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Bitcoin price is struggling to recover above $112,500. BTC is now consolidating and might decline if there is a move below the $110,800 level. Bitcoin started a recovery wave above the $110,800 zone. The price is trading above $111,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $110,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $113,000 zone. Bitcoin Price Faces Key Hurdles Bitcoin price started a fresh recovery wave from the $110,000 zone. BTC managed to climb above the $110,800 and $111,200 resistance levels. The bulls were able to push the price above the 50% Fib retracement level of the key decline from the $113,372 swing high to the $110,039 low. However, the bears remained active near the $112,600 zone and prevented more gains. The 76.4% Fib retracement level of the key decline from the $113,372 swing high to the $110,039 low acted as a resistance. Bitcoin is now trading above $111,000 and the 100 hourly Simple moving average. Besides, there is a bullish trend line forming with support at $110,800 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $111,750 level. The first key resistance is near the $112,000 level. The next resistance could be $112,550. A close above the $112,550 resistance might send the price further higher. In the stated case, the price could rise and test the $113,000 resistance level. Any more gains might send the price toward the $114,200 level. The main target could be $115,000. Another Decline In BTC? If Bitcoin fails to rise above the $112,550 resistance zone, it could start a fresh decline. Immediate support is near the $110,800 level and the trend line. The first major support is near the $110,500 level. The next support is now near the $110,000 zone. Any more losses might send the price toward the $108,800 support in the near term. The main support sits at $107,500, below which BTC might decline sharply. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $110,800, followed by $110,000. Major Resistance Levels – $112,550 and $113,000.

Solana (SOL) experienced a notable 6% price increase to start the week, following the announcement of a new initiative involving three major players in the crypto sector: Galaxy Digital, Jump Crypto, and Multicoin Capital. This collaboration aims to establish a new Solana treasury. $1.65 Billion PIPE Offering To Establish Solana Treasury In a revelation made earlier on Monday, Forward Industries (FORD) disclosed its plans for a private investment in public equity (PIPE) offering, with commitments totaling $1.65 billion in cash and stablecoins. This offering is being spearheaded by crypto-focused investment manager Galaxy Digital, Jump Crypto, and Multicoin Capital, all of which will provide vital capital for the new treasury fund. Financial advisor C/M Capital Partners will also participate in this venture. By leveraging the expertise and resources of Galaxy Digital, Jump Crypto, and Multicoin, Forward Industries aims to generate increased on-chain returns and enhance long-term shareholder value through active participation in Solana’s growth. Related Reading: Dogecoin Leads Altcoin Rally Amid ETF Speculation: Is $1.50 the Next Big Target? Michael Pruitt, CEO of Forward Industries, expressed his view about the initiative, stating, “Our strategy to build an active Solana treasury program underscores our conviction in the long-term potential of SOL and our commitment to building shareholder value by directly participating in its growth.” As part of this initiative, Kyle Samani, co-founder and Managing Partner of Multicoin, is expected to assume the role of Chairman of the Board of Directors upon the closing of the PIPE. Samani, who has been a long advocate of the Solana protocol, believes that the platform is often “misunderstood and undervalued,” stating: Real economic value is being generated on Solana. An institutional-scale treasury can be deployed in sophisticated ways within the Solana ecosystem to create differentiated value and increase SOL per share at a faster rate than simply being a passive holder.” Galaxy’s President and Chief Investment Officer, Chris Ferraro, along with Saurabh Sharma, Chief Investment Officer at Jump Crypto, are also anticipated to join as Board observers. SOL Strategies Set For Nasdaq Debut Mike Novogratz, Founder and CEO of Galaxy, expressed confidence in the initiative, stating that with the leadership of Samani, Ferraro, and Sharma, Forward Industries is poised to distinguish itself as a leading publicly traded entity within the SOL ecosystem. Jump Crypto’s Sharma echoed this sentiment, expressing excitement about Forward Industries’ strategy centered on Solana. He emphasized the opportunity to offer investors access to innovative on-chain return sources that extend beyond traditional staking, leveraging Solana’s advanced decentralized finance ecosystem. Notably, the new treasury company will join SOL Strategies. As reported by NewsBTC last week, SOL Strategies was the first Solana treasury firm to receive approval for listing on the Nasdaq under the ticker symbol “SRKTE.” Trading is expected to begin on Tuesday. With the formation of the new treasury company, SOL’s price skyrocketed toward the key $215 line, outperforming its peers in the top 10 largest cryptocurrencies, including Bitcoin (BTC). However, SOL still trades 27% below the $293 record reached earlier this year. Featured image from DALL-E, chart from TradingView.com

The GBP/USD currency pair also continued its upward movement in Monday's trading, even though volatility was fairly low. Throughout Monday, traders received no significant macroeconomic or fundamental news, so the sluggish market activity is quite understandable. At the same time, last Friday and the previous week provided plenty of food for thought. Over recent weeks, we've grown tired of repeating the same thing—there is simply no reason for the dollar to rise. Of course, that doesn't mean the dollar cannot rise by definition. It just means there are no grounds for it to do so. As always, the problem lies with the big players—market makers who, thanks to their capital, can manipulate the market, hunt for retail traders' liquidity, and move prices against the broader market direction. For example, we are convinced that last Tuesday's crash in the British pound was pure manipulation, as we discussed several times last week. What happened? GBP/USD was trading calmly, only to then suddenly crash 200 pips lower for no apparent reason. Of course, a "reason" was quickly found—the yield on UK government bonds reached its highest level since 1998. But one has to ask, does the market think that a bond yield of 5.6% is okay (since at that value the pound had no problems), but 5.7% is suddenly too much? Bond yields don't rise to 5.7% overnight! This crash in the British pound only showed us that a new wave of the uptrend is inevitable. The fundamental backdrop remains disastrous for the dollar, and by the way, the yield on US Treasuries is rising steadily too, creating extra strain on the budget. US labor market and unemployment data, in essence, put an end to any hopes for the dollar's growth, even a slight one. Nonfarm Payrolls for the fourth consecutive month came in at very low values, unemployment is rising, and this week we are almost sure to see an uptick in US inflation for August. Recall that rising inflation is more of a bullish factor for the dollar, as the Federal Reserve is then not supposed to cut the key rate—otherwise, that would trigger even higher inflation. But how are they supposed to save the jobs market then? The answer is simple: they have to choose either to save the jobs market or continue fighting high inflation, which will keep rising due to Donald Trump's trade war. Therefore, another rise in inflation is unlikely to save the dollar from falling. On the daily timeframe, it's clear that the pair corrected for precisely one month, managing a perfect 38.2% Fibonacci retracement. A new wave of growth began on August 1. In recent weeks, the price has remained relatively stable, mainly due to the market's anticipation of the Nonfarm Payrolls report. On Friday, those hopes were dashed, so selling the US dollar can continue. The average volatility for GBP/USD over the last five trading days is 116 pips. For the pound/dollar pair, this is considered "high." On Tuesday, September 9, we expect movement within the range bounded by levels 1.3428 and 1.3660. The upper channel of linear regression is pointing upwards, which clearly indicates an upward trend. The CCI indicator once again entered the oversold area, further warning about the resumption of the uptrend. Nearest Support Levels:S1 – 1.3489 S2 – 1.3428 S3 – 1.3367 Nearest Resistance Levels:R1 – 1.3550 R2 – 1.3611 R3 – 1.3672 Trading Recommendations:The GBP/USD currency pair is again aiming to resume its uptrend. In the medium term, Trump's policies are likely to continue putting pressure on the dollar, so we do not expect the dollar to rise. Therefore, long positions with targets at 1.3611 and 1.3672 remain much more relevant while the price is above the moving average. If the price slips below the moving average, small shorts can be considered on strictly technical grounds. From time to time, the US currency does show corrections, but for a sustainable trend reversal, it needs real signs of an end to the global trade war or some other major positive factors. Chart Elements Explained:Linear regression channels help determine the current trend. If both channels point in the same direction, the trend is strong.The moving average line (settings 20,0, smoothed) indicates the short-term trend and trade direction.Murray levels serve as target levels for moves and corrections.Volatility levels (red lines) are the likely price channel for the next day, based on current volatility readings.The CCI indicator: dips below -250 (oversold) or rises above +250 (overbought) mean a trend reversal may be near.The material has been provided by InstaForex Company - www.instaforex.com

