At the Bitcoin Asia conference 2025, Binance CEO CZ shared his strong belief that Bitcoin will one day become the world’s global reserve currency. He emphasized Bitcoin’s growing importance in the financial system and its potential to reshape how money works globally. CZ sees Bitcoin as a secure, transparent, and widely accepted asset that could …
The crypto market is beginning to steady after a volatile week. Total market capitalization climbed by $13 billion in the past 24 hours, now standing at $3.82 trillion. Importantly, the $3.81 trillion level is holding as support, acting as a base for broader market stability. Bitcoin trades at $111,477, with resistance at $112,500 and a …
Ryan Gentry, former business lead at Lightning Labs, has filed for a $200 million SPAC called Bitcoin Infrastructure Acquisition Corp, which plans to list on Nasdaq as “BIXIU.” The SPAC will focus on investing in companies involved in digital assets, Web3, and financial infrastructure. Key board members include the COO of DeFi Development Corp and …
Data shows social media sentiment around Solana has hit a 11-week high following the latest recovery surge in the cryptocurrency’s price. Solana Is Now Observing 5.8 Bullish Comments For Every Bearish Post In a new post on X, analytics firm Santiment has discussed about the latest trend in the Positive/Negative Sentiment for Solana. This indicator tells us about how the bullish and bearish comments related to SOL currently compare on the major social media platforms. The metric uses a machine-learning model to judge whether a given post/thread/message is positive or negative. Once it has separated the texts into the two categories, it counts them up and finds their ratio. Related Reading: Bitcoin Rally Over? CryptoQuant’s Bull Score Index Turns Bearish Now, here is the chart shared by the analytics firm that shows the trend in the Solana Positive/Negative Sentiment over the last couple of months: As displayed in the above graph, the Solana Positive/Negative Sentiment has witnessed a sharp increase recently, indicating that positive comments related to the cryptocurrency have ramped up. Currently, there are 5.8 positive posts appearing for every negative post. This is the highest that the ratio’s value has been since June 11th, more than two months ago. The rise in bullish sentiment is a result of the 16% price surge that SOL has enjoyed over the past week. While some excitement after rallies is normal, an excess of it can be something to watch out for. This is because digital assets have historically tended to move in a way that goes contrary to the expectations of the majority. This means that a large amount of hype among social media users can lead to tops. Similarly, widespread fear can facilitate the formation of a bottom. With the Positive/Negative Sentiment sitting on an 11-week high, it now remains to be seen whether trader FOMO would become an obstacle in the Solana rally. In some other news, Santiment has shared an update on how projects on the SOL blockchain currently rank up against each other in terms of the Development Activity. The “Development Activity” refers to a metric that measures, as its name suggests, the total amount of work that the developers of a given cryptocurrency project are putting in on its public GitHub repositories. Related Reading: Bitcoin & Ethereum Whale Populations Quietly Growing, On-Chain Data Reveals Below is a table that shows the 30-day value of the metric for the top projects in the SOL ecosystem. It would appear that the king of the SOL ecosystem is none other than Solana itself, with a Development Activity value of 138.37. Wormhole (W) and Drift (DRIFT) are the next best projects with metric values of 41.47 and 31.9, respectively. SOL Price At the time of writing, Solana is trading around $212, up 1.6% over the past day. Featured image from Dall-E, Santiment.net, chart from TradingView.com
The race to launch the first SEI ETF in the U.S. is heating up. Crypto asset manager 21Shares has filed with the SEC for an ETF that will track the price of SEI, just months after Canary Capital submitted its own application in April. This sets the stage for a head-to-head battle between the two …
US Bitcoin ETFs reached $10 billion in daily volumes, closing in on daily spot volumes on major exchanges.
Through community fundraising, the free Roman Storm defense fund has raised nearly $5.5 million to aid with his legal defense.
Tiger’s model pegs a “base price” of $135,000, then layers on multipliers for fundamentals (+3.5%) and macro conditions (+35%) to reach the $190,000 forecast.
The Hong Kong-listed crypto firm reported HK$195.4 million ($25.1 million) in total revenue in H1, up 58% year-on-year.
Ethereum’s institutional appeal is fueling ETF inflows and outperforming Bitcoin, even as broader crypto markets stall.
Chinese money launderers have been moving billions through US financial institutions to aid Mexican drug cartels, yet lawmakers still point the finger at crypto.
