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Crypto is pumping, and behind this uptick is the ever-firm BTC USD price, which skyrocketed above $123,000 yesterday, printing fresh all-time highs of over $124,700. Although the momentum has dropped since the break higher, the uptrend remains, and every low may be an opportunity for aggressive bulls targeting $130,000 this week and $150,000 by the end of Q3 2025. Bitcoin Prints Fresh All-Time Highs of Nearly $125,000 From the daily chart, the BTC ▲1.30% price is up by over 60% after dropping to as low as $74,000 in April 2025. At spot rates, buyers are squarely in control, and a close above $125,000 this week will be the spring for $130,000. BitcoinPriceMarket CapBTC$2.42T24h7d30d1yAll time What’s needed is a clean close above $125,000 and the chop of July 2025. If this breakout is with higher trading volume, there will be a high probability of the Bitcoin price rallying to as high as $130,000 within the next 48 hours. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 BTC USD Rally: What’s Driving the Surge? The Bitcoin rally of the past three months has cemented its position as a leading asset, drawing institutions and even comments from politicians and regulators. Pro-Crypto Policies Increasingly, more policymakers in the United States and Europe have been monitoring crypto, with their eyes on Bitcoin, thanks in part to its stellar performance over the past eight months after Donald Trump became president for the second time. Under Trump, Gary Gensler resigned in January, and Paul Watkins was installed in his place. Under his leadership, the United States SEC has expressed full support for some of the best cryptos to buy, including Bitcoin. The regulator has since dropped lawsuits against Ripple, Binance, and Coinbase. Three proposals, including CLARITY, GENIUS, and Anti-CBDC acts, have since been discussed. The GENIUS Act has since been passed into law. The CLARITY Act, which classifies Bitcoin as a commodity under the CFTC, will also see it enacted in the coming months. On the other hand, the Anti-CBDC Act, which bans the creation of a CBDC in the United States, preserves Bitcoin’s appeal as a decentralized alternative. Moreover, Trump signed an executive order establishing a United States Strategic Bitcoin Reserve. Under the proposed BITCOIN Act, the United States is supposed to acquire 1 million BTC over five years, signalling Bitcoin’s role as a national strategic asset. States like Arizona and New Hampshire have since launched their reserves. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Public Companies Hoarding BTC Public companies are doubling down on digital gold, adding it to their treasury assets. The more they buy BTC from the secondary market, the more scarce the asset becomes, reducing its circulating supply. This, in turn, drives prices higher, lifting the demand for some of the best meme coin ICOs in the process. According to Bitcoin Treasuries, the top 100 public companies own over 800,000 BTC. (Source: Bitcoin Treasuries) Leading the way is Strategy, which controls 628,946 BTC as of August 14. Other notable holders are MARA Holdings and XXI, which control over 93,000 BTC. Tesla, Block, and GameStop also hold BTC in their balance sheets, creating scarcity and pushing the BTC USD price higher. Institutional Demand Beyond public companies hoarding BTC, there is a massive inflow from institutions. Latest data from SosoValue shows that institutions bought $86.91 million of spot Bitcoin ETFs on August 13, pushing their total holdings to over $158 billion. (Source: Soso Value) Institutions, holding shares of various spot Bitcoin ETFs, including those issued by BlackRock and Fidelity, now control over 6.4% of all BTC in the circulating supply. DISCOVER: 20+ Next Crypto to Explode in 2025 Macroeconomic Tailwinds Bitcoin is also seen as a hedge against inflation. Inflation in the United States is rising, but the Federal Reserve will likely slash rates in September. Treasury Secretary Scott Bessent expects a “series of rate cuts,” starting with a 50 basis point cut in September. Goldman Sachs expects the Federal Reserve to cut rates by 75 basis points by the end of the year. Still, according to the CME FedWatch, there is a 98% chance of the Federal Reserve keeping rates unchanged at around the 4.25-4.50% range. (Source: CME FedWatch) Regardless of the margin, any rate cut makes Bitcoin and other safe havens appealing. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 BTC USD Prints New ATH, Bitcoin Price To $130K This Week? BTC USD breaks $123,000, prints fresh all-time highs Will the Bitcoin price reach $130,000 this week? Bitcoin is soaring on favorable crypto policies, institutional demand, and accumulation by public companies Will the Federal Reserve cut rates in September? The post BTC USD Slams New ATH at $124K: Can Bitcoin Price Hit $130K This Week? appeared first on 99Bitcoins.

The Ethereum Foundation (EF) has been selling small amounts of ETH during price rallies, while BlackRock continues to buy. The latest transactions concluded for 2,800 ETH worth $12,7 million. As they have stated, these sales are part of normal treasury management to fund development, research, and events. Vitalik Buterin says the sales help Ethereum Foundation stay neutral and avoid risks with staking, such as being forced to stake sides during controversial upgrades. At the same time, BlackRock’s Ethereum ETF has been pulling in large amounts of institutional money. EthereumPriceMarket CapETH$572.98B24h7d30d1yAll time Why the Ethereum Foundation Sells During Strong Markets The EFs’ ETH sales are not panic moves or price predictions; they are simply a way to turn some of their holdings into cash for operations. EF’s treasury policy, introduced in June 2025, focuses on transparency, keeping enough funds for at least 2.5 years of expenses, and limiting spending to 15% of its reserve yearly. This shows that both can happen simultaneously without conflicting with each other. In the future, EF might add staking if it can do so without losing neutrality, but for now, converting small amounts of ETH to cash remains its primary funding method. Overall, it looks like both entities have a strategy, and they are following it without worrying too much if one gets in the way of the other. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Ethereum Foundation is selling $12,7 million into BlackRock buyings? ETH hovering below ATH with ETF’s amassing more than $500 million in single day. The post Ethereum Foundation Sells Into Strength: Will Vitalik Dump on BlackRock? appeared first on 99Bitcoins.

