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Ethereum’s rally this month has been sharp, but traders are being warned to watch September closely. Ether climbed about 20% since the start of August, trading at $4,745 at the time of publication. Prices even pierced $4,860 after dovish remarks from US Federal Reserve Chair Jerome Powell at the Jackson Hole symposium, a move that many in crypto see as a possible spark for more gains. Historic September Pullbacks According to CoinGlass, history offers a cautionary note: there have been only three cases since 2016 where Ether rose in August and then slid in September. In 2017, Ether jumped 92% in August and then dropped 20% the following month. In 2020, August gains of 25% were followed by a 17% pullback in September. And in 2021, a 35% climb in August gave way to a 12% slip in September. CryptoGoos, a trader on X, summed it up bluntly: seasonality in September during post-halving years tends to be negative. That pattern does not mean a repeat is guaranteed. Reports have disclosed that both market structure and investor profiles are different now than in those earlier years. In 2016 and 2020, short-term losses in September were followed by multi-month recoveries, with Ether posting upside in the final three months of those years. So while history matters, it does not decide outcomes on its own. New Money, New Dynamics Flows into spot Ether ETFs this month have been large enough to grab attention. Based on reports from Farside, spot Ether ETFs saw roughly $2.70 billion net inflows in August, while spot Bitcoin ETFs experienced about $1.2 billion in net outflows over the same period. At the same time, companies that hold crypto on their balance sheets now control a sizable chunk of Ether. Reports show total Ether held by treasury companies topped $13 billion in value on Aug. 11. Arkham reported that BitMine chairman Tom Lee bought another $45 million of Ether, lifting BitMine’s stack to $7 billion. Those numbers change the math. Big institutional stacks and ETF demand can make sharp, short-term moves more persistent than in prior cycles. Capital appears to be rotating; Bitcoin dominance has fallen 5% over the past 30 days to 55%, which market participants mostly attribute to funds moving into assets beyond Bitcoin. What Traders Might Do Next Traders and portfolio managers will likely keep an eye on macro signals and flow data. A softer interest rate outlook from Powell is a bullish factor for risk assets, but seasonality and previous post-August declines are reasons to stay cautious. Featured image from Unsplash, chart from TradingView

The Bitcoin price has struggled to retain any serious momentum over the past few weeks despite running to a new all-time high in that period. Over the past week, the flagship cryptocurrency fell below the $112,000 mark before experiencing some resurgence on the back of the US Federal Reserve (Fed) chairman Jerome Powell’s speech. However, the price of BTC appears to have returned to its sluggish pattern of action over the weekend, dropping to around $115,000 on Saturday, August 23. According to the latest on-chain data, the BTC price might be stuck in this phase of muted action in preparation for its next move. BTC Market Activity Wanes — What’s Next For Price? In a new post on social media platform X, Alphractal revealed that the Bitcoin market seems to be shaping up for the next big move in the coming weeks. This projection is based on the 30-Day Active Supply metric, which measures the number of unique coins that moved at least once over the past month. The 30-Day Active Supply metric functions as a thermometer of the market interest in BTC, indicating both overheated and cool market conditions. When the metric rises, it suggests the inflow of fresh capital circulating and stronger investor activity. Historically, increases in the Bitcoin 30-Day Active Supply have often coincided with price tops and bottoms, especially as investors are inclined to move their coins around during times of extreme greed or fear. Hence, a rise in the metric can be associated with a potential market reversal. Meanwhile, a drop in the Bitcoin 30-Day Active Supply metric signals calmer market conditions with hesitation among investors, typically after periods of high stress or enthusiasm. When fewer coins are on the move and supply is relatively stable, a tightening effect takes place in the market. According to data from Alphractal, the Active Supply indicator shows that the Bitcoin market has witnessed a cooldown in activity in recent weeks. The on-chain analytics firm added that the slowdown in the market activity could mean that the BTC price is preparing for the next big move. With an improving macroeconomic environment, the Bitcoin price appears to be consolidating within a narrow range beneath its all-time high. Hence, a sudden spike in activity could see the market leader enter a new expansion phase, with the potential to hit new highs. Bitcoin Price At A Glance As of this writing, the price of BTC sits just above the $115,000 mark, reflecting an almost 2% decline in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is down by more than 2% in the last seven days.

China has rolled out tighter controls on the mining and processing of rare earths by extending its quota system to include imported materials and requiring enterprises to report on the flow of strategic minerals regularly. According to documents from departments led by the Ministry of Industry and Information Technology (MIIT), the new provisions stipulate that China’s quota system would apply not only to domestically produced rare earths, but also to those coming from abroad for refining. China currently leads the global production of rare earths—a group of 17 elements that are essential to a wide range of high-tech and green technologies, including electronics, electric vehicles and wind turbines. The country also controls nearly all of the minerals’ processing, making it the undisputed dominant player in the rare earth supply chain. In addition to the inclusion of imported minerals in the new quota system, companies involved in the production process must now submit monthly data on rare earth flows, including imports, into a newly established government information platform by the 10th of each month. According to a report by the South China Morning Post, these rules were issued as guidelines on implementing the country’s Rare Earth Management Regulations that took effect this past October. The documents, which the Hong Kong-based paper says are effective immediately, specifically detailed how government agencies should manage quotas for designated companies and make the flow of rare earth products traceable. The latest move aligns with a string of recent regulatory actions, from adding rare earths and magnets to export restriction lists in April to issuing 2025 production quotas without the customary public notice—a sign of more discreet but firm regulatory posture. “Compared to the previous quota system, which only regulated domestic raw materials, the new measures explicitly regulate imported ones,” stated Li Chao, chief analyst at Guojin Securities, adding that it further enhances China’s control over the rare earth supply chain. Although official production and export quota figures were not disclosed, penalties for non‑compliance may include fines and cuts to future allocations.