The EUR/USD currency pair traded relatively quietly on Monday, which is not surprising, as the macroeconomic and fundamental background in both the EU and the US was virtually absent. Donald Trump continues to make statements almost every day, but at present, his comments are more about resolving conflicts between Ukraine and Russia, as well as in the Gaza Strip. You could say that Trump has eased up a bit on his pressure on the rest of the world regarding the "unfairness in trade that allowed many countries to rob the US for decades." It would seem there's no better time for the dollar to rally. For once, Donald Trump is not introducing new tariffs or raising existing ones. However, as we have said many times before, the US currency basically has no reason to cheer. What is there to be happy about if the economy continues to weaken despite a strong GDP figure for Q2? After all, GDP is not the only indicator of the state of the economy. For example, last week showed that business activity in the manufacturing sector continues to fall, the number of job openings is decreasing, new job creation has remained minimal for four straight months, and unemployment is rising. Can we really celebrate GDP growth under these circumstances? We believe not. The economy may post double-digit growth, but if unemployment is rising, inflation is rising, the labor market is shrinking, and the Federal Reserve is cutting rates, then the dollar will continue to fall for a very long time. And that is precisely the scenario we are heading towards. No one doubts anymore that the Fed will cut the key rate in September. Now, the market is questioning whether the central bank will cut rates only twice by 0.25% before year-end. Last week's hopes were pinned to the Nonfarm Payrolls report. Traders were hoping the number might beat the not-so-positive forecast, which would have suggested stabilization in the labor market. But that didn't happen. Therefore, the Fed will have to cut rates to save the jobs market. A more dovish monetary policy will give companies access to cheap loans, which can be channeled into development and investment, allowing new jobs to be created—or at least that's how the theory should work. In practice, it's not that simple. Recall that Trump's policies also concern migrants, both legal and illegal. With the stroke of his pen, Trump can turn hundreds of thousands of legal migrants into illegals. Given that the US, as a country, exists only because of migrants, it is not surprising that the labor market is shrinking. First, no one wants to work in America with such a president. Second, deportations from the US continue, so the labor force is shrinking. The economy is struggling due to import tariffs; demand, incomes, and profits are all falling. Meanwhile, GDP is growing thanks to additional budget revenues, and the Department of Defense is now called the Department of War. The average volatility of EUR/USD over the last five trading days as of September 9 is 77 pips, which is considered "average." On Tuesday, we expect the pair to move between the levels of 1.1674 and 1.1828. The linear regression channel's upper band is pointing upward, still indicating an upward trend. The CCI indicator entered the oversold area three times, warning of the renewal of the uptrend. A bullish divergence also formed, signaling growth. Nearest Support Levels:S1 – 1.1719 S2 – 1.1658 S3 – 1.1597 Nearest Resistance Levels:R1 – 1.1780 R2 – 1.1841 Trading Recommendations:The EUR/USD pair may resume its uptrend. The US currency is still strongly impacted by Trump's policies, and he has no intention of "resting on his laurels." The dollar has risen as much as it could, but now it seems time for a new round of prolonged decline. If the price settles below the moving average, small shorts with a target of 1.1597 can be considered. Long positions remain relevant above the moving average, with targets at 1.1780 and 1.1828 as part of the trend's continuation. Chart Elements Explained:Linear regression channels help determine the current trend. If both channels point in the same direction, the trend is strong.The moving average line (settings 20,0, smoothed) indicates the short-term trend and trade direction.Murray levels serve as target levels for moves and corrections.Volatility levels (red lines) are the likely price channel for the next day, based on current volatility readings.The CCI indicator: dips below -250 (oversold) or rises above +250 (overbought) mean a trend reversal may be near.The material has been provided by InstaForex Company - www.instaforex.com

GBP/USD 5-Minute Analysis On Monday, the GBP/USD currency pair also traded higher and returned to its resistance area, which can rightly be considered the upper boundary of the sideways channel. Recall that the British pound has not been in a flat range in recent weeks like the euro. Nevertheless, its movement was hardly trending either, and the bulls failed to overcome the 1.3525–1.3548 resistance area after four attempts. However, traders are not giving up on efforts to break through, so we believe this area ultimately will not hold. On Monday, neither the UK nor the US saw any important events or reports. Yet, the British pound strengthened again. We take this as a "hint" regarding the further direction of movement. Today in the US, the annual Nonfarm Payrolls report will be published, and considering the last four monthly numbers, it's hard to expect a positive reading. Therefore, today we may see this resistance area finally broken. Overall, even without the new US labor market report, we see no reason for the dollar to end its 2025 decline. So, whether or not Nonfarm Payrolls disappoint again, we still expect only upward movement. On the 5-minute timeframe on Monday, exactly one trading signal was formed. It wasn't a good one. During the European trading session, the price bounced from 1.3525 but managed to move down just 15 pips. The signal turned out to be false. During the US session, the price entered the 1.3525–1.3548 area and did not leave it until evening, so no new trading signal was generated. COT Report COT reports for the British pound show that in recent years, commercial traders' sentiment has constantly shifted. The red and blue lines—representing commercial and non-commercial net positions—constantly cross and, in most cases, are close to zero. Right now, they are at about the same level, which indicates roughly equal positions for buying and selling. The dollar continues to decline due to Trump's policies, making demand from market makers for the pound sterling less significant at this time. The trade war will continue in some form for a long while. The Fed will cut rates anyway in the coming year. Dollar demand, one way or another, will fall. According to the latest pound sterling report, the "Non-commercial" group opened 600 BUY contracts and 1,800 SELL contracts. Thus, the net non-commercial position decreased by 1,800 contracts during the week. GBP surged in 2025, but it's crucial to note that the primary factor was Trump's policy. As soon as that factor is neutralized, the dollar may rise again, but when is anyone's guess. No matter how fast or slow net positioning in the pound grows or falls, it's the dollar that keeps dropping—and usually at a faster rate. GBP/USD 1-Hour Analysis In the hourly timeframe, GBP/USD is ready to establish a new upward trend. In our view, the pair has had enough of a correction in recent weeks to resume the global uptrend that started back in January. The fundamental and macroeconomic background has not changed in recent weeks, so there is still no basis for expecting medium-term dollar strength. For September 9, we highlight the following important levels: 1.3125, 1.3212, 1.3369–1.3377, 1.3420, 1.3525–1.3548, 1.3615, 1.3681, 1.3763, 1.3833, 1.3886. The Senkou Span B (1.3443) and Kijun-sen (1.3441) lines can also serve as signal sources. We recommend setting a Stop Loss to break even after the price moves 20 pips in the right direction. The Ichimoku indicator lines may shift during the day, so this should be considered when determining trading signals. On Tuesday, the US may deliver "another verdict" on the dollar, as the annual Nonfarm Payrolls report will be published. Accordingly, a sharp surge in volatility is possible during the US trading session. Trading RecommendationsWe believe that on Tuesday, everything will depend on the 1.3525–1.3548 area. If it is broken on the fifth attempt, a logical and justified rally will continue with a target of 1.3615. If the fifth attempt fails, a new round of downward correction will begin down to the Ichimoku indicator lines. Illustration Explanations:Support and resistance price levels – thick red lines where movement may end. They are not trading signal sources.Kijun-sen and Senkou Span B lines—These are strong Ichimoku indicator lines transferred to the hourly timeframe from the 4-hour one.Extremum levels – thin red lines where the price has previously rebounded. These act as trading signal sources.Yellow lines – trend lines, trend channels, and other technical patterns.Indicator 1 on the COT charts – the size of the net position for each category of traders.The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD 5-Minute Analysis The EUR/USD currency pair resumed its upward movement on Monday, but volatility throughout the day was low, and the only more or less significant report on German industrial production provoked no market reaction at all. By the start of the US trading session, the price returned to the 1.1750–1.1760 area, which it had already traded around on Friday, but once again failed to break through it. Thus, the upward trend remains, but breaking through the 1.1750–1.1760 area is still needed for a further, quite logical strengthening of the European currency. In our view, the market still has enough reasons to keep selling off the dollar. However, we observe that over the last couple of months, volatility in the market has dropped sharply, and traders are in no hurry to sell the US currency. Truth be told, they are even less in a hurry to buy it. As a result, euro growth continues, albeit at a slower pace than in the first half of 2025. On Friday, the Nonfarm Payrolls report flopped, and on Tuesday, it could flop again. Tomorrow, the annual revision of this indicator will be published, so we can fully expect increased volatility and another decline of the dollar. In our opinion, whether quickly or slowly, the dollar will continue to lose value going forward. On the 5-minute timeframe, not a single trading signal was formed on Monday. The price worked the 1.1750–1.1760 area, which allowed for opening short positions, but the trend is now upward, and there is a risk of a new fall in the US currency today. COT Report The latest COT report is dated September 2. The chart above clearly shows that the net position of non-commercial traders was bullish for a long time, and bears only tenuously took control at the end of 2024, but quickly lost it. Since Trump became the US president, the dollar has been the only currency to fall. We can't say with 100% certainty that the US dollar's decline will continue, but current world events point precisely in that direction. We still see no fundamental factors for strengthening the euro, but there remain plenty of reasons for the dollar to decline. The global downtrend remains intact, but does it matter where the price has moved over the last 17 years? Once Trump ends his trade wars, the dollar may go up again, but recent events show that the trade war will continue in one form or another. A potential loss of Fed independence is yet another strong pressure factor on the US currency. The positioning of the indicator's red and blue lines still shows a bullish tendency. During the last reporting week, long positions from the "Non-commercial" group decreased by 2,700, while shorts increased by 700. The net position for the week thus decreased by 3,400, which is an insignificant change. EUR/USD 1-Hour Analysis In the hourly timeframe, the EUR/USD pair took its first step toward forming a new uptrend, but since then, the market has been flat for several weeks now. Those global factors behind the fall of the US currency, which we constantly discuss, have not gone away. We still see no grounds for the medium-term growth of the dollar. Therefore, we cannot forecast its rise. The disappointing Nonfarm Payrolls report only brings a new collapse of the US currency closer. For September 9, we highlight the following trading levels: 1.1092, 1.1147, 1.1185, 1.1234, 1.1274, 1.1362, 1.1426, 1.1534, 1.1604–1.1615, 1.1666, 1.1750–1.1760, 1.1846–1.1857, as well as the Senkou Span B line (1.1660) and Kijun-sen line (1.1684). The Ichimoku indicator lines may move during the day, which should be taken into account when determining trading signals. Don't forget to set your Stop Loss to break-even if the price moves 15 pips in the right direction. This will protect against potential losses should the signal turn out to be false. On Tuesday, only one report will be published, but this report is worth a dozen others. In the second half of the day, the revised annual figure will be released, and traders have every reason to expect it to be revised downward, not upward. Thus, tomorrow the dollar could very well resume its slow decline. Trading RecommendationsOn Tuesday, the price may continue the decline that began on Monday after the second consecutive rebound from the 1.1750–1.1760 area. A flat is essentially still in place, so a new round of decline is a logical development. However, we believe the rebound will be weak, and in the second half of the day, we expect weak Nonfarm data and fresh growth of the pair. Illustration Explanations:Support and resistance price levels – thick red lines where movement may end. They are not trading signal sources.Kijun-sen and Senkou Span B lines—These are strong Ichimoku indicator lines transferred to the hourly timeframe from the 4-hour one.Extremum levels – thin red lines where the price has previously rebounded. These act as trading signal sources.Yellow lines – trend lines, trend channels, and other technical patterns.Indicator 1 on the COT charts – the size of the net position for each category of traders.The material has been provided by InstaForex Company - www.instaforex.com

