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African Rainbow Minerals (JSE: ARI) has increased its stake in Canadian junior Surge Copper (TSXV: SURG) by another 6.46% with the purchase of approximately 25.78 million shares. The share purchases were made at C$0.175 each, above Surge Copper’s current market price of C$0.14 per share, for total proceeds of approximately C$4.51 million. ARM, which mainly operates gold, platinum and coal mines in South Africa, first invested in Surge Copper in April 2024, purchasing about 39.61 million shares at C$0.095 each. It subsequently bought another 1.58 million shares at C$0.15 in June after exercising its investor rights to prevent dilution. With the latest purchase, ARM now owns approximately 68.74 million of Surge Copper’s shares or 19.9% of those outstanding. In a statement, the African miner says it acquired the shares for investment purposes. At market close Friday, Surge Copper had a market capitalization of C44.9 million. Large copper-molybdenum project Surge’s main asset is the 100%-owned Berg project in central British Columbia, which it is developing as a standalone open-pit mine. The underlying porphyry deposit has more than 1 billion tonnes in measured and indicated resources containing 5.1 billion lb. of copper and 633 million tonnes of molybdenum. A preliminary economic assessment published in 2023 outlined a 30-year mine life with total production of 3.8 billion lb. copper and 402 million lb. molybdenum. This would make Berg one of the top copper producers in Canada, and by far the largest molybdenum producer. Based on the production profile, the study gave the project a post-tax net present value of C$2.1 billion and a 20% internal rate of return. The initial capital is estimated at C$1.97 billion, which would be paid back over four years. The company is currently in the process of completing a resource update and advancing the project towards the pre-feasibility stage.

According to CRYPTOWZRD’s recent update, Bitcoin ended the last session on a bearish note, but the broader outlook may soon shift. He noted that the Trump–Putin meeting delivered a productive outcome, which could fuel a positive reaction in the market if conditions remain steady. Daily Candle Shows Slight Bearish Bias, Yet Indecisive In his update, CRYPTOWZRD noted that Bitcoin’s daily candle closed slightly bearish. The analyst explained that although the close leaned to the downside, he would still consider the overall signal indecisive. Turning attention to external factors, CRYPTOWZRD highlighted that the recent meeting between US President Donald Trump and Russian President Vladimir Putin in Alaska was productive. He pointed out that this development could create a favorable atmosphere in the broader crypto market, which may spill over into Bitcoin, unless the situation changes later on. At the same time, CRYPTOWZRD stressed that traders cannot overlook the traditional markets, where the weekly candle closed bearish. He described this as an early warning sign that should not be dismissed, as it may serve as a precursor to deeper corrections if unexpected developments occur. In his view, this makes it necessary to remain alert, even in the face of seemingly positive momentum elsewhere. While a productive geopolitical meeting may boost investor confidence, the bearish weekly signal in traditional markets is a reminder that conditions can quickly shift. As for his approach, CRYPTOWZRD stated that his focus remains on the lower timeframe chart formations. He believes this is where quick scalp opportunities are likely to emerge, allowing traders to capture movement without being overly exposed to sudden swings. By tracking these intraday setups, he intends to navigate the volatility while waiting for clearer signals on Bitcoin’s next larger move. Bitcoin Choppy Price Action Limits Clear Setups Rounding up his analysis, CRYPTOWZRD observed that the intraday chart for Bitcoin remained somewhat choppy and leaned bearish. He explained that price action has been confined within a relatively small range, making it less favorable for immediate trading decisions. He emphasized that the key level to watch on the upside is $119,500. According to the expert, a move above this threshold would shift Bitcoin into bullish territory, creating a potential long opportunity. Until that breakout occurs, he prefers to remain cautious rather than force trades in uncertain conditions. On the downside, CRYPTOWZRD noted that a break below $117,000 would signal further weakness and open the door for short positions. For now, he concluded that an ideal approach is to wait for the next decisive move before taking action.

Recent price action has shown that XRP is establishing the $3 price level as a base, and an analysis of its fundamentals indicates various conditions that could push its price to multiple all-time highs. According to crypto analyst David_kml, XRP is no longer confined to speculation but is steadily becoming a vital part of global finance. This trend is very important in its push to new price highs. At the same time, XRP’s chart structure on the weekly candlestick timeframe shows that it may be approaching a breakout similar to Ethereum’s explosive run between 2016 and 2018. Institutional Growth And Expanding Adoption One of the strongest arguments supporting XRP’s ability to register a new all-time high very soon is the steady growth in its institutional presence. David_kml noted that XRP is now being used by leading banks and global payment companies through the XRP Ledger, a development that points to real-world demand for XRP beyond retail speculation. The token’s steady price above the $3.10 price level highlights this strengthening foundation, but the larger story lies in the expanding number of Ripple partnerships and fintech integrations of the XRP Ledger. Speaking of fintech integration, Ripple’s advancements in the past few months have seen the XRP Ledger infrastructure for cross-border settlements growing massively. Ripple CEO Brad Garlinghouse has noted that the company is focused on developing the XRP Ledger to the point where it rivals that of the traditional SWIFT system and grabbing a huge chunk of its userbase. At the time of writing, many financial institutions are starting to test and adopt XRP’s network for their payment flows, building confidence that the asset is on track for long-term relevance in global finance. This, in turn, is continuously boosting XRP’s chance of steadily exploding to new price highs, especially now that the global financial sector is gradually warming to blockchain technology. Breakout Pattern On Weekly Timeframe Another factor that lends the voice to XRP’s potential of new all-time highs is the increase in transaction volumes. Interestingly, the technical picture for XRP also complements the bullish case made by fundamentals. In his post, David_kml shared a chart that places XRP’s current price behavior alongside Ethereum’s price action between 2016 and 2018. During that period, Ethereum traded within a prolonged consolidation range before breaking out. This was a move that started one of the most dramatic rallies in Ethereum’s price history, as it carried its price from under $15 to well over $1,000. XRP’s weekly chart now shows a similar setup. XRP has been consolidating in a range near $3, and the breakout point is forming just above $3.25. This structure suggests that XRP could be on the cusp of a powerful surge that has the ability to mimic that of Ethereum’s run in 2018. Analysts such as Dark Defender and Egrag Crypto have previously pointed to this kind of fractal pattern by pointing out the fact that XRP is building momentum independent of Bitcoin and Ethereum. If this plays out well, XRP’s breakout could extend beyond its most recent peak of $3.65 and set the stage for new all-time highs in the coming weeks and months. Featured image from Unsplash, chart from TradingView

The cryptocurrency market was impressive for most of the week, with Bitcoin and large-cap altcoins leading the charge. While BTC ran up to a new all-time high around $124,100, the other top cryptocurrencies, like Ethereum and Solana, flirted with their former record-high prices. Most notably, the price of Ethereum continued its positive form, briefly touching the $4,800 level on Thursday, August 14. The latest on-chain data suggests that ETH and other altcoins might only be at the start of an extended rally, with the potential to outpace Bitcoin, the world’s largest cryptocurrency by market capitalization. ERC20 Stablecoin Supply Hits New All-Time High Of Nearly $130 Billion In a Quicktake post on the CryptoQuant platform, CryptoOnchain shared that the latest data signals that the market appears to be in the early phase of an altseason. This optimistic hypothesis is based on two primary on-chain metrics: the Stablecoin Liquidity and the Bitcoin Dominance (BTC.D) metric. Firstly, CryptoOnchain revealed that the total supply of ERC20 stablecoins has witnessed a notable spike, recently reaching an all-time high of around $128.7 billion. Typically, a significant increase in stablecoin supply is often associated with elevated liquidity, allowing investors to take new positions in risk assets like altcoins. CryptoOnchain added: Alongside this, active addresses for stablecoins have broken past 250K for the first time in history, underscoring rising network activity and circulation levels typical before major market rotations. The on-chain analyst also highlighted that the All Stablecoins (ERC20) Exchange Netflow on Binance has witnessed positive inflows in recent weeks, surpassing the $67 million mark multiple times. As CryptoOnchain noted, positive exchange netflows typically indicate increased purchasing power for investors. Furthermore, as shown in the chart above, the BTC Dominance metric faced rejection from its Previous Cycle Bull Run Resistance zone. From a historical perspective, these rejections have coincided with capital rotating from Bitcoin into mid- and large-cap altcoins—an early hallmark sign of the altseason. Ultimately, the combination of the increased stablecoin liquidity and Bitcoin Dominance technical rejection could mark the beginning of a breakout in the altcoin market. CryptoOnchain noted that a strong Ethereum breakout above its “This Cycle Bull Run Resistance” with a continuous downturn for BTC.D would be a key confirmation to look out for. Altcoins Total Market Capitalization As of this writing, the altcoin market is valued at around $1.57 trillion, reflecting an over 1% decline in the past 24 hours. According to data from TradingView, the total capitalization of altcoins has jumped by more than 5% in the past seven days.

Bitcoin is undergoing a structural transformation, and institutional investors are steadily tightening their grip on the cryptocurrency. As of mid-2025, institutional investors are becoming a dominant force in Bitcoin ownership and are steadily capturing a large portion of its circulating supply. Institutional Bitcoin Holdings Barrel Toward 20% Of Supply Recent data shows that institutions, ranging from ETFs to public companies, now control an unprecedented share of Bitcoin, worth hundreds of billions of dollars. Estimates place institutional ownership anywhere between 17 and nearly 31 percent of total supply when also factoring the amount controlled by governments. According to data from Bitbo, entities such as ETFs, public and private companies, governments, and DeFi protocols collectively hold more than 3.642 million BTC, equal to about 17.344% of the total supply. At today’s prices, that represents roughly $428 billion worth of Bitcoin locked away in institutional treasuries. ETFs are the largest contributors, with over 1.49 million BTC, while public companies such as Strategy, Tesla, and others account for 935,498 BTC. Strategy’s role is especially noteworthy, as the firm’s relentless accumulation strategy in recent years has seen it amass 628,946 BTC, or about three percent of the entire circulating supply. Bitbo data shows private companies hold 426,237, worth $50.17 billion, and about 2.03% of the total circulating supply. BTC mining companies own 109,808 BTC (0.523% of the total circulating supply), while DeFi protocols own 267,236 BTC (1.273% of the total circulating supply). Bitcoin holdings by category. Source: Bitbo Other reports, including a joint study by Gemini and Glassnode, suggest the numbers could be even higher. Their findings point to centralized treasuries composed of governments, ETFs, corporations, and exchanges controlling up to 30.9% of circulating Bitcoin, which equates to over 6.1 million BTC. This increase represents a 924% surge in institutional control of Bitcoin compared to a decade ago. Chart Image From Gemini: Bitcoin treasury holdings by entity type Is Bitcoin The New Wall Street Playground? Bitcoin’s rise in its early years was based on a mix of enthusiasm from retail investors and long-term conviction from early adopters, but the market’s balance of power is shifting. According to the holding data, Bitcoin is increasingly becoming much less affordable for retail traders and is now becoming a playground for large Wall Street institutions. Institutional demand for Bitcoin has not been confined to corporations and ETFs alone. Governments are beginning to make their presence felt, and the United States took the most notable step earlier this year. In March 2025, the US government established a Strategic Bitcoin Reserve filled with seized and forfeited digital assets. Other governments like El Salvador and Bhutan are also accumulating Bitcoin through intentional, ongoing purchases, further tightening the supply in circulation Some analysts believe this could reduce Bitcoin’s price volatility and support its price growth over the long term. On the other hand, the concentration of Bitcoin among a relatively small number of entities could undermine its decentralization and the natural growth of its price. Either way, the data shows that Bitcoin is now becoming Wall Street’s newest playground. At the time of writing, Bitcoin was trading at $117,460. Featured image from Unsplash, chart from TradingView