Highlights include US PCE, PBoC MLF, Minutes from ECB & RBA, Australian CPI, Japan Tokyo CPI, and Canada GDP Newsquawk Week Ahead Highlights : 25th-29th August 2025 MON: PBoC MLF, UK Summer Bank Holiday, German Ifo (Aug), US National Activity (Jul) TUE: RBA Minutes, Riksbank Minutes, NBH Announcement, US CaseShiller (Jun) WED: Australian CPI (Jul), Swiss Investor Sentiment (Aug) THU: ECB Minutes, Swiss GDP (Q2), EZ Sentiment Survey (Aug), US GDP 2nd Estimate (Q2), US PCE (Q2) FRI: Japanese Tokyo CPI (Aug), Japanese Activity Data (Jul), German Retail Sales (Jul), French Prelim CPI (Aug), Spanish Flash CPI (Aug), German Unemployment (Aug), US PCE (Jul), Canadian GDP (Q2), University of Michigan Final (Aug) PBOC MLF (MON): PBoC left the Loan Prime Rates unchanged for the third straight month—1-year at 3.00% and 5-year at 3.50%, matching full market consensus. Data continues to point to sluggish activity—factory output, retail sales, and new loan volumes remain weak. Policymakers are leaning on targeted structural tools, not broad-rate cuts, even as deflationary and credit-growth risks persist. Markets expect a hold on the MLF rate, in line with the unchanged LPR. It was also reported that the PBoC to inject CNY 600bln via one-year MLF loans on August 25th. ING notes, “The Peopleʼs Bank of China hasnʼt made any adjustments to the 7- day reverse repo this month. Rather than direct rate cuts, policymakers recently moved to support credit activity in more targeted ways, with subsidies for consumer loans set to come into effect in September.” RBA MINUTES (TUE): RBA will release the Minutes from its August 11th-12th meeting, where it provided no surprises and delivered a unanimously expected 25bps rate cut to lower the Cash Rate to 3.60% with the central bank’s decision unanimous. RBA reiterated ts language that inflation has continued to moderate and the outlook remains uncertain, as well as noted that maintaining price stability and full employment is the priority. RBA stated that underlying inflation will continue to moderate to around the midpoint of the 2–3% range, with the cash rate assumed to follow a gradual easing path, and it noted that monetary policy is well placed to respond decisively to international developments if they have material implications for activity and inflation in Australia. Furthermore, it stated the cut was due to underlying inflation continuing to decline back towards the midpoint of the 2–3% range and labour market conditions easing slightly. The central bank also simultaneously released its Quarterly Statement on Monetary Policy which showed a downgrade to the estimate of Australiaʼs long-run productivity growth to 0.7% from 1.0% and with trend GDP growth now seen around 2.0%, down from 2.25%, while its forecasts were based on a technical assumption of the cash rate at 3.4% by end-2025, 2.9% by end-2026, and 3.1% by end-2027. Furthermore, RBA Governor Bullock continued to signal future cuts during the post-meeting press conference, where she stated there were no discussions of a larger rate cut, but noted that forecasts imply the Cash Rate might need to be lower for price stability, while she added the Board will take things meeting by meeting and did not rule out back-to-back rate cuts. RIKSBANK MINUTES (TUE): Riksbank maintained its rates at 2.00%, in line with expectations. In terms of future rate policy, the Bank highlighted that there is “still some probability of a further interest rate cut this year” – this verbal guidance is in line with the current rate path laid out in June. As for recent data developments, the Bank highlighted that inflation has deviated “somewhat” from the forecast in June – rising more than expected, though it suggested the upturn is due to temporary factors. It also remained cautious on economic activity, highlighting that growth remained low and the labour market is not yet “showing any clear sign of improving”. In terms of analyst commentary, Danske Bank opines that should inflation develop in line with the Riksbankʼs forecast, it could “open the door” for a cut in September. Analysts at SEB also put added focus on inflation dynamics, in particular Augustʼs figure. Should that tick lower, SEB sees a cut in September, with another later in the year. Now we look ahead to the Riksbank Minutes next week, to see how “temporary” policymakers view inflation, and how they balance inflation/activity dynamics. AUSTRALIAN CPI (WED): July Monthly CPI is expected to rise 0.5% M/M, lifting the annual rate to 2.3% Y/Y (prev. 1.9%), in line with market consensus (range 2.0–2.7%). June CPI printed at 0.2% M/M, 1.9% Y/Y, softer than both expectations and Westpacʼs forecast, with a surprise -0.4% fall in electricity prices as retailers in some capitals cut charges or boosted discounts, alongside a smaller-than-expected rebate unwind. Westpac highlights upside risks to the July print, pointing to higher Default Market Offer (DMO) power bills and the ongoing removal of rebates. The RBAʼs August SoMP projected headline inflation to climb above 3% in H2 before easing back, largely driven by electricity dynamics, with trimmed mean CPI at 2.7% Y/Y still at the top end of target. Markets will focus on whether July CPI confirms upside pressures or signals a contained rebound. A stronger-than-expected print could push back RBA easing expectations, with electricity costs remaining the key swing factor. ASX 30 Day Interbank Cash Rate Target currently sees a 36% chance of a 25bps cut at the 30th September meeting. Try Newsquawk free for 7 days NVIDIA EARNINGS (WED): Nvidia reports quarterly earnings on Wednesday, 27th August, at 21:20BST/16:20EDT, and while close attention will be on the quarterly metrics, participants will be attentively focusing on any commentary surrounding the agreement struck with the US government that will see them take 15% of any China revenue. On this, KeyBanc expects Nvidia to post strong July-quarter results but may guide cautiously for October due to China-related risks. KeyBanc expects Nvidia to exclude China revenue from guidance amid pending license approvals, potential 15% AI export taxes, and pressure on Chinese firms to use local chips. Without China, guidance could miss consensus, though KeyBanc estimates China could add USD 2-3bln in sales. Despite this, the fundamentals for the tech behemoth remain strong, and as KeyBanc points out GPU supply rose 40% last quarter and should grow another 20% with Blackwell (B200) ramping, while the new Blackwell Ultra (B300) ships in October. Looking at the expectations, Q2 EPS is expected at USD 0.99 with revenue printing at USD 45.50bln. Looking at the breakdown, Data Centre is seen at USD 40.25bln, Gaming 3.9bln, Automotive 595.40mln, Professional Visualization 522mln, and OEM and other 112mln. Regarding some other key metrics, the gross profit margin is expected at 72% and operating expense at 4bln. In terms of forward guidance, the next quarter’s (Q3) revenue is seen at USD 52.59bln, with EPS of USD 1.19, with FY evenue seen at 201.39bln and EPS of 4.37. ECB MINUTES (THU): As expected, the ECB stood pat on rates, keeping the deposit rate at 2%. The accompanying policy statement carried little of interest, noting that incoming information is broadly in line with the Governing Councilʼs previous assessment of the inflation outlook. Additionally, the statement repeated the Bank’s meeting-by-meeting and data-dependent approach. At the followup press conference, when questioned about the recent EUR appreciation and VP de Guindos’ recent remark about the complications that EUR/USD breaching 1.20 would bring, President Lagarde stated that the ECB does not target FX levels but is monitoring the situation. Thereafter, Bunds were sent lower after Lagarde stated that the ECB’s baseline scenario from June still holds despite US President Trump threatening the EU with a 30% tariff rate. This statement, allied with Lagarde reiterating that policy remains in a good place, is suggestive that policymakers are not in a rush to adjust policy. This point was also underscored by the President emphasising that the ECB will not be swayed by a temporary undershoot in inflation (current 2026 forecast sees inflation at 1.6%), adding that inflation is still expected to stabilise at target over the medium term. Note, the decision was unanimous. Overall, given the lack of fireworks at the meeting and the data-watching approach of the ECB, the account of the meeting will likely pass with little in the way of fanfare. TOKYO CPI (FRI): Tokyo CPI for August is expected to slow to 2.6% Y/Y (prev. 2.9%), driven by softer energy prices, though fresh food remains firm. “Super-core” inflation (ex. fresh food and energy) is projected to stay above 3%, keeping underlying pressures elevated and reinforcing the BoJʼs case that prices are on a sustained path toward 2%. Markets will watch for stickiness in services inflation, with upside surprises feeding into expectations for a gradual policy shift. Markets currently price in no 25bps rate hikes for this year, with ~19bps baked in. JAPANESE ACTIVITY DATA (FRI): July Industrial Production is seen at -1.2% M/M (prev. +2.1%), as tariff-related front-loading unwinds, although retail sales are expected to improve on the back of wage growth. Labour market conditions remain tight, with the unemployment rate steady at 2.5%. ING notes that resilient consumption and wage dynamics offset weakness in exports and production, painting a mixed picture for Q3 momentum. US PCE (FRI): While CPI rose in line with expectations in July (headline +0.2% M/M, core +0.3% M/M), PPI surged (headline and core were +0.9% M/M, above the expected +0.3%). Analysts noted that the PPI jump was driven by portfolio management prices, which came as a result of stock prices surging in the month, though air travel prices fell, while other components in the data that feed into core PCE (healthcare, insurance) saw only moderate increases. Pantheon Macroeconomics said that the rise in PPI has only limited implications for the July core PCE reading, but does suggest that the US tariffs are continuing to generate cost pressures in the supply chain, which consumers will shoulder soon. With the CPI and PPI readings in hand, Pantheon estimates that the core PCE deflator will rise by +0.26% M/M in July (vs 0.3% M/M in June), and this should lift the annual rate to 2.9% Y/Y from 2.8%. The FOMC’s July meeting minutes, released this week (where almost all participants viewed it as appropriate to maintain rates between 4.25-4.5%), noted that participants think that higher tariffs were contributing to rising inflation, with goods price inflation increasing while services price inflation slowed. Many expected companies to pass tariff costs to customers, though current demand limited full pass-through. Some saw tariffs causing only a one-time price level rise, while others warned of persistently elevated inflation, difficult to separate from underlying trends. At the time of writing (before Powell’s speech at Jackson Hole), money markets are pricing around a 70% chance the Fed will cut rates by 25bps on September 17th, though, through to the end of the year, are more or less discounting two full 25bps reductions. The Fed’s June projections see core PCE rising to 3.1% Y/Y in 2025, cooling to 2.4% in 2026, and then to 2.1% in 2027. CANADIAN Q2 GDP (FRI): May’s growth data showed GDP falling by 0.1% in the month, though StatsCan said it is projected to rebound +0.1% M/M in June, which should mean annualised growth in Q2 was likely at around 0.1%, just avoiding a contraction. The BoC is currently on hold, and the latest minutes revealed that some members felt they had already provided enough support for the economy, but others felt more support would likely be needed. Since then, the latest inflation report was slightly softer than expected, and participants started to slightly boost BoC rate cut bets with 24bps of easing priced by year-end, implying a 96% probability of a rate cut by year-end. The minutes noted that the economy appeared to have contracted in Q2 after robust Q1 growth. Much of the front-running activities unwound in Q2, resulting in a sharp drop in exports. The minutes also noted that overall consumption and government spending appear to have increased, while business and residential investment appear to have declined. Looking ahead, the BoC estimates that in the current tariff scenario, economic growth resumes in Q3 and inflation remains around 2%, while a de-escalation scenario would see growth rebound in Q3 with inflation below 2%. However, if tariffs were to escalate, the economy would fall into recession, and inflation would rise to 2.5%. Under all these forecasts, inflation is within the BoC’s 1-3% target range; therefore, a drastic slowdown would likely embolden the case for further rate cuts from the BoC, with the board seemingly not too concerned about inflation, particularly with recent data coming in on the softer side. Try Newsquawk free for 7 days Follow it in Real Time – Economic Data Calendar Copyright © 2025 Newsquawk Voice Limited. All rights reserved. Registered Office One Love Lane, London, EC2V 7JN, United Kingdom · Registered Number 12020774 · Registered in England and Wales. newsquawk.com · +44 20 3582 2778 · info@newsquawk.com The post Newsquawk Week Ahead Highlights : 25th-29th August 2025 appeared first on Forex Trading Forum.

Ethereum has staged a strong performance over the past 24 hours, with its price rallying close to its previous all-time high. According to data from CoinGecko, ETH climbed as high as $4,837, just a touch below its 2021 peak of $4,878. The surge came after Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he hinted that long-awaited rate cuts might be coming soon. Interestingly, Ethereum is not only performing well against the dollar but also against Bitcoin, where technical analysis shows a long-awaited structural trendline appears to be breaking in Ethereum’s favor. Analyst Calls Out ETH/BTC Breakout According to a recent technical analysis, which was first revealed on the social media platform X by crypto analyst Ted Pillows, Ethereum is about to go on a massive performance against Bitcoin. Ted Pillows noted that the ETH/BTC breakout has finally happened after nearly eight years of repeated resistance rejections. The analysis, which is based on the 2-week (2W) timeframe of the ETH/BTC pair, shows Ethereum’s price action breaking decisively above a long-term descending trendline that has held since 2017. At the time of the analysis, the ETH/BTC pair was trading around 0.04077 after a 7% price gain for Ethereum. Interestingly, the chart shows how the ETH/BTC pair has been trying multiple times to break above this descending trendline with no success. The latest attempt, which has seen it approach the trendline again, kicked off in July 2025, and has been playing out for the past few weeks. The most recent 2-week candlestick has now seen the ETH/BTC peeking above the trendline. Chart Image From X: Ted Pillows However, Pillows tempered his optimism with a caveat: “I just want a 2W confirmation above this level, and you’ll be surprised to see the Ethereum rally,” he said. This means confirmation is important in order for Ethereum to continue outperforming Bitcoin. The breakout will be validated once the 2-week candle closes above resistance, and this might then turn the former downtrend into a base of support on the ETH/BTC pair. $5,400 Bull Flag Target Another analyst, Titan of Crypto, noted a bullish setup on the shorter-term 4-hour ETH/USD chart. Technical analysis of the 4-hour candlestick timeframe chart shows Ethereum is currently breaking out of a well-defined bull flag formation, which is a continuation pattern that typically appears in the middle of a trend. The breakout, already underway, kicked off when Ethereum broke above $4,200 in August. The analyst predicted a price target around $5,400 to $5,477, which means Ethereum could not only retest but also break above its all-time high and enter into new price territories above $5,000. Image From X: Titan Of Crypto At the time of writing, Ethereum was trading at $4,748. Featured image from Unsplash, chart from TradingView

