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World Liberty launches $4B USD1 on Canton Network

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World Liberty hearing turns tense as OCC chief rejects pressure claim

World Liberty Financial has launched its $4.05 billion USD1 stablecoin natively on the Canton Network, giving institutions a dollar-based settlement asset for tokenized securities and other real-world assets.

Summary

  • USD1 can settle tokenized assets through Canton’s privacy and permissioning controls.
  • Institutions can use the stablecoin for collateral, lending, issuance, redemptions, and cross-border payments.
  • DeFiLlama ranks the $4.05 billion USD1 as the sixth-largest stablecoin.
  • World Liberty’s proposed U.S. trust bank still requires final OCC authorization.

USD1 gives Canton transactions a cash settlement option

World Liberty Financial said in an Aug. 25 announcement that USD1 is now issued directly on Canton rather than arriving through a bridge from another blockchain.

Native issuance lets an institution exchange USD1 and a tokenized asset as parts of the same transaction. According to the announcement, Canton’s system synchronizes both transfers so the cash and asset can settle together, reducing the risk that one side completes while the other remains outstanding.

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Canton applies privacy and permission controls to transactions conducted on its public blockchain. The network says the system allows participating firms to control which parties can view transaction information while supporting the compliance requirements used in regulated financial markets.

Through the integration, World Liberty said institutions can use USD1 to provide collateral for derivatives and institutional loans. The stablecoin can also fund asset issuances, process redemptions, support financing arrangements and settle cross-border payments around the clock.

Tokenized government debt and other financial assets often require a corresponding cash payment when they change hands. World Liberty said adding USD1 gives Canton users a fully reserved dollar stablecoin for that cash side without moving the transaction through a separate payment network.

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According to World Liberty, USD1 is redeemable for U.S. dollars on a one-to-one basis. The company says its reserves include dollar deposits, U.S. government money market funds, and other cash equivalents, with reserve reports published monthly.

USD1 enters a network built around institutional assets

Canton said more than $9 trillion in tokenized assets are issued or processed through its network each month. The company also reported that more than $350 billion in onchain U.S. Treasurys moves across Canton daily, although the figures represent activity rather than the total value locked on the blockchain.

Government debt on Canton is used as collateral, repurchase agreements, and treasury-management transactions, according to the USD1 announcement. In such trades, delays between the transfer of an asset and the related payment can tie up capital or require financial institutions to retain additional liquidity.

Canton’s synchronized settlement design allows the asset and payment to move at the same time. Native USD1 can now serve as the dollar-denominated payment in those transactions while remaining subject to the network’s privacy settings.

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An earlier institutional transaction showed how the structure works with another stablecoin. Tradeweb said in July that Franklin Templeton transferred a tokenized U.S. Treasury security to Virtu Financial in exchange for USDCx, with Canton synchronizing the two sides in real time.

World Liberty and Canton initially disclosed plans for the USD1 deployment in December 2025, when the stablecoin had a market capitalization of more than $2 billion. At the time, the companies identified intraday repo and digital bond settlement among the intended uses.

USD1’s market value has since reached approximately $4.05 billion, according to DeFiLlama stablecoin data, placing it sixth among dollar-pegged tokens by capitalization. Stablecoin supply can increase when authorized parties mint new tokens and decline when holders redeem them.

In March 2025, World Liberty introduced USD1 as a dollar-backed token for institutional and retail transactions. BitGo Bank & Trust currently issues the stablecoin, manages its reserve assets, and processes minting and redemption requests on the company’s behalf.

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World Liberty’s USD1 growth faces U.S. scrutiny

The Canton deployment adds another institutional use for USD1 one day after crypto.news reported its $4 billion growth. World Liberty CEO Zach Witkoff attributed the increase to institutional demand and rejected claims that the company’s relationship with the Trump family accounted for the stablecoin’s adoption.

A $2 billion transaction has formed a large part of USD1’s early use. In May 2025, Abu Dhabi-backed investment firm MGX used the stablecoin to settle its investment in Binance after initially announcing the deal without identifying the settlement asset.

World Liberty’s connections to President Donald Trump and the involvement of a foreign state-backed investor have drawn questions from Democratic lawmakers. Public disclosures cited in previous coverage show that an entity affiliated with Trump and members of his family holds an interest in World Liberty’s parent company.

For U.S. institutions considering USD1, federal oversight of its issuer remains an important procedural issue. The Office of the Comptroller of the Currency granted World Liberty Trust Company conditional charter approval on Aug. 14, allowing the company to proceed with organizing a national trust bank.

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The OCC’s decision does not allow the proposed bank to begin operating. According to the regulator’s approval, World Liberty Trust must maintain at least $20 million in eligible capital, appoint a qualified internal audit manager, and complete other preopening requirements before receiving final authorization.

If the OCC issues that authorization, the trust company plans to take over USD1 issuance, redemption, and reserve management from BitGo. The proposed institution would also provide digital-asset custody and stablecoin conversion services to institutional clients under federal supervision.

Unlike a conventional commercial bank, World Liberty Trust would not accept ordinary deposits or make standard loans. National trust banks generally concentrate on custody, fiduciary, settlement, and asset-servicing activities, and the OCC can change, suspend, or withdraw its preliminary approval before the institution opens.

Canton is also preparing a U.S. benefits pilot

Digital Asset, the company behind Canton, has also expanded the network’s proposed role in U.S. public-sector payments. In August, Digital Asset and former House Speaker Paul Ryan’s American Idea Foundation unveiled a benefits pilot scheduled to begin in three states during the first quarter of 2027, subject to federal approval.

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Called Resources for Independence, Stability, and Employment, the program would combine separate benefits into monthly or twice-monthly payments. The organizations said Canton would apply rules covering approved spending categories while restricting access to recipients’ sensitive information.

Program administrators would also be able to adjust payments automatically when a recipient’s reported income changes, according to the announcement. Digital Asset and the foundation have not identified the participating states or disclosed which benefit programs will enter the pilot.

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Ethereum price rally overheats below $2,550 resistance

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Ethereum daily chart shows ETH near $2,478 above all major moving averages, while the RSI reaches an overbought 79.

Ethereum price traded near $2,478 on Aug. 25 after gaining roughly 30% over seven days, but an overbought daily reading and concentrated liquidity around $2,500–$2,550 could decide whether the rally extends toward $3,000 or enters a deeper pullback.

Summary

  • Ethereum price rose from about $1,916 on Aug. 19 to a seven-month high above $2,500.
  • US spot Ethereum ETFs attracted $697.2 million during their strongest inflow week of 2026.
  • The daily RSI reached 79.12, placing ETH firmly within overbought territory.
  • A weekly close above $2,550 could open the way toward $2,700 and $3,000.

