Redator

Gold prices remain high amidst US-China trade talks, indicating market uncertaintyTechnical analysis shows gold breaking a bear flag, suggesting a potential rally to $3400/oz.Short-term, a break above 3333.60 on the two-hour chart could further fuel the upward momentum.Read More: Markets Today: Asian Stocks Mixed, UK Unemployment Rises to 4.6%, FTSE 100 Eyes ATH Gold prices continue to hold the high ground as a host of commodities benefit from US-China talks which have entered their second day in the UK. Markets appear cautiously optimistic regarding the talks and this appears to have stemmed the flow toward haven assets. However, the fact that Gold continues to inch higher suggests that there remains concerns in some quarters. A brief US Dollar rally yesterday led to a brief pullback before Gold continued its grind higher. close Source: TradingView (click to enlarge) Source: TradingView (click to enlarge) Support 3333.5833003275Resistance 335033753400Follow 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.

ETH USD is in the headlines again! Traders on X are also posting their charts, announcing their positions and discussing what the future might hold. Besides the massive net inflows on the ETH ETFs, totalling nearly $1bn, the stable coin supply on Ethereum increased by a $150 million overnight. Many indicators are looking bullish, and the question is: Will the market sustain the momentum it built since April? Yes, we have been in an uptrend for two months already! Please visit my last article from 26th of May for extra context as you read this one. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 ETH USD Price Movement Analysis: Is Ether About to Go Parabolic? (ETHUSD) Skyview time – 1W timeframe. The price history back to 2021, shows that Ethereum still has not printed a new ATH. Remember when Bitcoin did that? It was last year, March 2024! A break above the 2021 top has been a long time coming, and we might witness it in the next few months. The last bit of this chart is the drop below $2500 (also MA200), a test of 2023 support, and a V-Shape recovery above MA200. V-Shape recoveries are most often signs of large demand. The last drop also marks the RSI bottom, last seen in May 2022. (ETHUSD) The next chart for this analysis is on the Daily timeframe. After bouncing off the 2023 support, ETH reclaimed the bullish side of RSI indicator. It also broke the bearish Market Structure and moved straight up to MA200, where it has stayed for about a month. Successfully reclaiming MA50 and MA100. Accumulating, ready for another push, now that RSI has been reset. It needs to break that MA200 level now! DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now (ETHUSD) Lastly, we will stop at a lower timeframe—4H. It is the timeframe that I personally use for multi-day swing trading since it cancels out a lot of the noise. And price respects the Moving Averages a lot of the time. We see it doing just that, the last few days, retesting MA200. This is proving to be a grand entry, as price is making a new move up while I finish this article. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Update ETH USD Knock-Knock-Knocking On Alt Season's Door Market structure remains bullish RSI reset on 1D timeframe Currently breaking above MA200 on 1D Needs to break and close above MA200 on 1D for alt season. The post ETH USD Knock-Knock-Knocking On Alt Season’s Door appeared first on 99Bitcoins.

XRP changed hands at roughly $2.30 in early European trading on Tuesday, extending a two-day bounce that has pulled the token back toward the upper half of the seven-month range that has confined it between about $2.00 and $2.80 since December. Analyst Quantum Ascend argues that this compression phase is now approaching a technical fulcrum that will determine whether the next move is an impulsive wave-three surge or one final wave-two washout. XRP Tightens Into Decision Zone In a video posted on 9 June, the trader noted that “we’ve been in this range… since early December… between like $2.80 and $2.00 just bouncing the whole time,” before zooming out to show what he calls the only Elliott-wave count that “makes sense”: a completed five-wave advance from last year’s lows followed by a five-wave corrective pull-back. “Right now we’re looking at a one-two-three-four-five on the way down… that’s the macro two… and now we’re waiting on three-four-five,” he said, adding that XRP still represents about 12.5% of his portfolio despite his tactical rotation into “alts with more gas left.” Quantum Ascend’s Fibonacci mapping reveals that the token has already retraced slightly more than 50% of its preceding leg higher—a textbook depth for a second-wave correction—and that the sell-off bottomed in the price region that coincided with the fourth wave of the prior move. “Makes sense, perfect spot for us to bounce,” he told viewers after plotting the swing low against the 0.5 Fib level. Whether that bounce blossoms into a sustained breakout, he stressed, ultimately hinges on the market leader: “I think Bitcoin’s gonna make the decision for us,” he said, pointing out that XRP’s fate remains tightly coupled to any directional conviction in BTC. Bitcoin’s own advance toward key retracement resistance could, in his view, drag major altcoins—including XRP—into their respective inflection zones. The analyst now fixes on the 0.618–0.786 Fib band, which corresponds to $2.42–$2.52, as the “decision zone.” “There’s gonna be an area that we gotta be careful of… statistically it’s the area we’re most probable to roll over… between $2.42 and $2.52,” he warned, outlining the risk that XRP forms an A-B-C zig-zag and revisits lower supports before the larger impulsive leg begins. A rejection there would map onto the classical script of a complex second wave that fakes out early longs one final time before relinquishing control to bulls. Macro currents may soon add fuel. XRP’s next potential volatility catalyst is the US Securities and Exchange Commission’s 17 June deadline on Franklin Templeton’s spot-XRP exchange-traded fund proposal—a ruling some desks see as the token’s analogue to January’s Bitcoin ETF moment. While ETF speculation has helped price reclaim higher ground this month, XRP remains almost a dollar below its January all-time high of $3.40, leaving the $2.42–$2.52 pocket as the most technically significant hurdle in the short term. For now, traders will watch whether the current advance can print a daily close inside—or better, above—that corridor. A clean break would validate Quantum Ascend’s wave-three thesis and open the charts to measured moves targeting the mid-$3s. Failure, by contrast, risks a final capitulation toward the lower-$2 region before the larger bull structure can re-assert itself. Whatever the outcome, the analyst remains sanguine: “Whether it rolls over here one more time and we have to be patient or it just goes—that’s okay, because either way the end result is going to be the same.” At press time, XRP traded at $2.28.

Trading at ~$36.72 per troy ounce, silver currently trades at levels last seen in early 2012. Up by over 9% in last week’s trading, global monetary policy expectations, a strong demand outlook, and continued safe-haven demand continue to benefit bullion pricing. close A chart showing the recent price action of XAGUSD. OANDA,TradingView, 10/06/2025 A chart showing the recent price action of XAGUSD. OANDA,TradingView, 10/06/2025 For the first time since October 2024, the 14-day RSI rates current silver price action as ‘overbought’, suggesting a short-term retracement is likely before further upside can be achievedAll major moving averages, including the 10, 21, and 50-day, currently show a bullish directional bias, suggesting price is trending upwards in both the short and long termIf price can stabilise and stage a move higher, bulls will first look to break $37, with some resistance expected around ~$37.10 Read more on precious metals: Gold (XAU/USD) Holds High Ground as US-China Talks Ramble On 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.

