Tag: crypto

What sparked the sudden crypto market surge?
- Crypto market cap has rebounded above $4T after Fed rate-cut signals.
- Bitcoin reserve proposals boost confidence in digital assets.
- Ethereum and Chainlink lead altcoin rally with double-digit gains.
The cryptocurrency market has staged a remarkable rebound, with total market capitalisation climbing more than 5% in the past 24 hours to reclaim the $4.01 trillion level.

Ethereum (ETH) has emerged as the standout performer among the top ten digital assets by market cap, soaring by 13.12%.

Chainlink (LINK) has also drawn attention with a rise of 10.37%, showing strong investor appetite for altcoins as momentum builds across the sector.

Fed shift fuels optimism

One of the biggest drivers behind the surge came from comments by US Federal Reserve Chair Jerome Powell at the Jackson Hole symposium.

Powell signalled that economic conditions may justify an interest-rate cut in September, reversing the hawkish stance that had weighed on markets for months.

Traders quickly interpreted this as a dovish pivot, sparking renewed appetite for risk assets.

Bitcoin (BTC) surged from local lows of $111,658 to above $116,000 within minutes of Powell’s remarks, setting the tone for the broader crypto market.

Lower interest rates generally encourage investors to move capital into higher-yielding assets, and cryptocurrencies are often prime beneficiaries of such flows.

The dollar weakened on Powell’s comments, adding to bullish sentiment across digital markets.

This macro backdrop provided the ideal setup for both Bitcoin and altcoins to rally in tandem, lifting total market capitalisation firmly back into the $4 trillion range.

Bitcoin reserves narrative builds

Another key factor has been the growing momentum around the idea of governments holding Bitcoin as a strategic reserve.

Most recently, the Philippines has introduced a bill to create a Bitcoin reserve, following similar proposals in the United States.

This development reinforced the narrative of Bitcoin’s institutional role in global finance and gave investors another reason to build exposure.

Market observers note that such proposals carry symbolic weight, even before they become policy.

They demonstrate that Bitcoin is increasingly being viewed not just as a speculative asset but as part of a broader macroeconomic conversation.

This narrative helped underpin the recovery in Bitcoin’s price while supporting the rally in altcoins tied to sovereign and institutional themes.

Altcoins take the spotlight

While Bitcoin’s rebound grabbed headlines, much of the excitement has come from the altcoin space.

The Altcoin Season Index has climbed sharply, reflecting a rotation of capital from Bitcoin into higher-beta assets.

ETH has broken through key resistance levels, while the likes of LINK have posted impressive gains.

Solana (SOL) and Binance Coin (BNB) have also posted strong gains, with traders positioning for extended rallies if momentum continues.

This rotation indicates a willingness among investors to take on more risk, a trend often seen during bullish phases of the market.

Although derivatives open interest has fallen, suggesting cautious leverage, spot buying has remained robust.

The move into altcoins highlights growing confidence that the rally is not confined to Bitcoin alone but is part of a broader recovery story.

Crypto market outlook

The sharp recovery in the crypto market underscores how sensitive digital assets remain to global economic cues.

Powell’s dovish shift, coupled with rising momentum behind Bitcoin’s reserve narrative, created the perfect storm for a swift surge.

The alignment with equity markets, particularly the Nasdaq-100, further amplified the move, as correlations between crypto and traditional risk assets strengthened.

For now, the return of the market cap above $4 trillion offers a strong signal of resilience. With altcoins leading gains, investors are watching closely to see whether the rally extends or faces resistance at higher levels.

However, much will depend on whether the Fed follows through with an actual rate cut in September and whether the Bitcoin reserve debate gains traction in the coming weeks.

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August 22, 2025
Crypto update: Bitcoin slips as analysts warn of ‘fragile’ market structure
- Bitcoin and Ether prices are falling despite positive industry news.
- A key disconnect exists between weak price action and strong fundamentals.
- Glassnode warns of market fragility and stretched leverage in the short term.
A profound and unsettling disconnect is cleaving the cryptocurrency market in two as the trading day begins in Asia.

