Forex Trading Tools and Services

Bitcoin Crypto

Bitcoin Cash Zooms to Yearly High on Fed’s 25bps Rate Cut and Improved Market Sentiment

Bitcoin Cash (BCH) has jumped to a fresh yearly high of $648.20 after the US Federal Reserve announced a cut in interest rates by 25 basis points. The Fed’s dovish policy, which indicates potential cuts in rates later this year, has spurred a risk-on mood across the cryptocurrency market. On-chain metrics register trading volumes of $1.18 billion, the highest since December 2024, with increasing futures open interest and a strong long-to-short ratio, which signal renewed investor demand. With bullish momentum backed by technical indicators like the RSI and MACD, Bitcoin Cash is ready to potentially test higher levels above $700. KEY LOOKOUTS • BCH may extend its rally to retest the April 2024 high at $719.50 if bullish momentum prevails. • Additional Fed rate cuts could maintain risk-on mood and underpin BCH’s price appreciation. • Record trading volumes of $1.18 billion indicate high investor interest and participation in markets. • The RSI being 65 and a maintained bullish MACD crossover indicate sustained upside momentum. Bitcoin Cash is showing good bullish momentum, achieving a new yearly high at $648.20 after the Fed 25 basis point rate reduction. Investor confidence has been lifted by the promise of additional rate cuts later in the year, fueling renewed demand for the cryptocurrency space. On-chain indicators show this optimism, with volumes reaching $1.18 billion—the highest since December 2024—combined with increasing futures open interest and a positive long-to-short ratio. Technical indicators, including the RSI and MACD, support the ongoing upward trend, suggesting that BCH could continue its rally toward key resistance levels above $700. Bitcoin Cash surged to a yearly high of $648.20 following the Fed’s 25bps rate cut, driven by renewed market optimism. Rising trading volumes and bullish technical indicators signal strong momentum, with potential to test levels above $700. • Bitcoin Cash (BCH) hit a new annual high of $648.20 after the Fed’s 25bps rate reduction. • The dovish policy by the Federal Reserve is pointing towards further rate cuts in the second half of 2025, enhancing risk-on sentiment. • Volume increased to $1.18 billion, the highest since December 2024, signaling increased investor interest. •  Futures open interest improved from $486.36 million to $595.78 million, indicating fresh money flowing in. • BCH long-to-short ratio is at 1.28, indicating a largely bullish sentiment of the market. • Chart indicators such as RSI (65) and MACD indicate bullish momentum to continue. • As long as the rally persists, BCH may retest its April 5, 2024 high of $719.50. Bitcoin Cash has dominated much of the attention in the crypto space, recording a new high for the year at $648.20 after the US Federal Reserve reduced interest rates by 25 basis points. The dovish tone of the Fed, coupled with the chance of more rate cuts in the second half of the year, has inspired investor confidence and fueled a risk-on attitude in digital assets. This has seen renewed focus on BCH, marking its increased traction among traders and investors. BITCOIN DAILY CHART PRICE SOURCE: TradingView The rise in Bitcoin Cash’s trading volume, which reached $1.18 billion—the most since December 2024—mirrors greater market involvement and liquidity. Futures open interest has also increased, reflecting new capital coming into the market, as the BCH long-to-short ratio shows a fairly bullish sentiment overall. Generally, these improvements signal greater market activity and optimism regarding Bitcoin Cash’s growth prospects in the next few months. TECHNICAL ANALYSIS Bitcoin Cash also displays robust bullishness. The daily Relative Strength Index (RSI) is 65, indicating buying pressure is building without yet being overbought. Also, the Moving Average Convergence Divergence (MACD) indicator had a bullish crossover in early September, which still holds, indicating the trend is upward. All of these technical indicators point to BCH being in good position to continue its bull run, with a chance to test higher resistance levels in the near future. FORECAST Bitcoin Cash looks set to continue on an upward trajectory in the short term, with the capacity to test its April 2024 high of $719.50 if the bull run continues. Sustained investor interest, increasing trading volumes, and a favorable macroeconomic backdrop fueled by the dovish tone of the Fed can push BCH higher, drawing in fresh buyers and continuing on the uptrend. But warning signs are there as profit-taking or surprise market action may instigate short-term reversals. Any negative news, unexpected monetary policy changes, or general cryptocurrency market corrections will briefly stem BCH’s advance, providing room for consolidation prior to the next leg up.

