Strong inflows into U.S.-listed Bitcoin exchange-traded funds (ETFs).

Bitcoin prices rose during Monday’s trading, extending gains for the second consecutive day and continuing to set new all-time highs, with trading above the $120,000 level for the first time in history.

This surge comes amid strong inflows into U.S.-based Bitcoin ETFs, and a strong demand from institutional investors, and supportive policies from the administration of U.S. President Donald Trump toward cryptocurrencies.

Price Overview

 • Bitcoin Price Today: On the Bitstamp exchange, the price of Bitcoin rose by $2,308, or 1.94%, to reach $121,448, marking a new all-time high. It opened today’s trading at $119,140, with the lowest level recorded at $118,972.

 • The settlement on Bitstampt exchange on Sunday, Bitcoin prices closed Sunday with a 1.4% gain in the fifth increase in the past six days, amid record demand for the leading cryptocurrency.

 • The world’s largest digital currency “Bitcoin” recorded a 9% gain last week, marking its third consecutive weekly rise.

Cryptocurrency Market Capitalization

The total cryptocurrency market capitalization rose by over $20 billion on Monday to reach $3.818 trillion, the highest level since December 2024, driven by Bitcoin’s record-breaking rally and rising Ethereum prices.

Strong Inflows into Exchange-Traded Funds

Bitcoin exchange-traded funds (ETFs) added approximately $1.03 billion on Friday on the final session of the week. This marked the seventh consecutive day of new inflows into these U.S.-listed products, bringing the total to around $3.735 billion.

On Thursday, July 10, these ETFs recorded their largest daily inflow of 2025, with a value of $1.18 billion.

Bullish Catalysts

Joshua Chu, Co-Chair of the Hong Kong Web3 Association, stated that Bitcoin’s new record highs are being driven by continued institutional accumulation, as major players are taking advantage of limited supply and draining liquidity from exchanges.

In March, President Donald Trump signed an executive order to establish a strategic reserve of cryptocurrencies. He also appointed several crypto-friendly figures, including Paul Atkins as Chairman of the Securities and Exchange Commission, and David Sacks as the White House’s AI Czar.

The U.S. Congress is nearing the approval of new legislation to regulate digital currencies in the United States.

Trump family companies

Trump family businesses have made a strong entry into the world of cryptocurrencies. Trump Media & Technology Group (DJT.O) is reportedly planning to launch a cryptocurrency-focused exchange-traded fund (ETF) to invest in multiple digital assets, including Bitcoin, according to a filing submitted to the U.S. Securities and Exchange Commission (SEC) last Tuesday.

Copper price continues calm sideways trading in the last period, attempting to gather extra positive momentum to reinforce the continuation of the positivity that depends on the stability above the support level at $5.3200.

Therefore, we will keep our bullish expectation of the target $5.4700 level, reaching the next main target at $6.0400, while the trading below the support will force the price to provide some bearish correctional trading to target $5.1500 and $4.9800 level before any attempt to record any of the extra targets.

The expected trading range for today is between $5.3500 and $5.7200

Trend forecast: Bullish

• Silver retreats from $39.12 peak but maintains bullish long-term structure.
• RSI remains elevated, suggesting buyers still have technical control.
• Break below $37.31 may trigger deeper correction toward $36.69 and $36.00.

Silver price forms a ‘shooting star’ candle chart pattern amid a day in which precious metals were pressured as traders priced in initial risk-off sentiment. However, they faded the move, amid fears that the White House might backpedal, as they could reach trade agreements with Canada, the EU, and Mexico ahead of the August 1 deadline. The XAG/USD trades at 38.14, down 0.66%.

XAG/USD Price Forecast: Technical outlook

The grey metal is upward biased, despite falling below the $39.00 figure after reaching multi-year highs at $39.12. The Relative Strength Index (RSI) depicts that buyers are still in control, even though XAG/USD dipped toward $38.00.

For a bullish continuation, Silver traders need to push prices back above $38.50 and test the $39.00 figure. A breach of the latter would pave the way to refresh yearly highs.

Conversely, if Silver tumbles below the June 18 high of $37.31, expect further downside and a possible test of the 20-day Simple Moving Average (SMA) at $36.69. On further weakness, the $36.00 figure is up next.

