Forex & Cryptocurrency Breaking News

Bitcoin surprises with upside volatility in line with gold, but the risk of a return to test $100,000 is on the cards “in the coming days,” a trader warns. Key points:Bitcoin moves in step with gold, rising toward $112,000 as gold hits new all-time highs.BTC price action has yet to confirm a reversal, say commentators, with the risk of a $100,000 dip still real.Read more

Tokenized equities have not been without controversy as global regulators and stock exchanges have pushed back against this new use of blockchain technology. XStocks, a tokenized stock product owned by Backed Finance, is launching on Ethereum with about 60 tokenized stocks, including NVIDIA, Amazon, Tesla, Meta and Walmart, according to an announcement on Tuesday. Before its debut on Ethereum, xStocks had launched on Solana, BNB Chain and Tron. Behind the platform is Backed Finance, a real-world asset (RWA) tokenization company that has been partnering with crypto exchanges, including Kraken and Bybit, to host its product.“Ethereum is one of the world’s most widely adopted smart contract networks — and xStocks were built to meet users where they already are,” a Kraken representative told Cointelegraph.Read more

The partnership allows US investors to hold vaulted gold in self-directed IRAs, providing exposure to regulated DeFi strategies. Gold-backed IRA provider SmartGold is moving $1.6 billion of vaulted assets onchain through a partnership with tokenization platform Chintai Nexus, potentially opening the door to tokenized gold investments through self-directed US Individual Retirement Accounts (IRAs).Each gold token is backed one-for-one with physical bullion and can be deployed as collateral across decentralized finance (DeFi) lending protocols, the companies said Tuesday.The structure works by having investors purchase and store vaulted gold through a SmartGold self-directed IRA. Chintai then tokenizes the holdings, issuing digital representations tied directly to the physical asset.Read more

Goldman Sachs bumped up their GDP forecast to 1.7% but the Atlanta Fed has lowered its tracker to 3.0% from 3.5%.After this morning’s releases from the US Census Bureau and the Institute for Supply Management, the nowcasts for third-quarter real personal consumption expenditures growth and real gross private domestic investment growth declined from 2.3 percent and 6.1 percent, respectively, to 1.7 percent and 5.3 percent. These declines were partially offset by an increase in the nowcast of the contribution of inventory investment to third-quarter real GDP growth from 0.59 percentage points to 0.69 percentage points. This article was written by Adam Button at investinglive.com.

Goldman Sachs has boosted its Q3 US GDP tracker to 1.7% from 1.6%. Economist at Goldman write:The ISM manufacturing index increased by less than expected in August. The composition of the report was mixed, with increases in the new orders and employment components but a decline in the production component. The S&P Global manufacturing PMI was revised down in the August final reading. Nominal construction spending decreased in July, in line with consensus expectations, implying a 0.5% (month-on-month, seasonally adjusted) decline in real terms. The details of the construction spending report were slightly stronger than our previous GDP tracking assumptions. We boosted our Q3 GDP tracking estimate by 0.1pp to +1.7% (quarter-over-quarter annualized) and our Q3 domestic final sales estimate by the same amount to +0.7%.We’re still a long ways from a real print on Q3 but there will be some meaningful swings in expectations this week with ISM services…

A snapshot of the closing levels shows:STOXX 600 -1.5%German DAX -2.2%France’s CAC -0.7%UK’s FTSE 100 -0.8%Spain’s IBEX -1.5%Italy’s FTSE MIB -1.6%The bigger development was in the bond market, where 30-year gilts earlier hit 5.75%, which is the highest since 1998. This article was written by Adam Button at investinglive.com.

