Redator

Week in review: Tariff Uncertainty Drags On Read More: S&P 500, Dow Jones Q3 Outlook: Tariffs, Tech, and Small Cap Concerns The July 9 tariff deadline has come and gone and market participants are still left with a lot of questions. Trade deals have begun to filter through but the majority of countries are still locked in negotiations with the US as the tariff implementation date of August 1 beckons. close Source:TradingView.Com (click to enlarge) Source:TradingView.Com (click to enlarge) Key Levels to Consider: Support 333733253300Resistance 337534003425Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

SUI is positioned for further upside, and backed by technical momentum and solid volume support. However, maintaining the price above the key moving averages will be crucial for the continuation of this bullish run. Volume Spikes Confirm Breakout Strength According to Gemxbt’s post on X, the SUI 1-hour chart is showing a strong uptrend, with the price trading above the 5, 10, and 20-day moving averages, which is a sign of short-term momentum and sustained buyer strength. The Relative Strength Index (RSI) is approaching overbought territory, which warns of a potential short-term pullback and suggests that traders should be cautious of a temporary pause as the market digests recent gains. Meanwhile, the Moving Average Convergence Divergence (MACD) is bullish with a widening gap between the MACD line and the signal line. This expansion often precedes continuation in trending markets and confirms that momentum is accelerating. Trading volume has increased notably alongside price movement. The rising volume during an uptrend suggests that the move is a genuine market participation. Analyst LORD ATU also stated that SUI is trading at $2.90 on the daily chart, with a solid 9.69% weekly gain, and showing clear signs of bullish momentum. The price action falling wedge pattern is typically a bullish continuation signal with a potential target at $3.20, and if confirmed with volume, a breakout will follow through. However, a bearish head and shoulders formation is also beginning to emerge, which is signaling a potential drop toward the $2.30 support zone, which is a level of prior structure and support. LORD ATU noted that the key levels to watch out for are the support at $2.88, which is a crucial short-term floor that must hold to maintain the uptrend, and resistance at $3.15, where a clear break could trigger momentum higher. The SUI ecosystem growth looks strong, with increasing development activity and solid fundamentals. However, an upcoming token unlock could introduce fresh supply pressure and volatility. Momentum Accelerates After Consolidation Phase Another Analyst, Profit Demon, also mentioned on X that SUI has completed a bullish flag pattern breakout on the 3-day chart, which is signaling a shift in market sentiment after a period of consolidation. This continuation pattern often marks the end of sideways movement and the resumption of an existing uptrend. The upward momentum is building after the consolidation phase, which supports the increased buying interest and favorable market conditions. SUI trading at $3.51 on the daily chart | Source: SUIUSDT on Tradingview.com

Silver jumped to a near 14-year high Friday amid signs of a short squeeze on the precious metal in the London market that led to a surge in US premiums. Spot silver rose as much as 3% to $38.34 per ounce, the highest since September 2011. US silver futures climbed even higher at nearly 4%, with September contracts touching an intraday high of $39 an ounce. Silver is closing in on the $40/oz. mark Such a wide price gap between the two major markets is unusual, as it is typically eliminated quickly through arbitrage. Earlier this year, silver experienced a similar price dislocation amid speculation of US tariffs on precious metals. That arbitrage opportunity also pushed leases up, as traders looked to secure metal for shipment to COMEX-linked warehouses in New York. However, the rush to move silver ended quickly once the White House exempted bullion from the levies. Higher lease rates normally indicate a tightening market. On Friday, the implied annualized one-month borrowing costs for silver in London jumped to approximately 4.5%, well above the typical near-zero rate. Most of the silver in London is held by exchange-traded funds (ETFs), meaning it is not available to lend or buy. The metal has recently been bolstered by solid inflows into ETFs, with holdings up by 1.1 million ounces on Thursday, according to data compiled by Bloomberg. Daniel Ghali of TD Securities has argued that the outflow of silver caused by the tariff arbitrage opportunity has left inventories of freely available silver in the market critically low. “Our estimates of LBMA silver’s free-float now stands at its lowest levels in recorded history,” Ghali wrote in a note Thursday. “Silver’s illusion of liquidity tells us that silver markets will only rebalance through some form of a squeeze on physical.” Silver has risen 27% this year, with gains recently outpacing its sister metal gold. Silver has a dual character, valued both for its uses as a store of value and an industrial input. Due to its importance in clean energy technologies, in particular solar panels, demand for silver is expected to remain strong in the coming years, with the market facing another year in deficit, according to industry group the Silver Institute. (With files from Bloomberg)

Equity Markets have been fluctuating in the past week, and this has concerned the Dow Jones even more than the more properly trending Nasdaq and S&P 500, which have been making all-time highs almost every day or two since the end of the Israel-Iran war. The picture in Equities is red throughout the globe as more tariff uncertainty gets into the bullish sentiment – Don't forget that the TACO Trade has been the ongoing theme, outshining Tariff Fears, which may be making a comeback. One aspect that the market has been examining is why the Dow Jones has been lagging against its major index counterparts. The more tech-focused Nasdaq and S&P are being dragged up by the Magnificent 5, an ongoing trend since the 2022 Bear Market Lows, particularly with NVDA attaining a $4T market cap this week. However, the broader, industrial-focused Dow shows a clearer picture of the overall market: The economy is doing more than fine (US 30 dawdling very close to its ATH). However, uncertainties on the future US outlook are high, preventing a straightforward risk-on sentiment throughout all indices. Markets are notably preparing for Tuesday’s US CPI data (exp +0.3%), where hopes are always high for a further pushback of stagflationary US Tariff fears. With the latest August 1st tariff extension, it won't be easy to know their impact in the coming weeks. Read More: Intraday Crypto chart analysis as major Coins soar across the board 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. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

The crypto market has been on a tear in 2025, and the latest 99Bitcoins Q2 State of Crypto Market Report, authored by Manisha Mishra and sponsored by KCEX, lays it all out. The quarter saw institutional demand surge, Bitcoin ($BTC) hit a then-ATH of $111,980, and crypto hiring spike 753%. Despite the rally, the total market cap was still 12% below its $3.7 trillion peak, hinting at room to run. With stablecoin adoption booming and long-term holders stacking, Q2 may have been the real start of this cycle’s breakout. Read the full report here: State of Crypto Q2 2025 – 99Bitcoins A Record-Breaking Quarter for Bitcoin Bitcoin lit up Q2 with a 25.66% gain, smashing past resistance to hit a then-record $111,980 on May 22. That put it well ahead of gold’s 7.21% rise and most equity indices, marking a sharp reversal from Q1’s pullback. According to 99Bitcoins’ Q2 report, the rally was driven by institutional inflows, ETF demand, and growing sovereign interest, with governments now holding 2.5% of Bitcoin’s total supply. Meanwhile, spot ETF flows consistently outpaced miner issuance, tightening supply just as demand surged. Chris Wright of 21Shares summed it up: “We believe that Bitcoin ETFs will attract 50% more inflows this year compared to last year. This would result in net inflows of approximately $55 billion in 2025, representing an increase of around $20 billion year-over-year.” A golden cross in late May confirmed the uptrend, following a clean breakout from months of consolidation. It’s a textbook bullish structure. With price action and fundamentals in sync, Q2 marked the clearest shift yet: Bitcoin is back, but powered by institutions, not retail. Institutions Took the Wheel, Retail Turned to Altcoins According to the 99Bitcoins report, this bull run has a different driver behind the wheel. And it’s not Reddit. 9 out of 10 experts interviewed in the Q2 report said retail traders have shifted their focus to the best altcoins, chasing faster gains while institutions quietly accumulated Bitcoin. The on-chain data backs it up. Glassnode shows that 30% of $BTC’s supply is now held by centralized entities, with large players dominating inflows. Meanwhile, Google Trends reveals that retail interest in “Bitcoin” searches stayed surprisingly low throughout Q2, even as $BTC hit new highs. Confidence among long-term holders also climbed. UTXO activity dropped, and the amount of BTC in long-term storage kept rising. A sign that serious capital isn’t looking to sell anytime soon. Stablecoins and DeFi Picked Up Steam If Q2 proved anything, it’s that stablecoins aren’t just stable, they’re also scaling. The Circle IPO popped 168% on day one, marking the first stablecoin issuer to go public and signaling TradFi’s growing appetite for crypto exposure without the volatility. According to 99Bitcoins, 81% of crypto-aware SMBs now want to use stablecoins for daily ops, and the number of Fortune 500s planning to integrate them has tripled since last year. On the DeFi side, Ethereum ($ETH) held L1 dominance, Chainlink ($LINK) led dev activity, and $HYPE – the native token of Hyperliquid – saw serious traction, fueled by the DEX’s rise to 70%+ of all perp DEX volume. While others chased memes, HYPE rallied on actual utility. In short: DeFi’s still cooking, and stablecoins are fueling the fire. Memecoin Mayhem After tanking in Q1, the memecoin market bounced back slightly in Q2, though volatility stayed extreme and price action remained erratic. Q2 saw the meme coins hit new heights, with over 5.9 million new tokens launched and most of them churned out via pump.fun. It was chaotic, noisy, and pure degen energy. While most faded instantly, tokens like $FARTCOIN and $SPX kept riding the wave. That said, the surge in token activity came with a dark side: phishing and wallet-targeted hacks climbed, especially among memecoin holders. Regulatory Wins and Macro Shifts Driving Confidence If Q2 had a theme, it was relief on both the policy and economic fronts. The U.S. pulled back on crypto enforcement, scrapped IRS reporting rules for DeFi, and signaled a more constructive stance overall. Meanwhile, the Fed held rates steady for the fourth straight time, hinting at a possible cut in July. With unemployment flat and growth slowing, capital started flowing into safe-haven assets, and this time, Bitcoin was firmly on that list. The result? Confidence surged. Bitcoin ETF inflows accelerated, volatility dropped, and $BTC’s macro narrative strengthened. It’s no longer just a risk asset; it’s becoming part of the defensive playbook. Elsewhere, $XRP finally closed its long-running legal battle with the SEC, potentially clearing the runway for a new ATH later this year. What’s Next for Q3? Back in Q2, 99Bitcoins forecasted that if BTC could flip $111K–$112K resistance, the path to $120K would open, with $135K as a stretch target. Fast forward to now, and that prediction is aging well: Bitcoin is already trading at above $118K, edging toward that psychological milestone. The report also noted $BTC was holding firm above $103K support, forming a bullish structure backed by rising miner wallet balances, shrinking exchange reserves, and growing illiquid supply – all signs of confidence from long-term holders. Still, Q3 isn’t without risk. ETF inflows could slow, and macro headwinds, from global conflict to sudden rate hikes, remain on the radar. But if institutional flows stay hot and the Fed delivers a rate cut, $135K no longer feels like a moonshot. It’s just part of the next leg up. Final Thoughts: A Bull Market With Depth The 99Bitcoins Q2 report by Manisha Mishra paints a clear picture: this bull market isn’t built on retail hype. Institutions, regulatory tailwinds, and real product traction are powering it. From ETF inflows to stablecoin adoption and supply-side tightening, the signals all point toward a more mature, resilient crypto cycle. And with Bitcoin already pushing towards $120K, many of the Q2 projections are already playing out. If momentum holds, and macro conditions don’t throw a curveball, Q4 could be the real breakout. Read the full report here: State of Crypto Q2 2025 – 99Bitcoins This article is for informational purposes only and does not constitute financial advice. Please always do your own research (DYOR) before investing in crypto.

