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The crypto market succumbed to a significant amount of bearish pressure starting on Thursday, August 28, with most large-cap assets tumbling to new lows on Friday, August 29. The price of Bitcoin, the world’s largest cryptocurrency by market capitalization, fell to a new low of $107,850 at the start of the weekend. Unsurprisingly, the latest data shows that this latest price decline seen across the digital asset market could have been predicted. This conclusion is based on recent crypto activity on the world’s largest search engine, Google. Is The Crypto Bull Cycle Over? In an August 29 post on social media platform X, Alphractal founder and CEO Joao Wedson revealed that crypto-related searches on Google have surged to new highs in recent days. According to the on-chain data expert, this recent spike in Google searches suggests that Bitcoin and the broader crypto market might have reached a new local top. This revelation is based on the Google Trends chart, which allows investors to assess the social engagement of different crypto-related topics on the search engine. As shown in the chart below, the metric compares various subjects, including cryptocurrency, Bitcoin, altcoins, centralized exchanges, and data aggregation platforms. As observed in the highlighted chart, the Google Trends metric recently witnessed a significant surge, suggesting increased public attention across multiple crypto topics. According to Wedson, spikes of this kind have historically coincided with whales entering the market to sell while “everyone is obsessed.” Moreover, the cryptocurrency market has often shown in the past its tendency to move in the crowd’s opposite direction. These trends explain the price decline witnessed by most digital assets in the past few days, as the market has seemingly reached a new local top. Wedson, however, noted that other on-chain signals say that the latest euphoria-driven market downturn doesn’t necessarily spell the end of the current bull cycle. “Think back to BTC hitting $124K—euphoria peaked online, whales sold aggressively, and we went short,” the Alphractal founder added. Wedson then advised investors to exercise caution when euphoria hits the crypto market, as it could hint at the imminence of a local top. The crypto analyst said that a better strategy would be to smartly exit the market at a high price and reenter at a cheaper rate later. Total Crypto Market Cap At $3.7 Trillion As of this writing, the total crypto market capitalization sits just above $3.7 trillion, reflecting an almost 4% decline in the past day. According to data from TradingView, more than $142 billion has been drained out of the crypto market in the last 24 hours.

XRP has been facing a stretch of weakness in recent days, struggling to hold above the $3.00 mark and instead pushing downwards below it. Price action on the 4-hour chart shows the token moving within a downward structure, and it broke below $2.9 in the past 24 hours. It is within this context that crypto analyst DustyBC Crypto shared a bearish outlook, pointing out that XRP has not yet reached its first downside target and warning that more decline could still unfold before it enters any new uptrend. XRP Wave 4 Correction In Progress According to crypto analyst DustyBC Crypto, XRP’s recent moves are part of a broader corrective structure. In his latest update shared on the social media platform X, he explained that the XRP/USD pair has yet to reach its first bearish target, which he identifies as part of a larger wave 4 correction. The analysis is based on the Elliott Wave structure, which is characterized by three bullish and two corrective impulse waves. Notably, the analyst’s Elliott Wave count shows that XRP has been playing out a corrective Wave 4 move since it peaked at a new all-time high price of $3.65 on July 18, a move that ended the Wave 3 impulse. Based on the Elliott Wave theory, Wave 4 is a brief correction move after Wave 3 just before another bullish Wave 5. Interestingly, the XRP price has declined by about 22.5% since it reached this all-time high. DustyBC’s analysis has been following this downtrend move in a series of technical analyses that goes as far back as mid-August. According to DustyBC, XRP’s price is expected to continue dropping before eventually setting up for a bullish wave 5 recovery. The chart shared by the analyst indicates that XRP could continue to decline until it reaches the $2.65 to $2.60 price range before Wave 4 eventually bottoms out. Long-Term Perspective Is Positive Despite the bearish short-term forecast, DustyBC noted that the overall outlook for XRP is bullish. He admonished traders not to rush into positions if they are not comfortable with short trades, and long-term holders should instead view the current weakness as discount territory to accumulate more XRP. XRP has struggled to maintain upward momentum in the past few days, and this lends voice to the notion of a corrective Wave 4 movement. As shown in the 4-hour chart above, XRP was rejected at the $3 price level some days ago, and this has led to a further decline in the past 48 hours. Nonetheless, the long-term outlook is bullish, and a Wave 5 bounce could lead to a push to new all-time highs above $3.65. The decisive test now lies in whether XRP can hold support around $2.6 if it reaches there before positioning itself for the next wave higher. At the time of writing, XRP is trading at $2.80, down by 1.4% in the past 24 hours. Featured image from Unsplash, chart from TradingView

The Bitcoin price never really caught a break over the past week, falling below the $110,000 mark by Tuesday, August 26. While it looked set to make a strong comeback, jumping back above $113,000 on Thursday, the flagship cryptocurrency is now struggling around a new multi-week low of around $107,500. This recent price decline has sparked conversations around the BTC bull cycle potentially reaching its peak, especially considering the market is currently dominated by euphoria. However, a crypto analyst on social media platform X has come forward with an audacious prediction for the Bitcoin price over the next few months. BTC To Reach Cycle Top In December 2025: Analyst Crypto analyst Frank Fetter—after a renowned American economist—took to the X platform to submit an exciting and bold prediction for the price of Bitcoin in the remaining months of 2025. According to the online pundit, the Bitcoin price could reach as high as $256,000 in this cycle. This positive projection is based on the Bitcoin Index Performance Since Cycle Low, which assesses the performance of the BTC price in various 4-year cycle periods. This metric reflects the cyclical nature of the largest cryptocurrency market. While many reports are predicting the cycle theory to be dead, this particular chart shows that Bitcoin has yet to even complete the current bull cycle in the first place. As observed in the highlighted chart, the Bitcoin Index Performance data suggests that the Bitcoin price, in the past two cycles (2015 – 2018 and 2018 – 2022), reached its peak around 1,100 days after hitting its cycle low. The premier cryptocurrency grew by 110x and 21x in these 2015 – 2018 and 2018 – 2022 cycles, respectively. With the market leader currently up by over 7x from its last cycle low and around 100 days away from the historical top, Fetter projects the price of BTC to reach as high as $256,000 based on the 2018 – 2022 fractal. If this history does repeat itself, it means the flagship cryptocurrency would have grown 16x by the end of this cycle. According to the analyst, the Bitcoin price could reach this target as early as December 3, 2025. This potential leg up would represent an almost 140% move from the current price point for BTC. Bitcoin Price At A Glance As of this writing, the price of BTC stands around $108,301, reflecting a nearly 4% decline in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is down by more than 7% is the last seven days.

