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  • Hyperliquid price forecast as HYPE sees pullback after hitting all-time high

    Hyperliquid price forecast as HYPE sees pullback after hitting all-time high

    Hyperliquid Price

    • Hyperliquid price jumped to a new all-time high above $51.
    • The token broke higher as HYPE bulls held above a major ascending trendline.
    • While price is down 4% from the ATH and hovers near 48, analysts predict further gains.

    Hyperliquid (HYPE) stood out among top cryptocurrency performers this week as the native token of the high-performance layer-1 blockchain rose to a new all-time high above $51.

    But can bulls hold prices above a key trendline and enter price discovery?

    Hyperliquid pares gains after bulls reach new ATH

    HYPE has been on a tear, climbing to an all-time high of $51.07 on August 27, 2025, fueled by a slight crypto market bounce that saw Bitcoin flip to above $113k from under $110k.

    The gains came as stocks edged higher ahead of Nvidia earnings, and then futures surged after the AI chip giant posted a revenue beat.

    With weekly gains exceeding 18%, Hyperliquid outpaced many top cryptocurrencies and stormed to its new ATH.

    Having captured the crypto market’s attention with spot volumes hitting daily peaks above $3.5 billion, HYPE token’s price jumped more than 17% in the past week.

    This saw the 16th-ranked altcoin hit highs of $51 across major exchanges.

    CoinGecko data shows the altcoin’s price managed a 1,174% rally from its all-time low of $3.81 reached in November 2024.

    Whales are aggressively buying HYPE.

    On-chain activity, with Hyperliquid’s decentralised exchange recording new highs in daily trading volume and fees, helped bulls.

    Institutional adoption, highlighted by spot exchange-traded fund anticipation and support by BitGo and Anchorage Digital Bank, has been a key catalyst.

    Hyperliquid price forecast: Is $100 next for HYPE?

    The broader crypto market bounce, with Cronos (CRO) jumping on Trump Media news, also helped HYPE drive higher.

    Analysts now say Hyperliquid price could extend gains in the coming months, with bulls likely to see triple-digit moves as they eye $100 and higher.

    However, HYPE has pulled back slightly, with profit-taking currently seeing the token hover above $48.

    Despite the pullback, market sentiment remains optimistic, supported by Hyperliquid’s dominance in the decentralised perpetuals market.

    HYPE chart by TradingView

    The daily chart above shows the technical outlook for HYPE is largely bullish as the token holds above a key ascending trendline.

    It signals sustained buyer demand, with the Relative Strength Index (RSI) above 57 to suggest that momentum favours the bulls.

    The daily MACD also shows a bullish crossover, with the histogram’s green bars strengthening.

    If HYPE regains upside traction, analysts believe it could enter price discovery mode, potentially targeting $100 in the coming months.

    As noted, a broader market downturn could push HYPE toward support levels, with demand reload zones around $42 and then $30.

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  • Synthetix price soars 20% amid volume spike: here’s why

    Synthetix price soars 20% amid volume spike: here’s why

    • Synthetix’s native token SNX spiked more than 20% in 24 hours to hit $0.79.
    • Daily volume rocketed 700% to over $147 million, with Synthetix benefiting from a broader crypto bounce.
    • The Synthetix network’s move to launch its perps DEX on the Ethereum mainnet has helped SNX price.

    Synthetix (SNX), a decentralized futures protocol with trading support on Ethereum, has seen its price surge by 20% within the last 24 hours as Bitcoin leads a minor bounce for the crypto market.

    The SNX token, which has climbed alongside notable gains for Ethereum, Solana and XRP, hit intraday highs of $0.79.

    Price gains for the altcoin happened alongside a significant jump in daily volume, with bulls attempting to break above a level that has previously constrained upside momentum around $0.80.

    Synthetix (SNX) pops 20% in 24 hours – here’s why

    The crypto market, still reeling from recent losses, is showing early signs of recovery as buyers attempt to regain control.

