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  • BNB price prediction: BNB on cusp all-time high as bulls eye $1,000

    BNB price prediction: BNB on cusp all-time high as bulls eye $1,000

    • BNB price trades above $760, having touched intraday highs of $766.
    • Having come just shy of a new all-time high, it’s possible bulls could target $1,000 next.
    • Overall, altcoin market optimism will catalyse more gains.

    BNB, the native coin of the Binance ecosystem and BNB Chain, is on the cusp of a new all-time high as price hovers near $763 on Monday morning.

    This comes amid a robust uptick for altcoins, with Ethereum exploding to $3,800 and XRP eyeing $4.00.

    While BNB has only managed a modest 2%, price is retesting last week’s resistance level amid an increase of nearly 9% in seven days.

    Despite these small gains compared to other coins, BNB is showing strong technical indicators, alongside a yearly high in Open Interest.

    BNB price nears new all-time high

    The BNB price has continued to trade higher since breaking above $640 in June.

    On Monday, July 21, the altcoin reached an intraday high of $766, a move that saw it come close to hitting its all-time high of $793 reached in December 2024.

    As noted, this rally for Binance Coin aligns with an uptick for altcoins across the broader market.

    With Bitcoin consolidating after hitting new ATH above $123k, it’s altcoins that are in the limelight this past week.

    “With Ethereum leading the way, there has been a huge jump in social media mentions of many altcoins and higher price targets,” analysts at Santiment recently posted.

    Ethereum has climbed above $3,800, and XRP is on the verge of a new all-time high.

    Bulls have pushed Solana towards $200. Elsewhere, altcoins such as Conflux (CFX) have surged significantly to lead top gainers in leading 100 coins by market cap.

    BNB’s market capitalisation has also increased amid the overall upward momentum, hitting above $106 billion as the fifth-largest cryptocurrency targets a new peak.

    BNB price prediction: is a breakout to $1,000 next?

    A look at the charts shows BNB’s bullish outlook has the support of key technical indicators.

    Combining this with prevailing market conditions could offer buyers the chance to break higher.

    Currently, hovering above $760 puts BNB just shy of the $793 peak.

    Profit taking may ensue near the ATH, but Open Interest in BNB futures has soared to a yearly high of $1.04 billion.

    Derivatives volume has also jumped to over $1.38 billion, signalling increased trader bets on the cryptocurrency.

    BNB price chart by TradingView

    The Moving Average Convergence Divergence (MACD) also shows a bullish crossover, confirming sustained upward pressure.

    If BNB bulls weather the likely corrections, the next target above the all-time high will be the psychological $1,000 level.
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  • CFX price explodes 100% amid news from a major Conflux conference

    CFX price explodes 100% amid news from a major Conflux conference

    Conflux Price Up

    • Conflux price jumps more than 100% to lead top 100 coins by market cap as Ethereum eyes $4,000.
    • An altcoin rally has buoyed top coins like XRP, Solana and BNB.
    • News from a network conference in Shanghai, mainly that Conflux 3.0 is coming, has buoyed CFX bulls.

    Conflux (CFX) is trending as the top gainer in the 100 largest coins by market cap in the past 24 hours, with its price up an impressive 116%.

    CFX traded to highs of $0.24, a multi-month peak that has bulls eyeing a major breakout.

    This rally for the 81st-ranked altcoin comes amid a broader bullish flip for top cryptocurrencies, with Ethereum leading the charge as Bitcoin takes a breather.

    Part of CFX’s uptick is down to a major news announcement around Conflux 3.0, an upgrade expected to go live this August.

    Conflux 3.0 announcement triggers triple-digit uptick for CFX

    As noted, CFX ticked up by more than 100% as the Conflux price reacted to a major news announcement.

    This announcement came at the Conflux Technology & Ecosystem Conference 2025 in Shanghai, held between July 18 and 20.

    Among the key highlights of the summit was an announcement by Dr. Guang Yang, the chief technology officer of Conflux.

    Yang noted that the upgrade that rolls in the Conflux 3.0 Architecture will activate in August.

    Positive market reaction saw the altcoin post gains as mega cap cryptocurrencies edged up alongside Ethereum’s pump and XRP’s push for a new all-time high.

    Solana was also looking to break towards $200.

    The historic passage and signing into law of the GENIUS Act have contributed to this rally in cryptocurrencies.

