Tag: Neutral

Bitcoin Surges Past $65,000 on Weak Jobs Data, Then Consolidates

Bitcoin’s price surged to $65,400 on Friday following a weaker-than-expected US jobs report, but has since lost some momentum, trading sideways around the $65,000 mark.

Most larger-cap altcoins are showing modest gains, with the exception of HYPE and CRO. The latter experienced a significant downturn after Trump Media, the company behind Truth Social, terminated its partnership with the firm.

Last weekend proved to be a turbulent period for both the primary cryptocurrency and the broader macroeconomic landscape. Bitcoin initially dipped to $62,400 on Friday, attempted a recovery to $63,000 on Saturday, but fell back to $62,200 later that evening. A rebound to $63,800 occurred on Sunday, fueled by news that US President Donald Trump had called off scheduled attacks against Iran, sparking optimism for a potential de-escalation.

However, Bitcoin experienced another dip to $62,200 on Monday morning before mounting an offensive, spiking to $64,000 within hours. The cryptocurrency continued its gradual ascent in the subsequent days, reaching $65,000 on Wednesday as markets anticipated an announcement regarding a deal between the US and Iran.

These hopes proved unfounded once again. Bitcoin slipped back toward $64,000 on Friday morning after a delay in voting on the CLARITY Act. Nevertheless, the release of the weak US jobs report triggered an immediate surge to $65,400, as the likelihood of a September interest rate hike diminished. Despite this, Bitcoin’s upward trajectory was halted, and it is currently trading around $65,000.

Crypto.

com Token Plummets After Trump Media Partnership Cancellation

The most significant industry news in the past 24 hours involves Trump Media’s decision to cancel its partnership with Crypto.com. The impact was immediate for Crypto.com’s native token, which plummeted by over 12% to a multi-year low, falling well below $0.05.

Altcoin Performance Mixed

HYPE is down by over 3% on a daily basis, while ADA has fallen below $0.20 following a recent rally. In contrast, Monero (XMR) has gained 3%, and Dogecoin (DOGE), Solana (SOL), Ethereum (ETH), and Binance Coin (BNB) have registered negligible gains. BEAT, however, has skyrocketed by over 18% daily as its volatile trading continues.

Pi Network Shows Strength

Pi Network’s native token has once again climbed by 5%, now trading above the key resistance level of $0.09. Community sentiment surrounding the token remains bullish.

Market Cap Stable

The total cryptocurrency market capitalization remains around $2.3 trillion, with minimal movement observed over the past 24 hours.

Ethereum’s Price Prediction: Caught in a Tight Range Amidst Heavy Volume, Which Way Will It Break?

Ethereum (ETH) is currently trading around $1,903.44, experiencing a slight 0.19% decline over the past 24 hours. This price action reflects a market locked in tight consolidation. Despite the choppy price movements, spot trading volume on major exchanges remains robust, hovering between $7.2 billion and $8.7 billion daily, indicating that liquidity has not diminished.

Traders are navigating a fragmented spot market, with live data revealing significant discrepancies across various trading desks. This is often characteristic of transitional accumulation zones. The notion that ETH is closer to a significant move than many anticipate is gaining traction.

Recent price action has been accompanied by mixed signals across different timeframes. While weekly charts suggest recent downside pressure, short-term order books indicate aggressive defense near key liquidity pockets. The critical question for investors is whether institutional flows will propel ETH beyond its current range, or if a deeper retracement is necessary before momentum can be restored. The current technical structure points towards an impending range breakout, with spot flows consolidating tightly around primary moving averages.

Technical Landscape and Support Levels

Ethereum’s immediate technical structure is characterized by a balanced struggle between buyers defending the range and overhead supply. At its current price of approximately $1,903.44, ETH is positioned squarely between crucial structural floors and significant liquidity targets. On-chain metrics reveal strong order book density in the $1,713 to $1,740 zone, establishing this region as critical lower-bound support. A breach below this band would invalidate short-term bullish structures and risk exposing lower macro liquidity levels.

On the upside, immediate resistance is forming around $1,950, followed by structural overhead resistance near $2,000. Institutional interest remains a key variable in determining ETH’s trajectory. Sustained spot buying is essential to absorb the overhead supply blocks situated above the current price. Should spot buyers successfully absorb the existing order book supply, an expansion towards $2,100 would represent the primary path of least resistance. Conversely, if resistance holds firm, ETH is likely to persist in its sideways range consolidation. Volatility typically expands after prolonged periods of tight trading channels, and this particular channel has been tightening for some time.

Capital Rotation and Emerging Opportunities

For traders seeking explosive upside potential, large-cap consolidations often lead to capital rotation into high-beta opportunities. While Ethereum offers structural stability, its substantial market capitalization inherently limits its short-term multiplying potential for active traders targeting aggressive gains. This dynamic has directed speculative liquidity towards early-stage projects that present asymmetric risk profiles.

One such emerging target attracting trader attention is Maxi Doge ($MAXI), an ERC-20 token built around a high-leverage trading culture and community competitions. The project features a 240-pound canine persona designed to embody intense trading energy, complemented by a dedicated Maxi Fund treasury for liquidity and ecosystem growth. The presale has already raised $4,838,212.39, with the current token price at $0.0002832. Early participants can benefit from dynamic APY staking rewards.