Ivanhoe Mines (TSX: IVN) founder and billionaire Robert Friedland has backed US President Donald Trump’s plans to impose a new copper tariff starting August 1, calling it essential for building a domestic copper industry. Once known mainly for its role in construction and wiring, copper has become a critical mineral due to its importance in defence, electronics, and electric vehicles. Friedland said the tariff will “wake people up” to America’s vulnerability in key supply chains. “There’s a new list of critical raw materials and without it, you can’t do anything about global warming or greening the world economy and you have a critical vulnerability in national security,” Friedland told the Financial Times. “I commend the Trump administration for doing what’s obvious and intelligent — America needs to produce the metal”. In anticipation of the tariffs, US importers have rushed to stockpile copper. Between January and April 2025, they imported 461,000 tonnes of copper, or 232,000 and 148,000 tonnes more than the same periods in 2024 and 2023, respectively. Copper prices soared this week on the tariff announcement, but analysts expect prices outside the US to drop as major exporters like Chile, the world’s top copper producer and the largest copper supplier to the US, redirect shipments to other markets. “The US does not have nearly enough mine, smelter or refinery capacity to be self-sufficient in copper,” Jefferies LLC analysts including Christopher LaFemina wrote this week. “Import tariffs are likely to lead to continued significant price premiums in the US relative to other regions.” Speeding up permitting The Trump administration has sought to streamline permitting for mining and drilling on public lands. Timelines that once stretched one to two years have reportedly been shortened to as little as up “to 28 days at most”. Still, building a new mine takes an average of nearly 29 years. This positions the US as the second-longest lead time in the world after Zambia, according to S&P Global. “The longer-term aim of the Trump administration may be for the US to be fully self-sufficient in copper, but mines take too long to develop for this to be achieved in less than a 10-year time horizon,” Jefferies analysts wrote. Copper has become a symbol of the US struggle to bring new mining projects online. Major projects such as Rio Tinto’s Resolution in Arizona, Northern Dynasty Pebble project in Alaska and Antofagasta’s Twin Metals in Minnesota have all stalled for years in the federal permitting process. Friedland’s US-focused Ivanhoe Electric (TSX, NYSE: IE) also plans to develop the Santa Cruz copper mine in Arizona.

Bitcoin’s price is holding firm despite growing chatter about the end of its market dominance. However, analysts are turning their attention not to Bitcoin’s price but to its waning market share as signs that altcoins may finally be ready to take center stage in what could become a full-blown altcoin season. A post on X has highlighted a specific breakdown structure in BTC dominance, which is linked to nine factors indicating that the altcoin season has begun. Technical Factors Showing Fall Of Bitcoin Dominance According to the analyst, Bitcoin dominance reached a peak of exactly 66% on June 27, 2025, a date he calls significant for its esoteric code 434 and its occurrence on a new moon. From a technical perspective, the 66% mark coincided precisely with the 0.786 Fibonacci retracement level, a region many traders consider a reversal zone. More importantly, several warning signals are flashing for Bitcoin traders. The analyst’s post on the social media platform X features a few price charts to emphasize how the Bitcoin dominance might be fading, alongside nine factors. From a purely technical lens, the dominance chart looks increasingly exhausted. The first factor is the most recent highest monthly RSI in the history of the Bitcoin dominance chart. This event has created an overbought condition, and the next outlook is a possible crash of the RSI. The MACD, in fact, has already crossed into bearish territory. Furthermore, the histogram has turned negative, and the faster line has moved below the slower one, which is a classic signal of an impending downtrend. Another interesting factor is that Bitcoin dominance has now broken a key diagonal support line that held firm through much of 2024 and 2025, which is another possible structural breakdown. Fundamental Factors Show Strong Rotation Into Altcoin Pairs While the technical picture is deteriorating, the fundamentals are also stacking in favor of altcoins very quickly. The first fundamental factor is the importance of upcoming altcoin spot ETFs, which have the possibility to redirect institutional flows from Bitcoin into Ethereum, XRP, and others. ETFs such as the Spot XRP, Dogecoin, and Solana ETFs could rapidly increase inflows into the rest of the crypto market, similar to how Spot Bitcoin ETFs caused massive inflows into Bitcoin. The analyst also highlighted the likelihood of upcoming U.S. Federal Reserve rate cuts, which would tilt market conditions in favor of altcoins over Bitcoin. Momentum has also begun to shift in some trading pairs, particularly XRP/BTC and ETH/BTC, both of which are showing reversal signs from critical levels. The XRP/BTC chart displays repeated failed attempts to break above 0.0000215 BTC, a horizontal resistance that has now been tested five times on the daily candlestick timeframe chart. At the time of writing, the XRP/BTC pair has returned to this level yet again, and based on this pattern, any clean breakout here could confirm a decisive rotation into XRP. Likewise, Ethereum has begun to recover from long-term oversold conditions when measured against Bitcoin. The rounded bottom pattern forming on the ETH/BTC weekly chart shows a reversal from undervaluation, which in past cycles has caused substantial gains for Ethereum relative to BTC.

