Stellar’s native token XLM came under heavy institutional selling pressure in the latest trading session, falling from $0.39 to $0.36 between August 28 at 3:00 p.m. and August 29 at 2:00 p.m. ET. Market data shows more than 41.89 million XLM changed hands, with volumes surging as large holders reduced exposure.

Despite the pressure, Stellar’s enterprise push remains intact. The Stellar Development Foundation reported the network is approaching 10 million registered accounts, boosted by daily growth of 5,000–6,000 new corporate wallets. Strategic partnerships with MoneyGram International and Circle Internet Financial continue to drive adoption of Stellar’s payment rails in cross-border finance.

Analysts highlighted sharp intraday swings on August 29, when XLM dropped 1.38% between 1:26 p.m. and 2:06 p.m., before institutional buyers reentered the market. The token recovered 1.27% during the 15-minute window that followed, closing the session at $0.361 after briefly touching $0.357.

A spokesperson close to Stellar’s corporate strategy stressed that the market turbulence was sentiment-driven rather than a reflection of business fundamentals. The late-session bounce suggested some large buyers viewed the decline as a buying opportunity, underscoring confidence in Stellar’s long-term role in blockchain-based financial infrastructure.

Technical Market Indicators Signal Mixed Corporate Sentiment

• XLM posted a 7.74% decline from $0.39 to $0.36 during the August 28-29 trading period.
• Daily trading range reached $0.031 between session high of $0.387 and low of $0.356.
• Peak selling activity occurred during morning European trading hours on August 29 with volume exceeding the 24-hour average of 41.89 million units.
• Technical resistance established near $0.373 level as institutional buyers remained cautious.
• Support levels identified at $0.375 and $0.362, with the lower threshold showing stability during final trading hours.
• Elevated trading volume during the decline indicates potential institutional accumulation strategies.
• Intraday price range of $0.005 during the final 60-minute trading period demonstrates continued market interest.
• Support at $0.357 attracted institutional buying interest before session close.
• Final hour recovery of 1.27% on volume exceeding 2 million units suggests corporate treasury departments may be accumulating positions.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

The money-market fund industry is booming as the Federal Reserve holds interest rates steady.

Bloomberg, citing info from Crane Data LLC, reports that the amount of capital invested in the money-market industry has now soared to a record $7.4 trillion, with $320 billion pouring into the funds in 2025 so far.

Money-market funds are financial instruments that allow people to invest in lower-risk and short-term debt securities, including US Treasuries.

Deborah Cunningham, chief investment officer for global liquidity markets at Federated Hermes, tells Bloomberg that the Federal Reserve’s ongoing monetary policy choices suggest the money market industry could continue to grow and easily stretch to $7.5 trillion in assets this year.

“Five-percent-plus rates were nirvana, four-percent-plus is still very good – and if we dip down into the high threes, that’s quite acceptable as well.”

The Federal Open Market Committee (FOMC) announced last week that it planned to maintain the target range for the federal funds rate at 4.25-4.5%, arguing that it was the most suitable level to achieve both maximum employment and controlled inflation. The Fed has held interest rates steady since December, when it cut the rate by 0.25%.

Michael Bird, senior fund manager at Allspring Global Investments, tells Bloomberg that it’s “not surprising” that asset levels in the money-market sector have grown.

“Even if the Fed picks up its easing campaign this year, rates will still be relatively high…”

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

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.

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.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

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.

Generated Image: Midjourney

Ethereum continues to demonstrate strength, holding firm above key support levels and outperforming much of the crypto market despite growing macroeconomic uncertainty. Since its April lows, ETH has more than doubled in value, gaining over 100%, and shows no signs of slowing down. While many assets have faced heavy selling pressure amid volatility in global markets, Ethereum remains resilient, showing consistent buying interest and maintaining its upward trajectory.

Related Reading

Top analyst Carl Runefelt shared a bullish perspective, noting that Ethereum price stays strong on the daily timeframe. According to Runefelt, if Bitcoin starts moving sideways, Ethereum could seize the opportunity to break out of its current consolidation triangle and lead the next phase of the market rally. His analysis highlights the unique positioning ETH holds at the moment—not only as the second-largest cryptocurrency but also as a potential driver of the next altseason.

With ETH holding above $2,600 and approaching key resistance zones, market participants are watching closely. A decisive breakout could ignite widespread momentum across altcoins and mark the beginning of a new phase in the current bull cycle. Ethereum’s performance continues to solidify its role as the foundation of the broader digital asset space.

