Redator

The market was caught leaning the wrong way. Anticipation that Federal Reserve Governor Powell was going to push against speculation of a September rate cut had underpinned the US dollar and short-term rates. The S&P 500 had sold off for five consecutive sessions, the longest losing streak of the year through August 21. Powell said two things that spurred a rally in US financial assets and triggered a sharp and broad dollar sell-off. The Fed Chair said that the "situation suggests downside risks to employment are rising" and that the "shifting balance of risks may warrant adjusting policy." Moreover, we note that the early forecasts point to another poor employment report, due September 5. The median forecast in Bloomberg's survey is for nonfarm payrolls to rise by 83k (73k in July) and for the unemployment rise to 4.3% from 4.2%. As August winds down, and ahead of a long US (and Canadian) holiday weekend, the high frequency economic data does not appear to have the gravitas to substantially impact policy views. The price action itself is the story. The price action ahead of the week confirms the dollar's sensitivity to changes in interest rates, contrary to the conventional wisdom (e.g., here). The US needs to offer investors higher interest rates to support the dollar and policy rates are headed in the opposite direction. The policy divergence between the Fed and most other G10 central banks (leaving aside the BOJ) is likely to widen in a direction that will likely continue to weigh on the dollar. Nor does President Trump's threat to fire Fed Governor Cook if she does not resign does not set well with the market that sees it as another attempt to encroach on the independence of the central bank. In this context, Governor Waller's offer of strong defense of the Fed's independence may diminish his chances of becoming chair, while the likelihood of Powell remaining on the board as governor after his term as chair ends (May 2026) appears to have increased. US Drivers: The key to the dollar's rally in July and its heavier tone this month is the shift in US interest rates and Fed expectations. Consider that the 10-year Treasury yield rose nearly 15 bp in July and gave is off a dozen basis points this month. The two-year yield rose almost 24 bp in July and is off around 25 bp here in August. The implied year-end effective Fed funds rate (weighted average) rose 33 bp in July and is also about 22 bp lower this month. Fed Chair Powell acknowledged that the "shifting balance of risks may warrant adjusting policy" and warned that "downside risks to employment" may be rising. Data: There are economic reports nearly every day this week, but they do not appear to have the heft to significantly change the market's conviction that the Federal Reserve will resume unwinding the restrictiveness of the current monetary setting. Fed officials have eschewed survey data. The decline of Boeing orders (303 in May, 116 in June, and 31 in July) set the stage for the second consecutive decline in durable orders and the third in four months. Excluding aircraft and defense orders, core capital goods orders fell by an average of 0.1% in Q2, the first negative quarter in a year. Personal income and consumption remain firm and may have advanced sequentially, though when adjusted for inflation, personal consumption expenditures were flat in H1 after rising 2.4% in H2 24 and 1.2% in H1 24. The data in the CPI and PPI allow economists to have a good handle on the PCE deflator, which the Fed targets. A 0.3% rise in both the headline and core deflators will, depending on the rounding, lift the year rates to 2.7%-2.8% and 2.9%-3.0%, respectively. The question is not whether the tariffs will boost prices but whether the price pressure will be sustained. Prices: In broad terms, after falling for the first six months of the year, the dollar recovered in July. It gave some portion back in the first part of August and traded firmer last week, helped by the backing up of US interest rates, until Powell's speech at Jackson Hole. The high for the week was recorded before the weekend near 98.85 before reversing sharply and settled below the previous day's range (~98.20) for a bearish outside down day. The break of the 97.80 area may be an early warning of the risk of a return to the July 1 low that was slightly below 96.40. EMU Drivers: The euro is supported by the fact at it is a liquid and deep alternative to the US dollar. The two-year interest rate discount for holding euros has diminished. The market has turned more dovish the Fed and continues to pare its dovish ECB wagers. The year-end deposit rate, projected by the overnight swaps market is above near 1.85%, the highest since the end of Q1. Data: Eurozone data is largely limited to the M3 and the associated lending figures, for which the market is not particularly sensitive to, and the ECB's survey of inflation expectations. The one-year expectation was at 2.6% in June and the three-year expectation was at 2.4%. They were at 2.8% and 2.4% respectively in July 2024. The eurozone's July CPI was 2.0% higher year-over-year. Prices: After correcting lower in July (to slightly below $1.14), the euro recovered in the first half of August and reached $1.1730 on August 13. On the back of higher US rates, the dollar recovered broadly and sent the euro through the (38.2%) retracement of the gains in the first part of the month found near $1.1600. The low for the week, recorded before the weekend, was slightly below $1.1585, but Powell's apparent endorsement of a September rate cut sent the euro to a new high for the month (a little above $1.1740). It settled above the previous session high (~$1.1665), forging a bullish outside up day. The trendline connecting the July highs comes in near $1.1740 on Monday. The $1.1800-30 is the next important technical area. Our call for $1.20 before the end of the year may still prove to be conservative. PRC Drivers: Officials are determined to keep the yuan broadly stable against the US dollar. It is accepting minor appreciation. Many foreign observers focus on the large trade surplus and argue for a re-valuation of the yuan. As we have noted, the relationship between trade and foreign exchange levels is not simple. Japan, we have noted, records a trade deficit, while by most metrics, the yen is undervalued. Switzerland, which according to the OECD's model of purchasing power parity, is the only G10 currency that is overvalued relative to the dollar, reported trade surplus in H1 25 that was more than a third larger than H1 24, which itself was about 19% greater than the surplus in H1 23. On the other hand, with deflationary forces still gripping the economy, currency appreciation and the implication of tighter financial conditions is not the traditional economic prescription. Data: The yuan, closely managed, does not appear to be sensitive to high frequency data. Still, the only data point of note is the July industrial profits. In June, industrial profits fell 4.3% year-over-year, offsetting the 4.1% gain reported in 2024. In June 2023, industrial profits 8.3% lower year-over-year. This seems to stem from China's over-investment and the competition for market share rather than profits. Beijing recognizes this and has launched a campaign to check it. Prices: Even as the PBOC has gradually lowered the dollar's reference rate, the greenback has not continued to fall. It bottomed a month ago, slightly below CNY7.15. The greenback fell to a new low for the month before the weekend slightly near CNY7.1635. The US dollar posted its lowest close against the offshore yuan in nearly a month before the weekend (~CNH7.1715). Japan Drivers: The yen's exchange rate remains highly sensitive to changes in US interest rates. Consider that over the past 30-day, the correlation of the changes in the exchange rate and the US two-year yield is ~0.80, while the correlation with the two-year JGB is near zero and has fluctuated with year between -0.40 in March to a little more than 0.35 in early June. The correlation between changes in the two-year yield differential and the exchange rate is slightly below the correlation with the US two-year. The correlation with the 10-year yield tells a similar story. The rolling 30-day day correlation of changes in the exchange rate and the 10-year Treasury yield is near 0.75, while the correlation with the 10-year JGB is slightly inverted. Data: The Q2 GDP was stronger than expected at 1.0% at an annualized rate and Q1 GDP was revised to 0.6% from -0.2%. The July industrial production, employment, and retail sales figures are due at the end of the coming week. It will show the kind of momentum at the start of Q3. While retail sales look firm, industrial output may have contracted. However, more important for the Bank of Japan may be the signal from the Tokyo CPI, which offers important insight into the national figure that will be reported in several weeks. All the key measures are expected to have softened. Ahead of the data, the swaps market has almost 20 bp of tightening discounted for this year. The risk of a move next month is seen as minor, which leaves two meetings. The swaps market is pricing about a 50% chance of a quarter-point hike in October and nearly 80% chance of a hike before the end of the year. Prices: The dollar rose to almost JPY148.80 area at the end of last week. It was the highest level since August 1 and was above the (50%) retracement of this month's losses (~JPY148.55). Yet, Powell's apparent endorsement of September rate cut saw US rates and the dollar tumble. The dollar reversed lower and fell slightly below JPY146.60, which was a new low for the week. The poor settlement was the lowest since July 23. The lower end of the range is around JPY146, and the greenback has not traded below it since July 4. The trendline connecting the April and July lows comes in near JPY144.85 on Monday and almost JPY145.10 at the end of the week. UK Drivers: The broad direction of the dollar, reflected in the Dollar Index, is a key factor in sterling's exchange rate. The 30-day correlation of the changes in the two is nearly 0.80. The correlation with changes in the euro is a little less (~0.76). Here too, we see the exchange rate more sensitive (higher correlation) with US rates than UK rates. To wit: the 30-day correlation of changes in the exchange rate and the two-year US yield is almost -0.50, while the correlation with the two-year Gilt is barely positive. The correlation with the two-year rate differential (UK-US) is almost -0.25. Data: It is a light week for UK macro data. The BRC August shop price index and the CBI retail reports typically do not inspire trading. Prices: Sterling overshot the (61.8%) retracement of last month's slide, reaching almost $1.3600 on August 14. It subsequently traded lower and reached almost $1.3390 ahead of the weekend before Powell's comments saw it scream higher. Sterling rose to almost $1.3545 to approach the week's high set on Monday slightly above $1.3565. Sterling looks poised to re-test $1.3600. A move above there will set sights on the July 1 high near $1.3790 but there may be potential toward $1.40 in the coming months. Canada Drivers: The Canadian dollar remains sensitive to the US dollar's broad direction. The 30-day correlation of changes in the US dollar against the Canadian dollar and the Dollar Index is a little above 0.75. This has not been above 0.80 in more than a year. In early February, the correlation was near an 18-month low around 0.20. The exchange rate's sensitivity to changes in the US S&P 500, we have used as a metric for risk appetites, has slackened. The 30-day correlation was near -0.50 at the start of the year and was almost +0.45 in early June and is slightly positive now. The 100-day rolling correlation is -0.15, which is the least inverse correlation since early 2018. Data: The monthly GDP shows the Canadian economy contracted by 0.1% in April and May, after growing by a monthly average of 0.13% in Q1. The median forecast in Bloomberg's survey anticipates 0.1% expansion in June, while projecting a 0.3%-0.5% annualized contraction in Q2 (two different surveys) after 2.2% growth in Q1 25. The economy is seen doing slightly better than stagnating in Q3. Prices: The Canadian dollar does not fit the general pattern we have seen in the other currencies. It weakened to three-month lows, and even the stronger than expected retail sales (ex-autos, up 1.9%, after three consecutive monthly declines) were unable to stem the rot. The US dollar's low for the year was set in mid-June near CAD1.3540. Higher lows were set in early and late July. The greenback took out the August 1 high (~CAD1.3880) last week and rose through CAD1.3900, reaching CAD1.3925 before the weekend. The Canadian dollar showed little reaction to the stronger than expected retail sales (1.9% excluding autos, well above expectations and more than offset the outright decline of the previous three months). But then Powell spoke, and the greenback was sold to a three-day low near CAD1.3810. As often is the case in a weak US dollar environment, the Canadian dollar under-performed. Its 0.70% gain against the dollar was the least among the G10 currencies. Australia Drivers: The correlation between changes in the Australian dollar and Dollar Index over the past 30 sessions is a little more than -0.80, the most extreme in a year. The 100-day correlation is near -0.60, which is around the middle this year's range. Over the past 30 sessions, the correlation with the changes in the Canadian dollar is about -0.80, near the most extreme since March. Data: There are two highlights this week. The first is the record from this month's central bank meeting that resulted in a quarter-point rate cut. The impact may be most acute on the expectations for next month's meeting. The futures market has about a 1-in-3 chance of a cut on September 30, but another cut fully discounted by the end the year. The market sees the cash target slightly below 3.0% (from 3.6% currently), which currently projected to be the terminal rate. Prices: The Australian dollar, like Canadian dollar, was sold fell to a new low for the month last week near $0.6415. It recovered smartly in response to Powell's comments and briefly poked above $0.6500. In one fell swoop, it retraced more than half of its losses since this month's high set August 14 (~$0.6570) and approached the (61.8%) retracement near $0.6510. The (50%) retracement of the decline since the year's high was recorded (July 24 ~$0.6625) is near $0.6520, with the (61.8%) retracement close to $0.6545. Mexico Drivers: The broad decline in the dollar has lifted emerging market currencies. The JP Morgan Emerging Market Currency Index is up about 6.75% so far this year, while the MSCI version has risen by around 6.0% this year. The Mexican peso has appreciated by around 11.3%. This puts it in seventh place among the best performing emerging market currencies this year. Central European currencies, including the Russian ruble account for five of the best and the Brazilian real nearly 13% gain this year puts in the top four. Data: Mexico reports July's trade balance. In the first six months of the year, Mexico recorded a $1.4 bln surplus. In H1 24, Mexico had a trade deficit of $10.9 bln and a $6.98 bln deficit in H1 23. The last time that Mexico had a surplus in the first six months of the year was in 2021 (~$1.37 bln). Exports have risen by almost 4.4% and imports have risen by nearly 1.8%. July unemployment is also due. It averaged 2.66% in Q2, the highest quarterly average since Q3 24. It stood at almost 2.70% in June, up from 2.43% at the end of 2024 but down slightly from last June's 2.78% unemployment rate. The central bank's inflation report is also due. New economic forecasts will be presented. The current target rate is 7.75% and the swaps market has two more quarter point cuts discounted. The risk is on the downside, assuming the US growth slows, and the Fed's rate cuts resume. Prices: The dollar had been coiling in a narrow range set on Monday (~MXN18.7120-MXN18.8675) and broke down before the weekend to nearly MXN18.57. The MXN18.50 area must go to be anything of technical significance. The broad sideways movement puts the momentum traders and trend followers as a disadvantage. The carry for dollar-based investors is important. Consider that so far here in Q3 the peso has risen by about 0.85%, the third best among emerging market currencies, but with the carry (interest rate pick up), the peso has returned a little more than 2% to dollar-based investors. Among emerging market currencies, Latam currencies count for three of four of the top six total returns among here in Q3 (Colombian peso ~3.55%, Turkish lira ~3.0%, South African rand ~2.60%, Brazilian real ~2.3%, Mexican peso ~2.05%, and the Peruvian sol ~1.60%). Disclaimer

