Schlagwort: crypto analysis

TL;DR

• ZRO is down 7.5% and is now trading at $2.01.
• The bearish performance comes despite Stargate DAO approving LayerZero’s acquisition proposal.

Stargate DAO approves LayerZero’s acquisition proposal

The cryptocurrency market was volatile over the weekend, with massive gains recorded on Friday wiped out on Sunday. Bitcoin briefly dropped to the $110k region while Ether is now trading above $4,700 after setting a new all-time high of $4,953.

The bearish performance affected LayerZero’s ZRO as the coin has now lost more than 7.5% of its value in the last 24 hours. Thanks to this bearish trend, ZRO is now trading at $2.01.

The negative performance comes despite a massive development for the LayerZero ecosystem. LayerZero Foundation announced on Saturday that Stargate’s governance organization has approved its acquisition offer with nearly 95% of votes in favor.

The Stargate DAO has approved our acquisition of Stargate (STG).

We’ve spent four years building the rails to reinvent how value moves. Today, we accelerate our network effects.

LayerZero is better money technology.

Stargate is the interface for value transfer. pic.twitter.com/U1QI1308dV

— LayerZero (@LayerZero_Core) August 24, 2025

The approval came despite Wormhole making a late $120 million cash offer. Furthermore, Across co-founder Hart Lambur and the Axelar Foundation both said they would make formal bids if the process was slowed.

ZRO could top $2.6 if bullish momentum returns

The ZRO/USD 4-hour chart is bearish and efficient as LayerZero has been underperforming, similar to the broader cryptocurrency market. The technical indicators are also bearish, indicating that the sellers are currently in control.

The RSI of 54 shows that ZRO is heading into the negative territory if the sell-off continues. The MACD lines are also close to switching into the bearish region. 

If the sell-off continues, ZRO could drop to the Friday low of $1.85 over the next few hours. Failure to defend this support level could see ZRO retest the monthly low of $1.625.

However, with the positive news coming from the LayerZero ecosystem, ZRO could bounce back and reclaim the first major resistance level at $2.38. An extended bullish run would see ZRO surpass its monthly high and hit $2.60.

The post ZRO targets $2.60 as Stargate approves LayerZero’s acquisition proposal appeared first on CoinJournal.

• Bitcoin rises 2% to $114,200 after speech.
• Ether rebounds 8% after 12% correction.
• US stocks gain 1%, yields drop to 4.27%, gold up 0.6%.

Federal Reserve Chair Jerome Powell shifted the market narrative on Friday by signalling that a September rate cut is under active consideration, a move that quickly altered expectations across global financial markets.

Speaking at the Kansas City Fed’s Economic Symposium in Jackson Hole, Powell highlighted that downside risks to employment are rising and could accelerate in the form of layoffs and higher unemployment.

This shift in tone sent shockwaves through both traditional and digital markets, with Bitcoin, equities, bonds, and gold all responding within minutes of his remarks.

Bitcoin rebounds 2% after recent 10% slide

Bitcoin (BTC) climbed about 2% to $114,200 following Powell’s comments, reversing part of a steep decline earlier in the week.

The cryptocurrency had touched a record high above $124,000 roughly a week ago when market confidence in a September rate cut was near 100%.

However, as expectations cooled to 69% in the hours before Powell’s address, Bitcoin slumped nearly 10% to $112,000.

Data from CME FedWatch showed that immediately after Powell’s speech, the probability of a September rate cut jumped back to nearly 90%.

This surge in confidence provided support to digital assets, which had been under pressure from fading hopes of imminent monetary easing.

Ether bounces 8% after 12% correction

Ethereum (ETH) experienced sharper volatility than Bitcoin in the same period.

The coin corrected by about 12% after nearly reaching its all-time high, reflecting a deeper pullback in speculative tokens.

However, ETH bounced nearly 8% following Powell’s remarks, highlighting how sensitive cryptocurrencies remain to Federal Reserve signals.

The rebound suggests that traders are still positioning around policy expectations, with Ether’s sharper swings reflecting higher risk sentiment.

Stocks, bonds, and commodities follow suit

Traditional markets mirrored the move in digital assets.

The Nasdaq Composite fell 3% in the days leading up to Powell’s speech as investors priced in fewer chances of a rate cut.

However, following the shift in tone, US stocks gained more than 1%.

Treasuries also rallied, with the 10-year yield falling six basis points to 4.27%.

The US dollar index declined about 0.5%, while gold prices climbed 0.6%, reflecting a broader move into assets that typically benefit from looser monetary policy.

Risk markets show heightened sensitivity to Fed signals

In the days leading up to Jackson Hole, traders had positioned cautiously, expecting Powell to maintain a hawkish stance.

This contributed to selling pressure across risk markets, particularly in crypto.

The reversal in tone not only revived expectations of a September cut but also underscored the fragility of investor sentiment.

The developments highlight how closely risk assets remain tied to the Federal Reserve’s policy outlook.

Bitcoin’s correction and subsequent bounce, along with Ether’s deeper pullback and recovery, show that digital markets are moving in lockstep with Fed communications, while stocks, bonds, and commodities reflect similar dynamics.

The post Powell puts September rate cut on the table as Bitcoin rises 2% and Fed odds swing to 90% appeared first on CoinJournal.

Key takeaways

• ETH is trading above $4,300, up by less than 1% in the last 24 hours.
• Investors will focus on Powell’s speech at Jackson Hole later today. 

