The cryptocurrency market has recently seen renewed excitement. The price of Solana (SOL) has surged, continuously breaking through key technical levels. On August 14, SOL’s market capitalization reached $205.79, attracting the attention of crypto enthusiasts worldwide. Furthermore, SOL’s high performance, high throughput, and low-cost network have attracted numerous retail and institutional users to participate in node deployment and staking, earning token rewards.

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The company uses clean energy for mining, significantly reducing mining costs. This allows more crypto enthusiasts, as well as distributed and team miners, to participate in mining, thus reducing the need to purchase and maintain equipment and paying direct energy costs.

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Summarize:

With the continuous development of blockchain technology, the combination of cloud mining and SOL ecosystem investments is increasingly demonstrating its potential and returns. Analysts at SIX MINING recommend that investors pay particular attention to platform compliance, revenue model transparency, and fund security, and prefer service providers with mature technology and stable operations. For example, SIX MINING cloud mining also allows retail investors to participate in Solana’s growth dividends without being limited by technical hurdles and equipment costs.

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Analysts are increasingly calling for the start of altseason as Ethereum posts massive gains and a wave of altcoins surges across the market. Over the past days, bullish momentum has pushed many digital assets higher, with price structures showing clear signs of strength. For many traders, this is the moment they’ve been waiting for—the long-anticipated shift where altcoins outperform Bitcoin and deliver outsized returns.

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Ethereum’s recent breakout above key resistance levels has added fuel to the narrative, with large-cap and mid-cap altcoins following in its footsteps. The market’s renewed optimism has sparked speculation that the altseason cycle, where capital rotates from Bitcoin into the broader altcoin market, may already be underway.

However, not all experts are convinced. Some point to Bitcoin’s continued dominance and the fact that most altcoins remain well below their all-time highs as reasons for caution. Historical altseasons have typically seen aggressive outperformance across the board, something the market has yet to fully confirm.

Altseason Still Waiting For Its True Breakout

According to top analyst Darkfost, the much-anticipated altseason hasn’t truly begun. By examining a comparative chart of Bitcoin, large caps (top 20), and mid/small caps, Darkfost notes that the current cycle is showing the weakest altcoin performance so far. While altcoins have made notable moves in recent weeks, their gains still pale in comparison to Bitcoin’s dominant run.

The last instance that resembled a genuine altseason occurred in early 2024, when altcoins—particularly mid- and small-cap projects—outpaced Bitcoin over a short but intense period. That surge marked a clear capital rotation away from BTC into the broader market, delivering outsized returns for altcoin holders. However, the present market conditions suggest that kind of broad-based outperformance has yet to materialize.

Even though Ethereum has broken above multi-year highs and several altcoins are posting impressive gains, the rally appears selective rather than widespread. Large caps are recovering steadily, but mid- and small-cap coins—often the hallmark of an explosive altseason—are still lagging. This disparity suggests that institutional and retail capital remains concentrated in more established assets.

For a confirmed altseason, analysts will be watching for a sustained breakout in mid- and small-cap performance relative to BTC. Until that shift occurs, the current market may be better described as a strong altcoin rally within Bitcoin’s dominant phase rather than the start of a full-scale altseason.

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Altcoin Market Nears Key Resistance

The Total Crypto Market Cap excluding Bitcoin (TOTAL2) is showing strong bullish momentum, currently sitting at $1.57 trillion after a sharp 13.21% weekly surge. This rally brings the market close to retesting its 2025 highs around the $1.6 trillion level, a critical resistance zone that has capped altcoin gains in previous attempts.

The chart reveals that the market has been in a sustained uptrend since early 2024, with price action consistently holding above the 50-week moving average (blue line) and maintaining bullish structure. Both the 100-week (green) and 200-week (red) moving averages are trending higher, reinforcing long-term support and signaling healthy market conditions.

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If the breakout occurs, TOTAL2 could target the previous all-time high zone near $1.75–$1.8 trillion, marking a potential acceleration in capital rotation from Bitcoin into altcoins. Conversely, failure to clear this resistance could lead to a short-term pullback toward $1.4 trillion support, which aligns with the 50-week MA. The coming weeks will be crucial for determining whether altseason truly ignites.

Featured image from Dall-E, chart from TradingView

A rumor is rapidly spreading among crypto investors that the US government may have quietly sold off nearly 170,000 BTC, leaving a fraction of its assumed holdings intact. The speculation began after the US Marshals Service, in response to a FOIA request, revealed that it currently holds only 28,988 BTC valued at approximately $3.4 billion. 

