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

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

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

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

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

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

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

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

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

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

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

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

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

Equity Markets have been fluctuating in the past week, and this has concerned the Dow Jones even more than the more properly trending Nasdaq and S&P 500, which have been making all-time highs almost every day or two since the end of the Israel-Iran war. The picture in Equities is red throughout the globe as more tariff uncertainty gets into the bullish sentiment – Don't forget that the TACO Trade has been the ongoing theme, outshining Tariff Fears, which may be making a comeback. One aspect that the market has been examining is why the Dow Jones has been lagging against its major index counterparts. The more tech-focused Nasdaq and S&P are being dragged up by the Magnificent 5, an ongoing trend since the 2022 Bear Market Lows, particularly with NVDA attaining a $4T market cap this week. However, the broader, industrial-focused Dow shows a clearer picture of the overall market: The economy is doing more than fine (US 30 dawdling very close to its ATH). However, uncertainties on the future US outlook are high, preventing a straightforward risk-on sentiment throughout all indices. Markets are notably preparing for Tuesday’s US CPI data (exp +0.3%), where hopes are always high for a further pushback of stagflationary US Tariff fears. With the latest August 1st tariff extension, it won't be easy to know their impact in the coming weeks. Read More: Intraday Crypto chart analysis as major Coins soar across the board Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

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

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

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

Orezone Gold (TSX: ORE) said on Friday it has filed a prospectus with the Australian Securities and Investments Commission (ASIC) for an initial public offering to raise A$75 million ($50 million). Under the prospectus, the Canadian miner, which operates the Bomboré gold mine in Burkina Faso, is offering approximately 65.8 million CHESS depository interests (CDIs) at a price of A$1.14 per CDI. CDIs are used by foreign entities wishing to list on the Australian Securities Exchange with the advantage of participating in the CHESS system for clearing and settling trades. Each CDI represents a beneficial interest in one common share of a company. For Orezone, Canaccord Genuity will act as its lead manager, bookrunner and underwriter to the offering, while Euroz Hartleys, Argonaut Securities, SCP Resource Finance and BMO Capital Markets will serve as the co-managers. “We look forward to the ASX listing, which will raise the company’s profile by broadening its shareholder base and increase trading liquidity for all shareholders,” stated Patrick Downey, president and CEO of Orezone, in a press release. “The listing also represents an exciting opportunity for investors to participate in the company’s growth strategy as we execute on our staged hard rock expansion at the Bomboré mine, which will significantly increase our annual gold production,” he added. Orezone Gold’s shares rose 3.6% to C$1.14 apiece on the TSX by 11:20 a.m. ET, for a market capitalization of C$590.5 million ($431.7 million). Bomboré expansion The Bomboré mine located 85 km east of Ouagadougou represents Orezone’s sole asset. The company has worked on the project since 2003 and now holds a 90% interest, with the Burkina Faso government owning the other 10%. The open pit mine entered commercial production in December 2022 following successful commissioning of the Phase 1 oxide plant earlier that year. Since then, it has operated above the planned nameplate at a processing rate of 5.9 million tonnes per annum (Mtpa). Orezone is currently focused on expanding the operation by processing Bomboré’s hard rock mineral reserves to increase its life-of-mine gold production. The expansion will come in phases, beginning with a 2.5Mtpa plant that could increase the overall gold production to 170,000 oz. a year. The Stage 1 plant is already under construction and is expected to begin production in the fourth quarter. The Stage 2 expansion will add a second 2.5Mtpa plant and could increase the mine production further to 220,000-250,000 oz. per year. “Subject to funding, ongoing studies and final board approval, the Stage 2 hard rock expansion will commence in H2 2025, with commissioning expected in Q4 2026,” said Downey. Proceeds of the Australian offering are expected to fund the Stage 2 expansion, including procurement of mechanical and electrical equipment, freight to site, engineering design and construction. According to a technical report from 2023, the mine’s average annual gold production is expected to rise to 231,000 oz. in the first three full years after expansion.

