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  • CYBER price explodes 80% to YTD high above $4.5: here’s why

    CYBER price explodes 80% to YTD high above $4.5: here’s why

    • Cyber price rose 80% in 24 hours to hit $4.5.
    • Broader market sentiment and Upbit listing catalysed the gains.
    • If the broader crypto market continues its upward trend, CYBER price could target a new all-time high.

    Cyber (CYBER), the native token of the CyberConnect ecosystem, has witnessed an impressive 80% surge in 24 hours to hit highs of $4.5, its highest level since January 2025.

    This explosive price gain has captured the market’s attention, with daily volume spiking more than 825% to over $410 million.

    Meanwhile, the market cap has jumped to over $154 million. Per data from CoinMarketCap, CYBER ranks as the best performing altcoin in the top 500 by market cap, outpacing peers.

    Why is Cyber price skyrocketing?

    Cryptocurrencies bounced as Bitcoin broke to $122k before retreating, and Cyber price picked up momentum amid this move.

    However, the likely trigger for CYBER’s sharp gains in the past 24 hours looks to be the official listing of the token on Upbit, the largest crypto exchange in South Korea.

    On August 12, 2025, Upbit announced trading support for CYBER with Korean won and Tether (USDT).

    The CYBER/KRW and CYBER/USDT pairs going live on the exchange have injected fresh liquidity and visibility for the token, attracting further buy-side pressure.

    Upbit’s decision to support CYBER adds to the excitement around the decentralised social platform, with CYBER seeing its biggest jump in nearly eight months.

    Cyber treasury strategy

    As well as the Upbit listing, bullish market sentiment around altcoins is key to CYBER price gains.

    Cyber Foundation also recently announced the major milestone that saw NYSE-listed company Enlightify Inc become the first publicly-traded company to initiate a treasury strategy for CYBER.

    Enlightify plans to accumulate up to $20 million worth of CYBER tokens for the next 12 months.

    This trend has driven the Ethereum price to above $4,300 and helped Solana, XRP and other top alts to retest key supply wall areas.

    CYBER price could benefit from such a trend.

    “Institutional engagement with digital assets has long centered on passive BTC or ETH holdings. Enlightify’s plan to build a treasury position in CYBER—the native token that powers Cyber’s decentralized AI and social infrastructure—signals a broader shift toward recognizing the long-term value of specialized blockchain networks,” the Cyber team noted.

    CYBER price forecast: is a new all-time high next?

    Elsewhere, the technical outlook for CYBER suggests room for further growth.

    Cyber price chart by TradingView

    Breaking through key resistance levels near $4.0 amid a surge in trading volume suggests upside strength.

    Indicators such as the Relative Strength Index (RSI) on the weekly chart align with the bullish momentum.

    The chart shows CYBER is not overly extended in the overbought territory.

    Bulls could aim for $6 and then $10, with the all-time high above $15 possible in 2025.

    However, the profit taking seen across the market has helped bears revisit lows of $3.15. CYBER currently trades around $3.41 and bulls need to reclaim $4.00 to have the upper hand.

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  • Bitcoin eases from $122,000 high on profit-taking; CPI report looms

    Bitcoin eases from $122,000 high on profit-taking; CPI report looms

    Bitcoin eases from $122,000 high on profit-taking; CPI report looms

    • Bitcoin’s push toward new records was stopped by profit-taking, causing a price retreat from a high of $122,200 back to $118,500.
    • A technical gap in the CME futures market between $117,430 and $119,000 has created a potential target for a short-term price pullback.
    • Upcoming US inflation data, particularly the CPI, is considered the week’s most significant catalyst for potential market volatility.

    A promising overnight surge that propelled Bitcoin within sight of new records was cut short by a wave of profit-taking, pulling the leading cryptocurrency back and setting a cautious tone for the week.

    The market now holds its breath, caught between the allure of all-time highs and the looming shadow of critical economic data that could ignite significant price swings.

    After reaching a session high of $122,200, Bitcoin (BTC) saw its momentum fade, retreating 2.8% to land at $118,500.

    Despite the pullback, the digital asset remained slightly positive over a 24-hour period.

    In the broader crypto market, Ether (ETH) maintained its position above the $4,200 mark, while major altcoins such as Solana’s SOL (SOL), Dogecoin (DOGE), and Sui’s native token (SUI) experienced modest dips of 3%-4%.

    One technical indicator drawing considerable attention from traders is a “gap” left in the CME futures market, which, unlike the 24/7 crypto market, operates only on weekdays.

    This created a void between Friday’s closing price of $117,430 and Monday’s higher open at $119,000.[3] James Van Straten, senior analyst at CoinDesk, noted that historical precedent suggests Bitcoin often retraces to “fill” such gaps.

