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The BTC/USD pair continues its rapid upward dynamics, and the prices of the first cryptocurrency have reached their highest level.
Current dynamics
Since the beginning of the week, the White House administration has been actively sending notifications to partners regarding an increase in tariffs starting from August 1st, ranging between 25%-50%. The governments of Japan, South Korea, and Brazil, which have high trade transactions with the United States, announced their receipt of the tariffs, but the focus of market participants remains on adjusting the rate to 30% on imports from the European Union and Mexico. According to 2022 data, these countries supplied goods worth $533 billion and $455 billion respectively, which together account for about one-third of total U.S. imports. Investors fear that tightening conditions could increase pressure on the economy and push it into a recession in the near future, especially as the latest minutes from the U.S. Federal Reserve indicate that most officials are not ready to adjust borrowing costs before the end of this year.
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The ETH/USD pair saw a noticeable increase in its value last week, reaching its highest levels since February in the 3080.00 area the previous day.
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$ETH
Meanwhile, the instability of the global economic situation has led to increased investment in Ethereum-ETFs: their volume last week reached $908.1 million, one of the largest figures since the launch of the trading instruments.
Support and Resistance Levels
Technically, prices have broken out of the long-term descending channel and risen above the 2968.75 mark (Murray level [7/8]), and are now heading towards targets of 3281.25 (Murray level [+1/8]) and 3437.50 (Murray level [+2/8]). The key level for "bears" appears to be the 2656.25 mark (Murray level [5/8]), supported by the middle line of the Bollinger Bands, and a break below it would form a catalyst for a return to the descending channel and a move towards the 2187.50 (Murray level [2/8]) and 1875.00 (Murray level [0/8]) areas.
Technical indicators confirm the likelihood of continued gains: the Bollinger Bands are trending upwards, the MACD indicator is increasing in the positive zone, and the Stochastic indicator is horizontal in the overbought zone, which does not exclude a correction, although the probability of it occurring is limited.
The BTC/USD pair continues its rapid bullish dynamics, with prices of the first cryptocurrency reaching their highest level.
#USDT Current dynamics Since the beginning of the week, the White House administration has been actively sending notifications to partners regarding an increase in tariffs starting August 1st by a range of 25%-50%. The governments of Japan, South Korea, and Brazil, which have high trade volumes with the United States, announced their receipt of the tariffs, but market participants remain focused on adjusting the rate to 30% on imports from the European Union and Mexico. According to 2022 data, these countries exported goods worth $533 billion and $455 billion respectively, which together accounts for about a third of total U.S. imports. Investors are concerned that tightening conditions may increase pressure on the economy and push it into a recession in the near future, especially since the latest minutes from the U.S. Federal Reserve indicate that most officials are not prepared to adjust borrowing costs before the end of this year.
The BTC/USD pair continues its rapid upward dynamics, with the prices of the first cryptocurrency reaching the highest level
Current dynamics Since the beginning of the week, the White House has been actively sending notifications to partners about increasing tariffs starting August 1 by between 25%-50%. The governments of Japan, South Korea, and Brazil, which have high trade transactions with the United States, announced that they received the tariffs, but market participants remain focused on adjusting the rate to 30% on imports from the European Union and Mexico. According to 2022 data, these countries imported goods worth $533 billion and $455 billion respectively, which together amounts to about a third of total U.S. imports. Investors fear that tightening conditions could increase pressure on the economy and push it into a recession in the near future, especially since the latest minutes from the U.S. Federal Reserve indicate that most officials are not ready to adjust borrowing costs before the end of this year.
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The ETH/USD pair experienced a notable increase in value last week, reaching its highest levels in February in the 3080.00 range the day before.
At the end of May, the U.S. Securities and Exchange Commission (SEC) issued a ruling stating that storage on networks using Proof-of-Stake is not considered a securities transaction, significantly increasing institutional investors' interest in the Ethereum blockchain. This contributed to a rise in the volume of coins in wallets, aimed at later being used as treasury assets, and the storage for passive income. In the past thirty days alone, companies have accumulated approximately 545,000 ETH worth about $1.6 billion, with the largest holder now being the gaming platform SharpLink Gaming Inc., which holds 255,000 coins in its assets.
Technical indicators confirm the likelihood of continued upward movement: Bollinger Bands are trending upwards, the MACD indicator is increasing in the positive zone, and the stochastic indicator is horizontal in the overbought area, which does not rule out the possibility of a correction, although the likelihood of it is limited.
#AltcoinSeasonLoading The ETH/USD pair experienced a significant increase in value last week, reaching its highest levels in February in the 3080.00 area the day before.
The BTC/USD pair continues its rapid upward dynamics, with the first cryptocurrency reaching historic highs of 122700.00 supported by two key factors: trade and cash.