Ethereum price holds most of its 30% weekly gain

According to data from crypto.news, Ethereum (ETH) price was trading at approximately $2,478 at the time of writing, having eased from an intraday high of $2,532. The asset remains roughly 29% above its Aug. 19 opening price of $1,916.

The rally carried ETH through $2,000, $2,200, and $2,400 in less than a week, reversing a long period of subdued price action. Ethereum had largely traded between $1,800 and $1,950 during the first half of August before the breakout began.

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The initial move coincided with an unusually large derivatives reset. CoinGlass data showed that short sellers across the crypto market lost nearly $2.7 billion within 24 hours, while total liquidations approached $3 billion. Ethereum accounted for about $1.1 billion of the forced closures, according to separate reports citing the same dataset.

Short covering helped accelerate the initial advance, but ETH has retained most of those gains after the liquidation wave faded. Price has consolidated between approximately $2,420 and $2,530 since Aug. 22 rather than returning to its pre-breakout range.

US ETF inflows support Ethereum demand

US-listed spot Ethereum ETFs recorded $697.2 million in net inflows during the five trading sessions through Aug. 21. It was their strongest weekly result of 2026 and their best performance since early October 2025.

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The inflows matter because they show that demand extended beyond leveraged derivatives. US spot Bitcoin funds attracted another $1.918 billion over the same period, taking combined inflows for the two groups to approximately $2.6 billion.

The rally also followed the US Treasury’s Aug. 19 decision to increase the maximum size of its longer-dated bond buybacks. The department said operations covering 10-to-30-year securities would rise from $2 billion to at least $4 billion beginning Sept. 9, according to the official announcement.

Long-term yields declined after the announcement, with the 30-year yield moving from above 5.30% to around 5.19% at one stage. However, the buyback increase has not yet taken effect, meaning the announcement coincided with the crypto rally rather than representing an immediate injection of Treasury liquidity.

US regulatory developments supplied another possible sentiment boost. The Securities and Exchange Commission proposed two exemptions for certain investment contracts involving crypto assets, including a startup exemption of up to $5 million over four years and a fundraising route of up to $75 million annually.

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Ethereum’s daily RSI warns of overheating

Ethereum’s daily chart has turned bullish after the price cleared all four major moving averages. ETH is trading above the 20-day simple moving average at $2,079, the 200-day average at $2,013, the 50-day average at $1,950, and the 100-day average near $1,877.

Ethereum daily chart shows ETH near $2,478 above all major moving averages, while the RSI reaches an overbought 79.
Ethereum price daily chart — Aug. 25 | Source: crypto.news

The ordering of those averages has not yet developed into a confirmed long-term bullish formation, but the breakout above the 200-day average removed one of the market’s most important technical barriers. The $2,000–$2,080 region could consequently serve as major support during a broader correction.

Short-term conditions look stretched. The daily relative strength index stood at 79.12, well above the conventional overbought threshold of 70. Its signal average had climbed to 67.06, showing that momentum remains strong even as the risk of profit-taking rises.

Overbought readings do not guarantee an immediate decline, particularly during a sharp trend reversal. However, they suggest that buyers may need fresh demand to carry ETH through the resistance concentrated above $2,500.

The 4-hour chart remains constructive. Ethereum is holding above its Supertrend support at approximately $2,344, while the Aroon Up reading of 64.29% remains well above the Aroon Down value of 7.14%. The gap indicates that recent highs still have more influence than recent lows, although declining Aroon Up momentum points to some cooling.

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Ethereum 4-hour chart shows ETH consolidating below $2,500, with Supertrend support near $2,344 and bullish Aroon readings.
Ethereum price 4-hour chart — Aug. 25 | Source: crypto.news

ETH liquidation map puts $2,550 in focus

CoinGlass’s three-day liquidation heatmap shows a large concentration of leveraged positions immediately above the current market. The most visible upside liquidity sits between approximately $2,540 and $2,570, with further clusters extending toward $2,600–$2,630.

Ethereum three-day liquidation heatmap shows major liquidity clusters at $2,540–$2,570 above price and $2,410–$2,450 below.
Ethereum liquidation heatmap | Source: CoinGlass

A move through $2,550 could force additional short positions to close and help ETH target $2,600. Above that range, the daily chart shows limited recent price structure until around $2,700, followed by the psychological $3,000 level.

Crypto analyst Ted Pillows identified $2,500–$2,550 as the main resistance zone. He said a weekly close above that area could support a direct move toward $3,000, though the target remains conditional on ETH confirming the breakout.

The heatmap also shows substantial downside liquidity between $2,410 and $2,450. A rejection from $2,500 could draw the price toward that zone before buyers attempt another move higher.

Below it, the 4-hour Supertrend level at $2,344 forms the next important support. Losing that level would weaken the immediate bullish structure and expose approximately $2,200, followed by the cluster of daily moving averages around $2,000–$2,080.

Michaël van de Poppe said ETH was approaching a higher-time-frame support level against Bitcoin and could benefit once Bitcoin begins consolidating. His view presents ETH’s relative performance as another possible source of upside, but the dollar chart must still clear $2,550 to confirm continuation.

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Ethereum therefore enters the next weekly close between a clear breakout level and an overextended momentum reading. Holding $2,410–$2,450 would preserve the short-term setup, while a confirmed close above $2,550 would strengthen the case for $2,700 and eventually $3,000.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Ondo Expands Perps Collateral as Tokenized Stocks Gain a Second Use

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Mega-Deals Drive Global M&A to $2.8 Trillion in First Half of 2026

A tokenized stock can now remain part of a trader’s market exposure while funding a leveraged position. Selling it for USDC first is no longer required.
Ondo Perps has added tokenized Circle (CRCLon), SpaceX (SPCXon) and SanDisk (SNDKon) as eligible collateral. Traders can retain exposure to those assets while using them to support perpetual futures trades. 

The addition arrives during a strong year for onchain equities. Tokenized stocks reached roughly $1.8 billion in market capitalization in August and accounted for about 15% of the tracked real-world asset market, three times their share at the start of 2026. 

Ondo held the largest slice at roughly $957 million on August 17.

Collateral Changes Things

Spot tokenization gives investors blockchain-based exposure to equities. Collateral lets the same capital support another trade while the investor retains market exposure.

Ondo designed Perps so that traders can use tokenized securities alongside stablecoins as multi-asset collateral, including an equity token linked to one company to support a perpetual contract linked to another. The company also pitches the combination of spot assets and perps as an early form of onchain prime brokerage.