BlackRock’s iShares Bitcoin Trust (IBIT) has made headlines by amassing a staggering $70 billion in total assets, achieving this milestone faster than any other exchange-traded fund (ETF) in history. This remarkable feat occurred just 341 days after its launch, according to Bloomberg analyst Eric Balchunas, who noted that IBIT reached this figure five times quicker than the previous record holder, State Street’s GLD gold ETF, which took nearly 1,700 days. BlackRock’s IBIT Outshines Competitors As the most popular of the twelve Bitcoin ETFs currently available, IBIT stands out significantly in the market. Following closely behind are Fidelity’s FBTC and Grayscale’s GBTC, both of which have around $20 billion in assets. The launch of IBIT and ten other Bitcoin ETFs at the start of last year by the world’s largest asset managers marked a significant shift in the investment landscape, fueled by long-awaited regulatory approval from the Securities and Exchange Commission (SEC). The debut of these funds highlighted a robust demand from investors eager to capitalize on Bitcoin’s price fluctuations. IBIT alone accumulated over $1 billion in assets within just four days of its market introduction. By November, IBIT had surpassed the total assets of BlackRock’s gold fund, solidifying its position as the largest among the 1,400 funds managed by the asset manager worldwide. Bitcoin ETF Market Thrives The momentum didn’t stop there; in December, IBIT became the fastest exchange-traded fund to hit $50 billion in assets, achieving this milestone five times quicker than BlackRock’s iShares Core MSCI EAFE ETF, which took nearly four years to reach the same level. “IBIT’s growth is unprecedented,” remarked Bloomberg ETF expert James Seyffart in an interview with Fortune Magazine on Monday. “It’s the fastest ETF to reach most milestones, outpacing any other ETF across all asset classes.” The surge in Bitcoin ETFs has coincided with significant increases in the cryptocurrency’s price. For instance, as Bitcoin reached an all-time high of $111,900 in late May, the cumulative net assets across all twelve Bitcoin ETFs surpassed $134 billion, reflecting the growing interest and investment in this digital asset class. Since reaching its record high, the market’s leading cryptocurrency has retraced, with the most important support line at $100,000 being tested on June 5. Nevertheless, Bitcoin has once again regained its bullish momentum, jumping past the $108,400 mark on Monday. With gains of 2% and 4% on the 24-hour and weekly time frames, respectively, the price of BTC is now only 2.7% below the record price level. This puts the cryptocurrency on the verge of a new price discovery phase after the normal pullback seen last week. Featured image from DALL-E, chart from TradingView.com

Shares in Hochschild Mining (LON: HOC) fell nearly 22% on Tuesday, their steepest drop since November 2021, after it announced a six-week halt of processing operations at its Mara Rosa gold mine in Brazil due to heavy seasonal rainfall. The South America-focused precious metals miner is suspending activities at the mine’s processing plant carry out maintenance and repair work on the tailings filtering system, which has been affected by rain and contractor-related issues. Mining operations will continue during the shutdown, Hochschild noted. Mara Rosa, which began commercial production in early 2024, yielded just over 25,000 ounces of gold between January and May, well short of pace to meet its guidance of 94,000 to 104,000 ounces of gold this year. That forecast will now be “significantly reduced,” the company said, adding the production shortfall will impact operational costs. Chief executive Eduardo Landin will oversee a full review of mining, processing, and waste management activities at the site in an effort to identify bottlenecks and stabilise output. Berenberg analysts, who had previously expressed caution about the mine’s first wet season, now expect production to fall to about 74,000 ounces, roughly 20% below the original target. They estimate the downgrade will hit group earnings per share by about 10%. “The challenges at Mara Rosa have gone beyond weather-related delays and now include serious issues with the tailings filtering process,” Berenberg noted. “It remains to be seen how effectively operations can be steered back onto the right track in the near term.” By early afternoon in London, Hochschild shares were still trading down at 234p, valuing the company at £1.22 billion ($1.7 billion). Mara Rosa, located in Goiás state, is Hochschild’s first operation in Brazil, where it is expanding its footprint. Last year, the miner acquired the Monte Do Carmo project for $60 million. Other than in Brazil, Hochschild has mines in Peru and Argentina and is advancing development projects in Chile and Peru.

Layer3 is among the top performers, up 16% as bulls of early June 2025 flow back. As the attention economy booms, will L3 be among the best cryptos to buy? Crypto prices are surging. As Ethereum and Bitcoin approach critical resistance levels, savvy investors are searching for the next 1000X crypto projects. In this race, Layer3 has caught investors’ attention with impressive gains over the past 24 hours. Data from Coingecko shows that L3, the native token of the attention platform, is up 30% in 24 hours, aligning with the sharp gains seen in early June 2025. Despite having a lower market cap than some of the best cryptos to buy, Layer3 is making moves. Explore: The 12+ Hottest Crypto Presales to Buy Right Now What is Layer3? The Layer3 team is building an interactive crypto learning and engagement platform. At its core, the platform combines gamification, on-chain credentials, and a lucrative rewards economy. The objective is to create a global liquid market for attention, where users who engage by clicking, completing tasks, and contributing to a supported dApp’s growth are rewarded. Specifically, users participate in quests, which are interactive challenges across various dApps. Upon completing these quests, they earn CUBEs. These NFT credentials verify their activity across multiple chains, including Solana, Polygon, Base, and Arbitrum. Since its launch, over 20 million CUBEs have been minted from more than 120 million completed quests. By the end of May 2025, Layer3 CUBEs were trending on Arbitrum. Users who deposit SOL on Fragmetric receive fragSOL, a liquid token usable in DeFi activities like lending or trading. DISCOVER: 9 Best Crypto Presales to Invest in June 2025 – Top Token Presales Layer3 L3 Soaring, Riding The Attention Economy Boom L3 token spikes 16%, bounces after dip Layer3 demand due to its interactive platform rewarding users CUBE NFTs are trending on multiple chains, especially Arbitrum Layer3 partnering with more dapps, boosting their discovery and user onboarding efforts 2025 The post Layer3 L3 Crypto Leads Gains, Up 30% as Attention Economy Booms appeared first on 99Bitcoins.

The Bitcoin price is still holding above $100,000 despite suffering a crash right before the weekend. It has since bounced back from the $104,000 level, suggesting that bulls are making their stand at this major psychological level. Now, with the crypto market sitting at what looks to be a critical point, questions are arising about what the next step could be from here. Can Bitcoin still rally, or is this the end of a rather short and underwhelming bull market? Bitcoin Price Still Has A Long Way To Go Crypto analyst Doctor Profit has been a vocal voice when it comes to the bullishness of the Bitcoin price. He has continued to call for higher prices even at a time when the wider community is expecting the cryptocurrency to keep falling from here. In fact, the crypto analyst believes that the leading crypto could see its price double from here, despite already hitting multiple new all-time highs. In a post on X, Doctor Profit explained the reasoning behind this and why he believes that the Bitcoin price still has room to run. The first thing he pointed to was the fact that a rare Golden Cross had appeared on the Bitcoin price chart. This happened three weeks ago, and back then, the analyst called out the chart formation, explaining that this meant that the bull run was not over. This is because every time Bitcoin had flashed a Golden Cross in the past, it had been the start of another massive run. Just like now, it is first followed by a 10% decline in price, which was achieved when Bitcoin fell from $111,900 to $100,000. Now that the first part of the trend seems to have been fulfilled, expectations are that the other parts will play out similarly. In addition to this, he explains that Bitcoin has also formed its diagonal resistance, which it is now looking to break out from. A successful break would put it back above $108,000 as it gears up for the next leg-up. Macro Factors That Support The Thesis Not only does the chart technicals show this possible recovery, but the upcoming Consumer Price Index (CPI) data, expected to be released on Wednesday, plays into this as well. Doctor Profit explains that Wall Street is already expecting the CPI to come in at 2.5%, a rather high number. Instead, he believes that the CPI will come in lower, putting it between 2.1% and 2.3%. A lower figure would mean that there is a slowdown in inflation, allowing room for more risk-taking and pushing markets such as stocks and crypto higher. Also, there is the matter of the negative funding rate, which suggests that there are more shorters in the market right now, expecting the price to tank. Data from Coinglass shows the Bitcoin funding rate has dropped to one of the lowest levels this year, and the analyst says this is a sign of a healthy market. “Overall, I see a strong trend and markets will continue to rise with first targets between 108-110k, and this is by far not the end,” Doctor Profit said. “The golden cross is promising us between 70-170% in gains in the coming months!”