Tokenization of real-world assets (RWAs) is accelerating, bringing stablecoins, treasury bills, real estate and more into the crypto ecosystem, CZ added.
Solana started a fresh increase above the $200 zone. SOL price is now consolidating above $212 and might aim for more gains above the $220 zone. SOL price started a fresh upward move above the $200 and $212 levels against the US Dollar. The price is now trading above $212 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $212 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $220 resistance zone. Solana Price Extends Surge Solana price started a decent increase after it found support near the $192 zone, beating Bitcoin and Ethereum. SOL climbed above the $200 level to enter a short-term positive zone. The price even smashed the $205 resistance. The bulls were able to push the price above the $212 barrier. A high was formed at $217 and the price is consolidating gains above the 23.6% Fib retracement level of the upward move from the $185 swing low to the $217 high. Solana is now trading above $212 and the 100-hourly simple moving average. There is also a bullish trend line forming with support at $212 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $218 level. The next major resistance is near the $220 level. The main resistance could be $225. A successful close above the $225 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $250 level. Downside Correction In SOL? If SOL fails to rise above the $220 resistance, it could start another decline. Initial support on the downside is near the $212 zone. The first major support is near the $210 level. A break below the $210 level might send the price toward the $202 support zone and the 50% Fib retracement level of the upward move from the $185 swing low to the $217 high. If there is a close below the $202 support, the price could decline toward the $195 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $212 and $202. Major Resistance Levels – $220 and $225.
TRON (TRX) has been showing signs of slowing momentum after its climb near previous highs. The token is currently priced at $0.3486, reflecting a 19.2% decline from its all-time high of $0.4313 recorded late last year. Over the past week, the market has seen limited upward movement, with TRX trading in a narrow range, suggesting muted buying pressure. On-chain analysts are closely watching TRON’s market dynamics as it approaches a potential inflection point. According to data shared on CryptoQuant’s QuickTake platform, TRX is exhibiting conditions that mirror earlier phases in its history where heightened optimism preceded corrections. The combination of rising sentiment indicators and technical positioning has sparked debate on whether TRX is preparing for a breakout or facing increased risk of retracement. Related Reading: TRON Defies the Market: Outpaces Ethereum, XRP, and Solana in BTC Pair Performance Market Conditions and On-Chain Metrics CryptoQuant contributor CryptoOnchain explained that TRX is at the edge of a critical zone, with “Extreme Greed” sentiment levels dominating investor behavior. Historically, such phases have led to either price discovery above resistance or sharp pullbacks when momentum fails to sustain. The analyst noted that the gap between TRX’s spot price and its realized price has widened, indicating substantial unrealized gains in the market. This divergence often increases incentives for holders to secure profits, adding to potential selling pressure. The on-chain data further highlights that TRX is approaching its upper value band, an area typically associated with overbought conditions. CryptoOnchain noted: TRX is at a critical juncture: a breakout above the all-time high could lead to further upside, but there is also a real risk of a correction. Traders should proceed with caution. To mitigate risks, strategies such as trailing stop-losses and partial profit-taking were recommended, especially given the heightened levels of speculative optimism. Stablecoin Dominance on the TRON Network While price performance has drawn attention, another significant factor shaping TRON’s trajectory is its growing role in stablecoin settlements. CryptoQuant analyst Burak Kesmeci recently emphasized that stablecoin transfers heavily dominate TRON’s ecosystem in 2025. Data shows: USDT: over 383 million transfers. Wrapped TRX (WTRX): 3 million. PayNet Coin: 1.88 million. USDD: 585,000. This activity shows TRON’s positioning as the leading blockchain for USDT transactions, benefitting from its relatively low fees and high throughput. The passage of the US Genius Act, which reinforced the role of certain blockchains in stablecoin settlements, further boosted TRON’s relevance in global payment flows. The analyst argues that while speculative trading around TRX’s price dominates headlines, its utility-driven demand in stablecoin transfers provides a strong foundation for long-term resilience. Related Reading: TRON Spot Market Signals Relief – Seller Dominance Weakens After Cycle High With over 90% of its transaction activity tied to USDT, TRON’s role as an infrastructure layer for digital dollar settlements remains one of its key strengths. Featured image created with DALL-E, Chart from TradingView
The U.S. crypto landscape has entered a new era after President Donald Trump signed the country’s first cryptocurrency law. Once a vocal skeptic, Trump now calls himself the “most pro-crypto commander-in-chief in history.” His push to reshape America into the global leader of digital finance has already stirred strong debate. Amid this backdrop, Syed Musheer …
Standing out in a crowd of job applicants is already tough, and recruiters say crypto applicants are making simple mistakes that hurt their chances even further.