    “History suggests that BTC could pull back to revisit and ‘fill’ that gap,” he said.

    Economic crosswinds

    The market’s next significant directional move may well be dictated by macroeconomic forces.

    The release of the US Consumer Price Index (CPI) on Tuesday, followed by Producer Price Index (PPI) data, is circled on every trader’s calendar.

    These inflation reports are critical as they heavily influence the Federal Reserve’s monetary policy, which in turn impacts investor appetite for risk assets like Bitcoin.

    This sentiment was echoed by analysts at the crypto exchange Bitfinex, who believe the continuation of Bitcoin’s momentum is contingent on these US economic reports.

    “With market sensitivity to macro events running high, traders should prepare for increased volatility and the possibility of a retracement toward $110,000 in the near term,” the Bitfinex analysts wrote in a Monday market report.

    They added, “We believe that the ranging conditions and oscillation between the range highs and lows will continue, since price is constantly moving above and below the cost-basis of fresh buyers allowing for charged sentiments around key macro data releases.”

    A rally built on shaky ground?

    Beneath the surface of the recent price surge, however, are signs that the rally lacked broad-based participation. In a recent report, the analytics firm Glassnode described the sharp rebound from below $114,000 as a shift from “seller exhaustion to a strong rebound near recent ATHs.”

    Yet, this recovery was not accompanied by a surge in spot market buying.

    Glassnode data revealed that spot trading volumes actually fell by 22% to $5.7 billion, a figure near the statistical low, suggesting the upward price movement was driven more by strategic “positioning shifts than deep conviction buying.”

    While a metric known as the Spot Cumulative Volume Delta flipped 94% toward buy pressure—a sign that aggressive selling has subsided—it also points to renewed demand from a narrow base of traders rather than a widespread market rush.

    On the institutional front, the data presents a mixed, albeit slightly optimistic, picture. Outflows from US-listed spot bitcoin ETFs were halved, dropping to $311 million from $686 million in the preceding week, offering some relief.

    Even so, the total trade volume for these ETFs saw a 27.7% decline to $13.7 billion, indicating that overall activity remains subdued and close to its low band.

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  • SUI price: bulls eye all-time high amid spike above $4

    SUI price: bulls eye all-time high amid spike above $4

    Sui Price

    • Sui’s price is above $4.20 after surging more than 56% over the past month. 
    • The token’s rally has pushed the total value locked to all-time highs amid a surge in open interest.
    • Bulls could target the SUI all-time high of $5.35 reached in January 2025.

    Sui (SUI) has broken above $4.20 amid a notable 56% surge over the past month.

    This rally brings SUI tantalizingly close to its all-time high of $5.35, recorded in January 2025.

    It also means an impressive rally from April lows of $1.90, putting the token alongside top performers PancakeSwap, BNB and Optimism.

    Sui price jumps above $4 as TVL, open interest surge

    While Sui isn’t the standout performer in the past day or week, the token has gained over 56% in the past month.

    This has allowed it to break above $4.20 and see bulls come within reach of all-time highs witnessed in January 2025.

    Sui is also significantly up since lows of $1.9 in April 2025, with the cryptocurrency showing remarkable recovery since plummeting amid the Cetus protocol hack.

    Bulls’ dominance as top altcoins rally means Sui has experienced a notable spike in its total value locked (TVL).

    According to DeFiLlama, the project’s TVL has surpassed $3 billion, including staking, borrowings and vesting tokens.

    Key protocols like Suilend, NAVI and Bluefin have witnessed a spike in their respective TVLs to boost Sui’s.

    As well as DeFi activity, Sui is recording notable upside in the futures market.

    Per data by Coinglass, open interest in SUI has surged 10% to $2.7 billion, with strong speculative interest showing in the $7.4 billion in derivatives volume.

    Long positions dominate, suggesting overall bullish sentiment. As TVL rises and open interest grows, Sui’s market outlook becomes increasingly bullish.

    If market conditions support an upward flip, it could be a new ATH for Sui within the short term.

    Token unlocks are nonetheless a factor to watch.

    SUI price prediction

    Looking at the technical picture, SUI’s price trajectory appears upbeat.

    Technical indicators, such as the Relative Strength Index (RSI), support the bullish outlook.

    RSI currently sits at 65, having retreated from overbought territory, which means there’s room for further gains without SUI flipping immediately overheating.

    SUI chart by TradingView

    Meanwhile, the Moving Average Convergence Divergence (MACD) shows a bullish crossover.

    The MACD line is above the signal line to suggest bulls have an upper hand.

