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At the SALT conference in Jackson Hole, Rep. Angie Craig (D-Minn.) put words to what many in Washington have been whispering: the President Trump crypto empire is an insider trading scam on the American people. “It’s no secret that my side of the aisle would prefer not to see any sitting President — I won’t name one — participating in this market while a sitting president unless those assets are in a sealed trust,” Craig said. 2016 Trump: Had neocon wranglers and handlers 2020 Biden: Hated crypto and just ate ice cream 2024 Trump is just a mob boss surrounded by yes men who are privatizing crypto for the elites That’s the gist of it. The question is, are these claims true, and are we looking at the next FTX collapse? The Trump Family’s Crypto Ventures Trump, along with his sons Eric and Donald Jr., has been directly involved in the industry since his return to the White House in January. Trump has released meme coins tied to his name, while Truth Social has filed ETF applications. Additionally, Eric Trump co-founded American Bitcoin, a mining company owned by Hut 8. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Craig argued that this dynamic has become “the elephant in the room” for Democrats considering theDigital Asset Market Clarity Act. The ethical concerns aren’t new. Watchdog groups and several lawmakers have flagged the fact that Trump is actively enriching himself while shaping crypto policy. The $TRUMP memecoin dinner, hosted at his Virginia golf club, crystallized those concerns: top token holders were treated to access and recognition, while protesters outside accused the president of self-dealing. “Just because the corruption is playing out in public, where everyone can see it, doesn’t mean that it isn’t rampant, rapacious corruption.” – Sen. Chris Murphy (D-Conn.) Inside the administration, Trump’s “crypto czar” David Sacks has downplayed the issue, insisting his job is about growing the market, not policing Trump’s personal businesses. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 What Comes Next For Trump and Bitcoin BitcoinPriceMarket CapBTC$2.25T24h7d30d1yAll time The Senate Banking Committee is at work on a competing version of the market structure bill and Republicans are pushing in lockstep. Meanwhile, we’ve never seen a President push memecoins, ETFs, and mining interests all at once. Is any of this legal? At the very least, hopefully we don’t see an FTX 2.0. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Trump crypto is raising many ethical red flags. The question is, are these claims true and are we looking at the next FTX collapse? All eyes are on Powell this week. As inflation lingers and labor metrics soften. The post Is Trump Crypto Conflict of Interests The Real FTX of This Bullrun? appeared first on 99Bitcoins.

Is the BNB price breakout dead? Windtree Therapeutics (WINT) shares collapsed 77% Wednesday after Nasdaq confirmed it will suspend the stock for failing to meet minimum bid requirements. Windtree only recently made headlines with a BNB ▲2.19% treasury strategy announced in July. The plan involved a $60 million agreement with Build and Build Corp., plus options for an additional $140 million, making it one of the first U.S.-listed companies to pivot heavily into Binance’s native token. The stock closed at $0.11, down more than 99% year-to-date, according to Yahoo Finance. Binance CoinPriceMarket CapBNB$125.66B24h7d30d1yAll time The BNB Price Casino Claims Another Victim At the time, shares rose more than 30%, but the rally quickly reversed. Within weeks, Windtree stock shed over 90%, erasing nearly all investor confidence. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in August 2025 The company also disclosed a $500 million equity line of credit with an unnamed institutional investor, as well as a separate $20 million pact with Build and Build Corp. to purchase more BNB. However, Windtree has not revealed how much BNB it currently holds or if it plans to continue the strategy after being forced off Nasdaq. Windtree’s unraveling is the latest cautionary tale for companies betting on digital asset treasuries. The model, once pitched as a way to add resilience, has instead left several firms overexposed to crypto downturns. Sharplink, holding Ethereum reserves, recently reported steep losses under the same pressure. Figures from DeFiLlama suggest the problem is systemic: when tokens plunge, treasury-linked stocks follow. Windtree’s reliance on BNB holdings meant its balance sheet was hit at the same time investors were dumping its shares. DISCOVER: Top 20 Crypto to Buy in 2025 Now That Windtree is Dead, What’s Next? Ironically, as Windtree slid into suspension, BNB was setting its own records, rallying 5.6% to $876.26. The broader crypto market had bounced back from two-week lows, but the gains never translated to Windtree’s balance sheet. The split underlines a harsh truth that companies tethered to crypto assets don’t automatically rise with the tokens they hold if investors have already lost faith in the business model. Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Is the BNB price breakout dead? Windtree Therapeutics (WINT) shares collapsed 77% Wednesday after Nasdaq confirmed it will suspend the stock. Ironically, as Windtree slid into suspension, BNB was setting records of its own, rallying 5.6% to $876.26. The post Will NASDAQ Delisting Kill BNB Price Breakout? appeared first on 99Bitcoins.

Arthur Hayes believes the long arc of US policy now points toward money creation on a scale that could push Bitcoin into “multi-million” territory—and, in a more extreme scenario, as high as $15 million per coin. In a wide-ranging interview hosted by CoinFund’s Chris Perkins, the BitMEX co-founder and noted macro commentator tied the path of Bitcoin explicitly to a looming political and institutional showdown at the Federal Reserve, arguing that Jerome Powell can delay—but not ultimately prevent—the return of aggressive stimulus under a Trump administration. Bitcoin To $15 Million Possible Under Trump? From Jackson Hole, where markets are braced for Powell’s remarks, Hayes framed the near-term setup as a test of the Fed chair’s pride and independence in the face of overt political pressure. “Supposedly Powell is this Volcker 2.0… Do I think there’s a high probability that Powell sticks it out and just says f*** you to Trump and doesn’t cut just because he’s a human and human beings don’t like to be put in these sort of situations? Yes,” Hayes said. He added that while “ultimately the Fed will cut at some point,” the chair may refuse to signal imminent easing now precisely to demonstrate autonomy: “What a better way to prove that you are an independent monetary actor than to say no, I’m sticking with my guns.” That posture, however, only postpones what Hayes sees as the inevitable: an overtly inflationary policy mix once Powell is replaced or overruled. “Trump and Scott Bessent have laid out exactly what they want to do. Run it hot, inflationary,” he said, using the interview to expand a thesis he plans to publish next week on how Washington could weaponize stablecoins to finance the state while marginalizing the Fed’s control over front-end rates. In a line that doubles as both meme and policy critique, Hayes previewed his framing: “I changed the meme… it’s going to say it gets, you know, it puts the dollars on its skin or it gets the sanctions again.” Hayes contends the policy lever is straightforward: pull trillions sitting in the offshore eurodollar system into on-chain dollar stablecoins by withdrawing de facto guarantees for non-US bank branches and by deputizing US big-tech platforms to distribute yield-bearing dollar accounts globally—backed by Treasury bills. He estimates the total addressable pool at $10–13 trillion from eurodollars alone, with additional “foreign retail deposits” across emerging markets. Once that capital sits in stablecoins, he argues, the Treasury can place bills “at whatever price [it] wants, unconstrained by what Powell or whoever his successor does,” effectively neutering Fed funds while creating a “sink of tens of trillions of dollars” to finance deficits. The geopolitical enforcement mechanism, in his telling, is blunt: deny access to US financial rails—or sanction foreign elites—if local regulators resist. The market impact, he says, is unambiguously bullish for crypto. With on-chain dollars paying a modest yield, users can frictionlessly move into basis-trade tokens, spend with crypto cash cards, and post stablecoins as collateral across DeFi. “TVL… should go into the tens of trillions pretty quickly if… US monetary authorities follow through on this national policy of pro-stablecoin and let’s shove dollars to all these places in the world.” Against that backdrop, Hayes places Bitcoin at the apex of the risk spectrum. He calls it “the best performing asset in human history since it launched in 2009,” and rejects the idea that latecomers have missed the move: “I wouldn’t say that just because you’re coming in at 2025 and Bitcoin’s at 120,000 or whatever it is that you’ve missed the boat. We still have a long way to go.” Pressed on price, Hayes links the $15 million figure to a particular personnel outcome at the Fed: “If that guy [Zervos] gets in, you know, Bitcoin will be at like 15 million because he’s just going to do yield curve control, you know, printing money, immediate 300 basis point cuts.” While not a base case, the scenario illustrates his conviction that the political economy points to structurally looser policy—and structurally higher Bitcoin. In the immediate term, Hayes remains fully invested and is prepared to buy weakness around Jackson Hole. “If… Powell… doesn’t talk about cuts at all and market tanks 15–20%, I’ve got some extra cash and I’ll be going shopping.” At press time, BTC traded at $113,569.