Orezone Gold (TSX: ORE) said on Friday it has filed a prospectus with the Australian Securities and Investments Commission (ASIC) for an initial public offering to raise A$75 million ($50 million). Under the prospectus, the Canadian miner, which operates the Bomboré gold mine in Burkina Faso, is offering approximately 65.8 million CHESS depository interests (CDIs) at a price of A$1.14 per CDI. CDIs are used by foreign entities wishing to list on the Australian Securities Exchange with the advantage of participating in the CHESS system for clearing and settling trades. Each CDI represents a beneficial interest in one common share of a company. For Orezone, Canaccord Genuity will act as its lead manager, bookrunner and underwriter to the offering, while Euroz Hartleys, Argonaut Securities, SCP Resource Finance and BMO Capital Markets will serve as the co-managers. “We look forward to the ASX listing, which will raise the company’s profile by broadening its shareholder base and increase trading liquidity for all shareholders,” stated Patrick Downey, president and CEO of Orezone, in a press release. “The listing also represents an exciting opportunity for investors to participate in the company’s growth strategy as we execute on our staged hard rock expansion at the Bomboré mine, which will significantly increase our annual gold production,” he added. Orezone Gold’s shares rose 3.6% to C$1.14 apiece on the TSX by 11:20 a.m. ET, for a market capitalization of C$590.5 million ($431.7 million). Bomboré expansion The Bomboré mine located 85 km east of Ouagadougou represents Orezone’s sole asset. The company has worked on the project since 2003 and now holds a 90% interest, with the Burkina Faso government owning the other 10%. The open pit mine entered commercial production in December 2022 following successful commissioning of the Phase 1 oxide plant earlier that year. Since then, it has operated above the planned nameplate at a processing rate of 5.9 million tonnes per annum (Mtpa). Orezone is currently focused on expanding the operation by processing Bomboré’s hard rock mineral reserves to increase its life-of-mine gold production. The expansion will come in phases, beginning with a 2.5Mtpa plant that could increase the overall gold production to 170,000 oz. a year. The Stage 1 plant is already under construction and is expected to begin production in the fourth quarter. The Stage 2 expansion will add a second 2.5Mtpa plant and could increase the mine production further to 220,000-250,000 oz. per year. “Subject to funding, ongoing studies and final board approval, the Stage 2 hard rock expansion will commence in H2 2025, with commissioning expected in Q4 2026,” said Downey. Proceeds of the Australian offering are expected to fund the Stage 2 expansion, including procurement of mechanical and electrical equipment, freight to site, engineering design and construction. According to a technical report from 2023, the mine’s average annual gold production is expected to rise to 231,000 oz. in the first three full years after expansion.

Since yesterday’s new all-time highs for Bitcoin, Cryptocurrency markets have been grabbing their share of the general euphoria in equity markets in the past few weeks. US Indices are down in today’s stock market open, while major Cryptos are up big. Global equities are also in the red, led by EuroStoxx (-0.90%), pushed down by the pricing of renewed fears after Trump’s last letter, which notably announced 35% tariffs on Canada. Markets are still looking for ways to diversify from the US Dollar, as the current environment doesn’t allow investors to invest confidently in a country where the President does everything to instill uncertainty – and Cryptocurrencies are a major contender for the rewiring of these financial flows. Anyhow, let’s examine major Cryptocurrencies' intraday charts. Bitcoin is reaching new all-time highs by the hour, dragging up sentiment in altcoins. Read More: Bitcoin reaches fresh all-time high in market-wide breakout — what’s next? 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. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Cardano has been one of the best performing assets on low timeframes. The top cryptocurrency is hinting at further profits, as the Bitcoin price crosses a new all time high and the much awaited altcoin season approaches. At the time of writing, Cardano trades at $0.74 with a 18% profit over the past 24 hours. On higher timeframes, the cryptocurrency records a 28% profit followed by XRP’s 20% gains over the same period. Analyst Says Cardano Will Replicate a Historical Bull Run Unlike Ethereum and XRP, the Cardano price has been more consistent with its past performance. In that sense, analyst Ali Martinez pointed to the formation of a bullish pattern for ADA that could propel the digital asset above the critical level around $1. The analyst claims that the $0.55 support for Cardano has been a key support on high timeframes. The last time the cryptocurrency dropped to this level in April this year, as seen on the chart below, ADA was able to rise to over 55% and touched the $0.85 mark. ‘It’s happening again’ said Martinez while pointing at the bullish momentum driving Cardano since it touched the bottom of this parallel channel. If the cryptocurrency can sustain this drive, it is likely to touch its May highs before meeting critical resistance. ADA Could Trend Even Higher, Bullish Price Targets A separate analyst also took note of the Cardano price action and the way it seems to be mirroring past patterns. The analyst claims that Cardano is entering a critical breakout zone. However, unlike Martinez, the analyst is more bullish and believes the ADA price might rally as much as 212% over the coming weeks. The analyst placed a bullish price target for the Cardano price at around $1.7. The analyst stated the following while sharing the chart below: $ADA is now testing the 50-week EMA. The last 2 times it crossed this line, it went up 212% and 128%. If history repeats, we will be looking at $1.77 $ADA. Are you ready for the pump? In the long term, the analyst expects to see ADA hit $5 driven by its recent announcements, including a partnership with Tx Pipe to accelerate developer growth in Argentina that is set to benefit the Cardano ecosystem. On this partnership, Charles Hoskinson, CEO of IO, said: Their team represents the best of what Argentina’s developer community has to offer, and together we are building a foundation for long-term ecosystem growth. Our collaboration also fulfills the broader vision of making IO Buenos Aires a crypto hub. Cover image from ChatGPT, ADAUSD chart from Tradingview

Sharing fresh insights on X, Crypto Analysis AI observed that Chainlink is maintaining its upward trajectory, but not without signs of fading strength, identifying $14.20 as a key level to watch. Holding above this level could preserve the bullish structure, while a breakdown might trigger a deeper pullback. Mixed Signals In Focus: Chainlink Short-Term Strength Vs. Medium-Term Caution According to Crypto Analysis AI, LINK/USDT is currently showing mixed signals, with a slight bullish bias in the short term but potential consolidation or pullback risks in the medium term. The 1H timeframe shows more buy signals, while the 4H timeframe indicates weakening momentum after a strong uptrend. In the 1H timeframe, the following bullish signals are active: ADX (35.47, strong trend), EMA (EMA9 > EMA20), KDJ (buy), ICHIMOKU (buy), and TRIX (buy). At the same time, several indicators are flashing bearish signals, including MACD (histogram negative), PSAR (sell), and Keltner Channels (sell). Some metrics remain neutral, with RSI at 57.60 (not overbought) and OBV showing neutral. For the 4H timeframe, bullish signals include ADX (34.17, strong trend), MACD (positive histogram), and Supertrend (buy). However, KDJ (sell), SMI (sell), and Schaff Trend Cycle (overbought) are signaling possible weakness. RSI at 66.94 (nearing overbought) and neutral OBV further support a cautious medium-term view, which increases the risk of a pullback. Key Observations from Crypto Analysis AI note that short-term momentum favors bulls. However, medium-term indicators suggest exhaustion, pointing to the 4H RSI reading. Fluctuations And Consolidation Signal Caution Crypto Analysis AI reports that the current trend for Chainlink remains an uptrend, but is slowing. Looking at recent price action, Crypto Analysis AI observed that on the 1H timeframe, LINK fluctuated between $14.25 and $14.48, closing at $14.34. Meanwhile, on the 4H chart, there was a strong rally from $13.50 to $14.49, which is now consolidating near $14.30 and $14.40. The analyst also mentioned that volume is declining in the recent 1H candles, which suggests weakening momentum. Crypto Analysis AI identified the following key resistance levels: $14.48 (recent high) and $14.65 (upper Bollinger Band, 1H). In terms of key support, he pointed out $14.20 (recent swing low, 4H), followed by $13.90-$14.00 (psychological support, 4H EMA20) and $13.50 (strong support, previous breakout zone). Outlining potential bullish scenarios, Crypto Analysis AI explained that if LINK holds above $14.20, it could retest $14.48 and $14.65. In a bearish scenario, a break below $14.20 may lead to a deeper correction toward $13.90-$14.00. Meanwhile, for a neutral scenario, Chainlink may continue to consolidate between $14.20 and $14.48 before the next directional move. Finally, Crypto Analysis AI flagged several cautionary signals: 4H RSI near 67 could trigger profit-taking while the MACD histogram is declining despite higher highs. Furthermore, there is lower volume on recent up moves, suggesting weakening demand.

