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  • Metaplanet adds 775 Bitcoin to treasury amid market pullback

    Metaplanet adds 775 Bitcoin to treasury amid market pullback

    Bitcoin consolidates below $120K; Analysts say Ethereum flows will guide next market move

    • Simon Gerovich said the company acquired the bitcoins at an average cost of $120,006 each.

    • Metaplanet began implementing its Bitcoin accumulation strategy in April 2024.

    • With the latest purchase, Metaplanet’s total bitcoin holdings have risen to 18,888 BTC, valued at about $1.94 billion.

    Metaplanet, a Japanese Bitcoin treasury company, has purchased an additional 775 BTC for roughly $93 million as part of its ongoing accumulation strategy.

    The firm disclosed the latest acquisition on Monday through a post by its president, Simon Gerovich, on X.

    Gerovich said the company acquired the bitcoins at an average cost of $120,006 each.

    With the latest purchase, Metaplanet’s total bitcoin holdings have risen to 18,888 BTC, valued at about $1.94 billion.

    The firm’s average purchase price now stands at $102,653 per bitcoin.

    Metaplanet began implementing its Bitcoin accumulation strategy in April 2024.

    The firm is currently the seventh-largest holder of Bitcoin globally, according to Bitcointreasuries data.

    In his post announcing the milestone, Gerovich noted the company’s growing treasury position and reaffirmed its commitment to the strategy.

    Metaplanet’s Q2 results

    The company also released its second-quarter financial results last week.

    Total revenue reached 1.2 billion yen ($8.4 million), representing a 41% increase from the previous quarter.

    Net income swung to a profit of 11.1 billion yen ($75.1 million), compared to a net loss of 5 billion yen ($34.2 million) in the first quarter.

    Metaplanet said it continues to project full-year revenue of 3.4 billion yen and operating profit of 2.5 billion yen.

    The company attributed this outlook to recurring income from cash-secured put premiums and its operational performance.

    Metaplanet stock under pressure

    Despite the upbeat earnings and treasury expansion, Metaplanet’s stock price fell 8.6% on Friday to close at 866 yen.

    On Monday, shares recovered slightly, rising 0.6% around midday in Japan, while markets were still open.

    Addressing the recent weakness, Gerovich acknowledged the disappointment among investors but stressed confidence in the company’s long-term approach.

    He said the firm’s bitcoin income generation business has expanded for three consecutive quarters, adding that recurring income provides resilience and flexibility to support future financing and treasury operations.

    Bitcoin price today

    The latest acquisition comes as bitcoin’s price faces volatility.

    The world’s largest cryptocurrency touched a new all-time high of $124,474 last Thursday before retreating 4% the same day.

    Over the weekend, it traded around the $117,300 level and was slightly lower at the start of the week, nearing key support at $116,000.

    If Bitcoin closes below that level, analysts note that the decline could extend toward its 50-day Exponential Moving Average of $115,031.

    A further break below could test the next support zone near $111,980.

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  • Norway’s $1.6 trillion wealth fund boosts indirect Bitcoin exposure by 192% in Q2 2025

    Norway’s $1.6 trillion wealth fund boosts indirect Bitcoin exposure by 192% in Q2 2025

    Norway’s $1.6 trillion wealth fund boosts Bitcoin exposure by 83% in Q2 2025

    • NBIM now holds the equivalent of 7,161 BTC through listed equities.
    • Institutional interest in Bitcoin grows through ETFs and corporate holdings.
    • The move may signal early stages of sovereign-backed Bitcoin adoption.

    Norway’s sovereign wealth fund, the largest in the world, has taken a significant step into the cryptocurrency market, increasing its Bitcoin (BTC) exposure by 192% during the second quarter of 2025.

    Norges Bank Investment Management (NBIM), which manages the country’s $1.6 trillion oil-funded portfolio, expanded its holdings from the equivalent of 2,446 BTC from the June quarter in 2024 to 7,161 BTC.

