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Bitcoin continues to showcase resilience in the current cryptocurrency market cycle, consistently setting new records while many altcoins remain below their previous peaks. Currently trading just above $104,000, Bitcoin has recently retraced from its all-time high above $111,000, set last month. Contrasting Bitcoin’s consistent growth, Ethereum and other prominent altcoins have yet to surpass historical highs that they reached several years ago, highlighting a notable divergence in market performance. This divergence has been a focal point among analysts, prompting a deeper examination of investor behavior and capital flows between Bitcoin and altcoins. Recent insights from CryptoQuant analyst Dan suggest that while Bitcoin remains dominant, the situation for altcoins might shift in the upcoming phase of the crypto market cycle. Bitcoin Investor Behavior Suggests Potential Shift Ahead CryptoQuant analyst Crypto Dan recently explored the broader implications of this Bitcoin-dominated cycle in his market commentary. According to Dan’s analysis, previous market cycles typically saw a gradual reduction in mid-to-long-term Bitcoin holdings as investor capital redistributed into altcoins. This shift traditionally drove altcoins significantly higher, usually marking the late stages of a bullish cycle. However, this cycle exhibits a different pattern. Frequent minor corrections in Bitcoin’s price are followed by more significant and sharp downturns for altcoins, demonstrating persistent weakness. Crypto Dan notes that currently, very few altcoin investors have realized meaningful profits, an unusual circumstance compared to prior cycles. Despite this ongoing difficulty for altcoin holders, the analyst maintains optimism, emphasizing that historical patterns suggest Bitcoin’s dominance typically declines towards the end of each cycle. If history repeats, altcoins might experience substantial upward movements as the cycle approaches its maturity. Thus, while altcoins currently underperform, investors are advised to maintain patience until Bitcoin’s momentum reaches its final bullish push, potentially signaling a turning point. Whale Activities Hint at Upcoming Altcoin Attention Complementing this perspective, another analyst from CryptoQuant, Maartunn, provided insights into stablecoin inflows to major exchanges. Specifically, Maartunn highlighted that over 75% of Tether (USDT) deposits to Binance, tracked via the TRC-20 network, originated from large wallets, commonly known as whales, since November 2023. This substantial concentration of whale activity suggests that major market participants prefer Binance for significant capital movements involving stablecoins. The notable whale-driven inflows to Binance could indicate preparation for substantial market activity, including potential purchasing of Bitcoin or an eventual shift towards altcoins. Historically, stablecoin deposits from large holders precede increased volatility and trading activity, as whales position themselves strategically in anticipation of market shifts. Featured image created with DALL-E, Chart from TradingView

An analyst has pointed out how Solana has recently formed a signal on the Tom Demark (TD) Sequential that could imply a potential reversal for the asset’s price. Solana Has Seen A TD Sequential Buy Signal On The 12-Hour Timeframe In a new post on X, analyst Ali Martinez has talked about a signal that has appeared on the 12-hour price chart of Solana. The signal in question is based on the Tom Demark (TD) Sequential, a technical analysis (TA) indicator commonly used to identify potential reversal points in an asset’s value. The indicator involves two phases: setup and countdown. During the first of these, the setup, candles of the same color are counted up to nine. These nine candles don’t necessarily have to be consecutive. Once they are in, the TD Sequential flashes a reversal signal for the asset. Naturally, if the candles were green (that is, an uptrend led into the signal), then the indicator suggests a bearish turnaround in the price. Similarly, red candles result in a bullish signal. As soon as the setup is complete, the second phase, the countdown, begins. This phase works in much the same way, except for the fact that candles here go on until thirteen. Following these thirteen candles, the asset could be considered to have arrived at another location of likely reversal. Now, here is the chart shared by the analyst that shows the TD Sequential signal that the 12-hour price of Solana has recently formed: As is visible in the above graph, the 12-hour Solana price has recently completed a TD Sequential phase of the first type. Clearly, the nine candles involved in the pattern have been red ones, meaning that the indicator has just given a buy signal for the cryptocurrency. This signal has arrived after the asset has gone through a drawdown of more than 13% over the past week. It now remains to be seen whether it would be enough to help the coin find a bullish reversal or not. While this bullish pattern has formed in TA, on-chain data may hint at a different outcome for Solana. According to cryptocurrency transaction tracker service Whale Alert, a SOL whale has just made a massive inflow to the Binance platform. In total, the investor moved about 2.86 million tokens of the asset ($441 million) to the exchange with this transaction. Generally, holders transfer their coins to these central entities whenever they want to make use of one of the services that they provide, which can include selling. Thus, if the motive behind this Binance deposit was distribution, then Solana can naturally see a bearish effect from the move, given its humongous scale. SOL Price Following its recent bearish trend, Solana has seen its price go down to $153.90.

As Bitcoin (BTC) retreats from its recent all-time high (ATH) of $111,814 – currently trading in the mid-$100,000 range – emerging on-chain data signals that the cryptocurrency’s strong momentum over the past month may be waning. Deeper Correction Ahead For Bitcoin? According to a recent CryptoQuant Quicktake post by contributor Amr Taha, the Bitcoin market is undergoing several notable on-chain shifts. These include significant stablecoin outflows from Binance, a decline in long-term holder (LTH) participation, and diverging accumulation patterns among wallet cohorts. One of the most striking indicators is the net outflow of over $1 billion in stablecoins from Binance. This suggests traders are moving funds off the exchange and into private wallets, typically a sign of reduced risk appetite or diminished intent to buy crypto in the near term. Such large-scale stablecoin withdrawals often indicate declining buying power and can precede a loss of market momentum or a shift toward profit-taking and caution. If the trend continues, BTC may slip further, potentially losing the psychologically important $100,000 level. In parallel, long-term holders (LTH) have also pulled back. The Net Position Realized Cap for LTHs plummeted from $28 billion to just $2 billion by the end of May 2025 – signaling that these investors are no longer increasing their exposure despite the recent price surge. Further, 60-day wallet behavior trends point to a divergence in market sentiment. Large holders with 1,000 to 10,000 BTC have been gradually offloading their positions, while smaller retail cohorts holding 100 to 1,000 BTC have been aggressively accumulating, buying into the rally. Taha remarked: The combination of heavy stablecoin withdrawals, reduced LTH accumulation, and shifting cohort behaviors signals a market in transition. Whether this sets the stage for a cooling-off period, a healthy consolidation, or renewed momentum will depend on how new capital re-enters the system and whether retail buyers can sustain the current rally without institutional reinforcement. All Hope Is Not Lost While the aforementioned data points hint toward a potential looming price correction for the apex digital asset, other on-chain data shows that BTC is likely to continue its upward trajectory, potentially to new ATHs. CryptoQuant contributor Crypto Dan recently highlighted that the Bitcoin Net Realized Profit/Loss (NRPL) metric supports a continued upward trajectory, noting that current profit-taking levels are modest compared to previous cycle peaks. Additionally, BTC outflows from centralized exchanges are increasing, with a recent 7,883 BTC withdrawal from Coinbase. This could point to renewed institutional interest and accumulation in anticipation of another upward move. At press time, BTC trades at $103,854, down 0.2% in the past 24 hours.

