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Crypto analyst EtherNasyonaL has predicted that the Dogecoin price is well-primed for a parabolic rally. This came as he alluded to the meme coin’s historical performance, while declaring it was “parabolic coded.” Dogecoin Price Eyes Rally To $1 As Analyst Says Meme Coin Is ‘Parabolic Coded’ In an X post, EtherNasyonaL predicted that the Dogecoin price could rally to the psychological $1 level, hinting that the meme coin was well-positioned for a parabolic rally. The analyst highlighted DOGE’s historical performance in the fourth quarter of 2023 and 2024, when it recorded gains of 246% and 373%, respectively. Based on this, he raised the possibility that the meme coin could also witness significant gains in this fourth quarter. EtherNasyonaL advised market participants to position themselves as the Dogecoin price eyes this parabolic rally to $1, which will mark a new all-time high (ATH) for the meme coin. In another X post, the crypto analyst again doubled down on his bullish forecast for the meme coin. He stated that the DOGE cycle 3 continues and is heading towards parabolic waves once again. EtherNasyonaL noted that in the first cycle, the Dogecoin price rose by 21,825%, while in the second cycle, the meme coin rose by 54,890%. He further remarked that DOGE is up 800% in this third cycle from its borrow to the December 2024 peak of around $0.48. The analyst added that Dogecoin has made massive jumps after every bottom in the past, suggesting that this time will not be different. EtherNasyonaL claimed that the chart suggests that the Dogecoin price may be on the verge of another major move. His accompanying chart showed that DOGE could rally above $1.5 on this next leg to the upside. ‘Conservative’ Target Of $11 For DOGE Crypto analyst Dima Potts predicted that the Dogecoin price could gain 37x from its start price this year of $0.31, reaching $11.71 by the end of the year. He described this as his conservative target, as he was avoiding projecting a 283x move, which will follow the pattern of the 83x and 183x gains the meme coin recorded in the first and second cycles, respectively. However, Dima Potts suggested that the Dogecoin price may be mirroring its historical price action. He revealed that DOGE is once again approaching the yellow resistance line, currently around $0.41 on the weekly timeframe. The analyst added that if the meme coin closes above this level, history suggests it could be on the verge of another massive rally, similar to the parabolic moves in past cycles. At the time of writing, the Dogecoin price is trading at around $0.25, up in the last 24 hours, according to data from CoinMarketCap.

Log in to today's North American session Market wrap for October 10th After an almost flawless run since June, equity markets finally met their match. Wall Street closed deep in the red as profit-taking and risk aversion swept the board. The Nasdaq plunged 3.5%, marking its sharpest daily decline in months, while the S&P 500 and Dow followed suit. The selloff didn’t spare cryptocurrencies, with Ethereum down roughly 8% since the session opened amid broad liquidation flows. The causes? After President Trump’s comments hinting at new tariffs, a mix of renewed US-China tensions reignited trade war fears. With the U.S. government shutdown extending, metals rallying to record highs, the US Dollar making a comeback, and many mentions of overstretched equity valuations, the Market saw a perfect setup to lock in profits. (A small parenthesis to announce that the BLS will publish the CPI data on the 24th of October, announcement made during the afternoon.) The red bars across the screens tell the story. Rough day for Equities – Source: TradingView Read More:Markets Weekly Outlook – Geopolitical peace and turmoil ; Third week of shutdownUS Stock Market outlook – S&P 500 breaks channel, Equities in the red to close the weekCanadian employment makes a comeback – USD/CAD reverses Yet, outside of markets, the world offered some respite: Maria Corina Machado, main opposition leader of the Maduro Venezuelan regime, was awarded the Nobel Peace Prize. Peace is materializing in the Middle East, with the IDF beginning its withdrawal under the Trump peace plan, paving the way for the release of the Israeli hostages within the next 62 hours. Cross-Assets Daily Performance Cross-Asset Daily Performance, October 10, 2025 – Source: TradingView It's the second risk-off session in this week – Watch how it drags sentiment looking forward. Next week will be very interesting. A picture of today's performance for major currencies Currency Performance, October 10 – Source: OANDA Labs Today was largely the most volatile FX session we have seen in a while. Things had been calm before the Trump tweet relaunching the Trade War A typical day for Forex risk-off flows, the NZD and particularly the AUD which had enjoyed the past risk-on weeks, have got wrecked from the daily session. This helped the bleeding JPY for the second day and same for the CHF which also had struggled recently. A look at Economic data releasing through Sunday evening and Monday's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. Markets head into the weekend on alert — Sunday’s Chinese trade data (Sep) will be the key highlight, with exports expected to rebound around +6% YoY and imports seen at +1.5%. The figures will come alongside New Zealand’s Business PSI (Sep) and the start of the IMF Meetings, which could deliver additional market-moving commentary. Traders should also stay alert for geopolitical headlines — particularly Beijing’s reaction to recent US comments, as well as developments out of France and Japan that could add off-market volatility Monday’s open. Early next week features Fed and BoE speeches, the US Budget Statement, and RBA Meeting Minutes on Monday. Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier 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 cryptocurrency market, a landscape famed for its volatility and rapid innovation, operates on a rhythm dictated by the dominance of Bitcoin and the subsequent explosion of Altcoins. This pattern is proof that the market still moves to BTC’s beat, positioning it as the unseen conductor of this vast digital sector. How Bitcoin Dominance Peaks Before Altcoin Euphoria In an X post, Swissblock has mentioned that the Bitcoin and Altcoin cycle continues to indicate that the crypto market remains firmly anchored to BTC dominance. Despite the rise of narratives and market behavior, the market is now approaching the full BTC season zone, a phase where capital seeks safety and structure within BTC. However, this cycle has an interesting nuance that dominance isn’t surging higher as expected, but stabilizing, hinting at early signs of rotation readiness. BTC still leads the narrative, commanding attention and confidence, but the dominance curve appears to be plateauing. If BTC can maintain its stability while altcoin impulses broaden, the market could soon evolve from a BTC-led phase into a mixed regime, a stage where altcoin leadership will begin to re-emerge. Leading full-time crypto trader and investor, Daan Crypto Trades, has also recently offered a key technical perspective on the current state of the crypto market, Bitcoin Dominance, and its implications for a potential all-time high (ATH) breakout. According to Daan’s analysis, BTC has been steadily outperforming altcoins in recent weeks, a dynamic he views as healthy and necessary for the broader market. As BTC dominance rises, capital and attention consolidate around BTC, reinforcing confidence and creating the conditions needed for a convincing break toward ATH. The analyst noted that this phase of BTC strength could extend further, potentially pushing BTC dominance as high as 60% before altcoins begin to catch up again. He believes that this dominance rally may be a bounce within a larger downtrend on the BTC dominance chart. Despite the shift, Daan maintains a balanced approach, keeping a 50/50 split portfolio between BTC and ETH altcoin spot positions, a strategy he has held for some time. Why Bitcoin Strength Still Matters While Bitcoin dominance is trending up, Koroush AK, Founder of ZCTraders, highlighted that as long as BTC’s price maintains above the 0.382 Fibonacci retracement level around $119,400, altcoins won’t enter panic mode. In addition, the broader market will continue positioning for potential all-time high breakouts. However, BTC may experience a short-term pullback toward the midpoint at around $116,000. Thus, if BTC remains resilient above current support, an extension toward $125,000 could trigger a clean breakout to new highs, reaffirming bullish market structure. Koroush also addresses the psychology behind this kind of trading approach, that a disciplined trader must always prepare for two scenarios when trading.

