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Tag: Price

  • 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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  • Mantle price outlook as MNT gains momentum with 20% spike

    Mantle price outlook as MNT gains momentum with 20% spike

    Mantle Price Bullish

    • Mantle is up 20% in 24 hours amid overall altcoin rcovery.
    • The MNT token reached highs of $0.91 on Tuesday and could break to $1 and eye the all-time high of $1.51.
    • Ecosystem growth buoys overall bullish momentum.

    Mantle (MNT) price has surged more than 20% in the past 24 hours, jumping from lows of $0.72 to $0.91.

    This uptick aligns with other altcoins’ bounces over the past day, with likes of Litecoin and Pump.fun among top gainers in the largest 100 coins by market cap.

    Notable gains for Mantle have come amid a 280% surge in daily volume to $622 million, while its market cap has increased to $2.96 billion.

    Mantle pumps 20% as altcoins bounce

    As noted, Mantle’s price surge coincides with a pump in the broader altcoin market.

    A lot of the upside momentum has come after last week’s sell-off, with an announcement from the Commodity Futures Trading Commission buoying investors.

    MNT price has also benefited from a robust network, which boasts a significant increase in stablecoin market cap to $653 million.

    The total value locked in DeFi on the protocol has also jumped to $233 million, largely helped in recent weeks by a surge in activity around its ecosystem.

    Also worth noting is Mantle’s contribution of 101,867 ETH worth over $388 million to the Strategic ETH Reserve.

    Institutional inflows through initiatives like the Mantle Index Four and innovative products such as mETH Protocol for liquid staking add further upside fuel. Lookonchain highlights these in the X post below.

    Mantle’s strong market momentum has MNT trading towards the psychological $1 mark. The last time bulls hovered at or above this level was in February 2025.

    Is Mantle price poised for a breakout to a new all-time high?

    Mantle’s price trajectory has bulls eyeing fresh bids above $1, and analysts say a breakout above this level could catapult MNT past its all-time high of $1.51. The altcoin reached this milestone on April 8, 2024.

    On the daily chart, technical indicators provide bullish signals. The Relative Strength Index (RSI) stands at 66 and upsloping to indicate potential upside continuation before hitting the overbought zone.

    Mantle price chart by TradingView

    Meanwhile, the Moving Average Convergence Divergence (MACD) indicator suggests a bullish crossover. Per the chart above, the MACD line is looking to cut above the signal line, highlighting a potential short-term bullish momentum.

    Mantle is also trading near the upper Bollinger Band at $0.87 with price above the middle line and with likely support at the lower band of $0.68.

    A decisive break above the upper resistance could signal a bullish flip, allowing buyers to extend gains past $1 to the $1.40 region.

    A confirmation of an upbeat sentiment from other catalysts will help this bullish trend. The downside however could make $0.68 a key level to watch. Major support also lies near $0.55.

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  • Litecoin price prediction as LTC jumps 12% on bullish catalysts

    Litecoin price prediction as LTC jumps 12% on bullish catalysts

    Litecoin Price

    • Litecoin price is up 12% in 24 hours, hitting $127 as altcoins look to bounce back.
    • The LTC price could rally to $200 and target a new all-time.
    • Bullish catalysts include spot ETF anticipation, payments activity/adoption and treasury strategy moves.

    Litecoin trades as one of the top gainers in the past 24 hours, with the altcoin boasting a 12% spike as price hovers near $126. Gains see weekly uptick extended and LTC up by more than 47% in the past month.

    Amid a confluence of bullish catalysts, can Litecoin price jump to its year-to-date highs near $140 and target multi-year peaks above $200?

    Litecoin jumps 12% amid notable bullish momentum

    Litecoin’s double-digit uptick, which pushed price from lows of $111 to above $127 at the time of writing, comes as the broader crypto market seeks a fresh leg up.

    On Tuesday, Aug. 5, the total market cap was up 1% to $3.74 trillion, with this following Monday’s resilient performance across stocks and crypto. Most top altcoins including Ethereum, XRP and Solana are in the green, with latest regulatory developments adding to the prevailing crypto sentiment to suggest more gains are likely in the short term.

