Crypto Retro

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🟢 XRP's Market Performance: A Balancing Act Between Support and Resistance 📈 XRP has been strutting its stuff in the crypto market, maintaining a price range between $2.85 and $2.928 with a market cap of $171 billion. Over the past 24 hours, it fluctuated between $2.78 and $2.92, supported by a robust trading volume of $3.95 billion. 📊 On the 1-hour chart, XRP displayed a micro-uptrend, rising from $2.76 to $2.90 before entering a consolidation phase around $2.85–$2.87. It is currently hovering just below the $2.90 mark, with potential for a quick trade opportunity if it dips to $2.83–$2.85. However, if it can surpass $2.90 again, a bullish surge could follow; otherwise, a retreat to $2.80 may be on the horizon. 🔄 The 4-hour chart shows XRP recovering from a drop to $2.69 and climbing back towards $2.90 with increased volume. Yet, fading momentum raises concerns. Short-term support is around $2.75–$2.80, while resistance is near $2.95–$3.00. The outlook remains cautiously optimistic, but the real test lies at the upper price range. 📉 Looking at the daily chart, XRP is navigating a broader range between $2.70 and $3.38. Recent price movements suggested a bullish trend from $2.70 but fell short of $3.10. Nevertheless, its persistence above $2.80 adds a hint of bullish sentiment. Currently, the bias is neutral with a slight upward tilt, as long as XRP stays above $2.70. ⚖️ Analyzing the oscillators reveals a mixed sentiment. The relative strength index (RSI) and other indicators are neutral, indicating uncertainty about the market direction. The momentum oscillator shows a slightly bullish stance, while the moving average convergence divergence (MACD) leans bearish, suggesting some skepticism remains. 📉 The moving averages (MAs) present a dramatic picture. Short-term averages indicate weakness, but longer-term averages like the 100-period EMA and 200-period EMA show bullish tendencies, providing long-term support. However, caution is advised as most shorter-term averages signal potential challenges ahead. 🟢 Bullish Scenario: If XRP can hold above $2.80 and reclaim $2.90 decisively, it may pave the way for a rally towards $3.10 and beyond, supported by long-term moving averages. 🔴 Bearish Scenario: Conversely, if XRP falls below $2.80 and approaches $2.70, bearish pressures may intensify. With short-term averages turning negative and momentum indicators wavering, a drop below key support could jeopardize XRP's position above $2.

🚀 XRP Certified as Shariah-Compliant: A Gateway to Islamic Finance 🌟 The Shariyah Review Bureau (SRB) of Bahrain has officially certified XRP as Shariah-compliant, potentially unlocking access to the $2 trillion Islamic finance market. This certification, which aligns with Islamic law principles, positions XRP for use in Islamic financial services and transactions. ⚡️ The SRB's endorsement indicates that XRP can be utilized in financial dealings without breaching religious prohibitions against interest (riba), excessive uncertainty (gharar), and speculation. This development sets Bahrain apart from other Gulf states that have been cautious about digital assets. 🌟 This certification, issued by a central bank-regulated bureau, distinguishes XRP from other cryptocurrencies seeking similar recognition. It may provide Ripple, the issuer of XRP, with a competitive advantage in establishing partnerships with Islamic banks and fintechs. An analyst noted,

This approval is more than symbolic—it’s a strategic enabler.

🔍 However, the SRB's ruling does not ensure automatic acceptance in other regions like Saudi Arabia or the UAE, where local Shariah boards must conduct their own assessments. While many XRP supporters anticipate that this certification could boost interest and drive price momentum in the Middle East, Ripple must maintain high standards of transparency and ethical conduct to keep XRP compliant.