The XRP price may be on the verge of a significant breakout, according to a new wave count analysis combining the Elliott Wave Theory and the Wyckoff reaccumulation principles. After months of sideways trading and corrective movement, analysts have pinpointed a critical price level that could serve as a trigger point for XRP’s next leg higher. XRP Price Primed For Major Lift-Off From This Level A new analysis published by crypto analyst the ‘Charting Prodigy’ on X (formerly Twitter) suggests that the XRP price is following a clear Elliott Wave structure that began forming after the April lows this year. The price has completed Wave 1 of a new impulse cycle, followed by a WXY corrective Wave 2. Recent price action also indicates that XRP is now entering sub-wave 3 of Macro Wave 5, which is typically the most powerful and extended wave in the cycle. The standout detail of Charting Prodigy’s analysis is the identified trigger level at $2.56. According to the expert’s analysis, a confirmed breakout above this critical trigger point could signal the start of a rapid markup phase, potentially propelling XRP toward the $2.9 to $3.4 range. The significance of this bullish target is supported by not only the Elliott Wave analysis but also the Wyckoff reaccumulation, Fibonacci extension targets, and the emergence of a bullish divergence forming on the Moving Average Convergence Divergence (MACD). Notably, the analyst points to a classic Wyckoff accumulation structure taking shape on the XRP price chart. He identified key phases such as Preliminary Support (PSY), Automatic Rally (AR), and Secondary Test (ST). The structure also included a “spring” phase and, most recently, a Last Point of Support (LPS). The emergence of these Wyckoff elements suggests that XRP has completed its reaccumulation and has entered the aforementioned markup phase, where price tends to go parabolic. The combination of these technical indicators and chart patterns also indicates that $2.65 is the level to watch as XRP makes its way up to price levels close to its former ATH. XRP Set For Double-Digit Target In 2 Weeks According to a new chart analysis by crypto analyst Egrag Crypto, XRP may be on the verge of a historic breakout. Presenting a 2-week price chart, the analyst highlights a macro bullish formation that could push XRP into double-digit territory—targeting $10, $18, $27, and even a whopping $55 in the months ahead. Egrag Crypto’s chart draws attention to a long-standing macro ascending channel that XRP has respected since 2016. Past breakouts from similar setups have historically delivered exponential gains for the cryptocurrency. The key trigger, according to the analysis, is a decisive move above the 21-week timeframe. This same signal preceded XRP’s explosive rally in 2017 when it surged from under 1 cent to an all-time high of $3.84. Notably, the analysis emphasizes the importance of remaining within this macro ascending channel, indicating that as long as the lower trendline holds and the 21 EMA is breached, XRP’s bullish case remains intact.

Bitcoin (BTC) has experienced a noticeable retracement after recently achieving a record high above $111,000 last month. Currently priced at $104,115, the cryptocurrency has declined approximately 5.2% in the past 7 days, marking roughly a 7% drop from its peak price. This sudden decrease has sparked considerable attention among market participants, who closely observe potential signals that might clarify Bitcoin’s next move. A recent analysis from CryptoQuant contributor Crazzyblockk has shed some light on the internal dynamics influencing this price action. Binance’s Dominance and Its Market Implications In his report, titled “Divergence of Binance Taker Buy/Sell Behavior From Other CEXs — Sellers Outnumber Buyers on the Market’s Main Venue,” the analyst provides detailed insights into recent trading behaviors observed across major cryptocurrency exchanges, with a particular emphasis on Binance. The analysis highlighted a divergence between Binance and other major centralized exchanges (CEXs). While a brief spike in overall buying activity was recorded across various exchanges, Binance, which accounts for around 60% of global Bitcoin spot trading volume, exhibited a contrasting scenario. Data revealed a significant tilt towards selling, with Binance’s Taker Buy/Sell ratio falling below 1.0. This indicates a clear preference among Binance traders to sell rather than purchase Bitcoin, in contrast to the net-buy behavior observed elsewhere. Given Binance’s considerable market share, this divergence is notable. Binance’s trading volume and futures open interest typically guide broader market sentiment and price discovery. Historical data support this correlation, as past events where Binance’s market behavior diverged from other exchanges, such as in February 2024 and August 2023, resulted in notable Bitcoin price corrections of between 5% and 10% shortly thereafter. Bitcoin Current Market Dynamics and Near-Term Expectations Notably, the latest metrics illustrate Binance’s Taker Buy/Sell ratio hovering around 0.98, representing approximately a 12% decline over the past week and a 25% decline over the past month. Despite a brief surge in overall market buying activity across exchanges, with the aggregate Taker Buy/Sell ratio peaking at about 1.35, Binance’s bearish stance has dampened this bullish signal, causing the broader indicator to revert downward rapidly. This scenario suggests the possibility of heightened market volatility in the short term. The dominance of Binance’s trading behaviors potentially amplifies the effects of this selling pressure through futures market funding rates, which can intensify market moves. In conclusion, the CryptoQuant analyst wrote: Because the largest liquidity pool is net-selling, today’s aggregate uptick risks turning into a bull trap. Unless Binance’s Taker Buy/Sell flips decisively above 1.05—and stays there—expect heightened volatility and a greater probability of a near-term price decline as broader sentiment realigns with the market leader’s flows. Featured image created with DALL-E, Chart from TradingView