    For LTC, the outlook gets a further bullish impetus from a range of factors. It includes overall anticipation of a spot Litecoin exchange-traded fund (ETF) approval, increased use as a payment currency and significant institutional interest amid treasury strategy moves.

    Recently, Bloomberg analysts put a 95% probability on a spot LTC ETF approval in 2025, and regulatory developments suggest this outlook remains.

    Meanwhile, bullish projections for Litecoin are gaining traction amid institutional interest, with MEI Pharma’s $100 million Litecoin treasury strategy a major corporate allocation already. Also fueling price gains is Litecoin’s growing use in remittances and payments.

    What next for LTC price?

    Litecoin’s price gains may see profit taking kick in and derail buyers, particularly given the surge to a five month high for LTC.

    LTC chart by TradingView

    However, the altcoin has broken above a symmetrical triangle on the weekly chart, signaling potential upside continuation. This breakout above the triangle’s upper resistance means bulls may want to target the supply wall around $200.

    Notably, the Moving Average Convergence Divergence (MACD) has a bullish crossover, aiding the outlook for upward momentum. The Relative Strength Index (RSI) also ticks above 64, indicating room for more gains before hitting overbought conditions.

    If buying pressure continues, bulls may eye $200 and higher in the short term. However, if it fades, a short-term pullback to the $110–$101 support zone may ensue. This LTC price outlook nonetheless depends on overall bullish conditions.

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  • MYX Finance (MYX) price just shot up 289%: Here’s why

    MYX Finance (MYX) price just shot up 289%: Here’s why

    MYX Finance price surge

    • MYX Finance (MYX) price has skyrocketed amid hype around its upcoming V2 upgrade.
    • Binance listing has also boosted the token’s visibility and sparked retail FOMO.
    • MYX Finance TGE, two months ago, saw 30,296% oversubscription, fueling early demand.

    While the cryptocurrency market is no stranger to wild price swings, the recent surge in MYX Finance (MYX) has grabbed the attention of traders and analysts alike.

    Over the last 24 hours, MYX token soared by an astonishing 289%, briefly hitting an all-time high of $0.989 before pulling back to $0.8810 at press time.

    MYX Finance price

    This dramatic rally has sparked widespread interest, especially as MYX Finance cements its position in the DeFi derivatives landscape.

    The spike in MYX’s value is not just a fluke. It is the result of several fundamental developments, market hype, and strong trading performance.

    Notably, investors are flocking to take part in what they believe could be a long-term uptrend as the MYX Finance platform prepares for a major upgrade.

    The MYX Finance V2 upgrade buzz

    A major driver of the MYX price rally is the heightened anticipation surrounding its upcoming V2 launch.

    Although the development team has not yet disclosed a release date, speculation around the upgrade has been intense.

    Many believe that V2 will significantly enhance MYX Finance’s trading experience by introducing zero-slippage execution, advanced chain abstraction, and improvements to its proprietary matching pool mechanism.

    These features are expected to bring a more seamless and efficient trading model to on-chain users.

    The protocol’s monthly volume has already hit an all-time high, reaching $9.07 billion over the past 30 days, with $285 million traded in just the last 24 hours.

    This surge in usage indicates a rapidly growing interest in the MYX platform ahead of the much-anticipated upgrade.

    And because the MYX token plays a key role in accessing these features, such as discounted trading fees, demand for the token has skyrocketed.

    Early MYX TGE hype laid the groundwork

    Long before this week’s rally, MYX Finance had already generated buzz within the DeFi community.

    On May 6, 2025, the project held its token generation event (TGE) on Binance Wallet.

    The event was a massive success, with a staggering 30,296% oversubscription. Over $51 million in trading volume was recorded within the first 24 hours.

    This early success helped MYX dominate the BNB Chain DEX space, quickly accumulating $35.2 million in total value locked (TVL).

    Participation in the TGE required at least 142 Alpha Points, a structure that helped drive deep community engagement and strengthen early demand for the token. Since then, the project has maintained a strong narrative of growth and innovation.

    Binance spotlight ignites FOMO

    In addition to the protocol’s organic growth, MYX recently received a significant boost in visibility after becoming the top gainer on Binance.

    On August 4, the token’s price jumped by 138% in a single day, triggering a 711% increase in daily volume to $46 million.

