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What’s interesting today? We know Bullish Exchange has been making headlines with its stock launch on the NYSE. Bitcoin is breaching its ATH, but such sleeper coins, both HYPE and ADA, are taking the crown for crypto top gainers. Cardano jumped, climbing 15% to settle at 95 cents. Grayscale’s ETF filings are likely one of the main reasons for its pumps. On the other hand, Hyperliquid, with its HYPE, followed suit, up six percent toward $48, squeezing shorters. All eyes have been on ETH ▲2.06% , SOL ▲1.87% , and BTC ▲1.30% , but ADA ▲13.24% , HYPE , and even BNB ▲2.14% are making big moves unexpectedly. These moves always happen in every cycle when smaller coins chase Bitcoin’s lead. CardanoPriceMarket CapADA$35.01B24h7d30d1yAll time EXPLORE: Best New Cryptocurrencies to Invest in 2025 Besides Solana Ethereum Closing in on ATH, BTC Already at ATH, ADA and HYPE Records Double-Digit Gains Ethereum sits at above $4,700, just three percent shy of its peak in 2021, and is expected to breach it soon. ETH ETF inflows hit two billion this week, rocketing the altcoins market. With Bitcoin steady above 120 grand, capital shifts are forcing the altcoin phase like every cycle. As expected, Bitcoin dominance dipped to 59 percent and is going down as funds rotate into smaller-cap alts. The Altcoin Season Index has also climbed to 41, up sharply from last month’s lows. The altcoin show is just about to begin, if not already rolling. Cardano’s rally, although tied to ecosystem growth, the Grayscale ETF has pushed ADA to an unexpected height, all while Charles is doing all his meditations. Hyperliquid thrives on zero-gas trades, drawing liquidity like a magnet in perpetual trading, especially with support from crypto wallets such as Phantom. (HYPEUSD) Ethereum with its strength as usual, has pulls others along, with Layer-2s fees keep dropping and TVL nearing records high. 5K is not a distant dream for Ethereum, and even some say $10K is a possibility this year. It is a fact that the current ETH setup recalls past bull run where ETH broke first. Once not if, BTC dominance slips below 55 percent, altseason will accelerate, targeting 100 percent gains in some tokens, even thousands of percent gains in smaller cap. As now, Cardano is eyeing another pump, and Hyperliquid targets $70. And Ethereum might top $7K by year-end with BTC going $130K. Sustained inflows on altcoins are keeping the fire lit, and bigger waves are coming. DISCOVER: Best Meme Coin ICOs to Invest in Today Join The 99Bitcoins News Discord Here For The Latest Market Updates 9 minutes ago Tron Founder Justin Sun Sues Bloomberg Over Crypto Asset Disclosure By Akiyama Felix In other news, a big headline comes from Tron’s founder Justin Sun. Sun filed a lawsuit on 11 August 2025 in the US District Court for the District of Delaware, claiming Bloomberg’s disclosure of his crypto holdings undermines his privacy and could potentially put him and his family at risk. According to Sun, Bloomberg approached him earlier this year to include him in its online Billionaires Index, where it ranks some of the world’s richest individuals. Sun claims that he only agreed to participate after Bloomberg assured him that they would keep all asset disclosures, particularly the ones tied to his crypto holdings, strictly confidential and would use them solely to verify his net worth. Read the full story here. The post [LIVE] ADA and HYPE Record Highest Crypto Gain Today: Altcoins Season Coming as ETH Nears ATH appeared first on 99Bitcoins.

