Trump on China Trade: "Theyāve been dealing nicely." ā Former U.S. President Donald Trump praised Chinaās current trade conduct, signaling a more positive tone in ongoing U.S.-China economic relations. Analysts suggest this could hint at potential stability in bilateral trade talks.
šŗšø President Donald Trump says tariffs are making the US āStrong and Rich.ā Speaking aboard Air Force One, Trump emphasized that the tariffs imposed on imports are boosting the American economy and strengthening the nationās global position.
š August 11, 2025 ā The crypto market is heating up as Bitcoin surges past $122K in early trading, just shy of its all-time high. But the big question is: Can BTC hold and reclaim $120K as a strong support? --- š Technical Analysis Current Price: Around $122K, facing resistance near the $123.5Kā$124K zone. Support Levels: Key short-term support sits at $120K. If BTC can close above this mark for several sessions, it will likely flip into a solid demand zone. Indicators: RSI remains in the bullish zone, showing healthy buying pressure without extreme overbought signals. Moving averages (50D & 200D) are trending upward ā a classic bull sign. --- š Fundamental Drivers 1. ETF Inflows: Spot Bitcoin ETFs continue to attract heavy institutional buying, adding liquidity and stability. 2. U.S. Policy Shift: The recent executive order allowing 401(k) retirement plans to include crypto has opened doors for trillions in potential capital. 3. Institutional Adoption: Big players like MicroStrategy keep adding to their BTC holdings, boosting confidence. --- ā” Todayās Rally Bitcoinās rally today is being fueled by a mix of positive sentiment, strong fundamentals, and technical breakout momentum. Altcoins like Ethereum and XRP are also gaining, suggesting this is not just a BTC spike, but a broader market risk-on move. --- š§ Bottom Line If BTC holds $120K as support, the next target is $125Kā$128K. Failure to defend $120K could trigger a short-term pullback toward $118K. Right now, fundamentals and charts both lean bullish, so the probability of reclaiming and sustaining above $120K is strong ā but traders should watch for profit-taking at resistance zones.#BTCReclaims120K --- š° Sources: Bitcoin Soars ā Barronās Crypto Stocks Rally ā Barronās #Bitcoin #BTC #CryptoNews #TechnicalAnalysis #Fundamentals #CryptoRally #BinanceSquare #Trading #Investing
šØ BOMBSHELL NEWS šØ š¦šŗ Australia Officially Recognizes Palestine as an Independent State! šµšø
In a historic diplomatic shift, Australia has formally recognized the State of Palestine ā a move set to reshape international relations and ignite global debates. This bold step aligns Australia with over 140 nations worldwide, marking a significant moment in the fight for Palestinian statehood.
š This recognition is expected to influence Middle East geopolitics, trade alignments, and could even ripple into global markets ā including commodities and investor sentiment.
šØ Breaking News: šŗšøšØš³ Nvidia ($NVDA) and AMD ($AMD) have agreed to give 15% of their AI chip sales revenue from China to the U.S. government. š This unprecedented deal allows both companies to continue selling their H20 and MI308 chips in China under new export license conditions.
š° Source: Financial Times
<a href="https://www.ft.com/content/cd1a0729-a8ab-41e1-a4d2-8907f4c01cac" target="_blank" rel="noopener noreferrer"> Financial Times - Read Full Report </a>
šŗšø US National Debt Hits Record $37 Trillion š°
The United Statesā national debt has reached an unprecedented $37 trillion, sparking renewed debates over fiscal policy, government spending, and potential economic risks. Analysts warn that rising debt levels could pressure interest rates, inflation, and the value of the US dollar.
š¬ Impact on Markets:
Stocks: Possible volatility due to uncertainty in fiscal policy.
Bonds: Treasury yields may rise as borrowing increases.
Crypto & Gold: Could see increased demand as investors look for inflation hedges.
šBoom Half of Americaās Biggest Banks Are Stepping Into Crypto
š August 2025 ā A financial transformation is underway in the United States. More than 50% of Americaās top 25 banks are now preparing to enter the crypto space, either through Bitcoin trading, Ethereum services, stablecoins, tokenization projects, or digital asset custody.
Major Banks Leading the Move
1. JPMorgan Chase ā Testing tokenized deposits, exploring stablecoin solutions, and enabling Bitcoin access via Coinbase.
2. Charles Schwab ā Preparing Bitcoin and Ethereum trading directly for clients.
3. PNC Bank ā Partnered with Coinbase for direct crypto trading for wealth clients.
4. State Street ā Working on stablecoin and tokenized deposit projects.
5. BNY Mellon ā Offering Bitcoin & Ethereum custody, serving as custodian for Rippleās RLUSD stablecoin reserves.
6. Citigroup (Citi) ā Running tokenization pilots and considering digital asset custody.
7. Morgan Stanley ā Reviewing client access to Spot Bitcoin ETFs.
8. U.S. Bancorp (U.S. Bank) ā Studying stablecoins and expanding crypto custody services.
Additional Crypto-Friendly Banks
Cross River Bank ā Partnering with Coinbase & Circle for USDC minting and redemption.