Are Inherited Gold Coins Taxable? A Clear 2025 Guide for Heirs You open a drawer and there they are, the family gold coins, quiet proof that someone who loved you planned ahead. Nice gift, but now the questions start. Are inherited gold coins taxable, and if so, when and how much? This guide gives you straight talk with plain examples. You will learn what is taxed, what is not, and how to keep calm while you do right by the law and your family. Are Inherited Gold Coins Taxable? The Short Answer Receiving gold coins from a parent or grandparent is not taxable income under federal law. You do not file or pay income tax merely because the coins passed to you. The tax conversation usually starts later, when you decide to sell. That is when capital gains rules apply, and only the profit above your basis is in play. What about estate tax? For most families there is no federal estate tax bill because the exclusion amount is high. Some states impose their own estate or inheritance taxes with lower thresholds, so location can matter, but it is not common. The big issue for many heirs is not an estate tax at the door, it is capital gains later if you sell for more than the new basis. Quick story. A reader in Arizona inherited a cigar box of Krugerrands. No tax on the day he inherited. He sold a couple months later after prices ticked up, and he paid tax only on the small difference between the sale price and his new basis. That is how the rules are designed to work. Step-Up in Basis: The Rule That Protects Heirs The backbone of the entire topic is the step-up in basis. When you inherit assets like gold coins, your tax basis resets to the fair market value on the date of death. You are not stuck with what your parent paid back in the 1980s. You start fresh, at the coins’ value on that date. If you later sell above that number, you owe tax on the increase. If you sell below it, you may have a capital loss. Example. Suppose the estate inventory shows the coins were worth 50,000 dollars on the date of death. If you sell the lot for 60,000, your taxable gain is 10,000. If you sell for 48,000, you may have a 2,000 capital loss, subject to the normal capital loss rules. Executors often document values with an appraisal or reliable pricing sheets tied to coin type, purity, and ounces. If your family used a professional appraiser, keep that report. If they used a dealer statement, keep that too. Sometimes an estate elects an alternate valuation date for the entire estate. If you hear that phrase from an executor, ask for the paperwork that lists the value used for your coins. Your job is simple. Save the proof of value at inheritance, then compare it to the final sale price when you sell. The math flows from there. How to Document the Step-Up Properly Ask the executor for the page showing your coins’ date-of-death value. Save the appraisal, dealer statement, or inventory sheet in one place. Label any storage container or sleeve with the valuation date and basis per coin or per ounce. Keep digital copies of all documents as a backup. Selling Inherited Gold Coins: What the IRS Cares About Gold coins are classified as collectibles for federal tax purposes. That label sets the rate rules. If you hold the inherited coins for more than one year before selling, long term capital gains can be taxed at a rate up to 28 percent. If you sell within a year, short term gains are taxed at your ordinary income rate. It is one or the other, based on your holding period. Your holding period as an heir starts the day after the decedent’s death. When you sell, you report the sale, calculate the gain as sale price minus your stepped-up basis, and retain the paperwork. Keep the settlement statement or dealer receipt that shows quantity, type, and price per coin or per ounce. If you sell at a loss and you held the coins for investment, not personal use, that capital loss can potentially offset other capital gains. Practical Reporting Steps Track the sale details, date, number of coins, and total proceeds. Match each sale to the correct stepped-up basis paperwork. Note your holding period start date, typically the day after death. Speak with a tax professional about where to report gains and losses on your return. Estate Tax vs. State Inheritance Tax: What Usually Matters At the federal level, few estates pay estate tax because the exclusion is high in 2025. If your loved one’s total estate, including the coins, is below the exclusion, there is no federal estate tax to you or the estate. States are different. A small number impose either an estate tax on the total estate or an inheritance tax on what a beneficiary receives. Thresholds and exemptions vary, and some states exempt transfers to spouses or lineal heirs. Do not guess. Ask the executor or the estate attorney which state rules apply, and get that answer in writing. Another quick story. A neighbor panicked when a local dealer insisted state taxes would take a chunk if he did not sell immediately. He slowed down, spoke with the executor, and learned the estate was under the state threshold. No state tax. He kept the coins, and calm returned. That is your playbook. Verify, then act. Gifted Coins vs. Inherited Coins: Do Not Mix Them Up Gifts and inheritances are cousins, not twins. If someone gives you gold coins while they are alive, your tax basis usually carries over from the giver. There is no fresh step-up. If your aunt paid 400 dollars for an American Gold Eagle and later gifts it to you when it is worth 2,400, your basis for gain is 400, adjusted for any documented costs. If you sell for 2,500, your gain is about 2,100. By contrast, with an inheritance, the basis generally equals fair market value at death. That is a large difference and a key reason to keep paperwork. Keep Batches Separate Label gifted coins separately from inherited coins. Keep the giver’s purchase records if available, the cost basis carries over. For inherited coins, store the appraisal or inventory page showing date-of-death values. When you sell, match each sale to the correct basis set to avoid mixing the math. Special Situations: IRAs, Trusts, Foreign Storage, and Appraisals Coins inside retirement accounts follow retirement account rules. If you inherit a traditional IRA that holds precious metals, distributions are taxable as income when you take them. The step-up in basis you hear about for regular inheritances does not apply the same way inside tax deferred accounts, and inherited IRAs have their own clocks and payout rules. Ask the custodian for beneficiary options and the timeline so you avoid penalties. What if the coins are held overseas or stored in a foreign vault? U.S. taxpayers have reporting rules for certain foreign financial assets. Thresholds and forms depend on the amounts and the type of account. If your inheritance involves offshore storage, ask the executor and the attorney whether any reporting applies. The fines for missing required reporting can be serious, so it is worth a quick check. Trusts add another layer. A trust might receive the coins and distribute them to you later. The step-up in basis usually occurs at the owner’s death, and the trust records carry that value forward. When the trustee hands you the coins, ask for the page that shows the basis and the valuation date. If the coins were community property and a spouse passed, some states step up the full value, others only the decedent’s half. These details change the math, so get the paperwork. How to Value Inherited Coins: Melt, Bullion, and Numismatic Premiums Not all gold coins are valued the same way. Some track the melt value of their gold content, while others command numismatic premiums for rarity, condition, and demand. Before you sell or insure, know what you own. Three Common Value Drivers Melt value: Gold content times spot price. Common for bullion pieces like Krugerrands, Eagles, and Maple Leafs. Bullion premium: Market demand adds a premium above melt for popular modern coins and bars. Numismatic premium: Rarity, grade, and collector demand can dwarf melt value for certain older or special-issue coins. Use a reputable dealer or professional appraiser if you suspect numismatic value. Treating a rare coin like scrap metal leaves money on the table. Dealer Reporting, Records, and Peace of Mind Some transactions trigger information reporting by dealers, depending on coin type, quantity, and how you pay. That reporting obligation is on the dealer. Your job is to report your gain or loss accurately on your return and keep clean records. One simple folder labeled “Inherited Coins” with the date-of-death valuation, appraisal, and sale receipts will save time and stress. Charitable Donations and Gifting Strategies If you are charitably inclined, you have options. Donating appreciated coins to a qualified charity can eliminate capital gains on those pieces while supporting a cause you care about. The rules depend on whether the coins are considered capital gain property and whether you donate to a public charity or a private foundation. If you plan family gifts during life, remember that a gift transfers your basis to the recipient. An inheritance, by contrast, resets basis. Those differences affect future tax outcomes, so decide with intent and documentation. FAQ: Fast Answers to Common Heir Questions Do I pay income tax just for inheriting gold coins? No. Inheriting the coins is not taxable income to you. When do taxes usually show up? When you sell. You may owe capital gains tax on the difference between the sale price and your stepped-up basis. How long do I have to hold to get long term rates? More than one year, measured from the day after the original owner’s death. What if I sell for less than the stepped-up basis? You may have a capital loss that can offset other capital gains, subject to normal rules. Should I get an appraisal? If the coins might carry numismatic value, yes. For common bullion, reliable pricing sheets tied to type and ounces can suffice. A Simple Checklist for Calm, Not Chaos Get the date-of-death value in writing and keep it with your records. Label batches clearly if some coins were gifted and others inherited. Decide your plan, keep, donate, or sell, and document your steps. Use a reputable appraiser or dealer, and get two offers before selling. Store safely, a bolted home safe or a bank box, plus a contents list for insurance. Consult a qualified tax professional for trusts, IRAs, or foreign storage. Putting It All Together: What You Owe and When Let us tie up the loose ends. You do not pay federal income tax just for inheriting gold coins. You might see estate or inheritance taxes only if the estate is large or your state has its own rules, typically handled by the estate. The main tax most heirs encounter is capital gains when they sell. Thanks to the step-up in basis, that gain is the difference between the sale price and the value on the date of death. Hold for more than a year and you are in the long term category, which for collectibles can be taxed up to 28 percent. Sell sooner and it is short term at ordinary rates. Your job is to keep clear records and make deliberate decisions. If you want to keep the coins, keep them. If you want to sell, sell smart. Price the coins, compare offers, and understand whether they are bullion pieces tied to spot price or numismatic coins where rarity drives value. If you are charitably inclined, ask a tax professional about donating appreciated coins to a qualified charity. No gimmicks, just legal options the code allows. Conclusion: Are Inherited Gold Coins Taxable? You wanted a straight answer. Here it is. Inheriting gold coins is not a taxable event by itself. The step-up in basis gives you a fair starting line. Taxes show up if you sell for more than that number, and even then you pay on the gain, not on the entire value. Verify any estate or state issues with the executor, keep your paperwork in one place, and take your time. Handle the basics with care, and you will honor the person who left you the coins while protecting your own future at the same time. This article is general information, not personal tax advice. For specifics, consult a qualified tax professional or review IRS guidance on basis and sales of capital assets. The post Are Inherited Gold Coins Taxable? first appeared on American Bullion.

Japan’s Gumi Inc., known in the gaming sector, is moving deeper into crypto by planning a major purchase of XRP. The company said it will acquire 2.5 billion yen, or close to $17 million, worth of the token as part of its blockchain push. Accumulation Over Several Months According to a press release, the acquisition will not be a single purchase. Instead, Gumi will buy XRP gradually from September 2025 through February 2026. By spreading out its spending, the company appears to be aiming at lowering risk from sudden price changes in the market. XRP Price Could See Boost Analysts say Gumi’s steady, large-scale commitment could act as a price catalyst. With 2.5 billion yen entering the market over several months, consistent buying pressure might create upward momentum — especially if other institutions keep adding XRP to their treasuries. The move also sends a signal: a gaming organization tied to SBI Holdings is backing XRP’s role in cross-border payments and liquidity solutions. That confidence could draw extra investor attention to the token’s long-term utility. The company explained the move as part of its effort to get involved with XRP’s ecosystem. It highlighted XRP’s role in global remittances and its expanding use in financial services. Ripple’s close ties with SBI Holdings, Gumi’s major shareholder, were also pointed out as an important factor in the decision. Bitcoin Already In Play Before this XRP announcement, Gumi had already added Bitcoin to its balance sheet. Earlier this year, the company spent 1 billion yen, around $6.7 million, to acquire BTC. That investment didn’t just sit idle. The Bitcoin was staked on Babylon, a protocol that allows holders to earn rewards while waiting for possible price gains. With that strategy already in motion, the company is now set to run a two-pronged approach: Bitcoin will be used to generate steady income through staking, while XRP will be held as a long-term asset tied to its growing utility in payments and liquidity management. Rising Institutional Interest In XRP The Japanese gaming giant’s latest move comes at a time when a growing number of institutions are welcoming XRP into their balance sheets. Over recent months, several entities have disclosed their treasury game plans that include the top altcoin. Their aim, similar to Gumi’s, is to position ahead of potential gains if adoption pushes the price higher. For Gumi, this is more than a financial experiment. Executives believe Bitcoin and XRP together can provide a base for its blockchain-related business. They say the two assets will support growth in revenue while helping the company build lasting value. Featured image from Unsplash, chart from TradingView

The Bitcoin price is once again under heavy pressure in the market. An analyst has warned that the coin shows strong bearish signs after being rejected at a resistance level. The price has now fallen to a critical support area, where buyers are trying to hold the line. According to the analyst, if the level fails, the price could drop even lower, raising doubts about whether the key levels will remain safe. Analyst Says Bitcoin Price Turned Bearish After $121,000 Rejection The analyst explained that the bearish trend began when Bitcoin strongly rejected the $121,000 resistance level. According to the analyst, that rejection forced the coin to break down from its earlier upward channel, which had guided the price during its last rally. Once this breakdown happened, the mood in the market shifted, and a new bearish phase took hold. The analyst added that Bitcoin first moved within a downward channel, but even that structure could not hold. As selling pressure increased, the coin also broke below the support level of this channel. The downward move marked a shift in sentiment, as buyers could not keep the price stable. According to the analyst, Bitcoin’s fall may now follow a steep local trend line, which could cause the coin to decline faster. This kind of move shows that sellers are firmly in control for now. The analyst’s view is that the rejection at $121,000 was a turning point, and the coin has been unable to regain strength since then. For many traders, this level has become a clear resistance that won’t break again without strong demand. $109,700 Support Under Pressure, Analyst Targets $104,000 Next The analyst also pointed out that Bitcoin is now directly testing the key buyer zone at $109,700. The level acts as a horizontal support, and the analyst says that if it fails, the bearish case could only grow stronger. While there may be a short period of sideways movement or a minor retest of the nearby trend line, the analyst believes the dominant force in the market remains downward pressure. In simple terms, the analyst expects the weight of selling to break the $109,700 level. If that happens, the path to $104,000 becomes the next logical target. The analyst explained that this lower zone could be the next support area where buyers might try to fight back. However, if $109,700 does not hold, the move to $104,000 could come quickly. Beyond that, the market will begin to ask a bigger question — can Bitcoin hold the critical $100,000 level? Traders are watching closely, because a break below that level would mark a significant shift in the broader trend.

