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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Solana’s price rally reached a new milestone on Monday. SOL traded at $195.50 per coin, pushing the total valuation to over $105 billion for the first time since January 25. That jump reflects growing optimism around the token. Short‑term gains have been strong, but questions remain about how deep the recovery really runs. DeFi TVL Rises With Price Based on reports, Solana’s total value locked in DeFi hit $14.18 billion. That’s the highest level in six months, back to where it stood in January when SOL first reached its all‑time high. A big chunk of that gain comes from the token’s own price climbing. When SOL moves up, every coin locked in lending pools and vaults gets worth more on paper. Users haven’t needed to rush in and lock fresh tokens to boost TVL numbers. The overall ecosystem feels larger. Yet true usage growth may be slower than those headline figures suggest. Experts are keeping a close eye on how many new deposits actually show up. After all, token value and real‑world demand don’t always rise at the same pace. DEX Trading Activity Shows Uptick Between July 14 and July 20, Solana’s decentralized exchanges handled over $22 billion in trading volume. That’s up from close to $19 billion the week before. Raydium led with $8.4 billion, followed by Orca at almost $6 billion and Meteora at $5.3 billion. Based on data, traders are coming back. But weekly volumes still sit far below the $98 billion peak set in mid‑January. That gap signals a market that’s warming up but not yet boiling over. Volume gains show renewed interest among active users. It also hints that fresh strategies and new tokens may be finding feet after a slower spell. Staking Dominates Network Security According to on‑chain figures, about 355 million SOL remain staked with validators. That stake is worth roughly $69 billion, or about 65% of all tokens in circulation. Those coins aren’t counted in DeFi TVL or in DEX volumes. Instead, they’re busy securing the network and validating transactions. Meanwhile, SOL is predicted to increase another 3.50% and hit $210 by August 21, 2025. Sentiment is currently bullish while the Fear & Greed Index is at 71 (Greed). In the past 30 days, SOL experienced 19/30 green days and 8.61% price fluctuations, indicating both strength and volatility in today’s market, data from CoinCodex shows. Featured image from Meta, chart from TradingView

Gold prices climbed another 1% on Tuesday, as trade uncertainty and declining US bond yields continue to boost the precious metal’s appeal to investors. Spot gold hit an intraday high of $3,430.41 per ounce in the morning, its highest in five weeks. By 11:30 a.m. ET, it traded at $3,430.41 for a 0.9% gain. US gold futures also edged 1% higher at $3,441.20 per ounce in New York. Click on chart for Live Prices Meanwhile, the yield on benchmark US 10-year notes fell to a near two-week low, making non-yielding bullion more attractive. With Tuesday’s move, gold is now roughly $70 off its all-time high of $3,500.05 set in late April. So far this year, the yellow metal has risen more than 30% amid uncertainty surrounding the global trade landscape. Commenting on the recent rally, Jim Wyckoff, a senior analyst at Kitco Metals, said the lingering trade uncertainty “is prompting some safe haven demand.” “The US has got several trade deals in the works and there’s rumors that the EU and the US might not be able to come to an agreement or certainly are not anywhere close yet,” he told Reuters on Tuesday. Earlier in the day, Treasury Secretary Scott Bessent said he would meet his Chinese counterpart next week, suggesting a possible extension of the tariff deadline. He added that the US is poised to announce “a rash of trade deals” with other countries. However, European Union diplomats hinted that the 27-nation bloc is looking to implement broader countermeasures against the US as prospects for a trade agreement dwindle. Investors are also positioning ahead of next week’s Federal Reserve meeting. While the US central bank is expected to hold rates steady, markets are eyeing a potential rate cut in October. A lower rate would potentially benefit gold further. (With files from Reuters)