XAG/USD Price Chart – Daily

The GBPJPY pair continued to provide mixed trading within the bullish channel’s levels, approaching from the correctional target at 197.85, affected by stochastic negativity that fluctuates below 50 level as appears in the above image.

Reminding you that the bullish scenario will remain valid unless the price settles above the extra barrier at 198.80, increasing the chances for reaching 197.85 and 197.40, while the price success to breach the barrier will open the way towards recording several gains that might begin at 199.60 and 200.35.

The expected trading range for today is between 197.85 and 199.00

Trend forecast: Fluctuated within the bullish track

Strong inflows into U.S.-listed Bitcoin exchange-traded funds (ETFs).

Bitcoin prices rose during Monday’s trading, extending gains for the second consecutive day and continuing to set new all-time highs, with trading above the $120,000 level for the first time in history.

This surge comes amid strong inflows into U.S.-based Bitcoin ETFs, and a strong demand from institutional investors, and supportive policies from the administration of U.S. President Donald Trump toward cryptocurrencies.

Price Overview

 • Bitcoin Price Today: On the Bitstamp exchange, the price of Bitcoin rose by $2,308, or 1.94%, to reach $121,448, marking a new all-time high. It opened today’s trading at $119,140, with the lowest level recorded at $118,972.

 • The settlement on Bitstampt exchange on Sunday, Bitcoin prices closed Sunday with a 1.4% gain in the fifth increase in the past six days, amid record demand for the leading cryptocurrency.

 • The world’s largest digital currency “Bitcoin” recorded a 9% gain last week, marking its third consecutive weekly rise.

Cryptocurrency Market Capitalization

The total cryptocurrency market capitalization rose by over $20 billion on Monday to reach $3.818 trillion, the highest level since December 2024, driven by Bitcoin’s record-breaking rally and rising Ethereum prices.

Strong Inflows into Exchange-Traded Funds

Bitcoin exchange-traded funds (ETFs) added approximately $1.03 billion on Friday on the final session of the week. This marked the seventh consecutive day of new inflows into these U.S.-listed products, bringing the total to around $3.735 billion.

On Thursday, July 10, these ETFs recorded their largest daily inflow of 2025, with a value of $1.18 billion.

Bullish Catalysts

Joshua Chu, Co-Chair of the Hong Kong Web3 Association, stated that Bitcoin’s new record highs are being driven by continued institutional accumulation, as major players are taking advantage of limited supply and draining liquidity from exchanges.

In March, President Donald Trump signed an executive order to establish a strategic reserve of cryptocurrencies. He also appointed several crypto-friendly figures, including Paul Atkins as Chairman of the Securities and Exchange Commission, and David Sacks as the White House’s AI Czar.

The U.S. Congress is nearing the approval of new legislation to regulate digital currencies in the United States.

Trump family companies

Trump family businesses have made a strong entry into the world of cryptocurrencies. Trump Media & Technology Group (DJT.O) is reportedly planning to launch a cryptocurrency-focused exchange-traded fund (ETF) to invest in multiple digital assets, including Bitcoin, according to a filing submitted to the U.S. Securities and Exchange Commission (SEC) last Tuesday.

Strong inflows into U.S.-listed Bitcoin exchange-traded funds (ETFs).

Bitcoin prices rose during Monday’s trading, extending gains for the second consecutive day and continuing to set new all-time highs, with trading above the $120,000 level for the first time in history.

This surge comes amid strong inflows into U.S.-based Bitcoin ETFs, and a strong demand from institutional investors, and supportive policies from the administration of U.S. President Donald Trump toward cryptocurrencies.

Price Overview

 • Bitcoin Price Today: On the Bitstamp exchange, the price of Bitcoin rose by $2,308, or 1.94%, to reach $121,448, marking a new all-time high. It opened today’s trading at $119,140, with the lowest level recorded at $118,972.

 • The settlement on Bitstampt exchange on Sunday, Bitcoin prices closed Sunday with a 1.4% gain in the fifth increase in the past six days, amid record demand for the leading cryptocurrency.

 • The world’s largest digital currency “Bitcoin” recorded a 9% gain last week, marking its third consecutive weekly rise.