Chris Burniske, the cofounder and partner at crypto venture firm Placeholder, laid out a time-boxed set of cycle targets for the market’s three bellwethers, arguing that the “crazier” price action gets through early autumn, the higher his conviction becomes that this cycle culminates in October. “Aiming for an October top in BTC, if I were to pick numbers, which we all know is a grade above guessing, I’d say BTC $142,690, ETH 6,900–8K, $SOL ~ $420. NFA, it’s a meme world we live in,” Burniske posted on X late on August 13. Predictions For Bitcoin, Ethereum And Solana The Placeholder co-founder expanded on the logic in follow-ups, saying he prefers the implied cross-asset relationships against Bitcoin at those levels. He suggested that if the run accelerates into August–September–October, his “conviction” in an October top rises; conversely, “if we pull back hard soon, and get more muted, then perhaps we can extend this bull for longer.” He also emphasized that once Bitcoin’s tide turns, lower-liquidity assets typically “drain out” faster—an admonition that aligns with past cycle behavior even if timing the inflection is, as he put it, “a grade above guessing.” By construction, Burniske’s slate of targets bakes in a meaningful repricing of the crypto complex’s internal ratios. At a $142,690 Bitcoin, an Ethereum band of $6,900–$8,000 implies an ETH/BTC ratio in roughly the 0.048–0.056 range, while $420 Solana would imply an SOL/BTC ratio near 0.003. That positioning squares with his aside that he “likes the implied ETHBTC and SOLBTC ratios,” and with a broader market dynamic he and others point to: sustained capital rotation out of Bitcoin into higher-beta assets as the cycle matures. On that rotation, Burniske amplified a dashboard from analytics firm Glassnode—shared via Swissblock—showing that market-cap-weighted seven-day returns across top altcoins have breached the +1σ band three times since April. Statistically, that constitutes significant outperformance relative to Bitcoin and is consistent with capital flowing from BTC into ETH and the long-tail. “It’s not that crypto inflows are drying up. Capital is rotating into ETH and altcoins, draining from BTC and fueling a torrent into the altcoin market,” Swissblock summarized alongside Glassnode’s chart. Burniske also floated a tongue-in-cheek “meme world” extension to his Bitcoin call a few hours later—“BTC looking juicy, maybe $169,420 is a better meme world”—underscoring both the self-aware tone of the thread and the reality that upside blow-offs, if they occur, rarely stop on tidy round numbers. The thread was not purely about price targets. It doubled as risk management guidance for a market that has already pushed to new all-time highs this year. “Selling some isn’t the same as selling it all, and it’s best to ‘sell some’ in bits and pieces on the way up,” Burniske wrote in a separate post he referenced again on Wednesday. “I see too many people who want to do it all in one go. Buy it all in one go, sell it all in one go, full port into one thing—those are gambling techniques, not investing techniques.” Context for the Solana leg of the call arrived a day earlier. On August 12, Burniske suggested SOL “could be gearing up for a monster monthly” if capital rotation gives it “time in the sun” after Ethereum’s push—an argument that maps to the altcoin outperformance signals above and to his preference for the ETH/BTC and SOL/BTC skews into an October denouement. None of this is novel as far as cycle anatomy goes—lead asset first, majors second, long-tail last. Whether the market prints Burniske’s “meme world” or settles for the initial $142,690/$6,900–8,000/$420 matrix, the thread’s two practical takeaways are unequivocal: autumn is the window he’s watching, and process discipline matters more than clairvoyance when the tape gets euphoric. At press time, BTC traded at $121,799.

Despite recovering above $120,000 again, Bitcoin has not been able to completely shake off the bearish pull. This has resulted in what looks like the beginning stages of a price pullback that could result in a notable crash. There are also fair value gaps (FVGs) that are yet to be fully filled, suggesting that the uptrend may see a pause before resuming. Bitcoin Momentum Pulling Toward Bearish As crypto analyst TehThomas explains in an analysis, the Bitcoin price action shows that it has moved toward a key rejection block. This rejection block was around the $122,000 level, explaining why the cryptocurrency saw a pushback from here. Given this, Thomas explains that this movement points to exhaustion in the market. This could suggest more sellers are beginning to take profit, and with buyers taking a step back, there is not enough demand to hold off the supply being poured into the market. If this continues, then there will be a shift into the bearish territory for this. Moreover, the fact that he rejection block aligned with the 4-Hour charts shows there is a strong confluence zone for sellers. This puts bears in charge at this level, and with the price closing within this confluence zone, it gives more strength to the reversal trend and could push for a further retracement. Buying Into The Fair Value Gap There is currently a fair value gap that is yet to be filled above $112,000. This makes this level the first target in the event of a price retracement. The likelihood of a retracement to this level is high because historically, fair value gaps tend to be filled first before there is a continuation of the bullish momentum. Additionally, there is also the fact that the Bitcoin price moved “through a cluster of resting liquidity above recent highs.” This was the level that acted as the trap for late buyers and longs and triggered a wave of liquidations as the price moved downward again. If this bearish scenario does play out, then the analyst expects that the Bitcoin price will actually crash back as low as $110,000 to fill the gaps. However, a completion of this move would serve as the setup for the next upward wave toward the peaks.

Bitcoin price smashed through a new all-time high of $124,128, gaining 3.58% in the past 24 hours. Its market cap now sits at $2.457 trillion, overtaking Alphabet to become the fifth-largest asset in the world, behind only gold, Apple, Microsoft, and Saudi Aramco. This surge has traders scanning for the next crypto to explode, as capital begins to rotate across the market. The milestone reinforces Bitcoin’s position as a dominant macro asset, now rivaling the market value of some of the largest corporations in history. Even Strategy (MicroStrategy) is celebrating the gains. With Bitcoin at record highs and multiple altcoins showing explosive momentum, the rest of August could offer incredible opportunities — though traders should be ready for strong swings as the market tests new territory. 24 minutes ago Radiant Capital Hacker Doubles Haul to $102.5M After Holding ETH for 10 Months By Fatima The hacker behind the $53 million Radiant Capital exploit has nearly doubled their haul to $102.54 million by trading Ethereum. Ten months ago, the attacker drained the funds and converted them into 21,957 ETH. This week, blockchain data shows the wallet began realizing profits, selling 9,631 ETH for about $43.94 million at an average price of $4,562. The remaining balance stands at 12,326 ETH, worth roughly $58.6 million. The trades represent a $49.5 million gain, or a 93.5% profit. The post [LIVE] Latest Crypto News, August 14 – Bitcoin Price Hits A New ATH Over $124K: Next Crypto To Explode? appeared first on 99Bitcoins.