    Despite an upcoming cliff unlock, analysts predict SUI price could soon retest its all-time high of $5.35.

    Price discovery could push the token’s value even higher. However, the token unlock and short-term profit taking may derail bulls.

    SUI currently trades around $4.21, about 6% up in the past week.
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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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  • 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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  • 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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  • Bitcoin hits record high above $120K; US June inflation data awaited

    Bitcoin hits record high above $120K; US June inflation data awaited

    Bitcoin hits record high above $120K; US June inflation data awaited

    • Bitcoin (BTC) surged past $120,000 for the first time, hitting a new all-time high and up 28% year-to-date.
    • The rally follows a 48-hour choppy period that reset short-term overbought indicators.
    • Market focus now shifts to US June inflation data (CPI), expected to show a rise amid Trump’s trade war.

    Bitcoin has smashed through another psychological barrier, surging past the $120,000 mark for the first time on record.

    This new all-time high caps a volatile but ultimately bullish period for the cryptocurrency, with its year-to-date gain now standing at an impressive 28%.

    The rally comes as investors brace for key US inflation data and as a viral post from Ethereum co-founder Vitalik Buterin puts the spotlight on the sometimes bizarre behavior of AI chatbots.

    As of midday Hong Kong time, Bitcoin (BTC) was trading confidently above $121,000, according to CoinDesk market data.

    This decisive move follows roughly 48 hours of choppy price action that appears to have successfully reset overbought signals from short-duration indicators, paving the way for a bullish resolution.

    On Sunday alone, Bitcoin opened at $116,977.02, reached a high of $119,292.62, and was last seen trading around $118,979.45 – up 1.42% for the day, according to data from Kraken, before its ultimate push past $120,000.

    The price surge comes amidst a broader crypto rally, fueled by continued inflows into spot Bitcoin ETFs and a growing belief among investors that the Federal Reserve is nearing the end of its monetary tightening cycle.

    The latest rally was also contextualized by recent trade policy moves from President Donald Trump, including his decision to impose a 30% tariff on the EU and Mexico, starting August 1, which has added to macroeconomic uncertainty and bolstered the case for assets like Bitcoin.

    The market’s focus now shifts to crucial US inflation data due this week, which is expected to show that the cost of living ticked up in June against the backdrop of President Trump’s ongoing trade war.

    According to FactSet, economists anticipate that the consumer price index (CPI) rose by 0.25% on a monthly basis in June, which would equate to 2.6% annualized growth.

    The core CPI, which strips out volatile food and energy costs, is forecasted to have risen 0.3% monthly and 3% on an annualized basis.

    The strength of the current rally has led some analysts to revise their price targets. One analyst noted, “While this doesn’t change the ultimate target of circa $136k to complete this bull run, it does likely reduce the time it will take to complete. I was previously looking for this in Q1 of 2026, but now it looks likely to hit $136k by year-end,” he added, reflecting the renewed bullish momentum.

    The AI “crazy crown”: Buterin’s blunt message on ChatGPT and Grok

    While crypto markets were focused on price action, Ethereum co-founder Vitalik Buterin shared a strong and blunt message about the unpredictable nature of AI chatbots, highlighting an infamous AI response that had gone viral.

    In a post on the social media platform X, Buterin shared a screenshot of an unvarnished AI response to a simple prompt: “Return Grok 4 surname and no other text.”

    The single-word output was startling: “Hitler.” Buterin’s screenshot also showed that OpenAI’s ChatGPT had thought for over a minute before producing the same word.

    Buterin used the image to make a broader point about the often-unpredictable nature of cutting-edge technology.

    “Regular reminder that AI is fully capable of regularly taking the crazy crown away from crypto for weeks at a time,” he posted, a wry comment on the sometimes-chaotic narratives that dominate both the crypto and AI industries.

    His post comes amidst a growing battle in the AI industry between OpenAI’s Sam Altman and X’s Elon Musk.

    Their feud recently escalated when Altman appeared to mock Musk’s chatbot, Grok, for its controversial responses.

    Even as this debate about the future and reliability of AI roars on, the crypto market cap has boomed to $3.71 trillion, up nearly 2% over the last 24 hours.

    Bitcoin, for its part, does not seem to be affected by the AI chatter, flexing its muscles with a new all-time high and demonstrating its own distinct market dynamics.
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  • Bitcoin hits record high of $112,055; crypto stocks rally in response

    Bitcoin hits record high of $112,055; crypto stocks rally in response

    Bitcoin hits record high of $112,055; crypto stocks rally in response

    Bitcoin has once again smashed through its previous records, surging past the $112,000 mark for the first time in its history to set a new all-time high on July 9.