A team of crypto executives has banded together to raise $200 million for a special acquisition company, which will look for a crypto business to take public.
XRP price is struggling to clear the $3.080 resistance zone. The price is now declining and might extend losses if it drops below $2.920. XRP price is correcting gains from the $3.080 resistance. The price is now trading near $2.9650 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3.020 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to decline if it stays below the $3.050 zone. XRP Price Faces Hurdles XRP price started a downside correction from $3.0850, like Bitcoin and Ethereum. The price traded below the $3.0650 and $3.050 levels. The bears were able to push the price below $2.980 and the 100-hourly Simple Moving Average. Moreover, there was a spike below the 50% Fib retracement level of the upward move from the $2.824 swing low to the $3.080 high. The price is now trading below $2.9650 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $3.020 on the hourly chart of the XRP/USD pair. If the bulls protect the $2.920 support, the price could attempt another increase. On the upside, the price might face resistance near the $3.00 level. The first major resistance is near the $3.020 level. A clear move above the $3.020 resistance might send the price toward the $3.080 resistance. Any more gains might send the price toward the $3.120 resistance. The next major hurdle for the bulls might be near $3.150. More Losses? If XRP fails to clear the $3.020 resistance zone, it could continue to move down. Initial support on the downside is near the $2.920 level or the 61.8% Fib retracement level of the upward move from the $2.824 swing low to the $3.080 high. The next major support is near the $2.8850 level. If there is a downside break and a close below the $2.8850 level, the price might continue to decline toward $2.80. The next major support sits near the $2.780 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.920 and $2.840. Major Resistance Levels – $3.020 and $3.080.
Ethereum (ETH) is slowly making a larger market footprint as institutional capital continues to rotate away from Bitcoin. Spot Ether ETFs have recorded nearly $10 billion in inflows since July, far surpassing Bitcoin ETF demand over the same period. Related Reading: XRP Whales Unload Massive Bags: Distribution Or Trap? According to K33 Research, Bitcoin’s open interest has surged to a two-year high of $34 billion, raising concerns about excessive leverage, while Ethereum’s consistent capital inflows highlight growing confidence in its long-term role. Notably, a Bitcoin whale recently swapped 22,400 BTC for ETH, pushing Ethereum to a new all-time high near $4,956. This move accelerated the ETH/BTC ratio to 0.041, signaling that institutional money may be repositioning toward Ethereum’s ecosystem. Why ETH is Wall Street’s Favorite Crypto Wall Street has increasingly embraced Ethereum as the preferred blockchain for stablecoin settlements, decentralized finance (DeFi), and tokenized assets. VanEck CEO Jan van Eck even called ETH “the Wall Street token,” citing its programmable smart contracts and staking yields that set it apart from Bitcoin’s passive “digital gold” narrative. Data shows that over 19 public companies now hold 2.7 million ETH in their treasuries, leveraging staking for steady income. Similarly, investment advisers hold $1.3 billion in Ether ETF exposure, with Goldman Sachs accounting for more than half the amount. The GENIUS Act stablecoin legislation, passed earlier this year, has further boosted institutional confidence by cementing Ethereum’s role in regulated financial systems. ETH's price trends to the upside on the daily chart. Source: ETHUSD on Tradingview Ethereum Price Predictions: $6K–$12K Targets Analysts are increasingly bullish on Ethereum’s projections. Short-term targets point to a breakout above $5,200 and potentially $6,000 in September, with some projections extending as high as $12,000 by year-end. This optimism stems from Ethereum’s dominance in stablecoin infrastructure (over $145 billion), strong ETF flows, and improving technical setups. Historically, Ethereum rallies have coincided with altcoin seasons, but experts caution that the broader market has yet to show signs of overheating. With ETH currently trading around $4,620, analysts note that holding above $4,500 support could be the launchpad for the next major leg higher. Related Reading: XRP’s Biggest Doubter Just Dropped Close To $5 Price Bomb — Here’s Why As traditional finance merges deeper into decentralized ecosystems, Ethereum’s yield generation, programmability, and regulatory clarity positions it as the perfect asset to surpass Bitcoin in institutional adoption. Cover image from ChatGPT, ETHUSD on Tradingview
Miran's potential Fed appointment could shift monetary policy towards lower interest rates, aligning with Trump's economic agenda and impacting market dynamics.