On Friday, VanEck, asset manager and cryptocurrency exchange-traded fund (ETF) issuer, announced a new filing for a spot Solana ETF backed by JitoSOL with the US Securities and Exchange Commission (SEC). This marks a significant change from other crypto ETFs as it would be the first fund to utilize a liquid staking token. A New Era For Liquid Staking? JitoSOL functions as a liquid staking token on the Solana blockchain, representing both staked SOL and the rewards associated with it. This structure allows users to stake their SOL through the Jito Network while retaining the liquidity necessary for participation in decentralized finance (DeFi) applications. Consequently, VanEck’s introduction of a new spot Solana ETF could provide investors with new opportunities to benefit from the expected growth of the Solana ecosystem. This initiative comes on the heels of new regulatory guidance from the SEC regarding liquid staking activities. Under the administration of President Donald Trump, there has been a concerted effort to position the United States as the global leader in cryptocurrency. The Securities and Exchange Commission’s recent shift in approach reflects this vision, as it aims to clarify the regulatory landscape for the broader digital asset market, a significant departure under former Chair Gary Gensler. Nine Solana ETF Applications Await SEC Green Light In August of this year, a coalition of influential organizations, including Jito Labs, VanEck, Bitwise, the Solana Policy Institute, and Multicoin Capital Management, submitted a joint request to the SEC seeking approval for liquid staking in Solana ETF applications. The letter emphasized the operational advantages that liquid staking can offer for potential Solana ETF issuers, such as enhanced network security through increased staking participation, a wider array of investment options for market participants, and potential new revenue streams for ETF providers. With at least nine Solana ETF filings currently awaiting SEC approval, it’s clear that interest in this area is on the rise. Significant progress toward approval was signaled two months ago when VanEck’s first spot Solana ETF appeared on the Depository Trust & Clearing Corporation’s website under the ticker VSOL. Importantly, the SEC has also signaled that, under specific conditions, activities related to liquid staking may not fall under the definition of securities as outlined by the Securities Act of 1933 and the Securities Exchange Act of 1934. Paul S. Atkins, the newly appointed SEC Chairman, underscored the agency’s commitment to providing clear regulatory guidance for innovative financial practices. He described the staff statement on liquid staking as a crucial measure for defining which crypto asset activities lie outside the SEC’s jurisdiction. On Friday, VanEck’s new spot Solana ETF application caused SOL’s price to surge by double digits, recording a 10% increase in the 24-hour period that brought the cryptocurrency close to the $200 threshold. Featured image from DALL-E, chart from TradingView.com

Technical analysis shows Dogecoin is about to confirm a support on the weekly candlestick timeframe chart after managing to hold up above $0.21 in the past week. After several weeks of mixed sentiment between bulls and bears, Dogecoin’s price action now seems to be shifting in favor of buyers, and price action on the weekly timeframe is now showing a convincing bullish setup. This trend was highlighted in a technical analysis from TradingView analyst MasterAnanda, who noted that Dogecoin’s confirmation above some exponential moving averages is key to a midterm price target of $1.85. Strong Support Holds With Dogecoin Above EMAs The chart posted by MasterAnanda shows that Dogecoin has now traded above the EMA8, EMA13, and EMA21 for four consecutive weeks. This alignment of exponential moving averages, as shown in the chart below, has always been the start of powerful upward moves in Dogecoin’s price. Each time the price has managed to hold above these averages on the weekly chart, it has paved the way for sustained rallies. For instance, in October 2023, the alignment of these moving averages preceded a steep rally that pushed DOGE higher in the following months. A similar development was seen between September and October 2024, when Dogecoin climbed aggressively after maintaining its position above the same set of EMAs. Now, it seems recent market dynamics have seen Dogecoin establishing strong support above $0.21. The analyst described this confirmation of support as the moment that ends any lingering doubt, and traders who are waiting for signals of market strength can now see that the technicals point decisively upward. According to the chart, this support is acting as the launchpad for a higher high, and the probability of an extended bullish run is increasing with the continued increase in trading volume. Chart Image From TradingView: MasterAnanda Next Dogecoin Target At $1.85 The sentiment among Dogecoin traders had been divided in recent weeks, with some traders leaning bearish while others maintained bullish expectations. This divergence of opinion is not unusual, as crypto analysts and traders frequently oscillate between these opposing views. Now that the support has been confirmed and Dogecoin is sustaining momentum above these exponential moving averages, the only thing left is for Dogecoin to continue trading with high volume. In this case, MasterAnanda projected multiple intermediate targets at Fibonacci extension levels before a final price target of $1.85. The first price target is at $0.31 (0.382 Fib level), then $0.48 (0.618 Fib level). Breaking beyond this level would translate to a break above a strong resistance that stopped Dogecoin in its tracks in December 2024. The next target after $0.48 is above the 2021 all-time high of $0.7316, at $1.16, which corresponds to the 1.618 Fibonacci extension. Clearing this level would pave the way for the ultimate midterm target of $1.85 at the 2.618 Fib extension level. At the time of writing, Dogecoin was trading at $0.2324. Featured image from Unsplash, chart from TradingView

Ripple’s XRP has officially broken into the top 100 global assets by market capitalization, a milestone that places it alongside some of the world’s most valuable companies like Shopify, Intuit, and Deutsche Telekom. According to the latest data, XRP holds a market cap of around $181.2 billion at a price of $3.02 per token, ranking it above 100th on the global leaderboard. More notably, XRP has managed to join this exclusive list without the backing of a regulated spot ETF in the United States, unlike its crypto counterparts Bitcoin and Ethereum, which are also on the list of the largest global assets. XRP Joins The Rank Of World’s Top Assets At the time of writing, XRP is the 97th largest asset by market cap, the third cryptocurrency in the list behind Bitcoin at 7th and Ethereum at 22nd. XRP’s climb to this milestone can be traced to a wave of inflows that have been pouring into the asset in recent months. The scale of these inflows has been enough to push XRP’s market cap above BNB and stablecoin Tether USDT, making it the third-largest cryptocurrency by market capitalization. Institutional and retail investors have been drawn to XRP following the conclusion of its legal battle with the US Securities and Exchange Commission. This confidence, combined with the larger crypto market bullishness, has seen the XRP price establish a new support base at $3. Crossing into the ranks of the world’s top 100 assets shows how XRP is faring compared to companies outside the cryptocurrency market. At its current valuation, XRP is now on the tails of some of the most recognized global corporations, like Verizon, Texas Instruments, Shopify, and Intuit. Top assets by market cap: CompaniesMarketCap The Case For More Growth With A Spot XRP ETF Bitcoin and Ethereum have gained tremendous institutional traction in the past 18 months or so through the launch of regulated spot ETFs in the United States. XRP, on the other hand, has reached its current standing without such an instrument. Therefore, XRP’s present milestone may be just the start of a much larger climb. The absence of ETF-driven inflows means that XRP has significant untapped potential waiting to be unlocked through financial institutions like BlackRock, Fidelity, and Grayscale once regulatory approval for a Spot XRP ETF arrives in the US. Such a trading instrument would open the door for large-scale institutional investors who have so far been restricted in accessing XRP exposure. If the same inflow patterns seen in Bitcoin and Ethereum ETFs are seen again with XRP, its market capitalization could easily push past its current peers in the top 100 global asset rankings alongside its price. At the time of writing, XRP is trading at $3.04. Expectations tied to the eventual approval of Spot XRP ETFs stretch from moderate projections of $4 to ambitious forecasts of as high as $1,000. Featured image from Unsplash, chart from TradingView

On 22 August 2025, the altcoin king managed to breach its previous all-time high (ATH) of $4,885, achieved in November 2021. The new ATH now stands at $4,866. Is it the best crypto to buy now? Industry insiders certainly think so. The market projection for ETH is rapidly turning bullish. Standard Chartered has revised its year-end 2025 price target to $7,500, up from $4,000. Further, it predicted that ETH will reach $25,000 by 2028. ETH surged by more than 15% on 22 August 2025 after Federal Reserve Chair Jerome Powell hinted at an upcoming rate cut, prompting investors to turn up the ante. As of this writing, ETH’s price has decreased slightly, trading around the $4,770 level. EthereumPriceMarket CapETH$572.90B24h7d30d1yAll time According to crypto analytics and trading platforms like Hyblock, this rally in ETH is fundamentally different from its earlier peaks. Hyblock maintains that in this case, the price action is being driven by genuine demand rather than early investors offloading supply and stalling momentum. Now that the ETF inflow is accelerating and the treasury is beginning to adopt ETH, paired with the tailwinds from the GENIUS Act, the altcoin might be entering a phase of extreme bullishness. Wu on his X was referencing a community proposal from October 2024 that suggested Aave’s DAO would receive 7% of WLFI’s token supply and 20% of protocol revenues from WLFI’s deployment from Aave v3. While WLFI denied these claims, Aave’s founder, Stani Kulechov, referred to the proposal as “the art of the deal” and implied the terms were still valid. Following this, Aave dropped from $385 to $339, later rebounding to $352. This controversy comes amid renewed interest in DeFi, with TVL (total value locked) climbing past $167 billion. EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now The post [LIVE]With ETH Pumping And BTC Maintaining, What’s The Best Crypto To Buy Now? appeared first on 99Bitcoins.