Cryptocurrency Market Capitalization

The total cryptocurrency market capitalization rose by over $20 billion on Monday to reach $3.818 trillion, the highest level since December 2024, driven by Bitcoin’s record-breaking rally and rising Ethereum prices.

Strong Inflows into Exchange-Traded Funds

Bitcoin exchange-traded funds (ETFs) added approximately $1.03 billion on Friday on the final session of the week. This marked the seventh consecutive day of new inflows into these U.S.-listed products, bringing the total to around $3.735 billion.

On Thursday, July 10, these ETFs recorded their largest daily inflow of 2025, with a value of $1.18 billion.

Bullish Catalysts

Joshua Chu, Co-Chair of the Hong Kong Web3 Association, stated that Bitcoin’s new record highs are being driven by continued institutional accumulation, as major players are taking advantage of limited supply and draining liquidity from exchanges.

In March, President Donald Trump signed an executive order to establish a strategic reserve of cryptocurrencies. He also appointed several crypto-friendly figures, including Paul Atkins as Chairman of the Securities and Exchange Commission, and David Sacks as the White House’s AI Czar.

The U.S. Congress is nearing the approval of new legislation to regulate digital currencies in the United States.

Trump family companies

Trump family businesses have made a strong entry into the world of cryptocurrencies. Trump Media & Technology Group (DJT.O) is reportedly planning to launch a cryptocurrency-focused exchange-traded fund (ETF) to invest in multiple digital assets, including Bitcoin, according to a filing submitted to the U.S. Securities and Exchange Commission (SEC) last Tuesday.

Strong inflows into U.S.-listed Bitcoin exchange-traded funds (ETFs).

Bitcoin prices rose during Monday’s trading, extending gains for the second consecutive day and continuing to set new all-time highs, with trading above the $120,000 level for the first time in history.

This surge comes amid strong inflows into U.S.-based Bitcoin ETFs, and a strong demand from institutional investors, and supportive policies from the administration of U.S. President Donald Trump toward cryptocurrencies.

Price Overview

 • Bitcoin Price Today: On the Bitstamp exchange, the price of Bitcoin rose by $2,308, or 1.94%, to reach $121,448, marking a new all-time high. It opened today’s trading at $119,140, with the lowest level recorded at $118,972.

 • The settlement on Bitstampt exchange on Sunday, Bitcoin prices closed Sunday with a 1.4% gain in the fifth increase in the past six days, amid record demand for the leading cryptocurrency.

 • The world’s largest digital currency “Bitcoin” recorded a 9% gain last week, marking its third consecutive weekly rise.

Cryptocurrency Market Capitalization

The total cryptocurrency market capitalization rose by over $20 billion on Monday to reach $3.818 trillion, the highest level since December 2024, driven by Bitcoin’s record-breaking rally and rising Ethereum prices.

Strong Inflows into Exchange-Traded Funds

Bitcoin exchange-traded funds (ETFs) added approximately $1.03 billion on Friday on the final session of the week. This marked the seventh consecutive day of new inflows into these U.S.-listed products, bringing the total to around $3.735 billion.

On Thursday, July 10, these ETFs recorded their largest daily inflow of 2025, with a value of $1.18 billion.

Bullish Catalysts

Joshua Chu, Co-Chair of the Hong Kong Web3 Association, stated that Bitcoin’s new record highs are being driven by continued institutional accumulation, as major players are taking advantage of limited supply and draining liquidity from exchanges.

In March, President Donald Trump signed an executive order to establish a strategic reserve of cryptocurrencies. He also appointed several crypto-friendly figures, including Paul Atkins as Chairman of the Securities and Exchange Commission, and David Sacks as the White House’s AI Czar.

The U.S. Congress is nearing the approval of new legislation to regulate digital currencies in the United States.

Trump family companies

Trump family businesses have made a strong entry into the world of cryptocurrencies. Trump Media & Technology Group (DJT.O) is reportedly planning to launch a cryptocurrency-focused exchange-traded fund (ETF) to invest in multiple digital assets, including Bitcoin, according to a filing submitted to the U.S. Securities and Exchange Commission (SEC) last Tuesday.