Cardano has just seen a surge beyond the $0.85 mark, potentially confirming a bullish breakout forming in the asset’s 4-hour price chart. Cardano Is Breaking Out Of A Falling Wedge Pattern In a new post on X, analyst Ali Martinez has talked about a technical analysis (TA) pattern forming in the 4-hour price of Cardano. The pattern in question is a “Falling Wedge,” which belongs to the broader class of Wedges. Wedges form whenever an asset travels between two converging trendlines. When the lines are sloped upward, the formation is known as a Rising Wedge. Similarly, price action to the downside creates a Falling Wedge. Wedges sound similar to Triangles, which also involve converging trendlines, but the key difference between the two is that Triangles are consolidation patterns, while Wedges involve some net movement up or down. Just like with Triangles, though, the trendlines of the channel act as support/resistance barriers for the price. Also, a breakout of either of these bounds can imply a continuation of the trend in that direction. Generally, Wedges are considered more likely to lead to reversals. A Falling Wedge may see the price eventually break past the upper line, while a Rising Wedge could end with a breakdown of support. Cardano has recently been moving inside a channel similar to a Falling Wedge. Below is the chart shared by Martinez, showcasing the formation. At the time the analyst posted the graph, Cardano was beginning to show signs of a surge beyond the resistance line of this Falling Wedge. The breakout attempt came as the asset was closing in on the convergence point of the trendlines. Near the apex of such patterns, price action occurs inside a tight range, so breakouts can become more likely. This could be what was developing for ADA at the time. Martinez noted in the post that the cryptocurrency must break past $0.84 to confirm the bullish breakout. Since then, ADA has surged further, reaching the $0.85 level. Thus, it’s possible that a sustainable break could really be kicking off for the coin, at least if the Falling Wedge is anything to go by. While Cardano is witnessing this Falling Wedge, fellow altcoin Solana has been traveling inside a Rising Wedge instead, as pointed out by the analyst in an earlier X post. As displayed in the chart, Solana has been trading inside this Rising Wedge for a few months now and is slowly inching toward the end of it. If the pattern is going to be a reversal one, then a bearish breakout may be coming for SOL. ADA Price At the time of writing, Cardano is floating around $0.851, up almost 4% over the last seven days.

SwissBorg has confirmed a serious breach that led to the loss of around $41 million worth of Solana. The issue came from its SOL Earn product, where users lock up their SOL to earn rewards. The funds were taken from the platform through a compromised API tied to a third-party staking provider. SwissBorg says about one percent of user accounts were directly impacted, but the total amount lost adds up to about two percent of the company’s overall assets. Breach Traced to Staking Partner Kiln The breach wasn’t due to any failure in SwissBorg’s core systems. Instead, the attackers found a way in through Kiln, a third-party provider responsible for staking infrastructure. The attackers used Kiln’s API to access and move 193,000 SOL. Since Kiln operates behind the scenes, the activity slipped through without triggering internal alarms at SwissBorg. SwissBorg Covers Losses With Its Own Funds The company was quick to respond. It said it would fully reimburse all affected users using its own Solana holdings. A live update from SwissBorg’s CEO laid out the facts, confirming that no other parts of the platform were touched. Services are still running normally, and the company is treating this as a top priority. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in September2025 Investigations Are Already Underway SwissBorg has brought in forensic experts to trace the stolen funds. A number of crypto exchanges have already frozen suspicious transactions tied to the attack. The team is also working with white-hat hackers to monitor wallet movements and try to track where the money is headed next. SolanaPriceMarket CapSOL$115.18B24h7d30d1yAll time Outsourcing Comes With Its Own Risks This situation highlights how external integrations can become weak points, even if a company’s own systems are secure. The trust placed in backend providers like Kiln means vulnerabilities in their code can affect everyone upstream. For crypto platforms, it’s a reminder that the whole stack needs constant oversight. Platform Operations Remain Stable Despite the size of the loss, SwissBorg insists the company is financially sound. Using the funds to cover the stolen SOL will not impact other services. From a user perspective, there’s no indication of wider fallout. That level of stability, especially so soon after a breach, helps keep panic at bay. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Users React With a Mix of Relief and Concern Some users were quick to thank SwissBorg for taking responsibility and acting fast. Others voiced concern about how deep the integration with external providers goes. There’s clearly a trust issue when breaches happen in places most users don’t even know exist. But overall, the transparency in the response has helped calm some nerves. Focus Now Shifts to Prevention SwissBorg says it will revisit its third-party relationships and tighten security protocols around API access. The company is also expected to update its due diligence processes before integrating new services in the future. How they handle this next phase may shape how other firms in the space look at their own risk exposure going forward. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways SwissBorg lost $41 million in Solana due to an API exploit linked to its staking partner Kiln, not from its own core systems. Roughly one percent of user accounts were directly affected, and SwissBorg has promised full reimbursement using its own funds. The exploit allowed attackers to move 193,000 SOL by compromising Kiln’s backend API, bypassing SwissBorg’s internal alerts. SwissBorg is working with forensic teams and exchanges to trace the stolen funds and monitor wallet activity tied to the breach. The incident highlights the risk of third-party integrations and has pushed SwissBorg to review its API security and vendor relationships. The post SwissBorg Loses $41 Million in Solana After Partner API Exploit appeared first on 99Bitcoins.

A serious security scare has hit the open-source software world, and it’s got big implications for crypto. Ledger’s chief technology officer has raised the alarm after discovering that several popular JavaScript packages on NPM were quietly compromised. The hack affects libraries used in millions of apps and websites and could redirect crypto funds during a transaction without the user ever noticing. Code Injected to Secretly Hijack Wallet Transfers The malicious code works by slipping into the background and waiting for a transaction to happen. When a user tries to send crypto, the malware silently swaps out the destination wallet address. On the surface, everything still looks fine. The user sees the address they intended to send to, but under the hood, the funds go somewhere else entirely. That fake address is controlled by the attacker. Popular Libraries Pulled Into the Mess What makes this attack so dangerous is how widespread these packages are. The affected tools include libraries like chalk, debug, and ansi-styles. These aren’t obscure tools. They get downloaded billions of times every year and are part of the backbone for many crypto platforms. This breach isn’t just big, it’s everywhere. DISCOVER: Best New Cryptocurrencies to Invest in 2025 A Single Phish Opened the Floodgates It all started with a phishing email. The attacker tricked one of the developers with access to these libraries into handing over credentials. Once inside, the attacker added their own code to the libraries. Developers and users then unknowingly pulled the infected versions into their apps. The attack spread silently through the usual channels, without raising any red flags at first. Hardware Wallets Still Offer a Safety Net According to Ledger’s team, hardware wallets are not affected by this issue. Since they let users verify the final destination address on a physical screen before signing a transaction, they can catch tampered addresses. That extra layer of confirmation gives users a fighting chance, even if the browser or app has been compromised. It’s one of the few safeguards still standing in a situation like this. DISCOVER: 20+ Next Crypto to Explode in 2025 Developers Urged to Pause and Lock Things Down In the meantime, developers have been told to stop using auto-updating packages and lock their dependencies to known-safe versions. This stops the tainted code from being pulled into new builds. Teams are now scrambling to audit their setups and clean house. It’s not just about patching the code, it’s about making sure the same thing can’t happen again. BitcoinPriceMarket CapBTC$2.22T24h7d30d1yAll time Open Source Is Powerful, but Also Fragile This breach shows just how much trust the software world places in shared tools and how easy that trust is to break. Open-source code lets people build fast, but when even one piece of that system goes bad, the damage spreads quickly. Especially in crypto, where the stakes are higher than most. Staying Safe While the Cleanup Continues It will take time to clean up the damage. Until then, users should avoid browser wallets for on-chain transactions and stick to hardware wallets if they can. Developers need to stay sharp and recheck every package they rely on. This was a wake-up call, and the message is clear. When real money is involved, even the smallest piece of code needs to be treated with care. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Ledger’s CTO has warned that compromised JavaScript libraries on NPM are being used to silently hijack crypto transactions. Malicious code swaps wallet addresses during transfers, sending funds to attackers while keeping the screen display unchanged. Popular libraries like chalk and debug were infected, impacting apps across the crypto ecosystem due to their widespread use. Hardware wallets remain unaffected, giving users a way to verify the real destination address before signing any transaction. Developers are being urged to lock dependencies and stop using auto-updates to prevent further spread of the compromised code. The post Ledger CTO Warns of Serious NPM Hack That Can Hijack Crypto Transactions appeared first on 99Bitcoins.