Q2 2025 delivered a decisive message: after a turbulent phase, crypto is back on top! The cryptocurrency sector posted a robust 21.72% return, outdoing every major US equity index by a wide margin. The crypto market left US equities in the dust. According to 99Bitcoins’ Q2 2025 Crypto Market Report published on 10 July 2025, “most US equity indices stayed below 15% in quarter-to-date (QTD) gains, only the S&P 500 Information Technology sector stood out with an 18.4% rise; the broader S&P 500 gained just 7.37%. In contrast, the crypto market outperformed them all with a strong 21.72% return.” Interestingly, the crypto industry saw a 18% drop in Q1 2025. Hence, the Q2 rebound is a notable recovery. The crypto gains of the second quarter of 2025 surpasses its performance in previous years, reversing a 14.44% fall in Q2 2024. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 So, What Drove Crypto’s Outperformance? What helped propel Bitcoin’s dominance to a four-year high of 63%? Institutional investor interest stood out. While retail traders shifted focus towards altcoins, institutions favored Bitcoin. According to the 99Bitcoins’ report investors’ interest in crypto picked up in Q2.” In April, blockchain-related mentions in SEC filings hit a record high of 5,830, likely due to the Trump administration’s pro-crypto approach,” the report stated. Furthermore, the US government provided much-needed regulatory clarity, passing key laws and executive orders that broadly support the crypto market. Notably, the removal of IRS reporting rules for DeFi platforms and relaxed requirements for banks engaging in crypto activities boosted confidence across the sector. After hitting a low in March 2025, the crypto Fear and Greed index rebounded into “greed” territory for over 60 days, buoyed by positive policy signals. Just yesterday, Bitcoin -the world’s most valuable crypto -soared pushing above $117,000, only for buyers to aggressively step in today, lifting BTC ▲6.76% to an all-time high of $118,409. The Fear and Greed Index from 99Bitcoins shows a reading of “67.” Read More: Bitcoin Hits ATH Without FOMO, Bitcoin Hyper Raises $2.3M Chris Wright, Global Head of Marketing at 21Shares weighed in. “We believe that Bitcoin ETFs will attract 50% more inflows this year compared to last year,” he said. “This would result in net inflows of approximately $55 billion in 2025, representing an increase of around $20 billion year-over-year. If this trend continues, the total assets under management could nearly double from just over $110 billion currently, to over $200 billion by the end of the year.” Stablecoins Steal the Spotlight The Web3 sector saw a surge in job openings for June 2025. While Ripple, Arbitrum Foundation, Stellar, and Ava Labs are among the firms actively recruiting for various roles, OKX, and Kraken have announced an expansion of their Web3 teams. “Hiring surges like this are typical during bull markets and reflect strong belief in the industry’s growth potential,” the report said. But, stablecoins led sector-wide demand. According to the report, 81% of small and medium businesses (SMBs) familiar with crypto are interested in using stablecoins for daily operations. Moreover, the number of fortune 500 companies planning to use stablecoins has triples since 2024. Circle’s successful IPA- where the company’s stock price soared 168% on debut – is proof od stablecoin related appetite and exposure. DISCOVER: 16 Next Crypto to Explode in 2025: Expert Cryptocurrency Predictions & Analysis The post Crypto’s 21.72% Surge in Q2 2025 Leaves Wall Street Behind appeared first on 99Bitcoins.

Bitcoin has officially broken through its previous all-time high of $112,000, surging to $118,000 just hours ago and entering uncharted territory for the first time since late May. The breakout confirms bullish momentum after weeks of consolidation and failed attempts, with price action now showing clear strength. With the psychological and technical barrier of $112K cleared, many analysts believe this move could mark the beginning of Bitcoin’s next expansive rally. Bulls are firmly in control, and on-chain metrics support this breakout narrative. According to fresh data from CryptoQuant, the MVRV (Market Value to Realized Value) Extreme Deviation Pricing Bands currently stand at 2.25. Historically, Bitcoin enters the overheated zone around 3.0 or higher, suggesting there is still room for growth before reaching excessive valuation territory. This metric, which measures the deviation between market price and realized value, helps identify when BTC is overbought or undervalued relative to past performance. At current levels, the data points to continued upside potential without major overheating concerns, fueling confidence that this breakout could extend further. Bitcoin Enters Expansion Phase As Market Eyes $130K After weeks of tight consolidation below the $110,000 mark, Bitcoin has finally broken out, signaling the start of a new market phase. The breakout above previous highs has reignited investor optimism, not only for BTC but also for the broader altcoin market, with many altcoins now pushing above key resistance levels for the first time in months. This move comes amid growing anticipation of a weakening US dollar and renewed inflationary pressures as Washington adopts looser fiscal policies. The market is increasingly pricing in the effects of tax cuts, high government spending, and dovish political rhetoric—all of which create a favorable environment for risk assets like Bitcoin. Still, the macro backdrop is not without risks. US Treasury yields remain elevated, flashing warnings of underlying systemic stress in credit markets. This tension underscores the fragility of the current rally and the importance of monitoring fundamental shifts. Top analyst Axel Adler shared insights using the MVRV oscillator, a model that compares Bitcoin’s market value to its realized value. According to Adler, historical data over the last four years suggests that when MVRV reaches 2.75, Bitcoin tends to face its first wave of meaningful selling pressure. If the same pattern holds true in this cycle, Bitcoin could reach approximately $130,900 before seeing notable profit-taking activity. While the current MVRV reading remains below that threshold, the model offers a clear signal of where long-term holders may begin offloading. Until then, the breakout sets the stage for a potential leg higher, with bulls now in control, pushing toward price discovery and a possible test of the $130K zone. BTC Enters Uncharted Territory With Strong Momentum Bitcoin has officially broken into price discovery after blasting through its all-time high resistance near $112,000. The 3-day chart shows a massive bullish candle pushing BTC up to $118,683, representing an 8.94% gain in the last session. This breakout is the first clear sign of a strong bullish continuation after weeks of sideways consolidation below key resistance. The chart highlights a textbook breakout structure. BTC respected the $103,600 and $109,300 support zones multiple times throughout May and June before finally gaining enough momentum to pierce through the upper resistance. The recent surge came with a noticeable spike in volume, adding confidence to the breakout’s sustainability. Moving averages also confirm the bullish trend. The 50, 100, and 200 SMA lines remain aligned upward with increasing separation, suggesting that market structure remains strong and trend continuation is likely. Bitcoin is now trading well above all major moving averages, reinforcing the strength of the rally. With no historical resistance levels above, BTC enters a price discovery phase. The next psychological target for bulls will likely be $120,000, followed by the MVRV-based resistance level around $130,900. As long as BTC holds above $112K, the momentum remains decisively in favor of the bulls. Featured image from Dall-E, chart from TradingView

Bitcoin’s up nearly 8.5% this week, approaching $120K and clocking over $123B in 24h volume. But now, the real volatility (and upside) is rotating into the best altcoins. Traders are chasing faster gains down the cap table (memes, AI tokens, new L1s), and Kraken’s making those trades easier to find and execute. If you’re looking for what’s next, not what already happened, Kraken’s where you start. Altcoin Rotation Is Heating Up Bitcoin’s ripping, but Ethereum’s catching up fast. $ETH is up over 17% this week and now flirting with the $3K mark. Historically, when $ETH gains momentum, the altcoin floodgates tend to open, and that’s exactly what we’re seeing. BTC dominance is also slipping below 65%, a key signal that traders are rotating into higher-beta plays. On Kraken, it’s not just the best meme coins flying. In the past 24 hours, Omni ($OMNI) pumped +174%, Matchain ($MAT) +66%, and Dolomite ($DOLO) +53.35%. Even coins like Renzo ($REX), Initia ($INIT), and Unicorn Fart Dust ($UFD) are putting up 30–50% days. With many low-cap, high-velocity tokens, Kraken gives you the first shot at these rotations before the crowd catches on. Kraken Moves with the Market In the past three days alone, Kraken has listed $HBAR, $TANSSI, and $EPT. These additions align perfectly with what traders are rotating into: AI, Layer 2 (L2) infrastructure, and real-world asset plays. That speed and narrative alignment isn’t a fluke. Kraken just climbed to #2 globally in Kaiko’s Q2 2025 Exchange Rankings, a data-driven benchmark that weighs market quality, regulatory strength, liquidity, and transparency. Kraken scored high across the board, particularly on depth and execution reliability – two pillars that matter most when chasing volatile small caps. For traders trying to stay in sync with the flow of capital, Kraken is a front-row seat to what’s next. Built for the Way You Trade Altcoins Catching altcoin moves isn’t just about spotting the right tokens. It’s about having the tools to act on them fast. With 452+ listed assets, Kraken exposes you to everything from the best low-cap coins to AI, L2s, and real-world asset plays, all in one place. Kraken lets you buy instantly using bank transfers, cards, Apple Pay, Google Pay, or PayPal. So you’re never stuck on the sidelines when the market starts moving. You can go long on a momentum play, hedge it with 300+ derivatives, or stake your bags across 20+ supported assets, including newer staking listings like $SUI. Need flexibility? Kraken offers up to 5x margin and consistently deep liquidity, with 88% of 2024 orders filling at the top of the book, minimizing slippage when every second counts. For altcoin traders also tracking macro trends, Kraken’s xStocks expansion brings tokenized equities like TSLA, AAPL, and SPY into play, bridging TradFi and crypto in real time. Alt Season Needs a Platform Bitcoin lit the fuse, but the real action is in altcoins. With capital rotating fast and new narratives popping up daily, you need a platform that keeps up. Kraken’s deep listings, fast access to new tokens, and pro-grade trading tools give you everything you need to execute quickly and confidently when a window opens. This content is for informational purposes only and does not constitute financial advice. Always do your own research (DYOR) before making any investment decisions. All crypto assets mentioned in this piece are volatile and carry risk.