Week in review – Equities flashing red, peace in the Middle East and key milestones in Metals It has been a tense week for global markets as the US government shutdown enters its second week. What had initially seemed like a non-event is now beginning to rattle investors. The growing uncertainty around the absence of economic data and a huge US Dollar rally has started to weigh on sentiment, breaking the market’s steady bullish rhythm since late September. Risk assets are blinking. Equities and cryptocurrencies are showing cracks after a relentless climb to new records since September 23. The Dow Jones reached a record 47,000 last Friday and has since rolled over and failed to reclaim those highs. The S&P 500 and Nasdaq followed during today’s action, retreating toward four-week lows as profit-taking intensified. Bitcoin, which had just set new all-time highs to $125,700 on Monday, also faced sharp outflows. The ongoing steep selloff is dragging the total crypto market cap back below $4 trillion. Cryptocurrency total Market cap – October 10, 2025 – Source: TradingView Some geopolitical tensions have added fuel to the volatility. This morning, President Trump reignited his long-standing trade feud with China, accusing President Xi Jinping of “manipulating global trade for unfair advantage.” His comments — delivered through a series of pointed remarks on Truth Social — sent an uneasy tone across markets. The much-anticipated meeting between the two leaders at the APEC summit in South Korea in November should see further delay. Meanwhile, metals continued to shine in the chaos. Silver extended its rally, surging another 4% and breaking above $50 for the first time on record. Gold broke $4,000, marking another milestone, but some waves of volatility are seen at the highs. Will the precious metal close above the milestone at the end of the week? Most Read: Silver On The Highest Price Since 1980. Is History About to Repeat Itself? But not all headlines were grim. For good geopolitical news, the Gaza war seems to be approaching its end with Israel and Hamas both agreeing to the Trump 20-point Plan. Israeli soldiers officially retracted behind the yellow line, which should lead to the return of all the hostages in the next 72 hours, with US forces starting to enter Gaza to begin the transition period. Let’s look at what’s coming up for next week. Weekly performance from different asset classes Weekly Asset Performance, October 10, 2025 – Source: TradingView The weekly performance is extremely volatile across all types of asset-classes but I want to point your attention to the immense risk-off flows that have started around 10:00 this morning. Ethereum yet again led the action by being the first one to move – Keep an eye on it for the time to come. Read More: US Stock Market outlook – S&P 500 breaks channel, Equities in the red to close the weekCanadian employment makes a comeback – USD/CAD reverses Let’s dive into next week’s action. Expect A LOT of volatility. The Week Ahead – Still no BLS data but key speeches expectedAsia Pacific Markets - Focus on China and Australia Asia-Pacific traders face a relatively busy week, dominated by Chinese trade and inflation figures, Australia’s employment data, and ongoing political strains in Japan. The week starts quietly on Sunday with New Zealand’s Business NZ PSI for September, before turning to China’s trade balance later in the evening. Exports and imports will be closely scrutinized to confirm that last month’s modest rebound in external demand is holding. Consensus looks for exports to rise 6% YoY and imports to climb 1.5%, suggesting steady but uneven momentum. The Reserve Bank of Australia’s Meeting Minutes will be released on Monday. The AUD has been holding strong against most majors and particularly against its neighbor, the NZD, with Chinese stimulus providing a better outlook for Australia. Asia traders will also look into Chinese inflation data on Tuesday to monitor whether the ongoing deflation (currently -2.3% y/y) will continue, which should prompt or stop further stimulus from the PBoC. Wednesday is the busiest session for AUD traders, with a comprehensive Australian labor market update due at 20:30 ET. Employment change is expected to rise by 17K after last month’s decline of -5.4K, taking the unemployment rate to 4.3%. Beyond the data, Japan remains in the spotlight following Sanae Takaichi's election as head of the LDP. While the Nikkei celebrated the appointment of the first woman in power in Japan, the yen weakened sharply amid mounting fiscal concerns and a coalition deadlock with Komeito. The coming week will be crucial to see whether progress is made on forming a government and whether the JPY continues to bleed. US, Europe and UK Markets - key speeches from Powell, Lagarde and Macklem Turning back to the Occident: Key data watchers center their attention on the UK labor data (Tuesday) and industrial production (Wednesday), both crucial for gauging whether the Bank of England’s projections are well priced. Cuts have been priced out for the BoE with still crippling inflation, particularly food inflation, which starts to hurt British citizens – Tough repercussions of Brexit. Meanwhile, Europe will see its EU Zone Inflation data on Friday, but all eyes are on the ECB President Lagarde’s speech on Thursday (12:00 ET), where she’s expected to address recent market turbulence and risks to growth. France is expected to announce a new government and Prime Minister soon, possibly restoring short-term confidence in the Euro after a rough week of political weakness. Across the Atlantic, the US calendar is stacked with high-profile speeches from Fed Chair Powell, Bowman, Waller, and Barr. U.S. retail Sales, PPI, and Jobless Claims are usually released but are still delayed because the BLS and Census Bureau are not open during the shutdown. Finally, BoC Governor Macklem joins the global central bank chorus on Thursday 13:30 after stressing trade and investment weakness in recent remarks. During that speech, markets might also look to learn more about the US-Canada trade deal developments. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (High-tier data only) Safe Trades and enjoy your weekend! Follow Elior on Twitter/X for additional Market News, Insights and Interactions @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Crypto market analyst Javon Marks believes the Dogecoin price could be preparing for one of its biggest price jumps yet. He thinks this setup gives the coin a strong chance to rise much higher in the current bull market if the pattern continues to repeat as it has before. Marks explains that this pattern is not random but follows historical price data that has proven accurate over time. In his view, Dogecoin has built a reputation for repeating its market behavior during each major cycle. Every time the setup has formed, the price has responded by moving sharply higher. Javon Marks Highlights Dogecoin Price Consistent Fibonacci Pattern In his analysis, Marks points out that Dogecoin has a perfect record of reaching its main Fibonacci target in the last two market cycles. In both of those cycles, the coin reached the 1.618 Fibonacci level, giving it a 100% success rate in hitting that price target. He believes the same pattern is building again right now, which makes the chance of another significant move extremely high. According to his chart, if Dogecoin follows the same structure again, the price could rise about 800% from its current level. That would bring the coin to around $2.28, which matches the 1.618 Fibonacci level for this bull cycle. The pattern is once again forming in almost the same way it did before, which gives him confidence in the current setup. Based on this, he believes the coin could make a sharp move higher as the market continues to strengthen, just like it did in earlier bull runs. Projection Points To Potential 3,690% Rally Toward $9.8 After further analyzing Dogecoin’s price chart, Javon Marks also provides a much bigger projection. He explains that if Dogecoin performs as strongly as it did in the last cycle, the price could go far beyond the $2.28 level. In that case, the next primary target would be around $9.8, which would mean a 3,690% increase from its current price. Marks says this number is not random; it comes directly from comparing how much Dogecoin rose in earlier cycles to its current setup. In the past, the coin delivered massive percentage gains once it broke through its primary Fibonacci levels. According to Marks, the technical setup looks nearly identical to what the charts showed before Dogecoin’s previous massive rallies. If the coin once again delivers the kind of performance seen in the last bull run, the price could reach levels close to $9.8 or even higher. If his analysis is correct, Dogecoin’s strong pattern could once again lead it to a massive rally, possibly reaching the $9.8 mark he projects, which would represent one of the most significant price surges in this bull cycle.

