surrounding the sale. This, in turn, led to a 3.5% drop, which is one of Bitcoin’s steepest intraday dips in weeks, temporarily breaking below the $115,000 support level. However, it soon became clear that Bitcoin’s bulls were more than prepared to absorb the shock. The price decline bottomed out in mere hours. By the end of that same day, Bitcoin had rebounded above $117,000, and it was trading back in the mid-$117,000. This rapid recovery demonstrated remarkable liquidity and depth in the Bitcoin market. “80,000 BTC, over $9 billion, was sold into open market order books, and Bitcoin barely moved,” observed crypto analyst Joe Consorti, showing how quickly buyers stepped in to counter the selling pressure. Image From X: Joe Consorti Back in earlier years, a sell order of this magnitude could have triggered a double-digit percentage price crash. By contrast, the ecosystem in 2025 handled it with surprising ease. “The entire sale has been fully absorbed by the market,” noted Bitcoin analyst Jason Williams. What’s Next For Bitcoin Price? With the whale’s 80,000 BTC sale now largely in the rearview mirror, the next step is looking ahead to where Bitcoin might go from here. The fact that the market digested a $9 billion sell-off with only minor turbulence has many observers feeling even more bullish about Bitcoin’s trajectory. “We’re going so much higher,” Jason Williams noted. It’s a sentiment shared by several crypto analysts on X, who see the quick recovery as evidence of strong upward momentum. The consensus among bulls is that new all-time highs could be on the horizon in the coming months. Bitcoin already notched a record around $123,000 on July 14, but analysts are still calling for new highs above $130,000, $150,000, or even higher. At the time of writing, Bitcoin is trading at $118,063, up by 0.5% in the past 24 hours. Featured image from Unsplash, chart from TradingView

The price of Litecoin has been one of the brightest spots in the altcoin market over the past few weeks, jumping by more than 30% so far in the month of July. The LTC price, however, barely made a dent over the past week, mirroring the sluggish state of the crypto market in recent days. Nevertheless, the future still looks quite promising for Litecoin, with several analysts backing the cryptocurrency to embark on an extended rally over the next few months. In one such evaluation, a market expert on X has said that the price of LTC might be at the beginning of an upward rally. LTC Price Soared 11,900% Last Time This Happened In a July 26 post on the X platform, Chartered Market Technician (CMT) Tony Severino put forward an exciting prognosis for the price of Litecoin. According to the crypto expert, the altcoin appears on the verge of what might be a defining upward run in the coming months. This projection is based on the recent movements of the Litecoin Average Directional Index (ADX) on the monthly timeframe. Average Directional Index is an indicator used in technical analysis to determine the strength of an asset’s price trend. The ADX indicator evaluates the strength of a price trend by measuring the degree of directional movement. These calculations are based on a moving average of price range expansion and contraction within a given timeframe. Typically, when the Average Directional Index is below 20, it implies that the market is consolidating or moving sideways. However, when ADX moves between 20 and 25, it signals that a trend might be forming for the asset. Meanwhile, when the ADX rises above 25, it confirms the formation of a strong trend. Severino noted that the Average Directional Index on the Litecoin monthly timeframe is now above 20, meaning that a trend is forming. Meanwhile, the positive Directional Indicator (DI+) found a support cushion at the ADX line and is now rising. This trend is similar to the one seen in 2017, where the ADX also crossed above the 20 mark and offered support to the DI+ (green line). This phenomenon was followed by a rally that saw the Litecoin price travel from around $3 to as high as $360 (an astounding 11,900% rally). Hence, the price of Litecoin could confirm the start of a strong rally if the ADX keeps rising and eventually sustainably breaches the 25 threshold Litecoin Price At A Glance As of this writing, the price of LTC stands at around $114.61, reflecting an over 1% increase in the past 24 hours.

Top market analyst Ali Martinez has shared on-chain data that tips Bitcoin to reach a $130,000 valuation, albeit on one condition. This bullish price prediction comes following a slight 2.6% price rebound over the past two days, pushing Bitcoin within the $118,000 price range. $110K Emerges As Crucial Bitcoin Support Zone – Here’s Why In an X post on July 26, Ali Martinez postulates that Bitcoin may be on track for a significant leg higher based on recent data from the MVRV pricing bands by Glassnode. However, the premier cryptocurrency must avoid losing a certain support zone to prevent an invalidation of this bullish thesis. The MVRV bands, derived from Market Value to Realized Value (MVRV) ratios, help visualize when Bitcoin is either overvalued or undervalued relative to its historical realized price. These bands function like Bollinger Bands but are grounded in on-chain fundamentals, tracking statistical deviations around the mean MVRV value. As of July 23, 2025, Bitcoin was trading at approximately $118,782, following a steady climb over recent weeks. According to the MVRV pricing model, the cryptocurrency was hovering just beneath the +1.0σ deviation band, marked at $130,756, representing the next major price resistance and target. Notably, the +1.0σ band is also interpreted as a key zone of extreme market optimism, often preceding local tops (+2.0σ) On the other hand, the model’s +0.5σ band sat at $109,858 below the current market prices, serving as a vital support threshold. Ali Marinez explains that Bitcoin must maintain its price level above this band to retain a high probability of continuation toward the +1.0σ level target based on historical patterns. However, a breakdown below $110,000 could signal a deeper correction, potentially down to the mean band at around $88,960, or lower toward $68,062 (-0.5σ). Bitcoin Investors Take Profits With Rising Market Confidence According to more data from the MVRV model, the growing distance between BTC’s realized price, around $50,831, and its present market price reflects growing investor conviction. For context, the realized price represents the average cost basis of all coins in circulation, thereby indicating how deeply in profit the average Bitcoin holder is at the moment. At press time, the premier cryptocurrency trades at $118,178 following a 0.73% in the past day. However, the daily trading volume is significantly down by 53.39% and valued at $47.98 billion. According to price prediction site Coincodex, the Bitcoin market sentiment remains largely bullish, with the Fear & Greed Index nearing extreme greed at 72. Coincodex analysts project the leading cryptocurrency to maintain its current rebound, rising to $122,019 in five days and $141,075 in a month.