CA Unemployment Rate June, 6.9% vs 7.1% expected, beat of +0.2%CA Net Change in Employment June, +83.1k vs. +0k expected, beat of +83,100CA Average Hourly Wages June (YoY), +3.2% vs +3.0% expected, beat of 0.2%CA Building Permits May (MoM), 12% vs -0.8% expected, beat of +12.8%CA Participation Rate June, 65.4% vs 65.0% expected, beat of +0.4% CA Unemployment Rate (June 2025): close CA Unemployment Rate, Statistics Canada/Statistique Canada, 11/07/2025 CA Unemployment Rate, Statistics Canada/Statistique Canada, 11/07/2025 Breaking: The Canadian economy added +83,100 jobs in June, beating expectations by +83,100. Unemployment also fell to 6.9%, returning to levels seen in April. As part of the same release, average hourly wages rose by 3.2% YoY, building permits rose by 12%, and the participation rate rose to 6.5%, all beating expectations. Key takeaway: The Canadian labour market is healthier than previously thought, reducing the current case for further rate cuts by the Bank of Canada and vindicating current choices on monetary policy. Labour Force Survey, June 2025, StatCan 11/07/2025 Market Reaction In the minutes following the release, USD/CAD trades 0.13% lower, while CAD/JPY trades 0.20% higher. Markets now look towards further US economic releases today: 12:00 EDT US USDA WASDE Report13:00 EDT US Baker Hughes US Oil Rig Count14:00 EDT US Monthly Budget Statement June15:30 EDT AU CFTC AUD NC Net Positions15:30 EDT EU CFTC EUR NC Net Positions15:30 EDT JP CFTC JPY NC Net Positions15:30 EDT GB CFTC GBP NC Net Positions15:30 EDT US CFTC Gold NC Net Positions15:30 EDT US CFTC Oil NC Net Positions15:30 EDT US CFTC S&P 500 NC Net Positions Read the full release: Labour Force Survey, June 2025, StatCan 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. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Dogecoin hovered near $0.20 on Friday, nursing a weekly gain of about 17 percent and a 24-hour trading volume above $2 billion as traders digested a late-June livestream by technical analyst Kevin, who argued that the meme-coin’s structure “has to be one of the best-looking altcoin charts out there.” Dogecoin Double Bottom Could Trigger $1 During the one-hour session Kevin highlighted a textbook double-bottom that printed on Dogecoin’s weekly chart exactly at the confluence of the 200-week simple and exponential moving averages, the 0.382 Fibonacci retracement of the 2023–2025 advance, and a long-term up-trend line dating back to the 2022 bear-market trough. Entering at that zone, he said, “the risk-reward here is phenomenal,” noting that a tight stop just below the cluster implied limited downside while upside targets stretched toward the previous cycle’s highs. Kevin told viewers the weekly momentum profile supports a larger breakout. Money-flow on Market Cipher is curling higher for the first time in more than a year; the MACD is preparing to cross bullish from a higher low; and the stochastic RSI has turned up from mid-range. On the monthly chart, relative strength continues to print higher highs and higher lows, and the stock-RSI “is hanging on, ready to push back up,” he said, adding that the entire structure “looks freakin’ great” for a sustained move once Bitcoin clears its own resistance band near $116,000. His price map for the coming months begins with a purple resistance box between $0.94 and $1.31—the 2021 peak plus the 1.618 extension of the 2022–24 base. “I’d be pretty shocked if Dogecoin can’t at least tag 94 cents,” Kevin said, stressing that a decisive break of a dollar would likely attract a new wave of retail traders and algorithmic trend-followers. He stopped short of offering an end-of-cycle target, but insisted “$1 remains likely,” conditional on Bitcoin extending toward the $150,000 region and—crucially—on macro tail-winds such as an end to quantitative tightening by the Federal Reserve. Even so, Kevin warned against complacency. Dogecoin’s intraday spike coincided with Bitcoin’s test of a major Fib cluster at $116,000, while USDT dominance hit golden-pocket support—levels that could spark a near-term cooldown. “Don’t be fooled by green candles,” he said, reminding viewers that meme-coins “can get crushed even in bull markets” and advising strict risk management: take partial profits after big thrusts, move stops to break-even, and “rinse and repeat.” Beyond pure chart work, Kevin framed Dogecoin as a perpetual beneficiary of retail psychology. “You can walk into any gas station and someone owns Doge,” he quipped. “It’s the retail darling—it always will be—especially when new money shows up with deeper pockets than last time.” For now, price action is validating that thesis. If the double-bottom holds and macro conditions align, the analyst argues, Dogecoin could once again headline the next alt-season—this time with a dollar tag that traders in the last cycle could only meme about. At press time, DOGE traded at $0.1978.

Mali’s military government has seized over $117 million worth of gold from Barrick’s (TSX: ABX)(NYSE: B) Loulo-Gounkoto mine, days after junta leader Colonel Assimi Goïta signed a law allowing himself to stay in power indefinitely. The seizure took place when state helicopters landed unannounced at the site and removed roughly 35,000 ounces of gold or slightly over one metric tonne. One metric tonne of gold is worth about $106.4 million on Friday, with gold trading at around $3,349 per ounce. Barrick said on Friday the metal was likely taken for sale by the provisional administrator appointed to oversee the mine. Details remain unclear and the situation is still unfolding, it said in a specially created section of the company’s website. This is the latest escalation in a bitter dispute between the Canadian mining giant and Mali’s ruling junta, which has controlled the country since a 2021 coup — Goïta’s second in under a year. The seizure follows a June court ruling that placed Loulo-Gounkoto, one of the world’s largest gold operations, under the control of a government-appointed official for six months. Barrick says it has yet to be formally told who the administrator is but has been informed that Samba Touré, a former employee involved in Mali’s controversial mining audit, is advising the government. Mining at the site has been suspended since January, when authorities initially seized three tonnes of gold and blocked export authorizations. In response, Barrick initiated international arbitration through the International Centre for Settlement of Investment Disputes (ICSID), which is now underway. “I want to reaffirm Barrick’s commitment to Mali, even as we navigate extraordinary and unprecedented challenges,” chief executive Mark Bristow said on Friday. “While we continue to engage constructively with the government of Mali, the ICSID process provides the legal certainty and international oversight necessary to resolve this dispute definitively”. ‘Unprecedented challenges’ Despite the deepening conflict, Bristow reiterated the company’s commitment to Mali. “We are navigating extraordinary and unprecedented challenges,” he said. “But our position is legally sound, and we remain confident in our ultimate success. We continue to work toward a resolution that serves all stakeholders.” The gold seizure coincided with the junta’s latest political move: a law granting Goïta an indefinite mandate “until the country is pacified,” according to France24. Mali has been plagued by Islamist insurgencies for over a decade, with violence spilling into neighbouring Burkina Faso and Niger. Military rule has done little to curb the attacks. Loulo-Gounkoto gold mining complex. (Image: Barrick Gold.) ————————————————————————————————————————————— Timeline: Barrick’s dispute with Mali’s junta 2021 A military junta led by Général d’Armée Assimi Goïta seized power in Mali. August 2022 Mali’s Minister of Economy and Finance ordered an audit of the mining sector. The audit, conducted by Iventus Mining, run by former Barrick staff, and Mazars Senegal, took place through 2022 and 2023. March 2023 Preliminary audit findings aired on national TV criticized the mining sector but omitted industry responses. Observers noted the report was biased and flawed. August 2023 Mali adopted a new mining code without consulting the industry, despite repeated calls for inclusive dialogue. October 2023 The government launched a review of existing mining contracts, led by the same audit group—raising conflict-of-interest concerns. The 2023 code didn’t legally apply to pre-existing contracts, including Barrick’s. Barrick offered to transition to the new framework, if exemptions could preserve project viability. It submitted several proposals, but the Renegotiation Committee refused to engage with data-driven terms. Late 2023–2024 Barrick made successive concessions during MoA talks, while Mali increased demands. In parallel, authorities launched unfounded investigations and detained local Barrick staff. October 2024 Barrick paid $83 million in good faith and outlined a path to resolve disputes. Authorities released the detained employees. November 2024 Four more employees were arrested on unproven charges and remain in detention. Authorities also issued an arrest warrant for Barrick’s CEO. Since November 14, 2024 Mali has blocked gold export authorizations, halting Barrick’s exports. December 2024 Barrick initiated ICSID arbitration over violations of its legal rights. 2025 January Authorities seized over three tonnes of gold, forcing Barrick to suspend Loulo-Gounkoto operations. Negotiations briefly resumed later in the month, but the Renegotiation Committee backtracked. It submitted a flawed MoA. February 17 To secure its employees’ release, Barrick signed the MoA. The government never countersigned and escalated tensions by asking a local court to place the mine under provisional administration. May 29 The company asks the arbitration tribunal of the World Bank to intervene in the legal proceedings. June 16 The Bamako Tribunal of Commerce appointed Soumana Makadji as provisional administrator. He has indicated plans to resume gold exports and restart operations. July Arbitration proceedings advanced. A hearing on provisional measures is scheduled for late July. On July 7, local lawyers finally got an appeal heard regarding the employees’ detention—months late. A ruling is expected July 22. Government helicopters landed unannounced at Loulo-Gounkoto on July 10, seizing over a tonne of gold, likely for sale by the provisional administrator. The situation remains fluid. ** Data source: Barrick Mining and MINING.COM archives.

