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Solana (SOL) investors are witnessing rising volatility as a surge in whale activity signals deadly selling pressure in the market. Despite a strong rally above $250 earlier in September, market sentiment appears to be shifting, with whale deposits into centralized exchanges hinting at potential headwinds ahead. Most recently, a staggering 312,233 SOL tokens were deposited into Coinbase, fueling concerns that whales may be positioning for significant profit-taking. Solana Whale Deposits Signal Rising Selling Pressure Blockchain tracker Whale Alert reported one of the largest Solana transfers in recent weeks, with 312,233 SOL valued at approximately $75.1 million, moved from an unknown wallet to Coinbase Institutional on September 21. The size and timing of this large-scale transfer immediately raised concerns that whales could be positioned to sell. Before this transfer, Whale Alert had flagged another massive transaction of 227,928 SOL, worth around $54.5 million, being funneled into Coinbase on the same day. Together, these two deposits represent more than $129 million in Solana potentially at stake of being sold off. The implications of such moves are significant, as large holders typically send tokens to exchanges with the intention to sell, ultimately adding considerable downward pressure to the market. Notably, Solana’s price rally in September has been fueled by strong demand; however, these recent transfers raise the risk of oversupply, particularly as the token hovers around $224. If whales follow through with the selling, it could cap SOL’s bullish breakout attempt and force the price back to lower support zones. Interestingly, this is not the first time Solana has faced similar whale-driven headwinds this month. Just over a week ago, blockchain analytics platform Lookonchain reported multiple whale dumpings into various crypto exchanges. A wallet tagged “CMJiHu” deposited 96,996 SOL ($17.45 million) into Coinbase, while “5PjMxa” moved 91,890 SOL ($15.98 million) to Kraken. The same day, another wallet “HiN7sS” transferred 37,658 SOL ($6.73 million) to Binance, securing a profit of $1.63 million. These earlier transfers, combined with the latest inflows, show a pattern of whales steadily reducing their exposure as market sentiment shifts. SOL Momentum Weakens Under Heavy Selling Crypto analysts now view Solana as being at a pivotal crossroad, where strong fundamentals clash with mounting selling pressure and technical risks. Market expert Tom Tucker notes that SOL has climbed more than 150% in 2025, but its rally is showing signs of fatigue. The analyst’s chart reveals a rising wedge formation, often a precursor to a breakdown, combined with weakening momentum indicators. The Relative Strength Index (RSI) is narrowing into a triangle, suggesting indecision, while the MACD has flattened after months of strength. This setup, when paired with heavy whale deposits into exchanges and rising sell pressure, underscores the growing possibility of a short-term pullback. Yet, the outlook is not entirely bearish. Tucker points to optimism surrounding a potential Solana ETF, the upcoming Alpenglow upgrade, and steady treasury accumulation as fundamental drivers that could extend SOL’s long-term growth.

The Trump Administration is pressing the World Bank to resume financing oil and gas projects, reversing the institution’s 2019 policy to halt new fossil fuel investments. Officials told the Financial Times the push extends to other development banks, signalling a broader retreat from climate-focused lending since Donald Trump’s return to the White House. North American banks and asset managers have also begun pulling out of net-zero alliances, further underscoring the shift. The move prioritizes energy security, with an emphasis on upstream gas development, and targets financing for projects in developing countries. Critics warn this could undermine global efforts to curb rising emissions. While industrialized nations remain the largest historical polluters, emissions are climbing fastest in developing economies. Last year was the warmest on record. A 2020 report by German NGO Urgewald found the World Bank had channelled more than $12 billion into fossil fuel ventures since the Paris Agreement in 2015, including $10.5 billion in new loans, guarantees and equity. The bank formally ended financing for new upstream oil and gas projects in 2019, allowing only narrow exemptions for gas. In 2023, it pledged to allocate 45 per cent of annual financing to climate-related projects by 2025. Climate finance needs remain staggering. Economists estimate developing economies will require $1.3 trillion annually by 2035. Development banks are expected to play a pivotal role in mobilizing that capital. Earlier this month, the European Investment Bank reported climate finance from development banks had more than doubled in five years, reaching $85 billion in 2024.

The week starts on a grim note for cryptocurrencies when looking at the daily performance of most major altcoins. Crypto market overview, September 22, 2025 – Source: Finviz A lack of progress throughout the past few weeks still hasn't marked anything resembling a bear market, particularly with Solana dragging market sentiment upward the past week, attaining $250 highs. The price action and the general market cap has corrected to open the week but BNB, Binance's altcoin and one of the major cryptocurrency coin outstanding, has broken a new record over the weekend. Breaching the $1,000 cap on Saturday, BNB reached $1,087 highs on the same day before retracing slightly. Let's have a look at an intraday chart for this huge altcoin, and then taking a look at ETH and BTC to spot levels of interest for these major coins. Read More: Markets Today: Gold Surges Above $3700/oz, China Keep Rates on Hold and FTSE Holds at SupportMarkets Weekly Outlook - PMI and PCE in the Spotlight as US Dollar Remains Sensitive to US Labor DataGold (XAU/USD): Short-term bullish acceleration intact towards new all-time highs above US$3,660 key supportA look at the Crypto Total Market Cap Total Crypto Market Cap, September 22, 2025 – Source: TradingView Cryptos are still holding tightly above preceding all-time highs (from November 2021) which peaked at $3.73T at that time. Since, the new record reached $4.14T and consolidated at this time, with the current rally supported by more stable investor inflows and the creation of ETFs. Nonetheless, keep an eye on the Market Cap to check if this ongoing dynamic sees a switch. Binance Coin (BNB) 8H Chart BNB 8H Chart, September 22, 2025 – Source: TradingView BNB was progressing at a similar pace as other altcoins throughout this bull cycle but has seen considerable acceleration since August 2nd lows – Which also occurred on a Saturday. It might be important to denote this fact for future action! The top #5 altcoin is up 45% in a less than two months when looking at the low to high swings. Despite currently correcting, the crypto will now look to confirm its breakout above $1,000 as the pivot zone approaches and may serve as consolidation level. Levels of interest for BNB trading: Support Levels: $1,000 Pivot (+/- $15)Low of channel + breakout Support zone $880 to $900December 2024 Highs $794.3 support zone ($790 to $800)May 2021 highs to August 2nd lows zone ($704 to $730)Resistance Levels: Current ATH $1,087 and ATH resistance zoneATH resistance zone: $1,050 to $1,090$1,255 Fib-Induced potential resistanceEthereum 8H Chart ETH 8H Chart, September 22, 2025 – Source: TradingView Since reaching a new all-time high ($4,950) following Jerome Powell's August speech, Ethereum hasn't been able to create a significant rally. As mentioned in the introduction to this piece, the second-largest coin is still consolidating above $4,000 which is a positive sign for the long-run. However, last week's price action has formed a tight bear channel sequence, Despite the rebound at the December 2024 highs, a potential break-retest sign, bulls still have to show more to regain immediate momentum. Levels to place on your ETH Charts: Support Levels: $4,200 to $4,300 consolidation Zone (getting tested)$4,000 to $4,095 Main Long-run Pivot (most recent rebound)$3,500 Main Support ZoneResistance Levels: September 12th rebound high $4,690$4,950 Current new All-time highs$4,700 to $4,950 All-time high resistance zonePotential main resistance $5,230 Fibonacci extensionBitcoin 8H Chart BTC 8H Chart, September 22, 2025 – Source: TradingView Bitcoin's momentum has fallen sharply since last week's FOMC meeting. Still, the leading crypto is evolving within an upward channel which will need bulls to hold relaunch momentum higher to avoid a further bearish sequence settling. As a matter of fact, the lower trendline of the upward channel is about $2,000 lower (around $110,000). Currently hanging around the 50-period MA, it will be interesting to see who takes the immediate momentum – Selling is happening as we speak throughout the market, but Bitcoin is hanging tight. Levels to place on your BTC Charts: Support Levels: $110,000 to $112,000 previous ATH support zone$106,000 to $108,000 key support$100,000 main support at the psychological levelResistance Levels: Current all-time high $124,596Major resistance $122,000 to $124,500$115,000 to $117,000 key pivot$126,500 to $128,000 Fib-extension potential resistance (1.382% from April to May up-move)Safe Trades! 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.

