Category: Crypto market

Gold’s $4K Surge Steals Spotlight from S&P Highs

Posted on by Olumide Adesina

XAU/USD is trading negatively during the early European session on Thursday after failing to benefit from an intraday rebound near the $4,000 psychological mark.

A significant factor reducing demand for this safe-haven commodity is the Israel-Hamas agreement on the first phase of a peace deal, which has alleviated some geopolitical tensions.

 

The presence of some USD dip-buying is putting further pressure on the precious metal, while dovish expectations from the Federal Reserve (Fed) may help limit larger losses.

Gold has been a dominant force in the S&P 500 and broader markets, leading even the most committed gold supporters to question how much room for growth remains. Some analysts argue that the substantial gains seen over the last 24 months were driven by a unique combination of factors that are unlikely to align in the same way again.

The yellow metal appears to be in the early stages of a secular bull market that could push prices to much higher levels. Analysts believe that the rally in gold prices still holds significant potential now that key factors are starting to come into play. Surprisingly, this recent increase in gold prices has occurred despite its typical market drivers.

Looking ahead to the remainder of 2025 and beyond, three primary factors are expected to propel gold’s rise: the Federal Reserve’s rate-cut cycle, which began in September, serves as a fundamental tailwind and acts as a catalyst for ETF flows. Historically, lower interest rates have been crucial for supporting gold prices.

When risk-free interest rates are high, investors face a considerable opportunity cost, since gold is a non-yielding asset. Gold becomes more appealing when U.S. interest rates—and consequently, U.S. Treasury bond yields, often referred to as the global risk-free rate.

Extensive research conducted over the past 20 years (2003–2023) indicates a statistical correlation: for every 1% drop in real yields, there is a corresponding effect on gold prices.

Gold may not see the explosive gains experienced in the past two years, but it still has the potential to deliver attractive returns moving forward. Gold has historically shown a low to negative correlation with stocks during prolonged market sell-offs, making it one of the most effective hedges against economic slowdowns.

Forex Signals October 9: Levi, PepsiCo, and APLD Earnings Poised to Drive Market Moves After-Hours

Posted on by Skerdian Meta

As the US government shutdown continues, investors will be focusing on a few high-profile business earnings announcements, including those from Pepsi, APLD, and Levi’s.
Continue reading “Forex Signals October 9: Levi, PepsiCo, and APLD Earnings Poised to Drive Market Moves After-Hours” →

Bitwise, 21Shares Sparkle Solana, Ethereum ETFs with Fee Cuts and Rewards

Posted on by Olumide Adesina

Bitwise and 21Shares have announced updates to their funds aimed at reducing fees and adding staking features for investors.

Bitwise’s latest filings reveal that its product is now officially called the “Bitwise Solana Staking ETF.” The new language allows it to “seek to provide exposure to the value of Solana held by the Trust.” Additionally, it introduces a unitary management fee of 0–20%. This fee will be waived for the first three months on the first $1 billion in assets, serving as a single charge that covers all fund operating costs. At this rate, the proposed fee is among the lowest for approved crypto products and undercuts most competing crypto ETF filings, which typically range from 0.21% to 0.25%.

Meanwhile, 21Shares has announced improvements to its 21Shares Ethereum ETF (TETH), which includes the addition of staking and the suspension of its 0.21% sponsor fee for a full year starting on October 9. This initiative is being promoted as a “natural evolution of Ethereum investment products in the U.S.,” according to Federico Brokate, the head of U.S. operations at 21Shares.

Staking allows funds to earn small payouts by helping to secure blockchains such as Ethereum and Solana. This means that, instead of relying only on price appreciation, investors can generate additional income from the same assets. They can reinvest those gains into the ETF for further growth.

Ethereum ETFs Revive Demand, But $4,500 Hold Slips Away Again

Posted on by Olumide Adesina

Ethereum is becoming more resilient due to $421 million in ETF inflows, declining exchange reserves, and strong institutional demand. The recent seven-day streak of institutional buying has reduced circulating supply and helped stabilize ETH near $4,450.

This trend was extended on October 7 by the $421 million influx into spot Ethereum ETFs. The primary driver of this strength is the inflows into these ETFs, which create steady institutional demand that absorbs circulating ETH and enhances accumulation by public entities.

Although technical indicators suggest balanced momentum around $4,450, the sharp decline in exchange reserves has tightened the supply environment. According to the ETH/USD one-day chart, the altcoin has traded within a narrow range over the past three sessions. ETH has faced resistance at $4,742 since Monday, while finding support near $4,426. This sideways movement reflects a balance between buying and selling pressure, which typically occurs when market volatility decreases.

The Average True Range (ATR), currently measuring price swings over a specific period, stands at 176.54, indicating weak volatility.

A sudden breakout in either direction is often preceded by periods of low volatility, suggesting decreased trader activity but a more stable market overall. If this subdued volatility persists, ETH may remain trapped between its current resistance and support levels. However, if selling pressure intensifies and breaks below the support level, a drop toward $4,211 may occur.