XRP’s technical setup is playing out another major move, and this time the bullish momentum is being backed by the reappearance of one of its most powerful historical indicators. According to a new analysis posted by Egrag Crypto on the social media platform X, XRP’s 21 EMA and 55 SMA weekly crossover has been playing out quite nicely, with XRP recently hitting $3.65 on July 18 before cooling off. Now, this analysis projects that the pattern may still be in its early stages. Based on historical outcomes, XRP might be on track to reach as high as $9 or even $24. Bull Crosses Cause Massive Rallies For XRP EGRAG’s chart, which displays XRP’s weekly price action with the 21 EMA and 55 SMA trendlines, shows that each time a bullish crossover occurred between the two trendlines, it marked the beginning of a strong price rally. The first instance of such a cross was in March 2017, and by the end of that cycle, XRP’s price had reached a peak that represented a 40,000% surge from its low. Then in August 2020, a similar crossover produced a 750% pump before topping out. The most recent bullish crossover occurred in October 2024 and has so far resulted in a 560% rise from XRP’s bottom in September 2024. However, there was a similar temporary pump in April 2023 that Egrag excluded from his model. Based on different assumptions about the previous price playout between the two cycles, the analyst outlined two possible targets for the current cycle. The first projection is a 1,500% rally, double that of 2020’s run, which would place the price peak for this cycle at $9. The second projection is a 4,000% rally, which represents just 10% of the massive 2017 spike. This second, more bullish projection places XRP’s price peak anywhere at $24. Chart Image From X: Egrag Crypto XRP Drops To Retest $3 After New ATH At $3.65 After reaching a new cycle high of $3.65 on July 18, XRP failed to hold above the $3.21 resistance zone and corrected down to test the $3.00 support level on July 24. The price volatility, although strong, wasn’t enough to break this support level. Crypto analyst CasiTrades also weighed in on the current technical setup by pointing to an Elliott Wave count that suggests a major third wave is about to begin. In her analysis posted on X, she confirmed that XRP has completed a subwave 2 correction, reaching the deep 0.854 Fibonacci retracement level before bouncing. What’s important here is that the price held above $3, never forming a new low, which is probably now a new price floor. Chart Image From X: CasiTrades If buying volume increases and XRP regains its hold above $3.21, the next move is to target $3.82, which coincides with the 2.618 Fibonacci extension. Interestingly, the analyst noted that $3.82 also aligns with what many platforms historically recorded as XRP’s new all-time high. Should XRP close a weekly candle above $3.82, it could lead to prices that align with Egrag’s projections. At the time of writing, XRP is trading at $3.17. Featured image from Getty Images, chart from TradingView

The price of Bitcoin has continued to impress investors in 2025 despite doubts after the top crypto hit a six-figure valuation at the tail end of 2024. As a result, the expectations of an altcoin season have seemed like a pipe dream so far this year. Nevertheless, that is not to say the altcoin market has not seen outstanding performers in 2025 — one of them being TRON (TRX). According to data from CoinGecko, the price of TRX is up by about 25% year-to-date. TRX In Underperformance Zone Relative To BTC On Saturday, July 26, Alphractal CEO & founder Joao Wedson took to the social media platform X to analyze the dynamics between Bitcoin and TRON, two of the largest assets in the crypto market. According to the on-chain expert, the TRX token might outpace the premier cryptocurrency in the coming months. This interesting prediction is based on the TRX Opportunity Score metric, which tracks when the TRON token is outperforming or underperforming Bitcoin. Typically, this metric combines various indicators, including the TRX/BTC ratio, daily returns, volatility, Beta, and correlation. According to Wedson, the current TRX Opportunity Score suggests a potential turning point for the TRON price relative to the price of Bitcoin. The on-chain analyst revealed that the altcoin has once again entered a zone of underperformance relative to BTC — a phenomenon that has preceded strong reversals in the past. Wedson explained that every time TRON dropped into the red or orange zones on the chart (indicating weakness), it often began strong relative upward trends and went on to outperform Bitcoin. “This pattern has repeated across several past cycles — and it seems to be forming once again,” the on-chain expert added. With TRON seemingly bound to outpace Bitcoin in the coming weeks, Wedson suggested that investors might want to consider rotating some capital from BTC into TRX. “It may be strategically interesting to consider rotating a small portion of BTC into TRX, aiming to front-run a possible TRX outperformance in the coming months,” the Alphractal CEO said. Bitcoin And TRON Price As of this writing, the price of BTC sits just beneath $118,100, reflecting an over 10% increase in the past month. In comparison, TRON is valued at around $0.3197, with an almost 18% price growth in the past 30 days.