Gold rose by nearly 1% to set another all-time high on Monday, as persistent political uncertainty and expectations of more US interest rate cuts continue to fuel demand for the metal. Spot gold surged to a record of $3,728.36 per ounce during the early hours of trading. By 10:30 a.m. ET, it traded at $3,718.77 an ounce for an intraday gain of 0.9%. Meanwhile, US gold futures were 1.3% higher at $3,755.20 per ounce in New York. With Monday’s move, gold has now risen by more than 41% in 2025. Central bank purchases and strong investment demand remain the key drivers of this rally, which could be traced back as far as 2022 when the Russia-Ukraine war broke out. Click on chart for live prices. Strong demand According to data from Metals Focus, net purchases by global central banks have exceeded 1,000 metric tons each year since 2022. The consultancy expects them to maintain this strong buying and add another 900 tons this year — twice the annual average of 457 tons in 2016-2021. Meanwhile, after a typical seasonal dip in UK gold buying, central bank demand has rebounded to 63 tonnes, matching the post-2022 average and adding to bullish sentiment, Societe Generale said in a note on Monday. Gold exchange-traded funds (ETFs) are also seeing continued inflows, with total holdings standing at 3,615.9 tons at the end of June, the largest since August 2022, the World Gold Council estimates. Their record was 3,915 tons five years ago. “There’s a continued flow of safe haven demand amid geopolitical matters that are still kind of wobbly, including the Russia-Ukraine war,” Jim Wyckoff, senior analyst at Kitco Metals, commented in a Reuters note. “Last week’s Fed interest rate cut and probably more Fed rate cuts coming by the end of the year are also supporting prices,” he added. Investors are closely watching a series of Fed speeches this week, including remarks from Chair Jerome Powell on Tuesday, for fresh signals on the central bank’s monetary policy path. The US core personal consumption expenditure price data, due this Friday, is also in focus. Silver keeps going Silver, seen as a much cheaper alternative to gold as a safe-haven investment, also remains strong. On Monday, prices rose to $43.81 per ounce for a new 14-year high. This takes its year-to-date gains to almost 50%, surpassing that of gold. “Silver may yet find fresh upside as investors cast their sights beyond record-high gold prices. With the gold-silver ratio currently around 86, still above its five-year average of 82, silver may yet have more room to catch up on its more illustrious precious metals cousin,” Han Tan, chief market analyst at Nemo.money, told Reuters. (With files from Reuters) Sponsored: Secure your wealth today — buy gold bullion directly through our trusted partner, Sprott Money.

First came Michael Saylor with MicroStrategy, launching a Bitcoin treasury. Soon, public firms explored Ethereum, and as of late September 2025, the first Solana treasury is now live in South Korea. Although the launch coincides with SOL USD falling, this development could provide the tailwinds to lift SOL USDT above $250. At press time, the Solana price is steady but hasn’t been spared the market-wide sell-off. Although the uptrend remains, there needs to be a conclusive close above September highs at around $250. If SOL bulls take charge, SOL USD could extend the gains from early July. According to Coingecko, the Solana price is up a decent +53% in the past year and +10% in the last month of trading. (Source: Coingecko) On Coinglass, Solana traders on leading perpetual exchanges are still bullish. For example, the long/short ratio on Binance is above 2.7, suggesting that most traders are bullish and expect SOL USD to shake off recent weaknesses. At the same time, there have been decent inflows on spot exchanges in the past few hours, pointing to possible accumulation at lower prices. (Source: Coinglass) First Solana Treasury is Live in South Korea: What Does it Mean for SOL? While there is accumulation, it remains to be seen whether Solana whales are buying the dip. However, earlier today, DeFi Development Corp. (DFDV), a public company trading on Nasdaq, partnered with Fragmetric Labs, a liquidity restaking platform on Solana, to launch the first Solana Digital Asset Treasury (DAT) in South Korea. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Solana Treasury Live in South Korea: SOL USD To $250? SOL USD under pressure, drops from $250 Fragmetric Labs and DFDV are partnering for the first Solana DAT in South Korea South Korea has an active crypto scene Will SOL USD surge above $300? The post First Solana Treasury is Live in South Korea: Will SOL USD Reclaim $250? appeared first on 99Bitcoins.

Market sentiment improves amid US–China trade talksUS major stock indices continue their rally. The S&P 500 rose by 0.49%, while the Nasdaq 100 added 0.72%, both setting fresh all-time highs. Market sentiment is improving on the back of ongoing discussions regarding trade agreements between the United States and China. Strong quarterly earnings from tech companies also provided additional support to the market. Experts note that if the current positive trend continues, the indices could reach new levels by the end of the month. [Read more] No alarming bubbles in the stock market Investors point out that, despite elevated asset valuations, there are no signs of "scary bubbles" for now. The S&P 500 remains resilient, even amid concerns about a potential re-pricing of Fed rate expectations. At the same time, growing interest in the tech sector is sustaining capital inflows. Analysts believe that the primary risk remains uncertainty around monetary policy. [Read more] $100,000 H-1B visa fee sparks panic in Silicon Valley A new $100,000 fee for H-1B visas has alarmed tech companies, as it threatens the position of foreign specialists in the US job market. This decision could slow the flow of talent into the high-tech sector. Business associations have already voiced concerns and are preparing to lobby for the cancellation of the initiative. Experts warn this could lead to a relocation of some IT projects outside the US. [Read more] Oracle in talks with Meta The two companies are reportedly discussing a deal worth around $20 billion in the field of AI-focused cloud computing. The news highlights the intensifying competition in the tech sector and Oracle's growing ambitions. If finalized, the deal would be the largest ever between the two firms in this area. Investors see the talks as a signal of the ongoing trend toward integrating AI into core business processes. [Read more] US stock market at a crossroads Investors are awaiting key economic data, including the PCE Price Index, which could significantly impact market direction. The Fed's future rate strategy will largely depend on these figures. Soft data could trigger another leg up in the rally, while stronger inflation numbers could spark volatility and a possible correction. [Read more] Reminder: InstaForex offers some of the best trading conditions for stocks, indices, and derivatives — helping traders profit from market swings effectively. The material has been provided by InstaForex Company - www.instaforex.com

The crypto market kicked off the week with one of its sharpest downturns of 2025, erasing more than $151 billion in market value within a single day. According to data from CoinGlass, over $1.7 billion in leveraged positions were liquidated in just 24 hours, leaving more than 402,000 traders in the red. Ethereum (ETH) bore the heaviest losses, with nearly $500 million in liquidations, while Bitcoin (BTC) saw about $284 million wiped out. Altcoins such as XRP, Solana, Dogecoin, and Hyperliquid (HYPE) tumbled between 7–12%, erasing recent gains and signaling an abrupt end to the latest altcoins rally. The cascade began with BTC dipping below $113,000, triggering margin calls and automated sell-offs. Within just 30 minutes, liquidations had surged past $1 billion, underscoring the fragility of highly leveraged trading environments. Bitcoin Dominance Rises as Altcoins’ Value Drops The sell-off also brought a sharp reversal in market sentiment. The Altcoin Season Index, which peaked at 100 points just days ago, has now dropped to 64, suggesting traders are shifting back toward Bitcoin. BTC dominance has climbed to 57%, while ETH dominance slipped to 13%. Historically, altcoin seasons last only a few weeks before liquidity rotates back into Bitcoin. Analysts warn that the latest liquidation cascade may have ended this cycle earlier than expected. Smaller tokens, including ASTER, WLFI, and PUMP, which recently saw speculative surges, were among the hardest hit, with more than $263 million in altcoins longs liquidated. Healthy Shakeout or Bearish Warning? Despite the steep losses, many analysts argue the pullback reflects a healthy reset rather than the end of the bull cycle. Overleveraged traders were washed out, creating stronger support levels for long-term holders. Institutional demand remains intact, with Bitcoin and Ethereum ETFs recording steady inflows last week, suggesting that large investors continue to buy the dip. On-chain data also shows 420,000 ETH leaving exchanges, pointing toward accumulation despite short-term volatility. For now, the market’s next move hinges on whether Ethereum can hold above $4,100 and Bitcoin stabilizes near the $112,000–$114,000 zone. Despite skepticism from traders, analysts predict a correction as laying the groundwork for the next upward move in the ongoing bull market. Cover image from ChatGPT, ETHUSD chart from Tradingview

A newly ratified treaty to safeguard life at sea is expected to intensify opposition to deep-sea mining at a United Nations climate summit this week in New York, United States, running alongside the leaders’ general assembly. The High Seas Treaty, officially known as the Biodiversity Beyond National Jurisdiction (BBNJ) agreement, will enter into force in January next year. This was made possible after Morocco became the 60th nation to ratify it on Friday, crossing the threshold required for UN treaties. Two decades in the making, the pact allows the creation of vast conservation zones in international waters, with the goal of protecting 30% of the ocean and halting biodiversity loss by 2030. Although the treaty does not mention mining directly, it requires governments to co-operate with agencies such as the Jamaica-based International Seabed Authority (ISA), which has yet to approve commercial mining in international waters. Environmentalists welcomed the breakthrough. “This is a conservation opportunity that happens once in a generation, if that,” Lisa Speer, director of the International Oceans Program at the Natural Resources Defense Council, said in a statement. WWF International director general Kirsten Schuijt called it a “turning point for two-thirds of the world’s ocean that lie beyond national jurisdiction.” Not a barrier Despite optimism, countries are pushing ahead with plans to extract minerals from the ocean floor. Hours after the treaty crossed the ratification threshold, India signed a 15-year contract with the ISA granting it exclusive rights to explore polymetallic sulphides in the Indian Ocean. New Delhi now holds the largest ISA-assigned exploration zone for these deposits and has conducted deep-sea trials in the region. India is also seeking exploration licences for nickel, manganese and copper in the Pacific. France is the only G7 nation to have ratified the High Sees treaty so far, but more are expected to do so at this week’s UN climate summit in New York. The US signed the treaty under the Biden administration, but President Trump has not ratified it and it is unclear whether he will. Washington has moved to allocate mining licences to private companies, bypassing the UN-backed regulator. The Trump administration views seabed mining as a strategy to secure critical minerals and cut reliance on foreign supply chains. A White House official said the industry could generate 100,000 jobs and add hundreds of billions to the US economy over the next decade. Companies are moving quickly. California-based Impossible Metals has applied for exploration rights both under US law and through the ISA, targeting the Clarion-Clipperton Zone (CCZ) in the Pacific, which holds nodules rich in copper, nickel, manganese and other metals vital for electric vehicles. Canada’s The Metals Company (TMC) filed for a commercial permit in April and secured an $85.2-million investment from South Korea’s Korea Zinc in June.The deal positioned Korea Zinc as a non-Chinese alternative capable of refining TMC’s extracted materials into battery-grade metals. Scramble beneath Beyond the US, nations including the Cook Islands, Japan and Norway are advancing seabed mining within their territorial waters, citing a looming supply crunch. The International Energy Agency (IEA) projects demand for copper and rare earth elements will jump 40% by 2040, while lithium, cobalt and nickel could rise by as much as 90%. Industry advocates argue that seabed extraction has a smaller environmental footprint than land-based mining. Opponents counter that the deep ocean remains poorly understood, and disrupting fragile ecosystems could unleash cascading effects on marine life.