The immediate use case is hedging. A trader holding a tokenized equity can open an offsetting perpetual trade on the same venue. Basis strategies add another use, where investors can hold the spot token, short its perpetual future and collect funding when rates are positive.

Of course, collateral quality is important. Perpetual markets depend on reliable pricing and enough liquidity to manage liquidations during volatile periods. Equities also bring dividends, stock splits and other corporate actions into the risk model.

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Ondo says its tokenized stocks and ETFs are backed by corresponding securities and cash in transit, with underlying holdings kept at US-registered broker-dealers or US-chartered national trust companies. An independent verification agent reviews the backing each business day.

Tokenized Equities are Already Entering Credit Markets

In February, Ondo brought SPYon and QQQon into Morpho lending markets, allowing the tokenized S&P 500 and Nasdaq-100 ETF products to serve as collateral for borrowing. Gauntlet provides risk management for the markets. 

Chainlink data feeds for Ondo assets including SPYon, QQQon and TSLAon also went live earlier this year, supporting collateral valuation across DeFi applications.

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 Euler was among the first integrations, allowing users to borrow stablecoins against eligible tokenized stocks and ETFs. 

So, a tokenized security can begin as market exposure to a stock, then become lending collateral and support derivatives trading. Each additional use gives holders more ways to deploy the same asset across onchain finance.

A $2.8 Billion Market Finds More Uses

Ondo Stocks now offers more than 440 tokenized stocks and ETFs across Ethereum, BNB Chain and Solana. The platform has also passed $1 billion in TVL, according to Ondo and comments from managing director John Hoffman. 

Usage is certainly becoming more sophisticated. The tokenized equity market now spans spot trading, credit and leveraged derivatives, giving issuers a larger arena in which to compete.

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The addition of Circle, SpaceX and SanDisk means each asset can serve as market exposure and trading collateral inside the same system.

Collateral gives tokenized assets financial utility after issuance, turning equities into components of onchain portfolio management.

The post Ondo Expands Perps Collateral as Tokenized Stocks Gain a Second Use appeared first on BeInCrypto.

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Oil Falls Near 3% as Iran, Oman Restart Hormuz Corridor Talks

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Oil Falls Near 3% as Iran, Oman Restart Hormuz Corridor Talks

Oil prices fell about 2% on Wednesday. Iran said it resumed talks with Oman on managing the Strait of Hormuz, raising hopes for reopened shipping lanes.

Brent crude dropped to $86.27 a barrel, while US West Texas Intermediate slid to $80.87. Both benchmarks lost more than 3% on Tuesday.

Iran and Oman Discuss Temporary Hormuz Corridor

Iran and Oman have held on-and-off talks for weeks over Strait of Hormuz traffic. The waterway has historically carried about one-fifth of global oil and liquefied natural gas shipments. Volumes fell after fighting broke out in February.

The two countries said Tuesday they discussed a joint temporary navigational corridor. They also agreed to clear the strait of mines. Iran restarted the negotiations as it faces heightened economic pressure from President Donald Trump’s administration.

“The market continues to react to developments surrounding navigation through the Strait of Hormuz, and hopes for progress in talks between Iran and Oman have triggered selling.”

Mitsuru Muraishi, an analyst at Fujitomi Securities, told Reuters.

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Washington expanded sanctions targeting Iran on Monday, threatening countries that keep doing business with Tehran. However, penalties will not take effect immediately.

US Sees Lower Risk of Escalation

The US has begun returning personnel to some Middle East diplomatic missions evacuated during the conflict. Two people familiar with the matter said.

The personnel shift therefore suggests Washington sees a lower near-term risk of escalation. Some embassies will initially run below full capacity.

Meanwhile, an unidentified projectile struck and disabled an oil tanker on Tuesday. The incident occurred nine nautical miles northeast of Ash Shishah, near Oman’s entrance to the strait. The United Kingdom Maritime Trade Operations (UKMTO) reported the strike.

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Rising US Crude Stocks Add to Selling Pressure

The American Petroleum Institute (API) reported a rise in US crude inventories. Stockpiles increased by about 4.2 million barrels in the week ended August 21, market sources said.

Analysts polled by Reuters had forecast a 600,000 barrel increase. Official data from the Energy Information Administration (EIA) are due Wednesday at 10:30 a.m. ET.

In contrast, Muraishi said uncertainty over the outlook has prompted bargain buying, which could keep prices range-bound in the near term.

The post Oil Falls Near 3% as Iran, Oman Restart Hormuz Corridor Talks appeared first on BeInCrypto.

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How to Break Up With Your Therapist Without Ghosting Them

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How to Break Up With Your Therapist Without Ghosting Them

You don’t need to build a case for your decision. “When it comes to trying to find the right fit, I don’t think clients should have to worry about having to justify their perspective,” Eshtehardi says. He suggests keeping the message simple: “I don’t think it’s the right fit. I’d like to stop sessions, and I really appreciate your time. Thank you.”

And try not to assume you’ve devastated them. Therapists are trained to handle patients leaving, Kraiem says. If yours can’t tolerate it, “then there’s a problem with the therapist, not with the patients.”

Make the transition easier on yourself

If you need consistent support, try to line up a new therapist before leaving your current one. Ask your therapist if they can recommend someone with a different style or specialty.

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Before booking, confirm the new therapist accepts your insurance. “There’s nothing worse than getting through that first session” only to discover they don’t, Culkin says. You can also ask how they structure sessions, establish goals, and respond when a client disagrees. Be candid about what helped the first time around, what didn’t, and what’s important to you this time. Culkin encourages therapists to ask what clients appreciated about past providers and what they wish had been different. “Those are gold answers,” he says.

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BTC Price Hits $80,000 as Bitcoin Miners Dodge Data Center Backlash Crushing AI Stocks And BTC Just Hit $80,000

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BTC Price Hits $80,000 as Bitcoin Miners Dodge Data Center Backlash Crushing AI Stocks And BTC Just Hit $80,000

A political fight over data center construction is quietly reshaping which crypto-adjacent equities win and lose this summer, and Bitcoin miners are ending up on the right side of it.

Governors from New York to Texas have moved to slow or block new data center construction amid rising anti-AI political backlash, hammering stocks like Constellation Energy and NRG in the process.

Bitcoin miners running their own power infrastructure, names like Cipher Digital and Hut 8, are positioned to sidestep the fallout entirely. Vertically integrated energy means miners do not face the same zoning and grid-approval headwinds currently choking AI data center buildout.

That divergence matters. While AI infrastructure absorbs regulatory friction, Bitcoin’s underlying network economics keep tightening underneath the surface.

Price action is already reflecting it. Bitcoin is trading at $80,000, up 3.50% on the day and up over 27% in the past 7 days, grinding against the same $80,000 ceiling it has not cleared since May.

