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Crypto analyst KrissPax has made a case for why the Dogecoin price could still reach the psychological $1 level based on the 4-year cycle. Analysts like Kevin Capital have also declared that DOGE’s best move is still ahead. Why The Dogecoin Price Can Still Reach $1 In an X post, KrissPax alluded to the 4-year cycle to prove why the Dogecoin price can still reach $1. He stated that meme coin has throughout its history shown patterns that reinforce these cycles of crypto trading. The analyst added that from bear markets to bull runs and blow-off tops, DOGE has repeated these movements, which indicate that a parabolic rally is going to happen this fall. In line with this, KrissPax remarked that the Dogecoin price could reach $1 if it follows the white upward sloping resistance, which he highlighted on his accompanying chart. Furthermore, he stated that if DOGE follows the blue arc from 2017, which supports the theory that the gains will be less each cycle with a larger market cap, then it could reach as high as $2 this cycle. The Dogecoin price is currently enjoying another uptrend after dropping below the psychological $0.2 level during the last market correction. DOGE is up over 17% in the last seven days and is now looking to reclaim its previous local high of around $0.26. Crypto analyst Ali Martinez has predicted that it would happen soon. In an X post, Martinez said that the Dogecoin price is targeting $0.27 as it forms a bullish flag on the hourly chart. Crypto analyst Trader Tardigrade also highlighted a bull flag breakout for DOGE on the 4-hour chart and stated that the meme coin is now targeting $0.295. Like KrissPax, Trader Tardigrade also indicated that the meme coin could reach the $1 price level at some point. He revealed that the Dogecoin price had confirmed a bullish crossover on the daily chart. The analyst further remarked that a decent surge could occur at this point. His accompanying chart showed that $1 was the target. The Best Is Yet To Come For DOGE In an X post, crypto analyst Kevin Capital indicated that the best is yet to come for the Dogecoin price. He stated that all monthly momentum, strength, and sentiment indicators on DOGE show that investors have not yet seen what the foremost meme coin is capable of. He noted that this is similar to many other altcoins. Kevin Capital further remarked that if all stays steady with the macro and the Bitcoin price holds up, then the Dogecoin price’s biggest move is likely still ahead. The Fed is expected to cut rates in September, which is a positive for DOGE, as it could inject more liquidity into the meme coin. At the time of writing, the Dogecoin price is trading at around $0.2362, up over 2% in the last 24 hours, according to data from CoinMarketCap.

Bitget’s recent survey has revealed that cryptocurrency is moving from investment portfolios to real-world spending quickly. A strong majority of European crypto users are now willing to fund their holidays using digital assets. Bitget’s study, which polled over 3000 European users, throws light on the demand drivers behind crypto-powered travel. Apparently, 85.32% of respondents used crypto to book travel or are actively considering it. Interestingly, the top intended uses for crypto now includes daily expenses, accommodation and transport. This reflects a growing comfort with use of crypto across the travel lifecycle. Commenting on the findings, Gracy Chen, CEO at Bitget, said, “Crypto users are not just looking to hold digital assets; they actively seek practical applications, especially for something as universal as travel. The increasing demand, coupled with rapid advancements in infrastructure and payment solutions, reinforces our belief that cryptocurrencies are poised to become an integral part of everyday life.” source: Bitget survey Explore: Top 20 Crypto to Buy in August 2025 Stablecoins Lead As Preferred Payment Asset For European Travelers The report revealed that stablecoins lead as the preferred payment asset, followed by Bitcoin. However, certain barriers like limited acceptance by travel providers persist. 91% still believe paying for holidays with crypto will get easier in the next few years. So, what are the main motivations for using crypto while traveling? One can avoid foreign exchange fees, experience faster transactions while privacy and anonymity remains intact. The study said, “Beyond financial efficiency, the desire for privacy and anonymity also emerges as an important factor (42.96%). This sentiment is particularly strong in certain regions, with 44% of German and 51% of Polish respondents specifically favoring this reason. Meanwhile, in Italy, 46% of users are primarily driven by an overarching interest in new technologies, showcasing a broader embrace of innovation as a catalyst for crypto adoption in their travel habits.” Let’s talk about generational preferences. GenZ strongly prioritizes low fees, while GenX places greater emphasis on loyalty programs and the ability to pay in remote areas. Chen added, “At Bitget, we are committed to building the tools and ecosystem that bridge the gap between digital assets and real-world utility, making daily activities like travelling more accessible, efficient, and secure for everyone.” DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Key Takeaways Confidence in crypto’s travel utility is strong: an overwhelming 91% of surveyed users believe paying with crypto for holidays will become easier in the coming years. Apparently, 85.32% of respondents used crypto to book travel or are actively considering it. Interestingly, the top intended uses for crypto now includes daily expenses, accommodation and transport. The post European Travelers Embrace Crypto: Bitget Survey Finds 85% Ready To Spend Crypto On Holidays appeared first on 99Bitcoins.

Bitcoin or BTC dominance has dipped below 60 percent, a level not seen since early 2023. This drop usually precedes an altcoin rally or bull run akin to the 2021 surge. As capital rotates from the king to riskier assets, Ethereum leads the charge, climbing near its all-time high amid strong ETF inflows and network upgrades. This drop is also aligning with market optimism, fueled by the anticipated Fed’s rate cuts and institutional buying spree. (BTC.D) Dominance Has Dropped, Alts Have Been Outperforming BTC Ethereum stands out against Bitcoin, with ETH/BTC pair gaining 8.4 percent in the 24 hours, pushing Ethereum to $4,700 while Bitcoin consolidates around $119,000. EthereumPriceMarket CapETH$568.92B24h7d30d1yAll time Solana follows suit, up 11 percent versus Bitcoin and trading at $200. Cardano and Chainlink also shine, with ADA up 8 percent and LINK surging 12 percent against BTC amid the dropping Bitcoin dominance. On the other hand, XRP adds 5 percent, buoyed by post-lawsuit clarity, while Dogecoin gains 7 percent with social media buzz. Pepe exemplifies high-volatility plays, jumping 18 to 28 percent versus Bitcoin, as the meme and AI sectors average 20 to 30 percent daily gains. XRPPriceMarket CapXRP$194.63B24h7d30d1yAll time Overall, altcoins show 20 to 30 percent sector-wide outperformance, with derivatives and fan tokens leading at 30 percent plus, showing an early rotation from Bitcoin. TOTAL3, the market cap excluding Bitcoin and Ethereum, also proves this momentum, up 5 to 8 percent daily and 15 percent monthly, holding an upward channel with support at $800 billion. (TOTAL3) Historical mirrors to 2021, when BTC dominance fell to 38 percent and altcoins exploded 10x to 50x. Confirmation will require weekly closes below 59.8 percent, unlocking a full-blown bull run in alts over one to two months. Once dominance slides to 55 to 57 percent, expect 10x gains in some projects. Be Ready. EXPLORE: Best New Cryptocurrencies to Invest in 2025 as BTC Dominance Drops There are no live updates available yet. Please check back soon! The post [LIVE] BTC Dominance Drop Under 60%: Crypto Expecting A Massive Rally Mirroring 2021 appeared first on 99Bitcoins.

Bitcoin is once again challenging the $120,000 resistance level after a stretch of massive volatility for BTC and strong performance from altcoins. While the flagship cryptocurrency has yet to decisively break above its current range resistance, Ethereum has been leading the broader market with an impressive uptrend since April, gaining over 230% and drawing strong institutional interest. The battle at $120K comes amid shifting sentiment in the derivatives market. Data from CryptoQuant shows that in August, the Bitcoin Futures Power index dropped to the zero mark, ending a series of positive readings that had previously accompanied BTC’s rally. According to top analyst Axel Adler, this index, which measures the combined influence of open interest, funding rates, and taker order imbalances, reflects the cooling momentum in the futures market. The next move could be pivotal, as Bitcoin’s ability—or failure—to push through $120K will likely set the tone for the remainder of the quarter, especially as altcoins continue to show signs of strength and sector rotation intensifies. Neutral Futures Index Raises Odds Of BTC Cooldown Adler notes that Bitcoin’s current positioning near its all-time high comes with a notable shift in derivatives sentiment. Adler warns that when the Bitcoin Futures Power index transitions from neutral into negative territory, it has historically coincided with market corrections. With BTC still holding close to record levels, the current reading increases the probability of such a shift. The broader market remains hot, fueled by significant capital inflows and heightened trading activity. However, some analysts are beginning to speculate that Bitcoin could face a short-term cooldown as momentum moderates and the derivatives market signals caution. While spot prices have been resilient, the loss of clear bullish signals in futures data has traders watching closely for signs of waning demand. At the same time, Ethereum’s explosive rally—up over 200% since April—has shifted market dynamics into a new phase where leadership is no longer solely dictated by Bitcoin. ETH’s strong fundamentals, reduced exchange supply, and institutional accumulation have drawn capital and attention away from BTC, creating a more balanced market structure. This diversification of momentum could mean that even if Bitcoin stalls, the overall crypto market retains bullish energy driven by large-cap altcoins. Bitcoin Price Analysis: Approaching Critical Level On the 4-hour chart, Bitcoin (BTC) is trading at $119,967, posting a modest gain of 0.34% as it approaches the critical $120,000 resistance level. The recent rally has brought BTC closer to the all-time high of $123,217, which remains a significant hurdle for bulls to clear. Price action shows a strong recovery from early August lows near $114,000, with BTC now trading above its key moving averages — the 50 SMA ($117,269), 100 SMA ($116,893), and 200 SMA ($117,475). This alignment indicates a bullish short-term structure, with the moving averages potentially acting as dynamic support if a pullback occurs. The market is currently consolidating just below resistance, suggesting a potential breakout attempt if buying momentum strengthens. However, the repeated rejections near $123K in recent months highlight the importance of this zone as a major supply area. A decisive close above $123,217 would likely trigger momentum buying and open the path toward new price discovery. Conversely, failure to break higher could lead to a retracement toward the $117K support cluster, where the 50, 100, and 200 SMAs converge. Featured image from Dall-E, chart from TradingView