Bitcoin’s listless tape in the face of roaring macro risk is less a contradiction than a timing problem, argues this week’s edition of The Weekly Insight (Week 160, Sept. 20, 2025). Writing under the banner “Why’s BTC Lagging?”, contributor @CryptoinsightUK sets a decisively constructive medium-term tone—“I want to start this week by saying I am bullish, and I will continue to be bullish until I believe we are close to a top”—while acknowledging that the market feels late-cycle and emotionally frayed. “With that said, I do think we are closer to a top than a low here,” he adds, but the author still believes “we are approaching the most euphoric stage of this bull cycle.” Why Is Bitcoin Lagging? The piece pins much of today’s malaise on sentiment reflexivity. Crypto-Twitter’s grinding negativity is described as a view-generating feedback loop that makes the market feel heavier than it is. “That lag can feel frustrating,” the author writes, noting that the Fear & Greed Index has not displayed the clustered “extreme greed” readings that characterized the 2021 double-top. Aside from a burst of exuberance around late-2024/early-2025—“which coincided with XRP’s rally from around 50 cents to $2.70, eventually topping out at about $3.30 to $3.40”—the index has hovered in the mid-range, far from the blow-off conditions that typically mark cycle peaks. The implication is straightforward: despite the noise, the market has yet to show the classic euphoria clusters that precede tops. Macro correlations, often invoked to explain Bitcoin’s leadership or underperformance, are used here to argue for lag rather than breakdown. On M2 money supply, the author reiterates a well-tracked three-month linkage: “Bitcoin and the M2 money supply have correlated closely so far, but in the last two to three months M2 has absolutely ripped higher.” From here, readers can “either argue that the correlation has broken down, or that Bitcoin is simply lagging and has yet to catch up.” A similar read extends to gold. Directional leadership has alternated between the two assets, but with bullion pressing higher, a catch-up in BTC would “imply a move towards at least $135,000, compared to the current level of around $115,000.” Equities tell the same story in another register: the Nasdaq, Dow Jones, S&P, and Russell 2000 are at or near fresh all-time highs while Bitcoin has “mostly chopped sideways,” again “looking as though it may be lagging behind.” Market microstructure adds a decisive layer. The letter emphasizes the interaction between visible liquidity pockets and consolidation dynamics. “Every single time there has been a significant liquidity build up, Bitcoin has eventually run through it.” As price has stepped higher, resting liquidity has thickened—“red indicates the deepest liquidity, orange the next, and green the lightest”—and breakouts have been most forceful once those deep pockets were taken. The example given is the “run from $70k to $100k,” where “heavy consolidation was followed by an explosive breakout.” By that logic, the current map “is pointing to a move toward $140k or higher,” which also dovetails with the gold-parity argument. The author’s metaphor is telling: “I often explain price action like stored energy. The longer it consolidates and charges, the bigger the eventual release.” What Role Do Altcoins Play? The most forceful claim in the issue is not about Bitcoin at all but about altcoins. Both Total2 (crypto ex-BTC) and Total3 (crypto ex-BTC and ETH) are said to have “closed a daily candle into price discovery.” Total2 “closed a weekly all time high and is now extremely close to closing a second consecutive weekly high,” while Total3 sits “right on the edge of breaking into new all-time highs.” Structurally, the report frames Total2 as completing a Wyckoff accumulation and cup-and-handle, and Total3 as carving an ascending triangle poised for continuation. The combination—alts pressing price discovery while Bitcoin “is preparing to push to new highs”—is the setup the author associates with “mania or euphoria.” It is also the basis for a clear positioning disclosure: “it is exactly why I am fully positioned in altcoins here.” That rotation view is bolstered by a call on Bitcoin dominance. The author reiterates a long-held target: “I think we are heading down to at least the 35.5 percent level, and potentially even into the low 20s.” The historical analogs are unambiguous: from the 2017 highs, dominance “dropped by 62 percent,” and from the 2021 highs it “dropped by 46 percent,” each time accompanied by an acceleration in the monthly decline. If a similar acceleration coincides with BTC “ripping to new all time highs,” the result would be “a face melting altcoin rally that most people cannot even imagine right now.” The letter links this purely market-internal setup with external catalysts, citing “major legislative shifts in the largest financial economy in the world” and “the potential influx of trillions of dollars through stablecoins and the Clarity Act, which could be passed as soon as November.” Where Is Bitcoin Price Heading Next? The issue closes with a complementary technical brief by @thecryptomann1 that brings the near-term risk map into focus. For BTC spot, “decision time… is fast approaching,” with the zone between $111,000 and $115,000 flagged as “huge.” Lose it, and “the liquidity around the $105K range feels inevitable.” Exchange-side order-book heatmaps show “a chunk of liquidity sitting here across all exchanges,” suggesting elevated volatility if tested. The analyst doesn’t force a directional call—“I’m unsure which way the market swings”—and labels aggressive speculation “dangerous” in the current chop. A second lens comes via USDT dominance (USDT.D), which the analyst inverts to track risk appetite. The metric has been “stuck in [a] range for the past 15 months or so,” but structurally “looks like a chart that’s on its way to revisit its highs (which, in reality, are the lows).” The stated target remains 3.76%. The logic is deliberately simple—range structure, a hold of the 0.5 retracement, persistence in trend, and defense of a key “blue box” support—each pointing “to strength,” i.e., room for risk to keep advancing before stablecoin dominance rises again. That underpins a tactical approach: “The way I’m playing it is swinging long until USDT.D hits 3.76%, then de-risking. That’s not financial advice, just the way I’m approaching it.” The short-term “max pain” path is sketched with characteristic market irony. One plausible sequence is “$BTC pushing up to $120,000, everyone panicking and going long, fueling the liquidity below us, and then sweeping the lows.” The analyst cautions that a straight drop to the “low $100,000 range” feels “too obvious,” but concedes that both upside and downside liquidity are attractors in a compressed-volatility environment. The mood music for traders is summed, wryly, in a single line: “it’s getting squeaky bum time.” At press time, BTC traded at $112,712.

FTX’s bankruptcy estate will begin its third wave of repayments on September 30, sending out $1.6 Bn and lifting total recoveries above $8Bn. Nearly three years have passed since the exchange collapsed, taking $8Bn in client assets. The payouts mark a step forward in unwinding Sam Bankman-Fried’s mess. But creditors remain divided over whether it’s enough. Moreover, could this trigger further sell-offs in the crypto markets? “It’s progress, but it doesn’t fully capture the opportunity cost,” one creditor wrote in online forums. How Much Are FTX Creditors Getting Back? Will This Cause a Crypto Dump? solanaPriceMarket CapSOL$130.45B24h7d1y As of this week, FTX payouts vary widely by jurisdiction and class: U.S. customers are set to recover 95% of their entitlements after this round. International users on the “dotcom” exchange will reach 78% recovery. Some government-related claims could see up to 120% restitution under premium settlement terms. Distributions will flow through partners like Kraken, BitGo, and Payoneer, typically within three business days of the launch. The August 15 cutoff has passed, so late filers must wait until the next cycle. A flood of repayments this size could spark a broader sell-off if markets stay under pressure. The real takeaway is simple: traders should be bracing for the impact of FTX distributions. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What Does the FTX Data Reveal About the Recovery? According to court filings in Delaware, the disputed claims reserve was trimmed from $6.5 Bn to $4.3 Bn, unlocking $1.9 Bn in liquidity for immediate distribution. (Source: TradingView) DeFi Llama data puts the FTX Recovery Trust’s assets near $16.5 Bn, with administrators expecting to pay all claims by late 2026. By bankruptcy standards, that would count as one of the strongest recoveries the crypto sector has seen. DISCOVER: 20+ Next Crypto to Explode in 2025 Is This a Win for Justice? Creditors say repayments based on 2022 prices leave them shortchanged, with Bitcoin more than 200% higher today, per CoinGecko. Demands for inflation adjustments or crypto-denominated payouts have grown in recent years, but the trust continues to prioritize speed and certainty. The final chapter may not close until 2026, but with billions already flowing, the odds of creditors walking away whole look better than anyone predicted in 2022. EXPLORE: New Crypto Bill: Coinbase CEO Brian Armstrong Heads to Washington DC Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways FTX’s bankruptcy estate will begin its third wave of repayments on September 30, sending out $1.6 Bn and lifting total recoveries above $8 Bn Creditors say repayments based on 2022 prices leave them shortchanged, with Bitcoin more than 200% higher today. The post Will FTX Payout Dump Altcoin Markets This Week? appeared first on 99Bitcoins.