South Korea’s newly elected President, Lee Jae-myung, has proposed the Digital Asset Basic Act. The crypto bill allows local companies to issue stablecoins. Lee – known as a progressive leader who defeated a conservative opponent – is moving quickly to deliver on promises made during his election campaigns. Lee also advocated for legalising spot crypto exchange-traded funds (ETFs). Notably, when it comes to crypto, both presidential candidates, liberal Lee and conservative Kim Moon-soo, had gone full pro-crypto with their election policies. “Today, I would like to present a significant turning point for the future of digital finance in the Republic of Korea and to represent the basic law on digital assets,” said lawmaker Min Byeong-deok, introducing the bill, in a 10 June 2025 press conference. “Digital assets are no longer an experimental means,” he said. “Blockchain and artificial intelligence technology are already a key link between the global capital market and the established real economy infrastructure.” Explore: 10+ Crypto Tokens That Can Hit 1000x in 2025 South Korea’s Increased Retail Crypto Participation South Korea’s increased retail crypto participation, along with its experience in the past with crypto frauds, hastened new regulations through which the country intends to ensure greater transparency, security, and trust in the cryptocurrency ecosystem. Strict regulations (Virtual Asset User Protection Act) were brought into focus in July 2024. They imposed strict requirements on crypto exchanges that included potential life sentences for criminal violations. South Korea’s Financial Services Commission, on 20 May 2025, established new regulations for non-profit crypto transactions and tightened listing criteria for exchanges. Furthermore, the South Korean Democratic Party kick-started a Digital Asset Committee to develop crypto policies and promote industry growth. Explore: The 12+ Hottest Crypto Presales to Buy Right Now Key Takeaways South Korea’s Digital Asset Basic Act will allow local companies to issue stablecoins. According to the new bill, stablecoin issuers must obtain approval from the Financial Services Commission (FSC) and meet a few more eligibility criteria. The post South Korea’s New President Moves To Legalize Stablecoins Through Crypto Bill appeared first on 99Bitcoins.

The price actions of the Germany 30 CFD Index (a proxy of the DAX futures) have staged an intraday loss of -0.4% from the start of today’s European opening session. Interestingly, the ongoing four-day slide of -2.17% from last Thursday, 5 June swing high of 24,491 may have hit a minor cyclical low at this time of the writing. Alternative Trend Bias (1 to 3 days) On the other hand, failure to hold at the 23,900 key support may trigger a minor corrective decline sequence within its medium-term uptrend phase (still above 50-day moving) to expose the next intermediate supports at 23,675, and 23,380 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.

Overview: The US dollar is enjoying a firmer tone against the G10 currencies with the disappointing UK jobs data weighing on sterling the most. It is off about 0.5% in late morning European activity. The greenback is more mixed against emerging market currencies. The Mexican peso, which reached new highs for the year yesterday is consolidating. The Brazilian real also rose to its best level of the year yesterday. The US economic calendar is light today and the focus is on tomorrow's CPI report and the ongoing US-China talks in London. The US tariffs have been the key issue, the talks in London appear to be more about export controls. There are the makings for a deal: chips for magnets and rare earths. It is not clear the extent to which the US will unwind some of its chip export controls and maybe only to the measures that have been announced since the Geneva agreement. Most for the large Asia Pacific bourses gain, with China and Hong Kong notable exceptions. Strong orders for TSMC helped lift the Taiwan equity market by 2%. Europe's Stoxx 600 is nursing a small loss and US index futures are little changed. European benchmark 10-year yields are mostly 2-3 bp lower. The poor jobs report has sent the 10-year Gilt yield down seven basis points. The 10-year US Treasury yield is off a couple of basis points to 4.45%. Gold is consolidating between $3302 and $3335 today. July WTI is trading near $65.60, a two-month high. It is the fourth advancing session and the sixth of the past seven. USD: The Dollar Index remains pinned in its recent range near this year's low, recorded in April, slightly below 98.00. It has moved to test the upper end of this month's range near 99.40 today. Follow-through buying through the 20-day moving average (~99.60) would lift the technical tone. DXY has not closed above this moving average since May 19. The economic calendar is light ahead of tomorrow's May CPI and the Fed is in a media blackout period ahead of next week's FOMC meeting. This week's coupon sales kick-off today with $58 bln three-year notes, followed by $39 bn 10-year notes tomorrow, and Thursday's $22 bln 30-year bonds. There is much handwringing and finger pointing about the worrisome backing up of US interest rates, and it is often framed as reflecting the budget deficit and growing worries about the debt. Yet, consider that since the end of April, expectations for the year-end Fed funds rate has risen by about 55 bp. The 10-year yield has risen slightly more than 30 bp. It is not that the deficit and debt do not matter, but the backing up of US rates is arguably a result of shift in expectations for Fed policy. EURO: The euro recorded the session low yesterday, a little below $1.1390 in early North American turnover. It recovered to trade hover around $1.1425 in the North American afternoon, without the muster to challenge the session high seen in Europe near $1.1440. Like, yesterday, the euro remains within the range set last Friday (~$1.1370-$1.1455). Still, we had expected the combination of the steady US unemployment rate, expectations for a firm US CPI tomorrow, and the trade talks with China (began yesterday and continue today) to support the dollar. CNY: The dollar traded inside last Friday's range (~CNH7.1715-CNH7.1940) yesterday and frayed the upper end of its today as the broad consolidation continues. The PBOC set the dollar's reference rate at CNY7.1840 (CNY7.1855 yesterday). US-China trade talks in London continue today. What the US has done to China through exports controls and third-party restrictions on semiconductors and related technology and software, China has shown its capability of doing with rare earths and magnets. As we have argued, it seems China can replace chips easier or sooner than the US can replace the processed rare earths and magnets. That US Commerce Secretary Lutnick is participating in the talks in London has given rise to speculation that US export controls are part of the negotiations. It looks as if the US is willing the extra technology controls announced since the Geneva agreement nearly a month ago. JPY: The dollar traded between roughly JPY144 and JPY145 yesterday. Buying today, lifted the greenback through a trendline drawn off the mid- and late May high, found near JPY145.10. It reached JPY145.30 before sellers pushed it back to around JPY144.45. Japan reported 3.4% year-over-year increase in the preliminary estimate of May machine tool orders after April's orders rose 7.7% year-over-year. Still, the month-over-month are more revealing. After a surge in March, orders surged by 27.8%, orders have slowed. In April, they fell 13.8% and in May, they fell another 1.2%. Foreign orders have held in better than domestic orders. GBP: Sterling traded firmly yesterday but remained within the pre-weekend range (~$1.3510-$1.3585). Disappointing labor market data knocked it to $1.3455, below the 1-2-week trendline near $1.3525 today. Average weekly earnings were slowed to 5.3% in the three-months year-over-year in April, though excluding bonuses, slowed to 5.2% from 5.5%. Job growth is slowing, and the unemployment rate (three-months) rose to a new cyclical high of 4.6%, the highest since July 2021. The number of payrolled employees fell by 109k after last month's loss of 33k was revised a loss of 55k. It has not risen since last October, and those making jobless claims rose by 33k, the most since last July. Still, there is little chance that the data will prompt the Bank of England to cut rates next week, though the odds of an August cut have risen to around 80% from 67% yesterday. Note that ahead of the next week's BOE meeting, May's CPI will be reported. Headline CPI jumped 1.2% (month-over-month) in April amid price hikes in utilities. Consumer service prices jumped 5.4% year-over-year from 4.7% in March and was largest rise since last August. CAD: The US dollar briefly and marginally traded above the pre-weekend high near CAD1.3705. It has reached CAD1.3730 today. It is the third consecutive session of higher highs and higher lows. The CAD1.3745 area marks this month's high and a move above it could target the CAD1.3775-CAD1.3800 area. Yesterday, Prime Minister Carney announced a C$9 bln increase in defense spending and brought forward the 2% NATO target to FY25-26 from FY30 discussed in the recent campaign. Canada will have a permanent and expanded presence in the Arctic. The procurement process will become more efficient. Separately, Canada is reviewing its defense equipment needs and may opt for European producers instead of or in addition to US defense contractors. AUD: Confidence surveys from two banks appeared to have little impact on the Australian dollar. The Australian dollar approached the upper end of its recent range that comes in slightly below $0.6540. The $0.6550 area that we have been looking for is the (61.8%) retracement of the fall from last September's high near $0.6940 to the low in April near $0.5915. Still, the Aussie posted its highest close since last November yesterday near $0.6515. While there has been no follow-through buying today, the Australian dollar is within its well-worn recent range (~$0.6480-$0.6540) and trading firmly in a $0.6490-$0.6530 range today. MXN: The dollar ground to a new low against the Mexican peso, slightly below MXN19.03 yesterday, after a brief wobble early in the North American session as the greenback caught a bid around the time of Mexico's CPI report. It was a little firmer than expected, with the headline rising to 4.42% (from 3.93%) and the core to 4.06% (from 3.93%). This is the first time since last July that both measures are above the upper end of the 2%-4% target range. The central bank meets on June 26. The swaps market appears to be having second thoughts about the likelihood of another 50 bp cut, which would the fourth in a row. Ahead of the meeting, officials will get the inflation reading for the first half of June. The nearly 11% jump in vehicle production in May is a constructive development, but it is still about 2% lower than a year ago. Vehicle exports surged about 17.2% last month after a nearly 13.5% decline in April, leaving them almost 3% lower than a year ago. Mexico exports around 84% of its vehicle production in May compared with slightly less than 80% in May 2024. The peso recovered yesterday and settled well but is consolidating today between about MXN19.0345 and MXN19.10. We have been warning of a move toward MXN19.00, as it approaches, we must consider the next target on a break of it. The next important chart area is closer to MXN18.80. Disclaimer