Ethereum has officially entered a new phase after breaking its previous all-time highs and pushing into uncharted territory. The recent surge carried ETH to $4,886, yet the rally stopped short of the much-anticipated $5,000 milestone. While bulls continue to show resilience, the market now faces a pivotal moment. Analysts are divided: some expect Ethereum to continue its upward march into price discovery, while others warn that the market could be preparing for a deeper correction. This uncertainty comes amid rising speculative activity. According to CryptoQuant, a critical indicator known as the Leverage-Driven Pump has flashed six times this month alone. Each instance reflects a surge in price fueled by leverage in the derivatives market rather than purely organic spot demand. Historically, such signals have produced mixed outcomes: some rallies retraced quickly, others extended before exhaustion set in. With institutional accumulation supporting long-term growth and derivatives adding fuel to short-term volatility, Ethereum stands at a crossroads. Whether this phase becomes the foundation for a sustainable climb above $5,000 or a setup for profit-taking will depend heavily on how leverage unwinds in the coming sessions. The next few days could prove decisive for ETH’s trajectory. Ethereum Faces Risks Amid Strong Fundamentals According to top analyst Maartunn, Ethereum has now seen its Leverage-Driven Pump indicator flash six times this month alone. Out of these signals, four retraced either partially or fully, one continued pumping after stopping out shorts, and the latest one remains live right now. Based on this pattern, Maartunn suggests that Ethereum could soon retrace again, as excessive leverage in derivatives markets often creates unstable conditions that end in pullbacks. However, while technical signals point toward short-term risks, the fundamentals remain strongly bullish. Ethereum has not only broken past its 2021 all-time high of $4,860 but is also backed by robust institutional accumulation. Companies such as BitMine and SharpLink Gaming are acquiring ETH in large amounts, locking up billions in supply. This trend reduces available liquidity on exchanges, effectively amplifying scarcity during periods of heightened demand. Another key factor is the decline in ETH balances on centralized exchanges, showing that investors prefer to hold or stake their coins rather than trade them actively. This outflow aligns with long-term accumulation behavior, historically a precursor to major rallies. While leverage-driven volatility could bring short-lived retracements, Ethereum’s market structure is tilting toward continuation. If institutions keep accumulating and supply keeps leaving exchanges, ETH could sustain momentum and push well beyond its 2021 highs in the months ahead. Daily Chart Signals Critical Moment Ethereum’s daily chart shows ETH trading at $4,771, holding steady after a volatile rally that tested new all-time highs last week. The chart reflects a clear bullish structure, with ETH establishing higher highs and higher lows since mid-July. The 50-day moving average sits well below the current price at $3,763, while the 100-day and 200-day averages are at $3,146 and $2,616, respectively. This wide gap signals strong momentum, but it also highlights how extended the market has become in the short term. The recent surge, which saw ETH briefly dip below $4,200 before bouncing back aggressively, shows strong buyer demand at lower levels. The recovery candle indicates that bulls quickly absorbed selling pressure, pushing ETH into a tight consolidation just under the psychological $5,000 barrier. Breaking this level convincingly could open the door to rapid continuation into uncharted price territory. However, volatility remains elevated. Sharp moves often follow such strong expansions, and retracements toward support at $4,500 or even $4,200 cannot be ruled out. Traders will be watching for sustained closes above $4,800 as confirmation of bullish continuation, while a failure to defend key supports could trigger a deeper correction. Featured image from Dall-E, chart from TradingView

How Much Should I Invest in Gold? A Practical 2025 Guide You worked hard, you saved, and you are not interested in games. You want a clear answer on how much to invest in gold and where it fits in your plan. Markets can feel like a rollercoaster, headlines shout, and nerves fray. Gold is not a miracle; it is a tool. Used correctly, it strengthens a portfolio, adds resilience, and helps you sleep when the world tilts. This guide delivers a straightforward framework for deciding how much gold belongs in your mix—without hype, just discipline. What Gold Does For You—and What It Does Not Gold is insurance, diversification, and a store of value when confidence shakes. It does not pay interest, innovate, or run a company. That is the point. When stocks zig, gold often zags, which can smooth the ride. Over long stretches, gold has helped preserve purchasing power when inflation nibbles. In stress, it can act like a firebreak, slowing losses while other assets scramble. A common misread: expecting gold to behave like a growth stock. That is not its job. Gold’s job is ballast. Think of it as the dependable tool in the kit, not the shiny gadget. One retired teacher put it best: she wanted “the thing that does not go to zero when things get ugly.” She was not chasing a jackpot; she was buying calm. That mindset uses gold well. How Much Should I Invest in Gold? The 5, 10, 15 Rule A practical allocation framework many investors use is 5, 10, 15. It is not a magic formula; it is a disciplined range that keeps you out of extremes. Pick your lane based on risk tolerance, time horizon, and overall financial health. The goal is to earn growth from productive assets while holding enough gold to steady the ship. 5%: The Conservative Floor If you want a modest stabilizer, 5% is a sensible floor. It provides diversification without pulling too much capital away from income-producing or growth assets. This posture suits retirees with reliable income from pensions or annuities who want gold as a shock absorber, not a headline bet. It will not change your life, but in turbulent months it can soften the blow and help you stay invested where long-term returns are earned. 10%: The Balanced Middle For many, 10% hits the sweet spot. It is enough to matter when inflation or uncertainty spikes, yet still lets stocks and bonds do their job. Worry that 10% is too much in calm markets? Remember umbrellas: you do not buy them when the downpour starts. You own them before the clouds gather. Ten percent is a steady policy, not a prediction. 15%: The Opportunistic Ceiling If you carry higher risk elsewhere, have a shorter time horizon, or simply sleep better with more ballast, 15% can be appropriate. Treat it as a ceiling for most people. You keep the core in productive assets but carry enough metal to matter in a storm. Ask one honest question: can you stay disciplined if gold goes quiet and stocks run for a while? If yes, a higher allocation can fit within a broader strategy. Factors That Should Tilt Your Allocation Where you land in that range should reflect your situation, not a stranger’s hot take. Use these levers to fine-tune how much to invest in gold: Risk tolerance: If market drops keep you up at night, tilt higher. Peace has value. Time horizon: The shorter your timeline for withdrawals, the more you prioritize stability. Income sources: Reliable pensions and Social Security can support a lower allocation; variable income argues for more ballast. Concentration risk: Heavy exposure to tech, real estate, or a private business? Add gold to diversify. Inflation sensitivity: If your budget is tight and inflation bites, gold’s hedge can steady purchasing power. Tax and account type: In certain retirement accounts, approved bullion may avoid annual tax friction, which can influence the mix. Behavior: If you tend to chase performance, set a fixed target, rebalance, and stop tinkering. Real-world example: a couple in their late sixties showed a portfolio stuffed with one sector fund. Great when it ran, rough when it stalled. They did not need more thrills; they needed a counterweight. A disciplined gold slice plus a broader stock mix turned their white-knuckle ride into a calmer drive. Ways to Invest in Gold—and How to Choose Once you pick an allocation, vehicle choice matters. Physical bullion, exchange-traded funds, mining equities, and retirement account options each serve a role. Match the vehicle to your goals and temperament, then keep costs and logistics simple. Physical bullion (coins and bars): Tangible and free of direct counterparty risk. Best for long-term holding. Requires secure storage; expect a premium over spot that varies by product and market conditions. ETFs backed by bullion: Convenient, liquid, and typically with tight bid-ask spreads. You do not personally hold the metal, and you pay a small annual expense ratio. Mining stocks: Offer potential upside when gold rises but add company, operational, and market risk. They can swing more than the metal itself. Retirement accounts: Some self-directed IRAs allow approved bullion held with a qualified custodian. Useful if you want tax advantages and clear segregation from taxable accounts. Mixing vehicles is fine, as long as you track total exposure. Keep purpose front and center. If you want insurance, stay close to bullion—either directly or through a fund holding allocated metal. If you want extra torque, mining shares are a smaller satellite, not the core. Buying Tactics That Keep You Out of Trouble Discipline beats drama. Use simple tactics that reduce regret and keep you aligned with your allocation rather than your mood. Dollar-cost averaging: Split purchases over several months or quarters to avoid chasing price spikes or freezing during dips. Mind the premium: Popular coins can carry higher markups than plain bars. Compare all-in cost, including shipping and storage. Storage and security: For physical holdings, decide between insured vaulting or a home safe backed by proper insurance. Put the plan in writing. Liquidity: Favor widely recognized products for easier resale. Keep purchase records to streamline future sales. Scam filter: If someone pressures you, piles on add-ons, or promises late-night miracles, walk away. Real value does not need a hard sell. Rebalancing bands: Set rules, for example a 10% target with a 2% band. When gold rises above 12%, trim; when it falls below 8%, add. No drama, just rules. Following a schedule helps you act on policy—not panic. Over time, steadiness is the difference between noise and results. Sample Allocations You Can Actually Live With These examples are illustrations, not prescriptions. They show how the 5, 10, 15 approach can fit real lives. Adjust to your needs, then commit to rebalancing twice a year on set dates. Income-first retiree: 5% gold, 45% high-quality bonds and cash, 50% diversified stocks. Goal: keep volatility modest, fund withdrawals, add a thin gold layer for protection. Balanced retiree: 10% gold, 35% bonds and cash, 55% diversified stocks. Goal: stabilize without choking growth; cover living expenses while staying invested. Growth-leaning pre-retiree: 10% to 15% gold, 20% bonds, 65% to 70% diversified stocks. Goal: protect against shocks while compounding; accept more stock exposure because withdrawals are years away. Highly concentrated investor: If you hold a lot of one sector or a private business, 10% to 15% gold can offset concentration risk. Goal: diversify the stuff you cannot easily sell. If you already own gold and it has grown beyond your band, trim back to target. If you are underweight, schedule purchases across several months. Small, consistent actions beat big, panicked swings. How to Fit Gold Into a Retirement Income Plan Retirement is about cash flow, not market guessing. Gold can support that goal by reducing the chance you sell stocks after a big drop. When stocks are down and gold is steady or up, you may have another source of value to tap, protecting principal and keeping your withdrawal plan on track. Consider a simple withdrawal hierarchy: keep an emergency cash bucket for near-term needs, use dividends and interest next, and if markets slide, harvest from assets that held up better—which may include your gold position. When markets recover, refill the bucket and rebalance. These rules keep you calm when others panic. They are not timid; they are disciplined. Do not forget taxes and account location. If you hold metals in a retirement account that allows them, distributions follow the account’s tax rules. In taxable accounts, track cost basis and holding period. Good paperwork avoids headaches later. Common Mistakes—and How to Avoid Them Going all in: You would not build a house from one material. Do not build a portfolio that way either. Chasing price spikes: Buying only after a big run sets you up for disappointment. Spread purchases. Ignoring total costs: Premiums, storage, and bid-ask spreads matter. Compare apples to apples. Confusing vehicles: Mining stocks are not gold. They can add punch—and they can punch back. Keep them small if you use them. No exit rules: Write a brief policy covering target allocation, allowed vehicles, rebalancing dates, and why you own gold at all. When the noise rises, read the policy and follow it. Quick FAQs About Gold Allocation Is more than 15% ever reasonable? Occasionally, but only with a clear reason, a short time horizon, or unusual concentration risk elsewhere. For most diversified investors, 15% should be the upper limit. How often should I rebalance? Pick dates in advance—say every June and December—or use bands around your target (for example, 10% plus or minus 2%). The method matters less than following it consistently. Should I include silver or other metals? Possibly, but keep your primary hedge simple. If you add other metals, track total precious metals exposure and ensure it still fits the allocation you set for gold’s role. Bringing It All Together Gold is not the hero of your portfolio—it is the shield. Give it a defined role and let it do that job. A 5, 10, 15 framework keeps you disciplined. Tilt based on your risk, timeline, and income. Choose vehicles that fit your temperament. Buy on a schedule, watch costs, store securely, and rebalance on time. None of this is complicated; it just requires follow-through. If you want clarity and confidence while protecting what you built, use gold as part of that plan—not as a gamble. When you ask, “How much should I invest in gold?” the disciplined answer is a range with rules you will actually follow. Stay steady, stay thoughtful, and keep your eye on the long game. You earned that peace of mind—and with a clear allocation, you keep it. The post How Much Should I Invest in Gold? first appeared on American Bullion.