While a torrent of structurally bullish headlines points to a maturing and increasingly powerful industry, the price action on screen tells a story of weakness, fear, and retreat.

This growing chasm between the long-term promise and the short-term pain has left investors caught in a tense tug-of-war.

The immediate picture is painted in red. Bitcoin is down 3% in the past 24 hours, struggling to hold the line at $113,000.

Ether is suffering even more, having shed 5.6% to land at $4,100, extending a week of bruising losses across the major digital assets. This persistent pullback is happening in the face of news that would, in any other environment, be sending prices soaring.

The view from the charts: a structure of sand?

For one camp of market observers, the current weakness is a simple function of a fragile and overextended market structure.

In a recent report, the analytics firm Glassnode frames the decline as a textbook case of exhaustion: spot momentum is fading, leverage is dangerously stretched, and the pressure from profit-taking is building to a critical point.

They warn that even the massive $900 million in inflows into U.S.-listed spot ETFs last week is not enough to sustain the rally on its own.

Without a renewed wave of conviction buying in the spot markets, Glassnode argues, the market’s positioning remains acutely “vulnerable to deeper deleveraging.”

A foundation of steel

This pessimistic view, however, is far from universal. Another camp argues that fixating on the short-term price action is a classic case of missing the forest for the trees.

The Singapore-based market maker Enflux, in a note shared with CoinDesk, contends that the industry is maturing at a pace that the charts are simply failing to capture.

They see the weak price action as a temporary “disconnect” and urge traders to focus on the truly significant headlines: Google becoming the largest shareholder in miner TeraWulf, Wyoming launching a state-backed stablecoin, and Tether hiring a former White House crypto policy official.

These are not fleeting signals, Enflux argues; they are proof that serious capital and top-tier talent are aligning around a future that is institutional, regulated, and built to last.

The divergence in tone is telling. One side sees a house of cards, the other sees the scaffolding of a skyscraper being erected.

The shadow of the Fed

This internal conflict is being amplified by a powerful external force: the Federal Reserve.

The entire market is holding its breath ahead of the Fed’s FOMC minutes and, more importantly, Chairman Jerome Powell’s pivotal speech at the Jackson Hole symposium later this week.

With economists from institutions like Bank of America warning that Powell may argue for holding rates steady amid sticky inflation, the easy-money hopes that have buoyed risk assets are beginning to fade.

This macro uncertainty is forcing a reckoning in the crypto market, where the short-term fragility is clashing head-on with the long-term fundamental strength. The question now is which narrative will break first.

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August 20, 2025
Bio Protocol defies crypto downturn with a 720% surge in volume
- Bio Protocol price rose more than 50% as bulls defied broader market selling to hit $1.46
- Despite overall sell-off pressure, BIO price is up double-digits in 24 hours as volume spikes 720%.
- BIO has benefited from key network developments, including staking and partnerships.
The price of Bio Protocol (BIO) shrugged off a broader crypto downturn to lead 24-hour gainers on Monday.

With the project that’s targeting the decentralized science (DeSci) ecosystem hitting key milestones recently, buyers have upped the ante by pushing BIO higher.

BIO price surges nearly 50% to lead top gainers

The Bio Protocol (BIO) price saw a significant surge as top altcoins struggled amid profit taking.

With Bitcoin shedding gains to below $116k and Ethereum dipping to $4,200, the BIO token climbed nearly 50% to lead the top gainers.

Per CoinMarketCap, this put the decentralized science project among the 500 largest cryptocurrencies by market capitalization.

Notably, Bio Protocol traded up from lows of $0.10 and topped $0.15.

The uptick meant BIO defied overall declines across the market, with gains coming as its 24-hour volume spiked 720% to over $393 million.

Although BIO remains double-digits up with over 21% upside in the past 24 hours, it has dropped from the $0.15 high. This shows the overall market weakness as sellers drive it to around $0.12.

Bio Protocol price chart by CoinMarketCap

Bio Protocol has hit key network milestones

Bio Protocol has gained amid significant network milestones in the past week.

As the DeSci economy picks up, the Bio Protocol team has positioned the project for greater traction with the launch of Bio Markets.