Bitcoin prices have now crashed by over 4% after reaching a new all-time high on August 14. The crypto market leader remains in consolidation, potentially gathering momentum for the next leg up. Amidst this stable market structure, a popular trading expert with the X username KillaXBT provides insights into possible price developments for the next month. CRT Model Flags September As Pivotal For Bitcoin’s Bull Cycle In an X post on August 15, KillaXBT outlines potential BTC price trajectories via in-depth technical analysis of the monthly chart. Using the candle range theory (CRT), the renowned analyst postulates that the premier cryptocurrency would be entering a pivotal month in September during which it could produce a cycle top. Looking at the asset’s performance in August, KillaXBT notes that Bitcoin formed a monthly low at $111,986, before reclaiming its monthly open at $115,747 and even surging higher in line with previous predictions. Notably, the premier cryptocurrency swept above its previous all-time high before experiencing a crash by over 4% Based on the monthly chart, the renowned analyst also explains that the Bitcoin market has now experienced five consecutive green monthly candles. However, the recent rejection indicates that price movement and momentum are taking on a parabolic curve. Therefore, price movement in September presents a crucial moment to confirm market direction. For this next month, KillaXBT nudges investors to watch whether BTC can hold above the current monthly open at $115,747. A sustained hold could pave the path for a move toward the $125,000–$127,000 regions, representing a marginal extension of the rally and potentially setting up another test of investor conviction at higher prices. However, KillaXBT also warns that Bitcoin opening the month of September with a new all-time high may not necessarily signal an uptrend continuation, but also indicate the cycle top. On the other hand, a breakdown below the monthly open would expose BTC to downside risk, with $111,986, the monthly low, acting as the first major support. It is worth stating that a loss of that level could accelerate a corrective phase. Bitcoin Price Overview At the time of writing, Bitcoin is trading at $117,559, reflecting a slight 0.66% price decrease in the past week. On larger timeframes, the premier cryptocurrency also reflects marginal price changes of +0.78% and -1.36% on the weekly and monthly charts, underscoring a choppy market environment despite recently setting new all-time highs. Featured image from Pexels, chart from Tradingview

Oliver Michael, the CEO of Tokentus, has again provided a bullish outlook for XRP. This time, he predicted that the altcoin could reach as high as $13 and outlined factors that could serve as catalysts for this significant price surge. XRP Eyes Surge To $13 With These Catalysts Oliver Michael predicted in an interview that XRP could rally to $13 at some point if it sustained its current bullish momentum. He alluded to the Ripple SEC lawsuit, which just concluded and how it could spark several ripple effects, which would act as catalysts for the next leg up for the third-largest crypto by market cap. One of these ripple effects is the potential approval of the XRP ETFs. Michael noted that the SEC can now go on to approve these funds since the legal battle against Ripple is over. Furthermore, he raised the possibility of BlackRock filing for an XRP ETF and indicated that the altcoin is likely to record a parabolic rally if this happens, considering BlackRock’s position as the world’s largest asset manager. It is worth noting that BlackRock has said that it has no plans to file for an XRP ETF at the moment. However, XRP lawyer John Deaton believes that the world’s largest asset manager will still file to offer this fund within a year from now. If so, this could drive significant inflows into the XRP ecosystem, considering the success that the firm has recorded with its Bitcoin and Ethereum ETFs. More Catalysts For The Altcoin Meanwhile, Oliver Michael also expects more Ripple partners to emerge now that the SEC lawsuit is over. This will help enhance XRP’s utility as more companies adopt Ripple’s payment services. Notably, the crypto firm has also made great strides to expand its presence globally by acquiring platforms like the stablecoin platform Rail and brokerage firm Hidden Road. Another reason why the Tokentus CEO believes that XRP can reach this $13 price level is based on his expectation that retail investors will develop a greater interest in the altcoin now that Bitcoin and Ethereum have already pumped significantly. Therefore, they will turn to XRP as the third-largest crypto, which may have more upside than BTC and ETH. Michael remarked that XRP’s move to the upside could happen really fast, similar to its rally of over 300% from below $1 to $3 last year. The altcoin already rallied to as high as $3.6 this year, boasting a 33% year-to-date (YTD) gain. However, based on Michael’s prediction, the XRP price could still reach new highs in the coming months. At the time of writing, the XRP price is trading at around $3.10, down in the last 24 hours, according to data from CoinMarketCap.

