Over the last week, Bitcoin has been hovering around record highs thanks to high demand from institutional investors and growing global risk appetite. Capital flowing out of the gold market has played a significant role in its rise. However, Ethereum is giving the first cryptocurrency some serious competition.

According to Coingecko, those buying Bitcoin through the issuance of company securities or corporate treasuries, led by Michael Saylor's Strategy, have increased their reserves by $113 billion since the beginning of the year. Mutual funds are actively purchasing ETFs. Financial institutions that were unprofitable in the recent past are trying to dig out of the hole. Of the 10 mutual funds investing in Bitcoin, 7 exceeded expected profit targets by an average of 22%.

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Ethereum Wave Analysis – 12 August 2025

- Ethereum rising inside impulse wave (3)

- Likely to rise to resistance level 5000.00

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🗓 Economic Calendar at 2025/08/13 (GMT)

01:30 🇦🇺 Wage Price Index — Exp: 0.8% | 3.3% Actual: 0.8% | 3.4%

09:03 🇨🇳 New Yuan Loans — Exp: 305B Actual: -50B

14:30 🇺🇸 Crude Oil Inventories — Exp: -900K Actual: 3036K

17:30 🇨🇦 Summary of Deliberations


[Updated in real time]

Chainlink Wave Analysis – 12 August 2025

- Chainlink broke the resistance zone

- Likely to rise to resistance level 26.00

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BTC cannot keep up with altcoins

The crypto market has returned to its historical highs, with a cap of nearly $4.05 trillion, reaching a peak of $4.8 trillion. Major altcoins led by Ethereum (+7.5%), Solana (+12%), Cardano (+8.5%), and Chainlink (+9.3%) contributed to the total growth of 2.3% over the past 24 hours.

Bitcoin rose by a modest 0.4% during the day and remains 2% below the levels of 30 days ago — clear evidence of the market's switch to altcoin-mode. We suspect that investors are selling the first cryptocurrency to finance purchases of altcoins. And it is hardly reasonable to talk about a reversal in sentiment, given the rally in altcoins and the historic highs of the S&P500 and Nikkei225.

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Nasdaq100 heads for 30,000, Nikkei225 for 50,000

The S&P500 and Nasdaq100 indices hit new all-time highs on Tuesday and are continuing to grow, fuelled by increasing confidence that the Fed will cut interest rates.

According to the latest estimates, the probability of a cut in September has risen to 96% from a low of 38% immediately after hawkish comments following the last FOMC meeting. The growing expectation that this will not be a one-off cut appears to be fuelling longer-term stock growth. Markets are pricing in a 53% chance of three cuts and a 93% chance of two cuts by the end of the year, compared to 8% and 40% on 31 July. The increased likelihood of three cuts by the end of the year is likely to remain a fundamental driver of the broader stock market.

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🇺🇸 US pre-market

📈Mixed dynamics prevail on the US stock market premarket.

In the finance sector, Berkshire Hathaway (BRK.B) shares are up 0.18%, while Bank of America (BAC) shares are up 0.40%.

In the electronics sector, Apple (AAPL) shares are up 0.50%, while NVIDIA (NVDA) shares are down 0.08%.

In the consumer goods sector, Walmart (WMT) is up 0.25% and Home Depot (HD) is up 0.62%.

Selective gains among large-cap companies are supporting positive sentiment and may contribute to an inflow of investment capital into US assets, potentially strengthening the dollar.

Russell 2000 catches up with the giants

Among the major US market indices, the Russell 2000 is perhaps the most sensitive to changes in monetary policy and consumer demand in the country.

Therefore, it is not surprising that the US small-cap index exceeded 2300 on Wednesday, adding almost 8% to the lows set on 1 August, compared to 4% for the S&P 500 and 5.5% for the Nasdaq100. The dividing line was a weak labour market report, which brought the question of a Fed rate cut in September back to the table. The inflation report released on Tuesday cemented these expectations, triggering a 4% rally in the Russell 2000 since then.