The goal is a platform that brings real-time insights into projects within the Bio Protocol ecosystem.

Markets bring growth trends and in-app trading for BioDAOs, and Bio plans to expand trading capabilities to IP-Tokens and new BioAgents.

Staking activity has also soared, with over 125 million BIO tokens staked, up to 3.5% of the circulating supply.

As the Bio team recently noted, staking generates BioXP, a key component for participating in upcoming Ignition Sales.

Unveiling of Yapping BioXP, also set to go live in the app this week, includes a boost campaign for BioAgents, further incentivizing community engagement.

What does it mean for BIO price?

Bio Protocol also hit a major milestone with CLAW, Percepta’s IP-Token.

Meanwhile, Molecule’s development of its v2 protocol targets the bridging of traditional corporate structures with DeSci.

Listing on Coinbase, the top U.S.-based crypto exchange, allows for further institutional adoption.

“From Bio V2’s launch and 100M+ BIO staked, to Coinbase listing $BIO and VitaDAO advancing longevity trials, the past month marked key steps in AI-driven science and DeSci adoption,” Bio Protocol recently posted.

Achievement of these milestones could help bolster the price of BIO.

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August 18, 2025
XRP price forecast: XRP dips 7% as crypto downturn threatens bulls
- XRP price fell 7% in the past 24 hours amid a broader crypto crash to touch lows of $2.90.
- Daily trading volume jumped 28% to $8.2 billion as panic selling spread.
- XRP’s technical outlook suggests further price declines.
Ripple’s XRP is one of the top losers in the leading cryptocurrencies by market segment as the cryptocurrency market faces fresh turbulence.

Amid a broader crypto downturn, the XRP price has fallen 7% in the past 24 hours to touch lows of $2.90.

This decline below the key level of $3.00 comes as Bitcoin hovers below $115k after another aggressive sell-off, with Ethereum, Solana and BNB also paring gains.

Macroeconomic headwinds and whale sell-offs are likely to drive further volatility across the market, with a bearish flip, bad news for altcoins.

However, could XRP’s strength see bulls rebound off support to eye new all-time highs?

XRP price – bulls fail to hold $3.00 amid crypto downturn

In the past 24 hours, XRP’s price has dropped from highs of $3.18 to lows of $2.90 across major exchanges.

While the 7% dip aligned with other top 10 coins, it’s notable that XRP slipped below the critical $3.00 threshold.

Daily trading volume rose 28% to over $8.2 billion, reflecting the level of panic selling that XRP has seen in the past 24 hours.

As noted, Ripple’s XRP dipped amid Bitcoin’s notable drop to lows near $114k.

Increased whale selling, in recent weeks, from long-dormant coins, combined with overall macroeconomic headwinds, to scattered bulls’ plans.

Per Coinglass data, these declines have led to total liquidations across the crypto market jumping 79% to more than $758 million in 24 hours.

ETH led with over $229 million in leveraged positions wiped out, and BTC saw $179 million in forced exits.

On the other hand, XRP accounted for $41 million, with most of these long positions totalling over $40 million.

A surge in liquidations, particularly, could fade bullish sentiment and allow bears to target lower levels.

The declining open interest, which fell 10% to $7.77 billion, hints at the reduced speculative activity.

Ripple price prediction

XRP’s technical outlook suggests price is revisiting a key support area, highlighted on the chart below.

XRP price chart by TradingView

On the daily chart, the Relative Strength Index (RSI) stands at 48 after retreating from overbought levels, and its dip suggests a potential continuation of the bearish momentum.

Furthermore, the Moving Average Convergence Divergence (MACD) shows a bearish crossover.

The histogram bars forming below the zero line indicate weakening momentum as bears strengthen.

If XRP price breaks below a break below $2.73, bears could accelerate the slide toward the $2.00 psychological support level.

On the flipside, a recovery above $3.00 could signal renewed momentum and allow bulls to target $3.55 and then $4.

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August 1, 2025
Bitcoin price forecast: White House crypto report omitted BTC reserve update
- White House report omitted Bitcoin reserve update.
- BTC holds steady near $118k with bullish technical signals.
- ETF inflows and low selling pressure fuel price optimism.
Bitcoin (BTC) is entering August 2025 in a position of strength, despite growing anticipation over a missed opportunity in Washington.