The enduring story of the Lost Colony of Roanoke Island remains one of the biggest mysteries in American history. Established in the late 1500s on Roanoke Island, present-day North Carolina, the colony was England’s first attempt to establish a settlement in the New World. Yet, one day, the entire colony disappeared without a trace. The unsettling disappearance of the entire colony triggered centuries of speculation, theories, and many investigations. None of these ideas has ever borne fruit and explained what really happened to these 120 brave English souls who traveled to the New World, but then disappeared. A Coin to Remember It The mystery and intrigue surrounding the lost colony have turned the 1937 Roanoke silver half-dollar commemorative coin into one of the most popular commemorative coins in American numismatics. After all, it represents a foundational episode in our nation’s history. For those who haven’t heard the story before, here are some of the basic facts that we do know to be true. Setting Sail for the New World In the late 1500s, there was a fierce competition among European powers to establish overseas colonies. The Roanoke exploration and colony were primarily financed by Sir Walter Raleigh, an ambitious Englishman. In 1584, Queen Elizabeth I granted Raleigh the right to explore and colonize lands not already claimed by Christian monarchs. Raleigh invested heavily in this venture, seeking both personal gain and national glory. The initial 1584 reconnaissance voyage reported abundant natural resources and friendly native populations, fueling hopes for a prosperous settlement. In 1587, families including women and children joined the 1587 expedition to Roanoke Island led by John White, with the goal of building a permanent community in the New World. On August 18, 1587, White’s daughter Eleanor Dare gave birth to a daughter, Virginia Dare, who was the first English child born in a New World English colony. Her legacy endures today in American history. When John White returned to Roanoke in 1590 after a three-year absence, he found the entire colony gone. The only clues he could find were the word “CROATOAN” carved into a post and “CRO” on a tree. The fate of the roughly 120 colonists, including his granddaughter, remains unknown to this day. What Could Have Happened to the Roanoke Colonists? One of the most popular theories is that the British colonists sought refuge with friendly native peoples, such as the Croatan (now Hatteras) tribe. Perhaps they married into and assimilated into their native communities. Some believe the entire Roanoke colony perished due to food shortages, hostile conflicts with native tribes, or that disease spread and took the entire settlement out. Other historians have argued that the Roanoke colonists moved to another location, but no definitive archaeological evidence has been found. Another theory that has been put forth is that the Spanish forces destroyed the colony, since Spain and England were warring at that time. Despite many archeological digs, the fate of the Lost Colony remains a mystery today. What we do know is that the Colony of Roanoke Island is historically significant as it marked the first English effort to establish a permanent settlement in North America. And the brave souls who journeyed across the ocean gave their lives for a bigger cause. Honoring the Lost Colony: A Special Coin In 1937, to mark the 350th anniversary of the Roanoke Colony and the birth of Virginia Dare, the United States Mint issued a special silver commemorative half dollar. Congress authorized this coin to celebrate both the historical significance of the colony and the enduring mystery surrounding its fate. Why Collectors Prize the Roanoke Island commemorative half dollar This visually stunning coin commemorates a truly remarkable event in American colonial history, steeped in mystery and intrigue as well as historical significance. The artistry of this coin will never be forgotten once you have seen it. Experts agree that the detailed and symbolic imagery on the coin makes it a standout among commemorative issues. The obverse of the silver coin features Sir Walter Raleigh in period dress, shining a light on his role as the colony’s sponsor and visionary. The inscription includes “United States of America,” “Half Dollar,” and “Sir Walter Raleigh.” The reverse of the coin portrays a dramatic image of Eleanor Dare holding her baby daughter, Virginia Dare, against the backdrop of a coastal landscape. This scene pays tribute to the first English child born in America and the families who braved the unknown. In Memory… The Lost Colony of Roanoke Island remains an enigma, a story of adventure and adversity at the dawn of English America. Its legacy is preserved in the form of a beautiful silver commemorative coin. The coin is a tangible reminder of both the optimism, bravery, and tragedy of the Roanoke colonists and is a prized numismatic gem for collectors and historians alike. Curious? Blanchard has one of these historical gems on offer now. See it here. The post One of America’s Greatest Unsolved Mysteries: The Lost Colony of Roanoke Island appeared first on Blanchard and Company.

