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Bullish, the crypto exchange backed by Peter Thiel, is back in the spotlight with a new IPO filing. This time, the company is aiming for a valuation of up to $4.23 billion as it looks to go public in the United States. It’s a big move, especially after a previous attempt fell flat. IPO Could Raise as Much as $629 Million The plan is to sell just over 20 million shares, priced between $28 and $31. If everything goes according to plan and they hit the upper end of that range, Bullish could pull in more than $629 million. That’s before underwriting and other expenses are taken into account. The Second Time Around for Going Public This is not the first time Bullish has tried for an IPO. The company had initially planned to go public via a SPAC deal back in 2022. That earlier plan was based on a much larger valuation, close to $9 billion, but it was shelved when market sentiment turned cold. The new approach is more conservative, but probably more realistic given where the market is now. Capital Strategy Includes Stablecoin Exposure In a detail that didn’t get much attention at first, Bullish revealed it plans to convert a good chunk of the IPO proceeds into dollar-based stablecoins. The idea is to park funds in digital cash equivalents issued by selected providers. That gives a glimpse into how Bullish sees the crypto ecosystem evolving and where it wants to place its bets. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in August2025 Growing Momentum in Crypto IPOs The timing of this IPO makes sense. There’s been a resurgence of interest in crypto firms going public. Circle recently raised over a billion dollars and saw its shares jump out the gate. Word is that Kraken, eToro, and others are thinking along similar lines. It’s clear the appetite for regulated, publicly traded crypto companies is back. BitcoinPriceMarket CapBTC$2.28T24h7d30d1yAll time Leadership and Media Assets Add Credibility Tom Farley, who used to run the New York Stock Exchange, is at the helm of Bullish. That brings traditional market experience to a fast-moving space. The company also bought CoinDesk in 2023, giving it a unique position with both a trading platform and a well-known crypto media outlet under the same roof. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Mixed Financials Signal Flashy but Volatile Growth Bullish’s financials tell a mixed story. In the first quarter of 2025, the firm posted a net loss of $349 million. A year earlier, it had been in the black by about $105 million. Most of that swing comes down to how crypto assets are valued on paper. Still, the big question is whether the business model can support consistent profitability. Broad Underwriting and Institutional Interest The deal is being underwritten by some of the biggest names on Wall Street, including J.P. Morgan and Citigroup. Bullish has also drawn interest from heavyweight investors like BlackRock and ARK, which could each contribute up to $200 million. Those commitments are nonbinding for now but show that major players are paying attention. What to Keep an Eye On All eyes will be on how the IPO performs and whether investors buy into the new valuation. There’s also the matter of how Bullish plans to manage its stablecoin exposure, how it handles regulations in different countries, and whether its hybrid model of trading and media proves to be an advantage. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Bullish is targeting a $4.2 billion valuation in its second IPO attempt, a big drop from the $9 billion SPAC plan scrapped in 2022. The IPO aims to raise up to $629 million by selling just over 20 million shares, priced between $28 and $31 each. Part of the proceeds will be converted into stablecoins, showing Bullish’s interest in digital cash equivalents for capital management. Bullish owns CoinDesk and is led by ex-NYSE president Tom Farley, giving it both media influence and traditional finance credibility. Despite big-name backers like J.P. Morgan and BlackRock, Bullish reported a $349 million loss in Q1 2025, raising questions about its path to profit. The post Bullish Aims for $4.2B Valuation With New U.S. IPO Filing appeared first on 99Bitcoins.

A new phase in crypto regulation officially began on August 1, as the Commodity Futures Trading Commission launched what it’s calling a “crypto sprint.” Acting Chair Caroline Pham confirmed that the CFTC is teaming up with the SEC, led by newly appointed Chair Paul Atkins, to fast-track parts of Trump’s crypto roadmap. This move follows a 166-page White House report that outlines a vision for the U.S. to become the “crypto capital of the world.” CFTC Moves Quickly to Modernize The CFTC hasn’t wasted any time. Over the summer, it approved around-the-clock trading and greenlit perpetual futures on regulated platforms. It also rolled back some older internal guidance that many felt held the industry back. Additionally, the agency hosted its first-ever Crypto CEO Forum, providing industry leaders with a direct line to regulators. Talks have already started about launching pilot programs that support tokenization and on-chain market infrastructure. SEC Rolls Out Project Crypto Not to be outdone, the SEC launched its own initiative called Project Crypto. The goal is to update the securities rulebook for a digital world. This includes offering clarity around how tokens should be classified, improving access to capital through tools like airdrops and ICOs, and making it easier to issue tokenized versions of traditional assets like stocks and bonds. Much of this closely reflects the Trump administration’s broader approach to crypto. DISCOVER: Best New Cryptocurrencies to Invest in 2025 White House Lays Down the Roadmap All of this momentum stems from the detailed White House report that dropped just days before the sprint kicked off. That report calls for the CFTC to get clear authority over crypto exchanges that deal with non-security tokens. It also urges regulators to finally settle the debate over stablecoin rules and self-custody protections. One standout suggestion is the CLARITY Act, which aims to put an end to the jurisdictional tug-of-war between agencies. Institutions Are Paying Attention The timing of this new push seems to match growing interest from the finance world. A Deloitte survey recently found that nearly a quarter of CFOs in North America expect to hold crypto on their balance sheets within the next two years. And as regulatory direction becomes clearer, the market is showing signs of renewed confidence. Bitcoin, Ethereum, and Solana have all seen a short-term bump since the news broke. BitcoinPriceMarket CapBTC$2.28T24h7d30d1yAll time The Bigger Plan Is Coming Into Focus What regulators are really aiming for is a complete rework of how the crypto ecosystem is licensed and structured. They’re talking about combining custody, trading, and brokerage services under a single approval. The endgame is to support integrated platforms where users can buy, lend, stake, and store their assets without hopping across multiple providers. Think of it as creating a crypto version of an all-in-one finance app. DISCOVER: 20+ Next Crypto to Explode in 2025 Still Some Unanswered Questions While the sprint is gaining pace, some big questions are still hanging in the air. Will the CFTC get the green light to oversee spot trading for non-security tokens? How exactly will they draw the line between a security and a commodity? There’s also growing chatter about the political side of things, with critics pointing out how closely this effort mirrors Trump’s crypto interests and personal holdings. Industry Players Are Bracing for Change Crypto companies are already preparing. Many are adjusting how they handle custody, token issuance, and compliance to match what they think the new framework will look like. Meanwhile, investors are watching closely to see if the SEC and CFTC truly shift from aggressive enforcement to more open policy-building. Key areas under review include custody rules, reserve requirements for stablecoins, and how asset disclosures will work in this new era. The crypto sprint has started, and this time, it looks like regulators mean business. Whether this results in lasting, thoughtful regulation or more uncertainty will depend on how fast and how clearly these new frameworks come together. But for now, the playbook is being rewritten, and the entire industry is watching. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways U.S. regulators have launched a joint crypto initiative led by the CFTC and SEC to fast-track policy changes, marking a major regulatory shift. The CFTC approved 24/7 trading, perpetual futures, and is pushing forward with tokenization pilots and on-chain market infrastructure. The SEC’s Project Crypto aims to modernize securities laws, clarify token classification, and support tokenized stocks, bonds, and fundraising tools. A White House-backed roadmap outlines the CLARITY Act, stablecoin rules, and unified oversight to position the U.S. as a global crypto hub. Crypto firms and institutions are adapting ahead of time, preparing for unified licensing models and tighter rules on custody, disclosures, and stablecoins. The post CFTC and SEC Launch Crypto Sprint to Reform U.S. Regulations appeared first on 99Bitcoins.