Bitcoin price is currently at a critical juncture, sitting right on top of the Bull Market Support Band. Throughout past bull cycles, this band has historically served as a crucial support level, with price retesting it during corrections and bouncing off it to continue its upward trend. Why This Level Matters For Bitcoin Uptrend In an X post, full-time crypto trader and investor, Daan Crypto Trades, has pointed out that Bitcoin is currently sitting directly on top of the Bull Market Support Band. This level has long been regarded as one of the most reliable high-timeframe momentum indicators. Daan Crypto Trades noted that while Bitcoin has seen short-term consolidation at or even slightly below this band, it has never experienced a prolonged detachment for more than a week or two during a bull market. The broader market structure remains intact as long as Bitcoin continues to print higher highs and higher lows on the larger timeframe. However, any subsequent dips that occur while this structural integrity is maintained are generally seen as areas of interest and potential buying opportunities for investors. The Role Of Liquidity In Driving Bitcoin’s Next Move Bitcoin is showing the first bearish divergence against the Global M2 Money supply since the cycle lows began, and signaling a potential slowdown in momentum. According to Saint Pump, a market expert, a one-month liquidity pullback is expected in late September, coinciding with the Federal Reserve (Fed) anticipated rate cut amid job weakness. This confluence of a bearish technical signal and a macroeconomic liquidity event suggests that BTC’s recent poor price action since July and divergence with global liquidity will continue leading to a period of choppy price action. In addition, there will be volatile trading until global liquidity conditions improve in late October. Adding to the short-term pressure, October also marks the expected end of the four-year cycle, which historically brings additional selling activity. Despite these headwinds, no major cycle top or euphoria signals are evident. Saint Pump noted that the Trump Administration may unleash a monetary bazooka through a Fed takeover to stimulate the economy ahead of the midterms. As a result, this cycle could extend into late 2026, until Inflation fears resurface once the Fed overdoes it due to political pressures. From a technical perspective, the best bid scenario in a sell-off lies between $93,000 and $98,000, aligning with a retest of the weekly 55 Exponential Moving Average (EMA), which has sustained the bull trend since last year. While short-term volatility is expected, the broader uptrend remains structurally sound.

Michael Saylor’s Strategy Inc., formerly known as MicroStrategy, added 1,955 Bitcoin between September 2 and 7, spending $217.4M – but will this acquisition go long? According to new filings with the US Securities and Exchange Commission (SEC), the latest purchase brings the firm’s total holdings to 638,460 BTC. The average price of the new batch was $111,196 per coin. Across all purchases, the company’s average cost stands at roughly $73,880 per Bitcoin. The episode underscored Strategy’s reliance on Bitcoin as a financial anchor, setting it apart from peers tied more closely to traditional equity benchmarks. DISCOVER: 20+ Next Crypto to Explode in 2025 Bitcoin Price Analysis: Can Bulls Turn the Short-Term Bounce Into a Broader Rally? Analysts at QCP Capital noted that Bitcoin holding steady above $110,000, despite the S&P decision, reflects market resilience. With BTC trading in the $110,000 to $112,000 range, Strategy continues to benefit from both price appreciation and long-term gains on its holdings. Bitcoin’s 4-hour chart shows a clear shift in momentum after a rebound from late-August lows. As per Tradingview data, at press time, BTC price is trading near $112,410, up +0.65% on the recent session. Price is back above the 50-EMA ($110,961) and 100-EMA ($111,577), and that points to improving short-term strength after weeks of quiet trade. Through the second half of August, Bitcoin trended lower. It slipped from above $120,000 to test support near $108,000, with steady selling and lower highs. Since early September, it has steadied, built a base around $110,000, and pushed higher. Today’s move hints at a possible turn, and the climb back over the key EMAs shows buyers are stepping in. A run of higher lows since September 1 supports that view. Volume is also picking up on green candles, which suggests accumulation is in play. Immediate resistance is $112,800–$113,000, a band that capped recent rallies. A clean break and hold above that zone could open a path to $116,000, with a stretch target near the late-August swing highs around $120,000. On the downside, $110,000 is the first support, with $108,500 as a deeper backstop if momentum fades. Bitcoin is attempting a recovery from its multi-week pullback. To confirm a medium-term shift, bulls need to keep the price above the EMAs and build follow-through. The next few sessions will show whether this bounce can grow into a broader rally. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Saylor’s Firm Bids $217M More Bitcoin: How Long Will Strategy Accumulation Sustain? appeared first on 99Bitcoins.

Peter Schiff has renewed his critique of Bitcoin as Tom Lee of Fundstrat pushes a headline-grabbing $200,000 price target for the cryptocurrency. According to reports, Lee says the market’s recent weakness is tied to the Federal Reserve’s reluctance to cut interest rates, while Schiff points to gold’s recent rally as a warning sign for Bitcoin. Schiff Points To Gold’s Rally In an X post, the gold bug Schiff highlighted that the yellow metal rose 10% over the last two months and reached a new high of $3,620. “Markets are forward-looking. That’s why gold is up 10% in advance of coming rate cuts,” he said, arguing that gold’s move shows traders expect easier policy ahead. Bitcoin, he added, has not followed gold’s lead, and that gap worries him. Lee’s $200,000 Call And His Explanation Tom Lee remains optimistic. He has argued that the influx of institutional investors gives Bitcoin new “counter-cyclical characteristics,” and that bigger players could push prices much higher over time. Based on reports, Lee blames the recent underperformance on the Fed and keeps the $200,000 figure in public view. His stance continues to make him one of Wall Street’s best-known permabulls – persons who maintain a perpetually optimistic outlook. Market Odds And Traders’ View Polymarket users appear unconvinced by Lee’s timetable. At press time, markets show an 8% chance of Bitcoin reaching $200k this year. The same markets place roughly an 8% chance on Bitcoin dropping below $70,000 by the end of 2025. Those odds suggest bettors are split and that headline targets are being treated with skepticism. A Broader Performance Check Schiff has also pointed to longer-term measurements. He noted that Bitcoin is down 16% against gold over the past four years, even though the cryptocurrency has posted strong gains versus the US dollar in that span. He warned that when “more air” comes out of the Bitcoin bubble, the four-year returns may look weak. The idea that the old four-year cycle tied to halvings may be fading was raised by other analysts in recent commentary, and that debate is ongoing. What Comes Next For Bitcoin Schiff went further by saying Bitcoin is more likely to sink below $100k than to reach $200k, putting a cautious spin on the outlook. This view makes clear where Schiff stands: he treats gold’s rally as a forward signal about future policy and believes Bitcoin’s lag is not a short-term quirk but a structural concern. Lee’s counter is that institutional flows could change how Bitcoin moves over time. Featured image from Meta, chart from TradingView