    The move underscores a broader shift among institutional investors who are using publicly listed equities and ETFs to gain exposure to the cryptocurrency market without holding digital assets directly.

    Bitcoin exposure rises through equities and ETFs

    NBIM’s largest Bitcoin exposure comes via its stake in MicroStrategy (MSTR), the biggest corporate holder of the cryptocurrency. The fund also initiated a smaller position equivalent to 200 BTC in Japan-based Metaplanet.

    These holdings are reflected in the fund’s Q2 2025 13F filings, which track institutional investments in US-listed companies.

    The data, compiled by analysts, highlights NBIM’s increased allocation to Bitcoin-linked equities during a period of growing global interest in the asset class.

    Sovereign wealth funds are typically known for their conservative, long-term investment strategies, making this level of exposure notable.

    Institutional participation strengthens

    The move by NBIM comes amid rising institutional adoption of Bitcoin, driven in part by strong inflows into Bitcoin ETFs and increased corporate interest.

    These products have made it easier for large investors to gain exposure without managing the complexities of digital asset custody.

    Industry analysts note that sovereign wealth funds and large pension managers are beginning to explore Bitcoin as part of diversified long-term portfolios.

    While NBIM has not publicly commented on its decision, the timing aligns with Bitcoin’s steady price gains over the past quarter, supported by favourable macroeconomic conditions and increased demand.

    Strategic hedge potential

    For NBIM, the Bitcoin allocation remains a small portion of its total assets, but it may serve as a hedge against currency debasement and geopolitical risks.

    Such positioning reflects a growing recognition among large investors that Bitcoin could play a role in risk-adjusted portfolio diversification.

    The increase also follows a global trend where state-backed investment vehicles cautiously test exposure to emerging asset classes, particularly those viewed as potential stores of value.

    If this allocation pattern continues, the participation of sovereign funds could have a meaningful impact on Bitcoin’s market liquidity and institutional legitimacy.

    Broader implications for sovereign-backed Bitcoin adoption

    The developments at NBIM may signal the early stages of more widespread sovereign-backed Bitcoin adoption.

    Although the current exposure is small relative to the size of the fund, the scale of sovereign wealth fund capital means even incremental moves can influence market dynamics.

    As other funds monitor NBIM’s strategy, institutional activity in Bitcoin-linked assets could increase further.

    For the cryptocurrency market, these flows represent a structural change in the investor base, moving beyond retail speculation to long-term, strategic capital from the world’s largest pools of wealth.

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  • Bitcoin hits new all-time high as Fed easing bets and favorable US policy align

    Bitcoin hits new all-time high as Fed easing bets and favorable US policy align

    Bitcoin hits new all-time high as Fed easing bets and favorable US policy align

    • Bitcoin smashes its record, climbing to a new all-time high of $124,002.
    • Hopes for a significant Federal Reserve rate cut are fueling the rally.
    • A new executive order opens the door for crypto in 401(k) retirement plans.

    Bitcoin blasted through to a new all-time high on Thursday, as a perfect storm of roaring optimism over Federal Reserve policy and a series of powerful pro-crypto reforms converged to send the digital asset into uncharted territory.

    The move signals a dramatic new phase for a market that has been supercharged by a seismic shift in the US political and regulatory landscape.

    In early Asian trading, the world’s largest cryptocurrency climbed as much as 0.9% to touch $124,002.49, decisively surpassing the previous peak it set in July.

    The tidal wave of buying lifted the broader market, with the second−largest token, Ether, surging to 4,780.04—its highest level since the bull market of late 2021.

    The three-pronged catalyst: Fed, institutions, and the White House

    This record-setting rally isn’t a random surge; it’s being powered by a clear confluence of forces.

    According to IG market analyst Tony Sycamore, Bitcoin’s momentum is a direct result of “increasing certainty of Fed rate cuts, sustained institutional buying and moves by the Trump administration to ease investment in crypto assets.” 

