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Bitcoin liquidity conditions set the stage for a struggle to maintain BTC price support and the continuation of the bull market in the coming week.
Ether has surged following the Pectra hard fork, with analysts suggesting a growing number of long positions could signal a turnaround for the asset.
Bitcoin bulls predict a rally to $90,000 if Treasury yields continue to fall alongside the Trump administration’s adjustments to its current tariff policy.
Bitcoin may encounter resistance around $84,000, but if it surpasses this level, the next significant obstacle is at $96,000, as reported by CryptoQuant.
The price of Bitcoin could surge if the high-stakes trade war tactics employed by the US result in significant negotiations.
Bitcoin midterm holders — even those with a cost basis at around $3,600 — are still refusing to sell despite major profits and BTC price volatility
Bitcoin has underperformed this quarter as gold takes the lead, and US trade tariffs keep the potential for BTC price increases firmly out of reach, leaving crypto traders preparing for the consequences.
- 21:22The U.S. Senate is considering amending its rules to open a fast track for Trump's Federal Reserve Board nominations.Jinse Finance reported that a Republican aide in the U.S. Senate stated that Senate Republicans are considering amending the rules to open a fast-track confirmation process for Trump's Federal Reserve Board nominees. The new rules could be debated as early as the meeting at the beginning of next month.
- 21:03ENA Treasury Company refinances $530 million, with $310 million allocated for public ENA purchasesJinse Finance reported that Ethena Labs announced on X that ENA treasury company StablecoinX has raised an additional $530 million as part of its ENA accumulation strategy. With this, StablecoinX has now raised a total of approximately $895 million through PIPE financing, and it is expected that after the transaction is completed, its balance sheet will hold over 3 billion ENA tokens. A subsidiary of the Ethena Foundation will use the funds raised from this PIPE to launch an ENA buyback program of about $310 million, which is expected to be executed by third-party market makers over the next 6 to 8 weeks, with the buyback amount accounting for about 13% of the circulating supply. The first round of PIPE financing has already been completed, with cumulative purchases accounting for about 7.3% of the circulating supply of ENA. The newly added buyback deployment plan is as follows: when the ENA price is above $0.70, a daily buyback of $5 million will be conducted; when the price is below $0.70 or drops more than 5% within 24 hours, a daily buyback of $10 million will be conducted.
- 20:23Bank of America: Expects the Federal Reserve to cut interest rates twice in 2025, previously expected no rate cutsBlockBeats News, September 5, Bank of America stated that it expects the Federal Reserve to cut interest rates twice in 2025, compared to its previous forecast of no rate cuts. (Golden Ten Data)