Week Ahead: 18-22nd August 2025; Highlights include Jackson Hole, FOMC minutes; Japan & Canada CPI; PBoC, RBNZ, Riksbank Newsquawk Week Ahead Highlights: 18-22nd August 2025 MON: N/A. TUE: US Building Permits (Jul), Canadian CPI (Jul). WED: RBNZ Announcement, Riksbank Announcement, FOMC Minutes, Bank of Indonesia Announcement, PBoC LPR, UK Inflation (Jul), EZ Final CPI (Jul), New Zealand Trade Balance (Jul). THU: Fed Jackson Hole Economic Policy Symposium, EZ/UK/US Flash PMIs (Aug), EZ Consumer Confidence (Aug). FRI: Fed Jackson Hole Economic Policy Symposium, Japanese CPI (Jul), German GDP Detailed (Q2), UK Retail Sales (Jul), Canadian Retail Sales (Jun). SAT: Fed Jackson Hole Economic Policy Symposium CANADA CPI (TUE): The BoC will use the upcoming inflation data to help guide its future rate path, though it is only one factor, as the Bank remains on hold to assess the impact of US trade policies. In July, rates were left at 2.75% in a unanimous decision with some members noting sufficient support for the economy while others saw a potential need for more. This 2.75% level is the centre of the BoC’s neutral estimate, suggesting limited room for cuts, depending on tariff effects. Minutes indicated that tariff impacts on consumer prices have so far been modest, wage growth and unit labour costs have eased, and the recent CAD appreciation has lowered import prices. Inflation expectations remain anchored, and none of the three MPR tariff scenarios point to a sharp rise in inflation, with headline inflation peaking at 2.5% even in the escalation scenario. The BoC appears comfortable with current inflation trends and may focus more on the labour market and economic growth going forward. Still analysts note that rate cuts remain possible if growth weakens and tariff-driven inflation stays contained. PBOC LPR (WED): The PBoC is likely to keep rates at their current levels, with the 1-year LPR at 3.00% (the rate most new loans are based on), and the 5-year LPR at 3.50% (the reference rate for mortgages). As a reminder, Chinese banks refrained from any adjustments to the LPRs last month, which was as expected and followed the sweeping cuts across rates in May, including reductions to the PBoC funding rates, the LPRs, and deposit rates by banks. Desks are of the view that with rates already relatively low, further easing may be less effective than fiscal measures. Further, some are of the view that the PBoC may want to keep powder dry in the event of escalations with the US. RBNZ ANNOUNCEMENT (WED): Money markets are pricing in an 89% likelihood that New Zealandʼs central bank lowers its Official Cash Rate by 25bps, to 3.00%, and an 11% probability for rates to be left unchanged at the current 3.25% level. As a reminder, the RBNZ maintained the OCR at 3.25% at its last meeting in July, which was widely expected, following a prior streak of six consecutive rate cuts, although it signalled potential future actions, noting that if medium-term inflation pressures continue to ease as projected, the Committee expects to lower the OCR further. The RBNZ also stated that the economic outlook remains highly uncertain and heightened global policy uncertainty and tariffs are expected to reduce global economic growth which will likely slow the pace of New Zealand’s economic recovery and reduce inflation pressures. The Minutes from the meeting revealed that the Committee expects to lower the Official Cash Rate further, broadly consistent with the projection outlined in May, and that the case for keeping the OCR on hold at the July meeting highlighted the elevated level of uncertainty and the benefits of waiting until August considering near-term inflation risks. Further, it was revealed that the Committee discussed the options of cutting the OCR by 25bps to 3.0%, or keeping it unchanged at 3.25%, and some members emphasised that further monetary easing in July would have provided a guardrail to ensure the recovery of economic activity. The rhetoric from the central bank since then has continued to highlight trade-related uncertainty; RBNZ Chief Economist Conway suggested that the full impact of tariffs is uncertain and they are constantly monitoring the data, with uncertainty over tariffs likely to reduce businesses’ investment and inflation in the mediumterm, as tariffs will mean a weaker global economy and weaker global demand. He also reiterated the view regarding scope to lower rates further if inflation continues to moderate. As such, the latest inflation data for New Zealand for Q2 has been softer-thanexpected and could support the case for a cut as CPI Q/Q printed at 0.5% (exp. 0.6%, prev. 0.9%) and with the annual figure at 2.7% Y/Y (exp. 2.8%, prev. 2.5%), while a contraction in jobs growth during Q2 (-0.1% vs. exp. -0.1% and a prev. +0.1%) and slight uptick in the unemployment rate to (5.2% vs. exp. 5.3%, prev. 5.1%) could also influence policymakers to ease policy. Try Newsquawk free for 7 days RIKSBANK ANNOUNCEMENT (WED): The Riksbank is expected to keep rates steady at 2.00%, in-fitting with the Q3ʼ25 rate path, which indicates virtually no chance of a cut (under 2% probability). Further out into Q4, the rate path prices in some chance of a cut – though Governor Thedeen said this is not a promise of further cuts, but rather is a “best estimate”. As it stands markets currently assign 82% of a hold. Recapping the last meeting, the Bank opted to keep rates steady (as expected); the accompanying commentary was downbeat, highlighting that the economic recovery has lost momentum. For the upcoming meeting, the Bank has had two inflation reports to digest; June CPIF printed above expectations, Julyʼs metrics also remained elevated but were more-orless in line and Core CPIF Y/Y was a touch below expectations whilst M/M matched expectations. Overall, this works in favour of keeping rates steady, though lower growth will keep the Bank wary. SEB thinks the Bank will stand pat, and will continue to signal a cut later in the year. Analysts favour a 25bps cut in September, citing weak economic growth and labour market, but is ultimately contingent on slowing inflation after the summer. This view is also shared by Handelsbanken, pushing back their call for a cut from August. FOMC MINUTES (WED): The Fed held rates steady at 4.25-4.50% as expected, with Governors Waller and Bowman both voting for a 25bps rate cut, in line with their comments ahead of the blackout period. Fed’s Kugler did not vote. Given the marketʼs dovish shift in implied pricing of Fed rate cuts ahead following the soft July jobs report (traders now fully discount two 25bps reductions in 2025, with some probability of a third), traders will be particularly attentive to any arguments for rate reductions; additionally, while US CPI was in line with expectations in the month, PPI surged, leaning back against dovish calls. The Fedʼs July statement noted elevated uncertainty around the economic outlook, removing Juneʼs line that it “has diminished”. On the economy, it said recent indicators suggest activity moderated in H1, a change from Juneʼs description of solid growth. Other language was unchanged: unemployment remains low, labour market conditions are solid, and inflation is somewhat elevated. There was no indication of imminent cuts, reaffirming its data-dependent stance. The Fed reiterated it will assess incoming data, the evolving outlook, and the balance of risks when considering future adjustments. At his post-meeting press conference, Fed Chair Powell leaned hawkish and pushed back on expectations for a September rate cut, stressing that significant data is due before the meeting, and no decision has been made. On tariffs, he said it is reasonable to expect a one-off price rise, but emphasised that the Fed would act to prevent “serious inflation”. Powell reiterated that policy remains modestly restrictive. On what would prompt a cut, he noted risks on both sides of the mandate, suggesting a more neutral stance would be appropriate if risks were balanced. He said inflation remains above target, while the labour market is at or near maximum employment. Upside risks remain for inflation, while employment faces downside risks, though inflation is further from target than jobs. On the consumer, he noted spending has been very strong in recent years but may now be slowing to a healthy level. On the dissents from Waller and Bowman, Powell said such differences were unsurprising and described this as one of the Fedʼs better meetings. UK INFLATION (WED): At the time of writing, there is no published consensus for the release. As a reminder, the prior report showed a larger-than-expected rise in headline and underlying inflation, while the services print held steady at 4.7% (vs. expectations of a decline). Pantheon Macroeconomics attributed this to another “jump in food prices, falls in motor fuels last June dropping out of the annual comparison and unwinding clothes discounting.” This time around, Pantheon Macroeconomics expects that a “rise in motor fuel prices and a jump in airfares should offset slower core goods inflation.” Accordingly, the consultancy forecasts July headline (3.7%) and services inflation (4.8%) to exceed the MPCʼs forecast from the May Monetary Policy Report by 30bps and 10bps, respectively. Moving forward, Pantheon Macroeconomics expects inflation to peak at 4% in September. From a policy perspective, this could cause a headache for the MPC as it would be the report prior to the November MPR. Some desks argue that it would be tough for the BoE to stick to its quarterly pace of rate cuts if such an outcome is realised, particularly given the hawkish level of dissent at the August meeting on account of inflationary developments. Market pricing concurs with this view, with the next 25bps cut not fully priced until March next year. A soft outturn for the upcoming report could see a slight dovish reaction. However, given the expected uptick in inflation, any such bets are likely to be limited. FED JACKSON HOLE SYMPOSIUM (THU-SAT): The list of Jackson Hole speakers will be released before the event (it has already been confirmed that Fed Chair Powell will deliver remarks on August 22nd at 15:00BST/10:00EDT). The confab has been historically used by Fed speakers to signal upcoming policy changes, although that hasnʼt always held true in recent years. Since the downbeat jobs report, markets have started to price in a September rate cut, and several Fed speakers have alluded to such an outcome (Daly, Kashkari, Bostic). However, others appear more reluctant (Musalem, Schmid). Treasury Secretary Bessent has been urged the Fed to begin a rate cut cycle with a 50bps reduction in September, but Daly has said this does not seem warranted – likely a view shared by others on the Fed, to avoid the feeling of a panicked move. Nonetheless, Fed speakers at Jackson Hole will give their views on policy and the economic outlook, and explain their thoughts on the recent NFP and inflation data. The NFP data bolstered September rate cut bets, with the CPI being deemed not as hot as feared and bolstering rate cut bets with September becoming fully priced. However, a super-hot PPI report saw this dovish pricing unwind somewhat. Aside from policy, a lot of focus is on the next Fed Chair, where US President Trump may be able to appoint two new Governors, providing Powell steps down after his term as Chair ends. Try Newsquawk free for 7 days UK FLASH PMI (THU): At the time of writing, there is no published consensus for the release. As a reminder, the prior report showed the July services PMI declined to 51.2 from 52.8, manufacturing ticked higher to 48.2 from 47.7 and the composite slipped to 51.0 from 52.0. The accompanying report noted “the sluggish output growth reported in July reflected headwinds of deteriorating order books, subdued business confidence and rising costs, all of which were widely linked to…last autumnʼs Budget and the broader destabilising effect of geopolitical uncertainty.” This time around, analysts at Investec look for improvements in the manufacturing, services and composite components. However, it urges caution that “this trend higher may not be sustained moving forward, particularly if concerns grow over potential tax hikes in the Autumn, and/or if the pace of rate cuts starts to slow. From a policy perspective, a soft outturn could pour cold water over the recent uptick in UK GDP. However, the inflation release the day before will likely have a greater impact on the macro narrative surrounding the UK. EZ FLASH PMI (THU): EZ Manufacturing PMI is forecast at 49.5 (prev. 49.8), whilst Services is expected at 50.7 (prev. 51.0), and Composite at 50.6 (prev. 50.9). In terms of sentiment proxies, German Ifo missed expectations across the board, but Current Conditions and Business Climates improved from the priors, whilst Expectations were stable. Conversely, the ZEW saw sizeable pullbacks from the prior releases, with respondents reportedly disappointed by the EU-US trade deal. Ahead of the release, Investec pencils in a “level of 51.2 for the composite PMI index, but a sustained improvement looking ahead would take a strengthening in services activity as well. Meanwhile, analysts at Oxford Economics suggest “The composite index for the Eurozone matched an 11- month high in July, despite a marginal downward revision in the final release. However, the rate of growth remained modest. Moreover, next week’s results for August may signal some softening in growth momentum, judging by the declines in the Sentix and ZEW surveys.” UK RETAIL SALES (FRI): At the time of writing, there is no published consensus for the release. In terms of recent retail indicators, BRC retail sales for July rose 1.8% Y/Y (prev. 2.7%) with the accompanying report noting “with sales growth at these levels, it is barely touching the sides of covering the GBP 7bln new costs imposed on retailers at the last Budget. If the upcoming Autumn Budget sees more taxes levied on retailersʼ shoulders, many will be forced to make difficult choices about the future of shops and jobs, and ongoing pressure would push prices higher.” Elsewhere, the Barclaycard Spending report noted that growth “was predominantly driven by clothing retailers, who had their strongest month of growth since September 2024, as Julyʼs changeable weather led consumers to double up on purchases for both rainy and sunny weather.” For the upcoming ONS report, Oxford Economics pencils in a 0.2% M/M decline in July due to “the level of sales in the non-food and non-store categories in June being much higher than in previous months,” so it thinks that there’s scope for some payback in the July report. JAPANESE CPI (FRI): National Core CPI for July is forecast to ease to 3.0% Y/Y from 3.3% in June. Analysts at ING expect headline CPI to cool to 3.1% Y/Y from 3.3%, as falling utility prices offset continued gains in food costs, while base effects are set to drive a rebound in monthly figure to +0.2% M/M (prev. -0.1%). The desk notes that easing energy prices and government subsidies will keep headline inflation on a downward trend, though services inflation remains firm, underpinned by wage growth and resilient domestic demand. Markets will watch for signs of underlying inflation persistence that could influence BoJ policy; at the time of writing, market-based pricing is not fully discounting a rate hike this year, with around 17bps of tightening baked in following the latest stronger-than-expected Japanese GDP data. Copyright © 2025 Newsquawk Voice Limited. All rights reserved. Registered Office One Love Lane, London, EC2V 7JN, United Kingdom · Registered Number 12020774 · Registered in England and Wales. newsquawk.com · +44 20 3582 2778 · info@newsquawk.com For Real Time Updates visit Global-view.com The post Newsquawk Week Ahead Highlights: 18-22nd August 2025 appeared first on Forex Trading Forum.

The Solana price experienced all phases of the crypto market this week, starting with a muted performance of around $180. However, the past seven-day period took a better turn when the altcoin surged above the $200 mark, rising as high as $205 on Thursday, August 14. Unfortunately, the Solana price didn’t enjoy this return above the $200 level for long, crashing—like the rest of the crypto market—back toward its early-week position around $180. A popular crypto analyst on the social media platform X has revealed that SOL’s downturn was no coincidence. Why SOL Keeps Falling Under $188 In 2025 In an August 15 post on the X platform, crypto pundit Burak Kesmeci evaluated the broader performance of the Solana price in 2025 and its impact on recent price action. Specifically, the on-chain analyst identified the $188 level as crucial to Solana’s recent price movements. This evaluation revolves around the Fixed Range Volume Profile (FRVP) indicator, which provides insights into the distribution of trading volume across various levels on a price chart. In essence, the FRVP indicator helps identify regions with the most trading activity within a specific period. According to Kesmeci, the FRVP high-volume trading level currently lies around the $150 Solana price region. The crypto analyst noted that investors can expect SOL to continue its upward trajectory as long as its price stays above this high-volume trading level. Kesmeci, however, noted that another significant level in the FRVP is the Value Area High (VAH), which represents the upper boundary of the value area (a price range where 70% of the volume traded). The VAH level is often considered a resistance zone where prices may stall or experience a reversal. The crypto analyst identified $188 as the Value Area High (the green line in the chart above) for the Solana price. According to Kesmeci, the altcoin has struggled to stay above this VAH level so far in 2025—a trend witnessed in the past day. What Happens If Solana Price Keeps Retreating? Further in the post on X, Kesmeci pinpointed $170 – $179 as another Solana price region with significant trading activity. The analyst revealed that this zone could act as a support cushion should the price of SOL witness a correction. Kesmeci added: If Solana can shift its high-volume trading level upward, the bullish trend could strengthen. As of this writing, the price of Solana sits just above $180, reflecting a nearly 5% decline in the past 24 hours. Nevertheless, this drab 24-hour performance was not enough to push the altcoin’s weekly action into the red. According to CoinGecko data, the SOL price is up by over 4% in the last seven days.