Ethereum At A Pivotal Range: Bulls Eye Breakout

Ethereum is currently trading within a tight consolidation range that many investors view as the staging ground for its next major move. After a significant rally that saw ETH gain over 100% since April, the asset is now testing key resistance levels, particularly around $2,650–$2,700. Despite recent macroeconomic tensions, including rising US Treasury yields and persistent geopolitical risks, Ethereum continues to show strength, with bulls holding the line above critical support.

Runefelt recently emphasized that Ethereum “refuses to dump on the daily timeframe,” a signal of underlying bullish resilience. His analysis suggests that if Bitcoin begins to move sideways, Ethereum could break out of its consolidation triangle to the upside, potentially sparking the beginning of a long-awaited altseason.

From a technical perspective, the consolidation appears constructive. The price has formed higher lows since April and remains above all major moving averages on key timeframes. The $2,300 level is emerging as a strong base, while the bullish target sits at $3,100 if resistance is cleared.

Related Reading

Runefelt’s bullish and bearish scenarios—$3,100 on the upside and $2,300 on the downside—underline the importance of the current range. As trading volume compresses and volatility brews, Ethereum looks ready for a decisive move. Should the breakout occur, it could not only lead ETH to new cycle highs but also ignite broader confidence across the altcoin market.

ETH Price Analysis – Daily Chart Overview

Ethereum (ETH) is currently trading at $2,616, hovering just below the 200-day simple moving average (SMA), which sits around $2,679. This level has acted as a consistent resistance zone over the past few weeks, with ETH failing to close decisively above it. Despite several intraday moves above $2,650, the price has yet to confirm a breakout.

Looking at the broader structure, ETH remains in a consolidation range between $2,480 and $2,700 after posting an impressive rally from its April lows near $1,800. The 34-day EMA ($2,406) and the cluster of shorter-term SMAs are trending upwards, indicating that medium-term momentum still favors the bulls.

Related Reading

Volume has been relatively stable but unremarkable, suggesting a lack of strong conviction from either side. A clean daily close above $2,700 could confirm a breakout and potentially open the door for a move toward $3,000. On the downside, if ETH fails to hold the $2,480 support zone, we could see a pullback to retest the 100-day SMA near $2,065.

Featured image from Dall-E, chart from TradingView

The president of the Federal Reserve Bank of Minneapolis says the US is currently facing a heightened recession risk.

In a new interview with CNBC, Minneapolis Fed leader Neel Kashkari says he’s been having concerning discussions with small and big businesses across his region.

“The most common comment that I get is that they are uncertain about the outlook, so they’re nervous about making new investment decisions. Even businesses have said to me, if they knew where the tariff would ultimately settle, then they could adjust their supply chains around that new environment. 

That all else being equal, they may want to lower tariffs, but wherever they settle, they could adjust to that. But right now, there’s still so much uncertainty as the negotiations are continuing. A lot of businesses are on hold, and if businesses and consumers are on hold, that introduces downside risk for the economy, potentially even recession risk.”

Last week, Kashkari’s fellow Fed President Austan Goolsbee, who leads the Chicago bank, warned that President Donald Trump’s policy choices could lead to an unfavorable economic environment known as stagflation, which is dominated by stagnant economic growth, high inflation and high unemployment.

If the Fed is eventually faced with twin threats of persistent inflation and a weakening economy, Kashkari argues the central bank should prioritize the fight against inflation.

“For me, because inflation in the US and around most countries in the world, most advanced economies… has been elevated for four years, I’m very nervous that eventually inflation expectations might lose their anchor to that 2% target that we have. If inflation had been running at 2% or below for the last four years, I would be more comfortable, quote unquote, looking through this one-time tariff-induced inflation.

But because inflation has been running hot for four years, that makes me nervous, and that makes me want to err towards protecting and defending the inflation anchor of 2%.”

?

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

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.

Generated Image: Midjourney

The president of the Federal Reserve Bank of Chicago says the Fed might have to delay interest rate decisions amid President Donald Trump’s volatile tariff policies.

Chicago Fed leader Austan Goolsbee warns in a new interview with CNBC that Trump’s policy choices could also lead to an unfavorable economic environment known as stagflation, which is dominated by stagnant economic growth, high inflation and high unemployment.