    This momentum was further amplified by social media activity, including a tweet from the MYX team quoting Binance founder CZ, which drew tens of thousands of views.

    While the rally looks attractive, the token’s Relative Strength Index (RSI) hit 97.45, an indication that it is heavily overbought.

    MYX Finance price outlook

    Despite the rapid price rise, traders remain sharply divided on MYX’s short-term outlook.

    The upcoming V2 release could mark a significant turning point, but only if user adoption continues to scale and on-chain activity holds up.

    On the flip side, MYX’s low market cap and retail-heavy volume mean it remains susceptible to pump-and-dump cycles and sudden reversals.

    Nevertheless, with strong backers like Sequoia China, HashKey Capital, and ConsenSys, as well as a growing presence across major chains like Arbitrum, Linea, and BNB Chain, MYX Finance is building more than just hype.

    The coming weeks will reveal whether it can convert this momentum into sustainable growth or whether this explosive rally is a short-lived spike.

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  • Morpho price jumps 10% as RWA powerhouses launch Ascend

    Morpho price jumps 10% as RWA powerhouses launch Ascend

    Morpho

    • Morpho price rose as Morpho Labs joined other top real-world asset platforms in a new partnership.
    • RWA powerhouses Plume, Centrifuge among those to support Ascend accelerator.
    • MORPHO token jumped 10% in 24 hours to $1.85.

    The cryptocurrency market is up slightly on Monday, and Morpho (MORPHO) is one of the top gainers after posting double-digit gains in the past 24 hours.

    While the uptick aligns with overall crypto bounce that mirrors a surge across stocks, MORPHO is up after the crypto platform teamed up with other players across the real-world assets market to launch a new accelerator project dubbed Ascend.

    Amid a rebound in US stock indices, MORPHO rose 10% to highs of $1.85.

    Morpho Labs key player in RWA market

    On Monday, Morpho Labs announced that it was part of the strategic partnership that has launched Ascend.

    The groundbreaking initiative is designed as a startup accelerator targeted at the real-world assets market, with $500k in funding.

    Plume Network said Ascend is “the first startup accelerator designed to take ambitious RWA ideas into scalable protocols.”

    Big name players back the program, including Plume, Morpho, and Centrifuge.

    Others are Anchorage Digital, RWA.xyz, Keyrock and OKX Ventures. The collective aims to advance the tokenization of real-world assets.

    Morpho Labs, a decentralized finance (DeFi) lending infrastructure that among other offerings powers crypto-backed loans on Coinbase, is a top backer of the accelerator.

    As the collaboration highlights growth across the RWA sector, projects like Morpho begin to stand out.

    MORPHO token gains amid crypto bounce

    The MORPHO token experienced a significant uptick, rising 10% in 24 hours from lows of $1.66 to $1.85.

    Gains came amid the positive market sentiment around RWA tokens and the Ascend launch.

    However, it also followed a broader recovery in cryptocurrencies as a rebound in US stock markets buoyed sentiment.

    On Monday, August 4, 2025, the benchmark S&P 500, the Dow Jones Industrial Average, and tech-heavy Nasdaq Composite all rose amid market expectations of a Fed interest rate cut.

    Broader recovery follows last week’s sell-off, which saw Bitcoin dip to lows of $114k to dampen investor confidence across the ecosystem.

    However, with a rebound in equities spilling over into the crypto, BTC is up to $115k.

    A spike for RWA tokens has MORPHO eyeing a break to $2.00.

    With gains also for Plume and Centrifuge, a continuation of upside momentum could push MORPHO to February highs of $2.5 and likely allow for a new all-time high in coming months.

    MORPHO’s price surged to its all-time peak of $4.17 in January 2025.

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  • Bitcoin price dip seen as ‘perfect bottom’ by analyst; technicals target $148K

    Bitcoin price dip seen as ‘perfect bottom’ by analyst; technicals target $148K

    Bitcoin price dip seen as 'perfect bottom' by analyst; technicals target $148K

    • Bitcoin has dropped 7.5% since its recent all-time high of ~$123,250, but analysts see this as a potential “perfect bottom.”
    • BTC has successfully retested its 50-day EMA, a support level that preceded a 25% rebound in June.
    • A classic inverted head-and-shoulders (IH&S) technical pattern now targets a price of $148,250.