Bitcoin is trading in the $117,000 price region following a rather eventful week, which allowed investors to experience both sides of the market volatility. Notably, the premier cryptocurrency established a new all-time high at $124,457 before experiencing a sharp crash to below $118,000 driven by recent US PPI data. As enthusiasts await the asset’s next move, prominent analytics firm Glaasnode has unveiled the potential price targets based on short-term holders’ (STH) market activity. Short-Term Holder Cost Basis Tips Bitcoin To Race Towards $144K In an X post on August 16, Glassnode shares data from its Bitcoin STH cost basis model, which suggests the cryptocurrency is headed for an overheating region. For context, short-term holders refer to entities that acquired their BTC within the last 155 days. Their cost basis, i.e., average price of acquisition, often serves as a proxy for the sentiment and profitability of newer market entrants, thus dictating short-term price dynamics. Glassnode’s on-chain data shows that Bitcoin’s STH cost basis has now climbed to $107,000, with standard deviation bands indicating the next crucial resistance at $127,000. Notably, this price level aligns with the +1σ band, often viewed as a “heated” market threshold. This zone is expected to act as a major pivot point, either marking the onset of consolidation or serving as the launchpad for a euphoric final leg upward. However, if Bitcoin can decisively break above $127,000, the STH deviation bands suggest it may trigger accelerated market buying momentum, potentially pushing the price toward the +2σ band at $144,000 zone. Notably, the +2σ band is termed as the overheating region as it often coincides with local or cycle top and frequently introduces significant sell pressure from investors. Meanwhile, the base STH cost basis at $107,000 now serves as a crucial short-term support; therefore, a breakdown below this could imply weakening confidence among recent buyers. In such a bearish scenario, market attention would turn to the lower deviation -1σ band at $93,000, at which investors may expect some price stability. Bitcoin Price Overview At the time of writing, Bitcoin was trading at $117,396, reflecting a price decline of 1.02% in the past 24 hours. Meanwhile, daily trading volume has also crashed by 33.56% and is now valued at $70.56 billion. Notably, popular analyst Ali Martinez tips the premier cryptocurrency to soon make a recovery after the flash crash of last week. The market expert explains that Bitcoin always produces a price rally following any PPI-induced decline.

The US dollar continued to unwind last month's gains. Last week it fell against all G10 currencies, but the dollar bloc. It was more mixed against emerging market currencies. The Argentine peso was the best performer, gaining 2% but the Argentine political and economic conditions appear worsening and a weaker rather than a stronger currency looks needed. Meanwhile, the market toyed with the idea of a 50 bp cut by the Federal Reserve next month, but the firmer than expected PPI and the apparent continued strength of the US consumer (retail sales grew at a 4% annualized rate in the three-months through July) left the Fed funds futures settle little changed on the week, pricing in more than a 90% chance of a quarter-point cut. The main high-frequency economic data point in the coming days is the preliminary August PMI. However, the impact is likely to be minimal. The Federal Reserve's Jackson Hole conference in the second half of the week may draw attention. This year's theme is particularly timely: "Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy." Among the G10 central banks, Sweden's Riksbank may wait until late in Q4 to continue its easing cycle, while a quarter-point cut by the Reserve Bank of New Zealand is more likely. It will bring the target rate to 3.00%. The swaps market sees the terminal rate at 2.75%. The UK and Canada report July CPI figures but neither central bank is likely to cut rates next month and by the time they meet again, they will have more current data in hand. US Drivers: It may not be the consensus, but we continue to see the dollar's direction to be strongly influenced by US rates. It is not coincidental that US two- and 10-year rates have fallen this year, except in May and July and the Dollar Index fell in the first six months of the year before bouncing in July. The break of the pattern was in May. Rates rose but DXY fell, though the least since January. Some Fed official comments coupled with the PCE deflator implications of the higher PPI report have dampened the budding speculation of a 50 bp cut next month, Data: This week's data will likely have a negligible impact on the outlook for next month's FOMC meeting, but the Fed's annual conference in Jackson Hole (August 21-23) could provide additional color. Powell was clear last month that given the reduced supply of labor (immigration policy) and weaker demand (slowing jobs growth), the unemployment rate is particularly useful as a gauge of the balance of the supply and demand for labor. Housing starts may help economists forecast Q3 GDP (residential investment), existing home sales and preliminary August PMI pose headline risk but are not the markets' focus. The market also seems somewhat less sensitive to the Philadelphia Fed's survey as it is too early the month to necessarily be representative. The minutes from the late July FOMC meeting will be scrutinized. Recall that even though two governors dissented from the decision to standpat, the market gave it initially a hawkish hearing and took short-term rates and the dollar higher. In any event, the employment data a couple of days later seemed to put the issue to rest. Prices: With last week's losses, the Dollar Index overshot the (61.8%) retracement of the July 1-August 1 rally. It frayed, but did not close below, the trendline connecting the July lows, which begins the new week near 97.70. Below there, the low from late July, near 97.10, beckons. The Dollar Index has fallen by about 2.6% since the August 1 high. Given the data and the fact that the market has more than a 90% chance of a quarter-point cut next month discounted, some consolidation seems warranted. EMU Drivers: The euro benefits by being the most liquid alternative to the US dollar. The inverse correlation between changes in the euro and changes in the two-year US yield is hovering near -0.70. Since the pandemic, it has rarely been more extreme. The rolling 60-day correlation reached almost -0.60 earlier this month, the most since early 2023. It is now a little around -0.55. The euro's inverse correlation with changes in the German two-year yield is around -0.25 over the past 30 and 60 sessions. Data: The eurozone data this week includes the preliminary August PMI, and June trade and construction figures. Negotiated wage settlements for Q2 will be reported. Recall that they rose by 2.45% in Q1 25, the least since the end of 2021. The bar for another rate cut is high and the data does not have the heft to be impactful. The swaps market price has slightly less than a 10% chance of a cut next month and almost a 25% chance of a cut at the following meeting in late October. Prices: The euro's recovery from last month's slide continued last week and the single currency reached $1.1730 to recoup a little more than three-quarter of the recent loss. Ahead of the late July high (~$1.1790), the euro needs to overcome the trendline connecting the July highs. It is found near $1.1750 at the start of the new week. A close below $1.1600 weakens the technical tone. PRC Drivers: Beijing is committed to keeping the yuan broadly shadowing the US dollar. This is unlikely to change any time soon. That the yuan is undervalued against the dollar is a dog-bites-man story. All the G10 currencies but the Swiss franc, are undervalued according to the OECD's model of purchasing power parity. By this calculation the euro, yen, and Canadian dollar are undervalued by more than the yuan, but they all reflect an overvalued dollar. Data: It is a subdued week for Chinese data. Without strong signals from Beijing, the banks will most likely keep the prime loan rates steady at 3.0% and 3.5% for the one-year and five-year tenors, respectively. SWIFTS's July report of currency usage for global payments is not as significant for the yuan as it may have been before China introduced its own system for settling yuan trades, which, incidentally, according to reports, will not accept trades that imply rate outside of the approved band. China's industrial output and retail sales were weaker than expected but because the weakness could be attributed to the hot weather, rains, and floods, Beijing may not feel a strong urgency to respond, allowing the current fiscal measures to run their course. Prices: Few of China's many critics acknowledge that the PBOC set the dollar's reference rate at the lowest since last November and has been adjusting the dollar's daily fix by more on average than it did at the start of the year. Still, with a few exceptions, the dollar has been in a CNH7.15-CNH7.20 trading range since late May. The 20- and 50-day moving averages have converged in the CNH7.1795-CNH7.1825 area. Yet, the dollar has fallen against the onshore yuan in all but four weeks since the end of April. The real complaint of the critics is not so much on direction as speed of the adjustment Beijing is managing. JPN Drivers: The dollar-yen exchange rate continues to be more sensitive to the changes in US interest rates than is generally recognized. The 30-day rolling correlation typically is higher with changes in the 10-year yield rather than the two-year yield, but that is not the case now. The correlation of changes in the exchange rate and the two-year yield is almost 0.80. It has not been above there since mid-2023. The 30-day correlation between changes in the exchange rate and the 10-year yield is slightly lower, near 0.75. It slipped below 0.10 in late May. The rolling 60-day correlation is near 0.66 for the two-year US yield and near 0.57 for the 10-year yield. Data: With Q2 GDP already reported, the tertiary industry index is of, well, tertiary importance. Local participants do not put much weight on the PMI. The July trade balance, which has deteriorated from June in 14 of the past 20 years, may draw some interest given the disruption emanating from the US. Despite the undervalued yen, Japan reported a JPY2.22 trillion trade deficit in H1 25 compared with a JPY3.37 trillion deficit in H1 24 and a JPY7.05 trillion shortfall in H1 23. Exports on a year-over-year basis will likely fell for the third consecutive month in July. Lastly, Japan reports the July CPI. The Tokyo report out a few weeks ago stole the thunder. The headline and core rates likely eased by around 0.2% to 3.1%. Prices: In an unusual commentary about foreign central banks, US Treasury Secretary Bessent opined that the Bank of Japan was slipping behind the inflation curve. Still, that and the stronger than expected Q2 GDP (with Q1 revised up) lifted expectations a little but are still less than what was anticipated at in late July. On August 8 almost 15 bp of tightening this year was discounted. Now a little more 17 bp is priced into overnight swaps (compared with 21 bp on July 24). Surveys suggest many are thinking that October would be a reasonable timeframe for the BOJ. Yet there are about 12 bp of tightening discounted, up from nearly 10 bp on August 8, but down from 14 bp at the end of July. The dollar was turned back last week from JPY148.50, a whisker below the (50%) retracement of the losses since the August 1 high, slightly shy of JPY151. Last week's low was near JPY146.20. A break could spur a test on the JPY145.85 area. UK Drivers: Sterling was bolstered by what was understood as a hawkish cut by the Bank of England earlier this month. In a close vote, it cut the base rate but increased its near-term inflation forecasts and Governor Bailey sounded even more cautious the forward guidance. This was followed in recent days by a stronger-than-expected Q2 GDP, helped by stronger government spending (1.2% quarter-over-quarter, after 0.4% contraction in Q1) and a mostly better than expected jobs report. The year-end rate implied by the swaps market is about 3.82%, up from 3.68% on August 1. Sterling remains sensitive to the dollar's broad direction. The rolling 30-day inverse correlation of changes in sterling and the Dollar Index is near 0.80, while the 60-day correlation is a little lower. Data: There are three high-frequency data points begin in the middle of the week. The first is the July CPI. The base effect makes for a difficult comparison. Headline CPI fell by 0.2% in July 2024. So even a flat reading for July would boost the year-over-year rate to 3.6% from 3.8% (rounding). The UK CPI rose at an annual rate of about 6.8% in Q2 and 2.4% in Q1. The second data point is the preliminary August PMI. The composite finished last year at 50.4 and was 51.5 in July. It is not expected to have change much this month. The week concludes the July retail sales. The 0.6% gain in June, excluding gasoline, disappointed after the dramatic 2.9% drop in May. The median forecast in Bloomberg's survey is for a 0.5% increase in July. Prices: Sterling extended its recovery off the August 1 low (~$1.3140) to almost $1.3600 last week. It has retraced more than (61.8%) of its July losses and settled above the down trendline connecting the July highs. The five-day moving average is almost a cent above the 20-day moving average, and the daily momentum indicators are rising. Pullbacks this month have been brief and shallow. The price action is constructive. There is little to stand in the way of a return to the multi-year high recorded on July 1 near $1.3790. Still, given the extent of the move and the upcoming data, we suspect consolidative forces will emerge shortly. CANADA Drivers: The Canadian dollar continue to appear sensitive to the US dollar's broad direction. The 30- and 60-day correlation of the changes of the USD dollar against the Canadian dollar and the Dollar Index are near their highest in over a year (both a little above 0.7)0. There was a slight inverse correlation with the US S&P 500 over the past 30 days, but it finished the week with a small positive correlation (~0.03), little different than the rolling 60 session correlation. The correlation of changes in the exchange rate and WTI has improved to the best in years (30-day correlation is near 0.60 and the 60-day correlation is around 0.25). The sign may be somewhat counter-intuitive as it indicates that the US dollar, not the Canadian dollar, has tended track oil prices a little better recently. Data: The most important high frequency report in the coming days is Canada's July CPI on August 19. Headline CPI rose at an annualized rate of around 1.6% in Q2 after a 6.0% annualized increase in Q1. In Q3 24, Canada's CPI fell, and it was flat in Q4 24. However, the base effect in July is favorable. Canada's CPI rose by 0.4% in July 2024 and as this drops out of the 12-month comparison the year-over-year rate will move lower from the 1.9% pace seen in June. The underlying core rates are firm, averaging 3.05% in June, up from 2.8% in March and 2.5% at the end of last year. After the disappointing jobs July jobs report on August 8, the market has been fully discounting a rate cut for the December meeting. Canada also reports June portfolio flows. In the first five months of 2025, foreign investors sold about C$18 bln of Canadian stocks and bonds. In the January-May 2024 period, foreigners were net buyers of C$85 bln of Canada's financial assets. Still, knowing the portfolio flows in real time would not have help trade the Canadian dollar. It fell by nearly 3% against the US dollar in the first five months of 2025 and rose nearly 4.5% against the greenback in the first five months of this year. Prices: The US dollar rose to meet the (61.8%) retracement objective of the decline from the August 1 high seen near CAD1.3820. It consolidated before the weekend. It settled on session highs, and the post the highest close of the month. Follow-through buying sets the sights on that August 1 high (~CAD1.3880). The lower end of the recent range is around CAD1.3720. The momentum indicators are not generating a strong signal, though the five-day moving average is above the 20-day moving average, and both are rising. Australia Drivers: The Australian dollar remains sensitive to the broader movement of the US dollar. The rolling 30- and 60-day inverse correlation between changes in the Australian dollar and the Dollar Index is hovering around -0.75. It is near the most in a year. The inverse correlation of the changes between the Australian dollar and the US dollar against the Canadian dollar slightly near less (~0.85) over the past 30 sessions and a somewhat less over the past 60 sessions (~-0.72). Data: After last week's 25 bp rate cut (to 3.60%) and labor market report, participants may not be sensitive to this week's preliminary August PMI and consumer inflation expectations survey. Recall that the composite PMI rose for the second consecutive month in July, the first back-to-back increase since February-March 2024. It stood at 53.8 in July, a new cyclical high. It was at 50.2 at the end of last year and 50.2 in August 2024. Prices: Despite posting an outside down day on August 14, there was no follow-through selling of the Australian dollar ahead of the weekend. Instead, the Aussie held the week's low seen near $0.6480 on August 12 and pushed to almost $0.6525. While there may be some resistance in the $0.6540-50 area, last week's high (~$0.6570) may be more important from a technical perspective. Mexico Drivers: Changes in the greenback against the peso and Dollar Index are near the most correlated of the year, nearly 0.75 (for the past 30 sessions). They were inversely correlated for most of February. Since the end of Q1 24, the rolling 30-day correlation has spent little time above 0.60. The 60-day correlation set the high for the year, slightly above 0.65 in early August and is near there now. The correlation between changes in the exchange rate and changes in US interest rates is weak (<0.10). The 30-day correlation between changes in USD-MXN and USD-CAD rose to nearly 0.40 from the year's low recorded in late May through mid-June of less than 0.10. Data: Data from the second quarter are likely to have limited impact on the peso's exchange rate and the outlook for monetary policy. More important is the CPI reading for the first half of August. Yet before the central bank meets again (September 25), it will have the full month of August CPI and the first half of September's in hand. Also, the US tariff policy may be clearer. The current cash target rate is 7.75% and the swaps market sees a terminal rate of near 7.25%. A resumption of the Fed's easing cycle may give Banxico more room to maneuver. Prices: The US dollar overshot the (61.8%) retracement of its losses against the Mexican peso this month on August 14. It rose slightly above MXN18.85 but settled below the retracement objective (~MXN18.80). Dollar sellers emerged and pushed the greenback below MXN18.70 before the weekend. Still, the price action warns that support near MXN18.50 is formidable. Initial support may be in the MN18.60-62 area. Disclaimer

