The U.S. dollar looks set to record a second straight weekly rise against other major economies, driven by strong economic data that have eased worries about Fed rate cuts. Data this week showed U.S. retail sales climbed more than analysts had forecast in June, while new claims for unemployment benefits fell to their lowest level in three months. Those results reinforced the belief that the Fed can hold rates steady for longer before considering a reduction, according to a Reuters report. As of 00:38 GMT, the dollar index, which tracks the greenback against six leading currencies, was unchanged at 98.456. That kept it on course for a 0.64% gain this week, following a 0.91% jump in the previous seven days. On Thursday, the index even peaked at 98.951, its highest level since June 23. A recent report showed that U.S. consumer prices rose in June by the most in five months. This suggests that recent tariff hikes may be starting to push up inflation. Investors now expect slightly less easing, just under 0.5% in rate cuts by December, down from about 0.5% forecast earlier this week. Despite this week’s strength, the dollar remains 9.3% below its level at the beginning of the year. In March and April, fears of unpredictable U.S. trade policies led to a big sell‑off that hurt confidence in U.S. assets, including the dollar, Treasury yields, and stocks. Markets reacted to Trump firing Powell rumor Concerns about the U.S. budget have shaken investors. Lawmakers’ large spending and tax plans have raised doubts about fiscal stability. At the same time, President Trump has repeatedly scolded Fed Chair Powell for not cutting rates faster. Analysts at the Commonwealth Bank of Australia warned that the dollar “remains vulnerable to the downside if concerns about U.S. policymaking further undermine investor confidence in USD assets.” They pointed to this week’s sudden dip, triggered by rumors that Trump planned to fire Powell, as proof of that risk. Bitcoin hovered just below $120,000 after briefly hitting $123,153.22, and the market got a boost when Congress passed rules for dollar‑pegged stablecoins. Dollar strong against yen while euro and pound made modest moves Meanwhile Japan’s yen weakened as Sunday’s upper‑house elections approached, with polls showing the ruling party could lose its majority. A change in power could make monetary policy less predictable. It can slow down tariff talks with Washington. On foreign exchange markets, the dollar was trading around ¥148.60, not far from Wednesday’s three‑and‑a‑half‑month peak of ¥149.19. Japan’s lead trade envoy, Ryosei Akazawa, held talks on Thursday with Commerce Secretary Gina Raimondo in an eleventh‑hour bid to block a 25% tariff scheduled to apply once August 1 has passed. Elsewhere, the euro climbed 0.25% to $1.1626, bouncing back from its Thursday trough near $1.1556, though it still finished the week 0.59% lower. The British pound rose about 0.13% to $1.344, cutting its weekly loss to 0.41%. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
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The bipartisan support for the first two bills indicates that there is growing political momentum behind establishing clearer crypto market rules. Meanwhile, President Donald Trump is expected to sign the GENIUS Act and may also issue an executive order allowing 401(k) retirement plans to invest in cryptocurrencies and other alternative assets. In addition to this, Trump recently nominated Eric Tung, a lawyer with extensive crypto industry ties, to the influential Ninth Circuit Court of Appeals. House Passes Three Crypto Bills The US House of Representatives passed three key pieces of cryptocurrency legislation after delays caused by Republican debates over central bank digital currencies (CBDCs). In a session that was held Thursday, lawmakers approved the Digital Asset Market Clarity (CLARITY) Act with a 294-134 vote, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act with a 308-122 vote, and the Anti-CBDC Surveillance State Act by a narrower margin of 219-210. Voting in the CLARITY Act (Source: US House of Representatives ) The passage of these bills is a massive legislative milestone in the US digital asset landscape. Almost 80 Democrats voted in favor of the CLARITY Act, while more than 100 supported the GENIUS Act. The support from both parties for two of the three bills suggests that there is growing bipartisan momentum for crypto regulation, though the Anti-CBDC legislation is still deeply divisive. Republicans strongly rallied behind the legislative package as part of their self-declared “crypto week.” However, the legislative