On July 31, the White House released its long-awaited crypto policy report, but to the dismay of Bitcoin advocates, it made no substantive update on the Strategic Bitcoin Reserve initiative first announced in March.

Nevertheless, as the federal silence lingered, market indicators revealed that BTC could be gearing up for another bullish breakout.

This disconnect between regulatory direction and market performance is reshaping sentiment as traders weigh both political cues and on-chain metrics.

White House fails to clarify on BTC reserve

For months, Bitcoin supporters had looked forward to the July crypto policy report, especially after the Trump administration signalled a pro-Bitcoin stance earlier this year.

In March, an executive order established the Strategic Bitcoin Reserve, drawing comparisons to El Salvador’s bold accumulation strategy.

Hopes were high that the report would outline further steps to expand the reserve or detail future BTC acquisitions by the US government.

However, the 166-page report only briefly mentioned the reserve initiative. Tucked away in its final section, the mention served more as a recap than an expansion plan.

While the document introduced detailed proposals on regulation, banking access, and tax reform, it failed to address whether the US would actively purchase Bitcoin as a strategic asset.

The omission disappointed many in the crypto community. Several analysts called it a missed opportunity, especially given Bitcoin’s growing stature on the global asset leaderboard.

Still, others viewed the report’s tone as a step forward, with Bitcoin now being discussed independently from other digital assets — a clear sign of evolving recognition.

Bitcoin (BTC) is resilient despite political ambiguity

Even without direct government support through reserve accumulation, Bitcoin’s performance remains robust.

The cryptocurrency surged to a new all-time high of approximately $123,000 on July 14.

After a modest correction, it has been consolidating in a tight range between $117,000 and $118,000, currently trading at $118,383.

This steady behaviour comes even as the broader crypto market has experienced more dramatic swings.

The contrast has sparked speculation that Bitcoin’s price is preparing for a sharp move. Given the current low selling pressure and increased institutional interest, any upward shift could gather momentum quickly.

The GENIUS Act, signed recently into law, also added to Bitcoin’s tailwinds by making stablecoins more accessible.

Although rate cuts did not materialise in the latest Federal Reserve decision, the steady macro environment appears to be offering BTC room to rally independently.

ETF inflows and technical signals remain bullish

Market structure continues to favour the bulls. Spot Bitcoin ETFs saw massive inflows in mid-July, with over $2 billion entering the market in just two days.

BlackRock’s IBIT alone now holds more than $80 billion in assets under management. These ETFs are now among the largest Bitcoin holders, owning around 1.4 million BTC — roughly 6.6% of the total supply.

On the technical side, the MVRV ratio currently sits near its 365-day average at 2.2, historically a level that precedes major rallies.

Bollinger Bands are tightening, and the RSI remains neutral at 42.65, suggesting there’s still room for price expansion.

Going by the technical analysis, if BTC breaks above $119,900, a return to its all-time high could be swift.

Trade volume also supports this outlook. In the past 24 hours alone, Bitcoin’s volume rose by 12%, reaching $70.3 billion.

This growing activity, paired with strong holding behaviour among long-term investors, signals that upward pressure could intensify in the coming days.

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July 31, 2025
PayPal launches “Pay with Crypto” to help US merchants accept digital asset payments
- Businesses can now accept over 100 cryptocurrencies with near-instant conversions.
- Pay with Crypto reduces transaction costs by up to 90%.
- US merchants are now connected to a $4T market and over 650M crypto users
Indeed, the latest stablecoin regulation in the United States was a game-changer.

Besides bolstering bullish momentum, the GENIUS Act has seen many firms stepping deeper into the future of fintech.

To support the increasing cryptocurrency adoption, PayPal has rolled out Pay with Crypto.

The new product will allow US-based merchants to accept payments in over 100 different coins, including stablecoins, Bitcoin, Ethereum, and Solana.