After falling below a crucial support level, Bitcoin (BTC) is attempting to recover some of its lost ground. An analyst suggested that this week’s performance will be decisive for the cryptocurrency’s next trend. Bitcoin Loses Bull Flag Formation Over the weekend, Bitcoin lost its post-breakout range for the first time in three weeks, falling to a local low of $112,296 on August 3. The flagship crypto had been trading between the $114,000-$120,000 range since the early July breakout, hitting its all-time high (ATH) of $122,838 amid the rally. As July neared its end, BTC experienced some volatility, retesting the range lows twice over its last week. However, the cryptocurrency was unable to repeat its price recovery from the previous weekend, losing the crucial area on August 1. Rekt Capital noted that Bitcoin’s rally could be at risk, explaining that BTC has formed a bull flag in the weekly chart and held the pattern’s lows as support until the latest Weekly Close. Following its recent price action, the analyst considers that this week’s performance will be pivotal to see whether the pattern’s bottom, around the $117,200 area, will become a new resistance and confirm the breakdown, or if the flagship crypto’s price will recover the structure. According to the analysis, if the price can reclaim the structure, the correction would be considered a fake downside deviation before resynchronizing with the pattern. Meanwhile, turning the pattern’s bottom into resistance would be a bearish retest, confirming the breakdown, and potentially leading to a new retest of the $112,000 area as support. BTC’s Weekly Close To Determine Next Trend Rekt Capital also detailed that this week’s performance will determine the future of BTC’s second Price Discovery uptrend, which has technically started its fifth week. Depending on what happens to the Bull Flag (reclaim or a confirmation of the breakdown), we will know whether the Price Discovery Uptrend 2 will continue or whether BTC has experienced a very short PDU2 instead. Last week, the analyst retesting that the continuation of the Price Discovery trend could fail as BTC transitioned into weeks 5-7 of this phase. Historically, the second uptrend has started to slow down around Weeks 5-6, hitting its peak during this “Danger Zone.” If Bitcoin reclaims the Bull Flag and challenges new highs, then its second Price Discovery uptrend will progress according to its historical tendencies. However, if it fails to Weekly Close above the pattern’s bottom and confirms additional downside, the second Price Discovery uptrend would have ended in Week 2, much quicker than has historically been the case. Moreover, it would reveal that BTC has been in its second Price Discovery Correction, which “would be going completely against the grain of history.” The analyst suggested that macro-wise, Bitcoin still has plenty of time for a third Price Discovery uptrend. If the second phase has already ended, a final uptrend could overcompensate for the current uptrend’s underperformance. Previously, Rekt Capital asserted that what comes after the second uptrend would depend on how long the corrective phase takes, as a shot correction could allow for a third uptrend before the bear market.

Michael Saylor’s enterprise software company, Strategy (previously MicroStrategy), has made headlines once again with a substantial Bitcoin (BTC) acquisition, pushing its total holdings beyond 600,000 coins. The company purchased an impressive $2.46 billion worth of Bitcoin over the past week, marking its third-largest purchase by dollar amount since it began acquiring the digital asset five years ago. Bitcoin Acquisition At Record Prices Between July 28 and August 3, Strategy added 21,021 Bitcoin to its holdings, bringing its total to 628,791 tokens. At current market prices, the firm’s portfolio is valued at over $71 billion. Saylor has adeptly transformed his company from a traditional software provider into the leading corporate buyer of Bitcoin, utilizing innovative financial strategies to fuel these purchases. The latest acquisition was made at an average price of $117,526 per token, which is the second-highest price the company has ever paid, just shy of the $118,940 average from the previous month. Strategy is the largest corporate Bitcoin holder, according to data from BitcoinTreasuries.net. BTC mining company MARA Holdings is second with 50,000 coins, which highlights Saylor’s firm’s purchasing power. Notably, this position has not only solidified Saylor’s influence in the crypto space but has also inspired other public companies to adopt similar treasury strategies aimed at accumulating and holding digital currencies. These include Trump’s social media company, boosted by a new regulatory regime and legislation in the US aimed at positioning the country as the crypto capital of the world, a mission that President Donald Trump has advocated since his election campaign last year. Saylor’s Strategy Pledges To Protect Shareholder Value To fund these massive purchases, Bitcoin bull Michael Saylor has employed a mix of common and preferred share sales alongside debt instruments. Recently, the company launched its latest preferred stock offering, dubbed “Stretch,” in late July. In its second-quarter report, Strategy announced an unrealized gain of $14 billion, primarily driven by the recent rebound in Bitcoin prices and a new accounting requirement that necessitated the revaluation of its Bitcoin holdings. Saylor has also made a commitment to investors, stating that he will refrain from issuing new common shares at less than 2.5 times the company’s net asset value, except for covering debt interest or preferred dividends. This pledge comes in light of concerns raised by critics like Jim Chanos, who have expressed apprehension about the premium that Strategy’s Bitcoin holdings place on its share price and the numerous securities offerings the company has executed. Since its initial foray into Bitcoin, Strategy’s stock, MSTR, has skyrocketed over 3,000%, significantly outperforming Bitcoin itself and major stock indices such as the S&P 500 and Nasdaq 100. The company’s largest purchases occurred in November, totaling $5.4 billion and $4.6 billion, respectively, demonstrating Saylor’s aggressive strategy in the cryptocurrency market. However, on Monday, the firm did not disclose any further purchases, as it has commonly done over the past few months. Perhaps it is starting to reassess its direction with biweekly acquisitions. It remains to be seen what the firm’s next moves will be, as there have been no further official comments on the matter. Featured image from DALL-E, chart from TradingView.com

Solana started a fresh increase above the $162 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone. SOL price started a fresh upward move above the $160 and $162 levels against the US Dollar. The price is now trading above $162 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $165 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $172 resistance zone. Solana Price Eyes Fresh Move To $180 Solana price started a decent increase after it found support near the $155 zone, like Bitcoin and Ethereum. SOL climbed above the $160 level to enter a short-term positive zone. The price even smashed the $162 resistance. The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $182 swing high to the $155 low. There is also a key bullish trend line forming with support at $165 on the hourly chart of the SOL/USD pair. Solana is now trading above $162 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $170 level. It is close to the 50% Fib retracement level of the downward move from the $182 swing high to the $155 low. The next major resistance is near the $172 level. The main resistance could be $180. A successful close above the $180 resistance zone could set the pace for another steady increase. The next key resistance is $182. Any more gains might send the price toward the $192 level. Are Downsides Supported In SOL? If SOL fails to rise above the $172 resistance, it could start another decline. Initial support on the downside is near the $165 zone and the trend line. The first major support is near the $162 level. A break below the $162 level might send the price toward the $155 support zone. If there is a close below the $150 support, the price could decline toward the $145 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $165 and $162. Major Resistance Levels – $172 and $182.

XRP price started a decent increase above $3.00 zone. The price is now facing resistance at $3.10 and might correct some gains in the near term. XRP price is attempting to start a fresh increase above the $3.00 zone. The price is now trading above $2.980 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3.065 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $2.920 zone. XRP Price Faces Resistance XRP price started a fresh increase above the $2.820 zone, beating Bitcoin and Ethereum. The price was able to surpass the $2.920 and $2.950 resistance levels. The price even cleared the $3.00 resistance level. Finally, the bears appeared near the $3.10 zone. A high was formed at $3.106 and the price is now correcting gains. There was a break below a bullish trend line with support at $3.065 on the hourly chart of the XRP/USD pair. The price is now trading above $3.00 and the 100-hourly Simple Moving Average. It is also above the 23.6% Fib retracement level of the upward move from the $2.730 swing low to the $3.106 high. On the upside, the price might face resistance near the $3.10 level. The first major resistance is near the $3.120 level. A clear move above the $3.120 resistance might send the price toward the $3.150 resistance. Any more gains might send the price toward the $3.20 resistance or even $3.2120 in the near term. The next major hurdle for the bulls might be near the $3.250 zone. Another Drop? If XRP fails to clear the $3.10 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.950 level. If there is a downside break and a close below the $2.950 level, the price might continue to decline toward the $2.920 support and the 50% Fib retracement level of the upward move from the $2.730 swing low to the $3.106 high. The next major support sits near the $2.880 zone where the bulls might take a stand. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.00 and $2.920. Major Resistance Levels – $3.10 and $3.120.