Overview: The US 35% tariff on Canada and President Trump's threat to have a 15%-20% universal tariff rather than 10% provides today's disruption. A tariff letter for the EU is awaited but seeing how the US treated Canada and Brazil (with whom the US has a trade surplus) warns of the risk to Europe. That said, the full details of the tariff threat on Canada, given the free-trade deal, have not been reported yet. The dollar is firmer against the G10 currencies. The backing up of US rates arguably helped push the yen to the bottom of the leaders' board with a 0.5%-0.6% loss. The Canadian dollar is at a new low for the month and is off about 0.35%. The UK economy unexpectedly contracted in May, the second consecutive month. Sterling is off around 0.25%. Most emerging market currencies are lower. The Chinese yuan is a notable exception after the PBOC set the dollar's fix at its lowest level since last November. Most of the large bourses in the Asia Pacific region advanced. South Korea, Australia, New Zealand, and India were exceptions. Europe's Stoxx 600 is snapping a four-day advance and is nursing a 0.85% loss, which if sustained, would be the largest in nearly a month. US index futures are off 0.5%-0.6%. Benchmark 10-year interest rates are up 2-3 bp in Europe, even UK Gilts, and are mostly 8-10 bp higher on the week. The 10-year Gilt yield is up about 3 bp this week. The 10-year US Treasury yield is up a little more than three basis points today, and around 4.38%, is nearly flat on the week. Gold is higher for the third consecutive session. It stalled near the week's high set Tuesday near $3345. News that Saudi output was greater than expected may be helping keep August WTI pinned near yesterday's low (~$66.45). USD: The Dollar Index met the (50%) retracement objective of the loss from the June 23 high yesterday found near 97.90. It posted an outside day yesterday, trading on both sides of Wednesday's narrow range. It is trading inside yesterday's range so far today. The next retracement objective (61.8%) is around 98.25. The trendline, drawn through the March, April, May, and June highs, is found closer to 98.30 today. The June federal budget deficit will be reported today. Through May, the first eight months of the fiscal year, the US recorded a deficit of almost $853 bln ($741 bln in the year ago period). The June shortfall is expected to be around $33-$34 bln, around half of the June 2024 deficit. Of course, the tariff, like other taxes, is raising revenue but it comes at a cost. The price of imported goods that are tariffed are rising, even if some foreign producers are accepting narrower profit margins in the first instance, ostensibly to maintain market share. Domestic producers whose foreign competition face tariffs also appear to be raising prices. Still, the OECD projects a 7.5% budget deficit this year, rising to 8.1% next year. The White House may be mistaken if it thinks that replacing Chair Powell would by definition put the central bank on a rate cutting path. There have so far been few dissents under Powell's leadership. Imagine a dovish Fed chair being outvoted by FOMC. Former Bank of England Governor King was outvoted twice on rate decisions. It seems unprecedented in the US. But in the July 1992 FOMC meeting, four regional presidents dissented in favor of more aggressive easing. In early 1993, the challenge came from the other side. A group of governors (Angell, Philips, and Lindsey) reportedly informally discussed voting against Greenspan (dovishness at the time). Some link Angell's resignation in February 1994 to the internal dynamics at the Fed. Still, we suspect that by the time President Trump nominates a successor to Governor Kugler (terms ends in January), the Federal Reserve will be poised to resume its easing cycle and may also be considering winding down QT. EURO: The euro posted an outside day yesterday, trading on both sides of Wednesday's range but it settled inside the range. It reached a two-week low slightly below $1.1665, which it has re-tested today, while mostly holding below yesterday's settlement, a little above $1.1700 (1.7 bln euros of options expire at $1.17 today). Nearby lies the 20-day moving average (~$1.1660) and the (50%) retracement of the rally from June 23 (~$1.1640). The euro has not settled below its 20-day moving average for nearly two months. President Trump signaled that the EU would receive its tariff letter shortly. CNY: After poking above CNH7.1880 on Wednesday, the dollar pulled back to CNH7.1760 yesterday and, encouraged by the lower reference rate today, fell to about CNH7.1670. It appears to have found a comfortable range for the moment: ~CNH7.15-CNH7.19. It has not traded above CNH7.20 for a month. The greenback settled last week near CNH7.1635. The PBOC set the dollar's fix at CNY7.1475 (CNY7.1510 yesterday and CNY7.1535 last Friday). It is a new low for since last November. Early Monday, China is expected to report the June trade figures. The trade surplus is expected to have risen from about $103.2 bln to around $113 bln. The record was set in January (~$138.4 bln). It may be the fourth month in the first six months of 2025 that more than a $100 bln monthly surplus is reported. On as year-over-year basis, Chinese exports rose by an average of 6% in 2024 after falling by an average of 4.2% in 2023. In the first five months of 2025, Chinese exports have risen by an average of 5.6% year-over-year. Imports rose by 1.3% year-over-year on average last year after declining by an average of 5.3% year-over-year in 2023. In the first five months of this year, imports fell at an average year-over-year pace of 4.6%. China exports a little less than 20% of GDP, which is not high by international standards, and that includes foreign companies that use China as an export platform (estimated to account for around 30% of China's exports). JPY: The dollar fell to a marginal new three-day low yesterday near JPY145.75. The low was set in local trading before the greenback climbed to set the session high as European markets were closing near JPY146.80. True to the recent pattern, the US 10-year yield also rose by about five basis points from the low set in the Asia Pacific session (4.32%) and peaked near 4.37% near the close of European markets. The yield pulled back and extended after the solid if not spectacular 30-year bond auction and the US dollar finished little changed on the day. The dollar returned to the week's high (almost JPY147.20) today, arguably helped by the continued recovery in US rates. The 10-year Treasury is up three basis points to approach this week's high. Japan's own 20-year bond auction today was unspectacular. Demand (bid-cover) was 3.15, below the 12-month average, though still the best since March. Japan's 30-year bond yield jumped almost 20 bp this week (to 3.06%), and the 40-year yield, which fell for the third consecutive session today, rose 22 bp this week. GBP: Sterling posted an outside day yesterday and it closed well within Wednesday's range. It again tested the $1.3530 area it saw on Tuesday well, which corresponds to the (61.8%) retracement of the rally since June 23. Still, it settled lower for the fifth consecutive session. It frayed the support marginally today after the GDP disappointment. Instead of growing by 0.1%, the UK economy contracted by as much in May after shrinking by 0.3% in April. The decline in industrial output and manufacturing production accelerated. Industrial production fell by 1.0% (-0.6% in April), led by a 1.0% drop in manufacturing (-0.7% in April, initially reported at -0.9%). Services activity expanded by 0.1% after contracting by 0.3% in April. The trade deficit narrowed (~-GBP5.7 bln vs a revised -GBP6.5 bln in April). Ahead of next week's CPI and employment report, the swaps market remains confident of a BOE rate cut next month (~90% vs. ~86% a week ago). CAD: The US dollar stalled at the (61.8%) retracement of the decline since June 23, slightly above CAD1.37. It set session lows near CAD1.3655 late yesterday. The US tariff threat of 35% was nearly as shocking as Brazil's 50% tariff. Excluding energy, the US runs a trade surplus with Canada. It is also not clear what exception for goods meeting the USMCA domestic content rules. The dollar rose to CAD1.3730, a new high for the month. A move above CAD1.3740 could target CAD1.38. Options for $830 mln expire today at CAD1.3700. Canada reports June employment today and CPI next week. The data must be surprisingly weak into order to revive speculation of a rate cut at the end of the month central bank meeting. The swaps market has less than a 10% chance of a cut at the July 30 meeting and around a 72% chance of a cut at the following meeting (September 17). Canada grew an average of 8.5k full-time positions in a month in the Jan-May period (compared with almost 11.1k average in the first five months of 2024). It grew 89k full-time positions in April and May after losing almost 82k full-time posts in February and March. The unemployment likely ticked up to 7.1%, which would be a new cyclical high (the highest since July 2021). It was 6.4% last June and 6.6% in January 2025. AUD: After recording inside trading days on Tuesday and Wednesday, the Australian dollar popped higher yesterday and set a new high for the year a little above $0.6590 late yesterday. It edged up a little further today, while holding below $0.6600 and the broader US dollar gains on the back of the new tariffs, saw the Aussie pull back to almost $0.6555, around where it settled last week. Below there support is seen around $0.6540. MXN: After setting a new low for the year, near MXN18.55 on Wednesday, the dollar reached almost MXN18.7060 on Thursday. The session high was set around the time the less dovish minutes from the recent central bank meeting were published, which saw the greenback fall back toward MXN18.6050. The dollar is firm today and pushing against MXN18.70 in late European morning turnover. Nearby resistance is seen in the MXN18.77-MXN18.83 area. Mexico reports May industrial production figures today. The median forecast in Bloomberg's survey calls for a 0.1% dip, which would offset the 0.09% increase in March. In Q1, which is a volatile series for Mexico, it rose by an average of 0.3% a month after falling by an average of 0.85% in Q4 24 and a flat Q3 24 performance. The IMEF manufacturing PMI has not been above the 50 boom/bust level since March 2024, and the S&P manufacturing PMI has not been above 50 since June 2024. The economy contracted by 0.6% in Q4 24 (quarter-over-quarter). before expanding by 0.2% in Q1. The median forecast in Bloomberg's survey sees the Mexican economy still bumping along stagnation, with a 0.1% contraction seen in Q2, 0.4% in Q3 and a flat Q4. On a year-over-year basis, it is consistent with a small decline in output in H2 25 compared with H2 24. Turning to Brazil, initially, the real extended the 50% tariff induced slide. The dollar reached nearly BRL5.6220 before falling to about BRL5.5250. It settled near BRL5.5320 yesterday. The Bovespa's 0.55% loss was the second largest in the region yesterday, after Argentina. Disclaimer