Market analyst Barri C has laid out what he believes will be the emotional journey of investors as XRP moves through major price milestones. His prediction is not on traditional tools like charts, candlestick patterns, or complex technical indicators. According to him, investors will go from laughing at the digital asset to feeling panic and then chasing it in fear of missing out. In the early stages, people often dismiss cryptocurrencies, claiming they have no real value. But as time passes and the XRP price climbs, that attitude will shift into doubt, regret, and finally desperation to buy in at any cost. Barri C: XRP Investors Will Laugh, Doubt, And Panic At $4, $10, And $100 Barri C says the first stage of investor reaction begins at $4. At this level, many people will mock XRP. They will joke about it being a “shit coin” and point out that the price has reached this level before. In their eyes, this is not a milestone worth noticing, so they laugh it off. The mood changes when XRP hits $10. Even though it is only a small step higher, it feels more serious because the number now has two digits. People begin to feel uneasy, but they still hold on to the belief that the coin will crash again. They convince themselves they will be able to repurchase it at a cheaper price later. The real shock, according to Barri C, comes when XRP reaches the $100 mark. At this point, a wave of realization hits investors who had dismissed or underestimated the token for years, as they suddenly recognize the scale of the opportunity they passed up. Panic begins to spread across the market as latecomers scramble to get in, while early critics are with deep regret for not taking action sooner, watching the price climb beyond what once seemed impossible. Why $1,000 XRP Could Trigger Mass Adoption According to Barri C, the most dramatic stage comes when XRP reaches $1,000. At this point, the fear of missing out, often called FOMO, takes control of the market. Everyone, from regular people to long-time critics, will feel desperate to own some XRP. Even a fraction of a single coin will be as valuable. The demand will rise quickly as people rush in, not wanting to be left behind. For many, it will no longer matter how high the price has gone. The only thought will be to buy before it climbs even more. Barri C adds that this stage is also when XRP could be more than just a cryptocurrency, evolving into the backbone of a new global financial system that supports cross-border payments and institutional transactions. The mix of FOMO and belief in its role in finance would push people from all sides, from supporters, skeptics, and even haters, to grab a share.

This week, crypto has experienced many ups and downs. BTC ▲2.82%, ETH ▲11.55%, and BNB ▲5.13% hit their all-time highs, with Ethereum ETF inflows peaking. Bitcoin peaked at $124k early in the week, then went down sharply after the unexpected PPI data was released. It dipped to $115k by midweek, before testing the $110k support. Ethereum also dropped to $4,000 at the start of the week, preceding its all-time high of $4,890 on the weekend. Crypto market cap hovered at $4 trillion, with XRP ▲8.49% slipping below $3 on Wednesday. LINK ▲5.35% gained 25% on the ICE partnership to $26 area, outperforming the market. This week, too, Solana peaked at $201 and hit a huge 107,540 TPS record. BitcoinPriceMarket CapBTC$2.30T24h7d30d1yAll time DISCOVER: Top Solana Meme Coins to Buy in 2025 This Week Is A Crypto Roller Coaster Markets stayed calm before Fed Chair Powell’s Jackson Hole speech yesterday. After the speech, though, god candles were seen everywhere. JPMorgan forecasted four rate cuts in 2025 starting in September, and it brought “Crypto” Google searches to a yearly high. Fed eased bank oversight for crypto services and Japan approved stablecoins. Following it, Eric Trump planned Tokyo ‘Metaplanet’ visit to push crypto. 2 hours ago PENGU Crypto Breaking ATH Soon? By Akiyama Felix Pudgy Penguins is evolving from an NFT collection into a cultural force, with PENGU crypto, which about to break its all time high. The project is about cute penguin with real-world merchandises, like toys in Walmart. The Solana memecoin is rewarding holders through staking and bunch of community perks. Just after launch, it hit over 800,000 holders, especially with it’s big airdrop campaign. Now trading at around $0.035, PENGU could go above and beyond soon. Will Pengu blast its own record on the all-time high next week after dwarfing Pokémon? Pudgy PenguinsPriceMarket CapPENGU$2.26B24h7d30d1yAll time Read the full story here. DISCOVER: Top Solana Meme Coins to Buy in 2025 The post [LIVE] Crypto This Week: Trump Scandal, ETF Chaos, Solana Breaking Records, And Powell’s Pump appeared first on 99Bitcoins.

The Bitcoin (BTC) market registered an impressive 4% price bounce on Friday, following dovish policy comments by US Federal Reserve Chairman Jerome Powell. The premier cryptocurrency now trades above $116,000, nullifying earlier losses seen in the past week. Interestingly, prominent market analyst Tony “The Bull” Severino has outlined the implications of this price rebound regarding the BTC price trajectory. Bitcoin’s Latest Bounce Revives Bullish Momentum – Price Targets To Watch In an X post on August 22, Severino explains that Bitcoin showed resilience in its price recovery on Friday by bouncing off the lower boundary of a long-standing ascending channel, tagged as the “Wall of Worry.” Notably, this lower boundary has acted as a key support zone for the leading cryptocurrency, stretching as far back as November 2023. Following each bounce off this support, Bitcoin has popularly reached the upper boundary, raising many expectations of a price surge at this moment. According to the channel analysis, Severino shows that the immediate technical target lies at the median line around $144,000, representing a roughly 24% advance from current levels. Interestingly, should bullish momentum persist, the next major resistance zone would align near the upper boundary of the channel at $183,000. However, a decisive break below the ascending channel would invalidate the bullish structure, potentially triggering a broader retracement toward the $95,000–$100,000 region. Bitcoin Market Outlook At the time of writing, Bitcoin trades at $115,641, reflecting a 3.21% gain in the last 24 hours. This positive performance is accompanied by a 38.78% gain in daily trading volume, currently valued at $80.33 billion. However, losses of 1.76% and 1.94% on the weekly and monthly charts indicate that new market entrants are yet to break even. Meanwhile, crypto analyst Jordan Pivato is predicting the current market cycle to peak on October 21, 2025. This projection is based on historical data showing that Bitcoin cycles tend to extend slightly longer with each iteration. While the previous cycle lasted 548 days, Pivato estimates the ongoing one will span 550 days, placing the top in late October. He further points to Bitcoin’s strong seasonal performance in October as additional support for his call. Historically, October has been Bitcoin’s most bullish month, logging gains in six of the past twelve years and recording just two losing Octobers in that period. On average, Bitcoin has delivered a 46.72% monthly gain in October, with a median increase of 10.82%, making it the most favorable month in the calendar year for BTC performance.

