While the market had a decent chance for a solid recovery, which we highlighted in our previous crypto market prediction, we are seeing signs that hint at the problematic state of the current rally. However, in the case where Bitcoin breaks through around $115,000, the acceleration would be imminent even on Sept. 12.

Shiba Inu’s bullish approach

Shiba Inu is stabilizing around $0.000013, and it is starting to exhibit technical dominance. SHIB is now taking back key moving averages after months of sideways consolidation and unsuccessful breakout attempts, setting itself up for possible growth in the near future.

SHIB has successfully broken through its 50-day Exponential Moving Average (EMA) on the daily chart, a technical milestone that frequently denotes a change in momentum from bearish to bullish. Throughout SHIB’s downward trend, the 50 EMA has continuously served as resistance, making this move noteworthy. Traders are starting to see this as a structural shift in market sentiment, now that the token is trading above it.

With rising volume and a strengthening Relative Strength Index (RSI), which is currently hovering just below overbought levels, the current price action indicates that SHIB is beginning to form a gradual uptrend. This shows that, although there are no immediate signs of exhaustion, buying interest is growing.

The next resistance levels to keep an eye on, if momentum keeps up, are the 200-day EMA at about $0.000014, and the $0.000015 zone, which has historically been a region with a lot of liquidity.

Looking at it more broadly, SHIB’s dominance is psychological as well as technical. Retaining price stability above the $0.000013 threshold boosts holders’ confidence, which lowers panic-selling and promotes accumulation. Given its ability to withstand market volatility, the token is becoming more and more significant in the meme-coin ecosystem, where it is still vying for market share with Dogecoin.

But caution is still required. Even though the 50 EMA breakthrough is a positive sign, SHIB still has to contend with longer-term resistance lines that might halt its upward trend if market sentiment declines. Investors ought to keep an eye on SHIB’s ability to maintain its position above the 50 EMA and progressively test higher moving averages.

XRP approaches key level

A critical test that could determine XRP’s short-term course is approaching at $3.00. As momentum builds toward a potential breakout attempt within the next day, the asset has been consolidating below a descending trendline. Just below the crucial psychological and technical barrier at $3.00, XRP is currently trading at about $2.99 on the daily chart.

Bullish sentiment has been strengthened by the recent rally, which has been bolstered by robust buying volume and a recovery above the 50-day and 100-day EMAs. The 200-day EMA and the descending resistance trendline, however, are convergent around the $3 area, making it a difficult obstacle to overcome.

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In the short term, if XRP is able to break through $3 with convincing volume, it may lead to a surge of buying momentum that pushes the asset toward $3.30 to $3.50. This would confirm the bullish outlook for the upcoming weeks by clearly reversing the trend from its most recent corrective phase.

But if $3 is not broken, there may be rejection and a decline toward $2.80 or even $2.70, where the 100-day EMA offers support. This situation would prolong the consolidation phase by indicating that bulls are not yet powerful enough to overcome resistance.

The next day is important for investors. Rejection could result in another period of range-bound trading, while a confirmed breakout above $3 would suggest the possible beginning of a larger rally. Increased volume and momentum shifts around the $3 mark are indicators that traders should keep an eye out for, because they will shed light on XRP’s immediate trajectory.

Bitcoin’s steady rise

Bitcoin is stabilizing close to the $114,000 mark, laying the groundwork for what may be a rally toward the much-awaited $150,000 mark.

Bitcoin has successfully surpassed its 50-day Exponential Moving Average (EMA), which is frequently regarded as a turning point for momentum, following weeks of consolidation and testing lower supports. During corrective phases of recent market cycles, the 50 EMA has proven to be a dependable resistance barrier. Bitcoin’s recovery of this level suggests that there may be a change from short-term pessimism to fresh bullish sentiment. Because the 50 EMA breakout has historically preceded robust price recoveries, traders frequently see this as the first confirmation of a structural rebound.

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Buying activity is steadily rising, and volume patterns are supporting the breakout. Although it is still below overbought levels, the Relative Strength Index (RSI) is rising at the same time, suggesting that there is still potential for more upside without any immediate signs of exhaustion. If momentum continues, the next crucial resistance levels are located between $118,000 and $120,000, which is where liquidity has traditionally gathered.