    The technical picture is now just as bullish, with Sycamore noting that a decisive move could open the floodgates for a much larger run. “Technically a sustained break above $125k could propel BTC to $150,000,” he wrote in a note.

    The ‘crypto president’ and the $1.6 trillion surge

    Since President Donald Trump’s return to the White House, the regulatory environment in the United States has transformed from hostile to overtly favorable.

    Trump has proudly labeled himself the “crypto president,” and a series of long-sought regulatory wins for the industry have followed throughout 2025, from the passage of landmark stablecoin regulations to a broader overhaul by the securities regulator to accommodate digital assets.

    The market impact of this policy pivot has been staggering. Bitcoin itself has risen nearly 32% so far in 2025.

    More broadly, the entire crypto sector’s market capitalization has ballooned from about $2.5 trillion in November 2024, when Trump won the election, to over $4.18 trillion today, according to data from CoinMarketCap.

    Unlocking retirement billions: the 401(k) game-changer

    The latest and perhaps most significant tailwind came from an executive order signed last week on Thursday.

    The order paved the way for crypto assets to be included in 401(k) retirement accounts, a move that could unlock a colossal new wave of mainstream capital for the asset class.

    This is not just a win for investors; it’s a potential boon for asset management giants like BlackRock and Fidelity, whose crypto exchange-traded funds (ETFs) could become staples of American retirement planning.

    However, this push into long-term savings is not without its perils.

    The very volatility that creates spectacular rallies also poses significant risks, especially for retirement accounts that have historically relied on the relative stability of stocks and bonds.

    For now, though, the market is firmly focused on the upside, celebrating a new era of legitimacy that has sent its leading asset to heights once thought unreachable.

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  • Solana price breaks past $200, targets July peak

    Solana price breaks past $200, targets July peak

    Solana price breaks past $200

    • Solana (SOL) jumps above $200, aiming for the July peak of $206.32.
    • Whale sales and unstaking raise short-term supply concerns.
    • $170 support and $206 resistance are key to the next price move.

    Amid renewed altcoin market optimism, the native token of Solana, SOL, has surged past the $200 mark, reclaiming a key psychological level.

    Over the past 24 hours, SOL has risen by 15.4% to trade near $201.71, with a 24-hour range stretching from $174.20 to $201.58.

    Solana now targets July peak

    Crucially, breaking $200 is a psychological and technical milestone that can attract buyers. As renowned analyst Jelle notes, “above $200, very little resistance left to bring it back down.”

    Technically, a minor support sits at $195.26, while the critical support ranges from $187.71 to $184.67.

    A breakdown through $173.43 would signal a medium-term reversal and might target the June–August trendline near $163.37.

    However, on short timeframes, the hourly Moving Average Convergence Divergence (MACD) is gaining in the bullish zone, and the Relative Strength Index (RSI) remains above 50, indicating moderate momentum.

    With the sharp price surge, all eyes are now on the July high at $206.32 as the next immediate target.

    Moreover, if SOL clears $206.32, there are chances that it could extend toward the March 2024 peak at $210.18, testing bullish conviction. Market analysts project that the token will rise to $222.66 or even $230.32, especially if it clears the resistance at $204.

    So far, SOL has climbed more than 13% from Monday’s low of $173.43, hinting at a strong bullish momentum.

    Whales stir concern

    Meanwhile, on-chain data shows large transfers to exchanges, prompting questions about distribution.

    Specifically, more than 226,000 SOL moved to exchanges in recent days.

    Notably, one whale slashed holdings by 71% in under two days, trimming a $24 million position to roughly $6.8 million.

    These sales clustered near an average price of about $177 and coincided with a dip below $185.

    SOL unstaking adds pressure

    In addition, a wallet linked to Alameda Research unstaked roughly $35 million worth of SOL.

    The tokens had been locked since late 2020, when their value was about $350,000 — a roughly 100-fold gain.

    Nevertheless, the Net Position metric remains positive and has helped price consolidate above the critical $170 level.