The enduring story of the Lost Colony of Roanoke Island remains one of the biggest mysteries in American history. Established in the late 1500s on Roanoke Island, present-day North Carolina, the colony was England’s first attempt to establish a settlement in the New World. Yet, one day, the entire colony disappeared without a trace. The unsettling disappearance of the entire colony triggered centuries of speculation, theories, and many investigations. None of these ideas has ever borne fruit and explained what really happened to these 120 brave English souls who traveled to the New World, but then disappeared. A Coin to Remember It The mystery and intrigue surrounding the lost colony have turned the 1937 Roanoke silver half-dollar commemorative coin into one of the most popular commemorative coins in American numismatics. After all, it represents a foundational episode in our nation’s history. For those who haven’t heard the story before, here are some of the basic facts that we do know to be true. Setting Sail for the New World In the late 1500s, there was a fierce competition among European powers to establish overseas colonies. The Roanoke exploration and colony were primarily financed by Sir Walter Raleigh, an ambitious Englishman. In 1584, Queen Elizabeth I granted Raleigh the right to explore and colonize lands not already claimed by Christian monarchs. Raleigh invested heavily in this venture, seeking both personal gain and national glory. The initial 1584 reconnaissance voyage reported abundant natural resources and friendly native populations, fueling hopes for a prosperous settlement. In 1587, families including women and children joined the 1587 expedition to Roanoke Island led by John White, with the goal of building a permanent community in the New World. On August 18, 1587, White’s daughter Eleanor Dare gave birth to a daughter, Virginia Dare, who was the first English child born in a New World English colony. Her legacy endures today in American history. When John White returned to Roanoke in 1590 after a three-year absence, he found the entire colony gone. The only clues he could find were the word “CROATOAN” carved into a post and “CRO” on a tree. The fate of the roughly 120 colonists, including his granddaughter, remains unknown to this day. What Could Have Happened to the Roanoke Colonists? One of the most popular theories is that the British colonists sought refuge with friendly native peoples, such as the Croatan (now Hatteras) tribe. Perhaps they married into and assimilated into their native communities. Some believe the entire Roanoke colony perished due to food shortages, hostile conflicts with native tribes, or that disease spread and took the entire settlement out. Other historians have argued that the Roanoke colonists moved to another location, but no definitive archaeological evidence has been found. Another theory that has been put forth is that the Spanish forces destroyed the colony, since Spain and England were warring at that time. Despite many archeological digs, the fate of the Lost Colony remains a mystery today. What we do know is that the Colony of Roanoke Island is historically significant as it marked the first English effort to establish a permanent settlement in North America. And the brave souls who journeyed across the ocean gave their lives for a bigger cause. Honoring the Lost Colony: A Special Coin In 1937, to mark the 350th anniversary of the Roanoke Colony and the birth of Virginia Dare, the United States Mint issued a special silver commemorative half dollar. Congress authorized this coin to celebrate both the historical significance of the colony and the enduring mystery surrounding its fate. Why Collectors Prize the Roanoke Island commemorative half dollar This visually stunning coin commemorates a truly remarkable event in American colonial history, steeped in mystery and intrigue as well as historical significance. The artistry of this coin will never be forgotten once you have seen it. Experts agree that the detailed and symbolic imagery on the coin makes it a standout among commemorative issues. The obverse of the silver coin features Sir Walter Raleigh in period dress, shining a light on his role as the colony’s sponsor and visionary. The inscription includes “United States of America,” “Half Dollar,” and “Sir Walter Raleigh.” The reverse of the coin portrays a dramatic image of Eleanor Dare holding her baby daughter, Virginia Dare, against the backdrop of a coastal landscape. This scene pays tribute to the first English child born in America and the families who braved the unknown. In Memory… The Lost Colony of Roanoke Island remains an enigma, a story of adventure and adversity at the dawn of English America. Its legacy is preserved in the form of a beautiful silver commemorative coin. The coin is a tangible reminder of both the optimism, bravery, and tragedy of the Roanoke colonists and is a prized numismatic gem for collectors and historians alike. Curious? Blanchard has one of these historical gems on offer now. See it here. The post One of America’s Greatest Unsolved Mysteries: The Lost Colony of Roanoke Island appeared first on Blanchard and Company.

Solana (SOL) has recovered from the recent market pullback after bouncing from its local bottom. Amid its recent breakout from a bullish formation, some market watchers suggest that the cryptocurrency could recover its start-of-year glory. Solana Breakout Eyes $164 Solana is recording a 2.45% surge in the weekly timeframe after recovering from its recent drop to the $140 area. The altcoin has seen a significant recovery from its multi-month downtrend, which led the token to hit a 14-month low of $95 during the early April retraces. However, SOL lost the $160 area amid the recent market corrections, dipping 11% in one week. Over the weekend, its price bounced nearly 10%, reclaiming the $150 level as support and forming an ascending triangle pattern. Crypto analyst Ali Martinez highlighted the 3-day formation in Solana’s chart, suggesting a potential 6% jump to its recently lost support level. According to the post, the cryptocurrency broke out of the triangle formation on Monday after reclaiming the $155 area. A retest and breakout confirmation could propel Solana to the $164 barrier, which has not been seen in two weeks. Analyst CW noted that if SOL breaks through the selling barrier around the $160 level, “the previous price will recover quickly,” as reclaiming this level could send the price straight to the $180 area. Notably, the altcoin’s next significant selling wall is around the $180 resistance, which it has been unable to reclaim despite touching a $187 three-month high during the recent market rally. Recovering this key barrier could also push SOL’s price toward the $200 mark, enabling a rally to new highs. However, failing to hold the current levels could send the cryptocurrency’s price back toward the $142 buying wall, which served as support last week, or even the $135 level, where the next buy wall sits. SOL Preparing To Climb Higher? Market watcher Jeremy pointed out that Solana is “finally breaking out from this downtrend consolidation.” Per the post, the cryptocurrency has been consolidating in a descending channel since late May, hovering between the $140-$187 price range. Throughout this period, SOL’s price moved from the $180 mark toward the $144 support. Nonetheless, it broke out of the two-week descending channel after reclaiming the $155 level. Jeremy suggested that Solana’s price could “actually climb higher” if global conflicts and political disputes, like the Trump-Musk online feud, don’t continue to affect the market, concluding that “1 SOL = $300 is just a matter of time.” Meanwhile, crypto trader Coinvo recently affirmed that SOL’s bottom “is finally in,” highlighting a potential bullish megaphone pattern in SOL’s chart. The 18-month pattern shows that the fourth wave bounced from the formation’s lower boundary during the April pullback. This could signal a potential surge to the upper boundary, around the all-time high (ATH) levels, during the fifth wave. A breakout above the pattern’s resistance line could propel Solana to new highs As of this writing, Solana trades at $156, a 1.88% increase in the daily timeframe.