Log in to today's North American session recap - June 2, 2025 Today’s story was about the US dollar's weakness. Between a risk-off morning with gold racing to 4-week highs and almost everything rallying against the USD, it’s a bad day for the greenback. US Equities began the session mixed but still finished up all-around, with the Nasdaq leading the charge again—up 0.80%. Other indices around the globe also closed in the green as the sentiment got more positive. The United States Trade Representative (USTR) has announced a three-month extension to some Chinese goods until August 31, 2025 - leaving more time for different parties to reach an agreement. In Forex, all majors rallied against the USD with the NZD on top of majors at +1.30% followed by the AUD and the JPY - respectively up 1.02% and 0.85%. Oil also rallied from the bottom of its range as battles between Russia and Ukraine dominated the announcement of more supply from OPEC+. The market was also expecting a bigger hike than what was announced. Anyhow, Oil is approaching the upper bound of its range around $64 - closing up 3.88% on the session. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Ethereum has been one of the top-performing crypto assets since early April, rallying more than 100% from its cycle lows near $1,600 to a recent high above $2,700. This sharp recovery positioned ETH as a leader in the broader market’s bullish trend, even sparking renewed discussions around a potential altseason. However, momentum now appears to be fading. Over the past week, ETH has struggled to break above key resistance levels, and selling pressure is beginning to mount as global macroeconomic conditions grow increasingly uncertain. Despite these headwinds, one key on-chain signal suggests long-term confidence remains strong: data from Glassnode reveals that Ethereum’s supply on centralized exchanges has dropped to its lowest level in seven years. This trend, typically interpreted as a sign of reduced selling pressure, indicates that investors may be increasingly moving ETH to self-custody wallets, possibly in anticipation of further upside. As ETH flirts with critical support levels, this deep reduction in exchange supply could act as a stabilizing force, reinforcing the asset’s long-term bullish case amid short-term uncertainty. Ethereum Faces Key Breakout Test As Supply On Exchanges Plunges Ethereum is currently trading at a critical juncture, consolidating around the $2,500 mark after a strong rally that began in early April. Many investors believe this consolidation phase could be the calm before a breakout, potentially pushing ETH into new highs and setting the stage for a broader altseason. The recent pullback has been orderly so far, with price action respecting major support zones, and market participants remain cautiously optimistic. Despite persistent global tensions—including rising US Treasury yields and continued trade uncertainty between the US and China—Ethereum’s fundamentals appear to be strengthening. One of the most bullish signals comes from top analyst Quinten Francois, who highlighted on-chain data showing that Ethereum’s supply on centralized exchanges has now fallen to its lowest level in seven years. This development is critical because it signals a deep reduction in potential sell-side pressure. When fewer coins are available on exchanges, it typically indicates that investors are moving their holdings to long-term cold storage rather than preparing to sell. In the past, such shifts have often preceded major price surges. If demand increases while supply remains limited, the market could face a supply shock, fueling a rapid move to the upside. This setup has led analysts and traders to watch Ethereum closely, as it continues to form a base just below key resistance around $2,700. A confirmed breakout above this level, paired with the shrinking supply on exchanges, could trigger aggressive buying and potentially kick off a new phase of bullish momentum. With confidence building and long-term fundamentals improving, Ethereum’s current consolidation might just be the final pause before a major leg higher. ETH Holds Crucial Support Amid Market Pullback Ethereum (ETH) is currently trading around $2,484, showing signs of consolidation after several attempts to break through the $2,700 resistance zone. On the 4-hour chart, price action reveals a gradual decline from recent highs, with lower highs forming and ETH slipping below the 34 EMA ($2,557). This breakdown below the short-term moving averages suggests weakening momentum, while the price now hovers just above the 100 SMA ($2,559), a level that has acted as dynamic support in previous retracements. Volume has also decreased slightly during this pullback, indicating that the recent selling may lack strong conviction. However, if ETH fails to reclaim $2,550 in the next few sessions, bearish momentum could accelerate toward the 200 SMA at approximately $2,358. On the bullish side, this consolidation above $2,450 continues to show resilience, especially given the macroeconomic backdrop and market-wide volatility. If Ethereum can hold this range and reclaim the 34 EMA with strong volume, it could stage a rebound and retest the $2,650–$2,700 zone, a critical level for a breakout. Featured image from Dall-E, chart from TradingView

Gold has been rallying consequently since the Sunday open after the Trump Administration decided to appeal the US Federal Court decision to block the Tariffs on Imports. The precious metal is at the highs of the day following an ISM Manufacturing report that wahttps://www.oanda.com/kingfisher/pages/21768/unpublish/s not the best. You can read more on the Data Release here. XAU/USD is breaking out to the upside and the buying candles are strong, we are now up 2.52% on the session. Take a peek at a Gold Technical Analysis from the Daily to the Hourly timeframe. close Gold 1H Chart, June 2, 2025. Source: TradingView /media/images/Screenshot_2025-06-02_at_12.08.56PM.width-1400.png Gold 1H Chart, June 2, 2025. Source: TradingView Gold is facing the current Resistance Zone R1 mentioned on the 4H Timeframe analysis. A Inverse Head & Shoulders pattern materialized in the breakout and is pointing to a continuation of today's price action. If it the Inverse H&S completes, the Measured Move points at 3,415 to 3,420. Gold prices gapped up on the Sunday open and have mostly been in a Tight bull channel since: Almost only green candles with the few red candles not subjecting a pullback. Prices are broadly unchanged in the past two hours, momentum tends to calm after a volatile session. A rejection of the Resistance 1 Zone points at the MA 20, currently at $3,336. A continuation of the move from this morning aims at $3,415. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. 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.

Crypto pundit Crypto GEM has provided an ultra-bullish outlook for the Ethereum price, predicting that it could reach a new all-time high (ATH) this market cycle. Based on his prediction, ETH could record a 3x gain as it makes this parabolic run. Ethereum Price To Rally To $8,000 In an X post, Crypto GEM declared that the Ethereum price will go parabolic this cycle, predicting that it can reach as high as $8,000. His accompanying chart showed that ETH can reach this target by July 2026. Crypto analyst Mikybull Crypto has also stated that his targets for ETH in this cycle are between $8,000 and $10,000. In a recent analysis, Mikybull Crypto revealed that the current Ethereum price was showing a similar price action to the 2017 market cycle. Based on this similarity, he remarked that ETH might pull a higher price target to at least $8,000. Despite the altcoin’s underperformance in this cycle, the analyst has been one of those who have been confident that it will still record a parabolic rally in this bull run. In the short term, Mikybull Crypto predicts that the Ethereum price can rally above $3,000. In an X post, he stated that ETH is still coiling up within the ascending triangle. He added that the target is $3,200 on this potential breakout. He again reaffirmed this prediction in another X analysis. The analyst claimed that the same formation is playing out in a different scenario and remarked that market participants should prepare for a “melt-up.” His accompanying chart showed that the Ethereum price could even rally above $3,600 on this run-up. This would put ETH close to the psychological $4,000 price, which could pave the way for the run to a new all-time high (ATH). ETH Eyes $3,800 As Bull Flag Forms In an X post, crypto analyst Titan of Crypto predicted that the Ethereum price could rally to $3,800 as a bull flag forms. He stated that ETH just broke out and that this bullish pattern is playing out. If confirmed, the analyst remarked that the next target sits around $3,800. This is just an intermediate target as Titan of Crypto expects Ethereum to rally higher in the long run. Like Crypto GEM and Mikybull Crypto, the analyst also believes that the Ethereum price can reach $8,000 at some point. In an X post, Titan of Crypto highlighted Ethereum’s market structure and potential targets. The first target for ETH is just above $5,000, the second is just above $7,000, and the third target is $8,500. At the time of writing, the Ethereum price is trading at around $2,500, down in the last 24 hours, according to data from CoinMarketCap.