process was delayed on Wednesday as some Republicans demanded a clearer stance against the development of a US CBDC. Industry stakeholders mostly welcomed the House’s approval of the bills. Summer Mersinger, former commissioner of the Commodity Futures Trading Commission (CFTC) and current CEO of the Blockchain Association, praised the Anti-CBDC measure as a defense of individual financial freedom and market competition. Despite this optimism, the opposition was also quite vocal. Representative Maxine Waters of California condemned the bills during a press conference she branded as “anti-crypto corruption week,” and warned that the proposed legislation could weaken federal financial safeguards and open the door to systemic risks similar to the 2008 financial crisis. Truth Social post from President Donald Trump President Trump is reportedly ready to sign the GENIUS Act by Friday, assuming it remains unchanged after passing the Senate in June. Meanwhile, the CLARITY and Anti-CBDC bills will proceed to the Senate for further consideration. This means that they could be amended before returning to the House or reaching the president’s desk. Trump Eyes Crypto in 401(k) Plans President Donald Trump is also reportedly preparing to sign an executive order that could open the door for American 401(k) retirement plans to invest in alternative assets beyond traditional stocks and bonds, including cryptocurrencies. According to a report by the Financial Times , the executive order may be signed as early as this week and would direct regulatory agencies in Washington to explore how 401(k) plans could incorporate digital assets, metals, and funds related to infrastructure projects, corporate acquisitions, and private lending. President Donald Trump The initiative could cause a big shift in the investment options available to American workers saving for retirement. While the Financial Times cited anonymous sources familiar with the matter, White House spokesman Kush Desai warned that no decision should be considered final unless confirmed by President Trump himself. This potential move follows the US Labor Department’s May decision to rescind restrictions imposed during the Biden administration that limited the inclusion of cryptocurrencies in 401(k) plans. The regulatory rollback may also pave the way for more institutional involvement in digital assets. Meanwhile, private firms have already started moving in this direction. In April, financial services giant Fidelity, which manages $5.9 trillion in assets, launched a new crypto-enabled retirement account for American investors. The broader 401(k) market consisted of over 715,000 plans that held $8.9 trillion in assets in September of 2024. Fidelity crypto offering At the state level, North Carolina lawmakers introduced legislation in March that would allow up to 5% of various public retirement funds to be allocated to cryptocurrencies like Bitcoin. Internationally, pension funds in the United Kingdom and Japan also explored crypto allocations. In November, UK-based Cartwright reported that an undisclosed pension scheme committed 3% of its assets to Bitcoin, while Japan’s Government Pension Investment Fund was weighing the digital asset as a diversification strategy. If enacted, Trump’s executive order could be a historic development in the intersection of digital assets and retirement savings. Trump Picks Crypto Ally for Appeals Court Eric Tung, a corporate lawyer who is well known for representing major players in the crypto space, has been nominated by President Donald Trump to serve as a judge on the Ninth Circuit Court of Appeals. The nomination was sent to the Senate on Tuesday, but Tung’s potential appointment drew a lot of attention due to his deep ties to the digital asset industry. If confirmed, he will preside over appeals from nine western states, including California, a hub for tech and crypto companies. Trump nominations Tung is currently a partner at law firm Jones Day, and previously represented high-profile crypto clients like the Blockchain Association in its legal challenge against the US Treasury Department over sanctions on Tornado Cash. He also served as counsel in a case against BitMEX’s parent company and defended stablecoin issuers by arguing that some sales do not constitute securities offerings. Watchdog group Accountable.US criticized the nomination, and warned that Tung’s record suggests he may support deregulating the crypto sector as part of the Trump administration’s pro-crypto agenda. The group specifically mentioned his history of challenging regulatory oversight of smart contracts and stablecoins.