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📉 Bitcoin and Ether ETFs Experience Significant Outflows 📉 The week began on a negative note for both bitcoin and ether exchange-traded funds (ETFs), with bitcoin ETFs facing outflows of $363 million and ether ETFs shedding $76 million across four funds. This marked a sharp decline in net assets despite high trading activity. 🟢 Bitcoin ETFs saw their largest daily exit since early September, with Fidelity’s FBTC experiencing the most significant withdrawal of $276.68 million. Ark 21Shares’ ARKB followed with $52.30 million in redemptions, while Grayscale’s GBTC lost $24.65 million and Vaneck’s HODL closed out with $9.54 million in exits. No fund reported any fresh inflows. Despite strong trading activity of $3.43 billion, net assets dipped to $148.09 billion. ➡️ Ether ETFs also saw a decline, with total outflows of $75.95 million. Fidelity’s FETH suffered the steepest losses at $33.12 million, followed by Bitwise’s ETHW with $22.30 million. Blackrock’s ETHA logged a $15.07 million exit, while Grayscale’s Ether Mini Trust slipped by $5.45 million. The day's trading value reached $2.06 billion, leaving net assets at $27.52 billion. 📌 The simultaneous pullback indicates that crypto ETF investors are exercising caution and withdrawing capital after a recent period of inflow-heavy recovery. With both bitcoin and ether ETFs starting the week in the red, attention will be on whether Tuesday will bring a reversal or further deepen the outflow streak.

➡️ El Salvador's Gold Purchase: A Strategic Move Aligned with Bitcoin Ideals 🌍 In a significant move, El Salvador has recently acquired $50 million worth of gold, marking its first gold purchase since 1990. This decision, announced by the Central Bank of El Salvador, reflects President Bukele's commitment to the principles of bitcoin and sound money. Gold has traditionally been seen as a safe haven against fiat currency devaluation, making this purchase particularly noteworthy. 📈 The timing of this acquisition is crucial, as it comes when gold prices are nearing their all-time highs. This strategy allows El Salvador to diversify its foreign reserves while also providing a buffer against fiat currency volatility. This is especially important for the country, which is currently under a $1.4 billion credit facility agreement with the International Monetary Fund (IMF). As part of this deal, the Salvadoran government agreed to limit its bitcoin purchases, a condition it has reportedly complied with despite Bukele's claims to the contrary. ♾ By pivoting to gold, El Salvador can protect itself from currency fluctuations without relying solely on bitcoin. This move aligns with a global trend where central banks are increasing their gold holdings while selling off debt securities.

Pivoting to gold would be a step in the right direction and would comply with IMF constraints on bitcoin purchases

highlights the strategic nature of this decision. 🔗 In summary, El Salvador's recent gold purchase is not just a financial maneuver; it is a strategic alignment with the monetary ideals of bitcoin while adhering to IMF regulations. As the country navigates its unique position in the crypto landscape, this move could provide the stability needed in uncertain economic times.

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⚖️ Ethereum's Price Predictions: A Battle Between Bullish Optimism and Cautious Realism 📉 Ethereum is at a critical juncture with contrasting price predictions for the coming years. While some bullish forecasts suggest a potential rise to $12,000, Citi warns that current prices may be overstated, predicting a drop to $4,300 by 2025 unless there is significant adoption.

Current prices are above activity estimates, potentially driven by recent buying pressure and excitement over use-cases.

📊 Citi attributes Ethereum's recent gains more to investor optimism than to actual network activity. They outline a bullish scenario of $6,400 with increased adoption and a bearish case of $2,200 if macroeconomic conditions worsen. The bank also notes that while Ethereum can be staked for yields unlike Bitcoin, it anticipates ETF inflows into Ethereum will be less than those for Bitcoin. 📈 In contrast, other financial institutions like Standard Chartered and Fundstrat Capital are more optimistic. Standard Chartered has raised its year-end forecast for Ethereum to $7,500 citing stronger corporate engagement and expected growth in stablecoin adoption. Fundstrat Capital's CIO Tom Lee predicts Ethereum could reach between $10,000 and $12,000 by year-end.

While ETH remains below its record peak reached in August, Citi underscored its distinction from bitcoin, noting that ether can be staked to generate yields while supporting the network.

⚡️ Independent research from Finder supports long-term growth potential for Ethereum. Their panel of 24 crypto industry specialists predicts an average price of $4,308 by the end of 2025, rising to $10,882 by 2030, and reaching $22,374 by 2035. This wide range of forecasts reflects significant uncertainty but also highlights Ethereum's potential over the next decade.