Bill Barhydt, the founder and chief executive of crypto-banking platform Abra, set Crypto-X alight over the weekend by reposting a collage of global M2-versus-Bitcoin charts first popularised by macro investor Raoul Pal and researcher Julien Bittel. “I’ve seen over a dozen posts with different versions of the global liquidity M2 vs Bitcoin price chart – I’ve attached several here. Credit @RaoulGMI and his colleague @BittelJulien for discovering the trend,” he wrote. “Most of these charts predict a dip over the coming days to around $100 k and then a move to new ATH of $130 k in August/September … Or this could all be horseshit. Whatever.” Will Bitcoin Follow M2? Expanding on the macro backdrop, Barhydt argued that “global liquidity needs to rise significantly in the coming months. Bitcoin remains the mother of all liquidity (re: debasement) sponges.” He framed the asset’s reflexivity in stark terms: as fiat supply grows, Bitcoin absorbs the monetary excess, and the resulting gains “will most likely spill over into other L1 platforms and then ultimately speculative alts – the proverbial alt season.” Even so, he cautioned traders against complacency. “Watch your leverage, touch grass and please please be civil,” Barhydt advised, noting that the anticipated pull-back could be a gentle pause or a swift capitulation toward $95,000 before any summer rally materialises. When a follower fretted that the model might already be overcrowded, Barhydt dismissed the idea that positioning had reached critical mass: “I’ve thought about that but we’re talking about trillions of dollars and billions of people. There might be thousands of people focused on this but not more. Even then retail writ large isn’t focused on crypto right now.” A second critic complained that the liquidity data “is not collected on a timeframe that would predict daily moves.” Barhydt concurred, replying: “I completely agree. Hence the ‘whatever’ reference. It’s macro directional on a weekly scale at best. But in that regard it’s been a very good tool.” The liquidity-first thesis still has heavyweight backers. Pal recently told Real Vision subscribers that “liquidity is the single most important driver of all asset prices,” estimating that rising world-money supply accounts for up to 90% of Bitcoin price action, while Bittel’s latest update pegs global M2 near a record $111 trillion – a level he says leaves Bitcoin “still going higher.” Whether those macro tailwinds propel Bitcoin to the $130,000 target or prove, in Barhydt’s own words, to be “horseshit” will depend on how briskly central banks resume balance-sheet expansion and how aggressively traders deploy leverage in the weeks ahead. For now, Barhydt’s call serves as both roadmap and reality check: the next swing could be explosive, but the model is only as good as the liquidity it tracks. At press time, BTC traded at $104,625.

Ivanhoe Mines (TSX: IVN) has laid out plans to dewater the Kakula copper mine in the Democratic Republic of the Congo that could result in a return to operations as early as this month. Its shares rebounded on the update. The underground mine, part of the larger Kamoa-Kakula copper complex in the DRC, was temporarily suspended on May 18 following seismic activity that resulted in severe flooding. The complex is Africa’s largest copper-producing operation, with majority ownership split between Ivanhoe and China’s Zijin Mining (39.6%) at 39.6% each, while the DRC government holds a 20% stake. Despite conflicted reports over the potential damage by the joint venture partners, mining analysts have said the mine should be able to resume once the necessary dewatering and remediation efforts are completed. In a press release issued Monday, Ivanhoe said its engineering team is working on a dewatering plan that would see the western side of the mine, which remains dry, to return to operations later this month. The eastern side, where the initial seismic activity occurred, will restart once the entire dewatering process is complete, the Canadian miner added. The dewatering plan comprises two stages: 1) installation of temporary underground pumping infrastructure to stabilize and maintain current water levels; and 2) installation of high-capacity, surface-mounted pumps and new permanent infrastructure to fully dewater the underground mine. Ivanhoe said its team has already completed Stage 1, resulting in a pumping capacity of 4,400 litres per second, enough to manage water inflows. Stage 2 is currently underway, with four surface pumps ordered to add 650 litres per second of capacity each. Delivery and installation of these pumps are expected within 90 days, the company said. Ivanhoe Mines’ shares rose as much as 7.5% to C$11.56 on the update, the highest since the week it announced the mine suspension. The rally sent the miner’s market capitalization back above C$15 billion. Meanwhile, the near- and long-term plans to resume operations at Kakula are currently being updated, according to Ivanhoe. The management team and joint venture partners are conducting a geotechnical assessment, the results of which are anticipated next week. Operation status Also in its press release, Ivanhoe said its Phase 1 and 2 concentrators are still processing surface stockpiles at half of their combined capacity, and ore from the western side of the Kakula mine will be fed into these concentrators once underground operations restart. Since mining operations began at Kakula in 2021, crews have completed over 18 months’ worth of underground development ahead of the mine plan. This extensive advance development provides significant operational flexibility, allowing access to multiple production areas as they are deemed safe for re-entry, Ivanhoe noted. Operations at the Kamoa underground mine and the adjacent Phase 3 concentrator remain unaffected and continue as normal, it added.

