Kategorie: Crypto News

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Bitcoin hits new all-time high as Fed easing bets and favorable US policy align

  • Bitcoin smashes its record, climbing to a new all-time high of $124,002.
  • Hopes for a significant Federal Reserve rate cut are fueling the rally.
  • A new executive order opens the door for crypto in 401(k) retirement plans.

Bitcoin blasted through to a new all-time high on Thursday, as a perfect storm of roaring optimism over Federal Reserve policy and a series of powerful pro-crypto reforms converged to send the digital asset into uncharted territory.

The move signals a dramatic new phase for a market that has been supercharged by a seismic shift in the US political and regulatory landscape.

In early Asian trading, the world’s largest cryptocurrency climbed as much as 0.9% to touch $124,002.49, decisively surpassing the previous peak it set in July.

The tidal wave of buying lifted the broader market, with the second−largest token, Ether, surging to 4,780.04—its highest level since the bull market of late 2021.

The three-pronged catalyst: Fed, institutions, and the White House

This record-setting rally isn’t a random surge; it’s being powered by a clear confluence of forces.

According to IG market analyst Tony Sycamore, Bitcoin’s momentum is a direct result of “increasing certainty of Fed rate cuts, sustained institutional buying and moves by the Trump administration to ease investment in crypto assets.” 

The technical picture is now just as bullish, with Sycamore noting that a decisive move could open the floodgates for a much larger run. “Technically a sustained break above $125k could propel BTC to $150,000,” he wrote in a note.

The ‘crypto president’ and the $1.6 trillion surge

Since President Donald Trump’s return to the White House, the regulatory environment in the United States has transformed from hostile to overtly favorable.

Trump has proudly labeled himself the “crypto president,” and a series of long-sought regulatory wins for the industry have followed throughout 2025, from the passage of landmark stablecoin regulations to a broader overhaul by the securities regulator to accommodate digital assets.

The market impact of this policy pivot has been staggering. Bitcoin itself has risen nearly 32% so far in 2025.

More broadly, the entire crypto sector’s market capitalization has ballooned from about $2.5 trillion in November 2024, when Trump won the election, to over $4.18 trillion today, according to data from CoinMarketCap.

Unlocking retirement billions: the 401(k) game-changer

The latest and perhaps most significant tailwind came from an executive order signed last week on Thursday.

The order paved the way for crypto assets to be included in 401(k) retirement accounts, a move that could unlock a colossal new wave of mainstream capital for the asset class.

This is not just a win for investors; it’s a potential boon for asset management giants like BlackRock and Fidelity, whose crypto exchange-traded funds (ETFs) could become staples of American retirement planning.

However, this push into long-term savings is not without its perils.

The very volatility that creates spectacular rallies also poses significant risks, especially for retirement accounts that have historically relied on the relative stability of stocks and bonds.

For now, though, the market is firmly focused on the upside, celebrating a new era of legitimacy that has sent its leading asset to heights once thought unreachable.

The post Bitcoin hits new all-time high as Fed easing bets and favorable US policy align appeared first on CoinJournal.

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SIGN price soars 11% as Sign Foundation completes $12M token buyback

  • Sign Foundation has wrapped its first buyback of SIGN coins.
  • It acquired $8M via the open market and $4M through private settlements.
  • SIGN has gained 11% in the past day amidst revived optimism.

Digital currencies performed well on Monday, and positive news flooded the market.

While enthusiasts anticipate an altcoin season, the Sign Foundation confirmed it has completed its first buyback of SIGN coins.

Notably, the program cost the organization $12 million, a move that signals their confidence in its future.

Meanwhile, it completed the buyback in two different transactions.

The Foundation purchased SIGN coins worth $8 million (117 million coins) from the open market.

It acquired the remaining $4 million via negotiated private settlements.

The buyback represents a key step in strengthening SIGN’s fundamentals and bolstering community trust.

The announcement highlighted:

Our mission is to build a resilient, sustainable, and community-aligned token economy. This buyback reflects our deep conviction in the long-term fundamentals of SIGN.

The team provided proof of the transactions through snapshots.

Their Binance holdings were 86,884,219.585986 tokens, worth $5.98 million at $0.068800 market price as of August 1, 2025.

Moreover, the August 2 execution on Bitget involved 30,347,644.59860009 SIGN, valued at $2.05 million at $0.067779 average price.

The organization arranged the remaining $4 million worth of buybacks through private deals, which might have helped limit market disruptions when transacting massive volumes.

How does the Sign Foundation plan to use the tokens?

The Foundation will use the acquired assets for various activities, prioritizing three primary areas.