Crypto markets move at breakneck speed, and Solana tops the charts in fast, low-cost token launches that can skyrocket in hours – and then fade away just as quickly. Traders who act swiftly gain an edge, yet the biggest hurdle is recognizing momentum before it’s too late. Enter the Solana Volume Bot, a powerful AI-based tracker that gives traders first-mover insight into surging activity. Spot market moves before the mass alerts and get ahead of the competition. Volume as the Leading Signal of Market Momentum Solana dominates DEX volume, widening its lead over Ethereum throughout mid-2025. In July alone, Solana recorded $124B in DEX volume – 56% more than June – and surpassed Ethereum for the tenth straight month. Bots accounted for 62% of that volume, a testament to how automation now powers much of Solana’s trading activity. Traders are deploying more automation tools and bots than ever – but the process isn’t perfect, and a high rate of failed transactions indicates the presence of bot-driven activity. Ironically, the dominance of bot-driven trading makes the Solana Volume Bot even more necessary, as tracking real-time volume spikes – not just price movements – is crucial. The Solana Volume Bot does exactly that, letting you react to bot-driven flows while the crowd still sleeps. How It Works: Intelligent, Realistic Volume Simulation The bot deploys AI-powered tracking across major Solana DEXs, including: Raydium Meteora Pump.fun LetsBonk It isn’t just Solana, either; the Volume Bot also supports BSC, Base, and custom AMMs. The Solana Volume Bot injects organic-looking volume from fresh wallets. That means each trade originates from a unique address in order to mimic real retail behavior and avoid detection by DEX anti-bot filters. Trade size, timing, and frequency are randomized. As campaigns execute, traders can read the market while strategically boosting select tokens to achieve preset goals. Designed for Traders & Launch Teams Alike For traders, the bot produces real-time alerts for newly launched tokens hitting volume thresholds or trending on DexScreener. For project teams, the volume bot can produce instant visibility and trending status post-launch without requiring technical deployment. The interface runs through a one-click Telegram setup and includes options like 100K, 500K, 1M, or 10M+ volume packages. Unlike other bots, the Volume Bot isn’t focused on price movements. That’s because price movements often follow volume – and by deploying a bot to influence volume increases, traders can exert pressure on token price. The Solana Volume Bot gives traders greater control than they would otherwise have, without compromising natural market patterns. In fact, the tool works best when using bot-driven volume in tandem with real promotions and transparency to build trust. Recent Momentum & Industry Response With Solana’s ecosystem booming with real value throughput and DEX volumes skyrocketing in the first half of 2025, the competition for attention is fierce Automated tools are essential in Solana’s rapid environment, but not all bots are created equal. Responsibly designed mechanisms like the Solana Volume Bot, focused on organic-looking triggers and ethical disclosure, can carve out a unique space in Solana’s fertile ecosystem. Ready to make your move? Start tracking real, dynamic trading momentum across Solana and beyond. Opt into your free 25-transaction trial now, and begin spotting momentum from the very first block. As always, do your own research; this isn’t financial advice.

Coinbase CEO Brian Armstrong says Bitcoin could hit $1 million by 2030 as he cites US regulation, institutional demand and shrinking risks. While on the ‘Cheeky Pint’ Podcast on 20 August 2025, Armstrong said, “The rough idea I have in my head is, we’ll see a million dollar Bitcoin by 2030 and there’s high error bars around these things. To give you a couple of data points -we’re starting to see regulatory clarity emerge in the US, which I think is a bellwether for the rest of the G20. You have The GENIUS Act passed for stablecoins. This market structure bill is being debated in the Senate – fingers crossed something could happen by the end of this year.” According to the Coinbase CEO, eventually as stocks get tokenized and people will want to get a loan, they’ll use crypto without even really knowing it. “It’s like they may not know how electricity works, but they can turn on a light switch,” he said. While Jack Dorsey and Cathie Wood have both floated $1 million or higher by 2030, market voices including Anthony Scaramucci suggested shorter-term upside into the $180,000-$200,000 range within months. Armstrong’s call comes as Bitcoin trades near record territory. BTC recently set new all-time highs above $124,000 before returning to the mid-$110,000s. BitcoinPriceMarket CapBTC$2.26T24h7d30d1yAll time Explore: Up to 18 Democrats Could Back Senate Crypto Bill “Bitcoin Will Eventually Be Bigger Than Gold” “Bitcoin has a store of value that’s inflation-resistant,” said Armstrong. “It’s not to be underestimated. That’s also a $20 trillion opportunity with gold as a comparable—but better than gold.” Armstrong insisted that Bitcoin will “eventually be bigger than gold.” “If that’s all crypto ever was, that’s already enormous,” he said. “But we’re starting to see borrowing and lending, capital formation.” Armstrong also highlighted a sovereign engagement and a US Strategic Bitcoin Reserve as signs that existential risks to Bitcoin are receding. DISCOVER: Best Meme Coin ICOs to Invest in 2025 “Congress is really good at doing two things – nothing and overreacting in moments of crisis” After trying to make progress in DC and after trying to advocate for legislation, Armstrong said he realized that “it’s kind of rare for Congress to act.” “We realized that a certain point we had to generate a political will to do this and we had 50 million people in the US who had used crypto. We said, “Let’s try to get them organized.” We got 2 million of these folks in the US to raise their hand and say they wanted to elect pro-crypto candidates. I remember I was talking to our policy team and I said, “let’s put a scorecard A to F of every politician in this upcoming election ( last November.)” DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Key Takeaways Armstrong’s call isn’t an outlier anymore—but it still depends on a sequence of policy, market, and macro developments breaking in Bitcoin’s favor over the next five years. For now, the signal is clear: more blue-chip voices are publicly anchoring decade-end scenarios in the seven figures, and they see 2025’s regulatory milestones as an inflection point for the asset’s next phase. The post “We’ll See $1 Million Per Bitcoin By 2030,” Says Coinbase CEO Brian Armstrong appeared first on 99Bitcoins.

Harvard economist Kenneth Rogoff, who declared in 2018 that Bitcoin was more likely to crash to $100 than rally to $100,000, has returned. He indirectly admitted he was wrong and outlined reasons why his prediction fell through. Harvard Economist Breaks Silence On Missed Bitcoin Prediction In an X post, Rogoff identified himself as the Harvard economist who said that Bitcoin was more likely to be worth $100 than $100,000. He then went on to comment on what he missed when he made this prediction. First, the economist said that he was far too optimistic about the U.S. coming to its senses about sensible crypto regulation. Rogoff, who was the former chief economist of the International Monetary Fund (IMF), indicated that the Donald Trump administration has gone about Bitcoin and crypto regulation in the wrong way. He questioned why policymakers would want to facilitate tax evasion and illegal activities, likely in reference to regulations such as the GENIUS Act, which have provided regulatory clarity. It is worth mentioning that one of the reasons the Harvard economist had predicted that Bitcoin was more likely to go to $100 was based on his belief that government regulation would trigger lower prices. He had made this prediction when BTC was trading at around $11,000. Rogoff claimed back then that the flagship crypto needed global regulation to crack down on its use for money laundering. The former IMF chief believed that if this regulation took away the possibility of money laundering and tax evasion, then Bitcoin’s actual use cases for transactions were very small. As such, he was banking on BTC lacking any demand, which would drive its price lower rather than higher. However, that hasn’t been the case as government regulation has only boosted Bitcoin’s demand. The flagship crypto rallied to $100,000, a price level Rogoff said it won’t reach, for the first time last year following Donald Trump’s victory. Meanwhile, BTC has reached new highs on the back of regulatory clarity, including its rally to a previous all-time high (ATH) just before the passage of the GENIUS Act last month. Further Reasons For The Missed Prediction The Harvard economist also stated that he did not appreciate how Bitcoin would compete with fiat currencies to serve as the transaction medium of choice in the $20 trillion global underground economy. He further remarked that this demand puts a floor on its price. In addition to being a transaction medium of choice, BTC has also gained a reputation as a store of value, which has created demand for it among traditional finance (TradFi) investors. These investors have gained exposure to Bitcoin mainly through the ETFs. Interestingly, Harvard recently revealed a $117 million stake in BlackRock’s BTC ETF. Lastly, Rogoff said that he did not anticipate a situation where regulators, especially the regulator in chief, would be able to brazenly hold hundreds of millions or even billions of dollars in crypto without consequence, considering the “blatant conflict of interest.” At the time of writing, the Bitcoin price is trading at around $113,600, up in the last 24 hours, according to data from CoinMarketCap.

Wall Street economists have been scratching their heads over Bitcoin and crypto, calling them non-textbooks puzzle and confusing. They, traditional economists, are used to centralized systems, where banks and governments call the shots.Bitcoin nature, running without a middleman, has likely retracted their hairline. Bitcoin has been challenging old ideas, while Economists lean on fiat systems, where value comes from trust in institutions. Crypto, however, flips this as its fixed supply defies inflationary policies, making it a hedge against central bank overreach. This overreach mostly disrupts Wall Street, not causes confusion. BitcoinPriceMarket CapBTC$2.26T24h7d30d1yAll time DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy This Year Bitcoin Is Not Confusing, And Wall Street Might Be Wrong Wall Street’s finest are struggling to grasp currencies that have no one in control. Crypto and Bitcoin use blockchain as a public ledger. Every crypto transaction is verified by miners globally, not a single authority. This decentralization cuts costs, speeds up cross-border payments, and sidesteps bureaucratic red tape in traditional finance. Economists, trained in regulated markets, find this lack of oversight baffling. Yet, it’s why Bitcoin thrives, as nobody can manipulate and bring a confusing outcome. Crypto leads by Bitcoin sees this as a feature, not a flaw. Wall Street confusion likely deepens with Bitcoin price swings. Economists use to see volatility asinstability, but it is actually happening because adoption cycles and market sentiment. Though, not all Wall Street institutions find it confusing, players like BlackRock has now hold Bitcoin via ETFs. This ETFs is helping crypto becomes more legit. Some of Wall Street Economists are missing on Bitcoin as they are stuck on old financial models. Decentralization empowers users and holders, not banks, and that shift scares the establishment. Imagine a world where what happens to a country’s currency is decided by the people, the holders of the money, not the government. That is crypto, which lets people make decisions through a DAO or Decentralized Autonomous Organization. While economists debate, Bitcoin and crypto keep growing, proving their value through utility as digital gold or oil. Wall Street will catch up, and Bitcoin won’t wait; crypto will thrive as adoption grows. -Follow 99bitcoins live feed here for the latest Bitcoin and Crypto news.- DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates 1 hour ago ETH USD Hit Bottom: Reversal Coming? By Akiyama Felix ETH has been trading around $4,300 against USD since yesterday, a follow-the-pattern bounce after a dip to the $4,000 area earlier this week. Ethereum is consolidating after testing key supports, just like Bitcoin did after Germany sold the country stake. Right now, though, smart analytics are pointing to a potential local bottom after for ETH ▲1.45%. Based on technical patterns and institutional flows, the next pump could be imminent. EthereumPriceMarket CapETH$517.47B24h7d30d1yAll time DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy This Year Read the full story here. The post [LIVE] Bitcoin Is Confusing Says Wall Street Economists: How Decentralization Beats Traditional Finance appeared first on 99Bitcoins.