A Malian court has, for the third time, postponed a hearing on whether to place Barrick Gold’s (TSX: ABX; NYSE: GOLD) Loulo-Gounkoto gold complex under provisional administration, Reuters reported on Monday. The decision has been delayed until June 5, according to Issa Aguibou Diallo, a judge at Bamako’s Tribunal de Commerce, who made the announcement during proceedings without providing a reason. Shares of Barrick rose 5.8% to C$27.84 on the Toronto Stock Exchange on Monday, giving the company a market capitalization of approximately C$47.85 billion ($34.89 billion). The Canadian mining giant has been embroiled in a legal dispute with the West African nation over taxes and ownership following the suspension of operations at the complex in January. Operations were halted after the government seized approximately three tonnes of gold, accusing Barrick of failing to meet its tax obligations. Since early November, authorities have blocked the company’s gold exports. Barrick has stated it will only resume operations once the Malian government lifts restrictions on exports. In May, the government—which holds a stake in the complex—requested that the Bamako Commercial Court appoint a provisional administrator to take control of the mines amid ongoing negotiations. A major point of contention remains Mali’s demand that Barrick transition to the country’s 2023 mining code. The government has already renegotiated agreements with other multinational miners under the new legislation, according to two sources cited by Reuters. Tensions escalated further after four Barrick employees were detained in November 2024, and an arrest warrant was issued for CEO Mark Bristow in December. While Barrick has publicly rejected the charges, it has not detailed them. A court document reviewed by Reuters lists alleged offenses including money laundering and the financing of terrorism. Barrick is currently spending about $15 million per month on maintenance and salaries while losing an estimated $1.24 billion annually in revenue due to the suspension. The company, which described the shutdown as “reluctant,” has removed the Loulo-Gounkoto complex from its production forecasts until at least 2028. (With files from Bloomberg and Reuters)

Listen, I don’t care if you’re 22 or 62—if you’re not thinking about diversifying into gold right now, you’re not playing the retirement game to win. And guess what? Smart doesn’t matter if you’ve lost all your money. Let’s break a gold ira down. Macro Reality Check: The Dollar Is a Liar We’ve printed so much money it’s a joke. Literally. Go on eBay right now—you can buy a $100 trillion Zimbabwe bill for five bucks. Why? Because paper is only worth what people believe it’s worth. Belief changes. Reality doesn’t. Now let’s talk about Gold. It’s been valuable since people were fighting with spears. Pharaohs wanted it. Spanish explorers died for it. Central banks hoard it. It doesn’t rust. It doesn’t vanish in a stock market crash. It doesn’t care about inflation. It’s the tortoise that always wins the race. Inflation is the Silent Killer—and Gold Punches It in the Mouth Everyone’s freaking out about gas prices, rent, food costs—and yet they’re still hoarding cash in savings accounts earning 0.0000002% APY. STOP. DOING. THAT. Inflation is compounding against you. Gold is one of the few things that actually moves in the opposite direction. It’s like financial jiu-jitsu: when the dollar gets choked out, gold flips it and stands over it, arms crossed. The System is Rigged—Gold Isn’t You think your retirement fund is safe? Think again. You’re investing in corporations that could be tanked by one bad earnings call or some TMZ scandal. But gold? No boardroom scandals. No CEO meltdowns. No quarterly BS. Just a rock-solid asset that says, “Hold me and I’ll protect you.” Let me say this as clear as I can: gold doesn’t need hype because gold is the asset. Gold is Not Old-School—It’s Smart-School You think you’re “too modern” for gold? Like crypto is the only play? Cool. But ask yourself this: when Bitcoin tanked 60%, what held steady? Gold. Don’t get me wrong—I love innovation. But I also love not losing 80% of my net worth overnight. It’s about balance. Be bullish on the future—but hedge with what’s always worked. So Why Aren’t You Buying Gold? You’ve got Apple Pay on your phone but can’t name one inflation hedge in your portfolio. You hustle 80 hours a week but have zero protection if the market tanks. That’s insanity. You know what’s smart? Getting serious about your financial security. You know what’s secure? Gold. You know when you should start? Yesterday. But today will do. Final Advise: Be Offense AND Defense I’m all about offense. Build brands. Launch projects. Scale. But gold? Gold is defense. Gold is the backup generator when the lights go out. You need both. This isn’t about paranoia—it’s about practicality. Stop listening to broke friends. Start listening to history. You don’t have to go all in—just get in the game with gold bars, gold coins or a Gold IRA by calling American Bullion. The post Stop Sleeping on Gold first appeared on American Bullion.

Ethereum is trading just below the $2,500 mark, struggling to reclaim higher ground as bearish momentum picks up across the broader crypto market. After repeated failed attempts to break past resistance, ETH now sits under heavy selling pressure, raising concerns about a deeper correction. Bulls appear to be losing control as overall market sentiment weakens amid global economic uncertainty and the persistent weight of rising US Treasury yields. Some market participants are now bracing for a significant downturn if Ethereum fails to hold above key demand zones. However, not everyone is turning bearish. Some prominent analysts maintain a highly bullish long-term view, arguing that Ethereum still has significant upside this cycle. According to Ted Pillows, Ethereum could reach $10,000 before the cycle ends. From his perspective, current price action represents a temporary dip rather than a trend reversal, and accumulating during weakness is the smarter move for long-term investors. While short-term uncertainty dominates headlines, long-term conviction remains strong among Ethereum supporters who point to rising institutional interest, declining exchange supply, and the overall maturing of the Ethereum ecosystem as reasons to stay optimistic. For now, ETH’s position just under $2,500 sets the stage for a critical test in the days ahead. Ethereum Analysts Eye Breakout Potential Ethereum is currently testing a crucial support level at $2,500 after repeatedly reaching the $2,700 resistance over the past few weeks. This zone has proven difficult to break, but bulls are still holding the line. If ETH manages to reclaim the upper range and close above it, analysts believe it could ignite the altseason the market has been waiting for. Despite Ethereum’s underperformance over the past year, marked by a lack of sustained momentum and significant selling pressure, the recent price action suggests a shift. Over the past few weeks, ETH has entered a more bullish phase, supported by increasing on-chain activity and stronger demand. Some analysts remain firmly bullish. Ted Pillows, for example, has projected that Ethereum is headed above $10,000 this cycle. While short-term volatility may cause concern, long-term conviction remains strong. For many investors, the message is clear: embrace the dips, accumulate strategically, and avoid panic selling. Technical sentiment across the board is turning cautiously optimistic. Market watchers point to Ethereum’s resilience at the $2,500 level as a sign of building strength. If this support holds and bulls step in with volume, the breakout above $2,700 could be swift and aggressive. ETH Tests Key Support As Bulls Defend $2,500 Ethereum is currently trading around $2,488 after a 2% daily drop, showing continued weakness below the crucial $2,700 resistance zone. The chart highlights a clear consolidation range forming since early May, with ETH repeatedly failing to close above the 200-day SMA, currently around $2,680. This long-term moving average is acting as a significant barrier, preventing any breakout momentum from gaining traction. Support remains at the lower boundary of the range near $2,470–$2,500, where buyers have consistently stepped in to absorb selling pressure. This area coincides with the 34-day EMA at $2,386 and the 100-day SMA just below current levels, forming a dense cluster of technical support. However, volume has been declining, suggesting that neither bulls nor bears have clear control. If Ethereum loses the $2,470 level decisively, the next key area to watch lies near $2,300, where the 50-day SMA could act as a cushion. Conversely, reclaiming $2,700 with strength could signal the beginning of a larger move to the upside. Until then, ETH remains stuck in a range, and traders will be watching closely for a decisive break—up or down to define Ethereum’s next major trend. Featured image from Dall-E, chart from TradingView