The European Central Bank has lowered three interest rates, which can now be considered "neutral." Let me remind you, "neutral" rates are those that neither stimulate the economy nor restrain inflation. The consumer price index in the Eurozone has dropped to the target level and isn't falling below 2%. Thus, for now, further monetary policy easing is genuinely unnecessary. ECB board member Isabel Schnabel confirmed this. She stated that she still considers trade tariffs a threat to price stability within the European Union, but that tariffs might only cause a short-term spike in inflation, and current monetary policy settings could potentially contain price growth. Undoubtedly, there is much potential in this viewpoint, but it must be admitted: the ECB has achieved its goal, unlike the Federal Reserve or the Bank of England. Recall that inflation in the US is nearing 3%, and in Britain it's close to 4%. In both cases, further easing is contraindicated; for instance, the Fed is left with no other choice, as the labor market has been "cooling" for four months already. Based on the above, a rate cut is only likely in 2025—and only from the Fed. The Bank of England may run another round of easing as was planned at the start of the year, but in my view, with inflation twice the norm, the British central bank may opt out of this step. If the Fed continues cutting rates on its own, how will this affect all instruments involving the US dollar? Accordingly, it's reasonable to expect continued weakness for the US dollar. Considering the current wave structure, news background, US economy state and trends, the Fed's dovish attitude, and Trump's demands for faster and deeper rate cuts—if my assumption is correct —the 1.1830 level reached in July won't be the high for 2025. I fully expect that this year, the EUR/USD will close above the 1.2000s, closer to 1.2500. Wave Picture for EUR/USD:Based on my analysis of EUR/USD, I conclude that the instrument continues to build an upward trend. The wave markup still entirely depends on the news background linked to Trump's decisions and US foreign policy. The targets of the trend section may stretch as far as the 1.25 area. Accordingly, I continue to consider longs with targets around 1.1875 (which corresponds to 161.8% of the Fibonacci extension) and higher. I assume that wave 4 construction is complete. Thus, now remains a good time to buy. Wave Picture for GBP/USD: The wave markup for GBP/USD remains unchanged. We are dealing with an impulsive upward trend section. With Trump, the markets may experience many more shocks and reversals, which could seriously affect the wave picture, but for now, the working scenario remains intact. The target for the upward trend section is now around 1.4017. At this time, I believe that the construction of corrective wave 4 is complete. Wave 2 of 5 may be either completed or nearing completion. Therefore, I advise buying with a target of 1.4017. Key Principles of My Analysis: Wave structures should be simple and clear. Complex structures are challenging to trade and often require adjustments.If you are unsure about the market, it is better to stay out.One can never be 100% certain of market direction. Never forget to use stop-loss orders.Wave analysis can be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

The market has "digested" Friday's labor and unemployment reports, but the most interesting part is still to come. On Tuesday, the "Nonfarm Payrolls Annual Revision" report will be released. This is precisely the same report as Friday's, except it covers the entire year, not just one month. There's no need to say that the annual figure is much more important than the monthly one. The US labor market has been very weak over the past four months. During this period, only a little over 100,000 new jobs have been created, which is very low for the American economy. The annual Nonfarm Payrolls figure is already making market participants nervous. If the last four reports were weak, there is a high probability that on Tuesday will see a downward revision. However, I wouldn't jump to conclusions in advance. The annual Nonfarm Payrolls report differs from the monthly one in that there's no "previous value" or "forecast." Or rather, there is a previous value (-818,000), but it doesn't tell us much since there is nothing solid to compare it to. If last year's revision resulted in nearly one million jobs, it doesn't allow us to draw any conclusions about what will happen in 2025. Therefore, on Tuesday the market could very well see a strong figure. Essentially, the data for the last 12 months is summed, and the revision is based on that total. Given that the figures for the previous four months have already been revised down several times, there may not be a fresh reduction in the actual number of jobs created. At the same time, if yet another downward revision does happen, it would be another blow to the American currency. That would mean even fewer nonfarm jobs created than even the lowest estimates by economists. Based on all the above, I believe that on Tuesday, demand for the US dollar could decrease even more. However, according to the current wave structure, EUR/USD and GBP/USD still have only one direction—to go up. The news backdrop would have to globally reverse for the dollar to receive the long-term support needed to start building a downward trend section. One report will not change things. Wave Picture for EUR/USD:Based on my analysis of EUR/USD, I conclude that the instrument continues to build an upward trend. The wave markup still entirely depends on the news background linked to Trump's decisions and US foreign policy. The targets of the trend section may stretch as far as the 1.25 area. Accordingly, I continue to consider longs with targets around 1.1875 (which corresponds to 161.8% of the Fibonacci extension) and higher. I assume that wave 4 construction is complete. Thus, now remains a good time to buy. Wave Picture for GBP/USD: The wave markup for GBP/USD remains unchanged. We are dealing with an impulsive upward trend section. With Trump, the markets may experience many more shocks and reversals, which could seriously affect the wave picture, but for now, the working scenario remains intact. The target for the upward trend section is now around 1.4017. At this time, I believe that the construction of corrective wave 4 is complete. Wave 2 of 5 may be either completed or nearing completion. Therefore, I advise buying with a target of 1.4017. Key Principles of My Analysis: Wave structures should be simple and clear. Complex structures are challenging to trade and often require adjustments.If you are unsure about the market, it is better to stay out.One can never be 100% certain of market direction. Never forget to use stop-loss orders.Wave analysis can be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

On Monday, the deputies of the lower house of the French parliament (the National Assembly) are set to support a vote of no confidence in the government of Prime Minister Francois Bayrou. There is little doubt about this, judging by prior statements from key political parties. The incumbent (for now) head of government needs either the support or at least the abstention of the far-right or left-wing members. Together, they have a total of 353 votes, while the pro-government factions have 210. A simple majority is enough for the vote, so if either the right or the left supports Bayrou, he stays as prime minister. But even before the vote, it is already clear this will not happen. Both the center-right and the left have announced they will vote against the government. This brings snap parliamentary elections a step closer. They may happen—or not. This is, in fact, the main intrigue: Will Macron dissolve the National Assembly, or will he try again to appoint a prime minister, thereby forming an inherently unstable minority government? The French prime minister put his job on the line after announcing proposed measures to reduce the budget deficit (nearly 44 billion euros). Bayrou proposed hiking taxes, freezing pension and social benefits indexation, and capping health insurance expenditure. In addition, he suggested scrapping two of the 11 public holidays (May 8 and Easter Monday). Opposition lawmakers criticized the budget plan, after which Bayrou put the government's mandate to a confidence vote. Let me remind you, Bayrou's predecessor—Michel Barnier—lasted only three months as prime minister, and also lost his position over the budget issue (the 2025 budget). He also used an article of the French Constitution allowing for a special procedure to pass the budget, bypassing parliament. This article can only be used if the government survives a no-confidence vote. Parliament did not support Barnier's cabinet, and he was forced to resign. Now Bayrou finds himself in a similar situation and, judging by the facts, will likely meet the same fate. French media, citing Macron's inner circle, report that he is reluctant to dissolve the National Assembly again. He does not want to repeat last year's mistake, when, after early elections, the "Macron coalition" lost, gaining only 162 seats. The lower house was left without a clear majority: the other seats went to the left coalition and the far-right. If the French president dissolves the National Assembly again, he risks making matters worse for himself. Polls show that the far-right will again get more votes than their opponents. While many analysts are confident that Marine Le Pen's National Front won't achieve an outright majority, they are equally certain that the right will substantially strengthen its position in the next parliament. It's worth noting that both Marine Le Pen and her party's spokespeople have been clear about pursuing big-spending policies. Experts worry that such an expansionary fiscal policy could put France on a collision course with Brussels, since its deficit already exceeds the level allowed by EU rules. Italy faced a similar problem several years ago when right-wing populists came to power there. The single currency reacted nervously to the standoff between Rome and Brussels back then. That's why the euro is unlikely to react much to the no-confidence vote against the Bayrou government itself, but will react painfully if the lower house is dissolved. However, the more likely scenario is that Macron will appoint a new prime minister from his own camp. Analysts also entertain other outcomes—he could appoint a right-wing or moderate left-wing figure. But all these scenarios share the same flaw: none of the resulting governments would have a parliamentary majority. Sooner or later, the president will be forced to call new snap parliamentary elections. However, this is likely to happen not now but a little later, when Bayrou's successor repeats the fate of his predecessor. Judging by the behavior of the EUR/USD pair, traders are dominated by these "moderately optimistic" expectations. With the economic calendar almost empty, the pair is once again testing the resistance level at 1.1750, corresponding to the upper Bollinger Band on the D1 timeframe. This indicates that, for now, the market is not concerned about the situation in France. From a technical perspective, the pair is situated, on all higher timeframes, either at the upper or between the middle and upper lines of the Bollinger Bands, as well as above all the lines of the Ichimoku indicator, which has formed a bullish "Parade of Lines" signal on the H1, H4, and W1 timeframes. All this signals a priority for long positions. Targets for upward movement are 1.1800 and, prospectively, 1.1860 (the upper Bollinger Band on D1). The material has been provided by InstaForex Company - www.instaforex.com