Ethereum price found support near the $3,400 zone. ETH is now rising and might soon aim for a move toward the $3,800 zone. Ethereum started a fresh increase above the $3,440 and $3,550 levels. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,600 zone in the near term. Ethereum Price Eyes More Gains Ethereum price started a downside correction from the $3,880 level, like Bitcoin. ETH price declined below the $3,750 and $3,500 support levels. Finally, the price spiked below $3,400 and the 100-hourly Simple Moving Average. It tested the $3,365 support zone. A low was formed at $3,369 and the price is now rising. There was a move above the $3,450 and $3,500 resistance levels. The price surpassed the 50% Fib retracement level of the downward move from the $3,877 swing high to the $3,369 low. Ethereum price is now trading above $3,550 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,620 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $3,720 level. The next key resistance is near the $3,750 level. It is close to the 76.4% Fib retracement level of the downward move from the $3,877 swing high to the $3,369 low. The first major resistance is near the $3,800 level. A clear move above the $3,800 resistance might send the price toward the $3,880 resistance. An upside break above the $3,880 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,000 resistance zone or even $4,120 in the near term. Another Drop In ETH? If Ethereum fails to clear the $3,750 resistance, it could start a downside correction. Initial support on the downside is near the $3,620 level. The first major support sits near the $3,600 zone. A clear move below the $3,600 support might push the price toward the $3,550 support. Any more losses might send the price toward the $3,500 support level in the near term. The next key support sits at $3,450. 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 – $3,600 Major Resistance Level – $3,750

Bitcoin (BTC) has experienced a steady price decline over the past week, falling by approximately 3.7% as trading activity shows signs of a possible sell-off or profit-taking phase. After peaking above $123,000 earlier last month, the leading cryptocurrency has been trading within the $113,000 to $114,000 range in the past day. At the time of writing, BTC is valued at $114,420, reflecting uncertainty in market momentum. Market analysts point to weakening liquidity and inconsistent institutional demand as key factors contributing to the price drop. A recent analysis shared by Arab Chain, a contributor to CryptoQuant’s QuickTake platform, highlights several on-chain dynamics that have limited Bitcoin’s ability to maintain price stability despite reduced available supply. Liquidity Constraints and Market Fragility According to Arab Chain’s analysis, a sharp collapse in the liquidity inventory ratio began in mid-July, falling to levels representing just over three months of available supply on major trading platforms. This metric tracks how much Bitcoin is accessible for sale relative to the pace of market activity. Normally, reduced supply would lead to upward price pressure. However, Arab Chain notes that insufficient new demand left the market vulnerable, resulting in the opposite effect. “When liquidity is thin and there is no consistent buying activity from large investors or ETFs, even small sell orders can lead to significant price drops,” Arab Chain explained. This behavior mirrors “thin market” conditions, where limited order book depth magnifies volatility and makes prices more susceptible to sudden downward moves. The analysis suggests that market fragility could persist unless fresh demand enters the market. Historically, periods of constrained liquidity combined with a lack of large-scale buyers have led to prolonged corrections in Bitcoin’s price trajectory. ETF Demand Volatility and Weak Accumulation Another factor influencing the recent decline has been the erratic demand for Bitcoin-linked exchange-traded funds (ETFs). Arab Chain observed sharp fluctuations in ETF inflows, with rapid surges followed by strong outflows, leaving no consistent institutional support to stabilize prices. This inconsistent participation from ETFs, which have become a major driver of Bitcoin demand since their approval, contributed to weaker price resilience during sell-offs. Additionally, on-chain data showed that “smart portfolios,” or high-value addresses typically associated with strategic accumulation, exhibited only modest buying activity during the recent downturn. Although accumulation signals long-term confidence, its slow and limited pace failed to counterbalance selling pressure in real time. This lack of immediate demand further weakened market support. Additionally, while investors closely monitor liquidity conditions, ETF flows, and long-term holder activity for signs of a potential rebound. Analysts suggest that sustained institutional buying or an uptick in accumulation from large addresses could help restore stability. Until then, Bitcoin may remain in a vulnerable position, with its price movement largely dependent on shifts in demand and available liquidity. Featured image created with DALL-E, Chart from TradingView

Data shows the Bitcoin Fear & Greed Index has rebounded from the neutral zone, a sign that market indecisiveness was short-lived. Bitcoin Fear & Greed Index Is Back In Greed Region The “Fear & Greed Index” refers to an indicator created by Alternative that keeps track of the net sentiment present among the traders in the Bitcoin and wider cryptocurrency markets. The metric uses data of these five factors to determine the investor mentality: trading volume, volatility, market cap dominance, social media sentiment, and Google Trends. To represent the sentiment, it uses a numerical scale running from zero to hundred. All values above 54 correspond to greed among the investors, while those under 46 to fear in the market. The region between the two cutoffs corresponds to a net neutral trader sentiment. Besides these three main zones, there are also two ‘extreme’ territories called the extreme greed and extreme fear. The former occurs above 75 and the latter below 25. Historically, Bitcoin and other cryptocurrencies have tended to move in the direction that goes contrary to the expectations of the majority. The likelihood of such a contrary moving occurring has also only gone up the more sure the investors have become of the asset’s direction. As such, when the Fear & Greed Index is in the extreme zones, tops and bottoms can be probable to occur. Investors using a trading technique called contrarian investing exploit this fact. Warren Buffet’s famous quote encapsulates the idea: “be fearful when others are greedy, and greedy when others are fearful.” Now, here is how the current cryptocurrency market sentiment looks, according to the Fear & Greed Index: As is visible above, the Fear & Greed Index has a value of 64, which suggests that the investors as a whole share a sentiment of greed. The picture was different just yesterday, when the market held a neutral mentality. The weekend low of 53 in the metric was likely a result of the bearish action in Bitcoin that took its price to $112,000. Similarly, the return of greed may be caused by the slight recovery in the asset. The Fear & Greed Index spent July in and around the extreme greed zone, ending the month at a value of 72. Given this trend, the plunge this month may be an effect of the streak of optimism among the investors. With sentiment now observing a reset, it remains to be seen how Bitcoin will develop from here on out and whether market sentiment would get overheated once more. BTC Price At the time of writing, Bitcoin is floating around $114,900, down around 2.5% in the last seven days.

Bitcoin price is recovering from the $112,000 support zone. BTC is rising and might attempt to clear the $115,500 resistance zone to gain bullish momentum. Bitcoin started a decent upward move from the $112,000 zone. The price is trading above $114,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $114,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $115,500 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price started a downward move from the $118,000 zone. BTC declined below the $115,000 and $113,500 support levels to enter a short-term bearish zone. The price tested the $112,000 zone. A base was formed and the price is now attempting to recover. There was a move above the $113,500 and $114,200 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $118,918 swing high to the $112,000 low. Bitcoin is now trading above $114,200 and the 100 hourly Simple moving average. There is also a bullish trend line forming with support at $114,600 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $115,500 level. It is close to the 50% Fib retracement level of the downward move from the $118,918 swing high to the $112,000 low. The first key resistance is near the $116,250 level. The next resistance could be $116,800. A close above the $116,800 resistance might send the price further higher. In the stated case, the price could rise and test the $118,500 resistance level. Any more gains might send the price toward the $120,500 level. The main target could be $121,200. Another Decline In BTC? If Bitcoin fails to rise above the $115,500 resistance zone, it could start another decline. Immediate support is near the $114,600 level. The first major support is near the $113,500 level. The next support is now near the $112,000 zone. Any more losses might send the price toward the $110,500 support in the near term. The main support sits at $108,500, 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 – $114,600, followed by $113,500. Major Resistance Levels – $115,500 and $116,800.

