U.today

Earlier this Tuesday, the prices of Bitcoin (BTC), XRP, and other major tokens surged higher after rumors of Federal Reserve Chair Jerome Powell's resignation started spreading like wildfire on the X social media network.

Several right-wing influencers and some cryptocurrency accounts began sharing a resignation letter that was allegedly written by Powell.

However, there is no official statement regarding Powell's resignation, and the aforementioned letter is obviously not authentic.

Apart from nonsensical text, its seal, which was likely generated with the help of artificial intelligence (AI), features some gibberish text instead of clearly legible titles. There are also some glaring design inconsistencies that clearly show that the letter is not authentic.

Fake news. https://t.co/02xmtMJ6kr

— Markets & Mayhem (@Mayhem4Markets) July 22, 2025

However, the low-effort letter was still seemingly able to push crypto prices higher, with Bitcoin now approaching the $120,000 level.

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There is an ongoing right-wing pressure campaign aimed at Powell due to the Fed's interest rates. During her recent appearance on Fox Business, pro-Bitcoin Wyoming Senator Cynthia Lummis urged Powell to resign.

FHFA director Bill Pulte, who has been aggressively targeting Powell, believes that Powell will be resigning "soon," but he has clarified that today is not the day.

I believe Powell will be resigning soon, but today is not the day.

— Pulte (@pulte) July 22, 2025

At the same time, some argue that ousting Powell before the end of his term will likely undermine the Fed's independence. As reported by U.Today, cryptocurrency mogul Mike Novogratz described this as "Banana Republic moves" while also urging investors to buy Bitcoin. Some believe that Powell's sudden outsintg could potentially boost crypto.

According to a recent report by the Financial Times, American banking giant PNC, which boasts around $400 billion worth of deposits, is on track to allow cryptocurrency trading by teaming up with leading US digital asset exchange Coinbase.

US banking giants are now getting increasingly involved in crypto after the U.S. government swiftly moved to embrace the sector.

Asreported by U.Today, banking giant JPMorgan might soon allow its customers to borrow cash while using Bitcoin (BTC) and Ethereum (ETH) as collateral.

PNC's latest move might position it in a better way to compete with major banks.

That said, it is worth noting that this will not be PNC's very first foray into crypto and blockchain. Back in 2018, PNC adopted Ripple's xCurrent cross-border payment system, becoming the very first US bank to do so.

PNC's plan to allow crypto trading has been years in the making. Back in 2021, PNC CEO Bill Demchak said that the bank's cryptocurrency platform was "built and ready." However, he stated that the Pittsburgh, Pennsylvania-based financial services corporation needed more time to enable digital asset trading due to regulatory uncertainty.

It is worth noting that PNC has some substantial institutional Bitcoin exposure, recently increasing its stake in the Bitwise Bitcoin ETF (BITB) to $67 million.

XRP has just lost over $7 billion in market capitalization, falling from $215 billion to around $208 billion in less than a day — its biggest one-day loss for weeks. This decline coincided with a broader cooling-off period on the crypto market, with the global market cap falling by 1.1% and over $556 million being liquidated across trading platforms.

Even Bitcoin was not spared, with the first ETF outflow since early June being recorded.

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The hourly candles tell the story clearly. XRP experienced its worst hourly sell-off of the day, dropping from $3.51 to $3.42 before partially recovering.

This pullback is due not only to local volatility but also to a familiar post-euphoria lull. Just as activity dipped after the regulatory buzz of Crypto Week, the current silence has left the market vulnerable to minor shocks and opportunistic profit-taking.

It is not unusual to see a correction afterXRP price gained over 50% in 13 days, especially given that it is already a coin with a market cap in the hundreds of billions of dollars.

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There were also warning signs, as altcoin open interest has once again approached Bitcoin’s share — a pattern that has preceded sharp corrections in the past. Historically, when altcoin exposure grows too quickly relative toBitcoin, it is followed by a wave of deleveraging.

With XRP struggling to regain its earlier highs and markets awaiting macroeconomic signals, this may not signal the end of the bull run.

However, it could indicate a pause in the overheated chase that has characterized the market recently.

