Crypto analyst XForce revealed that Dogecoin Price It beats local highs following a $0.3 level of landfill. In line with this, he predicted that the meme coins could gather at the new All-Time High (ATH) and reach one psychological level.

Dogecoin Price Eyes 300% Rally to $1, breaking beyond local highs

in xPostXforce predicted that Dogecoin’s priced rallies can be recorded at a psychological level of one level. This came just as he noticed that Doge just broke on Previous Regional High After climbing over $0.3 on the weekend. Based on this, analysts declared that one dollar is still programmed for meme coins.

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Xforce admitted there’s a pullback along the way, but expects Dogecoin’s price to reach this one level in the end. Analysts also turned their attention to alternative ideas that could lead Doge to double-digit prices if continued as a strong impulse. His accompanying chart showed it Meme coins may be collected Up to $18.

Dogecoin prices rose over the weekend Rex-Soprey Doge ETFthis will be the first fund to provide institutional investors with exposure to first meme coins. It offers a bullish outlook for Memecoin and believes it can inject new fluidity into its ecosystem.

Additionally, the Fed plans to cut this week’s first rate this year. FOMC Meetingwhich could also be bullish on Dogecoin’s price as it increases risk-on sentiment. During this recent rally, Crypto analysts Mikybull Crypto has also been declared Meme coins reach $1 in this cycle. Meanwhile, Crypto analysts Ali Martinez pointed out That Doge can raise the next leg to $0.45 before integrating a bit around these levels.

Analysts issue Doge warnings

in xPostCrypto analyst Credibull Crypto issued a warning about Dogecoin prices, noting that it is currently in monthly supply. He said it more The doge has not eruptedthen technically, just retest the previous failure point.

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Credibull Crypto has been bullish on the Dogecoin price and said that the best time to jump into Longs is before this recent rally. Now he believes this is the time to be more cautious as it is the place where Doge is most likely to face rejection. Record the lower rank If the bottom is not yet in place. It could also cause memecoin to crash if Fed rate reductions and Doge ETF launches turn out to be “selling news” events.

At the time of writing, Dogecoin’s price is trading at around $0.28, down more than 2% over the past 24 hours. data From CoinMarketCap.

ISTOCK featured images, charts on tradingView.com

The crypto market succumbed to a substantial amount of bear pressure that began on Thursday, August 28th, with most of the big assets falling to a new low on Friday, August 29th.

Naturally, the latest data suggests that this latest price drop, seen across the digital asset market, may have been predicted. This conclusion is based on recent cryptographic activity at Google, the world’s largest search engine.

Is Crypto Bull Cycle over?

In a post on August 29th on social media platform X, Alphractal founder and CEO Joao Wedson revealed that crypto-related searches on Google have been surged to new highs recently. This recent surge in Google searches suggests that Bitcoin and the broader crypto market may have reached a new local top, according to on-chain data experts.

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This revelation is based on the Google Trends chart. This allows investors to assess the social engagement of a variety of crypto-related topics on search engines. As shown in the chart below, metrics compare a variety of subjects, including cryptocurrencies, Bitcoin, altcoin, centralized exchange, and data aggregation platforms.

As observed in the highlighted chart, Google Trends metrics have recently witnessed a significant surge, suggesting an increase in public attention across multiple crypto topics. According to Wedson, this type of spike has historically coincided with whales entering the market to sell while “everyone is obsessed.”

Furthermore, cryptocurrency markets have often shown a trend in the past to move in the opposite direction of crowds. These trends explain the price drops seen by most digital assets in the past few days as the market appears to have reached the new local top.

However, Wedson pointed out that other on-chain signals say the market slump, led by the latest well-being, does not necessarily spell the end of the current bull cycle. “Look back to BTC hitting $124K. Euphoria peaked online, whales actively sold, and we’ve been shortened,” the founder of Alfractal added.

Wedson then advised investors to take caution when Euphoria hits the crypto market, as it could suggest that Euphoria is imminent from the local top. Analysts at Crypto said a better strategy is to exit the market wisely at a higher price and then re-enter at a cheaper rate.

The total crypto market capitalization is $3.7 trillion

At the time of writing, Crypto’s total market capitalization was just above $3.7 trillion, reflecting a nearly 4% decline over the past day. Over $142 billion has been released from the crypto market in the last 24 hours, according to TradingView data.