    What traders should watch out for

    Notably, despite the rebound, Solana has lagged Ethereum in recent stretches.

    Indeed, SOL is up roughly 1.07% in August while ETH has gained about 15.75%. Over the quarter, ETH’s roughly 72% return far outpaces SOL’s near 12.8%.

    Importantly, large exchange inflows and the Alameda unstaking raise the prospect of coordinated distribution.

    If $170 fails to hold, traders should expect increased downside and a deeper correction.

    Conversely, a sustained breakout above $206.32 could draw fresh buyers and revive momentum.

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  • Altcoins soar, Bitcoin stalls as Fed rate cut speculation hits fever pitch

    Altcoins soar, Bitcoin stalls as Fed rate cut speculation hits fever pitch

    Altcoins soar, Bitcoin stalls as Fed rate cut speculation hits fever pitch

    A simmering crypto rally boiled over into a full-blown frenzy during late US trading hours on Tuesday, after Treasury Secretary Scott Bessent dropped a bombshell suggestion that sent shockwaves through the market: the Federal Reserve should consider an aggressive 50 basis point rate cut.

    His words acted like rocket fuel for risk assets, unleashing a powerful new leg higher for altcoins while leaving Bitcoin watching from the sidelines.

    The market-moving comments came during an interview on Fox News, where Bessent openly questioned the central bank’s next move. 

    “The real thing now to think about is should we get a 50 basis-point rate cut in September,” Bessent stated. He went further, criticizing the central bank’s information-gathering process, adding that the Fed could have cut rates as early as June if it had been given accurate data, which he described as a “foundational issue.”

    The Bessent fffect: unleashing the bulls

    While markets had already almost fully baked in a standard 25 basis point cut for September, the mere mention of a 50-point move from a figure of Bessent’s stature completely reset expectations.

    Although the Treasury Secretary is not a member of the Federal Reserve, his words carry immense weight.

    President Trump has tasked him with leading the search for a replacement for current Fed Chair Jerome Powell, making his views a potential preview of the central bank’s future policy direction.

    The reaction was immediate and fierce. Ether (ETH), already enjoying a positive day, blasted higher, surging nearly 9% over the past 24 hours to trade above $4,600 for the first time since the heady days of November 2021.

    An altcoin affair

    This was emphatically an altcoin-driven rally. Other major cryptocurrencies joined the surge, with Cardano (ADA), Solana (SOL), and Litecoin (LTC) each rocketing ahead by about 8%. XRP also caught a bid, rising 3.5%.

    This flood of capital into digital assets mirrored a rally in equity markets, which climbed more than 1%, while the dollar weakened against all major currencies.

    Conspicuously absent from the party were the Bitcoin bulls.

    The world’s largest cryptocurrency remained largely unchanged, hovering around the $120,000 mark, suggesting traders were selectively deploying capital into assets perceived to have more immediate upside in a “risk-on” environment.

    The stage for this dramatic late-day surge had been set earlier on Tuesday morning. The initial spark for the rally came after new data showed US consumer prices in July rising roughly in line with economist estimates, providing a sigh of relief.

    But it was Bessent’s unexpected words that turned that sigh of relief into a roar of speculative excitement.

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  • BCH looks to break key resistance as Bitcoin Cash volume jumps 30%

    BCH looks to break key resistance as Bitcoin Cash volume jumps 30%

    Bitcoin Cash Price

    • Bitcoin Cash price is near $590 having touched highs above $604 in the past 24 hours.
    • While BCH is a mere 1% in 24 hours at the time of writing, it’s 18% higher in 30 days.
    • Bitcoin Cash could break above critical resistance and eye the $1,000 level.

    Bitcoin Cash (BCH) is not one of the flashy performers in the crypto market, with the coins’ 18% uptick in the past month small compared to peers in the top 100 cryptocurrencies by market cap.

