Week of August 26 - September 1, 2025

Bernstein projects that the current cryptocurrency bull market could last through 2027, fueled by pro-crypto U.S. policies and growing institutional adoption. The firm expects Bitcoin (BTC) to reach USD 150,000–200,000 within a year, while Ethereum (ETH), Solana (SOL), and DeFi tokens lead the altcoin pack.

All Spot Ethereum ETFs in the United States now collectively hold more than 6.3 million ETH, accounting for 5.1% of the total supply, with a combined value of over USD 26.7 billion. In addition, digital asset treasury companies hold more than 2% of the total ETH supply.

Goldman Sachs projects that the global stablecoin market could surge to several trillion U.S. dollars. Currently, the global market value is around USD 271 billion, with Tether’s USDT maintaining the largest market share. They see payment systems as the key driver for long-term growth beyond today’s primary use case of crypto trading.

Meanwhile, according to Reuters, China’s State Council is considering authorizing the use of yuan-backed stablecoins, with plans to promote the yuan’s role in global markets while also regulating its domestic use.

South Korea is preparing to roll out a regulatory framework for won-based stablecoins, with the financial regulator expected to present a draft government bill to the National Assembly by October 2025. President Lee Jae-myung’s policy strongly supports cryptocurrency and has made it a central part of his campaign platform.

Japan’s Financial Services Agency (FSA) is preparing to propose tax law amendments for cryptocurrencies, shifting to a flat 20% tax rate from the current maximum of 55%, as part of preparations to launch crypto ETFs. Furthermore, the FSA plans to propose a 2026 bill to classify digital assets as financial assets rather than merely as a means of payment.

Technical Analysis

Bitcoin (BTC)

BTC surged on Fed rate-cut optimism before pulling back below support. Buying demand quickly reappeared, suggesting a sideways consolidation phase before the next move higher. Watch USD 111,000 as key support, with resistance at USD 118,000 and USD 124,000.

• Support: 3,550,000 THB / 111,000 USD
• Resistance: 4,000,000 THB / 124,000 USD

Ethereum (ETH)

ETH fell less sharply than BTC, keeping its bullish edge. The next upside target is USD 5,200, while USD 4,500 provides a solid support level for accumulation.

• Support: 130,000 THB / 4,500 USD
• Resistance: 170,000 THB / 5,200 USD

Memecoin (MEME)

Memecoin (MEME) delivered an 86.52% return over the past week, with prices surging sharply. It’s advisable to wait for a pullback. The support sits at USD 0.0032 with profit-taking target set at the resistance level of USD 0.0050.

• Support: 0.100 THB / 0.0032 USD
• Resistance: 0.150 THB / 0.0050 USD

Band (BAND)

BAND climbed 42.57% over the past week, with speculative buying driving high volatility. A buy-on-dip strategy above USD 0.35 is favored, with resistance at USD 0.75.

• Support: 30 THB / 0.35 USD
• Resistance: 44 THB / 0.75 USD

Investment Trends

At the Jackson Hole symposium, the Fed signaled a likely 0.25% rate cut in September, boosting crypto sentiment before profit-taking set in. With macro pressure easing, Bitcoin looks supported, but Ethereum is showing stronger relative momentum reflected in the Bitcoin Dominance Index breaking its uptrend.

This Thursday’s Q2 GDP forecast (expected 3% growth) could further support markets if confirmed. Looking ahead, September has historically been a weak month for crypto and equities, often followed by Q4 rebounds.

Investment Strategy: Long-term investors may see this as an opportunity to accumulate Bitcoin, Ethereum, and high-potential altcoins on pullbacks while short-term traders should stay alert to profit-taking pressure if BTC and ETH stall below new highs.

แหล่งอ้างอิง

• https://www.theblock.co/post/367390/bernstein-analysts-see-crypto-bull-market-running-through-2027
• https://www.theblock.co/post/367378/ethereum-etfs-eth-supply
• https://www.theblock.co/post/367645/goldman-sachs-sees-stablecoin-market-reaching-trillions-of-dollars-report
• https://www.theblock.co/post/367627/china-weighs-allowing-yuan-backed-stablecoins
• https://cointelegraph.com/news/south-korea-won-stablecoin-bill-october-dollar-dependence 
• https://www.theblock.co/post/368029/japan-eyes-20-flat-tax-for-crypto-trades-path-to-etf-offering-with-tax-code-revision-report 

Disclaimers

• Cryptocurrencies and digital tokens are highly risky; investors may lose all investment money. It is important to study information carefully and invest based on your own risk profile.
• Past returns or performance of digital assets do not guarantee future returns or performance. 

Remark: The views, information, knowledge, and opinions expressed herein are those of the individuals involved and do not represent the views of Bitazza or its employees. Neither this email nor the content presented constitutes investment advice.

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