Generally, the market is looking positive, but numerous reversal signals are there, so becoming euphoric too early is certainly not the call here. Staying put at around local resistance and awaiting breakthroughs on altcoins would be the only sign of a continuation at around this level.

The Shiba Inu community continues to gradually diminish the circulating SHIB supply by conducting regular burns. According to fresh data shared by the Shibburn portal, over the past week, a significant portion of these meme coins has been pushed out of circulation for good.

Meanwhile, over the past day, the SHIB price has displayed a mild decline after failing to continue the 1.9% rise on Friday.

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20.3 million SHIB dissolved from supply

In a recent tweet, the aforementioned blockchain tracker revealed that over the past seven days, the Shiba Inu community has managed to dispose of a substantial meme coin batch as 20,311,173 SHIB were transferred to unspendable blockchain addresses.

This helped to drive the weekly burn rate by 43.66%, while the daily one has gone down by 97.15% due to a very small amount of SHIB burned over the past 24 hours. Since last morning, the community has so far managed to burn 69,808 SHIB.

SHIB price crashes following Bitcoin drawdown

In the meantime, the price of the prominent meme-themed asset, SHIB, has dropped mildly, losing 1.67% today. This price decline was likely triggered by Bitcoin’s drawdown as BTC sharply fell by 2.4% on Friday, losing the $113,250 mark and landing at $110,560. It has been moving in that price range so far. The decline happened in a single mammoth red candle on an hourly chart.

SHIB’s price fall, also marked by a huge red candle, followed a similar rise of 3.83% as the meme coin strove to surpass the $0.00001248 resistance level. At the time of this writing, SHIB is changing hands at $0.00001225.

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Hassan Shittu

Journalist

Hassan Shittu

About Author

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in…

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August 21, 2025

Brazil is moving toward creating a $19 billion Bitcoin strategic reserve termed RESBit, following a public hearing held on August 20. The session, led by the Chamber of Deputies’ Economic Development Commission in Brasília, brought together lawmakers, economists, and digital asset experts to discuss Bill 4501/24, which proposes using Bitcoin to modernize Brazil’s treasury management and strengthen its position in the global digital economy.

If approved, Brazil would join the ranks of El Salvador, the U.S., China, the EU, and Dubai in exploring government-backed Bitcoin holdings, signaling a major step in adopting digital assets as part of national economic planning.

$19B Bitcoin Reserve as Treasury Hedge Against Dollar As RESBit Faces Multi-Committee Scrutiny

The initiative, authored by Deputy Eros Biondini (PL-MG) and brought forward for debate by Deputy Luiz Philippe de Orleans e Bragança (PL), envisions a Bitcoin reserve worth $18.6 to $19 billion.

The plan frames Bitcoin as a “digital commodity” comparable to gold, with the goal of diversifying Brazil’s financial reserves, hedging against currency volatility, and insulating the economy from geopolitical shocks.

Under the proposal, the Central Bank of Brazil and the Ministry of Finance would oversee custody and management of the assets, publishing biannual reports on performance, risk exposure, and strategic impact. Supporters argue this transparency could strengthen trust in the initiative and anchor it within broader fiscal stability measures.

Lawmakers pointed to international examples, including El Salvador’s adoption of Bitcoin as legal tender and pilot reserve initiatives in the U.S. and Asia, to frame RESBit as part of a global push to integrate cryptocurrencies into sovereign balance sheets.

Proponents described Bitcoin as a safeguard against monetary inflation and dollar hegemony, suggesting that the digital reserve could reinforce Brazil’s long-term financial sovereignty.

Industry experts invited to the hearing, including Diego Kolling of Méliuz and Julia Rosim of ABcripto and Bitso, acknowledged Bitcoin’s scarcity and decentralization as potential long-term benefits but cautioned lawmakers on its well-known volatility and security risks.

They stressed that custody frameworks, liquidity management, and cybersecurity protections would be crucial to prevent fiscal exposure.

Notably, the bill faces an extensive multi-committee review before reaching the full Chamber for a vote.

It must clear four powerful bodies — the Economic Development Commission, the Science, Technology, and Innovation Committee, the Finance and Taxation Committee, and the Constitution, Justice, and Citizenship Committee — before advancing to the Senate. Each stage provides opportunities for technical adjustments and political negotiation.