Crypto analyst Unichartz has highlighted a Dogecoin squeeze that could spark the next massive move to the upside for the meme coin. This comes amid a broader crypto market crash, which has also led to a decline for the foremost meme coin. Dogecoin Showing A Promising Structure In a TradingView post, Unichartz declared that a Dogecoin squeeze is incoming. He noted that the meme coin is currently showing a promising structure as it trades within a rising wedge formation. The analyst added that the DOGE price is holding above a rising support line, which it has respected multiple times, indicating a sign of bullish intent from buyers. His accompanying chart showed that this Dogecoin squeeze could lead to a rally to the psychological $0.3 level. If that happens, it will mark the first time DOGE reaches this level since a multi-year high of around $0.48 in 2024. It will also mark a 2025 high for the meme coin, with its current high at around $0.28. Unichartz revealed that a descending resistance line and a key horizontal supply zone at around $0.28 are acting as a strong barrier for the meme coin. He remarked that DOGE will need to flip this confluence zone cleanly for it to see a breakout and push higher. In the meantime, the meme coin continues to decline alongside the broader crypto market. Dogecoin has dropped from a recent high of around $0.24 and is down over 8% in the last seven days. This has occurred thanks to the massive drop in the Bitcoin price, with the flagship crypto on a downtrend since it reached a new all-time high (ATH) of $124,000 two weeks ago. The Goal Is For DOGE’s Stoch RSI To Cross The 20 Level In an X post, crypto analyst Kevin Capital said that the goal is for Dogecoin’s Stochastic Relative Strength Index (Stoch RSI) to cross the 20 level and show a follow-through. He explained that anything below that level is a sign of weak momentum. This technical indicator is currently crossing to the upside and is at the 13 level. This is significant, as Kevin noted that monthly Stoch RSI crosses on Dogecoin, outside of the bear market, and, along with an uptrending monthly RSI, ultimately lead to massive rallies. He further remarked that DOGE’s biggest move of the cycle is likely if Bitcoin can move higher and Ethereum ultimately enters into price discovery with a dropping BTC dominance. The analyst added that DOGE just needs a little more time for BTC and the macro to support this move. At the time of writing, the Dogecoin price is trading at around $0.21, down almost 2% in the last 24 hours, according to data from CoinMarketCap.

The Federal Reserve is poised to resume its rate cutting cycle in September. Markets briefly flirted with the idea of a 50-basis point move, but sticky core inflation, a larger-than-expected jump in producer prices, and firm retail sales have settled expectations at a quarter-point cut. The Fed continues to describe policy as restrictive, so this move will not be framed as easing but as removing a touch of that restrictiveness. Most G10 central banks and many emerging-market peers have already cut rates this year while the Fed has held back. Now, the coming rate cuts will likely narrow interest rate differentials and weigh on the dollar. Still, this is not the start of a weak-dollar story. The greenback is rich on most metrics, but what lies ahead is a dollar that is less expensive, not cheap. The Dollar Index itself peaked three years ago, in September 2022. The nomination of Stephen Miran to complete Adrian Kugler’s term adds a dovish voice to the Board, though even before his confirmation, the futures market is discounting more than an 80% chance of a cut in September and another cut is fully discounted for this year, in line the median "dot" in the Summary of Economic Projections has long signaled. Miran has also floated a Plaza Accord–style intervention to weaken the dollar, a provocative idea in the current environment. But with the dollar trending lower and Washington’s relations strained with other high-income partners, a “Mar-a-Lago Accord” seems neither necessary nor likely. The Legal Front: IEEPA at Risk? Fed's Independence? A federal appeals court concurred with finding of the Courts of International Trade ruling on August 29 that President Trump overstepped his authority under the International Emergency Economic Powers Act (IEEPA). The panel of judges opted to send the case back to the lower court to decide whether it applied to everyone impacted or just the parties in this particular case. In the meantime, the levies continue to be collected. It still seems that the case will ultimately will have to be adjudicated by the Supreme Court. Even as the legal fight unfolds, the administration is preparing new tariffs under different legal authority. This time the focus is not on blanket measures but on critical sectors: semiconductors, pharmaceuticals, and possibly furniture and rare earths. The message is clear—economic security is national security. Regardless of the outcome, the case will be appealed. Similarly, Federal Reserve Governor Cook's lawsuit seeking to prevent President Trump from firing her has also begun to play out in the judiciary. The case was heard at the end of August by a US District Judge in Washington, who was nominated by former President Biden. Here, too, there is so much at stake that an appeal seems inevitable. The issue is whether they can be expedited to the Supreme Court or will the process drag out. China’s Involution Rare earths remain a particular vulnerability. China has long held leverage over global supply and has demonstrated its willingness to use it. The minerals and the magnets they produce are essential in civilian and military technologies alike. The U.S., meanwhile, holds its own choke points in advanced semiconductor intellectual property, a position it has weaponized for years. Such measures may not show up immediately in the CPI, but they reinforce the trend toward politically curated supply chains. China’s economy continues to stumble. Property woes linger despite repeated state efforts to stabilize the sector. Reports suggest Beijing is considering pressuring state-owned firms and local governments to purchase unsold homes. Still, the swaps market shows little expectation that the People’s Bank of China will ease further in the near term, whether through rate cuts or reduced reserve requirements. The old consensus—that China suffers primarily from under-consumption—has fractured. Some analysts continue to stress consumption as a share of GDP. But China’s consumption has risen faster than in most other large economies. Instead, the argument that China suffers from over-investment has gained traction. That case is strong. Local governments competing with each other tend to overbuild in the same sectors—steel, cement, housing, solar panels, electric vehicles, AI. Meanwhile, state-owned banks provide patient capital that rewards market share over profitability. The central government has launched a campaign against these forces, describing the excess as “involution”. If Beijing can restrain investment, consumption’s share of GDP will naturally rise. The Yuan Question Most economists accept that the yuan is undervalued by 10–20%. But contrary to some claims, China is not export dependent in the classic sense. Exports are large in dollar terms because China’s economy is nearly as large as America’s, but as a share of GDP, exports account for roughly 20%—lower than Germany, France, the UK, or Canada, for example. Calls for a sharp appreciation, citing undervaluation, are countered by OECD models that suggest the euro and yen are even more undervalued relative to fair value. It is really more generalized problem of a strong dollar. When the dollar rallied in July, the yuan performed best in the world. Chinese officials consistently reject U.S. efforts to fold the yuan into Washington’s currency playbook. Americans like to recall the Plaza Agreement of 1985 as a success, but many capitals—Tokyo and Beijing included—view it quite differently. Beijing’s preference to shadow the dollar can be read as a strategy to deny Washington competitiveness through devaluation. Still, the PBOC has introduced more flexibility in the yuan’s daily reference rate. The average daily move remains small but is now a multiple of the 0.1% shifts that prevailed earlier this year. Since May, the central bank has been steadily lowering the dollar’s fix, bringing it to its weakest since last November. Yet volatility tells a different story: the three-month implied vol has slipped to around 3.7%, a little less than half its level in seen in April. As the quarter winds down, the main themes are the trajectory of Fed policy, Washington testing the limits of executive authority, Beijing wrestling with structural excess, and the dollar slowly bleeding some of its strength. None of these stories are new, but their convergence adds to the sense of flux. Monetary policy, trade law, industrial strategy, and currency management—once treated as separate policy domains—are increasingly fused. Markets may prefer clarity, but what they are getting instead is the overlapping messiness of politics, economics, and law. Bannockburn World Currency Index Bannockburn's World Currency Index, a GDP-weighted basket of the currencies representing the 12 largest economies, rose by almost 0.70% in August. It recouped about half of what is lost in July, the first declining month of the year. Yet rather than trend in August, the BWCI moved broadly sideways after advancing in the first part of the month. We suspect the consolidation is favorable for the index and anticipate it to extend its recovery in the coming weeks. The six currencies among the high-income members all appreciated in August. The euro was the strongest, rising 1.2% against the dollar. The Japanese yen rose almost 1%, helped, we think, by the decline in US rates. Sterling, though rose a little more than 1%. The Canadian dollar, which as is often the case, did relatively better in July's firmer US dollar environment, losing the least (1.8%) against the greenback among the G10 currencies. In August, its 0.6% gain put it at the bottom of the high-income component currencies. Among the emerging market currencies, two of six currencies weakened against the dollar, the Indian rupee (-0.70%) and the Russian ruble (-0.1%). The Brazilian real was the strongest overall with a nearly 2.7% gain. The Chinese yuan edged out the Mexican peso for second place among the emerging market components, with almost a 0.70% (vs. 0.5%). These three currencies recorded new highs for the year in August. U.S. Dollar: The Federal Reserve will likely do three things at this month's meeting. It will cut rates for the first time this year as the risk assessment was changed by the deterioration of the labor market. The FOMC will update the Summary of Economic Projections. In June's iteration, the median forecast was that three cuts in 2026 would be appropriate. We suspect it may be adjusted to four cuts. Lastly, with the use of the reverse repo facility falling, reserves are approaching a level that will likely prompt the Fed to slow the unwinding of its balance sheet (QT) or announce plans to end it. The Fed's balance sheet has been reduced by more than a quarter since the April 2022 peak. We expect another soft employment report on September 5, and it will be followed on September 9 by what is expected to be a sharp downward adjustment in the annual benchmark revisions to the nonfarm payroll series. We also expect higher inflation readings in the coming months as more of the tariff increases are passed on to the American consumer. Businesses and consumers should be prepared for sectoral tariffs on pharma and semi-conductor chips, even if the precise timing is not clear. The Trump administration launched an investigation into furniture trade and, and a decision seems likely before the end of the year. A new front in the White House attempt to drive monetary policy opened with claims against Federal Reserve Governor Cook. Many market participants see an attempt to encroach the central bank's independence. Still, the market has exaggerated the divestment from the United States. The Treasury's International Capital report shows foreign investors purchased a net of almost $768 bln of US financial assets in H1 25, which is more than in the first half of the last two years put together. Legal challenges to the Trump's use of emergency powers to levy tariffs will likely persist and the appellate process by eventually reach the Supreme Court. Euro: The euro recovered from a slight dip below $1.16 on August 1 to rise almost $1.1715 before consolidating in the last week of the month. The driver was the pullback in the dollar more broadly and the decline in US rates. The US two-year premium over Germany narrowed from 200 bp to a little below 170 bp, the least since March. With the European Central Bank's deposit rate at 2.0%, the swaps market is no longer confident of another rate cut this year (slightly more than 35% chance is discounted), though is still pricing a strong probability one more rate cut next year (about 75% chance). Despite the infrastructure and defense initiatives, eurozone growth is stuck in a low gear (0.1% in Q2 and projections are for the same this quarter). Headline inflation is likely to hover near but mostly below the 2% target in the coming months. Tensions within the eurozone are subdued. Germany's 10-year premium over Italy, Spain, and Portugal are around the narrowest since 2010. Greece's 10-year yield is trading below the comparable French yield. France has emerged as a weak link and the current government may lose a confidence vote on the same fiscal issues that toppled the previous government. It is slated for September 8. President Macron may appoint a new prime minister rather than call snap parliamentary elections. Up against term limits, a call for a general election, would be tantamount to Macron's resignation. The EU has opted for a low-key approach to US tariffs and appears to have chosen to bide its time and secure stability rather than antagonize Washington. (As of August 29, indicative closing prices, previous in parentheses) Spot: $1.1686 ($1.1587) Median Bloomberg One-month forecast: $1.1700 ($1.1648) One-month forward: $1.1708 ($1.1611) One-month implied vol: 7.3% (7.7%) Japanese Yen: The exchange rate continues to be sensitive to changes in US rates. The rolling 30-day correlation of changes in the US two-year yield and the dollar-yen rate is around 0.80, near the highest since mid-2023. The correlation with the changes in the 10-year US yield is a little below 0.80, which it has not been above since late 2021. Growth in H1 25 surprised on the upside, with Q1's annualized contraction of 0.2% revised to 0.6% growth, and Q2 GDP grew by 1%, more than twice what the median economic forecast in Bloomberg's survey projected. Japan's CPI peaked this year peaked at 4% in January and stands at 3.1%. The core rate recorded the year's high in May (3.7%) and was at 3.1% in July. Both the headline and core rates are expected to have eased further in August. The swaps market has less than a 10% chance of a rate hike in September and slightly more than 50% of a hike in October. The market is pricing a terminal rate of 1% from the current policy rate of 0.50%. We expect the dollar to trend lower in the coming weeks and target the JPY145.00-40 area. Spot: JPY147.05 (JPY147.40) Median Bloomberg One-month forecast: JPY145.00 (JPY143.65) One-month forward: JPY146.60 (JPY146.90). One-month implied vol: 9.4% (9.4%) British Pound: After falling in July (3.8%), the first monthly decline since January, sterling rebounded by about 2.0% in August. It recovered from nearly a four-month low, near $1.3140 on August 1 to finish the month a little below $1.3500. In addition to the broadly heavier dollar, sterling was aided by a reassessment of the trajectory of Bank of England policy. The implied year-end rate rose from about 3.65% in early August to almost 3.90% late-month dealings. Headline CPI reached 3.8% in July, the highest since January 2024, and Q2 growth surprised on the upside, with a 0.3% quarter-over-quarter expansion, flattered by stronger government consumption and investment. The Bank of England and private sector economists anticipated 0.1% growth. The UK two-year premium over the US widened to near 35 bp in late August, the most since last November. The UK offered a 10 bp discount in late July. The UK's 10-year premium more than doubled in August to around 50 bp, the most since April. The fiscal clouds loom on the horizon, and the key event is the Autumn budget statement, expected in early Q4. We expect sterling to challenge the multi-year high recorded on July 1 near $1.3800. Above there, potential may extend toward $1.40 before the end of the year. Spot: $1.3504 ($1.3279) Median Bloomberg One-month forecast: $1.3600 ($1.3454) One-month forward: $1.3510 ($1.3285) One-month implied vol: 6.9% (7.3%) Canadian Dollar: The broad pattern holds. When the US dollar is bid, as it was in July, the Canadian dollar does well against most of the other G10 currencies. In fact, in July, its 1.8% loss was the smallest decline posted by the G10 currencies. When the greenback trends lower, as it did in H1 25, the Canadian dollar does poorly. In the first six months of the year, the Canadian dollar rose 5.7% against the US dollar, the least among the major currencies. In August, the greenback fell and only the New Zealand dollar, following the central bank's dovish cut, underperformed the Canadian dollar. The Bank of Canada meets on September 17, and a rate cut did not seem particularly likely until the poor Q2 GDP report. The economy contracted by 1.6% in Q2 at an annualized rate, slightly more than twice what economists expected. And Q1 growth was shaved to 2.0% from 2.2%. The swaps market has a little more than a 55% chance discounted up from about a 1-in-4 chance at the start of August. The swaps market has about a 40% chance of a last cut in the cycle discounted, though we suspect that the weakening of the US economy, which will prompt more aggressive easing by the Federal Reserve may give the Bank of Canada more scope to ease. The US dollar was turned back from a three-month high (near CAD1.3925 on August 22) and there may be scope toward CAD1.3640-CAD1.3700 in the coming weeks. Spot: CAD1.3741 (CAD 1.3786) Median Bloomberg One-month forecast: CAD1.3700 (CAD1.3739) One-month forward: CAD1.3725 (CAD1.3765) One-month implied vol: 4.7% (5.0%) Australian Dollar: The Reserve Bank of Australia cut its target rate for the third time this year in August, and it now stands at 3.60%. The central bank signaled scope for continued gradual easing of monetary policy, and the market suspects that "gradual" does not mean back-to-back meetings. Still, with three meetings left in the year, the futures market has about 30-35 bp of cuts discounted. The terminal rate is seen near 3% next year. Since January 2005, the US and Australia have had a free-trade agreement that covered non-agricultural goods but excluded textiles and clothing. Although the agreement did not prevent the US from levying 10% on all Australian exports to the US (and exposure to sectoral tariffs), it did deter new "reciprocal tariffs." We continue to be skeptical that the Trump administration will support the AUKUS nuclear submarine agreement. Economic nationalism in Washington and reports of capacity constraints in the US (and UK) warn of the risk of delays or outright backtracking. The Pentagon's review is being led by Under Secretary of Defense for Policy Elbridge Colby, who has stated in the past that submarines are scarce, and that the U.S. is not able to produce enough to meet its own demand. The Australian dollar set the high for the year in late July near $0.6625. We expect that to be challenged in the coming weeks and see potential toward $0.6700 by the end of the quarter. Spot: $0.6540 ($0.6474) Median Bloomberg One-month forecast: $0.6500 ($0.6488) One-month forward: $0.6545 ($0.6490) One-month implied vol: 8.1% (9.0%) Mexican Peso: For the past two months, the dollar has chopped between roughly MXN18.50 and MXN19.00. The broad consolidation follows a drop of more than 12% since the early April high. Given the scope for US rate cuts and the attractive carry Mexico offers, with relatively modest volatility, favors an eventual downside break. The MXN18.35-MXN18.40 area looks reasonable. The central bank will likely continue to ease monetary policy in quarter-point steps, and its next meeting is September 25. When it meets it will have August CPI in hand, and the inflation reading for the first half of September. Banxico estimates that the neutral real rate is between 1.8% and 3.6%. Adjusting the 7.75% overnight target rate by the 3.5% July headline inflation implies a real rate of 4.25%. The resumption of the Fed's easing cycle will also give Banxico more room to maneuver. News that Moody's has put Pemex on review for a possible upgrade following greater government support, has supported the credit. At the end of July, the US granted Mexico a 90-day tariff-extension after imposing a 17% anti-dumping tariff on tomatoes. The US immigration policy and environment are weighing on worker remittances that are worth nearly $65 bln in 2024 (compared with a $18.5 bln trade deficit). In Q2 25, worker remittances were about 12% lower than Q2 24. Spot: MXN18.8500 (MXN18.8595) Median Bloomberg One-month forecast: MXN18.8500 (MXN18.9359) One-month forward: MXN18.7230 (MXN18.9227) One-month implied vol: 8.8% (8.5%) Chinese Yuan: The Chinese yuan rose by about 1% against the dollar in August to bring the year-to-date gain to almost 2.4%. It fell by 2.75% in 2024. The PBOC guides the market and manages the exchange rate primarily through setting the dollar's reference rate. It has been setting the dollar's reference rate lower on a trend basis. It has been set at its lowest level since last November. The PBOC has also introduced greater flexibility into setting the reference rate. The average daily fix changed in the last several months is a multiple of what it had been in the first part of the year. Yet, the implied (in option prices) and the historical (actual) volatility have fallen. The three-month historic volatility is below 1.8%, the lowest in a year, while the three-month implied volatility is slightly less than twice as much but is also near the lowest since July 2024. In a weak US dollar environment, the yuan is likely to be a laggard, but as was the case in July, a stronger dollar could see the yuan outperform. New policy announcements are unlikely now, ahead of the 4th Plenum, which traditionally focuses on ideological issues and state governance. Efforts to secure help from state-owned businesses to support the beleaguered property market and to extend the "anti-involution" (over-investment) campaign may be forthcoming. Spot: CNY7.1307 (CNY7.1933) Median Bloomberg One-month forecast: CNY7.1650 (CNY7.1861) One-month forward: CNY7.0865 (CNY7.1450) One-month implied vol: 4.9% (5.1%) Disclaimer