Stellar (XLM) has lost over 6% of its price value in the last 24 hours. The XRP rival appears likely to drop into more bearish territory, as its three-hour chart indicates a death cross is on the horizon. According to CoinMarketCap data, the formation of a death cross is imminent, as indicated by shifts in the 9-day and 26-day moving averages.

Bearish pattern emerges as XLM price slips

Notably, a death cross is a technical pattern that often signals a prolonged period of decline. This period is also characterized by declining investor confidence in the asset.

On the crypto market, Stellar is witnessing very low interest from investors as trading volume has dropped by a significant 12.43% to $845.92 million.

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According to the death cross, it appears likely to form within a price range of between $0.4680 and $0.4684. Meanwhile, Stellar has slipped from its peak of $0.493 on a downward path. As of press time, Stellar is trading at $0.4608, representing a 6.45% decline over the last 24 hours.

Beyond the death cross, Stellar’s Relative Strength Index (RSI) at 74.93 indicates that the asset is slightly overbought and has weak momentum in terms of price. Additionally, the broader crypto market correction is also impacting the price outlook of XLM.

Stellar’s past gains wiped

The current market setup represents a significant shift from the first week of July, when Stellar was outperforming its rival, XRP. Then, XLM had diverged from XRP by as high as 5%, in a move that caught the attention of investors in the space.

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Although XRP is also experiencing bearish pressure from the general market downturn, its price has decreased by 3.47% and is not as high as Stellar’s.

Another bullish trigger for Stellar at the start of the month was the release of the Stellar Core v23.0.0rc2 update. The update, which aimed to lower the costs of making cross-contact calls, resulted in an 8% price increase at the time.

Cardano (ADA) edged near the coveted $1 milestone during Monday's spectacular rise, reaching a high of $0.93, a level not seen since March 2025. While the move prompted excitement in the ADA community, momentum stalled just before a breakout to $1, leaving investors wondering if this is merely a halt or the end of the run.

ADA's recent price surge coincided with a wave of renewed market optimism, with bullish sentiment propelling large-cap altcoins upward. Cardano gained attention for forming a "god candle," a massive green candlestick that indicates a strong shift in momentum.

This sharp upward movement was viewed as the start of a long-awaited recovery rally, with the potential to push Cardano back above $1 after months of consolidation and underperformance. Cardano dropped below $1 for several months, from May 2025 to October 2024, before it touched the milestone again.

What happened?

Cardano has consistently gained since July 8 from a low of $0.573, exceeding the daily SMA 50 and 200 at $0.655 and $0.746, respectively.

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Despite the positive trend, ADA was unable to break over the important resistance level near $0.95, reaching $0.935 on July 21. Profit-taking, a market-wide cooldown and psychological resistance at $1 all contributed to the stall.

Additionally, technical indicators showed signs of overbought conditions, which may have triggered short-term caution among traders.

At press time, ADA was down 3.97% over the last 24 hours to $0.886 amid recent profit-taking on the market.

Despite this, hope is not lost, as Cardano may be consolidating before rallying to the next level. If ADA exceeds $1, it may eventually surpass $2.

Cardano's Lace wallet has received a new update, v.1.25, which lets users convert their digital valuables into high-quality physical artwork. Lace has introduced support for embedding metadata in Bitcoin transactions.

Michael Saylor just revealed the latest numbers behindStrategy's Bitcoin strategy — and they are bigger than ever. So far this year, the company has gained 93,191 BTC, which is about $11.1 billion at today's prices.

That includes 5,668 BTC added in the first three weeks of July alone, valued at roughly $676 million. There is no trading here. It is a straightforward accumulation strategy that has stayed the same since that day in August 2020.

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With a grand total of607,770 BTC now in the bag, Strategy's holdings are worth a whopping $72.5 billion. That makes it the biggest public Bitcoin holder by a long shot. At this point, the company looks more like a BTC vault with a ticker symbol than asoftware producing firm.

$MSTR has generated a BTC Gain of ₿93,191 YTD, worth $11.1 billion. In the first three weeks of July, we achieved a BTC Gain of ₿5,668 worth $676 million. pic.twitter.com/t6CiPUipEl

— Michael Saylor (@saylor) July 22, 2025

So far this year, the yield on the position is 20.8%, with a 0.9% quarterly gain already locked in. But the biggest milestone came last year: in 2024 alone, Strategy added 140,538 BTC, translating to a $13.133 billion increase and a full-year BTC yield of 74.3%.