PayPal has launched “Pay with Crypto,” enabling U.S. merchants to accept over 100 cryptocurrencies—including BTC, ETH, USDT, and SOL—with near-instant conversion to fiat or stablecoins and a low 0.99% transaction fee. pic.twitter.com/4Gi3cA2Dv4

— Wu Blockchain (@WuBlockchain) July 28, 2025

The best part. Businesses can automatically convert the received tokens to stablecoin or fiat with a 0.99% transaction fee.

The new feature reduces the costs traditionally linked to cross-border transactions.

Most businesses that operate internationally suffer from high fees, complex banking requirements, and delays.

PayPal aims to solve this through a smoother payment process.

It also unlocks global growth with a borderless customer base.

PayPal CEO and President Alex Chriss says:

Businesses of all sizes face incredible pressure when growing globally, from increased costs for accepting international payments to complex integrations. Today, we’re removing these barriers and helping every business of every size achieve its goals.

Solving the international payment crisis

Businesses globally lose billions yearly through international payment models.

Delayed settlements, unpredictable exchange rates, and credit card fees have dented global trade.

That is where Pay with Crypto comes in.

PayPal introduces instant crypto-to-stablecoin or fiat conversion in an already colossal financial infrastructure.
Furthermore, merchants will not have to worry about the technical side of digital asset transactions.

PayPal promises to handle everything, including minimizing volatility, to ensure simplicity without compromising speed and security.
Also, merchants can use PayPal’s Pay with Crypto to increase their profit margins.

For instance, they will enjoy up to 90% lower processing fees compared to credit cards.

Also, businesses that hold their funds as PYUSD (PayPal’s stablecoin) will earn rewards.

Chriss added:

Imagine a shopper in Guatemala buying a special gift from a merchant in Oklahoma City. Using PayPal’s open platform, the business can accept crypto, pay lower fees, and grow their business – all in one simple step.

What’s next?

All merchants in the US will access PayPal’s Pay with Crypto feature in the coming weeks, allowing them to receive payments in over 100 supported digital tokens.

Businesses can link with trusted wallets like Coinbase, Exodus, OKX, and MetaMask to enjoy instant conversion from crypto to stablecoins like USDT or fiat.

United States citizens will soon use digital currencies like ETH, BTC, and SOL to pay for goods and services.

Meanwhile, PayPal is establishing itself as a pioneer amid growing crypto adoption.

Recently, it integrated with Arbitrum to support PYUSD growth.

Moreover, OKX tapped PayPal to simplify cryptocurrency purchases across Europe.

These developments come as digital currencies gain ground in the financial landscape.

The global crypto market cap hovers at $3.93 trillion after correcting from recent highs above $4 trillion.

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July 28, 2025
Optimism price spikes as OP lands on South Korea’s largest crypto exchange
- Optimism price increased by more than 13% to highs of $0.84 amid gains for PancakeSwap, Ethena and SPX6900.
- Upbit, South Korea’s leading crypto exchange, announced the listing of the Ethereum layer 2 scaling solution’s native token OP.
- The price of OP could explode 100% as bulls eye $2.
Optimism (OP) price is up double-digits, mirroring moves by PancakeSwap, Ethena and SPX6900 as top altcoins by 24-hour gains.

Gains for the native token of the Ethereum layer 2 scaling solution come amid a major boost from Upbit, South Korea’s dominant crypto exchange.

With new trading pairs set to launch for OP, price could follow.

South Korea’s Upbit adds support for Optimism

Upbit, a titan in South Korea’s crypto landscape, is rolling out new trading pairs for Optimism (OP).

The exchange said this in an official announcement posted earlier today.

In it, Upbit confirms that trading support will kick off at 16:30 KST, bringing massive trading volume and liquidity to OP.

With South Korea being a big crypto market, this news has buoyed OP’s daily volume and price.

As noted, Optimism has managed an impressive 13% spike from its recent trough of $0.71 to a peak of $0.84.

The surge is accompanied by a staggering 420% spike in trading volume, which surged past $700 million.

It’s a reaction that reinforces Upbit’s reputation as one of crypto’s biggest exchanges by daily volume.

The listing may bolster bulls and bring new highs into the picture.