Bitcoin may be setting up for another major push toward six-figure prices after reclaiming a key bullish pattern and ending a period of repeated downside deviations. According to well-known crypto analyst Rekt Capital, the recent move puts BTC back in position to aim for the $160,000 target, provided it can hold a crucial support level and break through evolving resistance. While short-term pullbacks are still possible, the broader technical picture remains intact. Historical price behavior suggests Bitcoin is still in a strong upward trend, but time and price pressures could soon force a decision point for the market. Bitcoin Bull Flag Breakout Revives Long-Term Bullish Outlook Rekt Capital’s latest analysis highlights that Bitcoin not only reclaimed its Bull Flag pattern but has positioned itself above it. This is an essential shift because a few weeks ago, BTC failed to confirm its breakout when it couldn’t hold the Bull Flag top. That earlier miss left the pattern unresolved and kept the market uncertain about the next big move. By holding the $119,000 level as new support, BTC can confirm the breakout and solidify the foundation for a rally. The analyst cautions that the price could still dip back into the pattern temporarily, but as long as $119,000 holds, the bullish structure remains in play. Ending the recent downside deviation adds to the optimism. Several sharp deviations from bullish structures have marked this cycle, but reclaiming and holding above the Bull Flag shows renewed strength from buyers. For long-term bulls, this could be the technical reset needed to keep the $160,000 target alive. Key Resistance Levels That Stand Between BTC And $160,000 Despite a recent -9% dip, Bitcoin remains in what Rekt Capital calls “Price Discovery Uptrend 2.” This phase, which follows historical price tendencies, has stayed intact because the dip never broke the uptrend’s structure or confirmed a breakdown. However, the move into Week 6 of this uptrend is notable; historically, Weeks 5 and 6 have often been the “danger zone” for local tops. While history points to a potential pause here, the unique nature of this cycle may allow for an extension. Still, the decisive factor is now price, not just time. The analyst points to resistance that first appeared around $124,000 in July but has since evolved into a dynamic barrier closer to $126,000. Breaking this level in the next one to two weeks could trigger a sharp acceleration in the trend, putting the $160,000 roadmap back in focus. On the other hand, failure to clear $126,000 would create both time and price confluence for a pullback, which Rekt Capital calls “Price Discovery Correction 2.” Such a correction would not end the long-term bullish case but would delay the next leg up. Until then, all eyes are on these key levels: $119,000 for support and $126,000 for breakout. How Bitcoin handles them could decide whether the grand roadmap to $160,000 stays on track in the weeks ahead.

There’s more than $1 million in physical gold hidden somewhere in Canada, but rather than your grandfather’s pick axe and head lamp, only knowledge and wits are needed to find it. Organized by MINING.COM‘s sister publication The Northern Miner, the coast-to-coast Great Canadian Treasure Hunt for $1 million in gold and 12 monthly yellow metal prizes worth $25,000 each starts Wednesday, Aug. 13. Open to all Canadians, the Hunt begins with an online clue release, the first of many that will lead participants down a path of knowledge exercises, puzzles and riddles. “The Great Canadian Treasure Hunt is more than a contest, it’s an invitation to explore Canada’s legendary mining roots while flexing your brainpower”, Anthony Vaccaro, president of The Northern Miner Group says. “We want to inspire a new kind of exploration, grounded in curiosity, logic and appreciation for Canada’s rich natural history in a way that’s never been done before.” Taking inspiration from Canada’s long-standing mining legacy and the pioneering spirit that drives mineral exploration, the adventure is designed to spur discovery while highlighting the role that mining and critical minerals play in the country’s future. These metals and minerals are the foundation of modern life, powering everything from electric vehicle batteries and renewable energy technologies to smartphones and life-saving medical devices. How it works The first poetic riddle was released Wednesday on treasure.northernminer.com to guide hunters towards the hidden riches. The riddles are word-based poems that have to be worked out. Each following round of clues will appear monthly, through The Northern Miner, MINING.COM or CEO.CA. All clues will be available for free. No special equipment, qualifications or connections are needed to participate. All the prizes are located on publicly-accessible land. Canadian residents from all walks of life are welcome to join, whether they’re just curious or stalwart puzzle solvers who never miss a night at their local pub quiz. The Northern Miner subscribers get exclusive first access and a collated list of clues via the Treasure Hunt portal. For full access, subscribe here. Canada’s mining story The Great Canadian Treasure Hunt is a great chance to connect with Canada’s mineral story and maybe go home with a fist – or fists – full of gold. “By sourcing and developing critical minerals here at home, Canada strengthens its ability to support clean energy, drive innovation and maintain domestic resource security in a rapidly changing global market,” Vaccaro says. “The treasure hunt is a fun and imaginative way to spark curiosity about the resources that keep Canada and the world moving forward.” For more information, including full contest rules, FAQs and updates, visit treasure.northernminer.com. Follow @northernminer (X/FB/YouTube) | @thenorthernminer (IG) | @mining (X) | @miningdotcom (IG/FB/YouTube); @ceodotca (X/IG/FB/TikTok) | @ceocafilm (YouTube) for ongoing clues and community updates. This campaign is proudly presented with the support of industry sponsors including Agnico Eagle Mines (TSX, NYSE: AEM), Sprott Money, EarthLabs, IAMGOLD (TSX: IMG; NYSE: IAG), The World Gold Council, Ernst & Young LLP, Alamos Gold (TSX, NYSE: AGI), MINING.COM, CEO.CA and The Canadian Mining Journal. Disclaimer: The locations of all treasures in The Northern Miner’s Great Canadian Treasure Hunt are known only to an independent third party. No member of The Northern Miner staff has knowledge of the whereabouts of any treasure.

Oil prices continued to edge lower this morning following a triangle breakout which could lead to a potential $12 move to the downside. IEA Oil Market Report - August 2025 The International Energy Agency (IEA) announced on Wednesday that it expects oil supply to grow more this year but has reduced its forecast for demand because of weak fuel usage in major economies. This comes a day after OPEC + released their monthly report yesterday. The OPEC + report saw the group raise its global oil demand forecast in a move that contradicts the IEA forecast today. Thesis is not a surprise as we have seen this diverging outlooks between the two organizations over the last few years. The International Energy Agency (IEA) has updated its oil market forecasts with several key highlights. Global oil supply is now expected to increase by 2.5 million barrels per day (bpd) in 2025, higher than the previous forecast of a 2.1 million bpd rise, following the latest production hike by OPEC+. In August, global crude oil refining is projected to reach nearly a record high of 85.6 million bpd. However, the IEA has slightly lowered its demand growth forecasts. The average oil demand growth for 2026 has been revised down to 700,000 bpd from the earlier estimate of 720,000 bpd. Similarly, the 2025 oil demand growth forecast has been trimmed to 680,000 bpd, compared to the previous projection of 700,000 bpd. For the full report, visit https://www.iea.org/reports/oil-market-report-august-2025 Trump-Putin Meeting to Serve as a Catalyst? The White House said Tuesday that Friday’s Alaska meeting between US President Donald Trump and Russian President Vladimir Putin is meant to be a "listening session" for the president, lowering hopes for a quick Russia-Ukraine ceasefire agreement. Market participants are already eyeing positive developments from the meeting but either way the meeting could be a catalyst for Oil prices. Key challenges remain before the talks. Trump has suggested that both sides may need to give up land to end the three-and-a-half-year conflict. A resolution could ease some of the sanction concerns affecting the market. Meanwhile, oil prices have fallen, even though US inflation data yesterday strengthened expectations that the Federal Reserve will cut interest rates in September. Looking Ahead Oil prices are edging lower ahead of the Trump-Putin meeting which could dominate Oil price moves the rest of this week. Risk-On sentiment has returned and yet Oil prices continue to struggle. Later in the day we will get another look at inventories data after API numbers were released yesterday. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Technical Analysis - WTI From a technical analysis standpoint, Oil has broken below the triangle pattern and the 200-day MA resting around the 64.73 handle. The breakout could lead to a long term drop toward the $52 a barrel mark based on the technical setup in play. The RSI period-14 has yet to enter oversold territory, which hints that further downside could materialize in the days ahead. Immediate support rests at 60.77 before the psychological 60.00 handle comes into focus. Looking at the upside, resistance rests at 64.00 before the confluence level around the 64.73 handle comes into focus. Acceptance above this level, a move beyond the 65.00 handle could come into play. WTI Oil Daily Chart, August 13, 2025 Source: TradingView (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Global financial services company Western Union’s acquisition of International Money Express, Inc. (Intermex) is drawing attention from the crypto space, as analysts highlight its potential boost for Ripple and XRP. With Intermex confirmed as an On-Demand Liquidity (ODL) user of Ripple, the deal could strengthen blockchain-powered payment flows across the US while expanding Western Union’s retail and digital reach. Western Union Expansion Could Bolster XRP And Ripple Market expert ‘Xaif Crypto’ pointed out in an X social media post on Monday that Western Union’s $500 million all-cash acquisition of Intermex could have significant implications for Ripple and XRP. According to the analyst, Intermex has been a user of Ripple XRP ODL services since 2020, making it an active player in cross-border payments, particularly across Latin America. Notably, Western Union announced that it will take over Intermex in a recent press release on August 10. By acquiring Intermex, the international bank is not only gaining a well-established remittance business but also inheriting its Ripple-powered payment infrastructure. Xaif Crypto has stated that this strategic move further positions the company to dominate money flows across all of America. As a result, it marks a significant step toward XRP’s broader objective of achieving global market dominance. Based on reports from the press release, the acquisition could directly strengthen its North American retail operations while expanding its reach beyond Intermex’s historically high-growth Latin American operations. It is also expected to accelerate digital customer acquisition, enabling faster onboarding of Western Union’s payment ecosystem. Moreover, the combination of the international bank’s vast global network and Intermex’s use of Ripple’s ODL could enhance the speed, reliability, and cost-efficiency of transactions, potentially increasing XRP’s utility and adoption in high-volume remittance markets. By leveraging Intermex’s six million customers and strong agent relationships, Western Union is also set to broaden the footprint of Ripple-backed transactions across multiple geographies. This strategic acquisition further aligns with the growing trend of financial giants tapping blockchain technology to remain competitive in the evolving global payments market. This could also give Ripple and XRP a stronger foothold in their mission toward securing a dominant role in worldwide payment systems. Intermex‘s Deal Structure And Growth Outlook Under the agreement, Western Union will reportedly acquire Intermex for $16 per IMXI share in cash, valuing the deal at approximately $500 million in equity and enterprise terms. This figure represents a 50% premium over Intermex’s 90-day volume-weighted average price. Officially, the deal has been unanimously approved by both companies’ boards and is expected to close in mid-2026, pending regulatory and shareholder approvals. Intermex’s established brand, operational efficiency, and market expertise will be integrated into Western Union’s extensive network, creating opportunities to work better together. Furthermore, the companies anticipate $30 million in annual run-rate cost savings within two years, with additional revenue potential through expanded product offerings. The acquisition is also expected to immediately boost Western Union’s adjusted earnings per share by over $0.10 in the first full year after closing.