Ethereum (ETH) just delivered one of its strongest moves in years, breaking its all-time high of around $4,860 after a bullish surge on Friday. The cryptocurrency soared by more than 13% in a single day, marking a pivotal moment for the market and confirming the strength of Ethereum’s ongoing rally. Momentum is firmly on the side of the bulls, as Ethereum continues to outperform Bitcoin. While BTC consolidates around the same price range it held a month ago, ETH has taken the lead, strengthening the case for an extended altcoin rally. The market is entering a phase where altcoins are beginning to show strength across the board, with Ethereum spearheading this trend. Adding to the optimism, top analyst Ted Pillows shared fresh insights pointing to Ethereum’s continued dominance in decentralized finance (DeFi). He emphasized that Ethereum remains the number 1 chain in DeFi, reinforcing its position as the backbone of the sector. With institutional adoption rising, exchange supply shrinking, and derivatives activity heating up, many see Ethereum as primed for a sustained rally. Ethereum Netflows Surge Amid Fed Speculation Ethereum’s dominance in the crypto market has once again been reinforced by its recent on-chain activity. Over the last seven days, Ethereum recorded a netflow of +$516.4 million, significantly outpacing all other networks. To put this into perspective, the second-largest, Polygon, registered just $102.9 million over the same period. This vast difference highlights Ethereum’s position as the clear leader in attracting and holding liquidity. The timing of this surge is tied closely to macroeconomic developments. Markets began to heat up after Federal Reserve Chairman Jerome Powell’s remarks at Jackson Hole, where he noted that “with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” This statement has fueled widespread speculation that the Fed could cut interest rates in September, sparking renewed optimism across both traditional and crypto markets. Ethereum’s strong netflows reflect both institutional and retail conviction. Investors are positioning for further upside in anticipation of improved liquidity conditions. The inflow surge signals not only buying pressure but also a growing shift toward Ethereum as the primary vehicle for DeFi, staking, and treasury strategies. Weekly Price Analysis: Reaching New ATH Ethereum (ETH) has officially broken into uncharted territory, setting fresh all-time highs on the weekly chart as shown. The breakout above the 2021 peak near $4,860 confirms a major bullish structure after months of consolidation and a sharp rally in recent weeks. ETH closed this candle strongly, near $4,876, representing an almost 9% surge within the week. The structure highlights sustained bullish momentum. With ETH trading well above its 50-week ($2,823), 100-week ($2,794), and 200-week ($2,446) moving averages. This alignment — with shorter-term moving averages trending above the longer-term ones — reinforces the bullish trend. Momentum indicators also suggest that buyers remain in control, supported by institutional flows and derivatives positioning. Key resistance now lies only in price discovery, as ETH has no historical levels above its current price. In such phases, rallies often extend rapidly, especially when combined with rising open interest and strong on-chain accumulation trends. On the downside, immediate support rests around the $4,300–$4,200 zone, which coincides with the breakout region. Losing this area could invite deeper corrections, but bulls are currently defending it strongly. Featured image from Dall-E, chart from TradingView

After falling below $3, the XRP price looks to be entering into another triangle setup that could ultimately end up in a breakout. This formation on the 4-Hour chart began back in the month of July and could be headed to a natural close in the next few weeks, especially as sellers look to be tiring out at this level. The Support Level To Watch For XRP Pseudonymous crypto analyst TheSignalyst pointed to an interesting formation on the XRP price chart amid the descent into bearish territory. This is the formation of what the analyst has referred to as the “perfect triangle” setup, with the possibility of a breakout at the end of this setup. First and foremost, TheSignalyst highlighted that the XRP price has since been coiling up inside a textbook symmetrical triangle. This is happening on the 4-Hour chart as both bulls and bears move to defend the next major levels in he end. For the bulls, they continue to struggle to hold the support above $2.78, with the price pushing further downward due to the sell pressure. Meanwhile, the bears are still mounting resistance all inside this triangle, with a possible cross of both trendlines happening soon. So far, the bears seem to have more control since the XRP price continues to bear down, and the altcoin is now already testing the lower bound of the triangle. With the mounting pressure, bulls must maintain this lower bound if there is to be any recovery. If this level holds, then the analyst says a potential bounce back could be expected for XRP, and this would take it toward the upper boundary. In the case of a bounce back, XRP could see an over 14% increase in price to retest the $3.2 level again. This is where the bears come in once again with resistance, and sellers will need to push back at this level in order to invalidate the uptrend. However, if the lower trendline does not hold above $2.78 and bears are able to break below it, then it could signal a sustained downtrend. A breakdown from this level would invalidate the “perfect triangle” setup and likely push the XRP price back down toward $2.5, where there is major buy support.

Ethereum (ETH) is leading the end-of-the-week market recovery after finally breaking above the $4,800 resistance. As the cryptocurrency is attempting to reclaim this crucial area, some analysts suggest that a new all-time high (ATH) is imminent. Ethereum Hits New Multi-Year High On Friday, Ethereum broke above the $4,800 resistance for the first time since 2021, hitting a multi-year high of $4,834. The cryptocurrency has rallied over 14% over the past 24 hours, driven by Federal Reserve Chairman Jerome Powell’s annual address at Jackson Hole. In his speech, Powell signaled the possibility of an interest rate cut, affirming that “with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” Following Powell’s remarks, the market soared, with Bitcoin (BTC) jumping from its local range low to the $117,000 area. Meanwhile, Ethereum initially climbed from the $4,200 support to reclaim the crucial $4,700 barrier. In a statement to CNBC, Jordi Alexander, CEO of crypto trading firm Selini Capital, suggested that crypto traders were caught completely offside by Powell’s dovish comments. “The market positioning in recent sessions has seen clear risk-off moves in assets like crypto and tech, and today’s setting up of a September rate cut is causing a panicked repositioning, which could continue through the illiquid weekend as shorts get squeezed,” he affirmed. Meanwhile, Joseph Chalom, Co-CEO of SharpLink Gaming, asserted that “the markets are loving Powell’s dovish speech. September rate cuts seem imminent. We’re at a pivotal moment in the market cycle.” ETH Ready For More? Notably, ETH has been consolidating between $3,762 support and $4,631 resistance since the early August breakout, retesting the $4,000-$4,100 mid-zone of this week’s pullback. On Friday afternoon, Ethereum continued its climb above the $4,800 resistance. This level was unsuccessfully tested last week, when the King of Altcoins hit a local high of $4,788 before being rejected. Analyst Crypto Jelle highlighted a one-week falling wedge pattern on ETH’s chart, which targeted a breakout to the $4,600-$4,800 area. Following today’s price jump, the analyst suggested that Ethereum is ready to target its all-time high of $4,878 after the breakout. Additionally, he noted that ETH already broke out of an 18-month bullish megaphone this month, which targets the $10,000 level. He explained that the cryptocurrency has successfully retested the key resistance level, around $4,000, during this week’s pullback and has “hardly any resistance left.” Nonetheless, he warned that a pullback is likely to come following the massive pump but added that “the intent is clear. This market wants higher.” Similarly, Ted Pillows affirmed that volatility was expected after Powell’s speech, noting that it had happened in previous years. However, he suggested that a big ETH rally will follow, “just like the last time.” As of this writing, Ethereum is trading at $4,799, a 32.6% increase in the monthly timeframe.

Ethereum’s price has maintained notable strength in recent weeks, giving many investors reason for cautious optimism. The asset briefly traded near $4,700 last week, close to its all-time high of $4,878 recorded in 2021, before correcting to its current level around $4,633. Despite this pullback, Ethereum is still up nearly 30% over the past month, according to CoinGecko data, putting a majority of holders back into profit. Alongside these price developments, analysts continue to monitor exchange data for signs of broader market sentiment. One such analysis comes from PelinayPA, a contributor on CryptoQuant’s QuickTake platform, who examined Ethereum’s netflow patterns on exchanges. This indicator measures whether more ETH is moving onto exchanges (inflows) or off of them (outflows), providing insight into potential selling pressure or long-term accumulation behavior. Exchange Netflow Data Points to Reduced Selling Pressure According to PelinayPA, the current netflow picture suggests that Ethereum investors are largely removing coins from exchanges. Historical data indicate that significant inflows, accompanied by substantial amounts of ETH being transferred to trading platforms, often precede price corrections as investors prepare to sell. Conversely, notable outflows have historically appeared before bull market surges, reflecting confidence in holding or long-term storage. “In past cycles, strong exchange outflows occurred just before major uptrends in 2017, 2021, and again in 2024,” PelinayPA explained, adding: What we’re seeing now is consistent negative netflow, meaning ETH is leaving exchanges. This generally reduces immediate selling pressure and supports the case for ongoing bullish momentum. The analyst noted that while inflows can still trigger short-term pullbacks, the current outflow-dominant environment suggests that Ethereum retains significant upside potential in the medium to long term. The price action aligning with these signals reflects a market where participants are more inclined toward accumulation than distribution. Ethereum Institutional Demand and Technical Outlook Ethereum’s strong performance is also being interpreted through a technical lens. Several traders have pointed out that ETH has broken out against Bitcoin after years of relative underperformance. A crypto analyst known as CryptoBatman on X highlighted the significance of this trend, arguing that Ethereum’s rally could be entering a new phase of market recognition. “ETH has finally broken out against BTC,” he wrote, noting that this development shows Ethereum’s potential to gain further traction in the broader crypto market. In addition, institutional indicators are beginning to align with this narrative. Investment funds and exchange-traded products tied to Ethereum have seen steady growth in holdings, with large investors maintaining exposure even during periods of volatility. Featured iameg created with DALL-E, Chart from TradingView

Ethereum came close to breaking its all-time high this week, and the fallout was brutal for anyone betting against it. Around 259 million dollars in short positions were liquidated, along with another 80 million in long positions. That adds up to more than 340 million dollars in crypto liquidations in just 24 hours. Ethereum alone made up more than half of that total. Fed Hint Lights Up Crypto Markets The rally wasn’t random. It followed comments from Fed Chair Jerome Powell suggesting that interest rate cuts could be on the horizon. Traders didn’t wait around. Ethereum surged almost 15 percent on the news and briefly climbed above 4,842 dollars. That’s within touching distance of its 2021 peak of 4,878. The market moved fast, and so did the liquidations. Liquidation Frenzy Dominates Crypto Action This wave of liquidations didn’t just hit Ethereum. The broader crypto market saw more than 668 million dollars in derivatives contracts wiped out. But Ethereum was the main driver. It’s rare to see ETH take the lead this aggressively, but this week, it wasn’t following Bitcoin’s moves. It was setting the pace. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in August2025 Price Inches Above 2021 All-Time High, Then Pulls Back For a moment, it looked like Ethereum was ready to set a new record. But after briefly pushing above its 2021 high, it slipped back down. At the time of reporting, the price was hovering around 4,773 dollars. It didn’t hold the breakout, but it got close enough to remind traders what kind of momentum ETH can carry when macro factors align. EthereumPriceMarket CapETH$579.79B24h7d30d1yAll time Why This Matters More Than Just Numbers This isn’t only about the price. It’s about how much influence central bank language has on risk assets like crypto. One vague comment about future policy flipped the market and erased hundreds of millions in open positions. In crypto, reactions to headlines often outweigh the fundamentals. This week was a textbook case. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What to Watch Next Ethereum didn’t quite break through its ceiling, but it’s now sitting just under a level that could trigger another major move. If it pushes past the old high, there’s a good chance momentum could build into the next quarter. If not, expect a reset and more volatility as traders reposition. With the Fed in play and markets on edge, nobody’s relaxing just yet. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Over $340 million in crypto liquidations hit in 24 hours, with Ethereum shorts leading the wipeout. Ethereum briefly climbed above $4,842 following Fed signals about possible rate cuts. ETH’s rally triggered over half of all crypto liquidations, outpacing Bitcoin’s market influence. Despite touching a new high, Ethereum pulled back to around $4,773 as momentum cooled. Market reaction shows how much influence macro signals have over crypto, especially Ethereum. The post Ethereum Shorts Crushed: $259M Lost as Price Nears ATH appeared first on 99Bitcoins.