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📈 Crypto Market Rebounds: Bitcoin and Altcoins Surge 🔄 After a bearish stretch lasting nearly two weeks, the crypto market rebounded, closing the week with a market capitalization of just under $4.17 trillion. Bitcoin (BTC) ended the period on September 13 with a gain of nearly 5%, pushing its market cap back above $2.3 trillion. According to Bitstamp data, BTC peaked at $116,805 on September 12 before settling in the $115,000 to $116,000 range. 📊 A report from Bitcoin News indicated that BTC’s technical structure remained bullish, suggesting that breaching the $117,000 resistance could pave the way to $120,000 in the short term. However, it also cautioned that if BTC fell below $114,770, a retreat to $113,500 could be triggered. 📈 While Bitcoin’s dominance fueled the overall performance of the crypto economy, the top two altcoins—Ethereum (ETH) and XRP—posted even stronger gains, rising 8.2% and 10.8%, respectively. After struggling to break the $4,600 mark for much of September, ETH surged to a peak of $4,768—its first time trading above $4,750 since August 25. 🚀 XRP, which had traded below $3 until September 9, briefly rose to $3.18—its highest level in over three weeks—before declining to $3.10. It was one of more than eight high-cap altcoins that closed the week with double-digit gains. Other notable performers included SOL (up 17.5%), DOGE (35.7%), ADA (12.4%), LINK (10.8%), HYPE (18.8%), SUI (12.6%), and XLM (12.8%). 🌟 BNB also had a milestone-setting day on September 13, reaching an all-time high of $942 and bringing its gain over the past twelve months to over 60%. Some pro-BNB analysts now predict it’s only a matter of time before it breaches the $1,000 mark. 📉 On the downside, ERN emerged as the period’s biggest gainer, rising by more than 2,100%, followed by MXY—the native token of the controversial decentralized exchange MXY Finance—which closed 902% higher. However, FORM led the losing side with a drop of 28.5%, followed by GEMS at 22.8% and REX at 22.2%. The centralized crypto exchange token huobi (HT) was notable for having double-digit losses among altcoins.

📈 Bitcoin Surges to $114,000 Following Unexpected Drop in Wholesale Inflation 📊 Bitcoin experienced a significant surge, reaching $114,000, after the Bureau of Labor Statistics (BLS) reported a surprising 0.1% decrease in the Producer Price Index (PPI) for August. This drop caught economists off guard, as they had anticipated a 0.3% increase following a 0.7% rise in July. ⚡️ The decline in inflation was primarily driven by lower prices for machinery and vehicles. The BLS noted that

Three quarters of the August decrease in prices for final demand services can be attributed to a 3.9% decline in margins for machinery and vehicle wholesaling.

The PPI is seen as a leading indicator for the Consumer Price Index (CPI), which measures retail inflation. 📈 Following the PPI report, both stocks and Bitcoin saw upward momentum. The overall PPI now stands at an annualized rate of 2.6%, with an adjusted rate of 2.8% when excluding volatile categories like food and energy. 💬 President Donald Trump commented on the report, stating on Truth Social,

No Inflation!!!’ ‘Too Late’ must lower the RATE, BIG, right now. Powell is a total disaster, who doesn’t have a clue!!!

📊 At the time of writing, Bitcoin was trading at $113,877.77, up 2.7% for the day. Trading volume had increased by 15.65% since Tuesday, reaching $53.04 billion. Market capitalization rose to $2.26 trillion, a 2.67% jump. Bitcoin dominance edged up slightly to 58.23%. 📈 Total open interest for Bitcoin futures also saw a rise, jumping to $84.86 billion, a 3.87% increase over 24 hours. However, Bitcoin liquidations dropped to $37.96 million for the day, with short sellers accounting for most of those losses at $34.96 million.