ETH could potentially reach as high as $13,000 this cycle if it follows a pattern similar to that of 2021. Michael Nadeau, founder of the DeFi Report, mentioned on Wednesday that the asset is currently trading 92% above its long-term 200-week moving average, which sits at $2,400. During the last bull run in November, ETH peaked just above $4,000, marking a 492% increase over its long-term average.

Models based on this technical indicator suggest intriguing price targets: if ETH trades at 200% above the 200-week moving average, it could hit $12,000. At 400% above the long-term average—which is only 170% above current levels—it could exceed $12,000.

XRP Trapped Under $3’s Grip: When Will Ripple’s Curse Break?

Posted on by Olumide Adesina

XRP has been forming “lower highs” on weekly charts since July, while Bitcoin continues to hit new all-time highs (currently around $150K).

A break below $2.72-$2.80 could accelerate selling, targeting $2.33 (a 20% decline) or even $1.90 (a 35% drop from current levels).

This divergence signals weakening momentum and increasing downside risk. With negative funding rates and declining open interest (down 36% since May), analysts point to a descending triangle pattern that supports bearish bets.

Although over 90% of holders are currently in profit, a decline to $1.19 would align with average acquisition costs and could lead to widespread profit-taking. In September, a $1.3 million liquidation cascade within just four hours wiped out billions in value, driven by Bitcoin’s seasonal weakness and macroeconomic uncertainties.

Liquidity has diminished below current prices, with long positions being closed amid delays in ETF approvals.

XRP is trading within a descending triangle pattern, characterized by lower highs converging towards a flat support level near $2.75.

Technical weakness, combined with dominant sell-side cumulative volume delta (CVD) and softer on-chain and derivatives activity, increases the likelihood of retesting $2.75 soon.

The Spot Taker CVD indicates a “Taker Sell Dominant” situation, suggesting there is net selling pressure from aggressive traders. Short-term price recoveries have not been able to change the CVD trend, which means that sellers continue to control market momentum and hinder any sustained bullish rebounds.

Additionally, open interest (OI) has fallen by 6.51% to 2.78 billion, reflecting a decrease in derivatives participation and fewer new directional bets being placed.

A declining OI, combined with selling dominance, typically points to a continuation of the current trend rather than a reversal. However, lower leverage in the market could help reduce the likelihood of forced liquidations.

ETH’s Sudden Death Spiral: BitMine (BMNR) Under Siege

Posted on by Olumide Adesina

BitMine Immersion Technologies ($BMNR), which is aggressively accumulating Ethereum as its core asset, is facing increased selling pressure. Ethereum (ETH) has dropped below the psychologically significant support level of $4,500. This situation is not uncommon, as BMNR’s performance is closely tied to ETH’s price movements due to the company’s strategy of acquiring and staking ETH to reach 5% of the network’s total supply. Ethereum’s recent decline is a significant reversal from its highs of around $4,950 in mid-September.

Additionally, spot ETH exchange-traded funds (ETFs) experienced net outflows of $300 million last week, indicating caution among institutional investors. The breach of the $4,000 mark has also generated bearish sentiment, as ETH has not traded below this level since late August.

Institutional caution is further emphasized by the long/short ratio falling below 1.0 for the first time in weeks, suggesting that while futures open interest remains high, it is leaning towards a bearish outlook. From a technical perspective, if the ascending trendline support around $3,900 fails, ETH could face an additional decline of 15% to approximately $3,560, especially after breaking out of a multi-month symmetrical triangle pattern.

BitMine surpassed 2% of the total Ethereum supply last month, accumulating over 2.4 million tokens valued at $11.4 billion. In a single week in October 2025, an additional 179,000 ETH, worth approximately $821 million, was acquired, bringing the total to 2.83 million tokens and a total asset value of $13.4 billion.

This “asset-light” strategy eliminates the energy costs associated with mining while generating staking yields of around 3-5% annual percentage yield (APY). Thomas Lee, chairman of Fundstrat, emphasizes ETH’s potential for a “supercycle” driven by Wall Street adoption and advancements in AI. In early October, Cathie Wood’s ARK Invest purchased 102,000 shares, indicating institutional support.

 

Solana’s Wild Ride: From $240 Glory to $220 Slump—What’s Next?

Posted on by Olumide Adesina

Solana experienced a decline, dropping to $220 after reaching a peak of $240 earlier this week. This represents a loss of approximately 5% for the day, although it has still outperformed the broader cryptocurrency market over the past month.

The recent dip follows a year of robust revenue generation, totaling $2.85 billion, and significant network improvements, including plans for a major overhaul aimed at increasing speed. With important deadlines approaching for spot Solana ETF applications this week, October’s ETF spotlight could potentially trigger price discovery for SOL.