Bitcoin Crypto

Dormant Bitcoin Whale Stirs: $5.4B BTC Transfer Fuels Volatility Concerns Before Tariff Deadline

A long-dormant Bitcoin whale hit the headlines after moving 50,000 BTC—valued at around $5.4 billion—almost 14 years to the day since they last moved, with concerns over increased market volatility. The enormous transfer, which came from an early miner’s address, was accompanied by a 2% drop in price as Bitcoin dropped below $108,000 after only temporarily crossing above $110,000. This action, combined with slowing exchange volume momentum and impending macroeconomic uncertainty, such as a near-term U.S. tariff deadline, has investors spooked. Even though technical signals point to bearish leanings, persistent institutional demand via BTC spot ETFs may provide a floor to prevent further losses. KEY LOOKOUTS • The unexpected shift of 50,000 inactive BTC heightens the fear of sell-offs and heightened market volatility. • Bitcoin’s fall below $108,000 and the sell signal in MACD point toward a bearish trend persisting over the weekend. • Exchange momentum has fallen to $5.9 billion, reflecting dwindling investor interest and reduced trading interest. • The upcoming U.S. tariff announcement on July 9 might determine overall market sentiment and add to short-term price action. A record Bitcoin whale transaction has shaken the crypto space after 50,000 BTC worth $5.4 billion was transferred from a wallet that had been idle for more than 14 years. The sudden transfer was met with a 2% price drop, driving Bitcoin below $108,000 in the wake of deteriorating investor confidence. Technicals indicate a bearish outlook, with the MACD highlighting a sell sign and exchange volume falling to $5.9 billion, an indication of diminished network activity. While macroeconomic uncertainty mounts prior to the July 9 U.S. tariff deadline, traders are preparing for possible volatility, although institutional demand via BTC spot ETFs can provide a stabilizing influence. One of the inactive Bitcoin whales transferred 50,000 BTC worth $5.4 billion, raising concerns of fresh market volatility. Bitcoin dropped below $108,000, and technical indicators are suggesting further decline. Investors are treading carefully in anticipation of the July 9 U.S. tariff deadline. • A sleeping Bitcoin whale transferred 50,000 BTC—equivalent to around $5.4 billion—for the first time in more than 14 years. • The transaction came from a wallet associated with a pioneering Bitcoin miner. • The price of Bitcoin fell close to 2%, going below $108,000 after passing $110,530 briefly. • Technical levels such as the MACD have reaffirmed bearish bias. • Exchange volume momentum has also fallen to $5.9 billion, a sign of dampened investor enthusiasm. • Market uncertainty is further fueled by the forthcoming July 9 U.S. tariff pause deadline. • Even with the bearish trend, institutional demand via BTC spot ETFs can assist in price stability. A previously dormant Bitcoin wallet belonging to an early miner stunned the crypto world by moving 50,000 BTC, valued at approximately $5.4 billion. This unusual transaction represents one of the biggest one-day Bitcoin transfers ever and has generated broad speculation about the intentions of the whale—strategic repositioning or liquidation buildup. This kind of activity from old wallets generally draws broad interest because of the historical nature of the event as well as the ability to impact sentiment, particularly during times of low volume. BITCOIN DAILY PRICE CHART SOURCE: TradingView Meanwhile, general market interest seems to be easing off. Exchange volume momentum has fallen significantly since the early part of June, averaging $5.9 billion per day now. The deceleration indicates dwindling trading volumes and risk-averse investor sentiment. With current macroeconomic uncertainty, especially the soon-to-be-decided U.S. tariff, the crypto market is walking into a delicate phase. While the unprovoked whale activity has created talk, it also reflects the volatile nature of sentiment- and surprise-driven crypto markets with long-dormant players. TECHNICAL ANALYSIS Bitcoin is indicating bearish energy following a breakdown below a significant descending trendline that it had briefly retaken. The Moving Average Convergence Divergence (MACD) indicator has also triggered a sell signal, which suggests mounting downside pressure. Furthermore, the 50-period and 100-period Exponential Moving Averages (EMAs) of $106,827 and $105,896 respectively can serve as short-term support points. If Bitcoin is unable to hold above these EMAs, the bearish trend may deepen; however, a quick rebound above Thursday’s high could invalidate the bearish sentiment and restore upward momentum. FORECAST Bitcoin’s recovery chances remain alive if the interest of buyers comes back, particularly from institutional investors through spot BTC ETFs and corporate treasuries. A jump beyond the $110,000 level would revive the bull scenario and potentially set the stage towards retesting highs. Optimistic macroeconomic news like reducing geopolitical tensions or positive regulatory news would also serve as engines for the upside direction in the future weeks. On the negative side, Bitcoin can experience prolonged pressure if existing bearish technical cues materialize and macroeconomic uncertainty continues. A fall below crucial support levels of $106,800 and $105,800 could provoke additional declines, and the price could get pulled down to $103,000 or even lower. Ongoing loss of exchange volume and a conservative retail atmosphere could also lead to a shortage of buying power, increasing the chances of larger corrections in the near future.