Eight years ago, Donald Trump was laughed at inside the General Assembly hall. Now a new Trump UN speech set for Tuesday might upheave everything in crypto and politics. His first speech as president drew smirks and derision from diplomats who dismissed him as a loud outsider unfit for the global stage. Today, in his second term, Trump is returning not as an outlier but as the embodiment of a post-multilateral world order. Leading up to the event, the total crypto market has crashed 3.4%. “The things he said then that seemed outlandish are now things he can do and has done,” said Michael Doyle, professor of international relations at Columbia University. The line drew cheers and underscored a hard-edged political style that has outgrown the guardrails of traditional diplomacy. Trump folded tariffs, political violence, and national loyalty into what was supposed to be a eulogy. MAGA, of course, loved it. We’ll see how things play out by week’s end. 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 Trump was once laughed at inside the UN hall. Now a new Trump UN speech set for Tuesday might upheave everything in crypto and politics. New Trumpism was on display during the memorial service for conservative activist Charlie Kirk. Trump praised Kirk as “a giant of his generation” The post Black Swan Alert: What To Expect From Trump UN Speech? appeared first on 99Bitcoins.

Despite an aggressive intraday drop in the cryptocurrency market — likely aimed at flushing out speculators and weaker hands in preparation for the next leg of the bull run — Bitcoin managed to stay above the $112,000 level. And with continued inflows into crypto investment products, there's reason to remain calm. In fact, when looking at the fundamental factors supporting the crypto industry, the outlook remains largely positive. Institutional interest is holding strong, and more corporations are adding digital assets to their balance sheets. Regulatory developments are ongoing, fostering innovation and expanding the practical use of cryptocurrencies. The regulatory environment is gradually becoming clearer, reducing uncertainty and improving the investment climate. According to CoinShares, inflows into crypto products totaled $1.9 billion last week, following a $3.3 billion inflow the week before. Strategy is expected to report new BTC purchases later today. Meanwhile, Asia's own "MicroStrategy," the company Metaplanet, has already announced the acquisition of another 5,419 BTC — the largest single purchase in its history. This brings its total holdings to 25,555 BTC. Such large-scale corporate investments reflect growing long-term confidence in Bitcoin as a reliable asset and store of value. Major players like Metaplanet are showing that Bitcoin is moving beyond its speculative roots and is increasingly seen as a legitimate component of institutional portfolios. Moreover, the actions of these companies could encourage other corporations to reassess their investment strategies and consider adding BTC to their balance sheets. This could spark a domino effect, driving further demand and fueling continued price growth. Trading recommendations Bitcoin (BTC/USD) Buyers are currently targeting a return to $113,200, which would open a direct path toward $114,400 — and from there, it's a short jump to $116,000. The final target for this bullish leg is the $117,800 area; a breakout above this level would confirm the strengthening of the bull market. If Bitcoin falls, buyers are expected to step in around $111,900. A drop below this level could quickly drag BTC down to the $110,000 zone, with the next support at $108,200. Ethereum (ETH/USD) A solid consolidation above $4,202 paves the way for a move toward $4,272. The final target is $4,397; a breakout here would signal increased buyer interest and confirm bullish momentum. If Ethereum declines, buyers will likely step in around $4,120. A fall below this zone could quickly send ETH toward $4,018, with deeper support at $3,922. What's on the chart The red lines represent support and resistance levels, where price is expected to either pause or react sharply. The green line shows the 50-day moving average. The blue line is the 100-day moving average. The lime line is the 200-day moving average. Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market. The material has been provided by InstaForex Company - www.instaforex.com

Ethereum has seen it all, from the ICO boom of 2017 to the NFT and DeFi explosion of 2021. Yet, in every cycle, there is a constant: fees. Ethereum is not as scalable as Solana or Base, for example, and users are susceptible to changes in gas fees. While fee changes can be used to gauge trader sentiment, which influences Ethereum price prediction models, the drivers of these fee changes ought to be organic and sustainable. In a blog post on September 21, Vitalik Buterin, the co-founder of Ethereum, delivered a sobering message to crypto investors and degens chasing the next god candle. He thinks that for Ethereum to survive, the chain should not hinge on the fleeting frenzy of meme coins. It is an indirect dig at competitors, especially Solana, whose bloodline is directly fed by meme coin activity. As of September 22, Coingecko data shows that Solana meme coins are now worth over $10.5Bn. (Source: Coingecko) While Buterin is skeptical of meme coins, some of the top meme coins have their origins on Ethereum, with some going on to funnel millions of dollars to help scale the mainnet. Shiba Inu, for example, has a Shibarium Layer-2 for Ethereum, and SHIB USD is still one of the most valuable Ethereum meme coins. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Vitalik Buterin: Ethereum Can’t Rely on Meme Coins for Growth Meme coins are not necessarily bad for crypto. If anything, there is an argument that they are the only option for retailers to ride the crypto boom now that, for example, top-tier DeFi projects have been captured by venture capitalists. One analyst in particular projects the total meme coin market to command over $1T by the end of the decade. Yet, Buterin thinks the overreliance on speculative fads like meme coins, or even NFTs, and high-risk DeFi schemes promising massive yields is dangerous for Ethereum as a network. The Ethereum co-founder thinks the meme coin booms or the explosion of high-risk DeFi protocols are “temporary” and “recursive forces” running on hype. He adds that, on these dapps, most incentive chasers see ETH as valuable “because people use the Ethereum mainnet to buy and sell and leverage-trade ETH.” Buterin notes that “it’s just not possible to say with a straight face you are excited about the ecosystem because it’s positively changing the world, if its single largest application is political memecoins.” To illustrate the danger, he points to the 2021 Bored Ape Yacht Club (BAYC) land sale that, though a success raking in millions in gas fees, was poorly designed, leading to the squandering of $180M in gas inefficiencies. The BAYC story, in Buterin’s view, highlights how speculative mania breeds waste, not the much-needed innovation Ethereum needs to move forward. While NFTs faded, the rise of meme coins presents new challenges to Ethereum and investors. The boom of viral meme coins on the Ethereum mainnet can lead to gas spikes. Meanwhile, investors can be scammed or rug-pulled. Over the years, hundreds of millions of dollars, if not billions, have been stolen from retail investors. Instead, Buterin thinks if developers must build the right things, steering away from “political meme coins”, the first smart contract will find its Google “search moment.” Low-risk DeFi protocols, though boring, could help attract trillions into Ethereum while consistently generating steady fees for node operators. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Ethereum Price Prediction: Will ETH USD Break $5,000 if There’s a Pivot? In preparation for global adoption, Ethereum has been scaling. The Dencun upgrade from early 2024 slashed Layer-2 transaction costs, making it dirt cheap to trade on popular Layer-2s, including Base and Arbitrum. Presently, all Ethereum Layer-2s manage over $55 billion worth of assets. (Source: L2Beat) Moreover, the improving regulatory environment in the United States could explain the stablecoin boom on Ethereum and other chains. The GENIUS Act’s enactment makes it clear for stablecoin issuers what they should comply with before rolling out their tokens. As of September 22, the total stablecoin market stands at over $297Bn. Algorithmic stablecoins on Ethereum like USDS are also finding the much-needed traction. (Source: Coingecko) If Ethereum pivots away and finds a sustainable revenue path where the network generates a bulk of its fees from low-risk DeFi protocols the co-founder endorses, ETH ▼-6.34% could extend gains. ethereumPriceMarket CapETH$503.56B24h7d1y At press time, ETH USD is fragile after losing $4,200. Buyers must step in to contain losses of earlier today, validating the uptrend set in motion from early July. A close above $4,800 will open up Ethereum to $5,000 in the coming sessions. On X, one analyst thinks the ETH USD uptrend remains. He notes that the second most valuable coin is within a bullish breakout, clear in the weekly chart. If Ethereum stays above $4,000, ETH USDT could easily climb to $12,000. DISCOVER: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year Vitalik Buterin On Meme Coins: Ethereum Price Prediction Vitalik Buterin skeptical about meme coins and high-risk DeFi protocols Meme coins to break $1T by 2030? Ethereum co-founder pushing for innovation Ethereum price prediction: ETH USD to break $5,000? The post Vitalik Says Ethereum Can’t Rely on Meme Coin Money: Ethereum Price Prediction for October 2025 appeared first on 99Bitcoins.