Many crypto investors took this disclosure to mean that the federal government’s total Bitcoin reserves had declined from the long-assumed figure of around 200,000 BTC. The claim was amplified across the social media platform X, where even some public figures reacted to what appears to be a massive strategic sell-off by the US government.

FOIA Request Misinterpreted

The confusion of the US government selling the majority of its Bitcoin holdings appears to stem from misinterpretations of the specific holdings of the US Marshals Service with those of the entire federal government. The FOIA request that sparked the debate was submitted by journalist L0la L33tz, and it accurately reflects that the Marshals control just under 29,000 BTC. However, this only accounts for the Bitcoin under the custody of that particular agency.

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On-chain data from blockchain analytics firm Arkham Intelligence provides a very different picture. According to Arkham, the US government as a whole still holds approximately 198,000 BTC, worth over $23.46 billion at the current price of Bitcoin. These coins are distributed across various federal agencies and are not limited to the Marshals’ holdings. Nevertheless, the misrepresentation took hold quickly. 

Even US Senator Cynthia Lummis, who is a well-known advocate of Bitcoin, responded to the rumor, saying, “I’m alarmed by reports that the U.S. has sold off over 80% of its Bitcoin reserves, leaving just ~29,000 coins. If true, this is a total strategic blunder and sets the United States back years in the bitcoin race.”

What If the US Quietly Sold 170,000 BTC?

The repercussions on the broader crypto market would be immense if the US government had indeed sold off 170,000 BTC in secret. A sale of that scale would unleash massive selling pressure and cause a strong drop in the price of Bitcoin. This would erode confidence among investors in the wider crypto market and set off a chain reaction of liquidations across other cryptocurrencies. Such a move would not only cause technical breakdowns in price structure but also cancel out the possibility of governments around the world holding crypto as a form of strategic reserve.

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Moreover, such a dump would directly contradict the federal policy direction set earlier this year. In March, President Donald Trump signed an executive order instructing all federal agencies to transfer their Bitcoin and digital asset holdings to the US Treasury. The order formalized the creation of a Bitcoin reserve, which was meant to recognize the cryptocurrency as a national asset. In light of that policy, the notion that the US would quietly sell off the majority of its Bitcoin holdings seems highly improbable under the current Trump administration.

At the time of writing, Bitcoin is trading at $118,360.

Featured image from Pixabay, chart from Tradingview.com

A new survey of central banks suggests growing skepticism about the future of the US dollar and its role in the global economy.

Analysts from the Official Monetary and Financial Institutions Forum (OMFIF) – an independent think tank organization concerned with central banking, economic policy and public investment – say there is a global shift away from the dollar and into other currencies, primarily the euro and the renminbi.

In the 2025 edition of its Global Public Investor report, which surveys 75 central banks around the world, OMFIF says there are clearly “growing questions over the dollar’s dominance in portfolios and public investors are seeking safe-haven assets.”

The survey notes that lately, euros have outshined dollars and among emerging markets, the renminbi has surfaced as a new favorite.

“The dollar is the only currency where net demand has fallen among central banks this year. This is
attributable to rising concerns about the US political environment, highlighted by 70% of respondents,
up from 31% last year, as well as geopolitics and US fiscal risks. The caution extends to global public funds – more than half think that US market exceptionalism will end.”

However, OMFIF notes that the dollar’s reserve currency status is not yet under threat, given that 80% of central banks surveyed said that the dollar still provides safety and liquidity, and that the “vast majority” expect the greenback to constitute over 50% of global reserves over the next decade.

Rather than a rapid “de-dollarization,” central banks are anticipating a “gradual currency diversification,” according to the report.

As to what’s driving the move away from the dollar, according to the survey, the US political environment under the Trump administration is “directly leading to doubts about the dollar.”

“This factor was selected by 70% of respondents as a discouraging factor for investing in dollar assets, more than double from a year ago. Linked to the recent political shift is the move towards trade protection and broader geopolitical uncertainty – which 60% flagged as an issue, up from 32% last year. Concerns about the fiscal outlook have also increased, with one central bank in Europe mentioning, ‘we are mindful of potential risks stemming from US fiscal imbalances’.”

Read the full report here.