The Bitcoin market is presently consolidating around $108,000 following a rather turbulent trading weekend, which pushes the leading cryptocurrency about 14% away from its present all-time high of around $124,457. Notably, investors’ sentiments appear mainly neutral amidst this extensive correction as many await any bullish signal for a potential recovery. Meanwhile, popular crypto analyst with X username KillaXBT is confident of an immediate short-term price relief, citing the presence of a CME gap. Bitcoin’s 98% CME Gap Fill Rate Sets Up $116K Recovery Potential In an X post on Friday, KillaXBT tips Bitcoin to make a significant price bounce following the steep correction patterns seen in the last two weeks. The analyst explains that this bullish stance is driven by an existing CME gap from last weekend. For context, the Chicago Mercantile Exchange (CME) halts Bitcoin futures trading every weekend, creating what is known as a CME gap, i.e., an untraded range that forms when Bitcoin’s price moves significantly during the weekend while CME is closed. Last weekend, the CME market closed on August 23rd with Bitcoin trading at 116,939 before opening again on August 25th, when prices now traded at $112,600, leaving a clear $4,300 price gap on the CME chart. Since then, Bitcoin has even slipped further, with prices now trading around $108,200. However, KillaXBT explains that since trading at $16,000, the Bitcoin market has seen 98% of weekend CME gaps filled. This historical performance presents a potential 8% upside if prices were to return to around $116,939. Notably, the monthly close is fast approaching, which represents a period often marked by volatility and institutional rebalancing. If bulls can regain momentum and push BTC back toward the $116,900 range, it would not only close the CME gap but also re-establish strength after a period of multi-week correction. Bitcoin Market Outlook Aside from the short-term bullish potential of the CME gap, KillaXBT also remains long on Bitcoin’s future. The analyst also raises a key point that $5 billion was printed in under a week, which historically precedes major upward impulses. The Bitcoin enthusiast further explains that current downward pressure is a leverage flush ahead of the monthly close, and expects upside continuation in the coming weeks, potentially toward a cycle top. Referencing past halving cycles, Killa XBT notes this one has lasted 490 days, and based on historical patterns, there could be another 30–45 days before a top is likely. However, a key support lies between $106,000–$107,000. A breakdown below $100,000 would invalidate the thesis and trigger an exit or re-entry strategy. At the time of writing, Bitcoin continues to trade at $107,954, reflecting a 3.44% decline in the past day.