Since yesterday’s new all-time highs for Bitcoin, Cryptocurrency markets have been grabbing their share of the general euphoria in equity markets in the past few weeks. US Indices are down in today’s stock market open, while major Cryptos are up big. Global equities are also in the red, led by EuroStoxx (-0.90%), pushed down by the pricing of renewed fears after Trump’s last letter, which notably announced 35% tariffs on Canada. Markets are still looking for ways to diversify from the US Dollar, as the current environment doesn’t allow investors to invest confidently in a country where the President does everything to instill uncertainty – and Cryptocurrencies are a major contender for the rewiring of these financial flows. Anyhow, let’s examine major Cryptocurrencies' intraday charts. Bitcoin is reaching new all-time highs by the hour, dragging up sentiment in altcoins. Read More: Bitcoin reaches fresh all-time high in market-wide breakout — what’s next? Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Cardano has been one of the best performing assets on low timeframes. The top cryptocurrency is hinting at further profits, as the Bitcoin price crosses a new all time high and the much awaited altcoin season approaches. At the time of writing, Cardano trades at $0.74 with a 18% profit over the past 24 hours. On higher timeframes, the cryptocurrency records a 28% profit followed by XRP’s 20% gains over the same period. Analyst Says Cardano Will Replicate a Historical Bull Run Unlike Ethereum and XRP, the Cardano price has been more consistent with its past performance. In that sense, analyst Ali Martinez pointed to the formation of a bullish pattern for ADA that could propel the digital asset above the critical level around $1. The analyst claims that the $0.55 support for Cardano has been a key support on high timeframes. The last time the cryptocurrency dropped to this level in April this year, as seen on the chart below, ADA was able to rise to over 55% and touched the $0.85 mark. ‘It’s happening again’ said Martinez while pointing at the bullish momentum driving Cardano since it touched the bottom of this parallel channel. If the cryptocurrency can sustain this drive, it is likely to touch its May highs before meeting critical resistance. ADA Could Trend Even Higher, Bullish Price Targets A separate analyst also took note of the Cardano price action and the way it seems to be mirroring past patterns. The analyst claims that Cardano is entering a critical breakout zone. However, unlike Martinez, the analyst is more bullish and believes the ADA price might rally as much as 212% over the coming weeks. The analyst placed a bullish price target for the Cardano price at around $1.7. The analyst stated the following while sharing the chart below: $ADA is now testing the 50-week EMA. The last 2 times it crossed this line, it went up 212% and 128%. If history repeats, we will be looking at $1.77 $ADA. Are you ready for the pump? In the long term, the analyst expects to see ADA hit $5 driven by its recent announcements, including a partnership with Tx Pipe to accelerate developer growth in Argentina that is set to benefit the Cardano ecosystem. On this partnership, Charles Hoskinson, CEO of IO, said: Their team represents the best of what Argentina’s developer community has to offer, and together we are building a foundation for long-term ecosystem growth. Our collaboration also fulfills the broader vision of making IO Buenos Aires a crypto hub. Cover image from ChatGPT, ADAUSD chart from Tradingview

Sharing fresh insights on X, Crypto Analysis AI observed that Chainlink is maintaining its upward trajectory, but not without signs of fading strength, identifying $14.20 as a key level to watch. Holding above this level could preserve the bullish structure, while a breakdown might trigger a deeper pullback. Mixed Signals In Focus: Chainlink Short-Term Strength Vs. Medium-Term Caution According to Crypto Analysis AI, LINK/USDT is currently showing mixed signals, with a slight bullish bias in the short term but potential consolidation or pullback risks in the medium term. The 1H timeframe shows more buy signals, while the 4H timeframe indicates weakening momentum after a strong uptrend. In the 1H timeframe, the following bullish signals are active: ADX (35.47, strong trend), EMA (EMA9 > EMA20), KDJ (buy), ICHIMOKU (buy), and TRIX (buy). At the same time, several indicators are flashing bearish signals, including MACD (histogram negative), PSAR (sell), and Keltner Channels (sell). Some metrics remain neutral, with RSI at 57.60 (not overbought) and OBV showing neutral. For the 4H timeframe, bullish signals include ADX (34.17, strong trend), MACD (positive histogram), and Supertrend (buy). However, KDJ (sell), SMI (sell), and Schaff Trend Cycle (overbought) are signaling possible weakness. RSI at 66.94 (nearing overbought) and neutral OBV further support a cautious medium-term view, which increases the risk of a pullback. Key Observations from Crypto Analysis AI note that short-term momentum favors bulls. However, medium-term indicators suggest exhaustion, pointing to the 4H RSI reading. Fluctuations And Consolidation Signal Caution Crypto Analysis AI reports that the current trend for Chainlink remains an uptrend, but is slowing. Looking at recent price action, Crypto Analysis AI observed that on the 1H timeframe, LINK fluctuated between $14.25 and $14.48, closing at $14.34. Meanwhile, on the 4H chart, there was a strong rally from $13.50 to $14.49, which is now consolidating near $14.30 and $14.40. The analyst also mentioned that volume is declining in the recent 1H candles, which suggests weakening momentum. Crypto Analysis AI identified the following key resistance levels: $14.48 (recent high) and $14.65 (upper Bollinger Band, 1H). In terms of key support, he pointed out $14.20 (recent swing low, 4H), followed by $13.90-$14.00 (psychological support, 4H EMA20) and $13.50 (strong support, previous breakout zone). Outlining potential bullish scenarios, Crypto Analysis AI explained that if LINK holds above $14.20, it could retest $14.48 and $14.65. In a bearish scenario, a break below $14.20 may lead to a deeper correction toward $13.90-$14.00. Meanwhile, for a neutral scenario, Chainlink may continue to consolidate between $14.20 and $14.48 before the next directional move. Finally, Crypto Analysis AI flagged several cautionary signals: 4H RSI near 67 could trigger profit-taking while the MACD histogram is declining despite higher highs. Furthermore, there is lower volume on recent up moves, suggesting weakening demand.