SharpLink Gaming has approved a $1.5 billion stock buyback aimed at supporting its Ethereum treasury. The idea is straightforward. If the company’s stock starts trading below the value of the Ether it holds, they’ll begin to buy back shares to increase the ETH-per-share ratio and protect long-term holders. Buybacks Prompted by ETH-Price Dynamics Co-CEO Joseph Chalom explained that issuing more shares while the stock is trading below the value of the company’s Ethereum reserves would dilute shareholder value. So rather than sit on their hands, SharpLink now has a tool to act if market conditions turn favorable. A Huge Ethereum Treasury Backing the Plan This isn’t just a small crypto experiment. SharpLink holds around 740,000 ETH, worth roughly $3.2 billion at current prices. That’s one of the largest Ethereum treasuries held by any public company. The buyback plan isn’t based on theory. It’s anchored in assets already on the books. DISCOVER: Best New Cryptocurrencies to Invest in 2025 ETH-Per-Share Is the Metric That Matters What really drives this move is the company’s ETH-per-share metric. That’s what they’re watching. If the share price slips while the value of their Ethereum stash stays strong, buying back stock would make each remaining share worth more in ETH terms. It’s a traditional finance play, just with a crypto asset as the base. EthereumPriceMarket CapETH$579.79B24h7d30d1yAll time The Strategy Behind the Numbers This isn’t just a flashy headline or a quick response to market noise. SharpLink has been moving toward an Ethereum-first approach for some time. With Ethereum co-founder Joseph Lubin serving as chairman, the company has made it clear they’re thinking long term about ETH as a core treasury asset. SharpLink Riding the Ethereum Wave The timing also reflects growing interest from institutions in Ethereum exposure. As the asset gains traction outside of DeFi circles and into more traditional corporate treasuries, SharpLink’s move shows how companies can structure themselves around a crypto-native strategy without abandoning conventional tools. DISCOVER: 20+ Next Crypto to Explode in 2025 What SharpLink Investors Are Watching The company hasn’t set specific targets for how much or when they’ll buy back. It will depend on market dynamics, including the price of the stock, the trading volume, and the value of their Ethereum holdings. Buybacks might come through open market purchases or through negotiated transactions, and SharpLink can pause or end the program at any time. Bigger Picture for ETH Treasury Companies This move puts SharpLink in the same conversation as other companies using crypto as a core treasury asset. The idea that a firm’s balance sheet can be partially based on Ethereum is no longer niche. It’s becoming part of the financial landscape. What Comes Next Now it’s a waiting game. If the stock drops below what each share represents in Ethereum value, expect the buyback to kick in. And if that happens, it won’t just affect SharpLink’s share price. It could also move Ethereum markets, especially as more companies begin tying their capital strategy to on-chain assets. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways SharpLink approved a $1.5 billion stock buyback to support its massive Ethereum treasury. The buyback kicks in if shares trade below the value of ETH held per share. SharpLink holds around 740,000 ETH, making it one of the largest corporate Ethereum treasuries. The plan reflects a broader Ethereum-first strategy led by co-founder Joseph Lubin. This move signals a new phase where companies integrate ETH into capital management tools like buybacks. The post SharpLink Greenlights $1.5 Billion Buyback to Support ETH Treasury appeared first on 99Bitcoins.

How Much Gold Can I Buy with $100,000? (2025 Buyer’s Guide) You worked decades for that nest egg. When you ask, “how much gold can I buy with $100,000,” you deserve a straight, numbers-first answer. Below you’ll find clean math, real-world pricing factors (spot, premiums, spreads), sample shopping lists, and practical storage tips—so you can move with a plan, not a guess. We’ll use easy round numbers, explain the trade-offs between bars and coins, and show you how a few percentage points in premium can change how many ounces you end up with. The goal is simple: maximize confidence and keep drama to a minimum. TL;DR: $100,000 Buys About 38–41 Ounces of Gold At a hypothetical spot price of $2,400 per troy ounce, premiums of 1.5%–8% typically translate to roughly 38.6–41.1 ounces for a $100,000 budget. Your exact result depends on product type and the delivered price you lock in. Lower premiums (e.g., large bars) = more ounces. Higher premiums (e.g., fractional coins) = fewer ounces, but more flexibility to sell in small pieces. Spreads matter: common, high-volume products usually resell with tighter buy/sell gaps. The Real Price: Spot, Premiums, and Spreads The “spot price” is the live market quote for unfabricated gold. Consumers pay more than spot because finished products must be minted or cast, shipped, insured, and handled. That extra amount is the premium. Dealers also have a spread: the difference between their sell price and their buyback price for the same item. What actually moves premiums? Product format: One kilogram bars often carry lower premiums than one-ounce coins. Fractional coins cost more per ounce to mint, so they tend to have higher premiums. Demand and inventory: When demand spikes or supply tightens, premiums can widen; when conditions normalize, they usually compress. Brand and recognizability: Well-known refiner and sovereign mints products typically carry stable premiums and tighter spreads. Typical premium ranges (illustrative, not guarantees) 1 kg bars: often ~1%–2.5% above spot. 1 oz bullion coins: commonly ~3%–6% above spot. Fractional coins (1/2, 1/4, 1/10 oz): frequently ~8%–15% above spot. Proofs/collectibles: much higher premiums and wider spreads—usually not ideal if your goal is bullion exposure. Fees like shipping, insurance, and payment method can add or subtract a little. A good dealer will quote the delivered price and any payment discounts or charges up front. Clarity is your friend—ask for it. Quick Math: How Much Gold Can I Buy with $100,000? Use this simple formula: Ounces = Budget ÷ (Spot × (1 + Premium)). With spot at $2,400/oz and a $100,000 budget, you get: 1.5% premium: $2,436/oz → about 41.05 oz. 3% premium: $2,472/oz → about 40.45 oz. 5% premium: $2,520/oz → about 39.68 oz. 8% premium: $2,592/oz → about 38.58 oz. 12% premium (typical for many fractionals): $2,688/oz → about 37.20 oz. The rounding reality When you buy 1-ounce coins, you can’t buy 0.45 of a coin. In practice, that means you’ll land on whole numbers (e.g., 39 or 40 coins) and a small cash remainder. Don’t obsess over tenths of an ounce; focus on getting a fair, delivered price on recognizable products with a strong buyback market. What to Buy: Bars, Coins, and Fractionals There’s no one right answer—only the right answer for your priorities. Do you want maximum ounces, maximum flexibility, or a balance of both? One kilogram bars (≈32.15 oz each) These shine for efficiency. Using the example numbers, a 1 kg bar at a 1.5% premium is about $78,319. Add eight 1-oz coins and you’re close to a $100K ticket while squeezing out more ounces per dollar. The trade-off: a big bar is less modular if you want to sell just a small slice later. One-ounce bullion coins The sweet spot for many buyers. Premiums are moderate, the coins are instantly recognizable, and you can sell a few at a time as needed. If flexibility matters, 1-oz coins are hard to beat. Fractional coins (1/2, 1/4, 1/10 oz) Great for gifts and tiny sale lots, but the higher premium means fewer ounces for the same money. At a 12% premium in our $2,400 spot example, $100,000 nets roughly 37.2 oz in total metal—versus ~40 oz when you lean on bars and 1-oz coins. Real-world note: I once met a retired lineman who bought only 1-oz coins. He kept them in labeled tubes, knew exactly what he had, and slept like a baby. Simple system, zero drama. Storage and Security: Home, Bank, or Depository Gold is wealth you can hold. Where you keep it drives convenience, privacy, and cost. Choose deliberately. Bank safe-deposit box Off-site, generally affordable, and straightforward. Consider access hours if you need quick liquidity. Keep an inventory list and copies of invoices. Home storage Buy a real safe, bolt it down, and keep the location private. Photograph receipts and record serial numbers; store copies off-site. Talk to your insurer about coverage for precious metals. Professional depository (including IRA storage) Institutional-grade security, insurance, and audit trails. Fees apply (often a fraction of a percent or flat), but logistics are simple—especially for larger holdings or retirement accounts. Standard if you hold gold inside a qualified plan. Buying Smart: Dealers, Execution, and Red Flags Here’s the no-spin checklist to protect your capital and your sanity: Quote apples-to-apples: same SKU, same quantity, same payment method, delivered price. Confirm in writing: locked price, quantity, serial policy, and shipping details; then pay as agreed (wire, cashier’s check, etc.). Track and verify: require adult signature; open, inspect, and record serials immediately. Ask about buyback: policy, expected spreads, and settlement timelines—before you buy. Avoid pressure pitches: if you asked for bullion and you’re steered into “rare” coins with thick premiums, step off the ride. A couple in Arizona learned this the hard way: flashy commemoratives looked exciting, but the spread crushed their resale. They switched to standard bullion and never looked back. Sample $100,000 Shopping Lists (Illustrative) Use these as frameworks. Live pricing will move totals, but the logic holds. Efficiency First: Maximize Ounces One 1 kg bar at ~1.5% premium ≈ $78,319 (≈32.15 oz). Eight 1-oz bullion coins at ~3% premium ≈ $19,776. Estimated total: ≈ $98,095 for ≈ 40.15 oz. Keep the leftover for shipping/insurance or an add-on later. Flexibility First: Easy to Sell in Pieces Thirty-nine 1-oz coins at ~5% premium ≈ $98,280. Metal: 39 oz, with ≈ $1,720 left for storage upgrades or fees. If premiums tighten, you may reach 40 coins—just don’t blow past budget. Small Denominations: Gifts and Micro-Liquidity 1/10-oz coins at ~12% premium price out to ≈ 37.2 oz total metal for $100,000 in our example math. In practice, that’s about 371–372 coins depending on exact live pricing and any payment discounts. Key themes: bars cut premiums; 1-oz coins balance flexibility and cost; fractionals maximize flexibility but reduce total ounces. Match the mix to your priorities—not to headlines. Timing, Volatility, and a Calm Hand Gold doesn’t move in a straight line. If you’re building a position, consider staging purchases: take a core chunk now, keep a cash reserve, and add on red days. That simple discipline lowers regret (which is the real tax in this game). Define your purpose: if gold is portfolio insurance, don’t treat it like a lottery ticket. Stay process-anchored: lock fair delivered pricing, document storage, and keep powder dry for opportunities. Document everything: receipts, serials, location, and who to contact if something happens to you. FAQ: Common Questions from $100K Buyers Should I wait for a dip? Nobody times it perfectly. A staged approach (e.g., 60% now, 40% reserved for dips) balances FOMO and patience. What about taxes when I sell? Rules vary by jurisdiction and account type (taxable vs. retirement). Keep detailed records and consult a qualified tax professional before selling. Does brand matter? Yes—well-known sovereign mints and refiners help with recognition and resale. That often shows up as tighter buy/sell spreads. Conclusion: A Clear Plan, No Drama If you’re asking “how much gold can I buy with $100,000,” the practical answer is roughly 38–41 ounces in typical market conditions, depending on premiums and product mix. Decide whether you value maximum ounces or maximum flexibility, choose recognizable products that match that goal, and demand transparent delivered pricing. Keep storage simple, documentation tight, and emotions out of the driver’s seat. You worked hard for that money—treat the purchase with the respect it deserves, build your position in steps, and let gold do its quiet job: reducing worry and steadying your footing. The post How much gold can I buy with $100,000? first appeared on American Bullion.