    It’s likely the same reason Conflux, a layer-1 blockchain designed to transform stablecoin and payment infrastructure for consumer payments, has skyrocketed in the past two days.

    For Conflux, this overall bullish picture for altcoins has combined with network-specific news to catalyse the bulls’ march to highs last seen in mid-December 2024.

    Daily volume rose by more than 1050% to over $1.74 billion, while the CFX market cap climbed to over $1.13 billion.

    Conflux price outlook

    The price of Conflux has indeed jumped by 116% in the past 7 days, extending gains to 204% in the past month.

    Bulls have given up some of the gains seen when Conflux price jumped to intraday highs of $0.24.

    Conflux price chart by CoinMarketCap

    The bullish uptick has put CFX above the key supply zone around $0.18.

    It means a break above $0.30 could bring the $0.55 peak reached in March 2024 into play.

    A run to $1 or higher in the short term is likely if altcoin season is on.

    However, profit-taking may result in a revisit of key previous support levels, including $0.14 and $0.10.

    At the current price of $0.22, CFX is more than 900% up on its value of $0.021 that bears reached in January 2023.

    The Conflux token hit its all-time high above $1.70 in March 2021.
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  • US House passes three key crypto bills; market reaction muted as Bitcoin dips

    US House passes three key crypto bills; market reaction muted as Bitcoin dips

    US House passes three key crypto bills; market reaction muted as bitcoin dips

    • US House passed all three key crypto bills: the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act.
    • Despite the “historic” legislative wins, crypto markets remained flat, with Bitcoin down 0.89% to $118,849.
    • The GENIUS Act (stablecoins) is the first major crypto bill to clear both chambers and is now on President Trump’s desk.

    The US House of Representatives has delivered a week of landmark legislative victories for the cryptocurrency industry, passing all three key bills aimed at providing long-sought regulatory clarity.

    However, in a striking display of market apathy, this historic breakthrough in Washington has been met with a collective shrug from crypto traders, with prices remaining largely flat.

    In what many industry proponents are calling a watershed moment, the US House has now passed the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act.

    The CLARITY Act, which passed by a strong vote of 294 to 134, aims to establish clear guidelines for classifying digital assets as either securities under the purview of the Securities and Exchange Commission (SEC) or as commodities under the Commodity Futures Trading Commission (CFTC).

    The Anti-CBDC Surveillance State Act, which passed by a much narrower 219 to 217 vote, effectively bans the Federal Reserve from issuing or even testing a central bank digital currency without explicit Congressional approval. Both of these bills will now advance to the Senate, where their future remains uncertain.

    The most significant of the three, the GENIUS Act, which creates a regulatory framework for stablecoins, has already cleared both chambers of Congress. Having previously passed the Senate with a 68 to 30 vote, it sailed through the House this week with a decisive 308 to 122 vote.

    This bill is now on President Trump’s desk, making it the first major piece of crypto-focused legislation on track to become US law.

    Despite these monumental legislative achievements, the crypto markets have remained conspicuously unfazed. Bitcoin (BTC) is currently trading at $118,849, down 0.89% over the past 24 hours. Ethereum (ETH) is hovering at $3,389, down 0.27%.

    The broader altcoin market has also been mostly muted. The one notable exception is XRP, which is up over 8% on the day, continuing a strong bullish run it has maintained throughout the week.

    The market’s tepid reaction is further evidenced by liquidation data. According to Coinglass, 150,169 traders were liquidated in the past 24 hours, with total liquidations reaching nearly $490 million.

    The largest single liquidation was a $3.21 million ETH-USDT long position on the crypto exchange HTX, a sign of the choppy, directionless trading that has characterized the market.

    A tale of two markets: crypto stalls as Wall Street soars

    The crypto market’s indifference stands in stark contrast to the exuberance seen in traditional stock markets.

    Major US indexes surged to fresh record highs on Friday, as upbeat corporate earnings and stronger-than-expected economic data lifted investor sentiment.

    The S&P 500 jumped 0.54% to a new record close of 6,297.36, marking its ninth all-time closing high of the year. The tech-heavy Nasdaq Composite also hit its tenth record of 2025, climbing 0.74% to finish at 20,884.27, driven by strength in major tech stocks.

    The Dow Jones Industrial Average rose 229.71 points, or 0.52%, to close at 44,484.49.

    This rally in equities was supported by strong economic data, including a retail sales report for June that came in at 0.6%, beating expectations of 0.2%, and a drop in jobless claims, both signaling a still-resilient US economy.