    Bitcoin has pulled back by 7.50% in the three weeks since it established a new record high of around $123,250.

    However, far from signaling the end of the bull run, some analysts believe this recent dip may be the final “shakeout” before a significant breakout, with technical patterns now pointing towards a potential rally to nearly $150,000.

    On Sunday, Bitcoin successfully reclaimed its 50-day exponential moving average (50-day EMA) as a key support level, after briefly dipping below it a day earlier.

    This particular moving average has historically served as a reliable launchpad for initiating fresh rallies in Bitcoin’s price.

    A similar scenario played out in June, for instance, when a brief drop below this very same wave of support preceded a sharp 25% rebound in the cryptocurrency’s value.

    Now, it appears that Bitcoin may be repeating this same technical setup. Analyst “BitBull” suggests that the cryptocurrency could be poised for a June-like rally in the coming days.

    He argues that even if the price were to drop further into the 110,000-112,000 range, it would effectively establish a “perfect bottom” for Bitcoin, potentially setting the stage for the next significant move higher.

    A classic breakout pattern targets $148,000

    The importance of the 50-day EMA as a support level is further reinforced by its alignment with the “neckline” of Bitcoin’s prevailing inverted head-and-shoulders (IH&S) pattern.

    This classic technical analysis pattern is often seen as a strong indicator of a bullish reversal.

    After initially breaking above this neckline, Bitcoin’s price has now pulled back to retest it—a typical post-breakout move. The fact that the price has bounced off this retested level reinforces the validity of the bullish reversal setup.

    This successful neckline retest now signals that Bitcoin may be entering the continuation phase of its breakout. According to the technicals of the IH&S pattern, the price is now targeting a move toward the $148,250 level.

    This is remarkably close to the widely anticipated $150,000 upside target that many analysts have forecasted for Bitcoin in 2025, with many expecting it to happen around October.

    Whale watching: on-chain data signals a ‘cyclical cooling phase’

    On-chain data provides further evidence that Bitcoin’s ongoing price dip may be a precursor to another major breakout.

    According to data from CryptoQuant, the Bitcoin market has experienced three major waves of profit-taking by large “whale” investors during the 2023–2025 bull market.

    The first of these waves followed the landmark launch of U.S. spot ETFs in March 2024. The second occurred after Bitcoin broke the $100,000 mark following the Trump election in late 2024.

    The third, and most recent, wave took place in July 2025, after a breakout over $120,000 triggered a massive 80,000 BTC sell-off by a long-time “old whale” investor.

    In a report published on Friday, CryptoQuant analysts noted that each of these waves of profit-taking was followed by a period of price consolidation or a moderate correction, typically lasting between two to four months.

    “These cooling phases have historically set the stage for renewed accumulation and a subsequent breakout to new all-time highs,” they wrote.

    The analysts concluded, “The data provides compelling evidence that the market is undergoing another cyclical cooling phase, consistent with prior waves that preceded periods of consolidation and later breakouts to higher prices.”

    This suggests that the current dip is not an end to the bull market, but rather a healthy and necessary part of its cycle.

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  • Solana price forecast as SOL bulls look to buy the dip

    Solana price forecast as SOL bulls look to buy the dip

    Solana price prediction

    • Solana has fell 7.6% in the past 24 hours to touch lows of $166.
    • The technical outlook on the daily chart shows price is taking on a bearish flip.
    • Bulls bouncing amid crypto recovery could target $200.

    Solana has experienced a 7.6% dip in the past 24 hours to touch lows of $166, with declines coming amid widespread selling across crypto.

    But as the volatility prompts some investors to take profits, bulls are likely eyeing the downturn as a buying opportunity.

    Here’s a look at the technical picture for SOL.

    Solana drops to key support level

    As highlighted, Solana’s price has declined by about 7.6% in the past 24 hours, trading to lows near $166.

    CoinMarketCap data shows Solana’s 24-hour trading volume increased by about 25% to $7.38 billion, which hints at heightened market activity.