Canada’s Hudbay Minerals (TSX, NYSE: HBM) has struck a $600-million deal with Mitsubishi that hands the Japanese conglomerate a 30% stake in its fully permitted Copper World project in Arizona, US. The agreement, announced on Wednesday, secures a long-term partner for Hudbay and sharply reduces its upfront funding needs. It involves Mitsubishi paying $420-million at closing and an additional $180-million within 18 months. The company will also fund its pro-rata share of future capital costs, deferring Hudbay’s first capital contribution until at least 2028 and trimming its expected outlay to about $200-million based on prefeasibility study (PFS) estimates. “Securing Mitsubishi as a 30% partner in Copper World is an important milestone for Hudbay as we establish a long-term strategic partnership to advance this high-quality copper project towards sanctioning and to unlock significant value in our copper growth portfolio,” chief executive officer Peter Kukielski said. Hudbay began seeking a minority partner for Copper World earlier this year, attracting interest from investors in Saudi Arabia, the United Arab Emirates and Japan. HudBay, the fourth-largest copper producer listed on the NYSE, discovered Copper World in 2021. The project, located about 50 km southeast of Tucson, is expected to yield 85,000 tonnes of copper per year over a 20-year mine life. Hudbay estimates the development will represent a $1.5-billion direct investment in the US critical minerals supply chain, which has been a policy priority for Washington as it seeks to reduce reliance on foreign sources of key raw materials. Once in production, Copper World would boost Hudbay’s consolidated copper output by more than 50%. Arizona remains a strategic focus for major copper producers, including Rio Tinto (ASX, LON: RIO), aiming to meet growing US demand. The transaction is expected to close in late 2025 or early 2026, pending regulatory approvals. Hudbay aims to complete a definitive feasibility study by mid-2026, with a final decision on the proposed mine targeted for later that year.

Several major banking groups in the US have made a concerted effort to reach out to Congress regarding wording in the GENIUS Act that has created a stablecoin yield loophole. The Bank Policy Institute (BPI) stated in a letter sent on 12 August 2025 to Congress that the existing language of the law allows stablecoin issuers to route yield through third-party exchanges or intermediaries. The GENIUS Act, enacted on 18 July 2025 under the administration of President Trump, prohibits stablecoin issuers from directly offering interest or yield to token holders. Executives from both companies have stated in their earnings calls that they plan to continue rewarding users who hold stablecoins on their platforms, with Coinbase CEO Brian Armstrong stating, “We are not the issuer. We don’t pay interest or yield—we pay rewards.” EXPLORE: 9+ Best High-Risk, High-Reward Crypto to Buy in August 2025 Key Takeaways TradFi bodies have petitioned Congress to resolve wording in the GENIUS Act, resulting in a stablecoin yield loophole Platforms such as Coinbase and Kraken give back rewards, prompting users to park their funds on their platforms rather than traditional deposits in a bank The stablecoin market could balloon up to $2trillion by 2028, underscoring its growing influence on global liquidity and financial infrastructure The post US Banking Groups Petition Congress To Shut Down Stablecoin Yield Workaround appeared first on 99Bitcoins.

Gone are the days when crypto was solely the domain of retail investors. With the rise of crypto treasuries, institutions are closely monitoring the industry. Increasingly, public companies in the United States, Europe, and Japan are exploring cryptos like Bitcoin, Ethereum, and Solana and incorporating them into their balance sheets. Digital Asset Treasury Companies (DATCOs) are redefining how traditional investors, often those preferring equities, gain exposure to burgeoning crypto markets. As of mid-August 2025, the total crypto market stood at over $4 trillion. What’s more? This figure is expected to grow as Wall Street and governments embrace the sector. In the United States, the objective is to regulate crypto, and the enactment of the GENIUS Act into law in July marked a major advancement towards this goal. However, as crypto finds adoption and public companies embrace some of the best cryptos to buy, are crypto treasuries sustainable? What risks should be considered? Will the industry soar in a straight line to the moon? DISCOVER: Top Solana Meme Coins to Buy in 2025 The Rise of Crypto Treasuries When Michael Saylor of MicroStrategy, now Strategy, began buying Bitcoin in 2020, many criticized him. Bitcoin was struggling, and COVID was creating chaos in global financial markets. It turned out that by buying BTC ▲1.27% using debt, MicroStrategy acted as a proxy for traditional finance (TradFi) investors seeking indirect crypto exposure. When BTC USD and crypto prices surged in 2021, reaching as high as $69,000, the MSTR stock moved in lockstep with BTC, emerging as one of the best-performing securities. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Since then, the concept has exploded. A recent Galaxy Digital report stated that DATCOs collectively hold over $100 billion in crypto assets. Most public companies prefer Bitcoin and Ethereum, not even emerging 1000X cryptos. According to Galaxy Digital, public companies, led by MicroStrategy, hold nearly 800,000 BTC, while firms opting for ETH hold over 1.3 million ETH. Companies willing to tolerate higher volatility have exposure to SOL ▲14.81%, Bittensor, BNB, and even Hyperliquid. SolanaPriceMarket CapSOL$108.43B24h7d30d1yAll time The appeal of DATCOs lies in their ability to offer investors crypto exposure without directly holding volatile assets. As Pantera, a crypto venture capital firm, noted in a letter, DATCOs can generate yield to grow net asset value per share. DATCOs allow investors to own more of the underlying token over time compared to holding spot crypto. This advantage is particularly true for public firms holding tokens of proof-of-stake networks like Solana and BNB, which distribute annual staking yields. Unlike spot crypto ETFs of non-yielding assets like BTC, owning shares of a public company with crypto exposure translates to higher yields. Case Studies: Pantera, World Liberty Financial Aware of this benefit, Pantera has invested over $300 million in public companies holding crypto on their balance sheets. These include SharpLink Gaming, which has aggressively acquired ETH, DeFi Development Corp, and BitMine Immersion. BitMine Immersion controls 1.15 million ETH, making it the largest Ethereum treasury in the world. Meanwhile, DeFi Development Corp is heavily invested in Solana, holding 1.3 million SOL and raising $165 million in July 2025 to buy more SOL. World Liberty Financial, owned by the Trump family, plans to raise $1.5 billion to buy back its token, WLFI, through ALT5 Sigma. By repurchasing tokens, World Liberty Financial follows MicroStrategy’s playbook, using a public company to democratize crypto exposure. Additionally, another Trump company, Trump Media & Technology Group, is pivoting, adding $2 billion in BTC to its balance sheet. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Are Crypto Treasuries Sustainable? As attractive as they are, are crypto treasuries sustainable? Is the DATCO model robust enough to withstand crypto volatility? Public companies adding cryptocurrencies like ETH, SOL, and BNB to their balance sheets can earn staking rewards, providing higher yields through non-dilutive returns. DATCOs also allow traditional investors to gain indirect crypto exposure through familiar equity markets across various jurisdictions. By integrating crypto, companies can diversify, mitigating risks if their stocks crash. However, DATCOs often trade at a premium, and Galaxy Digital warns that a collapse in this premium could trigger sharp drawdowns, especially for firms relying on debt to acquire crypto. Additionally, risks remain. Evolving regulations may restrict DATCOs’ ability to operate or raise capital efficiently. High volatility in the crypto market could wipe out treasury values, impacting stock prices and shaking investor confidence. Falling prices could also make it harder for firms to raise capital to buy crypto unless investors have strong conviction in the crypto in question. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Crypto Treasuries Sustainable? Public Companies Buying Crypto Public companies across the world adding Bitcoin, Ethereum, Solana to their balance sheets MicroStrategy was a pioneer. Began accumulating BTC in 2020 Staking yields allow public companies to earn more than just holding crypto ETFs Question is: Are crypto treasuries sustainable? The post What’s Going On With Crypto Treasuries? TradFi’s New Game Explained appeared first on 99Bitcoins.

