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Bitcoin’s fresh record above $124,000 on Thursday set the stage for a stark test of one of oldest heuristics, according to Joe Consorti, Head of Growth at Theya. In a video published today, August 14, Consorti argued that the fourth quarter will reveal whether the market’s long-observed four-year halving cycle still governs price behavior—or whether the asset has entered a new regime shaped by deep, patient pools of traditional finance capital. “Bitcoin just hit a brand new all-time high of more than $123,700,” he said at the top of the segment. “It’s since corrected slightly…but we’re still pushing higher.” That print aligns with Wednesday’s tape across major dashboards: Bitcoin price topped above $124,4000 today as macro traders leaned into a prospective Fed easing path and risk sentiment firmed. Q4 Could Bury The 4-Year Bitcoin Cycle For Good Consorti framed the breakout against a month-long tug-of-war around $118,000–$120,000, describing how “longs and shorts have been fighting back and forth for market control,” with bulls “slowly but surely” grinding out the upper hand. He tied the setup to the seasonal transition out of the “summer doldrums,” and to a policy backdrop he expects to turn supportive: “As Wall Street returns from vacation… the Fed is positioned for its first maintenance rate cut in a year as the US economy rebounds.” Futures markets have increasingly priced a September cut, a shift that has underpinned risk assets broadly alongside dollar softness. The heart of Consorti’s thesis is that this expansion is structurally different. “This is also Bitcoin’s longest bull market ever… at 21 months compared to 13 months,” he said, using that duration to pose the key dilemma: “That begs the question, is the 4-year cycle dead? Well, at the very least, the 4-year cycle will be tested in Q4 of this year.” He pointed viewers to analysis from on-chain researcher James Check (Checkmate) at CheckOnChain. “If we see a massive run-up and blow-off top at 4-year end, the theory remains intact… but if not, Bitcoin’s behavior through market cycles has probably changed forever.” Check, for his part, has recently written that “if there was ever a time for the 4yr Bitcoin halving cycle to break, this market environment is likely it,” underscoring how veteran on-chain analysts are also bracing for a pattern shift. What’s changed, in Consorti’s view, is the buyer base. “Traditional finance capital pools have entered the picture, and they play by different rules.” He highlighted spot Bitcoin ETFs as the prime conduit: “These are purchased by retirees, pension funds, and endowments… These are allocators with no near-term intention of selling. They plan to hold it for years, even decades, and only gradually shave down positions over time.” To illustrate, he cited Harvard University’s endowment: “Their endowment purchased 1.9 million shares of iShares Bitcoin Trust, valued at $116.7 million in Q2.” That position—disclosed in a recent 13F—impressively demonstrates the institutional adoption of BlackRock’s IBIT. Consorti extended the long-horizon argument to treasury adopters: “These are firms holding Bitcoin on their balance sheets with no plan to sell. Ever… the serious players… are permanent fixtures in the market.” The implication, he said, is a visible evolution in market structure and tempo: “Instead of the violent booms and busts of earlier cycles, we’re seeing something new, which is a consistent uptrend punctuated by periods of consolidation, then rapid expansion, then consolidation again.” As supply becomes increasingly lodged with long-duration holders and the asset’s capital base thickens, “volatility naturally compresses, but upside doesn’t vanish. It just plays out in longer arcs, with bigger dollar moves and a slower tempo.” He added that this maturation is already noticeable as Bitcoin grows “beyond its current $2.4 trillion market cap,” even as he acknowledged that the fourth quarter will be the crucible for the cycle debate. “In Q4, that dynamic could be on full display,” Consorti concluded. A “mix of easing financial conditions, renewed institutional inflows post-summer, and persistent structural demand from ETFs, corporates, and high net worth allocators could set the stage for another leg higher and a banner Q4.” But his sign-off was deliberately non-deterministic: “Only after the fourth quarter of this year will we truly know whether or not the four-year cycle is truly dead and buried… We’ll just have to wait and see.” At press time, BTC traded at $119,068.

The Bitcoin Realized Price has surged above the asset’s 200-week moving average (MA). Here’s what could happen next, according to history. Bitcoin Realized Price Has Overtaken 200-WMA For First Time This Cycle As pointed out by analyst James Van Straten in a new post on X, the Bitcoin Realized Price and 200-week MA have seen a crossover. The “Realized Price” here refers to an on-chain indicator that, in short, keeps track of the cost basis of the average investor or address on the BTC network. When the value of this metric is higher than the spot price, it means the holders as a whole are in a state of net unrealized profit. On the other hand, it being under BTC’s value suggests the average investor is underwater. The 200-week MA, the other metric shared by the analyst, is a technical analysis (TA) pricing model that averages BTC’s closing price over the last 200 weeks. Since 200 weeks roughly equal four years, this indicator is used to gauge BTC’s trend shifts over a classic four-year cycle. Now, here is the chart shared by Van Straten that shows the trend in the Bitcoin Realized Price and 200-week MA over the past decade: As is visible in the above graph, the Bitcoin Realized Price has gone up over the past year, a natural result of BTC’s spot price following an uptrend. As investors trade at the higher prices, they reprice the cost basis of their coins higher as well, thus raising the market average. After the latest increase in the indicator, its value has surged above the 200-week MA. The last time that the former was higher than the latter was in the previous cycle. Back then, the crossover occurred in 2020, and the orientation was maintained until 2022. Interestingly, the timing of the crossover coincided with the start of that cycle’s bull run. In the 2017 cycle, no crossover preceded the bull run as the Realized Price never dipped under the 200-week MA, but a retest did occur, which sent the metric flying up alongside the spot price. “When the uptrend begins, so does the bull market,” notes the analyst. It now remains to be seen whether something similar as in the past would occur, with the Bitcoin Realized Price seeing a sustained surge above the 200-week MA. Speaking of bullish signals, Capriole Investments founder Charles Edwards has revealed that institutional buying represented 75% of Coinbase volume recently. Edwards has noticed an interesting pattern related to this metric. “All readings above 75% have seen higher prices one week later,” explains the analyst. BTC Price Bitcoin set a new all-time high above $124,000 on Wednesday, but the coin has plunged since then as its price is back at $118,300.

Bitcoin (BTC) surged to a new all-time high of $124,400 on early Thursday, fueled by strong institutional demand, bullish technicals, and favorable U.S. policy shifts. The move pushed the overall crypto market cap to a record $4.18 trillion. The rally followed a decisive breakout above key technical levels, including the 7-day SMA at $118,892 and the 200-day EMA at $101,566. The MACD histogram widened to its most bullish reading since July 2025, while the RSI14 at 68.5 suggests there’s still room before hitting overbought conditions. Fibonacci projections now place BTC’s next major resistance near $126,870. However, after briefly surpassing $124K, Bitcoin retraced to around $121,800, prompting traders to ask whether this is simply consolidation before the next surge. Institutional Demand and Policy Support Driving Momentum Corporate and institutional accumulation remains a major driver. SpaceX continues to hold 8,285 BTC worth over $1 billion, while Thumzup Media recently announced a $50 million crypto treasury. These moves mirror Metaplanet’s purchase of 2,205 BTC earlier this week. Political tailwinds are also in play. U.S. President Donald Trump’s administration has rolled back banking restrictions on crypto firms and signed legislation opening retirement accounts to digital asset investments. The GENIUS Act, introducing the country’s first federal stablecoin framework, has further boosted market confidence. ETF inflows have accelerated, with U.S.-listed Bitcoin ETFs pulling in over $1 billion in net weekly inflows. Total ETF holdings now stand at $154 billion, signaling deep institutional interest. Bitcoin (BTC) Pundits Eye $150K If Momentum Holds Despite a notable July sell-off by long-term holders, the largest since 2021, market analysts see the pullback as a healthy pause. Vikram Subburaj, CEO of Giottus Crypto Platform, views $120K as a new “sturdy floor” and $126K as the breakout point that could open the path toward $150,000. “With strong macro tailwinds, robust ETF demand, and rising corporate adoption, every dip may be viewed as a buying opportunity rather than a reversal signal,” noted Himanshu Maradiya, Chairman of CIFDAQ. If bullish sentiment persists, Bitcoin could soon challenge higher psychological levels, making this latest pullback less a warning sign and more a pit stop before the next leg up. Cover image from ChatGPT, BTCUSD chart from Tradingview