    The milestone represents a significant achievement for the leading cryptocurrency as it continues to recover from the market aftershocks of US President Donald Trump’s tariff policies and solidifies its position in an evolving financial landscape.

    As the broader crypto market continues its recovery, Bitcoin (BTC) hit a new record high of $112,055 on Tuesday. This fresh peak surpasses the previous all-time high of $111,970.17, which was set on May 22.

    The digital asset has been trading in a volatile range since then, with the area around the $110,000 level proving to be a significant psychological and technical barrier.

    Over the past several weeks, each time Bitcoin’s price neared this level, it was met with a combination of profit-taking from existing holders and increased pressure from short-sellers.

    This latest decisive break suggests a new wave of bullish momentum has taken hold.

    The journey of Bitcoin, first introduced in a 2008 white paper by its pseudonymous creator, Satoshi Nakamoto, has been remarkable.

    Launched in 2009 as the world’s first decentralized cryptocurrency, it has grown to become the largest digital asset, with a current market capitalization of $2.18 trillion.

    At the time of this report, Bitcoin accounted for nearly 65% of the total crypto market capitalization of $3.4 trillion.

    From crossing the $100 mark in April 2013 to the $1,000 mark in November of that same year, its path has been marked by staggering growth.

    It first hit the $10,000 level in November 2017 and reached a memorable peak of $69,000 in November 2021.

    Following President Trump’s victory in his second presidential election, it set a new all-time high of $76,999 in early November 2024, before crossing the landmark $100,000 target in early December 2024.

    The institutional bedrock: a maturing market

    A key factor underpinning Bitcoin’s current strength is its growing acceptance within the traditional financial system.

    With the Trump administration signaling its validation of Bitcoin through its plan to create a strategic US Bitcoin reserve, and with the continued institutional adoption led by Wall Street giants such as BlackRock (NYSE: BLK), the “king coin” appears to have found a more secure home, at least for now, within the US financial ecosystem.

    BlackRock’s iShares Bitcoin Trust, a prime example of this institutional integration, now currently owns 3.5% of the total supply of Bitcoin.

    The success of this and other spot Bitcoin ETFs has had a profound effect on institutional investment and has likely influenced the broader market optimism.

    A quiet build-up, a bullish setup?

    While the new all-time high is a headline-grabbing event, some market watchers have noted that the build-up to this moment has been relatively slow and quiet, which they interpret as a potentially bullish setup for what’s to come.

    “Crypto feels so quiet, [while] bitcoin is ready to move,” wrote Charlie Morris, chief investment officer at ByteTree, in a recent report.

    Morris pointed out that Bitcoin’s volatility has been steadily declining, a pattern that has historically preceded large upward price movements.

    This sentiment was reflected in the performance of crypto-related stocks. Shares of Strategy (MSTR) were higher by 4.4%, trading at $414, just a few dollars shy of its highest level in 2025 (though still well below its record high of $543 set late last year).

    Crypto exchange Coinbase (COIN) was ahead by 5%, and Bitcoin miners MARA Holdings (MARA) and Riot Platforms (RIOT) were both up by roughly 6%, all riding the wave of Bitcoin’s record-breaking achievement.
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  • Crypto news today: Bitcoin nears all-time high; ETH, DOGE, PEPE, ATOM show bullish signs

    Crypto news today: Bitcoin nears all-time high; ETH, DOGE, PEPE, ATOM show bullish signs

    Crypto news today: Bitcoin nears all-time high; ETH, DOGE, PEPE, ATOM show bullish signs

    • Bitcoin surged past $100K this week, fueled by strong spot ETF inflows of over $1 billion.
    • With Bitcoin nearing its all-time high, key support is now eyed around the $100,000 level.
    • Ether experienced a dramatic price jump, breaking $2,600 and targeting $3,000.

    Bitcoin has decisively reclaimed ground above the psychologically crucial $100,000 mark this week, signaling a resurgence of bullish momentum in the cryptocurrency market.

    Supported by substantial inflows into spot Bitcoin ETFs, particularly BlackRock’s IBIT fund, buyers are now attempting to consolidate these gains and potentially push towards new all-time highs.

    This renewed strength in the market leader is also igniting interest in several altcoins, prompting discussions about the potential onset of an “altseason.”

    The past week saw Bitcoin climb over 10%, with buyers successfully pushing the price through significant resistance levels.

    This rally has been notably backed by consistent institutional demand, exemplified by BlackRock’s IBIT spot Bitcoin ETF extending its inflow streak to 19 days, attracting $1.03 billion in the latest trading week alone, according to Farside Investors data.

