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The Australian dollar has rebounded on Wednesday and is in postive territory. In the European session, AUD/USD is trading at 0.6532, up 0.19%. The Aussie declined 0.52% on Tuesday, ending a streak of five consecutive winning sessions. Aussie GDP hits fastest pace in nearly two yearsAustralian GDP grew 1.8% y/y in the second quarter, above the revised 1.4% gain in Q1 and higher than the market estimate of 1.6%. This was the fastest pace of growth since Q3 2023. Quarterly, GDP expanded 0.6%, up from a revised 0.3% in Q1 and above the market estimate of 0.5%. The improvement was driven by stronger household consumption and increased government spending. The stronger-than-expected GDP reading essentially rules out a rate cut at the September 30 meeting. The Reserve Bank has adopted a cautious stance to policy easing and has cut in February, May and August. The markets expect a hold in September, with a November cut priced in at around 75%. That decision will be largely based on the employment and inflation reports ahead of the November meeting. The RBA is keeping a close eye on inflation, which jumped to 2.8% in July, up sharply from 1.9% a month earlier. This was the highest level since July 2024, but the RBA won't change policy based on one monthly inflation report. Inflation had been on a downtrend and the 1.9% gain was lower than the RBA's target range of 2-3%. The central bank is also keeping a close eye on the labor market, which has shown signs of gradual easing. AUD/USD Technical AUD/USD is testing resistance at 0.6535. The next resistance lines are 0.6546 and 0.65620.6508 and 0.6492 are providing support AUDUSD 4-Hour Chart, September 3, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Gemini Space Station Inc., the crypto exchange founded by Cameron and Tyler Winklevoss, has filed for a $316.7M initial public offering (IPO) in New York. Social media is dubbing it the “Gemini IPO” and the company plans to sell 16.7 million shares priced between $17–$19 each, which would give Gemini a market cap of about $2.2Bn at the top of the range. Gemini controls more than $18Bn in assets and crypto assets, according to its filing. But the company is still losing money, reporting a $282.5M net loss on $68.6M revenue in the first six months of 2025. “We believe the U.S. market is finally ready for compliant, regulated crypto institutions,” the Winklevoss brothers wrote in their SEC filing. The IPO will be underwritten by Goldman Sachs and Citigroup, with Gemini trading on Nasdaq under the ticker GEMI. Meanwhile, Trump is ignoring Gemini and shipping all his wealth to Crypto.com (CRONOS). DISCOVER: 20+ Next Crypto to Explode in 2025 Trump Media and Crypto.com Bet Big on Cronos: Why Won’t He Touch Gemini? Donald Trump’s media empire is expanding deeper into crypto. Trump Media & Technology Group (DJT) announced a deal with Crypto.com to create a new treasury venture built around Cronos (CRO). The company will merge with Yorkville Acquisition Corp and go public under the ticker MCGA. Trump Media will anchor its corporate reserves with $1Bn worth of CRO tokens, backed by $200M in cash, $220M in warrants, and a $5Bn equity line of credit from Yorkville affiliates. At this point, Trump is running the country like a crypto mafia don. (Source: TradingView) The move sent CRO up +29.6% to $0.20, according to CoinGecko, while Yorkville’s stock slid -2.2% to $10.42. “By anchoring Truth Social’s rewards economy and corporate reserves in CRO, Trump Media is effectively institutionalizing the token,” said Alice Liu, head of research at CoinMarketCap. Trump Media shares also rose +6.6% to $18.36, buoyed by the news. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 Bitcoin Treasury Strategy Stocks You Need to Invest In The Trump-Cronos move mirrors Michael Saylor’s playbook at MicroStrategy, which effectively transformed a software company into a Bitcoin vault now holding close to $100Bn. Investors have bought in, sending MSTR shares up fivefold alongside Bitcoin’s rally in 2024. (Source: TradingView) Corporate treasuries are testing similar waters with tokenized reserves. Circle went public in June with a $1.2Bn IPO, its stock jumping +168% on the first day. Additionally, the SoftBank- and Tether-backed SPAC launched a $3.6Bn Bitcoin treasury firm earlier this year. Can Gemini and Trump Media Deliver in a Crowded Market? For Gemini, the IPO is a chance to restore confidence after past regulatory battles, including a dropped SEC case and a $5M CFTC settlement earlier this year. For Trump, well, it’s business as usual. Everything he touches turns to gold because he’s the freaking president. Crypto.com is the latest venture, and we’ll see what else Trump pumps (and hopefully doesn’t dump like WLFI token) by year’s end. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Key Takeaways Gemini seeks a $317M IPO while Trump Media launches a $1B Cronos treasury venture. Crypto.com is the latest venture Trump has pumped and we’ll see what else he boosts by year’s end and hopefully doesn’t dump like WLFI token. The post Gemini IPO Targets $317M as Trump Media Bets $1B on Crypto.com Treasury Strategy appeared first on 99Bitcoins.

Ethereum price has seen a lot of decline after hitting an all-time high above $4,900. This move saw the bears push the price back, resisting the campaign to hit $5,000. So far, the bears have remained in control, and it seems that this will be the case for a while, with technicals pointing toward a possible 10% crash that would send the price toward $4,000 again. Why Ethereum Price Is At Risk In an update to a previous analysis, Klejdi Cuni has forecasted a further decline for the Ethereum price, with bearish indicators being more prominent. The previous prediction, shared over the weekend, pointed out that the Ethereum price had been breaking down from a bearish triangle pattern. This had suggested a further move toward the $4,300 territory. True to the forecast, the Ethereum price did indeed fall back, breaking below $4,300 briefly before bouncing again. This comes after the price broke down below the support at $4,490, putting the bears in charge of the Ethereum price once again. With the first part of the forecast fulfilled, then ETH could play out the full prediction from here. The crypto analyst had previously revealed that he expected the Ethereum price to suffer further drops; first to $4,335, then to $4,215, before finally landing at $4,081. This prediction was reiterated in the updated analysis, showing where the price could be headed next. Next on the list for the cryptocurrency is to test the resistance zone around $4,500. This has previously been a level at which the price was beaten back down, suggesting that a similar trend could play out. If the price does get rejected here, then it could signal a continuation of the bearish trend. The analysis also ties in the performance of the Bitcoin price, which has continued to drive the entire market. So far, the Ethereum price has performed better during the recent market crash. However, if the Bitcoin price were to continue its decline, then the Ethereum price is likely to follow in the same direction. Add in the fact that the situation around the US dollar remains unclear, and the analyst sees a lot of risk during this time. There is also the possibility of the Ethereum price turning toward the positive once again. This has to do with the resistance at $4,650, serving as a make-or-break level. If the price is rejected from here, then it could mean more declines. However, if ETH bulls are able to reclaim it with strength, then it could serve as a bounce-off point for the next rally.