    Bitcoin has reclaimed the $110,000 mark after a sharp dip, while Ethereum has climbed back above $4,560, holding steady despite broader risk asset pressure.

    Solana has broken past $204, and XRP is eyeing the $3.70 level, both reflecting improved sentiment.

    Within this backdrop, Synthetix has surged 20%, standing out as one of the stronger performers.

    The rally comes as decentralised finance tokens show renewed strength, aided by Synthetix’s recent launch of the first perpetual exchange on the Ethereum mainnet—a development seen as a key catalyst for the token’s momentum over the past week.

    In the period, SNX price has jumped by double digits, helped by the rollout of pre-deposits and a chance for traders to get on the Synthetix mainnet alpha whitelist.

    The launch of SLP vault, a liquidity pool offering access to liquidity across all perp markets and an opportunity to rank among the first to earn SNX points, has driven a lot of the market activity for Synthetix.

    Network support for gasless trading is also a huge move for the perps DEX.

    SNX price forecast

    While SNX price hovers at $0.79 and eyes gains towards $1, the altcoin remains well off its all-time peak of $28.53 reached in 2021.

    Synthetix has also struggled since rejecting the December 2024 peak of $3.40.

    Despite this largely negative trend, analysts are seeing a short-term bullish flip for Synthetix’s price.

    If SNX successfully takes out the resistance at $0.80 and $0.85, bulls could eye the $1 mark.

    Synthetix chart by TradingView

    Technical indicators on the daily chart support this outlook. The Relative Strength Index (RSI) is at 57, signalling potential for continuation.

    Meanwhile, the Moving Average Convergence Divergence (MACD) is signalling a strengthening of upward momentum after a bullish crossover.

    However, volatility remains a concern, and the $0.60 zone could offer support if bears pick up the advantage.

    Traders taking profit or whale activity taking hold will be a key watch in the coming days for Synthetix, particularly after its 20% surge.

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  • Litecoin price forecast: what next as LTC drops to key support?

    Litecoin price forecast: what next as LTC drops to key support?

    Litecoin Price Bulls Vs Bear

    • Litecoin trades near $112, just in the green on the day but at risk of fresh losses.
    • The LTC price hovers at key support level as bulls attempt to hold bears off.
    • Bullish crypto market and catalysts such as spot Litecoin exchange-traded funds could help LTC go higher.

    Litecoin (LTC) is trading at $112, about 2% up in the last 24 hours, but in the red over the past week and month time frames.

    Meanwhile, the 24-hour trading volume of $694 million is more than 22% down on the previous day as top altcoins look to bounce.

    As LTC price drops towards the $110 level, can bulls hold onto gains or is the altcoin poised for a revisit of the psychological $100 mark and lower?

    Litecoin price forecast: Is LTC set for a revisit of $90 next?

    Litecoin price has broken below the middle line of an ascending channel pattern. Price at $112 suggests a broader crypto pullback could accelerate LTC’s dip to support at $100 and possibly to $90.

    The technical indicators on the daily chart support a likely flip lower, with RSI and MACD giving sellers the upper hand.

    Litecoin Price
    Litecoin chart by TradingView

    Open Interest has also dropped slightly, down to $994 million from the record highs of $1.27 billion hit recently as LTC spiked.  OI in Litecoin futures does notably remain higher than the lows of $800 million seen in early August.

    A break above $120 could thus allow bulls to test the upper channel barrier near $140 and aim for the psychological $200 mark.

    While the Moving Average Convergence Divergence (MACD) indicator shows a bearish crossover from mid-August and prints red histogram bars, a mixed setup has other indicators signaling potential resilience.

    For instance, the Relative Strength Index (RSI) on the daily chart sits at 46, but is upsloping to suggest buyers could keep off a fresh dip towards the oversold territory.

    If RSI pops above the neutral point of 50 and market conditions align, LTC could see the above scenario play out.

    What could help Litecoin price higher?