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Generated Image: Midjourney

Financial titans Bank of America and Goldman Sachs are reportedly unveiling their gold price targets amid rising geopolitical risks.

Bank of America sees gold going up to $4,000 an ounce over the next 12 months, a gain of more than 17% from the current level, reports Reuters.

Meanwhile, Goldman Sachs expects the precious metal to surge to $3,700 by the end of this year, lifted by strong demand from central banks. The firm also sees gold soaring to $4,000 by June 2026.

Gold is trading at $3,395 at time of writing, up about 30% year-to-date. The precious metal is slightly down from the all-time high of $3,500 reached in April.

Daniel Pavilonis, a senior market strategist at the brokerage firm RJO Futures, tells Reuters that escalating fears of a broader Middle East conflict are pushing gold prices higher.

“Israel knocking out Iranian targets is causing a little bit of geopolitical scare in the market. Prices will stay elevated in the anticipation of what is to come, the retaliation by Iran.”

On Friday, Israel fired airstrikes at Iran, killing a number of the Islamic Republic’s senior military personnel and destroying strategic military targets. The value of gold surged following the breakout of the conflict before giving up most of its gains on Monday.

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Kevin, a technical analyst known in X as @kev_capital_ta, highlights what he describes as “low at the exact level he’s been paying attention to for the past few months.” In a post accompanying the chart, the charter pointed to the confluence of a macro 38.2 percent Fibonacci retracement, from the 2021 history high to the low yield last year and the depth of the bare market to the long-term fall resistance line that has served as support. Before rebounding to the current 0.18 region, the spot price is $0.138 – the numerical position of that 0.382 retracement.

Possible paths for Dogecoin

Kevin argues that images of higher time frame momentum are beginning to change. “Weekly RSI has reached an exact level of low since returning to the depths of the bare market.

At the same time, the one-week odd RSI already produces bullish crossovers, while the two-week crossover is “pending”.

From a risk-reward perspective, Kevin argues that asymmetry remains compelling. “As I said a few weeks ago, Doge’s risk reward rate was incredible as your drawbacks were minimal and the benefits were greater,” he said. A member of his Patreon community revealed that he “gets a considerable number of entries at 0.15 cents and has a stop loss set at Break.” In his view, the only component missing is tail wind from macroeconomic data. “To continue the momentum, positive macro data is needed and drives the process.”

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The chart shows a set of overhead Fibonacci extensions and retracement levels that map potential resistance zones when the rebound matures to trend inversion. The first and closest is a 50% retracement of $0.19039. It matches the bottom of the broken trend line and becomes the next technical gatekeeper.

More than that, a 61.8% retracement sitting at around $0.26216 marks a golden threshold that often distinguishes itself from a corrective rise. The 65% level minor cluster that appears on Kevin’s chart at $0.28522 represents a mid-range hurdle before attacking a 78.6% retreat, with prices around $0.41339.

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If Dogecoin regains its zone, a 100% full retracement of nearly $0.73839 will restore the entire previous decline, while a shaded violet band over $1 indicates an expansion area that officially guides price discovery.

Important Factors

Kevin’s framework is not limited to the Doge pair itself. In another post, he set the short-term Bitcoin dominance (BTC.D) target at 65.45%, identifying it as “macro.786 FIB.” He expects that level will impose resistance on the metric, creating a window that “have the opportunity to receive bids” in the meantime. In the case of Dogecoin Bulls, the BTC share stall in the Crypto market could rerout liquidity towards the Meme-Asset Complex when the technical background is constructive.

Despite recent bounces, Kevin emphasizes that neither Bitcoin nor the wider altcoin basket has entered a parabolic stage comparable to previous cycles. “BTC or Altcoins have never moved to the parabolic stage,” he wrote, attributed Muted Slope to “a lack of liquidity leading to lower monetary policy and social risk.”

Analysts believe the dynamic changes are warning that timetables are being stretched by what they call “a mistake by central banks and governments after the pandemic” as “global liquidity begins to rise and monetary policy begins to ease.”

For now, Memocoin, which began as a joke, remains connected to macro conversations. The base of the momentum reset synchronized with the 0.382 FIB provides a technical springboard, but Kevin’s paper and Dogecoin’s path to higher FIB targets such as $0.26, $0.41 rely on a wider cycle that offers more wider cycles than ever before.

At the time of pressing, Doge traded for $0.175.

Featured images created with dall.e, charts on tradingview.com