The question now is whether mining economics and spot price can both hold their footing above key resistance.

Discover: The Best Token Presales

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Can Bitcoin Price Hit $82K This Week?

Bitcoin is trading at $80,500, up 2.0% over the past 24 hours, with weekly gains north of 22%. Volume has remained elevated throughout the breakout, a sign that this is not a low-liquidity spike.

Price is consolidating in the high $70,000s to low $80,000s band, right at the psychological line that has rejected BTC once already this cycle.

Source: BTCUSD / Tradingview

Short-term resistance sits at $82,193.5, with support cushioning near $70,750. The short-term trend reads bullish. Mid-term is neutral. Long-term structure still carries bearish overhang from prior downtrend levels, a mixed picture despite the strong tape.

A clean break above $82,193.5 opens room toward $87,000. Consolidation between $75,000 and $82,000 while the market digests the rally is the base case. Failure to hold $78,000 support invalidates near-term bullish structure and drags price back toward the $70,000 zone.

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Government accumulation trends remain a structural tailwind regardless of short-term chop.

Bitcoin Hyper Targets Early Mover Upside as Bitcoin Tests Key Levels

Holding BTC through this stretch has paid off; a 22% weekly move validates anyone who bought the dip. But at an $80,500 price point and a market cap north of $1.5 trillion, doubling from here requires trillions in fresh capital.

That math gets harder every time BTC sets a new high. Early-stage infrastructure plays built on Bitcoin, rather than just tracking its price, offer a different risk-reward entirely, and that’s exactly the lane Bitcoin Hyper is running in.

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Bitcoin Hyper (HYPER) bills itself as the first Bitcoin Layer 2 with full SVM integration, smart contract execution that it claims outpaces Solana, layered on top of Bitcoin’s base-layer security.

The presale has raised $33,080,369.89 at a current token price of $0.0136852, with staking rewards live for early participants. Core features include a decentralized canonical bridge for BTC transfers and low-latency, low-cost transaction execution, addressing Bitcoin’s longstanding programmability gap.

More details on the macro backdrop driving this rotation are in this Bitcoin Hyper presale breakdown. Presale tokens carry no guarantee of exchange listing or price performance; standard early-stage risk applies.

Unlock Access to Bitcoin’s New Layer 2 Here

Discover: The Best Crypto to Diversify Your Portfolio

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The post BTC Price Hits $80,000 as Bitcoin Miners Dodge Data Center Backlash Crushing AI Stocks And BTC Just Hit $80,000 appeared first on Cryptonews.

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Dolly Parton Loved Us All, Darlin'

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Dolly Parton Loved Us All, Darlin'
Dolly Parton performs in 1978. —Bettmann/Corbis

Dolly Parton, the beloved country-music superstar known for writing about the lives of regular people in more than 3,000 songs and, in later years, for giving away more than 300 million books to children around the world, has died in Nashville. She was 80. Parton had recently shared updates about health issues she’d been dealing with since the death of her husband Carl Dean last year, and her representatives told People that her death in Nashville came after a “brief battle with cancer.” Her nephew and bodyguard Bryan Seaver announced her death in an Instagram video posted to her account on Aug. 25, saying, “Dolly has lived in the light and is in the arms of Jesus, surely met by Carl, her parents, and countless others who have watched her and longed for her to meet them in the heavens.”

To her fans around the world, she was Saint Dolly—the American godmother who channeled the sorrows of everyday life into song, wrapping ugly truths in pretty packages. Though she was described by music journalist Robert Oermann as “the Mozart of our times,” Parton’s larger-than-life hair, excess in rhinestones, surgical implants, and cosmetic work concealed the iron will through which she confronted the day’s realities with her craft. Most importantly, she wrote and sang with a woman’s voice and heart about topics that uniquely touched her gender. Her songs include stories of stillborn births (“Down From Dover”), suicide (“The Bridge”), shame (“Just Because I’m a Woman”), abuse (“A Gamble Either Way”), adoption (“Doing This for Your Sake”), isolation (“Two Doors Down”), mental institutions (“Daddy Come and Get Me”), and prostitution (“The Bargain Store”).

—David Gahr—Getty Images

I saw Parton play live in concert during her Pure & Simple Tour in October 2016, a month before the most divisive election in American collective memory, and a year before I began reporting a podcast on her life called Dolly Parton’s America. At the time, I was looking for someone or something to believe in. On the television and in the news, hatred from both sides of the American political aisle had never seemed more grotesque, but at Parton’s show, we all sang together. Parton visited more than 60 cities that summer and fall. Looking back, I can’t help but wonder if she knew it would be something of a healing tour, the last of its kind she would do. When I asked Parton what “Dolly Parton’s America” meant to her, she responded that her perspective wasn’t limited by borders, that it was Dolly Parton’s World: “I just think we need to love one another. I think we need to try a little harder. We need to be a little kinder. We need to be a little smarter. We need to have more love and compassion.” The last time I saw her, she told me she was planning a comedy album. She also said that, unlike other artists of her stature for whom posthumously released music has been a point of contention, she’d recorded many more songs of hope she’d put away in a vault, to be released throughout the hundred years following her death. 

Parton was a genius from humble origins. Because of them, she remained vulnerable, even relatable, in the public eye. Many wealthy folk prefer to be compassionate from on-high, if at all, never getting their feet wet or hands dirty. Parton rolled in the mud. She claimed she modeled her look on “the town trash whore,” whom she thought was “beautiful.” She dressed in a way that was her idea of glamour: yellow hair piled atop her head, bright red lipstick and nails, high-heeled shoes, and a tight skirt. “I thought [that woman] was the prettiest thing I’d ever seen,” she once said on Ellen. “So I grew up to look just like her!” 

Once Parton achieved a certain level of fame, her body became a punchline for the late-night circuit. When two male scientists made the world’s first cloned sheep, in 1996, they named it after Parton for its “large mammaries.” Parton laughed the cracks off with quips of her own (“I don’t know if I’m supporting them, or they’re supporting me”). For the Dolly podcast series, I asked Parton once about whether she thought her look stopped journalists, mostly men in the time she was coming up, from taking her work seriously, or viewing her songwriting as equally important to her work as a performer. She shrugged off the question: “Sometimes you have to look like Jezebel in order to get some angelic things done in the world.” 

There are countless examples of remarkable women erased by history, but Parton survived her own story long enough to tell it. Her cycle of resurrections, the highs and lows, didn’t seem to change her much over the years, even as the highs garnered her over half a billion dollars.