The cryptocurrency market experienced a significant surge on Friday, with Ethereum (ETH) and Bitcoin (BTC) leading the charge and reviving the upward momentum seen in the previous week that had propelled it to new all-time highs. Among the notable developments, the market’s leading altcoin skyrocketed above the $4,700 mark while recording double-digit gains and edging closer to the $4,878 record highs it reached during the last crypto bull cycle four years ago. After enduring a prolonged phase of consolidation and breakdown, ETH’s recent gains reflect renewed optimism in the market, particularly following comments from Federal Reserve (Fed) Chair Jerome Powell. Ethereum, XRP, And BNB Surge Powell’s remarks during his speech at the Jackson Hole Economic Symposium suggested that rate cuts could be on the horizon, a sentiment that tends to favor assets like Bitcoin and altcoins. Lower interest rates make investments in stocks and digital currencies more attractive compared to traditional interest-yielding options, such as bonds. Additionally, a reduction in rates typically weakens the dollar, further enhancing the appeal of cryptocurrencies. The positive market sentiment was not limited to Bitcoin and Ethereum; other altcoins also enjoyed substantial price increases. XRP rose by 5%, Solana (SOL) saw a 4% gain, and Binance Coin (BNB) surged by 8%, reaching a new record price beyond the $882 mark, which now serves as a resistance level for the token. Manuel Villegas, an analyst at Julius Baer, noted in a research report that the correlation between cryptocurrencies and equities is currently strong. He emphasized that the market mood is likely to be highly responsive to comments from the Jackson Hole meeting of monetary authorities and any subsequent reactions from fiscal authorities. ¿A Bullish Q4 Ahead? On social media platform X (formerly Twitter), market experts weighed in on the implications of Powell’s statements highlighting what could come next for the broader cryptocurrency market. Doctor Profit remarked that Powell’s announcement was the most anticipated event for both the stock and crypto markets, suggesting that the market had already priced in the likelihood of upcoming rate cuts. He cautioned that a “sell the news” reaction could soon occur, as traders might capitalize on the gains made in anticipation of these developments. In a social media post, Lark Davis asserted that the Federal Reserve Chair’s comments have effectively opened the door for potential rate cuts as early as September, hinting that the fourth quarter of the year could end up being “extremely bullish.” As of this writing, Ethereum is trading at $4,740. It has the best performance of the day among the top cryptocurrencies, with a significant 13% uptrend witnessed in today’s trading session. Bitcoin, on the other hand, is still far from the record $124,000 level reached last week, despite its 4% surge in the last 24 hours. Trading at $116,000, Bitcoin is still 6% below its all-time high. Featured image from DALL-E, chart from TradingView.com

Bitcoin continues to trade below its recent highs, extending a pullback that began after reaching a record level above $124,000 last week. As of today, the cryptocurrency is priced around $115,347, reflecting a 7.7% drop from its peak and a 3% decline over the past week. The downturn highlights a loss of momentum, with market data suggesting reduced demand from buyers on major exchanges. According to recent analysis shared on CryptoQuant’s QuickTake platform, the decline is closely tied to shifting activity on Binance, the world’s largest crypto exchange by volume. The analyst, known by the pseudonym Arab Chain, explained that Bitcoin’s downward trajectory this month corresponds with fading buying pressure on Binance. The pattern indicates that sellers have been able to exert more control in recent sessions, with spot market data showing a liquidity exit from buyers. Bitcoin Exchange Data Highlights Reduced Demand Arab Chain’s analysis noted that between early August and August 22, Bitcoin slipped from levels above $123,000 to near $113,000. During the first half of the month, strong waves of buyer activity supported upward price moves. However, as the month progressed, indicators such as Binance’s Volume Delta shifted negative, reflecting a reversal in the balance between buyers and sellers. At one point, net outflows from buyers reached levels close to -$600 million, suggesting that sellers were absorbing liquidity without enough counter-pressure. The analyst emphasized that Binance data carries weight given the platform’s depth and liquidity. A decline in buying activity despite stable overall volume points to a cautious stance from large traders and institutions. Some of the selling may be linked to profit-taking at resistance zones near $120,000, while the lack of strong follow-through buying reduced the likelihood of sustaining higher prices. This pattern reflects how spot market demand remains critical for price stability at elevated levels. Miner Behavior Points to Accumulation Shift In addition to exchange data, unusual activity between miners and Binance has drawn attention. Arab Chain also highlighted an increase in transfers from Binance to miner-linked wallets, a reversal of the more common pattern of miners sending Bitcoin to exchanges for sale. Past episodes of such flows, averaging more than 10 BTC per transaction, preceded rebounds in the market earlier this year. This may suggest that miners are holding back supply or preparing reserves in anticipation of future price strength. The implications of these transfers depend on interpretation. If miners are moving Bitcoin to cold storage, it indicates reduced short-term selling pressure and could support the market by lowering available supply. On the other hand, if the transfers represent profit redistribution or eventual liquidation through other channels, the effect may be neutral or even negative. Still, the data points to a strategic shift in miner behavior, adding another layer of complexity to the current correction phase. Featured image created with DALL-E, Chart from TradingView

On-chain analytics firm Glassnode has revealed how the Bitcoin price often forms local bottoms when this holder group shows capitulation. Bitcoin STHs Are Currently Participating In Mild Loss Realization In a new post on X, Glassnode has talked about how short-term price action is often dictated by the top buyers’ reaction to post-ATH drawdowns. As the price slides down, these holders quickly get into losses and can become prone to making panic moves. Bitcoin is currently in such a phase, with a notable amount of supply having a cost basis in the zone between the latest spot price and $120,000, as the below chart shows. The indicator in the graph is the Cost Basis Distribution, which tells us, as its name suggests, how much of the BTC supply last changed hands at the various price levels. From the metric’s data, it’s apparent that investors have slowly been building up a dense supply cluster below $120,000 as the asset has been trading inside the range since early July. The recent Bitcoin price plunge naturally put these investors underwater, so the question is: how have these holders been reacting? An indicator that can help shed light on the matter is the Spent Output Profit Ratio (SOPR). This metric compares the amount of profit and loss that the investors as a whole are realizing on the network. When the value of the SOPR is greater than 1, it means the average holder is selling their coins at a profit. On the other hand, it being below the threshold suggests loss-taking is dominant on the network. In the current discussion, the SOPR of the entire market isn’t of interest, but rather that of a specific part of it: the top buyers. These would be the investors who got into the cryptocurrency over the last three months. Here is the chart shared by Glassnode that shows the trend in the Bitcoin SOPR for the investor cohorts falling in this age range: As is visible in the above graph, the Bitcoin SOPR has dropped for all three of 1 day to 1 week, 1 week to 1 month, and 1 month to 3 months groups following the price decline. The indicator is now floating between 0.96 to 1.01 across these cohorts, indicating these investors have started selling at a mild loss. “If pressure builds, local bottoms often form when this group capitulates, typically when SOPR drops below ~0.9,” notes Glassnode. For now, though, it seems Bitcoin may not have to wait for this capitulation signal, as its price has seen a rebound in the past day. BTC Price At the time of writing, Bitcoin is trading around $116,000, down 2% over the past week.

A major Bitcoin whale has begun offloading massive amounts of BTC while simultaneously accumulating ETH. Such whale activity has typically influenced sentiment and liquidity, with ETH stacking rising in pace as BTC reserves are reduced, as analysts watch to see whether whale conviction could tilt the balance between the two largest cryptocurrencies. Whale Unwinds 15,000 BTC Position A Bitcoin whale who once held 15,000 BTC is selling massive amounts of BTC and buying ETH, making waves across the crypto market. Analyst CryptoGucci has revealed on X that this wallet, which originally held 15,000 BTC, was moved from cold storage 7 years ago, and has aggressively sold thousands of BTC while buying up massive amounts of ETH. In the past 24 hours, the whale has deposited 2,370 BTC worth $266 million in exchanges and has been steadily selling more BTC every few hours. This whale has been stacking ETH at scale. The whale’s holdings now sit at 167,629 ETH across 5 wallets, worth $706 million, which is spread across spot ETH, perpetual contracts, and Aave ETH positions in WETH and aEthWETH. Ethereum is rapidly gaining traction among corporate treasuries. According to CryptoRank_io’s update, the public companies now hold 2% of ETH’s total supply, marking a significant milestone in institutional adoption. Since April 1st, corporate ETH holdings have skyrocketed from $70 million to an impressive $10.9 billion, which reflects a surge in institutional confidence. Over the same period, the public companies BTC holdings also increased from 3.07% to 3.93% of total supply, showing a steady accumulation of both top crypto assets. BitMine is leading the pack, which now holds over 1.5 million ETH, making it the largest corporate ETH treasury in the world. Bitcoin And Ethereum Market Positioning HolaItsAk47 also stated the conversation around the 2025 bull run is heating up, and ETH keeps resurfacing. For years, Bitcoin has dominated as the undisputed leader of the crypto markets. This time, the fundamentals suggest that ETH is not just catching up to BTC, but it could take the lead in future finance. With ETH leading the charge in the Stablecoin dominance, the network is becoming the backbone of digital finance, hosting top stablecoins like USDC, USDT, and more. Also, the GENIUS Act clarity regulatory developments are becoming clearer, paving the way for institutional adoption without compromising network utility to accelerate. Given the institutional inflows of billions pouring into Ethereum ETFs and corporate treasuries gradually increasing exposure, ETH is capturing serious institutional attention. Dencun Upgrade, slashing transaction fees by up to 98%, has massively improved scalability and usability. DeFi and tokenization remain the primary platforms for decentralized finance and tokenized assets in ETH, while reinforcing its central role in Web3.