    However, as Ethereum makes headlines as it approaches its all-time high, Bitcoin Cash is also hovering around a critical resistance level having tested the $600 level.

    This charge, fueled by a remarkable 30% surge in daily trading volume, could see BCH eye further gains towards the $1,000 mark. But what’s the technical outlook?

    Bitcoin Cash retests key price level

    The price of Bitcoin Cash is currently retesting a pivotal resistance zone, with its price hovering around the $600 mark.

    Over the past 24 hours, BCH has touched highs of $601 across major exchanges, and shows resilience with prices remaining above $590 and ticking to highs near the July peak of $604.

    BCH price chart by TradingView

    The jump to $600 represents a notable move for BCH, as this allows buyers to test the upper boundary of a sell wall that has previously seen bears emerge strongly.

    Notably, the 30% spike in trading volume speaks to the increased market activity, suggesting traders may be positioning for a potential breakout.

    What’s next for BCH price: Can bulls reclaim $1,000 in 2025?

    BCH price reached highs of $624 in December 2024 and last traded above $1,000 in 2021.

    Looking at the technical picture for Bitcoin Cash, the overall outlook is optimistic, with bulls setting their sights on flipping $600 into a robust support level.

    From here, a potential climb towards $1,000 is possible. In the short term, the supply wall is around $680 and $764 and above this, a flip to $1k and over will be more likely.

    The broader market sentiment, with Fear & Greed Index trending in the “Greed,” zone, adds to this outlook.

    BCH’s technical indicators also align with a bullish trend. Increased adoption that has investors buoyed amid favorable macroeconomic conditions, gives this altcoin a good chance of continuing higher.

    However, traders may yet trade cautiously as profit taking a dump for major altcoins could dampen broader sentiment.

    The upcoming inflation data, with Bitcoin’s correlation with stocks tight, could mean either a sharp surge or notable dump.

    “BTC ’s correlation with equities has tightened since mid-July, mirroring US stocks’ rebound to near record highs. Attention now shifts to Tuesday’s CPI, expected to rise 10 bps to 2.8%,” analysts at QCP noted. “A softer CPI could cement odds of a September Fed cut, while a hotter print risks stalling the rally. Traders are hedging with demand for short-dated $BTC puts in the $115k–$118k range.”

    The price of Bitcoin hovers around $118,500, while BCH trades near $590.

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  • CYBER price explodes 80% to YTD high above $4.5: here’s why

    CYBER price explodes 80% to YTD high above $4.5: here’s why

    • Cyber price rose 80% in 24 hours to hit $4.5.
    • Broader market sentiment and Upbit listing catalysed the gains.
    • If the broader crypto market continues its upward trend, CYBER price could target a new all-time high.

    Cyber (CYBER), the native token of the CyberConnect ecosystem, has witnessed an impressive 80% surge in 24 hours to hit highs of $4.5, its highest level since January 2025.

    This explosive price gain has captured the market’s attention, with daily volume spiking more than 825% to over $410 million.

    Meanwhile, the market cap has jumped to over $154 million. Per data from CoinMarketCap, CYBER ranks as the best performing altcoin in the top 500 by market cap, outpacing peers.

    Why is Cyber price skyrocketing?

    Cryptocurrencies bounced as Bitcoin broke to $122k before retreating, and Cyber price picked up momentum amid this move.

    However, the likely trigger for CYBER’s sharp gains in the past 24 hours looks to be the official listing of the token on Upbit, the largest crypto exchange in South Korea.

    On August 12, 2025, Upbit announced trading support for CYBER with Korean won and Tether (USDT).

    The CYBER/KRW and CYBER/USDT pairs going live on the exchange have injected fresh liquidity and visibility for the token, attracting further buy-side pressure.

    Upbit’s decision to support CYBER adds to the excitement around the decentralised social platform, with CYBER seeing its biggest jump in nearly eight months.

    Cyber treasury strategy

    As well as the Upbit listing, bullish market sentiment around altcoins is key to CYBER price gains.

