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A member of the Federal Reserve Board of Governors says the central bank should slash interest rates by the next Federal Open Market Committee (FOMC) meeting, which is scheduled for July 29th. In a recent speech given at New York University, Fed Governor Christopher Waller provided three main reasons that the Fed Funds Rate should be reduced by 25 basis points (bps) immediately, rather than remain paused at 4.25% to 4.50%. The economist addresses tariffs, labor markets and a “host of data” that suggests that GDP will continue to be low. On tariffs, Waller said they are not as inflationary as most believe, and will likely only lead to a “one-off” surge in prices rather than a sustained climb in inflationary pressures. Waller says a rate cut now rather than months down the road, as most FOMC members are aiming for, would front-run an otherwise cooling economic climate in the US. “I also believe – and I hope the case I have made is convincing – that the risks to the economy are weighted toward cutting sooner rather than later. If the slowing of economic and employment growth were to accelerate and warrant moving toward a more neutral setting more quickly, then waiting until September or even later in the year would risk us falling behind the curve of appropriate policy. However, if we cut our target range in July and subsequent employment and inflation data point toward fewer cuts, we would have the option of holding policy steady for one or more meetings. For this reason, I believe it makes sense to cut the FOMC’s policy rate by 25 basis points two weeks from now.” Waller also says he’s not expecting a rebound in GDP in the second half of 2025, and based on current forecasts, he’s more so looking for an annual GDP growth of around 1%, which would be down from 2024’s 2.4%. “Given the ups and downs of monthly indicators of GDP this year, we can best get a view of the performance of the economy by combining the first and second-quarter numbers. With the data in hand, estimates suggest that real GDP increased at an annual rate of about 1 percent in the first half of this year, compared with 2.8 percent in the second half of 2024. That comparison is important not only for the extent of the slowdown, which is considerable, but also because it is well below most estimates of the potential growth rate of the economy. Based on forward-looking indicators, I don’t expect a rebound in the second half – in fact, most forecasts suggest that real GDP growth will remain around 1 percent at an annual rate.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Fed Governor Christopher Waller Says Central Bank Should Cut Rates by Next Meeting Amid Slowdown in GDP appeared first on The Daily Hodl .
Bitcoin and Ether traders are eyeing price milestones into the weekly close, with a resistance trend line keeping BTC bulls from heading to all-time highs.
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Ethereum's value surged by 21%, capturing more attention than Bitcoin. Experts associate the rise with increased investor interest in altcoins. Continue Reading: Ethereum Surges While Bitcoin’s Dominance Falters The post Ethereum Surges While Bitcoin’s Dominance Falters appeared first on COINTURK NEWS .
Cardano community expecting key reveal, alongside major improvements for ADA network
Bitcoin’s impulsive bullish leg has paused upon reaching the critical $123K level, signaling potential profit-taking and distribution. A corrective move toward the $111K support zone is now expected before the next leg higher. Technical Analysis By Shayan The Daily Chart After breaking above the previous all-time high at $111K and triggering a notable short squeeze, BTC surged to set a new ATH at $123K, a move underscoring strong market demand and investor confidence. However, the upward momentum has temporarily paused at this crucial resistance, resulting in a period of sideways consolidation likely driven by increased sell-side pressure. A corrective pullback toward the significant 0.5–0.618 Fibonacci retracement zone between $107K and $111K is now anticipated before the next impulsive move. Until then, a period of consolidation appears likely. Source: TradingView The 4-Hour Chart In the lower timeframe, BTC’s consolidation is more pronounced, reflecting ongoing profit realization. What initially resembled a head and shoulders reversal has evolved into a descending wedge, a typically bullish continuation pattern. The price continues to trade within this wedge, supported by a key ascending trendline currently positioned around $116K. This trendline has acted as a major support throughout the recent rally. As long as the price remains confined between the wedge’s boundaries and this trendline, a consolidation range is in play. A break below the line could trigger a deeper correction toward the $111K support. Conversely, a breakout above the wedge’s upper boundary would signal the continuation of the bullish trend, potentially targeting the $123K ATH and beyond. Source: TradingView On-chain Analysis By Shayan On-chain data from CryptoQuant indicates a notable increase in Bitcoin reserves on centralized exchanges, reaching their highest level since June 25th. This sustained inflow reflects ongoing profit-taking and distribution by investors, a dynamic that often signals weakening buy-side pressure and hints at a potential corrective phase. Historically, rising exchange reserves are associated with local market tops, as more BTC becomes available for potential sale. However, this metric alone should not be seen as a definitive trigger for immediate price drops. Broader market liquidity, sentiment, and demand dynamics remain key. In essence, while elevated exchange reserves may introduce short-term selling pressure, the broader market structure for BTC remains bullish. Any corrective pullbacks should be viewed within the context of a still-intact longer-term uptrend, unless macroeconomic or technical conditions shift significantly. Source: TradingView The post Bitcoin Price Analysis: BTC Unlikely to Revisit ATH Before Testing $111K Support appeared first on CryptoPotato .