Following the European Union’s (EU) recent decision to impose sanctions on several Chinese entities over alleged facilitation of sanctioned cryptocurrency transactions involving Russia, Beijing has moved quickly to issue retaliatory measures of its own. China’s Ministry of Commerce condemned the EU’s sanctions as “politically motivated” and “lacking factual basis.” On 13 August 2025, China announced countermeasures against two Lithuanian financial institutions after they listed two Chinese banks in its sanctions against Russia. According to local media reports “organizations and individuals in China are prohibited from engaging in related transactions, cooperation and other activities with the two EU financial institutions, namely UAB Urbo Bankas and AB Mano Bankas, the ministry said, citing the country’s Anti-Foreign Sanctions Law and the regulation on implementing the law.” EXPLORE: A New World Currency is Shaping Through BRICS And Is Here New Front Has Opened In Already Tense Relationship Between China And EU In early August, the EU unveiled a package of expanded sanctions aimed at tightening pressure on Russia’s war effort in Ukraine. It included blacklisting of several Chinese companies and individuals accused of helping Moscow circumvent restrictions by enabling crypto transfers pegged to sanctioned entities. The EU regulators alleged that these firms provided wallets, OTC services, or mixing tools to process digital assets linked to Russian interests. Previously, the sanctions targeted Russian exchanges and crypto facilitators directly. However, this is the first time China-based institutions have been included in the list. Chinese officials have warned of “necessary countermeasures” to protect the “legitimate rights and interests” Chinese enterprises. Apparently, China is said to be reviewing technology export licenses and imposing tighter scrutiny on EU-based blockchain and fintech companies operating in the Chinese market. Chinese regulators are allegedly auditing EU-linked banking partners that have exposure to Chinese crypto-adjacent companies. DISCOVER: 7 High-Risk High-Reward Cryptos for 2025 Will China Accelerate Promotion Of Cross-Border Settlements In e-CNY? Countries like China, Russia, and Iran are creating their own global currency called BRICS. BRICS stands for Brazil, Russia, India, China, and South Africa. And more than a dozen other countries have already signed on. Independently, these countries are dwarfs to the US. But together, they represent 40% of the world’s population. According to the IMF, BRICS will represent 50% of the world’s GDP by 2030. The US is no longer holding all the cards at the global table. In 2025, the world is G7 countries like Canada, France, Germany, Italy, Japan, the UK, US and the European Union, vs. BRICS. Like BRICS, the G7 countries control 40% of the world’s GDP. This is also why, only two years ago, China was taking an active role in the negotiations between Saudi Arabia, the second largest oil hegemon, and Iran, the 14th largest economy in the world. If this were a kickball game, we’re seeing China recruit the teams and set up the field while America still picks dandelions. DISCOVER: Top 20 Crypto to Buy in 2025 Key Takeaways China is said to be reviewing technology export licenses. The country is imposing tighter scrutiny on EU-based blockchain and fintech companies operating in the Chinese market. State regulators are allegedly auditing EU-linked banking partners that have exposure to Chinese crypto-adjacent companies. The post Crypto Sanctions War? China Counters EU’s Measures With Retaliatory Action appeared first on 99Bitcoins.

The DAX Index has continued to edge higher in the European session. Investors are keeping an eye on economic data, company earnings, and global events, as Presidents Trump and Putin are set to meet tomorrow. Optimism is also growing with expectations that the Fed will cut interest rates by 25 basis points next month. Euro Area GDP and Industrial Output Euro zone industrial production fell more than expected in June, even though the economy grew steadily in the second quarter. The data may raise doubts about the 20-nation currency union's ability to withstand the effects of a global trade war. Industrial output dropped by 1.3% in June, mainly due to a sharp decline in Germany and weak consumer goods production, missing expectations of a 1.0% fall, according to Eurostat data on Thursday. Adding to the disappointment, Eurostat revised May's output growth down to 1.1% from 1.7%, showing the trend is weaker than expected. Meanwhile, GDP grew by 0.1% in the second