After a powerful multi-week rise from below $95,000, Bitcoin price today is consolidating near $120,200 inside a maturing symmetrical triangle. The structure suggests compression ahead of a volatility breakout, with the apex nearing on the 4-hour chart. Momentum is holding firm above key exponential moving averages, keeping bulls in control for now. What’s Happening With Bitcoin’s Price? BTC price dynamics (Source: TradingView) The 4-hour chart shows Bitcoin price action stabilizing between converging support and resistance trendlines. The triangle pattern began forming after the breakout candle above $100,000 and has persisted despite multiple failed breakout attempts near $121,500. Notably, the 20/50/100/200 EMA cluster remains stacked below the current price, with the 20 EMA providing consistent dynamic support near $118,600. The rising On-Balance Volume (OBV) further supports the bullish case, as buying pressure has remained steady throughout the compression phase. A breakout above the $121,800–$122,000 upper triangle resistance could unlock the next leg higher, with volume confirmation critical for validation. BTC price dynamics (Source: TradingVi… The post Bitcoin Price Prediction: BTC Eyes $125K Breakout as Triangle Squeeze Tightens appeared first on Coin Edition .
The post Why Ethereum is Going Up? How High Can the ETH Price Go? appeared first on Coinpedia Fintech News Ethereum has skyrocketed over 70% since July 1, adding $150 billion to its market cap. This historic rally was driven by a massive short squeeze, institutional buying from BlackRock and Trump’s financial group, and upcoming U.S. regulatory reforms. With a $9 trillion retirement market on the horizon, Ethereum’s bullish momentum may just be getting started. Why Did Ethereum Surge 70% in July 2025? Ethereum is making crypto history with one of the largest short squeezes ever recorded. Since July 1, ETH has gained over 70%, recovering from a period of extreme bearish sentiment and liquidating billions in short positions. The rally was sparked when net short exposure on Ethereum hit record highs, 25% higher than the February 2025 peak, triggering a wave of forced liquidations as ETH began to rise. According to The Kobeissi Letter, a further 10% ETH price increase could result in another $1 billion in short liquidations, pushing prices even higher. Who’s Buying Ethereum? Trump and BlackRock Lead the Pack The timing of major institutional purchases suggests the smart money moved first. World Liberty Financial , linked to President Trump, bought $5 million worth of ETH just a day before Kobeissi’s post went viral. BlackRock’s Ethereum ETF has been accumulating ETH for 29 out of the past 30 days—well ahead of the retail crowd. These actions indicate that institutional players may have anticipated the short squeeze before it fully unfolded. What Does This Mean for Bitcoin and Other Altcoins? While Ethereum stole the spotlight, Bitcoin quietly reclaimed the $120,000 level, recovering nearly $900 billion in market cap since April. XRP is also seeing bullish momentum , reflecting a broader capital rotation into altcoins. “Ethereum could hit $15,000 to $20,000 in this cycle,” says Colin Talks Crypto . Could a $9 Trillion Retirement Market Push ETH Even Higher? The most explosive catalyst might still be ahead. President Trump is expected to sign an executive order allowing 401(k) retirement plans, worth $8.7 trillion, to invest in cryptocurrencies. If passed, this could unlock more than double the capital of the current global crypto market. This would mark the first time regulated retirement funds could directly allocate to crypto assets like Ethereum and Bitcoin. What Role Are U.S. Crypto Laws Playing in This Rally? Ethereum’s rally is not just technical—it’s political and structural. In July, the U.S. House passed : The Clarity Act – Defines digital asset classifications The Genius Act – Regulates stablecoins The Anti-CBDC Act – Limits the Federal Reserve’s digital currency authority With bipartisan support now behind these bills, the U.S. crypto market is entering a more mature and regulated phase, creating confidence for long-term institutional involvement. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Breaking: Ripple’s XRP Hits New ATH Following Successful Crypto Week , How High Can Ethereum Go in 2025? Ethereum previously peaked at $4,800 in 2021. If Colin Talks Crypto’s forecast of $15,000–$20,000 holds, ETH could 3x to 4x from its prior all-time high. With bullish technicals, growing ETF demand, favorable regulations, and massive capital inflows expected, Ethereum could outpace Bitcoin’s rally in the coming months . Is This Just the Beginning for Ethereum? Yes, Ethereum’s breakout isn’t just a squeeze. It signals a larger shift in crypto’s evolution: from retail-driven hype to institution-led growth, backed by regulation and massive capital readiness. 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A massive buildup in leveraged short positions—with net short exposure reportedly 25% higher than earlier this year—has forced billions in liquidations, fueling the parabolic rally Why are institutions like BlackRock and Trump’s fund buying ETH? BlackRock’s Ethereum ETF has been accumulating ETH nearly every day in June–July. Trump’s World Liberty Financial executed a $5 million purchase just before the rally, signaling smart-money anticipation . Can Ethereum reach $5,000 by the end of 2025? Many analysts forecast $3,500–$5,000+ by year-end, assuming continued ETF inflows, regulatory clarity, and potential short squeezes How high could Ethereum go in the next bull cycle? Some projections go as far as $8,000 in 2025, with others seeing $15,000–$20,000 in a full blow-off rally, backed by institutional and retirement-market capital.