Bitcoin experienced a pullback over the weekend, briefly dipping to $112,296 on Saturday before stabilizing around $114,420 at the time of writing. The asset has seen a nearly 4% decline in the past week, marking one of the more notable short-term corrections in recent weeks. Market analysts suggest that, while short-term volatility persists, Bitcoin’s broader outlook remains influenced by whale activity and long-term holder behavior. Recent on-chain data provided by CryptoQuant highlights significant movement among high-volume Bitcoin traders. Crazzyblockk, a contributor to CryptoQuant’s QuickTake platform, analyzed transactions of 1,000 BTC or more and identified a pattern in where large-scale investors, often referred to as whales, prefer to trade. The data shows Binance is the dominant exchange for these transactions, processing both the highest total volume and the largest number of individual whale-level trades across the market. Binance Emerges as Primary Venue for Whale Transactions According to Crazzyblockk’s analysis, Binance leads other exchanges by a substantial margin when it comes to whale activity. Over 30 million BTC have moved through Binance in both inflows and outflows, far exceeding figures recorded on competing platforms such as HTX Global and Kraken. While volume alone highlights the scale of transactions, Binance’s leadership becomes even clearer when measuring transaction count. Data indicates more than 56 million whale transactions have taken place on Binance, compared to roughly 16 million on HTX, making it the most active platform for high-frequency, large-scale trades. This dominance suggests Binance provides unmatched liquidity for big players in the market. As Crazzyblockk noted, “The concentration of whale activity on Binance provides it with unparalleled liquidity. For traders, this means tighter spreads and a greater ability to execute large orders with minimal price impact.” The findings indicate that monitoring Binance’s order book can offer valuable insights into institutional sentiment and potential market movements. Bitcoin Long-Term Holders Sustain Bullish Trend Despite Correction While whale activity dominates short-term price movements, broader market sentiment remains supported by long-term holders (LTH). Another CryptoQuant analyst, Abrahamchart, pointed out that long-term investors continue to hold significant unrealized profits, with the Net Unrealized Profit/Loss (NUPL) ratio staying above 0.5. This indicates that long-term holders are not rushing to sell, helping sustain price support near the $104,000 range. Short-term holders (STH), on the other hand, appear to be taking profits during rallies, contributing to temporary selling pressure and minor corrections such as the latest dip below $113,000. Abrahamchart noted that while the short-term market may experience fluctuations, the underlying trend remains intact due to the conviction of long-term participants. Featured iamegc created with DALL-E, Chart from TradingView

Macro analyst Alex Krüger says the weekend’s sell-off has likely marked a tradable low for the crypto market, arguing that the move closely mirrors the 2024 “August crash” that bottomed on a Monday. “I see the current move as a smaller scale replay of last year’s August crash (which bottomed on Monday),” Krüger wrote on late-Friday in a post on X, adding that he would “be looking to add to longs on Monday, ideally before the US cash open,” if the overnight session remained panicky. He framed the decline as a classic shakeout rather than the start of a new downtrend. Krüger’s read hinges on macro first, crypto second. He notes that 2024’s August break came in a sequence—BoJ tightening, a hawkish FOMC, then weak payrolls—and he sees the present sequence as “similar.” There was no carry-trade impulse this time, he said, but markets digested a modestly hawkish Fed, mixed Big Tech earnings, a hotter-than-expected PCE inflation print, and finally a “horrid” US payrolls report—after which risk assets slid in tandem and crypto tracked equities lower. The latest PCE data, released July 31, showed headline inflation accelerating to 2.6% year over year and core PCE at 2.8%, a notch above forecasts—what Krüger summarized as “slightly hot.” Earnings tape-bombs reinforced the risk-off mood. Microsoft and Meta beat estimates and initially rallied, while Apple’s reception was cooler and Amazon’s results were “very poorly received,” with AMZN sliding about 7–8% as investors questioned AWS’s momentum. Coinbase’s report landed at the other extreme for crypto beta: revenue missed expectations and the stock fell, a backdrop Krüger called “dreadful” for sentiment. “Even though the aforementioned concerns emboldened bears, this week’s move has been mainly a macro story, given how crypto traded mostly in line with equity indices,” he wrote. He also flagged an unusual political and geopolitical coda to this weekend’s rout. After the weak jobs report—plus an unusually stark revision by the Bureau of Labor Statistics, May and June were revised down by a combined 258,000 jobs—markets lurched, and the White House’s subsequent decision to reposition two US nuclear submarines amid heated exchanges with Moscow added to stress, he said. Kremlin officials later tried to downplay escalation risk, calling the submarine moves “routine.” Krüger called the nuclear rhetoric and presidential barbs at the Fed “noise” for markets, but said the combination likely helped flush leveraged positions into the close. On crypto-specific drivers, Krüger listed a cluster of narratives that, in his view, amplified bearish conviction without changing the macro center of gravity: disappointing Coinbase results; debate around whether MicroStrategy could curtail its at-the-market equity issuance, limiting incremental BTC buys; questions about the sustainability of “DATs” (digital-asset treasury companies) tied to ETH; and, on the other side of the ledger, the SEC’s new “Project Crypto,” a policy push to modernize securities rules and move more market infrastructure on-chain—“an extremely bullish development that should drive inflows later in the year,” as he put it. The SEC’s chair outlined “American Leadership in the Digital Finance Revolution” last week, framing tokenization and on-chain market plumbing as a regulatory priority. Krüger’s base case is timing-driven: either crypto “bottomed after today’s close, given the sheer violence of that final dump, or will be bottoming together with equities on Monday.” In his plan, the trigger to add risk was early Monday—assuming the overnight remained disorderly—on the view that the analog to August 2024 would rhyme at the turn of the week. “A violent shakeout,” he wrote, not a regime change. He remains constructive into the fourth quarter, citing three pillars: a still-solid US economy, the start of Fed rate cuts, and a steadily improving regulatory climate that should broaden institutional and retail participation. Policy churn could amplify that path. Krüger pointed to Fed Governor Adriana Kugler’s resignation—effective this month—as a potentially market-relevant shift because it hands the White House an earlier-than-expected Board vacancy, and to former Fed Governor Kevin Warsh’s call for a new “Treasury–Fed accord” as a signpost for constraints on central-bank independence. On Monday he added, “This will prove to be very important later on,” citing Warsh’s argument about “limits on the Fed’s independence to help the govt with its finances.” Whether those institutional dynamics translate into earlier or deeper rate cuts remains open, but markets have already moved to price odds to 85% for a September cut following the payrolls miss. Krüger’s longer arc is unabashedly bullish but explicitly conditional on the macro. “I remain bullish on crypto into Q4,” he wrote, while warning that ETH-linked treasury plays could “lose momentum dramatically” later in the year if goods inflation re-accelerates as corporates pass tariffs through. He set a one-year Bitcoin target for mid-2026 at $200,000–$250,000—“extreme, but possible”—on the premise that a more dovish Fed in 2026 would coincide with ongoing adoption. For now, he is treating last week’s cascade as an echo of 2024’s Monday bottom. As he put it: “Now let’s see how this ages.” At press time, BTC recovered to $