quarter, matching earlier estimates, and employment also rose by 0.1%, as predicted, but this was slower than the 0.2% growth in the previous quarter. Recent positive data, like purchasing managers' indexes (PMI) and the European Commission's sentiment report, suggested that consumer spending was helping the euro zone handle trade tensions. However, newer figures, such as industrial orders and a key sentiment report from Germany, have cast doubt on this optimism. Despite this, investors remain hopeful for a slight recovery, supported by the recent EU trade deal with the U.S., which brings more stability, and Germany's plans to significantly increase government spending to boost growth. Despite the data the DAX continued its advance today as market participants appear to have shrugged off any concerns. Among individual shares, top gainers include Airbus SE, Vonovia SE and Rheinmetall AG with gains of 1.7%, 3.23% and 2.16% respectively. Technical Analysis - DAX Index From a technical standpoint, Looking at the daily chart below and we seem to be trading in a bear flag pattern at the moment. In theory, such a pattern is a precursor for a bullish breakout but the top end of the pattern rests some 140 points away. The period-14 RSI has bounced off the 50 level indicating some bullish momentum for the index moving forward. DAX (Germany 30) Daily Chart, August 14, 2025 Source: TradingView (click to enlarge) Now dropping down to a two-hour chart and we have broken out of what appears to be a bull flag/triangle pattern. Measuring the mouth of the pattern market participants could plot a potential target around 400 points away. However, the daily chart above will bring some stern resistance between 100 -150 pints away from current price. In theory an initial move higher could still bring gains of around 100-150 points, while a break above the bull flag on the daily, coil lead to a retest of the all-time highs at 24650 DAX (Germany 30) Two-Hour (H2), August 14, 2025 Source: TradingView (click to enlarge) Client Sentiment Data - DAX Index (GER30) Looking at OANDA client sentiment data and market participants are Short on the DAX with 71% of traders net-short. I prefer to take a contrarian view toward crowd sentiment and thus the fact that the majority of traders are net-short suggests that the DAX Index prices could continue to rise in the near-term. 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.

After an incredible rally that has put Ethereum on the path to possible new all-time highs, the altcoin is now facing something that could hinder its newfound path. This comes down to a CME gap that had formed on its way up, and historically, CME gaps tend to be filled before there is a bullish continuation. In this case, the CME gap is sitting almost 15% below its current price, and could mean that ETH is in for a crash. The CME Gap Waiting At $4,080 A crypto analyst has pointed out that the Ethereum price could be facing heavy resistance after rallying to levels not seen since 2021. There is also the formation of a CME gap that threatens to drag the price back down before the bullish rally can continue. The first of these is the resistance that is currently forming at around the $4,868 zone. This is the previous all-time high levels, so naturally, bears are beginning to mount pressure at this point that could ultimately lead to a price rejection. There is also a potential reversal zone skirting around the $4,680 area as well. The CME Gap is sitting very low at the $4,185-$4,080, suggesting that the price could retrace to this level to close the gap. If this happens, then late long positions could be trapped as the correction plays out, before reversing toward its all-time high levels once more. Interestingly, the analyst also points out the fact that the Ethereum price seems to be playing out the Elliot Wave Theory. According to the analysis, Ethereum is actually playing out a microwave 5 in the meantime. What this suggests is that the current uptrend is only the start, and that the main Wave 5 is yet to begin. Using the Elliot Wave Theory, Wave 5 is expected to be the final wave before the bear market. However, it is a major wave that has historically led to new all-time highs. If the bullish momentum does continue, then Ethereum could end up crossing the $5,000 level in quick succession. There is also the possibility of a deeper correction if bulls fail to maintain control above $4,000. The analyst points out that another CME gap is left to be filled as low as $3,417-$3,461. But if the price is able to cross toward $4,800, this would be invalidated.