Overview: The US dollar is under pressure. The losses seen yesterday have been extended against nearly all the G10 currencies. It is also lower against all the emerging market currencies but the Turkish lira and Russian ruble. There were some murmurings the Fed cutting 50 bp next month, and Treasury Secretary Bessent suggested it may be appropriate. The Fed funds futures have almost 25 bp cut discounted but looking at some pricing in the options market, some observers are concluding the market is pricing in a small chance of such a move. US rates are softer today. The two-year Treasury yield and the 10-year yield are off 2-4 bp, though at 3.70%. The former is not below yesterday's low or the August 1 low (~3.65%). The 10-year is near 4.25%. Yesterday's low was slightly below 4.24% and the August 1 low was closer to 41.8%. After the US S&P and Nasdaq set new record highs yesterday, global equities were pulled higher today. Nearly all the equity markets in the Asia Pacific rallied today. Australia and the Philippines were the notable exceptions. The Hang Seng and the index of mainland companies that trade there led today's advance with a 2.6% surge. Europe's Stoxx 600 is up almost 0.5% in late morning turnover. Europe's 10-year benchmark yields have tumbled mostly 4-6 bp today. US index futures are firm. The weaker greenback and softer rates have helped gold extend its recovery to around $3366 after reaching a seven-day low yesterday near $3331. September WTI settled on its lows yesterday and sold to $62.55 today, a new two-month low. USD: The US dollar was sold after the July headline CPI came in unchanged at 2.7% due to rounding after the expected 0.2% month-over-month increase. The core rate rose by 0.3%, and due to rounding here, the year-over-year was slightly firmer than expected at 3.1% (up from 2.9%). The US dollar retreated, and interest rates softened a little. The Dollar Index was sold to a marginal new low near 97.90, and today has been sold to slightly below 97.65, meeting the (61.8%) retracement target of the DXY rally from July 1 through Aug 1. It has approached the trendline off the two July lows(~97.60). The low from late July is near 97.00. The economic calendar is light today. The Fed's Barkin (non-voter), who spoke yesterday, is likely to mostly repeat himself today, but Chicago Fed's Goolsbee and Atlanta Fed's Bostic speak. We suspect both have warmed up to the idea of a cut next month. EURO: The euro rose for the first time in three days yesterday after the US CPI was understood to be sufficiently benign to allow the Federal Reserve to turn its attention to the downside risks of the labor market. The euro reached almost $1.17, slipping slightly below $1.16 earlier in the session. Follow-through buying today as lifted it to $1.1730. Some euro demand may be related to the nearly 5.2 bln euro of options struck at $1.17 that expire today and tomorrow. The trendline connecting the July highs is near $1.1755 today and the highs from late July were in the $1.1780-90 area. Another look at Q2 GDP and more details will be published tomorrow. There is more risk that the 0.1% quarter-over-quarter GDP estimate is revised down rather than up. CNY: The dollar held below CNH7.20 yesterday. It has not traded above there since August 1. The greenback has been sold to about CNH7.1775 today. The lower end of the range is near CNH7.1750, and the greenback has not traded below it since July 28. After setting the dollar's reference rate higher for the past three sessions, the PBOC lowered it today (CNY7.1350 vs. CNY7.1418 yesterday, a high since August 1). US data suggest 353 tons of rare earths were imported from China in June, up from 46 tons in May. Still, the shipments were lower than before Beijing launched its export controls in early April. With Beijing discouraging the use of Nvidia's H20 chip, while continuing to enjoy strong exports suggests it is easier for China to replace US demand and chips than it is for the US to replace China's rare earths: leverage. Separately, China reported weaker than expected aggregate financing in July. In the first seven months of the year, the aggregate financing was CNY23.99 trillion. It is up 27.1% from the first seven months in 2024. It had risen almost 26.2% in H1 25 from H1 24. Financial institutions offered nearly CNY50 bln new loans last month, the weakest monthly amount since December 2007. July is a weak month. Recall that in July 2024, bank credit to the real economy fell for the first time since 2005. JPY: The dollar rose to a seven-day high against the yen yesterday, poking above JPY148.50 briefly before the US CPI. The JPY148.75 area corresponds to the (50%) retracement of the dollar's losses since the August 1 high (~JPY150.90). In choppy trading the dollar reversed lows and set the session low shortly after European markets closed yesterday, near JPY147.60. The greenback's losses were extended to almost JPY147.15 today. The dollar forged a shelf last week in the JPY146.60-70 area, which may offer the next area of support. Japan's July producer prices edged up 0.2%, but due to the base effect, the year-over-year rate moderated to 2.6% from 2.9%. This is the slowest pace since May 2024 and is the fourth consecutive monthly decline. The cyclical peak was in February and March at 4.3%. Rate expectations were unfazed by the producer prices, and the swaps market has about 14 bp of tightening this year discounted and a little less than 30 bp by the middle of next year. GBP: Sterling's advance was extended yesterday to almost $1.3525 after the US CPI. It was firm before the US data after the better-than-expected UK employment data and the further backing up of UK rates. Sterling has been toying with the down trendline connecting the two July highs, but it closed decisively above it yesterday (~$1.3440). It also settled above the (50%) retracement of its losses from July 1 through August 1, which was found near $1.3465. Follow-through buying today lifted sterling above the next retracement target (61.8%) near $1.3540. It approached the high from late July, around $1.3585. The multiyear high July 1 was almost $1.3790. CAD: The US dollar pushed a little above CAD1.38 before the US CPI, which overshadowed the larger than expected pullback in Canadian building permits. That was the halfway mark of the US dollar's decline from the August 1 high (~CAD1.3880) to the August 7 low (~CAD1.3725). June building permits fell 9%, more than twice the median forecast in Bloomberg's survey, and follows a revised 12.8% increase in May (initially 12.0%). The greenback was sold to session lows after the US data near CAD1.3755 and is straddling that area in the European morning. Important technical support is seen in the CAD1.3725-35 area. It houses last week's lows, the (50%) retracement of the US dollar bounce from the July 23 low (~CAD1.3575), the 20-day moving average, and options for $555 mln that expire today. AUD: The Australian dollar recovered from the dovish cut by the Reserve Bank of Australia yesterday. It fell initially to almost $0.6480, a four-day low. It recovered and reached last week's high (~$0.6540), slightly shy of the (61.8%) retracement of the Aussie's pullback from the $0.6625 high for the year set on July 24. It settled above Monday's high (~$0.6530) to post a bullish outside day. Follow-through buying today has extended the gains to nearly $0.6565. The year's high, recorded on July 24, was $0.6625. Today's wage price index and home loan metrics are sandwiched between yesterday's central bank rate cut and tomorrow’s jobs report. The wage price index eased slightly to 3.4% year-over-year, unchanged from Q1. It averaged 3.7% last year and 3.9% in 2023. The median forecast in Bloomberg's survey is for Australia's unemployment rate to slip to 4.2% from 4.3%, while the participation rate is steady at 67.1%. Overall, Australia has created 90.6k jobs in H1 25, less than half of the 201k jobs created in H1 24. A little more than 61k full-time positions were created in the first six months of this year compared with almost 167.5k in H1 24. MXN: The US dollar stalled after recovering from around MXN18.5250, the pre-weekend low, to almost MXN18.6950 on Monday. It held below there yesterday, and the slumped slightly below MXN18.54 yesterday. The dollar steadied in the NY afternoon but held below MXN18.5920. It is trading heavier today and recorded a marginal new low for the year near MXN18.51. On a break of MXN18.50, the next target we have suggested is aro9und MXN18.40. Brazil reported slightly softer than expected IBGE July CPI. It eased to 5.23% from 5.35% and was lower than all the forecast in Bloomberg's survey. It is the lowest since February. However, the base effect warns of an uptick in August. In August 2024, the CPI fell by 0.02%, the only time the month-over-month rate fell last year. The greenback was sold below BRL5.40 for the first time since last September. It settled near the session low near BRL5.3890. Last August's low was closer to BRL5.3770. A break of it could spur a test on the 200-day moving average (~BRL5.29), which the US dollar has not traded below since June 2024. Disclaimer