It is not without its ups and downs. One-year historical volatility is still at around 47%, with the 30-day figure at 20%. Implied volatility is at 43%, showing the market still expects sharp moves. But for Saylor, those swings do not seem to matter.

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This is not a hedge or a side play.Bitcoin is now a central part of Strategy's financial strategy, and it has been integrated into the company's core.

With over $66 billion tied directly to BTC and no exit signs on the horizon, Saylor's approach is not just a case study anymore. It is a roadmap — or maybe a challenge — for any corporate treasury still waiting for a "safe" entry point.

Despite sellers' pressure, some coins remain in the green zone today, according to CoinStats.

BTC/USD

The price of Bitcoin (BTC) has declined by 0.36% since yesterday.

On the hourly chart, the rate of BTC is looking bullish as the price is about to again test the local resistance level. If it breaks out, the accumulated energy might be enough for a test of the $120,000-$121,000 range.

On the daily time frame, the situation is less positive for buyers. The price of the main crypto is in the middle of the wide channel, between the support of $115,226 and the resistance of $123,236.

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As none of the sides is dominating, ongoing sideways trading in the area of $117,000-$121,000 is the most likely scenario.

From the midterm point of view, one should focus on the bar's closure in terms of the $119,482 level. If it happens near it or above, growth is likely to continue to a new all-time high.

Bitcoin is trading at $119,122 at press time.

The majority of the coins are facing correction today, according to CoinStats.

SHIB/USD

The rate of SHIB has declined by 6% over the last 24 hours.

On the hourly chart, the price of SHIB is testing the support of $0.00001480. If the daily bar closes around that mark, traders may witness a dump to the $0.000014 zone.

On the longer time frame, the situation is similar. If a breakout at the $0.00001479 level happens, traders can expect an ongoing downward move to the $0.00001350-$0.000014 range.

From the midterm point of view, the rate of SHIB has bounced off the resistance of $0.00001584.

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If the weekly bar closes around the current prices or below, there is a chance of seeing a test of the $0.00001362 support.

SHIB is trading at $0.00001514 at press time.

A fresh rivalry is brewing in the crypto rankings as Bitcoin Cash (BCH) edges past Shiba Inu (SHIB) in the battle for market cap dominance. As of now, Bitcoin Cash ranks as the 17th-largest cryptocurrency by market capitalization, while Shiba Inu presently sits in 18th place, according to CoinMarketCap data.

Bitcoin Cash's market capitalization is currently $10.34 billion, allowing it to surpass the dog coin, which now has a market capitalization of $8.93 billion in the rankings. With both assets now neck and neck, the market waits to see what happens next.

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Shiba Inu climbed higher in the crypto market rankings, nearing the Bitcoin hard fork, as the market experienced a bullish surge that benefited meme coins, including Shiba Inu.

Shiba Inu vs. Bitcoin Cash: Who wins?

The Shiba Inu derivatives market is seeing significant activity, with open positions in Binance-listed futures contracts reaching their highest level since December.

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SHIB's price has risen 31% this month, with a clear recovery pattern emerging after months of dropping and consolidation.

At press time, SHIB was down 3.94% in the last 24 hours to $0.000015 due to recent market profit-taking, having achieved a high of $0.00001598 on July 21 after six consecutive days of increases.

Bitcoin Cash, which split off from its parent currency in 2017, is the most popular and widely traded of the 100-plus Bitcoin "forks." In practice, it behaves similarly to Bitcoin (BTC) but with a substantially bigger block size and a completely distinct underlying blockchain.

Bitcoin Cash has been on a tear since its April low of $249, with three consecutive months of price increases, and July set to be the fourth. BCH is now trading at $515, down from a high of $553 reached on July 20.

American financial services company Compass Point, which is primarily known for specializing in equity research, has downgraded USDC issuer Circle to a Sell rating.

This comes after the GENIUS Act, the groundbreaking stablecoin legislation that provides much-needed clarity for the sector, was recently signed into law in the U.S.

Compass Point expects the Circle (CLRC) stock to plunge to just $130 (a whopping 37% reduction).