Overview: After yesterday's jump, the dollar is mostly consolidating at lower levels today. The Scandis and euro are leading the recovery of the G10 currencies, the New Zealand and Canadian dollars, and yen are nursing small losses. Japanese Prime Minister Ishiba was not blamed for the electoral losses in a party investigation, but the LDP will vote on Monday whether to have a leadership contest this year. France will hold a confidence vote on its prime minister the same day. Most emerging market currencies are also firmer today. Japanese, Chinese, Hong Kong, and Australian equities tumbled today but other large bourses in the region rose, including Taiwan, South Korea, and India. Europe's Stoxx 600 is up about 0.6% in late morning turnover after shedding 1.5% yesterday, its steepest loss in a month. In the US, the S&P 5000 and the Nasdaq gapped lower, and although the gaps were entered, they were not closed. The gap extends to about 6444.60 in the S&P and 21398 in the Nasdaq. Both look poised to gap higher today. If today's gap is not filled, a bullish island bottom would be lift in the wake. European 10-year bond yields are mostly softer today, including almost 1.5 bp decline in the 10-year Gilt yield. French bonds slightly lagging. The 10-year Treasury yield is almost two basis points higher near 4.28%, and the 30-year yield is firm to threaten the 5.00% threshold. Gold made a marginal new record higher today near $3547 but is about $10 lower now. October WTI soared nearly 2.5% yesterday but is giving back more than half and is near $65.60. USD: After yesterday's surge, the Dollar Index is consolidating today. It rose briefly above yesterday's high as European markets opened but was greeted by sellers who pushed it to a new session low slightly below 98.20. Initial support is seen near the yesterday's North American low, a little ahead of 98.00. Focus this week is on the labor market but today's July JOLTS is not the real thing. Still, job openings are expected to have slowed but it seems like old news. The ADP private sector job estimate for August is due tomorrow. It is seen slowing to 80k from 104k in July. The median forecast in Bloomberg's survey is now for a 75k increase in non-farm payrolls in July and a rise in the unemployment rate to 4.3% (from 4.2%), which would be a new cyclical high. The Fed funds futures imply almost a 90% chance of a rate cut later this month, and another cut in Q4. St. Louis Fed President Musalem, seen as among the more hawkish voting members of the FOMC, speaks at 9:00 am ET today and the Beige Book is out later today. EURO: With a brief exception, the euro has been confined to the range set on August 22, the day Fed Chair Powell spoke at Jackson Hole. That range was about $1.1585-$1.1745. It briefly traded below the low last Wednesday, recording a low near $1.1575. On Monday, it reached $1.1735. In yesterday's sell-off it fell to nearly $1.1610 to test the trendline drawn off the August 1 and August 27 lows, which also corresponds to the (38.2%) retracement of last month's rally. It slipped a 5/100 of cent below yesterday's low and found new bids ahead of $1.1600 today. It is near session highs around $1.1665 in European late morning activity. Today's final look at August services and composite PMI coincided with the euro's recovery though it seemed coincidental. The composite was revised to 51.0 at 51.1 (from 50.9) and is the highest since last May. The German composite was revised down. It no longer rose for the third consecutive month. At 50.5 it is where it was in January. Of the largest four members of the eurozone, France is the only one to have a composite PMI that is still below the 50 boom/bust level. France will hold a confidence vote next week, which it does not look likely to survive. CNY: The dollar has risen against the offshore yuan for three consecutive sessions coming into today, which is the longest advance in a little more than a month, and it is trading firmer today. It reached almost CNH7.15 yesterday and has held slightly below today, so far. It had recorded the year's low before the weekend near CNH7.1160. In a period in which capital flows outstrip trade flows it almost seems quaint to argue that China's trade surplus should drive the yuan higher. Indeed, as we have noted, by some measures, the Japanese yen is more under-valued than the yuan, and Japan typically records trade deficits. There are other fundamental drivers of exchange rates than trade flows. The Chinese economy is struggling to maintain forward momentum and deflation continues to cast a pall, and the housing market remains a drag. China offers about 255 bp less than the US on 10-year bonds. Yes, the yuan is undervalued against the dollar, but most currencies are. The common element is the over-valued dollar. In July, when the greenback had a counter-trend rally, the yuan fared the best. The PBOC set the dollar's reference rate at CNY7.1108 (CNY7.1089 yesterday). The year's low fix was set before the weekend (CNY7.1030). The RatingDog (formerly Caixin) services and composite PMI were reported earlier today. The services PMI rose to 53.0 from 52.6, helped by summer travel and new orders. The composite rose to 51.9 from 50.8. JPY: The combination of the jump in US rates and heightened political uncertainty in Japan helped lift the dollar to almost JPY149 yesterday. It frayed the 200-day moving average (~JPY148.90) before settling near JPY148.40. It rose to almost JPY149.15 today, in late Asia Pacific turnover, but is finding support in the European morning ahead of JPY148.50. The final service and composite PMI readings had minor impact, though for the record, the 52.0 composite PMI is the highest since February. Still, the weakness of recent data (e.g., retail sales and industrial production) reported last week, and the political uncertainty with senior LDP officials resigning, further isolating Prime Minister Ishiba, the odds of a BOJ rate hike this year have been scaled back to about 14.5 bp from around 18.5 bp early last week. The LDP report on the recent election results blamed the party and its anti-inflation efforts for the poor showing. A party vote will be held Monday to decide whether to bring forward next year's scheduled leadership contest. There are 342 party members and regional representatives that will vote. The vote is not anonymous, and only those who want to have a leadership election this year need to vote. Two surveys conducted found about 100 LDP officials favor the early contest and 50 are opposed. At the end of the week, Japan will report labor earnings and household spending. Both are expected to have increased. GBP: Sterling was tagged for two cents yesterday before stabilizing. It was sold from Monday's high (~$1.3550) to $1.3340. This overshot the (50%) retracement of August's rally, seen near $1.3370, and approached the (61.8%) retracement around $1.3315. It made a marginal new low, slightly below $1.3335 before rebounding and reached through $1.3415 in early European activity. Sterling seemed particularly sensitive to the jump in Gilt yields. Still, the UK sold a record GBP14 bln 10-year Gilts yesterday, and the demand was 10-times more than was offered. While the French fiscal challenges look poised to topple the government next week, and lead to a possible downgrade (vote of confidence on Sept 8 and Fitch review AA- rating with negative outlook on Sept 12), the UK's fiscal situation is going to come to a head a later with the Autumn budget. Chancellor Reeves has a roughly GBP35 fiscal hole to fill if the government's self-imposed fiscal rules are to be honored. The higher interest rates only aggravate the problem, and the government cannot look to the BOE for much help. The swaps market sees little chance of a hike in the next couple of months and has less than a 40% chance of a hike by the end of the year. The final services and composite PMI reports were revised higher, but sterling's recovery began before their release. Still, both were revised higher. The services PMI was revised to 54.2 from 53.6 of the flash reading and 51.8 in July. The UK's final composite PMI stands at 53.5, up from 53.0 initially and 51.5 in July. It is the highest level since last August 2024. CAD: The greenback rose to CAD1.3815 amid its broad gains yesterday. The peak was recorded in early North American dealings and as the US dollar's gains were pared, it returned to the CAD1.3780 area, around the middle of the day's range. At its best, the US dollar overshot the (38.2%) retracement of the losses since Powell's speech at Jackson hold that was found near CAD1.3805 but stopped short of the next retracement (50%) objective (~CAD1.3825). It is trading quietly today, mostly between about CAD1.3780 and CAD1.3810. Yesterday it was reported that Canada's August manufacturing PMI rose to 48.3 (from 46.1 in July) and is at its best level since January, which was the last time it was above the 50 boom/bust level. Still, the disappointing Q2 GDP, reported before the weekend, boosted the prospect of a rate cut later this month (Sept 17). The odds were steady at around 55%, the highest since July 10. Given the trade impact on GDP, the July merchandise trade balance tomorrow could impact expectations but the jobs data at the end of the week may be more important. The median forecast in Bloomberg's survey calls for a 10k increase in overall jobs, which will not be sufficient to prevent another rise in the unemployment rate (7.0% vs. 6.9% in July and 6.7% in August 2024). AUD: The Australian dollar was sold to about $0.6485 yesterday, roughly the halfway point of its rally since the August 22 low (the day Powell spoke at Jackson Hole). and recovered in North America to around $0.6525. It held just shy of Monday's low. The Australian dollar held above $0.6500 today and is probing near session highs near $0.6535 in late European morning turnover. The final August services and composite PMI were overshadowed by the Q2 GDP report. The economy expanded by 0.6% in Q2, twice the pace seen in the revised Q1 figures. The economy grew about twice as fast in H1 25 than it did in H1 24, but it is unlikely to be sustained. The Reserve Bank of Australia forecasts 1.6% growth this year after 1.1% last year. The IMF is a little more optimistic and it projects a 1.8% increase in GDP this year. For the record, the final composite PMI was revised to 55.5 from 54.9 initially and 53.8 in July. It is the highest since at least April 2022. New orders edged to a new high since April 2022 (55.8 vs. 55.5 in July). Still, while the odds of a rate cut at this month's central bank meeting (September 30) are slim, the futures market has about an 85% chance of a cut at the following meeting (November 4), down from 100% yesterday. MXN: The US dollar spiked to a two-week high yesterday near MXN18.8635 in early North American turnover before pulling back to about MXN18.7145. Nearly all emerging market currencies were caught in the dollar's surge, which moderated early in the North American session. However, the broader risk off appeared to limit the peso's recovery. The greenback is trading between about MXN18.6930 and MXN18.7810 today. The dollar gapped higher against the Brazilian real yesterday and briefly poked above BRL5.50. As the dollar's gains were pared broadly, it entered the gap but did not fill it. The gap extends Monday's high around BRL5.4495. Brazil reported that Q2 GDP rose by 0.4%, slightly more than economists in Bloomberg's survey expected, but a marked slowdown from the 1.3% quarter-over-quarter pace seen in Q1. Economists expected H2 growth to slow further before recovering next year. Disclaimer