Prominent market analyst Egrag Crypto is predicting an altseason of substantial magnitude following recent developments on the Bitcoin Dominance (BTC.D) chart. This latest technical commentary adds to the continuous list of speculations on the time and fashion of a rather peculiar and highly anticipated altseason. Here Comes The Mother Of All Altseasons – Analyst The nature of any potential altseason in the present market cycle has been a consistent debate over the past few months. While some analysts initially hinted at zero possibility of an altcoin market run, citing their increased volume over the past four years, others resisted this notion, rather pushing an idea of selective coin performances based on community, market capitalization, and utility. In Egrag Crypto’s viewpoint, the incoming altcoin rally may present a parabolic price rally with colossal returns for investors, based on events on the BTC.D weekly charts. For perspective, the altseason is a period in the crypto bull run during which altcoins generally record a greater price performance than Bitcoin. It is typically indicated by a decline in Bitcoin Dominance, i.e, market share in the crypto market. According to Egrag Crypto, the BTC.D has recently closed below the 21-week Exponential Moving Average (EMA), a level that has historically preceded steep declines in dominance. Specifically, Bitcoin dominance has fallen by 47.86%, 42%, and 42.17% in the last three separate instances of this event. On average, these breakdowns led to a drop of roughly 43.34%. If history repeats, Bitcoin dominance could decline to around 35%. Interestingly, the market expert also notes that this target also coincides with the lower boundary of a linear regression channel on a logarithmic scale, reinforcing the technical outlook. Therefore, this setup indicates that altcoins could exceedingly outperform in what Egrag Crypto describes as “The Mother of All Altseasons”. Altcoins Set To Soar In other developments, a fellow market analyst with the username Titan of Crypto is tipping the altseason to soon commence after recent price movement on the Ethereum-to-Bitcoin (ETH/BTC) monthly chart. After a prolonged downtrend, ETH/BTC has broken above its resistance trendline, marking a potential shift in market momentum. Historically, ETH/BTC breakouts have often preceded strong altcoin rallies, as Ethereum’s relative strength against Bitcoin usually encourages capital rotation into the broader altcoin market. With this breakout confirmed, the long-anticipated altseason could finally be unfolding. At press time, the total altcoin market is valued at $1.64 trillion, representing 41.6% of the total crypto market cap.

In Africa crypto news this week, the Nigerian financial enforcement agency is partnering with blockchain analysis platform Chainalysis to combat fraud. In Kenya, Honeycoin has raised $4.9 million to boost its crypto and fiat payments network. Meanwhile, in South Africa, the finance minister said there are plans to release a crypto framework by the end of the year. The Bank of Ghana is also joining hands with the University of Ghana to promote financial innovation and develop policy. On the continental level, the IMF has found that stablecoin usage in Africa accounts for approximately 6.7% of the continent’s GDP. Let’s look at crypto stories making continental headlines this week: Nigeria Crypto News: SEC Partners with Chainalysis to Combat Fraud The Nigerian Securities and Exchange Commission (SEC) has joined hands with blockchain platform Chainalysis to combat crypto fraud within the country. SEC Director General Emomotimi Agama confirmed the partnership at an event titled “Combating Scams with Blockchain Intelligence.” Chainalysis is renowned for its blockchain analytics services and serves as a tracking tool for fraudulent schemes. Nigeria is taking steps to collaborate with the blockchain industry after a tumultuous relationship over the past two years. This partnership signals that the country is keen to create an environment for crypto to thrive. At the same time, it looks at protecting consumers from fraud concerns that have emerged recently. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 South Africa Crypto News: Central Bank to Publish Crypto Regulatory Framework South Africa’s Finance Minister, Enoch Godongwana, has revealed plans for the South African Reserve Bank (SARB) to publish a regulatory framework this year covering BTC ▼-0.67% and crypto businesses. BitcoinPriceMarket CapBTC$2.29T24h7d30d1yAll time According to Godongwana, the framework will guide crypto service providers in the country, detailing conditions, reporting, and administrative requirements, among others. The framework aims to seal loopholes and curb illicit fund flows into crypto, which crypto businesses can facilitate on behalf of clients, some of whom are investors in some of the best cryptos to buy. Progress has been made since December 2022. The finance minister noted that crypto service providers in South Africa have been classified as accountable institutions under the Financial Intelligence Centre Act (FICA) and are subject to AML rules. DISCOVER: Top Solana Meme Coins to Buy in 2025 Kenya Crypto News: Honeycoin Raises $4.9 Million for Stablecoin Operations Kenya-based crypto startup Honeycoin has raised $4.9 million in a seed funding round to accelerate the growth of its stablecoin-compatible payment platform. Honeycoin, launched in 2020 by David Nandwa, has carved a niche in merging fiat rails with blockchain infrastructure. The platform has grown significantly, processing over $100 million in transaction volume monthly. It has also expanded to over 40 countries. Speaking on the new funding, Nandwa reiterated the company’s mission: “Our mission is to build the operating system for money, how it’s moved, held, and collected, regardless of medium or geography. Just as Apple redefined computing and Visa transformed global commerce, we believe financial infrastructure is undergoing another once-in-a-generation shift.” The funding round was led by Flourish Ventures, with participation from Visa Ventures and TLcom Capital. Honeycoin anticipates that the capital injection will enable rapid scaling and full harnessing of regional blockchain potential. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Ghana Crypto News: University of Ghana Partners with Central Bank The Bank of Ghana (BoG) has partnered with the University of Ghana to strengthen economic research, financial innovation, and policy formulation. In a press release, the central bank announced it will establish a Chair in Finance and Economics to advance the objectives of this partnership. Professor Yegandi Alagidede currently holds the Bank of Ghana Chair in Finance and Economics. Dr. Johnson Asiama, the Governor of the central bank, said the chair will be key in shaping the country’s financial infrastructure. Moreover, the chair will fast-track the bridging of policy and academia gap, and mentoring future policymakers and economists. This partnership will also focus on developing the e-Cedi, a central bank digital currency (CBDC) whose pilot was launched as part of the Digital Ghana Agenda. DISCOVER: 20+ Next Crypto to Explode in 2025 Africa Crypto News: Stablecoin Flows in Africa Hit 6.7% of GDP Per IMF The International Monetary Fund (IMF) has found that stablecoin flows in Africa reached 6.7% of the continent’s GDP in 2024. This figure represents one of the highest regional ratios globally, though the continent lags behind North America and Asia in total volumes. (Source: IMF) The IMF reported that Africa and the Middle East accounted for $200 billion in stablecoin transactions in 2024. USDT and USDC remain the preferred stablecoins. This choice is largely due to their established reputation and ties to the USD, the de facto global reserve currency. These numbers highlight a continent punching above its weight in the crypto sector. Despite lagging in general economic indicators, Africa’s crypto usage is accelerating. Most importantly, more people are exploring some of the best meme coin ICOs. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Africa Crypto News: Nigeria Chainalysis Deal, South Africa Framework Nigeria crypto news: The SEC is joining hands with Chainalysis to combat crypto fraud South Africa crypto news: Central bank, SARB, to release a crypto framework in 2025 Ghana crypto news: University of Ghana partners with central bank for financial innovation Africa crypto news: Stablecoin transactions hit 6.7% of continent’s GDP in 2024 The post Africa Crypto News Week in Review: Nigeria Partners with Chainalysis, South Africa to Release Crypto Framework, as Stablecoin Adoption Rises appeared first on 99Bitcoins.