Did Arthur Hayes just cash out on his own 126x prediction for Hyperliquid? The BitMEX co-founder sold his entire stash of HYPE tokens, reportedly to fund a Ferrari Testarossa. Barely a month after telling a Tokyo audience the token could climb 126x, Arthur Hayes cashed out part of his HYPE stash. “Need to pay my deposit on the new Rari 849 Testarossa,” he posted on Sept. 21. Then, it’s over. I loved Hyperliquid and their values but what can a man do when their biggest advocate has abandoned them or against CZ Binance is promoting the Aster project? CZ literally destroyed the FTX wonder boys. Even his copypaste chain is unbeatable. Blockchain data from Lookonchain shows he cleared $823,000, a 19.2% gain on 96,628 tokens. The sports car’s sticker price, up to $590,000, matched the move’s theatrics. Can Hyperliquid Hold Up Without Arthur Hayes, Its Biggest Promoter? HYPE powers the Hyperliquid decentralized derivatives exchange, which has exploded in activity. The token traded at $49.48 after Hayes’ exit, down 8% on the day but still up 660% since launching at $6.51 last November. According to DeFi Llama, Hyperliquid’s trading volume spiked from $560 Mn in early August to a record $3.4 Bn by Aug. 24. (Source: DefiLlama) At WebX 2025, Hayes had argued: “Fiat debasement will drive stablecoin expansion and push Hyperliquid’s annualized fees as high as $255 Bn.” DISCOVER: 20+ Next Crypto to Explode in 2025 Is This Another Hayes Head Fake? Crypto Investors Call Him BullSh*t Artist Hayes has a track record of mixing bold forecasts with sudden mercurial pivots. As the old crypto saying goes: “Never believe what people say in crypto, only what their actions show on chain.” Recently, he declared that crypto was about to enter “up only” mode after the U.S. Treasury topped its $850Bn account target. “With this liquidity drain complete, up only can resume,” Hayes wrote. (Source: X) He also predicts Bitcoin will hit $250,000 by end of 2025, though he admits accuracy isn’t his concern. “It doesn’t really matter at the end of the day,” he told Cointelegraph Magazine. Despite Hayes’ Ferrari stunt, CoinGecko data shows daily HYPE trading volume remains resilient. Liquidity on Hyperliquid has not fled, suggesting users are sticking with the platform. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Bet Against Hayes, or With Him? Hayes’ sale may look like a top signal, but the exchange’s fundamentals tell a different story. Hyperliquid is still scaling fast, and HYPE is more than a one-man show. The bigger question will be if the Q4 crypto cycle actually delivers the “up only” world Hayes promised, or did he just cash in before the music stops? EXPLORE: New Crypto Bill: Coinbase CEO Brian Armstrong Heads to Washington DC Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Did Arthur Hayes just cash out on his own 126x prediction for Hyperliquid? The BitMEX co-founder sold his entire stash of HYPE tokens The bigger question will be if the Q4 crypto cycle actually delivers the “up only” world Hayes promised. The post Arthur Hayes Dumps Hyperliquid for a Ferrari: Should Traders Care? appeared first on 99Bitcoins.

XRP’s growing momentum has not only intensified price speculations but has also placed it in direct comparison with Bitcoin in one surprising metric, especially in the South Korean market. Data shows that XRP is now challenging Bitcoin’s dominance in the South Korean crypto world, as evidenced by the reserves of Upbit, the biggest crypto exchange in the country in terms of trading volume and market share. Upbit’s Unusual XRP Reserve Levels On-chain data shows how XRP is beginning to challenge Bitcoin’s long-standing dominance in South Korea, where trading activity is among the most vibrant globally. As the leading cryptocurrency, most exchanges across the world hold Bitcoin as the dominant reserve asset, with BTC traditionally accounting for the largest share of exchange portfolios. This has been the case because exchange reserves are shaped by customer demand, and Bitcoin has been the preferred asset for traders. However, it would seem the Korean market is bucking the trend, and investors are getting more inclined to XRP. According to on-chain data from CryptoQuant, which was first posted on the social media platform X by an analytics account called CryptoOnchain’s, XRP is challenging Bitcoin’s dominance on Upbit, which is the biggest crypto exchange in South Korea. This trend began in December 2024, when Upbit started significantly increasing its XRP reserves. At the time of writing, the amount of XRP held by the exchange is now at levels that rival its Bitcoin holdings. As shown in the chart below, XRP’s USD value in Upbit’s reserves has risen steeply alongside Bitcoin’s since the beginning of the year, with XRP even breaking above $20 billion briefly before retracing. As of now, the value of XRP reserves on Upbit is around $18 billion, only slightly below Bitcoin’s $20 billion on the platform. For comparison, Ethereum’s holdings on Upbit are just a little above $5 billion. This shows how XRP has carved out a position much closer to Bitcoin than any other major cryptocurrency on the exchange. Implications For The Altcoin’s Future Demand Monitoring these reserve trends at Upbit could serve as an important indicator for XRP’s trajectory in the months ahead. Given Upbit’s large influence in Asia, its portfolio balance has implications beyond its own platform, and it could shape XRP’s demand and price action within the continent. Trading data has shown periods of exceptionally high XRP trading volume and activity on Upbit in the past. If the altcoin continues to maintain parity with Bitcoin in Upbit’s reserves, it would signal a deep structural preference for the token in one of the world’s most active trading hubs, and this would, in turn, add weight to bullish arguments of a sustained upward price momentum. At the time of writing, XRP is trading at $2.81, down by 6.5% in the past 24 hours.

Canadian pension fund La Caisse is acquiring Australian renewables developer Edify Energy for C$1.1 billion ($725 million), securing a foothold in a market it has long sought to enter. La Caisse, which manages nearly C$500 billion ($550 billion) in net assets, will commit about C$1 billion in equity. Roughly one-third will go toward the acquisition, with the rest funding two integrated solar-and-battery projects. The deal marks La Caisse’s first investment in Australian renewables after years of searching for an entry point, including an unsuccessful bid for Tilt Renewables in 2021. “We don’t have renewables in Australia, which is something I was trying to fix because I think it’s a great market … we want to be part of that,” Emmanuel Jaclot, executive vice president and head of infrastructure and sustainability at La Caisse, said. “We’re hoping we can turbocharge the development of Edify.” The two Edify projects will deliver 900 megawatts of generation capacity and 3,600 megawatt-hours of storage, and the funding will also support the renewables developer’s pipeline of more than 11 gigawatts, La Caisse said. Rio Tinto (ASX: RIO) and the Australian government have already signed offtake agreements for the projects, according to La Caisse. The acquisition gives the Montreal-based fund exposure to Australia’s fast-growing clean energy sector. The federal government aims to cut emissions by 62% to 70% from 2005 levels by 2035, a target that will require massive investment in renewable generation.

Amid Wall Street’s heightened expectations for future rate cuts, Federal Reserve Chair Jerome Powell will be speaking on Tuesday, 22 September 2025. Hence, the crypto market is bracing for volatility and has every reason to. Apart from Powell’s speech, a string of high-impact US economic data drops throughout the week. On Wednesday, 23 September 2025, home sales figures will be released. On Thursday, 24 September 2025, we’ll see existing home sales data shine a light on the strength of America’s housing market, along with the latest durable goods orders report. The health of both reports has influenced investment flows into digital assets in the past. But Thursday will be the real inflection point – with the revised Q2 GDP print set to reveal if the US economy is truly out of the woods or facing more ‘stagflation’ headwinds. On Friday, August’s Core PCE Index will drop. It is known as Fed’s preferred inflation gauge. 24 September 2025 will also see the preliminary Michigan Consumer Sentiment Index drop. Will this be the ‘make-or-break’ week for Bitcoin, Ethereum and other VDAs? EXPLORE: Best New Cryptocurrencies to Invest in 2025 Powell’s Speech & Crypto Market Sentiment Tomorrow, observers will dissect Powell’s comments for clues about upcoming October and December rate meetings. Moreover, it’s true that the global crypto market is bracing for a volatile week. After hovering above the $4.1 trillion mark for most of the weekend, digital assets took a sharp turn today, as over $75 billion evaporated in a few hours’ time. Twitterati is wondering if volatility is the risk or is there is opportunity hiding in it? X user ‘Crypto Ex-Insider’ says, “Powell speeches often move markets more than the data itself. One word shift in tone can reprice trillions.” Meanwhile, BTC has fallen to $112,749 – its lowest levels in the last ten days. According to an analysis shared by trader Merlijn, Bitcoin’s long-term chart once again echoes its historical cycle patterns. bitcoinPriceMarket CapBTC$2.25T24h7d1y DISCOVER: Best Meme Coin ICOs to Invest in Today Bitcoin Hits 10-Day Lows. But There’s More! According to the analysis, every major bull run since 2017 has included a mid-cycle “trap” a sharp correction that forces weaker hands out before the market resumes its rise. In 2017, Bitcoin rose rapidly, and then it experienced a sharp decline that shook confidence, only to climb to historic levels a few months later. The same pattern repeated in 2021, with prices freezing around $60,000 and then surging up. The present chart of Merlijn also indicates 2025 to be another instance of this pattern. Read More: Will TradFi Kill BTC USD Volatility? Lessons From Forex? Key Takeaways Macro factors—traditionally the purview of Wall Street and central banks—now directly shape digital asset valuations, trading patterns, and investor psychology. “Monetary policy is entering a new era,” noted The Kobeissi Letter, referencing the historic interplay between interest rate cuts, stagflation, and the growing wealth gap. The post Major Events That Could Flip Crypto Sentiment This Week: Powell’s Speech Tomorrow Keeps Everyone On Edge appeared first on 99Bitcoins.