This is a follow-up analysis and update of our prior report, USD/JPY Technical: Potential impending minor bullish breakout for Japanese yen, published on 8 August 2025. The emergence of the Japanese yen’s strength has materialized as expected that saw the USD/JPY recording a week-to-date drop of -0.9% at this time of writing and breaking below the first support of 146.60 highlighted in our previous report (printed an intraday low of 146.21 on Thursday, 14 August). Dovish Fed Funds rate futures pricing triggered by US Treasury Secretary‘s jawboning The recent bout of Japanese yen strength has been yesterday’s jawboning by a key US White House official, the US Treasury Secretary Bessent, during a prime-time television interview, urging the US Federal Reserve to be more dovish, and suggested cutting interest rates by 150 basis points (bps) or more, starting with a 50 bps in the upcoming September FOMC meeting. Based on the latest data from the CME FedWatch tool, the Fed Funds futures market has now started to price in a possibility of a 52% chance for a third Fed rate cut of 25 bps to occur on the last FOMC meeting of 2025 on 12 December to bring the Fed funds rate lower to 3.75%-3.5%, up from an earlier expectation of 2 rate cuts before Bessent’s media interview. Let’s decipher the latest technical developments in the USD/JPY and update its short-term directional bias (1 to 3 days) from a technical analysis perspective. Fig. 1: USD/JPY minor trend as of 14 Aug 2025 (Source: TradingView) Fig. 2: 5-day rolling performances of the US dollar against major currencies as of 14 Aug 2025 (Source: TradingView) Fig. 3: US/Japan implied short-term interest rate curve with USD/JPY as of 13 Aug 2025 (Source: MacroMicro) Preferred trend bias (1-3 days) Maintain bearish bias in any bounces for the USD/JPY with key short-term pivotal resistance at 147.85 (also the 20-day moving average), with next supports coming in at 145.85 and 145.10/144.80 (also the key medium-term ascending range support in place since 22 April 2025 low) (see Fig. 1). Key elements The hourly RSI momentum indicator of the USD/JPY has dipped into the oversold region (below the 30 level) but has not flashed any bullish divergence condition. These observations suggest a potential imminent minor bounce on the USD/JPY rather than a steeper mean reversion rebound.In the past four weeks, the Japanese yen has lagged other major currencies in terms of relative performance against the greenback. Based on the five-day rolling performance as of Thursday, 14 August, the US dollar is now performing the second-worst against the Japanese yen; the USD/JPY has recorded a loss of -0.4%, below the US Dollar Index (-0.1%) (see Fig. 2).The monthly implied short-term interest rate spread (via short-term interest rate futures) between the US and Japan has continued to narrow in the next three months from 3.85% in August to 3.60% in September to 3.36% in October, and to 3.23% in November. This narrowing of the US/Japan implied short-term interest rate spread is likely to put downside pressure on the USD/JPY (see Fig. 3).Alternative trend bias (1 to 3 days) A clearance above 147.85 invalidates the bearish scenario and sees a squeeze up towards the upper limit of the medium-term ascending range configuration for the next intermediate resistances to come in at 148.75 and 149.50 (also the key 200-day moving average). Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Ethereum (ETH) is attempting to reclaim a crucial area as price nears its 2021 all-time high (ATH). However, an analyst suggested that this week’s performance will be key for the long-awaited price discovery rally. Ethereum Eyes Last Major Resistance Over the past week, Ethereum has had a remarkable performance, jumping nearly 30% to a multi-year high of $4,750 on Wednesday afternoon, just 3.3% away from its ATH of $4,848, recorded in November 2021. Notably, the King of Altcoins has seen a 40% recovery from the start-of-month pullback, finally breaking from its local range and reclaiming the crucial $4,000 barrier last Friday. Since then, ETH has continued to soar, reclaiming the $4,400-$4,500 area on Tuesday. The cryptocurrency has been hovering between $4,600-$4,750 throughout the day, while attempting to break out of this range to potentially tackle “the final boss” of resistance around the $4,800 area. Analyst Rekt Capital discussed ETH’s recent performance, highlighting that it had successfully broken out of its multi-year resistance and turned it into support after its post-breakout retest at the start of the month, which has enabled the current move to the final Macro Range, between $3,762 and $4,631, that could precede new highs. However, he noted that the altcoin’s price “historically upside wicked beyond this final major Weekly/Monthly resistance for 3 straight weeks in a row” last cycle. As the analyst explained, in late 2021, Ethereum was rejected from the $4,631 resistance after hitting its ATH and attempting to turn it into support in the weekly timeframe, which was followed by an 80% retracement. This suggests that “how ETH treats $4,631 over the coming days will be pivotal” for the cryptocurrency’s upcoming performance, as it could potentially hit a new ATH but get ultimately rejected. Therefore, weekly closing above the Macro Range breakout level is crucial to “go against the grain of history.” Is A Rejection Next? Holding the $4,630 mark on the first attempt “would be a huge signal of strength,” the analyst asserted, but warned that “more often than not, price tends to get rejected but in a shallower manner.” If Ethereum fails to reclaim this level, the King of Altcoins could see an 18% drop to the Macro Range lows, around the $3,762 support, which would fulfill a key recently opened CME Gap on ETH’s chart. The Weekly CME gap, created this week, sits between the $4,091-$4,261 area, leading Rekt Capital to suggest that a more volatile retest of the CME gap could briefly send the price to the Macro Range lows. Meanwhile, if Ethereum reclaims the final major weekly resistance as support, ETH’s price discovery rally above the $5,000 mark will be next. Notably, Ali Martinez suggested that once the $4,800 barrier is turned into support, the cryptocurrency will be poised for a rally to the $5,200 and $6,400 levels, according to the MVRV Extreme Deviation Pricing Bands. As of this writing, Ethereum is trading at $4,748, a 56% increase in the monthly timeframe.

Bitcoin options markets are showing a low volatility expectation, something that has actually preceded sharp price action in the past. Bitcoin Options ATM IV Has Been Going Down Recently In its latest weekly report, on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin Options At-The-Money Implied Volatility. Implied Volatility (IV) refers to an indicator that measures how volatile BTC is expected to be in the future, based on the pricing of Options contracts. At-The-Money (ATM) IV, the version of the metric of interest here, specifically calculates this expectation for the contracts that have their strike price closest to the asset’s current spot price. The “strike price” is the predetermined price at which the holder of an options contract can choose to buy (in the case of a call or bullish bet) or sell (put or bearish bet) the underlying asset. Now, here is the chart shared by the analytics firm that shows the trend in the Bitcoin Options ATM IV for all expiry timeframes: As displayed in the above graph, the Bitcoin Options ATM IV has been following a downtrend since a while now, indicating the traders aren’t expecting near-term volatility. If the past is anything to go by, though, BTC could go against these traders. “Historically, such subdued volatility expectations have often preceded sharp market moves, making them a potential contrarian indicator,” explains Glassnode. From the chart, it’s visible that such a contraction in Bitcoin Options ATM IV also occurred back in 2023 and what followed back then was a bull rally for the cryptocurrency. It now remains to be seen whether volatility in either direction would also follow this compression. ATM contracts aren’t the only one expecting low volatility. According to the report, Deribit‘s DVOL index, which tracks a 30-day IV measure for all strike prices, has dropped to historically low levels recently. As is apparent in the chart, the Bitcoin DVOL has been going down in the last few months. The index is currently at lows so extreme that only 2.6% of trading days have witnessed a lower value. The analytics firm explains: Such levels often reflect market complacency and limited demand for hedging against large moves. While these conditions can persist, they leave the market exposed to sudden volatility spikes if a catalyst emerges, as past cycles have shown through sharp, disorderly price swings when risk is rapidly repriced. BTC Price At the time of writing, Bitcoin is trading around $121,600, up 5% over the last week.

Cardano price started a fresh increase from the $0.80 zone. ADA is now rising and might attempt a clear move above the $1.00 zone. ADA price started a fresh increase from the $0.80 support zone. The price is trading above $0.950 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.9350 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could extend gains if it clears the $1.00 resistance zone. Cardano Price Eyes Steady Increase After a sharp decline, Cardano found support near the $0.7650 zone and started a fresh increase, like Bitcoin and Ethereum. ADA was able to surpass the $0.80 and $0.850 resistance levels. There was a clear move above the $0.850 and $0.950 resistance levels. Finally, the price traded close to the $1.00 level. A high was formed at $0.9880 and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $0.7653 swing low to the $0.9880 high. Cardano price is now trading above $0.950 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.9350 on the hourly chart of the ADA/USD pair. Source: ADAUSD on TradingView.com On the upside, the price might face resistance near the $0.9880 zone. The first resistance is near $1.00. The next key resistance might be $1.020. If there is a close above the $1.020 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.120 region. Any more gains might call for a move toward $1.150 in the near term. Another Pullback In ADA? If Cardano’s price fails to climb above the $1.00 resistance level, it could start another decline. Immediate support on the downside is near the $0.960 level. The next major support is near the $0.9350 level and the trend line. A downside break below the $0.9350 level could open the doors for a test of $0.9120. The next major support is near the $0.880 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.960 and $0.9350. Major Resistance Levels – $0.9800 and $1.00.