The Asian crypto landscape is in constant motion, especially with the recent downturn that BTC and ETH experienced. Amidst all this, massive regulatory changes are underway in the Asian crypto sector. Here is what transpired. India’s Crypto Tax Talks Add Momentum To Asian Crypto Policy Reforms The Central Board of Direct Taxes (CBDT), India’s direct tax authority, has reportedly consulted domestic crypto platforms regarding its current virtual digital asset (VDA) framework, according to a local report published on 18 August 2025. Industry insiders revealed that the CBDT questioned the effectiveness of the current taxation system on crypto and sought input on whether they require a standalone legal regime. The focus seems to be on the 1% tax that authorities deduct at source (TDS) on crypto trades, the restrictions on loss offsetting, and the ambiguity around offshore transactions. The CBDT further requested inputs regarding the shortlisting of government agencies that would oversee the development of the new crypto framework. The sanctioned firms include Grinex and Meer, which analysts believe are successors to Russia’s sanctioned firm Garantex. While the country has aggressively expanded its crypto sector, issuing over 100 VASP (Virtual Asset Service Provider) licenses and appointing Binance’s founder Changpeng Zhao as an adviser, Western officials and blockchain analytics firms like TRM Labs believe that criminals increasingly utilise Kyrgyz platforms to funnel illegal funds back to Moscow. Furthermore, authorities believe that the perpetrators often transfer the illegal funds back using the same infrastructure and personnel as previous sanctioned entities EXPLORE: 20+ Next Crypto to Explode in 2025 Key Takeaways India consults industry insiders to reform its crypto tax policies Kyrgyzstan has pushed back against sanctions levied on its crypto platforms by the UK Japan is set to launch its Yen-pegged stablecoin this fall Singapore’s DBS Bank will start tokenising structured notes on Ethereum for institutional players The post This Week In Crypto Asia: India’s Crypto Tax Reforms, Japan’s Stablecoin Push, And DBS’s Tokenization Drive appeared first on 99Bitcoins.

Ethereum has faced one of its most turbulent weeks in months, with sharp swings in price shaking both bulls and bears. Earlier in the week, ETH dipped below the $4,200 level, marking a local low that sparked concern among traders about deeper corrections. However, sentiment shifted quickly as Ethereum bounced back with remarkable strength, rallying throughout the week and eventually setting a new all-time high at $4,886 on Friday. This comeback reinforced Ethereum’s strong market structure and highlighted the resilience of buyers who continue to step in at critical support levels. Analysts point to institutional accumulation, declining supply on exchanges, and rising DeFi activity as key drivers behind Ethereum’s upward momentum. Despite heightened volatility, bulls appear to have regained control as the asset edges closer to uncharted territory. Top analyst Darkfost shared insights suggesting that Ethereum is now approaching its upper realized price band, a level often seen as a signal for profit-taking among seasoned investors. Historically, these upper bands have marked overheated conditions, but they also confirm robust strength in the market. The coming days will be pivotal as Ethereum tests whether it can sustain momentum and extend its breakout phase. Ethereum Approaches Overheated Territory According to top analyst Darkfost, Ethereum is now entering a critical stage as it flirts with its upper realized price band. The Realized Price Bands indicator is designed to provide a clear picture of where the market stands compared to investors’ realized cost basis. It does this by extrapolating upper and lower bands from Ethereum’s realized price. The lower, or blue band, offers insight into baseline valuations, often reflecting where long-term holders have historically accumulated. The red band, in contrast, signals moments when the price has moved into a strong positive deviation from the realized value. Seasoned investors frequently interpret this as a signal to take profits, as it often marks conditions where market sentiment is overheated. These phases can extend for weeks, allowing prices to remain elevated, but they have historically preceded more severe pullbacks or the beginning of broader bearish trends. Ethereum’s approach to this upper band is therefore significant. Darkfost emphasizes that while the indicator is simple in design, its ability to flag overheated market conditions has proven effective across multiple cycles. If ETH sustains its position near or above this band, it could indicate the start of a short-term overheated phase. Such phases often attract rapid speculative flows, which can push prices to new highs. However, once momentum fades, these same flows tend to unwind sharply, creating bear markets. For traders and investors, Ethereum’s test of the realized price bands could be a turning point, signaling whether the asset enters a prolonged bullish extension or prepares for a cyclical reset. Price Testing ATH Resistance Ethereum’s 4-hour chart shows a strong rebound from the $4,200 region, confirming that bulls defended a critical support zone. After a sharp correction earlier in the week, ETH surged aggressively and is now trading near $4,767. The breakout came with a steep rally that cleared both the 50-day and 100-day moving averages, turning them into immediate support levels. The price structure suggests renewed bullish momentum, especially after Ethereum printed a strong green candle that erased several days of losses in just hours. ETH is now consolidating above the 200-day moving average, a historically significant level that reinforces the bullish trend. If bulls maintain this level, Ethereum could retest its all-time high near $4,886 and potentially enter new price discovery. On the downside, immediate support sits around $4,400, marked by the 100-day moving average. A break below this level could open the way to $4,200 again, where bulls must defend to avoid a deeper retracement. The chart signals strength, with higher lows forming after each correction. Combined with strong fundamentals and institutional activity, ETH remains positioned for further upside, although volatility should be expected as it approaches record highs. Featured image from Dall-E, chart from TradingView

Ethereum (ETH) prices increased by over 7% in the past week, amid a general crypto market price bounce inspired by a heightened potential for US rate cuts in the coming months. The largest altcoin now trades within the $4,700 price region following a stiff rejection from $4,800. However, recent candle formation backs Ethereum’s potential to overcome this opposition, with the immediate major resistance level tipped to still lie far ahead. Ethereum Eyes $5,400 Following Bull Flag Breakout In an X post on August 23, a popular market analyst with the username Titan of Crypto shares a technical insight on the ETH market, highlighting the recent breakout from a bull flag formation. This development indicates that buyers are presently taking charge of the market, signaling a high potential for a sustained uptrend in the short term. For context, the bull flag represents a classic continuation pattern in trading. It starts with a flagpole, i.e., an initial strong price surge as observed in early August when ETH prices moved by 41% from $3,400 to near $4,800. This phase is followed by the flag, a market correction in the form of a descending consolidation channel seen between August 13 and August 23 in the chart below. In the flag phase, trading volume usually declines, indicating the pullback is not driven by strong selling pressure but rather by market indecision. This phase is generally interpreted as healthy consolidation and often signals accumulation, with the expectation that once the pause is complete, the price will break out upward to continue the bullish trend. Notably, Ethereum appeared to have re-ignited this upward trend, following its price breakout last Friday. The altcoin gained by over 14%, breaking out from the flag phase at $4,200 to trade around $4,800 before experiencing a slight retracement. However, the final leg of the classic bull flag usually represents a price surge of similar length to the flagpole starting from the point of breakout. Going by this precedent, Titan of Crypto expects Ethereum’s recent rally to persist, setting its next significant price target at $5,400, i.e, a 13.68% from the present market price. However, volatility remains a defining feature of the crypto market, with sharp pullbacks possible even in strong uptrends. In the ETH market, investors would want to cautiously monitor the $4,800 price region, which has twice served as an effective price resistance consecutively. Ethereum Price Overview At the time of writing, Ethereum trades at $4,782 after a 2.18% gain in the past 24 hours. Meanwhile, daily trading volume has crashed by 51.88% and is now valued at $33.08 billion.

According to crypto analyst Cas Abbé, Dogecoin’s current movement suggests it is stepping into a new expansion phase after an extended period of accumulation. This development comes after months of relatively muted sentiment with strong price support, which now appears to be forming the groundwork for another strong breakout. Notably, technical analysis of various charts tracking Dogecoin’s hash rate, CVDD levels, alpha pricing, and network stress index provides context to this technical outlook, which might see Dogecoin surge to new price highs. Signs Of An Expansion Phase In Dogecoin Taking to the social media platform X, crypto analyst Cas Abbé explained a few reasons as to why the Dogecoin price is about to enter into an expansion phase. The first being that Dogecoin has been trading inside a wide accumulation range in the past few months. This base has been at the $0.20 price level since the beginning of August. This type of prolonged base-building is mostly always known to precede sharp upward moves, as it reflects the gradual buildup of strong demand. Furthermore, the analyst noted that the current breakout attempts are backed by rising trading volume, which he interpreted as institutional accumulation. This is unlike past Dogecoin bull cycles, which were mostly based on retail hype. Technical momentum indicators such as the Relative Strength Index (RSI) are currently in a mid-range position, and this means that Dogecoin still has significant room to climb before hitting overbought conditions. Another factor is the Dogecoin mining hash rate chart. As shown in the image below, the hash rate has been rising massively since the beginning of 2025, showing that network strength has been steadily climbing even during price consolidations and declines. Historical Patterns Back Expansion Outlook One of Abbé’s key points is that Dogecoin’s price cycles have consistently followed a similar pattern of long sideways stretches followed by sudden vertical expansions. This cycle structure can be seen in the cumulative value days destroyed (CVDD) chart. As shown in the chart below, Dogecoin’s price action stayed well within its accumulation zones before breaking higher in 2018 and then in 2021. However, unlike the peaks in 2018 and 2021 where on-chain metrics were overheated, current conditions are calm, which shows more of genuine accumulation rather than profit-taking and distribution. The expansion phase is not about short-lived spikes but rather the start of a new directional trend that could redefine Dogecoin’s price structure. Although the analyst did not define a price target, technical analyses from other analysts point to price predictions that will take the Dogecoin price well above its 2021 peak of $0.7316 into the $1 threshold and beyond. A similar analysis by crypto analyst Javon Marks points to a Dogecoin price target of $1.25. At the time of writing, Dogecoin is trading at $0.237, up by 9.5% in the past 24 hours. Featured image from Unsplash, chart from TradingView