For GBP/USD, the wave markup continues to indicate the formation of an upward wave structure, but over the past few weeks it has taken on a complex and ambiguous form. The pound has fallen too sharply recently, so the trend segment starting from August 1 now looks uncertain. The first thing that comes to mind is the complication of the assumed wave 4, which will take on a three-wave form, with each of its sub-waves also structured into three waves. In this case, a decline of the pair towards the 1.31 and 1.30 levels should be expected. However, there is a positive aspect – the wave structures of the euro and the pound have once again aligned. The European currency will likely also decline to form three convincing three-wave structures as part of wave 4. I currently see no other alternative scenarios with a clear structure. The news background has greatly hindered the realization of the most straightforward scenario, while in recent weeks the market has actively been selling the pair on rather questionable (for this) news. It should be remembered that at present much in the foreign exchange market depends on Donald Trump's policies. The market fears a softening of the Fed's policy due to pressure from the U.S. president, while Trump continually introduces new tariff packages, pointing to the continuation of the trade war. Consequently, the news background remains unfavorable for the dollar. The GBP/USD pair rose by 50 basis points on Friday, which to some extent justifies the market's trading over the past two weeks. This week, demand for the U.S. dollar grew steadily, despite there being only two significant events in the U.S. and none in the UK. What were these two significant events? The FOMC minutes. It should be recalled that these are released with a delay of about three weeks, meaning the information contained in them can by no means be considered current. A simple example – on September 17, the Fed had access to all the necessary data to make a rate decision. By October 1, the situation had changed, as the Nonfarm Payrolls report, unemployment rate, and consumer price index were not released on time due to the U.S. government "shutdown." Thus, on October 29 the Fed will have to make a decision based on a completely different fundamental backdrop. Therefore, the FOMC minutes (especially under the current circumstances) are of no importance. As for Jerome Powell's speech, he once again stated that economic data is the foundation for the FOMC Committee. Decisions will only be made based on statistics. From this perspective, even another round of monetary policy easing is not guaranteed. Perhaps markets interpreted these comments in a "hawkish" way, but it should be noted that Powell has long adhered to this approach. Therefore, his rhetoric has not changed. As a result, I can say that there were no significant reasons for the strengthening of the U.S. currency, which contradicts the wave markup. Nevertheless, what happened has happened. Now we have to work with an updated wave structure, which is objectively more complicated than the previous one, but still implies the pair's growth. General conclusions. The wave picture of the GBP/USD pair has changed. We continue to be dealing with an upward, impulsive trend segment, but its internal wave structure is becoming more complex. Wave 4 is taking on a complex three-wave form, with a structure much longer than wave 2. Since we are now observing the formation of another corrective three-wave structure, it may be completed in the near future. If this assumption is correct, the pair's upward movement within the global wave structure may resume with its initial targets. The higher-scale wave markup looks almost perfect, even though wave 4 has surpassed the peak of wave 1. However, let me remind you that perfect wave markups exist only in textbooks. In practice, everything is much more complicated. At this point, I see no grounds to consider alternative scenarios to the upward trend segment. The main principles of my analysis: Wave structures should be simple and clear. Complex structures are hard to trade and often bring changes.If there is no confidence in what is happening in the market, it is better to stay out of it.One can never have 100% certainty about the direction of movement. Always remember protective Stop Loss orders.Wave analysis can be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

New Bitcoin (BTC) price forecasts suggest that the leading cryptocurrency could cross $140,000 before the end of October. Based on historical data and advanced empirical modeling, a crypto analyst has confirmed that the probability of Bitcoin finishing the month above this key level appears increasingly likely. Bitcoin Price Set For Major October Rally According to a price prediction shared by crypto analyst and economist Timothy Peterson on X social media, Bitcoin’s trajectory in October appears promising. His AI-based bootstrapped simulation chart also suggests that half of the month’s gains may have already been realised. The empirical model, which draws on data from October 2015 to 2024, reveals a 50% probability that BTC could end the month above $140,000, representing a roughly 15% surge from current levels of around $121,000. Additionally, the model indicates a 43% probability that the Bitcoin price will finish below $136,000 within the same time frame. Peterson’s chart displays observed daily prices leading into October 2025 and a projected range extending into early November. The model’s mean prediction, represented by the dashed blue line, suggests a gradual climb from the $120,000 range toward the $140,000 mark. The 68% confidence interval remains comfortably positioned above $130,000 for much of the forecast period. The model also includes a 95% confidence interval, shown by the wider orange band, which highlights the full range of likely outcomes. It suggests that Bitcoin has only a slight chance, about 5%, of finishing October below $110,000 and above $170,000. Interestingly, Peterson noted in an earlier post that October has historically been one of Bitcoin’s strongest months. His analysis highlights that specific days within the month, including the 9th, 20th, and 28th, have been bullish 71% of the time, while the 29th has seen gains 78% of the time since 2015. This historical tendency of October surges lends additional weight to the analyst’s bullish Bitcoin price forecast, suggesting that recurring patterns could help propel the cryptocurrency to new all-time highs soon. Long-Term BTC Setup Supports Steady Growth Toward $200,000 In another report, Peterson presented a chart illustrating Bitcoin’s long-term price structure since 2022. While he clarified that he is not a proponent of traditional technical analysis, he emphasized his belief in repeating market cycle patterns. The chart depicts Bitcoin’s price movement within two parallel red trend lines, showing a consistent upward trajectory since the market bottom. Within this framework, several green upward segments indicate recurring phases of rapid price appreciation. According to this cyclical model, Bitcoin remains firmly within an established growth channel, projecting a potential rise toward $200,000 within the next 170 days. Peterson assigned this bullish scenario a “better than 50/50 chance,” suggesting that current market structure and historical recovery patterns support the case of continued Bitcoin price appreciation well into 2026.

Today, Friday, for the second day in a row, the GBP/JPY currency pair is under pressure from sellers, retreating from the July 2024 high reached earlier this week around the 205.30 level. The unexpected victory of Sanae Takaichi in last Saturday's leadership election of the ruling Liberal Democratic Party (LDP) paved the way for her to become Japan's first female prime minister and fueled speculation about a more expansionary fiscal policy. This weakened expectations of an immediate rate hike by the Bank of Japan, creating significant pressure on the Japanese yen earlier in the week. At the same time, Takaichi emphasized that she does not intend to allow a sharp weakening of the yen. Combined with verbal warnings from Japan's Finance Minister Kato, who stressed the importance of exchange rate stability and promised close monitoring of volatility, this provides some support for the yen and eases pressure on GBP/JPY. Meanwhile, Takaichi's economic advisors, particularly Etsuro Honda and Takuji Aida, expressed the view that the new prime minister will likely approve another rate hike in December or January. Inflation in the country has remained at or above the Bank of Japan's 2% target for more than three years, while the economy continues to grow. This creates conditions for further monetary tightening and supports demand for the yen. In addition, a cautious market mood strengthens the yen's appeal as a safe-haven currency, adding further pressure on the GBP/JPY pair rate. At the same time, the downward potential of the pair is limited by expectations that the Bank of England will keep the interest rate at 4% until the end of the current year, given signs of accelerating inflation and strengthening economic activity. This could support the British pound and contribute to stabilization of the currency pair. From a technical perspective, despite the fact that prices rolled back by almost 50% after such a sharp rise, this does not mean that the pair is ready for a broad decline. Oscillators on the daily chart remain in positive territory and have moved away from the overbought zone. The 9-day EMA remains above the 14-day EMA, confirming a positive outlook. However, if prices fail to hold above the 202.00 level and fall to the 201.00 level, the situation will shift in favor of the bears. The table below shows the percentage change of the Japanese yen against major currencies today. The yen showed the greatest strength against the New Zealand dollar. The material has been provided by InstaForex Company - www.instaforex.com

According to Coinbase’s internal metrics shared by community figure Moonkie, XRP drew 32,000 searches on the exchange in the past 24 hours, making it the most searched token on the platform. Bitcoin trailed with 26,000 searches, BNB pulled 22,000, and Ethereum recorded 18,000. The spike in search activity comes amid rising debate about whether retail interest will turn into real buying pressure. Search Interest Surges Based on reports, search trends can sometimes foreshadow market moves. Traders and new investors often look up tokens before placing orders. Some observers tied the rush of queries to hopes for an XRP-focused spot ETF, with a final SEC decision originally expected later this month. The US government shutdown has been flagged as a factor that could delay the regulator’s timeline. Also, the SEC’s adoption of Generic Listing Standards has blurred strict deadlines, leaving approval windows more flexible than before. Strong Yearly Gains, Recent Pullback XRP has enjoyed a remarkable run over the past year. Price climbed from about $0.51 to $2.82, a jump that equals roughly 440% growth. Reports show XRP outpaced Bitcoin by 162% and beat Ethereum by 188% over that same period, numbers that have captured investor attention. Still, momentum has cooled a bit. XRP slipped below $3 and is trading at $2.81 now, down 5% across the last week and down 1.05% in the past 24 hours. Trading Volume Lags Volume figures underline mixed market signals. Market screens show XRP’s 24-hour volume fell to $4.50 billion. Of that, $180 million — about 3.90% — was recorded on Coinbase. On the exchange, XRP ranks as the fourth most traded asset, behind Solana, Ethereum, and Bitcoin, which posted $265 million, $578 million, and $716 million respectively. Coinbase’s reserve of XRP rose to 16 million tokens, marking a 3% increase when compared with the figure reported on October 6, 2025. Whales Are Selling Large holders are adding pressure. Based on Whale Flow data using a 30-day moving average, roughly $50 million worth of XRP leaves whale wallets every day. For this metric, whales are those holding more than 1,000 tokens. CryptoQuant charts have shown sustained net outflows since early 2024, which analysts say could keep the market biased toward selling even if ETF news turns out positive. Featured image from Getty Images, chart from TradingView