Bitcoin slipped on Friday after a brief run higher, and some market watchers say the move could force a policymaker response. Based on reports, Bitcoin was trading at about $113,240, down 3.4%, on August 22, 2025. Crypto Analyst Flags Inflation Risk According to Bloomberg Intelligence strategist Mike McGlone, the simultaneous rise in equities, Treasury yields, gold and Bitcoin looks unstable and could push inflation higher if it continues. He warned that stronger risk-asset gains might nudge the Federal Reserve toward tighter policy, not easing, which would be the opposite of calls from US President Donald Trump to loosen policy this year. Reports have noted that Bitcoin fell from a local high of $120,050 to roughly $112,990, a decline of about 6% since last Friday, and that the crypto lost just over $1,000 in a few hours during the move. Price Action And Market Moves Markets reacted quickly. Some traders booked profits after the spike, and others trimmed positions ahead of key Fed commentary at Jackson Hole. The pullback was not extreme by historical standards, but it shows how quickly sentiment can change. Markets have been watching Treasury yields and Powell’s comments closely, since those signals help decide whether risk assets will keep drawing fresh money. What The Numbers Mean For Investors Based on reports, the recent fall understates how much volatility persists in crypto. A 6% move in a few days is normal for Bitcoin’s history, yet it still matters for big holders and funds that move money in and out quickly. Some support levels around $112,000 were being watched by crypto tacticians, while traders said downside protection would likely be tested if yields continue higher. Analysts’ Price Targets Analysts are split on where Bitcoin goes from here. Bernstein strategists, for example, have floated a scenario where Bitcoin could climb as high as $200,000 within months if certain on-chain flows and institutional demand persist. Other market players see a more modest path, with some guessing at a peak near $140,000 to $150,000 as the most realistic upside in the near term. At the same time, veteran voices like McGlone warn that downside scenarios remain possible if the Fed tightens. Featured image from Meta, chart from TradingView

When US-based rare earth magnet manufacturer Vulcan Elements announced this week it signed a supply deal with ReElement Technologies, the financial terms were undisclosed, but the companies said that the price is “significantly below” the floor of $110 per kilogram that the US Department of Defense guaranteed to MP Materials last month. Rare earth metals are essential in heavy magnets that power electric vehicles, consumer electronics and military applications, and MP Materials is the only US producer, out of its Mountain Pass mine in California. While China dominates the global rare earth industry, controlling the vast majority of the world’s rare earth processing and refining capacity, Vulcan Elements’ vision is to provide domestic supply with pricing viable in the US market and beyond. “This pricing will enable Vulcan to be competitive in global markets,” Vulcan CEO John Maslin told Reuters. “We wanted to make sure the unit economics made sense.” Last week, the privately-held North Carolina-based start up unveiled it has raised $65 million in Series A funding to scale up its planned buildout of a commercial-scale facility in Durham. That announcement came only a day after Vulcan posted on its website that its domestic rare earth magnet manufacturing capability won the Advanced Manufacturing Innovation for Maritime Readiness Challenge with support from the US Department of Defense’s Defense Industrial Base Consortium. Over 400 manufacturing companies competed for the award, but Vulcan has, until now, avoided the spotlight. “We’ve been fairly quiet intentionally, and that’s because we want to put our money where our mouths are,” Vulcan Elements CEO John Maslin told MINING.com in an interview. “We want to execute. And now that we’re doing that, we have a lot of additional work to do where we have to execute much further at a much larger scale,” he said. “We want to show and not just tell. So now is the right time.” Vulcan Elements CEO John Maslin at the opening of Vulcan’s small-scale facility. Credit: Brighid Uddyback | Ox Images Photography. The company is specifically producing neodymium iron boron magnets – and boron is a big blind spot in the US market. As with many other critical minerals, efforts are underway to re-shore supply to the US. Maslin, a former supply chain officer with the Navy’s nuclear energy program, saw the gap working across nuclear shipbuilding and submarine programs. “My job was effectively working with the government and appropriations and then taking that and helping finance and procure materials and components for nuclear reactors,” Maslin said. “I was thinking a lot about the critical components that were going to be fundamental, not just for defense, but for critical economic industries, the 21st century technology race – semiconductors, batteries, rare earth magnets,” Maslin remembered. “The way that we think about it internally is if you think about your own body, a semiconductor is like your brain, a battery is like your heart, and a rare earth magnet is like your spine. It converts electricity into motion. Everyone was focused on semiconductors and batteries at the time. “No one was thinking about the third leg of that stool, which is a rare earth magnet. The next generation technologies, either commercially or defense related, drones, data centers that enable AI, robotics, hybrid electric vehicles, et cetera, satellites, aerospace applications, you need all three.” “But functionally, we knew that China made over 90% of the global supply and that the US made less than 1% and that the demand for these magnets was going exponential, and there needed to be diversity and resiliency in the West.” Maslin said that all of Vulcan Elements’ materials, whether rare earths or the electrolytic iron or the boron or ferroboron, have traceability down to the mine where that’s coming from, and that feedstock is sourced from US and allied partners. One of the first rare earth magnetics labs in the US in decades Maslin met Vulcan’s co-founder, Peter Kulik, who had opened one of the first rare earth magnetics labs in the US in two decades at the University of Central Florida. “We said, this is a problem that is too important not to address. We went to the Department of Energy, and we validated our own chemistries with their scientists,” Maslin said. “We made several different grades of magnets, then built a pilot facility.” The plan was to have the plant online by Q1 2025, fully decoupled from China down to the equipment, software, and material level. “We opened our doors on March 31st of this year,” Maslin said. “It is a blend of defense and commercial across several different verticals and industries. We have started to deliver and qualify magnets with customers. 100% of our material is US or allied. We either get it from recycled end-of-life magnets, or directly from miners in the US and Canada and Australia, parts of Africa, parts of South America. Nothing from an entity of concern.” The company is now moving to large-scale commercial, doing a multi-state site search. “We’re going to go to several hundred tons over the next 18 to 24 months. The goal is to have several thousand tons online by the end of this decade,” Maslin said. Vulcan is currently producing a mix of samples and low-volume production. “A lot of it right now is qualification, making sure that we’re hitting the grades that we’re actually delivering the products that customers need. We’re at the point where we’re getting to actually do that with our customers who are very eager to have resilience in their supply chain. “We have a lot of work to do to deliver even higher performing grades – but we’re moving with the speed and seriousness that this mission and this moment need.”

As Bitcoin (BTC) stalls near the $113,000 level, Ethereum (ETH) continues to show strength, highlighting a clear divergence in price action between the top two cryptocurrencies by market cap. This contrast has some investors considering a rotation from BTC into ETH to capture the latter’s bullish momentum. Bitcoin Shows Correction Risks – Is ETH Safe? According to a CryptoQuant Quicktake post by contributor XWIN Research Japan, on-chain data reveals underlying weakness in BTC price action. By contrast, ETH is displaying notable resilience even as broader crypto market momentum fades. Currently, Bitcoin’s exchange reserves are hovering around 2.53 million BTC, showing little sign of declining despite recent volatility. For context, BTC has fallen 5.4% over the past week. Historically, shrinking exchange reserves have indicated BTC moving off exchanges for long-term holding, which reduces near-term sell pressure. This time, however, reserves remain flat, suggesting that a significant portion of BTC supply is still liquid and available for selling. Flat exchange reserves – combined with BTC’s recent drop from $123,000 to $113,000 – have raised red flags for a possible short-term correction. Meanwhile, ETH’s on-chain dynamics tell a very different story. Unlike BTC, ETH has consistently recorded large net outflows from exchanges, with multiple spikes exceeding 300,000 ETH in late July and mid-August. XWIN Research Japan explained: Outflows usually reflect coins moving into cold storage, staking, or institutional custody, tightening the available supply on the open market. ETH’s price has been between $4.150 to $4,400, aligning with the outflow trend and reinforcing a bullish narrative of a potential supply shock. In short, while BTC is consolidating with lingering sell-side liquidity, ETH’s declining exchange balances signal rising institutional demand. These opposing dynamics suggest capital may be rotating from BTC to ETH. Different Dynamics Between BTC And ETH Beyond exchange reserves, other indicators also highlight further downside risk for BTC and growing institutional interest in ETH, reinforcing the market’s preference for Ethereum over Bitcoin. For instance, noted crypto analyst Xanrox recently offered a dramatic price prediction for BTC, stating that it may crash all the way down to $60,000 – almost a 50% fall from its current market price. Meanwhile, whales continue to increase their exposure to ETH, growing their holdings at a rapid pace as ETH’s relative strength compared to BTC improves. Yesterday, an Ethereum whale went long on $300 million worth of ETH on-chain. From a technical perspective as well, things look positive for ETH, with a potential recovery to $4,788 on the cards. At press time, BTC trades at $112,283, down 0.7% in the past 24 hours.