The shares of the leading stablecoin issuer are currently down by nearly 9% following the massive downgrade.

According to Compass Point, Circle's current valuation cannot be justified by its revenue model and competitive positioning.

The downgrade that comes hot on the heels of the hugely important stablecoin bill seems to be counterintuitive, given that the much-touted legislation is expected to give the stablecoin sector a substantial boost.

Ironically, some analysts view the passage of the GENIUS Act as bad news for the company since it will lead to more market saturation. Circle's USDC already has to compete with Ripple's RLUSD and some other upstarts.

However, the bill is expected to create even more competition, given that it clears the way for major banking institutions to finally enter the stablecoin space under federal regulation. Such major players with massive user bases and significantly lower customer acquisition costs could potentially emerge as dominant new players within the space.

On top of that, the bill will also increase compliance costs for Circle.

Even though Circle is now pursuing a national trust bank license, Ripple is also making similar moves.

XRP has just flashed a golden cross on its daily chart, a rare and bullish technical signal that could herald a fresh uptrend for the third-largest cryptocurrency. This is XRP's first major golden cross in 2025, and investors are closely watching what happens to the price next.

A golden cross occurs when a short-term moving average (usually the 50-day) crosses above a long-term moving average (such as the 200-day). It is often seen as a bullish indicator, signaling that upward momentum may be building.

XRP's last golden cross appeared in November 2024, and a massive rally followed: XRP skyrocketed from the $0.50 range to a high of $3.39 by mid-January 2025, representing a more than 460% rise in just two months.

With the pattern now reappearing, market watchers are drawing parallels and speculating on whether an explosive move is in the cards. More specifically, if history repeats itself and XRP sees a 500% increase, it will target $17.

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However, in the medium term, XRP price projections range from $4 to $6, with an intermediate value of $5. At press time, XRP was down 0.68% in the last 24 hours at $3.51, reflecting recent market profit-taking.

Since reaching a new high of $3.66 on July 18, XRP has been consolidating in a range of $3.339 to $3.66, awaiting its next major move.

What traders are watching

XRP's recent move confirms completion of a six-year symmetrical triangle, with a Fibonacci target of around $6.00.

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Resistance is currently around $3.66, with support consolidating at $3.50. A sustained hold above $3.50-$3.60 could result in a retest of $3.84 and a move closer to the $6.00 Fibonacci target.

However, a failure below $3.50 could return XRP to triangle support near $3.46, risking a new retest of that level.

XRP has experienced a surge in whale activity over the last 24 hours. The most recent transaction involved the transfer of 200,000,015 XRP worth $687,286,623 from an unknown wallet to another unknown wallet. Also, 16,812,113 XRP worth $60,621,045 were transferred from an unknown wallet to the Coinbase cryptocurrency exchange.

XRP has just flashed a golden cross on its daily chart, a rare and bullish technical signal that could herald a fresh uptrend for the third-largest cryptocurrency. This is XRP's first major golden cross in 2025, and investors are closely watching what happens to the price next.

A golden cross occurs when a short-term moving average (usually the 50-day) crosses above a long-term moving average (such as the 200-day). It is often seen as a bullish indicator, signaling that upward momentum may be building.

XRP's last golden cross appeared in November 2024, and a massive rally followed: XRP skyrocketed from the $0.50 range to a high of $3.39 by mid-January 2025, representing a more than 460% rise in just two months.

With the pattern now reappearing, market watchers are drawing parallels and speculating on whether an explosive move is in the cards. More specifically, if history repeats itself and XRP sees a 500% increase, it will target $17.

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However, in the medium term, XRP price projections range from $4 to $6, with an intermediate value of $5. At press time, XRP was down 0.68% in the last 24 hours at $3.51, reflecting recent market profit-taking.

Since reaching a new high of $3.66 on July 18, XRP has been consolidating in a range of $3.339 to $3.66, awaiting its next major move.

What traders are watching

XRP's recent move confirms completion of a six-year symmetrical triangle, with a Fibonacci target of around $6.00.

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Resistance is currently around $3.66, with support consolidating at $3.50. A sustained hold above $3.50-$3.60 could result in a retest of $3.84 and a move closer to the $6.00 Fibonacci target.

However, a failure below $3.50 could return XRP to triangle support near $3.46, risking a new retest of that level.