In the midst of a global energy transition, the market for magnetic rare earth elements (REEs) is likely to face a threefold demand increase by 2035, which could further exacerbate global supply challenges, according to a report by McKinsey & Company. REE magnets are currently the strongest permanent magnets available on the market to power e-motors and wind turbines. The magnets typically require four rare earth elements as inputs: neodymium (Nd), praseodymium (Pr), dysprosium (Dy) and terbium (Tb), with the first two being the primary constituents and the latter two being additives to enhance performance in more demanding applications. McKinsey estimates that magnetic REEs now make up the largest share of the overall rare earth market by value at 80%, despite accounting for 30% of the total production volume. Credit: McKinsey & Company Due to their significance to clean energy technologies, global demand for magnetic REEs is expected to triple from 59,000 tons in 2022 to 176,000 tons in 2035. This growth, it adds, will be driven by strong growth in electric vehicle adoption, which is outpacing the substitution of REEs with copper coil magnet, as well as the high rate of renewable capacity expansions in wind. Meanwhile, supply is expected to fall short by as much as 30%, especially in the absence of production forecasts for China, which has a near monopoly on the global mine production and refining, McKinsey says. The firm also warns that even in a scenario in which Chinese volumes fill the supply gap until 2035, geopolitical considerations could put additional strain on an industry that has already been plagued by challenges around scaling in other regions. China’s grip to persist While demand for magnetic REEs is broadly distributed across geographies due to their critical role in high-tech applications, their primary supply is highly concentrated, with China dominating over 60% of mining and 80% of refining, McKinsey notes. Credit: McKinsey & Company Light REEs are expected to remain heavily dependent on China until 2035, it adds, while more than 60% of heavy REEs—vital for wind turbines, EVs, and robotics—will likely continue to be mined in Asia-Pacific and refined in China. Despite global efforts to develop local REE value chains, including regulatory initiatives that could theoretically reduce China’s share in mining to under 50%, supply diversification is still expected to progress slowly over the next five to 10 years, the firm says. It also warns that China’s recent export restrictions on certain REEs remain an ongoing geopolitical risk. Focus on recycling As a result, secondary sources like recycling may become increasingly important, given the long timelines, environmental hurdles, and high costs of developing new mining and processing capacity. Today, more than 80% of REE scrap originates from applications in consumer electronics, appliances or internal combustion engine vehicles, all of which use relatively small magnets for motors, actuators, and sensors, among other things. However, increased use of magnetic REEs for EVs and wind turbines could cause scrap pools to continuously shift by 2050, McKinsey says. BEV drivetrains, industrial motors and wind turbines could generate scrap on a similar magnitude, providing a new pool of larger magnets containing higher shares of valuable heavy REEs. McKinsey estimates that the REE value chain could generate about 40,000 tons of pre-consumer scrap, originating from magnet design and manufacturing steps, as well as 41,000 tons in post-consumer scrap from various end uses reaching end of life. With the majority of downstream magnet manufacturing occurring in China, most pre-consumer scrap will be generated, processed, and recovered in the region as well. By contrast, scrap from post-consumer sources will likely be geographically diverse, though recovery challenges may remain. According to McKinsey, post-consumer REE recycling would require dedicated separation of the magnet for further processing, which is a practice currently not adopted within existing recycling value chains focused on high-value or high-volume materials (such as gold and copper or aluminum and steel).