Dogecoin is getting a lift with news of a $153.8 million deal as Thumzup Media Corporation will acquire Dogehash Technologies with its shares, marking one of the most significant transactions in the Dogecoin ecosystem to date. With Thumzup’s digital-asset strategy and Dogehash’s large-scale mining operations, the two companies are setting the stage for a robust expansion. A $153.8 Million Deal To Build The Biggest Dogecoin Miner The agreement between Thumzup Media and Dogehash Technologies comes with a clear goal: to build the world’s largest Dogecoin mining platform. The multi-million dollar all-stock deal will create a new company called Dogehash Technologies Holdings, Inc.. Once finalized, this new entity will trade on the Nasdaq exchange under the ticker XDOG. Thumzup has strong skills in digital money and ways to grow it, while Dogehash has many years of experience running large mining operations. By joining forces, Thumzup and Dogehash could combine their skills and resources to grow much bigger than they could alone. Through the merger, the company can now enter Nasdaq’s public markets, where new investors may step in to support Dogecoin. Backed by the million-dollar all-stock deal, the new entity could use Thumzup’s growth expertise and Dogehash’s mining strength to secure a leading position in the Dogecoin mining sector. As a result, Dogecoin, one of the most popular meme coins in the world, may see more mining activity. Expanding Mining Power With A Green Energy Push Dogehash Technologies currently operates approximately 2,500 Scrypt ASIC miner machines, which mine Dogecoin (DOGE) and Litecoin (LTC) daily across North America. But the company is not stopping there. Over the next two years, Dogehash plans to add renewable-energy-powered data centers to the mix, expanding its mining fleet through 2025 and 2026. Since electricity accounts for most of a miner’s expenses, this strategy could make Dogehash more competitive in the long run. Dogehash could increase its mining capacity by using cleaner energy while reducing its environmental footprint, an approach with the potential to make it one of the leaders in sustainable crypto mining, a growing concern in the digital asset industry. Dogehash plans to roll out DogeOS, Dogecoin’s Layer-2 protocol, to make mining more efficient. DogeOS lets miners earn extra rewards through DeFi tools like staking and liquidity pools, on top of regular block rewards. For miners, that means more ways to boost returns; for the Dogecoin network, it means more substantial support and more activity. These tools will provide Dogehash with numerous opportunities to expand its earnings and participate in various financial products associated with mining. The company will not only look for ways to increase its mining profits but also explore other revenue streams that can add to its strength. With these steps, Dogehash Technologies Holdings could extend beyond merely creating more coins and develop a more robust and reliable system that supports the Dogecoin community and provides users with long-term value.

The Japanese yen is slightly lower on Thursday. In the European session, USD/JPY is trading at 147.87, up 0.39% on the day. Japan's inflation expected to continue slowingJapan releases the July inflation report on Friday. The markets will be especially interested in the core rate, which is expected to ease to 3.0% y/y, from 3.3% in June. Core CPI includes energy but excludes fresh food Core CPI has remained above the Bank of Japan's 2% target for over three years but the central bank has been slow to raise interest rates. BoJ Governor Ueda has said that the Bank will not raise rates until underlying inflation, which is generated by domestic demand and wages, is sustainably at 2%. The BoJ raised rates to 0.5% in January but took its foot off the rate-hike pedal when Donald Trump became President and imposed a hard-hitting tariff policy which shook up the financial markets. Now that the US and Japan have reached a trade agreement and greatly reduced the uncertainty over tariffs, a major obstacle to raising rates has been removed. Fed minutes point to dissension The Federal Reserve released the minutes of the July meeting on Wednesday. The Fed's decision at the meeting to maintain rates was widely expected but the meeting made headlines when two FOMC members went against the majority and voted for a rate cut. This was the first time in over 30 years that more than one member voted against a rate decision. The minutes reflected this dissension, noting the differing views on the Fed's dual mandate of inflation and employment. The economy faces an upside risk to inflation and a downside risk to employment, complicating rate decisions. At the meeting, the majority judged higher inflation as the greater risk while the minority believed that the deterioration in the labour market was the greater risk. The Fed is widely expected to lower rates in September, after holding rates since December 2024. USD/JPY USD/JPY has pushed above resistance at 147.33 and is testing 147.79 Above, there is resistance at 148.28146.84 and 146.38 are providing support USDJPY 1-Day Chart, Aug. 21, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

This is a follow-up analysis and update of our prior report, Nasdaq 100 Technical: Eyeing a new fresh all-time high, supported by momentum and flattening US Treasury yield curve, published on 7 August 2025. The price actions of the US Nasdaq 100 CFD Index (a proxy of the Nasdaq 100 futures) have staged the expected bullish move, hit the first medium-term resistance level of 23,890, and printed a fresh all-time high of 23,986 on last Wednesday, 13 August. Thereafter, it staged a decline of -4.2% over five trading sessions to record an intraday low of 22,970 on Wednesday, 20 August, due to overvaluation risk as the Nasdaq 100 has surged the most by 38% among the benchmark US stock indices since 7 April, ex-post US “Liberation Day” tariffs announcement. In addition, the fear of an Artificial Intelligence (AI) bubble has resurfaced, where OpenAI CEO Sam Altman warned of an AI bubble last week, adding that some AI start-ups with “three people and an idea” have received funding at such high valuations. Fundamental and technical signals suggest the Nasdaq 100’s major uptrend remains intact, with the latest pullback viewed as a minor correction rather than the start of a broader downtrend. AI bubble fears overblown Fig. 1: Nasdaq 100 12-month forward EPS growth & PE Ratio as of 20 Aug 2025 (Source: MacroMicro) The 12-month forward earnings per share (EPS) growth of the Nasdaq 100 have only just started to improve in the past three months, after it dropped from 30.8% y/y recorded in May 2024 to 12.5% y/y in May 2025, before it rebounded to 14.6% y/y in August (see Fig. 1). Even though the valuation of the Nasdaq 100, measured by the 12-month forward price-to-earnings (PE) ratio, has increased to 27.15 in August after the 38% rally ex-post US “Liberation Day, its forward PE ratio is still below the prior peak of 31 printed in January 2024. Hence, with EPS growth improving and the PE ratio below the prior peak, the Nasdaq 100 still has “ammunition” to potentially scale higher highs. Fig. 2: US Nasdaq 100 CFD Index minor trend as of 21 Aug 2025 (Source: TradingView) Preferred trend bias (1-3 days) Bullish bias with key pivotal support at 22,960/22,945 with intermediate resistances at 23,420 and 23,660. A clearance above 23,660 is likely to increase the odds of a potential fresh bullish impulsive up move sequence for the next resistance to come in at 23,930 (current all-time high area) in the first step (see Fig. 2). Key elements The recent five days of decline have stalled at the 50-day moving average, the pull-back support of the former upper boundary of the long-term ascending channel from the March 2020 low, and the 76.4% Fibonacci retracement of the prior up move from the 1 August 2025 low to the 13 August 2025 high.The 22,960/22,945 is a key inflection zone of the US Nasdaq 100 CFD Index where a potential bullish reversal may occur.The hourly RSI momentum indicator has staged a bullish breakout above a former parallel descending resistance after it dropped to an oversold condition on Wednesday, 20 August. These observations suggest that the prior bearish momentum has started to ease.Alternative trend bias (1 to 3 days) The key near-term risk event will be the US Federal Reserve Chair Powell’s speech at the Jackson Hole Symposium on this Friday, 22 August, for hints on whether Powell will shift to the dovish camp from his current staunch “wait and see” approach on US monetary policy. A break below the 22,945 key support invalidates the bullish tone and puts the medium-term uptrend phase in jeopardy to open the scope for an extension of the corrective decline to expose the next supports at 22,680 and 22,420. 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.