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🗓 Economic Calendar at 2025/08/14 (GMT)

01:30 🇦🇺 ⚡️ Employment Change — Exp: 25.3K Actual: 24.5K

01:30 🇦🇺 ⚡️ Unemployment Rate — Exp: 4.2% Actual: 4.2%

01:30 🇦🇺 Part-Time Employment Change Actual: 60.5K | -35.9K

06:00 🇬🇧 ⚡️ Gross Domestic Product — Exp: 0.2% | 0.1% Actual: 0.4% | 0.3%

06:00 🇬🇧 ⚡️ Gross Domestic Product — Exp: 0.1% | 1.0% Actual: 0.3% | 1.2%

06:00 🇬🇧 Industrial Production — Exp: 0.2% | -0.3% Actual: 0.7% | 0.2%

06:00 🇬🇧 Manufacturing Production — Exp: 0.5% | -0.9% Actual: 0.5% | 0.0%

06:00 🇬🇧 Goods Trade Balance — Exp: -19.4B Actual: -22.2B

09:00 🇪🇺 Gross Domestic Product — Exp: 0.1% | 1.4% Actual: 0.1% | 1.4%

12:30 🇺🇸 ⚡️ Unemployment Claims — Exp: 225K Actual: 224K

12:30 🇺🇸 Continuing Claims — Exp: 1960K Actual: 1953K

12:30 🇺🇸 Producer Price Index — Exp: 0.2% | 2.5% Actual: 0.9% | 3.3%

12:30 🇺🇸 Core PPI — Exp: 0.2% | 2.9% Actual: 0.9% | 3.7%

22:30 🇳🇿 Business NZ Manufacturing Index

23:50 🇯🇵 ⚡️ Gross Domestic Product — Exp: 0.1% | 0.4%

23:50 🇯🇵 GDP Price Index — Exp: 3.1%


[Updated in real time]

EUR50 Wave Analysis – 13 August 2025

- EUR50 rising inside sideways price

- Likely to reach resistance 5200.00

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Uniswap Wave Analysis – 13 August 2025

- Uniswap under bullish pressure

- Likely to rise to resistance level 13.00

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S&P 500 Wave Analysis – 13 August 2025

S&P 500: ⬆️ Buy

- S&P 500 broke key resistance level 6435.00

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Ebay Wave Analysis – 13 August 2025

- Ebay broke the round resistance level 100.00

- Likely to rise to resistance 105.00

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⚠️ Australia — Employment Change at 03:00 GMT

✔️ Prev: 1.0K

🕒 Exp: 25.3K

🎯 Fact.: 24.5K 📉

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⚠️ Australia — Unemployment Rate at 03:00 GMT

✔️ Prev: 4.3%

🕒 Exp: 4.2%

🎯 Fact.: 4.2%

⚠️ UK — Gross Domestic Product at 03:00 GMT

✔️ Prev: -0.1% | 0.6%

🕒 Exp: 0.2% | 0.1%

🎯 Fact.: 0.4% 📈 | 0.3% 📈

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⚠️ UK — Gross Domestic Product at 03:00 GMT

✔️ Prev: 0.7% | 1.3%

🕒 Exp: 0.1% | 1.0%

🎯 Fact.: 0.3% 📈 | 1.2% 📈

Bitcoin hit new highs but then dropped back down

The crypto market cap rose to $4.20 trillion on Thursday morning before dropping back down somewhat to $4.14 trillion. But even with the correction, the daily gain is close to 2%, led by Bitcoin's slide to a new peak of $124.5K. Among the major coins, Cardano (+18%), Near Protocol (+6.2%) and Trump (+5.9%) were the leaders.

The sentiment index rose to 75, ready to move into the extreme greed zone. It was previously held at this level throughout the second half of July, but the entire crypto market was in a range at that time.

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