Mining technology company Advanced Navigation announced, as part of BHP’s Deep Mining Challenge, its Hybrid Navigation System was successfully deployed in Europe’s deepest mine in Pyhäjärvi, Finland at 1.4km underground. Pyhäsalmi is the deepest base metals mine in Europe, at a depth of 1,444 metres. The zinc and copper mine is located in the Northern Ostrobothnia province, owned by Canadian miner First Quantum Minerals. The system entered a completely new environment – no GPS, no fixed infrastructure, no maps – and returned with precise positioning data, proving that the future of fully autonomous mining is within reach, the company said. Challenges in underground navigation Navigating the vast subterranean network of the Pyhäsalmi Mine poses significant challenges. Located 1.4 km underground with a 63 degree latitude – just two degrees below the Arctic Circle, where traditional systems fail – the mine is completely impervious to GNSS signals, Advanced Navigation said. Its repetitive, multi-level tunnel network creates a high risk of visual disorientation, while its metallic ores distort magnetic fields and scatter radio waves. To overcome these conditions, mines typically rely on infrastructure-heavy solutions such as ultra-wideband beacons, Wi-Fi, 5G repeaters, or perception-based techniques such as SLAM (Simultaneous Localization and Mapping) which require cameras. These methods are costly to integrate and maintain, slow to install, and often unavailable in hazardous or unmapped zones where reliable navigation is most critical, the company said. The Hybrid Navigation System, combining a Laser Velocity Sensor (LVS) with the Boreas D90 fiber-optic gyroscope (FOG) Inertial Navigation System (INS), achieved consistent sub-0.1% navigation error across multiple runs, without relying on any fixed positioning infrastructure, pre-existing maps, or external aiding. “Unreliable navigation underground isn’t a minor technical constraint – it’s a major operational bottleneck,” Advanced Navigation product manager Joe Vandecar said in a news release. “Maintaining precision over a 22.9km subterranean course in Europe’s deepest underground mine demonstrates a level of performance that few systems in the world can rival without any prior intelligence of the environment,” Vandecar said. “These results prove we’re one step closer to unlocking scalable underground autonomy.”

Bitcoin (BTC) created a fresh all-time high (ATH) yesterday, touching $124,474 on Binance before stabilizing around $118,000 at the time of writing. Meanwhile, BTC reserves on Binance have surged significantly, raising concerns about a potential price correction. Bitcoin Reserves Spike On Binance: Time To Worry? According to a CryptoQuant Quicktake post by contributor Arab Chain, Binance’s Bitcoin reserves have seen a sharp increase in recent months. The exchange holds the largest BTC reserves, supported by its high liquidity and the largest trading volume in the market. From the end of July until today, Binance-based BTC reserves have reversed a previous downtrend, climbing to 579,000 BTC. Arab Chain shared the following chart illustrating how BTC reserves – after a period of scarcity – have reversed course and now signal a short-term warning. Notably, BTC reserves on Binance had previously declined by approximately 50,000 to 60,000 BTC, a 9% to 10% drop from the 2024 peak to the July 2025 low. Recently, reserves recovered slightly, rising by 25,000 to 30,000 BTC, an increase of 5% to 6%. Despite this recovery, BTC reserves remain well below the peaks of late 2024, indicating that structural scarcity has not yet fully dissipated. Arab Chain highlighted two potential reasons for the recent spike in reserves. First, profit-taking or short-term supply could increase when traders – including whales and market makers – deposit BTC on exchanges. They may do this to sell part of their holdings or to use the digital asset as collateral in derivatives markets. Second, a liquidity boost for BTC can occur when growing demand leads to the replenishment of liquidity pools. Market makers may also rebalance their portfolios to help smooth price spreads. The analyst concluded: In practice, if daily or weekly reserve increases persist alongside high positive funding rates and rising open interest, the likelihood of a short-term correction grows. However, if reserves stabilize or decline quickly, this would suggest renewed scarcity and a continuation of the uptrend. BTC Rally Losing Momentum? BTC pulled back from its recent ATH, trading slightly above $118,000 at the time of writing, signaling a short-term price correction. Some analysts warn that this might indicate the flagship cryptocurrency is losing momentum. In addition to rising exchange reserves, the Binance whale-to-exchange flow metric also points to increased selling pressure. The spike in Binance miner distributions reinforces this signal. That said, some analysts remain cautiously optimistic. Axel Adler notes that BTC’s current market structure makes a severe price correction unlikely. At press time, BTC trades at $118,464, down 0.8% in the past 24 hours.

Tron (TRX) has delivered one of its strongest performances to date, capping off a year marked by steady price appreciation and a landmark achievement — going public in the United States. The Initial Public Offering (IPO) represents a historic milestone for the blockchain network, signaling both its maturity and growing acceptance in traditional financial markets. For investors, Tron’s public listing in the US adds a layer of legitimacy and opens new pathways for institutional participation. Beyond its debut on the public markets, Tron’s on-chain performance and price trajectory have been equally impressive. According to data from CryptoQuant, the TRX rally has rewarded 1-year holders with gains exceeding +150%, reinforcing a sustained bullish market structure. Long-term holders have reaped the greatest rewards, benefiting from Tron’s consistent uptrend and resilience during broader market volatility. The network’s fundamentals remain strong, with robust transaction volumes, growing DeFi activity, and a leadership position in stablecoin settlements. These factors, combined with positive market sentiment and the credibility boost from its IPO, have created an environment in which TRX continues to attract both retail and institutional interest. Tron Rally Strengthens Across All Timeframes Tron is maintaining a powerful upward trend, recently breaking into new yearly highs and showing strength across multiple timeframes. Market data analyzed by on-chain expert Crypto Onchain highlights that momentum is not only intact but accelerating, a sign that buyer interest is growing rather than fading. Since late Q2 2025, TRX’s price action has been marked by a steady climb, with recent sessions showing sharper moves to the upside as renewed buying pressure enters the market. One of the most striking aspects of this rally is the performance of long-term holders. Investors who have held TRX for at least a year are currently sitting on gains exceeding +150% since the 2024 lows. This consistent profitability reinforces the value of patience and conviction, especially in a market known for volatility. It also provides a strong psychological foundation for further upside, as profitable long-term holders are less likely to sell prematurely. Mid-term metrics also tell a bullish story. Six-month and three-month returns have shifted from losses earlier in the year to solid gains, with their upward slopes reflecting a meaningful recovery in sentiment. This turnaround suggests that not only are long-term investors confident, but medium-term participants are also regaining faith in TRX’s trajectory. Short-term momentum remains slightly more volatile, but weekly returns are generally positive, with pullbacks quickly bought up — a hallmark of a healthy bull market. Unlike the sharp and unsustainable surge seen in January 2025, the current rally is broader, more stable, and supported across all holding periods. With strong foundations at every timeframe and +150% gains for 1-year holders serving as proof of long-term reward, TRX could be poised to challenge multi-year highs in the months ahead. TRX Weekly Analysis: Bullish Structure Points to Higher Levels TRX has been on a strong uptrend, with the weekly chart showing consistent bullish momentum since early 2024. The price is currently trading around $0.3677, marking an impressive +8.69% gain in the latest weekly candle. This level is just below the psychological $0.40 resistance, which could act as the next major test for bulls. The moving averages paint a clear picture of sustained strength. The 50-week SMA (blue) is far above the 100-week (green) and 200-week (red) SMAs, showing a well-established bullish structure. All three SMAs are rising, confirming the long-term trend’s health and signaling that any pullbacks might be met with strong buying interest. If TRX can maintain momentum and hold above $0.35, a move toward $0.40 and potentially $0.45 could be on the table. However, if sellers step in at current levels, a retest of the breakout zone could occur before the next leg higher. Overall, the structure remains decisively bullish. Featured image from Dall-E, chart from TradingView