The British pound is showing limited movement on Tuesday. In the North American session, GBP/USD is trading at 1.3500, up 0.09% on the day. A day earlier, the pound jumped 0.60% and hit a high of 1.3510, its highest level since July 11. Bailey warns government not to ease financial rules Bank of England Governor Bailey testified before the Treasury Committee today and warned the UK government not to tamper with the structure of the banking system. Bailey defended the "ring-fencing regime" which separates retail and investment operations. Bailey said the current system reduces risk and protects consumers, businesses and households in the event of bank failures. Bailey was responding to comments from Finance Minister Reeves, who said last week that regulators needed to be more "growth friendly" and resist "excessive caution" in order to boost investment and innovation. Reeves complained that excessive regulation was a "boot on the neck of businesses". Bailey fired back in his testimony, telling lawmakers that, "there isn't a trade off between financial stability and growth" and pledged that the BoE would ensure that the financial system would remain resilient. Fed eyes rate cut in September The Federal Reserve is expected to continue its wait-and-see approach and maintain the benchmark rate at its July 30 meeting, despite increasing pressure from President Trump on the Fed to lower rates. The money markets have priced in a hold at 97%, according to CME's Fedwatch. Things get interesting in September, with a 58% chance of a rate cut. The Fed is expected to lower rates at least once before the end of the year, but the rate path will depend to a great extent on inflation and whether tariffs are replaced by trade agreements. GBP/USD Technical GBP/USD has pushed above resistance of 1.3496. Above, there is resistance at 1.35101.3485 and 1.3471 are the next support levels GBPUSD 1-Day Technical, July 22, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Trading around the earnings season is always a particular task as all participants have to incorporate expectations, past results, and options into a single data release (especially as most earnings are reported out of the trading hours). This morning's open saw a huge correction in the Nasdaq particularly, showing down 1.02% in the first 30m Candle and some dip buyers are currently stepping in. The Tech-focused index had marked another all-time high record in yesterday's morning session at 23,288 (CFD price – actual index ATH at 23,264) before retracting in the afternoon. Equity traders are eyeing Earnings reports from SAP after the close today, but more importantly preparing for tomorrow's AT&T pre-open's reports and even-more market moving, Google and Tesla earnings after the close. Some investors will be inclined into reducing some of their tech-positions as Market is already heavily positioned, potentially missing some few potential returns to avoid losing more in the scenario of bad earnings – NVIDIA is down about 3% on the session and Google is down -0.60%. For traders, any volatility is good to generate opportunities, and the most short-term participants may still enjoy from this to trade. Let's take a look at the Nasdaq charts to spot the levels of interest. Read More: AUDUSD holds key support after RBA Minutes – Watching for channel re-entry on dollar weakness Nasdaq Multi-timeframe analysis starting from intraday to the longer-outlookNasdaq 30m Chart Nasdaq 100 (CFD) 30m Chart, July 22, 2025 – Source: TradingView As mentioned in the introduction, the Nasdaq has seen some steep profit-taking in the first 30m taking the index form way overbought to way oversold. Some dip buyers are stepping in, bringing the index between its 30m 50 (resistance at 23,195) and 200 (support, at 23,070) Moving averages. Watch for reactions around the middle of the 30m upwards channel that took the NQ to its new all-time highs, level located around 23,150. Nasdaq 100 4h Chart Nasdaq 100 (CFD) 4H Chart, July 22, 2025 – Source: TradingView Taking a step back allows us to see how strong that move towards almost daily new all-time highs has been – The RSI Momentum is correcting after today's selloff but is struggling to go beyond the neutral line (middle line of the indicator). Any break of this middle RSI line accompanied by a close below the 50 period 4H MA should trigger some further profit taking. In the meantime, buyers have defended the low of the immediate channel. Interesting to see some reactions such as the intermediate top at the Fib Extension target mentioned in our post-NFP analysis which you can find here – Let's see if traders manage to break this current roof or fail to do so in the rest of the week. In the waiting of the key earnings tomorrow & the US ISM data on Thursday, there is still some time for movement. Levels to place on your charts: Support Levels: Intraday Support (23,050 to 23,070 low of channel and 30m MA 200)Pivot turned support – 22,700 RegionPrevious ATH Support Zone 22,000, 50 Day MA at 22,050Resistance Levels: Intraday resistance at 23,195Current all-time highs 23,288 (CFD – Index at 23,264)Fib-Extension Resistance zone between 23,250 to 23,500Nasdaq Daily Chart Nasdaq 100 (CFD) Daily Chart, July 22, 2025 – Source: TradingView The Daily chart shows how the Tech-focused index is evolving swiftly, showing some decent demarkation from its 1,000 points-below early 2025 ATH (was at 22,229 on its CFD). Markets are trading in the upper bound of the higher timeframe Upwards channel and Daily momentum seems to be stalling a bit, but still just below the overbought zone and not showing signs of major divergence. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Investors from the private sale of the Pump.fun (PUMP) memecoin has begun offloading billions of tokens onto exchanges, raising concerns about a potential sell-off as the token’s price falls below its initial sale value. Blockchain analytics firm Lookonchain reported that two early backers of the memecoin, identified in Solscan as “PUMP Top Fund 1” and “PUMP Top Fund 2,” have collectively sent over $160 million in PUMP tokens to centralized exchanges. On July 13, Pump.fun raised almost $500 million on Solana from its initial coin offering (ICO) of the PUMP token, selling out in just 12 minutes. However, it appears that participants are eager to offload their tokens after the presale. Four days later, on July 17, BitMEX shared on-chain data indicating that nearly 60% of PUMP presale participants sold or transferred their tokens to exchanges or other wallets. At that time, 37.4% of the presale participants retained their tokens, while only 3% continued to increase their holdings. BitMEX analysts noted that PUMP’s price appreciation post-launch is surprising given its high unlock percentage, emphasizing that large floats can create significant downward pressure in derivatives markets. Meanwhile, the broader memecoin sector has begun to show signs of slowing down. CoinGecko data indicate that the overall market cap for memecoins peaked at $87 billion on July 21, representing a 58% increase from its value of $55 billion on June 30. However, this was followed by a quick decline to a low of $81 billion on July 22. As of this writing, the market capitalization of the memecoin sector is currently $82 billion, according to CoinGecko. PUMP Crypto Sentiment On Social Media At An All-Time Low (SOURCE) With presale investors sitting underwater, and many having capitulated for a loss, there aren’t many positive posts for PUMP to be found across social media. The vast majority of $PUMP tags on X are bearish charts from traders and analysts, all calling for lower. PUMP is currently trading for around $0.0037, with many believing the $0.003 will be the next level to be lost. There are calls for $0.001 to be the bottom for PUMP, with little communication from the Pump.fun team is on the roadmap for the token or the expected airdrop, but the price is seemingly in free fall. One crypto trader, who goes by the name @BenjiGanar has laid out their idea on how PUMP will play out from here. The X post reads: “I mentioned many times how bearish $PUMP’s tokenomics are rn (right now), pre-sale buyers are underwater, which will cause more selling pressure. When airdrops comes, another huge selling pressure. After everyone’s rekt, we may get a good buying opportunity, patience.” Believe it or not, this is one of the less scathing pieces of commentary on PUMP crypto, with many calling it an outright scam and a pure liquid extraction from the Pump.fun team. However, one thing to note is that historically, hate rallies have produced some of the most parabolic moves. Back in 2021, Filecoin (FIL) was being trashed online constantly, being called nothing but vaporware, before it pulled off a near 900% move. More recently, Hyperliquid (HYPE) had a fair amount of negative sentiment surrounding it, with many celebrating its demise as it dropped to under $10 before quickly producing returns of over 400% from the lows, cementing itself as a major player in the L1/Decentralized Exchange sector. Such moves should serve as a warning to those who believe PUMP crypto is going to zero. The team has a substantial amount of capital at its disposal to engineer a reversal on the chart. Buybacks, bullish roadmap announcements, and a timeline for the expected airdrop are all things that could turn the tide for PUMP. EXPLORE: Best Meme Coin ICOs to Invest in July Join The 99Bitcoins News Discord Here For The Latest Market Updates The post PUMP Crypto Whales Move $160 Million To Exchanges: More Blood On The Way? appeared first on 99Bitcoins.