Bitcoin’s recent peak at $123,100 has triggered warnings of a potential local top as on-chain metrics signal overextension. The cryptocurrency quickly retraced 6% to around $115,700 after hitting the all-time high, with advanced NVT signals crossing above historical red deviation bands that typically coincide with cycle peaks. The current bull market’s largest pullback remains only 23.48%, well below previous cycle corrections of 30-80%, indicating the underlying trend structure remains healthy despite short-term overextension signals. Technical analysis reveals that Bitcoin is consolidating within a symmetrical triangle pattern, with support between $116,000 and $117,000 and descending resistance around $120,000. Triangle Consolidation Tests $125,000 Breakout Bitcoin’s 4-hour chart indicates consolidation within a symmetrical triangle pattern, with the apex approaching around $117,837. Source: Marcus Corvinus The formation creates compression between descending resistance and ascending support at $116,000-$117,000, building energy for eventual directional resolution. This coiling effect typically precedes a significant expansion of volatility. A bullish breakout above the red trendline would likely trigger a move toward $125,000, representing approximately a 6% upside from current levels. Conversely, a breakdown below the green support level could drive prices toward $111,000, marking a roughly 6% downside risk. The symmetrical nature suggests neither bulls nor bears have gained decisive control. Multiple-layered support zones provide cushioning for potential declines, with institutional buying historically emerging at these levels. The eventual breakout direction becomes crucial for determining near-term momentum and validating either continuation or correction scenarios. Global Liquidity Cycle Enters Distribution Phase According to Merlijn The Trader , Bitcoin’s correlation with the global M2 money supply reveals that the cryptocurrency has transitioned into “Distribution” territory from its previous “Accumulation” and “Manipulation” phases. Bitcoin doesn’t move randomly. It moves with global liquidity. Watch M2. When liquidity expands, $BTC pumps. This isn’t just price action it’s macro precision. pic.twitter.com/9imQxMbH8t — Merlijn The Trader (@MerlijnTrader) July 20, 2025 This macro framework suggests that while liquidity expansion continues supporting Bitcoin’s advance, explosive gains may become more measured and volatile as the cycle matures. Complex Fibonacci analysis has also projected Bitcoin’s cycle peak timing toward October, suggesting a more extended timeline than immediate parabolic acceleration. Source: TradingView The $133,665 – $151,539 resistance zone represents ultimate targets, but the path involves multiple consolidation phases rather than linear advance. Current levels around $117,000-$118,000 correspond to substantial volume clusters where institutional accumulation and distribution have occurred. This technical congestion creates multiple layers of support and resistance that require patience to navigate effectively during the Distribution phase. Best Wallet: Final Opportunity to Secure $BEST Tokens Best Wallet’s $BEST token presale is approaching its final phase, offering one last chance for investors to secure positions before the allocation is sold out permanently. The token offers reduced fees, early access to presales, and staking rewards, which are perks rare in projects. $BEST token holders unlock multiple revenue streams through the expanding ecosystem. Reduced trading fees and priority access to new project launches become increasingly valuable as Bitcoin approaches cycle peaks and altcoin opportunities multiply. The token’s utility extends beyond basic wallet functions. Best Wallet’s version 2.5.1 introduced full Bitcoin support alongside 60+ blockchain compatibility, providing secure non-custodial storage during uncertain market periods. Integration with the Rubic exchange aggregator enables optimal swap rates across 200+ DEXs, which is essential for portfolio rebalancing as Bitcoin tests key resistance levels. The platform’s upcoming crypto-backed debit cards and advanced trading tools position users for the next phase of the cycle. With Bitcoin potentially reaching $125,000+ or facing $111,000 correction risks, having exposure to both secure storage infrastructure and the underlying $BEST token creates diversified opportunities. The presale’s limited remaining allocation and approaching completion create a final window for early adopter advantages. The post Bitcoin Price Prediction: BTC’s $123.1K Peak Signals Local Top – Warnings of Pullback appeared first on Cryptonews .