Q2 2025 delivered a decisive message: after a turbulent phase, crypto is back on top! The cryptocurrency sector posted a robust 21.72% return, outdoing every major US equity index by a wide margin. The crypto market left US equities in the dust. According to 99Bitcoins’ Q2 2025 Crypto Market Report published on 10 July 2025, “most US equity indices stayed below 15% in quarter-to-date (QTD) gains, only the S&P 500 Information Technology sector stood out with an 18.4% rise; the broader S&P 500 gained just 7.37%. In contrast, the crypto market outperformed them all with a strong 21.72% return.” Interestingly, the crypto industry saw a 18% drop in Q1 2025. Hence, the Q2 rebound is a notable recovery. The crypto gains of the second quarter of 2025 surpasses its performance in previous years, reversing a 14.44% fall in Q2 2024. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 So, What Drove Crypto’s Outperformance? What helped propel Bitcoin’s dominance to a four-year high of 63%? Institutional investor interest stood out. While retail traders shifted focus towards altcoins, institutions favored Bitcoin. According to the 99Bitcoins’ report investors’ interest in crypto picked up in Q2.” In April, blockchain-related mentions in SEC filings hit a record high of 5,830, likely due to the Trump administration’s pro-crypto approach,” the report stated. Furthermore, the US government provided much-needed regulatory clarity, passing key laws and executive orders that broadly support the crypto market. Notably, the removal of IRS reporting rules for DeFi platforms and relaxed requirements for banks engaging in crypto activities boosted confidence across the sector. After hitting a low in March 2025, the crypto Fear and Greed index rebounded into “greed” territory for over 60 days, buoyed by positive policy signals. Just yesterday, Bitcoin -the world’s most valuable crypto -soared pushing above $117,000, only for buyers to aggressively step in today, lifting BTC ▲6.76% to an all-time high of $118,409. The Fear and Greed Index from 99Bitcoins shows a reading of “67.” Read More: Bitcoin Hits ATH Without FOMO, Bitcoin Hyper Raises $2.3M Chris Wright, Global Head of Marketing at 21Shares weighed in. “We believe that Bitcoin ETFs will attract 50% more inflows this year compared to last year,” he said. “This would result in net inflows of approximately $55 billion in 2025, representing an increase of around $20 billion year-over-year. If this trend continues, the total assets under management could nearly double from just over $110 billion currently, to over $200 billion by the end of the year.” Stablecoins Steal the Spotlight The Web3 sector saw a surge in job openings for June 2025. While Ripple, Arbitrum Foundation, Stellar, and Ava Labs are among the firms actively recruiting for various roles, OKX, and Kraken have announced an expansion of their Web3 teams. “Hiring surges like this are typical during bull markets and reflect strong belief in the industry’s growth potential,” the report said. But, stablecoins led sector-wide demand. According to the report, 81% of small and medium businesses (SMBs) familiar with crypto are interested in using stablecoins for daily operations. Moreover, the number of fortune 500 companies planning to use stablecoins has triples since 2024. Circle’s successful IPA- where the company’s stock price soared 168% on debut – is proof od stablecoin related appetite and exposure. DISCOVER: 16 Next Crypto to Explode in 2025: Expert Cryptocurrency Predictions & Analysis The post Crypto’s 21.72% Surge in Q2 2025 Leaves Wall Street Behind appeared first on 99Bitcoins.