Polygon is starting the week with some fresh energy as Giottus, a major Indian crypto exchange, now offers QuickSwap’s QUICK token in INR and USDT trading pairs. The listing is opening the door for even more users in the Indian market, as we know how big the Indian crypto scene is. POL, the Polygon crypto token, is testing its $0.38 support level as the market dips. The hum around Polygon is also likely due to its recent government boosts. The US Department of Commerce posted GDP data on the blockchain, which was a big move. (Indian crypto market, source – Statista) Meanwhile, the Philippines has notarized public funds via BayaniChain, a platform on Polygon. One of the senators, Bam Aquino, has been pushing for national budget tracking using Polygon, citing the need to prevent falsification as his reason. These data show Polygon crypto strength, especially in regulated finance. (POLUSD, source – TradingView) Polygon Catalysts and The Global Crypto Sentiment Today, Polygon saw a 10% monthly gain, a bump to $0.25. The jump is driven by Courtyard NFTs, which stand at the #1 spot in 24-hour sales, with a volume of 826 million POL crypto tokens. Bull is thinking about the potential 53% rally to $0.90 once the $0.58 resistance level is breached, although it is far from its Polygon Matic all-time high. Polygon crypto POL was MATIC before being rebranded as POL. Grayscale is another catalyst as the company decided to add Polygon to its spot ETFs. However, the crypto market is experiencing a big decline this week, with the total market cap falling from $4 trillion to $3.77 trillion after a big $900 million in liquidations. BTC ▼-1.22% dropped below $110,000 for the first time since July, while ETH ▲1.28% remained steady around $4,300, a notable big dip after it reached ATH close to $5,000. Altcoins, particularly SOL ▼-1.88% and Hyperliquid, managed to rebound, with above $200 SOL, and close to $45 HYPE. BitcoinPriceMarket CapBTC$2.16T24h7d30d1yAll time Cronos saw a big spike to multi-year highs, although it cooled down afterward. Trump’s DJT surely was the catalyst. DISCOVER: Top Solana Meme Coins to Buy in 2025 Pig Butchering: Crypto’s Darker Side On the darker side of things, pig butchering scams wreaked havoc this week, with authorities in the APAC region freezing $47 million in USDT linked to fraudulent schemes. Victims is lossing millions through fake romance scams and farudulent crypto investment. One of the victim is woman from Virginia, which in the end lost her $1.3 million. (Crypto scam revenue, source – Chainalysis) The US Department of Justice has also seized $225 million from a stablecoin investment fraud scheme, part of a larger $5.8 billion in losses projected for 2024. Scammers are continuing their playbook by refunding small amounts to build trust before disappearing. Along with these scams, ransomware and “wrench” attacks are also on the rise. It contributed to an illicit market volume that ranged between $45 billion and $51 billion last year. Crypto crime may have dipped to a smaller percentage of total transactions. It was recorded at around 0.14% to 0.4% of the $10.6 trillion in crypto transactions volume. However, absolute numbers are still climbing as the market grows. Will crypto recover? Follow us live 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 Today Crypto News, August 30 – Polygon Crypto Top Indian Exchange Listing: Pig Butchering Crypto Crime Wreck Millions Overnight appeared first on 99Bitcoins.

Ethereum is trading at a critical level after several days of selling pressure and mounting speculation, with bulls struggling to maintain momentum as Bitcoin and the broader crypto market turn bearish. Price action has shifted into a cautious phase, and ETH now faces the challenge of defending key demand zones that could determine the weeks ahead. Despite this pullback, Ethereum remains the standout performer in the market. Fresh data from Glassnode reveals that over the past month, no altcoin sector has outperformed ETH, although DeFi and Layer 2 ecosystems came close. This resilience underscores Ethereum’s dominance even in times of broader market weakness, reinforcing its role as the backbone of decentralized finance and blockchain infrastructure. The trend also suggests that the market is entering what many analysts describe as “Ethereum season,” where ETH leads performance and capital rotation from Bitcoin into altcoins begins to accelerate. With institutions, whales, and retail investors watching closely, Ethereum’s ability to hold its ground while others falter highlights its strength heading into the next stage of the cycle. Ethereum Leads Market As Capital Rotation Accelerates According to Glassnode, Ethereum has established itself as the clear leader in the market over the past month. No altcoin sector has managed to outperform ETH during this period, with only DeFi and Layer 2 ecosystems coming close. Notably, most altcoin sectors ended the month in decline, reinforcing Ethereum’s relative strength in a volatile environment. This performance signals a clear shift in capital rotation, as flows begin moving away from Bitcoin and into Ethereum, marking what many analysts see as the beginning of a new stage in the cycle. Capital rotation has long been a hallmark of crypto market dynamics. Traditionally, rallies begin with Bitcoin dominance before liquidity spreads into Ethereum and then, eventually, into smaller altcoins. The latest data shows ETH taking center stage in this process, attracting both institutional interest and whale accumulation. This suggests that investors view Ethereum as the next engine of growth, supported by strong fundamentals and expanding adoption across DeFi, NFTs, and enterprise use cases. Still, sentiment remains divided. Some analysts argue that this cycle is structurally longer, stretched by institutional products like spot ETFs and increased global adoption, meaning Ethereum could continue to outperform for months. Others remain cautious, warning that the market’s current weakness could be the early signal of a broader bearish trend. Regardless of these opposing views, Ethereum’s leadership in performance and its ability to outpace nearly every altcoin sector highlight its growing importance in defining the next stage of the crypto market. For many, ETH is setting the tone for where capital flows—and opportunities—are headed next. ETH Pulls Back After Explosive Rally Ethereum is trading around $4,366 after a sharp weekly decline of nearly 9%, following its recent push to new highs near $4,800. The weekly chart highlights a powerful rally that began earlier this summer, lifting ETH from lows below $2,000 to almost double its value in just a few months. However, the latest red candle shows that sellers are stepping in as the market digests this steep run-up. Despite the correction, ETH remains firmly above its major moving averages. The 50-week ($2,863), 100-week ($2,819), and 200-week ($2,446) moving averages are all trending upward, confirming that the long-term structure is still bullish. These levels now serve as strong layers of support should deeper retracements occur. In the short term, Ethereum is testing the $4,200–$4,300 demand zone, which aligns with previous resistance levels from 2022 and early 2024. Holding this zone would strengthen the case for consolidation before another attempt at breaking $4,800. A failure, however, could open the door for a move back toward $3,800. Featured image from Dall-E, chart from TradingView

The Bitcoin market remains in an intense corrective phase after prices registered a significant 6.7% price decline in the past week. The premier cryptocurrency is presently valued at around $108,000, which recent on-chain data describes as a rather volatile state. Notably, there is a need for an immediate price rebound or Bitcoin risks a further downside. Bitcoin Faces Danger Of Sliding To $100,000 Support In an X post on August 29, Julio Moreno, Head of Research at CryptoQuant, shares an important on-chain update on the Bitcoin market. Data from CryptoQuant’s Trader On-chain Realized Price Bands indicates that the leading cryptocurrency is trading at a critical juncture, with $112,000 emerging as a pivotal level to watch. For context, the Trader Realized Price, a measure of the average cost basis for short-term Bitcoin holders, currently sits at $112,200. Historically, this metric has acted as a key pivot in determining whether traders are in aggregate profit or loss. A sustained price move above this particular level tends to reinforce bullish momentum, while prolonged trading below it signals potential downside pressure. As earlier stated, Bitcoin is currently consolidating below this unrealized price band, suggesting a deeper room for price correction. Therefore, Julio Moreno warns that unless BTC swiftly moves back above $112,000, selling pressure could intensify, driving the asset toward its lower realized band at around $100,000, i.e., a possible 7.91% fall from present market prices. It is worth noting that the trader on-chain realized bands, which also extend to upper and lower boundaries, paint a broader picture of possible volatility. The upper range sits near $157,000, highlighting long-term upside potential if momentum returns. On the other hand, the lower realized support near $70,700 represents the most extreme bearish case. However, present market fundamentals make such only likely following a major macro development, regulatory shock, or the expected return of the bear market. Bitcoin Price Overview At press time, Bitcoin is trading at $107,960, reflecting a 3.45% decline in the past 24 hours. Meanwhile, market activity remains on the rise, with daily trading volume climbing 28.77% to $78.02 billion, suggesting that selling pressure may still be a dominant force. In other developments, analyst Moreno has also highlighted a concerning trend in sentiment, noting that the Bitcoin Bull Index has dropped to 20 and held this level for four consecutive days. This zone is typically associated with an extreme bearish phase, indicating that investor confidence presently remains fragile.

Ethereum has faced selling pressure and heightened volatility in recent days, testing the resolve of investors after setting fresh all-time highs last Sunday. Since then, ETH has retraced more than 11%, slipping back to key demand levels that could determine its short-term trajectory. The sharp pullback has introduced renewed uncertainty into the market, with traders debating whether this correction signals a pause before another rally or the beginning of deeper downside. Despite the recent weakness in price action, Ethereum’s fundamentals remain strong. On-chain activity continues to expand, highlighting the network’s resilience even as market sentiment wavers. Many analysts argue that this strength provides the foundation for a potential rebound, with ETH well-positioned to surge again once the market stabilizes. Top analyst Ted Pillows shared fresh data reinforcing this view, revealing that Ethereum Monthly Transactions have just hit a new all-time high. The milestone reflects not only sustained adoption but also growing usage of the Ethereum network across various applications, from DeFi to NFTs and beyond. For investors, this divergence between volatile price action and strong fundamentals suggests that Ethereum’s long-term trajectory remains intact, even as the market navigates its latest correction. Ethereum Fundamentals Strengthen As Transactions Hit Record High According to Pillows, Ethereum monthly transactions have just reached a new all-time high of 46,990,000, underscoring the network’s ability to scale and thrive in all market conditions. Even as ETH faces short-term selling pressure and volatility, this milestone highlights the underlying strength of Ethereum’s fundamentals. The surge in activity reflects continued adoption across DeFi, NFTs, and institutional-grade applications, proving that demand for Ethereum’s infrastructure remains robust. For Pillows, the data makes one thing clear: the recent bearish price action is little more than market noise. Ethereum has historically endured sharp retracements even during bullish phases, and this latest 11% pullback is consistent with prior consolidation patterns. Behind the scenes, large players are taking advantage of the volatility. Whales have been buying heavily, adding to positions while prices remain under pressure, a signal that confidence in Ethereum’s long-term trajectory remains intact. Global adoption further reinforces this narrative. With institutions, retail investors, and entire ecosystems increasingly relying on Ethereum for transactions and settlement, the network is cementing itself as the backbone of decentralized finance. Currently, ETH is holding a critical demand zone that could determine its path over the coming weeks. If support holds, the combination of record transaction activity, whale accumulation, and growing adoption may set the stage for Ethereum’s next major move upward, possibly toward another attempt at breaking past $5,000. Ethereum Holds Key Support Amid Volatility Ethereum is trading around $4,362 after several days of heightened volatility, with the 4-hour chart showing ETH holding above a critical support zone near $4,300. This level has become a battleground between buyers and sellers, as price retraced sharply from highs near $4,800 earlier this month. The chart highlights ETH trading just below the 50-day moving average at $4,558 and the 100-day at $4,490, both of which now act as resistance. Reclaiming these levels will be crucial for bulls to regain momentum and attempt another push toward $4,600 and ultimately the $4,800 zone. Until then, short-term sentiment remains cautious, as ETH consolidates below these key moving averages. On the downside, the $4,300 level is a critical line in the sand. A decisive breakdown could expose ETH to a deeper pullback toward $4,175, where the 200-day moving average sits. Holding above, however, would suggest that buyers are quietly absorbing selling pressure and preparing for another move higher. Ethereum remains in consolidation mode, with price action reflecting a tug-of-war between bearish momentum and strong demand at support. The next breakout from this range will likely dictate ETH’s trajectory into September. Featured image from Dall-E, chart from TradingView