Mike Novogratz believes Bitcoin’s path to $1 million is powered by two engines—grassroots adoption and an unforgiving macroeconomic backdrop—and he would rather the ascent be measured than manic. “Bitcoin has two vectors that drive its valuation. One is adoption, right? How many people get orange-pilled? And the other is the macro environment,” the Galaxy CEO told Natalie Brunell in an August 12 interview on Coin Stories, adding that persistent fiscal profligacy across major economies remains a powerful tailwind. Novogratz Sees $1M Bitcoin Ahead Novogratz framed today’s market as the product of a decade of cultural and institutional conversion. On the cultural side, he argues that the social consensus around Bitcoin is now self-sustaining: “Some collection of first kooky people and then less kooky people and then all of us a little have successfully orange-pilled enough people that Bitcoin has value because we say it does.” On the institutional side, he singled out the moment the chief executive of the world’s largest asset manager embraced the asset class. “There’s before Larry Fink and after Larry Fink,” he said, praising the conversion of a once-skeptical standard-bearer as the symbolic turning point: “He blessed it as a real asset and it’s on the screen of every macro trader in the world.” The second engine is macro. Here Novogratz is blunt. He expects continued fiscal deterioration—regardless of political promises—to keep debasing fiat and, by extension, underwriting Bitcoin’s scarcity premium. “We have governments that can’t keep their pants on. They spend more money than they should… And you know what? The deficit’s going to be higher, not lower,” he said. In his telling, Bitcoin functions as both “report card” and governor on policymaking: the worse the stewardship, the stronger the bid for digital gold. The destination, in his view, is not in doubt. The route matters. “I think we will get to a million. I just hope we get there slowly,” Novogratz said. A disorderly sprint to seven figures, he warned, would likely reflect domestic or global dislocation: “People that cheer for the million-dollar Bitcoin price next year… it only gets there if we’re in such a [shitty] place domestically.” He prefers a glide path where adoption compounding meets macro drift, not panic. That stance informs his take on Bitcoin’s role and narrative. He wants Bitcoin to “stay in its lane” as digital gold—“the blockchain tailor-made for money”—and resists efforts to make it all things to all use cases. “The narrative is so clean when you say it’s digital gold,” he said, arguing that clarity invites the broadest acceptance from institutions and the public. That clarity has already translated into infrastructure: spot ETFs and traditional-market rails that deepen liquidity and lower frictions for allocators. Liquidity, he noted, has scaled to the point where even very large transfers can be absorbed with limited impact. Without naming the client, he acknowledged Galaxy’s execution of a high-profile sale of 80,000 BTC in the interview and observed that “the market held up very well… it barely made a blip.” For him, the episode illustrates the maturing of Bitcoin’s market structure—precisely the condition needed for large treasuries, lenders, and derivatives desks at “traditional firms [that] are going to start by lending against Bitcoin and Ethereum” to participate without destabilizing prices. Cycle-wise, Novogratz still sees room to run, though he is watching for signs of froth. “We’re getting five calls a week on new… balance sheet companies. At one point that’s what bubbles feel like,” he said. Even so, his “gut feeling” is for “one more leg up” with a potential ramp into the fourth quarter, helped by perceptions of an increasingly dovish Federal Reserve. He also reminded listeners that “the last gasp of the bull market is often the most violent upward… and we’re not there yet.” Despite his decades as a macro trader, Novogratz anchors his own crypto allocation with conservative asymmetry: “People ask me all the time… I’ve been roughly 70/30—70% Bitcoin, 30% other.” For newcomers outside crypto, he now sees room for materially higher exposure than in years past, citing the industry’s maturation. But all roads, in his framing, still lead back to Bitcoin’s dual-engine thesis: broaden the tent and let macro do the rest. “Adoption means orange-pilling people,” he said. “The more people we have bringing people into the tent, the price goes up.” The macro engine is unlikely to stall any time soon. The combination, he argues, is what ultimately propels Bitcoin to seven figures—ideally by steady climb, not crisis. At press time, BTC traded at $119,743.

There is a beautiful storm brewing that could shape the direction of the crypto bull run in 2025 and beyond. This Friday (August 15), Donald Trump will meet with Vladimir Putin, and the leaders of their respective nations aim to bring about an end to the conflict in Ukraine. A positive outcome will likely send the crypto bull market into overdrive. On the crypto side, Sharplink Gaming (SBET), one of the leading publicly-traded Ethereum Treasury firms, has its Q2 earnings call, which investors will be keen to hear after the firm has amassed just shy of 600,000 ETH ($2.8 billion) since pivoting to its Ethereum Treasury strategy earlier this year. These two events taking place on the same day will likely give Bitcoin, Ethereum, and the broader crypto market a clear direction as we head toward Q4. Positive talks between the two Presidents and a bullish earnings report for Sharplink would likely result in both TradFi and crypto markets going parabolic. Sharplink Gaming (SBET), alongside Bitmine (BMNR), are leading the way as the two most significant publicly traded companies that are following Michael Saylor’s Treasury strategy, but with Ethereum rather than Bitcoin. Since the turn of the year, SBET has accumulated just shy of $3 billion worth of ETH and is still buying. Just two days ago, on August 11, Sharplink announced a staggering $400 million funding round that will be used to make further ETH purchases. SBET announced that the funding round was completed with investment from five significant global investors, marking a growing trend where TradFi firms increasingly view Ethereum as an invaluable asset in their financial strategies and are all seeking exposure in one form or another. Bitmine and Sharplink now hold nearly 1.5% of the total ETH supply, and both firms are vocal about their wish to have 3-5% each by the time they’re done accumulating. Compared to Bitcoin, Ethereum offers a 2.2-2.8% yield via staking, which the Ethereum Treasury firms are keen to capitalize on, as they could earn over $500,000 daily in staking rewards with current holdings. This means that firms like Sharplink and Bitmine will be able to navigate volatile price action more easily. The income from staking rewards can help offset a market downturn, enabling them to stay profitable even during dips. Friday’s earnings call for Sharplink will see the executive team review the financial and operating results for the three and six months ended June 30, 2025, followed by a Q&A session. Bullish financials and a positive Q&A, coupled with ETH potentially hitting or already being above all-time high, could create a euphoric pump across the market, especially if news out of Alaska is promising. It will be vital to monitor President Trump’s social media posts for the quickest sentiment check regarding the President’s meeting with Putin. If the sentiment is positive, expect the crypto bull run to explode. EthereumPriceMarket CapETH$561.60B24h7d30d1yAll time EXPLORE: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post August 15 Looms Over Crypto Bull Market Hopium: Trump-Putin Peace Talks and SBET Earnings Call appeared first on 99Bitcoins.

Investors woke up yesterday to some serious on-chain fireworks. Whales snapped up a staggering $161K Bitcoin Hyper ($HYPER) and $105K TOKEN6900 ($T6900) in one day. That’s a 265K thunderclap landing in presales just as Ethereum popped above $4.5K for the first time since 2021. It’s the sort of moment that makes wallets sweat, and watch out for runaway trains. If you’ve been itching to breed some meme-coin mania or ride the next wave of ‘best altcoins to 10x after Ethereum $4.5k rally,’ this might be your ticket. Let’s zoom out, sniff the market, and spotlight three presales that just might light up your portfolio. The Market Context Ethereum’s push beyond $4,5K has shifted the market’s tone. Traders are scanning for new crypto projects that could deliver 10x returns. The excitement is feeding into crypto presales, where lower entry prices are tempting buyers before tokens reach exchanges. Whale purchases of $161K Bitcoin Hyper ($HYPER) and $105K TOKEN6900 ($T6900) in one day are adding fuel to the optimism, suggesting that large investors see strong upside potential. This mix of price action, fresh capital, and growing retail interest is stirring a sense of FOMO across the market. As more money flows into early-stage projects, the next wave of high performers could be forming right now – setting the stage for a busy and potentially lucrative season for altcoin hunters. 1. Bitcoin Hyper ($HYPER) – Bitcoin Layer-2 with Meme Energy Bitcoin Hyper ($HYPER) is the fastest Bitcoin Layer 2, built on the Solana Virtual Machine (SVM). This setup delivers sub-second transactions, near-zero gas fees, and full compatibility with the Solana ecosystem. With this upgrade, Bitcoin gains the scalability needed for high-speed payments, meme coins, dApps, and DeFi. The platform serves as an execution layer where assets can move across Bitcoin, Ethereum, Solana, and other chains without delays. Developers, traders, and community builders can launch projects and transact at speeds that make everyday blockchain use practical. $HYPER powers every part of the network – from transactions and staking to governance and launch access. Early participants can earn staking rewards of up to 150% APY and gain priority for airdrops and token launches. You can buy $HYPER for $0.01265 right now, with more than $9M already raised. Yesterday’s whale purchase of $161K worth of tokens adds weight to the growing momentum, especially alongside Ethereum’s climb past $4,5K. Market attention is shifting toward projects that combine real utility with cultural relevance, and Bitcoin Hyper is positioning itself at that intersection. 2. TOKEN6900 ($T6900) – Meme Coin That’s Taking no Prisoners TOKEN6900 ($T6900) has quickly become one of the loudest meme coins on the market, raising nearly $1.9M in its presale with each token priced around $0.00695. Eighty percent of the total supply is available before launch, capped at $5M, creating a fair entry point for the community. Branded as the ‘standard for brain-rot finance,’ TOKEN6900 rejects the pretenses of traditional finance. There’s no roadmap, no promises, and no fake utility – just pure meme-fueled liquidity. Inspired by early 2000s internet culture, the project is themed as a parody of the S&P 500 and SPX6900, but with one extra token in supply. Its appeal lies in honesty. It doesn’t track markets, GDP, or oil reserves – it thrives on collective delusion as a feature, not a flaw. Investors aren’t here for fundamentals, they’re here for the cultural moment. Yesterday’s whale buy of $105K shows that even large holders are willing to back a project built on community momentum. $T6900 is feeding the current wave of speculative energy head-on. 3. Arctic Pablo ($APC) – A Mythical Meme Coin with Real Mechanics Arctic Pablo ($APC) combines meme coin culture with an ongoing adventure narrative. The project’s presale price is currently $0.0008, with over $3.3M raised so far. It has reached its 36th presale stage, known as Horizon Haven, and is aiming for a listing price of $0.008. Each stage represents a new chapter in Pablo’s journey, and the tokenomics include a weekly burn of unsold tokens to increase scarcity. The total supply is capped at 221.2B tokens. Early backers can access staking rewards of 66% APY during the first two months after launch, adding a yield component to the presale. This approach blends community engagement with a structured rollout. Recent whale activity in Bitcoin Hyper and TOKEN6900 shows there is appetite for early-stage projects with strong narratives and active presale performance. Arctic Pablo is benefiting from the same market sentiment. With Ethereum trading above $4,5K and investor interest in meme coins growing, the project’s mix of storytelling, staking, and scarcity is attracting attention ahead of its exchange debut. Riding the Whale Wave Whale buys in Bitcoin Hyper and TOKEN6900 are showing where big money is moving as Ethereum’s rally pushes sentiment higher. Arctic Pablo is also drawing attention, fueled by its narrative-driven presale and strong community momentum. Together, these projects cover the spectrum from high-speed Layer-2 tech to pure meme energy and story-backed scarcity. In a market charged with FOMO, they’re all positioned to benefit from early-stage hype. This is not financial advice. Always do your own research (DYOR) before investing in crypto.