Gold, silver and copper prices are surging as global investors lose faith in the US dollar, driving a rush into hard assets, according to TD Securities. Gold burst through the $4,000 an ounce level this week, silver hit an all-time high, and copper surged toward $11,000 a tonne as investors fled risk and piled into hard assets. Behind the frenzy, says Daniel Ghali, Senior Commodity Strategist at TD Securities, is a breakdown in confidence in the greenback as a reliable store of value. “This is what markets look like when the world’s reserve currency is at least partly losing its store-of-value function,” Ghali said in an interview this week. “The denominator for all those asset prices — the dollar — is what’s actually declining in value.” Ghali argues that the erosion of trust in the dollar is the unifying factor behind soaring commodity prices, tight credit spreads and strong equity markets. “Real assets are well-positioned to capture what the US dollar has lost,” he said. Underowned becomes overbought With Goldman Sachs now forecasting gold at $4,900 by the end of 2026, the rally’s pace has left even seasoned analysts uneasy. Ghali says this move looks unlike previous waves, pointing out that China, traditionally the largest buyer, is absent from the rally. “The Shanghai premium is trading deeply negative,” he said. “The West is what’s driving this move.” TD Securities had earlier described gold as “overbought but underowned.” That has now changed. “For the first time this year, we can no longer argue that gold is underowned,” Ghali said. “There are clear signs of FOMO here.” Silver’s endgame The silver market’s breakneck rally may be reaching the end of its bull run. Ghali describes the current phase as the “end stage of the silver squeeze,” with London inventories running critically low. While tight supply is bullish, he warns of a reversal triggered by high prices pulling metal back into the market. “There’s a tidal wave of metal making its way to London,” he said“That will persist for as long as silver stays at these levels.” He added that the rally is now driven less by fundamentals than by liquidity distortion. “Prices have become so dislocated that they can now correct themselves.” Copper’s smelter pain and wartime economics Copper’s climb towards $11,000 a tonne has sparked debate about how much of the move is driven by genuine supply disruption versus macro speculation. Ghali argues it’s both, warning that structural shifts are changing how this market functions. “The West is inching toward a wartime economy,” he said. “Countries [in the West] are stockpiling, draining global inventory pools.” But Ghali says this time the supply picture is different. “Chinese smelters have relied heavily on byproducts like sulfuric acid and precious metals for revenue,” he explained. “Now, as treatment charges fall and sulfuric acid prices drop, that model is breaking down.” The result? For the first time in years, Chinese smelter curtailments are actually viable. Fed credibility and dollar’s decline As investors brace for another Federal Reserve rate decision amid a lingering US government shutdown, Ghali says the central bank’s credibility – not the rate itself – is what matters most. “The Fed is walking a tightrope by cutting rates when some could argue it’s not necessary,” he said. “That can be detrimental to credibility — and that’s tied directly to the dollar’s loss of its store-of-value function.” With markets betting on easing and the political backdrop worsening, Ghali’s warning is blunt: real assets may keep outperforming as long as trust in the dollar continues to fade. Watch the full interview:

Silver Breaks $50 Barrier: Spot silver surged to $50.02 per ounce, its highest level since 1980, marking a 70% year-to-date gain — outperforming gold’s 51% rise.Severe Physical Shortage in London: Borrowing costs for silver hit a record 35% annualized rate, signaling tight supply as much of the metal remains locked in ETFs, limiting market liquidity.Macro Drivers & Fed Watch: Investor demand for safe-haven assets grows amid U.S. budget gridlock, stock market risks, and Fed independence concerns. Silver prices are soaring, breaking above the key $50 per ounce level and reaching their highest point since 1980. On Friday, spot silver touched $50.02, briefly spiking above $51 during intraday trading — a 3.7% daily gain. Although a moderate correction followed, the overall trend remains strongly bullish. Since the start of the year, silver has surged over 70%, making it one of the top-performing commodities. By comparison, gold has gained 51% over the same period. Flight to Safe Havens Fuels the RallyThe rally in silver prices reflects a broader move toward safe-haven assets. Prolonged budget gridlock in the U.S., concerns about an overheated stock market, and growing doubts about the Federal Reserve’s independence are prompting investors to shift capital into tangible, inflation-resistant assets. Silver, Daily Timeframe, source: TradingView Alongside gold, silver is viewed as a classic hedge during times of political and economic uncertainty. However, its lower liquidity and smaller market size make its price movements more volatile than gold’s. Supply Crunch in London Sparks Market TensionsOne of the key catalysts behind the current rally is the deepening shortage of physical silver in London, one of the world’s main storage and trading hubs. The cost of borrowing silver in the London market has skyrocketed to an annualized rate of 35%, signaling severe tightness in physical supply. While demand for physical silver continues to rise, much of the available stock remains locked up as collateral for ETFs, unavailable for active trading. This limits market liquidity and intensifies upward price pressure. Price Gap Between London and New York WidensAnother troubling signal for traders is the growing spread between spot silver prices in London and futures contracts in New York. The gap has now exceeded $2.50, with futures trading at a discount. Spread between spot and futures price of Silver, source: TradingView This disparity could encourage physical shipments of silver from the U.S. to the U.K. — an arbitrage move that raises logistics costs and further tightens supply. Echoes of 1980 — Will the Past Return?The current situation evokes memories of the 1980 silver saga, when the Hunt brothers attempted to corner the global silver market. At that time, prices reached an all-time high of $52.50 per ounce, followed by a dramatic crash that ended a speculative bubble. While today’s fundamentals are markedly different — driven by investment demand, geopolitical tensions, and supply constraints — the historical parallel serves as a cautionary reminder against investor euphoria. Silver, Monthly Timeframe, source: TradingView Inflation in Focus — CPI Data Could Steer the MarketNext week, investors will closely watch the U.S. CPI inflation report. Despite the ongoing government shutdown, the Bureau of Labor Statistics (BLS) confirmed that the release will proceed as scheduled. These data could play a crucial role in shaping expectations for Federal Reserve policy, potentially influencing the U.S. dollar’s direction — and, in turn, the precious metals market, particularly silver and gold. 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.