BankProv, Ally Bank, USAA, Evolve Bank & Trust, FV Bank ā Providing various crypto-integrated services like Coinbase APIs, crypto-backed loans, and digital payment solutions. #ETHBreaks4000 #CryptoIn401k
Bitcoin $BTC : Weekly & Monthly Update Current Level: Around $117,081, with intraday high at ~$117,098 and low at ~$115,978 . Performance Overview: $BTC closed July at a record $115,800, setting up bullish momentum for August . Maintained support above $BTC 114,500, supported by strong inflows into crypto investment products . A recent 1.4% rally lifted BTC above $116,600 on August 8 following favorable US 401(k) policy updates . Summary Snapshot: Time Frame Key Insight Weekly Stable above $114.5K; gained post-policy boost (~$117K) Monthly Showed strong close in July (~$115.8K) Support ~$114,500 Sentiment Bullish ā pulling strength from institutional inflows and regulatory tailwinds --- Ethereum (ETH): Weekly & Monthly Update Current Level: Approximately $4,183, with intraday high at ~$4,189 and low near ~$3,889 . Performance Highlights: ETH jumped over 4.8%, climbing past $3,800 on August 8, fueled by the same executive order boosting crypto adoption . Stronger short-term momentum compared to BTC, signaling increased institutional and retail interest. --- Final Insight Bitcoin remains resilient, trading above key psychological and technical levels with a supportive monthly base and renewed policy-driven strength. Ethereum is showing even stronger short-term performance, reacting more dynamically to the same policy tailwinds. Watch Levels: BTC: Support around $114.5K; eyes on $117K+ for continuation. ETH: Breached $3,800āmomentum suggests a climb toward new highs. --- Hashtags for Engagement #Bitcoin #BTC #Ethereum #ETH #CryptoUpdate #WeeklyUpdate #MonthlyUpdate #CryptoMarket #BTCSupport #ETHMomentum #BinanceSquare #CryptoNews #CryptoTrading #BitcoinLevels #EthereumRally #CryptoPolicy
Bitcoin Price Update ā Next 12 Hours Bitcoin (BTC) is trading around $116,889. Support: $115K ā $114K Resistance: $120K, then $125K BTC is above key moving averages, showing a bullish sign. Next Move: If BTC stays above $115K and breaks $120K, it could move to $122Kā$125K soon. If it drops below $115K, price may fall toward $112Kā$110K. Tip: Watch the $115K and $120K levels ā they will decide the next direction. #Bitcoin #BTC #Crypto #BinanceSquare #BTCPrice #Trading #CryptoNews
šØ Breaking News: šŗšøš»šŖ The United States has announced a $50,000,000 reward for the arrest of Venezuelan President NicolĆ”s Maduro.
Reason: U.S. authorities accuse Maduro of drug trafficking, corruption, and undermining democratic institutions. The move aims to increase political pressure and isolate his regime internationally.
Impact on Crypto Market: While the direct impact on the global crypto market may be limited, the news could trigger increased crypto adoption in Venezuela as citizens seek safe-haven assets like Bitcoin and USDT to protect against political and economic instability.
šŗšø President Donald Trump Fires IRS Commissioner Billy Long
š On August 8, 2025, President Trump removed Billy Long from his post less than two months after his appointment in June. š The White House gave no official reason for the dismissal. š Sources point to Longās past promotion of controversial pandemic-era tax credits and his lack of tax administration experience as possible factors. š£ Speculation suggests Trump may reassign him to a diplomatic role.
Trumpās Bitcoin Reserve: A Game-Changer for Crypto
In March 2025, President Trump created the Strategic Bitcoin Reserve, making the U.S. the first nation to hold Bitcoin as a national reserve asset. With about 200,000 BTC seized from cases, the reserve signals long-term trust in crypto. This move could boost global adoption, attract institutional investment, and influence the Federal Reserveās future policy. Supporters expect price growth, while critics warn of volatility ā but itās clear Bitcoin now has a permanent place in Americaās financial strategy.
šØ Ethereum Breakout Watch: $4,000 in Sight šØ
Ethereum (ETH) is once again challenging the crucial $4,000 resistance level ā a price zone that has historically acted as a turning point for major market moves. At the time of writing, ETH is trading at $3,942, with an intraday high of $3,999 and a low of $3,805.
Why $4,000 Matters
According to Cointelegraph, the $4,000ā$4,100 range has been a key distribution zone in the past. In late 2024, rejection at this level led to a 66% price decline. A confirmed breakout could open the door to higher price targets, while another rejection could trigger a corrective move.
EMAs & SMAs: Most moving averages are in āBuyā territory (Bitget, Investing.com)
RSI: Neutral, suggesting more room for upside before overbought conditions
MACD: Approaching a bullish crossover, which may confirm upward momentum
Market Structure & Institutional Flows
Analysts from AInvest highlight that ETH may be entering the Wyckoff āMarkup Phase,ā which often signals strong institutional accumulation. Capital inflows, including ETF-related buying (MarketWatch, TradingView), are supporting the bullish case.
Trading Outlook
Bullish Scenario: A daily close above $4,000 with strong volume could ignite a rally toward $4,400ā$5,000.
Bearish Scenario: Failure to break $4,000 could lead to a pullback toward $3,600 or even $3,500.
Bottom Line
The next few daily closes will be critical for Ethereum. Traders should watch for confirmation signals before committing to larger positions, as this level could define the short-term trend.
Ripple has achieved a historic victory against the SEC š
š August 8, 2025 ā Big news in the world of cryptocurrency! The 5-year legal battle between Ripple and the U.S. regulator SEC has finally come to an end. Both parties have withdrawn their appeals ā no fines, no penalties. š
š¹ Market Reaction: The price of XRP surged by 12% immediately after the announcement, reaching $3.33, and is currently trading at around $3.28.
ā Expert Warning: Some analysts suggest that trading bots might be behind this increase, and maintaining actual market demand is what will drive the price further up.
š® Whatās Next?
Increased prospects for institutional use
Hope for XRP ETF approval
Potential target: $4 ā but the market will decide.
š More Details: Ripple vs SEC Settlement News ā CoinDesk