    Network growth, including a significant hashrate spike, suggests confidence in the proof-of-work coin.

    This and market sentiment point to a scenario where bulls ride the overall crypto uptick in the coming months to drive higher.

    The upcoming approval of spot ETFs, with Litecoin among those with notable high odds of a nod, add to this outlook.

    In this case, the SEC’s October 2025 decisions on spot Litecoin ETFs from Grayscale, Bitwise, and CoinShares, which carry a 90% approval probability, per Bloomberg analysts, could be huge catalysts.

    Experts say a SEC approval for LTC spot ETFs could drive institutional inflows of up to $500 million in Litecoin at launch, printing the trajectory that saw Bitcoin’s price rally to new highs in early 2024.

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  • ETH outperforms BTC by 26% as a structural shift grips the crypto market

    ETH outperforms BTC by 26% as a structural shift grips the crypto market

    ETH outperforms BTC by 26% as a structural shift grips the crypto market

    • Traders now see a 26% chance of ETH hitting 5,000 dollars this month.
    • A “major liquidity floor” for ETH is being built by institutions.
    • ETH has gained 20% in 30 days, while Bitcoin has fallen 6%.

    A tectonic shift is reshaping the cryptocurrency landscape. While Bitcoin, the long-reigning king, stumbles under the weight of fading momentum and massive liquidations, a powerful rebellion is brewing.

    Ethereum is leading the charge, its price buoyed by a torrent of institutional capital and a fundamental re-allocation of liquidity that has traders now seriously betting on it conquering the coveted 5,000 dollar milestone this month.

    The growing conviction is quantifiable. On the prediction market Polymarket, the odds of ETH hitting 5,000 dollars have surged to 26%, a dramatic climb from just 16% a few days ago.

    This is not a rally built on fleeting hype, but on a deep and structural change in how capital is flowing through the digital asset ecosystem.

    The institutional bedrock

    At the heart of Ethereum’s ascent is a powerful vote of confidence from the market’s giants. 

    “Ethereum’s recent strength is mainly showcased by the level of flows into it, where a major liquidity floor has been built by institutions,” said March Zheng, General Partner at Bizantine Capital, in a note to CoinDesk.

    He added that the ETH/BTC price ratio was at a localized low, making a rebound overdue, and that this cycle is supported by stronger fundamentals like global stablecoin adoption and clearer regulation.

    This sentiment is echoed by industry leaders who see a market increasingly focused on real-world value. 

    “Markets react to headlines, but longer-term value is driven by fundamentals,” Gracie Lin, CEO of OKX Singapore, told CoinDesk. 

    “This is why Ethereum continues to show strength through real utility — even as prices pull back, big institutional moves like BitMine’s ETH accumulation prove there’s deep conviction in its role at the core of crypto.”

    A market in motion: the re-allocation of liquidity

    This isn’t just an Ethereum story; it’s a story about a market in motion. The market maker Enflux, in a note to CoinDesk, described a broad “structural reallocation of liquidity across the crypto landscape.” 

    Capital is actively rotating away from a stagnant Bitcoin and chasing new, emerging narratives. XRP has joined ETH in leading the majors, while assets like CRO are gaining traction following initiatives like Trump Media’s “Cronos Treasury.”

    Furthermore, the surge in trading volume on decentralized platforms like Hyperliquid, which surpassed Robinhood in July, highlights how speculative energy is now tilting toward crypto-native infrastructure.

    These are not just isolated trends; they are undercurrents of a fundamental shift in where the market sees future growth.

    The unsettled throne

    This altcoin uprising stands in stark contrast to the grim picture in the Bitcoin market.

    While trading at 111,733.63 dollars, its on-chain activity remains weak, and a staggering 940 million dollars in recent liquidations signal a dangerous fade in momentum.

    Over the past 30 days, while ETH has soared 20%, Bitcoin has fallen 6%.

    The divergence is clear, but the conviction is about to face a critical test. As Gracie Lin of OKX noted, “With new macro data like the US PCE coming in later this week, we’re about to see how that conviction holds up amidst volatility.” 