The cryptocurrency market roared back to life on Friday, August 22, after a positive speech from US Federal Reserve Chairman Jerome Powell, with the Ethereum price leading the top 10 largest assets in terms of performance. According to data from CoinGecko, the price of ETH increased by more than 14% on the day. After its initial struggles during the week, the Ethereum price finished by reclaiming and surpassing its former all-time high of $4,878, reached as far back as 2021. Interestingly, a prominent crypto founder has put forward an audacious prediction for the price of Ethereum over the next few months if it breaks its record high. What’s Next For ETH Price? In an August 22 post on social media platform X, Alphractal CEO and founder Joao Wedson shared an exciting prognosis for the Ethereum price in the coming months. According to the crypto expert, the second-largest cryptocurrency may be entering another fear-driven scenario before the start of a new re-accumulation phase if it doesn’t cross the former record high. Wedson revealed the possibility of algorithmic trading activity clustering around the $7,000 – $7,500 range, further strengthening the case for a reaccumulation stage. This pattern can be associated with cycle shifts where market makers absorb liquidity, suppress volatility, and set themselves up for the next round of major capital inflows. The Alphractal founder highlighted that the Ethereum price movements have coincided with the cyclical pattern of Bitcoin’s market dominance. As shown in previous fractal cycles, the price of ETH tends to absorb a significant share of Bitcoin’s capital flow, typically after 28 days of BTC price consolidation. Wedson revealed that the current market data suggests this pattern may be playing out again, increasing the chances of Ethereum price embarking on an extended rally over the next few months. It is worth noting that the price of ETH has reached a new all-time high, implying that the altcoin may not even witness the initial downside volatility before entering a new growth phase. The crypto expert, however, urged investors to do their due diligence, as the market data only looks at the typical behavior of Market Makers during cycle transitions. Ethereum Price At A Glance As of this writing, the price of ETH sits at around $4,716, reflecting an almost 9% increase in the past 24 hours. According to CoinGecko data, the altcoin is up by more than 11% in the last seven days.

XRP is now on the verge of being integrated into the backing of USDe, the $11.8-billion stablecoin issued by Ethena Labs. The company’s risk committee recently confirmed that XRP has passed all thresholds required under its newly launched Eligible Asset Framework, which puts it alongside BNB and HYPE as top candidates for onboarding. XRP’s massive liquidity, its market capitalization of over $181 billion, and daily trading volumes comfortably above $10 billion now see it ready to take on a new role in the USDe ecosystem. Ethena’s Eligible Asset Framework Ethena Labs, the company behind the USDe stablecoin, recently introduced the Eligible Asset Framework as a formalized system to expand the collateral options backing USDe. According to an announcement, the framework is based on specific thresholds that assets must meet before gaining approval. These thresholds include maintaining over $1 billion in average open interest across two weeks, daily spot trading volumes above $100 million, and perpetual futures volume exceeding $100 million per day. Liquidity requirements are also included, such as a spot order book depth of more than $500,000 and perpetual futures depth above $10 million on a two-week average. XRP has cleared all these requirements, which means that it is strong enough from a risk perspective to be considered as part of USDe’s perpetual futures collateral system. For years, XRP has maintained its status as one of the most liquid digital assets in the market. Its market capitalization, which is at $181.944 billion at the time of writing, has grown massively in the past year. This has seen it climbing in market cap ranks, and it is now sitting behind only Bitcoin and Ethereum. Beyond the numbers, XRP’s deep order books and global trading presence in exchanges in America, Europe, and Asia allow it to handle large transactions without disrupting price stability. This level of liquidity and depth makes XRP an ideal candidate for integration into USDe, which has already been minting hundreds of millions of dollars weekly. For instance, data shows that USDe mints were in excess of 670 million over the past week. What Does This Mean For XRP? According to Ethena, XRP, alongside HYPE, has only met all the thresholds and is a candidate for onboarding shortly. Only BNB has been approved as the first new eligible asset for the perpetual futures portion of the collateral backing of USDe. If Ethena formally onboards XRP for onboarding, it would become an important expansion of XRP’s utility. It might not be the update expected by XRP holders, but this development could open a new chapter in the cryptocurrency’s utility and adoption. Simultaneously, Ripple’s US dollar-pegged RLUSD, has had its own success in the stablecoin market. So far, RLUSD has crossed a market capitalization of approximately $680 million within its first seven months and continues to grow. Moreover, Ripple is extending RLUSD’s global presence by partnering with SBI VC Trade to bring it to the Japanese market by early 2026. At the time of writing, XRP is trading at $3.02, up by 6.5% in the past 24 hours. Featured image from Virtune, chart from TradingView

Sharing his daily technical outlook, CryptoWzrd noted in a recent post that Chainlink (LINK) ended the session bullish, hinting at the possibility of further upside. With LINKBTC rebounding from an extreme oversold zone, LINK could be gearing up for its next move upwards. Bullish Daily Close For Chainlink And LINKBTC CryptoWzrd, expanding on his latest analysis, explained that both Chainlink and LINKBTC closed the day with bullish daily candles, a sign that momentum could be building in favor of buyers. This positive structure on higher time frames indicates that sentiment may be shifting after recent corrective moves. According to the analyst, LINKBTC in particular needs to sustain this trend by printing additional bullish daily candles from its current position. Given that it has already bounced from an extreme oversold condition, the probability of follow-through strength remains elevated. A continued push from this zone could lay the foundation for further upside in LINK. With momentum gradually returning, CryptoWzrd suggested that Chainlink has the potential to challenge the $40 resistance in the coming days. On the way up, the analyst highlighted $30 as the next immediate resistance level. Based on current momentum, he believes this zone could be broken without much difficulty, provided bulls maintain their control. Meanwhile, on the downside, he pointed out $20 as the main daily support, a level that would need to hold to protect LINK’s broader bullish outlook. CryptoWzrd went on to note that his attention will remain on lower time frame chart setups tomorrow. By closely tracking intraday formations, he aims to identify quick scalp opportunities, while also keeping the broader daily structure in mind as Chainlink attempts to strengthen its bullish case. Jackson Hole Sparks Heavy Volatility On LINK Charts Giving his final verdict, CryptoWzrd highlighted that the intraday chart displayed extreme volatility, largely influenced by market reactions during the Jackson Hole Symposium. The sudden swings highlighted how sensitive the market has become to macroeconomic cues, leaving traders on high alert for short-term opportunities. According to his analysis, a potential pullback below $26.50 followed by a bullish reversal would provide a strong long setup, with targets extending toward $31 and possibly higher. However, CryptoWzrd cautioned that if Chainlink holds below the $26.50 mark without showing signs of recovery, the market could slip into more sideways volatility. Such conditions often frustrate traders, as momentum fades and clear directional setups become harder to identify. With the weekend approaching, the analyst’s expectations remain balanced and rational, acknowledging that lower liquidity conditions could also impact price movements.

The Ethereum price outlook is heating up as market optimism collides with shifting monetary policy signals. BitMEX co-founder Arthur Hayes has projected that Ethereum could surge to $20,000, citing strengthening market dynamics and favorable macro conditions. The bold forecast comes just as Federal Reserve Chair Jerome Powell adopts a more dovish tone, indicating a possibility of future rate cuts. Ethereum Price Projected To Hit Five Figures Hayes has issued a bold Ethereum price forecast, predicting that the second-largest cryptocurrency could soar as high as $10,000 or even $20,000 before the end of the cycle. In a recent interview, the BitMEX co-founder dismissed the notion that Ethereum would need to retest the $3,000 level before making a move toward new highs, pointing instead to its previous rally above $4,000. Notably, Ethereum successfully confirmed support at $4,109 after a sharp surge earlier this month. As a result, crypto analysts like Donald Dean project that ETH could climb to $4,867—or even set a new all-time high near $5,706. As for Hayes, he revealed that he has already re-entered the market, buying back Ethereum after previously taking profits when the asset broke above $4,000. The BitMEX founder emphasized that once Ethereum clears its prior peak, the path upward would resemble “a gap of air,” with limited resistance until significantly higher valuations. This conviction, he argued, is reinforced by the fact that crypto-native firms are actively raising capital to allocate into ETH. According to Hayes, the ability of these firms to secure funding will only increase if Ethereum breaks into uncharted price territory. His projection of a $10,000 to $20,000 price point is also tied to the political and economic backdrop in the US. The BitMEX co-founder suggested that any digital asset supported by US President Donald Trump would likely benefit from massive speculative inflows, thereby boosting the broader market. When asked which cryptocurrency he would primarily invest in between Ethereum and Solana, Hayes responded that both digital assets would appreciate during the bull run. However, he revealed that he was more partial to Ethereum, highlighting that the scale of capital chasing ETH made it a more attractive bet. Powell Speech Signals Softer Fed Policy Shift While speculations about Ethereum’s next price target, US monetary policy appears to be entering a pivotal phase. Recent reports following the Fed Chair’s speech at Jackson Hole indicate that Powell may be hinting at the possibility of a rate cut. During his speech, Powell highlighted the shifting balance of risks, acknowledging that while inflationary pressures persist, the slowdown in employment growth requires careful consideration. He further pointed to the effects of higher tariffs, which are beginning to show up in consumer prices, with core PCE inflation rising to 2.9% in July—a 10% increase from the previous month. The Fed chair also reiterated that with policy already in restrictive territory, the central bank can “proceed carefully.” Nevertheless, his comments left the door open for an adjustment in stance, with markets widely interpreting them as laying the groundwork for a rate cut at the upcoming FOMC meeting. Featured image from Unsplash, chart from TradingView