Nova Minerals (NASDAQ, ASX: NVA) soared after the company announced it has secured a land use permit for its proposed antimony refinery in Alaska, placing it another step closer to becoming a key supplier of the critical mineral in the US. According to a press release issued on Friday, the permit covers 42.81 acres of commercial industrial zoned land near Port MacKenzie (Port Mac), an industrial hub designed as a bulk commodity export facility for industries like mining, and the only port in the state with over 9,000 acres dedicated to commercial and industrial development and growth. The land use permit, the Australia-based company said, would allow it to establish downstream antimony processing and refining operations in Alaska’s Mat-Su Borough, an area with ready infrastructure for rapid development. The refinery site at Port Mac is strategically aligned with the fast-progressing West Susitna Access Road and other regional development projects currently underway, it added. With the permit secured, the company said it is now actively negotiating with the US government on additional funding to build the facility. Earlier this month, Nova Minerals was awarded $43.4 million by the US Department of War to support this project. “With the land use permit secured and the Department of War award, we are rapidly advancing our vision to become the leading US miner and producer of refined antimony products — strategic, secure, and proudly made in the USA,” Nova CEO Christopher Gerteisen stated. “We are fast-tracking Phase 1 production of military-spec antimony, targeting delivery of our first product to the Department of War within 24 months, underscoring our commitment to supporting critical national defense needs.” Nova Minerals’ US-listed shares jumped by more than 10% to an all-time high of $24.86 on the announcement, taking its market capitalization to about $174 million. Alaska antimony resource The proposed refinery represents the next phase of Nova’s strategy of onshoring US antimony production by building a fully integrated, mine-to-processing production hub in Alaska. Its Port Mac facility is expected to produce a full range of antimony products, including antimony trisulfide, antimony trioxide and antimony metal, used by both the US military and industrial applications. Anchoring this strategy is the company’s district-scale, 10-million-oz. Estelle gold project. Historically, antimony mining in Alaska has been associated with its large gold deposits. The Estelle project is located within the Tintina gold belt known to host significant antimony deposits in the past and was once a supply of the mineral to the North American market. Nova’s team has so far identified four large, near-surface gold deposits on the 514 km² property, and only recently discovered antimony coincident with the gold in surface sampling on numerous prospects, elevating the project’s status as a critical mineral play that aligns with the Trump administration’s strategy. While no resource has yet been established for antimony, the company has said it plans to publish a resource estimate for the critical mineral some time this year.

The weekly close turns more cautious after a strong run for tech and growth stocks. Some technical concerns had risen on Tuesday after a huge risk-off/profit-taking session that wasn't explained by any particular fundamental change. Both the S&P 500 (6,764) and Nasdaq (25,195) printed fresh record highs over the past 24 hours, capping a stellar stretch for the sector — though the Dow Jones, still below last Friday’s 47,000 peak, hasn’t quite kept pace. As explained in our previous session analysis, this divergence has started to drag sentiment. The rest will be to see how far it influences overall stock performance. Read More: US stocks sector divergence raises red flags Daily Chart Outlook for US Equities – October 10, 2025 – Source: TradingView In a strong correction session, indices are retracing toward the highs reached in late September, as traders show hesitancy from the “everything rally” stretch. Despite the ongoing U.S. government shutdown, markets had largely shrugged off political noise — until today. With Gold surging past $4,000 and the U.S. Dollar rebounding sharply over the past week, capital rotation is starting to weigh on risk assets. US Equity heatmap – October 10, 2025 – Source: TradingView Heavyweights like Amazon, AMD, Nvidia and Meta are down roughly 3% on the day, dragging sentiment across the broader tech complex. Still, the Nasdaq remains relatively resilient compared to its peers, holding key right around its September 23 pivot even amid the unwind – So the flows aren't just about massice undoing of the yearly trades (even metals are performing well, Silver is back above $50!!). Let’s take a look at the charts for the Dow Jones, Nasdaq, and S&P 500 to assess how deep this pullback could go. Read More: Canadian employment makes a comeback – USD/CAD reversesHow investors and traders can gauge the US labor market amid the BLS shutdownUS Index analysis and levels: Dow Jones, Nasdaq and S&P 500Dow Jones 8H Chart Dow Jones 8H Chart, October 10, 2025 – Source: TradingView Technicals for the Dow are not looking optimal for bulls. A multi-day rejection of the past week records has led to a bearish corrective sequence, leading to the strong move below the 8H 50-period MA. This follows a break from its steep upward channel that had begun in August – Steep channels tend to break and prices are still far from bearish, but higher timeframe momentum is stalling. Now trading right at its Key pivot (45,650 to 45,750), buyers will have to defend the level to avoid a more bearish-looking price action. Dow Jones technical levels of interest Resistance Levels Current All-time high 47,105ATH Resistance Zone 47,000 to 47,160 (+/- 150 pts) post-FOMC highs and MA 50 46,400Support Levels August ATH Immediate Pivot 45,650 to 45,75045,767 Session lows at August 22 highs (immediate test)45,000 psychological level44,400 to 44,500 Main SupportNasdaq 8H Chart Nasdaq 8H Chart, October 6, 2025 – Source: TradingView Nasdaq rejected the 25,200 to 25,300 Fibonacci-Extension with precision, dragged down from the overall bearish performance in the Dow. Now at the lows of its steep ascending channel, reactions will be key. Prices have moved below the intraday Momentum pivot and MA 50 (24,750) which may hurt the technical outlook further. Now at a Support, coinciding with the lower bound of its upward channel, buyers will have to defend the price action. Failing to do so may lead to revisiting the 24,000 August levels. Nasdaq technical levels of interest Resistance Levels current ATH 25,2241.618 Fib-Extension resistance between 25,200 and 25,300Psychological Resistance around 25,000Momentum Pivot and 8H MA 50 24,750Support Levels Support at the lows of the channel 24,400 (immediate Support)August 12 ATH zone turning support (23,950 to 24,020)23,000 Key SupportEarly 2025 ATH at 22,000 to 22,229 SupportS&P 500 8H Chart S&P 500 8H Chart, October 10, 2025 – Source: TradingView The RSI is getting closed to oversold, but some worrying signs are showing for the 500-best US equities. Price action has held a steep upward channel since May 2025 (post-Liberation Day rebound) but this channel just broke to the lower side. Only the September NFP brought the index below, but shortly followed with an upward correction. With short-timeframe momentum prompting stalling price action, the correction is stalling, but monitor reactions to the 6,600 Support which approaches fast. Failure from bulls to hold the support prompts a larger correction in the S&P 500. S&P 500 Trading Levels: Resistance Levels 6,774 (current All Time-Highs)Key current Resistance 6,745 to 6,760Key Pivot Zone 6,670 to 6,700potential resistance (1.618 fib - 6,790 to 6,800)Support Levels 6,570 to 6,600 Key Support6,490 to 6,512 Previous ATH now Support (MA 200 Confluence)6,400 Main Support6,210 to 6,235 Main Support (August NFP Lows) Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Crypto commentator Zach Rector argues that XRP’s months-long malaise is nearing a turning point, contending that selling pressure has largely run its course and that a fresh wave of institutional demand is lining up on the other side of the ledger. “XRP sellers are exhausted,” Rector said in a video analysis published late on October 9, adding that “the downside action and the consolidation that we’ve seen over the past few months is coming to an end and the suits are now getting ready to sell it with slideshow presentations.” Reasons To Be Bullish On XRP Rector’s central thesis is that structurally constrained float and prospective exchange-traded products could catalyze a supply squeeze. He framed the timeline around a US government shutdown, asserting that approval activity would not resume until after a reopening: “ETFs are set to go live for XRP as soon as the government shutdown ends. No, I am not anticipating the SEC to approve the ETFs while the government is shut down.” He characterized the post-shutdown period as a potential “tidal wave of XRP, crypto, and other related ETFs,” while acknowledging that the precise sequencing depends on regulators returning to normal operations. Pointing to what he sees as a template in other assets, Rector highlighted a recent trading episode he attributed to BlackRock’s Ethereum ETF. In his telling, “Jane Street… spark[ed] a massive momentum ignition selloff just in time for BlackRock’s ETF to buy the most Ether in 2 months,” with $437 million of inflows arriving on a day of heavy price weakness. “While they’re hitting the sell button, panicking… the investors at BlackRock are saying, ‘Thank you very much,’” he said. He extrapolated from this to XRP, claiming “the suits have the champagne on ice cuz they know that they’re about to go break records with the XRP ETFs.” Beyond the ETFs, Rector emphasized on-chain and DeFi dynamics that he believes reduce liquid supply. He cited activity around Flare’s FXRP mechanism, describing wallet flows and escrowed balances as visible on public ledgers: “So far, Flare has already locked up almost $60 million worth of XRP. That’s equivalent to about 20 million XRP.” Rector broadened his supply-tightening thesis to digital asset treasury (DAT) companies, asserting they had “already actually acquired 10% of the overall Ethereum supply” and were now “coming for XRP.” XRP Momentum Builds He also alluded to tokenization and payments initiatives he associates with Ripple and the XRP Ledger, asserting that “they really are going to tokenize on the XRP Ledger” and bring “flows of liquidity that are valued in the trillions of dollars” onto the network. As evidence of institutional momentum, he pointed to European and Middle Eastern developments. Citing a post from VanEck’s Matthew Sigel, he said “Luxembourg becomes the first EU sovereign wealth fund to buy Bitcoin with a 1% position via ETF,” and noted recent meetings between Ripple executives and Luxembourg’s finance minister. He also referenced Ripple’s expansion in the Middle East, including Bahrain, as reinforcing an institutional pipeline. On market structure, Rector said the recent intraday push lower found support above a level he is monitoring. “I zoomed out… to when we last back tested $2.70 just to show you… support,” he said, noting a visit to “about 2.77… people are front running that $2.70 level… we’re up to $2.81.” For investors worried that a peak is already in, he pushed back: “Was that the end of the XRP bull run? Did I just miss the top at 3.66? Absolutely not… imagine thinking that now’s the time to sell when Wall Street’s about to start selling it for you.” Rector’s explicit forward targets were sweeping. He said newcomers could “still… triple it up at least by next year,” and that a “10x” remained plausible under his “$20 to $30 base case,” characterizing “double-digit XRP” as “easily done.” Throughout, he tied the outlook to a cluster of catalysts—“ETFs, digital asset treasury companies, and institutional adoption”—and to what he regards as a steady constriction of tradable float via DeFi lockups. “That’s what leads to a supply shock,” he said. “This party’s just getting started.” At press time, XRP traded at $2.815.