Gold prices rallied to a near one-month high on Monday, as a combination of geopolitical risks and economic uncertainty fuelled investor demand for safe-haven assets. Spot gold surged 2.6% to about $3,377 an ounce by 11:00 a.m. ET, its highest since the first week of May. US gold futures also gained 2.6%, trading at just above $3,400 an ounce in New York. Meanwhile, the US dollar fell about 0.6% against other currencies, making bullion less expensive to buyers. Stocks also fell as renewed Sino-American trade conflicts bubbled and investors braced for a packed week of economic and political cross-currents, including a critical US jobs report. “The latest tariff threats on Friday, including plans to double steel and aluminum tariffs to 50% along with Ukraine’s weekend attacks deep into Russia, have heightened geopolitical risks and are fuelling risk-off sentiment,” said Peter Grant, vice president and senior metals strategist at Zanier Metals. Tensions between Washington and Beijing returned to the fore after US President Donald Trump accused China of violating their trade truce. China, however, denied those claims and hit back with accusations of its own. US Treasury Secretary Scott Bessent on Sunday signalled a possible call soon between Trump and China’s President Xi Jinping to sort out the trade issues. Investors are also closely watching for comments from Fed Chair Jerome Powell and other policymakers this week for clues on the US rate path. Between fresh trade war fears, fiscal uncertainty and US debt ceiling concerns, the backdrop is ripe for volatility, Fawad Razaqzada, market analyst at City Index and FOREX.com, said in a note. “For the gold forecast, this backdrop of risk aversion and fiscal uncertainty couldn’t be more favourable,” he said. Elsewhere, silver — gold’s sister metal — rallied by more than 4% on rising investor demand for safe havens.

Trading in the region of ~0.81694, a decisive move in this morning’s trading sees USD/CHF surpass monthly lows and break previously held consolidation to the downside. Amidst an increase in general safe-haven demand, trade tariff uncertainty, mixed US economic data, and a dovish stance from the SNB weighs on dollar-franc price action. USD/CHF: Key Takeaways Breaking down in this morning’s trading, USD/CHF trades 0.71% lower, facing further selling pressure amid an increase in demand for safe-haven assetsUS trade policy, especially regarding uncertainty on future inflation and economic growth, is adding to USD/CHF selling pressureWhile the Federal Reserve remains committed to a ‘wait-and-see’ approach to monetary policy, the SNB has openly discussed negative rates to combat deflationary pressures, potentially limiting franc upside close A chart showing the recent price action of USDCHF. OANDA,TradingView, 02/06/2025 /media/images/USD-CHF-1-02.06.2025.width-1400.png A chart showing the recent price action of USDCHF. OANDA,TradingView, 02/06/2025 USD/CHF: Technical analysis In today’s session, USD/CHF has broken previously held consolidation to the downside and trades at 40-day lows. If bearish momentum continues, bears will likely target ~0.81326, then ~0.81000 before an attempt on yearly lowsShould today’s daily candle maintain or close lower in price than current levels, the 12-26 period MACD will become decisively bearish, suggesting short-term price movement is returning to the long-term downtrend Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. 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.

Copper prices surged nearly 6% on Monday, supported by a weaker dollar and investor concerns over potential US tariffs on copper imports. On the COMEX, copper for July delivery rose 5.8% to $4.949 per pound ($10,887 per tonne). The rally followed President Trump’s announcement late Friday that the US will double tariffs on steel and aluminum to 50%, starting this Wednesday. Benchmark three-month copper on the London Metal Exchange (LME) was up 0.7% at $9,572 per metric ton as of 07:06 GMT. China’s commodity markets were closed on Monday for the Dragon Boat Festival holiday. The dollar edged lower, paring gains from last week, as markets assessed the potential growth and inflation risks stemming from President Trump’s latest tariff policy. China’s manufacturing activity contracted in May for a second consecutive month, according to an official survey released Saturday, fueling expectations of further stimulus to support the economy amid a protracted trade war with the United States. (With files from Reuters) Copper and the new resource spheres of control MINING.COM and The Northern Miner mapped global copper production through a geopolitical lens, dividing the world into five “spheres of control”: American, Chinese, Russian, Coalition of the Willing, and Undrafted. These groupings reflect geographic, social, cultural, and economic ties—as well as potential alignments in an increasingly polarized world. Explore the full infographic:

Traders are leaning bullish on the gold futures price, with the GC00 curve steepening, according to Correlation Economics. Gold’s dip during the U.S.-China trade war earlier this year wasn’t a flight from safety—it was a byproduct of a stronger dollar and a broad risk rally that lifted the S&P 500 15% off its lows. “Gold actually has properties — you can use gold for all sorts of things. People value gold for the metal. Nobody values bitcoin for the bitcoin; they value it because they believe that they can exchange it for something else.” — Peter Schiff, guy who would trade his wife for gold So what’s a better hedge against inflation: Bitcoin or gold? Truth be told, neither protect you from inflation. Everyone today is completely confused as to what inflation is. The problem is that if you don’t understand this simple point, then you’re not going to understand the long-term value of cryptocurrency, gold, or even stocks. Here’s what you should know: 24h7d30d1yAll time Crypto is NOT a Hedge Against Inflation Bitcoin and Ethereum aren’t insurance policies against inflation—they’re bets against fiat debasement. Inflation isn’t just about printing money. It’s what happens when supply chains fracture, wars break out, or demand outpaces production. The Federal Reserve printing dollars doesn’t automatically spike prices at the grocery store. What it does do is pump financial assets—stocks, crypto, housing—because that’s where the liquidity lands. (Source) Sure, you shouldn’t print too much money — like the Federal Reserve printing 1/4 of the total supply of dollars ever— but the main factor in inflation isn’t the printing of money, it’s the supply and demand of goods. They think that a rampant inflation crisis will cause the price of gold to go up. This isn’t the case. When it comes to out-of-control inflation, nothing can protect you. Gold Is Worth Slightly More Than It Was 40 Years Ago Bitcoin tends to move with tech stocks. So, for perspective, here’s how a $1 investment in different asset classes back in 1802 would’ve played out: Source Gold is acceptable as a complement to your stock portfolio. That’s it. The only excuse for making it your primary asset is by being schizophrenic with a hard-on for armageddon. It’s probably why Peter Schiff’s top videos are “Stock up this could get very ugly” or “We’ve never seen anything like this” or “We’re about to suffer much worse than I thought.” So what about Bitcoin and Ethereum? In a world where inflation eats wages and savings earn less than your local vending machine, crypto offers a counterweight. Not because it’s trendy, but because the top cryptocurrencies like Bitcoin, Ethereum, SOL, SUI, and others don’t bend to policy whims. Scarcity is built in. Supply is capped. And as more people find reasons actually to use these networks, the pressure only builds—this time in the right direction. Source In a world of unhinged economic uncertainty, including a Federal Reserve that controls the economy like a dictatorship and banks that promise you’ll own nothing by 2030, it’s good to have a store of value that can’t be debased. That’s what crypto is. And that’s why it’s stronger than ever in the summer of 2025. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Traders are leaning bullish on the gold futures price, with the GC00 curve steepening, according to Correlation Economics. In a world where inflation eats wages and savings earn less than your local vending machine, crypto offers a counterweight. The post Is Gold Futures Price A Better Investment Than Bitcoin Now? appeared first on 99Bitcoins.