ETH has been trading around $4,300 against USD since yesterday, a follow-the-pattern bounce after a dip to the $4,000 area earlier this week. Ethereum is consolidating after testing key supports, just like Bitcoin did after Germany sold the country stake. Right now, though, smart analytics are pointing to a potential local bottom after for ETH ▲1.45%. Based on technical patterns and institutional flows, the next pump could be imminent. EthereumPriceMarket CapETH$517.47B24h7d30d1yAll time DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy This Year ETH to Blast as High as 15K Against USD ETH USD has been in a price breakout from a two-year downtrend, but the weekly chart has been flipping structure since July. The EMA 5/10/30 has crossed the bullish line for the first time since 2022. MACD is turning positive in higher timeframes, especially with the huge volume that has subsided the selling pressure. On balance, the huge trading volume has avoided new lows, a pattern of downside exhaustion. Spot ETF inflows is still going strong, with institutions like BlackRock adding over 65,000 ETH last week. ETH/BTC pair appears bottomed at 0.018 area last April, and now it’s pushing toward 0.04 resistance. A pump above this will give altcoins strength, and eventually leads to a full blown bull run. (ETH/BTC) The falling wedge pattern on the daily chart has broken upward, targeting above $4,800 for a new ETH USD all-time high. Even trading options data shows heavy calls at $5,000 for the next month’s expiry. Once ETH USD reclaims the $4,560 area, it will set up for higher prices, which confirms an inverse head-and-shoulders formation for a bounce higher than $5,000. (ETHUSD-Inverse HnS) However, August is historically a bearish month for ETH, with some years closing at -60%. Again, however, the potential Fed rate cuts will force an ultrabullish period for crypto. Standard Chartered even eyes $7,500 ETH USD by year-end, while some project $8,000 to $15,000 amid ETF approvals. Institutional demand is something that we should never forget. ETH USD bottom has been established. Altseason will follow once ETH goes. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy This Year DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways ETH has been trading around $4,300 against USD since yesterday. ETH USD has been in a price breakout from a two-year downtrend, but the weekly chart has been flipping structure since July. The post Is The Bottom In For ETH USD? Analyst Predicts Ether Heading For Breakout appeared first on 99Bitcoins.

Overview: The broad consolidative tone in the foreign exchange market is continuing today even though nearly all the preliminary August PMI readings showed improvement, including the first time since Russia's invasion of Ukraine that the eurozone's manufacturing PMI is above the 50 boom/bust level. Still, outside of the Norwegian krone, lifted by a stronger-than-expected Q2 GDP (mainland 0.6% vs 0.3% expectations, and Q1 growth was revised to 1.2% from 1.0%, quarter-over-quarter), the G10 currencies are in a narrow range (+/- 0.15%). Emerging market currencies are mostly lower. Equities have not responded as well to the favorable PMI reports. Japan and Hong Kong equities fell, while Taiwan and Australia led the region with more than 1% gains. Chinese stocks were mixed, but the Shanghai Composite extended its dramatic rally. The Stoxx 600 three-day rally in Europe is under threat, and US index futures are nursing small losses. European 10-year yields are around 2 bp higher, but the 10-year Gilt yield is up nearly four basis points. The 10-year US Treasury yield is up about 1.5 bp to above 4.30%. Weak equities and a solid reception to the 20-year bond auction yesterday saw the 10-year yield slip to almost 4.27% yesterday, the low for the week. Gold initially extended yesterday's nearly 1% rally but encountered selling pressure as it rose above $3350. It is trading near $3340 now, after settling last week slightly above $3336. October WTI is bid at a seven-day high near $63.40. Resistance is seen in the $64.20-35 area. USD: The Dollar Index made a marginally new six-day high yesterday near 98.45, where the 20-day moving average was found. It was sold after President Trump called for the resignation of Federal Reserve Governor Cook over some claims of that she received mortgages in two different states, claiming each would be her primary residence. There has been no investigation. DXY steadied near 98.10. It is trading within yesterday's range today. Of the slew of US data today, two reports stand out. The first is weekly jobless claims. Recall that last week, the four-week moving average rose for the first time since mid-June. Net-net continuing claims are little changed from late May levels. The second is the preliminary PMI. The manufacturing PMI held above the 50 boom/bust level in H1 25 after being below 50 throughout H2 24. It slipped to 49.8 in July and may have slipped more in August. The composite PMI rose to 55.1 in July, a new high for the year. If we are right and the economy is losing momentum, the composite PMI is likely softening this month. EURO: On the back of Trump's thinly veiled attempt to secure another nomination to the Federal Reserve, the euro was bid to within 1/100 of a cent of the $1.1675 level, where slightly more than 1.1 bln euro in options expired. The euro had initially seen some follow-through selling after falling Monday and Tuesday. It found support near the 20-day moving average, slightly below $1.1625. That has held today, and the euro recovered to almost $1.1665. The preliminary August composite PMI rose to a new high for the year 51.1 (from 50.9). Of note. the manufacturing PMI rose every month this year and is now above 50 (50.5) for the first time since Russia's invasion of Ukraine. Separately, both Germany and France's composite PMI firmed, but the former remained above 50 and the latter, below. CNY: Yesterday, the dollar traded on both sides of Tuesday's range and settled below Tuesday's low (~CNH7.1820). The "outside down day" is often seen to reflect bearish psychology. Follow-through selling pushed the dollar to almost CNH7.1715 today. However, the currency is actively managed and remains the trading range that has dominated since August 2 of about CNH7.1680-CNH7.1980. After setting the dollar's reference rate higher on Tuesday and Wednesday, the PBOC set it at CNY7.1287 (vs. CNY7.1384 yesterday), a new low since last November. JPY: After briefly poking above JPY148 on Tuesday, the dollar was sold to almost JPY147 yesterday. The dollar was broadly weaker following after President Trump called for the resignation of a Federal Reserve governor. If Chair Powell does not resign after his term as governor when his term as chair ends, there are no other scheduled seats for Trump to fill until 2028. Weaker US equities and soft US yields may have helped the yen. It is trading quietly today in about a JPY147.25-JPY147.70 range. The foreign exchange market typically does not respond much to Japan's PMI. The composite finished last year at 50.5 and was at 48.9 at the end of Q1 25. though we now know the economy expanded by 0.6% at an annualized. It rose to 51.5 at the end of Q2, the highest since February, and the initial estimate of growth was 1.0% annualized. The preliminary estimate is 51.9 in August from 51.6 in July. Outside of June, when the manufacturing PMI rose above 50 (50.1), it has been consistently below there since the end of H124. It rose to 49.9 in August (from 48.9 in July). GBP: Sterling stuttered yesterday, after the higher-than-expected July CPI. It recorded the session high after the data near $1.3510. Yet through most of the European and early North American session, sterling trended lower. It fell slightly below $1.3450 in late North American dealings, a new low for the session. Today, sterling initially extended its losses for a fourth consecutive session, falling to $1.3435 to approach the next area of support near $1.3415-20. It recovered to almost $1.3485 in Europe, helped by a jump in the preliminary composite PMI. It rose to a new high for the year (53.0 from 51.5). Still, the PMI fell for the first time in six months (47.3 from 48.0) and has not been above the 50-threshold since last September. The services PMI jumped to 53.6 (from 51.8), the best since last August. CAD: The greenback reached CAD1.3885 today, its highest level in nearly three months. A foray above CAD1.3900 may find little resistance ahead of CAD1.40. Initial support is seen near yesterday's low (~CAD1.3855). What has shifted is the risk of another Bank of Canada rate cut this year. In late July, the swaps market was 50-50, but now the cut is nearly fully discounted. The implied rate in 12 months has fallen by more than 20 bp since the middle of July. Canada reports July industrial product prices and raw materials price index, but they tend not to have much market impact. AUD: The Australian dollar fell for the third consecutive session yesterday and is threatening to extend the streak today. It peaked last week near $0.6570 before reversing lower. It fell to $0.6415 today, a marginal new low for the month. The daily momentum indicators warn of more downside risk. A break of $0.6400 could spur a move toward $0.6355-85. The composite PMI rose to 54.9 (from 53.8), a new cyclical high. It was at 50.2 at the end of last year. Australia is one of the few G10 countries that the manufacturing PMI remained above 50 this year. The preliminary August estimate is 52.9 (51.3 in July). The services PMI stands at 55.1 (54.1 in July). MXN: The peso continues to trade quietly. The US dollar remains in the range set on Monday: ~MXN18.7120-MXN18.8675. Yesterday, the dollar did not trade above MXN18.85 or below MXN18.74. So far today, it is in about an MXN18.7670-MXN18.8120 range. Mexico reports June retail sales today, and after a dramatic 1.8% jump in June, a modest pullback should not surprise. The minutes from the recent central bank meeting will be released. We know that the overnight target rate was cut by 25 bp (to 7.75%), though Deputy Governor Heath dissent in favor of leaving policy unchanged. The central bank signaled scope for additional cuts. The swaps market is discounting a terminal rate near 7.25%. Tomorrow, in addition to another look at Q2 GDP (0.7% quarter-over-quarter), Mexico reports CPI for the first half of August, and a small acceleration in the year-over-year pace is expected. Disclaimer