The Bitcoin market recorded a minor 0.67% price gain in the last 24 hours, amid a brief return to the $118,000 price territory. This modest price increase forms part of a rebound observed over the previous 48 hours, following a significant 4% price correction earlier last week. Looking ahead to the new week, renowned market analyst with X username KillaXBT has identified two potential price development scenarios for the premier cryptocurrency. Bitcoin Sees Bounce From Key Demand Zone, But What’s Next? In an X post on July 26, KillaXBT provides an in-depth technical analysis of the Bitcoin market to map out the asset’s potential price trajectory in this new week. The popular market expert duly notes that Bitcoin experienced a price bounce after dipping into a key demand zone around $115,000, which they also described as an ideal long entry region. As earlier stated, the crypto market leader has since climbed to $118,000 following this price rebound. However, KillaXBT notes there is an established CME Gap around $117,071, which is likely to serve as a price magnet in the short term. For context, CME gaps are price gaps on the Chicago Mercantile Exchange (CME) Bitcoin futures chart that occur when Bitcoin’s price moves significantly on the spot market when CME markets are closed, typically over the weekend. In view of next week, KillaXBT explains scenario 1 in which the Bitcoin market opens on a bullish note. In this case, the analyst states investors should expect Bitcoin to eventually form a higher low, ideally through a sweep of liquidity around the $116,000 area. However, if Bitcoin bulls can effectively hold this price pocket, it would trigger fresh long setups with stop losses tucked below the prior week’s low. In scenario 2, KillaXBT paints a more aggressive situation in which Bitcoin performs a double sweep of last week’s wick low around $114,800, thereby effecting a ruthless liquidity grab before an upward reversal. However, the market expert favours the reality of scenario 1, following the earlier liquidity grab with the price dip to $115,000. The Invalidation Risk Regardless of which scenario, KillaXBT has highlighted certain developments that could neutralize the prospects of a bullish reversal. In particular, the analyst explains that failure for the price to hold above the recent wick lows following a retest would force Bitcoin prices to deeper imbalance zones between $112,000 – $113,800. At the time of writing, Bitcoin trades at $117,900, reflecting a 0.21% gain in the last seven days.

Bitcoin has climbed 250% since BlackRock’s IBIT launch. But those massive green candles—spikes traders chase—could become a thing of the past. According to Bloomberg analyst Eric Balchunas, the era of sudden jolts up or down may be ending. He says that spot ETFs and big companies piling in will smooth out those drawdowns. Spot ETF Approval Era Balchunas pointed out that IBIT just passed $100 billion in assets under management. Based on his view, that landmark tells you everything. Bitcoin traded between $116,000 and $120,000 after Galaxy Digital sold 80,000 coins. No panic sell‑off followed. Before ETFs, a sale like that could send prices tumbling by double‑digit percentages. Now, deep corrections look less likely. In‑and‑out profit‑hunters once drove Bitcoin up or down by 20% or more in a day. But steady inflows from regulated products lure in large investors. Balchunas argues that fewer wild swings will make crypto more useful for buying coffee or paying bills. He believes this shift will help Bitcoin behave more like a real currency and not just a roller‑coaster asset. Institutional Steady Hands Based on reports from Citigroup, every $1 billion of ETF inflows can lift Bitcoin by about 3.6%. Using that math, Citi sees Bitcoin hitting $199,000 before December 31. That forecast depends on steady money flowing in. Big funds make big bets. And those bets tend to stick around longer than retail traders chasing quick gains. Citigroup notes that BlackRock’s IBIT became the fastest ETF to reach $100 billion. That matters because it shows how hungry big players are for crypto. If those trends keep up, Bitcoin could push past its current trading band. It may even test new highs without the classic “God candle” leaps that gave quick fortunes—and quick losses. Volatility Trade‑Offs Meanwhile, some analysts warn that early Bitcoin whales are taking profits and stepping aside. As institutions arrive, some old‑school traders will leave. That could shift volume to less regulated spots or exotic derivatives markets. In a calmer main market, risks may hide in side channels. Lower volatility brings fewer heart‑stopping moments. It also means less of the adrenaline rush that attracts day‑traders. For some, that trade‑off is worth it. For others, the loss of big swings could drive them away. Calmer Waters Ahead? Overall, Bitcoin seems to be entering a new phase. Based on Balchunas’s take, those “God candles” won’t vanish overnight—but they’ll be rare. The push from spot ETFs and corporate treasuries aims to make price moves smoother. Featured image from Meta, chart from TradingView

Ethereum is entering a powerful new chapter in its market cycle. After months of prolonged selling pressure and underperformance, ETH has staged a remarkable comeback, rallying over 175% since late April. This surge marks a turning point for the second-largest cryptocurrency, as it regains momentum and investor attention. According to data from CryptoQuant, Ethereum Open Interest on CME Futures has now reached an all-time high—signaling heightened institutional activity and growing market engagement. This sharp increase in derivatives exposure often precedes further volatility, hinting that traders are positioning for larger moves ahead. While the overall trend remains bullish, with on-chain and derivatives data pointing toward continued strength, some analysts warn that the market may be approaching overbought conditions. Speculation is growing around a potential correction or spike in volatility as Ethereum approaches key psychological resistance zones. Still, with ETH reclaiming leadership over Bitcoin in recent weeks and altcoins beginning to move in tandem, many view this renewed momentum as the start of a broader altcoin cycle. Ethereum Leads The Way Ethereum is gaining significant momentum, both technically and fundamentally. According to crypto analyst Maartunn, ETH Open Interest on CME Futures has reached an all-time high of $7.85 billion. This spike in interest coincides with a pivotal moment for crypto regulation in the US. The recent passage of the GENIUS Act and the Clarity for Payment Stablecoins Act by Congress marks a turning point in legal clarity for digital assets. These legislative wins create a friendlier environment for Ethereum-based applications, particularly in DeFi, where many protocols had previously operated in legal uncertainty. With a more defined regulatory path, Ethereum stands to benefit as developers and capital increasingly move onshore. At the same time, Ethereum has shown notable strength against Bitcoin. ETH/BTC has been trending higher over the past few weeks, reinforcing the perception that ETH could lead the next leg of the market cycle. This shift is important—especially as investors rotate from Bitcoin into altcoins. Price Action Details Ethereum continues its bullish trend, currently trading near $3,753 after a breakout rally that began in late April. The 3-day chart reveals a significant price expansion above the key resistance level at $2,852, now acting as support. ETH is consolidating just below the $3,860 resistance, which marks the final barrier before the psychological $4,000 level—last tested in late 2021 and again in late 2023. All major moving averages—the 50, 100, and 200—are now trending upward and stacked in a bullish configuration. Price action is well above these levels, indicating strong market momentum. Volume has also surged during the rally, suggesting real conviction behind this move rather than speculative noise. Despite the strength, ETH appears temporarily overextended and could enter a short-term consolidation phase. A retrace toward $3,500 or even a retest of the $2,850 zone would still be considered healthy in the context of a broader uptrend. That said, as long as ETH holds above $2,850, the bullish structure remains intact. Featured image from Dall-E, chart from TradingView