Firstly, it will leverage the tokens to secure collaboration with established public companies, possibly enriching SIGN’s visibility and real-world utility.

Also, it will utilize the balance to promote listing on exchanges.

Lastly, it will reinforce the SIGN ecosystem through enhanced user engagement.

Such initiatives might strengthen investor trust and boost SIGN’s long-term demand.

Buybacks are bullish signals for cryptocurrency investors.

They demonstrate the team’s dedication and confidence in their projects.

For the Sign Foundation, the repurchase aligns with its vision of building a sustainable, community-driven, resilient token economy.

The Sign team emphasized that they will use the acquired assets to fuel growth initiatives within the ecosystem.

For context, Sign is a blockchain-based infrastructure for verifying credentials and distributing digital tokens.

The Sign Protocol powers on-chain public systems for governments and serves as a primary layer for dApps.

On the other hand, the TokenTable platform facilitates token distributions, including unlocks, airdrops, and vesting.

SIGN price outlook

The altcoin traded in the green amidst the buyback revelations.

It saw an 11% upswing from $0.06904 to $0.07682 intraday.

SIGN trades at $0.7493 after a slight correction from daily highs.

The over 400% surge in 24-hour trading volume suggests adequate momentum for extended gains in the near–term.

However, broad market developments will influence SIGN’s performance.

Continued bull runs would trigger continued surges, whereas sudden selling pressure might erase the latest gains.

Positive sentiments dominate the cryptocurrency landscape as Ethereum’s stability fuels altseason debate.

The post SIGN price soars 11% as Sign Foundation completes $12M token buyback appeared first on CoinJournal.

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Ethena price rises towards $1 as TVL tops $10B as Golden Cross forms

  • Ethena (ENA) nears $1 as TVL jumps past $10B and momentum builds.
  • Golden Cross and bullish signals point to further upside.
  • Buybacks, whale activity, and USDe growth drive demand.

The price of the native token of Ethena, ENA, has risen sharply over the past few days, and traders are taking note.

Moreover, the protocol’s total value locked has surged past $10 billion, which has added fresh momentum to the rally.

Ethena’s TVL surges past $10B

According to DefiLlama data, Ethena’s TVL has jumped to roughly $10.979 billion. The protocol’s revenue has also climbed sharply, with weekly USD inflows rising materially in recent weeks.

Additionally, Ethena’s synthetic dollar USDe now sits among the largest stablecoins, with an estimated market cap north of $10.2 billion.

Notably, the high APY on USDe and its cross-chain expansion have attracted both retail and institutional liquidity.

Technical analysis signals a bullish run

From a technical analysis standpoint, the charts are aligned in favour of bulls after a classic golden cross formed, with the 50-day EMA crossing above the 200-day EMA.

Ethena price analysis

Additionally, momentum indicators support further gains, with the Relative Strength Index (RSI) rising and a bullish Moving Average Convergence Divergence (MACD) crossover in place.

Adding to the bullish scenario, the price action also shows higher highs and an ascending channel, which traders regard as a durable bullish structure.

However, some caution is advised, seeing that the RSI has entered the overbought region.

Token buybacks strengthen the bullish case

Moreover, Ethena’s tokenomics include a $260 million buyback fund that currently targets around $5 million in daily repurchases.

Sustained buybacks have already begun to reduce the circulating supply and to add a scarcity premium to ENA.

Additionally, planned token unlocks and a forthcoming fee switch could alter supply dynamics further, and these mechanisms may funnel more value back to holders.

Whales, volume, and institutional interest

Furthermore, on-chain analytics indicate growing whale accumulation, with large addresses holding a significant portion of the supply.

There is also an increased institutional inflow into derivatives amid heightened open interest, suggesting professional participation has increased.

Moreover, spot and futures liquidity have expanded, with recent daily volumes spiking into multi-billion dollar ranges.

Key Ethena price levels to watch

The market has established $0.75 as a key support, and traders are watching this level closely.

Meanwhile, immediate resistance sits in the $0.84–$0.87 band, and a decisive break above those levels could clear the path toward $1.00.

The upside targets that analysts cite include $1.02 and $1.18 if momentum continues, and extended rallies could reach higher levels.

However, traders should remember that a breach below $0.68 would increase the probability of a deeper correction.

Moreover, traders should monitor buyback cadence, exchange listing news, and USDe adoption metrics as primary catalysts.

Additionally, on-chain whale movements and derivatives open interest should be watched for signs of allocation shifts.

The post Ethena price rises towards $1 as TVL tops $10B as Golden Cross forms appeared first on CoinJournal.