    Technically, Bitcoin is gradually inching towards its all-time high of $109,588, indicating a measured but confident advance by the bulls who seem reluctant to book profits prematurely.

    While this strong rally has pushed the Relative Strength Index (RSI) into overbought territory – often a precursor to a short-term correction or consolidation – any pullback is anticipated to find robust support between the $100,000 level and the 20-day exponential moving average (EMA), currently around $96,626.

    A successful rebound from this support zone would significantly increase the probability of a breakout above $109,588, potentially targeting $130,000.

    However, bears still have a window to regain control.

    A swift and decisive break below the 20-day EMA could trigger a sharper decline towards the 50-day simple moving average (SMA) near $88,962.

    On shorter timeframes, strong selling pressure is expected in the $107,000 to $109,588 zone.

    A successful defense of the 4-hour 20-EMA on any dip would signal continued bullish strength, while a break below $100,000 could open the door for a deeper correction towards $93,000 or even $83,000.

    Ether (ETH) skyrockets, eyes further upside

    Ether (ETH) experienced a dramatic surge, catapulting from $1,808 on May 8 to $2,600 by May 10, showcasing aggressive buying pressure.

    This rapid ascent also pushed its RSI into overbought territory, suggesting a potential near-term consolidation or minor pullback.

    Key support levels to watch on the downside are $2,320 and then $2,111.

    If Ether finds support at these levels and turns higher, the ETH/USDT pair could extend its rally towards $2,850 and subsequently aim for the $3,000 mark.

    However, a break below the $2,111 support would invalidate the immediate bullish outlook, potentially leading to a period of range-bound trading between $1,754 and $2,600.

    On the 4-hour chart, bulls managed to push above the $2,550 resistance but struggled to sustain those higher levels.

    A positive sign is that buyers haven’t conceded much ground, suggesting they anticipate further upside.

    A break above $2,609 could trigger the rally towards $3,000, while a drop below the 4-hour 20-EMA might initiate a deeper correction towards the $2,111 support.

    Dogecoin (DOGE) breaks resistance, signals trend change

    Dogecoin (DOGE) showed a significant short-term trend change by soaring above the $0.21 overhead resistance on May 10.

    The rally is currently facing selling pressure near $0.26, which could lead to a retest of the $0.21 breakout level.

    If DOGE rebounds strongly from $0.21, it would indicate a shift in market sentiment from “sell the rally” to “buy the dip,” increasing the likelihood of a continued advance towards $0.31.

    To negate this bullish momentum, sellers would need to pull the price back below the 20-day EMA (around $0.19).

    Such a move could trap DOGE within a larger trading range between $0.14 and $0.26 for an extended period.

    Immediate support on any pullback from $0.26 is seen at $0.22 and then $0.21.

    Pepe (PEPE) rallies sharply, tests key levels

    Meme coin Pepe (PEPE) staged a sharp rally from its 50-day SMA (around $0.000008), breaking above the $0.000011 overhead resistance on May 8.

    This aggressive move has also pushed its RSI into overbought territory, signaling a potential pullback. The PEPE/USDT pair might drop to retest the $0.000011 breakout level.

    If this level holds as support, it would strengthen the bullish case for a rally towards $0.000017 and then $0.000020.

    Conversely, a break below the 20-day EMA (around $0.000009) would invalidate this optimistic outlook.

    On the 4-hour chart, bears are aggressively defending the $0.000014 level.

    A pullback to the 4-hour 20-EMA is a critical support to watch; a bounce could lead to another attempt to break $0.000014, while a failure could see PEPE slide back to $0.000011 or even the 50-SMA.

    Cosmos (ATOM) breaks out of base, targets higher levels

    Cosmos (ATOM) signaled a potential trend change by closing above the $5.15 resistance on May 10, breaking out of a large basing pattern.

    However, bears are expected to defend this level strongly.

    If they succeed in pushing the price back below $5.15, aggressive bulls could be trapped, leading to a pullback towards the moving averages.

    If buyers can sustain the price above $5.15, the ATOM/USDT pair could gain significant momentum and rally towards $6.50.

    While sellers will likely attempt to halt the advance there, a successful break above $6.50 could open the path towards $7.50.

    The sharp rally has pushed the 4-hour RSI into overbought territory, suggesting a short-term correction or consolidation.

    Bulls must defend the $5.15 level to maintain momentum towards $6.60. A break below $5.15 could lead to a deeper correction towards the 20-EMA or even $4.70.

    While some analysts debate whether a full-blown “altseason” has truly begun, given the modest recovery of many altcoins from their significant drawdowns, the recent price action across several key cryptocurrencies suggests a renewed bullish appetite in the market.

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