    Cyber Foundation also recently announced the major milestone that saw NYSE-listed company Enlightify Inc become the first publicly-traded company to initiate a treasury strategy for CYBER.

    Enlightify plans to accumulate up to $20 million worth of CYBER tokens for the next 12 months.

    This trend has driven the Ethereum price to above $4,300 and helped Solana, XRP and other top alts to retest key supply wall areas.

    CYBER price could benefit from such a trend.

    “Institutional engagement with digital assets has long centered on passive BTC or ETH holdings. Enlightify’s plan to build a treasury position in CYBER—the native token that powers Cyber’s decentralized AI and social infrastructure—signals a broader shift toward recognizing the long-term value of specialized blockchain networks,” the Cyber team noted.

    CYBER price forecast: is a new all-time high next?

    Elsewhere, the technical outlook for CYBER suggests room for further growth.

    Cyber price chart by TradingView

    Breaking through key resistance levels near $4.0 amid a surge in trading volume suggests upside strength.

    Indicators such as the Relative Strength Index (RSI) on the weekly chart align with the bullish momentum.

    The chart shows CYBER is not overly extended in the overbought territory.

    Bulls could aim for $6 and then $10, with the all-time high above $15 possible in 2025.

    However, the profit taking seen across the market has helped bears revisit lows of $3.15. CYBER currently trades around $3.41 and bulls need to reclaim $4.00 to have the upper hand.

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  • Bitcoin price forecast: BTC price steadies as long-term holder selloff cools

    Bitcoin price forecast: BTC price steadies as long-term holder selloff cools

    Bitcoin price forecast

    • Long-term holder (LTH) selloffs cool, easing Bitcoin price selling pressure.
    • BTC price holds above $116,817 despite rejection near $122K.
    • CPI data may decide the next major BTC price move.

    Bitcoin price forecast shows BTC price steadying as long-term holder selloffs cool.

    Meanwhile, traders are watching on-chain flows and macro prints for signs of the next directional move.

    Long-term holders’ selloff cools

    Long-term holders have materially reduced daily sales, and consequently, the market has seen a clear shift toward holding.

    According to on-chain data, daily LTH sales slipped below $1 billion in August, after averaging above that threshold in July, and this shift has removed a notable chunk of selling pressure.

    Moreover, the reduced flow of coins to exchanges, according to Coinglass, has coincided with renewed accumulation, which in turn supports a calmer BTC price near current range levels.

    On-chain evidence points to accumulation

    Binary Coin Days Destroyed has dropped toward zero, signalling that older coins are not moving and therefore are being held longer.

    Bitcoin Binary CDD chart.

    Additionally, the Fund Flow Ratio sits at unusually low levels, around 0.057, and this suggests fewer assets are being sent to exchanges.

    Consequently, spot market net inflows — including a recent $51 million buy day after a $242 million sell-off on August 10 — reinforce that demand is returning more steadily than before.

    Triangle breakout holds, but risks remain

    Technically, Bitcoin broke upward from a triangle and remains above the $116,817 breakout threshold, which means momentum is still intact.

    However, recent attempts to clear $122,000 ended with a rejection and a “gravestone” doji candlestick, and hence, traders note that the path to a new ATH may not be smooth.

    Bitcoin price chart analysis

    Meanwhile, a CME futures gap near $117K and four-hour 200MA/EMA confluence add short-term technical magnetism that could invite retests before any sustained push higher.

    CPI and Fed policy could tilt the scales

    Macro catalysts are front and centre because upcoming US CPI figures influence rate-cut expectations and dollar strength.

    If core inflation prints higher than expected — for example, near 3.1% — then Fed-cut odds for September would likely decline, and as a result BTC price may face pressure.

    Conversely, a softer CPI near 2.9% would boost rate-cut prospects, weaken the dollar, and likely favour renewed upside for crypto and BTC price momentum.