Bitcoin has officially broken through its previous all-time high of $112,000, surging to $118,000 just hours ago and entering uncharted territory for the first time since late May. The breakout confirms bullish momentum after weeks of consolidation and failed attempts, with price action now showing clear strength. With the psychological and technical barrier of $112K cleared, many analysts believe this move could mark the beginning of Bitcoin’s next expansive rally. Bulls are firmly in control, and on-chain metrics support this breakout narrative. According to fresh data from CryptoQuant, the MVRV (Market Value to Realized Value) Extreme Deviation Pricing Bands currently stand at 2.25. Historically, Bitcoin enters the overheated zone around 3.0 or higher, suggesting there is still room for growth before reaching excessive valuation territory. This metric, which measures the deviation between market price and realized value, helps identify when BTC is overbought or undervalued relative to past performance. At current levels, the data points to continued upside potential without major overheating concerns, fueling confidence that this breakout could extend further. Bitcoin Enters Expansion Phase As Market Eyes $130K After weeks of tight consolidation below the $110,000 mark, Bitcoin has finally broken out, signaling the start of a new market phase. The breakout above previous highs has reignited investor optimism, not only for BTC but also for the broader altcoin market, with many altcoins now pushing above key resistance levels for the first time in months. This move comes amid growing anticipation of a weakening US dollar and renewed inflationary pressures as Washington adopts looser fiscal policies. The market is increasingly pricing in the effects of tax cuts, high government spending, and dovish political rhetoric—all of which create a favorable environment for risk assets like Bitcoin. Still, the macro backdrop is not without risks. US Treasury yields remain elevated, flashing warnings of underlying systemic stress in credit markets. This tension underscores the fragility of the current rally and the importance of monitoring fundamental shifts. Top analyst Axel Adler shared insights using the MVRV oscillator, a model that compares Bitcoin’s market value to its realized value. According to Adler, historical data over the last four years suggests that when MVRV reaches 2.75, Bitcoin tends to face its first wave of meaningful selling pressure. If the same pattern holds true in this cycle, Bitcoin could reach approximately $130,900 before seeing notable profit-taking activity. While the current MVRV reading remains below that threshold, the model offers a clear signal of where long-term holders may begin offloading. Until then, the breakout sets the stage for a potential leg higher, with bulls now in control, pushing toward price discovery and a possible test of the $130K zone. BTC Enters Uncharted Territory With Strong Momentum Bitcoin has officially broken into price discovery after blasting through its all-time high resistance near $112,000. The 3-day chart shows a massive bullish candle pushing BTC up to $118,683, representing an 8.94% gain in the last session. This breakout is the first clear sign of a strong bullish continuation after weeks of sideways consolidation below key resistance. The chart highlights a textbook breakout structure. BTC respected the $103,600 and $109,300 support zones multiple times throughout May and June before finally gaining enough momentum to pierce through the upper resistance. The recent surge came with a noticeable spike in volume, adding confidence to the breakout’s sustainability. Moving averages also confirm the bullish trend. The 50, 100, and 200 SMA lines remain aligned upward with increasing separation, suggesting that market structure remains strong and trend continuation is likely. Bitcoin is now trading well above all major moving averages, reinforcing the strength of the rally. With no historical resistance levels above, BTC enters a price discovery phase. The next psychological target for bulls will likely be $120,000, followed by the MVRV-based resistance level around $130,900. As long as BTC holds above $112K, the momentum remains decisively in favor of the bulls. Featured image from Dall-E, chart from TradingView