XRP has experienced a surge in whale activity over the last 24 hours. The most recent transaction involved the transfer of 200,000,015 XRP worth $687,286,623 from an unknown wallet to another unknown wallet. Also, 16,812,113 XRP worth $60,621,045 were transferred from an unknown wallet to the Coinbase cryptocurrency exchange.

SHIB-affiliated X account @Shibizens has addressed the Shiba Inu community with an X post that contains a bullish statement about the second-largest meme cryptocurrency and a potential price prediction.

The team has assured the community that the Shiba Inu coin remains strong and is ready to continue moving further, transforming the crypto space.

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"SHIB may soar 800% like in 2021"

The tweet claims that no matter the amount of dips that the Shiba Inu meme coin is facing right now, it is currently “stronger than ever and ready to push even harder.”

Besides, @Shibizens said, the situation on the cryptocurrency market even for one coin, like SHIB, could change within a short period, such as a week, and the price may soar by 800% as it did during the bull run four years ago, in 2021: “Who knows one week can flip everything, just like SHIB’s 800% run in 2021.”

Currently, SHIB is changing hands at $0.00001503. Price growth of 800% would mean it reaching $0.00013527.

We’re facing a lot of price dips, but we’re stronger than ever and ready to push even harder.And who knows one week can flip everything, just like SHIB’s 800% run in 2021.

— Shibarium 🍖 | SHIB.IO (@Shibizens) July 22, 2025

SHIB burns jump 1,707%

Shibburn wallet tracker has published a recent update on the daily burns on its official website. Over the past day, this SHIB metric has witnessed four-digit growth, rising by 1,707.43%.

This increase was possible thanks to the Shiba Inu community transferring a total of 21,611,083 SHIB to unspendable blockchain wallets. So far, there have been three burn transactions today. The two largest carried 16,444,740 and 5,096,923 SHIB to dead-end wallets.

SHIB-affiliated X account @Shibizens has addressed the Shiba Inu community with an X post that contains a bullish statement about the second-largest meme cryptocurrency and a potential price prediction.

The team has assured the community that the Shiba Inu coin remains strong and is ready to continue moving further, transforming the crypto space.

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"SHIB may soar 800% like in 2021"

The tweet claims that no matter the amount of dips that the Shiba Inu meme coin is facing right now, it is currently “stronger than ever and ready to push even harder.”

Besides, @Shibizens said, the situation on the cryptocurrency market even for one coin, like SHIB, could change within a short period, such as a week, and the price may soar by 800% as it did during the bull run four years ago, in 2021: “Who knows one week can flip everything, just like SHIB’s 800% run in 2021.”

Currently, SHIB is changing hands at $0.00001503. Price growth of 800% would mean it reaching $0.00013527.

We’re facing a lot of price dips, but we’re stronger than ever and ready to push even harder.And who knows one week can flip everything, just like SHIB’s 800% run in 2021.

— Shibarium 🍖 | SHIB.IO (@Shibizens) July 22, 2025

SHIB burns jump 1,707%

Shibburn wallet tracker has published a recent update on the daily burns on its official website. Over the past day, this SHIB metric has witnessed four-digit growth, rising by 1,707.43%.

This increase was possible thanks to the Shiba Inu community transferring a total of 21,611,083 SHIB to unspendable blockchain wallets. So far, there have been three burn transactions today. The two largest carried 16,444,740 and 5,096,923 SHIB to dead-end wallets.

Thepopular meme coin Shiba Inu (SHIB) is getting close to Bitcoin Cash, with a difference of just over $1.4 billion in market capitalization between the two. SHIB is currently valued at $8.86 billion, while Bitcoin Cash is at $10.35 billion. After a solid two-week run, SHIB is gearing up to take on BCH for 17th place on CoinMarketCap — for the first time since last year.

Since July 10,Shiba Inu has gained more than 16%, while BCH has risen by just under 7% over the same period. But the meme coin has added about 32% more than the Bitcoin fork in total movement this month, thanks to an Ethereum renaissance.

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SHIB's trading volume over 24 hours is $529 million, almost matching BCH's $610 million, despite its price per unit being just a fraction of a cent. Liquidity on the major exchanges is still strong, and SHIB is getting a lot of attention on major exchanges.