Ether remains resilient despite bearish market conditions

The cryptocurrency market has been volatile since the start of the week, and more volatility is expected over the next few hours. Traders are bracing for potential volatility ahead of Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole Symposium.

Bitcoin continues to trade around $113k while Ether is trading above $4,300, up by less than 1% in the last 24 hours. Ether’s resilience can be attributed to JPMorgan’s recent report that revealed that spot ether exchange-traded funds (ETFs) pulled in $5.4 billion in July, matching bitcoin ETFs. On the other hand, Bitcoin funds have since seen modest outflows, while ether vehicles continue to draw capital.

According to the bank, the SEC approval of in-kind redemptions for ether ETFs is expected to lower costs, boost liquidity, and further strengthen Ether’s positioning against Bitcoin. 

Ether could dip below $4,200 if Powell’s speech comes hawkish

The FOMC minutes released on Thursday revealed hawkish bias by the Federal Reserve, with analysts not expecting the apex bank to cut rates by next month. The market’s performance in the near term could be dictated by Powell’s speech later today. 

The ETH/USD 4-hour chart is bearish and efficient as Ether has lost 7% of its value over the last seven days. The RSI of 51 shows that Ether is neutral, while the MACD lines suggest a bearish undertone. 

At press time, ETH is trading at $4,314 per coin. If the daily candle closes above the $4,232 support, ETH could extend the recovery toward its next daily resistance at $4,488. An extended bullish run would allow it to aim for its yearly high at $4,788.

However, with the broader market still bleeding, Ether could face a correction if its daily support at $4,232 fails. This could extend ETH’s decline toward its next support level at $3,946.

The post Ether could face volatility as markets eye Powell at Jackson Hole appeared first on CoinJournal.

Key takeaways

• The crypto market has turned bearish again after a temporary relief on Wednesday.
• HBAR is down 1% but could rally higher amid a bullish outlook.

SWIFT launches live blockchain trials featuring Hedera

HBAR, the native coin of the Hedera blockchain, is down 1.2% in the last 24 hours despite positive development within the ecosystem. At press time, HBAR is trading at $0.235, but could rally higher in the near term.

The negative performance comes despite the global payments network SWIFT launching live blockchain trials featuring Hedera. In addition to that, asset manager Grayscale filed a Delaware trust for HBAR, a move viewed by some as laying groundwork for a future spot HBAR ETF.

However, HBAR’s value hasn’t increased as the broader crypto market is still bleeding. The bearish market conditions can be attributed to the hawkish FOMC minutes released on Thursday. The recent inflation data and the hawkish FOMC minutes have dented hopes of a September rate cut by the Fed. 

This resulted in Bitcoin dropping below $113k while Ether continues to struggle around the $4,200 mark.

HBAR targets $0.25 despite bearish market conditions

The HBAR/USD 4-hour chart is bearish and efficient thanks to the market’s ongoing correction. The technical indicators are also bearish, suggesting that sellers are currently in charge.

The MACD lines are within the negative territory, while the RSI of 42 shows that HBAR’s current outlook is bearish. If the selling pressure continues, HBAR could drop below yesterday’s low and retest the Monthly low of $0.22461. The bulls would defend this support zone, as failure to do so could see HBAR drop massively to the $0.19 region.

However, the positive developments within the Hedera ecosystem could push HBAR’s price higher in the near term. HBAR could target the 4-hour TLQ at $0.243 before attempting to top the $0.25 level for the second time this week.

The post Hedera price prediction: HBAR eyes $0.25 amid SWIFT blockchain trials appeared first on CoinJournal.

Key takeaways

• BNB surged by over 4% in the last 24 hours to hit a new all-time high of $882.
• Binance’s native coin could rally to the $1k psychological level in the medium term.

Binance’s BNB hits a new all-time high

The cryptocurrency market performed positively on Wednesday following two days of steady decline. Bitcoin bounced back to trade above $114k after dropping to the $111k level earlier this week.

Ether, the leading altcoin by market cap, defended its price around the $4,100 support zone and is now trading around $4,300 per coin. However, BNB, Binance’s native coin, stole the headlines after hitting a new all-time high.

BNB added 4% to its value in the last 24 hours and hit a new all-time high price of $882 four hours ago. The positive performance shows BNB’s resilience during the recent market correction, as the coin didn’t record huge losses. This allowed it to immediately bounce back and hit a new all-time high. The new milestone also showcases Binance’s status as the leading cryptocurrency exchange in the world in terms of trading volume, as its BNB coin continues to gain adoption.

BNB’s rally also comes as Bitcoin’s dominance, measuring the largest crypto’s market share in the total market capitalization of digital assets, is on the brink of making a fresh six-month low. The declining Bitcoin dominance signals that smaller, riskier tokens are taking leadership in market gains, with analysts now suggesting that the altcoin season is here.

BNB eyes $1k as bulls regain control

The BNB/USD 4-hour chart is bullish and efficient thanks to BNB’s recent record high. With efficiency gained, BNB could be getting ready for another leg up. The technical indicators suggest that the bulls are also in control of the market.

The RSI of 59 shows that BNB is not yet in the overbought region and has room for growth. The MACD lines are also within the positive territory, suggesting a bullish momentum.

At press time, BNB is trading at $862, down 2% from its all-time high. If the rally continues, BNB could surge to the $900 mark over the next few hours or days. An extended bullish trend could see BNB test the $1k level for the first time in its history.

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