The closer the vote of no confidence, the higher the EUR/USD rises. Investors have stopped fearing the resignation of the Francois Barnier government. He made an act of self-immolation by demanding either to be dismissed or to accept a plan to reduce France's budget deficit from 5.4% to 4.6% of GDP. This involves raising taxes and cutting government spending. Neither the left nor the right parties want to go along with this. Yet the euro is rising, looking at Japan as an example. Dynamics of French and German Debt While Barnier's resignation had been talked about for some time, the resignation of Japanese Prime Minister Shigeru Ishiba came as a surprise. The yen reacted with a drop but quickly recovered its losses. In the end, every currency pair always has two currencies. Whatever political difficulties the euro faces, a 150 basis point cut in the federal funds rate by September 2026 outweighs them all. Indeed, divergence in monetary policy is a constant factor, while political and other crises occur from time to time. Experts at Bloomberg believe the ECB will conclude its cycle of monetary easing. The deposit rate will remain at 2% until the end of 2026—at the very least, it won't fall. There's even a chance it could rise if the eurozone economy delivers some pleasant surprises. The US, on the other hand, is on the path to recession. The labor market is the first to cool. In August, employment grew by a paltry 22,000, and in June it actually declined. In addition, the BLS will soon release revised numbers for the past 12 months, including March. A reduction in non-farm payrolls of approximately 800,000 is expected, or about 67,000 per month. If that's the case, Donald Trump can rightly claim that the American economy started to seize up even before his genius tariff plan was implemented. US Labor Market Dynamics The futures market is now pricing in more than a 70% chance of three federal funds rate cuts in 2025—that is, at each of the three remaining FOMC meetings. Barclays agrees, although it previously predicted only two rate cuts this year. Bank of America, which didn't anticipate any cuts at all, now thinks the borrowing cost will fall twice—in September and December—and by the end of 2026, reach 3.25%. And the worst may still be ahead. According to JP Morgan, around 150,000 laid-off US government employees are still counted as employed. Starting in October, they'll officially become unemployed. Watch out, labor market! Watch out, US dollar! History shows that when unemployment rises before a recession, it does so very quickly. The Fed will have to act aggressively—and that is a direct path to serious weakening of the American currency. Technically, on the daily EUR/USD chart, quotes are consolidating above the upper boundary of the fair value range at 1.1600–1.1695. This indicates the strength of the "bulls" and allows for increasing long positions toward the previously mentioned targets at 1.1840 and 1.1950. The material has been provided by InstaForex Company - www.instaforex.com

In the latest “The Weekly Insight,” analyst @CryptoinsightUK places XRP at the center of the next market advance—mapping a five-wave structure that targets Wave 3 ≈ $6.50, Wave 4 holding > $5, and Wave 5 ≈ $9.69. The call is anchored in XRP’s relative strength and a broader macro setup that he describes bluntly: “I’m bullish. I’m bullish. I’m bullish.” Near term, he concedes Bitcoin can still “dip in the short term and reclaim some of the liquidity sitting below us,” but he argues that any shakeout precedes an aggressive upswing that should favor leaders like XRP. The author’s relative-strength case is explicit: “XRP has been leading the way this cycle,” adding it “is about to begin its next major leg higher.” He contrasts structures: “If you overlay the Ethereum chart on top of XRP’s, the difference is striking… XRP… held strong around all-time highs… has pushed above both its previous all-time high and the $2.70 swing high, and is now consolidating above them. Meanwhile, Ethereum is still struggling to reclaim and hold its all-time high.” He continues: “This relative strength is important… it could continue to outperform the largest altcoin in the market,” with spot ETF speculation for XRP “possibly coming in September or October” and potential policy tailwinds adding fuel. What Needs To Happen For XRP To Hit $9.69? Zooming out, the newsletter situates XRP within a risk-on macro backdrop that could lift Bitcoin and TOTAL/Total2 and, by extension, turbo-charge altcoin leadership. Equities breadth is the opening bid: the S&P 500, Nasdaq, Dow Jones, and Russell 2000 are, he writes, “on the edge of or already in expansion,” with monthly RSI in overbought historically preceding “at least a few months, and often a prolonged period, of strong bull market activity.” He calls it a “clear signal, a green light for risk on.” On cross-asset signals, @CryptoinsightUK underscores the directional tie between Bitcoin and gold, despite gold’s “risk-off” label. Chinese gold demand and Western currency debasement, in his view, strengthen Bitcoin’s long-term case. Historically, gold bottoms have led Bitcoin bottoms by an average ~126 days across four instances; applied to the latest sequence, he sketches a probabilistic Bitcoin bottom window around September 15, 2025. The liquidity map remains pivotal. On higher timeframes, he sees “extremely dense” liquidity above Bitcoin, arguing that once the current range resolves, “the move will likely be sharp and aggressive,” with a roadmap that “quickly” carries BTC toward $144,000 and beyond. For alt breadth, he points to Total2. By his analog, today’s structure rhymes with an “orange circle” precursor from last cycle; from that point to the peak, alts rallied about 350% (technically ~366%). A repeat implies ~$7.73 trillion for Total2—an environment in which “XRP will be one of the clear leaders in the next leg of this market cycle,” provided Bitcoin prints new highs and Total2 breaks out. The companion “Charts of the Week” (by @thecryptomann1) sharpen the market’s near-term complexion and how it may channel into XRP. Stablecoin exchange reserves (ETH- and Tron-based) sit at all-time highs—~$66 billion (≈ $53B USDT, $13B USDC), a cache of “dry powder” that could chase upside on a breakout or cushion a final dip toward ~$105,000 on BTC before reversing. A caution flag: the 30-day change in aggregate whale holdings has “dropped off a cliff” recently—“alarming,” he notes, and not to be ignored even if it doesn’t spell disaster. Meanwhile, NUPL (Net Unrealized Profit/Loss) has been sliding as the market “takes back” profits from the past ten months; a revisit of the “yellow zone” (<~0.5) could catalyze the next parabolic phase. Structurally, the realized price bands are yet to tag their upper bound, supporting a cycle view that BTC surpasses $200,000 before the run is done. Within that mosaic, XRP’s wave count and leadership profile are the through-line. The projected path—Wave 3 to ~$6.5, Wave 4 holding above $5, Wave 5 extending to ~$9.69—is presented as the high-conviction roadmap if Bitcoin’s final shakeout resolves higher, Total2 breaks to new cycle highs, and ETF/policy catalysts keep skewing flows toward XRP. To the author, those pieces add up to a market where “any pullback is a buying opportunity,” and where the path of least resistance—once the range resolves—is higher, with XRP positioned to lead. At press time XRP traded at $2.975.

As Ethereum (ETH) trades slightly above $4,300, some crypto analysts opine that the cryptocurrency’s current trend shows enough structural health. However, they also caution that a lack of funding rates across exchanges means low demand for ETH, which may limit its breakout momentum. Ethereum’s Latest Rally Shows Structural Strength According to a CryptoQuant Quicktake post by contributor ShayanMarkets, Ethereum’s funding rates across exchanges are relatively muted when compared to the digital asset’s last three major highs. For instance, during the first major high in early 2024, ETH funding rates across crypto exchanges had surged to 0.8, suggesting excessive long positioning and speculative demand. Shortly, the price topped out as overheated leverage took its toll on the digital asset. During the second peak in late 2024 – as illustrated in the following chart – ETH reached similar price levels but this time with far lower funding rates. Although this hinted at a less speculative market, the lack of strong, sustained momentum eventually weighed down on ETH’s price. In contrast to the above two instances, ETH’s 2025 rally saw it create a new all-time high (ATH) of $4,900 – despite relatively muted funding rates. This brings into focus one key divergence – ETH is hitting new highs even in the absence of aggressive long positioning that fueled earlier rallies. ShayanMarkets states there are two key implications of this new-found divergence. The analyst remarked: On one hand, the market appears more spot-driven and structurally healthier, as price is not being pushed by excessive leverage. On the other hand, the absence of aggressive demand also limits breakout momentum, leaving ETH in a slower-moving environment where new order flow will be essential for continuation. Concluding, the CryptoQuant contributor noted that ETH’s higher highs against declining funding rates show that the current market is more resilient against sudden liquidation cascades. However, it also requires a lot more conviction from buyers to sustain the next leg higher. Is ETH Headed For A Correction? Although ETH is currently trading just about 12% below its ATH, some analysts forecast that the second-largest cryptocurrency by market cap may be headed for a correction. Crypto analyst Ted Pillows predicted that ETH may drop all the way down to $3,900 before its next rally. That said, there are several other data metrics that point toward a potential bullish rally for ETH. For instance, the ETH exchange supply ratio on major exchanges like Binance recently hit a low of 0.037, which may aid in the so-called “supply crunch” for the digital asset. In similar news, Ethereum exchange balance recently turned negative for the first time, suggesting that more tokens are being withdrawn from exchanges than deposited. At press time, ETH trades at $4,334, up 0.6% in the past 24 hours.