Bitcoin fell to its lowest levels since July 8 after Wall Street opened on Friday, with prices sliding and traders scrambling to reassess short-term plans. According to CoinGlass, 24-hour crypto liquidations neared $540 million as selling pressure intensified on major exchanges. Whales And Exchange Distribution Pressure Based on reports from market watchers, heavy selling by large holders helped push the drop. Distribution on Binance was highlighted by traders as a key factor that worsened losses. Bitcoin lost nearly 5% on the day, and some large accounts were linked to the wave of sales that triggered stop orders and quick exits. Popular trader Daan Crypto Trades pointed to a “key reversal zone” around recent ranges and consolidation levels. Some experts had similar price levels on his radar, noting that Bitcoin failed to turn $112,000 into support. Other voices in the market flagged $114,000 as an important weekly close threshold for bulls. Bullish RSI Divergence Keeps A Sliver Of Hope Technical watchers found one bright spot. According to crypto commentator Javon Marks, the four-hour chart still shows a bullish RSI divergence — a pattern where the RSI makes higher lows while price makes lower lows. That setup can hint at an early reversal. Marks argued Bitcoin could stage a rebound. He suggested a move back toward $123,000 is possible, which would be roughly a +14% jump from current levels. That projection is optimistic, and it rests on momentum flipping quickly in favor of buyers. Macro Data, Seasonal Weakness Add Headwinds Seasonality and macroeconomic data added pressure. September has historically been one of Bitcoin’s weaker months, and investors were watching US inflation readings closely. The Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures index, matched expectations and showed signs of an inflation rebound. Still, the CME Group’s FedWatch Tool showed markets pricing in rate cuts in September, a factor that could help risk assets like crypto if it holds. Range Bound For Now, Traders Watch $112,000–$114,000 Reports have disclosed that traders are focused on a narrow set of price markers. If Bitcoin can reclaim $112,000 and hold a weekly close above $114,000, bulls would gain breathing room. If those levels fail, more downside is possible and short-term traders could face further liquidations. For now, the market looks tight. Some technical signals point to a rebound, but macro data and big sellers are keeping the mood cautious. Traders and investors alike are watching both price action and economic prints closely as the US heads toward key data and the Fed decision window on Sept. 17. Featured image from Unsplash, chart from TradingView

After a short-lived recovery, Bitcoin (BTC) is attempting to bounce from a crucial level to reclaim the $110,000 support. However, some analysts suggest that a retest of the $90,000 level could be the next stop for the cryptocurrency. Bitcoin Drops To Weekly Lows Bitcoin lost the $110,000 support for the first time in nearly two months, dipping below the lower boundary of its local range, between $108,700-$119,500. The flagship crypto hit an eight-week low of $107,900 on Friday afternoon, raising concerns for its short-term rally among investors. Crypto analyst Ali Martinez suggested that the market is starting to show signs of fatigue, with Bitcoin Dominance displaying cracks after carrying “the bulk of the bull market momentum.” To the analyst, BTC’s current price action signals a macro trend shift, mirroring the 2021 price action and the conditions that preceded the 2021 cycle peak. At the time, the cryptocurrency hit a peak of $60,000 in April, retraced, rallied to $70,000, and set a strong bearish divergence against the Relative Strength Index (RSI) before the bear market began. This time, Bitcoin is showing the same setup that foreshadowed the end of the last cycle, with price making higher highs while the RSI makes lower lows, Martinez explained. Among other technical signals, the analyst highlighted that the MACD indicator had turned bearish this week. He detailed that this bearish crossover aligns with the price drop and reinforces the downside risks. Meanwhile, he added that the recent death cross in the Bitcoin MVRV Momentum indicator “signals a macro momentum reversal from positive to negative. This is a historically reliable warning sign of cyclical tops.” The analyst affirmed that the on-chain evidence suggests Bitcoin’s top may be in, at least temporarily, with bias shifting bearish and a risk of retesting lower support levels. Will BTC Mirror Its 2021 Drop? Martinez also noted that the $108,700 support is crucial for BTC’s short-term performance, as a weekly close below this area would confirm a deeper trend shift, which occurred in 2021. After peaking in late 2021, the flagship crypto lost its local range above the $58,000 mark, which led to a retest of the macro range’s mid-zone and an eventual drop below the macro range’s lows in the coming months. If BTC loses its immediate technical floor, the price could retest the $104,500 and $97,000 support levels, risking a drop to the mid-zone of the macro range, around the $94,000 area. Altcoin Sherpa weighed in on the cryptocurrency’s performance, stating that Bitcoin should have strong support between the $103,000-$108,000 levels, as the 200-day Exponential Moving Average (EMA) sits around the $104,000 mark. However, analyst Ted Pillows considers that $124,000 appears to be the local top. He explained that, historically, Bitcoin’s bottoms occur after a retest of the weekly 60 EMA, which currently sits around the $92,000 support zone and has a CME gap. “In this scenario, Bitcoin will start a reversal after 3-4 weeks and a new ATH by November/December,” Ted concluded. As of this writing, Bitcoin trades at $107,947, a 7.5% decline in the weekly timeframe.

Solana is currently breaking above an Ascending Triangle that could set a target of around $300, according to a cryptocurrency analyst. Solana Is Breaking Out Of An Ascending Triangle In a new post on X, analyst Ali Martinez has discussed about a triangle technical analysis (TA) pattern forming in the 12-hour price of Solana. The pattern in question is an “Ascending Triangle,” which appears whenever an asset’s price consolidates between two converging trendlines. The special feature of the formation is that the upper trendline is parallel to the time-axis, while the lower one is sloped upward. This means that as the price travels between the lines, it observes its range shrink to an upside. As with any consolidation pattern, the upper line of the Ascending Triangle is likely to present resistance to the price, while the lower one support. A break out of either of these levels can signal a continuation in that direction: a surge above the triangle is a bullish sign and a fall under it a bearish one. Like the Ascending Triangle, there is also the Descending Triangle, which is quite similar except for the fact that its lower line is parallel to the time-axis instead. Generally, the probability of a breakout is considered more likely to occur beyond the resistance line in an Ascending Triangle, while in a Descending Triangle, a breakdown of support is more probable. Now, here is the chart shared by the analyst that shows the Ascending Triangle that has appeared in Solana’s 12-hour price: As is visible in the above graph, Solana has been trading inside the pattern for many months now and recently, it has been trying to break out of it. This attempt at a surge above the resistance line comes as SOL has been approaching the apex of the triangle. Usually, a breakout becomes more likely to occur as the price nears the end of the pattern. This is because the consolidation range gets quite narrow around the apex. The same effect may be in play for the cryptocurrency right now. In the event that the latest attempt does lead to a sustained bullish push, Solana may be looking at the $300 level, according to Martinez. This level is around where the 1.618 Fibonacci Extension level lies. Fibonacci Extension lines are drawn on a price chart based on ratios from the Fibonacci series. The 1.618 ratio in particular corresponds to the famous Golden Ratio. If Solana does end up witnessing a rally to this target of $300, then its price would have gone up by around 46% from the current value. SOL Price At the time of writing, Solana is floating around $205, up more than 5% over the last seven days.

Bitcoin remains under pressure after sliding from its all-time high above $124,000 earlier this month. At the time of writing, the asset trades at $110,219, reflecting a weekly decline of about 2% and a broader drop of more than 10% from its peak. Despite the correction, analysts continue to examine on-chain data for signs of the market’s next direction. Among the latest insights, CryptoQuant contributor CryptoOnchain highlighted the significance of the MVRV (Market Value to Realized Value) Price Bands, a long-observed metric used to assess market cycles. According to the analyst, Bitcoin’s current positioning above key support bands suggests the uptrend remains intact, but with room for both continued growth and potential volatility. MVRV Price Bands Point to Potential Cycle Top The MVRV Price Bands model has historically been used to identify both bottoms and tops in Bitcoin’s long-term cycles. CryptoOnchain noted that the model’s lower band, often referred to as the “floor price,” reliably marked market lows in 2018 and 2022, while the upper band highlighted cycle peaks such as 2017 and 2021. Currently, Bitcoin’s trading price is positioned well above the model’s floor price of around $52,300 and its median support level of approximately $91,600. This indicates what the analyst referred to as a “healthy uptrend” with persistent activity from long-term holders. Importantly, the model’s projected ceiling price suggests that Bitcoin could reach as high as $183,000 by August 2025, assuming historical trends remain consistent. The analyst emphasized that while the ceiling level offers a potential target, traders should monitor the mid-price band for signs of weakening momentum. A decisive move below this level could indicate a shift in trend, raising the possibility of deeper corrections even within a bullish cycle. Bitcoin Cost Basis Trends Reflect Market Behavior A separate analysis by CryptoQuant contributor BorisD provided additional context by examining the cost basis of Bitcoin investors on Binance. Data shows that the average deposit address cost basis on Binance has risen from $44,000 earlier this year to $62,000. This suggests that investors are actively accumulating at higher price zones, particularly around Bitcoin’s recent peaks. New whale investors, defined as large-scale buyers with significant holdings, currently hold an average cost basis of $108,000, which is emerging as a key support level. According to BorisD, this level could serve as the foundation for the next leg of upward momentum if demand persists. At the same time, miner-linked wallets showed a slight reduction in their average cost basis from $58,000 to $54,000, hinting at modest selling pressure from mining operations. Long-term holders, meanwhile, remain well positioned, with a cost basis near $40,000. This region has historically been considered a strong accumulation zone, providing resilience during broader market corrections. BorisD pointed out that cost basis levels often track closely with price behavior and can act as both support and resistance during volatile swings. Featured image created with DALL-E, Chart from TradingView