The market’s leading cryptocurrency, Bitcoin (BTC), experienced a notable spike on Monday, surging past the $108,000 mark after a period of consolidation between $100,000 and $106,000 for the past week. This surge comes as key officials from the United States and China prepare for critical trade negotiations in London, aimed at addressing ongoing tensions and salvaging “a fragile trade agreement.” US-China Trade Talks Spark Investor Optimism The cryptocurrency gained 2% on Monday, briefly touching a peak of $108,900 before settling back slightly. This uptick reflects growing investor optimism regarding the potential resolution of trade disputes between the US and China, one of its largest trading partners. Treasury Secretary Scott Bessent and China’s Vice Premier for Economic Policy, He Lifeng, are set to lead their respective delegations in discussions that began Monday and are expected to continue into Tuesday, as reported by Fortune. These negotiations are part of President Donald Trump’s broader strategy to compel US trading partners to meet various demands, often through the threat of imposing significant tariffs on imports. Following the announcement of a sweeping tariff policy in April, which impacted nearly all American trading partners, Trump authorized a 90-day pause for negotiations. However, this pause did not apply to tariffs on China, which were escalated to 145%. Trade Talks Resuming As Bitcoin Prices Rise The heightened tensions between the two nations had previously led to a significant drop in Bitcoin’s value, reaching a yearly low of $75,000 as fears of a trade war drove investors away from American markets. However, optimism returned following a summit in Geneva last month, where Trump announced a temporary agreement that would lower tariffs and facilitate further discussions. In the wake of this news, Bitcoin surged to an all-time high of $111,800 on May 22. Yet, the truce was short-lived. Trump claimed that China had violated the agreement over a dispute regarding exports of rare earth magnets. On May 30, he expressed his frustrations on Truth Social, stating, “China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!” In an urgent attempt to salvage the deteriorating trade deal, Trump and Chinese President Xi Jinping held a phone call last week, their first in months. Following this 90-minute conversation, it was announced that senior officials from both countries would meet in London this week to resume negotiations. In addition to trade-related factors, Bitcoin’s recent price surge may also be influenced by increased activity in the cryptocurrency initial public offering (IPO) market. Wave Of Crypto IPO Activity Last week, the stablecoin giant Circle made its public debut on the New York Stock Exchange (NYSE), with its shares soaring by over 168%, jumping from an initial price of $31 to $69 on the first day of trading. Additionally, Gemini, the cryptocurrency exchange founded by the Winklevoss twins, filed for an initial public offering, further demonstrating the crypto industry’s growing connection to traditional finance. “While the IPO excitement may be short-lived, the long-term positioning of institutional investors suggests a bullish outlook for Bitcoin’s performance through 2025,” remarked David Siemer, CEO of Wave Digital Assets, in an interview with Fortune. When writing, BTC trades at $108,670, recording gains of 6% in the monthly time frame, little over 2.7% from its record high of $111,8000 reached in May. Featured image from DALL-E, chart from TradingView.com

The NASDAQ has been bringing crypto and traditional investing together since 2025. With the June 7 filing of a standard K-8 fund, the Nasdaq noted that its standard Nasdaq Crypto US Settlement Price Index (NCIUS) would add four new cryptos – Cardano, Solana, Stellar Lumens, and XRP Ledger – to its current roster of Bitcoin and Ethereum. The move sets up the potential for the first-ever multi-asset crypto ETF, and signals crypto’s continued ascension to the upper ranks of the financial world. The news comes on the back of reports that BlackRock’s Bitcoin ETF just became the fastest-ever ETF to reach $70B in total assets. Add it all together, and it’s clear that the finance world has expanded beyond recognizing just $BTC and $ETH. Solana’s $83.7B market cap could be set to swell even further on the back of a potential Nasdaq listing and possible ETF inclusion. And any growth could skyrocket when critical upgrades like Solaxy, Solana’s first-ever Layer-2, provide a much-needed boost to Solana scalability and reliability. ETFs: Kind Of A Big Deal Exchange-Traded Funds (ETFs) are pools of assets listed on exchanges, letting ordinary investors gain exposure to the underlying assets without purchasing them directly. That makes them great for retail investors who may not want the struggle of setting up a crypto wallet – even a simple wallet like Best Wallet app. However, ETFs are also appealing to institutional investors, who use ETFs to diversify their portfolios. $BTC and $ETH ETFs both caused a spike in the price of their respective cryptos when they launched last year, and have been widely credited with fueling a steady increase in demand. Currently, $BTC ETFs account for 6% of the total Bitcoin market cap; $ETH ETFs hold 3.13%. In both cases, that’s a significant percentage of the total market cap and adds buying pressure. A potential multi-asset ETF, from Nasdaq, no less, would do the same for any included cryptos, including Solana. Solana’s Ecosystem Set to Expand Solana has historically relied on a single Rust-based validator client. That was Agave, maintained by Anza, with over 90% of stake weight running on Jito-Solana, a fork built around MEV infrastructure. The Jito-Solana consolidation boosted performance and staking returns, but raised concerns that a failure at a single point could severely disrupt the network. In a positive sign, several competing clients are emerging: Jito‑Solana: the original MEV solution, which jump-started the trend of validator innovation Firedancer: developed by Jump Crypto, aimed at blazing-fast, modular performance Sig: Syndica’s rewrite in Zig, optimized for read-heavy workloads common in dApps Paladin: a lightweight MEV-focused fork of Jito featuring a protected ‘P3’ transaction lane to mitigate sandwich attacks and enhance fairness TinyDancer: an open-source light client designed for mobile environments, with SPV verification, data sampling, and fraud proofing Taken together, these clients represent a maturing Solana ecosystem: each addresses specific limitations and contributes to greater resilience, specialization, and decentralization. They lay the groundwork for further development on a Solana network that has seen some of the best meme coins and new crypto presales launched in recent years. And now there’s another improvement on the way, just in time for any potential ETF: the first-ever Solana Layer-2 solution, Solaxy. Solaxy ($SOLX): First-Ever Solana Layer-2 for Zero Down-Time Why have investors poured $46M into the Solaxy ($SOLX) presale so far? Because the potential for a Layer 2 solution that solves some of Solana’s nagging problems – like failed transactions and network congestion – is simply too great to miss. The Solaxy project brings together aspects of Ethereum’s scalability and reliability, blending them with Solana’s faster network speeds and lower transaction costs. The $SOLX token will be multi-chain, launching on Ethereum and bridging to the Solaxy Layer-2 when fully deployed. In the meantime, the project is already well underway. The Solaxy Block Explorer and Bridge are live on the testnet. And the token launch is imminent; there are only six days left in the presale. Any investors eager to get in early on what could be the next generation of Solana development can check out our guide on how to buy Solaxy. Tokens currently cost $0.00175, but our price prediction shows the potential for the token to hit $0.025 by the end of 2025, a 1300% increase. Visit the Solaxy presale page today. Nasdaq Listing Positions Solana – and Solaxy – As Financial Cornerstones With Nasdaq listing Solana in its crypto index and a potential ETF on the horizon, institutional demand could surge. Paired with the emergence of Solaxy, Solana is no longer just fast – it’s becoming foundational, and a core part of crypto finance. Do your own research before investing; this is not financial advice. But be aware – time’s running out to get in on the ground floor, with under a week left in the Solaxy presale.

Asian Market Wrap Asian shares gave up some of their morning gains, and stock futures turned negative ahead of the second day of US-China talks. Asian stocks rose, with MSCI's broad Asia-Pacific index (excluding Japan) climbing 0.7% to its highest level since January 2022. The yield on Japan's 10-year government bond fell slightly by 1 basis point to 1.46%, while the 30-year bond yield dropped 3 basis points to 2.88% early in the session. close Source: TradingView.com (click to enlarge) Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