One step forward, two steps back. Bitcoin has tumbled from monthly highs as markets reassess the scope of potential Federal Reserve rate cuts and question whether demand for crypto remains strong enough. Even news of the SEC approving an ETF based on a basket of digital assets — rather than a single cryptocurrency — failed to support BTC. While US authorities are showing more openness toward the crypto industry than in the past, BTC/USD is increasingly behaving like an overbought asset. The futures market now expects the federal funds rate to fall from its current 4.25% to below 3%. However, the latest FOMC projections show a terminal rate of 3.4%. Investors had become overly complacent, betting on aggressive monetary easing from the Fed. The realization that the central bank may, in fact, act more cautiously has pushed the US dollar higher against major currencies — and sent both Bitcoin and Ethereum into retreat. BTC and ETH sell-off dynamics Bitcoin and Ethereum continue to dominate the crypto market, accounting for roughly 70% of total market capitalization. BTC/USD is increasingly seen as a portfolio diversification tool due to a drop in volatility — from 200% a decade ago to under 40% now — while ETH/USD remains largely a speculative asset. According to Coinglass, $1.5 billion worth of bullish positions in digital assets were liquidated at the start of the final full week of autumn. Alongside the repricing of interest rate expectations, doubts about crypto demand have further strengthened the bearish case for BTC/USD. Recently, crypto treasuries — firms that raise capital through stock or bond issuance and invest in digital assets — have gained immense popularity. Over 100 such companies have accumulated around $116 billion worth of Bitcoin. Their Ethereum-focused peers have raised $16 billion in 2025 alone. However, Nasdaq's new requirement that security issuances be approved by shareholders has raised market concerns. Will these firms be able to continue buying Bitcoin, Ethereum, and similar assets as aggressively as before? If not, a slowdown in demand could justify further BTC/USD selling. Digital assets are also suffering from a breakdown in correlation with US stock indices. While American stocks are rallying thanks to AI-driven optimism, cryptocurrencies lack a comparable catalyst. Instead, they're forced to respond to shifting expectations for Fed policy and the strengthening US dollar. Technical picture: BTC/USD On the daily chart, BTC/USD has broken through dynamic support levels — namely the moving averages — from above, signaling a return of bearish momentum. This opens the door for potential declines toward 111,000, 106,000, and 103,000. The key resistance level lies at 113,500. As long as Bitcoin remains below this mark, the focus stays on short positions. The material has been provided by InstaForex Company - www.instaforex.com

No matter how many warning signs emerge, people always seem to find new ways to believe that the good times can last forever. Right now, the rules of the game in the US stock market are as clear as day: the S&P 500 is hitting record highs, boosted by a rally that has added $16 trillion in market cap since the start of 2025. Oil prices are near four-year lows, while risk is abundant everywhere — from equities to crypto. Expected volatility is at a one-year low. Investors keep buying at the top, and it's almost impossible to tell which high will actually be the last. In the 1990s, it was the Internet that propelled American stocks. In 2021, it was zero interest rates. Today, it's the age of artificial intelligence. Wall Street has convinced itself there's no such thing as "too much optimism" — at least for now. The Fed is expected to continue cutting rates, AI technologies are here to stay, and that means corporate profits and the US economy still have room to expand. So does the S&P 500. Divergence between Dow Industrials and transport companies Never mind the old Dow Theory flashing warning signals. According to it, when industrial stocks rally without confirmation from transportation stocks, trouble is brewing. The gap between the two hasn't been this wide since the global financial crisis of 2008–2009, the 2020 pandemic, and the tariff shock earlier this year. The number of "bears" has exceeded the number of "bulls" for seven straight weeks — something that's only happened three times since the beginning of the 20th century. Still, the market hears only what it wants to hear. Instead of scary headlines, investors are latching onto a recent Bank of America report suggesting there's no bubble in the broad equity index. Historically, during the last ten market bubbles, the average rally from bottom to top was about 244%. Today, the so-called "Magnificent Seven" are up 223%. Back then, the average price-to-earnings ratio was 58, and the distance from the 200-day moving average was 29%. Today, those numbers are 39 and 20%, respectively. The S&P 500 still has room to climb. Bull vs. bear sentiment in US stocks What could stop the bulls in the broad market index? A sharp reassessment of Fed rate expectations? Judging by what's happening in the currency markets — where the US dollar is strengthening — that reassessment is already underway. But equities remain unfazed. Accelerating US inflation? Possible, but unlikely. The Federal Reserve has made it clear it's more concerned about unemployment. Strong labor market data? Also unlikely to change the narrative. Technically, on the daily chart, the S&P 500 is now within arm's reach of the previously stated target level of 6,700. A breakout above resistance would pave the way toward 6,850 and beyond. In this environment, it makes sense to stick with the classic "buy the dip" strategy or go long on fresh all-time highs. Key support is seen near the 6,570 mark. The material has been provided by InstaForex Company - www.instaforex.com

Overview: After finishing last week with a bid tone, the US dollar's gains were initially extended against most G10 currencies before a mild bout of profit-taking emerged. It was extended in the European morning but may stall in North America. Several pairs have options near today's highs that expire at 10:00 AM ET. The US announcement that dramatically raises the prices of H-1B visas is a key talking point, with India seen particularly exposed. The US tariffs make it more expensive to import goods and now the administration will make it more difficult to import skilled labor. Meanwhile, Argentina's drama continues, and it is seeking a US loan on top of the IMF. Although the Bank of Japan announced intentions to reduce its equity ETF holdings, the pace is slow (~20 mln a day) that it is not much of a hurdle for Japanese stock, which rallied today. Most of the large bourses in the region did, but Hong Kong and mainland stocks that trade there, and India. The Stoxx 600 in Europe is off around 0.2% and US index futures are also trading heavier. Benchmark 10-year yields are narrowly mixed and there has been little reaction to news at the end of last week that Fitch upgraded Italy's rating BBB+ with a stable outlook. The 10-year US Treasury yield is little changed, slightly below 4.13%. Five Fed officials speak today, three of whom are slated for noon ET. Gold reached a new record high around $3726 before steadying. November WTI is held $63 and was pushed back to the pre-weekend low near $62.25. USD: The Dollar Index enters today, with a three-day advance in tow, the longest advance since late July. It is trading lower in a consolidative fashion after stalling in front of 97.85. It has found initial support near 97.50 and could ease toward 97.20 without causing much technical damage. A push above 97.80 targets the 98.25 area, and possibly 98.70. Post-FOMC and before the next employment report, sentiment may be the key to the greenback's near-term performance. The market does not put much weight on today's national activities report by the Chicago Federal Reserve. Five Fed officials speak today amid a wide dispersion of views. Tomorrow sees the preliminary September PMI and Q2 current account. The PMI may pose headline risk, but the market seems to react more to the ISM. After a record Q1 25 current account deficit (~$450 bln), the dramatic reduction in the Q2 trade deficit (~$190.4 bln vs. $381.5 bln in Q1) points to a narrower Q1 current account deficit. The TIC data showed foreign investors bought a net $382 bln of US financial assets in Q2 after a little less than $385 bln in Q1. As we have noted, foreign investors bought more US stocks and bonds in H1 25 than H1 23 and H1 24 together. BIS data and other research suggest that the pressure on the dollar is coming not from a capital strike but hedging dollar exposure. EURO: The euro initially extending its last week's losses and slipped to about $1.1725 before recovering to almost $1.1770 in the European morning. The intraday momentum indicators are stretched. Additional gains look likely to be limited in North America, and there are 1.1 bln euros in options struck at $1.18 that expire today. Tomorrow's preliminary October PMI is the most important economic report this week for the market, though the lending data with the money supply report may draw more attention from economists. Over the last couple of weeks, Russia incursion into the airspace of Poland and Estonia raises the temperature of geopolitical tensions as Russian forces step up their attacks on Ukraine. The market impact is minimal until it isn't. The Swiss National Bank meets on Thursday. Its policy rate is at zero and the two-year yield is almost negative 20 bp. The Swiss franc is in the upper end of this year's range against the euro. However, the SNB does not seem prepared to adopt a negative policy rate. The EU harmonized CPI was at zero year-over-year last month and the core rate was 0.7% (slightly below China's 0.9%). The SNB does not quite seem ready to return to a negative policy rate. CNY: The dollar fell to the new low for the year against the offshore yuan in the middle of last week near CNH7.0850. The greenback's broad recovery saw it rise to CNH7.12 ahead of the weekend. It is consolidating quietly in the pre-weekend range. The PBOC set the dollar's fix lower today after raising it in the past two sessions. It was set at CNY7.1106 today (CNY7.1128 before the weekend and CNY7.1056 a week ago). US Treasury Secretary Bessent's acceptance of the yuan's modest appreciation this year may be understood within the context of US talks with China and seems consistent the administration's distancing itself from Taiwan in terms of weapon sales and high-level defense meeting. These measures coupled with the US treatment of Ukraine cannot set will Taipei. Meanwhile, Chinese banks left their loan prime rate steady at 3.0% and 3.5% for the one- and five-year tenors, respectively. China's economic calendar is light this week. We find that the yuan tends to do relatively better on the crosses in a firm US dollar environment, as was the case in July, for example. JPY: The dollar edged up to make a marginal new two-week high near stalled near JPY148.40 today before easing. Firmer US rates could help lift the greenback into the JPY148.65-85 area next. The greenback has risen for four consecutive weeks against the yen, matching its longest advance in January-February 2024. The hawkish hold by the BOJ failed to inspire the fx market while boosting the odds of a rate hike in the swap market from about a 1-in-3 chance to slightly more than 50%. This underscores our observation that the exchange rate is more driven by US rates than Japanese. Japanese markets are closed tomorrow for the fall equinox. The flash PMI will be reported Wednesday but tends not to elicit much of a local response. Thursday sees Tokyo's September CPI, which is a robust signal of the drivers of the national reading that is reported later in October. Some observers are particularly pessimistic Japan, but this is nearly a perennial. We note that the 40-year yield peaked in May near 3.70% and is now 3.40%. The US 10-year premium over JGBs is 250 basis points after approaching three-year lows last week. The Nikkei and Topix were knocked off their record highs at the end of last week following the BOJ's decision to reduce its holdings of its ETF. Still, the divestment will be so slow that we suspect it will not derail the bull market. The Nikkei closed 1% higher today and the Topix gained 0.50%. GBP: Sterling settled heavily at the end of the last week. It reversed lower from about $1.3725 in the middle of last week and finished last week setting a two-week low near $1.3465. The losses were initially extended to about $1.3455 today before it recovered. It held chart support near $1.3435. It poked slightly above $1.3500 in Europe. Options for about GBP400 mln at $1.3500 expire today. The high from last Friday was around $1.3565, and only a move above there would call into question this near-term bearish outlook. It is a light week for UK data outside of tomorrow's preliminary September PMI. After last week's larger deficit, driven by higher inflation lifting public service spending and debt services and weaker revenue, the performance of the UK's debt market remains important. While we argue, firmer rates can support the US dollar, higher bond yields in the UK are consistent with sterling weakness. CAD: The Bank of Canada's rate cut last week, which was largely anticipated, did not have much impact on the exchange rate. In fact, in the firmer US dollar environment that emerged after Fed's cut was the key to the Loonie's performance. It was the strongest of the G10 currencies with a nearly 0.45% gain. As we have observed, the Canadian dollar performs better in the stronger greenback environment. This was obviously the case in July when the US dollar rose for the first month this year. Given the extent of US dollar bearishness, the common tactic of short-term momentum traders and trend followers is to be short the Canadian dollar on crosses, like against sterling or euro. If the greenback enjoys a correction as we anticipate short Canadian dollar positions, get squeezed out. The US dollar is trading within the pre-weekend range (~CAD1.3770-CAD1.3825). Options for about $520 mln at CAD1.3800 expire today. Key US dollar support is near CAD1.3720, the potential neckline of a topping pattern. Nearby resistance is seen in the CAD1.3830-50. AUD: The Australian dollar's key reversal last Wednesday after setting a new high for the year slightly above $0.6705 signals near-term weakness. Follow-through selling in the last two sessions saw the Aussie finish the week a little below $0.6600. It was pushed into a support zone today in the $0.6560-80 area. Although it stabilized, it is stalling in front of $0.6600, where options for about A$705 mln expire today. Meanwhile, poor New Zealand GDP (-0.6% vs. a flat reading expected by the median forecast in Bloomberg's survey), sent the Kiwi sharply lower. It was the worst G10 performer last week; tagged for almost 1.6%. The implied year-end rate in the swaps market fell 20 bp last week. There are two RBNZ meetings left this year, and the swaps market has two quarter-point cuts fully discounted, and a little more than a 1-in-3 chance that one will be for 50 bp. The Aussie reached a three-year high against the Kiwi last week. MXN: The dollar fell to MXN18.20 last week, the lowest level since July 2024. In the greenback's rebound in the second half of last week, it recovered to almost MXN18.47. It is consolidating quietly between roughly MXN18.3750 and MXN18.4325. There is scope for some additional near-term gains ahead of the first half September CPI on Wednesday and the central bank meeting on Thursday, but dollar sellers are likely to re-emerge. The carry remains attractive and allows peso longs to hold on to their positions during the consolidative phase before the dollar takes another leg down. The next target is near MXN18.00. Mexico's central bank is widely expected to cut its overnight target rate by 25 bp to 7.50%. The greenback posted a key upside reversal against the Brazilian real last Thursday by settling above Wednesday's high after first falling to a new low for the year. Given that Brazil's overnight rate is 15.00%, it is expensive to short. There may be near-term potential toward BRL5.36-BRL5.38. Disclaimer