Stellar (XLM) is currently stabilizing near the $0.42 mark after a volatile July rally that pushed prices up by more than 75%. Following a brief pullback to around $0.37, buyers have stepped in, keeping the token above critical support zones. As of early August, XLM trades between $0.384 and $0.392, signaling a period of healthy consolidation rather than panic-driven selling. Technical analysis shows that XLM is approaching key resistance at $0.4007, with immediate support sitting at $0.376. The Relative Strength Index (RSI) remains neutral, while decreasing trading volume indicates that current moves are driven more by profit-taking than bearish sentiment. Analysts Predict 5x Rally by Q4 — Can Stellar (XLM) Deliver? Despite short-term volatility, analysts are optimistic about XLM’s prospects heading into Q4 2025. Projections suggest that if the current support levels hold and bullish momentum returns, the token could target $0.52 and eventually push toward $0.60 or beyond. Some bold forecasts even point to a 5x rally, potentially sending XLM as high as $1.50. A key driver behind this bullish outlook is increasing whale accumulation. On-chain data reveals a rise in wallet addresses holding over 10 million XLM, signaling strong confidence from long-term investors. Exchange inflows remain stable, further indicating that large holders are not rushing to exit positions. Institutional Interest and Long-Term Fundamentals Support XLM Institutional sentiment toward Stellar has improved significantly in 2025. Several asset managers have included XLM in their infrastructure-focused crypto portfolios, reflecting growing confidence in Stellar’s real-world utility. Key partnerships with companies like IBM, MoneyGram, and Franklin Templeton continue to bolster the network’s relevance in cross-border payments and CBDC development. Additionally, Stellar’s focus on fast, low-cost global transactions and the development of its smart contract platform, Soroban, support its position as a top-tier altcoin. If the price can hold current levels and gain momentum above $0.40, Stellar could be poised for another major leg up. As XLM holds firm around $0.43, a breakout above key resistance could spark the rally analysts have been forecasting, potentially making Stellar the next top-performing crypto. Cover image from ChatGPT, XLMUSD chart from Tradingview

An analyst has pointed out that XRP has seen a death cross on its MVRV Ratio, a potential sign that a steeper drawdown could be coming. XRP MVRV Ratio Has Crossed Under Its 200-Day MA In a new post on X, analyst Ali Martinez has talked about a crossover that has occurred in the Market Value to Realized Value (MVRV) Ratio of XRP. The “MVRV Ratio” refers to an on-chain indicator that tells us how the Market Cap of the asset compares against its Realized Cap. The Realized Cap is a capitalization model that calculates the cryptocurrency’s total value by assuming the ‘real’ value of each token in circulation is equal to the price at which it was last transacted on the blockchain. This is different from the Market Cap, which takes the current spot price as the same one value for the entire supply. As the last transaction of any token is likely to denote the last point at which it changed hands, the price at its time could be considered as its current cost basis. Thus, the Realized Cap, which adds up this value for all coins, is essentially the sum of the capital that the investors have put into the asset. Since the MVRV Ratio compares the Market Cap, which can be thought of as the current value held by the investors, against this initial investment, it provides a measure of the profit-loss balance of the market. When the value of the indicator is greater than 1, it means the holders as a whole are sitting on some net unrealized profit. On the other hand, it being under the cutoff implies the dominance of loss on the blockchain. Now, here is the chart for the XRP MVRV Ratio shared by the analyst that shows the trends in its daily value and 200-day moving average (MA) over the past year: As displayed in the above graph, the XRP MVRV Ratio has remained above the 1 mark (corresponding to 0% on the chart’s scale), suggesting the overall market has been in the green recently. There have been some fluctuations within this profitable region, however, like earlier in the year when the metric witnessed a drawdown during which it slipped below its 200-day MA. With the price surge in July, the indicator managed to recover back above the line, but after the latest decline, it has once again crossed below it. “The MVRV ratio flashed a death cross for XRP, suggesting a steeper correction could be underway!” explains Martinez. It now remains to be seen how the cryptocurrency’s price would develop from here, given the formation of this bearish crossover. XRP Price At the time of writing, XRP is trading around $3.00, down around 6.5% over the past week.

Nevada Gold Mines (NGM) and Komatsu have partnered to elevate workplace safety and enhance operational efficiency through the deployment of Komatsu’s FrontRunner Autonomous Haulage System (AHS). NGM, a joint venture between Barrick Mining (NYSE: B) and Newmont (NYSE: NEM) will be automating their fleet of 300 and 230 tonne haul trucks across their surface operations. While visiting the company’s Cortez operations this week, Barrick chief executive Mark Bristow joined site leaders to witness a live demonstration of the FrontRunner AHS. The collaboration marks the first implementation of the system for both companies within the United States, Barrick said. “This is a strong example of how proven global solutions can be adapted to meet NGM’s specific operational needs,” Bristow said in a news release. “Barrick and NGM are committed to innovation that drives meaningful change. But more than that, it’s about protecting our people. By reducing the need for onboard operators, the FrontRunner system significantly minimizes employee exposure to potential hazards, while enhancing more predictable fleet performance, better fuel consumption and continuous operations — all of which contribute to a safer, more sustainable future for mining,” Bristow said. “The scale and ambition of this deployment mark a major milestone for autonomous mining in America,” added Braden Weisheit, GM, mining technology solutions at Komatsu. “To support the performance and reliability of this cutting-edge system, Sedna and Nokia will deploy a customized 5G communications infrastructure. This tailored network will provide the high-speed, low-latency connectivity required for seamless system performance, real-time data exchange and safe, remote equipment operation.”

Ethereum’s on-chain activity is heating up, and price action tends to follow this growing engagement. Rising active addresses indicate that existing users are interacting with the network more frequently, while the surge in new addresses reflects a steady influx of fresh participants. These metrics suggest that ETH growth is being driven by genuine utility, rather than pure speculation. If these daily transactions persist, ETH could be entering a new phase where fundamentals and market sentiments begin to align, as the ETH engine runs hotter than ever. Is Ethereum Positioning For Market Leadership? Ethereum on-chain activity is quietly but decisively gaining momentum. According to Cas Abbe’s post on X, ETH’s daily transactions have now climbed to their highest levels in more than a year, which is a sign that network usage is not just holding steady, but also accelerating. Data shared by the expert shows that the number of daily transactions stands at about 1.7 million. This surge in activity suggests that ETH’s fundamentals are strengthening, even if price action hasn’t fully reflected it yet. Presently, more users are engaging with the ETH network, as both active addresses and new addresses trend sharply upward. This is more than short-term trading noise; it’s a sign of real adoption and sustained network usage. While daily transactions have spiked, the EIP-1559 upgrade has continued to act as a quiet and powerful force in Ethereum’s economics by permanently removing ETH from circulation over time, leading to a tightening supply. Despite recent market volatility, Cas Abbe highlighted that the net ETH emissions remain near neutral, which means that the ETH supply dynamics are becoming increasingly tight. This combination of rising network usage and limited net supply is a powerful market signal. It shows that ETH momentum isn’t being driven by short-term hype, but by genuine, sustained demand for block space and the service built on its network, and long-term fundamentals. Could Strategic Accumulation Mark The Start Of A New Bull Phase? Ethereum continues to experience notable growth in several key areas. Recent reports revealed that ETH’s strategic reserve has exploded in size over the past few months, signaling a dramatic shift in market positioning. An analyst known as Crypto Patel stated on X that back in April, the ETH strategic reserve stood at around $200 million. Meanwhile, today, the reserve has surged to an astonishing $10 billion, which reflects a 50% increase in just four months. The sharp growth in the ETH strategic reserve is more than just a big number; it’s a clear signal of strong accumulation and deep long-term confidence in the ETH network’s future. It also suggests staking growth and large-scale capital repositioning ahead of ETH’s next potential catalysts.