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Dolly Parton’s early years

Dolly Rebecca Parton arrived on Jan. 19, 1946, in an unheated cabin about an hour outside of Knoxville, Tenn., atop the Smoky Mountains. Her parents paid the doctor who trekked to their home to deliver her with a sack of cornmeal. The fourth of 12 children—as she put it, “Mama always had one on her or in her”—the kids slept three or four to a bed. Their only modern convenience was a battery-powered radio. Her childhood home had no indoor plumbing, electricity, or running water. She later compared it to moving from “the Dark Ages into the light ages.” 

Dolly Parton performs at the Roxy in West Hollywood in 1977. —Barr Brandon—MediaPunch/IPX/AP

She grew up surrounded by pines, butterflies, creeks, and neon-green moss. As her father worked from sunup to sundown as a farmer, her mother sang the children Irish and Welsh folk songs “from the Old World,” passed down through the generations. One day, Parton fashioned a makeshift microphone by putting a tobacco stick into the ground and placing a tin can on top, performing a show of her own. By the age of 5, she had written her very first song, “Little Tiny Tasseltop,” about a corncob doll. By 8, her Uncle Bill Owens, who wrote songs and performed across East Tennessee billed as “Little Billy Earl with the Split Curl,” began to teach her the guitar. They sang together at supermarket openings, rallies, fairs, and talent contests. By age 10, he arranged for her to appear on the Cas Walker Show

Walker was a coon hunter who’d started a local radio-cum-television show to promote his grocery stores. This was Parton’s first big break. At 11, Parton got her first recorded song, “Puppy Love,” co-written with Owens, on the radio, and at 13, she told Johnny Cash she wanted to sing at the Grand Ole Opry. So when an older Opry performer gave up his spot one Saturday night in 1959, Parton got her chance to sing at the historic venue. Cash himself introduced her to the crowd of 2,000. “We’ve got a little girl here from up in East Tennessee,” he said. “Her daddy’s listening to the radio at home, and she’s gonna be in real trouble if she doesn’t sing tonight, so let’s bring her out here!” That night she received three encores. 

The day after she graduated high school, Parton took a Greyhound 180 miles to Nashville. For weeks she lived off soups made of ketchup and mustard and food left in the halls of hotels. But these scrappy days quickly paid off. She landed a record deal at 19, and soon after, a husband: a handsome, quiet man named Carl Dean, whom she met at the Wishy Washy Laundromat and would remain married to until his death in 2025. When her record company’s president encouraged her to delay marriage in order to keep her broad appeal to a male audience, she married Dean anyway, in secret. It was the early 1960s. There were obstacles to women owning a home, having credit in their own name, and taking out loans, so Parton moved like perfume, wafting through the world of men while always doing things her own way.

Parton poses for press photographers at a Tokyo press conference ahead of a Japan tour, July 23, 1979. —Tsugufumi Matsumoto—AP

When her prophetic single “Dumb Blonde” hit the airwaves in 1966, it captured the attention of a star with the No. 1 syndicated country-music television show in the nation. Porter Wagoner, known for his lavender Nudie suits covered with sequins and rhinestones, had been looking for a new “girl singer.” The pair’s love-hate working relationship kicked off quickly. On her very first stint on the show, Wagoner cut off a shy Parton before she even finished singing. Alternately fighting and writing, they produced hit after hit, and a bolder, louder Parton began to emerge. Wagoner made her a better performer, while she made him a better songwriter. Their partnership also sharpened her already acute sense of humor. She said of her seven years with him, “If I got myself in a spot where it looked like I couldn’t walk my way out of it, or move my way out of it, I would joke my way out of it.” 

The Wagoner band worked constantly, and Parton learned how to hold her own onstage and in the studio. Early on in her recording career, she’d been panned as the ditz with “a Minnie Mouse voice,” but she came into a new level of mastery during this phase. While recording “The Mule Skinner Blues” in 1970, Parton took the reins; she sang the first note so long that the band could not begin to play until they followed her lead. The record earned her her first individual Grammy nomination for Best Female Country Vocal Performance in 1970; she received 11 Grammys over the course of her career. 

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During her partnership with Wagoner, she wrote many of her signature hits, including “The Coat of Many Colors,” “Joshua,” and both “Jolene” and “I Will Always Love You.” When Parton decided it was finally time to leave Wagoner’s show, he sued her for $3 million, claiming she’d breached their contract. Famously, the lyrics to “I Will Always Love You” served as her way of letting him know how much she appreciated him. To avoid a lengthy legal battle, they settled for $1 million. Parton didn’t have the money, so she paid him in installments over the years. 

When Elvis’ manager met with Parton to tell her Elvis would record “I Will Always Love You” if she’d just give up half of the publishing rights to the song, she refused. “I said, ‘I’m sorry, but I can’t give you the publishing,’” she told W magazine in 2021. “I wanted to hear Elvis sing it, and it broke my heart—I cried all night.” She attributed this stubbornness to her father’s business sense as a farmer—her songs were like crops, and without owning the harvest, her family would grow hungry.


Parton pictured with some of her stage wigs in Los Angeles on March 10, 1980. —Mirrorpix/Courtesy Everett Collection

Parton’s life seemed to play out as a constellation of experiences in sync with American history. She entered the working world around the time the first workplace sex discrimination law was passed. Her decision to leave her creative partnership with Wagoner coincided with women leaving unhappy marriages in droves following the passage of no-fault divorce laws. Despite the affection Parton expressed in her famous song, theirs was a messy divorce. 

She starred alongside Jane Fonda and Lily Tomlin in 9 to 5, the 1980 movie based on 9to5, National Association of Working Women, a grassroots movement of female office workers, for which Parton penned an eponymous tune on workplace discrimination. In the film, Dolly plays a secretary who unites with the other women to confront the harassment of their employer Mr. Hart, played by Dabney Coleman. At one point, the women even share fantasies about killing their boss. It was an overwhelming hit. Perhaps Parton’s most countercultural act was her decision not to have children at a time when Reagan’s push for traditional family values took hold of the country.

Parton performs with Kenny Rogers onstage at Brendan Byrne Arena in East Rutherford, New Jersey, Oct. 20, 1988. —Gary Gershoff—Getty Images

Over the years, Parton’s music evolved from heart-wrenching “sad ass songs” to female-power anthems like “Light of a Clear Blue Morning” to spiritual tunes like “The Seeker” and “He’s Alive.” In the mid-‘80s, she opened up about her depression and suicidal thoughts following the end of an “affair of the heart,” family issues, and a negative experience filming The Best Little Whorehouse in Texas. She was dealing with a slew of health problems, ultimately undergoing a partial hysterectomy, and as she struggled to lose weight, she put herself on restrictive diets, including a liquid one that made her feel isolated. She documented her loneliness in “Two Doors Down” and started over professionally. She fired her accounting firm, trimmed her band, started her own record label, and founded her amusement park, Dollywood. Over time, she came to embody her moniker, the iron butterfly.