Silver prices marched past the $34-an-ounce mark on Monday as market sentiment soured over the weekend in the wake of renewed US-China trade tensions. Spot silver traded as high as $34.31 per ounce during the session, for a gain of more than 4%. Comex silver futures also rose 4.5% to $34.51 an ounce. Driving the rally were heavy inflows into hard assets as the markets digested a potential re-escalation in Sino-American conflicts, which began last week when US President Donald Trump claimed China had violated their trade truce. Beijing later denied Trump’s accusations, stating it was Washington that provoked frictions between the world’s two superpowers by reneging on their previous agreement. The dragged-out trade dispute boosted the appeal for safe havens including silver, which has gained about 14% so far this year.

The US Dollar is beginning the week on a tough note as the White House appealed the Federal Court decision to block US tariffs - which has also dampened the risk-appetite on the week. All majors are higher with the Asian-Pacific currencies leading the charge - NZD and JPY are both up above 0.80% against the USD in the morning session. Gold is also much higher +2.40% on the day, with Bitcoin and Stock Indices down (though not by too much). Let's dive into a DXY Analysis starting from the Monthly timeframe. Read More: Markets Today: Sentiment Takes a Hit on Trump's Latest Tariffs Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. 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.

Teck Resources (TSX: TECK.A; NYSE: TECK) said a mechanical issue at its Carmen de Andacollo open-pit mine in Chile will force production to be halted for about a month. The unplanned downtime – caused by a maintenance shutdown of the SAG mill – will have no material impact on 2025 output, Teck said Monday in a statement. Carmen de Andacollo will mitigate the effect of the interruption by rescheduling some plant maintenance work to coincide with the halt, Teck said. Teck said it expects Carmen de Andacollo, which accounts for about 10% of consolidated 2025 copper output, to produce 45,000 to 55,000 tonnes of the metal this year as forecast. One month of unplanned downtime could reduce 2025 earnings before interest, taxes, depreciation and amortization by less than C$20 million, National Bank Financial mining analyst Shane Nagle said in a note. Rescheduling the planned maintenance should help to make up the shortfall in the second half, he said. QB port Teck also announced an unrelated temporary outage of the shiploader at the Quebrada Blanca port facility in northern Chile. Repairs to the shiploader should also take about a month, Teck said. Operations at the Quebrada Blanca mine and plant continue normally, Teck said. Since the operation can ship via alternative ports, there should be no material sales impact from the outage, the company said. Teck has said it expects Quebrada Blanca to produce 230,000 to 270,000 tonnes in 2025. Overall, the company is aiming to produce between 490,000 and 565,000 tonnes of copper this year. “Demonstrating operational improvements at Quebrada Blanca throughout the second half is required to support a re-rating,” Nagle said. Teck’s Class B shares were little changed at C$50.93 apiece in morning trading Monday in Toronto. That gave the company a market capitalization of about C$25 billion.

Keeta crypto (KTA) has broken out overnight, surging +25% as the Base chain project continues its run as one of the strongest-performing tokens in 2025. With Bitcoin consolidating nicely at around $103k, altcoins are being given room to run, with KTA and GIZA being two of the best-looking plays right now. Another Base project, Giza (GIZA), has been showing signs of a Keeta-style breakout in recent weeks, with many wondering which of KTA or GIZA is the best Base Chain play. Giza (GIZA) is the latest utility play on Base chain, seemingly catching everyone’s attention. Unlike Keeta crypto, launched over three months ago, GIZA only went live on May 20, with disappointing price action right out of the gate. Due to 13.8 million GIZA tokens being airdropped to early protocol participants, heavy sell pressure resulted, and the price dropped from around $0.11 to $0.037 as airdrop recipients began taking profits. This is a common occurrence for any new crypto launch that coincides with an airdrop alongside its TGE (token generation event). GIZA was no different. However, 3 days later, on May 23, GIZA found its bottom and surged over 400% to $0.177 before a fresh dip to $0.08 as airdrop recipients began taking profits again. With sellers seemingly exhausted, GIZA has since formed a bullish structure on LTF and HTF and is now back trading at around $0.17. GIZA is an innovative concept on the Base chain, providing infrastructure to build and launch AI Agents to create DeFi trading strategies for users. During its early funding rounds, GIZA received investment from Coinbase, Arrington Capital, and the Base Ecosystem Fund, among many others. Over $8 million was raised during the pre-seed round in 2023. With GIZA’s market cap of just $11.5 million at current prices, many traders are eyeing it as the perfect beta play to Keeta. KTA has already experienced a parabolic run over the past month, leading many to believe it may have run out of juice, at least in the short term. If this proves to be true, new base-chain utility plays such as GIZA may attract a bid from KTA holders who are rotating profits into fresh plays. This can actually be proven when looking at some of the top GIZA holders. Many of the top wallets holding GIZA either hold KTA too or have rotated from Keeta crypto into GIZA. DISCOVER: Best New Cryptocurrencies To Invest In 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Keeta Crypto Spikes +25% Overnight: Is KTA or GIZA The Best Base Chain Play Right Now? appeared first on 99Bitcoins.

Most Read: Markets Today: Sentiment Takes a Hit on Trump's Latest Tariffs, Gold Rises, DAX Slips The ISM Manufacturing PMI in the U.S. dropped to 48.5 in May 2025, down from 48.7 in April and below the expected 49.5. This marks the third straight month of decline in the manufacturing sector and the biggest drop since November 2024, showing growing economic uncertainty and ongoing cost pressures, partly due to unpredictable trade policies under the Trump administration. close Source: TradingView /media/images/US30USD_2025-06-02_15-44-07.width-1400.png Source: TradingView 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. 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.