Bitcoin (BTC) is down 3.6% over the past week, falling from around $119,800 to the $114,500 range at the time of writing. This weakening price action is also reflected in spot Bitcoin exchange-traded funds (ETFs), most notably in BlackRock’s IBIT Bitcoin ETF, which saw over $2.6 billion in outflows on August 1. IBIT Bitcoin ETF Sees Massive Outflows According to a recent CryptoQuant Quicktake by contributor Amr Taha, BlackRock’s IBIT ETF recorded more than $2.6 billion in outflows on August 1 – the highest figure in the past two months across all listed Bitcoin ETFs. Taha highlighted that the sharp reversal in institutional demand for Bitcoin ETFs comes after several weeks of positive inflows, and indicates a growing sense of caution among ETF investors. Data from SoSoValue confirms the trend. For the week ending August 1, US-based spot Bitcoin ETFs recorded a net outflow of $643 million. This marked the end of a seven-week streak of positive inflows, which had totaled more than $10 billion. Another important point is that the $2.6 billion outflow from BlackRock’s IBIT ETF was not mirrored by other ETFs. Analyst Taha also identified a correlation between IBIT outflows and Binance-origin USDT transfers on the Tron network. In his analysis, the CryptoQuant contributor noted that alongside the IBIT outflows, USDT transfers on Tron from Binance fell from approximately $2 billion to $1.3 billion – a sharp 35% decline. Taha added: The timing strongly suggests a link between the ETF-driven selling pressure and the accelerated pace of stablecoin withdrawal via Tron, a blockchain renowned for fast and cost-efficient transactions. Tron network’s low fees and speed make it a preferred blockchain for both retail and institutional stablecoin transfers. Therefore, a drop in USDT transfers from Binance – occurring in tandem with IBIT outflows – suggests that institutional interest in BTC may be temporarily cooling off. Recent on-chain data shows Binance continues to lead other exchanges such as OKX, HTX, and KuCoin in terms of Tron-based USDT transfers. As a result, Binance volume trends often serve as a reliable indicator of investor sentiment shifts. Fresh Data Presents Mixed Forecasts Beyond weakening ETF demand, new exchange data signals potential headwinds for Bitcoin in the near term. For example, Binance’s net taker volume dropped to -$160 million last week, indicating increased sell-side activity. From a technical standpoint, things appear less than optimistic. Crypto analyst Josh Olszewicz recently predicted that BTC could remain range-bound until October 2025. Still, not all signs are bearish. A recent report from CoinShares estimates that Bitcoin could rise to $189,000 if it captures just 2% of global M2 money supply or 5% of gold’s market cap. At press time, BTC trades at $114,494, up 0.3% in the past 24 hours.

Log in to today's North American session recap for August 4, 2025. After a brutal Friday session for risk-assets, some heavy dip-buying has been ongoing in today's session bringing the move upwards to start the week. Days like today tend to be tricky in terms of price action due to some caution as bad numbers tend to see some follow through as profit-taking occurs, but it seems that Thursday's selloff had been pre-emptive and allowed value-seekers to find what they wanted. The Market is finding some ease in the strong pricing for a September cut amid political pressure form the Trump Administration and some FED Members starting to show concerns about the Economy. For now the mandate is still Employment and Inflation but it will be extremely interesting to see how they communicate after the bad NFP report. Probabilities of Policy Rate for the September Meeting, August 4, 2025 – Source: CME FedWatch The pricing for a 25 bps cut in September is around 92.5% towards the end (it was closer to 40% after last Wednesday's Powell conference post-FOMC) Read More: Crypto bounce: Bitcoin and Ethereum play catch-up to stock market highs It will be interesting to see how Markets perform this week as there isn't too much in terms of key data this week (except for some US Services PMIs and Employment data for NZ and Canada). Markets will have to hold their risk-on behaviors to avoid Sellers taking control of the action again as some tops have been formed in the past week. Daily Cross-Asset performance Cross-Asset Daily Performance, August 4, 2025 – Source: TradingView The daily asset-performance picture as a bit unusual, with Commodities showing a very different story compared to risk-assets. Gold is pursuing its run higher while Oil seems to be trading in recession/lower economic activity levels – Stocks on the other hand have just flew upwards as if nothing happened on Friday. Trading might be tricky this week so it'll be essential to keep an eye on all asset classes to have a clearer view of what's going on. A picture of today's performance for major currencies Currency Performance, August 4 – Source: OANDA Labs The Forex picture is very mixed with the CHF being the worst performer out of all majors while the JPY is on top – a strange picture that could find some explanations in CHF/JPY making daily all-time highs since April; the Pair fell harshly in today's session. For the rest, the USD is mixed and finishes the session close to unchanged. It would be a lie to say that things are not confusing in today's session. Earnings Season: Who is releasing their numbers tomorrow Earnings Calendar for August 5th – Source: Nasdaq.com Some of the key earnings to monitor for tomorrow's session will be Pfizer in the pre-open and AMD in the after-close. 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. The session is not finished yet for AUD Traders that will have to look at both Australian PMIs and China's Caixin Services PMIs. JPY traders will also need to stay awake for the Bank of Japan minutes at 19:50. Tomorrow's session will be interesting with the day starting with the Eurozone PPI data (consensus 0.8% m/m), US Services PMI releasing at 10:00 expected at 51.5. The evening session will conclude with the New Zealand's Employment change expected at -0.1% m/m. Safe Trades and nice trading week to you all! 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.

Europe’s top central bank is firm on one thing: banknotes aren’t going anywhere. On Monday, ECB Executive Board member Piero Cipollone vowed that euro coins and bills will remain at the heart of payments, even as Brussels moves ahead with plans for a state-backed digital euro. He warned that without a public digital option, privately issued stablecoins could gain too much ground—especially in cross-border transfers. ECB’s Cash And Digital Push According to a blog post by Cipollone, the digital euro will sit alongside physical money, not replace it. He wrote that cash and digital euros, both with full legal tender status, will give consumers more choice. Reports have disclosed that on April 8, Cipollone said a digital euro would curb the rise of foreign-pegged stablecoins in Europe. He added that failing to launch it would leave risks on the table and forgo key opportunities. Private Coins Are Growing Fast Crypto payments are on the rise. Stablecoins now handle many everyday buys and cross-border deals. Data shows that these digital coins often tie to the US dollar and escape strict banking rules. That worries regulators who fear a shift away from the euro. By building its own digital currency, the ECB plans to keep control firmly in its hands. Public Interest Remains Low A working paper published on March 13 found that Europeans aren’t exactly lining up for a digital euro. When people were asked to split 10,000 euros (about $10,800) among different assets, only a small slice went to the digital version. Cash still dominated. Based on reports, that survey showed nearly all respondents kept most of their mix in coins, bills or traditional bank deposits. Calls For Stablecoin Rules Some analysts say the world needs a stablecoin rulebook, pointing out that strong global coordination is vital to check the power of dollar-pegged coins. Other financial experts agree, highlighting the significance of options like regulated euro-pegged stablecoins, distributed ledger applications and the digital euro itself. By stressing that cash is here to stay, the ECB sends a clear message: innovation must not come at the cost of stability. The plan is to roll out the digital euro in a way that works for all Europeans—whether they live in a city with fast internet or a town where ATMs are lifelines. Featured image from Meta, chart from TradingView