Amid cultural and social upheaval in America, Parton grew accustomed to coming under fire. In 2017, when her Dolly’s Dixie Stampede, a dinner show with teams from the North and South battling, met with protests during a national reckoning regarding monuments glorifying Confederates and racists, Parton dropped the word “Dixie.” Seaver, Parton’s nephew, described Parton’s way of navigating American politics as “dollitics,” noting her habit of evading party-line questions. As she put it, “My daddy was a Republican and my mama was a Democrat, so that makes me a hypocrat.” When she took the stage at the 69th Emmys in 2017 for a 9 to 5 reunion alongside Lily Tomlin and Jane Fonda, she refused to join in their skewering of then-President Donald Trump. Instead, she used her weapon of choice, a tit joke.

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If you listen closely, however, her political opinions can be heard in the music. The tracks on her albums include a song based on a tragic true story of a plane filled with deportees crashing into California’s Los Gatos Canyon, one spotlighting the danger of a coal miner’s life and the necessity for workers to unite, and another telling the story of a girl forced into sex work in order to survive. Parton received death threats after contributing the song “Travelin’ Thru” to the soundtrack of the 2005 film Transamerica, which tells the story of a transgender woman. She also got threats from the KKK over “Gay Day,” an annual day of visibility for her gay fanbase. Still, Parton, the self-proclaimed “patron saint of drag queens,” continued to champion the LGBTQ+ community loudly, saying, “If you’re gay, you’re gay; if you’re straight, you’re straight. And you should be allowed to be, you know, how you are and who you are.” She once showed up to an annual drag queen competition, only to lose the Dolly look-alike contest to a man in drag. 


Dolly Parton’s legacy

Parton poses for a portrait at Dollywood on Oct. 24, 1988 in Pigeon Forge, Tennessee. —Ron Davis—Getty Images

Parton liked standing alone. She never jumped on a bandwagon, nor did she punch down. Though she never openly called herself a feminist, in an interview she explained to me that she just shunned labels outright. Her refusal to cast anyone out and her radical acceptance of all kinds of people–queer people, people of color, her outright idolization of the women others called “trash”–in recent years earned her the nickname of “the Great Unifier.” In one of the last interviews for Dolly Parton’s America, while looking back on her life, she said, “I don’t practice my faith; I live it.”  

Parton was a spiritual leader in a world where political leaders failed us time and again. I talked to a Zimbabwean scholar who wrote a piece about how the classical artwork of Zimbabwe was less important to many people than Dolly Parton’s music, especially the song “Just Because I’m a Woman.” It has been on the top of the charts in many countries in Africa for decades now. To get back into her “God space,” Parton would leave Nashville for her Tennessee Mountain home, up in the Smoky Mountains where she was born, to fast and begin to come up with new music. Eventually, her 3 a.m. prayers for songs became prayers for creating hope that would last longer than her lifetime.

Reflecting on how her father never learned to read or write, she provided $15,000 scholarships to high school students, and to improve middle school literacy rates in her home county, she gave each child $500 in cash upon graduation. In 1995 she started the Imagination Library, which donates books to children under 5. She invested proceeds from Whitney Houston’s towering 1992 cover of “I Will Always Love You” into a Black Tennessean community. When the Gatlinburg fires broke out across Appalachia in 2016, she raised millions of dollars and gave everyone who lost a home $1,000 a month for six months with a final surprise $5,000 check as the program wound down. She made another significant donation in 2024 to support  the victims of Hurricane Helene. In 2020, she donated $1 million toward finding a vaccine for COVID, and in 2022, she began offering full college scholarships to every Dollywood employee. 

Inducted into the Songwriters Hall of Fame in 2001 and awarded the National Medal of Arts in 2005, an honorary doctorate from the University of Tennessee – Knoxville in 2009, a Grammy Lifetime Achievement Award in 2011, and an honorary Oscar in 2025, Parton piled up accolades as high as the Smoky Mountains themselves. But her greatest feat may have been her devotion to other people, most of them complete strangers. “I just love people,” she said. “When I look at the audience I see my family. I see the God light, the goodness, in everybody, even if they can’t see it.” Perhaps that spirit is how “Jolene” came to be covered more than 400 times—my father first heard it sung by Leila Forouhar in the late 1970s in Iran—or what inspired Nelson Mandela to ask his prison guards at Robben Island to play her music over the loudspeakers. It’s a bit comforting to think of Parton’s life as a fairy tale, not the culmination of what a single person could do. But her story is a testament to how a person of humble origins can accomplish extraordinary feats, when they pray for, write with compassion about, and take action for others. 

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And she did this without taking higher status: She remained the butt of the joke, the girl in the wig with a bosom, doing what she believed was right, even while making mistakes. She just tried to do better the next time. In the fax she sent me after the first of what would become 11 interviews, after I came to her with four hours of intrusive questions about some of the hardest moments in her life, she ended her note with: “I had a nice time with you. Hope you got everything that you wanted. I look forward to hearing from you or seeing you again somewhere down the road. Love, Dolly.” 

What a teacher. I hope we get the lesson.

Parton stands with other 2006 Kennedy Center honorees being celebrated for their contributions to American culture at the State Department in Washington, Dec. 2, 2006. From left are Zubin Mehta, Steven Spielberg, Dolly Parton, Smokey Robinson, and Andrew Lloyd Webber. —J. Scott Applewhite—AP

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Bitcoin Weekly RSI Has Analysts Eyeing A BTC Price Trend Reversal

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Bitcoin Weekly RSI Has Analysts Eyeing A BTC Price Trend Reversal

Bitcoin (BTC) price action is offering mixed signals after hitting $80,000 as traders diverge on market trajectory.

Key points:

  • Bitcoin weekly relative strength index (RSI) reaches 58.3, repeating a bullish divergence that accompanied the end of the 2022 bear market.
  • Daily RSI values reach their most “overbought” since November 2024 near 83.
  • Stochastic RSI prints a key crossover but avoids copying previous zero-level bear-market lows.

Weekly RSI echoes Bitcoin’s 2022 bear-market bottom

Relative strength index (RSI) data across daily, weekly and two-month time frames has added to the debate over whether last week’s 25% rebound by Bitcoin will endure.

RSI is a classic indicator for trend momentum. It uses an asset’s average gain or loss over a given lookback window, normally 14 days, to determine the strength of its current trend momentum. For Bitcoin, bullish divergences with price, where RSI makes higher highs while BTC/USD makes lower lows, have accompanied the start of major trend inflections. 