    Strong earnings reports from companies like PepsiCo and United Airlines further boosted optimism as the second-quarter earnings season gets underway.

    This divergence highlights a curious moment in markets, where a significant, long-awaited regulatory victory for crypto has failed to generate the kind of bullish excitement currently being seen on Wall Street.
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  • Bitcoin trades near $119K after new all-time high; Coinbase rebrands wallet to ‘Base App’

    Bitcoin trades near $119K after new all-time high; Coinbase rebrands wallet to ‘Base App’

    Bitcoin trades near $119K after new all-time high; Coinbase rebrands wallet to 'Base App'

    Bitcoin is holding steady above the $118,800 mark as the market digests its recent powerful rally to a new all-time high of over $122,000.

    While on-chain data now indicates that the first wave of heavy profit-taking has begun, particularly among short-term holders sitting on significant gains, some analysts believe that historical patterns still suggest room for another push higher, though they are also warning that “overheating” signals are beginning to flash.

    In a recent report, on-chain analytics firm Glassnode highlighted that “short-term holders are now sitting on significant unrealized profits,” a condition that is pushing key indicators “towards overheated territory.”

    The Short-Term Holder Relative Unrealized Profit metric recently hit 15.4%, breaching a key statistical threshold (+1 standard deviation) before cooling slightly. Historically, this level “often marks the beginning of top formation,” according to Glassnode.

    The firm also pointed to the Realized Profit to Loss Ratio, which recently spiked to a staggering 39.8, “well above the +2 standard deviation threshold,” signaling a period of intense profit-taking from successful traders.

    Although this ratio has since declined to a more moderate 7.3, the elevated reading remains consistent with behavior typically seen in the late stages of a bull market.

    “So far, both the Percent of Spent Volume in Profit and the Realized Profit to Loss Ratio have signaled the first wave of excessive profit-taking,” the report concluded.

    While this doesn’t necessarily mark a definitive market top, Glassnode cautions that “such top formations tend to unfold across multiple waves,” with the next major resistance level for Bitcoin projected to be around the $130,000 mark.

    The great rotation: traders move into altcoins

    As Bitcoin’s near-term upside appears increasingly constrained by this profit-taking pressure, some traders are beginning to rotate their capital into major altcoins.

    Ethereum (ETH) surged an impressive 7.5% in the past 24 hours, outpacing Bitcoin and breaking out of a recent consolidation phase.

    Analysts have pointed to the recent advancement of the GENIUS Act, a stablecoin regulation bill, as a potential catalyst for ETH’s strong performance.

    Solana (SOL) also saw a significant jump, up 5%, buoyed by fresh on-chain data showing that Galaxy Digital had accumulated $55 million worth of SOL within a tight two-hour window, withdrawing the tokens from multiple centralized exchanges.

    This rotation into major altcoins like ETH and SOL suggests that while Bitcoin’s broader market structure remains intact, traders are seeking opportunities for higher returns in other parts of the crypto ecosystem.

    Coinbase’s big rebrand: from ‘Wallet’ to ‘Base App’

    In a significant development for the broader crypto ecosystem, Coinbase has officially rebranded its popular Wallet product as the ‘Base App’.

    This move confirms speculation that had been swirling since the company scrubbed its X profile earlier this week.

    The rebranding positions the app as a central gateway into the burgeoning Base ecosystem, which is now being pitched as a full-stack, on-chain platform designed for mainstream adoption.

    The rebrand was officially announced during Coinbase’s “A New Day One” event, which also unveiled a broader vision for the Base ecosystem, now built around three key pillars: the existing Layer-2 network, Base Chain; a new developer toolkit suite dubbed Base Build; and the newly launched Base App.

    Unlike its predecessor, the Coinbase Wallet, the new Base App is designed to be much more than just a place to store crypto.

    It will integrate chat functionalities, payments, trading, and a mini-app marketplace that supports a wide range of social and financial experiences.

    This is not Coinbase’s first attempt at a wallet makeover (long-time crypto users will remember its original wallet, “Toshi”), but it is arguably its most ambitious.