Most Read: Imminent profit-taking in Cryptocurrencies – What's the story Ripple (XRP) is experiencing a lot of price swings on Thursday, affecting many major cryptocurrencies. Ripple has fallen as much as 6% as a host of factors plague the popular token. A stronger US Dollar did little to help the cause as markets priced in les aggressive rate cuts from the Federal Reserve. The move affected overall market sentiment and cryptos were no exception. However, XRP/USD is battling its own demons as news started circulating the web today around possible manipulation of the price. This added another layer of intrigue to Ripple which has been the talk of the town for the majority of 2025. Liquidations Surge CoinGlass data shows that $59.3 million was lost in the last 24 hours, with long position traders taking the biggest hit. Around $54.7 million in long positions were liquidated, compared to just $4.6 million in short positions. Could the rise in liquidations lead to a potential short squeeze? Either way a critical time ahead for XRP. Source: CoinGlass Validator Alleges Wash Trading Patterns On The XRP Ledger A validator on the XRPL network, called Grapedrop or Grape, has shared data claiming to show trading activity that could manipulate XRP's price. The data, shared on the social platform X, includes screenshots from the XRPL Console and examples of live transactions. It highlights unusually large and repeated transfers between exchange addresses, which the validator says leave a clear on-ledger trail. These payments often involve wallets controlled by exchanges, but the amount and frequency are much higher than regular retail activity. Screenshots show large, repeated transfers to and from these exchanges. For example, the Console data shows transactions of 3,018,977.72 XRP, 460,119 XRP, and 146,757.57 XRP, all moving between Binance-controlled wallets. This looks more like a planned pattern than normal trading by regular users. Grape explained that XRP's price is often based on volume-weighted averages. Moving large amounts repeatedly between exchanges can increase the volume numbers and affect how the market cap is calculated. This practice, called wash trading, is used to fake demand, tricking people or automated bots into buying the cryptocurrency. Grapedrop’s findings certainly raise concern, but they stop short of actually proving price manipulation. However, the significant drop in price today hints that market participants may be concerned about the findings. Open Interest Surges… Is a Major Move Coming? XRP's open interest has jumped past $3 billion after months of low activity. This is one of the highest levels in recent months, showing that traders are returning with leveraged bets. A rise in open interest means more traders are joining the market. It shows more activity and interest in the asset. This could mean more people are trading, there’s better liquidity, or there’s more speculation about price changes. Source: Cryptoquant The question is whether XRP/USD is attracting buying or selling interest and whether prices will bounce or continue the selloff. Let us see if the technicals can give us any other clues. Technical Analysis - XRP/USD From a technical standpoint, it looks like XRP/USD has just completed a lower high on the daily timeframe. This would hint that a lower low is on its way. The challenge lies in the key confluence level around the $3.00 mark. We have the ascending trendline and psychological $3.00 mark which should provide ample support. However, the size of the daily candle closed yesterday which was a bearish engulfing candle, hints at the potential for further downside. This coupled with the RSI period-14 crossing below the 50 level, a move which suggests shifting momentum. This leaves a critical day or two ahead for XRP prices as a break of the trendline and candle close below the $3.00 mark could lead to a decline toward the $2.40 breakout level in the coming days/weeks. Immediate support rests at $3.00 before the swing low from early August around the $2.75 mark comes into focus. A break of this level could lead to the $2.40 handle and beyond. On the upside, the $3.30 mark will be crucial. A daily candle close above this level will be the sign bulls need that momentum may be back. XRP/USD Daily Chart, August 14, 2025 Source: TradingView.com 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.

Log in to today's North American session Market wrap for August 14. The latest U.S. Producer Price Index offered the first tangible signs of tariff-led inflation taking hold, with headline PPI rising 0.9% MoM in July (vs. 0.2% expected) and up 3.3% YoY (vs. 2.5% expected). Core PPI followed a similar path, underscoring the early pass-through effects from recent import levies (3.7% on the y/y core data!) Risk appetite was muted, with Bitcoin, cryptocurrencies, and equities generally lagging as traders digested the inflation surprise and its implications for Fed policy. Crypto’s recent momentum cooled, with Bitcoin holding around $117,000 and altcoins drifting lower. Elsewhere, US Treasury Secretary Scott Bessent mentioned the idea of a national cryptocurrency acquisition, framing it as a potential strategic reserve in the digital era, but the headlines couldn't save the 4.50% correction in BTC. Read More: Imminent profit-taking in Cryptocurrencies – What's the storyCross-Asset Daily Performance Cross-Asset Daily Performance, August 14, 2025 – Source: TradingView US Oil was the only asset rebounding with the US Dollar while most risk-assets took a hit. Look at the cryptos! A picture of today's performance for major currencies Currency Performance, August 14 – Source: OANDA Labs The USD rebounded a bit from the data but most of the movement could be seen in tomorrow's session. 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. Overnight, markets will be watching Japan’s GDP and China’s industrial production for fresh clues on regional growth momentum. Friday’s session brings U.S. Retail Sales (8:30 AM ET) and University of Michigan inflation expectations (10:00 AM) —but all eyes will be on the Trump–Putin meeting in Alaska so don't forget to watch the headlines. 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.

Cardano (ADA) has surged past the $1 mark for the first time in months, gaining over 20% in the past 24 hours. The breakout, from $0.8454 to $1.01, signals renewed bullish momentum after a prolonged downtrend. ADA’s rally comes as traders spot a Golden Cross, when the 50-day moving average crosses above the 200-day, which historically has triggered explosive moves. In late 2024, this same pattern fueled a 236% rally, taking ADA from $0.39 to $0.93 in just 27 days. Applying similar gains to today’s prices points to a potential $3 target, a projection that has sparked excitement across the crypto community. Technical Levels Point to Higher Targets for Cardano (ADA) The immediate challenge for ADA is the $1.17–$1.18 resistance zone, which aligns with previous trendline caps. A decisive close above this range could open the path toward $1.24–$1.43. Analysts also highlight $1.50 and $2.00 as key psychological checkpoints before any $3 attempt. Momentum indicators are reinforcing the bullish outlook. The RSI has crossed above 50, while the MACD has made a bullish crossover, signals that previously led to rallies exceeding 170%. Historical patterns suggest that even a moderate follow-through could lift ADA toward $2.06 in the coming months. Support remains firm near $0.84, a level where buyers have consistently stepped in. As long as ADA holds above this zone, analysts expect further upside pressure. Could $3 Arrive Sooner Than Expected? Market sentiment is heating up, with some traders calling this ADA’s strongest setup in over a year. Crypto analyst Deezy predicts a $3 move in less than a month if momentum mirrors past Golden Cross rallies. Others, like Crypto Tigers, see potential beyond $3 should breakout volume remain strong. However, the road upward may not be without turbulence. Overbought conditions could trigger short-term pullbacks, especially around major resistance levels. Still, if Cardano maintains its breakout structure and rides the broader crypto market’s bullish wave, the $3 target may not be as far off as it once seemed. For now, ADA’s decisive reclaim of $1 marks a psychological victory for the bulls, setting the stage for what could be its most explosive run in recent memory. Cover image from ChatGPT, ADAUSD chart from Tradingview

Bitcoin’s performance in recent days has been nothing short of notable with an impressive rally. The leading cryptocurrency has managed to surge past $124,000 this week to register a new all-time high of $124,128 in the past 24 hours, according to CoinGecko data. Interestingly, technical analysis from a crypto analyst known pseudonymously as Stockmoney Lizards predicts that Bitcoin is now approaching a critical phase that will send its price over $300,000 by 2026. Bitcoin Reaches Pivotal Phase In Long-Term Trend Stockmoney Lizards shared a long-term Bitcoin macro chart that combines a price channel with a momentum oscillator in a post on the social media platform X. The analysis, which was done on the 2-week candlestick timeframe chart, shows that Bitcoin has been trading upwards within a rising parallel channel since 2012, with major cycle tops touching the channel’s upper resistance line. Recent price action has seen the Bitcoin price climbing toward the midline of the channel. According to the analyst, this is the most critical phase, and the current movement suggests it is about to repeat impulsive waves to the upside like both the 2018 and 2021 bull runs. Furthermore, the analyst pointed to a bounce on the oscillator at the bottom of the chart, much like it did in 2017 and 2020 before the rallies in the subsequent year. This oscillator, combined with recent technical factors, has led the analyst to forecast a potential base Bitcoin price target of $180,000 to $200,000 by early 2026, while leaving open the possibility of an even stronger rally. Path To A $300,000 Bull Case Although Stockmoney Lizards noted that Bitcoin has matured and its market behavior is no longer a perfect mirror of past cycles, the market still has room for a “my-neighbor-just-asked-me-about-Bitcoin” type of frenzy phase. This stage, which is going to be characterized by a surge in mainstream retail interest, will be the one to generate the needed parabolic price surge for the bigger bull case. If such a scenario unfolds, the analyst projected that Bitcoin’s bull case could extend beyond $300,000 before the current macro cycle peaks. Interestingly, the chart projection shows a price target as high as $350,000. Bitcoin is already up by about 107% in the past year. Its rally in the past weeks is based on a few factors ranging from expectations of Federal Reserve rate cuts to regulatory green lights for cryptocurrencies in retirement plans. A surge to $300,000 and $350,000 by 2026 would translate to another 145% and 188% increase, respectively, from the current price level. At the time of writing, Bitcoin is trading at $121,685, up by 1.8% in the past 24 hours. It has retraced by 1.9% from its new all-time high of $124,128 about seven hours ago.