Crypto Ethereum

Ethereum Price Prediction: ETH Threatens 35% Plunge Despite Death Cross Warning and Trump’s Trade War Threats

The price of Ethereum fell to just under $2,400 after former US President Donald Trump’s sudden cancellation of trade negotiations with Canada over new digital levies and perennial tariffs disputes. The political event put the market on edge, sending Ethereum into a defensive trading range against already poor funding rates and waning investor optimism. With a potential death cross in the making on technical charts, ETH is at risk of a massive decline unless it crosses above crucial resistance at $2,850. Although there is still upside if momentum changes, the prevailing macroeconomic and geopolitical environment indicates that traders are preparing for more volatility.” KEY LOOKOUTS • A possible death cross between the 50-day and 100-day SMAs might initiate a 35% drop, consistent with past historical trends. • Ethereum sentiment diminishes as President Trump suspends trade negotiations with Canada due to unequal digital taxes and levies. • ETH’s funding levels have gone negative several times this week, indicating risk-averse investor sentiment and waning retail positivity. • ETH needs to clear $2,850 to render the bearish view inaccurate; otherwise, it is heading to $1,700 if support gives way. The price of Ethereum fell a little below the $2,400 level on Friday after President Trump made a sudden announcement to cancel trade negotiations with Canada over new digital services taxes and long-standing tariff disagreements. Though equities had a positive response to reports of a done US-China trade deal at first, this quickly turned sour after Trump’s announcement, pulling crypto sentiment along with it. Ethereum, which has been weakening through the negative funding rates and weighted sentiment decline, is now under more pressure with technical indicators pointing towards the possibility of a death cross. Should this bearish trend confirm, ETH would see its price take a major fall, supporting the carefulness that has recently been adopted by investors through persistent macroeconomic uncertainty. Ethereum fell under $2,400 after President Trump cancelled trade negotiations with Canada, triggering risk-off sentiment. Poor funding rates and investor wariness are hindering ETH, which is now threatened by a possible death cross. A confirmed signal could result in a steep drop towards $1,700. • Ethereum fell below $2,400 following President Trump’s cancellation of trade negotiations with Canada, triggering market uncertainty. • Trump used Canada’s Digital Services Tax on U.S. technology companies as a pretext for halting talks, ratcheting up trade tensions. • ETH financing rates went negative several times this week, indicating increasing bearish sentiment among traders. • Weighted sentiment fell sharply to levels not seen since previous trade war threats in March. • A possible death cross between the 50-day and 100-day SMAs might presage a 35% price decline, repeating previous trends. • ETH saw more than $50 million in liquidations with longs representing most of the losses. • Resistance is at $2,850, and a breakout above this may nullify