Samson Mow, a Bitcoin maximalist and the boss of the Bitcoin-focused company Jan3, has taken to his account on the X social media platform (formerly widely known as Twitter) to break an ultra-bullish Bitcoin price forecast to the global crypto community.

Mow has doubled down on his $1 million Bitcoin forecast that he gave earlier this year.

Gold prices rose in Asian trade on Tuesday, coming within sight of new highs amid increased bets that the Federal Reserve will begin cutting rates from September. 

But gains in gold were limited by some resilience in the dollar, as increased speculation that Donald Trump will win a second term as president boosted the greenback.

Spot gold rose 0.2% to $2,427.77 an ounce, while gold futures expiring in August rose 0.1% to $2,432.30 an ounce by 00:46 ET (04:46 GMT). 

Oil prices eased on Monday as worries about demand in top importer China offset supportive U.S. economic news, OPEC+ supply restraint and ongoing Middle East tensions.

Brent futures fell 18 cents, or 0.2%, to settle at $84.85 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 30 cents, or 0.4%, to settle at $81.91.

The U.S. dollar stabilized in early European trade Monday, handing back some of the gains seen after the attempted assassination of former U.S. President Donald Trump over the weekend, ahead of comments from Fed Chair Jerome Powell.

At 05:45 ET (09:45 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded largely unchanged at 103.785, after hitting a one-month low last week. 

Gold prices fell slightly in early Asian trade on Monday, remaining in sight of a record high but seeing few increases in safe haven demand after an alleged assassination attempt on former U.S. President Donald Trump. 

Safe haven buying, in the face of increased U.S. political uncertainty, favored the dollar, with the greenback recovering a measure of recent losses on Monday. Still, the dollar remained weak amid growing bets on U.S. interest rate cuts, which buoyed gold in recent weeks. 

According to crypto analyst Lark Davis, at the handle "TheCryptoLark" on X, Bitcoin is up 356% since this cycle's low.

In a tweet, Cryptolark noted that Bitcoin's current price performance is remarkably similar to what was seen in the last two market cycles. BTC has surged 356% since this cycle's lows, closely aligning with the 351% and 361% increases recorded at the same points in the previous two cycles. "Looks like we're right on track with the previous two cycles," the crypto analyst added.

The yen jumped briefly against the dollar on Friday, putting traders on alert for signs of fresh intervention by Japanese authorities, who likely stepped in the previous day to prop up a currency still close to its lowest in 38 years.

The dollar fell as much as 1% to a one-month low of 157.30 yen, but pared some of those losses to trade down 0.55% at 158.01 yen. The euro was last down 0.2% at 172.28 yen.

 Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor under prices while sizeable spare capacity, demand uncertainty and sanctions policy prevent the market breaking higher.

After a series of gradual production increases that started in early 2021 which unwound historic cuts agreed during the coronavirus pandemic, OPEC+ announced new production cuts in October 2022 and since then has cut output further.

Gold prices fell slightly in Asian trade on Friday, but were sitting on strong gains from the prior session as softer-than-expected U.S. inflation data ramped up bets on a September interest rate cut.

The yellow metal blew past the closely-watched $2,400 an ounce level on Thursday and was less than $50 away from a record high, as it benefited from a sharp drop in the dollar. Gold was also set for a strong weekly performance.

Gold prices rose slightly in Asian trade on Wednesday as comments from Federal Reserve Chair Jerome Powell sparked increased speculation over when the central bank will begin cutting interest rates.

Among industrial metals, copper prices sank, wiping out a bulk of a recent recovery following mixed inflation signals from top copper importer China.