BTC USD surged to all-time highs in August, breaking $123,000 and peaking at $124,700. Since then, it has been a rollercoaster for optimistic Bitcoin traders. Although prices briefly stabilized last weekend, the early-week dump has yet to reverse. The world’s most valuable coin remains capped within the bear bars of August 18 and 19. (Source: TradingView) DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 BTC USD Shaky: What’s Next? Will Bulls Return and Stop the Bleeding? The daily chart shows the uptrend from early April remains intact. As expected, BTC ▼-0.28% prices didn’t rise linearly. It took weeks for bulls to rebound from $74,000 to $100,000. Once prices broke $110,000, Bitcoin bulls gained momentum, pushing bears back and hitting all-time highs. BitcoinPriceMarket CapBTC$2.26T24h7d30d1yAll time However, despite the rapid climb to $124,000, prices reversed immediately. Since August 14, BTC USD has trended lower and may fall below the psychological $110,000 level. If this happens, analysts expect a wave of long liquidations, possibly accelerating the sell-off to $100,000 or lower. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Eyes on Spot Bitcoin ETF Inflows and RRP Several fundamental factors will determine whether bulls find support or sellers press on. At the forefront are inflows to spot Bitcoin ETFs. Recently, institutions have been redeeming shares for BTC, possibly selling in secondary or OTC markets. If inflows don’t resume soon, retail investors may see this as a bearish signal and exit to secure profits. While institutions play a role, an analyst on X suggests Bitcoin and crypto may decline further due to the Federal Reserve’s actions, particularly as it rebuilds its reverse repo facility (RRP). In recent months, the RRP balance has dropped to near-zero, creating uncertainty about future liquidity injections. The Federal Reserve’s overnight Reverse Repo Facility (RRP) allows eligible institutions, like regulated banks and money market funds, to park excess cash at the central bank in exchange for treasury securities, earning a small yield. A high RRP balance signals excess liquidity in the financial system, while a low balance indicates tighter liquidity, with less cash flowing to risky assets like crypto. Analysts view a low RRP balance as a sign of reduced liquidity. DISCOVER: 20+ Next Crypto to Explode in 2025 Why the Federal Reserve’s RRP Balance Matters for Bitcoin and Crypto As of August 20, the RRP balance was $35 billion, the lowest since April 2021, down from $214 billion at the end of July. If more funds are withdrawn, the balance could hit zero by the end of the month. This decline is largely due to the Treasury issuing short-term bills to rebuild its Treasury General Account (TGA), siphoning cash from the financial system. (Source: Federal Reserve) Since Bitcoin is a risk asset, it thrives in high-liquidity environments where cash is abundant, allowing institutions to speculate. As liquidity tightens, investors may pull back from speculative assets like Bitcoin and top Solana meme coins, exacerbating the sell-off. Historical patterns support this. In 2022, Bitcoin crashed to $15,500 after the RRP balance peaked at over $2 trillion. As the RRP drained in 2023, Bitcoin prices rose with increased liquidity. With the RRP nearly depleted and the Treasury rebuilding its TGA, excess cash will likely be absorbed, driving Bitcoin and some of the best cryptos to buy lower from current levels. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 BTC USD Under Pressure, Will Bitcoin Price Recover Above $125k? BTC USD drops from $124,700 peak, risking a fall below $110,000 Institutional redemptions of spot Bitcoin ETF shares signal bearish sentiment A low RRP balance of $28.8B signals tighter liquidity, which is hurting crypto Bitcoin’s sell-off may drag Solana meme coins and other risk assets lower The post BTC USD Weak: Here’s Why Bitcoin Traders Are Bracing for Tough Times appeared first on 99Bitcoins.

The world is witnessing the rise of the dollar-pegged stablecoin. However, China, for one, is not happy with its growing dominance in global finance. A Chinese stablecoin might be on the horizon as the country explores yuan-backed stablecoins, in a major pivot towards digital assets. According to an article published by Reuters on August 21, 2025, the Chinese Council is exploring ways to internationalise the Yuan and is reportedly set to review a roadmap for the same later this month. This plan includes the development of a Chinese stablecoin. Sources indicate that this initiative is a direct response to the growing influence of US dollar-pegged stablecoins, such as USDT and USDC, which have become a cornerstone of the global cryptocurrency markets and are being increasingly used in cross-border transactions. According to Reuters, Hong Kong and Shanghai will serve as launchpads for this project, where high-level leadership are to convene a study session on stablecoins to develop the state’s policy for the Chinese stablecoin. EXPLORE: Top 20 Crypto to Buy in 2025 Chinese Exporters’ Use Of USDT, USDC Drives Chinese Stablecoin Pivot The dominating position held by the dollar-pegged stablecoins has sparked an urgent decision in China to pivot to a yuan-backed stablecoin. Since stablecoins are mostly used for cross-border transactions, a stablecoin pegged to the dollar gives the US a major advantage over China. According to the Bank for International Settlements, US-pegged stablecoins make up over 99% of the global stablecoin supply. However, what caused the Chinese to pivot to stablecoins is the growing use of dollar-pegged stablecoins by Chinese exporters, as noted by Reuters’ report. This is a major cause for concern for the Chinese authorities since each transaction settled in either USDT or USDC further contributes to the dollar’s dominance and also helps to contribute to a parallel financial infrastructure that bypasses traditional oversight. Growing usage of the USDT or the USDC in China further haemorrhages the efforts made by the Chinese authorities to internationalise the Yuan. The Shanghai Cooperation Organisation Summit set to take place in Tianjin later this month will serve as the diplomatic debut for China’s new financial strategy. Discussions will likely centre around the promotion of yuan-based settlements and introducing its early-stage stablecoin to member states as Beijing pushes for a multipolar financial landscape that is less dependent on Western financial systems. EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now People’s Bank Of China To Lead The Charge According to the report, the People’s Bank of China and other domestic regulators will implement the plan. This sudden pivot to stablecoins is in contrast to China’s blanket ban on crypto, first introduced in 2021 and recently reinforced. In 2021, Chinese authorities enforced a ban on crypto trading and mining due to concerns regarding speculative risks and financial stability. The ban specifically targeted decentralised, privately issued assets that were beyond regulatory control. In contrast, their pivot to stablecoin represents centralised control where authorities can leverage blockchain’s technical advantage. In this situation, the state is repurposing crypto, without adopting its ethos to realise its geopolitical objectives. EXPLORE: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Key Takeaways Chinese authorities are exploring a Chinese stablecoin alternative to counter the dollar’s dominance People’s Bank of China and other domestic regulators will implement this new financial plan The growing use of dollar-pegged stablecoins by Chinese exporters sparked China’s pivot to stablecoins The post Beijing Explores A Chinese Stablecoin Solution To Counter Dollar’s Dominance appeared first on 99Bitcoins.

Bitcoin’s near-term path, argues macro commentator Bruce Florian–founder of the Bitcoin Self-Custody Company Schwarzberg and a bestselling author–is being set far from crypto order books and deep inside the US money markets, where a once-enormous pool of excess cash has finally run dry. In a thread on X, Florian frames the Federal Reserve’s overnight reverse repo facility (RRP) as the “surplus pot” that quietly powered asset prices for two years—and now, with that pot empty, he believes markets are about to feel the unfiltered weight of tighter liquidity. Why This Means Pain For Bitcoin Florian starts by locating the inflection point: “The reverse repo facility (RRP) is at its lowest level in four years.” He then walks through the basic plumbing. During the pandemic response, “so much money was printed… there were fewer assets than excess cash,” so banks and money funds “parked [it] with the Fed in the RRP. Safe and earning interest.” As that pool drained, it didn’t disappear—it “was continuously pumped into the market over the last few years. Mainly into government bonds.” In his accounting, “around $2 trillion in excess liquidity from 2020/21 flowed into the market over the last 24 months,” keeping valuations buoyant despite higher policy rates and formal quantitative tightening. The metaphor he uses is deliberate and evocative: “It’s like a tanker traveling at full speed. Even if you turn off the engine, it will continue to drift for many kilometers, solely due to the speed it has built up.” For Florian, that drift—the lagged effect of past liquidity—is ending. “Now the propulsion is gone. The surplus pot is empty, and the tanker comes to a standstill.” He connects that mechanical turn to the looming supply calendar: “There are still trillions in government bonds that need to be purchased in the coming months and years.” With the RRP no longer acting as a buyer of first resort, “we will feel the full brunt of the reduced liquidity since 2022.” The near-term cross-asset message is unambiguous. “This is bad for stocks, bonds, and Bitcoin in the short term,” he writes, adding that “stocks and Bitcoin can afford short respites… bonds cannot.” The constraint, in his view, is structural: “The US bond market is the most important market in the world.” If the RRP isn’t there to absorb cash and recycle it into Treasuries, “bond yields will continue to rise to attract investors.” That dynamic, he warns, collides with political and macro limits: “interest rates are already far too high for the current administration.” His base case is that the central bank ultimately has to step in: “The Fed will likely intervene and rescue the bond market by providing new liquidity.” The path from here is “unclear… in the short term,” but the contours of the pressure are, in his telling, set by the plumbing. Florian repeatedly stresses that any turbulence should not be misread as a Bitcoin-native failure. “The turmoil is once again coming from the fiat system, not from Bitcoin. Bitcoin merely reflects this development with its volatility.” That framing places Bitcoin downstream of dollar liquidity rather than in opposition to it. The market, he cautions, will “do everything it can to drive you out of your position.” His counsel for positioning is psychological as much as financial: “If you know what you own, you can stay relaxed.” The long-term thesis remains intact in his mind—“Remember where Bitcoin is headed as an ideal store of value”—but navigating the next phase requires horizon discipline: “Because if you keep your eyes on the horizon, you won’t get seasick.” At press time, BTC traded at $113,736.