Cardano price started a fresh increase from the $0.720 zone. ADA is now consolidating and might attempt a clear move above the $0.8650 zone. ADA price started a fresh increase from the $0.720 support zone. The price is trading above $0.80 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.8280 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh increase it clears the $0.8650 zone. Cardano Price Eyes More Gains In the past few sessions, Cardano saw a decent upward move from the $0.720 zone, like Bitcoin and Ethereum . ADA was able to recover above the $0.750 and $0.80 resistance levels. The bulls pushed the price above the $0.820 resistance. Finally, it tested the $0.8650 zone. A high was formed at $0.8643 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.7113 swing low to the $0.8643 high. Cardano price is now trading above $0.820 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.8280 on the hourly chart of the ADA/USD pair. On the upside, the price might face resistance near the $0.8650 zone. The first resistance is near $0.880. The next key resistance might be $0.90. If there is a close above the $0.90 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.980 region. Any more gains might call for a move toward $1.00 in the near term. Are Downsides Limited In ADA? If Cardano’s price fails to climb above the $0.8650 resistance level, it could start another decline. Immediate support on the downside is near the $0.8280 level and the trend line. The next major support is near the $0.80 level. A downside break below the $0.80 level could open the doors for a test of $0.7880 or the 50% Fib retracement level of the upward move from the $0.7113 swing low to the $0.8643 high. The next major support is near the $0.750 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.8280 and $0.8000. Major Resistance Levels – $0.8650 and $0.9000.
After beating the resistance mounted at the $3,000 by bears for months now, the Ethereum price looks primed for a further breakout. Expectations currently are that the Ethereum price rally will trigger the next altcoin season and possibly lead to a push toward new all-time highs for ETH. One analyst in particular has compared this breakout to what was seen back in May 2025, something that could mean that higher levels are in store for the altcoin. Ethereum Is Mirroring Its Move From May May 2025 has remained one of the most bullish for the Ethereum price so far this year, rallying by more than 40% in a 30-day period. The price had gone from a low of around $1,770 to a high of $2,650 before retracing. But the most important thing was the trend and how the price moved before finally reaching its high. There was an initial surge, then some sideways movement, before the final upsurge to $2,600, and then the eventual top. Related Reading: Bitcoin Dominance Just Got Rejected From TSDT Resistance That Triggered Last Altcoin Season — Details According to crypto analyst CryptosBatman on the social media platform X (formerly Twitter), the Ethereum price is once again mirroring this price movement that led to its 40% surge. The post highlights the fact that Ethereum has already seen an initial breakout and has begun to move sideways. However, this sideways move is not expected to last long and is actually part of the overall move. As the crypto analyst explained, the same triangle pattern that formed in May 2025 is now forming after the Ethereum price crossed the $3,000 range. Hence, the sideways movement is expected as investors take profit. Once the sideways accumulation is done and the triangle pattern is broken, then Ethereum is expected to begin rallying once again. The next target from here is above $3,600. Factors Driving The ETH Bullish Momentum Other than the fact that the Ethereum price has formed a similar triangle pattern to what was seen back in May, there are also notable developments in terms of accumulation that are also driving the price. For one, Spot Ethereum ETF inflows have continued to ramp up. Related Reading: XRP Becomes Top 