The Canadian dollar has posted losses in the European session. USD is trading at 1.3702, up 0.34% on the day. Earlier, the Canadian dollar weakened to 1.3731, its lowest level since June 27. Canada's job growth has stalled Canada releases the June employment report later today. Job growth has stalled since January and the economy created just 8800 jobs in May. The markets are braced for worse news in June with a consensus of no growth. The unemployment rate has been steadily increasing and is expected to rise to 7.1% from 7.0%, compared to 6.2% a year ago. The labor market may have stalled but there is some relief that the US tariffs haven't resulted in worse employment numbers. US President Trump threatened on Thursday to impose a punishing 35% tariff rate on Canadian goods, a dramatic escalation in the trade war between the two countries. Canada and the US have been engaged in trade talks but the new round of tariffs are scheduled to take effect on August 1. The tariffs would be damaging for Canada's economy, chilling growth and boosting inflation. 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. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Ethereum crypto is firm and breaking out. With ETH rallying, traders are targeting $3,500 amid institutional demand from Wall Street. On a day when Bitcoin surged above $118,000 and printed fresh all-time highs above $113,500, many expected altcoins and some of the best cryptos to buy to follow suit. The good news is that most did rise. XRP crypto climbed nearly 7% to trade above $2.55, while Solana crossed $160, adding 9% in the past week. Among the assets investors and traders were also closely watching was ETH ▲8.81%. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 Ethereum Crypto Targets $3,500 Ethereum is slightly up after a relatively subdued first half of the year. In the last day, the coin pushed above $2,600, racing to trade above $2,900, extending weekly gains to nearly 15%. At this pace, analysts expect the coin to trade above $3,500 in the coming weeks, setting the pace for further gains to $4,100. EthereumPriceMarket CapETH$364.99B24h7d30d1yAll time From the Ethereum price chart, the local resistance is around $3,000. If this liquidation level is broken, ETH could easily climb to $3,500 in a buy trend continuation pattern. This rally, ideally with expanding participation, would confirm the gains of early May 2025, which pushed ETH above $2,000. DISCOVER: 20+ Next Crypto to Explode in 2025 World Liberty Financial, Institutions Accumulating ETH Behind these refreshing higher highs are supportive fundamentals that position ETH among the next cryptos to explode in Q3 2025. There may be political links to the recent surge. According to Artemis Intelligence, the Trump family has been heavily accumulating Ethereum and Ethereum-based tokens through their DeFi project, World Liberty Financial. (Source: Artemis) This accumulation comes as no surprise. Eric Trump, who is behind World Liberty Financial, has previously posted on X endorsing ETH. As of July 11, the DeFi protocol holds over $150 million worth of ETH, supplying it to Aave, a decentralized money market, to earn yield. Additionally, there has been sharp interest in spot Ethereum ETFs. According to Soso Value, institutions currently hold nearly 4% of the total ETH supply, or over $12.5 billion in Ethereum-backed shares. Recent trends show millions in institutional flows into ETH over the last four trading days. (Source: Soso Value) On July 10 alone, institutions scooped up $383 million worth of spot Ethereum ETF shares, primarily through BlackRock and Grayscale. Interestingly, this wave of demand for ETH comes despite the U.S. SEC not permitting issuers to stake investors’ ETH deposits. If the regulator lifts this restriction, billions of dollars could flow into spot Ethereum ETFs as institutions scramble to earn a near risk-free yield on their ETH. Currently, the Ethereum network offers a 3% APY yield for stakers. Recent data reveals that over 35.66 million ETH have been staked by more than 1 million active validators. Each validator locks up an average of 32.68 ETH. (Source: Beaconcha.in) Wall Street Watching Accompanying the current surge are comments from crypto influencers and founders. Recently, Joseph Lubin of Consensys and Sharplink announced plans to buy tens of millions of ETH. In an interview, Lubin said Ethereum is gaining traction in how traditional finance views digital assets. Specifically, he noted the increasing number of companies holding ETH in their treasuries. Because of the proof-of-stake consensus mechanism, ETH rewards stakers, and the built-in yield makes it attractive for long-term HODLers who want to earn yield on the asset. In contrast, Bitcoin does not offer holders any yield, and the only way for holders to profit is through capital gains. DISCOVER: Best New Cryptocurrencies to Invest in 2025 – Top New Crypto Coins Ethereum Price Targets $3,500 Amid Institutional Demand Ethereum price firm, bulls targeting $3,500 Ethereum recovery follows an underwhelming H1 2025 Spot Ethereum ETF inflows are mostly positive Wall Street firms exploring ETH and yield-earning strategies The post Ethereum Crypto Targets $3,500 Amid Strong Institutional Demand appeared first on 99Bitcoins.

Most Read: S&P 500, Dow Jones Q3 Outlook: Tariffs, Tech, and Small Cap Concerns Market optimism was dampened in the Asian session as market participants digested the latest Trump tariff updates which included a 35% tariff on Canada. President Trump also announced a potential blanket tariff of 20% on other countries. close Source: TradingView.com (click to enlarge) Source: TradingView.com (click to enlarge) Support 240002374523471Resistance 243302450024750Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

The British pound continues to have a quiet week. In the European session, GBP/USD is trading at 1.3530, down 0.30% on the day. UK economy contracts in MayThe UK wrapped up the week on a down note, as GDP contracted in May by 0.1% m/m. This followed a 0.3% decline in April and missed the consensus of 0.1%. The decline was driven by a 1% decline in manufacturing and a 0.6% contraction in construction, which cancelled out a 0.1% expansion in services. The GDP contractions in April and May point to a weak second quarter of growth, after an impressive 0.7% gain in the first quarter. The economic landscape remains uncertain and the Bank of England has projected weak growth of 1% for 2025. Governor Bailey has said that the rate path will be "gradually downwards" but hasn't hinted as to the timing of the next cut. 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. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Sei Crypto is ditching the training wheels and is shaping up be one of the standout altcoin plays of the bull market. In a surprise announcement, native USDC is on the way, and with it, Circle’s CCTP V2 unlocking near-instant transfers across 13 chains for SEI. This is a liquidity power move that puts SEI ▲18.37%in the running as a serious DeFi and payments contender. But that’s not all, here are three reasons why SEI crypto could be a standout play for 2025: (SEIUSDT) 1. $600M TVL and Counting: Sei’s Rapid DeFi Expansion Since early 2024, Sei’s Total Value Locked (TVL) has surged from just $13 million to over $624 million by July 2025. The network is attracting dApps, liquidity providers, and serious attention from DeFi developers. Moreover, SEI is trading 5x below its ATH yet by almost every metric it has imporved since then. We could be looking at a coin like Sui, or, hopefully, Ethereum, that smashes its previous ATH. After multiple retests, $0.28 has established itself as a solid floor for SEI. Price structure is coiling into a rounded base, with early signs of a textbook cup-and-handle. Final Thoughts: SEI Has Found Its Second Wind With macro tailwinds building and the Iran ceasefire cooling global tensions, risk-on assets are back in play and SEI is benefiting. Between booming user growth, regulatory wins, and major stablecoin integrations, Sei is shaping up to be core blockchain infrastructure with 2021 Ethereum or Solana of 2023. You heard it here first. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Sei Crypto is ditching the training wheels and is shaping up to be one of the standout altcoin plays of the bull market. With macro tailwinds building and the Iran ceasefire cooling global tensions, risk-on assets are back in play and SEI is benefiting. The post Sei Crypto is The New Solana: Integrates Native USDC and CCTP V2 to Accelerate Cross-Chain Liquidity appeared first on 99Bitcoins.