Earlier last week, the Ethereum price was retracing severely, giving up a fraction of the gains garnered from the previous bull rally. Despite this brief show of weakness, a crypto pundit forecasts that the leading altcoin may be on the brink of an explosive rally toward a new all-time high of $9,000. This bullish projection is based on the completion of a Broadening Wedge formation and an ongoing retest of the pattern’s upper boundary, which may now act as support. Ethereum Price Chart Signals Major Breakout According to the new technical analysis released by crypto market expert Gert van Lagen on X social media, Ethereum could be gearing up for a major breakout move, with price action potentially targeting upper bullish levels around $9,000. This report is based on a key chart pattern, the Descending Broadening Wedge, which has historically proven to be a powerful bullish continuation setup. On the weekly timeframe, Ethereum has completed a breakout above the upper resistance of the long-standing Descending Broadening Wedge pattern. After its initial breakout attempt, Lagen notes that Ethereum is now retesting the former resistance trendline, which has flipped into potential support. This retest is considered critical, with the analyst highlighting it as ETH’s second attempt to break higher while sustaining its bullish momentum. The technical setup, as outlined by Lagen’s price chart, shows a projected upside of 79% from the breakout point, which could send Ethereum soaring toward the $9,000 level. Lagen highlights that statistically, such patterns resolve upward 67% of the time, reinforcing ETH’s bullish outlook. The price zone also aligns with a historical sell line—an area where traders may begin taking profits as the cryptocurrency approaches upper targets. Interestingly, Lagen notes that the Bitcoin price has previously formed a similar Descending Broadening Wedge structure. At the time, the analyst had predicted that a successful retest of the pattern’s upper boundary could trigger a massive surge to $230,000 for Bitcoin. This historical parallel reinforces the belief that Ethereum could be on the verge of a similar upward trajectory if the current retest confirms support. Analyst Sees ETH Surpassing $5,000 This August Despite ETH’s brief pullback, August is shaping up to be a potentially explosive month for the leading altcoin. Market expert, ‘Crypto GEMs’ on X, predicts that Ethereum will break past $5,000 before the month is over. The analyst’s technical chart shows a strong bullish setup forming after Ethereum’s brief price correction. Currently, ETH is trading around $3,554 following a steep drop from its July highs of around $3,900. While this decline may appear concerning to some, Crypto GEMs sees it as a golden buying opportunity. The analyst encourages traders to take advantage of lower prices and “buy the dip”, as ETH positions for its next potential leg up.

The session is risk-on as market participants already seem to be moving on from the consequent miss and downwards revisions to the NFP data – and this was just Friday. Some questions remain on the current state of affairs as safe-havens have also appreciated on the session, but the rally is still way more consequent in risk-assets. Cryptos haven't rejected the positive mood around markets as most digital assets are green today, and by a decent margin. They were leading on the way down after starting to correct last Wednesday and most coins are now aiming to catch up to their recent highs. Bitcoin wicked on its support zone at 112,000 and now trades around the $115,000 level – Sentiment will need to be watched closely to monitor potential bull traps, but for now the day is green. Read More: Gold close to $3,400 maintains a picture of hesitancy in risk-assets Taking a look at the ongoing session for Cryptocurrencies Current session in Cryptocurrencies, August 4, 2025 – Source: Finviz The picture is very green for now, with cryptos up between 0.50% for BTC to 7% for Litecoin. There has been some kind of small intraday top that has just formed though – let's take a look at Bitcoin and Ethereum to see if it has there is some more potential to the current move. Bitcoin 4H Chart Bitcoin 4H Chart, August 4, 2025 – Source: TradingView This weekend marked some touches to the $112,000 level serving as Main support which triggered some small buying. Momentum is stalling a tid bit as the middle level of the downwards ATH descending channel is approaching. Traders will need to be watch for the reactions at the current level: Rejecting here shows a more bearish outlook (as prices would fail to breach the mid-line, a typical sign of buyer exhaustion) while consolidating here / breaking above would point to a test of the higher bounds of the channel around $118,500. Levels to place on your charts: Support Levels: lower bound of descending Channel $113,200Previous ATH Support $110,000 to $112,000$100,000 Major SupportResistance Levels: $116,000 to 117,000 Pivot (confluence with 4H MA 50)$120,000 Resistance (+/- $300)Current ATH Resistance $121,000 to $123,000Ethereum 4H Chart Ethereum 4H Chart, August 4, 2025 – Source: TradingView Ethereum has rallied strongly in the session, up at one point 4.30%. Some sellers seem to be appearing at the 4H MA 50 at a confluence with the $3,700 resistance zone. RSI is back from bearish to neutral but the imminent action is essential as the momentum seems to be stalling around here – Failing to pass above the neutral line gives a more bearish tilt. Levels to place on your charts: Support Levels: Overnight lows $3,483Pivot Zone 3,400 to 3,500Support around 3,250Resistance Levels: Immediate resistance Between $3,700 to $3,7504H MA 50 $3721$3,946 Intermediate highs$4,090 December 2024 highs$4,870 All-time highs 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.

Trading in the region of $37.35700 in today’s session, Silver looks to continue bullish momentum shown in Friday’s session, rallying from monthly lows. Silver (XAG/USD): Key takeaways from today’s session Writing after Friday’s weak job report, Silver has found support on a weakened dollar and as traders adjust expectations for Fed monetary policyLatest developments on trade tariffs are also boosting safe-haven inflows, benefiting silver pricingSilver (XAG/USD): Weak US labor data bodes well for precious metals Having recently succumbed to short-term selling pressure from all-time highs made in late July, recent US jobs data has helped bolster precious metal pricing. Missing expectations by some margin, coupled with some significant revisions to previous months, Friday’s nonfarm payroll represents not only a poor result, but poses a serious threat to previously held convictions that the US labor market is healthy. This goes double for the Fed, who have used the perceived health of the US labor market as a reason to defer the lowering of rates. Read more on Friday’s NFP report: Major NFP disappointment combined with sharp downward revisions Meanwhile, POTUS Donald Trump claims the jobs numbers have been doctored for political gain, firing BLS official Erika McEntarfer. If nothing else, this raises questions on how future economic data will be recieved by markets alike. At least one outcome has been a defiant increase in rate cut bets, with market ovewhelming predicting the Fed will cut in their upcoming decision, which is a undeniable positive for silver pricing. CME FedWatch, 04/08/2025 Putting things in perspective, silver, previous metals in general, boast one of the best yearly performances of all asset classes bar crypto, even while US rates have have been maintained at ~4.50% since December of last year. Silver (XAG/USD): Commitment to reciprocal tariffs silver positive In a relationship well studied by the market, recent developments surrounding tariffs are safe-haven flows, weakening the dollar, and ultimately increasing silver pricing. Most recently, Trump has renewed his commitment to reciprocal tariffs, and although revised lower than first planned, the White House remains committed to a new era of protectionism for US domestic industries. This time, it would seem that Brazil is one of the worst-affected countries, and is now subject to a 50% tariff on all US-bound imports since August 1st, since a formal trade agreement between the two nations was not made. While the eventual outcome of trade tariffs, for better or worse, is yet to be fully understood, any increase in market uncertainty surrounding US trade continues to boost silver pricing. Silver (XAG/USD): Technical analysis (04/08/2025) Silver (XAG/USD), OANDA, TradingView 04/08/2025 On the daily timeframe, silver currently approaches an area of resistance at ~37.29833. If able to break and hold, this can also act as an area of supportHaving broke the upward trendline, silver will need to stablise before price is able to push higher Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The Metals Company (Nasdaq: TMC), released Monday a Technical Report Summary (TRS) of the Pre-Feasibility Study (PFS) for its proposed NORI-D Polymetallic Nodule Project in the Clarion Clipperton Zone of the Pacific Ocean. The report was prepared in accordance with SEC Regulation S-K (SK-1300) and The PFS marks a world-first declaration of Probable Mineral Reserves for deep-sea polymetallic nodules. The Canadian miner, which has exclusive access to the Nori Clarion-Clipperton Zone, in March formally initiated a process under the US Department of Commerce to apply for exploration licenses and permits to extract minerals from the ocean floor. Mining international waters is in the spotlight as companies and countries are looking at minerals concentrated on the ocean floor that can be used in batteries for smart phones and electric vehicles. Alongside the PFS, TMC announced the publication of an Initial Assessment (IA) for the remainder of its resource in the NORI and TOML blocks in the CCZ, with a measured and indicated mineral resource of 73Mt of wet nodules grading 1.30% nickel, 0.20% cobalt, 1.2% copper and 30.2% manganese with an abundance of 12.8 Kg/m2 and an inferred mineral resource of 1206 Mt of wet nodules grading 1.30% nickel, 0.20% cobalt, 1.1% copper and 28.7% manganese with an abundance of 11.6 Kg/m2 supporting an After-tax NPV of $18.1 billion and After-tax IRR of 35.6%. The mineral resource reports follow TMC USA’s April submission of an application for a commercial recovery permit under the U.S. Deep Seabed Hard Mineral Resources Act (DSHMRA), along with two exploration license applications. The reports also follow an $85 million investment from Korea Zinc in June. The deal gives Korea Zinc a 5% stake in TMC through the purchase of 19.6 million shares at $4.34 each. It also includes a three-year warrant allowing the South Korean refiner to acquire an additional 6.9 million shares at $7 apiece. TMC’s bid to become the first company to gain approval to develop deep sea minerals has been controversial. Environmental groups are calling for all activities to be banned, warning that industrial operations on the ocean floor could cause irreversible biodiversity loss. Despite the opposition, TMC CEO Gerard Barron has declared the debate over. “The combined net present value of $23.6 billion of the two studies should give investors a better idea of the economic potential of our total estimated resource, Barron said in a news release Monday. “The PFS takes our NORI-D Project economics up the confidence curve and contains the declaration of mineral reserves — these are our first 50+ million tonnes with a potential commercially viable path to production, with more to follow as we advance our mine planning work,” Barron said. The phased project development plan will target initial production from the Hidden Gem vessel, with an estimated $113 million of development capital expenditure each from TMC and Allseas. The company said first production is targeted for Q4 2027. The Metals Company’s stock was down 6.2% in mid-afternoon trading on the Nasdaq. The company has a $2.2 billion market capitalization.