Kazakhstan has launched Central Asia’s first spot Bitcoin exchange-traded fund (ETF) on 13 August 2025. Astana-based investment firm, Fonte Capital, will commence trading today. This is Central Asia’s first regulated and physically backed Bitcoin ETF. The Fonte Bitcoin Exchange Traded Fund holds actual Bitcoin in custody rather than using futures contracts. “BETF aims to accurately reflect the price dynamics of bitcoin, striving to achieve this performance before fees and fund obligations,” Fonte Capital said. “The Fund is registered as non-Exempt, making it accessible to a broad range of investors, including retail (non-qualified) participants.” According to the announcement, the ETF will begin trading under the ticker BETF. It will be quoted in USD on Astana International Exchange (AIX). Explore: 9+ Best High-Risk, High–Reward Crypto to Buy in August 2025 “The BETF fund is physically backed by Bitcoin, with custody from BitGo Trust” Custody is provided by the US-regulated digital asset custodian BitGo. “Through secure, US-regulated cold storage, BitGo is helping deliver institutional-grade bitcoin access to investors in the region for the first time,” BitGo said in a post on X. “The listing of BETF on AIX marks an important step in the development of Kazakhstan’s investment infrastructure and provides investors with a regulated and secure way to include Bitcoin in their investment portfolios without the complexities associated with holding and transferring the underlying asset,” Fonte Capital said. Furthermore, the ETF will operate within the legal and supervisory framework of the Astana International Centre (AIFC). Explore: Kazakhstan Moves To Create A National Crypto Reserve With Seized Digital Assets Kazakhstan Moves To Create National Crypto Reserve With Seized Assets Kazakhstan is preparing to launch a state-run crypto reserve as the National Bank of Kazakhstan confirmed plans to create a national crypto reserve. The fund will likely be made of seized digital assets and government-linked mining operations. The announcement came from the government news agency Kazinform on 25 June 2025. National Bank Chairman Timur Suleimenov acknowledged the internet volatility and risks associated with crypto. However, he argued that placing the crypto reserve under the control of a centralized institution would ensure proper oversight and mitigate potential dangers. Importantly, Kazakhstan’s crypto reserve is expected to be managed by a subsidiary of the National Bank specializing in alternative investments. Explore: Top 20 Crypto to Buy in August 2025 Key Takeaways BETF will be Central Asia first regulated and physically backed Bitcoin ETF. The BETF launch consolidates Kazakhstan’s leadership within Central Asia by delivering a flagship, regulated spot Bitcoin vehicle ahead of neighbors such as Uzbekistan and Kyrgyzstan, which have taken more cautious approaches. The post Central Asia’s First Spot Bitcoin ETF Goes Live As Kazakhstan’s Fonte Capital Begins Trading appeared first on 99Bitcoins.

Asia Market Wrap - RBA Cuts Rates, Nikkei Hits Fresh All-Time Highs Most Read: US CPI comes in as expected – Market reactions Japan's Nikkei index hit a new milestone on Wednesday, crossing the 43,000 mark for the first time ever. The broader Topix index also reached a record high, following strong gains in Wall Street overnight and marking six straight days of growth. The Nikkei rose by as much as 1.7% to a high of 43,451.46 before closing at a record 43,274.67. This brings its total gain to 7.4% since August 4. Monday was a public holiday in Japan. The MSCI All Country World Index rose by 0.2% to a record high, following Wall Street's climb to new peaks. Markets are almost fully expecting a 0.25% interest rate cut by the Fed next month. Asian shares also performed well, rising 1.1%, with Shanghai stocks hitting their highest level since December 2021. For more on the Hang Seng Index, read Hang Seng Index Technical: End of minor corrective decline, start of new bullish impulsive up move European Open - Shares to Record Highs Global stock markets reached a record high on Wednesday following the European Open. The MSCI All Country World Index rose for the second day, hitting a record high of 950.13. European stocks went up by 0.5%, with German stocks increasing by 0.6%. Tech and defense stocks were the main drivers of the gains. The S&P 500 and Nasdaq 100 were both up 0.14% and 0.20% respectively. On the FX front, the dollar index, which measures the dollar against other major currencies, dropped to 97.76, its lowest since July 28, after falling 0.5% on Tuesday. This weakness boosted the euro, which rose 0.3% to $1.1709, briefly hitting its highest since July 28. The British pound also gained 0.4% to $1.3562, its highest since July 24. The Australian dollar increased by 0.35% to $0.6552, while the New Zealand dollar rose 0.5% to $0.5986. In cryptocurrencies, Bitcoin paused its rally and fell slightly by 0.34% to $119,809. Meanwhile, Ether reached a nearly four-year high of $4,679. Currency Power Balance Source: OANDA Labs Looking at commodities, Gold prices went up on Wednesday as mild inflation data increased expectations of a U.S. Federal Reserve rate cut in September. A weaker dollar also boosted demand for gold. Spot gold rose 0.3% to $3,354.77 per ounce, while U.S. gold futures for December delivery edged up 0.1% to $3,403.20. For more on Gold, please read Gold's (XAU/USD) Recovers to $3350/oz After Mixed CPI Reaction. What Next? Oil prices dropped on Wednesday after the IEA reported that supply is expected to exceed demand this year. Investors are also watching for Friday's meeting between U.S. President Donald Trump and Russian President Vladimir Putin. Brent crude fell by 45 cents (0.7%) to $65.67 per barrel, while U.S. West Texas Intermediate (WTI) crude dropped 53 cents (0.8%) to $62.64 per barrel. Economic Data Releases and Final Thoughts Looking at the economic calendar, a quiet day lies ahead. The biggest events for the day will be EIA oil inventories data as well as a host of Federal Reserve policymakers who are scheduled to speak. Lastly, we will get the Bank of Canada meeting minutes release which will be interesting to see in light of the RBA decision to cut rates and expectations that other Central Banks will follow suit. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - FTSE Index From a technical standpoint, the FTSE 100 advanced but has failed to break above the recent all-time highs just shy of the 9200 level. We have seen multiple rejections of this level in recent days and it appears some form of catalyst may be needed to get the Index across the line. In what could be seen as a sign of the bearish pressure, the RSI did not even make it to overbought territory before the rejection. The question now becomes, is this a small pullback before an attempt to break beyond the 9200 handle? On the support side we have the 9150 and 9132 support areas which if they hold could help the FTSE 100 print fresh highs. FTSE Daily Chart, August 13. 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Bittensor is a top crypto AI token, no doubt. While the project dominates headlines, TAO crypto, the underlying coin, has been performing dismally. Although prices sprang higher in early April, rising from around $160 and rallying to as high as $520 at some point in June, the coin has been moving sideways since then. Will TAO Crypto Rally To $3,000? The sideways price action, looking at bold predictions by analysts on X, could suggest that investors are accumulating. One analyst is convinced that TAO USD is forming the W Pattern reminiscent of the November 2023 price action, which preceded major price gains. Then, prices soared from around the $30 to $90 zone to new highs of around $700. Because of these limitations, a decentralized model offering parallel AI training across a global network is feasible and would be scalable. Since Bittensor is building this solution, TAO crypto could be a strategic asset for investors who believe the future will be AI-driven. Safello Launches TAO ETPs As TaoFi Links Bittensor with Base Safello is now providing investors in Europe, mostly institutions, after announcing plans to list TAO-backed ETPs. In a post on August 12, Safello said the TAO ETP will provide access to non-crypto native investors and institutions via tax-advantaged accounts. Investors won’t have to pay capital gains tax. TaoFi recently introduced a bridge that connects Bittensor with Base, an Ethereum layer-2 solution. This initiative aims to integrate TAO into the decentralized finance (DeFi) ecosystem, enabling holders to earn capital gains and additional yields through farming and other opportunities. The TaoFi bridge utilizes Hyperlane’s Interchain accounts and SNO by Sturdy, allowing users to transfer USDC from various chains, including Solana and Ethereum, to the Bittensor EVM in a single transaction. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Is TAO Crypto Ready for $3,000? Traders Super Bullish on Bittensor TAO crypto is moving sideways Will TAO USD soar to $3,000? Grayscale endorses Bittensor Safello launches TAO ETP in Europe The post Is TAO Crypto Ready for $3,000? Traders Super Bullish on Bittensor, Here’s Why appeared first on 99Bitcoins.