Cardano’s price is caught in a tight range, holding above key support while facing resistance overhead. With momentum weakening, will ADA break higher or slide back toward lower levels in its next decisive move? Bearish AB=CD Pattern Completed With Rejection At $0.95 Alpha Crypto Signal, a crypto analyst on X, recently shared insights on Cardano’s price action, noting that ADA has just completed a bearish AB=CD pattern on the daily timeframe. The rejection around the $0.95 level confirms this setup, suggesting that the market may be preparing for a corrective move. Such harmonic patterns often signal exhaustion in the preceding trend, hinting that ADA could face additional downward pressure in the short term. Currently, Cardano is trading below the 9-day EMA at $0.88, indicating that momentum has weakened following its recent attempts to push higher. Trading beneath this moving average often reflects a bearish shift in sentiment, where buyers struggle to maintain control. The analyst highlighted a critical support zone between $0.74 and $0.77, which will likely act as the first line of defense for bulls. Should this area give way, ADA could extend its decline toward the $0.70–$0.68 range, marking a deeper retracement and potentially testing the patience of long-term holders. Still, the outlook is not entirely bearish. According to the analysis, bulls could regain momentum if ADA manages to reclaim the $0.90 level and establish support above it. A successful recovery beyond this threshold would weaken the bearish narrative and possibly set the stage for another upward push. Cardano Holds Key Level After Pullback CryptoPulse, another market analyst, noted in an X update that Cardano is currently holding above a key support level following a pullback. This resilience suggests that buyers are still defending critical price zones despite recent bearish pressure. Related Reading: Cardano Defies Market Pullback: Could On-Chain Momentum Signal a 70% Run Ahead? According to the analyst, as long as the price maintains this support just above $0.80, ADA has the potential to rebound toward the $1.06 region, which aligns with the 0.382 Fibonacci retracement level. A move in this direction would indicate that momentum is shifting back in favor of the bulls. However, CryptoPulse cautioned that if support fails and ADA breaks lower, a backtest could occur, raising the risk of the price revisiting its range lows. Such a move would reinforce bearish sentiment and potentially delay any significant recovery attempts. In the meantime, the levels are clearly defined, leaving the market to decide its next direction. Whether ADA manages to build on its current support and push higher, or slips back into deeper corrective territory, will depend on how traders respond around these pivotal zones.

Log in to today's North American session Market wrap for August 22. Markets had been dawdling around throughout the whole past week, eagerly awaiting for FED Chair Powell's speech – and it did not disappoint. The US Dollar got sent dropping, rate cut expectations for September back up strong, and all Forex currencies and Cryptos are now back in euphory. I strongly invite you to check these two pieces to spot how strong the reactions are after the dovish speech from Powell: Read More: Dow Jones new all-time highs! Market reactions to FED Chair Powell's Jackson Hole speechA detailed look at the FX Market after the Powell speech – Technical levelsCross-Assets Daily Performance Cross-Asset Daily Performance, August 22, 2025 – Source: TradingView As seen in our previous articles, every asset class went wild after Powell's speech at the JH Symposium. It seems that the current move might be slightly over-extended when looking at what the FED Chair said. Data will have to be monitored even more closely in the coming period. By the way, I had to mask ETH as it prevented a nice reading of the charts, but the second largest crypto is close to a new all-time high record and up 13% on the day! A picture of today's performance for major currencies Currency Performance, August 22 – Source: OANDA Labs Looking at the Currency board confirms that the rise in all assets was more about US Dollar selling rather than actual buying – This will be a story to confirm on Monday and promises to be interesting. Maybe an overplay from the pricing of a 25 bps? A look at Economic data releasing in Monday's session For all market-moving economic releases and events, see the MarketPulse Economic Calendar. With the Jackson Hole Symposium going all the way to Sunday evening, expect a few big speeches and headlines from Central Bank heads including ECB's Lagarde, Bank of Japan's Ueda, BoE's Bailey and many others. For the rest, NZD traders will have to log in on Sunday evening for the NZ Retail Sales. Monday should be a bit calmer on paper, still stay connected for the FED's Williams speech at 19:15 P.M. Safe Trades and an enjoyable weekend! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Week in review Wall Street's main indexes surged on Friday after Federal Reserve Chair Jerome Powell hinted at a possible interest rate cut during his speech at the Jackson Hole Symposium. The Dow Jones rose 887.83 points (1.99%) to a record high of 45,680.14. The S&P 500 gained 102.14 points (1.61%) to 6,472.31, and the Nasdaq climbed 421.85 points (2.00%) to 21,520.79. Ten of the 11 S&P 500 sectors were up, with consumer discretionary stocks jumping nearly 3% and communication services rising 2.3%. The Philadelphia Semiconductor Index soared 3.3%, while major growth stocks also saw gains, led by Tesla, which rose 5.7%. The Russell 2000 Index, which is sensitive to interest rates, surged 3.9%, reaching its highest level this year. Source: LSEG Fed Chair Powell Pivots. September Cut Incoming? Chair Powell’s Jackson Hole speech represented a marked shift in tone from the Fed’s July minutes earlier this week. The minutes suggested that most FOMC members saw the upside risks to inflation as “more salient” than the downside risks to inflation, but Chair Powell acknowledged today that the balance of risks "appears to be shifting”. Chair Powell's speech highlighted a tricky situation: inflation risks are rising, while employment risks are falling. He explained that when these goals conflict, the Fed's approach is to balance both. He noted that interest rates are now much closer to a neutral level than they were a year ago, and the steady unemployment rate gives the Fed room to carefully consider any policy changes. However, since rates are already high, the changing economic outlook might require adjustments to policy. Powell's tone was more cautious (or "dovish") than expected. He didn’t push back against the idea of a rate cut, keeping his options open. A key point was his reduced concern about inflation caused by tariffs, likely due to signs of a weakening job market. Markets reacted strongly to his comment about "shifting risks may warrant adjusting policy," as many had feared he would take a more aggressive (or "hawkish") stance. As a result: -Short-term bond yields dropped below 3.7%. -The 10-year yield also fell, nearing 4.25%. -The chances of a rate cut in September jumped back to 90%, up from less than 70% before his speech. The dollar index dropped 0.96% to 97.66 after Powell's comments. It had been around 98.7 earlier in the day. The euro rose 1.06% to $1.1728, hitting $1.1742 at one point, its highest since July 28. The dollar weakened 1.08% against the Japanese yen, falling to 146.77. The British pound gained 0.86%, reaching $1.3527. The Australian dollar climbed 1.14% to $0.6492. In cryptocurrencies, Bitcoin jumped 4.10%, reaching $117,035. Gold received a much needed shot in the arm rising close to the $3380/oz mark after Fed Chair Powell's speech. Most Read: Markets go wild from the Jackson Hole Symposium – Market wrap for the North American session - August 22 The Week Ahead The week ahead will be all talk around a potential Fed Pivot while high impact data from the US and Japan will be in focus. Asia Pacific Markets - BoJ in Focus as Ueda Speaks at Jackson Hole, Tokyo Inflation Next Week From China we will get July's industrial profits data, released on Wednesday, is expected to show ongoing declines. To address issues like deflationary price wars, policies to reduce excessive competition and industrial overcapacity will be important. However, these measures may have side effects and are likely to be implemented slowly. As a result, profits could stay weak throughout the year. Over the weekend we will hear from BoJ Governor Ueda who will be speaking at the Jackson Hole Symposium. Market participants will be hoping for signs of whether a rate hike will be coming anytime soon especially after headline inflation hit an 8 month low. Tokyo's inflation data is highly anticipated, with overall prices expected to slow to 2.6% in August from 2.9% in July, mainly due to lower energy costs, though fresh food prices are still rising. Core inflation (excluding fresh food and energy) is likely to stay above 3%, giving the Bank of Japan more confidence that underlying inflation is nearing its 2% target. Industrial production is predicted to drop by 1.2% in July, partly reversing June's 2.1% increase, as temporary output boosts from tariff-related demand return to normal. However, retail sales are expected to grow, helped by strong wage increases. The unemployment rate is likely to stay at 2.5%, reflecting a tight job market that could lead to more stable wage growth over time. Euro Area Economic Sentiment and the Feds Preferred Inflation Gauge Eurozone sentiment will be closely monitored next week to see if it matches the positive results of last Thursday's PMI. The strong manufacturing data gave hope that the trade war's impact has been smaller than expected. If the European Commission's data confirms this, it would strengthen the outlook for a better-performing eurozone economy. The Fed's preferred inflation measure is expected to match the 0.3% month-on-month increase seen in core CPI. However, there's a chance it could come in slightly lower. While producer price data was strong, the parts that directly impact core PCE were more mixed. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Week - US Dollar Index (DXY) This week's Chart of the week is the US Dollar Index (DXY). The DXY rallied earlier this week before running into the long-term descending trendline. This coincided with Fed Chair Powell's speech which sent the Dollar Index tumbling. The index has broken below the ascending triangle which was in play from the July low at 96.37. This leaves the index vulnerable to further downside with immediate support now at 96.90. The period-14 RSI also broke back below the 50 neutral level which hints at a shift to bearish momentum once more. Gold (XAU/USD) Daily Chart - August 22, 2025 Source:TradingView.Com (click to enlarge) Key Levels to Consider: Support 96.9096.3695.00Resistance 98.6098.9899.57Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