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➡️ Gold Reaches New Heights Amid Economic Uncertainty 📈 On September 8, gold prices soared to a record high of $3,637 per ounce, reflecting a 1% increase from the previous day and a staggering 44% rise year-over-year. This surge is attributed to a combination of macroeconomic, geopolitical, and financial factors that reinforce gold's status as a safe-haven asset. 📉 As of 10 a.m. Eastern time, gold was trading at $3,635 per ounce, having reached its peak just minutes earlier. The U.S. Federal Reserve's anticipated rate cut makes gold more attractive compared to bonds and savings accounts. Ongoing global economic uncertainty and persistent inflation pressures have weakened the U.S. dollar, further boosting gold's appeal. Additionally, trade tensions stemming from President Trump's tariffs have driven investors towards gold at an accelerated rate. 💵 The declining dollar has fallen to multi-month lows, making gold cheaper for international buyers and increasing demand. Typically, gold prices move inversely to the dollar; as the dollar drops, gold prices tend to rise. Despite expectations of a rate cut in the near future, gold advocate Peter Schiff warns that it may not benefit the U.S. economy.

Lower interest rates won’t ‘help’ the economy this time,”

Schiff stated on X. He added,

The markets will see through the political nature of inappropriate rate cuts despite rising inflation and soaring budget deficits.

He further predicted that the dollar will depreciate and bond yields will increase, leading to higher inflation and unemployment rates. 🔝 This recent rally underscores gold's resilience during turbulent times. Silver is also experiencing significant gains, rising approximately 43% year-over-year and about 1% in the last day. As of the latest reports, silver is priced at $41.39 per ounce after an 8.26% increase over the past month.

📉 Disappointing Private Sector Jobs Data Triggers BTC Slide Below $110K 📊 The increase in private sector jobs for August was significantly lower than expected. New Jersey-based human resources firm ADP reported an increase of 54,000 private sector U.S. jobs, well below the anticipated 75,000. While the stock market remained relatively unaffected, bitcoin took a hit, falling by over 2%. ➡️ Several industries experienced job cuts, including manufacturing, trades, education, health, and finance, which lost a total of 38,000 roles. In contrast, leisure and hospitality sectors gained 50,000 positions. Construction and professional services also reported job increases. 📉 However, weekly jobless claims rose by 8,000 to reach 237,000 for the week ending August 30, the highest level since June. Job openings decreased to their lowest levels since September 2024. ADP’s latest report adds to the gloomy outlook for the U.S. job market and potentially for bitcoin in the short term.

“The year started with strong job growth, but that momentum has been whipsawed by uncertainty,”

said Dr. Nela Richardson, ADP’s chief economist.

A variety of things could explain the hiring slowdown, including labor shortages, skittish consumers, and AI disruptions.

♾ At the time of reporting, bitcoin was trading at $110,122.90, down 1.59% for the day and 2.25% over the past week. Trading volume decreased by 8.77% to $57.75 billion, and market capitalization fell by 1.55% to $2.19 trillion. However, bitcoin dominance increased slightly by 0.48% to 58.65%.

💰 Ethereum vs. Emerging Cryptocurrencies: A Potential Shift in the Crypto Landscape 📈 Ethereum (ETH) remains the second-largest cryptocurrency, driving the DeFi sector. While some experts predict ETH could reach $10,000 in this bull run, many investors are also eyeing other cryptocurrencies for potentially higher returns. Ripple (XRP), Little Pepe (LILPEPE), SUI, SEI, Cronos (CRO), and BONK are gaining attention as tokens that might outperform ETH. 🔄 Ripple (XRP) has regained momentum after resolving legal issues. Trading around $3, it aims to revolutionize cross-border payments. With partnerships with banks and financial institutions, analysts believe it could rise to $9 this cycle, offering nearly 200% gains.

Compared to Ethereum, Ripple offers a clearer utility case in payments,

and its lean toward institutional adoption could give it additional fuel over the next 18 months. ➡️ Little Pepe (LILPEPE) has emerged as a leading meme coin. Currently priced at $0.002 with over $21.6 million raised, it has earned a CertiK audit for credibility. Its unique feature is a dedicated Layer 2 chain for meme coins,promising faster transactions and lower fees. If Ethereum reaches $10,000, investors speculate LILPEPE could hit between $0.25 and $0.75 this cycle. 🚀 SUI is gaining traction as an innovative blockchain platform. Trading around $3.60, it offers a growth story similar to Ethereum's early days. With increasing adoption for decentralized applications, analysts predict a surge to at least $10 soon. 📊 SEI is positioning itself as the blockchain for trading. Currently undervalued at $0.33, experts believe it could reach $1 by year-end. Its focus on trading software allows it to occupy a niche that Ethereum doesn't.