Известная миру с 2018 года криптовалютная площадка BingX этим летом запускает новую бонусную программу. Платформа предлагает новым пользователям возможность заработать до 6 000 USDT в виде наград за активную торговлю. Бонусы привязаны к простым задачам регистрации, таким как создание аккаунта, верификация личности, внесение депозита и размещение торговой сделки. Программа вознаграждений является частью более широких усилий BingX по привлечению и поддержке как новых, так и опытных криптотрейдеров. Путь к наградам начинается с мистери-бокса на сумму до 30 USDT, доступного просто за регистрацию. Верификация личности приносит до 500 USDT, с дополнительными бонусами за первый депозит и первую сделку по 500 USDT каждый. В совокупности эти первоначальные действия могут принести до 1 500 USDT с самого начала. После выполнения этих задач награды обычно выдаются в течение одного часа. Торговля на BingX – актуально для трейдеров любого уровня Платформа BingX P2P значительно упрощает процесс криптосделок, предлагая пользователям прямой обмен USDT без необходимости выбирать среди множества торговых пар. Это особенно удобно для новичков, которые хотят быстро начать торговать без лишних проблем на старте. Хотя у системы есть некоторые ограничения, они компенсируются продуманными механизмами безопасности, включая систему условного депонирования (эскроу), интуитивно понятный интерфейс и высокую ликвидность. Это делает P2P-торговлю на BingX не только доступной, но и надежной. Помимо P2P, BingX предлагает: Спотовую и фьючерсную торговлю с гибкими условиями. Двойное инвестирование – возможность пассивного заработка на криптовалютах. Конкурентные комиссии: 0,1% для спотовых сделок (мейкер/тейкер) и 0,02%/0,05% для фьючерсов. Кредитное плечо до 150x на фьючерсном рынке. Более 700 криптовалют для торговли, что обеспечивает трейдерам широкий выбор активов. Таким образом, BingX сочетает в себе простоту для начинающих и мощные инструменты для опытных трейдеров, оставаясь одной из самых привлекательных платформ на рынке. BingX 2025: Инновационная экосистема для профессионального трейдинга Чем BingX выделяется среди криптовалютных бирж в текущем году? Сообщество пользователей отмечает непревзойденные стандарты информационной безопасности и операционной открытости. Многоступенчатая система верификации в партнерстве с Sumsub формирует фундамент доверия среди широкого круга участников рынка. Интеллектуальные алгоритмы машинного обучения обеспечивают превентивное выявление потенциальных угроз кибербезопасности, многократно усиливая защитные механизмы платформы. Стопроцентное обеспечение резервами гарантирует участникам стабильность финансовых операций даже в условиях рыночной волатильности. Независимый аудит от CertiK – признанного лидера в области оценки безопасности блокчейн-проектов – подтверждает высочайшие стандарты платформы. Перейти на сайт BingX Прогрессивная система вознаграждений за торговую активность Участники, достигающие установленных показателей торговой деятельности, могут претендовать на бонусы до 5 000 USDT. Градация поощрений включает уровни: 10, 20, 50, 120, 200, 800 и 5 000 USDT, в зависимости от размера капитализации и интенсивности торговых операций. Стартовый бонус 10 USDT активируется при депозите от 100 USDT и фьючерсном обороте свыше 500 USDT. Максимальное вознаграждение 5 000 USDT требует депозита 100 000 USDT и фьючерсного оборота 15 000 000 USDT. Подобная структура стимулирует углубленное использование торговых возможностей экосистемы. Программа “Элитных достижений” – эксклюзивные привилегии для продвинутых трейдеров Платформа разработала специальную секцию премиальных вознаграждений с периодическими челленджами, аирдропами привилегированными купонами. Депозит 200 USDT активирует купон номиналом 2 USDT, тогда как достижение спотового оборота 500 USDT приносит дополнительный купон аналогичной стоимости. Регулярные раздачи токенов различных цифровых активов проходят в ограниченные временные окна. Активности и раздачи систематически обновляются, открывая участникам дополнительные источники дохода помимо стартовых поощрений. Подобный подход позволяет участникам рынка масштабировать доходность без кардинального изменения торговых привычек. Стратегии остаются неизменными, прибыльность возрастает благодаря поддержке экосистемы. Как принять участие в бонусной программе BingX? Для получения полного доступа к бонусной программе пользователям необходимо зарегистрироваться через официальную платформу, которая напрямую перенаправляет на портал с наградами. После подключения участникам нужно выполнить обязательные условия: завершить регистрацию, внести депозит и совершить первую торговую операцию для получения бонуса. Перейти на официальный сайт BingX

The Australian dollar has extended its gains on Wednesday. In the European session, AUD/USD is trading at 0.6551, up 0.33% on the day. The Aussie is trading at its highest levels since July 28, as the US dollar is showing signs of weakness against the major crurrencies. Australian wage growth steady at 3.4% Australia's wage growth rose 3.4% y/y in the second quarter, unchanged from Q1 and just above the market estimate of 3.3%. Wages accelerated in both the public and private sectors, which accounted for the better-than-expected growth. The labor market has been softening but wage growth still remains solid. The Reserve Bank of Australia is keeping an especially close eye on employment data, now that inflation is under control. The RBA lowered rates on Tuesday in a widely expected decision. The central bank is sounding cautious about further rate cuts but a further deterioration in the labor market would likely force the RBA to change its tune and respond with a rate cut before the end of the year. US CPI steady but core CPI rises US inflation for July came in at 2.7% y/y, matching the June figure. However, core CPI surprised on the upside with a gain of 3.1%, up from 2.9% and above the market estimate of 3.0%. A sharp drop in gasoline prices kept headline CPI in check but this was not a factor in core CPI, which excludes food and energy prices. The spike in core CPI was likely due to the effect of US tariffs, which are filtering through the economy and have raised the prices on goods imported to the US. The inflation report has raised market expectations of a Fed rate cut in September. The markets have priced in a 96% probability of a cut, up from 84% just prior to Tuesday's inflation report. AUD/USD Technical AUD/USD has pushed above resistance at 0.6528 and 0.6542 and is testing 0.6556. Above, there is resistance at 0.65960.6514 and 0.6500 are the next support levels AUDUSD 1-Day Chart, Aug. 13, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The crypto market is getting hotter this week, drawing attention not just to Bitcoin and Ethereum but also to the best meme coins to buy in the current rally. On August 12, spot Bitcoin ETFs recorded a net inflow of $65.94 million, marking five consecutive days of positive flows. Spot Ethereum ETFs posted an even bigger impact, with $524 million in net inflows over six straight days, led by BlackRock’s ETHA at $319 million for the day. Ethereum continues to dominate headlines, up almost 236% in the last five months and now trading around $4,637 after breaking the $4,100 resistance. That puts ETH just 5% away from its all-time high of $4,878 from November 10, 2021. At this pace, $5,000 by the end of the week doesn’t just look possible: it’s beginning to feel inevitable. (ETHUSDT) Bitcoin is also consolidating in a bullish pattern, with historical setups like this often leading to sharp breakouts. A $330 million BTC buy and bullish remarks from White House officials, predicting a $20 trillion market cap for crypto, are adding fuel to the fire. EXPLORE: Best Meme Coin ICOs to Invest in 2025 Best Meme Coins to Buy Right Now as Market Momentum Builds Meme coin traders are also enjoying the rally. Fartcoin jumped 24%, likely boosted by PUMP’s long-awaited rebound. As the flagship meme token on Pump.Fun, Fartcoin has quickly become its most important coin. Classic OGs meme coins are performing too: WIF and Popcat posted +11% and +10% daily gains, respectively, as momentum returns to OG meme assets. With ETF inflows growing, blue-chip cryptos pushing toward new highs, and meme coins flashing double-digit gains, August is shaping up to be a high-volatility, high-opportunity month. Whether you’re holding BTC, chasing ETH’s $5K target, or scouting the next big meme token, the market’s bullish tone is hard to ignore. 9 minutes ago Metaplanet Reports Q2 2025 Results, Becomes Asia’s Largest Corporate Bitcoin Holder By Fatima Metaplanet has released its Q2 2025 financial report, confirming it now holds 18,113 BTC, making it the fourth-largest corporate Bitcoin holder globally and the largest in Asia. Year-to-date, the company has raised ¥242.2 billion to expand its Bitcoin reserves, achieving an impressive 468.1% BTC yield in 2025. The Bitcoin holdings were acquired for a total of ¥270.364 billion ($1.83B), with an average purchase price of ¥14,926,496 ($101.3K) per BTC. 1 hour ago Bullish Crypto Exchange Upsizes IPO to Nearly $5 Billion Valuation By Fatima Bullish is going bigger than expected. The crypto exchange, backed by Peter Thiel and the owner of CoinDesk, has increased the size of its IPO to $990 million. The company is now offering 30 million shares priced between $32 and $33, pushing its projected valuation close to $4.8 billion. Just last week, the goal was $4.2 billion. The Bullish IPO is one of the largest public offerings in crypto since Circle’s debut earlier this year. Read The Full Article Here The post [LIVE] Latest Crypto News, August 13 – Bitcoin ETF Records Positive Inflow And ETH Price Breaks $4.6K: Best Meme Coins To Buy? appeared first on 99Bitcoins.