    It’s an outlook that mirrors the broader crypto market performance, with Bitcoin (BTC) selling-off to below $115k, Ethereum (ETH) to around $3,500 and XRP down 7% to around $2.90.

    Losses across board saw total liquidations reach $758 million in the last 24 hours, with SOL seeing about $43.8 million liquidated.

    The sudden price dip meant most of the liquidations are of bullish Solana bets, which Coinglass data shows at $42 million of the $43.8 million.

    A bearish sentiment amid this flip has SOL currently hovering at a key support level.

    Could bulls capitalize on the dip to build fresh momentum towards $200? Continued network growth, as highlighted by key metrics such as active users and revenue, suggests Solana is strong long term.

    Solana price prediction

    The Solana price prediction for 2025 is largely bullish, with analysts seeing it as a key breakout level.

    Conservative forecasts put SOL at $500 by the end of 2025, mainly driven by Solana’s robust ecosystem and institutional interest.

    Spot ETFs and regulatory tailwinds could be the main catalyst.

    However, what’s the short-term outlook as cryptocurrencies navigate yet another sell-off phase?

    SOL price chart by TradingView

    The technical outlook on the daily chart shows the price remains within an ascending channel, but has broken below the middle line.

    Meanwhile, the Relative Strength Index (RSI) stands at 45, below the midpoint after SOl flipped from overbought territory.

    The RSI indicator is also downsloping to suggest a potential move toward the oversold zone.

    SOL’s daily chart also shows the Moving Average Convergence Divergence (MACD) indicators hinting at bearish momentum after a bearish crossover.

    While a drop below $160 may test lower supports at $145 and $130, a reversal amid buying pressure will allow buyers to target $200.

    As noted, some analysts are predicting SOL price to $500 in a sharp rally amid spot Solana ETFs approval.

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  • XRP price forecast: XRP dips 7% as crypto downturn threatens bulls

    XRP price forecast: XRP dips 7% as crypto downturn threatens bulls

    XRP Price

    • XRP price fell 7% in the past 24 hours amid a broader crypto crash to touch lows of $2.90.
    • Daily trading volume jumped 28% to $8.2 billion as panic selling spread.
    • XRP’s technical outlook suggests further price declines.

    Ripple’s XRP is one of the top losers in the leading cryptocurrencies by market segment as the cryptocurrency market faces fresh turbulence.

    Amid a broader crypto downturn, the XRP price has fallen 7% in the past 24 hours to touch lows of $2.90.

    This decline below the key level of $3.00 comes as Bitcoin hovers below $115k after another aggressive sell-off, with Ethereum, Solana and BNB also paring gains.

    Macroeconomic headwinds and whale sell-offs are likely to drive further volatility across the market, with a bearish flip, bad news for altcoins.

    However, could XRP’s strength see bulls rebound off support to eye new all-time highs?

    XRP price – bulls fail to hold $3.00 amid crypto downturn

    In the past 24 hours, XRP’s price has dropped from highs of $3.18 to lows of $2.90 across major exchanges.

    While the 7% dip aligned with other top 10 coins, it’s notable that XRP slipped below the critical $3.00 threshold.

    Daily trading volume rose 28% to over $8.2 billion, reflecting the level of panic selling that XRP has seen in the past 24 hours.

    As noted, Ripple’s XRP dipped amid Bitcoin’s notable drop to lows near $114k.

    Increased whale selling, in recent weeks, from long-dormant coins, combined with overall macroeconomic headwinds, to scattered bulls’ plans.

    Per Coinglass data, these declines have led to total liquidations across the crypto market jumping 79% to more than $758 million in 24 hours.

    ETH led with over $229 million in leveraged positions wiped out, and BTC saw $179 million in forced exits.

    On the other hand, XRP accounted for $41 million, with most of these long positions totalling over $40 million.

    A surge in liquidations, particularly, could fade bullish sentiment and allow bears to target lower levels.

    The declining open interest, which fell 10% to $7.77 billion, hints at the reduced speculative activity.

    Ripple price prediction

    XRP’s technical outlook suggests price is revisiting a key support area, highlighted on the chart below.

    XRP price chart by TradingView

    On the daily chart, the Relative Strength Index (RSI) stands at 48 after retreating from overbought levels, and its dip suggests a potential continuation of the bearish momentum.