XAU/USD Positioned for Historic Bull Continuation as Central Banks Dominate Demand

$3,322–$3,369 Support Zone Holds as Bullish Pennant Formation Builds Toward $3,578

Gold (XAU/USD) has entered a critical structural consolidation above $3,300, carving out a textbook bull pennant on the daily chart. Friday’s advance to $3,369 broke the convergence of both the 50-Day and 20-Day MAs and cleared the previous swing high of $3,366, signaling strength. Price remains pinned in the top quarter of its intraday range, implying underlying bullish control. The next technical trigger sits at $3,435, and a confirmed close above that opens the path toward $3,578, the ABCD pattern extension from the mid-May low. An even more aggressive upside exists at $3,603, representing the 127.2% Fibonacci extension from the April downswing.

With both Silver and Bitcoin breaking fresh highs this week, gold’s current consolidation reflects a delayed—but not denied—reaction. The $3,250–$3,267 zone remains a key line of defense, having held firm in late May and June. Any pullback into this zone, especially with ascending triangle support at $3,322, should be seen as an opportunity—not a warning.

Central Bank Accumulation at Record Levels Reinforces Structural Bull Thesis

The long-term rally in XAU/USD has been underpinned by aggressive central bank accumulation. Since Q3 2022, gold has more than doubled, surpassing $3,300/oz, fueled by central banks buying over 1,000 tonnes annually—a dramatic increase from the 400–500 tonne average in the prior decade. The World Gold Council (WGC) confirms this shift is not cyclical but structural, with 95% of central banks surveyed expecting reserves to increase over the next 12 months. Notably, none anticipate a decrease.

This trend is politically anchored. Amid wars in Ukraine and Gaza, erratic U.S. tariff policy under Trump, and financial sanctions crippling nations like Russia and Iran, gold’s value as a sanctions-proof reserve has risen dramatically. As fiat debasement and dollar weaponization expand, gold has become the go-to hedge for monetary sovereignty.

Retail Jewellery Demand Collapses Under Price Shock, Confirms Institutional Dominance

Retail markets tell the other side of the demand story. In Pakistan, gold prices have surged 2.5x in three years, forcing consumers to rent imitation jewellery for weddings—an unthinkable practice historically. The WGC confirms that jewellery demand has collapsed sharply amid record-high prices. This signals a decisive transfer of gold’s price control from retail to sovereign and institutional hands. It’s no longer a trinket—it’s a macroeconomic weapon.

Emerging Economies Drive Sovereign Gold Buildup, Dollar Exposure in Decline

Among the most aggressive buyers are China, Türkiye, Poland, and India. China, the largest buyer, is diversifying away from U.S. dollar exposure—a strategy reinforced by Russia’s reserve asset freeze. Middle Eastern states such as Qatar, UAE, and Oman have also joined the shift, adding hundreds of tonnes since 2022. These countries are no longer accumulating gold for currency pegs—they are shielding national wealth from U.S. financial dominance. Poland directly cited geopolitical resilience and war proximity as drivers of its surge in bullion holdings.

This is not merely reserve diversification—it’s a declaration of independence. Central banks are turning gold into a sovereignty anchor, bypassing SWIFT exposure and creating settlement buffers for sanctions-agnostic trade.

Inflation Hedge Narrative Returns as Fiat Confidence Wanes

After decades of dollar supremacy, the monetary pendulum is swinging. Since 2020, pandemic-driven inflation and geopolitical instability have reignited confidence in gold’s historical role. Central banks are reacting to fiat dilution and currency politicization by turning to gold as the ultimate hard asset—immune to default, dilution, or geopolitical blackmail.

This is evident in XAU/USD’s steady grind upward despite resistance in other asset classes. With inflation still eating into purchasing power and real yields failing to offset risk, gold remains the singular unlevered safe haven.

Bullish Continuation or Deeper Digestion? $3,435–$3,451 Levels Hold the Answer

Technically, the structure remains bullish as long as price holds above $3,250. An ascending triangle suggests buildup toward another leg up. Bulls have successfully defended each pullback since the $3,149–$3,167 retest. The 20-Day MA and 50-Day MA are now both rising and intersecting with trendline support, increasing odds of a momentum continuation breakout.

A clean break above $3,435, then $3,451, would validate the pennant and potentially accelerate gains toward $3,578, then $3,603. Failure to breach those levels doesn’t collapse the setup but may trigger another support test around $3,250 or $3,200. A sustained breakdown below $3,149 would mark a trend reversal.