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In mid-2022, around six months before the end of Bitcoin’s last bear market, weekly RSI began a bullish divergence, locking in higher lows while BTC/USD saw lower lows. Throughout 2026, a similar pattern emerged, data from TradingView shows.

BTC/USD one-week chart with RSI bullish divergences. Source: Cointelegraph/TradingView

While short-term RSI signals present a less reliable picture of overall price trends, weekly signals have led some to rethink the status of the current bear market.

“Weekly is the timeframe that matters here, that’s where you read the secular trend and the cycle inflection points,” Jamie Coutts, chief crypto analyst at Real Vision, wrote in a post on X on Tuesday.

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Coutts described weekly bullish divergences as having “real weight,” citing price upside that resulted from previous divergence events.

Weekly RSI currently measures 58.3, its highest levels since BTC/USD hit its latest all-time high of $126,200 in October 2025, having broken through a trend of lower highs. On daily time frames, RSI is now in “overbought” territory at 82.93.

BTC/USD one-day chart with RSI data. Source: Cointelegraph/TradingView

Market participants are split over the implications of the daily readings, which are the highest since November 2024. Some see RSI giving a warning sign of an imminent reversal, while others point to the fact that historically, Bitcoin uptrends have been accompanied by multiple “overbought” periods, where RSI is above 70.

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In his latest analysis, Jonatan Randin, senior market analyst at crypto trading platform PrimeXBT, flagged more similarities to late 2022. At the time, daily RSI increased from 40 to 90 over a single weekly candle.

“An extreme move like this usually signals the start of something new,” he told X followers. 

“It doesn’t necessarily mean that the bear market is over but it is telling us something. I think what it’s trying to tell us is that we are about to enter a new phase of this cycle.”

BTC/USD RSI comparison chart. Source: Jonatan Randin on X.com

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Stochastic RSI prints anticipated crossover

Previously, Cointelegraph reported on expectations that Bitcoin’s two-month stochastic RSI indicator would repeat historical patterns to provide a clear signal over the end of the bear market.

Related: First bear-market trend line reclaim since 2025: Five things to know in Bitcoin this week

Stochastic RSI privileges more recent price moves, with a crossover of its two constituent trend lines acting as a cue for bullish trend change. This event has now occurred. However, the indicator reached only 4.81, avoiding the macro lows near zero that preceded previous crossovers.

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BTC/USD two-month chart with stochastic RSI data. Source: Cointelegraph/TradingView

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Bitcoin Bull Score hits 80, but $83K close is key

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DOG Mode opens a new front in Bitcoin’s governance fight

Bitcoin has entered the early stage of a possible bull market after a 24% rally lifted CryptoQuant’s Bull Score from 30 to 80 within one week.

Summary

  • Bitcoin’s Bull Score has reached 80, its highest reading since October 2025.
  • Eight of the index’s 10 indicators are now sending bullish signals.
  • CryptoQuant requires a weekly close above $83,000 to confirm a new bull market.
  • Short-term whale profits and 53,000 BTC in exchange deposits raise pullback risks.

Bitcoin Bull Score has reached a 10-month high

CryptoQuant reported that Bitcoin’s Bull Score rose from 30 to 80 over the past week, reaching its highest level since October 2025 as spot and futures demand strengthened.

Eight of the model’s 10 indicators now show bullish conditions. The index combines several measures of market demand, investor profitability, network activity, and liquidity to assess whether Bitcoin is trading in a favorable or unfavorable environment.

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A score of 80 places Bitcoin firmly inside the model’s bullish range, compared with 30 before the rally began. According to the analytics firm, the rapid increase indicates that several parts of the market improved together rather than price rising on one isolated signal.

Bitcoin climbed more than 24% from below $64,000 and briefly moved above $80,000 during the advance. At the time of writing, CoinGecko data placed BTC near $79,000 after the cryptocurrency gave back part of its gains.

The rally also carried Bitcoin to its highest price in about three months. On Aug. 25, crypto.news reported on the breakout, including the role of U.S. exchange-traded fund demand and forced buying from traders closing short positions.

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Despite the Bull Score reading, CryptoQuant has not treated the move above $80,000 as final confirmation of a new bull cycle. Its model requires Bitcoin to record a weekly close above the 365-day moving average, which currently sits near $83,000.

Why Bitcoin needs a weekly close above $83,000

Rather than relying on an intraday move, CryptoQuant uses the 365-day moving average as a long-term dividing line between improving and weakening market conditions.

A weekly close above roughly $83,000 would place Bitcoin back above that level and confirm the firm’s bull-market signal. Until then, the analytics provider views the current move as an early-stage recovery that still needs price confirmation.

LMAX Group market strategist Joel Kruger identified a similar resistance area. He pointed to Bitcoin’s May 2026 high of $82,820 as the next major price level, putting the previous peak close to CryptoQuant’s 365-day average.

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“A clear break above that level would reinforce the view that a meaningful cycle low is now in place and shift attention towards the next major move through $100,000 and, ultimately, the 2025 record high,” Kruger noted in a recent statement.

Bitcoin’s 2025 record stands well above its current price, leaving the $82,820 to $83,000 area as the first test before traders can assess Kruger’s higher targets. A brief move through the zone would not meet CryptoQuant’s condition unless BTC remains above the moving average through the weekly close.

An Aug. 24 analysis of the rally identified $77,000 to $80,000 as the immediate holding area after Bitcoin’s strongest weekly advance since March 2023. Analysts cited in the report said a loss of that range could put $70,000 back in focus, while a sustained breakout could open a move toward $80,000 to $90,000.

Spot and futures demand have risen together

Supporting the Bull Score increase, CryptoQuant said spot and futures demand are growing at the same time for the first time since early October 2025.

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Spot demand matters because it involves purchases of Bitcoin itself, while futures activity can include leveraged positions that traders may close quickly. Growth across both markets suggests that the rally has drawn participation from cash buyers alongside derivatives traders, according to the analytics firm.

U.S. spot Bitcoin ETFs have provided an identifiable source of cash-market demand. The funds recorded about $1.9 billion in net inflows during the week ending Aug. 21, their strongest weekly intake since October 2025 and their fifth consecutive positive session.

A previous report on ETF demand showed that the funds received approximately $517 million on Aug. 19 and another $606 million on Aug. 20. Bitcoin moved through $70,000 and $75,000 during the same period, although the concurrent moves do not by themselves prove that ETF purchases caused the full price increase.