At press time, SHIB is trading at $0.000015, which is slightly lower than yesterday's figure but still in the black for the week. BCH is currently at $520, with a steadier upward trend, though.

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Switching between the two would be more than just a cosmetic change for an elite crypto ranking. It would mean a change in the way money flows between older fork-era coins and more active speculative assets.

If things keep going the way they are, SHIB could beat BCH in just a few days. Sure, this has not happened yet, but there is a good chance it will, and market participants are keeping an eye on it. Just $1.488 billion to go.

Thepopular meme coin Shiba Inu (SHIB) is getting close to Bitcoin Cash, with a difference of just over $1.4 billion in market capitalization between the two. SHIB is currently valued at $8.86 billion, while Bitcoin Cash is at $10.35 billion. After a solid two-week run, SHIB is gearing up to take on BCH for 17th place on CoinMarketCap — for the first time since last year.

Since July 10,Shiba Inu has gained more than 16%, while BCH has risen by just under 7% over the same period. But the meme coin has added about 32% more than the Bitcoin fork in total movement this month, thanks to an Ethereum renaissance.

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SHIB's trading volume over 24 hours is $529 million, almost matching BCH's $610 million, despite its price per unit being just a fraction of a cent. Liquidity on the major exchanges is still strong, and SHIB is getting a lot of attention on major exchanges.

At press time, SHIB is trading at $0.000015, which is slightly lower than yesterday's figure but still in the black for the week. BCH is currently at $520, with a steadier upward trend, though.

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Switching between the two would be more than just a cosmetic change for an elite crypto ranking. It would mean a change in the way money flows between older fork-era coins and more active speculative assets.

If things keep going the way they are, SHIB could beat BCH in just a few days. Sure, this has not happened yet, but there is a good chance it will, and market participants are keeping an eye on it. Just $1.488 billion to go.

XRP price eyes rare Golden Cross.

$4.20 XRP is back on radar as an ultra rare double golden crossemerges.

First Golden Cross. 23-day MA crossed above 200-day MA.

Five days ago, the 23-day moving average broke above the 200-day, forming the first golden cross. The price then jumped from around $2.90 to over $3.50.

Second Golden Cross. 50-day MA nearing a cross above 200-day MA.

Now, the 50-day moving average is closing in on the 200-day moving average. If it crosses as well, the market will have two golden crosses back-to-back - a rare setup in its nature, but common in bull rallies.

If confirmed, XRP will have 2 golden crosses in succession – rare and bullish

Next target. XRP price poised to $4.20.

That was the breakout target when XRP was consolidating within a large triangle pattern, before it went 700% from $0.50 to $3.50. Now, with things cooling off slightly and consolidating, $4.20 is back in play as the next logical step.

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Would Michael Saylor buy XRP?

Comparing Saylor's Bitcoin gains to his potential XRP gains makes no sense, according to analyst.

Missed opportunities. If Michael Saylor had invested in XRP instead of Bitcoin, his portfolio would be worth nearly 2x more today.

Had Saylor invested in XRP instead of the original cryptocurrency, the portfolio would be worth almost double as of today, according to the estimates performed by former RippleX engineer Matt Hamilton. Moreover, Saylor's purchase of the XRP token would likely push the price further due to media attention.

Christopher Inks' rebuttal. Saylor wouldn’t “touch it”.

Following XRP's enormous price rally, there has been a heated debate about whether or not Strategy's Michael Saylor would have been better off picking the Ripple-linked token instead of Bitcoin.

However, Christopher Inks of TexasWest Capital believes that the idea that Saylor would even touch XRP is essentially nonsense.

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Shiba Inu price suggests Ethereum pattern

Ethereum bullish signal. 200-day MA.

This week, Ethereumhas pushed through its 200-day moving average on the two-day chart, flashing one of its most reliable continuation signals.

Shiba Inu bullish signal. 200-day MA.

But at the same time, its most prominent meme proxy, Shiba Inu (SHIB), is just behind. Though not for long, if the charts hold true. SHIB is currently up 9.13%, approaching its own 200-day moving average on the same two-day time frame.

SHIB vs. Ether. Pre-breakout structure.