Arthur Hayes, the billionaire co-founder of BitMEX, is shifting his attention from perpetual swaps to perpetual life as the market expert targets longevity science for mega growth. Fresh off a presidential pardon by Donald Trump in March that erased his conviction for Bank Secrecy Act violations, Hayes has taken a board seat and major equity stake in a stem cell company where he has also been a patient. Hayes told reporters he has been undergoing treatments at the firm’s clinics in Mexico and Bangkok for more than a year, underscoring his personal conviction in the longevity sector. “I want to live as long as possible, as healthy as possible,” he said, noting that regulatory barriers around stem cell therapies are easing in several countries. The company, currently rebranding, has not yet been identified. First Vitalik, Now Hayes: Crypto Wealth Funnels Into Longevity Hayes is not alone. A growing number of crypto titans are redeploying fortunes made in digital assets into life-extension ventures: Vitalik Buterin has funded the SENS Research Foundation and set up the Zuzalu “pop-up city” experiment in 2023 to incubate new approaches to anti-aging. Brian Armstrong, CEO of Coinbase, co-founded NewLimit, a cellular reprogramming startup that raised $130 million this year. Balaji Srinivasan, former Coinbase CTO, co-founded Counsyl, a genomics startup that pioneered affordable screening for hereditary diseases. This crossover between crypto and longevity reflects a broader conviction that both sectors share: breaking entrenched systems, whether financial infrastructure or biological inevitabilities. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now DeSci and the Rise of BIO Protocol: Is Decentralized Funding The Answer? The pivot by Hayes also coincides with a revival in decentralized science (DeSci), where blockchain-based funding mechanisms are powering biomedical research once starved of capital. Bio Protocol (BIO), the leading DeSci token, has recently surged 13% following its Bithumb listing, adding to momentum from earlier Binance inclusion and Ethereum-based staking mechanics. Bio ProtocolPriceMarket CapBIO$247.89M24h7d30d1yAll time BIO’s structure allows researchers and patients to coordinate through BioDAOs, directly funding areas like rare disease trials or brain health studies that traditional capital markets ignore. Tokenomics link utility with results: intellectual property generated through BioDAOs can return royalties back to token holders, a closed-loop incentive system absent in conventional science funding. Projects like VitaDAO and Armstrong-backed RSC are already channeling millions into longevity research, while on-chain “BioAgents” use AI simulations to generate and tokenize hypotheses, turning lab ideas into liquid, tradable intellectual property. DISCOVER: Best New Cryptocurrencies to Invest in 2025 From Perpetual Swaps to Perpetual Life Hayes’ fund, Maelstrom, continues to support open-source Bitcoin development and digital asset treasuries, but his pivot signals a deeper trend: crypto’s early billionaires are no longer content with just reshaping markets, they want to reshape mortality itself. With $800M+ in cumulative revenues already coursing through DeSci platforms like Pump.fun and BIO gaining traction across Asian exchanges, the financial infrastructure is beginning to align with the scientific ambition. For Hayes, the next big bet may not be on market cycles but on biological ones. And just as BitMEX once set the tone for crypto derivatives, his stake in longevity could anchor the DeSci sector as the next trillion-dollar intersection between blockchain and science. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 The post Arthur Hayes Turns to Longevity: From Derivatives to Stem Cells and DeSci appeared first on 99Bitcoins.

I don’t like the name Jackson Hole. It makes me feel like I’m forced to watch important events going on in a man’s … well, you know. It all sounds so ominous! More importantly, the Jackson Hole, Wyoming, Fed meeting is what started the great bear market of 2020, when Powell announced rate hikes, and now that might happen again. Last week, U.S. producer inflation (PPI) came out super high, rising another percentage point, which now puts the three-rate cut scenario by the end of the year in question. All risk assets are falling with BTC ▼-0.28% down 6.6% on the week and tech stocks like Palantir shaving off 20% and dragging the entire tech sector down. Here’s what else you should know and if this is time to sell: BitcoinPriceMarket CapBTC$2.26T24h7d30d1yAll time Jackson Hole and Powell’s Balancing Act Worries are mounting that there was never a rate cut scenario. All economists were projecting ZERO rate cuts in 2025, and only retail thinks there still is. The reasoning for this is that Powell’s tenure has been marked by persistent inflation above the Fed’s 2% target and a labor market that is beginning to show signs of weakness. Additionally, with President Donald Trump in office, Powell has to balance those pressures while maintaining the Fed’s independence under growing political scrutiny. “For four years, inflation has persistently surpassed the Fed’s 2% target,” analysts noted. “Evidence indicates a weakening labor market, undermining the Fed’s dual mandate.” (BLS) The internal picture is no less complicated. A rare dual governor dissent in recent meetings shows a divided committee, and newly nominated governor Stephen Miran is expected to be a sharp critic of Powell’s leadership. Investors are glued to every clue about where U.S. interest rates head next. DISCOVER: 20+ Next Crypto to Explode in 2025 There Are 2 Rate Cuts in The Forecast, For Now Although the FUD has started that Powell will back out of rate cuts, according to the CME’s FED watch tool there are two rate cuts in the forecast. The data also paints a split picture. Headline CPI cooled more than expected, but producer prices climbed and consumer surveys revealed higher inflation expectations. (CME) Prediction markets like Polymarket also give the FED a 67% chance for a 25 bps rate cut. Meanwhile, U.S. job numbers add their own contradictions with unemployment holding near 4%. Flows into defensive assets such as gold and silver remain strong, with gold holding around $3,340/oz and silver near $37.8/oz. (X) Across equities, defense stocks rose 1% as speculation over a Ukraine-Russia peace framework weighed on sentiment, while oil firm Aker BP gained 3.1% after announcing a significant discovery in the North Sea. Asian markets were mixed, with Japan’s Nikkei 225 falling 0.68% as the yen weakened against the dollar, while China’s Shanghai Composite gained 0.50%. In the euro zone, investors are also awaiting flash PMI data for August, with results from Germany, France, and Britain expected later in the day. DISCOVER: Top 20 Crypto to Buy in 2025 So, Should You Sell Ahead of Jackson Hole? Looking at the past two Jackson Hole events, markets pumped then dumped, and this year we might see the same. It’s best to avoid trading with leverage and maybe not bet the farm on YZY coin. With all that said, we do see a different macro picture under Trump so we should see tech and crypto extend their rallies in Q4. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Jackson Hole, Wyoming, Fed meeting is what started the great bear market of 2020, when Powell announced rate hikes, and now that might happen again. Worries are mounting that there was never a rate cut scenario. All economists were projecting 0 rate cuts in 2025, and only retail thinks there still is. The post Jackson Hole Chaos: Markets Hold Steady Ahead of Powell’s Final Speech appeared first on 99Bitcoins.