Notwithstanding the recent choppy market, Bitcoin has held steady above the $118,000 mark and is currently trading at $118,204.60. Could this be the best crypto to buy now as the market gears for another bull run? Speculators tend to think so. BTC has brushed off the selling pressure and the minor pullbacks that we witnessed last week, and the next target could be somewhere between the $ 127,000 and $132,000 mark. However, caution should be exercised, as the crypto market has been known to make sudden 180-degree turns. (BTCUSD) Investors have been watching the BTC carefully and speculating whether the BTC will have a breakout moment again or buckle under volatility. ETH fared better, climbing 9% to $3.85k early in the week, before pulling back to $3.75k, marking a net gain of 5%. This surge coincided with increased US Spot Ethereum ETF inflows and rising institutional demand, driving ETH to a seven-month high. Explore: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 The post [LIVE] Bitcoin Targets $132K Milestone After Defending $118K Support, Best Crypto To Buy Now As M2 Money Supply Hits ATH appeared first on 99Bitcoins.

According to Matt Hougan, chief investment officer at Bitwise, what used to be a near‑perfect four‑year Bitcoin pattern now looks less reliable. Supply cuts, rate moves and crash risks once drove big swings. Now, fresh forces are taking over. Halving’s Impact Shrinks Every Cycle Hougan points out that each Bitcoin halving still cuts new coins by 50% but matters less over time. In early cycles, that shock fueled parabolic runs. Today, with a market cap in the hundreds of billions, the same supply cut is half as important every four years. Back in 2016 and 2020, prices jumped more than 150% around halving events. Now, moves hover under 50% in similar windows. Based on analysis from the Bitwise CIO, interest rates have been friendlier this time around. In 2018 and 2022, tightening by the US Federal Reserve coincided with brutal crypto drops that sent Bitcoin down 72% and 69% from peak to trough. Now, rates are easing or on pause, so crypto often trades up rather than down. Institutional Trends Outrun Old Rhythms Hougan highlights that ETFs are the new growth engine—and they run on a 5–10 year timeline. Spot Bitcoin ETFs launched in January 2024 and have since taken in over $10 billion in net inflows. That steady stream can’t be pinned to a single four‑year blip. Pensions and endowments are getting ready too. Many big investors only started talking crypto last year, and it takes quarters or years for them to clear internal hurdles. When they finally jump in, their billions could reshape markets far beyond retail waves. Regulation Gains Traction This Year According to Hougan, regulatory clarity began in January 2025 with new custody rules, tax guidelines and licensing regimes. Those steps cut systemic risk and pave the way for banks and asset managers to roll out crypto services on their platforms. Based on his analysis, the recent Genius Act—passed this month—opened doors on prime‑broker platforms. That means trading desks, clearing houses and research teams can invest billions in weeks and months. This kind of build‑out takes time, but it lasts. Treasury Firms Emerge As A Wild Card One fresh cyclical‑style risk Hougan flags is the rise of Treasury companies offering short‑term lending and yield products. If they grow too fast without proper checks, a blow‑up could still trigger a market sell‑off. It’s a new kind of hazard that didn’t exist in past cycles. Featured image from Unsplash, chart from TradingView

The Asian crypto landscape is continually evolving. This week, the region witnessed significant developments across several fronts, including massive capital infusions, global expansions, as well as rising concerns over crypto exposure and a massive security breach. These developments showcase a rising institutional confidence along with persistent vulnerabilities. Hong Kong’s OSL Group Locks In $300M Equity Amid Bullish Asian Crypto Landscape Hong Kong’s OSL Group has generated significant buzz in the Asian crypto landscape, raising $300 million through an equity financing round, making it the largest publicly disclosed crypto capital raise that the region has seen so far. In an article published by Reuters on 25 July 2025, the firm stated that it plans to use the raised capital for its global expansion efforts, including the development of a stablecoin infrastructure, securing licenses in additional markets and launching a compliant digital network. Ivan Wong, the CFO of OSL Group, said, “The funding will accelerate our global build-out, particularly in regulated stablecoin infrastructure and compliant payment rails.” Furthermore, the company also aims to establish an additional subsidiary dedicated to derivatives-related activities. Through this, Metaplanet aims to achieve its broader objective of income generation and risk mitigation. Explore: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 Key Takeaways Hong Kong’s OSL Group raised $300 million to further expansion projects, stablecoin development, licensing and launching a compliant digital network CoinDCX’s operational account hacked, users’ funds are safe Metaplanet launched a new holdings company to manage US-based operations that sits between the parent company and Metaplanet Treasury Corp The post This Week In Asian Crypto Landscape: Metaplanet Launches New US Subsidiary, CoinDCX Gets Hacked appeared first on 99Bitcoins.