Ethereum is holding firmly above the $4,400 level after recently reaching $4,792, just shy of its 2021 all-time high. The world’s second-largest cryptocurrency has seen weeks of massive gains, driven by strong institutional interest, shrinking supply on exchanges, and growing demand across decentralized finance. Bulls remain in control as momentum pushes ETH closer to record-breaking territory. However, risks are also building as the market enters a new phase of volatility. After such a sharp rally, profit-taking and speculative rotations could trigger stronger pullbacks. Key data highlights the intensity of current activity: Ethereum’s on-chain volume has surged to $12.93 billion, signaling heightened transaction flows and renewed investor participation. Historically, spikes in on-chain volume have coincided with critical turning points, either fueling further breakouts or marking the start of consolidations. The coming days will be crucial in determining whether Ethereum extends its bullish trajectory or enters a cooling-off phase. Ethereum Heads Toward 2021 Levels Amid Market Uncertainty With ETH trading above $4,400 after setting a local high at $4,792, market participants are watching closely as the asset approaches its former peak. The question now is whether Ethereum will mirror its explosive rallies of the past or pause for a consolidation before making a sustained breakout. On-chain data reinforces the bullish narrative. Ethereum’s on-chain volume has surged to nearly $12.9 billion, putting it close to the $16 billion peak recorded in 2021. This growing transactional activity highlights both renewed market participation and strengthening fundamentals. Historically, such spikes in on-chain activity have accompanied major upward phases, reflecting not just speculation but also deeper network utility. The broader market context adds weight to the discussion. Bitcoin appears to be entering its final bull phase move, typically a period that determines whether capital begins to rotate heavily into altcoins. Many analysts believe this could mark the beginning of altseason, with Ethereum leading the charge. At the same time, supply dynamics remain highly favorable. Exchange balances are shrinking, while OTC reserves dry up, signaling institutional accumulation. This tightening supply picture could amplify any bullish breakout. Weekly Chart Analysis: Key Levels To Hold Ethereum’s weekly chart highlights a decisive bullish breakout, with ETH trading at $4,425 after reaching a peak of $4,792, just below its all-time high from 2021. This rally represents one of the strongest weekly moves in years, fueled by consistent buying momentum and tightening supply conditions. Price action shows ETH has broken above long-term moving averages, with the 50-week SMA at $2,771, 100-week SMA at $2,761, and the 200-week SMA at $2,442 now far below current levels. This positioning confirms a strong uptrend structure, suggesting ETH has firmly transitioned into bullish territory after a prolonged consolidation phase. The current resistance remains the psychological $4,800–$5,000 zone, which aligns with the 2021 all-time high. A sustained breakout above this level would open the path toward uncharted territory, with analysts pointing to possible targets between $5,500 and $6,000 if momentum continues. However, risks remain as ETH approaches these levels. Weekly candles show sharp upward extensions, raising the potential for short-term pullbacks. Still, as long as ETH holds above $4,200–$4,300 support, the structure remains bullish. Featured image from Dall-E, chart from TradingView

Ethereum’s rally stalled just 1.94% below its November 2021 all-time high of $4,878 before sellers forced a pullback. Now, ETH USD is trading near $4,450, retreating after a +29% climb in the past 30 days. The inability to break through resistance highlights the technical overhang that continues to cap upside momentum even as institutional flows remain a dominant driver of short-term performance. EthereumPriceMarket CapETH$537.94B24h7d30d1yAll time ETF Inflows Crushed After 8 Day $3.7Bn Streak – Are ETH USD Outflows Here to Stay? The rejection coincided with the first net outflow from U.S. spot Ether ETFs in nine trading sessions. According to Farside data, $59.3M left the products on Friday, ending an eight-day streak funneling $3.7Bn into BlackRock’s ETHA, Fidelity’s FETH, and Grayscale’s Ethereum Mini Trust. (Source) Since their July 2024 launch, spot Ether ETFs have amassed $12.68Bn in cumulative flows, but the end of the inflow streak introduces a new datapoint for traders weighing the durability of the rally. https://cointelegraph.com/news/ether-etf-outflow-day-inflow-streak-billions-eth-price-predictions ETF flows have become one of ETH’s most reliable proxies for institutional positioning. Analysts note that sustained inflows are critical for challenging the $4,878 ATH ceiling. Standard Chartered raised its year-end ETH target to $7,500 this week, contingent on the continuation of strong net ETF demand. DISCOVER: Best Meme Coin ICOs to Invest in 2025 SharpLink Loss Compound Reversal in ETH USD Sentiment The flow reversal is the shadow of a weak earnings print from SharpLink Gaming, the second-largest Ethereum digital asset treasury company. As the firm reported a $103.4M net loss in Q2, equity markets panicked, triggering a -15% stock decline. Roughly $87.8M of the hit came from non-cash impairment charges linked to liquid staked ETH being marked at quarter-low prices of $2,300. While SharpLink’s 728,804 ETH holdings are now worth more than $3.3Bn at spot, the accounting treatment amplified headline losses and pressured sentiment around Ethereum treasuries more broadly. The confluence of a failed breakout, ETF outflows, and a major treasury holder posting steep paper losses reinforces the importance of institutional demand and accounting treatment in setting the near-term ETH USD narrative – not the retail market. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Ethereum ETFs vs Treasury Accumulation: What’s Driving ETH USD Price? The ETF reversal underscores the fragility of momentum when institutional vehicles pause their buying. Yet beneath the surface, corporations’ accumulation of Ethereum treasury remains a powerful counterweight. SharpLink’s headline $103M Q2 loss obscured that its 728,804 ETH position, now worth $3.3Bn, has steadily compounded through staking rewards. At a current yield of 3.4%, SharpLink has already booked more than 1,300 ETH in rewards this year, an organic inflow that cushions against valuation shocks. Other treasury firms have quietly expanded exposure, with BTCS Inc. and DeFi Development Corp adding reserves in Q2. The Block estimates the cumulative market cap of public companies holding ETH has surpassed $10Bn, marking Ethereum’s arrival as a treasury asset class in its own right. This is structurally important: while ETF demand is flow-driven and reactive to sentiment, treasury allocations are sticky, recurring, and often tied to operating models in DeFi infrastructure, gaming, or tokenized yield platforms. ETF outflows highlight short-term sentiment, but the parallel growth of treasury balance sheets indicates a strategic layer of demand less sensitive to daily price swings DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 ETH USD Price Analysis: Where Does Ethereum Price Go From Here? As ETH USD reels from the ATH resistance rejection, Ethereum is currently trading at a market price of $4,397 (representing a 24-hour change of -0.95%). Now seeking a lower foothold after further losing footing around $4,490, ETH USD price action seems likely to test lower historical support at the $4,115 price level. (ETHUSD) To strengthen this case, a steadily rising 20DMA seems intent on converging with this lower support level in the coming days. Notably, the 20DMA support has been untested by ETH USD for 10 days, meaning there has been no moving average support for the previous 8 days of ETF inflows. A successful consolidation at this level seems likely to trigger a second re-test of ATH resistance in the week ahead. After all, price is rarely entirely rejected from a first resistance test. Such a move would also be bolstered by confidence from a decline in the RSI, which has been overheated at a strong bearish signal for a number of days. ETH USD will likely be caught by well-established support around $3,750 in the event of a breakdown. DISCOVER: Best New Cryptocurrencies to Invest in 2025 The post Ethereum Price Rejects at ATH as ETF Flows Reverse and SBET Drops appeared first on 99Bitcoins.