    The rebellion is underway, but the final battle for market dominance is yet to be fought.

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  • Numeraire price jumps 40% as JPMorgan commits $500m to Numerai

    Numeraire price jumps 40% as JPMorgan commits $500m to Numerai

    • Numeraire price is up 40% to near $12.40 after JPMorgan secured $500 million capacity in Numerai.
    • The NMR token jumped to highs last seen in February.
    • JPMorgan’s move sees Numerai more than double its size.

    Numeraire (NMR), the native token of the San Francisco-based crypto hedge fund Numerai, has surged more than 40% in the past 24 hours after JPMorgan announced investment in the hedge fund.

    On Aug. 26, the Numerai team announced that JPMorgan has secured $500 million in capacity in Numerai, triggering the sharp price surge. Gains outpaced Cronos (CRO), which spiked after Trump Media announced a partnership with Crypto.com.

    As NMR price broke to near $12.40, Numeraire’s daily volume jumped more than 800% to over $115 million. The token’s price reached its highest price since February.

    NMR price chart by CoinMarketCap

    JPMorgan secures $500 million capacity in Numerai hedge fund

    As the intersection between artificial intelligence and decentralised finance grows, the crypto sector has become a magnet for top collaborations.

    Numerai, the San Francisco-based hedge fund built by data scientists, is one of those in the ascendancy.

    On Tuesday, the platform revealed that it had secured a $500 million commitment from JPMorgan Asset Management, with this coming after Numerai saw its assets grow from $60 million to $450 million.

    The $500 million allocation follows Numerai’s exceptional performance in 2024, delivering a 25.45% net return with a Sharpe ratio of 2.75.

    As highlighted in Numerai’s blog, investment from JPMorgan, one of the largest allocators to quantitative strategies globally, signals Wall Street’s growing confidence in AI-powered financial models.

    The Paul Tudor Jones-backed hedge fund is set to see its assets under management more than double after this move.

    A rebound that caught Wall Street’s attention

    Numerai’s path has not been without setbacks. The firm lost 17% in 2023, echoing the struggles of other experimental quant platforms such as Quantopian, which shut down in 2020 after failing to deliver sustainable returns.

    However, Numerai rebounded with a 25% gain in 2024 and has strung together 15 consecutive months of positive performance.

    That turnaround drew the attention of institutional investors. “People don’t really want to invest until there’s a track record,” founder Richard Craib said in a Bloomberg report. “And when you’re doing something super unusual and different, like we are, they might wait even longer before they get excited.”

    So far in 2025, Numerai’s flagship fund, Numerai One, is estimated to be up about 6% net of fees, compared to a 7% return for an index of quant equity market-neutral funds tracked by Aurum.

    The fund has delivered gains in all but one year since inception, including a 20% rally in 2022 when broader markets slumped.

    Big news for NMR?

    Numerai, founded in 2019, operates a unique crowdsourced hedge fund model that leverages AI and data science.

    On the platform, global data scientists can submit stock market predictions through an API and stake NMR tokens to back their models. Successful predictions earn rewards, while incorrect ones result in token burns, creating a dynamic incentive structure.

    Additionally, Numerai has recently announced a repurchase of $1 million in NMR, a move that has the data science community excited.

    The JPMorgan partnership not only validates Numerai’s vision but also highlights the potential for Numeraire in the crypto-AI sector.

    With the hedge fund looking to scale its team and operations, the investor attention on NMR will likely be huge, particularly following this move by JPMorgan.

    NMR price reached highs above $93 in May 2021 and  $25.80 in December 2024.

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  • UAE identified as holding $700M in Bitcoin from mining operations

    UAE identified as holding $700M in Bitcoin from mining operations

    AI generated image for Bitcoin in a vault

    • According to blockchain analytics platform Arkham Intelligence, the United Arab Emirates holds about $700 million in Bitcoin.

