Bitcoin (BTC) rebounded from a local low near $114,800, closing last week about 2.1% higher at $119,580 and turning the range floor into tentative support, according to Bitfinex Alpha’s July 28 report. The recovery has stabilized spot prices, but derivatives data suggest a more fragile backdrop as leverage rebuilds across major and altcoins. Leverage runs […]
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SOL looks poised for a longer-term rally toward $260, but a few key changes need to happen first.
A tentative calm settled over global markets on Monday as Washington and Beijing agreed to push their tariff truce out by another 90 days. The news was a welcome relief, at least in the crypto front, as Bitcoin traders set their sights on the next target: $120,000 Related Reading: Bitcoin’s New Clock: How Wall Street Killed The Old Cycle, According To Expert Talks resume in Stockholm, with both sides saying they won’t slap on new duties during that window. It’s a relief for companies reeling from duties on more than $700 billion in goods since 2018. Third Round Talks Underway According to reports, negotiators will build on meetings in Geneva and London. They plan to tackle old fights over tech rules, digital services and forced transfers of know‑how. Business leaders have already paused major moves, waiting to see if the break holds. A fresh round of face‑to‑face diplomacy seems meant to avoid sudden shocks to farms, factories and supply chains. Early signals from Beijing suggest a willingness to talk, even as economic growth slows at home. In the last trade round, tariffs jumped to highs of 25% on key items like semiconductors and soybeans. Now both sides seem to be testing whether a temporary stop can become a stepping stone to deeper fixes. China Raises Fentanyl Tariff Issue A new wrinkle in the discussions involves fentanyl‑related chemicals. Based on reports, China wants US President Donald Trump’s administration to lift duties on certain precursors used in opioid production. Beijing argues that those taxes are making it harder to track illegal shipments, even as overdose deaths surge in the US. American officials have blamed Chinese suppliers for feeding a crisis that kills tens of thousands each year. In retaliation, Washington hit chemical imports with extra levies. Now China is pushing for a shift toward sharing lab data and law‑enforcement tips instead of sticking with punitive charges. Washington faces a tricky choice. Domestic pressure is intense, with voters demanding tough action on both drugs and trade ahead of a high‑stakes election. Bitcoin Up As Businesses And Markets On Edge Markets reacted quietly at first. Stocks held near flat lines, while traders eyed the pause as a temporary balm. Cryptocurrencies, however, showed more drama. Bitcoin jumped to $119,380—up 2% over 24 hours—even though daily volumes fell by 8.7% to $50 billion. Related Reading: Asia’s Bitcoin Giant Metaplanet Adds 780 BTC In Massive Crypto Bet At current levels, Bitcoin sits just 2.88% below its July 13 peak of $123,102. Network data also hit a record hashrate of 932 EH/s, with difficulty at 127.62 trillion. Analysts caution against reading too much into a single headline. Low volume can fuel sharp swings, and crypto markets often move on a mix of factors from ETF flows to miner activity. Featured image from Getty Images, chart from TradingView
Democrats continue to object as this week promises more developments in the White House's strategy to get digital assets involved in U.S. economic mainstays.
Solana (SOL) price has entered a crucial sell wall between $170 and $203, which has resulted in multi-weeks of choppy markets since March 2024. The large-cap altcoin, with a fully diluted valuation of over $112 billion, has attempted to regain bullish momentum to mirror Ethereum (ETH) and Binance Coin (BNB). Furthermore, the wider altcoin market …
The surge in interest in the series was likely caused by GameSquare issuing $5.15 million in preferred shares to purchase Punk #5577.
Data shows Bitcoin is preparing for a sharp breakout from its range-bound action in the next few days.
Grayscales Decentralized AI Fund offers accredited investors exposure to TAO, NEAR, and more, targeting the AI and crypto intersection.
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Mill City Ventures' stock is up over 270% since last week.