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ShutterStock featured images, TradingView charts

Companies and non-sovereign issuers in the Asia-Pacific region have been hawking bonds at a record rate as investors look to move away from US dollar assets, according to a new Bloomberg report.

Non-sovereign issuers are non-federal bond issuers like local and regional governments and public agencies.

Bloomberg reports that Asia-Pacific companies and non-sovereign issuers have sold $1.5 trillion in local-currency bonds year-to-date, a record in that time frame. The sales represent a 6% increase.

Daniel Tan, a portfolio manager for global emerging markets at Grasshopper Asset Management, tells Bloomberg the number of bond buyers has surged in the second quarter of the year. 

“We are definitely seeing more buyers of local-currency Asian bonds than in pre-April. There are large inflows from pension and sovereign wealth funds looking to diversify away from US dollar assets.”

US President Donald Trump kicked off his wave of tariffs in April, spurring macroeconomic uncertainty.

Angus Hui, the deputy chief investment officer at the Singapore-based investment firm Fullerton Fund Management, tells Bloomberg that “diversification into broader Asian local currency markets is likely to accelerate.”

The Bloomberg Asia-Pacific Aggregate index, a multi-currency benchmark based on Asia-Pacific investment-grade bonds, has beaten the US-based bond metric, gaining 3.9% year-to-date compared to 3.5%, respectively.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

About Author

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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Last updated: 

July 20, 2025

Bitcoin’s recent peak at $123,100 has triggered warnings of a potential local top as on-chain metrics signal overextension.

The cryptocurrency quickly retraced 6% to around $115,700 after hitting the all-time high, with advanced NVT signals crossing above historical red deviation bands that typically coincide with cycle peaks.

The current bull market’s largest pullback remains only 23.48%, well below previous cycle corrections of 30-80%, indicating the underlying trend structure remains healthy despite short-term overextension signals.

Technical analysis reveals that Bitcoin is consolidating within a symmetrical triangle pattern, with support between $116,000 and $117,000 and descending resistance around $120,000.

Triangle Consolidation Tests $125,000 Breakout

Bitcoin’s 4-hour chart indicates consolidation within a symmetrical triangle pattern, with the apex approaching around $117,837.

The formation creates compression between descending resistance and ascending support at $116,000-$117,000, building energy for eventual directional resolution.

This coiling effect typically precedes a significant expansion of volatility.

A bullish breakout above the red trendline would likely trigger a move toward $125,000, representing approximately a 6% upside from current levels.

Conversely, a breakdown below the green support level could drive prices toward $111,000, marking a roughly 6% downside risk.

The symmetrical nature suggests neither bulls nor bears have gained decisive control.

Multiple-layered support zones provide cushioning for potential declines, with institutional buying historically emerging at these levels.

The eventual breakout direction becomes crucial for determining near-term momentum and validating either continuation or correction scenarios.

Global Liquidity Cycle Enters Distribution Phase

According to Merlijn The Trader, Bitcoin’s correlation with the global M2 money supply reveals that the cryptocurrency has transitioned into “Distribution” territory from its previous “Accumulation” and “Manipulation” phases.

This macro framework suggests that while liquidity expansion continues supporting Bitcoin’s advance, explosive gains may become more measured and volatile as the cycle matures.

Complex Fibonacci analysis has also projected Bitcoin’s cycle peak timing toward October, suggesting a more extended timeline than immediate parabolic acceleration.

The $133,665 – $151,539 resistance zone represents ultimate targets, but the path involves multiple consolidation phases rather than linear advance.

Current levels around $117,000-$118,000 correspond to substantial volume clusters where institutional accumulation and distribution have occurred.

This technical congestion creates multiple layers of support and resistance that require patience to navigate effectively during the Distribution phase.

Best Wallet: Final Opportunity to Secure $BEST Tokens

Best Wallet’s $BEST token presale is approaching its final phase, offering one last chance for investors to secure positions before the allocation is sold out permanently.

The token offers reduced fees, early access to presales, and staking rewards, which are perks rare in projects.

$BEST token holders unlock multiple revenue streams through the expanding ecosystem.

Reduced trading fees and priority access to new project launches become increasingly valuable as Bitcoin approaches cycle peaks and altcoin opportunities multiply.