Are you too late to get Solana before it pops off in October when the ETF money comes in? It feels like $205 is still a decent price. In this article, we’ll examine the current Solana price graph and provide an update. SOL ▲2.45% has approved one of the most ambitious upgrades in its history. After a two-week governance process, more than 98% of validators voted to adopt the Alpenglow consensus protocol, with 52% of the total stake participating. The upgrade is expected to slash transaction finality from over 12 seconds to just 150 milliseconds, a speed more comparable to Web2 systems than today’s blockchains. The Solana Foundation called the change “a step toward financial infrastructure that operates at internet speed,” arguing that Alpenglow could unlock new use cases requiring responsiveness and cryptographic certainty. So, will the Solana price follow? Solana Price Graph: What the Alpenglow Upgrade Means for the SOL Price (Source: SOLUSDT, TradingView) Alpenglow replaces two of Solana’s core consensus tools: Votor will replace TowerBFT, reducing finality times to sub-second levels. Rotor will replace proof-of-history timestamping, accelerating validator communication. If successful, these changes could make Solana uniquely positioned for high-frequency DeFi, payments, and even institutional trading platforms. As it stands, several Solana devs claim this will make SOL more of a Web2-like user experience, but with Layer-1 security guarantees. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 SOL Price Analysis: Can SOL Hold the $200 Level? SolanaPriceMarket CapSOL$113.19B24h7d30d1yAll time SOL price trades at $207.21, up +5.4% daily, with market cap back above $90Bn. The chart shapes into a cup and handle formation with a rounded base up from $202 to $208 (cup) followed by a shallow pullback (handle). Resistance remains heavy at $205–$207 yet volume increased on the rally, adding weight to the move. A fresh surge in buy volume will be key for breaking through $209 resistance. (Source: Coinglass Volume) Moreover, the Solana price has other bullish factors: Exchange reserves spiked in late August, suggesting profit-taking. SOL whales are accumulating aggressively in the $185–$190 zone, hinting at defense if prices correct. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Institutional Drivers for Solana Price: ETFs, Policy, and Long-Term Growth Speculation around ETFs continues to buoy the market. Among the filings on the table is the Solana REX-Osprey SOL + Staking ETF (SSK), with no clear read on when regulators might decide. If history is anything to go buy then know that Solana has ended September higher in four of the last five years. If Solana is able to maintain its price from now until October, we are most certainly looking towards new all time highs for the SOL price by year’s end. EXPLORE: Is Binance Safu? North Korea Just Stole $13.5M in XVS Crypto Heist Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways US manufacturing is saved! Or at least that’s what crypto investors hope as markets brace for a pivotal day and fresh manufacturing PMI data According to Polymarket, markets expect two 25-basis-point rate cuts in 2025, likely in September and December The post Solana Price Prediction After Alpenglow Upgrade: Is $300 the Next Target for SOL? appeared first on 99Bitcoins.

Asia Market Wrap - Japanese Bond Yields Rise, China Service Sector Strong Most Read: Dow Jones (DJIA) Finishes 0.57% Down After Late Recovery, What Next for Wall Street Indexes? Japanese bonds joined counterparts from around the world as prices continue to dive.This is happening because many companies are selling new bonds, and at the same time, investors are getting worried that major countries have too much debt. When a bond's price falls, the return you get for owning it (its 'yield') goes up, which can hurt the stock market. This has been the current market challenge at the beginning of September. This sent Asian stocks to their lowest point in three weeks. The return on 20-year Japanese government bonds is now the highest it has been since 1999, and the 30-year bond's return is the highest it has ever been. German bond prices have also been falling for five days straight. In the US, the return on 30-year bonds is still near 5% after a recent increase that negatively affected Wall Street. In Japan, The Nikkei .N225 fell 0.88% to close at 41,938.89, while the broader Topix .TOPX lost 1.07% to 3,048.89, their lowest close since August 8. A private report on China's service businesses showed that they grew at the fastest speed in over a year in August. This happened because more people, both in China and in other countries, were buying these services. The report, called the RatingDog index which is compiled by S&P global, gave the sector a score of 53.0 last month, which was up from 52.6 in July. That's the highest score since May 2024. Any score above 50 shows that business is growing, so 53.0 is a strong signal of expansion. Wednesday's numbers also pointed to a big increase in new customers for service companies, including a rise in sales to other countries. European Open - European Stocks Eye Recovery European stocks were recovering from a big drop on Tuesday. The uptick in European shares happened as the selloff in long-term bonds seemed to calm down. The main European stock index, the STOXX 600, rose by 0.4%, with the technology sector leading the way with a 1.3% gain. Shares of Adidas climbed 2.5% after the company Jefferies upgraded its recommendation for the German sportswear brand to "buy" from "hold." Jefferies noted that Adidas has more different ways to grow its business. The pressure on stocks eased as long-term European bonds became more stable. This was a relief, as the main STOXX index had seen its biggest one-day drop in over a month on Tuesday due to worries about government finances. However, concerns are not completely gone, as the yields on long-term German and French bonds are still at multi-year highs. The FTSE 100 and DAX index were both flat in early trade and hovering near key levels of support. On the FX front, the British Pound and Japanese Yen remain under pressure due to concerns about Government finances and political uncertainty in Japan. The US dollar benefitted as the British pound and the Japanese yen both lost value. The dollar's overall strength, measured against a basket of other world currencies (DXY), had already gone up by 0.66% on Tuesday. Following this trend, the euro also dropped a small amount, adding to its losses from the previous day. Meanwhile, the Australian dollar's value stayed mostly the same, and the New Zealand dollar also saw a slight decrease trading at 0.5861 to the USD. Currency Power Balance Source: OANDA Labs Oil prices dipped slightly, but they remained near their highest level in a month. The prices are high mainly because the U.S. recently put new restrictions on a network of shipping companies. Now, market participants are waiting for a meeting of major oil-producing countries (known as OPEC+) that is scheduled for this weekend. The price for Brent crude, was at $68.98 a barrel, while the U.S. oil price was at $65.46 a barrel. For a more in depth and technical look at Oil, read WTI Oil Rallies 1% and Eyes Break of Key Confluence Level. Could a Rally to $70/Barrel Finally Materialize? Gold prices continued to set new records on Wednesday. This is happening because of ongoing uncertainty in the financial markets and because many investors believe that America's central bank, the Federal Reserve, will cut interest rates this month. Earlier today, the price of gold hit a new all-time high of $3,546.99 per ounce, and was recently trading at $3,536.58. At the same time, the price for contracts to buy gold in December also rose, reaching $3,602.40. For more on the factors influencing the gold rally, read Gold (XAU/USD) Eyes Weekly Close Above $3400/oz on Renewed Haven Demand and DXY Weakness Economic Data Releases and Final Thoughts Looking at the economic calendar, the European session will be quiet moving forward after a host of final PMI data this morning. Later in the day, investors will tune into comments from European Central Bank President Christine Lagarde for any insights on monetary policy, while U.S. job openings data for July is also expected ahead of Friday's NFP release. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - DAX Index From a technical standpoint, the DAX Index has dropped below the 100-day MA but appears to have found support at the August 4 swing low at 23471. Immediate resistance is now provided by the 100-day MA with a break above leading to a potential retest of the 24000 handle. There remains potential for further downside and a test of the lower band of the channel pattern which is in play. There is also support at the 23212 level which could come into a play in such a scenario. DAX Daily Chart, September 3. 2025 Source: TradingView.com (click to enlarge) Client Sentiment Data - DAX Index Looking at OANDA client sentiment data and market participants are long on the DAX Index with 65% of traders net-long. I prefer to take a contrarian view toward crowd sentiment and thus the fact that so many traders are long means the DAX Index could fall in the near-term. Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The crypto market closed August with its most active month since January, as spot trading volumes climbed across major exchanges. Data from The Block shows that monthly spot volume reached $1.86 trillion in August, a 5% rise from July’s $1.77 trillion. Binance maintained its lead with $737.1 billion in spot trades, its highest since January, followed by Bybit with $126.5 billion and Bitget with $126.1 billion. (Source: Exchange Volume) This renewed activity comes alongside shifting investor preferences around the best altcoin to buy. U.S. spot Ethereum ETFs attracted $3.87 billion in August inflows, while Bitcoin ETFs saw $751.1 million in outflows during the same month. However, this trend reversed on Tuesday as spot Bitcoin ETFs recorded $332.7 million in net inflows, led by Fidelity’s FBTC and BlackRock’s IBIT, while Ethereum ETFs saw $135 million in outflows. Analysts say this may signal a short-term rebalancing toward Bitcoin’s perceived stability, even as Ethereum retains stronger yield potential over the long term. Meanwhile, decentralized exchanges also saw their busiest month since January, with volumes hitting $368.8 billion. Uniswap led at $143 billion, followed by PancakeSwap at $58.7 billion. DISCOVER: Top Solana Meme Coins to Buy in 2025 Best Altcoin to Buy Now: Eyes on Solana as SOL Price Holds Above $209 WhileBTC ▲0.73% and ETH ▼-1.40% have shown mixed signals this week, trading at $110,943 and $4,316 respectively, SOL ▲2.45% continues to strengthen. Since early August, SOL has made a series of higher highs, consolidating above $185 and now trading around $209. Buyers appear to be targeting the next resistance at $227. Trading data suggests sustained demand, with buying pressure overcoming multiple attempts by sellers to stall the uptrend. This strength may reflect a rotation of capital from Ethereum to Solana, also visible on the SOL/ETH pair, where Solana has outperformed since late August. (Source: SOL/ETH) For traders watching the market today, Solana’s momentum places it among the best altcoins to consider, especially if the broader trend of capital rotation continues into September. Stay tuned to our real-time updates below. 51 minutes ago Is HBAR Price Set to Break $0.30? HBAR News and Whale Buying Set Stage For Bullish September By Fatima Recent news about HBAR whales scooping up over 50M tokens worth $11.3M in just one week. Is this accumulation bullish or just catching falling knives? Let’s find out. From Australia’s CBDC project to White House mentions, Hedera’s credibility keeps rising. Recent launches like IDTrust and tokenization partnerships fuel real-world adoption and steady ecosystem growth. Is Hedera chart shows a bearish setup or just bearish deviation that is going to trap retail to sell in the hands of whales. And are we going to see $0.3 mark soon? Read The Full Article Here The post [LIVE] Crypto News Today, September 3 – Solana Breaks $209, Outperforming BTC and ETH: Best Altcoin to Buy? appeared first on 99Bitcoins.