Recent reports highlighting community demand driving early presales underscore the momentum behind these viral trading ecosystems. However, it is crucial to note that early-stage micro-cap projects carry distinct illiquidity and execution risks that necessitate strict position sizing. Serious market participants are advised to research Maxi Doge thoroughly before the next price tier opens.

Bitcoin’s market trajectory is currently characterized by significant uncertainty, with analysts presenting divided opinions on whether the cryptocurrency has reached a bottom or faces further downward pressure. This divergence stems from conflicting interpretations of recent price action and technical indicators, further complicated by Bitcoin’s historical tendency to defy prevailing market expectations.

Following a dip below $60,000 at the start of the new year, the focus has shifted to identifying a potential market bottom. In this context, several analysts have expressed bullish sentiment. According to Ali Martinez, improving on-chain data and technical indicators suggest that BTC may have established a local bottom. Martinez also observed a decrease in selling pressure and continued long-term accumulation, conditions historically preceding significant upside movements. Adding to this perspective, the TD Sequential indicator flashed a buy signal on Bitcoin’s monthly chart in July, a signal that analysts note successfully identified the last market bottom in 2022.

Michaël van de Poppe shares a similar view, arguing that Bitcoin’s recent decline toward $60,000 is reminiscent of previous bull-market corrections. Van de Poppe suggests that such movements often serve to purge leveraged traders before a broader uptrend resumes, with liquidity gradually returning and buyers re-entering the market. Complementing these observations, Merlijn The Trader commented that the cryptocurrency has completed a classic notable move-and-reclaim pattern, a formation frequently associated with the conclusion of corrections.

However, this optimistic outlook is tempered by Bitcoin’s historical behavior. The article notes that the asset has a track record of inflicting maximum pain and moving contrary to prevailing expectations. Significant rallies have historically followed market shocks, such as the COVID-19 crash and the FTX collapse in late 2022. Conversely, Bitcoin has experienced downturns when market sentiment became overly optimistic, citing the October 2025 crash and a subsequent 55% correction as an example.

This historical precedent underscores that while many current indicators and analyst observations are objectively constructive, markets do not always reward the most obvious trade. The convergence of bullish opinions from analysts like Martinez, van de Poppe, and The Trader, supported by technical and on-chain data, presents a case for a potential upward move. Yet, Bitcoin’s tendency to move against strong conviction means that caution is advised, particularly when sentiment appears overwhelmingly positive.

Ultimately, the market direction for Bitcoin remains uncertain. While constructive factors are present, the cryptocurrency’s history of unpredictable movements and its tendency to defy expectations mean that definitive conclusions about the end of a bear market or an imminent notable move are premature. Investors are reminded that while bullish signals exist, historical patterns suggest that the market may not follow the most anticipated path.

Why This Matters

The materials describe a narrow update: Several crypto analysts have expressed bullish sentiment regarding Bitcoin’s price, suggesting a potential move is imminent due to improving on-chain data, technical indicators, and historical correction patterns. Whether Bitcoin’s bear market is truly over remains uncertain.

Broader Context

Source materials place the market analysis in this context: Ever since bitcoin started plunging real hard at the start of the new year and dumped to and eventually below $60,000, analysts have been focused on trying to determine where the bottom is.

Ripple’s native token, XRP, has struggled to regain the momentum that propelled it to an all-time high in July 2025. In recent weeks, its decline has accelerated, dipping to $1.02 on Friday.

Analyst Remains Bullish Despite Price Dip

Despite the recent downturn, popular market analyst EGRAG CRYPTO maintains a conviction that XRP is approaching a critical “make-or-break” phase, which he terms “The Chasm.” This period, he argues, typically rewards patient investors while forcing short-term traders to exit.

EGRAG acknowledged that his prior expectation of $2.00 serving as macro support did not materialize. However, he believes the overall bullish structure remains intact as XRP nears its 100-week exponential moving average (EMA). This level has historically provided significant support during previous bear market cycles.

The analyst outlined an ideal scenario where XRP stabilizes between $0.95 and $1.00, representing a healthy retest of macro levels before a potential upward move. He did, however, concede the possibility of a more severe downturn. Nevertheless, EGRAG does not anticipate XRP falling below $0.80, which aligns with the lower boundary of its long-term ascending channel.

Ambitious Long-Term Price Targets

The long-term outlook is a key driver for XRP’s supporters. EGRAG remains highly optimistic, projecting ambitious targets of $15, $27, and a remarkable $50 for the token.

He drew a parallel between XRP investors and early shareholders of tech giants like Amazon, Apple, and Google, suggesting that markets often test an asset’s conviction before rewarding long-term holders. EGRAG’s advice to investors is to focus on remaining invested rather than attempting to perfectly time market bottoms, anticipating future expansion.

Realism Amidst High Price Predictions

With XRP trading just above $1.00 at the time of this report, the projected long-term targets, particularly $50, may appear highly speculative, and indeed, the current market structure does not support such predictions. Even the more conservative target of $15 would necessitate a nearly 15-fold increase, requiring XRP to significantly surpass its current all-time high of $3.65.

Achieving a $1 trillion market capitalization, a feat only accomplished by Bitcoin to date, would be a prerequisite for such price levels. This would depend on sustained growth for both XRP and the company behind it, substantial institutional investment, greater regulatory clarity, and a broader market rally.

The immediate question is not whether XRP can reach double-digit prices, but rather if the necessary catalysts will materialize swiftly enough. Nonetheless, XRP has a history of defying expectations and has previously delivered substantial triple- and even quadruple-digit rallies.