The token’s utility extends beyond basic wallet functions. Best Wallet’s version 2.5.1 introduced full Bitcoin support alongside 60+ blockchain compatibility, providing secure non-custodial storage during uncertain market periods.

Integration with the Rubic exchange aggregator enables optimal swap rates across 200+ DEXs, which is essential for portfolio rebalancing as Bitcoin tests key resistance levels.

The platform’s upcoming crypto-backed debit cards and advanced trading tools position users for the next phase of the cycle.

With Bitcoin potentially reaching $125,000+ or facing $111,000 correction risks, having exposure to both secure storage infrastructure and the underlying $BEST token creates diversified opportunities.

The presale’s limited remaining allocation and approaching completion create a final window for early adopter advantages.

With deepening our investment in Latin America, we deploy local currency funds in Argentina and Mexico, two of the region’s most active crypto markets. This extension reflects our continued commitment to building trustworthy, compliant, localized infrastructure to support crypto adoption around the world.

These new integrations allow clients from both countries to deposit their local currencies (ARS and MXN) through reliable domestic payment methods, providing faster and simpler access to Kraken’s full suite of Crypto services.

Furthermore, within Argentina, Kraken is now officially registered as a virtual asset service provider (VASP) with Argentina’s Comisiónnacional de Valores (CNV), ensuring that it can operate in full compliance with local regulations.

Local funding, global access

By enabling local rails, Kraken eliminates one of the most persistent friction points for crypto users across LATAM. The challenge is to efficiently and safely convert local currency into digital assets. Deposits created through these new payment methods will be automatically converted to USD at competitive, transparent FX rates, reducing the need for international wire or third-party apps.

This upgrade will provide international clients with a seamless, end-to-end experience built on speed, security and trust.

“Argentina and Mexico are one of the most active and resilient crypto communities in the world,” said Mark Greenberg, global consumer director at Kraken. “The local railroads and clarity of regulations make Kraken uniquely positioned to enable clients from both countries to access the global crypto economy with confidence, security and ease.”

The momentum of the code across Ratum

Each of these markets highlights a different dimension of the growing importance of Crypto in this region.

• Argentina: With inflation rates exceeding 200% in 2023, crypto, especially stubcoin, has become an important tool for Argentina to save money and send money.
• Mexico: Mexico, a regional powerhouse for cryptocurrency, is at the forefront of blockchain innovation, dollar-controlled demand and retail adoption.

These markets represent millions of current and future crypto clients who need localized tools to fully participate in the ecosystem.

Local experience backed by our global standards

Our Argentine and Mexican clients benefit from:

• Local currency funds through reliable domestic payment railways
• Automatic USD conversion at competitive transparent rates
• Access to over 350 digital assets
• Industry-leading security and global liquidity
• Multilingual support for 24/7
• Localized product experiences and educational content

This expansion reflects a broader strategy in the region. It combines global infrastructure with local relevance to provide the confidence and tools to effectively navigate the crypto economy wherever your clients are.

Long term building

With these launches, Kraken is positioned himself for his long-term impact in Latin America. Product upgrades aren’t the only way to revitalize local payment rails and the clarity of regulations provided by Argentina’s CNV VASP registration. They are strategic milestones that strengthen Kraken’s commitment to financial inclusion, responsible innovation and client empowerment in one of the most promising regions in crypto.

Kraken will continue to expand its presence across Latin America with the same values ​​that have led security, transparency and trust since 2011.

Let’s start today kraken.com And trade with confidence on your terms.

Norway is reportedly planning to introduce a temporary ban on the development of new data centres linked to crypto mining, Reuters reported on June 20.

According to the report, the government is expected to implement the restrictions before the end of the year, citing environmental and energy concerns.

The government says the aim is to preserve electricity for more productive uses.

Karianne Tung, Norway’s Minister for Digitalization and Public Administration, said authorities want to reduce crypto mining activity as much as possible. She added that these operations offer limited economic benefit, bringing in few jobs or tax revenue, despite consuming large volumes of energy.

Meanwhile, this stance puts Norway at odds with a growing number of countries turning to Bitcoin mining to utilize surplus energy and boost national income.

Notably, countries like El Salvador, Belarus, and Pakistan have embraced state-backed mining programs, which support local economies, help stabilize energy grids, and lower electricity costs for citizens.