Tether is making a change to how it handles USDT on some of the older blockchains it once supported. Instead of freezing these tokens, the company is marking them as “unsupported.” This applies to networks like Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. Transfers Will Still Work If you’re holding USDT on any of these chains, you can still send and receive them. What’s ending is the ability to mint new tokens or redeem them directly with Tether. The reclassification keeps those older tokens functional while allowing Tether to focus on chains that are more widely used today. Source: Shutterstock Community Feedback Played a Role The update wasn’t made in a vacuum. Tether noted that it listened to feedback from developers and users active on these older networks. Rather than cutting access entirely, this change lets people continue using the tokens if they want, without expecting Tether to keep full support going forward. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in August2025 Tether Refocusing on High-Utility Chains This decision is part of a bigger push toward active networks that serve large user bases and support growing ecosystems. Ethereum and Tron are top priorities, alongside newer Layer 2 networks that are gaining serious traction. This lets Tether concentrate its efforts where USDT is seeing the most demand. BitcoinPriceMarket CapBTC$2.15T24h7d30d1yAll time USDT Coming to Bitcoin via RGB At the same time, Tether is expanding its reach. The company plans to launch a native version of USDT on Bitcoin using RGB, a smart contract protocol built around Bitcoin’s infrastructure. This means users will be able to interact with USDT directly on Bitcoin, without needing bridges or third-party chains. Keeping Things Simple Internally Tether has maintained a long list of supported chains over the years. Some of them have had very low usage, which added unnecessary overhead. By trimming down and focusing on chains that see more activity, Tether simplifies how it manages USDT behind the scenes. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Holders Can Still Migrate For users who want to move their USDT to a fully supported chain, tools already exist to do so. Many wallets and exchanges allow for cross-chain swaps or redemptions. There’s no rush to migrate, but the option is open for those who want to take advantage of more features on active networks. DeFi and Integration Goals The update also reflects where the stablecoin world is heading. Most of today’s DeFi activity lives on just a few blockchains, and Tether is aligning its footprint accordingly. Concentrating liquidity in those places helps DeFi tools, dApps, and protocols integrate USDT more easily. What Happens Now From here on, the networks listed as unsupported won’t get updates, redemptions, or new token issuance from Tether. Wallet transfers still work as usual. For users looking ahead, the Bitcoin RGB launch could be the next major evolution for USDT, connecting the stablecoin to the largest and oldest blockchain in a direct way. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Tether has reclassified USDT on older chains like Omni, EOS, and Algorand as “unsupported” rather than freezing them. Users can still transfer USDT on these chains, but minting and redemptions with Tether are no longer available. The move is based on low usage and community feedback, allowing Tether to refocus on high-demand chains like Ethereum, Tron, and Bitcoin via RGB. Tether plans to launch native USDT on Bitcoin using RGB, offering direct stablecoin support without bridges. Users can still migrate their USDT to active networks using cross-chain tools supported by wallets and exchanges. The post Tether Reclassifies USDT on Older Networks as “Unsupported” appeared first on 99Bitcoins.

Plasma is gathering serious traction in the DeFi space. Backed by Bitfinex, the stablecoin-focused Layer 2 just landed a major partner. EtherFi, the leading liquid restaking platform, is integrating its $500 million ETH vault directly into Plasma. This positions the network for a strong launch and gives users immediate access to deep liquidity from the start. A Ground-Level Integration with Real Impact Unlike typical partnerships that come later, EtherFi is stepping in right at the launch phase. Its $500 million deposit into Plasma will serve as a base layer of support for borrowing and lending protocols built on the network. This isn’t passive capital. Users will be able to put it to work from day one using familiar DeFi strategies backed by ETH. Institutional-Scale Confidence EtherFi currently holds more than $11 billion in total value locked. To route a significant chunk of that into a brand new L2 shows real trust in Plasma’s architecture. It also reflects confidence in the team behind it and the direction the network is taking as it targets stablecoin-powered infrastructure. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Combining Stability with Performance Plasma has been engineered with a dual focus: security and usability. It connects Bitcoin-sidechain security with Ethereum-compatible tooling. That mix allows for gas-free stablecoin transfers, support for major assets like USDT, and features like customizable gas tokens and built-in privacy layers. It’s a chain built with real-world usage in mind, not just experimentation. EthereumPriceMarket CapETH$523.18B24h7d30d1yAll time Fast Traction, Fast Deposits Earlier this year, Plasma saw more than $1 billion in deposits within just 30 minutes of opening. Most of it came from high-value wallets, which suggests that experienced whales already trust the network’s structure. That kind of initial traction is rare and shows that something foundational is being built. Backing from Major Industry Names Beyond Bitfinex and EtherFi, Plasma also counts support from figures involved in Founders Fund, Framework Ventures, and Tether. These are not surface-level partnerships. The combination of capital and influence around Plasma provides strong momentum going into its next phase of growth. DISCOVER: 20+ Next Crypto to Explode in 2025 Tools That Users Actually Use With EtherFi in the picture, users can bring their liquid restaking tokens straight into Plasma’s DeFi stack. They can borrow against them, generate yield, and interact with stablecoins across different tools without bridging or waiting. That convenience is matched with options like privacy-preserving transactions and integrated account systems. Built for the Expanding Stablecoin Market Stablecoins are now worth over $280 billion in combined supply. Infrastructure that can handle that volume, reduce friction, and support actual utility is going to stand out. Plasma is clearly aiming at this layer of the market and now has EtherFi’s vaults behind it to help build that foundation. Looking Ahead Plasma’s mainnet beta is coming soon. The EtherFi partnership is more than a technical integration. It sets the tone for what the network wants to be: usable, secure, and deeply connected to real liquidity. It’s not about speculative buzz. It’s about building a working base for stablecoin finance. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways EtherFi is depositing $500 million into Plasma, giving the Bitfinex-backed Layer 2 instant DeFi liquidity at launch. This is a launch-phase integration, not a post-launch add-on, letting users borrow and earn yield from day one. Plasma supports gas-free stablecoin transfers, built-in privacy, and Bitcoin-sidechain security with Ethereum compatibility. The network already saw over $1 billion in early deposits, mostly from large wallets, showing strong initial traction. Plasma is targeting the $280 billion stablecoin market with real utility, and EtherFi’s vaults make that goal more reachable. The post EtherFi Channels $500 Million Into Bitfinex-Backed Plasma appeared first on 99Bitcoins.

The Bitcoin price has experienced a notable downturn, with the market’s largest cryptocurrency retracting 8% in the monthly time frame. This decline has sparked significant criticism on social media, particularly against the crypto exchange Binance, which some investors accuse of contributing to the current market slump. Binance Behind The Bitcoin Price Slump? Market analyst DeFitracer shared insights on social media site X (formerly Twitter), questioning why the market is experiencing a sell-off despite what he describes as an oversaturation of positive catalysts. These include record inflows into crypto exchange-traded funds (ETFs) and anticipated interest rate cuts by the Federal Reserve (Fed) anticipated for next month. Yet, he points out, “we’re still dumping—why?” According to DeFitracer, the ongoing sell-offs appear to be orchestrated by Binance, which he claims is using a third party, market maker Wintermute, to execute its trades. This strategy, he argues, is designed to set a bearish trend that retail investors follow, ultimately benefiting Binance through profits from futures liquidations. In fact, 2024 saw $344 million liquidated in a single day on the exchange, and current market manipulations may yield similar results, he asserts. As of press time, the market’s leading cryptocurrency trades at $108,295, meaning a 12% retrace from all-time high (ATH) levels of $124,000 reached earlier in the month. Three-Phase Reaction To Crypto Sell-Off DeFitracer also highlighted significant activity surrounding Solana (SOL). The analyst indicates that beyond Bitcoin, Binance has also been offloading SOL, potentially driven by an alleged desire to curb competition with its own token, Binance Coin (BNB), which currently has a market cap of $117 billion compared to SOL’s $102 billion. The analyst also said in his analysis that this activity raises questions about where Binance is sourcing its Solana, as their proof-of-reserves only shows client funds, suggesting that customer assets might be at risk in these trading maneuvers. DeFitracer added that these movements echo the practices of collapsed exchanges like FTX, which similarly utilized client funds through its trading arm Alameda Research: This is a terrible look for the exchange. User funds should stay safe – not be used for market games. FTX pulled the same move with client funds through Alameda Research. We all know how that ended While the current market conditions may seem daunting, DeFitracer outlines a potential three-phase market reaction: an initial phase of panic leading to retail exits, followed by accumulation during the downturn, and finally, a sharp rebound. He emphasizes that the upcoming rate cuts by the US Federal Reserve next month could significantly shift the market sentiment, recalling how similar cuts in 2021 triggered a massive bull run, propelling the Bitcoin price to new heights. Featured image from DALL-E, chart from TradingView.com

Fresh data from Binance suggests that Bitcoin’s (BTC) illiquid supply has reached historically high levels, a development that could set the stage for BTC to eye the $150,000 milestone by the end of 2025. Bitcoin Illiquid Supply On Binance Hit Record Highs According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s illiquid supply recently touched new highs on the Binance exchange. In contrast, BTC’s liquid supply has seen a significant decline. The CryptoQuant contributor shared the following chart which shows the difference between BTC’s liquid vs illiquid supply on Binance. Bitcoin recently hit a fresh all-time high (ATH) above $120,000 before a price correction, showing that the market is currently in a state of “liquidity scarcity” supporting an upward trend. A high level of illiquid supply essentially means that more BTC is locked away in wallets with minimal movement, effectively removing it from circulation on exchanges. This reduces the amount of Bitcoin available for trading. A lack of BTC readily available on exchanges increases buying pressure on the limited supply that remains. This dynamic helps explain how BTC has continued to reach new highs even without massive inflows of external liquidity. That said, there remain some risks. BTC’s low liquid supply means that whales or large holders can exert significant pressure on the cryptocurrency through any sudden sell-off. Such pressure could result in sharp price correction for the digital asset due to the lack of liquidity to absorb the new supply. At the same time, current on-chain data indicates that whales and institutions appear to be adopting a “hold for the long haul” strategy, underscoring their confidence in Bitcoin’s role as a long-term strategic asset. However, analysts caution that any sudden shift in this behavior would be felt almost immediately across the market. BTC In A “Fragile Bull Run” Arab Chain described the present market situation as a contradictory one. On one hand, rising illiquid supply provides a foundation for further price appreciation. On the other, the lack of liquid supply creates a fragile market structure where even moderate selling could cause significant volatility. As a result, Bitcoin is currently in a “fragile bull run” in that it is supported by long-term holders but susceptible to sudden selling from whales. However, if BTC illiquid supply continues to rise, then it could move toward levels exceeding $150,000 by the end of 2025. On the flipside, if the liquid supply increases due to persistent sell-offs, then the market could face challenges, leading to a price decline to as low as the $90,000 to $100,000 range. Despite BTC’s fragile price momentum, some experts continue to remain optimistic. Crypto analyst Timothy Peterson recently predicted that BTC can surge as high as $160,000 by Christmas. At press time, BTC trades at $109,286, down 3% in the past 24 hours.