    Two plausible paths for Bitcoin traders

    On the bullish path, continued LTH holding, steady capital inflows, and a break above recent highs could carry BTC to new discovery above $123,000 and into a $120K–$125K zone.

    On the bearish path, a confirmed distribution phase — as some Wyckoff-analysing traders warn — could open a markdown toward the $92K–$95K area, and therefore, traders must respect risk controls.

    Thus, momentum and macro prints will decide whether the market grinds higher or re-enters a corrective phase.

    Bitcoin price forecast: What traders should watch

    Watch whether BTC holds $116,817 and whether exchange inflows remain subdued, because these are immediate signs of supply drying up.

    Also, monitor short-term technical confluence at the CME gap near $117K and the reaction to CPI data, since both can trigger quick directional moves.

    While sentiment includes bullish voices like the co-founder of PayPal, Peter Thiel, who sees structural undervaluation, traders should remain nimble and factor in both upside targets and downside scenarios.

    The current Bitcoin forecast balances improved on-chain accumulation against near-term macro risk, and this equilibrium shapes the prevailing BTC price outlook.

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  • Bitcoin eases from $122,000 high on profit-taking; CPI report looms

    Bitcoin eases from $122,000 high on profit-taking; CPI report looms

    Bitcoin eases from $122,000 high on profit-taking; CPI report looms

    • Bitcoin’s push toward new records was stopped by profit-taking, causing a price retreat from a high of $122,200 back to $118,500.
    • A technical gap in the CME futures market between $117,430 and $119,000 has created a potential target for a short-term price pullback.
    • Upcoming US inflation data, particularly the CPI, is considered the week’s most significant catalyst for potential market volatility.

    A promising overnight surge that propelled Bitcoin within sight of new records was cut short by a wave of profit-taking, pulling the leading cryptocurrency back and setting a cautious tone for the week.

    The market now holds its breath, caught between the allure of all-time highs and the looming shadow of critical economic data that could ignite significant price swings.

    After reaching a session high of $122,200, Bitcoin (BTC) saw its momentum fade, retreating 2.8% to land at $118,500.

    Despite the pullback, the digital asset remained slightly positive over a 24-hour period.

    In the broader crypto market, Ether (ETH) maintained its position above the $4,200 mark, while major altcoins such as Solana’s SOL (SOL), Dogecoin (DOGE), and Sui’s native token (SUI) experienced modest dips of 3%-4%.

    One technical indicator drawing considerable attention from traders is a “gap” left in the CME futures market, which, unlike the 24/7 crypto market, operates only on weekdays.

    This created a void between Friday’s closing price of $117,430 and Monday’s higher open at $119,000.[3] James Van Straten, senior analyst at CoinDesk, noted that historical precedent suggests Bitcoin often retraces to “fill” such gaps.

    “History suggests that BTC could pull back to revisit and ‘fill’ that gap,” he said.

    Economic crosswinds

    The market’s next significant directional move may well be dictated by macroeconomic forces.

    The release of the US Consumer Price Index (CPI) on Tuesday, followed by Producer Price Index (PPI) data, is circled on every trader’s calendar.

    These inflation reports are critical as they heavily influence the Federal Reserve’s monetary policy, which in turn impacts investor appetite for risk assets like Bitcoin.

    This sentiment was echoed by analysts at the crypto exchange Bitfinex, who believe the continuation of Bitcoin’s momentum is contingent on these US economic reports.

    “With market sensitivity to macro events running high, traders should prepare for increased volatility and the possibility of a retracement toward $110,000 in the near term,” the Bitfinex analysts wrote in a Monday market report.

    They added, “We believe that the ranging conditions and oscillation between the range highs and lows will continue, since price is constantly moving above and below the cost-basis of fresh buyers allowing for charged sentiments around key macro data releases.”

    A rally built on shaky ground?

    Beneath the surface of the recent price surge, however, are signs that the rally lacked broad-based participation. In a recent report, the analytics firm Glassnode described the sharp rebound from below $114,000 as a shift from “seller exhaustion to a strong rebound near recent ATHs.”