New Found Gold (TSXV: NFG; NYSE-A: NFGC) has outlined a staged development starting with toll milling and expanding to an underground mine and processing plant, according to a preliminary economic assessment for the Queensway gold project in central Newfoundland. The study envisions a 15-year mine life producing 1.5 million oz. of gold, starting with a 700-tonne-per-day open-pit operation and later expanding to a 7,000 tonne per day underground mine, the company said Tuesday. The project carries an after-tax net present value (NPV) of C$742 million at a 5% discount rate and an internal rate of return (IRR) of 56%. Initial capital for the first stage is projected at C$155 million, rising to C$442 million with the underground development in stage two. The study used a base case gold price of $2,500 per oz. while the project’s all-in sustaining cost is estimated at $1,256 per ounce. “The PEA reinforces our conviction that Queensway can become a low-cost, high-margin, cashflow generating mine,” CEO Keith Boyle said in a release. “This unique combination of design elements allows for low initial capital investment, a rapid payback of that initial investment, using cashflow to grow the operation thereby providing for a superior rate of return, and minimizing dilution to shareholders.” Shares in New Found Gold rose 7.8% by mid-Tuesday in Toronto to C$2.42 apiece, valuing the company at C$556 million. The stock has traded in a 52-week range of C$1.34 to C$4.23. Three stages The three-stage approach allows for near-term production through toll milling, reducing upfront costs and generating early cash flow, the company said. It is pursuing permitting for the stage-one open pit while continuing infill and expansion drilling across the 110-km-long Queensway property. It lies adjacent to the Trans-Canada Highway 15 km west of Gander. New Found Gold is positioning Queensway as a project integrated into the local area, The Northern Miner found on a recent site visit. Boyle described the convenience of the location, noting that “your Tim Hortons doesn’t even get cold by the time you get to site.” He added the company wants to build a mine that “comes to the community, not the other way around.” The new study outlines a conventional flowsheet including gravity separation, flotation and carbon-in-leach processing. The first stage would see ore trucked to a third-party mill in central Newfoundland. In-pit tailings deposition is planned to minimize the environmental footprint. In the second stage, New Found would build its own plant on site and transition to underground mining, followed by a third stage that expands underground output. Spot gold price If gold prices stay near current spot levels of $3,300 per oz., the project’s economics improve substantially. The after-tax NPV more than doubles to C$1.45 billion and the IRR jumps to nearly 200%, the company said. The project has 18 million indicated tonnes grading 2.4 grams gold per tonne for 1.39 million oz. gold, plus 10.7 million inferred tonnes at 1.77 grams for 610,000 oz. contained metal, the company said in March, its first resource. The release came after years of drilling — more than 560,000 metres for a total of 723,387 metres when including past owners over the property’s four-decade history. The project often posted strong drill results that led weekly global tables tabulated by The Northern Miner. But the company has had to overcome industry concerns the ore is too nuggety to be economically viable. “Since day one, the objective of the new management team at New Found Gold has been to advance Queensway to cash flow,” Boyle said in the release. “A phased project design provides for early gold revenue generation, processing of the highest-grade mineralized material at the start of the operation and in-pit tailings deposition.”