The US stock market reopened on Tuesday, 2 September, with a weak start after the Labour Day holiday. All four major benchmarks tumbled between –1.3% and –1.8% in the first half of the session, pressured by fears of a global liquidity squeeze following a sharp spike in the UK’s 30-year gilt yield to 5.69%, it’s highest in 27 years, amid concerns over government budget risks. However, losses eased later in the session. The small-cap Russell 2000 outperformed, closing flat, while the S&P 500, Nasdaq 100, and Dow Jones pared earlier declines to finish down –0.7%, –0.8%, and –0.5%, respectively. Incoming Fed dovish pivot provides a liquidity backstop with a bull steepener Fig. 1: SPX 500 major trend with US Treasury yield curve (10-YR minus 2-YR) as of 2 Sep 2025 (Source: TradingView) The intraday rebound in US equities was likely driven by rising expectations of a Fed dovish pivot at the upcoming FOMC meeting on 17 September. According to the CME FedWatch Tool, Fed Funds futures now price in a 91% probability of a 25-bps rate cut to 4.00%–4.25%, up from 89% a week earlier. Hence, the 2-year US Treasury yield, which is sensitive to the changes in the monetary policy stances of the Fed, rose by 2 bps yesterday, which is less than the 3 bps increase seen in the 10-year US Treasury yield Stretching it out over a longer-term horizon, the 2-year US Treasury yield has fallen by 15 bps from 21 August 2025 to Tuesday, 2 September 2025, a higher magnitude in comparison to the 10-year US Treasury yield, which only dropped by 7 bps. This observation seen on the US Treasury yield curve (10-year minus 2-year) is called a bull steepener, where short-term interest rates fall faster than long-term rates, widening the spread between them. It tends to be bullish for the US stock market at least in the medium-term, as the liquidity infusion from the Fed can be used to negate the adverse effects of the US White House trade tariffs policies (see Fig. 1). Let’s now take a deep dive into the short-term directional bias and key levels to watch on the US SPX CFD Index (a proxy of the S&P 500 E-mini futures) from a technical analysis perspective. Fig. 2: US SPX 500 CFD Index minor trend as of 3 Sep 2025 (Source: TradingView) Preferred trend bias (1-3 days) Yesterday’s sell-off has been overdone. The medium-term uptrend phase of the US SPX 500 remains intact. Bullish bias for a short-term recovery in the first step, watch the 6,370/6,350 key medium-term pivotal support (see Fig. 2). A clearance above 6,450 intermediate resistance increases the odds of the recovery process for the next intermediate resistances to come in at 6,490 and 6,517 (close to the current all-time high level of 6,513 and a Fibonacci extension cluster). Key elements Yesterday’s sell-off seen in the US SPX CFD Index has managed to stall at the lower boundary of a medium-term ascending channel in place since the 23 May 2025 low.The hourly RSI momentum indicator of the US SPX CFD Index has flashed a bullish divergence condition at its oversold condition and staged a bullish breakout from a parallel descending resistance.The higher beta equal-weighted S&P 500 Consumer Discretionary sector ETF has continued to outperform the defensive-oriented equal-weighted S&P 500 Consumer Staples sector ETF (see Fig. 2). This observation supports a bullish reversal scenario in the US SPX 500 CFD Index.Alternative trend bias (1 to 3 days) Failure to hold at the 6,370/350 key medium-term support on the US SPX 500 CFD Index jeopardises its medium-term uptrend phase to expose the next intermediate supports at 6,320 and 6,290 in the first step. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Bitcoin (BTC) has seen a 4% bounce from the lows to retest a crucial resistance level, which could determine whether a breakout or a breakdown is next. Meanwhile, an analyst suggested that BTC’s final leg up and cycle peak could come in the coming weeks. Bitcoin Key Attempts Key Level Reclaim Following its recent drop, Bitcoin is now attempting to break out of its local range high and reclaim the $111,000 zone as support. As September started, the flagship crypto retested the $107,000 range low before bouncing 4% to the local upper boundary. Analyst Ali Martinez noted that BTC has been trading in a descending channel on the 4-hour chart for the past two weeks. The cryptocurrency retested the pattern’s upper boundary, around $110,700, breaking above this area on Tuesday morning. To the market watcher, Bitcoin needs to close above $110,700 for a meaningful rebound, as a confirmed breakout above this level could set the stage for a retest of $113,500. On the contrary, failing to reclaim this resistance will likely reinforce bearish momentum and deepen the correction, the analyst warned, adding that “the SuperTrend indicator also aligns with this zone, maintaining a bearish posture at $110,700.” Meanwhile, Sjuul from AltCryptoGems suggested that Bitcoin is attempting to replicate the same playbook of the recent significant pumps. According to the chart, the flagship crypto has entered a corrective period following a new all-time high (ATH), displaying a falling wedge pattern before breaking out again. Based on this, the $108,000 level is a key area for the bulls as it serves as a crucial bounce point. Holding this level would “confirm BTC’s strength on the higher timeframe, showcasing a formidable price action with resistance flipping and retesting.” To Sjuul, Bitcoin is at a “critical juncture to keep playing the same tune,” and failing to maintain it would increase the risks of a bigger correction to the $98,000 level, where the Weekly EMA50 sits. BTC To Peak In Coming Weeks? Rekt Capital gave a higher timeframe perspective for the flagship crypto, highlighting that BTC has shown mixed signals after failing to close the week above the $109,000 level. This level previously served as the final weekly resistance before new ATHs, which suggests it could be the first technical signal of a bearish confirmation. Nonetheless, he asserted that while the weekly timeframe is “showing early signs of weakness, the Monthly chart tells a different story.” Notably, Bitcoin has held its Macro Range of $107,200-$116,000. Additionally, monthly candles have produced long downside wicks throughout the cycle, with deep retests often occurring before trend continuation. This suggests that the broader market structure remains intact despite weekly pressure. As this week progresses, the cryptocurrency could see heightened volatility, tapping the $104,000 on a wick. He stated that “If the Weekly timeframe confirms rejection from $107k and progresses bearish confirmation, that could be the trigger for such a Monthly wick.” In this case, “then the goal for price would be to then resynchronize with the Monthly Range before the Monthly Close is in” to maintain the macro structure and set the stage for one last leg up. The analyst also noted that the previous bull market lasted about 152 weeks, while this one is already 145 weeks into it. This could signal that there are only around seven weeks left if the current bull market were to repeat its previous performance. “If Bitcoin is going to peak in its Bull Market in mid-September/mid-October 2025 as per historical Halving cycles… That’s either two weeks away or 1.5 months away,” the analyst concluded.