XAU/USD Verdict: BULLISH CONTINUATION – BUY ON DIPS

With sovereign accumulation rising, retail competition fading, and technicals aligning for a continuation breakout, the broader thesis for XAU/USD remains decisively bullish. Any retrace into the $3,250–$3,267 region is a strong accumulation zone. A breakout above $3,451 clears the way for $3,578, with $3,603 as the structural target.

Verdict: BUY ON DIPS. Stay long while $3,149 holds. Prepare for breakout above $3,451 toward $3,578 and $3,603. Central banks, not retail, are in charge. This is a strategic regime shift—not a speculative rally.

That’s TradingNEWS

• Gold price drifts higher to near $3,365 in Monday’s early Asian session. 
• Trump’s announcement of new tariffs on the EU and broader tariff threats against other trading partners lifted demand for Gold. 
• Fed’s Goolsbee said the latest tariff threats could delay rate cuts.

The Gold price (XAU/USD) extends its upside to around $3,365 during the early Asian session on Monday. The precious metal edges higher as traders rushed toward the traditional safe-haven assets after US President Donald Trump widened the global trade war with a fresh wave of tariffs.

On Saturday, Trump said that the United States (US) will impose a 30% tariff on goods from the European Union (EU) and Mexico that will take effect on August 1. Trump also announced a 35% duty on Canadian imports and proposed a blanket tariff rate of 15%-20% on other trading partners last week, along with a 50% tariff on copper imports. Concerns over the impact of Trump’s latest tariffs boost the yellow metal as investors seek shelter from trade tensions. 

Additionally, the persistent geopolitical tensions in the Middle East might contribute to the Gold’s upside. Reuters reported that at least eight Palestinians were killed and more than a dozen were wounded while collecting water in central Gaza on Sunday. The Israeli military said the missile had been intended to hit an Islamic Jihad militant in the area but that a malfunction had caused it to fall “dozens of metres from the target”. Steve Witkoff, Trump’s Middle East envoy, stated on Sunday that he was “hopeful” about the Gaza ceasefire discussions that were taking place in Qatar.

On the other hand, the cautious stance of the US Federal Reserve (Fed) might cap the upside for the precious metal. The US central bank is widely anticipated to hold interest rates steady as it waits to see the impact of tariffs on price pressures. Chicago Fed President Austan Goolsbee said that fresh tariffs unveiled by Trump have further muddied the inflation outlook, making it more difficult for him to support the rate cuts that the President has pressed for.

• Silver adds to the previous day’s strong move up and gains traction for the second straight day.
• A move beyond the $37.30-$37.35 area would set the stage for a further near-term appreciation.
• Any corrective pullback might be seen as a buying opportunity and is likely to remain cushioned.

Silver (XAG/USD) trades with a positive bias for the second straight day and tests the top end of a multi-week-old range during the Asian session on Friday. The white metal currently trades around the $37.20 region, up 0.40% for the day.

From a technical perspective, the daily Relative Strength Index (RSI, 14) remains above 50, while the Moving Average Convergence Divergence (MACD) histogram and the signal line are yet to confirm bullish bias. This makes it prudent to wait for some follow-through buying beyond the $37.30-$37.35 region, or the highest since February 2012 touched last month, before placing fresh bullish bets around the XAG/USD.

The subsequent move up would increase the likelihood of additional gains towards the $38.00 round figure. The next relevant hurdle is pegged near the $38.35-$38.40 region, above which the XAG/USD could extend the momentum towards reclaiming the $39.00 mark for the first time since September 2011.

On the flip side, any corrective pullback below the $37.00 round figure could be seen as a buying opportunity and remain limited near the $36.50-$36.45 area. Some follow-through selling could drag the XAG/USD back closer to the $36.00 mark, which, if broken decisively, should pave the way for a slide towards the $35.50-$35.40 horizontal zone, representing the lower boundary of the short-term trading range.

A convincing break below the latter might then shift the near-term bias back in favor of bearish traders. The XAG/USD might then accelerate the fall towards the $35.00 psychological mark en route to $34.75 intermediate support before eventually dropping to the $34.45 region.

Silver daily chart