This week saw record trading in US spot Bitcoin and Ether ETFs, driven largely by a sudden rush into Ether funds. According to ETF analyst Eric Balchunas, Ether ETFs alone posted roughly $17 billion in weekly volume, a figure that surprised many after months of quiet. The spike has pushed trading desks to rethink how fast money can flow into these funds. Ether ETFs Record Big Volume Reports have disclosed that spot Ether ETFs not only logged about $17 billion in weekly trading volume, but also saw a record single-day net inflow of $1 billion. Across the first two weeks of August, the funds pulled in more than $3 billion. According to Balchunas, it was almost as if the Ether ETFs were in hibernation mode for 11 months and then crammed one year’s worth of activity into six weeks. That phrase captured how suddenly demand arrived. Price Peaks And Quick Pullbacks Based on market data, Bitcoin hit a headline-making high of $124,000 on Thursday, while Ether came within nearly 2.1% of its November 2021 high by reaching $4,787, CoinMarketCap data shows. The highs did not stick. Since Thursday, Bitcoin has fallen over 5% from that peak and was trading around $117,648, while Ether dropped 6.15% and sat near $4,475. Short swings like these are common when excitement and fresh flows meet thin liquidity. Comparisons To The Bitcoin ETF Run Analysts are drawing parallels to last year’s Bitcoin ETF rush. Reports point out that Bitcoin ETFs reached new highs of $73,680 just two months after launching in January 2024. MN Trading Capital founder Michael van de Poppe said, “There’s way more to come for this cycle.” That view reflects optimism among some traders that ETFs can keep driving prices higher across crypto markets. Caution From Market Watchers At the same time, some market watchers warn that a fresh all-time high for Ether could still be weeks or months away. Flows can be volatile. Big one-day inflows can move markets quickly, but they can also reverse just as fast when traders take profits or shift strategies. If Ether funds keep bringing in large sums beyond the first two weeks of August, the move looks more durable. If not, the big numbers could turn out to be a short-lived spike. Based on reports and market behavior so far, ETFs are clearly a major near-term driver for both Bitcoin and Ether. The story is still unfolding. Some expect more gains; others urge patience. Either way, the sudden rush into Ether ETFs has made this chapter one of the busiest in recent crypto trading history. Featured image from Pexels, chart from TradingView

Before Trump flexed the US air force to Putin yesterday, the crypto market began with huge optimism, with Bitcoin floating at the $120,000 area. Following it, crypto experienced mixed sentiments. Bitcoin recorded an all-time high(ATH)of $124k, with Ethereum flying just 3% shy of its ATH, which was then followed by 5-6% dips across the whole market. Underlying tensions from geopolitical talks and regulatory shifts have resurfaced, turning the narrative and sentiment upside down. Crypto-related dramas unfolded rapidly, starting with the Trump-Putin summit in Alaska, which resulted in nothing for the Ukraine deal. The no-peace deal has stalled the potential of peace rallies. Although it has led to minor dips in Ethereum and Solana, a huge PPI numbers has sent crypto to a local bottom just 2 days before. BitcoinPriceMarket CapBTC$2.34T24h7d30d1yAll time EXPLORE: Best New Cryptocurrencies to Invest in 2025 Besides Solana From Bearish Alameda Unlock to Trump and WLFI Crypto Buying Spree This week, a major hack revelation involving North Korean groups exposed crypto security, causing a 10% drop in privacy coins like Monero. The hack forced exchanges to tighten protocols, which triggered a $200 million liquidation. Alameda Research also comes with a $38 million Solana unlock. This, of course, contributes to the SOL dip below $200. The unlock has also caused fear from an FTX black swan event, causing a 7% pullback in altcoin volumes. SolanaPriceMarket CapSOL$101.70B24h7d30d1yAll time The interesting one was the news that the Ethereum Foundation sold 2,795 ETH. The sell happened amid record-breaking ETF inflows, sending ETH testing $4,500 support. The next crypto news comes from Trump and his World Liberty Financial wallet. As per Arkham, WLFI has scooped up $18.6 million in WBTC and ETH, showing the US president’s trust in crypto. Hotter-than-expected US PPI data at 3.3% have probably been the biggest reason for the crypto sell-off. The fear of inflation, which can reduce rate-cut odds, has led to a $1 billion long liquidation. However, the Fed’s decision to scrap its bank-crypto program has emerged as a bullish counterpoint, boosting sentiment late in the week. This deregulation encouraged institutional entries. Coinbase with its $60 billion Deribit acquisition is another bullish counterpoint. Likely from the news, XRP surged 27% . Crypto could be dipping, but Bitcoin is closer to ATH than to $100K. BTC Dominance has slipped below 60%, ETH has record-breaking ETF inflows, and the whole crypto market has a $4 trillion market cap. The US, with Trump, and nations like El Salvador, with Bukele, are bringing optimism for the future of crypto. So, what is the best crypto to buy during this weekend? DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates 7 minutes ago Time For ETH to Shine? ATH Rejected, But.. By Akiyama Felix Ethereum’s rally stalled just 1.94% below its November 2021 all-time high of $4,878 before sellers forced a pullback. Now, ETH USD is trading near $4,450, retreating after a +29% climb in the past 30 days. The inability to break through resistance highlights the technical overhang that continues to cap upside momentum even as institutional flows remain a dominant driver of short-term performance. However, Ethereum could bounce here. EthereumPriceMarket CapETH$537.94B24h7d30d1yAll time Is this the time to buy Ethereum? Read the full story here. 32 minutes ago HYPE to Break New ATH Soon? Best Crypto to Buy Today? By Akiyama Felix HYPE token is a crypto wild card, and it could be the best crypto to buy today. With its steady performance, it has been taking every storm like a breeze. Hyperliquid is probably the first and only player in true decentralized perpetual futures. The DEX platform combines fast execution and low costs. Although it’s a decentralized platform, it gives users a fast order with just a click without the need to sign in for every trade. HYPE, as the native crypto, benefits directly from platform activity, especially with the ever-growing HYPE vault on every trade. (HYPEUSD) Read the full story here. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 The post [LIVE] This Week’s Trump And Crypto Saga: PPI Data, Geopolitical Stalls, Institutional Plays, And Finding The Best Crypto To Buy appeared first on 99Bitcoins.

Bitcoin is trading at a decisive point after recently setting new all-time highs, but momentum appears to be shifting. Despite briefly pushing past $120,000, BTC failed to sustain levels above its record, and the breakout above ATH remains unconfirmed. This lack of follow-through has fueled bearish speculation, with some analysts warning that the market could be facing increased downside risk in the short term. At the same time, on-chain data paints a more constructive picture for long-term stability. According to the latest insights, the Long-Term Holder (LTH) cohort—those holding Bitcoin between six months and two years—has significantly increased its supply. Since April, when BTC was trading at $83,000, their holdings have grown from 3.551 million BTC to 5.191 million BTC, a remarkable increase of 1.64 million BTC. This accumulation suggests strong conviction among seasoned investors, even as short-term volatility challenges the market. While traders focus on whether Bitcoin can reclaim $120,000 and establish a firm breakout, the ongoing buildup by long-term holders reinforces the broader bullish structure. The clash between short-term weakness and long-term strength will likely define Bitcoin’s next major move. Bitcoin Long-Term Holders Signal Strength According to top analyst Axel Adler, Bitcoin’s latest test of the all-time high at $118,000 showed a very different behavior compared to past cycles. During this move, long-term holders (LTHs) who have been holding coins between six months and two years engaged in some profit-taking. Data reveals their seven-day average spending climbed to 20,000 BTC. However, this level is far below the typical distribution spikes of previous cycles, where spending often surged to between 40,000 and 70,000 BTC. This more moderate selling activity suggests that the conviction among long-term holders remains strong. Rather than aggressively taking profits, many are choosing to continue accumulating or simply holding their positions. Adler highlights that accumulation still outweighs distribution, reflecting confidence in the market’s future direction. Such behavior from experienced participants typically signals a healthier, more sustainable bull phase, where selling pressure is absorbed without disrupting the broader uptrend. Despite this encouraging backdrop, Bitcoin faces a crucial technical test. To confirm the strength of the latest move, BTC needs to decisively push above the $125,000 level. A breakout beyond this resistance would likely validate the resilience shown by long-term holders and open the path toward further price discovery. If bulls succeed, the combination of institutional demand, long-term accumulation, and reduced selling pressure could drive the next major rally. Conversely, failure to reclaim $125,000 in the near term might give bears room to test lower levels before the next leg up. Testing Support After ATH Rejection Bitcoin’s 4-hour chart shows price retreating after a sharp rejection near $123,200, just below the recent all-time high at $124,000. Following this failed breakout attempt, BTC has slipped back toward $117,300, where it is currently holding above the key confluence of the 100 and 200 moving averages. This zone between $116,900 and $117,600 is acting as immediate support. A decisive breakdown here could expose further downside toward $115,000. However, the moving averages continue to slope upward, reflecting an underlying bullish structure despite the short-term weakness. The repeated rejection at $123,000–$124,000 highlights the importance of this resistance. Bulls will need to reclaim this zone with conviction to confirm momentum and extend the uptrend toward higher levels. Until then, the market remains in a consolidation phase, with traders closely watching if support at the $117K region holds. Featured image from Dall-E, chart from TradingView