the bearish scenario and have $3,400 as its target. Ethereum’s price movement in the recent past has been driven more by geopolitical events than on-chain metrics. Former President Donald Trump’s move to cut trade talks with Canada has brought back trade war tensions, especially after blaming Canada for charging U.S. tech companies with discriminatory digital service taxes. The action not only caused volatility in mainstream financial markets but also crossed over into the cryptocurrency market, adding to investors’ loss of confidence. The wider crypto market was broadly flat, with stock indices such as the S&P 500 and Nasdaq momentarily rallying before flagging. ETHEREUM DAILY PRICE CHART SOURCE: TradingView Retail sentiment towards Ethereum has cooled significantly in spite of earlier enthusiasm driven by developments in global ceasefires and positive macroeconomic trends. Trump’s combative rhetoric and threats of fresh tariffs have introduced uncertainty, particularly for risk-averse assets such as cryptocurrencies. Market participants appear to be treading cautiously, avoiding large commitments amid the political noise. Ethereum’s future movement now hinges heavily on how global markets absorb these geopolitical shifts and how investors balance optimism from trade progress elsewhere with renewed tensions close to home. TECHNICAL ANALYSIS Ethereum indicates the beginning of possible bearish momentum as the 50-day Simple Moving Average (SMA) approaches a crossover below the 100-day SMA, a pattern called a “death cross.” The pattern, traditionally linked to bear markets, increases the possibility of a steep downturn if it indeed manifests. Relative Strength Index (RSI) is just short of the neutral area, indicating indecision in momentum, and the Stochastic Oscillator is probing its overbought threshold. If both indicators are rejected, it may add to downward pressure. Yet, a continuation beyond the $2,850 resistance level would nullify the bearish setup and provide the way for a bull breakout. FORECAST If Ethereum is able to bounce above the critical resistance of $2,850, it may initiate a fresh bullish trend. This break would most likely attract fresh buying interest and investor attention, compelling ETH towards the next psychological level of $3,400. Favorable momentum could be fueled by better sentiment, positive macroeconomic news, or reduced geopolitical tensions. A strong break past $3,400 would set the stage for a retest of year-highs and reinforce Ethereum’s position in the wider crypto market. Conversely, in the event that Ethereum confirms the imminent death cross between the 50-day and 100-day SMAs, it would spell a massive price correction. According to historical trends, ETH can drop by as much as 35%, lowering the price to the $1,700 support level. Sustained negative funding rates, poor sentiment, and continued geopolitical tensions might further accelerate this decline. A failure to maintain above the key support levels in the $2,300–$2,400 region could provoke further selling from both derivatives and spot traders.

Commodities Gold

Ethereum Price Prediction: ETH Bounces Back from $2,400 As Exchange Inflows Rise and Market Uncertainty Sets In