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Solana price breaks past $200, targets July peak

  • Solana (SOL) jumps above $200, aiming for the July peak of $206.32.
  • Whale sales and unstaking raise short-term supply concerns.
  • $170 support and $206 resistance are key to the next price move.

Amid renewed altcoin market optimism, the native token of Solana, SOL, has surged past the $200 mark, reclaiming a key psychological level.

Over the past 24 hours, SOL has risen by 15.4% to trade near $201.71, with a 24-hour range stretching from $174.20 to $201.58.

Solana now targets July peak

Crucially, breaking $200 is a psychological and technical milestone that can attract buyers. As renowned analyst Jelle notes, “above $200, very little resistance left to bring it back down.”

Technically, a minor support sits at $195.26, while the critical support ranges from $187.71 to $184.67.

A breakdown through $173.43 would signal a medium-term reversal and might target the June–August trendline near $163.37.

However, on short timeframes, the hourly Moving Average Convergence Divergence (MACD) is gaining in the bullish zone, and the Relative Strength Index (RSI) remains above 50, indicating moderate momentum.

With the sharp price surge, all eyes are now on the July high at $206.32 as the next immediate target.

Moreover, if SOL clears $206.32, there are chances that it could extend toward the March 2024 peak at $210.18, testing bullish conviction. Market analysts project that the token will rise to $222.66 or even $230.32, especially if it clears the resistance at $204.

So far, SOL has climbed more than 13% from Monday’s low of $173.43, hinting at a strong bullish momentum.

Whales stir concern

Meanwhile, on-chain data shows large transfers to exchanges, prompting questions about distribution.

Specifically, more than 226,000 SOL moved to exchanges in recent days.

Notably, one whale slashed holdings by 71% in under two days, trimming a $24 million position to roughly $6.8 million.

These sales clustered near an average price of about $177 and coincided with a dip below $185.

SOL unstaking adds pressure

In addition, a wallet linked to Alameda Research unstaked roughly $35 million worth of SOL.

The tokens had been locked since late 2020, when their value was about $350,000 — a roughly 100-fold gain.

Nevertheless, the Net Position metric remains positive and has helped price consolidate above the critical $170 level.

What traders should watch out for

Notably, despite the rebound, Solana has lagged Ethereum in recent stretches.

Indeed, SOL is up roughly 1.07% in August while ETH has gained about 15.75%. Over the quarter, ETH’s roughly 72% return far outpaces SOL’s near 12.8%.

Importantly, large exchange inflows and the Alameda unstaking raise the prospect of coordinated distribution.

If $170 fails to hold, traders should expect increased downside and a deeper correction.

Conversely, a sustained breakout above $206.32 could draw fresh buyers and revive momentum.

The post Solana price breaks past $200, targets July peak appeared first on CoinJournal.

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LINK rallies 12% to overtake Hyperliquid, eyes $30; Check forecast

Key takeaways

  • Chainlink (LINK) is one of the best performers in the top 20, up 12% in the last 24 hours.
  • The coin is rallying on the back of recent partnerships.

Chainlink overtakes Hyperliquid on the market cap list

LINK, the native coin of the Chainlink blockchain, is one of the best performers among the top 20 cryptocurrencies by market cap. The coin is up 12% in the last 24 hours and is now trading above $23.

This positive performance means that Chainlink’s market cap now stands at $16 billion, surpassing Hyperliqudi’s $14 billion. This means that LINK has become the 11th-largest cryptocurrency by market cap.

The rally comes after Chainlink launched the Chainlink Reserve last week. The Reserve aims to convert revenue from Chainlink’s services and enterprise integrations into LINK tokens, establishing persistent buying momentum.

In addition to that, Chainlink announced its partnership with Intercontinental Exchange, the parent company of the New York Stock Exchange, earlier this week. This will see the two entities work together to bring foreign exchange and precious metals pricing data on-chain. The partnership showcases Chainlink’s expanding role as a bridge between traditional finance and blockchain rails.

LINK eyes $30 as bullish momentum grows

The LINK/USD 4-hour chart is one of the most bullish, thanks to the coin’s ongoing rally. The technical indicators are also bullish, with the RSI of 63 underscoring the immense buying pressure. The MACD lines also crossed over into positive territory since last month, suggesting a bullish bias.

LINK/USD 4H Chart

At press time, LINK is trading at $24. If the positive momentum continues, LINK could break above the first major resistance level at $26.9 over the next few hours. An extended rally would allow LINK to test the $30 mark for the first time since December 2024. 

However, if the market undergoes a correction, LINK could retest the TLQ and support level at $21.075. The bulls would defend this level, as failure to do so could see LINK drop to the monthly low of $15.5.

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