EUR/USD is trading around 1.1564, below the 7/8 Murray level and below the 21SMA. The euro suffered a strong technical correction below 1.1650 and is likely to continue falling in the coming days, reaching the 6/8 Murray level around 1.1474. An important fact to keep in mind is that the euro has left a gap around 1.1730 and is likely to reach this area in the coming days. We could also expect a breakout of the downtrend channel, so we should be vigilant in planning long position opportunities. The Eagle indicator is showing oversold levels on the H4 chart, so it is likely that the euro will rebound above 1.1530 or above the psychological level of 1.1500 in the coming days. A price consolidation above the 7/8 Murray level and above the 21 SMA will be seen as an opportunity to enter long positions. In this scenario, this would signal a recovery in the EUR/USD pair, which in turn is expected to reach the 8/8 Murray level at 1.1718 and even +1/8 Murray level at 1.1840. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin is trading around 121,315, below the 7/8 Murray and above the 200 EMA, with a technical correction after reaching the top of the downtrend channel formed since early October. Bitcoin could experience a technical rebound in the coming hours if it reaches 118,750 (6/8). Above this level, we could expect it to reach the 21 SMA around 122,080 and could even reach the top of the downtrend channel around 122,500. If Bitcoin reaches the 122,600 level, it could be seen as an opportunity to resume selling. If this scenario occurs, it would mean that the price continues to move within the downtrend channel, and we could expect it to reach the 6/8 Murray around 118,750 and the 200 EMA around 116,979 in the short term. If Bitcoin breaks and consolidates above $123,000, we could expect a further bullish sequence, potentially reaching the 8/8 Murray level around $125,000. Even if bullish strength prevails, the price could reach the +1/8 Murray level around $128,126. The eagle indicator is showing a negative signal, so we expect Bitcoin to consolidate below $122,000 in the coming hours. The material has been provided by InstaForex Company - www.instaforex.com

Right now, Bitcoin (BTC) is trading slightly lower than its ATH of $126,080 at , however, a forecast suggests that it is far from being overheated. According to the Mayer Multiple, an on-chain metric that compares BTC’s price to its 200-week moving average, the current reading is just 1.16, which is well below the 2.4 level that typically signals market tops. Crypto Quant analyst Frank, explained, “Bitcoin is at all-time highs and the Mayer Multiple is ice cold.” The move has caused Hargreaves Lansdowne, UK’s largest retail investment platform to put out a statement, stating, “The HL Investment view is that bitcoin is not an asset class, and we do not think cryptocurrency has characteristics that mean it should be included in portfolios for growth or income and shouldn’t be relied upon to help clients meet their financial goals.” “Performance assumptions are not possible to analyze for crypto, and unlike other alternative asset classes it has no intrinsic value,” the firm further added. While BTC is trading slightly below its ATH, critics have pointed out its volatility. Particularly the 2022 “crypto winter” which wiped out $2 trillion in market value. Hargreaves Lansdowne concluded saying, “While longer-term returns of bitcoin have been positive, bitcoin has experienced several periods of extreme losses and is a highly volatile investment — much riskier than stocks or bonds.” It however acknowledged that some clients may want to speculate. It plans to offer crypto ETNs to “appropriate clients” starting in early 2026. EXPLORE: 9+ Best Memecoin to Buy in 2025 Key Takeaways Bitcoin’s Mayer Multiple suggests it’s far from overheated, with upside potential to $180K Hargreaves Lansdowne has stated that BTC is not an asset class as it has no intrinsic value Tight Bollinger Bands and mixed analyst views hint at major BTC volatility ahead The post Bitcoin Holds Firm At 121K With Mayer Multiple Indicator Forecasting $180k Potential appeared first on 99Bitcoins.

Gold is trading around 3,985, rebounding after a strong technical correction of more than $100 in less than 24 hours from 4,050 to 3,947. After the initial strong technical correction that occurred yesterday during the American session, gold is rebounding and is now consolidating below the psychological level of $4,000. During the European session, gold attempted to consolidate above $4,000 but failed. We are now seeing a technical correction, so the bearish cycle is likely to resume. We could expect the instrument to reach +1/8 Murray around $3,906 in the coming days. The Eagle indicator is showing a positive signal for the coming hours. Therefore, if the price consolidates above 3,950, any technical rebound will be seen as a buying opportunity, with targets at $4,000. If the gold price consolidates above the 21 SMA, we could expect the metal to reach its all-time high. Gold could even reach +2/8 Murray around $4,062. Given that gold is overbought on the daily chart, our outlook will remain bearish. Therefore, as long as the price trades below $4,050 or below $4,000, we could look for short-term sell targets around the 200 EMA at $3,739. The material has been provided by InstaForex Company - www.instaforex.com

XRP is showing signs of a powerful bullish resurgence as both price action and momentum indicators move in perfect harmony. Recent analysis reveals that the price and Relative Strength Index (RSI) are trending upward together, a strong signal of renewed investor confidence and sustained buying pressure. With this alignment fueling optimism, XRP is orchestrating a steady climb toward the key $4 level. XRP’s Strength Amplifies With Unified Uptrend EGRAG CRYPTO, in a recent update, revealed that XRP is showing strong bullish signs when viewed from a macro perspective, as both the price and the RSI are trending upward. This coordinated movement between price and momentum indicators suggests that the broader market sentiment around XRP is shifting decisively in favor of the bulls. According to the update, XRP’s price trend is maintaining a steady upward trajectory with a slope of around 7, signaling consistent accumulation and market strength. This rise reflects a solid foundation of buyer support, indicating that the asset could be gearing up for a potential breakout. The persistence of this trend highlights that XRP’s bullish momentum is not merely short-lived but part of a developing long-term move. On the other hand, the RSI is climbing with an even steeper slope of about 9 to 10, confirming that momentum continues to build strongly. This synchronization between price and RSI movement adds further credibility to the bullish narrative, as it shows no sign of divergence that might warn of a reversal. Macro Outlook: XRP Displays Clear Upward Momentum EGRAG CRYPTO highlighted that the synchronized upward movement of both XRP’s price and the RSI confirms a strong bullish trend. According to the analysis, the consistent upward momentum reflects sustained buying activity, suggesting that XRP remains well-positioned for further gains. Furthermore, EGRAG CRYPTO pointed out that there is no divergence between the price and RSI, a factor that adds credibility to the ongoing uptrend. When both indicators move in unison, it signals that the market’s momentum is genuine and not showing signs of exhaustion. The lack of divergence suggests that the current rally is healthy and likely to continue without an immediate risk of reversal. In conclusion, the analyst described the overall setup as highly bullish for XRP. The continued harmony between price action and RSI suggests that upward momentum could persist, paving the way for a significant move higher. A decisive close above the $4 mark, he noted, would represent a key milestone for XRP’s long-term outlook, symbolizing a potential step closer to what the community refers to as “Valhalla.”