Ethereum (ETH) traded at a mere $2,500 after suddenly depreciating by 7% due to increasing macroeconomic pressures and increased selling pressure, including more than 117,000 ETH in net exchange inflows. The fall came after a high-profile confrontation between Donald Trump and Elon Musk set in as market uncertainty set in. In spite of the sell-off, ETH drew short-term support around $2,400 and is now trying to recover the lower edge of a rising wedge pattern. Although technical indicators indicate a mild softening in bearish momentum, exchange inflows and a defensive options market convey caution on the part of investors. KEY LOOKOUTS • More than 117,000 ETH came onto exchanges, indicating persistent selling pressure and downside risk if the trend continues. • Ethereum settled just below $2,400; a breakdown below this level may induce a decline towards $2,260–$2,110. • ETH is retesting the support line of the rising wedge at $2,530; rejection at this level may cement additional bearish momentum. • Risk-off is prevalent in the options market, with higher demand for protective puts and bearish reversals across major risk gauges. Ethereum is weathering a decisive moment as it hovers around $2,500, trying to bounce back from a steep fall precipitated by the surge in exchange inflows and wider market uncertainty. The altcoin fell more than 7% following an open confrontation between Donald Trump and Elon Musk and growing U.S. Treasury yields, with investors making over $600 million worth of realized profits. ETH took support close to $2,400 and is now probing the lower edge of a rising wedge pattern, an important technical resistance area of $2,530. Although some indicators such as RSI and Stochastic Oscillator indicate declining bearish momentum, persistent exchange inflows and risk-off sentiment in the options market maintain downward pressures in place. Ethereum is trying to recover after falling more than 7%, resting on support around $2,400 and challenging resistance around $2,530. Increasing exchange inflows and a bearish change in sentiment indicate caution, even with initial indications of weakening downside momentum. • Ethereum is just below $2,500 after a steep 7% fall. • ETH dropped to short-term support around $2,400 after the decline. • More than 117,000 ETH worth of net inflows indicate continuous selling pressure. • Over $600 million in profits were earned over the last two days. • ETH is probing the lower edge of a rising wedge at $2,530. • Risk reversal indicators demonstrate a robust move towards downside protection. • Increasing Treasury yields and soft U.S. job statistics contribute to investor reserve. Ethereum experienced heightened market stress this week as more than 117,000 ETH entered exchanges, the second-highest inflow in months. This move followed a high-profile public spat between Elon Musk and Donald Trump that generated wider market unease. The Ethereum flood onto exchanges indicates that investors chose to take profits as macroeconomic worries increased, with more than $600 million in realized profits in just two days. Such massive moves tend to be indicative of a shift in investor sentiment, particularly when combined with prudence regarding economic metrics such as employment statistics and interest rate dynamics. ETHEREUM DAILY PRICE CHART CHART SOURCE: TradingView Apart from the increased selling pressure, Ethereum exchange-traded funds (ETFs) also continued to experience small inflows, showing that some institutional faith exists despite the overall risk-off mood. In the meantime, increasing U.S. Treasury yields and flat job growth figures contributed to the cautious market tone. Although short-term investor action is defensive, longer-term holders such as those who held ETH for a maximum of two years were also observed to take part in recent profit-taking. Overall sentiment is cautious as market participants absorb the implications of moving macroeconomic trends and political headlines. TECHNICAL ANALYSIS Ethereum recently broke below the lower limit of a rising wedge formation, a generally bearish indication, before rallying around the $2,400 mark. It is now trying to retake this mark by testing the wedge’s previous support line, now resistance at $2,530. A successful breakout over this area could set the route towards $2,750–$2,850, while a rejection can strengthen the bearish trend, which could send ETH down towards the $2,260–$2,110 zone. Markers such as the RSI have bounced back above the mid-line, and the Stochastic Oscillator has moved out of oversold levels, indicating a brief relief in bearish pressure. FORECAST If Ethereum can breach the $2,530 resistance and re-enter the rising wedge pattern, it may initiate a short-term bull reversal. In this case, ETH can rise to the $2,750–$2,850 resistance zone, particularly if macroeconomic conditions improve and exchange outflows start to outnumber inflows. A change in sentiment to the positive and technical confirmation of support reclaiming could give bulls the necessary traction to test higher grounds. To the downside, a failure to break above the wedge’s lower edge may see selling pressure resume. If ETH drops below the key $2,400 support point, it could pave the way for another sharp fall down toward the $2,260–$2,110 area. Ongoing high exchange inflows, hedging options positioning, and ongoing macroeconomic headwinds—such as increasing Treasury yields—would most likely reinforce the bearish thesis in the short term.