USDJPY Tumbles After Bessent’s Comments on Japan’s Inflation Dollar to Yen – Did Bessent Signal a Weaker USDJPY? Reading Between the Lines The USDJPY pair dropped sharply after U.S. Treasury Secretary Bessent made remarks on Japanese monetary policy during a Bloomberg TV interview. Bessent stated, “They’re behind the curve,” referring to the Bank of Japan (BoJ), and revealed he had discussed Japan’s inflation challenges with Governor Kazuo Ueda. He added, “So they’re going to be hiking and they need to get their inflation problem under control.” On the surface, these comments appear to be a suggestion for the BoJ to tighten policy to combat domestic inflation. However, reading between the lines there may something more to it, a potential push for a stronger Japanese yen (JPY) against the U.S. dollar (USD). A Strategic Interest Rate Play? Bessent’s remarks come amid ongoing pressure from President Trump and the U.S. administration on the Federal Reserve to cut interest rates aggressively (that has so far fallen on deaf ears). If the Fed were to cut rates while the BoJ hikes, the interest rate differential between the U.S. and Japan would narrow, making the JPY more attractive and pushing USDJPY lower. This aligns with a long-standing belief that Trump favors a weaker U.S. dollar to boost American exports. A firmer yen would not only balance trade but also indirectly weaken the dollar without openly admitting to currency intervention. The BoJ’s Dilemma: Growth vs. Currency Strength The Bank of Japan faces a tough balancing act. On one hand, it wants to manage inflation. On the other, hiking rates while the Fed cuts could cause the yen to surge, hurting Japan’s export competitiveness, especially when tariffs are already in play. The recent U.S.–Japan trade deal, signed in July, capped tariffs on Japanese goods like autos at 15%, significantly lower than the feared 25% range. Still, a 10% fall in USDJPY would make Japanese exports to the U.S. more expensive. Combine that with a 15% tariff, and the effective cost could rise by 25%, impacting automakers and other exporters. Is There a Hidden Agenda? Why would Bessent highlight Japanese inflation instead of focusing on U.S. inflation risks from tariffs? This suggests a possible hidden agenda: pushing for a stronger yen and a weaker dollar without explicitly saying so. Or perhaps he is concerned at USDJPY’s recent attemot to trade higher. USDJPY WEEKLY CHART What It Means for Forex Traders For traders, the key takeaway is this: watch the policy signals, not just the headlines. If the Fed signals cuts while the BoJ hints at tightening, USDJPY could enter a bearish phase, with significant downside potential. This situation underscores how geopolitics, trade policy, and central bank moves intersect to drive forex markets. Traders should monitor: Fed meeting signals on rate cuts BoJ statements on inflation and rate hikes USDJPY technical support and resistance levels To sum up, Bessent’s remarks may have sounded like an ordinary inflation discussion, but the forex market sees a deeper play, a subtle push for a stronger yen and weaker dollar. Whether this is deliberate or coincidental, USDJPY traders need to stay alert for policy shifts that could redefine the currency pair’s trajectory. If Bessent’s comments were strategic, the goal might be clear by narrowing the interest rate gap, lift the yen, and indirectly weaken USDJPY. While he would never state this publicly, the implications may be evident to market participants. Dollar to Yen Take a FREE Trial of The Amazing Trader The post Did Bessent Signal a Weaker USDJPY? Reading Between the Lines appeared first on Forex Trading Forum.

According to Fundstrat research, Ether could climb much higher before the end of 2025, with price targets ranging from $10,000 to as high as $15,000. Reports show Ether jumped about 60% over the past 30 days and hit a four-year high near $4,770 in early trading, while other coverage put the token at $4,694 and noted a 78% surge over an eight-week stretch. Those moves have pushed Ether close to its all-time peak, and fund managers are taking notice. Fundstrat Targets And Rationale According to Fundstrat’s chief information officer Tom Lee and head of digital asset research Sean Farrell, institutional forces and new rules are key drivers. They point to stablecoin work and tokenized projects being built mostly on Ethereum, and they cite regulatory efforts such as the GENIUS Act and the SEC’s so-called Project Crypto as factors that could speed Wall Street’s move onto blockchain rails. Based on data, Ethereum holds a commanding 55% share of the $25 billion real-world asset tokenization sector, a stat that Fundstrat uses to argue for broader institutional adoption. Institutional Demand And Big Buyers Reports have disclosed large-scale corporate accumulation that several analysts say is taking supply off the market. BitMine Immersion Technologies has reportedly added about 1.2 million ETH since early July, leaving the company with roughly $5.5 billion worth of Ether on its books. Company stock (BMNR) has been volatile, with some coverage pointing to a 1,300% jump over a short period. Fundstrat and other observers say those kinds of corporate treasuries, combined with fresh ETF flows, could create a structural bid for ETH if the buying is sustained. Rachael Lucas, a crypto analyst at BTC Markets, described these positions as strategic and long-term, saying they remove “substantial liquidity” from trading pools. Market Momentum And Price Claims According to Fundstrat, Ether is outperforming Bitcoin this year. One set of figures put ETH’s year-to-date gain at 28% against Bitcoin’s 18%, while other reports more recently showed ETH up 41% YTD and Bitcoin up 30% YTD, with BTC trading near $121,000 in that snapshot. Based on reports, Fundstrat’s analysts view ETH as a major macro trade for the next 10 to 15 years if institutional and regulatory trends continue to push demand higher. Analysts caution that lofty targets will need sustained, large inflows to become reality. Watch for the pace and consistency of ETF flows, corporate treasury disclosures, and any regulatory moves around stablecoins and custody rules. There’s also a practical concern: big, concentrated buys can tighten markets quickly but may also reverse if sentiment shifts or liquidity needs change. According to analysis and public comments from Fundstrat, the bullish case for Ether is clear and backed by specific numbers: $10,000 to $15,000 targets, corporate treasuries holding millions of ETH, and rapid recent gains. Featured image from Meta, chart from TradingView

Gold was extremely overbought in the spring & due for a rest. It has corrected bullishly but is far from its 200-day moving average. Meanwhile, breadth indicators in gold stocks are flashing some warning signs. Let’s dig into both. We start with the quarterly chart of Gold. It’s not the end of the quarter yet, but the message from Gold’s quarterly RSI stands. Gold is very overbought. Considering quarterly RSI, Gold is as overbought as it was in 1972, 1973, and 2006. The other similar overbought points were later in secular bull markets. How do those points compare to the present? In 1972, Gold corrected 12% for 4.5 months and came within 3% of the 200-day moving average. In 2006, Gold corrected 23% for 5 months. In 1973, Gold corrected 28% for 5.5 months. At present, Gold is clearly closest to 1972. It has corrected 11% for nearly four months. There are two conclusions. First, after Gold’s failed breakout from last Friday, the correction figures to last longer and could come very close to testing the 200-day moving average. Second, if Gold begins another leg higher that exceeds $4000, then in 2026 there is a severe risk of +20% correction, ala 1973 and 2006. Turning to the present, we see Gold is $300 above its 200-day-moving average in the spot market and $280 above it in the futures market. The spot market could test $3275 again, and if that breaks, there is downside potential to $3150-$3200. In the spot market chart below, the 200-day moving average will surpass $3100 in September, around the time the correction turns 5 months old. Gold against the stock market closed at 0.52. It has a confluence of strong support at 0.50-0.51, which will be retested again. To confirm a trend change, we need to see the ratio close above 0.54. GDX closed at $58. The breakout from a 4-year-long base gives it a measured upside target of $63. The bullish percentage index, golden cross percentage, and percentage of HUI stocks above the 200-day moving average are all at 100%. Strong breadth is part of bull markets, and extremely strong breadth early in a trend is a very good sign. But extreme breadth that persists for a while can mark an interim or intermediate peak. The 20-day exponential moving average of new highs is at 17.8%. Those aforementioned peaks since 2016 came at 30%-35%. GDXJ closed just below $73. The breakout from a 4.5-year-long base gives it a measured upside target of $82. Below, we plot the 20-day exponential moving average of new highs in GDXJ and the 50-day exponential moving average of those new highs. The EMAs of new highs are at 13.8% and 10.4% respectively. The 23% correction in Q4 2024 reset this data for the strong move into April. Until the start of last week, GDXJ had gone nowhere for 3.5 months, and that allowed the data to reset again. The question is, if Gold corrects here into the end of summer, do miners make no progress? Or will they outperform like they have been in recent months? Finally, we look at how the miners are performing in real terms. GDX and GDXJ are correcting bullishly against the 60/40 Portfolio (60/40 PF). GDX against the 60/40 PF closed at 3.50. Holding above 3.00 puts the ratio in position to break out from a 12-year-long base. GDXJ against the 60/40 PF is right behind. It’s correcting bullishly, too. If the top chart were to break that base, then GDXJ against the 60/40 PF should run higher and test its 12-year-long base. Precious Metals are at an interesting spot. Gold has corrected for nearly 4 months yet remains overbought considering long-term RSI readings and its distance above the 200-day moving average. Meanwhile, the gold stocks have strongly outperformed during this period. Some breadth indicators are quite overbought from a short to medium-term standpoint. GDX against the 60/40 Portfolio is acting quite bullish and could threaten to break out from a 12-year-long base. That could initiate a major leg higher in the miners and juniors. Another month or two of correction in the sector, entailing Gold sniffing its 200-day moving average while the gold stocks correct and breadth cools off, would be a very welcome sign. One way to mitigate correction risk is to buy the right companies at good values. That’s what we do at TheDailyGold Premium. To learn the stocks we own and intend to buy with 5x to 10x potential, consider learning more about our premium service.