Windtree Therapeutics (WINT), a biotech firm listed on Nasdaq, has recently made headlines by venturing into the cryptocurrency space, particularly focusing on Binance Coin (BNB). Just over a week after raising $60 million, the company announced a substantial partnership with Build and Build Corporation, unveiling a $200 million securities purchase agreement aimed at establishing a dedicated BNB treasury. In a surprising turn of events just six days later, the firm disclosed a strategic partnership with Kraken, which will reportedly provide services such as custody, trading, and over-the-counter (OTC) solutions for Windtree’s newly formed BNB treasury strategy. Windtree Therapeutics Partners With Kraken According to the announcement, the biotech firm and the US-based cryptocurrency exchange have signed a term sheet that will be formalized into a definitive agreement pending shareholder approval of Windtree’s securities purchase agreement. This partnership is said to open the door for potential future subscriptions of up to $140 million, led by Build and Build Corporation, further solidifying Windtree’s dive into the cryptocurrency ecosystem. By aligning with Kraken, Windtree aims to leverage the exchange’s security, liquidity, and expertise in digital asset management. Notably, Windtree distinguishes itself as the first Nasdaq-listed company to offer direct exposure to the BNB token, which ranks as the fifth-largest digital asset by market capitalization, exceeding $100 billion. Kraken’s infrastructure is expected to play a vital role in ensuring the secure custody and efficient trading of BNB assets. The exchange’s over-the-counter desk will facilitate transactions related to Windtree’s Binance Coin treasury strategy. The Key To Windtree’s BNB Strategy Success Jed Latkin, Chief Executive Officer of Windtree, expressed enthusiasm about the partnership, stating: We are excited to partner with Kraken, a trusted leader in the cryptocurrency industry, to support our groundbreaking BNB strategy. Kraken’s expertise and secure platform will strengthen our ability to deliver unparalleled exposure to the Binance ecosystem, creating significant value for our shareholders. David Olsson, Global Head of Institutional Client Solutions at Kraken, echoed this sentiment, emphasizing the exchange’s commitment to expanding access to BNB and the Binance Smart Chain. “Our deep liquidity and industry-leading security infrastructure allow us to deliver bespoke solutions tailored to the needs of corporate treasury teams,” he added. “With qualified custody, a leading staking platform, and seamless OTC execution, we’re well-positioned to support Windtree as they execute their digital asset strategy with confidence and precision.” As of this writing, Binance Coin is trading at $782, marking a 20% surge over the past month. This makes it one of the top performers among the ten largest cryptocurrencies in the market over this period. Yet, the token has a 3% gap from its record high of $809. Featured image from DALL-E, chart from TradingView.com

In the latest Africa crypto news, Ghana will license crypto exchanges starting September 2025, as Luno introduces crypto staking services in Nigeria. DRC has released an e-diplôme platform that integrates blockchain for diploma verification. Ghana has joined several African countries in enacting crypto regulations and has announced plans to license crypto exchanges starting in September. In Nigeria, Luno, a crypto exchange, has rolled out a staking service to attract more users. Meanwhile, the DRC is incorporating the blockchain to create a reliable database for government-issued diplomas. These crypto stories and more dominate the continental headlines this week: DISCOVER: Top Solana Meme Coins to Buy in 2025 Ghana Crypto News: Central Bank to License Crypto Exchanges From September The Bank of Ghana will begin licensing crypto exchanges by September 2025 if a regulatory framework currently in parliament is approved. According to Johnson Asiama, Governor of the Bank of Ghana, licensing crypto exchanges will boost cross-border trading and attract strategic investment to the country. This application extends beyond cryptocurrencies and could serve as a blueprint for governments and organizations seeking similar transparency. DISCOVER: Next 1000x Crypto – 13 Coins That Could 1000x in 2025 Africa Crypto News: Ghana Licenses Exchanges, DRC Adopts Blockchain Ghana Crypto News: Bank of Ghana to license crypto exchanges by September 2025 Nigeria Crypto News: Luno introduces staking services, supporting coins like Cosmos and Solana DRC Crypto News: Government releases the e-diplôme platform that uses the blockchain to verify diplomas The post Africa Crypto News Week in Review: Ghana to License Exchanges, Luno Releases New Feature in Nigeria, DRC Integrates Blockchain for Transparency appeared first on 99Bitcoins.