    With the Base ecosystem increasingly distancing itself from the parent Coinbase brand, the new app appears designed to emphasize Base’s distinct identity as a more decentralized, open ecosystem—one that is anchored in the core values of crypto but packaged in a user-friendly way for the everyday consumer.
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  • Market update: Bitcoin consolidates near $117K

    Market update: Bitcoin consolidates near $117K

    Bitcoin pulls back; AI token sector market cap hits $29.6B

    • Bitcoin (BTC) is down 1.8% but trades above $117,800 as traders take profits after recent all-time highs.
    • AI-focused crypto tokens jumped 5% overnight as big tech firms like Google and Meta announced massive infrastructure investments.
    • Google plans a $25B data center investment; a Trump-led summit saw over $90B in AI/data pledges unveiled.

    Bitcoin has taken a slight breather as the East Asian business day gets underway, dipping 1.8% but still trading firmly above the $117,800 mark at the time of writing this article.

    This pause comes as some traders take profits after a powerful run that saw the leading cryptocurrency push through multiple all-time highs.

    While bullish sentiment remains strong, with some market participants calling for even higher price targets, seasoned observers are sounding a note of caution, warning that risks are building just as quickly as market enthusiasm.

    A rally on pause?

    The current market sentiment is a mix of unbridled optimism and underlying apprehension.

    There is a palpable belief among some that the recent rally is just the beginning, with bold calls for Bitcoin to reach $160,000, $200,000, or even higher.

    However, Lennex Lai, Chief Commercial Officer at the crypto exchange OKX, warns that this very enthusiasm could be a source of risk.

    “Across platforms, we’re seeing an increase in aggressive long positions and widening funding rates as ‘Crypto Week’ headlines boost sentiment,” Lai told CoinDesk in an interview via Telegram.

    He stressed that at these elevated levels, “risks can build quickly – escalation of trade tensions with the EU, Mexico, and other trading partners could trigger sharp corrections.

    Another risk is letting euphoria drive decisions.”

    Lai pointed to a slate of upcoming macroeconomic announcements that could sway global risk sentiment and set the tone for broader markets.

    These include the UK Consumer Price Index (CPI) release, as well as the US Core Producer Price Index (PPI), retail sales figures, and consumer sentiment data.

    Echoes of past volatility and a cautious professional class

    Lai’s concerns echo the findings of a recent H1 2025 market report from K33 Research, which highlighted similar risks and volatility triggers earlier this year.

    The report noted that geopolitical turmoil and trade policy uncertainty have already driven significant market swings, including a sharp 30% correction that saw Bitcoin fall to $75,000 earlier in the year.

    The K33 report also observed that “Bitcoin struggled in this de-risking period but showed subtle hints of relative strength vs equities by outperforming equities in the aftermath of Liberation Day.”

    A key indicator of underlying caution among seasoned traders has been the historically low funding rates seen amidst rising prices.

    “Annualized funding rates averaged at 4.51% throughout the half-year, the lowest average half-year funding rate since December 31, 2022,” when the post-FTX crypto winter was at its coldest, the report stated.

    This suggests that while prices have been rising, professional traders have remained wary of abrupt market reversals.

    Lennex Lai emphasized the need for a disciplined approach in this environment. “In moments like this, smart traders focus on strategy over sentiment, using discipline to manage risk,” he continued.

    “The excitement at the top is real, but those who manage their entries, exits, and funding exposure carefully are best positioned for whatever comes next.” After all, he concluded, “strong momentum doesn’t mean the market is invincible.”

    AI tokens catch a bid as big tech doubles down on infrastructure

    While Bitcoin consolidates, a different corner of the crypto market is experiencing a significant rally. AI-focused crypto tokens jumped by 5% overnight, pushing the sector’s total market capitalization to $29.6 billion, according to data from CoinGecko.

    This move comes amidst a flurry of major announcements from U.S. tech giants regarding massive investments in AI and data infrastructure, sparking renewed investor enthusiasm in both traditional equity and digital token markets.

    Google announced on Tuesday that it will invest a staggering $25 billion into data centers and AI infrastructure across the PJM electric grid, the largest in the United States.

    The company also agreed to purchase 3,000 megawatts of hydroelectric power through a $3 billion deal with Brookfield. Not to be outdone, Meta is reportedly planning “hundreds of billions” in AI data center construction, including a multi-gigawatt facility in Ohio, codenamed “Prometheus.”

    These blockbuster announcements were strategically timed around a Trump administration-led summit at Carnegie Mellon University, where over $90 billion in AI, energy, and data infrastructure pledges were unveiled.