On-chain data shows the exchanges recently received a large amount of Bitcoin inflows, but so far, the asset’s price has only been going up. Bitcoin Has Seen A Spike In Exchange Inflows Recently In a new post on X, the institutional DeFi solutions provider Sentora (formerly IntoTheBlock) has talked about the latest trend in the Exchange Netflow for Bitcoin. The Exchange Netflow is an on-chain indicator that keeps track of the net amount of the asset that’s moving into or out of the wallets associated with all centralized exchanges. When the value of this metric is positive, it means the exchange inflows outweigh the exchange outflows. As one of the main reasons why investors would deposit their coins to these platforms is for selling-related purposes, this kind of trend can have a bearish impact on the asset’s price. On the other hand, the indicator being under the zero mark suggests the holders are taking out a net number of tokens from exchanges. Such a trend can be a sign that the investors are accumulating, which can naturally prove to be bullish for the cryptocurrency. Now, here is a chart that shows the trend in the Bitcoin Exchange Netflow since the start of the month: As displayed in the above graph, the Bitcoin Exchange Netflow has recently mostly been contained in the negative territory, but the latest value (yesterday’s) has been positive. In total, the investors have deposited a net $262.75 million of the asset to the exchange-connected wallets with this inflow spike. According to the analytics firm, this marks the first day of significant deposits since May 27th. As mentioned before, exchange inflows are something that can turn out to be bearish for the coin’s value. So far, however, the opposite has happened for Bitcoin, as its price has soared instead. This could indicate that even if there are some large holders looking to sell with these deposits, enough demand has surfaced at the same time that BTC has not only been able to ride out this wave of potential selling pressure, but actually add to its recovery. According to the analytics firm Glassnode, short liquidations have registered a notable uptick alongside this surge in the cryptocurrency. “Over just 4 hours, total short liquidations spiked from $105K to $359K (24H SMA),” notes Glassnode. Generally, large liquidations end up providing fuel to the price move that caused them, so in this case, it’s possible the short squeeze may have provided support to the Bitcoin rally. BTC Price At the time of writing, Bitcoin is floating around $107,900, up over 3% in the last seven days.

Ethereum has shown signs of regaining momentum after a recent period of decline. The asset is currently trading at approximately $2,540, reflecting a modest 1% daily increase. This upward move follows a notable dip to the $2,400 range last week, marking what appears to be a short-term rebound from recent bearish pressure. While price fluctuations continue, on-chain analysts closely monitor Ethereum’s market structure through various metrics that provide historical context and potential forecasting value. Recent insights from a CryptoQuant analyst have focused on how ETH’s long-term behavior aligns with certain key indicators, which may help define price floors and signal overheated market conditions. Assessing Ethereum Price Floors Using On-Chain Data One of CryptoQuant’s analysts, writing under the name CryptoOnchain, shared a breakdown of Ethereum’s potential “price floors” using a composite of on-chain and market metrics. These floors represent statistical thresholds that have historically acted as support zones during market corrections. Among them is the realized price, which measures the average value at which all circulating ETH last moved on-chain. This metric is often used as a sentiment gauge to track when market participants are in profit or loss. Another benchmark, the mean_price_classic, reflects the average daily closing price of ETH since inception and serves as a cumulative market average. It is used in conjunction with the delta_price_classic, a figure derived from the difference between Ethereum’s realized capitalization and its historical average cap, adjusted for supply. According to the analyst, this delta price is frequently cited in Bitcoin analytics to highlight undervalued zones, and its adaptation for Ethereum provides a comparable lens for identifying periods when the market may be at or near a floor. Tracking Market Tops and Potential Resistance Zones In a separate analysis report, CryptoOnchain highlighted tools for identifying potential market tops. The indicators outlined include the realized_price_x2 and realized_price_x3, which are calculated by multiplying Ethereum’s realized price by two and three, respectively. Historically, these levels have coincided with overheated phases of the market, where prices reached temporary peaks before correcting. Another tool, the price_top_stddev, incorporates volatility into the analysis by adding two times the historical standard deviation of ETH’s closing price to the realized price. This combination serves as a marker of statistically elevated prices, often aligning with periods of heightened euphoria and speculative activity. CryptoOnchain suggests that monitoring these zones can assist traders in managing risk during extended rallies, as these resistance levels have previously preceded major cycle reversals. Featured image created with DALL-E, Chart from TradingView

US stocks opened higher on Monday, 9 June, but pared gains in the second half after US-China trade talks in London concluded without progress. Talks are set to resume on Tuesday, 10 June. The S&P 500 (+0.1%) and Nasdaq 100 (+0.2%) posted modest gains, while the Russell 2000 outperformed (+0.6%). The Dow Jones Industrial Average ended flat. President Trump remarked that China is “not easy” as both sides work to ease tensions over tech and rare earth shipments. close Fig 2: USD/JPY minor trend as of 10 June 2025 (Source: TradingView) Fig 2: USD/JPY minor trend as of 10 June 2025 (Source: TradingView) Since its intraday low of 142.53 printed on 5 June 2025, the recent up move seen in the USD/JPY has transformed into a potential minor bearish “Ascending Wedge” configuration as seen on the 1-hour minor time frame. In addition, the hourly Stochastic oscillator has just traced out a bearish divergence condition at its overbought region that supports an impending minor bearish reversal movement in the USD/JPY. Watch the 145.35 short-term pivotal resistance (the upper boundary of the “Ascending Wedge” and 76.4% Fibonacci retracement of prior decline from 29 May high to 3 June low), and a break below 144.40 near-term support (lower boundary of the Ascending Wedge and 20-day/50-day moving averages may trigger further weakness towards the next supports at 143.50 and 142.35 (see Fig 2). On the other hand, a clearance above 145.35 invalidates the bearish tone to see the next intermediate resistance coming in at 146.10 (minor swing highs areas of 29 May, 16 May, 15 May). 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.

As Bitcoin (BTC) came close to slumping below the psychologically important $100,000 mark last week, the short-term holders (STH) cohort started to show signs of weakening conviction in the leading cryptocurrency, raising fears of a deeper price correction. Bitcoin STH Fear Resurfaces According to a recent CryptoQuant Quicktake post by contributor Darkfost, Bitcoin STH’s net position has turned sharply negative over the past month. This has happened despite BTC holding above the $100,000 level. For the uninitiated, Bitcoin STH are investors who have held their BTC for less than 155 days. They are generally more reactive to price volatility and market sentiment, often selling during corrections or uncertainty. Specifically, a cumulative net position change of -833,000 BTC has been recorded among short-term holders during the ongoing pullback. By comparison, the April crash saw a net position change of around -977,000 BTC. Darkfost noted that current STH behavior closely resembles the activity observed during BTC’s brief drop below $80,000 in April 2025, when the digital asset bottomed out at $74,508. The analyst wrote: Since then, STH appear to have become much more sensitive to market movements, and the recent dip around the $100,000 mark was enough to trigger renewed fear among this group of investors. BTC Showing Signs of Reversal Although BTC lost momentum after reaching its latest all-time high (ATH) of $111,814, the leading cryptocurrency regained strength over the weekend – indicating a possible reversal may be underway. For example, seasoned crypto analyst Ali Martinez noted that BTC has broken through the key resistance level at $106,600. In a recent X post, Martinez predicted that Bitcoin could rally to $108,300 or even $110,000 if current momentum continues. In a separate X post, fellow crypto analyst Rekt Capital shared the following Bitcoin daily chart, noting that the cryptocurrency not only broke out of its two-week downtrend – highlighted in light blue – but may now be turning that former resistance into a new support level. Meanwhile, several technical indicators also point to continued bullish momentum. Notably, Bitcoin’s Hash Ribbons have recently flashed a prime buying signal. Additionally, on-chain data suggests that BTC could experience a sharp upward move in the short term, potentially driven by a negative funding rate on Binance. A prolonged period of negative funding rates often sets the stage for a short squeeze. Despite the bullish outlook, some red flags remain. Recent data shows that long-term holders are gradually exiting the market, while an influx of retail investors could add volatility to the current rally. At press time, BTC trades at $107,627, up 1.9% in the past 24 hours.

