Currency Forecast

Several support levels have faced trials akin to characters in a tragic play, yet the recent resurgence from $4.52 to $4.58 at 13:00 UTC emerged like a phoenix, teasing us with the prospect of stabilization above the hallowed ground of $4.50.

Henrik, who’s always been a bit of a cosmic navigator, is keeping a close eye on the TOTAL chart, which tracks the total market cap of crypto, excluding stablecoins (because, you know, stablecoins are just the boring cousins of the crypto family).

Bitcoin (BTC):

$116,748

24h volatility:
4.6%

Market cap:
$2.32 T

Vol. 24h:
$70.83 B

Our dear Bitcoin has been flouncing around after it reached the glorious $123,000 mark on Monday, much like a fashionably late guest who arrives at a party just as everyone’s leaving. The long-term holders? Well, they’ve been cashing out like it’s a clearance sale. Talk about perfect timing… or perhaps a little too perfect?

So, What’s the US CPI Going to Do? Let’s Get Dramatic:

Ah, June’s Consumer Price Index (CPI) report, that beloved tale of inflationary woe, is expected to show a 0.3% month-over-month increase, sending the annual inflation to a mild 2.7%. Core inflation, however, is expected to rise to 3%, which, let’s be honest, is starting to look a bit like the plot twist of a thriller. Tariff increases on goods are, naturally, playing the villain role here.

But wait—don’t reach for the popcorn just yet! The Federal Reserve, in its infinite wisdom, is likely to leave interest rates unchanged at its July 29 meeting. Still, whispers in the halls of Washington suggest a possible rate cut in September, and everyone’s holding their breath. It’s the financial equivalent of waiting for a sequel to a movie that may never come.

Meanwhile, former US President Trump, ever the drama king, has called for the immediate resignation of Fed Chair Jerome Powell, suggesting an unprecedented 300 basis points rate cut. At this point, we can only wonder if Powell’s been binge-watching “Game of Thrones” for strategy inspiration.

Ah, but inflation doesn’t take vacations. Despite US job growth, inflation remains a stubborn party guest who refuses to leave. And if that wasn’t enough, Trump’s tariffs might just be stirring the pot for a while. Who says finance can’t be as unpredictable as reality TV?

The markets, ever the optimists (or pessimists, depending on the day), are pricing in a mere 50 basis point rate cut for 2025. Will Powell be a hero or just a spectator in this financial opera? Your guess is as good as mine.

Meanwhile, In Japan, Things Are Looking… Less Than Ideal:

Now, on to Japan, where the bond market crisis is evolving into something rather Shakespearean. Japanese treasury yields have surged to an all-time high, with the 30-year government bond yield reaching a dramatic 3.20%. Forget about Netflix, this is the kind of suspense people crave!

Since 2019, Japan’s 30-year bonds have lost nearly 45% of their value. Yes, you read that correctly—almost half. This is not the kind of performance review anyone wants to see on their financial report card.

And as if that weren’t enough to make investors’ hearts skip a beat, the 30-year yield has risen by 100 basis points over the past year, causing severe losses across Japan’s financial institutions. Let’s just say, the bond market is taking a dive like it’s the last scene in a horror movie. Anyone have an umbrella?

Over the last year, Japan’s 30Y bond yield has surged 100 basis points.

This created massive unrealized losses for financial institutions.

Unrealized losses on domestic bonds for 4 of Japan’s largest life insurers QUADRUPLED in 12 months, to a record $60 billion in Q1 2025.

— The Kobeissi Letter (@KobeissiLetter) July 15, 2025

$2,974

24h volatility:
1.7%

Market cap:
$358.77 B

Vol. 24h:
$38.79 B

Solana (SOL):

$159.1

24h volatility:
4.3%

Market cap:
$85.18 B

Vol. 24h:
$10.65 B

XRP:

$2.84

24h volatility:
3.4%

Market cap:
$167.61 B

Vol. 24h:
$11.40 B

Dogecoin (DOGE):

$0.19

24h volatility:
7.7%

Market cap:
$28.62 B

Vol. 24h:
$7.18 B

“XRP, like a peasant rising to nobility, has seen significant price surges, nearing its all-time highs. Analysts, with their crystal balls in hand, predict potential rallies amid favorable market conditions and regulatory developments. Investors, a mix of hopefuls and skeptics, watch XRP’s every move, pondering its place in their crypto portfolios,” – reads the post.

Developer “0xZodomo” was the first to fire back, warning that “a single Discord channel is capable of making sweeping changes to Solana consensus,” and accusing “wolves” of selling centralization as a feature. Lawyer Gabriel Shapiro (@lex_node) couldn’t resist sharpening the satire, dubbing an imaginary one-node chain “gorbagana” and joking that the dumpster fire could be kept alive by a lone hold-out. Ethereum supporter “Etheraider” piled on, noting that Solana has averaged “an outage once every six months for the last four years,” a not-so-subtle nod to the seven documented halts the network has suffered since 2020. 🛠️

BeInCrypto has done the hard work for us and analyzed two other coins to watch, alongside USELESS, as the market continues to send mixed signals. Here’s the lowdown:

But fear not, dear traders! The trading of KAIA tokens, those delightful digital morsels, will remain as unaffected as a cat in a sunny spot, allowing you to buy and sell to your heart’s content. Picture it: the chaos ensues, yet the KAIA tokens frolic merrily, oblivious to the kerfuffle around them. 🐱‍👤💸

In a most theatrical twist of fate, the illustrious Virtual Protocol [VIRTUAL] has plummeted. A veritable 10% drop in value, whilst the greater cryptocurrency realm, in its magnificent nonchalance, merely shed 3.51% after several days of exuberant gains. One can only muse at the absurdity of it all, as elucidated by CoinMarketCap.

In a world where regulators have finally decided to shake hands with DeFi, we find ourselves with Grvt Strategies, a peer-to-peer on-chain investment platform launched with grandiose ambitions. One might say the convergence of traditional finance and DeFi is akin to putting a beret on a capitalist pig. “We aspire,” declared the intrepid Hong Yea, Co-Founder and CEO of Grvt, “to make the growth of one’s wealth as effortless as sending a text or summoning a ride.” Ah! Such lofty sentiments draped in sublime sarcasm! 🚕

And guess what? Satoshi Nakamoto, the mysterious creator of Bitcoin, decided to take a hike and leave us all in the dust! 🏃‍♂️ But don’t worry, we’ve been doing just fine without him! 😉