Bitcoin (BTC) has experienced a significant correction this week, retracing over 10% from its all-time highs above $124,000. Despite this downturn, many remain optimistic about the cryptocurrency’s potential for further gains in the coming months. David Bailey, CEO of Bitcoin Magazine and a crypto advisor to President Donald Trump, has attributed the recent price fluctuations to the activities of large investors, commonly referred to as “whales.” Bitcoin Sell-Off Triggered By Whales? In a recent social media post on X (formerly known as Twitter), Bailey pointed out that two prominent whales are responsible for the recent sell-off, having reportedly liquidated 80,000 and 120,000 BTC, respectively. Interestingly, NewsBTC reported last week that despite record inflows into Bitcoin exchange-traded funds (ETFs) and growing interest from public companies, Binance may be one of these whales orchestrating the sell-off. DeFitracer suggested that Binance might be utilizing a market maker, Wintermute, to strategically execute trades, thereby creating a bearish trend that retail investors might follow. This strategy could allow Binance to profit from liquidations in the futures market. Adding another layer to the current market dynamics, data analysis firm Arkham recently disclosed that a whale with over $5 billion in Bitcoin has begun purchasing Ethereum (ETH), moving $1.1 billion worth of BTC to a new wallet to facilitate these transactions. Although Bailey did not disclose the identities of the whales involved, he indicated that one is already “down,” while the other is halfway to a similar fate. This could suggest that once these sell-offs conclude, the Bitcoin price could regain its momentum, potentially reaching Bailey’s target of $150,000 per coin, which would signify a substantial 36% increase from current price levels. Public Companies Now Hold Over 6% Of BTC’s Supply In addition to the alleged whale activity that has suppressed Bitcoin’s uptrend, the growing involvement of publicly traded companies in the cryptocurrency market is impacting its price stability. According to JPMorgan global market strategist Nikolaos Panigirtzoglou, corporate treasuries now hold over 6% of Bitcoin’s total supply, acting as a form of private sector quantitative easing for the crypto markets. The analyst noted that the surge in Bitcoin purchases by corporate treasuries has led to a decrease in the cryptocurrency’s volatility, which could ultimately make the asset more appealing to investors. Panigirtzoglou highlighted that in July alone, public companies like Strategy (previously MicroStrategy), accounted for nearly two-thirds of Bitcoin purchases among major buyers, including exchange-traded funds and government entities. He suggests that this influx of institutional investment may reshape the landscape of Bitcoin ownership and trading, as reduced volatility can enhance BTC’s attractiveness as an investment alternative, particularly in comparison to gold. As of this writing, the leading cryptocurrency is trading at $110,900. This represents a slight 2% surge in the last 24 hours and a 90% increase year-to-date. Featured image from DALL-E, chart from TradingView.com

On-chain data shows the Bitcoin Exchange Reserve has witnessed a spike recently, a sign that could be bearish for the asset’s price. Bitcoin Exchange Reserve Has Hit A Multi-Month High In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Exchange Reserve of Bitcoin. The “Exchange Reserve” refers to an on-chain indicator that keeps track of the total amount of the cryptocurrency that is sitting on the wallets attached to centralized exchanges. When the value of the metric goes up, it means the investors are making net deposits of the asset to these platforms. Generally, one of the main reasons why holders would transfer their coins into the custody of exchanges is for selling-related purposes, so this kind of trend can have bearish consequences for the BTC price. On the other hand, the indicator witnessing a decline suggests investors are taking out a net number of tokens from the exchanges. Such a trend can be a sign that the holders want to hold their BTC into the long term, which can naturally be bullish for the asset’s value. Now, here is a chart that shows the trend in the Bitcoin Exchange Reserve over the history of the cryptocurrency: As is visible in the above graph, the Bitcoin Exchange Reserve peaked in late 2024 and saw a reversal to a downtrend, indicating that investors switched to net withdrawals. The decline in the metric was persistent, but very recently, another turnaround has finally occurred, with the indicator shooting up instead. Its value has now reached the 3.383 million BTC mark, which is the highest that it has been in a few months. “This signals a shift in trader behavior,” notes Maartunn. “More coins moving to exchanges often precedes increased selling pressure.” The deposit spree from the investors has come alongside a period of bearish action in the Bitcoin price. It now remains to be seen whether these exchange inflows would extend the drawdown. Speaking of the price decline, on-chain analytics firm Glassnode has discussed about how this plunge compares against past ones in terms of the BTC supply in loss. As displayed in the chart, only 9% of the Bitcoin supply is in loss following the price drawdown. The maximum loss among these underwater coins is also currently just 10%. As Glassnode explains, In contrast, the local bottom of this cycle saw >25% of supply at up to 23% losses, and global bear markets have reached >50% supply with up to 78% losses. This dip remains relatively shallow. BTC Price At the time of writing, Bitcoin is trading around $111,200, up 2% over the last 24 hours.

Bitcoin is holding steady at nearly $110,000, even with the ongoing market dip and Arkham Crypto’s latest data reveals the UAE’s Royal Group has quietly mined $700 million worth of Bitcoin, making them the sixth-largest sovereign crypto holder. Unlike others who bought or seized crypto, the UAE Royal Group mined its BTC ▲0.58% using green energy, pointing to a more sustainable approach to building wealth through crypto. (source, UAE crypto holding – Arkham Crypto) Apart from the UAE Royal Group’s Bitcoin holding, the demand for Ethereum staking is also surging. There’s growing momentum in crypto in general as real-world assets begin blending traditional finance with decentralized tools. Arkham owns crypto AI also uncovered big personal holders, like Michael Saylor, who owns over 17,000 BTC himself apart from Strategy. Governments, including the US and Bhutan, are in the game too. These are huge; they show that crypto is no longer a niche as it has become the place where serious money is going. BitcoinPriceMarket CapBTC$2.22T24h7d30d1yAll time DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Arkham with Crypto Data, But Where Will Crypto Go? Cathie Wood expects Bitcoin to reach $1 million within five years. Along with it, ETH ▼-1.70% was also predicted to hit $8,000 this year due to its deflationary nature. Altcoins and tokenized assets may explode in value, turning small investments into big profits. Memecoins continue to make waves. PEPE, the likely meme winner this cycle, pumped by 300% in July alone. DOGE and SHIB are still attracting whales. Even new players like BONK, TRUMP, and SPX6900 are making noise, some with AI twists, others by just hypes. DogecoinPriceMarket CapDOGE$32.39B24h7d30d1yAll time Apart from his memecoin, Trump has also created another drama too. A Trump-backed token, WLFI, dropped after launch, very different from his TRUMP memecoin. There are some FUDs going on the token itself, especially with the ugly bubblemaps that people are complaining. As per Arkham Intelegence, the World Liberty Fi is holding more than $13 Billion in WLFI token. (source, World Liberty Fi crypto holding – Arkham Crypto) Arkham also shows that some of the richest Asian investors are now putting about 5% of their portfolios into crypto. Bitcoin’s dominance is easing as Ethereum and others gain ground. The rise of memecoins is giving retails a shot at financial freedom. With Ethereum gearing up and institutional money flowing in, Q4 could be explosive. Follow us for today’s development here. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates There are no live updates available yet. Please check back soon! The post Latest Crypto Market News Today, September 3 – Arkham Crypto Reveals Some of The Wealthiest Investors: ARKM AI Data Shows UAE Royal Group $700M in Bitcoin appeared first on 99Bitcoins.

Strategy, the largest Bitcoin (BTC) treasury company formerly known as MicroStrategy, has reinforced its vision to accumulate Bitcoin by acquiring nearly $450 million worth of the market’s leading cryptocurrency. This move comes as the firm’s co-founder, Michael Saylor, remains optimistic about the digital asset’s long-term potential, even in the face of recent price corrections that have seen Bitcoin dip over 10% below its all-time highs. Strategy Continues Bitcoin Buying Spree In a recent update shared on X (formerly Twitter), Saylor revealed that Strategy acquired 6,048 Bitcoin for a total price of $449.3 million between August 26 and September 1, 2025. This latest purchase adds to the firm’s substantial holdings, which now total 636,505 BTC, acquired at an average cost of approximately $73,765 per Bitcoin, amounting to an investment of around $46.95 billion. Saylor also highlighted that Strategy has achieved a Bitcoin yield of 25.7% year-to-date (YTD). Additionally, the firm provided updates on its at-the-market offering programs, which included the sale of various preferred shares and common stock, generating significant net proceeds. This includes 199,509 shares of 8.00% Series A Perpetual Strike preferred stock for $19 million, 237,931 shares of 10.00% Series A Perpetual Strife preferred stock for $26.5 million, and 1,237,000 shares of MSTR for $425.3 million. The aggressive investment strategy employed by Saylor’s firm has inspired other public companies to explore similar avenues. Strategy has been a trailblazer in this space, being one of the first publicly traded companies to adopt Bitcoin as a primary treasury asset. This growing trend is bolstered by favorable regulations and initiatives stemming from President Donald Trump’s administration, which have facilitated broader adoption of these assets, including altcoins like Ethereum (ETH), Binance Coin (BNB) and XRP. Metaplanet Becomes Seventh-Largest BTC Holder A notable example of this investment shift by public companies is Metaplanet, often referred to as “Japan’s MicroStrategy.” The company has approved a plan to sell up to 550 million new shares overseas, aiming to raise approximately 130.3 billion yen ($884.41 million) to finance additional Bitcoin purchases. Once a hotel operator, Metaplanet has pivoted to focus on cryptocurrencies, inspired by Saylor’s approach. Founder and CEO Simon Gerovich liquidated most of the company’s hotel assets, which had been struggling due to the COVID-19 pandemic, redirecting those funds into Bitcoin starting in April 2024. Metaplanet’s strategy has proven effective, as it has become the seventh-largest holder of Bitcoin among public treasuries globally, according to BitcoinTreasuries.net data. The company recently announced on Monday the addition of 1,009 BTC to its total, bringing its holdings to 20,000. Its stock, MTPLF, has experienced a surge of about 740% YTD, currently valued at $5.82 per share. Strategy’s stock, under the ticker symbol MSTR, is trading at $343 as of this writing, up 2.5% from Monday’s price. Meanwhile, Bitcoin trades at $111,630, up 2% in the last 24 hours. Featured image from DALL-E, chart from TradingView.com