OP has also traded higher in recent weeks after $956 billion asset manager Hamilton Lane expanded its flagship fund, Senior Credit Opportunities Securitize Fund (SCOPE), to Optimism and the Ethereum mainnet.

Optimism price forecast: Another 100% gain for OP?

As the crypto market holds onto bullish sentiment and analysts say altcoin season is yet to unfold, one of the coins to watch is Optimism.

The OP token teeters on the verge of a breakout, with Upbit’s listing a potentially huge catalyst.

Notably, the exchange’s vast user base and low 0.05% KRW trading fees could propel OP into the spotlight, potentially attracting both retail and institutional players.

A look at technical indicators shows bulls have an upper hand.

Optimism price chart by TradingView

The daily chart has a rising Relative Strength Index (RSI), which signals robust buying pressure.

OP’s price outlook is also positive as indicated by the Moving Average Convergence Divergence (MACD), currently sporting a bullish crossover.

While Optimism price hovers near $0.82 at the time of writing, upside momentum amid fresh retail demand could help push it past $1.

The token last traded at highs of $1.2 in April. If buyers reclaim this level, a break to $2 and YTD peak of $2.1 is likely.

However, if sellers emerge amid the Upbit listing-driven hype, primary support levels are around $0.74 and $0.68.

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July 28, 2025
A crypto crutch for Tesla? How a 30% Bitcoin rally is propping up a challenging earnings picture
- Tesla’s Bitcoin (BTC) holdings are now worth ~$1.2 billion after a 30% BTC price rally in Q2.
- A new US accounting rule (FASB) now allows Tesla to report the fair market value of its crypto holdings quarterly.
- Tesla has not bought or sold any Bitcoin for eight straight quarters, with its holdings unchanged at a cost basis of $184M.
Tesla’s significant Bitcoin holdings are now worth approximately $1.2 billion, thanks to a powerful 30% rally in the cryptocurrency’s price during the second quarter of this year.

This paper gain, highlighted by a recent change in US accounting rules, provides a bright spot in an otherwise challenging earnings report for the electric vehicle giant, which saw its core automotive revenue decline for a second straight quarter.

According to its latest earnings report, Tesla’s Bitcoin stash has benefited significantly from the crypto market’s recent strength. Bitcoin is currently trading at around $118,000, a substantial increase from its price of $83,000 on April 1.

Based on data from BitcoinTreasuries.Net, which lists Tesla as holding 11,509 BTC, the automaker is the tenth largest publicly traded company to hold the crypto asset on its balance sheet.

This gain is now more visible to investors due to a new rule approved by the Financial Accounting Standards Board (FASB). Effective from the first quarter of 2025, the rule allows companies to report the fair market value of their crypto holdings each quarter.

Previously, corporate holders like Tesla were required to report their crypto assets at the lowest value they reached during the holding period, a method that often failed to reflect market recoveries.

This meant that even if Bitcoin’s price rebounded, those gains would not be reflected on the balance sheet.

Now, Tesla’s Bitcoin gains can be recognized each quarter, providing shareholders with a much clearer view of the asset’s performance.

While its crypto holdings have appreciated, Tesla’s core business is facing significant headwinds.

The company reported second-quarter revenue of $22.5 billion, which, according to one set of figures in the source text, missed analyst estimates of $22.74 billion.

Adjusted earnings per share of $0.40 also reportedly fell below the expected $0.43.

A clear point of weakness was the company’s automotive revenue, which fell by 16% year-over-year, marking the second consecutive quarterly decline.

This follows a report from early July, in which Tesla had already disclosed a 14% drop in its Q2 vehicle deliveries, to 384,000 units.

The company’s stock performance reflects these struggles. Shares of TSLA are down roughly 18% this year, a stark underperformance compared to other big tech names and the broader Nasdaq Composite, which is up about 9% in 2025.

Adding to its challenges, Tesla has delayed its affordable “Model 2” EV, leaving the field open for its rivals.

Chinese EV makers, in particular, are aggressively pushing cheaper, tech-laden vehicles that are steadily eating into Tesla’s global market share.

The sound of silence: Tesla’s unchanged Bitcoin treasury

Despite the significant market value of its crypto holdings, Tesla did not mention Bitcoin once in its second-quarter 2025 financial filing.