    This overwhelmingly bullish tone on AI, from both the government and private industry, appears to be spilling over into the crypto token markets, at least for now.
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  • Bitcoin’s surge to record highs signals potential shift toward stability, says Deutsche Bank

    Bitcoin’s surge to record highs signals potential shift toward stability, says Deutsche Bank

    Bitcoin

    • Bitcoin hit a record high above $123,000, with Deutsche Bank noting a rare drop in volatility alongside the rally.
    • Analyst Marion Laboure sees signs of Bitcoin maturing as an asset, supported by regulatory clarity and institutional adoption.
    • Despite a short-term pullback, broader macro and micro factors point to a more stable, long-term trend for Bitcoin.

    Bitcoin may be entering a new phase of greater price stability, according to a recent analysis by Deutsche Bank.

    The cryptocurrency reached a record high above $123,000 on Monday, marking a roughly 75% gain from its levels in mid-November.

    Deutsche Bank analyst Marion Laboure noted that the sharp appreciation has been accompanied by a historic drop in volatility — an unusual but telling combination.

    “While excitement over the upcoming legislations has spurred Bitcoin’s sharp appreciation, it is notable that Bitcoin’s rise has also been accompanied by a historic decline in volatility levels,” Laboure wrote in a note to clients on Tuesday.

    She suggested this may point to an emerging decoupling of Bitcoin’s spot price from its traditional volatility, hinting at the digital asset’s evolution toward a more stable asset class.

    Laboure cited growing market adoption, clearer regulatory frameworks, and increased institutional involvement as contributing factors to this stabilization trend.

    Together, these dynamics are helping to shift Bitcoin away from the high-churn, speculative cycles that have historically defined its behavior.

    Regulatory and institutional tailwinds

    The record-breaking price movement comes as US lawmakers gathered for the “Crypto Week,” which investors hope will pave the way for a more supportive regulatory environment.

    While crypto legislation has long been a point of debate in Washington, proponents see this week’s discussions as a potential inflection point that could attract greater participation from institutional investors.

    In her analysis, Laboure emphasized the convergence of macro and micro factors currently driving Bitcoin’s performance.

    On the macro side, she pointed to rising geopolitical tensions, shifts in global trade policies including tariffs, and ongoing de-dollarization trends as adding complexity to traditional markets, making Bitcoin more attractive as an alternative asset.

    On the micro level, she highlighted the increasing participation of institutional investors and longer-term holding patterns among market participants.

    These trends, according to Laboure, suggest that Bitcoin’s role in portfolios is maturing.

    Rather than serving solely as a speculative tool, it is gradually being integrated into broader investment strategies.

    Short-term pullback, long-term outlook

    Despite the strong rally, Bitcoin experienced a modest retreat of over 2% in midday trading on Tuesday, falling back to around $117,000.

    However, Laboure cautioned against reading too much into short-term fluctuations, reiterating that broader adoption and regulatory clarity remain key pillars supporting the current trajectory.

    “Volatility remains inherent,” she acknowledged.

    However, the emerging conditions, from legislation and market structure to investor behavior, “suggest Bitcoin’s integration into portfolios is maturing, and potentially signals a more sustainable trend beyond previous instances of short-term market speculation.”

    As institutional interest deepens and the regulatory landscape evolves, analysts like Laboure believe Bitcoin could continue to see upward momentum while exhibiting more stable price behavior — a significant shift for an asset historically defined by extreme swings.
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  • 1inch price forecast: 1INCH hits 7-month high after double digit gains

    1inch price forecast: 1INCH hits 7-month high after double digit gains

    • 1inch price reached highs of $0.36, a 7-month peak.
    • The price of 1INCH could break the short-term hurdle at $0.50 and target $1.
    • Currently, 1INCH trades around $0.33, near a critical pivot zone.

    1INCH, the native token of the 1inch Network, has skyrocketed to a seven-month high of $0.36, up 11% in 24 hours and more than 80% in the past week.

    This uptick, fueled by a combination of team accumulation, exchange withdrawals, and booming decentralised activity, signals a potential structural reversal for the decentralised exchange aggregator.

    With trading volumes spiking and technical indicators flashing bullish signals, it’s possible 1INCH could extend gains.

    1inch price performance

    1inch has extended its recent rally, building on gains since rebounding from a low of $0.18 on July 8, 2025.

    The token, which had traded as low as $0.15 in April, has since broken through a key resistance level to reach price levels not seen since January.