“In the short run, we have to just wait for the dust to come out of the air… Everything’s always on the table, but I feel like the bar, for me, is a little higher for action in any direction while we’re waiting to get some clarity.

And then, over the longer run, if they’re putting in place tariffs that have a stagflationary impact, which is to say a slowed-down output by raising the cost of production, while also raising prices, then that’s the central bank’s worst situation.” 

Goolsbee says the Chicago Fed has been in conversations with business owners in their districts who say they’re hoping for policy consistency.

“The CEO of a construction company said, for them, they’re now in a put-your-pencils-down moment where they just have to wait. If every week or every month or every day, there’s going to be a new major announcement, they just can’t take action until some of those things are resolved.” 

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

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.

Generated Image: Midjourney

BitMEX founder Arthur Hayes says that the crypto market may be gearing up for a 2022-style breakout amid fear, uncertainty and doubt (FUD).

In a new interview with the host of the Crypto Banter YouTube channel Ran Neuner, Hayes says central banks will likely boost money printing to address worsening macroeconomic conditions that could push Bitcoin (BTC) and other crypto assets to much higher valuations.

“I think that the setup is just perfect for a rally in risk assets, just like we saw from the third quarter of 2022 until early 2025. There’s a similar setup today. We have a lot of fear, uncertainty, doubt in the markets, and the monetary authorities, especially in America, cannot handle that, so they’re going to resort to money printing…

This is all about the Treasury. [Former US Treasury Secretary] Janet Yellen printed $2.5 trillion from 2022 to 2025. Bitcoin went up 6x. [US Treasury Secretary Scott] Bessent has to do something similar. And so that’s why April 9th was the bottom, and we’re going to go much higher from here.”

Hayes also predicts that the Bitcoin dominance (BTC.D) metric may soon enter a downward phase after tagging the 70% level, setting alts up to outperform the flagship crypto asset.

BTC.D calculates how much of the crypto market cap belongs to BTC. Bitcoin dominance currently stands at 64.81%.

“I think Bitcoin dominance goes to 70%-ish. Bitcoin goes to the $150,000 level, something around there. And then we start to get the rotation into altcoins.”

Bitcoin is trading for $94,030 at time of writing, down 1.8% in the last 24 hours.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

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.

Generated Image: Midjourney

Arthur Hayes, BitMEX co-founder, believes Bitcoin’s dominance is heading toward 70% as global financial uncertainty deepens.

In an April 7 post on X, Hayes pointed out that risk appetite for altcoins remains subdued because Bitcoin remains the safer bet until the Federal Reserve begins printing money again, a move he sees as inevitable in the face of mounting economic strain.

In light of this, Hayes said he expects Bitcoin’s market share to climb toward 70%, driven by declining confidence in traditional financial systems.

According to CoinMarketCap data, Bitcoin currently commands around 63% of the total crypto market capitalization, its highest share in over four years.

‘Black Monday’

Over the past day, the global stock markets have suffered due to the Donald Trump administration’s imposition of a sweeping 10% tariff on all imports, including much higher rates for key trade partners like China and the EU.

This triggered a panic as significant stock exchanges like Hong Kong posted a 13% drop, its worst day since 1997, while China’s market logged its biggest single-day loss since the 2008 crisis.

Across the Atlantic, US equities haven’t fared any better. According to the Kobeissi Letter, the S&P 500 futures are down 22%, pushing the market deep into bear territory.

The analysts also reported that the US stock market has shed an average of $400 billion per trading day for 32 consecutive days.

Meanwhile, the crypto market hasn’t been spared either. In the past 24 hours alone, over $1.3 billion in crypto positions were liquidated as traders scrambled to protect their portfolios.

Shift to neutral assets

Hayes previously argued that the traditional financial system, long dependent on US dollar dominance, shows signs of stress.

According to him:

“If the US current account deficit is eliminated, then foreigners do not have dollars to buy bonds and stocks. If foreigners have to juice up their own nations’ economies they will sell what they own, US bonds and stocks, to fund their nation-first policies.”

In such a landscape, Hayes sees a growing demand for assets detached from national control.

While gold presents a classic hedge for nations, Hayes believes Bitcoin is even more compelling in a decentralized, distrustful world.

He suggests that this environment could ultimately push BTC towards $1 million as it assumes a more significant role in the evolving global financial system.

Mentioned in this article