Chainlink is showing signs of strength after a sharp parabolic move, now consolidating just below a key resistance level. The question is whether LINK can push past this barrier and ignite a bigger rally, or if a pullback comes first. Parabolic Surge Stalls Below $76.60 Resistance According to Alpha Crypto Signal, in a recent update shared on X, Chainlink has shown remarkable strength with a parabolic move before entering a consolidation phase just below the $26.60 horizontal resistance zone. This level has now become the focal point, as traders watch closely to see if momentum will carry LINK beyond it. Alpha Crypto Signal noted that the momentum behind LINK’s move was powerful, and a breakout above $26.60 should not come as a surprise in the coming sessions. Such a development could potentially trigger another leg higher. Still, the analyst cautioned that broader market conditions point to the possibility of a correction. If LINK fails to sustain current levels, the altcoin is likely to dump below the marked boxed zone. However, Alpha Crypto Signal described it as a must-buy opportunity, presenting traders with an ideal entry point at discounted levels. To prepare for such a scenario, Alpha Crypto Signal plans to place spot limit buy orders below the boxed zone, with the intention of patiently waiting for price action to align with the setup. This strategy reflects a balanced approach—ready to capitalize on both potential downside dips and upside breakouts. On the flip side, if Chainlink manages to break out of the $26.60 resistance with significant trading volume, Alpha Crypto Signal emphasized that the plan would need to be adjusted accordingly. For now, the analyst recommends keeping LINK on the radar, as it sits at a pivotal point where the next big move could soon unfold. Market Confidence Returns With Chainlink Buyers Stepping In Trader Rai, in his latest analysis on the 15-minute timeframe, highlighted that Chainlink has shown strong resilience after bouncing from its support zone. This rebound signals renewed strength in the market, with buyers beginning to take control of short-term price action. The chart further suggests that buyers are targeting a retest of the $24.30 resistance level. This zone stands out as a critical barrier, and a successful test could determine whether LINK is ready to extend its upward trajectory. If the breakout above $24.30 holds with sufficient volume, LINK may confirm a continuation pattern toward higher levels. Such a move would mark a key shift in sentiment, giving bulls the upper hand and potentially paving the way for a stronger rally in the near term.

TRON (TRX) has been experiencing muted performance in recent weeks, trading at $0.3389 at the time of writing. This represents a 21.4% decline from its all-time high of $0.4313, recorded late last year. Despite relatively stable price levels in recent days, the lack of upward momentum suggests investors might be carefully watching for a catalyst that could determine the token’s next major move. Amid this market setting, analysts are closely tracking TRON’s on-chain data. One key observation comes from CryptoQuant contributor CryptoOnchain, who examined network activity and resistance levels. According to the analyst, TRX is currently testing its historical resistance zone, a level that could prove decisive in whether the asset pushes toward higher targets or risks another setback. TRON Network Activity and Potential Breakout CryptoOnchain noted that TRON’s network activity is at record levels, with daily active addresses (DAA) surpassing 2.6 million, the highest figure in its history. This surge in user activity reflects strong underlying demand for the network, even while TRX’s price has struggled to break higher. Historically, such growth in addresses has acted as a fundamental driver for price strength, signaling that demand for TRON’s blockchain services remains resilient. The analyst highlighted that TRX sits just below its historical resistance. If the token were to close above its all-time high and sustain that level, the breakout target could range between $0.48 and $0.52, aligning with TRON’s On-Chain Value Bands metric. However, CryptoOnchain cautioned that this scenario depends heavily on TRON maintaining its active address momentum. A decline in DAA could undermine the bullish setup, exposing TRX to downside risk. The outlook also ties into broader market conditions. The CryptoQuant analyst believes that a potential altseason, a period of significant gains across altcoins, could provide the momentum needed for TRX to achieve a breakout. In this context, continued high network demand and user activity would support further price appreciation. Whale Activity and Stablecoin Dynamics In a separate analysis, CryptoQuant contributor Amr Taha examined stablecoin flows on the TRON network, particularly the activity of large wallets. Data showed that in the past 24 hours, wallets holding over $100 million in USDT dominated TRON’s transaction volume, coinciding with Bitcoin regaining momentum above the $110,000 level. This concentration of large transfers is significant because it often precedes shifts in broader crypto market sentiment. A notable example occurred on August 12, when $100M+ wallets moved approximately $3.9 billion in USDT across the TRON network. That wave of transfers directly coincided with a 5% rally in Bitcoin, highlighting the role of stablecoin liquidity in driving market cycles. Taha added that the distribution of daily USDT wallet changes reinforces this trend. Wallets with balances above $100M accounted for nearly 35–36% of total daily activity, a level nearly identical to August’s inflows. Such concentrated whale activity suggests that stablecoin flows on TRON remain a leading indicator for market positioning and potential capital rotations into risk assets like TRX and Bitcoin. Featured image created with DALL-E, Chart from TradingView

Shiba Inu’s price action in recent days has been largely subdued, and many traders would argue it has had the most disappointing meme performance lately. The price has been range-bound between $0.00001345 and $0.00001190 for much of August, showing low volatility as traders wait for a decisive move. Nonetheless, a new technical analysis suggests that SHIB may be approaching the end of its consolidation cycle. According to analyst Kamran Asghar, the weekly chart is showing signs of preparing for a major expansion phase that could unlock a rally of more than 650%. Shiba Inu’s History Of Explosive Expansions The weekly candlestick timeframe chart shared by Kamran Asghar shows that Shiba Inu has repeatedly followed a cycle of prolonged accumulation phases before launching into massive expansions. Looking back as far as July 2021, SHIB experienced a 1,154% rally after a lengthy consolidation period. Interestingly, this pattern repeated again in early 2024 when the price surged by over 501% after another extended accumulation stage. Both cycles were characterized by weeks of sideways action, followed by sudden vertical rallies that took SHIB to new highs in a short span of time. The current setup has strong similarities to these earlier phases. For one, the Shiba Inu has been locked in a tight accumulation range for several months since the beginning of 2025. This accumulation range has been characterized by low volatility between the upper end of $0.000020 and the lower end of $0.000010 for most of the year. Now, given the precedent of the last two breakouts, Shiba Inu’s ongoing consolidation may already be nearing its end. The 650% Expansion To $0.00009 If history repeats, the next move could cause another Shiba Inu price explosion on the weekly candlestick timeframe. According to the analyst’s projection, the massive expansion would see the Shiba Inu price increase by 650%, which would see it reach a target of $0.00009. This level coincides with the chart’s projection for a new all-time high, as it would see Shiba Inu break above the peak of $0.00008616 that has held since 2021. The projection is based on measuring past expansions and overlaying an average of the two on the current price structure. Although the projected 650% increase is less than the 1,150% rally witnessed by Shiba Inu in the 2021 rally, the volume needed in this case would be far greater. As such, the most important factor that will determine whether this breakout will occur is demand volume. In both prior expansions, Shiba Inu ’s rallies were caused by sudden surges in demand that pushed the price out of its accumulation box with high conviction. Without this surge in volume liquidity, Shiba Inu’s price action may continue drifting sideways within the consolidation range. At the time of writing, Shiba Inu is trading at $0.00001236, down by 3.8% in the past 24 hours.

Ethereum has become the backbone of innovation in the digital asset space, serving as the foundation on which nearly every transformative trend in crypto is built. As adoption accelerates and new technologies converge, Ethereum’s role as the essential infrastructure is powering the future of global digital assets. Ethereum As The Digital Asset Operating System Of The Future In the rapidly evolving digital asset landscape, one concept remains clear that every major trend eventually finds its foundation on Ethereum. According to SharpLink Gaming’s post on X, ETH is not just another digital asset, but rather the reserve asset of the on-chain economy, which is a cornerstone that underpins the digital financial system of the future. By strategically holding and compounding ETH on behalf of our stockholders, SharpLink is not simply investing in a token, but investing in the future of finance itself. This conviction reflects the company’s belief that Ethereum’s network effects will only strengthen, making ETH the backbone of digital markets for years to come. Being the reserve asset of the on-chain economy, ETH might attract significant usage, which is likely to bolster its price in the near future. Analyst Daan Crypto Trades has revealed that Ethereum recently swept past its 2021 all-time high but faced a rejection. This is a normal occurrence in crypto markets, as all-time high breaks are often messy, involving significant shakeouts. Many traders attempt to position themselves ahead of a breakout, anticipating the next phase of price discovery. However, this move often results in those trading long positions being flushed out, forcing the participants to exit the market in frustration. Daan emphasizes the importance of weekly closes above the prior all-time high. Such closes are critical, as they provide stronger confirmation that a genuine breakout is underway, which signals a sustainable move rather than a temporary spike. Until then, volatility and temporary pullbacks are part of the market’s behavior during price discovery. Accumulation Strategies For Strategic Investors Ethereum may be facing bearish pressure, but Ted has noted that the altcoin is on track to reach $10,000 in this cycle. However, before the surge to that milestone kicks off, a short-term correction may be imminent. Historically, September has often acted as a pause or pullback month in the crypto market, creating ideal opportunities for accumulation. Ted sees this as a strategic moment for investors to position themselves ahead of a potential major surge in Q4 2025. However, the scenario could shift dramatically if Ethereum experiences a green September. Such strength would signal overwhelming momentum and potentially trigger a series of consecutive bullish moves in the months ahead, with the $10,000 target in sight.