    • Arkham traced the mining activity to Citadel Mining, which it said was established in Abu Dhabi in 2022.

    • Based on Arkham’s report and estimates from BitBo, the UAE ranks sixth among sovereign Bitcoin holders.

    The United Arab Emirates holds about $700 million in Bitcoin, primarily accumulated from mining operations, according to blockchain analytics platform Arkham Intelligence.

    In a post on X on Monday, Arkham said it had become one of the first to publicly identify the UAE government’s wallets, estimating that they contain about 6,300 Bitcoin.

    The holdings were attributed to mining conducted through Citadel Mining, a company majority owned by the government-backed International Holding Company (IHC).

    Arkham noted that, unlike the United States and the United Kingdom, where national Bitcoin holdings have largely come from police asset seizures, the UAE’s reserves are linked directly to mining.

    Speculation around the country’s Bitcoin exposure had previously suggested much larger reserves.

    Market rumors often placed the UAE’s holdings at around 420,000 Bitcoin, worth roughly $46 billion at current prices, and allegedly sourced from seizures of illicit activity.

    Those estimates, if accurate, would have positioned the UAE as the largest sovereign Bitcoin holder globally.

    Arkham’s findings, however, put the figure substantially lower.

    Mining operations tied to royal-linked conglomerates

    Arkham traced the mining activity to Citadel Mining, which it said was established in Abu Dhabi in 2022.

    The firm reported that the venture was developed in collaboration with Phoenix Group, a publicly listed UAE mining company, and the IHC.

    Arkham added that it corroborated the timeline of on-chain mining activity with satellite imagery showing the construction of the facility.

    The company said on-chain transactions between Phoenix and Citadel also matched figures disclosed in official documents.

    Based on its analysis, Arkham estimated that Citadel Mining has mined a total of 9,300 Bitcoin to date.

    Citadel Mining is 85% owned by 2pointzero, a holding entity controlled by IHC.

    The IHC itself is majority owned by the UAE Royal Group, a conglomerate led by Sheikh Tahnoon bin Zayed Al Nahyan of Abu Dhabi’s royal family, which holds a 61% stake.

    How UAE compares with other nation-states

    Based on Arkham’s report and estimates from BitBo, the UAE ranks sixth among sovereign Bitcoin holders.

    Its reserves place it behind Bhutan, which holds 11,286 Bitcoin, and ahead of El Salvador, which holds 6,246.

    The United States remains the largest holder with 198,012 Bitcoin, most of it originating from law enforcement seizures.

    China follows with 194,000, mainly stemming from its 2019 crackdown on the PlusToken scam, while the UK ranks third with 61,245.

    BitBo estimates that sovereign entities collectively hold about 517,000 Bitcoin, or 2.4% of the total circulating supply, with a total value exceeding $56 billion.

    In the corporate sector, Michael Saylor’s firm MicroStrategy is cited as the largest institutional holder, with a treasury of 629,376 Bitcoin, representing about 2.9% of the supply.

    The company continues to expand its Bitcoin reserves.

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  • Bitcoin slips below $110,000 as analysts warn of ‘brittle’ market structure

    Bitcoin slips below $110,000 as analysts warn of ‘brittle’ market structure

    Bitcoin slips below 110,000 as analysts warn of 'brittle' market structure

    • The crypto bull run is fraying as Bitcoin slips below $110,000.
    • A massive whale sale triggered over 500 million in liquidations.
    • A huge divergence: Retail is selling while institutions are buying.

    The crypto bull run is fraying at the edges, its momentum faltering in the face of a profound and unsettling contradiction.

    On the surface, the market is a picture of fragility and fear, with thinning liquidity, massive liquidations, and a Bitcoin price struggling to hold the line.



    But beneath this chaotic veneer, a different story is unfolding: one of quiet, colossal, and strategic accumulation by the world’s financial titans.