    Yet, this recovery was not accompanied by a surge in spot market buying.

    Glassnode data revealed that spot trading volumes actually fell by 22% to $5.7 billion, a figure near the statistical low, suggesting the upward price movement was driven more by strategic “positioning shifts than deep conviction buying.”

    While a metric known as the Spot Cumulative Volume Delta flipped 94% toward buy pressure—a sign that aggressive selling has subsided—it also points to renewed demand from a narrow base of traders rather than a widespread market rush.

    On the institutional front, the data presents a mixed, albeit slightly optimistic, picture. Outflows from US-listed spot bitcoin ETFs were halved, dropping to $311 million from $686 million in the preceding week, offering some relief.

    Even so, the total trade volume for these ETFs saw a 27.7% decline to $13.7 billion, indicating that overall activity remains subdued and close to its low band.

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  • Chainlink price: LINK eyes new leg up amid ICE collaboration

    Chainlink price: LINK eyes new leg up amid ICE collaboration

    Chainlink Price ICE Partnership

    • Chainlink price traded around $21.47 on Aug. 11, 2% down from highs of $22.55 in 24 hours. 
    • Ethereum led top altcoins like Bitcoin Cash and BNB higher as it crossed above $4,300.
    • Chainlink’s partnership with  Intercontinental Exchange could be a key catalyst.

    Chainlink (LINK) price has retreated 2% in the past 24 hours to trade around $21.47, slightly off its multi-week highs of $22.55.

    This bucks the uptick for Bitcoin and top altcoins such as Ethereum, Bitcoin Cash and BNB. LayerZero also rose.

    However, as the market digests the potential impact of its latest partnership with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), could Chainlink price embark on a new leg up to target the all-time high above $52?

    Chainlink joins forces with NYSE parent ICE

    The Chainlink ecosystem witnessed a major unveiling recently when the oracle networks platform launch Chainlink Data Streams for US stocks and ETFs. Traction for the solution has netted a major partnership as Chainlink collaborates with ICE.

    According to a press release, the integration brings high-quality forex and precious metals rates from ICE’s consolidated feed to Chainlink’s Data Streams.

    In short, ICE’s Consolidated Feed, which aggregates data from more than 300 global exchanges and marketplaces, has added FX and precious metals rates to the Chainlink Data Streams.

    The move allows for the use of the solution to power over 2,000 applications, banks, asset managers, and infrastructure providers across the Chainlink ecosystem.

    Benefits include growth in network activity – particularly in tokenized assets and products.

    Leveraging ICE’s institutional-grade infrastructure means Chainlink adds to its traction in bridging traditional markets and the DeFi ecosystem.

    “Using ICE’s Consolidated Feed data as an input into Chainlink’s derived FX and precious metals rates onchain via Chainlink’s institutional-grade infrastructure is a watershed moment in the evolution of global markets,” said Fernando Vazquez, president, capital markets at Chainlink Labs. “This collaboration signals a pivotal shift towards a unified, globally accessible onchain financial system, with hundreds of trillions in assets on a clear path to tokenization.”

    LINK price outlook: Is Chainlink poised to mirror ETH?

    Ethereum (ETH), which continues to experience significant price gains amid key institutional demand and treasury interest, trades near $4,300.

    The ETH price gain has helped other altcoins higher, hitting highs of $4,363 as Bitcoin Cash, Uniswap, Monero, and BNB rose.

    LINK showed similar movement as it rose sharply from lows of $15.60 this past week.

    Bulls are signalling resilience with the price above $21, with technical outlook suggesting they could see a new leg up.

    The ICE partnership among other integrations, point to real traction and a break to $30 could see Chainlink price target $50 and the altcoin’s all-time high above $52.

    If LINK mirrors ETH’s trajectory, it might see a steady climb supported by growing tokenized real-world asset (RWA) markets. On the downside, LINK’s main support areas would be around $20 and $16.

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