Bitcoin’s bullish momentum has somewhat faded after reaching an all-time high of $111,000 on May 22, casting doubt on the sustainability of the rally. Bitcoin has pulled back slightly after its record-setting push, and analysts are split on what this means for its price action going forward. Interestingly, not everyone is convinced the recent all-time high reflects genuine strength. One of the most notable voices challenging this is certified crypto expert Tony “The Bull” Severino, who warned that Bitcoin’s move may not be as solid as it looks on the surface. In his assessment, Tony Severino argues that the breakout to $111,814 lacks the technical confirmation usually associated with a true bullish breakout. He noted that while BTCUSD did print a new high, other major trading pairs did not follow suit. Failed Breakout Indicates Weakness Rather Than Strength Particularly, Bitcoin failed to reach a new all-time high against currencies such as the Euro, British Pound, Japanese Yen, and the Swiss Franc. The same applies to BTC/XAU, Bitcoin’s price measured against gold, which currently lags far behind its former peak of 41 ounces per Bitcoin. At the time of writing, that pair is still hovering at 32 ounces, a significant difference that suggests the upward momentum is isolated to the US Dollar. This divergence leads Severino to argue that the move could be a byproduct of the USD’s weakness rather than Bitcoin’s strength. A true bullish breakout, he says, would have been evident across multiple currency pairs and asset benchmarks. His skepticism is further reinforced by the structure of the charts, as seen in the six comparative panels he shared on the social media platform X. Most of them show Bitcoin forming lower highs or simply failing to match the previous all-time level. For instance, Bitcoin priced in euros is still well below its peak of €105,890, currently trading around €93,229. Similarly, Bitcoin has failed to breach the 17 million mark against the Japanese Yen and now sits at ¥15.28 million. The same trend is repeated in the Swiss Franc and British Pound pairings, with BTC / Swiss Franc failing to cross 99,254 and BTCGBP forming a lower high at $78,228. These price actions make it difficult to argue that Bitcoin is in a universally strong position, particularly when measured in anything other than USD. Caution With Next Monthly Candle Open In conclusion, Tony Severino warns traders and investors not to be misled by the surface-level optimism that comes with a new all-time high in BTCUSD. A single breakout, especially one lacking confirmation from cross-pair strength and fundamental indicators, does not necessarily signal the start of a new wave five or a sustained bullish trend for the Bitcoin price. According to him, the May monthly candle close and the June monthly candle open will be important in determining the next direction. If the current indecision tilts bearish, technicals could teeter back bearish towards a larger correction. At the time of writing, Bitcoin is trading at $104,850 after reaching a 24-hour low of $103,832. This is a brief recovery from its June open of $104,646.

Key pitfalls that can derail your forex trading journey Trading strategies to safeguard your capital from day one 8 Rookie Mistakes Every New Forex Trader Should Avoid Entering the forex market can feel like striking gold—leverage promises big returns, and success stories abound. Yet without discipline, structure, and risk management, most new traders burn out before mastering the craft. Avoid these eight common rookie mistakes to fast-track your journey from demo accounts to consistent profitability. Mistake 1: Guessing Instead of Planning Why it hurts: “Punting” or making unplanned, random trades based on a hunch is gambling, not trading. Markets can reverse in seconds—one lucky guess won’t overcome repeated mistakes. How to fix it: • Develop a clear trading plan with defined entry, exit, and risk parameters. • Backtest your strategy on historical data before going live. • Treat each trade like a business decision, not a coin flip. Mistake 2: Lack of Consistency Why it hurts: If your results swing wildly—big wins one week, heavy losses the next—you can’t build capital or confidence. How to fix it: • Trade the same setup every day until you master it. • Keep position sizes uniform relative to your account. • Review your trading journal weekly to spot patterns and improve. Mistake 3: Trading With Emotion Why it hurts: Fear and greed drive impulsive entries and exits, chasing losses or holding winners too long. How to fix it: • Be disciplined with your stop loss and take-profit orders. • Use pre-trade checklists: only pull the trigger when all conditions are met. • Practice mindfulness techniques to stay calm under pressure. Mistake 4: NOT Treating Trading as a Business Why it hurts: Treating forex like a casino leads to short-term thinking, chase-and-basing trades on hope rather than a systematic approach. How to fix it: • Set monthly and quarterly goals for returns, drawdowns, and skill development. • Track expenses, commissions, and net profit—just like a P&L statement. • Continually invest in education: courses, books, and mentorship. • Use this article as a guide: How to Turn Your Trading Into a Business Mistake 5: Ignoring Experience and Starting Too Big Why it hurts: Jumping in with large capital or real money before you’re ready often leads to account blow-ups. How to fix it: • Begin with a demo account or micro-lots to learn platform mechanics. • Gradually scale your position size in line with your growing skill set. • Expect losses—view them as tuition in your trading education. Mistake 6: Overcomplicating Your System Why it hurts: Too many indicators, expert advisors, or conflicting signals can cause paralysis by analysis. How to fix it: • Embrace the K.I.S.S. (Keep It Simple, Stupid) principle. • Focus on 1–2 reliable indicators (e.g., moving average crossovers, RSI). • Build rules around price action and clear chart patterns. Mistake 7: Not Using Stop Losses Why it hurts: Trading without a stop loss exposes you to unlimited downside. One sudden spike up or down can turn a profit into a loss. . How to fix it: • Always set a stop loss based on technical levels (support/resistance, ATR). • Risk no more than 1–2% of your account on any single trade. • View stops as protection, not as “giving up” on a trade. Imagine trading on the wrong side without a stop? (USDJPY 1 hour chart) Mistake 8: Ignoring Larger Timeframes Why it hurts: Focusing exclusively on 5- or 15-minute charts can lead you to fight the dominant trend, resulting in frequent false breakouts. How to fix it: • First, analyze the daily or 4-hour chart to identify the primary trend. • Then, time your entries on shorter timeframes in alignment with that trend. • Be aware of chart levels that would continue or reverse the major trend. • Put short-term price action in perspective, whether it represents consolidation, retracement, trend or reversal/breakout of major trend Overcoming Rookie Trading Mistakes If this list resonates, you’re already on the path to improvement. Forex trading is not a shortcut to quick riches. It demands a methodical, business-like approach. Start small, keep your plan simple, manage every risk, and maintain emotional discipline. Over time, these habits build the foundation for consistent profitability with potential for long-term success in the world’s largest financial market. Take a FREE Trial of The Amazing Trader – Click HERE