A math-based scenario is getting attention in markets this week. According to experts, Ether’s market value has historically moved to about 30–35% of Bitcoin’s market cap during major bull runs. If Bitcoin climbs to $150,000 from its current price of $119,250, that ratio would put Ether near $8,656 at the top end of the model. At the time of writing, Ether was up 8% in a 24-hour price move, hitting $4,630 for new weekly high. Bitcoin was up a percent, and slowly closing in the key $120,000 region, data from Coingecko shows, According to an analysis by trader Yashasedu a lower range of ratios — between close to 22% and 30% — would put Ether between $5,370 and $7,400 if Bitcoin does reach $150,000. Market Cap Math And The Upside Case According to the trader’s logic, the calculation is simple: pick a BTC price, multiply by BTC supply for market cap, then apply a chosen ETH/BTC market-cap ratio and divide by ETH supply to get an ETH price. Yashasedu notes that in 2021 Ether climbed to about 36% of Bitcoin’s market cap, which is why the 30–35% range is getting cited now. Reports have disclosed that institutional flows and growing ETF demand for Ether are part of the reason some traders expect the pattern to repeat. Flows, Treasury Buys, And TVL Based on reports, spot Ether ETFs recorded a single-day inflow of $1 billion recently — the biggest day so far — and TVL on Ethereum has topped $90 billion, figures that supporters point to as proof demand is rising. Several well-known market voices have put out higher Bitcoin targets that feed into these scenarios. Tom Lee, Arthur Hayes, and Joe Burnett have forecasted Bitcoin could reach as high as $250,000 by the end of 2025. MN Trading Capital founder Michaël van de Poppe has said that we’ll likely see a new ATH for ETH and then some consolidation. Those calls are opinions, and traders use them to build scenarios rather than certainties. Short-Term Signals And Technical Forecasts Meanwhile, technical indicators show current sentiment as Bullish, and the Fear & Greed Index sits at 73 (Greed). According to one price prediction, Ethereum is expected to rise about 10% to reach $5,125 by September 12, 2025. Ether recorded 20 out of 30 green days recently, a 67% run of positive days, and about 8.33% price volatility over the last 30 days. These numbers feed both the bullish story and the case for caution. Featured image from Meta, chart from TradingView

This is a follow-up analysis and update of our prior report, Chart of the day – Potential bullish acceleration for Silver (XAG/USD) published on 18 June 2025. Silver (XAG/USD) has staged the expected rally of 7.1% from 18 June 2025 to hit the predefined resistance of US$39.08 (printed a 14-year high of US$39.53 on 23 July) before it staged a corrective decline of -8.39% to hit an intraday low of US$36.21 on 31 July 2025. Let’s now examine its latest medium-term multi-week directional bias from a technical analysis perspective. Fig. 1: Silver (XAG/USD) medium-term trend as of 13 Aug 2025 (Source: TradingView) Preferred trend bias (1-3 weeks) The minor corrective decline from the 23 July 2025 high is likely to have ended, and Silver (XAG/USD) is likely in the process of shaping a potential new bullish impulsive upmove sequence within its medium-term and major uptrend phases. Bullish bias with key medium-term pivotal support at US$37.00 and a clearance above US$39.53 sees the next medium-term resistances coming in at US$40.85 (Fibonacci extension and upper boundary of medium-term ascending channel from 7 April 2025 low) and US$42.14/42.74 (Fibonacci extension and upper boundary of long-term secular ascending channel from March 2020 low) Key elements The 31 July 2025 low of US$36.21 confluences with the 50-day moving average and the lower boundary of the medium-term ascending channel from the 7 April 2025 low.The 4-hour RSI momentum indicator has continued to exhibit a bullish momentum condition and has not reached its overbought region (above 70 level).The relative strength chart of the Silver/Gold ratio has continued to trend steadily upwards since 4 August 2025, which suggests further medium-term outperformance of Silver against Gold.Alternative trend bias (1 to 3 weeks) A break below the US$37.00 key support invalidates the bullish scenario to kickstart another corrective decline sequence to expose the next medium-term support at US$35.45, and below it triggers a deeper slide to test the US$34.13 long-term pivotal support. 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’s chart is lighting up with what crypto analyst Kevin of Kev Capital calls a “once-in-a-decade” confluence of bullish signals — patterns and indicators that he says have not appeared together in the asset’s history. In a video update on August 12, Kevin revisited his May forecast for “ETH season” and detailed why the rally is unfolding almost exactly as projected, while warning that the final technical barrier is still intact. Ethereum Faces On Last Hurdle Two months ago, when sentiment toward Ethereum was at its most pessimistic in years, Kevin issued an alert based on the ETH/USD, ETH dominance, and ETH/BTC monthly charts. “We were probably the first people flashing these warning signals on ETH… it was so blatant and so obvious… something historical,” he said. Since that call, ETH has gained more than 150%, with related “beta plays” such as Chainlink, Uniswap, and Ethereum Classic seeing triple-digit percentage gains from their lows. The catalyst, Kevin explained, began with a rare monthly demand candle at major support — a formation that in past cycles preceded massive rallies. That was backed by multiple momentum indicators turning from extreme oversold levels. The monthly Stock RSI showed what he described as an unprecedented “V-shaped turnaround,” the MACD histogram had been coiling tighter since late 2019, and whale money flow was reversing from the lowest readings in Ethereum’s history. “You’re now just seeing the monthly MACD cross at the apex of this pattern… right at the zero line,” he noted, framing it as the technical ignition point for a sustained breakout. On ETH dominance, Kevin pointed to the same multi-indicator alignment: oversold RSI and Stock RSI, an imminent MACD cross, and price hitting the same support that underpinned the 2019–2020 cycle. In his view, that bottom signaled the start of a durable phase of ETH outperformance, one that would lead altcoins higher. The ETH/BTC chart, he argued, confirmed the timing: “The lead altcoin showed the way… the bottom is obviously in.” Still, Kevin stressed that Ethereum is not yet in open price discovery. The key resistance remains its previous all-time high at roughly $4,850. “We’re not in the clear… don’t be buying into four-year major historical resistance levels. That’s never smart. That will get you hurt,” he warned, noting that on the broader “Total 2” market cap chart for all altcoins excluding Bitcoin, the $1.71–$1.72 trillion zone is the last major “line in the sand.” Until those levels are broken on high time frames, he sees the market in a high-risk, high-reward posture. Macro conditions may tip the scales. With CME FedWatch now pricing in a 90%+ probability of a US interest rate cut in September, and additional cuts projected for October and December, Kevin believes the mix of easing monetary policy and technical breakout structures creates a “perfect recipe” for altcoin outperformance. Even so, he cautioned that macro shocks could derail momentum and that traders should position with pullbacks in mind rather than chasing into resistance. For now, Kevin is content to acknowledge a rare technical alignment that he believes has already made history. “The ETH dominance call, the ETH versus Bitcoin call that we made a few months ago has played out beautifully… I think there will be pullbacks, but overall, we are on the back half of this bull market,” he said. Whether that back half erupts into price discovery hinges on one number: $4,850. Until then, Ethereum’s once-in-a-decade bull signal remains charged — but not yet fully unleashed. At press time, ETH traded at $4,624.

After the announcement of the conclusion of the Ripple-SEC legal battle that began in 2020, the XRP price had surged by more than 12% in response. This brought the altcoin back above the $3 level to put the bulls back in charge of the price once again. However, there has been a slowdown in the price in the face of profit-taking, and a crypto analyst has suggested that the price could continue to decline toward the next major support level. Descending Trendline Break Not Enough To Hold Price Following the surge that was triggered by the Ripple-SEC announcement, the XRP price was able to break a descending trendline that had formed after its July peak. This break had seen the price push toward $3.4 before being beaten back down again, crypto analyst HAMED_AZ highlighted in a new analysis. This was triggered by the resistance encountered just before $3.4 and has now sent the altcoin back into a corrective phase. So far, the bulls have been fighting off this correction as the $3.2 level has continued to serve as support. However, the analyst predicts that the correction is far from done. HAMED explains that it is likely that the XRP price will end up breaking back down to retest the previously broken trendline at around $2.9. This would mean another crash below $3 could be in the works, erasing all of the support that had been built up at this level. The Continuation Of The XRP Price Rally While a break toward the previously broken trendline is expected, the analyst’s chart suggests that the digital asset could find support just above $2.9. This level would mark the completion of the pullback and would serve as the lift-off point for a bullish continuation that could push the price higher. This move would also put the XRP price on the path of an ascending trendline from the month of June, which would coincide with the $2.93 bottom. Once this is completed, HAMED expects the XRP price to pull upward toward brand-new all-time highs. From here, an over 35% increase is expected, which would put XRP over $4. If this happens, then it would clear the current peak of $3.84, which was recorded 8 years ago in 2018.