Retail might be last to this bull market but we’re seeing big money pointing up for BTC ▲4.05% in real time. Institutions, quant traders, and crypto-native markets are all starting to echo the same call: Bitcoin 2025 price to $150,000 and fast. In fact, Polymarket just rewired its forecast, giving BTC a 61% chance of touching $120K before the month closes. That’s a forecast that, until last week, was reserved for a far-off future. Here’s what you should know: (Polymarket) $180,000 Bitcoin is “Very Much in Play” Adding fuel to the fire, VanEck’s head of digital asset research, Matthew Sigel, laid out what he called the “perfect storm” forming for Bitcoin. According to Sigel, Bitcoin’s upside is being driven by: “Persistent U.S. debt and deficit problems” “A weakening dollar and demographic tailwinds” “Rate cut momentum and potential Fed leadership change” Sigel isn’t alone. 99Bitcoin’s analysts across the space see monetary easing, a growing appetite for decentralized assets, and global instability as creating the ideal backdrop for crypto to outperform. VanEck has publicly stated that $180,000 Bitcoin is “very much in play” in 2025. The key shift is that corporate treasuries are buying Bitcoin, not retail investors, as in 2021. Companies are quietly accumulating BTC, signaling deeper institutional conviction. Meanwhile, the U.S. House is preparing for “Crypto Week,” and stablecoin regulation is expected to be the first real shot at federal crypto legislation. Technical Setup Points to $150K If Bulls Hold the Line A textbook golden cross just landed for BTC with the 20-period SMA over the 200, and that’s no small signal. This is often a setup that often marks the start of larger macro shifts. After consolidating in a narrow zone, the move up to $116,000 was violent and volume-supported. (BTCUSD) Meanwhile, RSI pulled back from the edge of overbought. Watch for consolidation at these levels. According to Cointelegraph and 10x Research’s Markus Thielen, BTC now has a 60% probability of gaining another 20% over the next two months. That would push it past $135,000. Others, like Kyle Reidhead of Milk Road, see a move to $150,000 as the next logical target. The chart setup supports that theory. BTC recently cleared resistance at $110,530, setting up for a potential breakout to the inverse head-and-shoulders pattern target of $150,000. Polymarket Bets Big on July Rally Polymarket traders are betting big on the short term. Their forecast now sees a 61% chance of $120,000 BTC by end of July, suggesting retail traders are far from taking profits. That’s a major shift in sentiment from just weeks ago. Volume on Polymarket has jumped significantly, showing that participants are willing to put real capital behind this short-term bullish thesis. This could be a crazy summer y’all. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Institutions, quant traders, and crypto-native markets are all starting to echo the same call: Bitcoin 2025 price to $150,000 and fast. Polymarket traders are betting big on the short term. Their forecast now sees a 61% chance of $120,000 BTC by end of July All eyes are on Powell this month. As inflation lingers and labor metrics soften. The post Polymarket Gives Bitcoin 62% Odds of Hitting $120K by Month-End appeared first on 99Bitcoins.

A sweeping new research report by Ben Harvey and Will Clemente III, commissioned by market maker Keyrock, projects that Bitcoin could reach $160,000 by the end of 2025—but only if the capital structure supporting Bitcoin Treasury Companies (BTC-TCs) remains intact. The research, “BTC Treasuries Uncovered: Premiums, Leverage, and the Sustainability of Proxy Exposure,” dissects the capital structures, market impact, and debt profiles of the fast-growing cohort of “Bitcoin Treasury Companies” (BTC-TCs), led by Strategy (the renamed MicroStrategy). The Impact Of Bitcoin Treasury Firms Harvey and Clemente open with a startling figure: “Bitcoin Treasury Companies have accumulated around 725,000 BTC, equivalent to 3.64 percent of the entire BTC supply.” Much of that hoard sits with Strategy’s 597,000-coin trove, but the analysts track more than a dozen follow-on players—from Marathon Digital and Metaplanet to newer entrants such as Twenty One Capital—whose combined exposure now outstrips US spot-ETF holdings by more than half. Yet the report’s headline forecast is explicitly conditional. Keyrock’s bull case assigns a thirty-percent probability that global liquidity remains flush, institutional demand accelerates, and Bitcoin rallies fifty percent past today’s levels, “pushing BTC to over $160 k by EOY.” That outcome rests on the fragile flywheel of net-asset-value premiums: BTC-TC equities still trade, on average, at a seventy-three-percent premium to the dollar value of the coins they custody. Those premiums let boards issue new shares “accretively,” convert sentiment into fresh BTC, and—crucially—service the $33.7 billion in debt and preferred stock the sector has rung up to fund its buying binge. No company illustrates the reflexive loop better than Strategy. Since August 2020, Michael Saylor has driven Bitcoin-per-share (BPS) up eleven-fold, an annualized sixty-three-percent run rate that dwarfs the 6.7 percent CAGR needed to justify the firm’s current ninety-one-percent NAV premium. “If an investor believes that Strategy’s BPS growth rates will hold long-term,” the authors contend, “holding MSTR would be far more beneficial in BTC terms than holding spot BTC.” Still, that calculus assumes the equity premium stays afloat; if sentiment turns, dilution flips from accretive to punitive overnight. Debt maturities pose the next stress point. BTC-TCs owe a wall of convertible notes in 2027-28. Harvey and Clemente calculate that Strategy alone has issued $8.2 billion of the cohort’s $9.5 billion in debt; Marathon follows at $1.3 billion. Most instruments carry zero-to-low coupons and conversion prices well below current share levels, but a deep Bitcoin drawdown could drive equities under those strikes, forcing firms to repay in cash or refinance at far harsher terms. “Since many BTC-TC valuations are tightly correlated to Bitcoin price performance,” the authors warn, “a sharp BTC drawdown could drive down equity value, increasing the risk that conversion thresholds are breached.” The report splits the universe into cash-flow-generative names such as Metaplanet, CoinShares, and Boyaa Interactive—each with eight or more quarters of runway—and capital-dependent players like Marathon, Nakamoto, and DeFi Technologies, which could face dilution above three percent per quarter merely to stay solvent if premiums persist. Should those premiums compress, equity issuance “becomes purely dilutive,” and treasury companies could be forced to sell Bitcoin, undermining the proxy thesis that justifies their existence. The Base Case Keyrock’s base case, to which it assigns the highest probability, envisions Bitcoin finishing 2025 around $135,000, with NAV premiums cooling into a thirty-to-sixty-percent range. In that environment, well-managed treasuries still out-perform spot, but the leverage trade loses its shine. The bear scenario—assigned the lowest but non-trivial odds—combines a twenty-percent Bitcoin drawdown with a glut of new treasury listings that flood the market with supply. In that world, premiums vanish, refinancing windows slam shut, and “the entire investment case for BTC-TCs comes under pressure.” Harvey and Clemente do not dismiss the BTC-TC model; rather, they frame it as a high-beta overlay that amplifies both the upside and the solvency risk inherent in Bitcoin itself. They credit Saylor’s “Bitcoin yield” thesis—using premium-funded share issuance to compound coin holdings—as a demonstrably effective strategy to date, but caution that it relies on a delicate equilibrium of bullish sentiment, cheap capital, and meticulous execution. “The premium to NAV is of the utmost importance here,” the study concludes, “assuming a BTC-TC doesn’t have a core operating business that can cover debt payments, or is entirely free of debt payments altogether.” Whether Bitcoin can sprint to $160,000 by 31 December hinges less on hash-rate projections or macro modeling than on the continued faith of equity investors willing to pay a dollar-fifty for a dollar of embedded BTC. If those investors blink—if premiums fade or convertible maturities collide with a broad risk-off shift—the leverage that has propelled treasury companies to date could flip, turning “one of the best performing equities on the planet” into the market’s most crowded exit. For now, Keyrock’s research leaves readers with a simple countdown: hold the line, and the path to price discovery remains intact; lose it, and the proxy trade could unwind long before the New Year’s fireworks. At press time, BTC traded at $117,788.