Critics at the session warned of broader fiscal implications, arguing that diverting nearly $19 billion into Bitcoin could restrict funding for infrastructure and social programs while exposing public finances to sudden swings in crypto markets.

Others flagged transparency and accountability as potential weak points, noting the need for robust reporting and oversight if the reserve moves forward.

Latin America’s Bitcoin Momentum: Brazil to Join the Sovereign Reserve Movement

Brazil’s proposed RESBit initiative positions the country at the forefront of Latin America’s crypto drive, joining a growing list of nations eyeing strategic Bitcoin reserves. Notably, Brazil already leads the region in both trading volume and adoption, ranking 10th worldwide in Chainalysis’ 2024 Geography of Crypto report.

Brazilian tax authority data revealed nearly $76 billion in crypto transactions last year, indicating the scale of integration across its economy.

Lawmakers described RESBit as a crucial step to harness this momentum, with the Central Bank and Finance Ministry tasked with biannual performance and risk reports to ensure oversight and alignment with financial policy.

Beyond Brazil, several other nations have already moved to integrate Bitcoin at the sovereign level. El Salvador remains the flagship case of sovereign Bitcoin adoption, making it legal tender in 2021. Retail use has since plunged from 25.7% in 2021 to just 8.1% in 2024, but the government has continued to buy the dip.

At the time of writing, its holdings stand at 6,275 BTC, worth around $710 million, giving it sizable unrealized gains and reaffirming its role as a crypto pioneer.

Argentina and Venezuela have also turned to Bitcoin and stablecoins to offset inflation and bypass dollar shortages, signaling a broader regional tilt.

In the U.S., Bitcoin has entered state coffers through criminal seizures, making the country the largest known holder with nearly 198,000 BTC as of July 2025. China follows closely with about 194,000 BTC, most of it tied to the PlusToken Ponzi scheme but reportedly sold.

While neither has adopted Bitcoin as legal tender, their large holdings show a shift in how major economies view the asset: less as speculation, more as a strategic reserve.

After the brief surge that followed the Ripple lawsuit’s conclusion, traders say momentum quickly faded. Bitcoin slid to around $114,000, and with it, XRP touched $2.94.

That dip dragged the token under $3 once again, sparking fresh arguments between those who see a buying chance and those who remain skeptical.

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Analyst Frames Dip As Opportunity

According to comments from Coach JV, a well-known XRP advocate, the return to sub-$3 levels should be seen as a chance to buy.

He called XRP under $3 “a massive blessing.” He told followers that most people panic when prices fall, while patient investors buy slowly over time. He used a farming image to make the point:

People tend to buy at harvest, he said, but the smart money buys when the field looks empty. This message sits alongside data showing XRP has been more bearish since the post-lawsuit spike.

XRP under $3 is a massive blessing. Most people panic when prices are low, but this is where wealth is built. You already know the game, accumulation in sideways markets is what sets up generational wealth when the cycle turns.

Think of it like farmland. Everyone wants to buy…

— Coach, JV (@Coachjv_) August 18, 2025

A Split Within The Community

Not everyone agrees with that view. One commentator argued that XRP at $500 — not $3 — would be the real blessing. Coach JV pushed back, saying that if an extreme rally ever arrives, the payoff will go to those who held through the down days and kept adding to their positions.

He has also used the phrase “unimaginable wealth” to describe what long-term holders might see. Reports note that most XRP holders own fewer than 500 tokens, which helps explain why many retail investors focus on the idea of transformative returns.

Technical Indicators Paint A Cautionary Picture

According to current XRP price predictions, the token is expected to dip by 0.75% to about $2.87 by September 19, 2025. Based on technical readings, market sentiment is listed as Neutral and the Fear & Greed Index registers 44 (Fear).

Over the last 30 days XRP recorded 12/30 green days — that’s 40% — with price volatility at 4.80%. Those numbers suggest movement, but not runaway momentum, and they help explain the mixed tone among traders.

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XRP’s $3 Line: Buying Opportunity Or Warning Sign?

Meanwhile, short-term traders will watch price action around $3 for signs of follow-through, while longer-term backers point to accumulation as a strategy.