3 Crypto After ProShares ETF Approval, Can It Flip ETH? Data from the Farside website shows that Ethereum ETFs have recorded positive net flows for almost two weeks straight now. The likes of BlackRock and Fidelity are leading the charge with tens of thousands of ETH being bought up daily. Ethereum treasury companies are now the rave of the moment as the likes of SharpLink and BitMine begin accumulating hundreds of millions of dollars in ETH. This rise in institutional adoption has become one of the major pushes for Ethereum as investors clamor for new highs. Featured image from Dall.E, chart from TradingView.com
The latest report issued by the IMF on the compliance of El Salvador’s actions with the guidelines established in the $1.4 billion credit facility deal approved in February revealed that Chivo Wallet led the nation to miss the bitcoin non-accumulation quotas. Bitcoin Non-Accumulation Compliance Goals Missed: IMF Fingers Chivo Wallet El Salvador is facing one
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TL;DR Matador files CA$900M prospectus to fund its Bitcoin treasury strategy over the next two years. The company eyes a 6,000 BTC allocation and 1% of the total supply to become a major corporate Bitcoin holder. “Flywheel” strategy includes BTC accumulation, synthetic mining, and DeFi-linked revenue generation. Canadian Firm Plans Major Bitcoin Purchase Matador Technologies, a public company based in Canada, says it plans to grow its Bitcoin holdings to 6,000 BTC by 2027. The firm has also set a near-term goal of owning 1,000 BTC by 2026. The announcement marks a shift in pace for its crypto strategy. $MATA Board just green-lit our long-term #Bitcoin treasury strategy! 1,000 BTC by 2026 | 6,000 BTC by 2027 Goal: own ~1 % of Bitcoin’s fixed supply Current stash ≈ 77.4 BTC BTC-denominated products → more BTC on the balance sheet Matador Technologies — shaping… — Matador Technologies (@buymatador) July 16, 2025 At present, Matador holds 77.4 BTC, which is worth roughly $9 million at today’s prices. Its long-term goal is to hold 1% of Bitcoin’s total supply. If reached, this would place the company among the top 20 corporate Bitcoin holders worldwide. CEO Deven Soni said the company is built around Bitcoin. “Our business is structured around Bitcoin as a core asset,” he stated. New Filing Supports Treasury Growth To support its plans, Matador filed a CA$900 million shelf prospectus on July 14. The filing will let the company raise funds over the next 25 months. Capital may come from equity offerings, convertible deals, asset sales, Bitcoin-backed loans, or new partnerships. Earlier this month, Matador received final approval from the TSX Venture Exchange to operate as a hybrid “technology/investment issuer.” This change gives the company more room to develop a Bitcoin-focused strategy while still working on blockchain-related projects. Strategy Focused on BTC Accumulation The company has described its approach as a “compounding flywheel” strategy. It includes growing its Bitcoin holdings, increasing BTC-per-share value, and using market volatility and synthetic mining to build yield. The plan also includes creating BTC-based revenue streams and working with DeFi and crypto infrastructure firms. Mark Moss, the company’s chief visionary officer, said the approach is aimed at long-term strength. “Our future plans to accumulate Bitcoin are designed to establish long-term stability on our balance sheet while reducing exposure to inflationary risk,” he said. Matador’s plans come during a rise in corporate Bitcoin ownership. Public and private companies now hold an estimated 1.15 million BTC. That total is around 6% of the current supply. Meanwhile, Strategy continues to lead with the largest BTC treasury, now worth more than $73 billion. Despite the announcement, Matador’s stock fell 4.65%, per Google Finance . Still, its shares remain up 37% since the beginning of the year. The post Matador Aims to Buy 6,000 BTC, Eyes Top 20 Spot by 2027 appeared first on CryptoPotato .