Cryptocurrencies are volatile investment assets, in case people forget. After multiple weeks of sensational rallying, particularly in altcoins, Cryptocurrencies have started to find some profit-taking from their renewed highs. Bitcoin originally led the way higher, marking its own ATH towards the last days of July (initially around $123,200). Hence, a $10,000 consolidation range followed, creating perfect conditions for altcoins to catch up—and Ethereum did not lose the opportunity, rising up to 33% in 12 days. Multiple headwinds had caused Cryptos to surge higher: between the US opening investment and regulations for institutions and the masses to invest much more freely in digital assets, the 2025 USD fall prompting diversification (especially if you add the increasing global government deficits), and a huge appetite for risk assets amid the AI/Tech boom, there was a lot to digest for people not exposed to cryptos. But this morning, some bad news knocked at the door of investors: Tariff-led inflation is starting to appear in the data. This morning's PPI report has scared markets, but equities are holding decently well compared to cryptos. For those who have not seen the preceding cycles, cryptocurrencies, being volatile and one of the most recent asset classes, tend to be sold off in advance, particularly as market levels and positioning reach some extreme form. It doesn't mean that the Bull market is over yet, but there are some signs of hesitancy from Market participants. Expect volatility to rise. and stay high. Read More: USDCAD pushes to attempt a break above 1.38 amid USD bullish pressure Let's take a look at the Daily picture for the Crypto market and then a few intra-day charts for some major cryptos with the ongoing selloff. A daily overlook on the Crypto Market Crypto Daily Performance, August 14, 2025 – Source: Finviz The picture is bloody – watch your risk. Cryptos have seen bigger moves than this in the past, up or down. The move is still decently high in terms of % change, prompting some consolidation. A few Cryptocurrencies intraday charts including BTC, ETH, XRP and SOLBitcoin 8H Chart Bitcoin 8H Chart, August 14, 2025 – Source: TradingView Bitcoin is seeing some heavy-selling, down around $7,000 from its most recent highs that got attained just yesterday evening. 8H RSI momentum is back to neutral but we will need to track if this is enough to stop the ongoing selling. Prices are currently entering the $116,000 to $117,500 Pivot Zone and with the MA 50, it will be key to watch if some dip buyers enter. If they don't the strength of the ongoing selling could point to a retest of the $110,000 Support. Levels for BTC trading: Support Levels: $116,000 to $117,000 Pivot$110,000 to $112,000 previous ATH support zone$100,000 Main support at psychological levelResistance Levels: Current all-time high $124,596Major Resistance $122,000 to $124,500$126,500 to $128,000 Fib-extension potential resistance (1.382% from April to May up-move)Ethereum 8H Chart Ethereum 8H Chart, August 14, 2025 – Source: TradingView Looking at this chart really shows a strong picture, but profit-taking is not too surprising at these levels – particularly as we come at the target of a measured move of the first impulse post Israel-Iran War lows. Do watch out for euphoric leveraged longs that have accumulated throughout the highs which may magnify the correction. For now, we are at 23.6% of the second move up or 13.6% of the total move. Watch the $4,200 level that served as consolidation before the run-higher for potential dip buying, but the way overbought RSI would need to get closer to neutral. Another key point to look at is a retest of the $3,900 – $4,000 pivot, a 61.8% of the whole move. Levels for ETH trading: Support Levels: $3,500 Support zone$4,000 Main pivot$4,200 consolidation zoneResistance Levels: Current highs $4,793$4,700 to $4,900 All-time high resistance zone$4,870 2021 recordPotential resistance at 1.618% Fibonacci extension of April to July up-moveSolana 8H Chart Solana 8H Chart, August 14, 2025 – Source: TradingView Watch for the most recent double top around $200. Levels for SOL trading: Support Levels: $180 to $190 Major pivotPivot turned support $165$140 to $150 Main supportResistance Levels: Current highs $209,69$200 Psychological Level$295 January 2025 All-time highsXRP 8H Chart XRP hasn't been able to hold the bullish support of the triangle formation mentioned in our last market overview. Watch momentum as it starts to get in bearish territory. Holding around $3.00 or just around it is still a decent sign and could be good for pullback buying if there are signs of rebound from here. However keep in mind that XRP is up 500% since November 2024 and 90% since April 2025, so further correction could be into play. Levels for XRP trading: Support Levels: Previous all-time Highs - $3.39 imminent resistanceCurrent ATH resistance around $3.66$4.00 to $4.30 Potential Resistance Resistance Levels: Current $3.00 Major Pivot Zone (Confluence with 4H MA 50 and 200)Resistance turned Support - 2.65May support 2.20 to $2.30 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.

Dogecoin’s bullish momentum is putting short positions under pressure as the price eyes a crucial $0.27 retest. A successful breakout above this level could spark a powerful multi-stage rally, opening the door to higher targets and renewed market excitement. DOGE/USDT Clears $0.2533 Resistance With Conviction GemXBT, in a recent update on X, highlighted that DOGE/USDT is showing a bullish trend after breaking above the key resistance level at $0.2533 with strong upward momentum. This breakout signals renewed buying pressure, as the price pushes beyond a level that had capped recent advances. The move suggests bulls are gaining control and could be preparing for further upside if momentum holds. According to the update, the 5-day moving average (5MA) has crossed above both the 10-day and 20-day moving averages. Such crossovers often reinforce the continuation of an uptrend, especially when supported by other confirming indicators. Volume has also been increasing alongside the price rise. Higher trading activity at elevated price levels shows that demand is growing, adding credibility to the upward move. This combination of technical strength and volume support positions Dogecoin for potentially sustained gains. However, GemXBT also noted that the Relative Strength Index (RSI) is approaching overbought levels, while the MACD is in positive divergence. These conditions suggest there is still room for more upside, but they also warrant caution for possible short-term pullbacks. Cup & Handle Emerges: A Textbook Bullish Signal For Dogecoin Examining the daily chart, RISK highlighted that Dogecoin is forming a classic cup-and-handle pattern, one of the most reliable bullish formations in technical analysis. Following a deep, rounded recovery from the June lows, the price is once again testing the $0.27 resistance zone, a level that has repeatedly capped previous rallies. The handle portion of the pattern is taking shape with controlled pullbacks and reduced trading volume. This behavior typically signals that sellers are gradually running out of steam while buyers quietly build positions. Such consolidation often precedes a breakout, as the market transitions from profit-taking to renewed buying pressure. If DOGE manages to break and close above the $0.27 resistance zone, the technical structure suggests that momentum could accelerate sharply. In this case, bullish targets would likely extend toward $0.31, then $0.39, and potentially $0.50 or higher as confidence grows among traders. For now, the broader outlook remains bullish as long as the series of higher lows on the chart stays intact. With the breakout scenario still firmly in play, Dogecoin is positioned for a strong upward move should buyers push it past the $0.27 key resistance barrier.