Cardano price started a fresh recovery from the $0.780 zone. ADA is now rising and might attempt a clear move above the $0.840 zone. ADA price started a decent upward move from the $0.780 support zone. The price is trading above $0.8120 and the 100-hourly simple moving average. There was a break above a short-term contracting triangle with resistance at $0.8250 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could extend gains if it clears the $0.840 resistance zone. Cardano Price Eyes Steady Increase After a sharp decline, Cardano found support near the $0.780 zone and started a recovery wave, like Bitcoin and Ethereum. ADA was able to surpass the $0.80 and $0.8250 resistance levels. Besides, there was a break above a short-term contracting triangle with resistance at $0.8250 on the hourly chart of the ADA/USD pair. Finally, the price traded close to the $0.840 level. A high was formed at $0.0.8395 and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $0.7822 swing low to the $0.8395 high. Cardano price is now trading above $0.8250 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.840 zone. The first resistance is near $0.860. The next key resistance might be $0.90. If there is a close above the $0.90 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.980 region. Any more gains might call for a move toward $1.00 in the near term. Another Decline In ADA? If Cardano’s price fails to climb above the $0.840 resistance level, it could start another decline. Immediate support on the downside is near the $0.0.8250 level. The next major support is near the $0.0.8180 level and the 50% Fib retracement level of the upward move from the $0.7822 swing low to the $0.8395 high. A downside break below the $0.8180 level could open the doors for a test of $0.780. The next major support is near the $0.750 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.8180 and $0.7800. Major Resistance Levels – $0.8400 and $0.9000.

Bitcoin flashed a short-term “buy” signal that previously marked the $49,000 and $74,000 swing lows, according to on-chain analyst Frank (@FrankAFetter), a quant at Vibe Capital Management. “Officially got the Oversold print on the short-term holder MVRV bollinger bands,” he wrote on X, pointing to prior occurrences during the “Yen Carry Unwind” around $49,000 and the “Tariff Tantrum” near $74,000, adding a third instance “Today – $108k. The metric in focus blends the short-term holder market-value-to-realized-value (STH-MVRV) ratio with Bollinger Bands to capture when newer coins trade at statistically depressed valuations versus their cost basis. In the chart Frank shared, the STH-MVRV Bollinger oscillator probed the oversold threshold that previously aligned with local exhaustion of selling. More Reasons To Be Bullish For Bitcoin On a companion panel, the STH-SOPR gauge—spent-output profit ratio for coins younger than roughly 155 days—remains below 1.0, signaling that recent buyers are realizing losses into the tape rather than profits. “Short-term holders (top buyers) are in pain & realizing losses,” Frank noted, emphasizing that “STH-SOPR is not high!” Positioning has also turned cleaner in derivatives. “Longs got ‘delevered’ every day last week—that’s seven straight days of magic blue dots,” he said, describing persistent long liquidations and balance-sheet shrinkage among leveraged bulls. He is now “watching for the flip: when they give up and start shorting with leverage (exactly at the wrong time), providing fuel for a potential relief squeeze.” Macro context may be additive, in his view. “Gold hit new highs last week. ‘Gold leads, bitcoin follows.’ The yellow metal often looks around corners, and it might be sniffing out the debasement trade headed into 2026 as the administration stokes the economy for mid-terms,” he wrote, suggesting a potential catch-up dynamic if Bitcoin lags the move in bullion. Risk markers remain clearly defined. Frank pegs the short-term holder realized price—an aggregate cost basis for recent coins—at $108,800. “If BTC breaks down below the short-term holder cost basis of $108.8k, it may want to investigate demand at the 200-day moving average, which sits at $101k.” That layered support map frames the oversold print as a tactical signal inside a still-intact longer-term uptrend, but it also acknowledges that violations of STH cost basis can extend tests toward the cycle’s primary trend gauge. Taken together, the confluence of these signals presents a strong confluence, according to Frank. Whether history rhymes again will hinge on spot demand emerging above short-term cost basis and on whether any shift toward aggressive shorting provides the fuel for a squeeze. As Frank summarized, “If we are in a bull market—and I believe we are—this is the kind of behavior that typically sets the stage for the next leg higher.” At press time, BTC traded at $111,382.

XRP price is attempting to recover above the $2.720 zone. The price is now moving higher and might gain pace if it clears the $2.880 resistance. XRP price is attempting to recover above the $2.80 resistance. The price is now trading above $2.80 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2.825 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise if it stays above the $2.780 zone. XRP Price Eyes Upside Break XRP price managed to stay above the $2.70 level and started a recovery wave, like Bitcoin and Ethereum. The price climbed above the $2.75 and $2.80 resistance levels. There was a move above the 23.6% Fib retracement level of the downward move from the $3.040 swing high to the $2.70 low. However, the price seems to be facing hurdles near the $2.880 level. Besides, there is a bullish trend line forming with support at $2.825 on the hourly chart of the XRP/USD pair. The price is now trading above $2.80 and the 100-hourly Simple Moving Average. If the bulls protect the $2.780 support, the price could attempt another increase. On the upside, the price might face resistance near the $2.870 level. The first major resistance is near the $2.920 level or the 61.8% Fib retracement level of the downward move from the $3.040 swing high to the $2.70 low. A clear move above the $2.920 resistance might send the price toward the $2.980 resistance. Any more gains might send the price toward the $3.00 resistance. The next major hurdle for the bulls might be near $3.050. Another Decline? If XRP fails to clear the $2.920 resistance zone, it could continue to move down. Initial support on the downside is near the $2.820 level. The next major support is near the $2.780 level. If there is a downside break and a close below the $2.780 level, the price might continue to decline toward $2.70. The next major support sits near the $2.650 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.780 and $2.70. Major Resistance Levels – $2.870 and $2.920.

Chainlink (LINK) surged 3% to trade around $24 on Monday, marking a beginning of a strong performance in September despite a broadly cautious crypto market. The rally was fueled by two significant announcements: a landmark U.S. government partnership to publish macroeconomic data on-chain and Bitwise’s filing for a spot Chainlink ETF with the SEC. The U.S. Department of Commerce confirmed that the Bureau of Economic Analysis (BEA) will now release critical indicators such as GDP growth and the PCE Price Index directly across blockchain ecosystems like Ethereum, Arbitrum, and Optimism. Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which already handled $130 million in transfers this week, will play a vital role in ensuring data reliability across networks. Government Data Goes On-Chain The ETF move positions Chainlink at the forefront of blockchain adoption by governments. Commerce Secretary Howard Lutnick believes that the decision indicates America’s growing commitment to digital innovation, noting that the first on-chain data point published was a 3.3% GDP growth figure. Analysts believe the integration of government data could revolutionize sectors ranging from automated trading strategies to decentralized finance (DeFi) risk management. Mike Cahill, founder of Douro Labs and a core contributor to Pyth Network, called the initiative “a new wave of transparency and innovation. By bringing trusted government data on-chain, Chainlink strengthens its role as a backbone for blockchain-based financial products, real-time prediction markets, and tokenized asset platforms. Chainlink (LINK) Price Forecast From a technical perspective, Chainlink’s price action shows bullish momentum building near resistance levels. The token rebounded from $23 support last weekend and is now testing the $23.50–$24 resistance zone. A successful breakout above $25.50 could open the door for targets at $27.20 and $29.50, aligning with February’s highs. However, analysts caution that a failure to hold above $24.20 may weaken the short-term outlook, potentially pushing LINK back toward the $23.00 support area. Still, with institutional interest rising after Bitwise’s ETF filing and government adoption underway, sentiment around Chainlink remains notably bullish. As one of the few altcoins outperforming in a market weighed down by Bitcoin’s pullback, Chainlink’s latest surge may be a sign of growing resilience, and possibly the start of a larger breakout. Cover image from ChatGPT, LINKUSD on Tradingview