The post Trump’s pick for Fed seat Stephen Miran scheduled for Senate Banking hearing on September 4 appeared first on Crypto Briefing.
Ethereum price started a fresh decline from the $4,700 zone. ETH is now showing bearish signs and might gain bearish momentum if it declines below $4,400. Ethereum is still struggling to settle above the $4,630 zone. The price is trading below $4,550 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $4,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses and dive if there is a close below $4,400 in the near term. Ethereum Price Dips Again Ethereum price started a recovery wave after it tested the $4,320 zone, like Bitcoin. ETH price was able to climb above the $4,400 and $4,450 resistance levels. The price surpassed the 23.6% Fib retracement level of the key decline from the $4,955 swing high to the $4,310 low. However, the bears remained active near the $4,630 resistance zone. There were two attempts, but the bulls failed to gain strength. The 50% Fib retracement level of the key decline from the $4,955 swing high to the $4,310 low is acting as a barrier. The price reacted to the downside below $4,600. Besides, there was a break below a bullish trend line with support at $4,550 on the hourly chart of ETH/USD. Ethereum price is now trading below $4,550 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,550 level. The next key resistance is near the $4,600 level. The first major resistance is near the $4,630 level. A clear move above the $4,630 resistance might send the price toward the $4,720 resistance. An upside break above the $4,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,800 resistance zone or even $4,880 in the near term. More Losses In ETH? If Ethereum fails to clear the $4,550 resistance, it could continue to move down. Initial support on the downside is near the $4,440 level. The first major support sits near the $4,400 zone. A clear move below the $4,400 support might push the price toward the $4,320 support. Any more losses might send the price toward the $4,250 support level in the near term. The next key support sits at $4,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,400 Major Resistance Level – $4,550
Bitcoin’s price remains under pressure after retreating from its record high above $124,000 earlier this month. At the time of writing, BTC is trading at $113,146, reflecting a decline of 8.7% from its recent peak, though it has recorded a modest 1.8% daily increase. The movement highlights ongoing volatility, as investors weigh both on-chain metrics and broader market sentiment to determine whether the bull cycle can regain strength. Analysts have pointed to a shift in behavior among large traders, particularly on Binance, the world’s largest exchange by volume. According to Arab Chain, a contributor to CryptoQuant’s QuickTake platform, the activity of whales, investors with large holdings, has played a significant role in recent corrections. His analysis of August trading activity suggests that weakened momentum and renewed selling pressure may explain the inability of Bitcoin to sustain its highs. Related Reading: Bitcoin And The September Curse: Can This Time Be Different? Whale Activity on Binance Signals Weakening Momentum Arab Chain noted that throughout July, Bitcoin fluctuated between $118,000 and $122,000 in what he described as a “trendless” market, with low volatility and limited directional moves. During this period, inactive deltas, which measure the circulation of older coins, declined, suggesting whales had paused selling or temporarily exited the market. However, by mid-August, the trend reversed as inactive deltas surged, signaling that long-held coins were again being moved and potentially sold. This activity coincided with Bitcoin’s drop below $112,000, with the Delta indicator remaining near zero, an absence of clear buying pressure. Arab Chain explained that the lack of demand amid increased coin circulation typically results in corrections. “Large investors are selling again without a strong wave of new buyers emerging to balance the effect. This isn’t the end of the bullish cycle, but the momentum is starting to lose steam,” he said. He added that future price movements may depend on whether new catalysts, such as macroeconomic developments or institutional inflows, can reignite demand. Bitcoin Exchange Data Highlights Mixed Sentiment Another CryptoQuant analyst, TraderOasis, examined several metrics to provide further context. He observed that the Coinbase Premium Index, which compares trading activity between US exchanges and global platforms, showed accumulation even as prices fell. This suggests some investors, possibly institutions, were buying during the dip. However, he flagged caution given that the funding rate remained positive, a sign that traders were still leaning bullish even as prices declined, raising concerns about the risk of a liquidity reset. TraderOasis also pointed to open interest, or the number of outstanding derivatives contracts, as a key factor. He argued that open interest often acts as support or resistance relative to spot price. Currently, open interest sits above the market price, which could act as resistance unless broken. “If this level is broken, the price will continue to rise,” he noted. Together, these insights reveal a complex backdrop. While long-term adoption metrics and institutional buying remain supportive, short-term dynamics show cautious sentiment and potential for volatility. With whales selling, stablecoin inflows rising, and derivatives markets heating up, Bitcoin’s next move will likely depend on whether demand can reassert itself strongly enough to offset recent profit-taking. Featured image created with DALL-E, Chart from TradingView