Since the beginning of the week, the White House administration has been actively sending notifications to partners regarding an increase in tariffs starting August 1st by between 25%-50%. The governments of Japan, South Korea, and Brazil, which have high trade dealings with the United States, announced their receipt of the tariffs, but market participants remain focused on adjusting the rate to 30% on imports from the EU and Mexico. According to 2022 data, these countries exported goods worth 533 billion and 455 billion dollars respectively, which together account for about one-third of total U.S. imports. Investors fear that tightening conditions could increase pressure on the economy and push it into recession in the near future, especially as the latest minutes from the U.S. Federal Reserve indicate that most officials are not prepared to adjust borrowing costs before the end of this year.
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The origin of the BTC/USD pair's rapid upward dynamics, with the prices of the first cryptocurrency reaching their highest levels.
Current dynamics Since the beginning of the week, the White House administration has been actively sending notifications to partners regarding an increase in tariffs starting August 1, ranging from 25%-50%. The governments of Japan, South Korea, and Brazil, which have high trade transactions with the United States, announced their receipt of the tariffs, but the focus of market participants remains on adjusting the rate to 30% on imports from the European Union and Mexico. According to 2022 data, these countries exported goods worth $533 billion and $455 billion respectively, which together account for about one-third of total U.S. imports. Investors fear that tightening conditions will increase pressure on the economy and push it into a recession in the near future, especially since the latest minutes from the U.S. Federal Reserve indicate that most officials are not ready to adjust borrowing costs before the end of this year.
The ETH/USD pair saw a significant increase in value last week, reaching its highest levels the previous day.
Current dynamics The unstable situation in the U.S. economy supports the cryptocurrency market: the 'hawkish' rhetoric of President Donald Trump, aimed at raising tariffs on imports from key partners, including major countries like Japan, the European Union, and Mexico, increases the risk of an economic downturn, even a shift to recession in the near future. At the same time, the prospect of accelerating inflation hinders the activity of the U.S. Federal Reserve, preventing officials from beginning to lower borrowing costs and raising concerns among market participants, who are increasingly redirecting their capital from the unstable dollar to defensive assets, including digital currencies. Today, at 14:30 (GMT+2), the dynamics of the U.S. currency may be affected by inflation statistics: growth is likely to be recorded from 0.1% to 0.3%, and from 2.4% to 2.6% annually, with the monthly core value adjusted from 0.1% to 0.3%, and the annual value from 2.8% to 2.9%. This, in turn, will represent an excuse for monetary authorities to maintain the interest rate in the range of 4.25-4.50%, which raises repeated criticisms from the Republican administration of the White House towards the Chairman of the U.S. Federal Reserve, Jerome Powell.
The ETH/USD pair saw a significant rise in its value last week, reaching its highest levels the previous day.
Current dynamics id$BTC The unstable situation in the American economy has affected the cryptocurrency market: President Donald Trump's 'hawkish' rhetoric, aimed at raising tariffs on imports from major partners, including major countries like Japan, the European Union, and Mexico, increases the risks of economic downturn, even a potential recession in the near future. At the same time, the prospect of accelerating inflation is hindering the activity of the U.S. Federal Reserve, preventing officials from starting to lower borrowing costs, and raising concerns among market participants, who are increasingly reallocating their capital from unstable dollar assets to defensive assets, including digital currencies. Today, at 14:30 (GMT+2), the dynamics of the U.S. currency may be influenced by inflation statistics: growth is likely to be recorded from 0.1% to 0.3%, and from 2.4% to 2.6% annually, with the monthly core value adjusted from 0.1% to 0.3%, and the annual value from 2.8% to 2.9%. This, in turn, would represent an excuse for monetary authorities to maintain the interest rate within the range of 4.25-4.50%, which raises repeated criticisms from the Republican administration of the White House towards the Chairman of the U.S. Federal Reserve, Jerome Powell.
The ETH/USD pair witnessed a significant increase in value last week, reaching its highest levels the day before.
Current dynamics. The unstable situation in the U.S. economy supports the cryptocurrency market: President Donald Trump's "hawkish" rhetoric, aimed at raising tariffs on imports from key partners, including major countries like Japan, the European Union, and Mexico, increases the risks of economic decline, even leading to a recession in the near future. At the same time, the prospect of accelerating inflation hinders the activity of the U.S. Federal Reserve, preventing officials from starting to lower borrowing costs, and raises concerns among market participants, who are increasingly redirecting their capital from unstable dollars to defensive assets, including digital currencies. Today, at 14:30 (GMT+2), the dynamics of the U.S. currency may be affected by inflation statistics: growth is likely to be recorded from 0.1% to 0.3%, and from 2.4% to 2.6% annually, with the monthly core value adjusted from 0.1% to 0.3%, and the annual value from 2.8% to 2.9%. This, in turn, will represent a justification for monetary authorities to maintain the interest rate in the range of 4.25-4.50%, which has drawn repeated criticism from the Republican administration of the White House towards the Chairman of the Federal Reserve, Jerome Powell.
> "Not every rise is an opportunity... and not every drop is a loss. The smart trader doesn't chase the market; it's the one who makes the market move towards him."