    The immediate pain is undeniable. Bitcoin is trading just below $110,000 after another failed attempt to bounce, marking a roughly 7% decline since its euphoric peak after Fed Chair Powell’s dovish speech.

    Ethereum, which briefly tasted the air near 4,900, has been sharply rejected and is now battling to hold $4,300, showing clear signs of exhaustion after weeks of outperformance.

    This weakness cascaded through the altcoin market on Monday, with ETH, SOL, DOGE, and others sliding 6-8%, triggering a brutal 700 million liquidation event that overwhelmingly punished long positions.

    A structure of glass: the anatomy of a collapse

    For many market observers, this is a textbook case of a rally running on fumes. The analytics firm Glassnode, in its latest Market Pulse, paints a grim picture of the cycle slipping from euphoria into fragility.

    They point to fading spot momentum, a stunning 1 billion swing to outflows in ETFs, and realized profits collapsing back to breakeven.

    This structural weakness was laid bare in a brutal weekend crash, the anatomy of which was traced by QCP Capital.

    They revealed that the collapse was initiated by a single early holder unloading a massive 24,000 BTC into dangerously thin liquidity.

    The sale cascaded through the market, triggering $500 million in liquidations and exposing, as QCP noted, just how brittle the system has become.

    The quiet accumulators: a different breed of buyer

    But this is only half the story. The Singapore-based market maker Enflux argues that a myopic focus on the retail washout misses the bigger picture. Not all flows, they contend, are created equal.

    While leveraged retail traders were being blown out, a different kind of player was making its move.

    Enflux points to a staggering $2.55 billion ETH stake routed through a single contract and the UAE royal family’s 700 million BTC exposure via Citadel Mining.

    These are not speculative punts; they are the deliberate, programmatic footprints of sovereign and institutional allocators. In their analysis, these giants are intentionally “using volatility to scale into size.”

    This is the great divergence: a market where the short-term conviction of the crowd is shattered, while the long-horizon conviction of the “smart money” is quietly being deployed.

    A bleak September looms?

    The problem, however, is that this long-term institutional buying does little to solve the immediate crisis of liquidity on the Bitcoin blockchain itself.

    With transaction fees collapsing toward decade lows and blocks clearing with little congestion, the network is running quiet.

    This is a critical issue for miners, who are already squeezed by the halving, and it leaves the broader market exposed and bracing for what comes next.

    As September—historically Bitcoin’s weakest month—approaches, the market is on a knife’s edge.

    The battle between the fragile, fleeing retail trader and the patient, accumulating giant will determine whether the next move is a painful consolidation or a much deeper, darker drawdown.

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  • Bitcoin drops to $111K as post-Jackson Hole bounce fades

    Bitcoin drops to $111K as post-Jackson Hole bounce fades

    Bitcoin Price

    • Bitcoin price has dropped to lows of $110,956 as gains seen on Friday disappear.
    • The downturn has accelerated amid the BTC sell-off and decline in dominance.
    • Analysts say Bitcoin can extend losses below $110k amid wider fall.

    Bitcoin’s downturn since the brief surge post Federal Reserve chair Jerome Powell’s speech at Jackson Hole on Friday has extended to below $111k.

    The benchmark digital asset has slipped more than 3% to drop to lows of $110,956 across major exchanges, with BTC struggling as the bounce that followed Powell’s comments on cryptocurrency quickly fades.

    Bitcoin’s dominance was also falling sharply, down to around 57%.

    Analysts remain bullish, but could Bitcoin price drop below $110k and trigger further losses?

    Bitcoin extends dip to $111k

    Cryptocurrencies spiked on Friday as risk assets exploded amid comments by Powell that the central bank could consider cutting rates sooner.

    However, the brief rally that followed the Jackson Hole economic symposium has since swiftly unravelled, with Bitcoin plummeting to touch lows of $110k.

    On Aug. 22, BTC saw an intraday peak of $117k – up from lows of $113k earlier in the day.

    According to QCP, the downturn to current prices comes as an early whale offloaded a substantial $2.7 billion in BTC.