📉 Bitcoin Drops Amid Rising Inflation and Trade Rule Changes 📊 Bitcoin's price fell to $108K after the expiration of the "de minimis" exemption, which previously waived tariffs on goods under $800, and a report showing core inflation at 2.9%. This marked Bitcoin's lowest level since July. 📈 The U.S. Bureau of Economic Analysis reported a core inflation rate of 2.9% for July, the highest since February 2025. This figure aligns with analysts' expectations but indicates increasing inflation pressures. The overall Personal Consumption Expenditures (PCE) price index showed a 2.6% increase when including all goods. ⚠️ Compounding these economic pressures, a trade rule allowing duty-free imports of low-cost goods expired unexpectedly. This change, initiated by an executive order from President Donald Trump, could impose an additional cost of $136 per family on American households, particularly affecting low-income and minority groups. 📉 As a result of these developments, Bitcoin's price dropped by 3.79% for the day and 7.38% for the week. It was trading between $108,098.62 and $112,619.05 over the past 24 hours. Despite the price decline, Bitcoin's trading volume increased by 15.84% to $72.77 billion, and its dominance in the market rose slightly to 58.30%. ➡️ Additionally, Bitcoin futures open interest decreased by 1.17% to $80.28 billion, while liquidations reached $133.62 million, predominantly from long positions.

💰 Crypto ETFs Make a Strong Comeback with $663 Million Inflows 📈 On Monday, August 25, crypto exchange-traded funds (ETFs) experienced a significant rebound, attracting a total of $663 million in inflows after a period of turbulence. Ether ETFs led the way with an impressive $443.91 million inflow, while bitcoin ETFs also saw a boost with $219 million added.

Ether ETFs stole the spotlight, registering a massive $443.91 million inflow.

🟢 The Blackrock’s ETHA was the standout performer for ether, bringing in $314.89 million. It was supported by Fidelity’s FETH with $87.41 million and Grayscale’s Ether Mini Trust at $53.27 million. Other contributors included Bitwise’s ETHW (+$9.69 million), 21shares’ CETH (+$5.62 million), and Invesco’s QETH (+$2.20 million). Despite Grayscale’s flagship ETHE posting a $29.17 million outflow, the overall day was positive with total ether ETF trading volume at $3.75 billion.

Bitcoin ETFs also bounced back, though on a smaller scale, pulling in $219 million.

📊 Bitcoin ETFs saw a smaller but notable recovery, pulling in $219 million. The flows were led by Fidelity’s FBTC (+$65.56 million), Blackrock’s IBIT (+$63.38 million), and Ark 21shares’ ARKB (+$61.21 million). Additional support came from Bitwise’s BITB (+$15.18 million), Grayscale’s Bitcoin Mini Trust (+$7.35 million), and VanEck’s HODL (+$6.32 million). Notably, no bitcoin ETF experienced outflows, with trading volume remaining strong at $4.50 billion. 🔄 This surge in inflows indicates a return of investor confidence in crypto ETFs after a challenging period. However, whether this marks the beginning of a new trend or just a temporary reprieve will be determined in the coming days.