Bitcoin experienced heightened volatility on Friday, briefly dipping to a local low of around $114,700 before stabilizing within a tight consolidation range. The price remains capped below the psychological $120,000 mark, with bulls and bears locked in a tug-of-war that has intensified speculation across the market. Despite the pullback, Bitcoin is holding key support, suggesting resilience in the current bullish structure. According to CryptoQuant analyst Axel Adler, this week stands out as one of the most aggressive selling periods of the current bull cycle. Adler notes that only 12 weeks—about 7.3% of the entire cycle—have shown equal or greater selling pressure. This context highlights just how intense the recent market activity has been, with significant profit-taking from investors but no full breakdown in price. The combination of strong selling and price stability has introduced a high level of uncertainty. Market participants are watching closely for confirmation of either a deeper correction or a renewed push to break the $120K barrier. As the week closes, Bitcoin’s ability to maintain its consolidation range could determine the pace and direction of the next major move in this cycle. Bitcoin Holds Strong Amid Heavy Selling Adler highlighted that this week ranks among the top 7% of the most extreme in terms of selling volume during the current Bitcoin bull cycle. Despite the intense selling pressure, Bitcoin has shown notable resilience, recovering to $117,000 by week’s end. This rebound is seen as a positive signal, reflecting bullish strength in the face of aggressive distribution. While Bitcoin remains in a tight consolidation range, its dominance is starting to weaken relative to Ethereum and other major altcoins. This shift has caught the attention of analysts who now view this week as a pivotal moment. A continued decrease in Bitcoin dominance paired with growing strength in altcoins could mark the beginning of the long-anticipated altseason—a period where capital rotates from Bitcoin into alternative cryptocurrencies, driving strong gains across the sector. Still, Bitcoin’s recent recovery and consolidation above key support suggest that its bullish momentum may not be over. If buyers continue to defend the current range, BTC could be gearing up for another leg higher, putting pressure on shorts and reigniting market confidence. BTC Retests Resistance After Strong Recovery Bitcoin (BTC) is currently trading around $117,867 on the 4-hour chart after recovering sharply from the $115,724 support level. This area has proven to be a critical short-term demand zone, with bulls stepping in aggressively to defend it following a recent dip. The price is now pressing against the 100-period SMA ($117,822), attempting to reclaim this level as support. The structure of the chart shows BTC remains locked in a well-defined consolidation range between $115,724 and $122,077. This week’s retest of the lower boundary and subsequent bounce signals continued interest from buyers, despite strong selling pressure earlier in the week. Volume remains elevated, suggesting active market participation during the recent recovery. The key to watch now is whether BTC can flip the 100 SMA and hold above $118,000. If confirmed, the next major test will be the upper range resistance at $122,077. A clean breakout above this level could set the stage for new all-time highs. Featured image from Dall-E, chart from TradingView

In a turbulent second quarter (Q2) for the cryptocurrency market, Avalanche (AVAX), a layer-1 blockchain platform frequently considered a competitor to Ethereum (ETH), reported a mixed bag of financial metrics. Avalanche Price Declines But User Engagement Soars A recent analysis from data firm Messari revealed that AVAX’s price fell 4.2% quarter-over-quarter, dropping from $18.77 to $17.99. This decline came alongside a 2.6% decrease in its circulating market cap, which fell from $7.8 billion to $7.6 billion. The impact of this price drop was also reflected in AVAX’s market ranking, which fell from 15th to 16th among all cryptocurrencies. However, not all metrics were negative. Transaction fees for AVAX surged by nearly 29% during the quarter, increasing from 58,300 to 75,170. In terms of revenue, transaction fees in USD also rose slightly, going from $1.50 million to $1.54 million, indicating a growing user base and increased activity on the platform. A particularly bright spot for Avalanche in Q2 2025 was the significant growth in daily transactions across its C-Chain and other layer-1s. Average daily transactions skyrocketed by 169.91%, reaching 10.1 million compared to 3.7 million in the previous quarter. This was complemented by a dramatic increase in daily active addresses, which surged by 210.45% to 519,954, suggesting a robust uptick in user engagement. In line with this growth, Avalanche also reduced its average transaction fees by 42.7%, from $0.05 to $0.03. This reduction is largely attributed to the Octane upgrade, which introduced a dynamic fee mechanism on Avalanche’s C-Chain, allowing for real-time fee adjustments to enhance user experience and reduce costs. C-Chain Transactions And DeFi TVL Soar The C-Chain in particular saw impressive usage growth, with average daily transactions jumping 493.4% from 244,995 at the end of Q1 to 1.4 million by the end of Q2. Daily active addresses also experienced a healthy increase of 57% quarter-over-quarter, rising from 29,554 to 46,397. Notably, there was a spike to 419,619 daily active addresses on May 11. As seen in the chart above, Avalanche’s total value locked (TVL) in decentralized finance (DeFi) rose 37.1%, climbing from $1.1 billion to $1.5 billion. However, the stablecoin market cap on Avalanche saw a significant decline of 23.8%, dropping from $1.9 billion to $1.5 billion. The rise in daily active addresses across Avalanche’s layer-1 platforms was particularly noteworthy. The average daily active addresses surged by 444.8% quarter-over-quarter, from 68,723 to 374,402. As of this writing, AVAX’s price has recovered from Q2 lows toward the $23 zone, rising 35% in the past thirty days due to the recent bullish sentiment that led Bitcoin (BTC), the market’s leading crypto, to reach a new all-time high above $123,000. Featured image from DALL-E, chart from TradingView.com