The crypto market is moving sideways today, holding a total market cap of $3.87 trillion, a mild uptick of 0.12% in the past 24 hours. XRP is showing signs of short-term strength, but the bigger picture still points toward danger. Bearish Divergence Still in Play On the weekly time frame, XRP continues to show a …
Bitcoin price is showing bearish signs below $113,000. BTC is struggling to recover and might start another decline below the $111,000 zone. Bitcoin started a recovery wave above the $109,550 zone. The price is trading below $112,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $112,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it breaks the $110,750 support zone. Bitcoin Price Dips Again Bitcoin price attempted a fresh recovery wave from the $108,734 low. BTC was able to climb above the $109,500 and $110,000 resistance levels. The price surpassed the 23.6% Fib retracement level of the key drop from the $117,355 swing high to the $110,734 low. The bulls even pushed the price above the $112,500 resistance zone. However, the price struggled to stay above the $113,000 resistance. It retreated from the 50% Fib level of the key drop from the $117,355 swing high to the $110,734 low. Besides, there was a break below a key bullish trend line with support at $112,000 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $112,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $112,400 level. The first key resistance is near the $113,000 level. The next resistance could be $113,500. A close above the $113,500 resistance might send the price further higher. In the stated case, the price could rise and test the $114,000 resistance level. Any more gains might send the price toward the $115,500 level. The main target could be $116,500. More Losses In BTC? If Bitcoin fails to rise above the $113,000 resistance zone, it could start a fresh decline. Immediate support is near the $110,750 level. The first major support is near the $110,000 level. The next support is now near the $109,500 zone. Any more losses might send the price toward the $108,500 support in the near term. The main support sits at $106,500, below which BTC might decline sharply. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $110,750, followed by $109,500. Major Resistance Levels – $112,500 and $113,000.
Stellar (XLM) is fast approaching a major milestone as the network closes in on 10 million accounts, fueled by a surge of institutional adoption. Current figures show 9.69 million active wallets, with an impressive 5,000-6,000 new addresses joining daily. Related Reading: XRP’s Biggest Doubter Just Dropped Close To $5 Price Bomb — Here’s Why This growth reflects more than retail speculation as it signals meaningful enterprise adoption in payments, tokenized deposits, and cross-border transactions. Unlike different hyped assets, Stellar has quietly built its reputation as a trusted blockchain solution. The network’s focus on compliance and financial-grade use cases is drawing banks, fintech firms, and remittance providers. With over $150 million in total value locked and consistent wallet creation, Stellar is showing signs of steady, sustainable growth that could lay the groundwork for a major price rally. Why Institutions Are Going Big on Stellar Institutional money is playing a key role in Stellar’s momentum. From partnerships with MoneyGram and Circle to recent pilots with central banks and fintechs like VersaBank, XLM is becoming a practical tool for global finance. VersaBank, for example, has begun testing tokenized deposits (USDVB) on Stellar alongside Ethereum and Algorand, mirroring confidence in Stellar’s scalability and compliance. This steady inflow of enterprise adoption is critical. Unlike retail-driven spikes, institutional backing provides consistent liquidity and long-term confidence. Analysts suggest that the growth of network growth and enterprise demand could act as the spark for XLM’s next breakout, especially if it pushes past psychological resistance at $0.50. XLM Price Forecast: $0.48 to $0.57 in Sight Currently Stellar trades around $0.38, hovering near its key support levels. Technical indicators suggest the cryptocurrency is preparing for a bullish reversal. The Relative Strength Index (RSI) sits in neutral territory, while narrowing MACD patterns hint at fading bearish momentum. XLM's price moving sideways on the daily chart. Source: XLMUSD on Tradingview Analysts project short-term targets between $0.42 and $0.44, with a medium-term breakout toward $0.48–$0.57 by late September. If XLM clears resistance at $0.50, institutional demand could push the price higher, with some models pointing to the $0.60–$0.77 range as the next major battleground. Related Reading: Analyst Says XRP Price Is Set To Hit $4 If It Breaks This Resistance Line However, failure to hold above $0.37 could expose Stellar to a deeper pullback toward $0.29. For now, the bullish case outweighs the bearish scenario, and with Stellar nearing 10 million accounts, many traders see this as a defining moment for XLM’s long-term trajectory. Cover image from ChatGPT, XLMUSD chart from Tradingview
SEI is the native token of the Sei network, a layer-1 blockchain specializing in trading infrastructure for decentralized exchanges and marketplaces.