Bitcoin’s price has spent the past week hovering within a tight band and bouncing between $108,000 and $112,000 without any clear direction yet. There have been multiple rejections at the $112,000 price level and technical analysis shows pressure around the 200-day moving averages on the four-hour chart. Notably, a technical analysis shared by crypto analyst Daan Crypto shows Bitcoin is at risk of a breakdown below $100,000, but bulls still have a chance to stage a recovery rally in the weeks ahead. Analyst Warns About Sweep Of Monthly Lows In his latest post on the social media platform X, Daan Crypto Trades noted that Bitcoin is currently indecisive, and its price action is leaning toward a sweep of the monthly lows. This movement is based on the 4-hour candlestick timeframe chart, which shows the Bitcoin price was recently rejected at the 200MA/EMA last week. The 4-hour candlestick chart below shows Bitcoin has been trading in a defined range since August 25, with equal lows forming a weak base around $107,000 and liquidity sitting just beneath. This makes a stop-hunt sweep a possible next step. Such a move, the analyst explained, would likely open up a bearish case of panic across the market, which might eventually cause fears of Bitcoin collapsing under the $100,000 price level. However, the analyst also identified the $103,000 to $105,000 price zone as the support level where buyers can step in. This area, according to him, would also be a logical entry point for swing long positions if the Bitcoin price indeed breaks down below $107,000. Conditions For A Bullish Recovery According to the analysis, Bitcoin bulls have a chance to prevent any breakdown below $100,000 by holding above $105,000 to $103,000. Despite laying out a bearish base case, Daan also described a roadmap for the bulls. The first condition would be strength above $115,000, which would mark a break of August’s range low, which has turned into resistance in the first week of August. A break and close above $115,000 would invalidate any short-term bearish momentum. Alternatively, he pointed to a quick liquidity grab below the monthly lows at $107,000, followed by a reclaim of the $107,000 and $112,000 levels, as the most bullish scenario. According to the analyst, this second setup could pave the way for a sustained one-to-two-month uptrend rally through October and November. For now, the analyst said he is on the sidelines except for short-term scalps. At the time of writing, Bitcoin is trading at $111,733, up 0.7% in the past 24 hours.

Marimaca Copper (TSX: MARI) (ASX: MC2) has secured approximately A$80 million ($53 million) in funding commitment from investors outside of Canada for its projects in Chile’s Antofagasta region. Under the brokered placement announced last week, Marimaca plans to sell approximately 8.25 million CHESS Depositary Interests (CDI) on the Australian market at A$9.70 per CDI. New institutional investors as well as existing shareholders are expected to participate, with demand significantly exceeding the targeted quantum, the company said. The Vancouver-based copper developer currently has a diverse shareholder register that includes Greenstone, Assore International and Mitsubishi. The CDI placement is expected to settle on Thursday, September 4, followed by allotment the next trading day. Exploration funding As detailed in its press release, the company intends to use the net proceeds for exploration at its Pampa Medina project and Marimaca sulphide target, both of which are viewed as growth options to support its main oxide deposit. Additionally, the funds will be used for design and engineering, as well as project-related workstreams at the Marimaca oxide deposit. In August, the company published a definitive feasibility study for the oxide deposit that outlined a 13-year, open-pit mine capable of producing 50,000 tonnes of copper cathodes per year. Pre-production capital is pegged at $587 million (or about C$812 million), implying a capital intensity of about $11,700/tonne of copper annually. This would place Marimaca on the low-end of the global scale. In a recent interview with The Northern Miner, CEO Haydn Locke said its oxide project “is very financeable,” and the company has proposed a capital structure that focuses on debt. Assuming no permitting and supply chain delays, construction could begin during the course of 2026, Locke added.

Canadian miner Vizsla Silver (TSX, NYSE: VZLA) hired Australia’s Macquarie Bank as lead arranger of a $220 million maximum financing package for the construction and development of the Panuco silver-gold project in Mexico. Macquarie is to act as sole underwriter of the project finance facility, keeping a 70% interest and syndicating the rest, according to a Vizsla statement released Friday. Macquarie will be responsible for coordinating the syndication process and ongoing project monitoring. Combined with about $200 million of cash on the company’s balance sheet following an equity financing in June, “Vizsla is well positioned to fully fund the $224 million capex estimate from the Panuco preliminary economic assessment,” BMO Capital Markets analyst Kevin O’Halloran said in a note. News of the financing package comes as Vizsla works on a feasibility study for Panuco, which it plans to finish by the end of the year. The study will help management reach a construction decision and first silver by 2027, CEO Michael Konnert told The Northern Miner in a July interview. Large resource Located in southern Sinaloa, near the city of Mazatlán, Panuco hosts the world’s largest undeveloped, high‑grade silver resource. It holds 13 million measured and indicated tonnes grading 2.5 grams gold per tonne and 307 grams silver for 1 million oz. gold and 127 million oz. silver. It also has 10.5 million inferred tonnes at 1.9 grams gold and 219 grams silver for 660,000 oz. gold and 73.6 million oz. silver, including lead and zinc credits. A PEA released last year gave the project a post‑tax net present value of $1.14 billion, based on a 5% discount rate. It used $26-per-oz.-silver and $1,975-per-oz.-gold to achieve an 86% internal rate of return, a nine‑month payback and a capex ratio of 5.1 to 1. Closing of the financing package is expected in the first quarter of next year, Vizsla said. The facility is expected to carry an interest rate of 10% during construction, which will decline after the start of production. Early drawdown Provided certain conditions are met, Vizsla may make an early drawdown of $25 million that would provide immediate funding for early development and construction preparation. Remaining funds are to be tied to the feasibility study, equity funding and permitting, and become available when a construction decision has been made. Vizsla says it received significant interest from several banks and alternative lenders in North America and Europe. Each offered “highly competitive” terms, according to the company. “Macquarie brings deep expertise in structuring project financing for large-scale mining developments, reinforcing Panuco as a globally recognized, financeable asset,” Vizsla CEO Michael Konnert said in the statement. “Securing this debt financing mandate brings us one step closer to de-risking Panuco into production.” Vizsla shares rose 0.2% to C$5.18 in Monday afternoon trading in Toronto, giving the company a market value of about C$1.8 billion. The stock has traded between C$2.33 and C$5.34 in the past year.

For GBP/USD, the wave pattern continues to indicate the formation of a bullish impulse structure. The wave picture is almost identical to EUR/USD, since the only "culprit" remains the dollar. Demand for it is declining across the market in the medium term, so many instruments are showing nearly the same dynamics. At present, wave 4 is presumably complete. If this is correct, the instrument will continue rising within impulse wave 5. Wave 4 could take on a five-wave form, but this is not the most likely scenario. It should be remembered that much in the currency market now depends on Donald Trump's policies, and not only in trade. From time to time, positive news emerges from the U.S., but the market constantly has in mind the overall uncertainty in the economy, Trump's contradictory decisions and statements, and the hostile, protectionist stance of the White House. Global tensions persist, and the U.S. economy continues to face problems. The GBP/USD rate rose by 40 basis points on Monday after a pullback from Friday's high. Recall that on Friday, the market was once again disappointed by U.S. economic data, which dispelled doubts about the Federal Reserve easing monetary policy in September. At the moment, the probability of a rate cut, according to CME FedWatch, stands at 90%—the same as before the release of payrolls and unemployment data. The probability of a 50-basis-point cut has also barely changed at 67%. Market participants do not believe in three rounds of easing at the remaining three meetings—just 7.2% probability. However, two rounds of easing, which Jerome Powell and the entire FOMC have been talking about since the start of the year, are also bad news for the U.S. currency. Two cuts or three—this no longer matters, because the Bank of England has likely paused its easing cycle due to high inflation, while the U.S. economy faces serious challenges, economic indicators are deteriorating, and the market now worries about uncontrolled rate cuts in 2026, when Powell will leave his post. Most importantly, the wave pattern is so clear and simple at the moment that I can only expect continued GBP/USD growth. Very often, the market shows wave structures that are so complicated they add no value to forecasting, but now everything looks almost perfect. Wave 2 of 5 took on a three-wave form, and the failed attempt to break through the 127.2% Fibonacci level caused a sharp rebound from the lows. Thus, nearly all factors and types of analysis continue to point to buyers' advantage. General conclusions The GBP/USD wave picture remains unchanged. We are dealing with a bullish, impulsive section of the trend. Under Donald Trump, the markets may face many more shocks and reversals, which could seriously affect the wave picture, but for now the working scenario remains intact. The targets of the bullish section are now around 1.4017. At the moment, I assume the formation of corrective wave 4 is complete. Wave 2 of 5 may also be complete or nearing completion. Therefore, I recommend buying with a target of 1.4017. Key principles of my analysis: Wave structures should be simple and clear. Complex structures are hard to trade and often change.If you are not confident in what is happening in the market, it is better to stay out.One can never have 100% certainty in market direction. Always remember to use protective Stop Loss orders.Wave analysis can be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