This silence is not new. The company has not added to or sold any of its Bitcoin for eight consecutive quarters.

According to the 10-Q form filed with the SEC on July 23, the company’s digital asset holdings remain unchanged at a cost basis of $184 million, the same value it reported in the first quarter of 2024, with no impairment losses or gains noted this time either.

Tesla had initially made a bold move into the crypto space, purchasing $1.5 billion worth of Bitcoin in early 2021. Since then, however, it has sold off the majority of its holdings, with the last major sale occurring in the second quarter of 2022, when it offloaded roughly 75% of its BTC stash.

Despite the recent financial and political turbulence surrounding the company, Tesla appears to be holding firm on its current crypto position—for now.

But with mounting pressure from declining revenues and various reputational hits, investors will be watching closely for any future changes to the company’s digital asset strategy.

Following the earnings release, shares of TSLA were up a slight 0.71% in post-market trading, with the stock trading at $331.56.

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July 24, 2025
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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July 18, 2025
Why is ZK proof altcoin Lagrange (LA) dropping amid a rally in crypto market
- Lagrange (LA) drops 22% despite Binance listing and market rally.
- LA price currently hovers near key support at $0.3902 after a sharp correction.
- The recent price drop follows June’s 216% surge after Coinbase listing.
Lagrange (LA), a zero-knowledge proof altcoin designed to power advanced blockchain computations, is experiencing a sharp price decline even as broader crypto markets enjoy a bullish momentum.

The downturn comes at a time when major coins like Bitcoin (BTC) and Ethereum (ETH) are climbing, leaving investors wondering why Lagrange is bucking the trend so dramatically.

Although the project has been praised for its cutting-edge infrastructure, recent events seem to be reshaping market sentiment around the LA token.

Binance listing triggered unexpected sell-off

Just days ago, Binance, the world’s largest crypto exchange, announced its official support for Lagrange (LA), listing the token on several of its services, including Binance Simple Earn, Convert, Margin, and Buy Crypto.

Contrary to expectations, the news did not boost LA’s price; instead, it marked the beginning of a rapid downturn, with the asset plummeting from a seven-day high of $0.676 on July 9 to $0.416 within 24 hours.

This decline continued into July 11, as Lagrange (LA) shed an additional 12.2% in daily trading, settling at $0.3996 despite the high trading volume of over $164 million.

While exchange listings typically trigger price surges, some analysts suggest that the Binance announcement may have encouraged profit-taking from traders who had anticipated the news.

A brutal 7-day correction

The recent 7-day trend has not been kind to Lagrange, with its price tumbling by over 22%, placing it near a key support zone between $0.3902 and $0.4554.

With broader market sentiment remaining positive, LA’s decline is unusual and hints at token-specific dynamics at play rather than market-wide weakness.

Currently, the altcoin is hovering just above a crucial technical level at $0.3902, and failure to hold this support could lead to further downside.

However, if buyers manage to regain control, analysts say a short-term rebound toward $0.4800 or even $0.5000 remains within reach.

Notably, the decline follows a recent rally in June, when LA surged by over 216% after being listed on Coinbase, rising from $0.253 to $1.50 in just a day.

That spike, while impressive, may have set the stage for a correction, especially with the token hitting an all-time high of $1.72 on June 6 before reversing course.

Since then, LA has dropped nearly 77% from its peak, creating growing concerns among traders about the sustainability of its gains.

This rapid boom-and-bust cycle has made LA a volatile token to watch, particularly for short-term traders navigating resistance and support zones.

Where does Lagrange (LA) go from here?

While Lagrange’s recent price trajectory is troubling for holders, the asset is approaching technical levels that could invite fresh buying interest.

Should Lagrange (LA) maintain support above $0.3900, there is potential for a modest rebound in the short term, particularly if positive momentum from the broader market spills over.

On the other hand, a breakdown below this level could lead to increased selling pressure, potentially pushing the token toward new lows.

For now, investors are advised to watch market signals closely and weigh the risks of volatility against the project’s strong technological foundation.

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July 11, 2025