Fresh U.S. demand continued after the weekly streak. According to SoSoValue data cited in an Aug. 25 Bitcoin market update, spot ETFs attracted $337.56 million on Aug. 24. BlackRock’s iShares Bitcoin Trust led with $208.9 million, followed by $104.6 million for Fidelity’s Wise Origin Bitcoin Fund.

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ETF flows give American investors direct exposure to Bitcoin through regulated, exchange-listed products without requiring them to hold the cryptocurrency in a private wallet. The next completed daily readings may show whether fund investors continued buying after BTC slipped back below $80,000.

Whale profits raise the risk of a pullback

Although its long-term indicators have improved, CryptoQuant warned that several short-term measures show the rally may have become overheated.

Traders’ unrealized profit margin rose to 20.5%, the highest reading since June 2025. The metric estimates the paper gains held by market participants and can indicate increased selling pressure when profits rise quickly.

CryptoQuant compared the latest reading with early May, when the margin reached 19% as Bitcoin traded near $82,000. BTC subsequently fell by about 30%, according to the firm, although a similar reading does not guarantee that the same decline will happen again.

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Large short-term holders have already converted part of their paper gains into realized profits. Between Aug. 20 and Aug. 22, short-term holder whales booked about $1.2 billion while Bitcoin traded around $78,000 to $79,000, the report said.

Selling activity peaked on Aug. 20, when the group realized a record $614 million in profits. CryptoQuant classifies the activity as whale profit-taking because it came from large holders whose coins had been held for a relatively short period.

Exchange inflows rose alongside the realized gains. Around 53,000 BTC moved onto trading platforms, the largest deposit total since June, according to the analytics firm.

Coins sent to exchanges are not necessarily sold, as holders may transfer Bitcoin for custody, collateral, or trading purposes. CryptoQuant nevertheless treats rising deposits as a potential source of sell-side supply because the assets become easier to trade once they reach an exchange.

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Schwab Strategist Flags Wall Street's Growth Is Concentrated in Two Firms

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Bitcoin is up over 20% this week.

Nvidia (NVDA) and Micron (MU) will drive a third of S&P 500 2026 earnings growth, Schwab’s Liz Ann Sonders said. Bitcoin (BTC) broke above $80,000 the same day.

The chipmaker’s earnings land Wednesday, a report Wall Street is treating as a verdict on the entire AI trade. Sonders called the resulting rotation into concentrated winners and away from crowded positions the market’s defining dynamic.

Nvidia and Micron’s Earnings Concentration

Sonders is chief investment strategist at the Schwab Center for Financial Research. On this week’s “Closing Bell,” she broke down how concentrated 2026 earnings growth has become.

Nvidia alone accounts for 18% of the S&P 500’s expected year-over-year earnings growth, she said. Micron’s AI memory chips add another 14 percentage points.

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“I think rotation in and of itself is the new momentum trade.”

Liz Ann Sonders, CNBC

Nvidia’s earnings report arrives after seven straight losing sessions, even as prediction markets price in a near-certain beat. Some earlier analysis of the setup pointed to positioning and options flow, not fundamentals, as the driver of that mismatch.

Bitcoin Broke $80,000 as Capital Looks Elsewhere

Bitcoin’s rally arrived alongside heavier bond market stress and dollar weakness. Both followed the Treasury Department’s move to expand its long-term bond buybacks.

The token touched a fresh multi-month high above $81,000 this week before pulling back, trading near $78,400 at publication time.

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Bitcoin is up over 20% this week.
Bitcoin is up over 20% this week. Image Source: BeInCrypto

Schwab’s own market note called this pattern a “debasement trade” returning. Sonders agreed, tying it to fading confidence in the dollar and Treasury policy. The trade points capital toward scarce assets like Bitcoin and gold.

Nvidia’s results land today, and commentary from the Fed’s annual Jackson Hole symposium is still ahead this week. Traders face two signals to reconcile.

One is whether concentrated AI earnings can keep justifying record index weights. The other is whether Bitcoin’s break above $80,000 marks a lasting rotation into hedges, or just a short squeeze.

The post Schwab Strategist Flags Wall Street's Growth Is Concentrated in Two Firms appeared first on BeInCrypto.

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Bitcoin’s Bear Market Isn’t Over? These Analysts Expect a Major Crash in the Short Term

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It sounds almost surreal that only weeks ago BTC was fighting to stay above $60,000, while it now trades around $80,000. Its awakening has sparked widespread enthusiasm within the community and prompted analysts to call for an end to the bear market.

However, not all are convinced that the bulls have fully regained control, as some expect the resurgence to be a major trap that could lead to a collapse well below $50,000.

Sharp Red Candle Incoming?

The past several days have been wild for the entire cryptocurrency market and have positively surprised the investors who might have grown tired and uninterested during the prolonged bearish cycle. Bitcoin jumped by 23% over the last week, briefly exceeding $81,000, and here are the exact factors that sparked the rally.

And while many industry participants have popped the champagne and started celebrating the potential beginning of a new bull run, others remain highly cautious. X user AlejandroBTC claimed BTC faces a major pullback ahead that could take the price to as low as $40,000.

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“This is what I think happens next: Bitcoin tests $68K–70K. We get a small bounce. Then we come back to that zone again, and this time it doesn’t hold. That’s when the panic starts. Liquidations accelerate, sentiment collapses, and I think we go straight toward $40K,” the analyst predicted.

X user bee also envisioned a hard rejection. In their view, BTC might experience a sharp red candle (not a slow pullback) that could erase almost all of the gains from the past several days.

Earlier this week, Nonzee argued that the asset’s pump was caused by a liquidity squeeze. They believe the green wave could be a bull trap that might eventually lead to a violent move south toward $45,000.

Bitcoin’s Relative Strength Index (RSI) supports the bearish perspective. The ratio has soared to 83, entering extreme overbought territory, a level that has historically been followed by a short-term correction.

BTC RSI
BTC RSI, Source: CryptoWaves

BTC’s Fear and Greed Index is also worth mentioning. Today (August 25), the figure jumped to 74, the highest mark witnessed since October last year. This suggests that the market has reached an extreme level of euphoria, which often happens when investors are driven by FOMO, and could be another sign of an incoming pullback.

BTC Fear and Greed
BTC Fear and Greed, Source: alternative.me

Bottoming Under This Condition

X user Niels, who has previously been quite pessimistic about BTC, also chipped in following the latest rally. The analyst assumed that a weekly close above $83,000 would mean that the bottom is in and that they were wrong about a potential crash toward $55,000.

“If not, Bitcoin is still following the 4-year cycle, and the macro bottom will happen in October,” Niels added.

The post Bitcoin’s Bear Market Isn’t Over? These Analysts Expect a Major Crash in the Short Term appeared first on CryptoPotato.

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