The Hidden Danger of Complacency in Trading Staying Sharp: Avoiding the Trap of Trader Complacency When it comes to yrafng, whether in forex, commodities, or equitie. one of the most dangerous traits a trader can develop is complacency. The moment you let your guard down, markets often have a way of springing to life, usually at your expense.I learned this the hard way during my time running a forex dealing room for a commodities company. It became an inside joke that every time I stepped away from the desk, be it for lunch, a meeting, or a quick break, the market would suddenly wake up with unexpected volatility. A Familiar Pattern: Markets Move When You Least Expect It Fast forward to just this past Friday. After an active morning session, I felt the market woulld settke into its typical Friday afternoon rang, a period characterized by low volatility and range trading. With a scheduled appointment on the calendar, I left the office feeling confident that I wouldn’t miss much. I was wrong. Shortly after I stepped out, a headline broke that President Trump had fired the head of the Bureau of Labor Statistics, the very agency responsible for the disappointing U.S. jobs report that morning. The dollar, which had seen some profit-taking, quickly sokd off in response. Once again, complacency cost me an opportunity to trade. The chart below shows what followed, another reminder that quiet markets often mask hidden potential for explosive moves. Why Complacency in Trading Is So Dangerous 1. Liquidity Dries Up During slow periods, market liquidity tends to thin out, especially when major participants step away. This creates a fragile environment where even modest buy or sell orders can cause outsized price movements. 2. Congestion Breeds False Security Sideways trading or tight ranges often cause traders to reduce their positions. While this might seem safe, it makes the market less able to absorb fresh flows, leaving it vulnerable to surprise breakouts. 3. Stop Losses Become Easy Targets In quiet markets, stop-loss orders tend to cluster closer to current prices and hav sharks or go on alert. When the market finally moves, these stops can get triggered. How to Guard Against Complacency in the Markets Let me be clear: I’m not advocating for traders to glue themselves to the screen 24/7. Burnout is real, and mental clarity is essential for effective trading. However, it’s important to stay alert and not get lulled into complacency, especially when the market seems dull. Here are a few actionable tips: Use alerts: Set price alerts for key technical levels so you’re notified of potential breakouts. Monitor the news: Slow markets are often jolted into action by unexpected headlines. Having a real-time news feed, such as Newsquaek.com (7 day free trial), can give you an edge. Look for compression: Tight consolidations often precede strong directional moves. Treat these as setups, not just Stay Sharp, Even When the Market Sleeps The market doesn’t owe you anything, not predictability, not consistency, and certainly not profitability. Complacency is a trader’s silent enemy, creeping in during quiet hours and striking when you least expect it. The moral of the story is this: when the market seems too calm, that’s often the time to raise your alert level. Don’t make a rookie trading mistake. Whether it’s due to thinning liquidity, bunched-up stops, or market fatigue, history has shown that volatility lurks in the shadows of complacency. Don’t be complacent. Don’t get caught off guard. Staying Sharp: Avoiding the Trap of Trader Complacency The post Staying Sharp: Avoiding the Trap of Trader Complacency appeared first on Forex Trading Forum.

Ethereum (ETH) is capturing market attention with signals of a potential breakout reminiscent of Bitcoin’s historic 2021 bull run. Analysts cite a combination of strong technical indicators, increasing ETF inflows, and intensified whale accumulation as key reasons Ethereum could soon outperform Bitcoin. ETH recently broke out of a classic falling wedge pattern, a technical setup often linked to trend reversals. This bullish formation, combined with multiple Relative Strength Index (RSI) taps, suggests Ethereum may be poised for a significant upward move. The RSI behavior mirrors Bitcoin’s movements in early 2021, before it surged to record highs. Adding to the bullish narrative, Ethereum’s RSI has tapped its long-term trendline three times, a rare pattern seen during market bottoms and major trend shifts. $5.4 Billion in Ethereum ETF Inflows Reflect Institutional Confidence Institutional interest in Ethereum is surging. Over the past 20 days, Ethereum ETFs have recorded $5.4 billion in net inflows, with only one day of outflows in July. BlackRock’s ETHA ETF alone accumulated more than $4 billion, while the iShares Ethereum Trust added $1.7 billion across 10 straight trading days. This ETF demand marks a strong signal of growing confidence among professional investors. On-chain data also reveals a 40% surge in Ethereum ETF holdings over the last month, a vertical trajectory that underscores rapid institutional adoption. Whale Accumulation Adds Fuel to Ethereum’s Rally Potential Whales are also aggressively accumulating. More than 200 new whale addresses have been added since early July. Notably, one address reportedly purchased $300 million worth of Ether via OTC deals through Galaxy Digital. Despite recent price dips below $3,400, ETH rebounded to $3,560, signaling strong support and buyer interest. Analysts now see the ETH price forming a base for a sustained rally, especially if price closes above key resistance with rising volume. Supported by favorable technical indicators, increased institutional investments, and substantial holder confidence, ETH appears well-placed to potentially outperform Bitcoin in the coming months. As market participants anticipate the next upward movement, Ethereum may be poised to challenge Bitcoin’s prevailing market dominance. Cover image from ChatGPT, ETHUSD chart from Tradingview