Norwegian firm embraces Bitcoin

While the government is pushing back against mining, Norwegian companies are deepening their involvement in Bitcoin.

Data from Nordics Bitcoin reveals that Aker ASA, a major industrial holding company, currently holds 754 BTC, valued at over $80 million, making it the country’s largest corporate holder of the asset.

Crypto-focused firm K33 has also increased its accumulation, acquiring 25 BTC this year and signaling plans to increase its holdings to 1,000 BTC.

Meanwhile, the Norwegian Block Exchange recently purchased 6 BTC and expects to expand its reserve to 10 BTC by the end of June as part of an exploratory initiative.

These moves suggest that Bitcoin continues to gain traction as a treasury asset among Norwegian firms despite the political headwinds.

The corporate interest aligns with a global trend that has seen the top crypto become a prominent player in the international financial system.

Mentioned in this article

The Bitcoin price is slipping into a critical area following a decline in the previous buying pressure. Many traders and investors in the crypto market wonder if the top crypto will recover as confidence in a new Bull Market barely show signs of a recovery.

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Bitcoin price trends to the downside on the daily chart. Source: BTCUSDT on Tradingview

Top Bitcoin Pundit: Watch Out For This Level

According to Daan Crypto, a senior crypto analyst, the Bitcoin price has weakened due to changes in the macroeconomic arena. In that sense, the analyst believes bull must hold the levels above $99,000 or they risk a bigger decline into the monthly lows sitting at around $90,000, as seen in the chart below.

Some of the elements affecting the Bitcoin price on the macro side include a good Consumer Price Index (CPI) print from the US, and a ‘good deal’ between this country and Chinese representatives. These news indicate decline in inflation and potentially an end to trade war between the two giants, respectively. However, the analysis noted:

At this point I’m fairly certain that if price breaks either the current monthly high or low, that it will keep trending that direction for the rest of June (and possible beyond). Eyes on those levels.

Still quite a volatile and headline driven market currently(…). So markets down on good news is always something to note. Just one day for now but good to be aware of.

James Wynn Makes Key Warning – Manipulation in the Bitcoin Price?

On similar news, James Wynn, a crypto trader that recently gained notoriety by leveraging millions of dollars to bet on the Bitcoin price, believes the selling pressure will rise on the short timeframe.

Wynn has been alerting its X followers on the alleged manipulation of the crypto market by big players. These massive investors, according to the crypto trader, target key levels and push Bitcoin towards them to hunt for liquidity in detriment of retail users.

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This time Wynn claims ‘Market Makers’ might push the Bitcoin price down to the $106,000 area. However, the trader believes the downtrend will be short advising his followers of an imminent rebound. Wynn stated via X:

Hold onto your seats fellas. The MM’s are gonna try and push $BTC to around $106.8k to take out some over leveraged longs (not me). I learned the hard way.

Buy the dip or sit on your hands. It’ll be over quick. Time is ticking. New ATHs around the corner. Don’t be shaken.

Whether the downtrend will persist or if prices recover in the short term remains to be seen, but current price action suggests an imminent spike in volatility.

Cover image by ChatGPT, BTC/USDT chart from Tradingview

The state of Connecticut is barring itself and its local governments from being able to invest in digital assets.

Connecticut has passed House Bill 7082, which bans state and local governments from being able to invest in crypto assets as well as accept them as payments starting October.

“(Effective October 1, 2025) Neither the state nor any political subdivision of the state shall (1) accept or require payment in the form of virtual currency for an amount due to the state or the political subdivision, or (2) purchase, hold, invest in or establish a reserve of virtual currency.”

The bill also prohibits the state from establishing a crypto strategic reserve, a concept already signed off on by President Donald Trump at the federal level.

Though the number of bills attempting to follow the Federal government’s footsteps to establish a strategic Bitcoin (BTC) reserve has risen to 31, Connecticut joins a handful of states that have rejected the idea in one way or another, including Montana, Wyoming, South Dakota, North Dakota, Oklahoma, Arizona, Utah, Florida and Pennsylvania.

House Bill 7082 – which received bipartisan support – was voted on by the State’s Congress on May 30th and received 148 votes in favor and zero votes against it from the House of Representatives and 36 votes in favor and zero votes against it from the Senate, according to state records.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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