Bitcoin has resumed its upward trajectory, registering a modest 1.6% gain over the last 24 hours to trade at $107,428. The recovery comes after last week’s dip toward $100,000 levels, which had been triggered by market-wide volatility and profit-taking. While BTC remains approximately 4.2% below its all-time high of $111,000 reached last month, the weekly trend still reflects a 3.3% increase, suggesting buyers are gradually regaining confidence. This market behavior is mirrored in a set of on-chain indicators recently analyzed by CryptoQuant contributor Amr Taha. Bitcoin On-Chain Metrics Reflect Accumulation Behavior In Taha’s analysis titled “On-Chain Data Hints at Bitcoin’s Next Leg Higher,” Taha examined several metrics that point to a potential continuation of the rally. These include the Binance Taker Buy/Sell Ratio, UTXO age bands, and the Long-Term Holder (LTH) realized cap. All three suggest that market participants are actively accumulating and that underlying sentiment is shifting toward renewed bullishness. One of the primary indicators Taha focused on is Binance’s Taker Buy/Sell Ratio, which has recently climbed to 1.1. This metric evaluates the volume of aggressive market buys versus market sells on the Binance exchange. A ratio above 1 typically implies that more participants are willing to pay the market price to buy than to sell, indicating stronger buyer conviction. According to Taha, such shifts historically precede continued price increases when supported by volume. Another key metric showing strength is the Buy/Sell Pressure Delta over the last 90 days. This indicator tracks the net difference between buying and selling pressure and is now halfway to its historical peak at 0.02. Taha explains that this suggests a market not yet overheated, with room for further accumulation. Combined with recent breakout behavior above the 1D–1W UTXO band, representing recently transacted coins, this hints that many new holders are currently in profit and choosing to hold rather than sell. LTH Conviction and Stablecoin Inflows Reinforce Bullish Case Taha also noted the Long-Term Holder (LTH) Realized Cap has now surpassed $56 billion, reflecting strong hands holding a larger share of Bitcoin supply. These coins have not moved in over 155 days and are considered to represent investors with higher conviction. The increase in this metric implies that fewer coins are being sold into the market, a signal that many investors are expecting higher valuations in the coming weeks or months. In addition, more than $550 million in stablecoins have reportedly flowed into Binance in recent hours. Historically, such inflows to spot exchanges, as opposed to derivatives platforms, often suggest readiness to deploy capital for direct asset purchases. Notably, all of these indicators can be seen as a leading signal of potential volatility or buying pressure. If this pattern holds, Bitcoin’s short-term price activity may benefit from continued accumulation and institutional positioning. Featured image created with DALL-E, Chart from TradingView

XRP price started a fresh increase above the $2.25 zone. The price is now consolidating and might aim for an upward move above the $2.320 resistance. XRP price started a decent upward move above the $2.220 zone. The price is now trading above $2.250 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.270 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.320 resistance zone. XRP Price Aims Fresh Increase XRP price formed a base and started a fresh increase from the $2.050 zone, like Bitcoin and Ethereum. There was a move above the $2.120 and $2.20 resistance levels. The bulls even pushed the price above the $2.25 level. Finally, the price tested the $2.320 resistance. A high was formed at $2.3294 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2.2250 swing low to the $2.3294 high. The price is now trading above $2.220 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2.270 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.320 level. The first major resistance is near the $2.350 level. The next resistance is $2.40. A clear move above the $2.40 resistance might send the price toward the $2.420 resistance. Any more gains might send the price toward the $2.480 resistance or even $2.50 in the near term. The next major hurdle for the bulls might be $2.550. Are Dips Supported? If XRP fails to clear the $2.320 resistance zone, it could start another decline. Initial support on the downside is near the $2.2750 level. The next major support is near the $2.250 level and the 76.4% Fib retracement level of the upward move from the $2.2250 swing low to the $2.3294 high. If there is a downside break and a close below the $2.250 level, the price might continue to decline toward the $2.220 support. The next major support sits near the $2.20 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.2750 and $2.250. Major Resistance Levels – $2.320 and $2.350.

Ethereum price started a fresh increase above the $2,550 zone. ETH is now consolidating and eyes more gains above the $2,740 resistance. Ethereum started a fresh increase above the $2,700 level. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh surge if it clears the $2,740 zone in the near term. Ethereum Price Regains Pace Ethereum price started a fresh increase after it found support near the $2,400 level, like Bitcoin. ETH price was able to clear the $2,500 and $2,550 resistance levels. The bulls pushed the price above $2,650. ETH even spiked above $2,700. A high was formed at $2,731 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2,482 swing low to the $2,731 high. Ethereum price is now trading above $2,600 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,540 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,720 level. The next key resistance is near the $2,740 level. The first major resistance is near the $2,750 level. A clear move above the $2,750 resistance might send the price toward the $2,840 resistance. An upside break above the $2,840 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,880 resistance zone or even $2,920 in the near term. Are Dips Supported In ETH? If Ethereum fails to clear the $2,740 resistance, it could start a fresh decline. Initial support on the downside is near the $2,640 level. The first major support sits near the $2,580 zone and the 61.8% Fib retracement level of the upward move from the $2,482 swing low to the $2,731 high. A clear move below the $2,580 support might push the price toward the $2,540 support. Any more losses might send the price toward the $2,450 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,640 Major Resistance Level – $2,740

According to recent filings, MicroStrategy (rebranded to Strategy) added 1,045 Bitcoin to its holdings this week. The move pushed the firm’s average purchase price to $70,086, after buying at levels above $100,000 in recent weeks. So far, the Michael Saylor-led company has spent more than $40 billion on Bitcoin and is lining up more financing to keep the buys coming. Weekly Bitcoin Purchases Continue Strategy’s drip-feed gameplan has become routine. The firm bought just under 2,000 BTC over the last two weeks, but split those into smaller chunks. That steady rhythm helps avoid big bumps in the market. It also keeps the firm in the headlines on a weekly basis. Traders watch closely. When the company buys, prices tend to move up. Rather than issue new MSTR shares, Strategy tapped its STRK and STRF stocks. The latest filings show $62.7 million in STRK and $43.3 million in STRF went into Bitcoin purchases. No new common shares were registered this round. That keeps Strategy at about 0.02 BTC per MSTR share—10 times more Bitcoin per share than any other name in the sector. Impact On Market Supply Corporate treasuries now hold roughly 3.4 million BTC. That stash includes what miners and governments no longer sell. It leaves less coin on the open market. Over-the-counter desks have seen their inventories drop from 236,000 BTC a month ago to just 123,500 BTC today. Even Coinbase Prime, one of the main outlets for big players, shows only 63,535 BTC available. Corporate Trends And Outlook Strategy’s moves still cast a long shadow. Only 26 other public companies have more than 1,000 BTC, and just seven hold over 10,000 BTC. On-chain data points to nearly 2,000 whale wallets that top those numbers. In the past week alone, five additional firms bought BTC, using their purchases to grab attention on social media. In all, 124 public companies have now listed Bitcoin on their balance sheets or signaled plans to buy. What It Means For Investors Based on reports, small-scale buys can spur fresh demand without the risk of giant, sudden orders. But average prices above $70,000 come with their own risk. If Bitcoin dips, paper losses mount fast. High interest rates add further pressure. Still, Strategy’s approach fuels a sense of scarcity. Every weekly buy reminds markets that big holders are in no rush to sell. Featured image from Unsplash, chart from TradingView