Orla Mining (TSX: OLA; NYSE: ORLA) said US authorities formally started the federal environmental impact process for the company’s South Railroad gold project in Nevada. The decision by the US Bureau of Land Management, dated Thursday, opens public scoping until Sept. 12 under the National Environmental Policy Act, according to a company statement. Orla, which expects to receive all required state and federal permits within 12 months, is targeting first gold in early 2028. “South Railroad is the next pillar in Orla’s organic growth strategy toward annual gold production of 500,000 ounces,” CEO Jason Simpson said in a Thursday press release. “We will work with our cooperating agencies to fast-track the timeline to onsite construction start, and ultimately first gold production.” Located 700 km northeast of Las Vegas, South Railroad is a low-complexity, feasibility-stage heap leach project. Orla is to update South Carlin’s mineral resource, reserve estimate and feasibility study before the end of the year. Orla’s Toronto-traded shares were up C$0.12 at C$13.50 in early afternoon trades Thursday. Project fast-track The South Carlin Complex covers 250 sq. km hectares on Nevada’s Carlin Trend, offering potential for resource growth and new discoveries. Detailed project engineering is underway, and long-lead equipment orders will begin this year to de-risk development ahead of expected final permits late next year. Orla says it has secured enough sage grouse credits and outlined plans to secure water rights for construction, operations, and reclamation. Mexico slide The Vancouver-based miner’s progress in Nevada comes as it works to rebound from a disruption in Mexico. On July 23, a rockslide on the north wall of the Camino Rojo oxide pit forced a halt to in-pit mining. Orla plans a 50–80-metre pushback to remove about 9 million tonnes of mainly oxidized ore grading 0.74 grams gold per tonne, which will be crushed and stacked on the leach pad. While no material was lost, the resequencing prompted Orla to trim the current production forecast to 265,000–285,000 oz. at all-in sustaining costs of $1,350–$1,550 per oz., down from 280,000–300,000 ounces. The impact is weighted to this year, after second-quarter production hit a company record 77,811 ounces. That included 52,666 oz. from Northern Ontario’s Musselwhite mine in its first full quarter under Orla. Exploration angle Orla also reported this month strong exploration results from Camino Rojo’s Zone 22, the vertical and down-plunge continuation of the sulphide deposit. A 15,000-metre infill program finished on July 18 found high-grade intercepts outside current resource panels. This includes 1.4 metres at 142 grams gold per tonne from a depth of 1,346 metres in hole CRSX24-36D. Another hole, CRSX25-47B, returned 10.5 metres at 0.4 grams gold per tonne from 1,071.5 metres depth, while hole CRSX25-50A returned 11.6 metres at 4.77 grams gold per tonne from 843 metres down. Orla has added 5,000 meters of drilling for the second half of the year. It’s also proposing an exploration drift, which will allow for closer underground drilling next year, pending permits. Zone 22 represents only 7% of the project’s indicated underground gold-equivalent resources. Any additional tonnes could greatly impact the mining method choices for the planned 2026 preliminary economic assessment. “The Zone 22 infill program has delivered consistent high-grade results, strengthening our resource model and reinforcing Zone 22 as key to Camino Rojo’s underground potential,” senior vice-president for exploration Sylvain Guerard said in an Aug. 7 news release. “With mineralization still open, we see strong upside for further growth.”

The US may offer Russia access to its critical minerals alongside other economic incentives in an effort to bring an end to the war in Ukraine, according to The Telegraph. The British paper reported on Wednesday evening that US President Donald Trump is prepared to let Moscow tap into its natural resources in Alaska and lift some sanctions on Russia’s aerospace industry. Another key element of the proposal is granting Kremlin access to rare earth deposits in Ukrainian territories currently under Russian occupation. The deal will likely be presented to Russian President Vladimir Putin during an upcoming meeting in Anchorage, says The Telegraph. The meeting, scheduled for Aug. 15, represents the first between the nations’ leaders since Trump’s re-election in 2024. US Treasury Secretary Scott Bessent is said to be coordinating the economic package, which could involve joint mining ventures to speed up the development of mineral deposits in Ukraine. The Eastern European nation is said to host significant deposits of critical minerals, most of which are unexplored. The Ukrainian Geological Survey estimates that its critical minerals account for 5% of the world’s total. Amongst the most prominent are graphite, with 19 million tonnes in reserves, and lithium, for which it holds about a third of Europe’s endowment. Other key minerals featured in the state agency database are copper, lead, zinc, silver, nickel, cobalt, manganese and rare earth elements. In addition to minerals on the ground, the US deal could also involve giving Russia development rights in the oil and gas-rich Bering Strait, a region estimated to hold 13% of the world’s oil reserves. UK officials told The Telegraph that the proposed measures may be acceptable to European leaders — many of whom had expressed concerns over Ukraine’s exclusion from the summit. Ahead of the summit, Trump told Fox News Radio that no comprehensive peace deal will happen without Ukraine’s participation. Meanwhile, European leaders and Ukrainian President Volodymyr Zelenskyy have strongly opposed any agreement that sidelines Ukraine or requires it to cede territory. Earlier this week, Trump held a video call with Zelensky and other European leaders, emphasizing that securing a ceasefire is the top priority of his meeting with Putin.

GBPUSD has retreated from a key swing high as US PPI data came in hot during the US session. The data saw a downward revision to rate cut bets by market participants and thus offering the US Dollar support. Hot US PPI Data. A sign of Things to Come? In July, the US Producer Price Index (PPI) rose by 0.9% compared to the previous month, which had no change. On a yearly basis, PPI increased by 3.3%, higher than the expected 2.5% and up from June's 2.3%. Core PPI, which helps calculate the Personal Consumption Expenditures (PCE) Price Index, jumped 3.7% annually, a big rise from June's 2.6%. The report shows that companies are passing tariff costs onto customers. The reason this has not yet been felt by consumers or reflected in the CPI could be two fold. It could be that the costs have not filtered through on the consumer side yet and we will see an uptick in the months ahead. The other reason could be that the increases here could be offset by declines in other areas when calculating the CPI number. Either way, today's data adds a new dimension to discussions and comments yesterday by US Treasury Secretary Scott Bessent who said companies are absorbing the tariffs. For more on this, read US Dollar Index (DXY) at Risk of Freefall. Key Confluence Level In Play Additional data boosted the Dollar, as Initial Jobless Claims for the week ending August 9 came in at 224K, better than the forecast of 228K and the previous 226K. Continuing Claims, which had raised concerns about a slowing job market, dropped slightly from 1.964 million to 1.953 million. UK Posts Reasonable GDP Number in the Face of Headwinds The UK’s 0.3% growth in the second quarter seems decent, especially after the stronger 0.7% in the first quarter, which was boosted by US tariff changes and a stamp duty deadline. A strong June and revised April data helped lift the numbers. However, the growth isn’t as solid as it seems. Much of it came from government spending on vaccinations and volatile factors like inventories, while household spending and business investment were weaker than earlier in the year. The Bank of England isn’t putting much weight on these figures, noting that the economy barely grew in the first quarter despite strong GDP numbers. Growth has also tended to be stronger in the first half of the year and weaker in the second, possibly due to issues with how the data is adjusted. Despite the concerns by the Bank of England, the latest LSEG data has markets only pricing in only 15 bps cuts through to year end. If this comes to fruition and we get two more rate cuts from the Fed, GBP/USD could be in for further gains as the year progresses. Given that this is data dependent and ever evolving i would suggest caution and paying close attention to the data and rate cut expectations for both Central Banks moving forward. US Data Ahead The week draws to a close with some high impact US data which could stoke some volatility. Retail sales will give a glimpse to consumer demand but the bigger one could be the Michigan Consumer Sentiment data. It will be interesting to see where survey respondents see inflation expectations over the 12 months in particular. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Technical Analysis - GBP/USD GBP/USD has been on a tear since bottoming out on August 1, after the surprising jobs data. The move higher has been swift as rate cut bets added further fuel to the rally. A sign of the momentum is evident in the fact that we have had one bearish day in the last 9 trading days. The swing high at 1.3584 was a significant level which started the initial aggressive selling we saw in the last week of July. Today it appeared as though GBP/USD was on its way to break this level which would have confirmed a change in character and put bulls firmly in charge. The rejection has however proved to be a timely one, keeping the bearish trend intact. The next move is however a mystery. Price is currently approaching the key pivot at the 1.3500 handle, with a candle close below opening up a retest of support at 1.3380. A break above the 1.3584 handle brings the resistance handle around the 1.3700 handle into focus. GBP/USD Daily Chart, August 14, 2025 Source: TradingView.com Support 1.35001.33781.3200Resistance 1.35841.36801.3750Follow 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. 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The XRP price has broken out of a 7-year Double Bottom pattern, signaling what analysts predict could be the start of a major long-term rally. According to reports, a breakout and successful retest of this long-standing chart pattern could set the stage for a massive surge toward $36, ultimately repeating the bull rally seen during the 2014-2017 cycle. XRP Price Eyes $36 After Double Bottom Breakout Crypto analyst Gert van Lagen has drawn attention to a rare and potentially explosive technical event currently unfolding on the two-week XRP price chart. According to his analysis posted on X social media, XRP has successfully broken out of a massive 7-year Double Bottom formation—a pattern that typically signals long-term reversal from bearish to bullish market conditions. Based on the analyst’s chart, XRP had breached the neckline of this Double Bottom pattern after years of accumulation, following up its momentum with a textbook retest that confirmed the breakout. This retest, occurring at a critical price point, has historically acted as the final validation before a sustained rally. Lagen has also compared the current cycle with that of the 2014-2017 phase, indicating that XRP’s price action could be repeating similar strong bullish patterns that emerged during that period. The chart suggests that XRP is poised to clear its former all-time high of $3.84, potentially removing one of the most significant technical barriers in its history. With the resistance level now flipped into support, Lagen’s price projection points to an initial target of approximately $36. This level aligns with the 2.00 Fibonacci Extension of the Double Bottom pattern. Notably, the expert’s analysis implies that XRP’s current momentum is not just a short-term spike, but likely the early stages of a multi-month, possibly multi-year climb. If the structure follows past patterns and continues to play out as Lagen predicts, XRP could be on track to deliver one of its strongest bull runs since the 2017 rally. XRP Mirrors Ethereum’s 2017 Breakout Pattern In a separate bullish analysis, a crypto analyst identified as ‘Shibo’ on X compared XRP’s present market behavior to Ethereum’s historic breakout in 2017. His side-by-side chart shows an almost identical technical progression involving an extended consolidation phase forming a base, followed by a decisive breakout at a clearly defined resistance level. In Ethereum’s case, this move triggered an extraordinary rally from sub-$20 levels to more than $1,400 in under twelve months, marking one of the most explosive advances in crypto history. Shibo argues that XRP is now positioned in the same “breakout zone” that the ETH price occupied before its parabolic surge. Based on this chart historical pattern, the analyst has forecasted a rather ambitious price target for XRP. He believes that the cryptocurrency could see a massive surge to $589, representing an eye-watering increase of 18,084%.