On Monday, ALT5 Sigma, a fintech company specializing in blockchain infrastructure, unveiled plans to establish a crypto treasury focusing on the World Liberty Financial (WLFI) project—a venture backed by the Trump family. The announcement, however, was met with a swift and negative reaction from investors, resulting in a significant drop in the company’s stock price. First Crypto Treasury Focusing On World Liberty Financial ALT5 Sigma, which trades on Nasdaq under the ticker name “ATLS”, aims to raise $1.5 billion to become the first publicly traded company to hold WLFI, the governance token associated with World Liberty Financial. In a press release dated August 11, the company disclosed that it plans to raise these funds through a registered direct offering and a private placement, which will involve selling up to 100 million shares at a price of $7.50 each. Notably, the private placement will be conducted using WLFI tokens, which are currently non-transferable and will be treated as an over-the-counter (OTC) transaction. In its regulatory filing with the US Securities and Exchange Commission (SEC), ALT5 Sigma stated that acquiring WLFI directly from World Liberty Financial is currently the only option, as the tokens remain locked and cannot be traded. The filing also warned that if the company fails to acquire the tokens on favorable terms or at all, it may impair its ability to execute its digital asset treasury strategy, potentially requiring a reallocation of assets within the treasury. ALT5 Sigma Shares Plunge 26% Prior to the announcement with World Liberty Financial, ALT5 Sigma’s shares had been performing well, nearing $20 in pre-market trading and more than doubling in value. However, the news of the treasury plans reversed this momentum dramatically. By the close of trading on Monday, shares had plummeted by 26.42%, settling at $6.60. As of the latest reports, ALT5’s stock continues to hover around $6, reflecting a decline of about 10% over the past week. With the treasury acquisition, Zach Witkoff, co-founder of World Liberty Financial, is set to become ALT5’s chairman. Eric Trump, another WLFI co-founder, will join the board as a director. Additionally, Zak Folkman, also a co-founder, will serve as a board observer, while Matt Morgan, CEO of Blockstreet, will take on the role of chief investment officer. It’s important to note that the WLFI token, designed as a non-tradeable governance token, was launched in October 2024, with a subsequent announcement of a USD1 stablecoin in March. In mid-July, World Liberty Financial holders voted to allow the token to become tradable, facilitating peer-to-peer transactions and secondary market activity. However, for now, the movement of tokens remains limited, with trade eligibility constrained to a select group of early supporters. Featured image from DALL-E, chart from TradingView.com

XRP price is moving higher above the $3.250 zone. The price is showing positive signs and might aim for a move above the $3.350 resistance. XRP price is attempting to clear the $3.350 zone. The price is now trading above $3.250 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $3.288 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $3.350 zone. XRP Price Could Gain Bullish Momentum XRP price formed a base above the $3.150 level and started a fresh increase, like Bitcoin and Ethereum. The price gained pace for a move above the $3.20 and $3.25 resistance levels. The bulls pumped the price above the $3.280 resistance. Moreover, there was a break above a bearish trend line with resistance at $3.288 on the hourly chart of the XRP/USD pair. A high was formed at $3.350 and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $3.10 swing low to the $3.350 high. The price is now trading above $3.30 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.350 level. The first major resistance is near the $3.3650 level. A clear move above the $3.3650 resistance might send the price toward the $3.40 resistance. Any more gains might send the price toward the $3.450 resistance or even $3.480 in the near term. The next major hurdle for the bulls might be near the $3.50 zone. Another Pullback? If XRP fails to clear the $3.350 resistance zone, it could start a fresh decline. Initial support on the downside is near the $3.290 level. The next major support is near the $3.200 level or the 61.8% Fib retracement level of the upward move from the $3.10 swing low to the $3.350 high. If there is a downside break and a close below the $3.20 level, the price might continue to decline toward the $3.150 support. The next major support sits near the $3.080 zone, where the bulls might take a stand. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.20 and $3.150. Major Resistance Levels – $3.350 and $3.450.

Ethereum price found support near the $4,500 zone and started a fresh surge. ETH is rising and might soon aim for a move above the $4,750 zone. Ethereum started a fresh increase above the $4,550 and $4,650 levels. The price is trading above $4,600 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $4,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $4,400 zone in the near term. Ethereum Price Rallies Further Ethereum price started a fresh increase from the $4,180 support zone, beating Bitcoin. ETH price was able to climb above the $4,500 and $4,650 resistance levels. The bulls even pushed the price above the $4,700 resistance zone. Finally, the price tested the $4,780 resistance zone. A high was formed at $4,782 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $4,170 swing low to the $4,782 high. Ethereum price is now trading above $4,700 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $4,480 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,780 level. The next key resistance is near the $4,840 level. The first major resistance is near the $4,880 level. A clear move above the $4,880 resistance might send the price toward the $4,950 resistance. An upside break above the $4,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $5,000 resistance zone or even $5,150 in the near term. Are Dips Limited In ETH? If Ethereum fails to clear the $4,780 resistance, it could start a downside correction. Initial support on the downside is near the $4,700 level. The first major support sits near the $4,650 zone. A clear move below the $4,650 support might push the price toward the $4,550 support. Any more losses might send the price toward the $4,480 support level in the near term. The next key support sits at $4,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,650 Major Resistance Level – $4,780

Ethereum has posted significant gains over the past week, rising 29% and approaching its all-time high near $4,800 set in 2021. At the time of writing, ETH trades at $4,662, putting it within range of the $4,750–$4,800 resistance zone that has historically marked a key supply area for the market. This price move coincides with unprecedented network activity and notable on-chain flows that analysts say could influence the short-term price direction. Ethereum Record Network Activity Meets Price Resistance Data from CryptoQuant contributor CryptoOnchain shows that daily Ethereum transactions have reached a record high of approximately 1.875 million. This surge in activity signals elevated demand for block space and heightened engagement across the network. The confluence of strong on-chain metrics with a critical price level creates a technical and fundamental intersection that could determine Ethereum’s next move. According to CryptoOnchain, Ethereum’s current position represents a decision point. A breakout above $4,750, accompanied by sustained transaction volume, could propel ETH into a price discovery phase, potentially surpassing its historical peak. Conversely, if sellers defend this level, a consolidation phase or a retracement toward the $3,950 support area is possible. The analyst also cautioned that while peak network activity often accompanies bullish price action, it can also signal a near-term overheating of the market. In such cases, even with strong fundamentals, prices may pause or retrace as participants adjust their positions. This dynamic is particularly relevant as Ethereum tests a historically significant resistance zone while network usage is at an all-time high. Exchange Outflows Suggest Continued Buying Pressure In a separate analysis, another CryptoQuant analyst, Burak Kesmeci, examined Ethereum’s net flow data across all exchanges. Using the 30-day simple moving average (SMA30), Kesmeci found that ETH net flows remain in strongly negative territory, at around –40,000 ETH as of August 12, 2025. This represents an average daily outflow of 40,000 ETH over the past month, a trend that has coincided with the asset’s recent price increase. Negative net flows indicate that more ETH is leaving exchanges than entering, often interpreted as a sign of reduced immediate selling pressure and increased holding behavior. Kesmeci linked the recent outflow strength to spot ETH ETF activity, suggesting that institutional demand has been a major factor supporting prices. He noted that as long as the SMA30 stays in negative territory, the upward trend is likely to continue. A shift into positive territory, however, could signal a change in market sentiment and potentially weaken buying momentum. With both record transaction counts and sustained exchange outflows, Ethereum is facing a market environment shaped by strong usage fundamentals and significant institutional interest. Whether these factors will be enough to propel ETH through its long-standing price ceiling will likely be determined in the coming sessions, as traders watch for either a confirmed breakout or signs of rejection at the $4,750 level. Featured image created with DALL-E, Chart from TradingView