XRP is trading below $3 after repeated rejections above $2.8 in the past 24 hours. A new chart analysis from crypto MadWhale shows the pressure building inside a descending channel that might push the XRP price down to $2.4. However, what stands out in his analysis is not just the price target; it’s the bigger question of whether XRP is starting to behave like a meme coin that is being controlled by crowd psychology and whale activity. XRP’s Psychological Cycle That Resembles Meme Coins In his analysis, which was posted on the TradingView platform, crypto analyst MadWhale outlined the repeating psychological cycle that often dominates meme coin markets and suggested that XRP may not be immune from it.  Related Reading: Analyst Says XRP Price Is Yet To Hit Its First Bearish Target – Details The cycle begins with excitement, where social media buzz generates hype, followed by greed as traders…

Bitcoin is facing renewed volatility after losing the $110,000 level just a few days ago, a breakdown that has fueled uncertainty across the market. Bulls are attempting to reclaim this crucial support, but fear of a deeper correction continues to weigh heavily on sentiment. With every failed rebound, traders are left questioning whether this pullback is simply a pause within the broader uptrend or the beginning of a larger downtrend. Related Reading: Ethereum Demand Stays Strong As Exchange Reserves Keep Falling – Details Crypto analyst Darkfost has shared new data providing context for the current environment. Since Bitcoin’s most recent all-time high near $123,000, the asset has retraced by roughly -12%. According to Darkfost, this move remains well within the boundaries of a normal correction, especially when compared to historical pullbacks in previous bull cycles. Such corrections are often healthy, serving to reset leverage, cool overheated sentiment, and create fresh…

Dogecoin could see its first meaningful turn higher around September 13, according to crypto analyst VisionPulsed, who argues the current drawdown fits a post-halving template in which markets remain weak until roughly 510–511 days after Bitcoin’s supply cut before staging a final run. In a video published on September 1, he told viewers, “I would argue starting around September 13th, the selling may subside… 511 days post halving last cycle, we were already going back up. 511 days post halving the cycle before that we were already going back up.” Dogecoin Pain May End September 13 The analyst frames the present weakness as part of a longer, slower cycle characterized by extended ranges rather than deeper collapses. “Unfortunately, we’re still going down,” he said, adding that in this cycle “the corrections have been longer… every time we go sideways, it’s forever.” He points to historical windows of September weakness—citing September…

Sharplink Gaming has increased its total ether holdings to 837,230, now worth more than $3.6 billion, after purchasing 39,008 ETH in the last week of August. ETH Holdings for Sharplink Crosses $3 Billion Mark SharpLink Gaming (Nasdaq: SBET), one of the largest corporate holders of ether, has further expanded its ETH treasury, underscoring its aggressive […]

Underdog and Crypto.com/Derivatives North America (CDNA) have partnered to offer federally regulated sports event contracts to U.S. customers through the Underdog app. CFTC-Regulated Sports Event Contracts Now Offered on Underdog The agreement makes CDNA’s prediction market contracts available within Underdog’s platform. These contracts allow users to trade on the outcomes of professional and college sports […]

Bitcoin is trading at $109,549 to $109,939 over the last hour as of Sept. 2, 2025, with a market capitalization of $2.18 trillion. Over the past 24 hours, the cryptocurrency has seen a trading volume of $39.53 billion and ranged between $107,542 and $110,641, signaling active but indecisive market behavior near critical support and resistance […]

The GBP/USD price analysis indicates escalating concerns about the UK’s fiscal health. The UK 30-year yield rose to its highest point since May 1998. The US will release its non-farm payrolls report on Friday, providing an update on the state of the labor market. The GBP/USD price analysis indicates escalating concerns about the UK’s fiscal… The post GBP/USD Price Analysis: Gilts Weighed Down by Fiscal Concerns appeared first on Forex Crunch.

The EUR/USD outlook suggests a rebound in the dollar after it ended August down. The dollar recovered as traders anticipated crucial US employment data.  Isabel Schnabel said rates should remain steady. The EUR/USD outlook suggests a rebound in the dollar after it ended August down. The recovery comes ahead of the all-important US nonfarm payrolls… The post EUR/USD Outlook: Dollar Rebounds Ahead of Key US Jobs Data appeared first on Forex Crunch.

The GBP/USD outlook shows the dollar near a five-week low amid bets on a Fed rate cut. The preliminary GDP reading revealed that the US economy expanded by 3.3%. The pound remains vulnerable amid fiscal worries in the UK. The GBP/USD outlook shows the dollar near a 5-week low as traders price a 90% chance… The post GBP/USD Outlook: Dollar Fragile Amid Imminent Fed Cut appeared first on Forex Crunch.