Asia Market Wrap Most Read: Bitcoin (BTC/USD) Price Outlook: Mixed Signals as Bearish Potential Grows, $108600 May Hold the Key Asian tech stocks climbed, and Nasdaq 100 futures bounced back from earlier losses as dip buyers helped stabilize the index late in U.S. trading. In the MSCI Asia Pacific Technology Index, two stocks gained for every one that fell. Advantest and Samsung Electronics were among the top performers, while Taiwan Semiconductor Manufacturing Co. rose 0.9% after experiencing its biggest single-day drop in four months on Wednesday. Japan's Nikkei .N225, which reached a record high during trading on Tuesday, fell by 0.6%. Meanwhile, South Korea's KOSPI .KS11 rose 0.7% after hitting a six-week low on Wednesday. Despite the dip, it remains close to the four-year high it achieved on July 31. Euro Area Composite PMI Hits 15-Month High The HCOB Eurozone Composite PMI rose to 51.1 in August 2025, up from 50.9 in July, surprising markets that expected a drop to 50.7. This marks the fastest growth in the Eurozone's private sector since May last year, based on a flash estimate. Growth was driven by the services sector expanding for the third month in a row (50.7 vs 51) and an unexpected recovery in manufacturing (50.5 vs 49.8), the first in over three years. New orders increased for the first time in 14 months, even though export orders declined. This rise in demand led businesses to hire more staff for the sixth consecutive month. However, input costs rose to a five-month high, prompting companies to raise their prices at the fastest rate in four months. Despite the positive numbers, business confidence dropped for the second month due to concerns about U.S. tariffs and economic challenges in the Eurozone. Overall, the PMI suggests the economy isn’t being hit too hard by the trade war right now. With a trade deal in place, there’s a chance for economic growth to pick up as uncertainty fades. However, there are still plenty of risks to watch out for in the future. UK PMI Hits 1-Year Highs The UK S&P Global Composite PMI rose to 53 in August 2025, up from 51.5 in July, beating expectations of 51.6. This marks the fastest growth in private-sector business activity in a year, based on a flash estimate. Growth was driven by the services sector, which hit a one-year high (53.6 vs 51.8 in July), offsetting a sharper decline in manufacturing (47.3 vs 48). The strong performance in services boosted overall new business volumes to their highest level since October last year, even as factories saw the biggest drop in new orders since April due to rising costs and global trade challenges. Input costs rose to their highest since May, with businesses pointing to higher National Insurance payments and labor costs. Despite these pressures, business confidence for the year ahead improved. European Open European stock markets opened steady as investors prepared for three days of important updates from the Federal Reserve's annual meeting in Jackson Hole. Central bankers from around the world will attend, with the main focus on Fed Chair Jerome Powell's speech on Friday, as traders look for clues about a possible rate cut in September. The pan-European STOXX 600 index and Germany's DAX stayed mostly unchanged. Britain's FTSE 100 rose slightly by 0.1%, while France's CAC 40 dipped by 0.1%. Defense stocks rose 1.4% after being under pressure earlier in the week due to hopes of a Ukraine-Russia peace deal. Talks about Ukraine's security in case of a peace deal with Russia continued, with Germany showing hesitation about sending peacekeeping forces, despite the Chancellor being open to the idea. In other news: WH Smith shares plunged 36%, the biggest drop on record, after the company lowered its profit forecast for its North America division due to an accounting error.Dutch insurer Aegon gained 6.8% after doubling its share buyback to 400 million euros and considering moving its headquarters to the U.S.German ticketing company CTS Eventim fell 18.8% after reporting disappointing second-quarter results.Aker BP, a Norwegian oil company, rose 3.1% after discovering a large oil field in the North Sea.On the FX front, The dollar index stayed steady at 98.33 on Thursday, after reaching its highest level since August 12 at 98.441 the day before. The dollar also rose 0.2% to 147.58 yen. The euro and British pound were unchanged, trading at $1.1641 and $1.3446, respectively. Currency Power Balance Source: OANDA Labs Economic Data Releases and Final Thoughts Looking at the economic calendar, it is a busy day ahead in the US session. The major event of the day comes from the US with PMI and home sales data. However, market participants may be more focused on the Jackson Hole symposium which kicks off today. As things stand it appears Fed Chair Jerome Powell only speaks tomorrow and thus today could be a choppy one for financial markets as the anticipation grows. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - FTSE 100 Index From a technical standpoint, the FTSE 100 finally breached the 9200 and made a move to the upside with fresh all time highs printed late yesterday at 9323. We are already seeing a significant pullback for the FTSE which is trading at 9274 at the time of writing. If the pullback does continue, immediate support rests at 9223 before the recent swing low before the impulse move higher at 9180 comes into focus. The FTSEs rise yesterday came as US markets experienced a selloff before finding support. If there is a similar move later in the day, the first area of interest will come in at 9300 before the all-time high at 9323 comes into focus. FTSE Two-Hour Chart, August 21. 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Yeezy money is here. It’s real. Better known as “YZY Meme coin,” Kanye West, now known simply as Ye, launched his YZY token on Solana, sparking immediate frenzy. Within just 40 minutes of release, the coin’s market cap ballooned to $3 billion, before tumbling back to $1.05 billion, according to Nansen data. There’s only one other celebrity with that kind of MCAP for a cryptocurrency and it’s TRUMP. As big as Ye is, many are starting to believe there’s no room to make money here. (YZYUSDT) On X, Ye promoted the token as part of “Yeezy Money,” which he described as: “A NEW ECONOMY, BUILT ON CHAIN,” Ye wrote. “The official YZY token just dropped,” he later added. And a new shilling campaign starts… so is YZY legit or a scam? DISCOVER: 20+ Next Crypto to Explode in 2025 YZY Meme Coin: Allegations of Insider Trading Despite the hype, on-chain analysts quickly raised red flags. Coinbase director Conor Grogan said that insiders held 94% of the supply, with one wallet initially controlling 87% before dispersal. Lookonchain reported that liquidity was structured in a way that gave developers outsized control over sales. Conor Grogan: “At least 94% of the supply was insider-held.” (X) Some insiders made millions in profit. One trader spent $24,000 in Solana priority fees to secure $3.4 million gains, while another pocketed $6 million at peak. Others weren’t as lucky—one user lost $710,000 after buying the wrong contract before recovering on the correct one. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Is This Giving Anyone End-of-Bullrun Vibes? High-profile traders didn’t shy away. Leveraged trader James Wynn said he aped into YZY, comparing it to Trump’s $TRUMP memecoin: “Aped $YZY on a 60% pull back. $TRUMP ran from $4bn to $15bn in 28 hours. 4x,” Wynn said. BitMEX co-founder Arthur Hayes also appeared to join in, underscoring the appetite for celebrity tokens despite risks. (X) Only Down From Here. BTC Back to 105k After Trump launched his meme coin in January, Bitcoin slid dramatically. Could we see something similar here? YZY’s debut stormed into the top five fastest tokens to hit a $1B market cap this year, only to collapse just as quickly, echoing that traders are drunk on gambling right now. YZY could be the canary in the coal mine. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Yeezy money is here. It’s real. Better known as “YZY Meme coin,” Kanye West, now known simply as Ye, launched his YZY token on Solana. YZY’s debut stormed into the top five fastest tokens to hit a $1B market cap this year, only to collapse just as quickly The post Kanye West’s YZY Meme Coin Rockets to $3B, But Insider Concerns Cast a Shadow appeared first on 99Bitcoins.

Sonic Labs, one of DeFi’s most aggressive growth stories, has just placed a $150M bet on Wall Street. In its first governance proposal, the Sonic crypto protocol is seeking approval to launch Sonic USA, a Delaware-registered entity tasked with bridging decentralized liquidity into the heart of U.S. capital markets. The proposal outlines three pillars: a $50M allocation toward a regulated exchange-traded product (ETP/ETF), a $100M NASDAQ private placement (PIPE), and the issuance of 150M S tokens to capitalize the new entity. Custody will run through BitGo, ensuring compliance with U.S. institutional standards. SonicPriceMarket CapS$923.22M24h7d30d1yAll time The DeFi-to-Wall Street Gambit: Sonic Labs Joins The New Play The ETF component is the headline. Sonic is effectively bidding to stand alongside BlackRock, Fidelity, and Grayscale in the battle for crypto exchange-traded products. But unlike single-asset spot Bitcoin or Ethereum ETFs, Sonic proposes an ecosystem ETF, a structured vehicle that would directly track the S economy. If approved by regulators, it would mark the first DeFi-native ETF with governance tied back to token holders. The PIPE allocation signals an even bolder ambition: a pathway to NASDAQ listing. While still exploratory, a PIPE gives Sonic access to traditional equity investors who have historically avoided tokens but are comfortable with regulated capital raises. This dual-track strategy suggests Sonic is preparing to raise capital and institutionalize its governance model in the eyes of public markets. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Why Corporate Crypto Treasuries Are Watching With Interest The timing is critical. Corporate treasurers across the U.S. have been under increasing pressure from groups like the National Center for Public Policy Research (NCPPR) to diversify reserves into Bitcoin or digital assets. While Amazon and Microsoft have resisted direct allocations, cases like MicroStrategy’s $6.8Bn Bitcoin play and Critical Metals Corp’s $500M convertible note for BTC purchases, and recent altcoin treasury moves by the likes of Sharplink Gaming have shifted the Overton window. For treasurers, the appeal of a Sonic ETF is obvious: regulated, liquid exposure to crypto growth without the operational burden of custody or token management. The move could allow conservative corporates, the very players that have dismissed direct token buys as “too volatile” to allocate via familiar ETF wrappers. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Sonic Labs Plans Are a Litmus Test for DeFi Governance Community support has been overwhelming, with over 99.9% of votes cast in favor. But the governance vote is more than a procedural green light. It is a referendum on whether decentralized communities are ready to play by Wall Street’s rules, compliance, filings, and fiduciary obligations, while retaining a decentralized identity. Sonic’s successful expansion would redraw the lines between DeFi and TradFi and set a precedent. A DeFi-native ETF trading on NASDAQ would normalize protocols as investable entities, not just speculative assets. In the words of one investor, “If Sonic can pull this off, it stops being another token and starts being a financial institution.” Voting closes August 31, but whatever the outcome, the move signals a new era: DeFi is no longer content circling the edges of Wall Street, it’s kicking down the door. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 The post Sonic Labs Aims Wall Street: ETF Bid and $150M U.S. Push Signal DeFi’s Boldest Move Yet appeared first on 99Bitcoins.

Bitcoin has entered a precarious situation after falling below $114,000, and sellers continue to mount pressure on it. This comes after a rise to new all-time highs, and sticking to previous trends, Bitcoin looks to be testing previous support levels before continuing on its journey. However, as the price continues to struggle, crypto analyst Xanrox has predicted that a crash is in the future, warning investors to beware of investing in BTC. Bitcoin Shows Signs Of Crash In the analysis, Xanrox pointed out that the Bitcoin price is already primed to crash in the short term. This is due to the appearance of a Fair Value Gap (FVG) that is yet to be filled, and the price is already pulling back down toward this level to fill it again. The first crash is expected to send Bitcoin to the $110,600 level, which is a previous peak. At this junction, there is a lot of support, and the Bitcoin price will probably resist the crash here for a while before continuing. The crypto analyst also explained that the strong support is due to the fact that the $110,600 level has never been tested previously. There is also the 100-day moving average standing around this level, and this, too, provides support for the price. Given this, the crypto analyst believes that this would be good support for investors looking for intraday trades as the price hits $110,600. Moving forward, Xanrox expects the price to eventually break below $110,600, and the next major level is sitting at $104,800. This is also a strong support level because there is a range and a bull flag here. The most important thing of all is that the fair value gap is sitting at this level to be filled. “The previous major swing low of 105,130 is something where people put a lot of stop losses below it,” the analyst said. “That’s a magnet for whales; they probably want to buy here.” Why Price Is Headed Below $60,000 In light of the current bearish trend, Xanrox predicts that the Bitcoin price will eventually crash below $60,000. This is as a result of the completion of the five waves of the Elliot Wave Theory, suggesting that the market is now heading into the bearish portion. The analysis also points to the break below the trendline that began back in April, marked in red. This trendline has held as the price has climbed, not breaking in five months since then. Therefore, the current break suggests a continuation of the bearish rally. As for when the Bitcoin price will fall below $60,000, the analyst predicts that this will happen in 2026.