Antofagasta (LON: ANTO) posted a nearly 60% jump in half-year core earnings on Thursday, driven by higher copper production and stronger prices for the metal crucial to the energy transition. Pretax profit rose to $1.16 billion from $712.6 million in the same period a year earlier. Earnings before interest, taxes, depreciation and amortization jumped 60% to $2.23 billion, while its Ebitda margin increased by 12% to 58.8%. The Chilean miner attributed the gains to an 11% increase in copper output, lower cash costs, and higher prices for copper and gold. Copper production in the period reached 314,900 tonnes, largely on the back of increased output from the Centinela Concentrates and Los Pelambres plants. First-half copper sales grew 17%, while gold sales surged 53%. Antofagasta, majority-owned by Chile’s Luksic family, declared an interim dividend of 16.6 cents per share, more than double last year’s 7.9 cents. BMO analysts described the results as “solid,” with earnings meeting expectations but showing sequential improvement. “The robust financial performance announced today places Antofagasta’s margins at the top end of global pure-play copper producers and the highest level achieved since 2021,” chief executive officer Ivan Arriagada said in the statement. Four key projects Arriagada projected more than 30% production growth in the medium term, supported by four major projects. At Los Pelambres, work has begun to expand the desalination plant, extending mine life to 2051. At Centinela, construction continues on a second concentrator with capacity of 150,000 tonnes per day, targeted for first production in 2027. The Zaldivar mine received approval in May to extend its life to 2051, with a plan to shift from current water sources to seawater or third-party supplies by 2028. The company is also running large-scale tests of its proprietary Cuprochlor-T® technology to extract copper from primary sulphide tailings. The miner left production guidance unchanged at 660-700,000 tonnes, though Arriagada warned that maintenance at Los Pelambres in July and August could push output to the lower end of the range. Antofagasta operates four copper mines in Chile and is pursuing the stalled Twin Metals project in Minnesota, which was blocked after former US President Joe Biden’s administration revoked permits over environmental concerns. Arriagada said last month he saw “an opportunity” to advance Twin Metals after President Donald Trump moved to impose a 50% import tariff on copper.

US CPI for July in line with expectations – headline +0.2% m/m, core +0.3% m/m; annual rates at 2.7% and 3.1% respectively.Wall Street rallies, dollar softens – major indices post solid gains, US Treasury yields fall; markets almost fully price a 25bp Fed cut in September.No signs of tariff-driven inflation – businesses still absorbing higher costs in margins, with demand constraints limiting price hikes.Trump steps up pressure on the Fed – calls for swift rate cuts, threatens to sue Powell; growing number of FOMC members favour a more dovish stance.EUR/USD uptrend intact – next target at 1.18, with a break above opening the way towards 1.20–1.23.Market reaction to inflation data – Wall Street rallies, dollar softens July’s US inflation data came in line with expectations for headline CPI and slightly higher on the core measure, but markets interpreted the release as supportive of a more accommodative Federal Reserve. On 12 August, Wall Street indices closed the session with notable gains, reflecting increased investor optimism over the economic outlook and interest rate prospects. The US dollar weakened against major currencies, while US Treasury yields declined. Fed Funds Futures almost fully priced in a 25bp rate cut in September, with markets also increasing bets on further easing before year-end. The Fed’s dual mandate is shifting further towards prioritising maximum employment, a stance echoed by a growing number of Federal Open Market Committee (FOMC) members. The upcoming Jackson Hole symposium, due at the end of next week, will offer Chair Jerome Powell an opportunity to adjust the policy narrative. Historically, the Central Bankers’ Symposium in the Rocky Mountains has often marked turning points in US monetary policy. Slower consumer price growth In July 2025, headline CPI rose by 0.2% m/m compared with 0.3% in June, while the annual rate held steady at 2.7%, in line with forecasts. Core inflation edged up to 0.3% m/m and 3.1% y/y from 0.2% and 2.9% respectively, modestly exceeding expectations on the yearly reading. Price breakdown – energy falls, food flat Energy prices fell by 1.1% m/m, while food prices were unchanged. In core goods (excluding vehicles), price growth slowed to +0.2% m/m from +0.55% in June. Increases were seen in