    Furthermore, the Moving Average Convergence Divergence (MACD) shows a bearish crossover.

    The histogram bars forming below the zero line indicate weakening momentum as bears strengthen.

    If XRP price breaks below a break below $2.73, bears could accelerate the slide toward the $2.00 psychological support level.

    On the flipside, a recovery above $3.00 could signal renewed momentum and allow bulls to target $3.55 and then $4.

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  • Bitcoin price forecast: White House crypto report omitted BTC reserve update

    Bitcoin price forecast: White House crypto report omitted BTC reserve update

    Bitcoin price forecast

    • White House report omitted Bitcoin reserve update.
    • BTC holds steady near $118k with bullish technical signals.
    • ETF inflows and low selling pressure fuel price optimism.

    Bitcoin (BTC) is entering August 2025 in a position of strength, despite growing anticipation over a missed opportunity in Washington.

    On July 31, the White House released its long-awaited crypto policy report, but to the dismay of Bitcoin advocates, it made no substantive update on the Strategic Bitcoin Reserve initiative first announced in March.

    Nevertheless, as the federal silence lingered, market indicators revealed that BTC could be gearing up for another bullish breakout.

    This disconnect between regulatory direction and market performance is reshaping sentiment as traders weigh both political cues and on-chain metrics.

    White House fails to clarify on BTC reserve

    For months, Bitcoin supporters had looked forward to the July crypto policy report, especially after the Trump administration signalled a pro-Bitcoin stance earlier this year.

    In March, an executive order established the Strategic Bitcoin Reserve, drawing comparisons to El Salvador’s bold accumulation strategy.

    Hopes were high that the report would outline further steps to expand the reserve or detail future BTC acquisitions by the US government.

    However, the 166-page report only briefly mentioned the reserve initiative. Tucked away in its final section, the mention served more as a recap than an expansion plan.

    While the document introduced detailed proposals on regulation, banking access, and tax reform, it failed to address whether the US would actively purchase Bitcoin as a strategic asset.

    The omission disappointed many in the crypto community. Several analysts called it a missed opportunity, especially given Bitcoin’s growing stature on the global asset leaderboard.

    Still, others viewed the report’s tone as a step forward, with Bitcoin now being discussed independently from other digital assets — a clear sign of evolving recognition.

    Bitcoin (BTC) is resilient despite political ambiguity

    Even without direct government support through reserve accumulation, Bitcoin’s performance remains robust.

    The cryptocurrency surged to a new all-time high of approximately $123,000 on July 14.

    After a modest correction, it has been consolidating in a tight range between $117,000 and $118,000, currently trading at $118,383.

    This steady behaviour comes even as the broader crypto market has experienced more dramatic swings.

    The contrast has sparked speculation that Bitcoin’s price is preparing for a sharp move. Given the current low selling pressure and increased institutional interest, any upward shift could gather momentum quickly.

    The GENIUS Act, signed recently into law, also added to Bitcoin’s tailwinds by making stablecoins more accessible.

    Although rate cuts did not materialise in the latest Federal Reserve decision, the steady macro environment appears to be offering BTC room to rally independently.

    ETF inflows and technical signals remain bullish

    Market structure continues to favour the bulls. Spot Bitcoin ETFs saw massive inflows in mid-July, with over $2 billion entering the market in just two days.

    BlackRock’s IBIT alone now holds more than $80 billion in assets under management. These ETFs are now among the largest Bitcoin holders, owning around 1.4 million BTC — roughly 6.6% of the total supply.

    On the technical side, the MVRV ratio currently sits near its 365-day average at 2.2, historically a level that precedes major rallies.

    Bollinger Bands are tightening, and the RSI remains neutral at 42.65, suggesting there’s still room for price expansion.

    Bitcoin price analysis

    Going by the technical analysis, if BTC breaks above $119,900, a return to its all-time high could be swift.

    Trade volume also supports this outlook. In the past 24 hours alone, Bitcoin’s volume rose by 12%, reaching $70.3 billion.

    This growing activity, paired with strong holding behaviour among long-term investors, signals that upward pressure could intensify in the coming days.