According to the voices quoted in the market, patience and steady buying are the path some choose. Other market participants say tempering expectations with clear math is wise.

Either way, the debate over whether a dip is a blessing or a warning is likely to continue as XRP finds its footing after recent volatility.

Featured image from Meta, chart from TradingView

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Billionaire investor Ken Griffin is placing a major bet on a company that’s far outperformed expectations this year.

According to a filing with the U.S. Securities and Exchange Commission (SEC), Griffin’s hedge fund Citadel has acquired 3,824,329 shares of NioCorp Developments Ltd (NB), a company advancing critical minerals development in the United States.

NioCorp’s flagship project in Nebraska aims to produce rare earth minerals like niobium, scandium and titanium.

Citadel’s holdings of NB represent 5.4% of its total portfolio, and 5.2% of the total outstanding shares.

NB, with a market cap of just $229 million, is trading at $3.16 after opening the year at $1.41 in January – a gain of 124% so far.

Citadel’s positioning in the company appears to underscore a focus on the energy sector, given its recent win on Chevron’s $53 billion takeover of competitor Hess Corporation.

Citadel Advisors, Adage Capital and HBK Investments were part of a group of investors betting on the acquisition as part of a merger arbitrage strategy, which involves betting on the outcome of a merger or acquisition, typically by taking long and/or short positions in the stocks of the companies involved.

Citadel and HBK each had the equivalent of $1 billion in shares, according to the firms’ latest filings, says Bloomberg.

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Shiba Inu is displaying early indications of resilience in the face of recent bearish pressure, which could stop it from falling further and adding a zero to its price. SHIB has landed close to the $0.00001200 level, a crucial support area that aligns with multiple short-term technical zones and historical horizontal support following a pullback from the $0.00001500 region.

The most noteworthy finding is that SHIB has started to bounce from the zone of $0.00001200, possibly forming a local bottom. Wicks reject further declines, indicating a stabilization pattern in the price action. Additionally, the RSI is rebounding from the oversold threshold, which is hovering around 39 and traditionally indicates that selling momentum has run its course.

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Technically, the 100 and 200 EMAs are in the vicinity of $0.00001330 and $0.00001430, respectively. These are significant resistance zones, but they could also be target areas if the bounce stabilizes. Breaking back above the 50 EMA ($0.00001315), which would indicate a return of bullish control, is currently necessary for a short-term recovery.

Since the volume is neutral, there isn’t a panic sell-off going on. Although there has been a recent decline in long-term large transaction volume, which indicates weak whale activity, the price structure itself is still intact within a larger consolidation pattern. All things considered, Shiba Inu is still far from its speculative peak, but it would be premature to add another zero to its price at this time.

Momentum to return to mid-July levels around $0.00001500 could be generated by a brief recovery from current levels. One step at a time, bulls must retake the EMAs in order for that to occur.

Bitcoin not giving up

The recent decline in Bitcoin from its local peak of $123,000 has brought it to an inflection point, which is the $112,000 mark. This zone is important not only because of previous price action but also because it intersects with the 50-day exponential moving average (EMA), which has historically been a dynamic support in bullish trends even though the price is currently bouncing off this level.

Following a clear breakout from the June consolidation zone of $105,000-$107,000, Bitcoin surged to a new local high of $123,000. With decreasing volume suggesting waning momentum, the subsequent correction was anticipated. But since the RSI is still above 44, it appears that Bitcoin is still holding steady in the neutral to bullish range and has not yet entered oversold territory.

Given its multifaceted significance, $112,000 is crucial. BTC had been consolidating below it for almost a month, and it is not only the 50 EMA level but also the neckline of the most recent breakout pattern. As a result, traders are naturally looking for a breakdown or a strong bounce at this point. The 50 EMA is holding the price steady thus far. If it broke below, it would probably allow for a reexamination of the 100 EMA at $107,800 or even the 200 EMA, which is slightly above $100,000. But the bullish structure is still in place as long as Bitcoin has $112,000 in it.

The line that divides a deeper correction from a short-term bullish continuation is in essence $112,000, it is more than just a number. Maintaining this level could strengthen a push toward the $120,000+ range. Losing it could cause Bitcoin to enter a longer cooldown period. Both traders and investors ought to keep a close eye on it.