Sellers are pressing the price lower toward important support levels, leading to a negative short-term sentiment.

Based on the Solana price forecast for today, choppy trading is likely as SOL approaches a tough price ceiling. Selling interest might emerge between $235 and $240. A stronger barrier between $245 and $250 could make any bullish recovery harder to achieve. Historically, resistance around $235 has also served as a key short-term barrier.

Some chart analysts and technical indicators suggest that the $232 level represents another area of support. At present, the first crucial support level is in the $218 to $220 range. If this level is breached, Solana could continue to decline, potentially reaching the next significant support zone between $210 and $215.

 

Bitcoin Whale Alert: Dormancy Spike Signals Imminent Market Storm

Posted on by Olumide Adesina

Bitcoin’s (BTC) on-chain metrics are indicating a significant shift in the behavior of long-term investors, commonly referred to as “whales.” In early October 2025, the average dormancy of Bitcoin reached its highest level in a month. This trend may signal potential selling pressure, as some investors appear eager to cash in on their holdings.

 

Recent data from CryptoQuant showed that the average dormancy period for Bitcoin has increased in recent years. This metric measures the length of time that Bitcoins are held before being transferred. An increase in this figure suggests that long-term holders may be selling their coins or moving them to different wallets, which could signal a potential price decline or increased selling pressure.

Lookonchain revealed that 100 coins, valued at approximately $12.5 million, had been moved to two new addresses from an old Bitcoin wallet that had remained dormant for 12 years. The wallet is currently worth $86 million, having first purchased 691 Bitcoin at a price of just $132. Additionally, 3,000 BTC, or about $363.09 million, was deposited in the Hyperliquid exchange by a Bitcoin whale, according to OnChain Lens.

The investor exchanged $116 million in USDC for 960 point57 BTC. The wallet still contains 46,765 Bitcoin, which is worth $5.7 billion. “For those who are unaware, the last time this whale started selling, $BTC dropped nearly $9,000,” analyst Ted Pillows added. All of these actions point to the potential for early adopters to make money.

The surge in activity coincides with a correction in the flagship cryptocurrency, which earlier this week briefly reached a new all-time high. Experts remain optimistic about Bitcoin’s future, despite these distribution indicators. It seems that the Bitcoin rally is more than just a fad.

Market dynamics and underlying structural drivers are aligning and converging, even though profit-taking may cause temporary pauses. Markets predicted that, barring significant headwinds, Bitcoin would test between $130,000 and $135,000 in Q4 2025 and possibly reach $140,000 by Q1 2026. He did, however, issue a warning that new geopolitical or macroeconomic unrest might momentarily halt the rally and drive Bitcoin back toward $117,000 or even $120,000. However, if current market confidence holds, there may be strong support from dip-buying interest at those levels.

Ripple: XRP Drowns in Red Sea After Bitcoin’s Sudden Crash

Posted on by Olumide Adesina

XRP gained more than 1 percent this week but fell nearly 4 percent today, trading at $2.85..

XRP faced resistance at $3.07 after climbing above $3 earlier due to significant profit-taking by institutional wallets. With multiple spot ETF decisions expected in mid-to-late October, XRP’s volatility closely follows headlines about ETF applications.

 

Analysts suggest that if ETF catalysts perform as expected, a sustained break above $3.10–$3.30 could push the price toward $4.00–$4.20. Both bearish retail traders and ongoing accumulation near $3 indicate a contrarian setup, but fundamental sentiment remains divided.

A broad correction from recent record highs was triggered by a wave of profit-taking and overbought signals, causing the cryptocurrency market to retreat about 2 percent over the last day and decreasing the total market cap to $4.18 trillion. Major coins experienced sharp but mostly orderly pullbacks as the market cooled after last week’s surge.

While technical resistance and ETF-driven buying continued to influence prices, traders took profits, leading Bitcoin, Ethereum, and Solana to fall from their historic peaks. Analysts note strong institutional demand, solid support at new, higher levels, and strong inflows into ETFs, indicating that the overall mood remains positive.

Short-term projections are cautious: if Bitcoin doesn’t recover, it might test $2.60–$2.80. On bearish MACD crossovers, there could be a “doomsday” decline to $2.17 (50-week EMA).

However, October may turn bullish because the SEC is expected to make decisions on XRP ETFs in the middle of the month, which could replicate Bitcoin’s post-ETF spike to $116,000 in value. Analysts predict long-term averages of $3 to $35 for late 2025, with potential for growth to $ 4 or higher.

Forex Signals October 8: RBNZ Cuts Interest Rates 50 bps, FOMC Minutes Later

Posted on by Skerdian Meta

NZD slipped as RBNZ cuts cash rate by 50bp, against 25 bps expected, while investors now turn their attention to policy updates from the Federal Reserve.

Continue reading “Forex Signals October 8: RBNZ Cuts Interest Rates 50 bps, FOMC Minutes Later” →