The price of Bitcoin has struggled to make any real headway since reaching the former all-time high around $123,800 in mid-July. While the premier cryptocurrency set a new record-high price at around $124,120, it never really looked certain to go on a fresh bullish run. Over the past week, the market leader succumbed to severe bearish pressure, falling briefly beneath the $112,000 level on Thursday, August 21. However, the Bitcoin price—and the rest of the market—reacted positively to the speech of the US Federal Reserve (Fed) Chairman Jerome Powell on Friday, August 22. A prominent on-chain analyst on the X platform has identified a price level that could be crucial to Bitcoin resuming its bullish trend. What Does A Return Above $118,000 Mean For BTC? In an August 23 post on social media platform X, crypto analyst Ali Martinez pinpointed $118,000 as the most important level for Bitcoin’s next course of action. According to the online pundit, the price of BTC needs to quickly reclaim this price level in order to return to its bullish tracks. This relevant indicator here is the Glassnode MVRV (Market Value to Realized Value) Momentum indicator, which helps in identifying macro market trends. This metric consists of the MVRV ratio and the 70-day simple moving average (SMA). When the MVRV ratio breaks above this 70-day SMA, it indicates a transition into the bull market. Meanwhile, a break below the simple moving average signals a shift to the bearish phase. Typically, strong breaks above the MVRV 70-day moving average imply that large volumes of Bitcoin were purchased below the current price, showing that the holders are now in profit (light area in the highlighted chart). On the other hand, a strong breach below the moving average suggests that large volumes of BTC were acquired above the current price, with the holders in the red (shaded area in the chart below). As observed in the chart above and highlighted by Martinez, the Bitcoin price is witnessing a trend shift at the moment. The crypto analyst then suggested that the 70-day SMA is currently around the $118,000 region, with the MVRV ratio needing to break above the moving average for Bitcoin to return to bullish momentum. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $116,217, reflecting an over 2% increase in the past 24 hours. However, the flagship cryptocurrency is still down by more than 1% on the weekly timeframe.

XRP Open interest on the CME Group has reached a new all-time high (ATH), presenting a bullish outlook for the altcoin. This further underscores the massive demand for XRP exposure among institutional investors, which could serve as a catalyst for higher prices. CME XRP Futures Open Interest Hit News ATH In an X post, the CME Group revealed that the XRP futures have hit an all-time high in open interest with over 6,000 contracts on August 18, just before their three-month anniversary. The derivatives platform further remarked that this development is a clear sign of growing conviction in the market. Since launching in May, these CME XRP futures have seen over 251,000 contracts traded, a trading volume of $9.02 billion, and $12 million in their XRP equivalent. In July, these XRP futures set a record of $235 million traded in just one day. These futures products have enjoyed massive demand since they launched, underscoring the huge interest in the altcoin among traditional finance (TradFi) investors. This is bullish for the XRP price, considering that activity in the derivatives market also impacts price action. Meanwhile, Coinglass data also shows that traders are currently betting heavily on XRP in the derivatives market. The altcoin’s trading volume has surged over 142% to $16.46 billion. Open interest has surged 8% to $8 billion. Furthermore, the record highs in the CME XRP futures open interest indicate that the spot XRP ETFs will record massive demand among TradFi investors once they launch. The absence of a spot XRP fund for now has meant that these investors have to invest in the futures products and ETFs to gain exposure to the altcoin. The prospective XRP ETF issuers recently amended the S-1 for their respective funds, which market expert Nate Geraci described as a “very good sign.” The Altcoin Eyes Rebounds As Buyers Step In In an X post, crypto analyst CasiTrades stated that buyers have stepped in and that the next stop for the altcoin is $3.21. The analyst remarked that bullish momentum came across the market just as the XRP price dipped below the consolidation pattern. With this, she indicated that the altcoin is unlikely to retest $2.77 before it continues its uptrend. CasiTrades stated that the short-term path points to $3.21 as the next major resistance and not the previous $3.41 resistance target. She declared that the current momentum is very strong and expects only a brief pause at that resistance before the altcoin rallies higher. The analyst noted that the brief pause could lead to a retest of the top of the consolidation near $3.168. At the time of writing, the XRP price is trading at around $3.02, up over 5% in the last 24 hours, according to data from CoinMarketCap.

Prominent analytics firm Glassnode has shared new on-chain insights into the Bitcoin market, pointing to the next major support zone amid a euphoric market mood on Friday. The world’s leading cryptocurrency briefly surged to above $117,000 after comments from US Federal Reserve Chairman Jerome Powell signaled a possible shift away from the central bank’s long-standing hawkish stance. Bitcoin’s Crucial Defense Level At $104,000–$108,000: Data In an X post on August 22, Glassnode explains that Bitcoin’s UTXO Realized Price Distribution (URPD) suggests the $104,000–$108,000 range has emerged as a critical support zone, backed by significant investor activity. Notably, more than 1.15 million BTC were accumulated within this price band over the past year, creating a dense cluster of realized prices that may act as a strong floor for the market. For context, the URPD model tracks the distribution of Bitcoin’s supply across different price levels, effectively highlighting where coins last changed hands. Heavy accumulation within a narrow range often translates into robust support, as holders who bought at those levels are less likely to sell at a loss. Currently, Bitcoin is trading near $116,000 after a slight retracement following the price rebound on Friday. In the event of a further correction, prices are likely to retest the $104,000–$108,000 range, which currently holds the largest cluster of realized prices below the present spot market price, underscoring the importance of this support zone in the short-term outlook. Powell’s Policy Shift Drives $300 Million To Bitcoin Futures Market In other developments, CryptoQuant analyst Darkfost reported a sharp surge in Bitcoin derivatives activity after Federal Reserve Chairman Jerome Powell hinted at a potential shift in monetary policy during his speech at the Jackson Hole Economic Symposium in Wyoming. Powell suggested that the Fed may be preparing to adjust its stance, citing the economy’s baseline outlook and evolving risk dynamics. The Fed Chair said: Our policy rate is now 100 basis points closer to neutral than it was a year ago, and the stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance. Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance. Within 15 minutes of this speech, Darkfost noted that nearly $300 million flowed into Bitcoin futures products, pushing Binance’s BTC Open Interest to about $13.3 billion. The spike reflects investors’ positioning for potential interest rate cuts at the upcoming FOMC meeting in September after Powell’s hint of potential easing of the Fed’s monetary policy. At press time, Bitcoin trades at $115,850, reflecting a price gain of 2.25% in the past 24 hours despite recent gains.

The world’s largest asset manager, BlackRock, has notably been on a Bitcoin selling spree throughout this week, triggering a wave of sell-offs in the process. These sales have occurred due to the outflows that the asset manager has witnessed from its BTC ETF. BlackRock Dumps Around $500 Million In Bitcoin Arkham data shows that BlackRock has offloaded around $500 million in Bitcoin this week, with transfers to Coinbase, a move that indicates a move to sell these coins. The asset manager has sold these coins following outflows from its iShares Bitcoin ETF, which was the norm throughout this week. SoSo Value data shows that BlackRock’s Bitcoin ETF first recorded a daily net outflow of $68.72 million on August 18. The fund then further saw net outflows of $220 million, $127.49 million, and $198.81 million on August 20, 21, and 22, respectively. Notably, the iShares Bitcoin ETF has accounted for most of the outflows, with the BTC ETFs as a group currently on a six-day streak of consecutive net outflows. These Bitcoin ETFs have seen total net outflows of almost $1.2 billion since August 15. Meanwhile, in just this week alone, over $1.1 billion has left these funds, sparking a bearish sentiment for the BTC price. Given BlackRock’s position as a major player in the Bitcoin ecosystem, outflows from its fund had sparked a wave of sell-offs. This led to a massive decline for the flagship crypto earlier in the week. The Bitcoin price had dropped to as low as $112,000 this week as BlackRock and other BTC investors took profit on their investments. This followed the flagship crypto’s rally to a new all-time high (ATH) of $124,000 last week. However, BTC has now sharply rebounded on the back of Jerome Powell’s Jackson Hole speech, in which he indicated that a rate cut might happen in September. An End To The BTC ETF Outflow Streak Notably, Powell’s speech was enough to spark fresh inflows into the Bitcoin ETFs on August 22, with BlackRock the only fund manager that recorded a net outflow on the day. Further data from SoSo Value shows that Cathie Wood’s Ark Invest recorded a daily inflow of $65.47 million, the most among the issuers on the day. Meanwhile, Fidelity, Van Eck, Franklin Templeton, Bitwise, and Grayscale recorded inflows of $50.88 million, $26.41 million, $13.51 million, $12.70 million, and $6.42 million, respectively. However, BlackRock recorded an outflow of $198.81 million, which led to a daily net outflow of $23.15 million for the funds as a group. With the Bitcoin price rebounding, these funds, including BlackRock’s IBIT, could return to witnessing significant daily inflows from next week. At the time of writing, the Bitcoin price is trading at around $115,900, up over 2% in the last 24 hours, according to data from CoinMarketCap.