    This rapid sell-off has accelerated a dip in BTC dominance, which hovers around 57%.

    Meanwhile, Bitcoin’s weakness has been evidenced by a dip in spot exchange-traded funds (ETFs) flows, with six consecutive sessions of outflows putting bulls under pressure.

    What next for BTC? Analysts’ take

    Bitcoin’s long-term trajectory remains largely bullish, and a bounce to the all-time high above $124k is not an impossibility.

    However, analysts at Glassnode are pointing to a short-term downside arc.

    Particularly, all Bitcoin cohorts, with those in the 10- 100 BTC group biggest sellers, are in a distribution phase.

    Increased selling could be bad news for bulls as a breakdown below $110k could ensue.

    But despite this outlook, analysts at QCP Group maintain that Bitcoin is bullish.

    The analysts say that despite the current sell-off, buyers can easily absorb the pressure as happened in July.

    With BTC dominance slipping, it is Ethereum that may benefit, the analysts said.

    “BTC dominance slipped from 60% to 57%. Still above the sub-50% levels of 2021, but enough to fuel speculation that whales expect $ETH to outperform, especially if ETH staking ETFs secure approval later this year,” QCP noted.

    Bitcoin price currently hovers around $111,200, bouncing off lows last seen in early July. Investors will be watching that $110k level as well as broader market conditions.

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  • Ontology price skyrockets 55% to hit six-month high

    Ontology price skyrockets 55% to hit six-month high

    • Ontology price rose more than 50% to lead the top gainers across crypto.
    • The altcoin gained as Bitcoin and Ethereum dropped, with the ONT price hitting a six-month high.
    • ONT could retreat amid profit-taking.

    Ontology has defied broader crypto dumping to skyrocket more than 55% to highs near $0.22, hitting its highest level in six months.

    The uptick for Ontology (ONT) comes as the cryptocurrency market witnesses a significant uptick in sell-off pressure, with Bitcoin dropping to under $112k and Ethereum giving up gains after a new all-time high.

    But as these top headline makers struggle, ONT is grabbing most attention amid its 55% price surge.

    Ontology price spikes 55% to 6-month high

    Ontology (ONT) has seen a remarkable 55% price surge, reaching an intraday peak of near $0.22, its highest level in six months.

    The altcoin traded at lows of $0.13 in the morning session, but marched higher to reach levels seen at the start of February 2025.

    With trading volume soaring by over 4,600% to more than $337 million, Ontology price stands out as one of the outperformers on the day.

    As BTC and ETH pare gains, Ontology’s 24-hour gains come amid heightened activity around the decentralised identity protocol’s native token.

    Mainstream adoption of artificial intelligence and blockchain has Ontology’s infrastructure for decentralised identity and data privacy, drawing significant interest.

    The project’s focus on regulatory compliance for digital identity solutions and blockchain interoperability is a key cog in its adoption curve.

    Analysts predict ONT could benefit from this outlook to target more gains.

    Ontology price forecast: What’s the technical picture?

    The price of Ontology breaking out as the rest of the market fights to hold onto recent gains suggests holders may have to deal with incoming downside pressure.

    ONT going vertical will welcome a pullback, likely to a demand reload zone.

    However, open interest in ONT has increased by over 617% to nearly $60 million.

    This indicates trader confidence and speculative interest amid the token’s upward trajectory.

    Ontology’s price outlook as open interest rises, combined with high trading volumes, suggests a potential bullish continuation.

    Ontology Price Chart
    ONT price chart by TradingView

    From a technical perspective, ONT is trading Relative Strength Index (RSI) on the daily chart at 81.

    RSI at these levels shows the asset firmly in the overbought territory and thus leaning toward a reversal.

    The Moving Average Convergence Divergence (MACD), however, shows a bullish crossover, indicating bulls have the upper hand and that a sustained rally may yet unfold if a retest allows buyers to establish a footing at key support levels.