Google Play has rolled out a new policy that puts crypto wallet apps under tighter scrutiny. In 15 major regions, including the United States and the European Union, wallet apps must now show proof of a government-issued license before they can stay listed. The rules apply to both custodial apps that hold user funds and software wallets that offer storage and transfer features. Getting Licensed Is a Tall Order This is not a box you can just tick. In the U.S., developers need to register as a Money Services Business with FinCEN or have a banking license at the state or federal level. In the EU, apps must be officially recognized under MiCA as Crypto-Asset Service Providers. In practice, that means handling compliance, legal oversight, and reporting duties more in line with traditional financial services than open-source tech tools. Google Sparks Panic With a Misstep When the policy first dropped, the language suggested that even non-custodial wallets might need to go through licensing. That set off alarm bells across crypto Twitter and developer circles. These types of wallets are built so users can control their keys, with no middleman involved. After some heated pushback, Google clarified that non-custodial apps are safe for now and won’t need licensing. Indie Developers Take the Hit That clarification came too late for many smaller developers, who now have to decide whether to invest serious time and money into compliance. Registering as an MSB is a complex process, with requirements for anti-money laundering protocols and identity verification. For solo developers or small teams, this may mean their apps vanish from Google Play unless they pivot or get acquired. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Centralization Fears Return This is where the decentralization crowd gets nervous. With rules like these, the fear is that the only apps left on major platforms will be the ones backed by corporations or venture funding. Projects that start as grassroots or open-source may never reach mobile users unless they can afford legal teams and licensing fees. The gatekeeping effect is real and hard to ignore. BitcoinPriceMarket CapBTC$2.46T24h7d30d1yAll time Google’s Role Goes Beyond App Hosting There’s a larger debate here. Should platforms like Google have this much influence over which crypto tools people can access? Especially when those same platforms are facing antitrust scrutiny in other sectors. What starts as a policy update becomes a conversation about who controls the future of crypto access on mobile. DISCOVER: 20+ Next Crypto to Explode in 2025 Relief for Non-Custodial Tools, For Now Thankfully, apps that let users hold their own keys are in the clear. That’s a big win for the segment of the crypto world that values privacy and autonomy. It also signals that Google is at least willing to listen and adjust when its policies hit a nerve. Big Names Stay Comfortable Large custodial wallet providers like Coinbase, Kraken, and Binance are already well-licensed and unlikely to be affected. It is the smaller players who will feel the heat. Some will fold, others will look for workarounds like direct downloads or browser-based versions. What Happens Next Expect fewer wallet apps in some regions and more attention paid to compliance in mobile crypto tools. Developers may need to change how they deliver apps altogether. Users will have to think harder about who built the wallet they are using and whether it meets local rules. What started as a quiet policy update has quickly become a test of crypto’s resilience on mobile platforms. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Google Play now requires crypto wallet apps in 15 key regions, including the US and EU, to show proof of licensing to stay listed. Initial confusion around the rules sparked backlash, but Google later clarified that non-custodial wallets don’t need licenses—at least for now. Smaller developers may be pushed out due to complex licensing demands and high compliance costs, reducing wallet diversity on the Play Store. The move raises fears of increasing centralization, as only large companies with legal resources can meet the new requirements. Big players like Coinbase and Binance remain unaffected, but the long-term impact could reshape who gets to build and distribute mobile crypto tools. The post Google Play Cracks Down on Crypto Wallet Apps in Key Regions appeared first on 99Bitcoins.

Andreessen Horowitz, better known as a16z, and the DeFi Education Fund are calling on the U.S. Securities and Exchange Commission to introduce a regulatory safe harbor for decentralized applications. They sent a detailed letter to SEC Commissioner Hester Peirce asking for clearer rules that would stop certain dApps from being lumped in with broker-dealers. Drawing the Line Between Tools and Intermediaries Their main argument is simple: not all apps that touch crypto are trying to be financial middlemen. Some are just tools that let users interact with smart contracts. If a dApp doesn’t hold funds, provide investment advice, or interfere with transactions, the groups say it shouldn’t fall under brokerage rules. Source: Shutterstock What Qualifies for the Safe Harbor The letter outlines four clear criteria a dApp would need to meet to qualify. It must run on decentralized protocols, be non-custodial, avoid giving investment tips, and leave full control in the hands of the user. In other words, treat it like a tool if it acts like one, not a financial service. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in August2025 Developers Are Feeling the Heat This push didn’t come out of nowhere. Developers in the DeFi space have been growing increasingly anxious about enforcement actions. A recent case involving a Tornado Cash developer being hit with money transmitter charges has sent a warning across the industry. Builders are now worried they could get caught up in regulations aimed at bad actors, even when they’re not providing any financial service at all. EthereumPriceMarket CapETH$570.76B24h7d30d1yAll time This Isn’t Their First Ask A16z has made similar requests in the past. They’ve previously asked the SEC for safe harbors covering things like airdrops, token launches, and even NFTs. This time, the focus is strictly on user-facing apps. These apps allow people to tap into smart contracts without giving up control. The goal is to keep unclear or outdated rules from driving innovation offshore. DISCOVER: Best New Cryptocurrencies to Invest in 2025 A Clearer Framework Could Keep Talent in the U.S. One of the big arguments behind this proposal is that clarity helps everyone. Developers can focus on building, regulators can target real threats, and users benefit from more secure and useful tools. Without these safe harbors, smaller teams might fold or leave the country entirely to avoid legal risk. This Could Be a Template for Global Policy If the SEC chooses to act on this proposal, it might give the U.S. a chance to lead the way in defining how decentralized apps are treated. Other countries could use the same principles as a starting point. But for now, everything hinges on whether the SEC is ready to distinguish between infrastructure and intermediaries. This is not just about DeFi apps. It’s about how the rules get applied to software in a world where anyone can write code that interacts with money. The SEC has a choice to make: either treat developers like they’re running banks, or recognize that sometimes, they’re just writing tools. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways a16z and DeFi Education Fund are urging the SEC to create a regulatory safe harbor for decentralized applications that are non-custodial and user-controlled. Their proposal draws a clear line between tools that let users interact with smart contracts and intermediaries that handle funds or offer investment advice. The letter outlines four specific conditions a dApp must meet to qualify for safe harbor: decentralized, non-custodial, no financial advice, and full user control. Recent legal pressure, including the Tornado Cash case, has increased anxiety among developers, making regulatory clarity more urgent than ever. a16z believes a clear framework would protect innovation, keep development talent in the U.S., and help set a global precedent for dApp regulation. The post a16z and DeFi Education Fund Push SEC for dApp Safe Harbor appeared first on 99Bitcoins.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has made a significant comeback with a 29% surge over the past week, approaching all-time high (ATH) levels. Ethereum’s price performance has prompted Standard Chartered, one of the UK’s largest financial institutions, to significantly revise its price projections for the cryptocurrency. Ethereum Consolidates 4% Below All-Time Highs Currently, the Ethereum price is consolidating above the $4,600 level, which could serve as a crucial support point as if ETH breaks through its previous all-time high of $4,878 reached in 2021, it may enter a new phase of price discovery. Presently, a mere 4% gap separates Ethereum’s current price from that record, but analysts at Standard Chartered, led by Geoff Kendrick, are optimistic for a new bullish phase for the cryptocurrency. They forecast a bullish trend that could nearly double the Ethereum price by the end of the year, raising their year-end target from $4,000 to $7,500. Furthermore, they have set an ambitious 2028 target of $25,000 for ETH. Several key factors underlie this optimistic outlook. Firstly, the recent approval of Ethereum spot exchange-traded funds (ETFs) has led to significant market activity. Ethereum ETFs recently recorded $1 billion in inflows, marking the largest daily influx to date. Year-to-date, these exchange-traded funds tracking ETH’s price have attracted $8.2 billion, representing around 1.5% of Ethereum’s market capitalization. Additionally, legislative progress in the United States, particularly with the passage of the GENIUS Act and the CLARITY Act, has bolstered Ethereum’s prospects. These developments are expected to enhance liquidity in the Ethereum ecosystem, as a substantial portion of stablecoins—often considered a stealth bullish driver for ETH—are issued on the Ethereum blockchain. Currently, major stablecoins like USDC, issued by Circle (CRCL), and USDT, developed by Tether, primarily operate within Ethereum’s ecosystem, further supporting the altcoin’s price performance. Greater Impact From Institutional Investments Beyond these bullish developments, there is a growing trend among public companies adopting Ethereum treasury strategies similar to those employed by Strategy (formerly MicroStrategy) with Bitcoin (BTC). As reported by NewsBTC on Tuesday, approximately 865,000 ETH is now held by these companies, reflecting a broadening interest from institutional investors looking to capitalize on Ethereum’s long-term potential. Adding to the bullish sentiment, analyst VirtualBacon has shared forecasts suggesting that if Bitcoin approaches $150,000 and the ETH/BTC ratio rises to 0.044, Ethereum could reach prices between $6,000 and $7,000 this year. The analyst noted in a social media post on X (formerly Twitter), that Ethereum’s smaller market capitalization means that each dollar from institutional investors has a more pronounced effect on its price compared to Bitcoin. VirtualBacon identifies $3,350 as a potential floor for ETH, unless Bitcoin experiences a significant downturn. He emphasizes that the pivotal moment for Ethereum will be clearing the $4,850 resistance level, which could quickly propel ETH above $6,000. As of this writing, ETH trades at $4,636, registering a 4.3% surge in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com