Changpeng Zhao (CZ), the co-founder of Binance and former CEO of the world’s largest cryptocurrency exchange, is reportedly aligning himself with President Donald Trump’s policy initiatives following his recent release from a four-month jail sentence. This shift comes as Zhao seeks to navigate the complexities of his situation in the US in light of his legal challenges, including a formal application for a presidential pardon after serving time for violations related to anti-money laundering laws (AML). Will CZ’s Strategy Result? As reported by Crypto in America, Zhao’s foundation, Giggle Academy, has partnered with American Legion Charities to donate $2 million to create a permanent scholarship for the children of fallen and disabled US service members. Per the report, this initiative is particularly timely, coinciding with Trump’s renewed focus on artificial intelligence (AI) and blockchain technology. Zhaos’ scholarship program aims to empower students by providing grants of up to $20,000 and features an annual competition that encourages participants to address pressing societal issues with innovative solutions. This aligns with the Trump administration’s broader objectives, which include bolstering America’s position as a global leader in technology and cryptocurrency while supporting veterans and their families. Recently, the president’s administration approved an $832 billion defense funding bill that includes pay raises and enhanced benefits for service members, further underscoring this commitment. Former Binance CEO’s Pardon Application Gains Traction Industry insiders view Zhao’s “philanthropic initiative” as potentially strategic, suggesting that it could be an attempt to gain favor with the president. “CZ knows what he’s doing,” remarked a crypto executive familiar with the landscape. The executive, who chose to remain anonymous when responding to Crypto in America’s inquiries, further stated: For the US to maintain its status as the crypto capital of the world, it needs strong leadership from its top exchanges and entrepreneurs. Moreover, we need a skilled workforce to drive the future economy. Adding to Binance’s former CEO complex situation in the country, recent speculation has emerged regarding his chances of receiving a presidential pardon. CZ has topped crypto-betting platform Polymarket’s leaderboard as the individual most likely to be pardoned by President Donald Trump in 2025, according to recent polls. This narrative gained momentum after Zhao confirmed on a podcast that he had formally applied for a pardon. This came after a tumultuous year in which he faced significant legal hurdles, leading him to leave Binance and relinquish any role in its operations. When writing, the exchange’s native token Binance Coin (BNB) trades at $782, a gap of over 3% from its current record high of $809 reached two days ago. Featured image from CNBC, chart from TradingView.com

The Bitcoin price has been quite indecisive in its action over the past week, jumping between the $117,000 and $120,000 consolidation zone in that period. The flagship cryptocurrency, however, came tumbling toward the $115,000 mark following massive coin movements toward centralized exchanges in the past day. Interestingly, a prominent market expert has put forward an even more bearish outlook for the Bitcoin price over the next few weeks. With this latest projection, the price of BTC seems to only be at the beginning of a downward spiral, which could worsen over the coming days. How BTC Price Could Be At Risk Of Extended Decline In a July 25 post on social media platform X, Chartered Market Technician (CMT) Aksel Kibar painted a bearish picture for the Bitcoin price after falling to $115,000 on Friday. According to the analyst, the flagship cryptocurrency could be on its way to around $109,000 in the coming days. Kibar’s bearish stance revolves around the inverse head-and-shoulder pattern on the Bitcoin price chart on the weekly timeframe. The inverse head-and-shoulders pattern is a technical analysis formation characterized by three distinct price troughs, including a lower “head” set between two higher “shoulders.” Typically, the inverse pattern signals a possible bullish breakout and is validated when the price breaches the neckline — a trendline connecting the crests (swing highs) between the head. As shown in the chart below, the Bitcoin price has already broken through the neckline to reach a new all-time high. However, Kibar explained that the price breakout witnessed by Bitcoin might not be the textbook breakout typically expected in most inverse head-and-shoulders pattern scenarios. According to the market expert, most head-and-shoulder breakouts are followed by pullbacks and retests rather than straight rallies. Chart data provided by the analyst shows that, since May 2017, the Bitcoin price has witnessed a retest or pullback (type 2 continuation) more times than a straight rally (type 1 continuation) after a head-and-shoulder pattern breakout. This trend explains the rationale behind Kibar’s bearish projection for BTC in the next few days. If the price of Bitcoin does suffer a deeper correction as in the type 2 continuation, it is likely to return to the neckline — and around the $109,000 mark. A move like this would represent an over 5% decline from the current price point. Bitcoin Price At A Glance After a horrendous start to the day, the market leader seems to be recovering nicely from its recent fall to $115,000. As of this writing, the price of BTC stands at around $117,323, reflecting a mere 0.6% decline in the past 24 hours.