The Australian dollar is coming off its best week since July, with gains of close to 1%. In Monday's European session, AUD/USD is trading at 0.6589, down 0.07% on the day. Bullock says inflation in good place but China a concern RBA Governor Bullock testified before a parliamentary committee on Monday. Bullock said that inflation was in a "very good position" as higher interest rates had curbed demand. Still, she warned that there inflation risks remained on "both sides". Bullock was less positive about the geopolitical environment, warning that the significant change in the global trading system which had created massive uncertainty. The Reserve Bank was particularly concerned about the impact of US tariffs on China, Australia's largest trading partner. Bullock warned that the financial markets had not priced in the risks of the tariffs, which could affect financial stability if the the domstic economy was significantly affected by the tariffs. The RBA is expected to hold the cash rate at 3.6% at next week's meeting, after lowering rates by a quarter-point in August. The markets have priced in a 10% likelihood of a rate cut at the upcoming meeting, with an 86% likelihood of a cut in November. Investors eye Fedspeak There are no US economic releases today but investors will be keeping a close eye on Fedspeak, with five FOMC members scheduled to deliver public remarks. New Fed Governor MIran, who voted for a 50-bp cut at the September 17 meeting, is expected to give a detailed explanation of his view in today's speech. At last week's meeting, the Fed signaled that more rate cuts were coming and the markets have priced in an October cut at 90%, according to CME's FedWatch. The Fed appears to have shifted to a more dovish stance after maintaining rates since December 2024 until lowering rates last week. AUD/USD Technical AUDUSD 4-Hour Chart, September 21, 2025 AUDUSD tested support at 0.6589 and 0.6580 earlier. Next, there is support at 0.6567There is resistance at 0.6602 and 0.6611 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

On Friday, the EUR/USD pair continued its decline after bouncing off the 1.1789–1.1802 zone. The decline in the euro may continue toward the 76.4% corrective level at 1.1695, but I believe that the euro's fall is a coincidence. I'll explain why below. A rebound from the 1.1695 level will work in favor of the euro and the restoration of the "bullish" trend. A consolidation above the resistance zone of 1.1789–1.1802 will increase the probability of continued growth toward 1.1896. The wave situation on the hourly chart remains simple and clear. The last completed upward wave broke the peak of the previous one, and the last downward wave did not break the previous low. Thus, the trend is still "bullish" at this time. Recent labor market data and the changed outlook for the Federal Reserve's monetary policy currently support only the bulls, while the bears remain sidelined. For the trend to change to "bearish," the pair would need to fall to the support zone of 1.1637–1.1645. Despite the lack of significant news, bears continued to push the market. In my opinion, the euro's decline was not fundamentally justified. Last week, the FOMC (Federal Open Market Committee) decided to cut the interest rate and hinted at the possibility of doing so again during the year's remaining two meetings. What more dovish scenario could have been expected? The week before that, the ECB clearly stated that no further monetary easing was needed — another point in favor of the euro. U.S. economic data in recent weeks has been weak, which further weighs on the dollar. Therefore, I consider the recent EUR/USD decline a coincidence or merely a technical correction. While there were factors influencing the drop, they were mostly related to the British pound, not issues in France or the Fed's supposedly "not dovish enough" stance. I currently see no reason to abandon the bullish trend. On the 4-hour chart, the pair consolidated above the horizontal channel, allowing traders to expect further growth. A rebound from the 161.8% Fibonacci level at 1.1854 worked in favor of the U.S. dollar and led to a minor pullback toward 1.1680. A consolidation above the 1.1854 level would allow traders to anticipate continued growth toward the 1.2066 level. No emerging divergences are currently visible on any indicator. Commitments of Traders (COT) Report: Over the past reporting week, professional market participants closed 4,788 Long positions and opened 3,130 Short positions. The sentiment of the "Non-commercial" trader group remains bullish, thanks in part to Donald Trump, and continues to strengthen. The total number of Long positions held by speculators now stands at 253,000, versus 135,000 Short positions — nearly a 2:1 ratio in favor of the bulls. Also, note the number of green cells in the table above — a sign of strong accumulation of long positions in the euro. More often than not, interest in the euro is growing while interest in the dollar is falling. For 32 consecutive weeks, major players have been reducing Short positions and increasing Longs. Donald Trump's policies continue to be a significant factor for traders as they may trigger long-term structural problems for the U.S. economy. Despite the signing of several key trade agreements, many important economic indicators in the U.S. are showing a decline. Economic Calendar for the U.S. and Eurozone:September 22 contains no noteworthy economic events. The news background will have no influence on market sentiment on Monday. EUR/USD Forecast and Trader Recommendations: Selling the pair was possible on a rebound from the 1.1896 level on the hourly chart with a target at 1.1802 – target reached. New short opportunities were also available on a close below the 1.1789–1.1802 zone with a target at 1.1695 – these trades can still be held open until a buy signal appears, with Stop Loss set to breakeven. Buying opportunities may develop today if the price closes above the 1.1789–1.1802 zone (target: 1.1896) or on a rebound from the 1.1695 level. Fibonacci levels are plotted from 1.1789–1.1392 on the hourly chart and from 1.1214–1.0179 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com