Ethereum price started a fresh decline below the $4,500 zone. ETH is now attempting a recovery and might face hurdles near the $4,400 zone. Ethereum is still struggling to recover above the $4,500 zone. The price is trading below $4,450 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $4,420 level in the near term. Ethereum Price Eyes Upside Break Ethereum price started a recovery wave after it tested the $4,220 zone, like Bitcoin. ETH price was able to climb above the $4,250 and $4,300 resistance levels. The recent low was formed at $4,258 and the price is now consolidating losses. It is trading near the 50% Fib retracement level of the recent decline from the $4,416 swing high to the $4,258 low. A base seems to be forming above the $4,250 level, but the bears might remain active near the $4,400 resistance zone. Ethereum price is now trading below $4,400 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $4,380 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,355 level or the 61.8% Fib retracement level of the recent decline from the $4,416 swing high to the $4,258 low. The next key resistance is near the $4,380 level and the trend line. The first major resistance is near the $4,415 level. A clear move above the $4,415 resistance might send the price toward the $4,480 resistance. An upside break above the $4,480 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,550 resistance zone or even $4,580 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,415 resistance, it could continue to move down. Initial support on the downside is near the $4,250 level. The first major support sits near the $4,220 zone. A clear move below the $4,220 support might push the price toward the $4,165 support. Any more losses might send the price toward the $4,120 support level in the near term. The next key support sits at $4,050. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 zone. Major Support Level – $4,250 Major Resistance Level – $4,415

A cryptocurrency analyst has explained how Toncoin could be awaiting a 50% price move, based on a technical analysis (TA) pattern. Toncoin Is Coiling Inside A Symmetrical Triangle In a new post on X, analyst Ali Martinez has shared a TA pattern forming in the daily price chart of Toncoin. The formation in question is a triangle, which forms when an asset’s price consolidates between two converging trendlines. Triangles can be classified into a few different types based on the slope of their trendlines. Triangles that have their upper line flat and lower line angled upward are known as ascending triangles. Similarly, a flat lower line creates a descending triangle. Beyond the two, there is also a third type. When the trendlines are approaching each other at a roughly equal and opposite angle, the pattern is called a symmetrical triangle. The triangle forming in TON’s price is closest to this type. In a symmetrical triangle, the asset’s consolidation gets narrower in a sideways manner as it travels across the channel, until it shrinks down to a point at the apex. Like other consolidation channels in TA, the upper line of the pattern is likely to be a source of resistance, while the lower one is that of support. A breakout of either of these lines can imply a continuation of the trend in that direction. In ascending and descending triangles, breakouts are more likely to occur toward the upside and downside, respectively. For symmetrical triangles, however, there is no bias toward any particular direction, with an escape being about equally probable both ways. Now, here is the chart shared by Martinez that shows the triangle that the daily price of Toncoin has been stuck inside for the last few months: As displayed in the above graph, Toncoin has been trading inside what appears to be a symmetrical triangle. The asset is already a decent part of the way into the channel, with it set to reach the end of it in just a couple more months. Generally, breakouts become more likely to occur the closer the price gets to the apex of the triangle. As TON’s consolidation is becoming quite narrow now, it’s possible that a move beyond one of the trendlines could occur in the near future. According to the analyst, a breakout from this pattern may result in a 50% move for Toncoin. Since this is a symmetrical triangle, this breakout could, in theory, be equally probable to occur in either direction. For now, however, TON seems to be closing toward a retest of the lower boundary. If a retest occurs, it will be interesting to see whether support holds or if a bearish breakdown would occur. TON Price Toncoin sunk below $3.04 a few days back, but the asset has since made some recovery to $3.11.

Bitcoin price is attempting a recovery wave above $110,000. BTC is now rising and might gain pace if it clears the $112,000 resistance level. Bitcoin started a recovery wave above the $110,000 zone. The price is trading above $111,000 and the 100 hourly Simple moving average. There is a short-term rising channel forming with support at $110,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $112,000 zone. Bitcoin Price Starts Recovery Bitcoin price started a fresh recovery wave above the $108,500 zone. BTC was able to climb above the $108,800 and $110,000 resistance levels. The price cleared the 50% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. The upward move was such that the price spiked above the $111,200 level. Besides, there is a short-term rising channel forming with support at $110,500 on the hourly chart of the BTC/USD pair. However, the bears are still active near $111,500. Bitcoin is now trading above $110,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $111,500 level. The first key resistance is near the $112,000 level or the 76.4% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. The next resistance could be $112,500. A close above the $112,500 resistance might send the price further higher. In the stated case, the price could rise and test the $113,450 resistance level. Any more gains might send the price toward the $114,500 level. The main target could be $115,500. Another Decline In BTC? If Bitcoin fails to rise above the $112,000 resistance zone, it could start a fresh decline. Immediate support is near the $110,400 level. The first major support is near the $109,500 level. The next support is now near the $108,500 zone. Any more losses might send the price toward the $107,350 support in the near term. The main support sits at $105,500, 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 above the 50 level. Major Support Levels – $110,400, followed by $109,500. Major Resistance Levels – $111,500 and $112,500.

Solana (SOL) has staged a recovery after testing support at $195, with traders closely watching the $205–$215 resistance zone. A decisive break above this level could open the door for a surge toward $225 and beyond. Analysts highlight that technical signals are aligning with renewed buying pressure from whales and “shark” wallets, suggesting confidence in Solana’s medium-term trajectory. Despite volatility in August, Solana’s price has held above the critical $183–$190 range, forming a base for potential upside. Futures trading volumes exceeding $50 billion further underscore the renewed investor interest. Analysts argue that if momentum continues, Solana could push toward $250 before testing the psychological $300 mark. Alpenglow Upgrade Fuels Institutional Confidence The biggest catalyst behind Solana’s bullish narrative is its Alpenglow upgrade, a game-changing overhaul that has transformed network performance. Block finality has been slashed to 100–150 milliseconds, while throughput now exceeds 107,000 transactions per second (TPS), outpacing Ethereum and even legacy systems like Visa. Key innovations include Votor, an off-chain validation process that reduces bottlenecks, and Rotor, a stake-weighted relay system that cuts latency by 40%. Together, they solve long-standing institutional pain points around speed and reliability. Validator costs have also dropped dramatically, from $60,000 annually to just $1,000, improving decentralization while opening the door for high-frequency trading, tokenized settlements, and real-time DeFi applications. For institutions, the 20+20 resilience model, ensuring operations continue even with 40% validator failures, cements Solana’s reputation as a Nasdaq-grade blockchain infrastructure. With 99.6% validator approval, the upgrade positions Solana as one of the most robust and cost-efficient blockchains available. Whale Accumulation and Solana Path to $300 Institutional flows are echoing the bullish momentum. Galaxy Digital recently moved $103 million worth of SOL to Coinbase, sparking speculation about shifting strategies. Meanwhile, hedge funds like Pantera Capital are preparing fresh allocations into Solana’s ecosystem, reinforcing confidence in its long-term growth. At the same time, “shark” wallets have quietly accumulated at key support levels, reflecting strong conviction in Solana’s long-term growth. Analysts caution that failure to clear the $215 resistance could trigger a retest of the $190 zone, but consensus remains that a breakout is likely if accumulation continues. A sustained move above $215 could open the path toward $250, $295, and ultimately $300. Still, risks remain, dropping below $195 may expose the price to deeper retracements near $188 or lower. Cover image from ChatGPT, SOLUSD chart from Tradingview

Shiba Inu (SHIB) is showing signs of a powerful comeback as fresh bullish signals emerge on the charts. A rare divergence pattern is fueling speculation of a massive reversal, with analysts eyeing a potential rally that could stretch as high as $0.000081. But can SHIB really sustain the momentum for such an explosive rally? Bullish Divergence Sparks Hopes Of A Reversal In a recent update shared on X, Javon Marks revealed that Shiba Inu has confirmed a bullish pattern through a regular bullish divergence on the MACD histogram. This technical development signals a notable shift in momentum that could mark the beginning of a major reversal for SHIB, with buyers slowly regaining control of the market structure. Javon Marks further explained that this signal points to a possible 163% surge, which could lift SHIB back into the $0.00003 range. Such a move would not only signal renewed bullish strength but also mark an important recovery from the recent periods of consolidation and price weakness that have kept the token under pressure. The analyst also stressed that this projection may represent only the first leg of a much larger rally, suggesting that the token is preparing for a sustained upward move rather than a short-lived bounce. Looking further ahead, Javon Marks outlined an even more ambitious scenario for SHIB. If bullish momentum continues to build, the breakout pattern could fuel an extraordinary 570% run, potentially driving the price toward the $0.000081 target. Such a move would dramatically reshape SHIB’s long-term outlook, establishing it as one of the most aggressive rebound moments in the crypto market. Shiba Inu Key Technical Outlook Presently, the first significant resistance sits near $0.000017, a level that has acted as a barrier in recent sessions. A successful close above this zone could open the door toward $0.0000204, and potentially drive SHIB toward the $0.0000263 mark. Breaking through these levels would confirm renewed bullish momentum and could encourage further accumulation by buyers. On the downside, SHIB has immediate support around $0.0000080, which aligns with recent lows. A deeper pullback could test the $0.0000065 region, where the 100-day moving average currently provides backup. If bears manage to push the price below this level, SHIB risks revisiting the $0.00000534 support area, which would likely increase selling pressure. For now, Shiba Inu remains in a wait-and-see zone. A decisive break above resistance could spark a bullish continuation, while failure to hold above near-term support might expose the token to further downside.