Solana could be on track for a massive 323% rally this altcoin season, according to a new technical analysis by crypto strategist Quantum Ascend, who projects a potential peak around $830 based on market cap extensions and Elliott Wave structures. In a detailed July 22 breakdown, the analyst argues that most retail traders continue to overlook the impact of inflation and token supply dynamics—factors that significantly affect price projections. Solana To $1,000 Is Not Realistic Thus Cycle “Looking at the market cap chart, it’s up almost 216,000%, while the price chart is only up 18,000%. So what this tells us is, there’s some kind of inflationary pressure on the asset,” Quantum Ascend said. “You have to use the market cap chart in order to measure the price.” Using Elliott Wave Theory, the analyst identified Solana as currently operating within a macro third wave—arguably the strongest phase of a five-wave impulse sequence. According to his count, Solana completed its first and second macro waves during previous market cycles and is now accelerating through the early stages of wave three, a move that could culminate in a parabolic rally. “Right now, what we’re working on is this macro wave three,” he explained. “The bear market will be macro four, and then we’ll have another wave at some point well into the future.” To support this thesis, Quantum Ascend pulled Fibonacci extensions from Solana’s historical price structures. He pointed to confluence between the 2.618 extension of the most recent accumulation range and the 3.618 extension of a broader range, both of which intersect near a $300 billion market cap. However, he views this zone as a mid-cycle checkpoint rather than a terminal target. His conservative scenario puts Solana at a $620 price tag, representing a 217% move from current levels. But his primary projection suggests a 323% rally, translating to an $830 top based on market cap behavior and structural alignment. He cautioned that simply targeting round numbers like $1,000 can mislead traders, especially when inflation-adjusted market cap analysis tells a different story. “If I pull those same extensions here for Solana [on the price chart], because of the inflation, you’d be looking for $1,000, which is a nice round number and something that retail would love to hear,” he said. “But the market cap chart shows it’s topping that same extensions only at $830.” The discrepancy arises from Solana’s token inflation. As new tokens enter circulation, they dilute the impact of price movements. This is why, Quantum Ascend insists, market cap projections provide a more accurate view of potential upside. “There’s not enough people paying attention to market cap. You have to do it,” he emphasized. In his final breakdown, the analyst laid out both price zones. “We have $620 as our conservative, $830 as our primary here for Solana,” he concluded. While some viewers may find the upper bound modest compared to speculative retail targets, he stressed the importance of realism over hype. “We’re trying to make sure that we’re not buying into any crazy narratives or anything and we’re not leaving anything on the table and we’re not round tripping our bags.” At press time, SOL traded at $195.

Solana is now the fourth most traded crypto, trailing the resurgent Ethereum and soaring Bitcoin. USDT stablecoin is the most actively traded crypto asset. Solana is solidifying its position in the top 10 by rising through the rankings, flipping XRP and BNB, and generating massive trading volume. Latest data from Coingecko shows that SOL is now the fourth most traded crypto, trailing only USDT, Bitcoin, and Ethereum. Solana: The 4th Most Traded Crypto According to market trackers, over $25.5 billion of SOL ▲5.14% positions were traded in the last 24 hours, far exceeding Dogecoin and USDC trading activity. At this pace, SOL has cemented its position among the best cryptos to buy. USDT remains the most traded asset, generating over $167 billion in trading volume due to its role as the largest USD-tracking stablecoin. With a market cap exceeding $161 billion, USDT is technically the third-largest crypto asset, outpacing Solana and other top cryptocurrencies like Cardano and Polkadot. Ethereum ranks second, generating over $54 billion in trading volume across multiple exchanges. The surge in trading volume coincides with rising ETH prices, particularly following favorable regulations in the United States. (Source: Coingecko) Over recent trading days, ETH trading volumes have spiked as investors and institutions pour into the second most valuable coin. If ETH breaks $3,000, more traders may buy the coin, boosting trading volume