Amid the recent market pullback, Solana (SOL) is attempting to reclaim a crucial area to continue with its bullish rally. Some analysts have suggested that the cryptocurrency will likely break out to new highs if a key support level is held. Solana Back Below $200 Earlier this week, the market soared under the lead of the two largest cryptocurrencies. Bitcoin (BTC) hit a new all-time high (ATH) of $124,000, and Ethereum (ETH) hit a multi-year high of $4,788 in the early hours of Thursday. Nonetheless, higher-than-expected macroeconomic signals and the US’s decision not to purchase BTC for its Strategic Reserve sent the market into a nosedive, with most tokens bleeding throughout the day. Solana, which had just climbed to an eight-month high of $209, saw a 10% drop from the highs, retesting the recently reclaimed $190 support level. Price continues to dip after the US Securities and Exchange Commission (SEC) announced it had pushed back its decision on multiple Spot SOL exchange-traded funds (ETFs). “The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change, and the issues raised therein,” the regulatory agency stated. The SEC delayed the final deadline for the decision on Bitwise, 21Shares, VanEck, Grayscale, and Canary Capital Solana ETFs for two months, pushing it to October 16, 2025. Despite the delay, ETF expert James Seyffart suggested that the SEC’s decision is not a bad sign, adding that he expects standard spot SOL ETFs to be approved by mid-October “at the latest.” The altcoin dropped to the $188 area before bouncing. After the brief market recovery, SOL continued to retest the $180-$190 area, hovering between the $184-$186 support zone throughout Friday afternoon. Last Dip Before New Highs? Analyst Ali Martinez offered a positive outlook for the cryptocurrency, affirming that Solana might be offering “a final buy-the-dip chance” before a potential 100% rally from current levels. The analyst pointed to a six-month ascending triangle pattern on the altcoin’s chart, which targets the $360 area once it breaks out of the formation. Notably, SOL has retested the pattern’s resistance twice since the July breakout, with its latest rejection occurring on Thursday. Amid the recent performance, Martinez also noted that wallets holding over 10,000 SOL tokens hit a new ATH this week, with 5,224 wallets holding around $2 million worth of Solana each. Meanwhile, Sjuul from AltCryptoGems asserted that the cryptocurrency is “trading in a perfect uptrend, already tested the resistance at $200 three times,” highlighting SOL’s four-month ascending channel. To the market watcher, Solana will likely break out and move to ATH levels soon if it holds above the $180 level, which has been a crucial support and resistance area for the altcoin this cycle. As of this writing, SOL is trading at $184.9, a 4.7% decline in the daily timeframe.

Michael Saylor, chairman of the largest public Bitcoin treasury company, Strategy (formerly MicroStrategy), is embarking on what could be his most daring financial venture yet: the introduction of perpetual preferred stock as a new funding mechanism. This new approach seeks to move away from traditional methods like common stock sales and convertible bonds, which have already helped Strategy amass $75 billion in Bitcoin assets. Saylor’s Bitcoin Credit Model The perpetual preferred stock, branded “Stretch,” offers a unique financial structure—these securities do not mature and can even defer dividend payments, providing flexibility for the issuer while potentially unsettling investors. The Stretch offering features variable-rate dividends and lacks voting rights, positioning it as neither conventional debt nor typical equity. Saylor believes this could provide the company with the necessary capital to continue acquiring Bitcoin. According to Bloomberg, over the next four years, he plans to retire billions in convertible notes, reduce common stock sales, and rely more heavily on preferred offerings as his primary funding source. This ambitious plan aims to establish a “BTC Credit Model,” where Bitcoin underpins a new stream of income. Saylor envisions the potential to raise “$100 billion… even $200 billion” if demand for these securities is strong. High-Yield Risks So far this year, Strategy has raised approximately $6 billion through four perpetual preferred offerings, with the latest $2.5 billion tranche being one of the largest capital raises in the crypto space this year. As Michael Youngworth from Bank of America noted, this retail-driven approach is unique in the corporate preferred market, which is typically dominated by investment-grade institutions. However, there are concerns about the sustainability of this model. The perpetual preferreds require ongoing, substantial dividend payments, which could be a challenge given that Bitcoin itself does not generate income. Saylor’s push for perpetual preferreds is also a strategic response to the limitations of the convertible market, which tends to exclude retail investors. Strategy’s CEO, Phong Le, has framed this shift as a way to create a more resilient capital structure, particularly in light of the challenges faced during the 2022 “crypto winter.” Despite the potential advantages, the high yields associated with perpetual preferreds—often between 8% and 10%—could become burdensome, especially in a market downturn, according to experts. Critics like short-seller Jim Chanos have labeled these instruments as “crazy” for institutions to buy, given their non-cumulative nature and the issuer’s discretion over dividend payments. When writing, Bitcoin trades at $117,260, retracing over 5% from the recently achieved $124,400 all-time high earlier in the week. Year-to-date, the market’s leading crypto is up 101%. Featured image from DALL-E, chart from TradingView.com

Bitcoin remains under the $120,000 price mark following a pullback triggered by remarks from the US Treasury that the federal government will not be purchasing the cryptocurrency. At the time of writing, BTC is valued at approximately $118,612, representing a 4.1% decline from its record high above $124,000 reached earlier this week. The market seems to be currently assessing whether this consolidation phase will lead to renewed upward momentum or extend the correction. Recent blockchain data has brought attention to activity on Binance, the world’s largest cryptocurrency exchange by trading volume. Bitcoin Exchange Inflows and Potential Impact According to CryptoOnchain, a contributor to the on-chain data provider platform CryptoQuant, the exchange has recorded one of the seven highest average Bitcoin inflows in recent months. This increase, measured by the Mean Inflow metric, reflects a greater volume of BTC being transferred into Binance wallets, potentially as preparation for selling, using as collateral for leveraged positions, or institutional portfolio adjustments. CryptoOnchain explained that persistent high inflows often indicate that more Bitcoin is moving from private wallets to exchange trading accounts. Without equivalent buying demand to offset this, the increase in supply can create short-term selling pressure. The positive netflow trend, where inflows surpass withdrawals, supports this interpretation, showing that Binance’s Bitcoin reserves are growing. Historically, similar patterns have preceded periods of price volatility, particularly if large holders decide to offload positions or hedge via derivatives markets. If inflows continue at their current pace without a parallel rise in demand, the analyst suggests the market could experience higher short-term downside risk. On the other hand, if these inflows are met with strong buying interest, they could provide liquidity for further price movement. The key factor remains whether the increase in exchange-held BTC is driven by selling intentions or strategic positioning ahead of market developments. Leverage Trends Point to Lower Speculative Risk A separate analysis from another CryptoQuant contributor, Arab Chain, examined Binance’s Estimated Leverage Ratio (ELR) for Bitcoin. The ratio, which measures open interest relative to exchange reserves, recently dropped from its early August peak above 0.27 to around 0.25, before showing a modest rebound. From May to late July, both Bitcoin’s price and the leverage ratio rose together, suggesting heightened participation from traders using larger positions. The recent drop in leverage, despite prices remaining near $119,000, indicates a reduction in speculative exposure, possibly from liquidated high-risk positions or profit-taking after rapid price gains. Arab Chain noted that a lower leverage ratio during a period of price stability can be a constructive sign, as it implies that market support is coming from actual liquidity rather than excessive speculation. Should the ELR remain between 0.24 and 0.25 while Bitcoin gradually moves above $120,000, it could signal a price advance driven more by spot demand than leveraged trading. However, a sudden rise in the leverage ratio above 0.27 during another test of the $120,000–$124,000 range would increase the risk of a sharp correction. This would mirror the conditions seen during previous liquidation events, where a combination of high leverage and rapid price movements triggered large sell-offs, the analyst noted. Featured image created with DALL-E, Chart from TradingView

American Bitcoin, the recently established mining company backed by Donald Trump Jr. and Eric Trump, is actively seeking opportunities to acquire companies in Asia to bolster its Bitcoin (BTC) reserves. According to a report by the Financial Times, sources familiar with the matter indicated that the company aims to purchase a publicly listed firm in Japan, with potential interests in Hong Kong as well. American Bitcoin Aims To Mirror Strategy’s Success American Bitcoin is already in the process of developing its own strategic Bitcoin reserve, mulling President Donald Trump’s very own vision of creating a stockpile of the market’s leading crypto for the country. The Financial Times asserts that the company established in collaboration with Hut 8 is currently engaging with investors in the Asian region regarding potential acquisitions. The company’s ambition is said to mirror the successful approach of Michael Saylor, the founder of Strategy (formerly MicroStrategy), which has the largest Bitcoin holdings of any public company, surpassing 600,000 BTC coins according to Bitcointreasuries.Net data. The firm’s goal coincides with that of other companies exploring the crypto treasury reserve approach. These companies focus on assets beyond Bitcoin, including Ethereum (ETH), Binance Coin (BNB), and TRON, among others. These firms sell shares or debt to fund their purchases of digital assets, allowing investors to gain exposure to cryptocurrency prices without directly owning the tokens. This method has appealed to many traders, particularly in a newly favorable regulatory environment for digital assets in the US. Trump Family Strengthens Crypto Presence The company is preparing to go public in September via a reverse merger with Gryphon Digital Mining, which is already listed on Nasdaq under the ticker name GRYP. Eric Trump serves as the co-founder and chief strategy officer of American Bitcoin, a rebranded entity that evolved from American Data Centers (ADC), previously a subsidiary of Dominari Holdings. American Bitcoin recently disclosed its goal of creating an efficient platform for Bitcoin accumulation, emphasizing active treasury management and long-term value creation for shareholders. The company noted that while it is exploring opportunities in specific regions, no binding commitments have yet been made. The Asian market, particularly Hong Kong, has been making significant efforts to become a hub for digital assets. Establishing treasury companies in these regions could generate new demand for cryptocurrencies, which aligns with American Bitcoin’s vision. In addition to American Bitcoin, the Trump family has diversified its crypto ventures. President Donald Trump recently reported earnings of $57 million from his involvement with World Liberty Financial, which announced plans to acquire $1.5 billion worth of its own WLFI tokens. Meanwhile, the Trump Media & Technology Group (TMTG) intends to raise funds for a “Bitcoin treasury,” highlighting the family’s ongoing commitment to the cryptocurrency space. As of this writing, American Bitcoin holds 1,941 BTC, currently valued at approximately $227 million. Bitcoin is currently trading at $117,270, having retraced 5% from its record high of $124,100 earlier this week. Featured image from DALL-E, chart from TradingView.com