Chainlink (LINK) is attempting to reclaim a crucial area after recovering 10%, surpassing most of the market in the past day. Some analysts suggested that the altcoin is ready to break out to new highs, but warned that a rejection from the current levels could lead to volatile retests. Chainlink Reclaims Key Levels On Wednesday, Chainlink led the crypto market as it started to recover from the recent pullback, which saw most cryptocurrencies retest their range lows for the first time in two weeks. LINK recorded the second-best performance among the top 100 cryptocurrencies, with an 11% increase in the past day. Notably, the altcoin hit a six-month high of $26.76 on Monday, after recovering 14% from the weekend lows. As it hit its multi-month high, analyst Ali Martinez pointed out that Chainlink added nearly 3,000 new addresses. According to the post, 2,995 new LINK addresses were created on August 18, the highest growth in 5 months. However, the start-of-week correction halted the bullish momentum, sending the cryptocurrency’s price to retest its breakout zone, around the $23.50 mark on Tuesday. After testing this area as support, Chainlink rebounded and reclaimed the $24.50-$25 range, briefly hitting the $26.50 barrier on Wednesday morning before retracing. Analyst Rekt Capital asserted that LINK is attempting to reclaim the $23.86-$34 price area after the recent performance. He highlighted that the lows of this range have historically been a “key support and successful retests here have enabled rallies to the Range High around $34.” Chainlink’s continued stability at the $23.86 level will be crucial for the rally to the range high. The market watcher noted that volatility below this range is possible as part of a volatile retesting process. LINK’s Levels To Watch The cryptocurrency’s monthly close is one of the most important levels to watch, as closing above the range low would position Chainlink for a bullish rally continuation. On the contrary, failing to reclaim this area in the monthly timeframe could lead to a deeper pullback toward the $19.41 level, not seen since the early August breakout. Rekt Capital explained that this level “has often acted as a volatile retest zone in bullish cycles, serving as a base for successful reversals, most prominently in mid-2021,” concluding that the cryptocurrency’s next move will be determined by a reclaim of the $23.86 resistance or a volatile retest of the $19.41 support. Altcoin Sherpa suggested that Chainlink will continue its path to the $30 barrier if the flagship cryptocurrency continues its uptrend. He affirmed that if Bitcoin loses the $110,000 support, LINK will likely see another dip. However, if BTC’s price stabilizes, the analyst considers that the altcoin could soar to the crucial resistance. Meanwhile, market watcher CW asserted that Chainlink faces one more key area before rallying to $30. According to the post, if LINK breaks through the current sell wall, around the $26.25-$26.75 levels, it will continue its run toward the $30 resistance, where another selling wall is situated. As of this writing, Chainlink trades at $26.15, a 35% increase in the monthly timeframe.

In a recent address, pro-crypto Senator Cynthia Lummis revealed her efforts to expedite the passage of a crucial piece of legislation known as the Market Structure Bill. This initiative follows the recent enactment of several significant laws, including the GENIUS Act, the CLARITY Act, and the Anti-CBDC bills, all aimed at shaping the future of digital assets in the United States. Keys Behind The Responsible Financial Innovation Act Since the House of Representatives passed these key crypto bills last month, the Senate Banking Committee has been crafting its version of a comprehensive regulatory framework for cryptocurrencies. Under the leadership of Chairman Tim Scott and alongside Senators Lummis, Bill Hagerty, and Bernie Moreno, the committee introduced the draft of the “Responsible Financial Innovation Act of 2025.” This piece of crypto legislation seeks to provide much-needed regulatory clarity, promote innovation, and address the significant risks often associated with the evolving digital asset landscape. The Senate’s proposed framework builds on the foundation laid by the Clarity Act, which primarily aimed to empower the Commodity Futures Trading Commission (CFTC) and classify digital assets as commodities. In contrast, the Senate bill grants the Securities and Exchange Commission (SEC) primary regulatory oversight over what it terms “ancillary assets.” Notably, the bill specifies that these ancillary assets should not be classified as securities, and transactions involving them would not fall under federal securities laws, including the Securities Investor Protection Act of 1970. This comes on the heels of statements from SEC Chair Paul Atkins, who suggested that only a small number of tokens could be classified as securities, depending on how they are packaged and marketed. Crypto Legislation’s Thanksgiving Deadline The bill also takes a stance on combating illicit financial activities associated with digital assets. It mandates new regulations for anti-money laundering (AML) efforts and countering the financing of terrorism. The draft unveils that one of the most pressing challenges in developing a robust digital asset market is determining how traditional banks and financial institutions fit into this evolving ecosystem. An increasing number of banks such as Morgan Stanley, Citigroup, and Bank of America, are now considering the integration of crypto assets, particularly stablecoins, as a means to overcome traditional payment barriers. The proposed legislation aims to address this issue by explicitly allowing banks and financial holding companies to engage in a variety of digital asset activities, including custody and trading. During a recent conversation at the SALT conference in Jackson Hole, Wyoming, Senator Lummis expressed her confidence in the crypto bill’s momentum, stating, “We will have it on the President’s desk before Thanksgiving.” Featured image from DALL-E, chart from TradingView.com

Data shows the Bitcoin Fear & Greed Index has seen a bearish flip following the plunge in the cryptocurrency’s price to $113,000. Bitcoin Has Continued Its Recent Drawdown Since setting a new all-time high (ATH) above $124,000 one week ago, Bitcoin has been facing a downtrend. The bearish momentum has only furthered during the past day, with BTC hitting a low under $113,000. Below is a chart that shows how the coin’s recent performance has looked. From the graph, it’s visible that BTC has seen a bit of recovery after forming a low around $112,400, but at the current price of $113,800, the asset is still notably below the levels from the last few days. As is usually the case, the bearish price action has worsened the sentiment among investors. Fear & Greed Index Is Now Suggesting A Fearful Market The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment present among traders in the Bitcoin and wider cryptocurrency markets. The index determines the investor mentality using the data of five factors: trading volume, market cap dominance, volatility, social media sentiment, and Google Trends. It then represents it as a score lying between zero and hundred. When the metric has a value greater than 53, it means the investors as a whole share a sentiment of greed. On the other hand, it being under 47 implies the presence of fear in the market. A level lying between the two thresholds naturally corresponds to a net neutral mentality. Now, here is how the sentiment in the sector currently looks according to the Fear & Greed Index: As displayed above, the index is sitting at a value of 44, indicating that Bitcoin investors are fearful. This is a shift from how the mood has been like in the market for the past couple of months. The Fear & Greed Index was previously in the greed zone since June, but the latest decline in BTC’s price has meant the investors have finally let go of bullish sentiment. If history is anything to go by, this flip in trader mentality could actually turn out to be a positive sign for Bitcoin and other cryptocurrencies. The market often tends to move in the direction that goes contrary to the expectations of the majority, with an excess of FUD facilitating bottoms and overhype resulting in tops. This effect was seen in action during the aforementioned June sentiment low, which coincided with BTC’s bottom under $99,000. The turnaround in the asset only required an index value of 42, but generally, a more powerful fear sentiment is needed before a bottom can occur. It now remains to be seen whether the latest dip into fear is enough to induce a reversal in Bitcoin and other coins, or if sentiment will deteriorate further.

Solana started a fresh increase from the $175 zone. SOL price is now recovering higher and might aim for a move above the $188 resistance zone. SOL price started a recovery wave after it tested the $175 zone against the US Dollar. The price is now trading above $182 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $183 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $188 resistance zone. Solana Price Eyes Steady Increase Solana price extended losses after there was a close below $188, like Bitcoin and Ethereum. SOL traded below the $185 and $108 support levels to enter a short-term bearish zone. A low was formed at $175 and the price is now attempting a fresh increase. The price surpassed the $180 and $182 resistance levels. There was a move above the 23.6% Fib retracement level of the downward move from the $210 swing high to the $175 low. Besides, there was a break above a connecting bearish trend line with resistance at $183 on the hourly chart of the SOL/USD pair. Solana is now trading above $182 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $188 level. The next major resistance is near the $192 level or the 50% Fib retracement level of the downward move from the $210 swing high to the $175 low. The main resistance could be $195. A successful close above the $195 resistance zone could set the pace for another steady increase. The next key resistance is $200. Any more gains might send the price toward the $210 level. Another Decline In SOL? If SOL fails to rise above the $188 resistance, it could continue to move down. Initial support on the downside is near the $184 zone. The first major support is near the $180 level. A break below the $180 level might send the price toward the $175 support zone. If there is a close below the $175 support, the price could decline toward the $166 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $180 and $175. Major Resistance Levels – $188 and $192.