furniture (+0.9%), used cars (+0.5%), sporting goods (+0.4%) and clothing (+0.1%). Household appliance prices unexpectedly declined by 0.9%. Seasonal gains in services Airfares rose by 4% m/m, while medical services costs increased by 0.7%, largely due to dental services. Shelter costs rose only modestly, by 0.2%. No tariff-driven inflation pressure The absence of signs of rising inflationary pressure following President Trump’s tariff measures suggests that businesses are absorbing higher costs in their margins rather than passing them on to consumers. This is supported by the latest NFIB survey, which showed the share of small firms planning price hikes in the next three months falling to 28% from 32%, pointing to demand-side constraints. Inflation and Fed policy outlook Analysts see little risk of inflation breaching 4% y/y this autumn, with growing odds of a decline below 2% by the end of 2026. The data reinforce expectations for a 25bp Fed rate cut in September, followed by another in December. Fed Funds Futures are currently pricing in 26bp of easing at the 17 September FOMC meeting and a total of 63bp by year-end. Market pricing of the US interest rate path based on Fed Funds Futures, source: Bloomberg Trump steps up pressure on Powell President Donald Trump has intensified his calls for swift rate cuts, even suggesting he might sue Fed Chair Jerome Powell, accusing him of incompetence in overseeing building renovations at the central bank. FOMC members’ comments Thomas Barkin noted that the balance of risks for the labour market and inflation remains unclear, and that the Fed is well positioned to respond appropriately. Stephen Miran, a new Board Governor appointed by Trump, stated that there is no evidence of tariff-driven inflation, adding that rent increases are partly linked to illegal immigration. Jeff Schmid argued that while growth remains solid, inflation is still too high, warranting a moderately restrictive stance. He added, however, that he would be prepared to change his view should demand weaken materially. What next for the dollar? In the week ending 5 August, net short USD positions fell sharply by $4.3bn – the fourth consecutive weekly reduction. The net short now stands at $7bn, down from a local peak of $18.6bn in early July. It is worth noting that these figures are lagging indicators and do not yet reflect the most recent moves in FX markets. The unwinding of short positions was visible in EUR/USD’s July pullback, although the latest disappointing non-farm payrolls data reignited selling pressure on the dollar. The uptrend in the pair remains technically intact, and August’s inflation figures have only strengthened the likelihood of further gains. The next upside target for EUR/USD is 1.18, with a break above this level opening the way towards 1.20–1.23. Chart of the main currency pair EUR/USD, daily data, source: TradingView 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.

Yesterday, Bullish, a crypto exchange backed by billionaire Peter Thiel, one of the founders of PayPal, debuted on the NYSE under the ticker BLSH. Given the previous success of the Circle IPO, the electrifying performance was expected. BLSH more than doubled a few hours after listing for trading, effectively qualifying it as the best crypto stock to buy. Bullish Is The Best Crypto Stock To Buy? BLSH Erupts After NYSE IPO BLSH crypto stock traded for $37 a share during the IPO. This valuation was way above the expected $32 to $33 range and the initial $28 to $31 projected. The stock opened at $90 before soaring to $118 and closing at $68. Even at this valuation, BLSH investors were up 83% from the IPO price. Investors who sold at peaks had over 200% in net gains. At its peak, Bullish was valued at over $17 billion. (Source: Google Finance) The Bullish explosive launch, which coincided with rallying Bitcoin and Ethereum prices, was fueled by supportive regulatory tailwinds in the United States. Additionally, institutions are increasingly diversifying and gaining exposure to crypto. This endorsement is lifting altcoins and qualifying some as the next 1000X cryptos to explore. Notably, the BLSH stock surge compares to the explosive rally of the Circle CIRCL stock and the success of MicroStrategy MSTR and SharpLink SBET stocks. These public companies cumulatively control billions worth of Bitcoin and Ethereum, effectively making them some of the best crypto stocks to buy. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Bullish IPO: What You Need To Know Bullish is the parent company of CoinDesk and operates a crypto exchange. It was founded by Brendan Blumer in 2021. Blumer, it should be noted, was among the team that led the record-breaking, year-long $4 billion EOS ICO in 2017. The crypto exchange is currently led by Thomas Farley, the former president of the NYSE. Bullish is unique because it operates an institutional-focused crypto exchange targeting over 50 countries, excluding the United States. The Bullish IPO launched with 30 million shares, up from the initial 20.3 million, following a huge investor demand after a 20X oversubscription. The success of this Bullish IPO meant the public company raised $1.1 billion, a solid reflection of strong demand, which was further bolstered by interest from BlackRock, the world’s leading asset manager; and ARK Investment Management. These asset managers each committed up to $200 million at the IPO price. With BLSH stock prices rallying, Blumer, who controls 30.1% of the exchange, saw its position rise to $2.8 billion. Meanwhile, Kokuei Yuan, a board member controlling 26.7% of the company, saw his stake rise to $2.5 billion. On the other hand, Farley, who controls 3.8% of the company, saw his position increase to $355 million. DISCOVER: 20+ Next Crypto to Explode in 2025 Why is The Bullish Stock Rallying? Several factors drove the BLSH surge, cementing its position as the best crypto stock to buy. First, the Bullish IPO is timely. It is when crypto is booming and Ethereum and Bitcoin bulls are targeting fresh all-time highs. Earlier today, Bitcoin soared to as high as $124,700, printing new all-time highs. Meanwhile, Ethereum is on the cusp of breaking $5,000, registering fresh all-time highs, and breaking above 2021 highs. The uptick also lifted top Solana meme coins, including TRUMP. Beyond the timely launch, the signing of the GENIUS Act into law in July 2025 created clarity that encourages institutions to explore and invest in some of the best cryptos to buy. Specifically, the GENIUS Act provides consumer protections for stablecoins, which, in turn, reduces uncertainty for the Bullish exchange and its stablecoin holdings. Bullish is also not new to crypto. The founder was involved with EOS, and the success of the EOS ICO provided precedent. However, the IPO is when the investment world had seen the success of the Circle IPO in June. CIRCL soared by over 150% after listing on the NYSE, setting a high bar for crypto stocks. Moreover, the BLSH stock was backed by BlackRock and ARK Investment. The two are heavily engaged in crypto, with BlackRock the top issuer of spot Ethereum and Bitcoin ETFs. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Bullish IPO: Is BLSH the Best Crypto Stock to Buy? Bullish IPO a huge success BLSH stock soars to over $110 hours after trading began Institutions flowing to crypto, lifting sentiment Will Ethereum and Bitcoin spike to new all-time highs The post Bullish IPO Blasts On Launch: Is BLSH the Best Crypto Stock to Buy? appeared first on 99Bitcoins.

Overview: The US dollar is mostly firmer today against the G10 currencies, but exceptions are notable. The yen is rising for the third consecutive session, apparently boosted by calls from the US Treasury Secretary for the Bank of Japan to raise rates. The Norwegian krone is slightly higher after the central bank kept rates steady and indicated another rate cut would be forthcoming this year. Sterling is the other exception to the greenback's bounce today after a stronger headline Q2 GDP lifted by government spending. The US dollar is firmer against most emerging market currencies. Intervention by Hong Kong Monetary Authority to defend the peg helped the HK dollar tick up and the PBOC set the dollar's reference rate at a new low for year, supporting the yuan's resilience today. Benchmark 10-year yields are mostly softer today. Japanese and Swiss yields are the exceptions and are a little firmer. Most European yields are off around two basis points, though the Gilts yields are a laggard today and are barely lower. The 10-year Treasury yield is 2.5 bp softer to near the 4.20% threshold. The US two-year yield is a little softer as it edges toward 3.65%, the low from earlier this month. It has not traded below there in more than three months. Asia Pacific equities were mostly lower today. South Korea, Australia, New Zealand, and India are the noted exceptions. The Stoxx 600 in Europe is advancing for the third consecutive session, which if sustained, would be the longest rally in a month. US index futures are little changed but softer. Gold has traded on both sides of yesterday's range and is little changed late in the European morning. September WTI has steadied today (~$62.70-$63.10) after slipping below $62 yesterday for the first time since early June. USD: The Dollar Index tested the trendline connecting last month's two lows. It held on a closing basis and is found slightly above 97.65 today. However, it did settle below the (61.8%) retracement of last month's rally found near 97.85. It