Bitcoin price is gaining pace above the $121,200 zone. BTC is now consolidating and might aim for a move above the $124,000 resistance zone. Bitcoin started a fresh increase above the $122,000 zone. The price is trading above $122,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $120,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $124,000 resistance zone. Bitcoin Price Hits New ATH Bitcoin price formed a base above the $118,500 level and started a fresh increase. BTC gained pace for a move above the $120,000 and $120,500 levels. The bulls even pumped the price above the $122,000 level. The price traded to a new all-time high near $123,973. It is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $118,971 swing low to the $123,973 high. Bitcoin is now trading above $120,000 and the 100 hourly Simple moving average. There is also a bullish trend line forming with support at $120,200 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $124,000 level. The first key resistance is near the $124,500 level. The next resistance could be $125,000. A close above the $125,000 resistance might send the price further higher. In the stated case, the price could rise and test the $126,250 resistance level. Any more gains might send the price toward the $127,000 level. The main target could be $128,000. Are Dips Limited In BTC? If Bitcoin fails to rise above the $124,000 resistance zone, it could start a correction. Immediate support is near the $122,750 level. The first major support is near the $121,500 level or the 50% Fib retracement level of the upward move from the $118,971 swing low to the $123,973 high. The next support is now near the $120,200 zone. Any more losses might send the price toward the $118,500 support in the near term. The main support sits at $117,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $122,750, followed by $120,200. Major Resistance Levels – $124,000 and $125,000.

Bitcoin has extended its upward momentum over the past week, gaining nearly 6% in that time and 1.8% in the past 24 hours. At the time of writing, BTC is trading at $120,499, maintaining its position near a key resistance zone between $119,000 and $120,000. Market data indicates that traders are watching this price area closely, given its significance in previous price action during July. Recent analysis from CryptoQuant contributor Arab Chain shows that Bitcoin’s open interest (OI) on Binance has climbed to around $13.7 billion, approaching its mid-to-late July highs. This metric, which tracks the total value of outstanding futures contracts, is often used to gauge market participation and potential volatility. The current levels suggest a notable build-up of speculative positions as the price approaches critical resistance. Bitcoin Leveraged Positions and Potential Market Outcomes According to Arab Chain, a simultaneous rise in both price and open interest typically signals the entry of new speculative liquidity, most likely from traders taking long positions. While this can support short-term price increases, it also raises the market’s sensitivity to corrections. If open interest grows faster than price, the rally can become overleveraged, leaving the market vulnerable to a long squeeze in the event of a sharp pullback. The $119,000–$120,000 range has acted as a decision point in recent months. A breakout above this level with stable or slightly declining open interest could indicate the move is driven by spot buying or short covering, which generally carries less liquidation risk. In this scenario, Arab Chain sees potential for BTC to target the $122,000–$124,000 range. However, a sharp rejection at these levels with elevated open interest could trigger liquidation-driven declines toward nearby support. Monitoring Open Interest Trends for Confirmation Open interest is currently just below the all-time high of approximately $14 billion, leaving limited room for further leveraged build-up before reaching historic extremes. Arab Chain notes that after a decline in both price and OI from late July to early August, indicating capital exiting the market, both have since rebounded together, suggesting renewed confidence among derivatives traders. The analyst cautions that a significant jump in open interest without a corresponding price advance, or worse, with a price decline, would point to an overleveraged environment. Conversely, price stability or gains above $120,000 while open interest holds steady or declines slightly would be a healthier sign, indicating the move is supported by actual buying rather than excessive leverage. At present, the intraday trend remains bullish, but the sustainability of this move depends on whether leverage levels stabilize as Bitcoin tests resistance. Traders are likely to focus on how BTC behaves around the $120,000 mark in the coming days, with open interest dynamics serving as a key signal for the next directional move. Featured image created with DALL-E, Chart from TradingView