McEwen (NYSE, TSX: MUX) says drilling at its Grey Fox project in Ontario continues to deliver attractive gold grades and widths, demonstrating continuity across key zones, namely Gibson and Grey Fox South. New intercepts highlight the potential for near-term resource expansion, the Canadian miner stated, as it looks to build on the current resource of 1.54 million gold ounces at 3.64 g/t gold indicated and 458,000 ounces at 3.30 g/t inferred. Geological similarities with large regional deposits, such as Canadian Malartic, reinforce Grey Fox’s growth potential, the company noted, adding that an updated resource estimate for Grey Fox, part of the larger Fox Complex, is expected next month. “We are delighted to have four key projects driving our gold mining business in both the near and long term,” CEO and chief owner Rob McEwen stated in a press release. “Exploration drilling on our Fox Complex, specifically Grey Fox, continues to exceed expectations, while underground development at our Stock Mine and Froome West is progressing well. He went on to say that these two developments are expected to increase the company’s gold production and lower its costs in 2026. “With gold performing exceptionally well, our gold-focused projects and operations put McEwen in a strong position to take advantage of higher prices. Our goal over the next few years is clear: to grow annual output beyond 200,000 gold ounces and reduce production costs,” McEwen said.

Most Read: Why are government bond yields rising so much as of late? The summer lull appears to be over with September off to a rocking and volatile start for global markets. Stock markets have not started September on the front foot, which isn't a surprise given that it is a notoriously tricky month for US equity markets. The US exchanges reopened after the holiday, and nerves rose. Some traders have long felt that stock prices are maybe too high, especially as the economy shows signs of slowing. At the same time, political talk about trade tariffs adds to the doubt, and there are whispers that the Federal Reserve could be feeling pressure from the President. The tip of the iceberg appeared on Tuesday when new questions surfaced over the weekend about whether the President’s tariffs are even legal. That doubt was enough to push both stocks and bonds down. Consequently, most market participants expect more swings this week, particularly before Friday’s big NFP jobs report. There remains a possibility that the volatility could simply be a short‑term reaction, not a sign of a deeper problem. The road ahead looks uncertain, and market participants will watch closely. This is backed up by the Atlanta Fed's GDPNow model. The model projects that US real GDP will expand at a 3.5% annualized rate in Q3 2025, suggesting steady and robust economic growth. Source: IsabelNet, Blue Chip financial forecasts The CBOE Market Volatility index .VIX touched its highest mark in over four weeks, while a selloff in the global bond market also raised concern. Benchmark 10-year Treasury yields, which rise when bond prices drop, surged by nearly five basis points to 4.269%, while 30-year yields surged to their highest since mid-July. When bond yields rise they become more attractive and usually lead to an outflow in equities and a pivot into bonds. September Seasonal Woes Historically, September is the worst-performing month for US stocks—this holds true for the past 10 years, 20 years, and going back to 1950. It is rare to see both August and September finish higher in a post-election year. Source: IsabelNet, Carson Investment Research One possible reason the stock market is often weak in September is that it's when investors return from their summer vacations and get back to work. They often sell stocks they no longer want to "clean up" their investments and make changes for tax purposes before the end of the year. The Week Ahead Investors are paying very close attention to the U.S. jobs report that will be released this Friday. The report will give market participants a clue about how much the Fed might cut interest rates in the coming months. However, if inflation remains a problem, the Fed may not be able to lower rates as much as market participants are hoping. Market participants will be watching the confirmation hearing for Stephen Miran, who is the President's choice for a temporary position at the Fed. This is significant because it's happening at a time when the President is increasing his public attacks on the Fed. He has been constantly criticizing the Fed's chairman, Jerome Powell, for not cutting interest rates and is also trying to get another member, Lisa Cook, removed from her position. Markets have been concerned about Fed independence and this remains a key topic of discussion which could have an impact on sentiment. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Technical Analysis - Dow Jones Index From a technical standpoint, the Dow Jones index saw whipsaw price action on Tuesday with the index down as much as 1% before recovering in the second half of the day to finish the day down 0.57%. Looking at the four-hour chart below, the Dow has seen a change in structure as it printed a lower low. Price is however stuck now between the 50 and 100-day MAs which rests at 45508 and 45195 respectively. A break below the 100-day MA could open up the possibility of a retest of the 200-day MA at 44880 with the next key support area resting at 44118. Dow Jones Four-Hour Chart, September 2, 2025 Source: TradingView (click to enlarge) Client Sentiment Data - DOW JONES Index Looking at OANDA client sentiment data and market participants are short on the DOW with 77% of traders net-short. I prefer to take a contrarian view toward crowd sentiment and thus the fact that so many traders are short means the Dow Jones Index could rise in the near-term. Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

In a shocking phishing attack, North Korean-connected cybercriminals hit a BNB crypto whale to steal $13.5M in Binance coins, and now the XVS price could be in question – here’s why. A major Venus Protocol user lost about $13.5M on Sept. 1 after a phishing attack targeted their positions. On-chain data and security reports confirmed the attack. It happened at 3:26 PM UTC. Venus Protocol paused operations immediately after the incident. The platform said its smart contracts were still secure, and investigations are ongoing. Was the BNB Hardware Wallet Really Safe from Phishing? Security firm Beosin first reported losses of over $27M. Later, PeckShield revised the number to $13.5M. The initial figure included the user’s debt position. PeckShield said, “Initial estimates were higher as we did not exclude the debt position.” Yu Xian, founder of SlowMist, said the user’s hardware wallet itself was secure. But attackers compromised the browser extension linked to it. This gave them borrowing and redemption access to the user’s Venus Protocol holdings without the owner knowing. The case shows that hardware wallets can still be exposed if connected software is vulnerable. Even secure storage can fail against careful social engineering. Analysis shows the attack was planned and well-funded. Gas fees came from Monero (XMR) exchanges and other funds traced back to eXch, a dark web exchange linked to North Korean hackers. Xian said the whale was specifically targeted and it wasn’t a broad attack. The Venus Protocol frontend was likely safe while the event raises concerns about state-backed actors using phishing to go after high-value DeFi users. Venus Protocol paused the platform to protect the remaining assets. The team confirmed direct contact with the affected user, and they said resuming too soon could have put more funds at risk. The protocol focused on user security rather than restarting operations quickly. DISCOVER: 20+ Next Crypto to Explode in 2025 Is XVS Price Recovery Sustainable After Venus Protocol Phishing Attack? VenusPriceMarket CapXVS$100.44M24h7d30d1yAll time According to Coinglass data, the market was mostly bullish between June and before the attack. The positive and steady funding rate indicates that the XVS token is supported by the general trend of the derivatives traders primarily being geared towards making gains. Although periods of bearishness were experienced, especially in mid-June, the general trend is that of a market with a long-term interest in long positions. (Source – XVS Funding Rate, CoinGlass) The XVS/USDT pair saw high volatility over the past 24 hours as XVS fell up to -9% after the attack, then partially recovered. It briefly dropped below the $6.00 level before bouncing back above it. Currently, XVS trades at $6.11, up +0.58% on the 1-hour chart. Buyers tried to recover after a heavy sell-off. (Source – XVS USDT, TradingView) A large red Heikin Ashi candle on high volume shows a possible liquidation or panic selling. Prices briefly fell under $5.60 but bounced quickly. This drop met strong buy-side support, and it could have been a liquidity grab or stop-hunt. Volume hit 3.23K, much higher than the usual hourly turnover. Technically, the 50 EMA (red) and 100 EMA (blue) now act as resistance at $6.20 and $6.26. The price is below both EMAs, suggesting a short-term bearish trend. The 100 EMA slope is flattening, showing that recent bullish momentum is fading. Before the attack, XVS price had been moving sideways to slightly downward since August. It repeatedly failed to break $6.50. The breakdown shows bears have short-term control. Still, the fast swing around $6.00 indicates that buyers are protecting this level. The $6.00-$6.26 range is possibly a decision zone. An upward move above the 100 EMA may lure momentum traders who want $6.40. A decline to below $6.00 may challenge recent lows of about $5.60. (Source – Hacken) This attack shows a common risk in DeFi: phishing scams that trick users into approving tokens. Attackers can drain funds until permissions are revoked. CertiK reports phishing caused $410M in losses across 132 cases in the first half of 2025. Hacken estimates social engineering and phishing cost $600M in the same period. EXPLORE: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Is Binance Safu? North Korea Just Stole $13.5M in XVS Crypto Heist appeared first on 99Bitcoins.