The crypto market slipped into a risk-off mood over the weekend as the Crypto Fear & Greed Index fell to 44, moving from Neutral into Fear. Traders Shift Toward Large Caps Santiment said a heavy focus on large-caps can signal more cautious behavior among traders. Based on reports, that pattern was visible on Saturday when market activity narrowed and attention tightened around the biggest tokens. According to data firm Santiment, traders are pulling money out of obscure altcoins and putting it back into major names like Bitcoin, Ether, and XRP. Bitfinex analysts added that a broader return of momentum to smaller coins may wait until more spot crypto ETFs launch later this year. Price Moves Are Mixed According to Coingecko, Bitcoin is down 5% over the past month while Ether has risen 9% over the same period. The wider altcoin group is under pressure, even as a few tokens show isolated strength. CoinMarketCap’s Altcoin Season Index stood at 56 on Sunday, a level that technically meets the threshold for Altcoin Season when comparing the top 100 altcoins versus Bitcoin over a 90-day window. Altcoin Season And The Shakeout Some traders see the current pullback as a cleansing move. Trader Rekt Fencer said, “This is the final shakeout for altcoins,” pointing to falling volumes and nervous sentiment. That view is echoed by other market watchers who note that lower volumes can exaggerate price swings and make smaller tokens more volatile. Meanwhile, traders waiting for new inflows say they are watching ETF rollouts as a potential trigger for renewed interest in lower-cap assets. Short-Term Risk Views And Cycle Warnings Market technician Daan Crypto Trades described Bitcoin’s price action as “undecisive” and warned it could sweep monthly lows to flush out late long positions. The analyst added that such a move should then cause some fear of it losing $100,000. Other analysts urge caution about drawing firm patterns from past cycles. PlanC warned that relying on just three previous halving cycles is misleading, writing that anyone who expects Bitcoin to have to peak in Q4 this year “does not understand statistics or probability.” Michael van de Poppe offered a counterpoint, arguing that altcoins are “extremely undervalued” versus past cycles and that 2025 may play out very differently. Featured image from Meta, chart from TradingView

Most Read: WTI Oil Rallies 1.8% as Russian Supply Concerns Outweigh Modest OPEC + Output Hike Bitcoin (BTC/USD) has been moving higher at a grind since the beginning of September and is up nearly 2% over the last two days. Friday saw a significant spike for Bitcoin in a similar manner to Gold and other US Dollar denominated assets, but in the case of Bitcoin, the gains were surrendered before the end of the day. Whales are Offloading Coins at the Fastest Pace Since 2022 According to @caueconomy on X and on-chain data, in the last thirty days, whale reserves have fallen by more than 100,000 BTC, signaling intense risk aversion among large investors. This selling pressure has been penalizing the price structure in the short term, ultimately pushing prices below US$108,000 last week. At this time, we are still seeing these reductions in the portfolios of major players, which may continue to pressure Bitcoin in the coming weeks. Source: CryptoQuant The activity by whales may be concerning for market participants. Especially if institutions continue to dump holdings but this may be more clear once we see the ETF flows over the last week or so. Bitcoin ETF Flows The ETF flows through to Friday last week finished net positive after two strong days on Tuesday and Wednesday. Net outflows on Thursday and Friday were negative but not greater than the inflows earlier in the week. This shows that demand still remains in the market after the recent selloff. As a further nod to confidence, ETF flows were strong in the last week of August as well. Source: Farside Investors Strategy Expands Bitcoin Holdings Last week, two public companies, Strategy and Metaplanet, bought over $230 million worth of Bitcoin. According to their separate announcements, their combined purchase of 2,091 Bitcoins was about two-thirds (66%) of all the new Bitcoins created by miners during that time. On September 8, Strategy announced it had bought 1,955 of those Bitcoins for $217.4 million, which was about 62% of all the coins mined that week. After this purchase, Strategy's total Bitcoin holdings reached 638,460, valued at $71.6 billion. This means the company has an estimated profit of about 51.8% on its total investment of $47.17 billion. The company stated in a filing that it used money from its stock program, which raised capital from Strife, Strike, and MSTR stock, to fund the purchase. In 2025 alone, Strategy has raised more than $19 billion to buy Bitcoin. Moving forward, later this week and US CPI data will have an impact on rate cut expectations for the Fed meeting next week. This could be another catalyst for Bitcoin with a weak CPI print likely to help Bitcoin continue its advance. Technical Analysis - BTC/USD From a technical perspective, Bitcoin is hovering just below a key area of resistance at 112916. The last two days has seen Bitcoin rise near 2%, however there are some signs that could worry bulls in the short term. The current four-hour candle looks set to close bearish and as a inside bar which could hint at some short-term downside. This could bring the RSI period-14 to retest the 50 neutral level and this could be used to gauge the next move for Bitcoin. A break below the 50 level could be a sign of growing bearish momentum with a retest of recent lows at 109500 and 108000 becoming a possibility. A bounce of the 50 level could be the precursor for a move beyond the 112916 handle before markets begin eyeing resistance at the 115000 and 117000 handles. Bitcoin (BTC/USD) Four-Hour Chart, September 8, 2025 Source: TradingView.com (click to enlarge) 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.

All eyes are laying on one asset class in Markets: Precious Metals The usual suspect: Gold, A.K.A. The Bullion (or just "bully" for people who are caught short). Gold has always been a very complex asset. It does not have a face value yet it serves as store of value for many Central Banks. It cannot be eaten yet people always starve for it. And these days, it not-only is at the center of the 2025 Trump-Administration deglobalization theme but also a good edge against every potential catalyst against positive sentiment this year: Rate cuts? Wars? Fiscal catastrophes? Political instability (France, Japan, US, UK, ...) Bonds haven't seen much demand since the end of the 2022 hike cycle and stocks are at all-time highs, therefore the question is more one of currency-debasing rather than a purely risk-off Market. Metals had been stabilizing and correcting from their relative highs as war situations seemed to be resolving, central banks had cut their purchases and a signs of higher-than-projected inflation pushed the FOMC to hold their rates higher (typically negative for Gold as a non-yielding assets). However, Markets had calmed from their higher term overbought conditions. The latest change in Powell's tone at Jackson Hole followed by an increasingly compromised FED Independence led to a massive rebound in metals, propulsed by both Gold and Silver. Let's attack a high to intraday timeframe analysis for Gold as it keeps breaking records, and identify levels of interest. Read More:Silver Price: XAG/USD poised to extend gains further, support likely at $40.60US indices remain uncertain ahead of CPI data – S&P 500, Nasdaq and Dow Jones outlookMulti-timeframe analysis for Gold, starting from the Weekly to intradayGold Weekly timeframe Gold Weekly Chart, September 2025, Source: TradingView Taking a look back to the weekly charts really helps to see how significant this ongoing move in Gold is. Some key levels and their significant events point to what trends or themes helped Gold to rally so much and actually find its own local tops. The latest one, leading to a consolidation between May to end-August 2025 was due to uncertainty on the real impact of tariffs. They hadn't seemed to hurt economies yet, particularly the US and conflicts were resolving at the same time (Israel-Iran, easing conflict in Eastern Europe... This one aged like fine milk). The current move seems to form a typical 3 legged impulsive move with the 3rd one starting most recently. Elliott Wave analysis, which is very useful to evaluate trending markets, helps to check the state of a current trend and the usual 3rd impulsive tends to be the final one. The one question is: Where and how could it stop? There's an infinity of potential answers but some key changes of theme would be necessary: A more restrictive US balance sheet, forcing other governments to do the same; conflicts resolving, particularly the ongoing technology cold-war between the occident (G7) and the orient (Russia, China) or more simply a re-globalization; Finally, Central Banks Independence (i.e. the FOMC) being able to reborn. Gold Daily Chart Gold Daily Chart, 8 September 2025, Source: TradingView There is a lot to see on this daily chart but focus on these few elements: The technical uptrend from October 2024 into the April 22nd 2025 $3,500 top in overbought conditions led to a 4-month consolidation which took the RSI back to neutral and now, the ongoing up-trend is heading back to overbought. Remember that overbought don't mean a top, particularly in such strong trends: A tight bull channel (no red candle closing below the prior green) shows that the current price discovery is one of bullish dominance. Any such bear candle may attract further mean-reversion. However, some wicks are appearing after today's bull candle as the first Fibonacci-induced targets (Yellow Zone) is getting reached. The timing coincides with Markets needing to know if the FOMC cut will be a 25 bps (consolidation/slight selloff in Gold ceteris paribus) or a 50 bps (dovish FED = metals keep flying). The answer will be found in this week's Inflation data release (PPI and CPI). Levels of interest for Gold trading: Support: $3,400 to $3,500 past ATH Zone, Now Pivot/Support$3,300 Major Support$3,000 Main psychological level Resistance and potential technical targets (due to all-time highs, can only use potential targets): Current session highs and ATH $3,646Fibonacci-Extension 1 from April Lows to April highs ($3,640 to $3,705) (yellow square)Potential, Fibonacci-Extension 2 from 2018 to Oct 2024 induced target: $3,750 to $3,815 (Purple square on Weekly)Gold 4H Chart Gold 4H Chart, 8 September 2025, Source: TradingView One highlight of this 4H intraday chart is to see how small reversals don't imply bigger trend reversals. Generally, longer term reversals show signs of forming and (tend to) start with a slowdown in the trend, except for a fundamental black swan. We are however reaching a potential fib-target, which may imply some slowing in the buying in the waiting of US Inflation data – Do consider that the tight bull channel is still active. 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.