Upexi, a Nasdaq-listed company, has stepped up its bet on Solana by forming a new advisory committee and naming Arthur Hayes as its first member. Reports have disclosed the move came with a clear push to support the firm’s large Solana treasury, which has drawn attention from investors and rival corporate treasuries alike. Upexi Deepens Its Solana Bet According to Upexi’s own filings and public statements, the company now holds over 2 million SOL in its treasury. That stake has been built quickly through multiple purchases and capital raises, and publications place its value in the hundreds of millions of dollars depending on the SOL price used. Upexi says it is also using staking to earn yield from the holdings, a move meant to add steady income as it holds the tokens. Upexi’s hiring of Arthur Hayes — a high-profile figure in crypto circles — is meant to sharpen strategy and help unlock more capital for the firm’s purchase plans. Reports say the advisory committee will guide visibility, partnerships and capital-raising for acquisitions tied to the treasury effort. The move has already helped lift investor interest in the company’s stock. Other Public Firms Join The Push Beyond Upexi, other public companies have made clear Solana bets. Based on reports, DeFi Development Corp. has increased its holdings to nearly a million SOL units after a fresh round of purchases and financing. That placement puts it among the biggest corporate Solana holders and gives it meaningful exposure to the altcoin’s price moves. Meanwhile, crypto miner BIT Mining disclosed purchases around 27,190 SOL and has said it will convert existing crypto holdings to focus on SOL while also launching a validator to stake tokens. These corporate moves are not just headlines. They represent predictable, on-balance-sheet demand that can tighten the available supply held by retail traders and exchanges. At the same time, concentrated positions raise questions about what would happen if any of these holders decided to change strategy or sell quickly. Market Moves And Technical Signs Market data shows SOL trading back around the $200 mark after a strong daily gain, and daily volumes have spiked as traders pile in. Price sites report roughly a mid-$100-billion market capitalization for SOL and daily turnover in the low double-digit billions, figures that underline how big the token’s market has become. Technical commentators have pointed to moving average crossovers and other bullish setups as reasons traders are optimistic right now. Featured image from SolanaFloor, chart from TradingView

Log in to today's North American session Market wrap for August 13. Ceasefire talks between the EU and Ukraine, with Trump reportedly on the call, have edged closer to a deal—though the compromise would require Ukraine to cede land, keeping the agreement politically sensitive and far from certain. More Fed speak today on the tariff impact, with Goolsbee noting there is room for rate cuts but stressing the need for data dependence before making any move. Markets took the comment in stride, with little shift in rate expectations. The Nasdaq pushed to fresh all-time highs near 23,986 on CFDs, while the S&P touched 6,484, before both eased off their peaks as traders booked gains into the close. Despite the pullback, sentiment in tech remains firm. Crypto had another explosive session, with Ethereum touching $4,700—currently less than $100 shy of its record high—sparking a broad rally across Bitcoin and altcoins as momentum traders piled in. Read More: S&P 500 and Nasdaq bully through their all-time highs – Technical LevelsDaily Cross-Asset performance Cross-Asset Daily Performance, August 13, 2025 – Source: TradingView Cryptos once again demarcated themselves from the rest of other assets. The Dow Jones did also mark another strong session. A picture of today's performance for major currencies Currency Performance, August 13 – Source: OANDA Labs Today was another round of USD weakness profiting largely to the GBP and once again, dragging the Loonie down. A look at Economic data releasing in tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. Tomorrow's session is absolutely packed, but also don't forget the Australian Employment data at 21:30, coming up very soon. Tomorrow will see GDP releases for the UK (2:00 AM), Eurozone (5:00) and later in the evening Japan (19:50). the NA session wil focus mostly on the PPI, expected at 0.2% for both the Core and the headline, taking the y/y figure to 2.5% (headline) and 2.9% (core) Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Crypto analyst CryptoInsightUK has promoted Dogecoin as one of the top altcoins right now, anchoring the call to a clean weekly structure and an emerging broadening, ascending wedge that still governs price. He opens his note with an unambiguous header—“My Top Altcoin Picks: DOGE”—and then lays out the case in plain language: “We’ve been actively trading Doge for about a week and a half now, and I’ve been sharing updates with you every step of the way. Doge looks extremely bullish on the weekly time frame, potentially closing this week with a bullish engulfing candle if we can manage to close above $0.241. That would be fantastic.” Why Dogecoin Is The Top Altcoin Right Now The weekly DOGE/USDT chart shows price pressing into a well-defined supply band labeled “Resistance” around $0.27–$0.30, where July’s “Higher High” ($0.287) sits. Underneath, a rising weekly trendline that has contained price since mid-2023 currently tracks through the upper-$0.16s to low-$0.17s, with a horizontal “Support” shelf near $0.13 aligned to the prior “Swing Low.” The staircase of “swing low → higher → higher low → higher high” marked on the chart remains intact. The analyst ties the structure to a specific pattern roadmap. “We may also be forming a broadening ascending wedge pattern here, and the potential upside target of this pattern could be as high as the all-time highs at $0.75,” he writes. Extending the projection, he adds: “If we extend this further out in time, we could even argue that the 1.618 Fibonacci extension around $1.17 might come into play. Of course, we’d need to break through the resistance levels marked on the chart to see something like that,” before situating the trade in market context: “If the market continues as it is—Bitcoin dominance dropping and ETH continuing its upward momentum—I don’t think this is out of the question for Doge.” Momentum reads argue there is room. On the chart, weekly RSI has turned up from the mid-30s, reclaimed its signal, and now sits in the mid-50s to low-60s—well shy of the overbought band that accompanied the prior thrust. The analyst highlights that runway explicitly: “Using the RSI as an indicator, there’s still significant room for growth before we enter the overbought territory, which is typically when things get exciting.” He also frames the setup within a higher-timeframe impulsive structure: “Technically speaking, Doge has experienced two significant impulses on a higher timeframe, both setting higher highs and higher lows. Now, we’re looking for a third impulse.” Positioning matters to him as well. “Looking at Doge as a top 10 crypto asset, we see that all other cryptos in the top 10, except for Cardano and Solana, have reached all-time highs… Doge remains behind, and I believe the major impulse is still yet to come.” On execution, he points to the lower-timeframe tape confirming the bias: “On the lower timeframes, we’re seeing higher highs and higher lows, which suggests that the impulse may have already begun.” That leads to the trade thesis: “With all this in mind, it’s an exciting time for altcoins, and I believe that Doge’s risk-to-reward ratio, especially considering its position as a top 10 asset, makes it an attractive trade even from current levels.” Peer technicians are aligned. In a brief community ping titled “Good boy Doge,” the analyst reiterated the same levels and structure from earlier in the week. Fellow trader CRG explained the patience trade: “Nothing much to update. Price just chilling for now, been consolidating for 6 months making higher lows. DOGE is gonna full send at some point, no doubt in my mind, just gotta be patient.” He summarized the rationale behind positioning with a screenshot captioned, “This is why we are in the $DOGE trade fam.” From here, the immediate trigger is mechanical and visible on the chart: a weekly settlement above $0.241 would print the bullish-engulfing confirmation the analyst is watching at the mouth of resistance. Acceptance through the $0.27–$0.30 band would reopen the path toward the mid-$0.30s and the prior rejection in December last year when DOGE peaked above $0.48, while failure to hold the rising trendline would defer the move to the next demand zones near $0.17 and $0.13. As long as the sequence of higher lows remains unbroken, the wedge continues to frame a credible springboard toward the analysts’ stated targets, with $0.75 as the first historical waypoint and the 1.618 extension at ~$1.17 reserved for a fully developed impulse. At press time, DOGE traded at $0.242.