The United States signaled a renewed interest in partnering with Pakistan on critical minerals and hydrocarbons, with Secretary of State Marco Rubio highlighting the potential for joint economic ventures in a statement marking Pakistan’s Independence Day. The announcement comes amid a thaw in Washington–Islamabad relations and follows a recent trade agreement that Pakistan says will lower tariffs and attract greater US investment. Pakistan’s Commerce Minister Jam Kamal indicated that US companies will be offered opportunities in Balochistan’s mining sector, including lease concessions and joint venture arrangements with local firms. Balochistan and the Reko Diq advantage Balochistan hosts some of Pakistan’s most significant mining assets, among them Reko Diq, one of the world’s largest undeveloped copper-gold deposits. Operated by Barrick Gold (NYSE: B) in partnership with the governments of Pakistan and Balochistan, the project is forecast to generate over $70 billion in free cash flow and $90 billion in operating cash flow across its lifespan. A recent feasibility study expanded throughput expectations: Phase 1: Increased from 40 to 45 million tonnes per year, now estimated to cost $5.6 billion (up from $4 billion). Phase 2: Will process 90 million tonnes annually (up from 80 million). The mine’s operating life was adjusted from 42 years down to 37 years, though untapped mineral resources could stretch that to as much as 80 years. Production is targeted for 2028, with Phase 1 financing currently under negotiation with multiple international lenders. The renewed focus on Pakistan’s mineral wealth aligns with US efforts to diversify critical mineral supply chains, traditionally dominated by China. This policy shift is occurring as relations between Washington and Islamabad improve, following years of strain over Afghanistan and US strategic alignment with India. Moody’s upgrade signals financial stability In a parallel development, Moody’s Ratings upgraded Pakistan’s credit rating from Caa2 to Caa1 with a stable outlook, citing improved financial stability supported by IMF lending. Analysts expect Pakistan to meet external debt obligations in the near term, though the country’s debt affordability remains one of the weakest among rated sovereigns. The upgrade has already buoyed Pakistan’s dollar bonds, further supporting Islamabad’s case for attracting large-scale mining and infrastructure investment. (With files from Reuters and Bloomberg)

Equinox Gold (TSX, NYSE-A: EQX) surged to its highest in over three years after reporting second-quarter earnings results that beat analyst estimates while offering a positive outlook on the rest of the financial year. For the three months ended June 30, the Canadian gold miner produced a total of 150,849 oz. across its operations, representing a 23% increase over last year and 4% higher than the previous quarter. This output excludes contributions from the Nicaragua operations and the Pan mine in Nevada that it acquired from Calibre during the quarter. The strong Q2 results, says Equinox CEO Darren Hall, are led by the Greenstone mine in Ontario, where mining rates increased 23% and processing rates improved 20% over the first quarter. The higher production, coupled with a higher realized gold price of $3,207/oz., lifted Equinox’s quarterly revenue by nearly 78% and reversed its adjusted net income from a $46.4 million loss last year to a $56.7 million profit. On a per-share basis, the net earnings came to $0.11, easily beating analysts’ consensus of $0.02 a share. Following the Q2 results, shares of Equinox jumped as much as 13% to C$10.75 apiece, the highest since April 2022. By 11:30 a.m. ET, the stock traded at C$10.59, with a market capitalization sitting just over the C$8 billion ($5.8 billion) mark. BMO Capital, on the back of the new quarterly results, has raised its price target for Equinox to C$13 a share from C$11.50 previously. Strong second half In the Thursday release, Hall said Equinox is now entering a pivotal phase of growth and is expecting a strong second half of the year as it continues to ramp-up operations at Greenstone. The mine, which entered commercial production in November 2024, is expected to become one of Canada’s largest open-pit gold mines once in full production, averaging 330,000 oz. of production a year. The company will also have full-quarter contributions from the newly acquired Calibre assets, which had 71,743 oz. of production prior to the transaction close. “If the Calibre transaction had been effective from January 1, 2025, our pro-forma consolidated revenue for the first half would have been approximately $1.33 billion,” Hall said. Following the acquisition, Equinox issued in June a new full-year guidance of 785,000-915,000 oz., which it expects to meet. However, the Castle Mountain and Los Filos mines, with a combined 3,470 oz. of output last quarter, were excluded. Also not included in this guidance is the Valentine mine in Newfoundland and Labrador, which is expected to enter production in the third quarter. According to Hall, this quarter will be an “inflection point” for the company, driven by “full-quarter contribution from the Calibre assets, first ore processed at Valentine and continued improvement at Greenstone.”

Bitcoin surged to a fresh all-time high of $124,500 just hours ago, but the celebration was short-lived as the price quickly retraced to the $121,500 level. The sudden pullback has split market opinion: some analysts interpret the drop as a sign of waning momentum, while others see it as a healthy pause before another breakout attempt. Adding to the intrigue, key data from CryptoQuant reveals that BTC volatility — measured by the 30-day Price High & Low metric — has compressed to its lowest point in two years. This metric tracks the range between Bitcoin’s rolling 30-day high and low, and its current tight squeeze suggests a rare balance between supply and demand. Liquidity has been clustering above local highs near $120K and below recent lows around $113K, creating a coiled-spring effect in the price structure. Historically, such volatility compression phases often precede significant range expansions. The question now is whether Bitcoin will break upward, continuing its long-term bull trend, or slip into a deeper correction if selling pressure gains traction. With the market sitting near record highs and volatility at multi-year lows, traders are bracing for what could be the next decisive move in Bitcoin’s 2025 rally. Bitcoin Volatility Compression Signals Imminent Move According to top analyst Axel Adler, Bitcoin’s 30-day Price High & Low metric is showing one of its tightest readings in years. The range between BTC’s rolling 30-day high and low has narrowed significantly, while the bands themselves — representing the rolling maximum and minimum prices — have compressed tightly around the current price. This pattern is a textbook sign of volatility contraction. Adler explains that such compression typically reflects a balance between supply and demand and a period of low realized volatility. In this phase, liquidity tends to concentrate just above local highs, currently around $120,000, and just below local lows, near $113,000. This creates a situation where price movement is contained within a narrow band, with traders positioning themselves on both sides in anticipation of the next breakout. The coming days will be critical in determining Bitcoin’s short-term structure. If BTC can break above the $120K–$124K zone, it could trigger another leg higher in its uptrend. However, a breakdown below $113K would increase the risk of a deeper correction, potentially shifting market sentiment. Price Analysis: Testing Critical Resistance Zone On the 8-hour chart, Bitcoin (BTC) is trading at $121,596, down slightly by 0.14% after hitting $122,609 earlier in the session. The move comes just a day after BTC briefly broke above the key $123,217 resistance level, approaching the $124,000 psychological barrier before pulling back. This zone remains the most significant obstacle for bulls, as it has capped upward moves multiple times. Price action shows BTC maintaining a bullish structure above its major moving averages — the 50 SMA ($116,948), 100 SMA ($117,653), and 200 SMA ($112,495). This alignment signals continued strength in the medium term, with the 50 SMA acting as immediate dynamic support. The repeated tests of the $123K area suggest that market liquidity is heavily concentrated here. A decisive breakout and sustained close above $124K would likely trigger momentum buying and open the door to new all-time highs. Conversely, a failure to reclaim $123K could lead to renewed selling pressure, with initial support at $120K and deeper support near the $117K–$118K range. Featured image from Dall-E, chart from TradingView