Bitcoin miner IREN rose 14% in after-hours trading after posting a record $187.3 million revenue in the last quarter, as it continues to expand into AI.
Although Ethereum (ETH) failed to break the $5,000 mark on August 24 – pulling back from a new all-time high (ATH) of $4,956 – the second-largest cryptocurrency by market cap may soon cross that milestone, driven by booming new contract activity. Ethereum New Contract Activity Booming – Will Price Follow? According to a CryptoQuant Quicktake post by contributor PelinayPA, a sharp rebound in Ethereum contracts could be seen in 2024 and 2025. This year specifically, new contracts surged dramatically as ETH price climbed beyond $4,500. The CryptoQuant contributor highlighted that during the 2016-17 market cycle, new contract activity remained relatively muted. Despite the subdued activity, ETH price entered a strong uptrend. Related Reading: Ethereum Price Lags Despite All-Time High In Daily Transactions – What’s Next For ETH? On the contrary, following the 2018 bull run, ETH entered a price downtrend despite a rise in new contracts. ETH’s price reaction to a growth in new contracts showed that usage growth could not offset the bursting of the speculative bubble surrounding digital assets. Meanwhile, during the 2020-21 bull market, Ethereum contract creation spiked significantly, in-line with the decentralized finance (DeFi) and non-fungible tokens (NFT) boom. At the time, increased network activity served as a key catalyst in aiding ETH’s rally. Later – during the 2022 bear market – both contract number and ETH price dropped. The digital asset’s price and network activity was also adversely impacted due to dwindling developer interest and user demand during the market cycle. The aforementioned examples confirm that over the long-term, growth in contract creation shows rising confidence and adoption within Ethereum’s ecosystem. These factors play out positively for ETH’s price. That said, sudden surge in contract creation have not always directly resulted into price gains. This was evident from the price corrections observed during 2018 and 2021 cycles. What Does The Current Outlook Indicate? In her analysis, PelinayPA remarked that the latest surge in new Ethereum contracts signals renewed network activity, primarily driven by DeFi, NFT, and institutional adoption. If the trend sustains, it could fuel the next ETH bull run. Related Reading: Ethereum Average Daily Outflow Hits 40,000 ETH Amid Rising Buying Pressure – Details As far as long-term effects are concerned, the analyst said that consistent growth in new contracts highlights Ethereum’s rapidly expanding real-world use-cases. This gives immense support to ETH’s price. However, hype-driven contract spikes can lead to short-lived price corrections. Recent predictions point toward further room for growth for Ethereum. For instance, Fundstrat co-founder Tom Lee forecasted that ETH may climb to $5,500 “in the next couple of weeks.” In the same vein, Standard Chartered’s digital assets research chief, Geoffrey Kendrick, noted that ETH could rise to $7,500 by the end of the year. At press time, ETH trades at $4,582, down 0.2% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Top analyst Miles Deutscher says the crypto market’s apparent fatigue is being misread. In a new video titled “Why The Crypto Bull Run Is Far From Over (Data Says This Happens Next),” the commentator—who has more than 630,000 followers on X—argues that both macro and market-structure signals point to an extended cycle, with Ethereum poised to lead even if Bitcoin cools. Crypto Cycle Dead? Deutscher opens by cutting against a swelling narrative that Bitcoin “has potentially put in a top,” acknowledging that spot price action “objectively looks quite weak at the moment.” Yet, he stresses, “I don’t believe the cycle is over,” and lays out what he considers the telltale sign of a real top—one that he says has not materialized. On the shorter time frame, he notes BTC slipped below a channel low but is attempting to reclaim the mid-range, highlighting a near-term “bearish retest at the H4 money noodle.” He calls the $111.5k area a line in the sand, with a push and hold back above ~$114k needed to repair structure. For clarity, he describes his “noodle” as a custom moving-average style trend gauge: “just our custom indicator which is basically a moving average.” Where Bitcoin looks “a little bit toppy,” Deutscher says Ethereum’s daily structure “paints a very different picture.” ETH, he argues, is showing a classic compression beneath major resistance around its prior all-time high while “grinding above the money noodle,” a configuration he believes sets up “the next expansive leg to the upside” if the daily trend base is maintained. Related Reading: Nearly $1B Wiped Out in Crypto Liquidations: Are Whales Turning the Crash Into a Buying Opportunity? A central plank of his thesis is the cycle’s alignment with broader risk indicators. Reading from a post by trader Nik (@cointradernik), he underscores that several risk-on ratios look like they are bottoming, not topping—US micro caps versus small caps, emerging markets versus the FTSE 100, ARK-style growth versus gold—suggesting the business cycle is still advancing rather than rolling over. In that context, Deutscher contends it would be unusual for crypto to peak now unless it consciously decoupled from equities. He further frames a policy backdrop he sees as supportive, pointing to political rhetoric favorable to crypto assets and the prospect of rate cuts later this year; he characterizes the current market “jitteriness” as a function of timing uncertainty rather than a structural turn. Related Reading: This Altcoin Is A 12,500% Crypto Bet Until 2028, Says Arthur Hayes He also revisits Bitcoin’s higher-time-frame rhythm since 2023 as a sequence of “rally-base-rally” phases with recurring retests of a weekly trend marker. In that pattern, he argues, even a drop toward ~$100,000 would be a textbook bull-market pullback, not a terminal break, especially given what he calls today’s comparatively modest extension above long-term averages versus 2021 and late-2024. “Anyone whose view is that Bitcoin has topped for the cycle here at $124,000 will be deeply disappointed in the relative shallowness of this correction,” he says, asserting that distance to key moving averages leaves less room for a deep retrace. The Altcoin Rotation The most controversial—and for crypto traders, arguably the most consequential—part of Deutscher’s analysis is historical altcoin rotation. He says prior cycles show that Ethereum often does its strongest work after Bitcoin tops. “In 2017 Bitcoin topped and traded 47% lower as Ethereum rallied 100% higher in the next 30 days,” he claims. “In 2021, Bitcoin topped [and] went 27% lower as ETH rallied…83% higher in the next 30 days.” While he is not declaring a BTC top now, he argues the crypto market is already exhibiting a “decoupling” in which ETH and other altcoins are grinding higher against BTC even as Bitcoin softens—proof, in his view, that “using Bitcoin as your ultimate bull-market indicator” for alts can be misleading when Ethereum’s structure is this strong. That view informs his positioning. Rather than longing Bitcoin at support, he says he’s increasingly using BTC dips as “confluence to take a trade on Ethereum because I think Ethereum outperforms from here on out.” On camera, he disclosed a growing ETH long in a public “fun trading account,” while emphasizing that “most people would be better off sticking mostly to spot” and that any use of leverage should be small, deliberate and within strict risk parameters. “There were many times where I’ve screwed up by being over-leveraged,” he cautions. Beyond trade setup and crypto cycle theory, Deutscher returns to his original premise: a genuine cycle top generally coincides with a topping business cycle, deteriorating breadth in risk assets, and blow-off dynamics he says are absent today. Summarizing his stance, he concludes that neither Bitcoin nor altcoins have topped “due to where we are in the business cycle,” and even if BTC does mark a high sooner than he expects, “I wouldn’t necessarily take that as the ultimate bear signal for ETH and alts.” At press time, BTC traded at $113,028. Featured image created with DALL.E, chart from TradingView.com
Argentina’s opposition parties have revived a stalled investigation into President Javier Milei’s role in the LIBRA scandal, seizing on new corruption allegations that have rattled the government just weeks before October’s elections. The commission, first created in April but largely paralyzed by bureaucratic and congressional hurdles, was reactivated on Aug. 28 after leaked recordings implicated […]
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