    The latest surge comes amid reports of significant accumulation by the project team, with millions of dollars’ worth of 1INCH tokens reportedly purchased.

    The development has reduced the circulating supply and reinforced investor confidence, helping fuel the current bullish momentum.

    However, the altcoin’s gains align with Bitcoin’s retreat.

    Profit taking has pushed BTC down from above $122k to around $117k, suggesting a likely downturn.

    Nonetheless, analysts are bullish that a reversal will give bulls another lift.

    “Bitcoin’s retracement is healthy: it slows leverage, resets funding rates and implied volatility, and moves open interest from speculative upside calls into fresh strikes and maturities, giving the next leg of the bull market a sturdier foundation,” said Pierre Rochard, CEO of the Bitcoin Bond Company.

    What’s next for 1INCH?

    1INCH’s trajectory has been on the upside since July 8 as buyers broke above the short-term hurdle of $0.32.

    With a successful retest in place, the 1inch price could go on to target highs of $0.50.

    Short-term, a break above $1 will encourage bulls to hunt the April 2022 supply zone around $1.77.

    1inch price chart by TradingView

    The nearly 80% spike this week also comes amid fresh DeFi momentum, with trading volumes across decentralized exchanges on the up.

    The MACD indicator remains bullish. However, 1INCH is trading in the overbought zone with the daily RSI at 78.

    As such, currently trading at $0.37 means 1INCH sits at a critical pivot zone.

    Resistance levels at $0.37, $0.39, and $0.42 are the immediate hurdles.

    If bulls break these barriers, a rally toward $1 or higher could unfold.

    However, traders might want to watch for volatility, as a pullback to $0.30 could welcome bears back into contention.
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  • BTC price pulls back after near-$123K high; XRP approaches all-time high resistance at $3.00

    BTC price pulls back after near-$123K high; XRP approaches all-time high resistance at $3.00

    BTC price pulls back after near-$123K high; XRP approaches all-time high resistance at $3.00

    • Bitcoin cooled off after nearly topping $123K, with analysts saying the rally is in its early phases, not the end.
    • Arca’s CIO noted that current altcoin open interest is “nowhere near” the frothy levels of previous market tops.
    • XRP is trading near $2.91, approaching its all-time high resistance level of around $3.00.

    Bitcoin pulled back from its session highs during US trading hours on Monday, after nearly touching the $123,000 mark earlier in the day.

    Despite this slight cooling, analysts suggest that calls for a market top are premature, as the broader crypto rally appears to be in its early stages, with significant legislative developments underway in Washington DC that could provide further tailwinds.

    A rally in its infancy? Gauging the market’s momentum

    After a powerful surge of over 10% in less than a week, which saw some altcoins advance even more significantly, it’s natural for prices to enter a consolidation phase as traders digest the recent move and realize some profits.

    Bitcoin slipped below the $120,000 level late in the US day but managed to hold onto a modest 0.6% gain over the past 24 hours.

    However, other major cryptocurrencies saw more significant pullbacks, with Ethereum’s Ether (ETH) sliding back below $3,000, and Dogecoin (DOGE), Cardano’s ADA, and Stellar’s XLM declining by around 2%-3% on the day.

    Among the major tokens, XRP, SUI, and Uniswap’s UNI outperformed, posting gains of 2.5%, 10%, and 6%, respectively.

    Crypto-linked stocks also retraced some of their strong morning gains, though Strategy (MSTR) and Galaxy (GLXY) still closed higher by 3%-4%, while Coinbase (COIN) gained 1.5%.

    Despite the consolidation, Jeff Dorman, CIO of digital asset investment firm Arca, argues that this leg of the crypto rally is more likely in its early phases than nearing its end.

    In a Monday investor note, he referenced an observation from crypto analyst Will Clemente about previous major market tops, such as the March 2024 spot Bitcoin ETF-related peak and the frenzy surrounding the Trump election/inauguration in late 2024/early 2025.

    During those peaks, the open interest in altcoin derivatives notably flipped that of Bitcoin, a sign of widespread speculative froth.

    “The current rally is nowhere near that,” Dorman said, suggesting the market has not yet reached a state of excessive exuberance.

    He also added that while trading volumes on both centralized and decentralized exchanges rose by 23% week-over-week, they still aren’t close to the levels seen during other broad-market rallies in the past.

    The bigger picture: sovereign debt and institutional adoption

    Looking beyond the short-term charts, some see Bitcoin’s ascent as being propelled by more fundamental, long-term factors.