This morning's massive beat in the Producer Price Index (PPI) sent markets rattling as we get to see the first real effects of tariffs-led inflation on data. You can access the details of the PPI report right here. The US Dollar is strengthening from the higher yields and lower rate cut expectations, particularly as it stands around the lows of its ascending channel – Take a quick look at the Dollar Index chart: Dollar Index (DXY) Daily Chart, August 14, 2025 – Source: TradingView Canada hasn't seen particularly outstanding data in the past few months and has largely been following the US Dollar in the ongoing regional trend in Forex: Currencies have been moving in relative tandem where APAC currencies would mostly be moving together, same for European currencies, et cetera. That is making the Loonie relatively weaker, particularly after getting dragged down by a weaker USD since the beginning of August – EURCAD is for example back towards the high 1.60s after a failed lower-break attempt. Let's have a look at the North-American pair by excellence, the USDCAD to spot our edge for upcoming trading. Read More: Dow Jones and US stocks open lower after massive PPI beatUSDCAD Technical AnalysisUSDCAD Daily Chart USDCAD Daily Chart, August 14, 2025 – Source: TradingView The NA pair hasn't managed to form any trending action since the end of July, which also coincided with a major peak in the Dollar Index. Since, prices have moved around 1,500 pips from the 1.3870 August 1st highs – But the ongoing USD strength may try to push the pair to retest these highs. Let's have a closer look to spot if bulls can manage to break the consolidation region. USDCAD 4H Chart USDCAD 4H Chart, August 14, 2025 – Source: TradingView Looking closer to the 4H charts show rangebound action between 1.3720 August lows to the 1.38 immediate resistance zone. However, we could see a head and shoulders pattern developing, which would take the pair to a test of its August 1st highs. Sellers have stepped in to bring the pair back into the range – Look at a daily close above 1.38050 for higher odds of continuation. On the other hand, bears would like to see a close below 1.38; a push below 1.3750 would invalidate the Head and Shoulders and would tilt the momentum a bit more bearish. Levels to watch for USDCAD: Resistance Levels Support Levels June/July range highs turned pivot 1.37501.3660 intermediate support1.3550 2025 Main SupportUSDCAD 1H Chart USDCAD 4H Chart, August 14, 2025 – Source: TradingView The 1H Chart does not offer much else in terms of price action except for an ongoing higher retest from the USD after hitting lows 1.3790 hourly lows from overbought levels. I would suggest to keep an eye on the US Dollar for the session, as it (if it does) rises, it may also drag down risk-assets liek what's currently ongoing in Crypto. 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.

On 14 August 2025, Binance reopened access to its suite of “Earn” products for eligible users in the UK following regulatory approval. Binance’s ongoing compliance reset is to mainly restore access to its full range of Binance Earn offerings for qualifying UK investors. “Professional investors in the UK have been asking for access to our Earn products, and we are excited that today we can deliver that in full compliance with local regulations,” a Binance spokesperson said. “These are sophisticated clients who understand the asset class and want innovative, flexible tools to grow and manage their crypto portfolios.” Binance’s move reverses restrictions introduced during a prolonged period of regulatory tightening in the UK that caused crypto promotions and product lines to be curtailed. So what does the reopening suggest? Binance has implemented required consumer-protection and marketing compliance measures to align with the UK rules. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in August 2025 UK Is Tough Jurisdiction For Crypto Marketing Rules The UK has been a rather tough jurisdiction, specially for crypto marketing rules, after the Financial Conduct Authority (FCA) introduced strict “financial requirements” in 2023. This impacted feature availability across major exchanges. Earn products such as savings, staking, and other yield-related offering had been limited or halted for UK users. This affected retail participation. “Staking is unique because it’s not just about returns,” the Binance spokesperson said. “It’s about alignment. Professional investors see it as a way to actively contribute to the long-term success of the networks they believe in, while earning yields that can outperform traditional fixed-income products.” DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 UK to Cap Bank Crypto Holdings at 1% by 2026 The Bank of England is setting the stage for a big change in how British banks interact with cryptocurrencies. Starting in 2026, banks will face new limits on how much digital asset exposure they can take on. The move is part of a wider push to reduce risk and keep the traditional financial system from being rattled by crypto’s ups and downs. Transparency is an important part of the Bank of England crypto framework, with banks required to disclose their crypto activity in detail. David Bailey, director of prudential policy at the Bank of England, explained the thinking behind the restrictions. In short, volatile assets like Bitcoin are too unpredictable to form a big chunk of a bank’s portfolio. Bailey called for a “conservative approach,” saying banks need to manage crypto in a way that protects both themselves and their customers. Read More: Bank of England Crypto Rules Set 1% Cap for 2026 Key Takeaways The relaunch underscores Binance’s strategy to re-enter key markets by meeting local regulatory expectations, a continuation of its broader efforts to standardize compliance after a turbulent 2023–2024 marked by leadership changes, settlements, and jurisdiction-specific restrictions. The FCA’s financial promotions regime for crypto, enforced from October 2023, introduced obligations around approved promotions, fair and clear communications, prominent risk warnings, and enhanced investor protections such as cooling-off periods for first-time retail customers. The post Binance Restores “Earn” Products for UK Users After Regulatory Green Light appeared first on 99Bitcoins.

Bitcoin fell sharply Thursday after the US Treasury made clear it will not add to a planned Bitcoin reserve through new purchases. Prices had earlier rallied to an intraday high near $124,120, but traders saw gains reverse and the token backpedaled to around $118,550 later in the session. Markets were jittery, and parts of the crypto futures market saw forced liquidations during the sell-off. Treasury Rules Out New Buys According to reports, Treasury Secretary Scott Bessent told Fox Business the government will not be buying additional Bitcoin for the reserve and that future additions will come from confiscated assets. “We’re not going to be buying that,” he said, and he added the Treasury would “stop selling” holdings it already controls. Bessent estimated the reserve’s current value at somewhere between $15 billion and $20 billion. The comments stand in relief to an earlier move by US President Donald Trump, who issued an executive order asking for budget-neutral plans to grow strategic Bitcoin holdings. Market Reaction And Price Swings Based on reports, the sell-off erased a chunk of Thursday’s gains. One feed showed Bitcoin drop from about $121,050 to $117,201 within an hour, while other data points put the low near $118,460. Trading platforms recorded a wave of liquidations estimated at roughly $450 million around the same time. Traders said the sudden shift was driven by the clarity in policy — investors had been pricing a possible government buyback program into earlier optimism, and that expectation faded after Bessent’s remarks. Macroeconomic Signals And Tariff Revenue Reports have also disclosed that Bessent linked some balance-sheet plans to rising tariff collections, saying July brought nearly $30 billion in tariff revenues. Bessent suggested annual tariff receipts could top a previous projection of $300 billion, a figure he said could help fund other asset strategies. The timing of his comments also came as US data showed the Producer Price Index rising 3.3% year-on-year and 0.9% month-on-month for July, numbers that add to the broader economic backdrop investors are watching. Confiscated Assets Versus Direct Purchases The Treasury secretary’s note that confiscated assets will be used to grow the reserve shifts the funding model away from direct Treasury buys. For now, that means any further increase in the reserve would be gradual and dependent on law enforcement recoveries rather than market purchases. Market participants said that stance removes a clear, predictable buyer from the market, which can make price swings larger over short windows — exactly what traders saw on Thursday. Featured image from Unsplash, chart from TradingView