Solana has delivered an impressive 10.9% surge this week, riding the broader cryptocurrency rally to test critical resistance levels around $179. The rally coincides with strengthening on-chain fundamentals, including a growth in Total Value Locked (TVL) from $6 billion to over $9 billion and the number of returning active wallets surpassing 3.3 million users. Source: TheBlock Technical analysis reveals SOL is engaged in a critical battle between discount and premium zones, currently testing equilibrium around $179. The cryptocurrency has been consolidating within a $145-$175 range, but recent price action suggests this consolidation may be nearing upward resolution. Changes in character signals during March-April indicated a potential trend reversal, followed by Break of Structure confirmations, validating demand at lower levels. Long-term analysis reveals an extraordinary cup and handle formation spanning multiple years, positioning SOL for a potential breakout toward all-time highs of $295. Market Structure Tests $189 Breakout Zone Solana’s 4-hour chart shows SOL testing the upper boundary of its equilibrium zone with key resistance at $189 representing the critical breakout level. Source: TradingView Volume profile analysis suggests a strong support foundation, as evidenced by high-volume nodes around $145. Thinner trading above current levels typically leads to accelerated moves once resistance is cleared. Federal Reserve pause and market expectations for 30-50 basis points of cuts by Q4 2025 create a favorable liquidity environment for high-beta assets like SOL. Immediate targets following $189 breakout include $235 and $263 resistance levels, with analyst projections extending to $295, $360, and $402. Solana-specific catalysts, including strong developer metrics and institutional partnerships, provide fundamental support for technical breakouts toward these higher targets. Weekly Cup and Handle Points to $295 Target Solana’s weekly chart reveals a massive cup and handle formation that has been developing over multiple years, representing one of the most bullish continuation patterns in technical analysis. $SOL Solana Weekly Update Massive cup and handle forming on the weekly timeframe A new ATH would put this above 295 pic.twitter.com/LVkaSCu4JG — CJ (@CJsCalls) July 19, 2025 The cup formation shows SOL’s rally to $260 highs, followed by rounded bottom support in $80-120 range, and recovery creating a classic accumulation structure. Currently, SOL appears to be forming the handle portion through a shallow pullback from the cup’s rim. This final consolidation phase typically precedes explosive breakouts that complete the pattern. The measured move projection targets $295 for new all-time highs, calculated by taking the cup’s depth and projecting upward from the breakout level. Moreover, global liquidity improvements, driven by coordinated central bank easing, support the “second leg of liquidity wave,” benefiting cryptocurrencies. Regulatory clarity developments, such as the GENIUS Act , provide additional tailwinds for altcoin allocation strategies as SOL approaches the completion of its pattern. Snorter: Join $1.8M Presale Before Q3 Launch The $SNORTER token has achieved remarkable presale success, raising over $2.1 million from investors positioning for Solana’s next growth phase. With the Q3 2025 official launch approaching rapidly, the presale window is closing permanently, creating a final opportunity for early adopters to secure tokens at current pricing. Source: Snorter $SNORTER token holders unlock multiple revenue streams through the ecosystem. Staking rewards reach up to 207% APY for early participants, while reduced trading fees at 0.85% provide ongoing cost advantages compared to competing Solana bots. Token holders gain governance rights in upcoming DAO decisions and early access to new token launches on the platform. The tokenomics structure incentivizes long-term holding through staking mechanisms while supporting platform growth. As Solana approaches its potential $295 targets, alternatives also benefit from it, and demand for them grows proportionally. Market projections estimate that $SNORTER could reach $0.65 by late 2025, driven by the growing adoption of utility tokens and the expansion of the Solana ecosystem. The limited remaining presale allocation, combined with an approaching launch timeline, creates scarcity dynamics that have historically benefited early investors in successful trading infrastructure projects. The post Solana Price Prediction: SOL Up 10.9% This Week – Is a $185 Breakout Possible? appeared first on Cryptonews .