Underground drilling at West Red Lake Gold Mines’ (TSXV: WRLG) primary Madsen property in Northwestern Ontario yielded multiple instances of high-grade gold, the company said. Highlight hole MM25D-12-4860-004 in the lower Austin zone cut 7.75 metres grading 139.45 grams gold per tonne from 37 metres depth, West Red Lake said Thursday in a statement. Hole MM25D-12-4860-005, meanwhile, intersected 8.7 metres at 74.7 grams gold from 37.1 metres downhole. Vancouver-based West Red Lake, backed by Canadian Mining Hall of Fame member Frank Giustra, is continuing exploration work at Madsen even as it ramps up production at the past-producing mine. It restarted operations in May. The lower Austin zone will continue to be a key focus of drilling for the remainder of 2025, West Red Lake said. “There is significant ounce and tonnage potential remaining at depth in the Madsen orebody,” CEO Shane Williams said in the release. “We anticipate continued success in lower Austin as the drills continue to discover and define more lenses of high-grade mineralization adjacent to our active mine development.” West Red Lake shares jumped 7% to C$1.07 Friday morning in Toronto, giving the company a market value of about C$376 million. The stock has traded between C$0.52 and C$1.18 in the past year. Resource expansion Crews at Madsen are working to define the near-term mining inventory and expand the resource, West Red Lake says. Work has focused on the more continuous and higher-grade portions of the Austin, South Austin, North Austin and McVeigh zones, which will continue to be the strategy through 2025, the company said. Madsen hosts 6.9 million indicated tonnes grading 7.4 grams gold per tonne for contained metal of 1.65 million oz., and 1.8 million inferred tonnes grading 6.3 grams gold for 370,000 of contained metal, according to a December 2021 resource. Other highlights released Thursday include hole MM25D-12-4860-002, which cut 7.45 metres grading 18.31 grams gold from 39.65 metres depth, and hole MM25D-12-4860-009, which intersected 3.9 metres 13 grams from 48.45 metres downhole. With historical production of more than 30 million oz., the Red Lake camp remains one of Canada’s highest-grade gold districts. West Red Lake, whose land package covers 47 sq. km, is part of a group of core producers in the area that also includes Australia’s Evolution Mining (ASX: EVN) and Kinross Gold (TSX: K; NYSE: KGC). Turnaround Madsen produced 35,700 tonnes of ore during the third quarter at an average grade of 5.4 grams gold per tonne, West Red Lake said earlier this week. The mill poured 7,055 oz. gold. West Red Lake “has rapidly worked to turn around the asset since acquiring it in 2023 and can now take advantage of the robust gold price environment,” Red Cloud Securities mining analyst Taylor Combaluzier said in a note this week. West Red Lake is one of the first explorers that former film company executive Giustra invested in. He once said that strong hits at Rowan helped him “see the light” about backing early projects.

United States Antimony (NYSE-A: UAMY) soared to an all-time high after the Texas-based critical minerals developer announced a $25 million share placement with an unnamed mutual fund investor at above-market prices under NYSE rules. The offering, led by American Capital Partners, comprises approximately 2.38 million shares of UAMY for proceeds of $25 million, which would give them an average price of $10.51 apiece. The share placement is expected to close on Oct. 14. UAMY opened the Friday session at $12.00 before surging to a new high of $12.27 a share, taking its market capitalization to $1.6 billion. With this offering, the company said it has now raised a total of $69.25 million in three financing tranches with two large institutions over the last 45 days, at increasingly higher share prices. “While we have not solicited these institutions, we have attempted to take advantage of the opportunity in the best way possible for the benefit of our shareholders. These capital raises have been completed with minimal or no discounts to market,” UAMY chairman and CEO Gary Evans commented. Founded decades ago, US Antimony produces various forms of antimony (oxide, metal and trisulfide) through processing third-party ore at two facilities, one in Montana and another in Mexico. Its smelters represent the only two in North America with long-standing capacity to process the critical mineral used in various defense and high-tech applications. In addition to antimony, they also produce zeolite and precious metals. The proceeds of the latest offering, according to the company, will be used for a number of initiatives, such as adding to antimony and other critical mineral inventory, increasing its leasehold mineral positions in both Alaska and Montana, and expanding the capacity at its Madero smelter in Mexico. The financing follows a $245 million contract awarded by the US Defense Logistics Agency (DLA) for its supply of antimony metal ingots for the national defense stockpile.

Communities near First Quantum Minerals’ (TSX: FM) Cobre Panamá copper mine are accusing a leading environmental NGO of fuelling political unrest and failing to support those most affected by the operation’s 2023 closure. In a letter to the Packard Foundation, which has granted over $400,000 to the Environmental Advocacy Centre (Centro de Incidencia Ambiental-CIAM), the Civic Community Committee (CCC) alleges that funds meant for community development were diverted toward political activism. The foundation’s own disclosures show CIAM received $45,000 in 2022, $180,000 in 2023, and another $180,000 planned for 2025. The CCC argues that none of these funds have translated into tangible benefits for the thousands of residents who lost livelihoods when the mine shut down. Instead, the group says CIAM helped trigger the closure by leading the lawsuit that overturned the contract between First Quantum’s subsidiary, Minera Panamá, and the Panamanian state. According to the committee, CIAM’s actions fuelled mass protests in 2023, leading to the loss of over 1,500 formal jobs. The group also point to the abrupt halt of scholarships, training, and youth programmes in sports, culture, and entrepreneurship, initiatives which once anchored social progress in the region. The CCC also claims CIAM has not visited the affected communities since the mine shut down, focusing instead on political alliances and social media campaigns that promote a partisan agenda. “Their actions have created more poverty, division, and frustration among those of us who live here—the exact opposite of what they preach,” the letter states. Talks on the table Commerce Minister Julio Moltó said in September that negotiations on Cobre Panamá’s potential reopening could begin in late 2025 or early 2026, pending the results of a comprehensive audit. The review, led by SGS Panama Control Services, will evaluate the mine’s environmental, social, and economic impact, including future employment prospects. Moltó emphasized that reopening Cobre Panamá is President José Raúl Mulino’s second-highest priority, after pension reform, which is already underway. He also noted that Minera Panamá and its affiliates have suspended international arbitration against the Panamanian state, creating an opening for potential dialogue. Labour groups back the move. Aniano Pinzón, general secretary of the General Union of Workers (UGT), said the union supports reopening efforts to restore lost jobs and reignite the national economy. Economic pillar Before its closure, Cobre Panamá ranked among the world’s top copper producers, delivering 350,000 tonnes in 2022. The mine contributed about 5% of Panama’s GDP, and First Quantum estimates the halt has cost the country up to $1.7 billion in lost economic activity. Mine workers, contractors, unions, and surrounding communities continue to push for a restart, citing ts critical role in the national economy. The government insists no decision will be made until the audit is completed. First Quantum has kept the site in standby mode, prepared to resume operations if an agreement is reached. A visit by MINING.COM earlier this year found the once-bustling operation now cloaked in silence, its machinery idle beneath the encroaching jungle.