    On the daily chart, these areas lie around $0.20 and $0.17.

    On the flipside, a break above $0.27 will allow buyers to aim for $0.40.

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  • What sparked the sudden crypto market surge?

    What sparked the sudden crypto market surge?

    What sparked the sudden crypto market surge?

    • Crypto market cap has rebounded above $4T after Fed rate-cut signals.
    • Bitcoin reserve proposals boost confidence in digital assets.
    • Ethereum and Chainlink lead altcoin rally with double-digit gains.

    The cryptocurrency market has staged a remarkable rebound, with total market capitalisation climbing more than 5% in the past 24 hours to reclaim the $4.01 trillion level.

    Ethereum (ETH) has emerged as the standout performer among the top ten digital assets by market cap, soaring by 13.12%.

    Chainlink (LINK) has also drawn attention with a rise of 10.37%, showing strong investor appetite for altcoins as momentum builds across the sector.

    Fed shift fuels optimism

    One of the biggest drivers behind the surge came from comments by US Federal Reserve Chair Jerome Powell at the Jackson Hole symposium.

    Powell signalled that economic conditions may justify an interest-rate cut in September, reversing the hawkish stance that had weighed on markets for months.

    Traders quickly interpreted this as a dovish pivot, sparking renewed appetite for risk assets.

    Bitcoin (BTC) surged from local lows of $111,658 to above $116,000 within minutes of Powell’s remarks, setting the tone for the broader crypto market.

    Lower interest rates generally encourage investors to move capital into higher-yielding assets, and cryptocurrencies are often prime beneficiaries of such flows.

    The dollar weakened on Powell’s comments, adding to bullish sentiment across digital markets.

    This macro backdrop provided the ideal setup for both Bitcoin and altcoins to rally in tandem, lifting total market capitalisation firmly back into the $4 trillion range.

    Bitcoin reserves narrative builds

    Another key factor has been the growing momentum around the idea of governments holding Bitcoin as a strategic reserve.

    Most recently, the Philippines has introduced a bill to create a Bitcoin reserve, following similar proposals in the United States.

    This development reinforced the narrative of Bitcoin’s institutional role in global finance and gave investors another reason to build exposure.

    Market observers note that such proposals carry symbolic weight, even before they become policy.

    They demonstrate that Bitcoin is increasingly being viewed not just as a speculative asset but as part of a broader macroeconomic conversation.

    This narrative helped underpin the recovery in Bitcoin’s price while supporting the rally in altcoins tied to sovereign and institutional themes.

    Altcoins take the spotlight

    While Bitcoin’s rebound grabbed headlines, much of the excitement has come from the altcoin space.

    The Altcoin Season Index has climbed sharply, reflecting a rotation of capital from Bitcoin into higher-beta assets.

    ETH has broken through key resistance levels, while the likes of LINK have posted impressive gains.

    Solana (SOL) and Binance Coin (BNB) have also posted strong gains, with traders positioning for extended rallies if momentum continues.

    This rotation indicates a willingness among investors to take on more risk, a trend often seen during bullish phases of the market.

    Although derivatives open interest has fallen, suggesting cautious leverage, spot buying has remained robust.

    The move into altcoins highlights growing confidence that the rally is not confined to Bitcoin alone but is part of a broader recovery story.

    Crypto market outlook

    The sharp recovery in the crypto market underscores how sensitive digital assets remain to global economic cues.

    Powell’s dovish shift, coupled with rising momentum behind Bitcoin’s reserve narrative, created the perfect storm for a swift surge.

    The alignment with equity markets, particularly the Nasdaq-100, further amplified the move, as correlations between crypto and traditional risk assets strengthened.

    For now, the return of the market cap above $4 trillion offers a strong signal of resilience. With altcoins leading gains, investors are watching closely to see whether the rally extends or faces resistance at higher levels.

    However, much will depend on whether the Fed follows through with an actual rate cut in September and whether the Bitcoin reserve debate gains traction in the coming weeks.

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