and lifting other assets, including Solana, in the smart contracts layer-1 category. Despite trading near all-time highs, Bitcoin is lagging, with over $53.2 billion of BTC traded in the past 24 hours. Currently, upside momentum is fading. However, if BTC breaches $123,000 and reaches new all-time highs, trading volume, primarily from centralized exchanges, may rise, flipping Ethereum for second place. Explore: The 12+ Hottest Crypto Presales to Buy Right Now What’s Driving SOL Crypto Trading Volume? The surge in Solana trading volume is tied to its strong price performance in recent trading days. At current rates, SOL has broken above the psychological resistance of $200, and buyers are stepping in. In July 2025, SOL is up 46%, and traders are optimistic, expecting the coin to retest its all-time high of $295. Technically, buyers have the upper hand, qualifying SOL as possibly the next crypto to explode. SolanaPriceMarket CapSOL$108.11B24h7d30d1yAll time As long as prices remain above $195 or Q2 2025 highs, trading volume and prices will likely increase. In turn, this could propel SOL to January 2025 highs. This uptick coincides with the recovery of Solana meme coins. In the last 24 hours, the total market cap of Solana meme coins rose nearly 7% to over $15.8 billion. BONK is the most valuable in this category, surging 24% in the past week. Despite millions of tokens unlocked, TRUMP remains firm, adding nearly 20% in the past week and holding above the psychological support of $10. As momentum builds in the Solana meme coin scene, SOL prices and trading volume will also keep rising. In the previous bull run in H2 2024 and early Q1 2025, SOL prices soared, and trading volume exploded as the meme coin boom drew traders to the platform. Interest in Solana also stems from growing institutional adoption. As investors and institutions create ETH treasuries, there is optimism that the eventual approval of a spot Solana ETF could lead public companies to explore Solana. On Polymarket, punters place a 99% chance of the SEC approving a spot Solana ETF by the end of 2025. DISCOVER: 9 High-Risk High-Reward Cryptos for 2025 Solana Is The 4th Most Traded Crypto After Ethereum, Bitcoin Solana is the fourth most traded crypto asset USDT, Ethereum, and Bitcoin are generating billions in daily trading volume Resurgent Ethereum flips Bitcoin Hopes of a spot Solana ETF will drive more trading activity to SOL crypto The post Solana Becomes 4th Most Traded Crypto – Is It Aiming for ETH & BTC’s Top Spots? appeared first on 99Bitcoins.

The Australian dollar has edged higher on Tuesday. In the European session, AUD/USD is trading at 0.6528, up 0.06%. RBA minutes: need more data before lower rates The RBA shocked the markets earlier this month when it maintained the benchmark rate at 3.85%. The money markets had widely expected the Reserve Bank to trim rates by a quarter-point for a second successive meeting, especially after the trim mean, a key core CPI measure, fell to 3.5 year low of 2.4% in May. However, the RBA had a surprise up its sleeve by not making a move. The minutes noted that the majority of the board wanted to review more economic data, including the all-important quarterly inflation report in order to confirm that inflation was heading lower. The RBA also said there were additional reasons not to cut, including stronger domestic demand and the labor market proving more resilient than anticipated. The minutes acknowledged that the rate decision was completely unexpected, noting that there had been previous occasions when the markets had been "very confident" about a decision, only to have the central bank act in a different manner. So what's next for the Reserve Bank? Last week's employment report was much softer than expected, with the economy producing only two thousand jobs and the unemployment rate jumping to 4.3% from 4.1%. The money markets have now priced in an August rate cut at around 90%. Will the Fed cut rates in September? The Federal Reserve is expected to continue its wait-and-see stance and maintain the benchmark rate at its meeting on July 30, despite increasing pressure from President Trump to ease policy. The money markets have priced in a hold at 97%, according to CME's Fedwatch. Things get interesting in September, with a 58% chance of a rate cut. The Fed is expected to lower rates at least once before the end of the year, but much will depend on inflation and whether tariffs are replaced by trade agreements. AUD/USD Technical There is resistance at 0.6533 and 0.65410.6514 and 0.6503 are the next support levels AUD/USD 1-Day Chart, July 22, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.