has steadied today and is holding below 98.00. Chicago Fed's Goolsbee comments, striking a more cautious tone on the rate outlook, failed to have much impact and the September Fed funds futures are pricing in a small chance of a 50 bp cut next month. The expected rise in July PPI that will likely be reported today is unlikely to deter the market. Still, a 50 bp cut, however, does not seem particularly likely now, but before the next FOMC meeting, another employment report (and the BLS preliminary benchmark revisions to the establishment survey) and CPI and PPI will be in hand. Market participants and the media have emphasized the weakness of nonfarm payroll growth and the sharp downward revision of past months. Yet, Fed Chair Powell was explicit at last month's press conference the key is not job growth as the administration's immigrant policies have reduced the supply of labor at the same moment that the demand has fallen. Therefore, Powell argued the key now is the unemployment rate, which captures the balance of the two forces. Also, today sees weekly initial jobless claims for the week ending August 8. While most survey data have pointed to a deterioration of the labor market, weekly jobless claims were an exception. Initial claims fell from mid-June through mid-July when they reached three-month lows. Weekly initial claims rose for the past two weeks, and the median forecast in Bloomberg's survey anticipates a small decline. The four-week moving average, used to smooth the noisy time series has fallen for the past seven weeks, but likely rose last week. On the other hand, continuing claims are elevated at their highest level since November 2021. The data seems to confirm that businesses may not be laying off workers very aggressively, the hiring has slowed. EURO: The euro peaked yesterday near $1.1730 shortly before the North American session. It consolidated after dipping below $1.1700 in early North American turnover. The trendline connecting the July highs comes in near $1.1745 today. If that is taken out the next target is the late July high slightly below $1.1790, but instead, the euro is trading with a heavier bias today and is fraying yesterday's low (~$1.1670) in the European morning. A break of $1.1660 could see $1.1600. There are option at $1.17 for 3.9 bln euros that expire today. The eurozone's data had a negligible impact. Q2 GDP's initial 0.1% increase was left unchanged. The quarter ended on a soft note, with industrial output falling by 1.3% after a 1.7% increase in May. Economists do not expect growth here in Q3 to be much better. In fact, the year-over-year rate is seen slowing to below 1% in Q3 for the first time since Q2 24. CNY: The dollar was sold from the upper end of its recent range on Monday and Tuesday, slightly shy of CNH7.20 to fray the lower end of its recent range yesterday near CNH7.1755. The losses were extended to about CNH7.1680 today, a nearly three-week low. It bounced back to around CNH7.1770 in the European morning where sellers were met. More important chart support is seen in the CNH7.1600-30 area. The PBOC set the dollar's reference rate at a new low for the year today (CNY7.1337 vs. CNY7.1350 yesterday). Chinese officials are allowing the yuan to appreciate against the dollar but more slowly than some of its critics want. The onshore yuan has risen by a little more than 1.75% against the dollar this year, which is slightly less than the inflation differential and two-year interest rate differential would imply. US Treasury Secretary Bessent is arguing against accepting Chinese investment as part of a trade agreement because of the need to re-shore critical industries away from China. JPY: Softer US rates helped pressure the dollar lower against the yen. It fell from a seven-day high on Tuesday near JPY148.50 to a low yesterday around JPY147.10. It is lower for the third consecutive session. Ostensibly with the help of US Treasury Secretary Bessent calling on Japan to raise interest rates, the greenback was sold through the shelf forged last week in the JPY146.60-70 area. It found support near JPY146.20, a three-week low. The next technical target is closer to JPY145.85. The US 10-year yield fell by a little more than five basis points yesterday to settle at a five-day low (~4.23%) and is softer today to test 4.20%. The yield has traded below there in three sessions this quarter and two of which took place this month. The swaps market saw an increase to almost 16 bp from 14 bp, the likely rate hike before the end of the year. It is the most this month, but settled July closer to 18 bp. Japan provides its first estimate for Q2 GDP first thing tomorrow. The median forecast in Bloomberg's survey is for a 0.4% annualized expansion in Q2 after a 0.2% contraction in Q1. The