    Eric Demuth, CEO of the Europe-based crypto exchange Bitpanda, told TheStreet that excessive sovereign debt and investors seeking refuge from monetary inflation are key drivers.

    While he stated that BTC rising to €200,000 ($233,000) is “certainly a possibility,” he emphasized that the underlying adoption of the asset carries more importance than specific price targets.

    “What happens when Bitcoin becomes permanently embedded in the portfolios of major investors, in the reserves of sovereign states, and in the infrastructure of global banks?,” he posed.

    Because that’s exactly what’s happening right now.

    Demuth expects that in the coming years, Bitcoin’s market capitalization will gradually converge towards that of gold, which currently sits at over $22 trillion, nine times larger than BTC’s.

    XRP Nears All-Time High, Breakout Looms

    While Bitcoin consolidates, XRP is making headlines of its own.

    The token has moved back up to a level of resistance significantly close to the $3.00 mark, a price point not seen since its all-time high.

    Currently trading at $2.91, up 2.15% over the last 24 hours, XRP is fueling speculation that a major breakout could be imminent.

    “XRP is screaming all-time highs,” crypto analyst Ali Martinez stated in a recent update on the social media platform X.

    He pointed to a very significant technical setup, noting that XRP is now testing the top of a price channel that has been established for years, right around the $3.00 price point.

    A decisive move anywhere above this psychological and technical level would likely lead to a huge rally toward the $4.80 price point, Martinez suggested.

    This optimism is supported by a significant rise in open interest for XRP, which now stands at $3.409 billion, indicating increased trader participation and conviction.

    Following a significant build-up of leveraged positions—a common precursor to substantial price swings—the overall sentiment for XRP is bullish.

    In further support of the uptrend, the price of XRP is consistently trending above its 10-period adaptive moving average, a sign of strong underlying momentum and healthy consolidation.

    The next few trading sessions will be crucial, as investors will be watching to see if XRP can successfully convert this previous resistance into a new, longer-term support level, potentially launching it into price discovery mode.
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  • Strategy boosts Bitcoin holdings to $73B amid record-high prices

    Strategy boosts Bitcoin holdings to $73B amid record-high prices

    Bitcoin

    • Strategy bought 4,225 Bitcoin for $472 million, bringing its total holdings to $73 billion.
    • The company raised funds through preferred shares and plans to report a multi-billion-dollar profit next month.
    • Strategy’s stock is up over 3,300% since 2020 as Bitcoin strategy drives its $121 billion market cap.

    Michael Saylor’s Bitcoin-focused company, Strategy (formerly MicroStrategy Inc.), has further expanded its already massive cryptocurrency holdings with a recent purchase of 4,225 Bitcoin tokens.

    According to a regulatory filing with the U.S. Securities and Exchange Commission (SEC) on Monday, the company spent $472 million during the seven days ending July 13, acquiring the tokens at an average price of $111,827 each.

    This purchase comes as Bitcoin trades near all-time highs, recently hitting $123,000 before slightly retreating to $120,483 as of writing this.

    With this latest acquisition, Strategy now holds Bitcoin valued at approximately $73 billion, representing about 2.8% of the total 21 million Bitcoin that will ever exist.

    The company remains the largest corporate holder of Bitcoin globally.

    The purchase was funded through proceeds from the sale of preferred shares via Strategy’s at-the-market (ATM) program.

    The firm raised the full $472 million last week through three offerings of these stock-like products, which are tradable indefinitely and offer dividend payouts.

    The use of preferred equity instead of common stock marks a strategic shift in how Strategy finances its growing Bitcoin portfolio.

    Strategy eyes profit amid accounting changes and crypto surge

    Strategy is poised to report a multi-billion-dollar profit in its upcoming earnings release, benefiting from both the strong rebound in Bitcoin prices and changes to accounting standards that now more accurately reflect the value of its digital asset holdings.

    The company has spent $7.24 billion on Bitcoin in the current quarter across 13 separate transactions, according to Bloomberg.

    This aggressive accumulation aligns with the Strategy’s long-standing approach of using Bitcoin as a hedge against inflation, a strategy first initiated in mid-2020.

    Since then, the company’s stock has surged over 3,300%, significantly outperforming traditional equity benchmarks.

    During the same period, Bitcoin has risen by more than 1,000%, while the S&P 500 has gained approximately 115%.