📈 Ether ETFs Surge with $338 Million Inflows; Bitcoin Faces Outflows 💰 Friday marked a significant day for ether exchange-traded funds (ETFs), which experienced a remarkable inflow of $338 million, leading to a record trading activity of $7 billion. In contrast, bitcoin ETFs faced challenges, particularly with a substantial outflow of $198.8 million from Blackrock’s IBIT. 📊 Ether ETFs continued their strong performance, raising $337.63 million for the second consecutive day. Fidelity’s FETH topped the list with $117.90 million in inflows, followed by Blackrock’s ETHA with $109.37 million. Other contributors included Grayscale’s ETHE (+$45.85 million), Bitwise’s ETHW (+$36.27 million), and Franklin’s EZET (+$5.49 million). This surge in investor activity pushed ether funds to a record trading volume of $7.01 billion and increased net assets to $30.54 billion. 🔄 On the other hand, bitcoin ETFs presented a mixed picture. While several funds like ARKB (+$65.74 million) and FBTC (+$50.88 million) reported inflows, Blackrock’s IBIT suffered a significant outflow, resulting in a net outflow of $23.15 million for bitcoin ETFs. Despite this setback, trading remained strong at $5.74 billion, with net assets recovering to $150.23 billion. 📉 The week concluded with a clear contrast: investors are increasingly favoring ether, driving record inflows, while bitcoin struggles under the weight of significant withdrawals from its leading fund.

📈 Bitcoin Futures and Options Market Overview 📊 On August 21, Bitcoin traded between $112,800 and $113,200 per coin. During this period, derivatives metrics indicated steady open interest and increased put activity. The total Bitcoin futures open interest (OI) was 711.18K BTC, equivalent to $80.98 billion, showing a slight increase of 0.59% over four hours and 1.05% over 24 hours. The OI-to-24-hour volume ratio across various exchanges was 1.1181. 🏦 The CME led the market with $16.70 billion in notional OI, accounting for 20.62% of the share, followed by Binance with $14.44 billion (17.82%) and Bybit at $9.29 billion (11.46%). Other exchanges like Gate ($8.59 billion), Bitget ($6.04 billion), OKX ($4.18 billion), MEXC ($3.27 billion), WhiteBIT ($2.38 billion), Kucoin ($714.44 million), and BingX ($1.26 billion) also contributed to the overall market activity. 📈 In the options market, there was a tilt towards calls with 59.05% open interest (or 268,086.55 BTC) compared to 40.95% in puts. However, recent trading showed a slight shift towards puts, which made up 52.40% of the volume. The highest strike activity was observed at elevated price levels, particularly for the Sept. 26, 2025 $140,000 call which had the largest open interest of 10,785.3 BTC. 📉 Liquidations in the crypto market were active but remained modest compared to earlier in the week. Over the past 24 hours, $302.58 million in positions were closed, with $98.48 million in longs and $204.10 million in shorts. The data indicated that 84,016 traders were affected, with the largest single liquidation being a $39.08 million BTC-USDT order on HTX. 🔍 Overall, the derivatives positioning showed a modest expansion as the spot price hovered near $113,000. The options market was call-heavy in open interest but exhibited a slight day-over-day lean towards puts. Futures open interest was distributed across major venues like CME, Binance, Bybit, and Gate amidst mixed changes by venue. All eyes were on U.S. Federal Reserve Chair Jerome Powell as he prepared to deliver statements at Jackson Hole.

🚀 Ether ETFs Surge Ahead of Bitcoin in Record Inflows 📈 Last week marked a significant shift in the cryptocurrency exchange-traded fund (ETF) landscape, with ether ETFs dominating the scene by securing a record $2.85 billion in inflows. This surge eclipsed the $548 million inflow recorded by bitcoin ETFs, highlighting a notable shift in institutional sentiment. 💰 The week of August 11–15 was pivotal for ether, which saw unprecedented inflows led by Blackrock’s ETHA with an impressive $2.32 billion. Other significant contributors included Fidelity’s FETH at $361.23 million and Grayscale’s Ether Mini Trust bringing in $219.58 million. In contrast, bitcoin ETFs experienced modest gains, with Blackrock’s IBIT leading at $887.82 million. 📉 Despite the overall positive net for bitcoin, several funds faced substantial redemptions, including Ark 21shares’ ARKB which saw a drop of $183.92 million. This indicates a defensive position for bitcoin as institutional investors increasingly favor ether. 📊 Trading volumes reflected this trend, with ether ETFs trading $14.1 billion compared to bitcoin’s $20.8 billion. However, ether’s net assets surged to $28.15 billion, now representing 5.3% of ethereum’s market cap.

Institutional money is warming rapidly to ether ETFs, with bitcoin playing defense.