key change may have been net exports, which shaved Q1 GDP by 0.8% and may have contributed 0.1% in Q2. But part of this may be offset by the unwinding of inventory accumulation. Consumer spending looks steady around 0.1%, while capex may have slowed. GBP: Sterling rose by about 0.5% yesterday to lead the G10 currencies. It is also the best performer this month, with a 2.75% coming into today. Unlike the euro, sterling recorded the session high yesterday in North American session, late in the European day. The high was about $1.3585, and it has been extended marginally today to slightly above $1.3590, its best level in a month. Options for GBP953 mln at $1.36 expire today. Above $1.3600, may encounter nearby resistance around $1.3630. The UK reported that growth held up better than expected in Q2. The 0.3% expansion compares with 0.1% projections and 0.7% in Q1. The increased government spending (1.2% vs -0.4% in Q1) helped offset the slower consumption (0.1% vs 0.4%) and business investment (-1.1% vs 2.0%). Net exports also deteriorated. Still, the economy appeared to end the quarter on better footing, with June's monthly GDP rising by 0.4%, twice the median forecast in Bloomberg's survey, helped by stronger industrial outputs, services, and construction. Growth is expected to remain subdued in H2 25. The Bank of England forecasts 1.3% growth this year. The IMF projects 1.2% and the median forecast in Bloomberg's survey is 1.1%, the same as last year. The swaps market has 17 bp of easing discounted before the end of the year, of about a 65% chance of a cut, down from 100% before last week's BOE meeting. CAD: The Canadian dollar was sidelined yesterday. During the North American session, the US dollar chopped in a 10-tick range on either side of CAD1.3765. It is posting an outside day by trading on both sides of yesterday's range. The technical significance depends on the close. A break of the CAD1.3720-25 area would be notable. It could signal a move toward CAD1.3640. On top side, only a move above the CAD1.3800-10 area would undermine this less favorable outlook for the greenback. Still, the pattern for the Canadian dollar to perform relatively better in a strong US dollar environment and typically a laggard in a weak dollar environment continues to be borne out. Last month, during the greenback's first monthly bonce this year, the Canadian dollar was the best performer in the G10, losing only 1.80%. This month, as the US dollar has weakened, the Canadian dollar is the weakest of the G10 currencies, appreciating by about 0.60%. AUD: The Australian dollar stalled yesterday in European late morning turnover slightly below $0.6565. It traded to almost $0.6570 before reversing lower. A break of yesterday's low near $0.6515 would weaken the technical tone, and a close below $0.6500, which it has not done for six sessions, would be disappointing. Australia grew 24.5k jobs in July, of which a whopping 60.5k were full-time positions (part-time work fell by 35.9k jobs). It had lost 36.6k full-time jobs in June but the July increase was the most since February 2024. The unemployment rate slipped to 4.2% from 4.3%. It was steady at 4.1% in the first five months of the year. The participation rate was steady at 67.0%, after the June estimate was revised down from 67.1% to 67.0%. It is unchanged now from the end of 2024. The report saw the odds of a cut at the next meeting in late September pared to about 30% from the anticipated trajectory of monetary policy. There is about 40% chance of a cut at the next meeting at the end of September from about 45%. The futures market has about 38 bp of cuts discounted before the end of the year, down from 40 bp yesterday. The futures market has a terminal rate of around 3%, while the swaps market sees it closer to 2.75% from the 3.60% current target. MXN: The dollar made a new low for year against the Mexican peso and Brazilian real yesterday, but it recovered against both and settled 0.20%-0.25% better. The MXN18.50 area is proving to be formidable. It stopped last month's descent, and then the market got a running start at it again after having peaked a little below MXN19.00 on August 1. It made a marginal new low yesterday but recovered approaching MXN18.51. It set session highs around midday in NY near MXN18.6650. Initial resistance may be in the MXN18.70-75 area. The dollar recorded the session and year's low yesterday shortly after the local markets opened, reaching almost BRL5.38. It recovered to around BRL5.41 around the same time that it peaked against the peso. The greenback spent the NY afternoon consolidating in a narrow range, mostly BRL5.3920-BRL5.4030. Disclaimer

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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