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  • Ethereum price prediction: ETH derivatives data shows weak momentum

    Ethereum price prediction: ETH derivatives data shows weak momentum

    Ethereum price prediction

    • ETH derivatives show weak momentum despite strong ETF inflows.
    • Ethereum’s network activity and TVL continue to decline.
    • Technical analysis hints at long-term upside, but traders stay cautious.

    Ethereum (ETH) has seen a strong price surge in recent weeks, gaining more than 54% over the past month and trading at around $3,755 at press time.

    However, despite this rally and strong spot ETF inflows, derivatives market data paints a very different picture, casting doubt on whether Ethereum can break through the psychologically significant $4,000 level any time soon.

    In essence, the disconnect between bullish institutional inflows and weak derivatives metrics raises several questions for market participants.

    Is Ethereum’s recent rally sustainable, or is it merely a reflection of speculative optimism driven by ETF hype?

    Furthermore, are investors losing confidence in Ethereum’s network fundamentals amid rising competition from rival blockchains?

    Derivatives market tells a cautious tale

    While Ethereum’s spot market has been energised by inflows into exchange-traded funds, futures data shows traders are hesitant to commit to leveraged bullish positions.

    As of Thursday, the annualised funding rate for ETH perpetual futures had fallen back to 9%, down from 19% earlier in the week, with the ETH OI-weighted funding rate dropping to 0.0043% from 0.0163% on July 21.

    ETH OI-weighted funding rate

    This suggests waning demand for long positions, even after a near 46% gain in ETH price since early July.

    This behaviour is unusual. Historically, rising prices coincide with stronger futures premiums, yet the current trend indicates hesitation.

    The 3-month ETH futures premium has also softened slightly to 6%, down from 8% just days ago.

    While this still sits within a neutral range, it reveals a reluctance among whales and market makers to bet aggressively on further price appreciation in the near term.

    Ethereum network weakness frustrates investors

    The cautious tone in derivatives is likely being fueled by stagnant on-chain activity.

    Ethereum’s total value locked (TVL) dropped to a five-month low of 23.4 million ETH, falling 11% in just 30 days.

    That sharp decline comes despite ETH’s rising dollar value and highlights a significant reduction in the volume of assets being deployed within the ecosystem.

    In contrast, Solana’s TVL only fell 4% during the same period, while BNB Chain’s TVL rose 15% in native token terms.

    These shifts show that competing platforms are either maintaining or growing their utility at a time when Ethereum’s activity appears to be plateauing.

    Even more concerning is Ethereum’s decline in dominance among decentralised exchange (DEX) volumes.

    According to DefiLlama, Ethereum recorded $81.32 billion in DEX activity over the past month.

    Solana surpassed that with $82.9 billion, while BNB Chain led with a staggering $189.2 billion.

    These figures highlight that Ethereum is no longer the go-to platform for certain core DeFi activities.

    Technical analysis signals a mixed ETH price outlook

    Despite lukewarm derivative activity, technical analysts remain divided on Ethereum’s future trajectory.

    Popular investor Ivan On Tech has pointed to a symmetrical triangle pattern that could lead to a breakout toward $7,709, more than double the current price.

    Meanwhile, another analyst, Mikycrypto Bull, has identified a long-term ascending triangle formation dating back five years, which could theoretically launch ETH as high as $16,700.

    Adding to the bullish sentiment is a recent MACD crossover on the monthly chart, a signal that has preceded major rallies in previous cycles.

    However, while long-term technicals hint at explosive potential, short-term forecasts are more cautious.

    ETH must first break through $4,100 and hold above $3,700 to sustain its upward momentum.

    Corporate confidence grows amid market doubts

    Institutional and corporate adoption of Ethereum continues to grow.

    Firms such as SharpLink Gaming and World Liberty Financial have accumulated substantial ETH reserves in recent months.

    SharpLink now holds over 438,000 ETH and actively stakes its assets to generate passive income.

    World Liberty Financial has acquired over 77,000 ETH, with recent purchases near $3,294 per coin.

    These moves suggest that some institutions are positioning Ethereum as a long-term strategic asset.

    Their investments reflect confidence in Ethereum’s evolving role as foundational infrastructure for decentralised applications and finance.

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