Markets just received the Canadian labor report — and unlike the still-missing U.S. one (thanks, government shutdown), this one actually delivered. Canada added +60K jobs vs. +5K expected, a sharp rebound from last month’s -65K loss. Even better, most of these gains came from full-time positions, signaling renewed strength in the labor market. Being bullish on the CAD hasn’t been a winning trade this year. It’s been one of the top underperformers in FX—now only slightly ahead of the even weaker JPY—caught in the middle of a challenging macro backdrop. As a cyclical economy, Canada cooled rapidly after its huge 2022–2023 period. The job market softened, real estate activity slumped, and slower immigration weighed further on overall growth. Combined with tensions between Ottawa and the Trump-Administration regarding US-Canada trade, the outlook for the loonie had been anything but bright. Oil prices (One of Canada's top export, linked to CAD performance) trending down to 5-year lows also haven't helped the Maple Dollar much. WTI Oil actually just dipped below $60 – this may hurt US Shale producers even further and hence have less of a net-negative effect on the CAD. Check how well Oil and the Canadian Dollar correlate throughout the years WTI Oil and CAD/USD since 1998, Source: TradingView But things might be starting to look better However, the ongoing Trump–Carney talks this week are reviving optimism for improved trade conditions. Canadian trade envoy Dominic Leblanc described the talks from this week as "successful, positive, substantive", but markets are still awaiting for decisive news on tariffs, particularly on steel. With USD/CAD testing and rejecting the 1.40 level, let’s dive into a multi-timeframe analysis to see what comes next. Read More: Gold (XAU/USD): Overstretched uptrend, risk of minor pull-back below $4,012The US Dollar rally leaves no crumbs – Market wrap for the North American session - October 9US stocks sector divergence raises red flagsUSD/CAD multi-timeframe analysisDaily Chart USD/CAD Daily Chart, October 10, 2025 – Source: TradingView After bearish failure in the pair throughout multiple consolidation periods, USD/CAD has rallied in steps – Initially ranging between 1.36 to 1.38, then 1.37 to 1.39 leading to today. Some countering elements are blurring the picture looking forward: The price action is bullish, with prices just moving above the 200-Day MA acting as immediate support. The 1.40 level on the other hand opposes a huge psychological resistance for the pair. The session and weekly close will be important for the pair: Anything below, traders consider that the trade outlook between US and Canada is not looking too bad. A close above 1.40 continues the bullish trend to retest April resistances. 4H Chart and levels USD/CAD 4H Chart, October 10, 2025 – Source: TradingView The latest move upward was more due to the broad US Dollar rally than pure Canadian Dollar weakness. Loonie weakness was at the center of its low performance this year, whcih also invites to look at other CAD pairs for decent opportunities. One can also track how prices react to a test of the 4H-MA 50 (1.39560) and upward trendline for upcoming trading. Levels to place on your USDCAD charts: Resistance Levels 1.40 to 1.4050 Psychological resistanceYesterday highs 1.40342April Resistance 1.41 - 1.4150April Pivotal resistance 1.4250Support Levels Major Daily Pivot 1.39200-Day MA 1.39750 (immediate support)1.38 Major SupportMajor Support Zone 1.3675 to 1.371.3550 Main 2025 Support1H Chart USD/CAD 1H Chart, October 10, 2025 – Source: TradingView Looking at teh keys to the current price action, USDCAD is in the middle of some key developments. A break above the weekly highs (1.4030) should turn into a further breakout. Odds of this are increased on a daily close above 1.40. A break below 1.3550 could accelerate towards the 1.39 Main Pivot, key for future price action. Any daily close below the zone (1.3880 are the lows) point to a solid re-entry within the 1.36 to 1.39 5-month range. Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier 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.

According to State Street’s 2025 global research, big investors are moving past trial runs and making clear bets on digital assets and blockchain. Nearly 60% of surveyed institutional investors say they plan to raise their crypto allocation in the next year. Average exposure is expected to double within three years, signaling firm plans rather than idle talk. Institutions Are Boosting Digital Asset Allocations Reports have disclosed that private markets are the first target. Private equity and private fixed income topped the list for tokenization, as firms look to open up illiquid holdings and make them easier to trade. By 2030, a majority of respondents expect between 10–24% of institutional investments to be made through tokenized instruments. That is a big change from pilots and proofs of concept. Benefits Cited By Investors Investors gave clear reasons for the push. Increased transparency was named by 52% as a key benefit. Faster trading was picked by 39%, and lower compliance costs by 32%. Almost half of those surveyed said they expect cost savings of more than 40% thanks to better transparency. Those figures help explain why more firms are making moves now instead of waiting. Operational Shifts Underway Based on reports, the shift is not only about portfolios. Forty percent of respondents already have a dedicated digital assets team or business unit. Nearly a third said blockchain and related digital operations are now part of their wider digital plans. Joerg Ambrosius, president of Investment Services at State Street, said institutional clients are treating these tools as strategic levers for growth and efficiency, not just experiments. Donna Milrod, chief product officer at State Street, added that firms are building teams and planning new products such as tokenized bonds, on-chain wrappers, stablecoins and tokenized cash. One in five firms plan to set up new digital asset groups in the near term. That suggests organizational change will follow the capital commitments. Many managers are rewriting workflows and adding staff with blockchain skills. At the same time, more than half of respondents said generative AI and quantum computing might have a bigger impact on investment operations than tokenization alone, though most see these technologies as working together rather than replacing each other. The survey covered senior executives across regions and different institution sizes, and it looked at both strategy and operational readiness. Featured image from Unsplash, chart from TradingView

Bitcoin’s latest pullback has little to do with crypto-native flows and everything to do with the dollar, according to chief crypto analyst at Real Vision Jamie Coutts. Sharing two charts on X, Coutts argued that a rebound in the US Dollar Index (DXY) is briefly tightening global liquidity and pressuring risk assets across the board. “Bitcoin’s dip isn’t mysterious — it’s macro,” he wrote. Why Is Bitcoin Down? “The dollar’s rebound is tightening global liquidity. DXY is retesting 100–101 — a key resistance and natural mean-reversion zone after one of the sharpest declines in decades in 1H25. Positioning had become crowded on the short side, so a bounce was always likely. The real question: is this the start of a new dollar cycle or just the setup for the next leg lower? Base case: liquidity tailwinds and an improving business cycle keep the outlook for risk assets bullish into mid-2026,” he added. The first chart he shared juxtaposes the USD COT Index with the US Dollar Index. After a prolonged slide in 1H25, speculative positioning flipped aggressively against the dollar, with the COT index sinking into negative territory in mid-2025. That capitulative stance created fertile conditions for a counter-trend squeeze. The price panel shows DXY clawing back toward the 100-101 area—a zone that lines up with prior congestion and the underside of this year’s breakdown—while the COT bars remain below zero, consistent with short-covering dynamics rather than a fully rebuilt long-dollar consensus. Coutts’ second chart overlays the Global Liquidity Index with the inverse of DXY. The series track each other closely: when the dollar weakens (inverse DXY rises), the global liquidity proxy rises too, historically coinciding with stronger performance for duration-sensitive risk assets such as equities and crypto. Over recent weeks, the white liquidity line has rolled over modestly as the blue inverse-DXY line has done the same, illustrating the transmission mechanism Coutts highlights: a firmer dollar equals tighter global dollar liquidity at the margin, which in turn dents risk appetite and crypto beta. What This Means For BTC Price Framed this way, Bitcoin’s slip is a straightforward function of FX mean reversion and futures positioning, not a breakdown in crypto’s structural flows. The “crowded short” in dollar futures telegraphed vulnerability to a bounce, and the mean-reversion target around 100–101 offered a logical waypoint for that move. If DXY stalls and resumes lower from that band—consistent with the broader 2025 downtrend—liquidity conditions would likely ease again, restoring the bid under high-beta assets. If, instead, the index pushes through and holds above that zone, Bitcoin would be contending with a more durable dollar impulse and a slower return of positive liquidity momentum. Coutts’ “base case” remains constructive despite the near-term headwind: an improving global business cycle and continued liquidity tailwinds into mid-2026. In that framework, Bitcoin’s drawdowns on dollar strength look cyclical, not secular. The immediate pivot point sits in plain view on his charts: the DXY’s 100–101 retest, born from stretched speculative shorts and classic mean reversion, is dictating BTC’s temperature for now. At press time, Bitcoin traded at $121,703.