On the hourly chart, the GBP/USD pair continued its decline on Friday after consolidating below the 1.3587–1.3620 zone and ended the day with a close below the 76.4% Fibonacci level at 1.3482. This suggests that the pound's decline may continue toward the next support zone of 1.3416–1.3425. A consolidation above the 1.3482 level would work in favor of the British pound and could lead to some growth toward the 100.0% corrective level at 1.3587. The wave pattern has shifted to a "bearish" one. This happened suddenly and unexpectedly. The last upward wave broke the previous high, but the following downward wave easily broke the last low. The information backdrop was mostly neutral for the pound last week, but Thursday and Friday ruined everything. However, that news has already been priced in — so what will allow the bears to continue their pressure? The Bank of England hinted last week at another possible monetary policy easing before the end of the year, which was the trigger for the pound's decline. This was followed by news of discrepancies in income and spending in the UK's next fiscal year budget, as well as a significant rise in national debt. Earlier, there had already been news of a sharp jump in government bond yields. These are indeed serious reasons to sell the pound, but they can hardly compete with the level of negativity coming from the U.S. Even though the wave pattern suggests a bearish trend, I believe that the bulls could launch a new offensive at any moment. Therefore, I will pay close attention to buy signals. Current pound prices are quite attractive for the bulls, and the broader fundamental backdrop still does not provide strong support for the bears in the medium term. Today, speeches from Huw Pill and Andrew Bailey in the UK will be important events to monitor. On the 4-hour chart, the pair reversed in favor of the U.S. dollar following a "bearish" divergence on the CCI indicator and after the Bank of England and the Fed meetings. The downward movement continues toward the support zone of 1.3378–1.3435. A rebound from this zone will work in favor of the pound and some upward movement. A consolidation below the zone would favor a continuation of the decline toward the 76.4% corrective level at 1.3118. Commitments of Traders (COT) Report: The sentiment of the "Non-commercial" trader category became sharply more bullish in the last reporting week. The number of long positions held by speculators increased by 5,947 contracts, while short positions decreased by 21,078. The current spread between longs and shorts is about: 80,000 vs. 87,000. Bullish traders are once again shifting the balance in their favor. In my view, the pound still has downward potential. The fundamental backdrop during the first half of the year was terrible for the U.S. dollar, but it is slowly improving. Trade tensions are easing, major deals are being signed, and the U.S. economy is expected to recover in Q2 thanks to tariffs and various domestic investments. At the same time, expectations of Fed easing in the second half of the year are starting to put real pressure on the dollar, with labor market performance worsening and unemployment rising. Therefore, I do not yet see grounds for a strong bearish trend. Economic Calendar for the U.S. and UK:United Kingdom – Speech by Bank of England Governor Andrew Bailey (18:00 UTC).The economic events calendar for September 22 contains only one relevant item. The influence of the news background on market sentiment will appear primarily in the evening. GBP/USD Forecast and Trader Tips:Selling the pair was possible on a rebound from the 1.3708 level on the hourly chart with targets at the 1.3611–1.3620 zone and the 1.3482 level — all targets were reached. Buying opportunities may be considered on a rebound from the 1.3416–1.3425 zone, or upon a close above the 1.3482 level on the hourly chart with a target at 1.3587. Fibonacci grids are drawn from 1.3586–1.3139 on the hourly chart and from 1.3431–1.2104 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com

The cryptocurrency market faced a brutal shake-up as Bitcoin slipped below the $115,000 mark and Ethereum dropped under $4,500, erasing weeks of bullish momentum. What started as a period of cautious optimism quickly turned into a wave of panic selling, leaving bulls struggling to regain control. The sharp correction has pushed the market into a new, uncertain phase where confidence is being tested, and short-term volatility is dominating sentiment. Top analyst Maartunn highlighted one of the key drivers behind the downturn: an overleveraged derivatives market. In the last 24 hours alone, the crypto market witnessed $597 million in BTC and ETH long liquidations, marking one of the heaviest waves of forced selling in recent months. This liquidation wipeout serves as a harsh reminder to tradersof the risks of excessive leverage in a market that can turn abruptly. The selloff also underscores the fragile balance between bullish enthusiasm and macroeconomic uncertainty. With central banks recalibrating policy and liquidity conditions tightening, crypto faces a complex environment. As prices test lower support levels, the coming days will reveal whether this correction is a temporary shakeout or the beginning of a deeper phase of market revaluation. Liquidations Trigger Speculation on Crypto’s Next Phase According to Maartunn, the past 24 hours delivered one of the harshest blows to overleveraged traders this year. Data shows that $189 million in Bitcoin longs were liquidated, alongside an even larger $408 million in Ethereum longs, bringing the total wiped out positions close to $600 million. This wave of liquidations happened within hours, highlighting just how fragile sentiment can be when leverage builds up across major assets. The sudden sell-off sent shockwaves through the market, forcing bulls to retreat as Bitcoin slipped under the $115K level and Ethereum dropped below $4,500. Traders who had built aggressive long positions in anticipation of continued upside quickly found themselves on the losing side, as cascading liquidations amplified the decline. Such events are not uncommon in crypto, but the size and speed of this move have left investors reassessing the short-term landscape. Now, speculation is heating up about what comes next. Some analysts argue this was nothing more than a leverage reset, a necessary purge to clear excessive speculation and allow the market to build a healthier foundation for the next leg upward. Others are less optimistic, viewing the event as a potential trigger for a corrective stage, where broader selling pressure could drag prices lower before any recovery. What’s clear is that the market has entered a new phase of uncertainty. Investors are watching closely for whether fresh demand steps in to stabilize prices, or if further selling pressure forces a deeper pullback. Until clarity emerges, volatility is likely to dominate. Total Crypto Market Cap Analysis The total cryptocurrency market cap has experienced a sharp pullback, currently sitting around $3.83 trillion after a 3.3% daily decline. The chart highlights the rejection near the $4 trillion mark, a key psychological resistance level that has repeatedly capped upward moves in recent weeks. Despite this setback, the market remains well above its medium-term supports, suggesting the broader uptrend is still intact. Looking at the moving averages, the 50-day SMA (~$3.87T) is being tested, and a decisive close below could open the door to further downside toward the 100-day SMA (~$3.68T). However, as long as the market holds above this zone, the bullish structure remains valid. The 200-day SMA (~$3.31T) continues to provide a strong foundation for the longer-term trend, showing that the bull market context remains strong. This recent drop reflects the heavy liquidations across BTC and ETH longs, which have rippled through altcoins, increasing volatility across the board. If the market stabilizes above $3.8T, it could set the stage for another attempt at breaking $4T. Conversely, a deeper breakdown below $3.7T may shift momentum, signaling a potential corrective phase in the short term. Featured image from Dall-E, chart from TradingView

The upcoming week will be packed with various events—including the release of important economic data, primarily from the U.S., speeches by influential central bank officials, and the Swiss National Bank's final monetary policy decision. This week promises to be eventful, featuring key economic reports—especially from the United States—alongside remarks from major central bank figures and the Swiss National Bank's monetary policy decision. Let's assess how these events may influence the markets. Let's begin with an assessment of key U.S. statistics, which, unsurprisingly, play a leading role in global markets, given the current geopolitical landscape and financial market dynamics where the U.S. remains the central figure of focus and influence. The main highlight this week will be the release of the Personal Consumption Expenditures (PCE) Price Index report, which many market participants believe could confirm whether the Federal Reserve was right to cut its key interest rate by 0.25% at the last meeting. As a reminder, the Federal Reserve and its Chair, Jerome Powell, faced unprecedented pressure from President Donald Trump and Treasury Secretary Spencer Bessent, who urged renewed interest rate cuts to stimulate national economic growth—despite annual consumer inflation having accelerated to 2.9% from 2.7%. At the same time, a bleak labor market situation became the main justification for the rate cut, regardless of rising inflation. How should this indicator's influence on the markets be interpreted? If the PCE data comes in line with expectations or slightly lower—recall that the July figure was 2.6%—investors will view it as a strong confirmation that the Fed may continue lowering interest rates. In that case, two more cuts before the end of the year seem plausible. However, if the overall figure shows an upward trend—rising to 3% or higher—this could push the Fed back into a wait-and-see mode, delaying action until further "nudges" from Trump or new inflation data emerge. How will the stock markets react, particularly in the U.S.? Slowing inflation and prospects for further rate cuts will support demand for equities—especially in the U.S. The three major stock indices could resume their upward movement. I explained the underlying reasons for this in more detail in a previous article. Under this scenario, the dollar may come under pressure again; however, a significant decline is unlikely as the currencies traded against it are under pressure themselves due to negative economic developments in their respective countries—something I've covered earlier. In addition to inflation data, revised U.S. GDP figures will be released, with growth expected to remain at 3%. Key data on manufacturing and new home sales will also be published. Fed Chair Jerome Powell and ECB President Christine Lagarde are scheduled to speak as well. And as the cherry on top, the Swiss National Bank will announce its interest rate decision, with expectations pointing to rates remaining unchanged at 0.0%. Overall, assessing the market picture, we can speak of moderately positive sentiment among market participants. Daily Forecast: Gold Weakness in the U.S. dollar and ongoing global geopolitical tensions, including the risk of escalating existing conflicts, continue to support gold prices. After breaking through and potentially consolidating above the 3702.00 level, gold could resume its growth toward 3748.50. The 3711.36 mark may serve as a buying opportunity for gold. USD/CHF The pair is trading below the 0.7975 level. The Swiss National Bank's rate decision may put local pressure on the franc, and a rise in the pair above this level could trigger further growth toward 0.8025. The 0.7980 mark may serve as a buy level for the USD/CHF pair. The material has been provided by InstaForex Company - www.instaforex.com