Ethereum’s movement capacity

The recent decline in Ethereum may not be as dire as it appears. The 26-day exponential moving average (EMA) is a structurally sound level that ETH is currently sitting on after undergoing a healthy correction rather than a collapse after hitting above $3,800. In the past, this level has served as a turning point for continuation trends, and ETH’s capacity to maintain it points to a potential starting point for recovering $4,000.

With its current price of $3,430, ETH is beginning to show indications of slowing its downward momentum. The decline has been adequately cushioned by the green 26 EMA line, and the fact that the market has recovered from that precise area today supports the notion that this could be the local bottom for this correction. Now that the RSI has cooled off from overbought levels, it is in a balanced range around 53, which gives bulls more leeway to push the price higher without going overboard right away.

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Volume indicates that the selling pressure is not increasing. Buyers seem to have stepped in in response to the decline, which is encouraging. A multi-layered safety net in the $2,700-$3,000 range is created below ETH by a group of powerful support zones, which include the 50 EMA ($2,992), 100 EMA ($2,900) and 200 EMA ($2,704).

The $3,950-$4,000 range, which corresponds with earlier local highs from the current rally, is the next reasonable target if ETH can overcome the $3,600 resistance that signals the beginning of the most recent drawdown. The structure is still bullish since market sentiment is largely unchanged and ETH is still significantly above its mid-term trend supports. In summary, Ethereum is still on track to reach $4,000, and the first significant step in confirming that upward trajectory is to hold the 26 EMA.

Bitcoin’s on-chain activity lit up again as Blockstream CEO Adam Back alerted the Bitcoin community to the return of the so-called “Bitfinex whale.” According to Back, this unknown but powerful entity has been accumulating Bitcoin at a staggering rate, purchasing roughly 300 BTC per day over the past 48 hours using time-weighted average price (TWAP) buying strategies. He emphasized:

“For context 300btc/day that’s $400/second all day, historically they’ve done this days, weeks continuously and ramped it up too harder too up to 1000btc/day ($1300/second all-day at these prices).”

The Bitfinex whale effect

The sustained appetite of this whale, especially one connected with Bitfinex, is a potentially market-moving signal. Whale accumulation (large buys executed methodically over time) can soak up significant supply, causing upward pressure on price or stabilizing the market during volatility. Such whale behavior has preceded large bullish moves in previous cycles, as well as short-term volatility when whales shift gears or exit positions.

But not everyone sees this as unequivocally bullish. As one of Back’s followers commented:

“That’s not a good thing, as Bitfinex whales buy downtrends and sell uptrends.”

This highlights a long-debated dynamic. Some whales accumulate during market weakness and then distribute (sell) into liquidity during stronger markets, adding both buying support in downturns and potential resistance during rallies.

Whatever your take on the Bitfinex whale, Adam Back is no ordinary observer. As the inventor of Hashcash, a critical Proof-of-Work algorithm referenced in the original Bitcoin whitepaper, Back is seen as one of the founding figures in the crypto space.

He is the CEO and co-founder of Blockstream, a global leader in Bitcoin protocol development and infrastructure. Renowned as a cypherpunk and one of the first to correspond with Bitcoin’s anonymous creator, Satoshi Nakamoto, Back’s market commentary carries outsized weight within the industry.

Will Bitcoin price shake off broader slump?

Earlier today, former BitMEX CEO, Arthur Hayes warned of a global liquidity crunch and expected BTC to test $100,000 in the near term, adjusting his positions accordingly. Can traders expect this to change with the Bitfinex whale back on scene?

On-chain data suggests that when whales accumulate at this scale, it’s typically a sign of strong hands preparing for the next price move, or smart money stepping in to absorb panic selling. With supply on exchanges already at record lows and institutional interest surging, continuous spot buying from traders like the Bitfinex whale could fuel both a relief rally and long-term supply squeeze, especially if sustained over days or weeks.

However, whale accumulation doesn’t guarantee a straight line upward. Recent years have shown that large holders are just as likely to defend support as they are to take profit if the opportunity arises. Traders will be watching closely for signs of a trend reversal or major move.

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