Bitcoin’s up nearly 8.5% this week, approaching $120K and clocking over $123B in 24h volume. But now, the real volatility (and upside) is rotating into the best altcoins. Traders are chasing faster gains down the cap table (memes, AI tokens, new L1s), and Kraken’s making those trades easier to find and execute. If you’re looking for what’s next, not what already happened, Kraken’s where you start. Altcoin Rotation Is Heating Up Bitcoin’s ripping, but Ethereum’s catching up fast. $ETH is up over 17% this week and now flirting with the $3K mark. Historically, when $ETH gains momentum, the altcoin floodgates tend to open, and that’s exactly what we’re seeing. BTC dominance is also slipping below 65%, a key signal that traders are rotating into higher-beta plays. On Kraken, it’s not just the best meme coins flying. In the past 24 hours, Omni ($OMNI) pumped +174%, Matchain ($MAT) +66%, and Dolomite ($DOLO) +53.35%. Even coins like Renzo ($REX), Initia ($INIT), and Unicorn Fart Dust ($UFD) are putting up 30–50% days. With many low-cap, high-velocity tokens, Kraken gives you the first shot at these rotations before the crowd catches on. Kraken Moves with the Market In the past three days alone, Kraken has listed $HBAR, $TANSSI, and $EPT. These additions align perfectly with what traders are rotating into: AI, Layer 2 (L2) infrastructure, and real-world asset plays. That speed and narrative alignment isn’t a fluke. Kraken just climbed to #2 globally in Kaiko’s Q2 2025 Exchange Rankings, a data-driven benchmark that weighs market quality, regulatory strength, liquidity, and transparency. Kraken scored high across the board, particularly on depth and execution reliability – two pillars that matter most when chasing volatile small caps. For traders trying to stay in sync with the flow of capital, Kraken is a front-row seat to what’s next. Built for the Way You Trade Altcoins Catching altcoin moves isn’t just about spotting the right tokens. It’s about having the tools to act on them fast. With 452+ listed assets, Kraken exposes you to everything from the best low-cap coins to AI, L2s, and real-world asset plays, all in one place. Kraken lets you buy instantly using bank transfers, cards, Apple Pay, Google Pay, or PayPal. So you’re never stuck on the sidelines when the market starts moving. You can go long on a momentum play, hedge it with 300+ derivatives, or stake your bags across 20+ supported assets, including newer staking listings like $SUI. Need flexibility? Kraken offers up to 5x margin and consistently deep liquidity, with 88% of 2024 orders filling at the top of the book, minimizing slippage when every second counts. For altcoin traders also tracking macro trends, Kraken’s xStocks expansion brings tokenized equities like TSLA, AAPL, and SPY into play, bridging TradFi and crypto in real time. Alt Season Needs a Platform Bitcoin lit the fuse, but the real action is in altcoins. With capital rotating fast and new narratives popping up daily, you need a platform that keeps up. Kraken’s deep listings, fast access to new tokens, and pro-grade trading tools give you everything you need to execute quickly and confidently when a window opens. This content is for informational purposes only and does not constitute financial advice. Always do your own research (DYOR) before making any investment decisions. All crypto assets mentioned in this piece are volatile and carry risk.

CA Unemployment Rate June, 6.9% vs 7.1% expected, beat of +0.2%CA Net Change in Employment June, +83.1k vs. +0k expected, beat of +83,100CA Average Hourly Wages June (YoY), +3.2% vs +3.0% expected, beat of 0.2%CA Building Permits May (MoM), 12% vs -0.8% expected, beat of +12.8%CA Participation Rate June, 65.4% vs 65.0% expected, beat of +0.4% CA Unemployment Rate (June 2025): close CA Unemployment Rate, Statistics Canada/Statistique Canada, 11/07/2025 CA Unemployment Rate, Statistics Canada/Statistique Canada, 11/07/2025 Breaking: The Canadian economy added +83,100 jobs in June, beating expectations by +83,100. Unemployment also fell to 6.9%, returning to levels seen in April. As part of the same release, average hourly wages rose by 3.2% YoY, building permits rose by 12%, and the participation rate rose to 6.5%, all beating expectations. Key takeaway: The Canadian labour market is healthier than previously thought, reducing the current case for further rate cuts by the Bank of Canada and vindicating current choices on monetary policy. Labour Force Survey, June 2025, StatCan 11/07/2025 Market Reaction In the minutes following the release, USD/CAD trades 0.13% lower, while CAD/JPY trades 0.20% higher. Markets now look towards further US economic releases today: 12:00 EDT US USDA WASDE Report13:00 EDT US Baker Hughes US Oil Rig Count14:00 EDT US Monthly Budget Statement June15:30 EDT AU CFTC AUD NC Net Positions15:30 EDT EU CFTC EUR NC Net Positions15:30 EDT JP CFTC JPY NC Net Positions15:30 EDT GB CFTC GBP NC Net Positions15:30 EDT US CFTC Gold NC Net Positions15:30 EDT US CFTC Oil NC Net Positions15:30 EDT US CFTC S&P 500 NC Net Positions Read the full release: Labour Force Survey, June 2025, StatCan Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.