The last time Ethereum broke above this long-term resistance, it triggered a multi-week vertical rally. The same setup appears to be forming under SHIB's surface. Right now, the token is on a clear upward trend, with an increase in trading volume. This is often a sign that a bigger price movement is about to happen.

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The correction has started for most of the coins, according to CoinMarketCap.

DOGE/USD

DOGE is one of the biggest losers today, going down by 4.78%.

On the hourly chart, the rate of DOGE is falling after setting a local resistance of $0.2749. If buyers cannot seize the initiative soon, one can expect a support breakout, followed by a test of the $0.25 mark.

On the longer time frame, the price of DOGE is declining after a false breakout of the $0.2783 level.

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If the candle closes near its low, the correction is likely to continue to the $0.24-$0.25 range soon.

From the midterm point of view, the picture is similar. If the weekly bar closes far from that mark, bears may come back to the game, which may lead to a drop to the $0.24 range.

DOGE is trading at $0.2625 at press time.

The Shibarium community has received a cautionary message to guide users in the Shiba Inu (SHIB) ecosystem. In a poston X, an insider in the SHIB community, Yona Gushiken, urged vigilance from those who interact with BONE and Shibarium, the ecosystem’s layer-2 blockchain.

SHIB community cautioned over fake bridge threats

Gushiken emphasized that users, especially new investors in the Shibarium community, need to familiarize themselves with the projects before engaging. The warnings are crucial given the growing number of crypto scams in the industry.

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He highlighted some common points of confusion for some in the community. These include BONE, fake bridges or adding Shibarium to MetaMask. For instance, BONE is the gas used on Shibarium, serving to ensure transactions are cheaper and better integrated with the broader Shiba Inu community.

Confused by $BONE, fake bridges, or adding Shibarium to MetaMask? 😵💫 Don’t get wrecked—learn the ropes before you click. 🧠💥 #Shibarium #CryptoTips Read more: https://t.co/23nviop1kK

— Yona Gushiken (@yonashib) July 22, 2025

However, it is noteworthy that this gas could spike when the network is experiencing heavy usage. Hence, to avoid incurring significant expense, users can transact during off-peak hours.

Gushiken particularly stressed the need for users to avoid getting scammed by fake bridges. Notably, these bridges are scam websites or apps that claim to link assets, such as Ethereum, to the Shibarium network. In reality, they explore ways to steal users’ funds.

Vigilance remains crucial on Shibarium

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Additionally, "adding Shibarium to MetaMask" refers to the manual process where users manually enter the correct network details. If one is not careful, a user could enter these details into the fake "guides" that pop up and connect to malicious sites.

Overall, the message serves as a reminder to the Shibarium community to always avoid common pitfalls and prevent loss of their assets. Interestingly, these malicious actors could create offers tied to real events, such as milestones attained, and request users to "claim a reward." Such links to the reward end up stealing a user’s funds.

Bitcoin's strong July rally may be giving bulls a reason to smile, but the next page on the calendar brings a very different tone. From a statistical perspective, August is Bitcoin’s worst-performing month, and price history suggests that trouble may be on the horizon.

Of all the months, August has the lowest median return, at -8.3%. The average return is not much better at just -0.23%, with repeated sell-offs during this period putting a damper on things.

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The numbers do not lie. In 2024,BTC fell by 8.73% in August. In 2023, it fell by 11.2%. And in 2022? Down another 14%. That is three consecutive years of significant losses, wiping out gains and reversing uptrends.

Historically, the only hope for better Augusts, such as the +14% in 2021 or the +2.54% in 2020, came in the middle of a bull cycle, just like the current state of the market.

BTC is currently trading at around $119,000, ending July with an 11.3% monthly increase. Nevertheless, the chart is already flattening right under the $120,000 resistance zone. Without a new catalyst or volume spike, the outlook is uncertain heading into the end of the month.

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What makes August especially dangerous is that selling usually starts quickly. Historically, early August often brings sharp pullbacks, particularly in years with strong Julys. It is a classic mean-reversion setup.

So while July may close in the green, August has a long track record of changing the mood.Unless Bitcoin breaks this pattern, the next 30 days could see BTC enter its weakest seasonal period — and possibly rewrite the record books for all the wrong reasons.

For now, the bulls have nine days left before the calendar turns against them.