In a video published earlier this week titled “SHIBA INU — HOW HIGH WILL PRICE BE IN 2025?!! MY HONEST THOUGHTS!,” the crypto analyst behind the LuckSide Crypto channel argued that Shiba Inu’s upside for the remainder of 2025 depends almost entirely on whether retail investors finally return to crypto in size. “Retail has not shown up yet,” he said, adding that the share of people in crypto “remains very much unchanged from last market cycle,” which he put at “5 to 6% of the world.” In his view, without a fresh retail wave, Shiba Inu (SHIB) can rise but is unlikely to break its longer-term range; with a retail surge, he believes the token could “drop a zero” and set a new all-time high. LuckSide situated SHIB’s performance within a broader meme-asset rotation. He contended that the top tier of memes has been diluted as new entrants and brands pulled liquidity from incumbents: “When we look at Dogecoin, we’ve had Shiba Inu pull some of that market cap from Doge… Pepe has pulled some market cap from SHIB… and as each one of these has entered the space and done well… it’s just sucked… some of the life out of these assets.” He emphasized that this dynamic does not mean “SHIB is dead,” only that the ceiling has lowered until new participants arrive. Macro headwinds dominated his account of the past 18 months. He summarized 2025 as a year of “tariffs, economic uncertainty, quantum computing concerns, [and] black swan events,” and described 2024’s late spring and summer as a period of “high interest rates” and “slowing down economy,” with overhangs such as “German government dumping” and “Mt. Gox concerns.” Against that backdrop, he argued, meme coins—“a small percentage of the total market”—typically require “a lively” market and “adoption taking place” to outperform. He framed the current meme-coin capitalization at “$69.88 billion versus the total market cap of crypto which is 4 trillion” to underline how dependent the niche is on incremental retail flows. How High Can Shiba Inu Still Go In 2025? On SHIB-specific fundamentals, LuckSide pointed to what he sees as constructive on-chain behavior: “We’ve seen whale accumulation except for like the last week or so,” and “huge supply removal from exchanges.” He also reiterated a long-standing call about price resilience during the drawdown: “Shiba Inu has not dropped off a zero. While many people said it would, I called… that Shiba Inu would never add back a zero.” Those signals, he said, have “set the table for basically a big Shiba Inu boom” if and when retail returns. His 2025 path splits into two scenarios. If retail continues to lag, he expects SHIB to remain capped within its broader trend, even if reflexive rallies occur: “Let’s say we get up here somewhere in September… that’s… kind of sucks in the grand scheme of things,” he said, arguing that such a move would still leave the token range-bound. If retail adoption is “actually triggered and you see the masses flow into the market… which… is when the meme-coin percentage of market cap really tends to surge,” he believes SHIB could “drop a zero, moving past $0.0001 for the first time ever.”. In his words, “FOMO is a hell of a drug. Supply shock is a hell of a thing to witness in the market.” On timing, LuckSide sees a narrowing window in late 2025 into early 2026 for a renewed meme-coin phase. “Whether that’s here in 2025 still, whether that’s early 2026, I think our window is really closing to where the market is actually going to take off and you’re going to see this big meme-coin boom yet again,” he said. Until then, he counseled patience and focus on on-chain support: “We just have to… understand that we need fundamentals to stay strong, and eventually things are going to work themselves out.” The bottom line of his “honest” assessment is conditional rather than numeric. Absent a fresh retail cohort, SHIB’s upside in 2025 may be incremental. With a decisive retail return—evidenced by “people downloading exchange apps and actually pushing capital into the space”—he argues the token could finally shed a decimal and set new highs. As he put it, “Retail will not always be delayed in getting to the markets… and when it does… we have the potential for SHIB to hit some pretty insane highs.” At press time, SHIB traded at $0.00001212.

Americas Gold & Silver (TSX: USA; NYSE-A: USAS) on Friday said it had traced a high-grade upper extension of the producing 149 Vein at its Galena Complex in Idaho. Drilling returned exceptional silver and copper grades in spots, sending shares higher. Hole DDH 43-317 cut 0.21 metres at 24,913 grams silver per ton (equivalent to 25,312 grams silver per tonne) and 16.9% copper from 110 metres deep. The new intercepts sit roughly 120 metres above the current mining level and could lift mill feed quality, the company said. “Identifying this copper-silver-antimony extension positions us to potentially expand production from an already high-performing vein and enhance mill feed quality,” CEO Paul Andre Huet said in a news release. “This extension positions us to potentially expand production from an already high-performing vein.” Drilling from the 4300 Level returned two more standout hits: 1.05 metre at 2,816 grams silver per ton, 2% copper and 1.05% antimony from 107.44 metres deep. Hole DDH 43-316 returned 2,354 grams silver per ton and 1.7% copper from 106.25 metres depth. Antimony assays for the narrowest intercepts are pending. The 149 Vein currently being mined already contributes 600 – 700-ton cuts averaging 700 – 950 grams silver per ton below the new hits, according to company data. The results sent the company’s Toronto-listed shares up 8.8% by midday at $1.36 apiece. Americas Gold & Silver has a market capitalization of $923.5 million (US$668.3 million). Americas had earlier this week effected a 2.5-for-1 share consolidation; trading on a post-consolidation basis is expected to begin Aug. 26 on both the TSX and NYSE American. Antimony counts Americas’ new 149 Vein hits slot into a back-to-silver pivot. After taking 100% of Galena in December 2024 and securing up to US$100 million to fund growth, the company is trying to lift head grades and throughput at Galena. It further targets more than 80% of revenue from silver by year-end and de-risked concentrate handling by signing a multi-metal offtake to Teck Resources’ (TSX: TECK.A, TECK.B; NYSE: TECK) Trail smelter in British Columbia. The vein sits in the transition between the Upper Revett and St. Regis formations and remains open. Americas has drilled 4,878 metres of a planned 18,100 metres from this station. The vein is a strong candidate currently under review for long-hole open stoping, the company said. The new hits build on other recent exploration gains at Galena. Earlier this month, the company highlighted 3.4 metres at 983 grams silver per ton in the new 034 Vein and outlined an initial target of 1.2 – 1.5 million oz. silver from that structure. The company cautions the bonanza intercepts are narrow and follow-up drilling is still underway to confirm its continuity and mineability. Further infill and step-outs are planned. However, metallurgical tests showed over 90% recovery of the antimony, supporting a new U.S. antimony by-product stream for the company.

Tron (TRX) has entered a period of consolidation following its impressive surge to multi-year highs last week. After strong momentum carried prices upward, the market is now moving in a tighter range, reflecting a phase of recalibration. Despite this pause in price action, the overall structure remains bullish, with higher lows and strong resilience from buyers supporting the trend. Fundamentals continue to play a significant role in driving Tron’s growth. The network’s expanding footprint across decentralized applications, payments, and stablecoin transactions has reinforced confidence among both retail and institutional participants. This resilience has allowed TRX to maintain upward momentum even amid broader market volatility. Data from CryptoQuant suggests that the current phase may represent more than just consolidation. The metrics point to conditions aligning with the formation of a local bottom region, often a precursor to renewed upward movement. As buyers gradually regain dominance and selling pressure begins to fade, analysts highlight the potential for TRX to extend its bullish trajectory. Tron Spot Market Signals Local Bottom According to CryptoQuant analyst Burak Kesmeci, the Spot Taker CVD (Cumulative Volume Delta) has been a highly reliable tool for gauging buyer-seller dominance in the Tron (TRX) spot market over the past year. This indicator tracks whether aggressive buyers or sellers are dominating trades, and its historical performance has produced accurate signals for major price shifts. One notable example was during November–December 2024, when buyer pressure clearly strengthened. The Spot Taker CVD confirmed this shift, and TRX surged by more than 180% in just a few weeks. This case highlights the indicator’s ability to capture market dynamics at critical turning points. Fast-forward to August 2025, and the CVD is once again sending important signals. On August 13, 2025, seller dominance reached its highest point in the past year, marking extreme pressure in the market. However, since then, that dominance has begun to weaken, suggesting that selling momentum is fading. Historically, such conditions often precede a local bottom formation as selling exhaustion gives way to renewed buying activity. Kesmeci points out that the current setup indicates bulls may be regaining strength. If this trend continues, TRX could be on the verge of another strong leg upward. The coming days will be critical, as confirmation of weakening sell pressure may open the door for a renewed rally, further extending Tron’s bullish market structure. TRX Consolidates Below Key Levels The daily chart of TRON (TRX) shows the asset consolidating near $0.3567 after reaching new multi-month highs earlier in August. Despite recent pullbacks, TRX continues to trade well above its key moving averages, with the 50-day SMA at $0.3238, the 100-day SMA at $0.2990, and the 200-day SMA at $0.2693. This alignment reflects a strong bullish structure, as the short-term averages remain stacked above the longer-term ones, confirming that momentum is still in favor of the bulls. The recent consolidation just below $0.38 suggests that TRX is pausing after a strong rally rather than reversing. Price action is holding above the 50-day SMA, which is now acting as dynamic support. If buyers manage to push the price above the recent highs, the next target could be the psychological $0.40 level, with potential continuation toward $0.45. On the downside, a failure to hold above $0.32 would expose TRX to deeper corrections, with the 200-day SMA near $0.27 serving as a key long-term support. TRX remains in a bullish trend, with consolidation signaling a potential base for the next leg upward. Bulls need to maintain support above $0.32 to keep momentum intact. Featured image from Dall-E, chart from TradingView

Dogecoin (DOGE) is again drawing attention with new analysis from an investment data analysis platform, Alphractal points to strengthening network metrics that could pave the way for a significant price breakout. With miners driving hash rate levels toward record highs and long-term valuation models signaling room for growth, the popular meme coin appears to be building a solid base for its next potential move higher. Dogecoin Market Metrics To Spark Breakout In an X social media post on Thursday, Alphractal highlighted that Dogecoin’s underlying blockchain strength may set the stage for a potential breakout. Despite being one of the most volatile assets in the crypto market, Dogecoin’s mining network continues to showcase resilience, with hash rate activity trending toward record highs. Related Reading: Dogecoin Targets $1.25, But This 170% Move Is The Start The latest data shows that Dogecoin’s mean hash rate has steadily climbed since 2020, closely mirroring its price growth, and signaling that miner commitment has persisted and intensified even during long consolidations. This level of mining participation demonstrates miners’ continued confidence and reflects the DOGE network’s growing robustness. With hash rate trending near its highest historical levels, the meme coin’s security and transaction reliability remain well-supported, mitigating concerns over structural weakness. At the core of Alphractal’s analysis is its newly developed Network Stress Index, a metric designed to gauge blockchain health by combining multiple key stress indicators. Higher readings on the stress index typically point to turbulence or instability, while lower values reflect a balanced and secure network environment. Recent readings show that Dogecoin’s network is currently stable, with no immediate signs of systemic stress, opening the door for potential upward momentum. The resilience of Dogecoin’s network metrics may also play a key role as it continues trading around what Alphractal calls the True Market Mean Price. As DOGE consolidates within this range, a strong foundation is being built for a potential breakout that could drive the meme coin toward its next major price milestone. Alpha Price And CVDD Highlight DOGE’s Long-Term Upside Beyond network resilience and hash rates, Alphractal’s models, such as the Alpha Price and the Cumulative Value Days Destroyed (CVDD), provide deeper insights into Dogecoin’s valuation potential. The Alpha Price acts as a sentiment-driven gravitational model, capturing where the asset should trade relative to broader psychological and technical conditions. Related Reading: Dogecoin Open Interest Remains Above $3 Billion, Can Bulls Take Control? Historical alignment between Dogecoin’s market price and the Alpha Price suggests that this model often serves as a reliable compass during rallies and corrections. Meanwhile, the CVDD model has been one of the most accurate indicators for identifying long-term tops and bottoms in UTXO-based blockchains like Dogecoin, Bitcoin, and Litecoin. According to Alphractal, current CVDD readings for Dogecoin highlight how the price is consolidating between the lower and upper bands, mirroring patterns seen ahead of previous major rallies. The analysis reports that the CVDD top currently sits at around $0.54, but this threshold could rise as dormant coins begin moving back into circulation. This dynamic is expected to drive the DOGE price to $1, particularly if heightened network activity sparks a new wave of speculative demand.