Data shows the Bitcoin Coinbase Premium Gap has witnessed a spike, a sign that American investors may be buying at post-dip prices. Bitcoin Coinbase Premium Gap Has Seen A Sharp Positive Spike In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Bitcoin Coinbase Premium Gap. This metric measures the difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). The indicator tells us about how the buying or selling behavior differs between the userbases of the two platforms. The former is the main platform of the American investors (especially the large institutional entities), while the latter gets users from around the world. Here is the chart shared by Maartunn that shows the trend in the Bitcoin Coinbase Premium Gap over the past week: As displayed in the above graph, the Bitcoin Coinbase Premium Gap surged to notable positive levels on Wednesday, indicating that BTC was going for more on Coinbase than Binance. In other words, Coinbase users were participating in a higher amount of buying than Binance traders. What followed the accumulation from the US-based entities was a surge in BTC’s price to a new all-time high (ATH). The cryptocurrency saw a plunge on Thursday and has continued to trade at lows today, but interestingly, the Coinbase Premium Gap has only noticed a further uptick. This could be a sign that American institutional investors are looking at the dip as a buying opportunity. Since the start of 2024, this cohort has often taken the driving seat in the market, so it only remains to be seen whether this accumulation would also lead somewhere. Another sign that could point at dip-buying occurring in the sector is the trend in the USDC Exchange Inflow, as the analyst has discussed in another X post. The “Exchange Inflow” is an on-chain indicator that tracks, as its name suggests, the amount of a given asset that investors are depositing into wallets associated with centralized exchanges. In the current case, the cryptocurrency involved is the stablecoin USDC. Generally, holders transfer their coins to exchanges when they want to sell, so an uptick in the metric for coins like Bitcoin can be a bearish sign for their prices. For stablecoins, however, the same isn’t true, as their prices are by definition stable around $1. Instead, stablecoin inflows have an effect on the volatile assets: investors use them to buy BTC and others, thus providing a bullish boost to their value. Since the BTC price plunge, the USDC Exchange Inflow has amounted to a whopping $3.88 billion. “Investors are treating it as a buy-the-dip opportunity,” notes Maartunn. BTC Price At the time of writing, Bitcoin is trading around $117,800, down 1% over the last 24 hours.

According to reports, Canary Capital has taken a formal step toward an ETF tied to the TRUMP memecoin by registering an entity called the “Canary Trump Coin ETF” with the Delaware Division of Corporations on August 13. That registration is an early, procedural move and does not mean the fund has been filed with or approved by the US Securities and Exchange Commission. Markets reacted quickly; TRUMP rebounded from about $9.35 to $9.55 after the news, marking just over 10% gains for the week at press time. Regulatory Route And Competing Filings Based on reports, the registration adds to a growing list of institutional bids to package memecoins. Companies such as Grayscale, Bitwise, and 21Shares have already pursued funds linked to Dogecoin, while Osprey Funds and REX Shares filed for TRUMP-related products earlier in the year on January 21. Bloomberg’s Eric Balchunas has suggested Canary may be positioning for a filing under the 33 Act, which would differ from other teams that have used the 40 Act. That choice could change the form of filings and the timeline for review. What Registration Means And Why It Matters An entity registration in Delaware is a common legal step before formal SEC submissions like S-1s or 19b-4s. It signals intent and lets market participants spot plans early. It does not mean the SEC has weighed in, and approval would still hinge on custody, market surveillance, and other protections regulators demand. The filing has given TRUMP token holders reason for optimism because a regulated vehicle could bring new liquidity, but it would not change the token’s fundamentals. Momentum And Market Moves Reports have disclosed that the TRUMP token saw a price uptick after the registration announcement. That reaction is typical: headlines attract retail attention, and memecoins are highly sensitive to news flow. Still, TRUMP remains far below its January peak of $75 — about 60% below that high — and any fund launch would only channel speculation into a regulated wrapper, not create earnings or cash flows for the token itself. There are risks to watch. Memecoins are commonly treated as commodities by regulators, which helps the case for ETF structures, but concentration in a few wallets, unclear custody arrangements, and the potential for market manipulation are real concerns. Approval would likely require third-party custody, audits, and exchange surveillance plans that make the product less fragile than an unregulated token listing. Featured image from Getty Images, chart from TradingView

TRON’s market momentum has eased after a recent rally that pushed its price above $0.365, with the asset now trading at $0.355, representing a 1.76% drop over the past 24 hours. This consolidation follows a steady climb in recent weeks that saw the network’s transaction activity and derivatives data draw increased analyst attention. According to CryptoQuant contributor Burak Kesmeci, the current TRX futures market remains in a neutral position, suggesting that the asset may still have room to advance before approaching a local top. Futures Market Indicators and Historical Context Kesmeci’s analysis centers on the TRON Futures Volume Bubble Map, a metric used to gauge periods of overheating in the futures market. Historically, this tool has flagged heightened risk when red-toned “bubbles” appear, marking moments of excessive speculative activity. The last notable instance occurred in early December 2024, when TRX rose from $0.26 to $0.45 before hitting a local peak. At present, Kesmeci notes that the indicator has not entered the high-risk zone, meaning TRX has not yet reached levels of speculative saturation. This, in theory, leaves space for further price increases if current market trends persist. Futures market analysis like this often helps traders differentiate between rallies supported by organic demand and those driven primarily by leveraged speculation. The neutral reading suggests that current TRX movements could be supported by genuine buying interest rather than excessive short-term leverage. A balanced outlook, however, would also consider that futures market conditions can shift quickly. If trading volume or open interest begins to rise sharply alongside price, the risk of a pullback could grow. For now, the neutral futures environment combined with moderate spot market activity provides a base for potential incremental gains. TRON On-Chain Data Reveals Exchange-Linked Transfer Spike In a separate observation, CryptoQuant analyst CryptoOnchain highlighted unusual network activity on July 19, 2025, when more than 3.426 billion TRX, valued at roughly $1.11 billion, moved across the blockchain in a single day. A closer breakdown of these transactions indicates that this surge was not the result of organic user demand but was instead tied to operational movements between a small group of large wallets. The data shows that two back-and-forth transfers of 612 million TRX each between two addresses accounted for around 36% of that day’s total value, fitting the pattern of a hot-to-cold wallet rebalance often associated with exchanges. Additional chains of transfers, including fixed-denomination movements of between 3 million and 7.5 million TRX, also align with common exchange deposit and withdrawal processing. While over 85% of the day’s total transfer volume was traced to this interconnected wallet cluster, both Arkham and Tronscan list no official ownership labels for the addresses. Nevertheless, the mirrored transaction flows and their structured nature strongly point toward centralized custody, likely by an exchange or large service provider. Compared with a similar event in June 2023, the July 19 spike occurred within a broader trend of increasing transactions per second (TPS) and total transaction volume in 2025. This suggests that while the event itself was operational, TRON’s underlying network activity continues to expand. CryptoOnchain cautions that such operational spikes should be distinguished from genuine adoption surges to avoid overestimating organic growth. Featured image created with DALL-E, Chart from TradingView

According to reports, USELESS coin surged 52% in a single day after becoming the first memecoin from LetsBONKfun to land on Binance. The price climbed from $0.19 to $0.33 during the initial burst, data from Coingecko shows, and many traders sold into that move overnight. Social interest rose alongside the price: 30-day growth was 42%, which translated to nearly 9,700 new followers, data from Messari shows. Exchange Listings Fuel Hype Reports have disclosed that other platforms moved quickly. Kraken listed the token amid the buzz, and Coinbase added USELESS to its listing roadmap, making the token visible to US markets. That wider exposure appears to have attracted new buyers and attention. Some traders said that easing crypto rules and exchange access were helping memecoins get more eyes and more capital. Buyers Pushed Early And Some Took Profits Orderbook snapshots showed heavy bids before the Binance announcement, and some market watchers flagged those buys as suspicious. Insider buying is a common concern around listings, and the timing here raised eyebrows. After the launch, price shot to $0.31 from $0.22, then cooled as profit-taking set in. By the second day, buy-side depth had thickened while taker buy/sell volume began to ease. Overall Activity Up 300% Trading activity spiked. Daily volume reached $420 million, which was more than 1.5x the token’s market cap according to trade tallies. In the run-up and immediate aftermath, overall activity rose by almost 300%. On decentralized exchanges, netflows put USELESS at the top of the list among the top 10 coins by netflow, even ahead of Bonk [BONK]. Gem Detector data on X showed USELESS as the most held token among the platform’s top four memecoins, a sign that community interest was strong. Technical indicators signaled higher volatility as Bollinger Bands widened. The midpoint of the bands sits near an earlier resistance at $0.27, which could act as the next support. Resistance around $0.33 looks to be a key pivot; a clear break above that might open a path toward $0.40. If $0.27 fails, the token could slip back to $0.22, the level where the surge began. Aggregated spot and bid delta hit its highest level since launch, even as taker buy volume tapered off. Featured image from X/@theuselesscoin, chart from TradingView

Bitcoin is approaching a critical juncture as its textbook ascending triangle converges with a tight trading range. Consolidation near key support and resistance levels sets the stage for a potential breakout or breakdown, making the next moves crucial for market momentum. Ascending Triangle Signals Strength Alpha Crypto Signal, in a recent post, highlighted that Bitcoin is currently shaping a textbook ascending triangle pattern on the daily chart — a well-recognized bullish continuation setup. The analyst explained that price action is consolidating just under the horizontal resistance zone at $122,500, while a series of higher lows continues to form along the rising trendline, signaling strong underlying demand. The analyst emphasized that as long as BTC holds above the 9 EMA at $118,738 and respects the ascending triangle’s support line, the overall bias remains bullish. These levels are crucial in maintaining the pattern’s structure, and a break below them could shift sentiment in favor of the bears. The persistence of higher lows indicates that buyers are consistently stepping in, preventing significant pullbacks, as indicated on the chart. In conclusion, Alpha Crypto Signal stated that a clean break above the $122,500 resistance, backed by strong volume, could open the door for BTC to push toward a new all-time high. Such a move is likely to confirm the ascending triangle breakout and potentially trigger the next major bullish wave in the market. Bitcoin Stuck Between $112,592 And $123,334 In an X post, X_Crypto, after examining Bitcoin’s action in a 4-hour timeframe, revealed that the flagship asset is currently trading within a defined range between $112,592 and $123,334, as highlighted on the chart. Meanwhile, the price is hovering around $119,106, with local support at $117,445 and the nearest resistance set at $123,334. The analyst noted that above the current range, $124,576 stands out as a key resistance zone. If this level is breached, the next upside target would be $127,272, which could serve as a profit-taking point in a bullish scenario. These levels will be critical in determining the strength of any upward continuation. On the downside, X_Crypto pointed out that a break below $117,445 could open the way for a drop toward $112,592 — the lower boundary of the range and a strong support zone where buyers are likely to step in. This area, the writer stressed, will be pivotal for defending the broader bullish structure. Lastly, indicators on the lower timeframes, as mentioned by X_Crypto, are showing local oversold conditions, hinting at a potential short-term bounce. However, the analyst cautioned that without sustained consolidation above $119,106, selling pressure could persist, limiting any meaningful upside momentum.