As Ethereum (ETH) trades within striking distance of its all-time high (ATH), on-chain data shows that the second-largest cryptocurrency by market cap is experiencing mounting buying pressure. The asset is currently priced in the $4,600 range, just 4% shy of its ATH. Ethereum Net Daily Outflows Hit 40,000 According to a CryptoQuant Quicktake post by contributor burakkesmeci, more than 1.2 million ETH have been withdrawn from crypto exchanges over the past month. The analyst suggested that Ethereum’s uptrend is likely to continue. For context, ETH has surged 53.8% in the last month, underscoring strong buying pressure amid rising institutional adoption. The asset has tripled in price from its local low of around $1,500, recorded in April this year. In their analysis, burakkesmeci highlighted Ethereum’s All Exchanges Netflow metric, which tracks the total ETH inflows and outflows across all cryptocurrency exchanges. Data from 2025 shows that Ethereum’s 30-day Simple Moving Average (SMA30) has plunged deep into negative territory. For the uninitiated, the SMA30 is the average value of a dataset – such as Ethereum’s daily net flows – calculated over the most recent 30 days. Each day, the oldest data point drops out and the newest is added, creating a smoother trend line that filters out short-term volatility. As of August 12, Ethereum’s SMA30 stood at -40,000 ETH, indicating an average daily outflow of that amount over the past month. Such large outflows suggest that investors are moving ETH off exchanges – likely into cold storage – in anticipation of further price gains. The CryptoQuant contributor also pointed to growing activity in spot ETH exchange-traded funds (ETFs). Data from SoSoValue shows that spot ETH ETFs recorded more than $1.5 billion in inflows during the week ending August 12. Notably, these ETFs have seen uninterrupted positive weekly inflows since May 16, attracting over $8 billion in nearly three months. The total net assets held in ETH ETFs now stand at $27.6 billion, representing 4.7% of Ethereum’s total market capitalization. ETH Rally To Remain Intact Burakkesmeci concluded that as long as ETH’s SMA30 remains in negative territory, its uptrend is likely to continue. They noted that unless the metric flips into positive territory, ETH’s bullish momentum could persist in the short term. Some analysts predict ETH could reach as high as $8,600 if Bitcoin (BTC) surges to $150,000. However, a period of price consolidation is expected after ETH breaks through its current ATH. Meanwhile, crypto market enthusiast Orbion has advised selling all ETH in October if it reaches between $5,800 and $6,000. At press time, ETH is trading at $4,684, up 6.8% over the past 24 hours.

Dogecoin (DOGE) is riding a fresh wave of bullish momentum after whales scooped up 1 billion DOGE, worth roughly $200 million, in just 24 hours. The massive accumulation has helped push DOGE over 11.2% higher in the past day, with prices currently hovering around $0.24, according to CoinMarketCap. Large-holder ownership now sits near 50% of the total supply, a sign of growing institutional confidence. Analysts note that this kind of concentrated buying can reduce sell-side liquidity, potentially paving the way for bigger moves ahead. Technical charts suggest an 18% upside toward the $0.26 zone, with bulls eyeing a breakout above $0.28 that could open the path to $0.35. Golden Cross Signals Possible Major Rally Adding to the excitement, Dogecoin has formed a golden cross for the first time since November, a bullish pattern that occurs when the 50-day simple moving average (SMA) moves above the 200-day SMA. Historically, such crossovers in DOGE have preceded sharp rallies, including a 130% surge in late 2024. While the golden cross isn’t foolproof, traders are optimistic that the combination of whale accumulation and strong technicals could mark the start of another bull run. Momentum indicators back the bullish case, with DOGE holding above its 30-day SMA and its relative strength index (RSI) sitting at a neutral 57, leaving room for further gains. Dogecoin ETF Hopes and Regulatory Tailwinds Beyond market speculation, institutional investors are assigning nearly 75% odds on Polymarket for a potential Dogecoin ETF approval. Bloomberg ETF analysts Eric Balchunas and James Seyffart have even raised their approval odds for spot DOGE ETFs to 90% by the end of 2025, citing a more crypto-friendly regulatory environment. Such an approval could be a major catalyst for DOGE’s price, broadening its exposure to mainstream investors. Combined with whale buying, technical breakouts, and heightened retail interest, this could set the stage for DOGE’s next “moon mission.” For now, traders are watching the $0.242–$0.245 resistance closely. A decisive breakout could fuel a run toward $0.30, while holding above $0.227 support would keep the bullish narrative alive. Cover image from ChatGPT, DOGEUSD chart from Tradingview

Wildfires have are prompting regional states of emergency in Newfoundland. Credit: AdobeStock New Found Gold (TSXV: NFG; NYSE-A: NFGC) is suspending all activities at its main Queensway project that use heavy machinery or take place near wooded areas amid wildfire risks in northeast Newfoundland. The temporary pause applies to drilling, mulching and excavating activities, New Found said in a release on Wednesday afternoon. Queensway is just west of Gander, about 340 km northwest of the capital St. Johns. “The Fire Weather index across the island of Newfoundland is classified as Extreme or Very High, with several major fires burning,” New Found CEO Keith Boyle said. “At this time, our thoughts are with our employees and contractors, our local communities, and the people of Newfoundland and Labrador.” The suspension comes as wildfires over the past week have worsened in the eastern parts of Newfoundland, including areas near St. John’s. Regional states of emergency have been declared for the towns of Conception Bay South and Paradise and the Southlands and Galway areas of St. John’s. An evacuation order has been issued for the Paddy’s Pond industrial area near Conception Bay South. This summer’s wildfire season has spurred province-wide states of emergency in Manitoba and Saskatchewan, which led to the suspension of several mines and exploration programs.

Ethereum is closing in on a historic test, hovering just 6.4% below its all-time high of $4,891. Despite persistent sell-offs from retail traders, the asset’s upward momentum continues, signaling a potential breakthrough that could set the stage for new record levels. Retail Sentiment Misfires: Lessons From Past Greed And Corrections Santiment, a popular platform in on-chain and market analytics, recently highlighted in a post that Ethereum is now within striking distance of a historic milestone — just 6.4% away from its all-time high of $4,891 set on November 16, 2021. This approach toward record territory has been accompanied by a surprising trend: retail traders are consistently selling off their holdings even as the second-largest cryptocurrency by market cap pushes higher. The divergence between price action and retail sentiment is becoming increasingly notable in this rally. When smaller market participants become overly optimistic, prices tend to cool off; conversely, when fear and skepticism prevail, the market often continues its upward march. This pattern has played out multiple times in the past, making the current wave of selling from retail traders a potentially bullish signal. Santiment also pointed to previous scenarios to support this observation. On June 16, 2025, and again on July 30, 2025, Ethereum experienced periods of extreme retail greed, which were followed by sharp corrections as the market recalibrated. These historical instances underline the contrarian nature of market psychology, where excessive optimism can precede pullbacks, while disbelief and hesitation can pave the way for price growth. In the current rally, retail sentiment has been marked by FUD (fear, uncertainty, and doubt) and disbelief. Despite Ethereum consistently printing higher highs, many traders remain convinced that the move is unsustainable. Loose Coins Changing Hands as Ethereum Eyes Historic Breakout This emotional disconnect between sentiment and price action may be providing fuel for Ethereum’s continued ascent, as stronger hands — particularly institutional players and large-scale investors — absorb the supply being offloaded by smaller traders. If the current dynamics persist, a break above $4,891 could happen sooner than many expect, potentially marking a significant chapter in Ethereum’s market history The platform further noted that major stakeholders have been actively accumulating Ethereum, taking advantage of the coins that smaller traders are currently willing to sell. This quiet but steady accumulation suggests that larger players are positioning themselves for a potential breakout. With minimal sentiment-based resistance in the market, prices appear well-positioned to push higher. If this trend continues, Ethereum could break through its previous all-time high and set new records in the near future, marking a historic moment for the asset.