    The potential for substantial quarterly earnings also reflects the increasing institutional acceptance of Bitcoin as a store of value.

    For Strategy, this bolsters its positioning as both a technology company and a de facto Bitcoin investment vehicle.

    Market cap climbs as Bitcoin strategy evolves

    Strategy’s market capitalization now exceeds $121 billion, a figure largely driven by investor enthusiasm over its bold Bitcoin-centric approach.

    The company’s commitment to consistently increasing its exposure to the cryptocurrency market has transformed its profile on Wall Street and among digital asset advocates.

    The firm’s decision to rely more heavily on preferred share offerings suggests a deliberate shift to reduce dilution for common shareholders while continuing to pursue large-scale Bitcoin acquisitions.

    The nature of these instruments—tradable forever and dividend-paying—may also appeal to a broader base of investors looking for exposure to crypto-linked equities with income potential.

    With Bitcoin prices hovering near record highs and regulatory scrutiny of digital assets ongoing, Strategy’s actions will continue to be closely watched by both crypto investors and traditional market participants.

    As the company prepares to release its quarterly results next month, all eyes will be on whether its aggressive bet continues to pay off.
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  • Bitcoin crosses $122.5K; Stellar (XLM) price set to jump 30%

    Bitcoin crosses $122.5K; Stellar (XLM) price set to jump 30%

    A Healthy Bull in green Environment

    • Bitcoin crosses the $122,500 milestone on Monday, bolstering overall market sentiments.
    • Optimism emerges as US lawmakers prepare for crucial crypto votes this week.
    • XLM targets continued uptrends to $0.681 resistance.

    Bitcoin opened the week on a bullish leg as US regulatory developments propelled prices to historic highs of $122,540 on Monday.

    BTC’s rally to new all-time highs has reignited enthusiasm in the cryptocurrency market, and Stellar’s native token appears ready to lead altcoin breakouts.

    XLM has breached crucial resistances with soaring volumes, signaling extended gains in the short term.

    The current broad-based rallies support the altcoin’s bullish trajectory.

    Analyst Javon Marks trusts XLM might surge to the next obstacle at $0.681.

    That would mean a 29.94% upswing from Stellar’s current market price of $0.4771.

    Legislative moves propel BTC to ATHs

    Bitcoin surpassed the $120,000 milestone for the first time today as investors braced for the long-awaited regulatory modifications in the US.

    Notably, the United States House prepares to vote on three key crypto-related bills this week.

    First and foremost, they will debate the GENIUS Act, which focuses on regulating stablecoins such as USDT and USDC.

    It will head to Donald Trump if passed. The US president has vowed to support crypto growth in the United States.

    Also, the House will vote for the CLARITY Act.

    It aims to monitor crypto market structures.

    Nate Geraci's X Post
    Source: Nate Geraci’s X Post

    Finally, the Anti-CBDC Surveillance State Act proposes prohibiting the Fed from issuing a central bank digital currency.

    Besides the political theatrics, these legislative moves will reshape the cryptocurrency regulatory tone.

    The possibilities of friendlier policies due to the current pro-crypto government ignited optimism in the digital assets sector.

    XLM breaks out after consolidation

    Stellar’s native token capitalized on the broad-based bull rally to overcome a key resistance at $0.47.

    The move has grabbed analysts’ attention, with one expecting continued XLM surges to the obstacle at $0.681.

    Policy tailwinds, price charts, and Bitcoin’s outlook support XLM’s 30% potential upswing in the near term.

    Can XLM surge 30%

    Javon Marks’ Stellar chart resembles Rose Signals, both pointing to extended surges.

    Their chart shows the current breakout materialized after multiple higher lows on XLM’s weekly chart.

    That indicates increased accumulation, which is crucial for stable uptrends.

    The chart suggests possible surges to $0.6719.

    A Crypto Chart

    All eyes are watching D.C.

    Cryptocurrencies appear poised for continued rallies with massive legislative developments in the United States.

    The momentum will spike further if the House passes any or all bills this week.

    For instance, passing the crypto structure or stablecoins frameworks might see investors rotating more capital into crypto.

    That would mean massive gains for Bitcoin and altcoins, including XLM.

    However, digital assets are never without risks. Sudden Bitcoin corrections or bills’ rejection could mean substantial selling pressure.

    Losing the $0.47 barrier will delay XLM’s potential rally.
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