Tron Inc. has filed to raise up to $1 billion as part of an ambitious push to grow its TRX token reserves, capitalizing on a dramatic surge in its stock following a recent merger. The company, formerly known as SRM Entertainment, disclosed the fundraising plans in a Form S-3 registration statement with the U.S. Securities […]
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Bitcoin continues to consolidate between $115,000 and $120,000, with bulls maintaining control despite the lack of a breakout above $123,000. What stands out in this range-bound structure is the clear demand concentration around $117,000. According to Glassnode’s BTC Cost Basis Distribution Heatmap, this level has consistently attracted buying interest, acting as a key area where capital rotates into Bitcoin. Related Reading: Bitcoin Endures One Of The Most Intense Bear Weeks Of This Bull Cycle – Details The heatmap reveals dense clusters of cost basis activity near key price levels. This reinforces its role as short-term support and a psychological anchor for bulls. As long as this zone holds, the risk of a full breakdown remains limited—even as BTC struggles to reach new highs. However, repeated rejections near $120K and muted momentum raise concerns that upside exhaustion could eventually lead to deeper downside. If demand at $117K begins to fade, price may quickly revisit lower levels in search of fresh support. For now, though, on-chain data shows that accumulation remains healthy, and this zone could be the foundation for Bitcoin’s next attempt to reclaim the highs. $117K Becomes Bitcoin’s Accumulation Stronghold as Market Shifts Bitcoin’s $117,000 level has emerged as a key accumulation zone, with approximately 73,000 BTC now held at this cost basis, according to the latest data from Glassnode. This reinforces the idea that buyers continue to step in on every dip, absorbing selling pressure and stabilizing price action within the current range. The BTC Cost Basis Distribution Heatmap shows a consistent buildup of demand in this area, highlighting investor confidence around this support zone. What makes this cycle particularly unique is the presence of legal clarity and accelerating institutional adoption in the US. Unlike previous cycles, where price action was often driven by retail speculation and extreme volatility, today’s structure appears more measured. Regulatory progress—especially around spot Bitcoin ETFs and clearer custody frameworks—has attracted a wave of long-term capital. This influx of institutional demand is not only stabilizing the market but also making it less reactive to short-term swings. However, Bitcoin’s calm price action may not last much longer. As Ethereum gains momentum, driven by rising open interest and on-chain activity, capital is beginning to rotate into altcoins. Historically, such transitions have marked the end of Bitcoin-led phases and the beginning of broader market expansions. If ETH and altcoins continue to accelerate, Bitcoin’s tight trading range could break—either leading to a catch-up rally or a temporary pause as capital rotates elsewhere. Related Reading: Ethereum CME Futures Open Interest Hits Record $7.85B – Is ETH Overheating? BTC Range Narrows As Price Holds Between Key Levels The 8-hour chart shows Bitcoin consolidating tightly between $115,724 and $122,077, with the price currently hovering around $118,762. Despite a lack of strong momentum, the structure remains bullish as BTC holds above all major moving averages—the 50 SMA ($118,185), 100 SMA ($113,521), and 200 SMA ($109,754). This alignment signals continued trend strength, with short-term dips being supported by buyers. Volume has declined during the consolidation, a typical sign of a neutral phase where market participants await a breakout. Notably, each pullback toward the lower boundary near $115,700 has been met with strong demand, confirming this zone as key support. Meanwhile, resistance at $122,000 continues to cap bullish attempts, forming a clear range that will likely define Bitcoin’s next move. Related Reading: TRON Sees $1B USDT Mint: Liquidity Wave Incoming? If BTC can reclaim $120,000 with a strong surge in volume, a breakout toward new all-time highs above $123,000 becomes likely. Conversely, a breakdown below $115,700 could trigger a sharper correction toward the 100 SMA around $113,500. For now, all eyes remain on whether bulls can sustain pressure and flip resistance, or if sellers regain control near the top of the range. The current setup favors patient accumulation as the market prepares for its next directional move. Featured image from Dall-E, chart from TradingView
SUI reversed gains from an overnight rally amid a broader crypto sell-off and rising U.S. Dollar Index.
Several listed companies announced plans to create BNB crypto treasuries recently, including CEA Industries (VAPE), teaming up with Binance founder CZ's family office.
Metaplanet, SharpLink, BTCS, Marathon, Upexi, Mill City and more are rapidly expanding public crypto treasuries with fresh BTC, ETH, SOL, BNB & SUI buys.
Ethereum (ETH) showed signs of cooling volatility after failing to break above the $4,000 resistance level over the weekend. Despite strong momentum earlier this month, the price was firmly rejected near this psychological level, raising concerns about a potential selloff. This is due to weakening buying pressure and low volatility, according to on-chain data. Some …
PC game Chemia appears to have been removed from Steam after a cybersecurity firm said the game was loaded with crypto-jacking malware.
The former penny stock is riding a 1,300% rally post-merger, as it looks to deepen its crypto treasury strategy with a billion-dollar funding push.
Upexi adds $500 million in flexible capital through a new equity line agreement, giving it more firepower to scale its SOL holdings and staking strategy.
Cboe BZX Exchange has filed for an exchange-traded fund that would track the native asset of the Injective blockchain.
The move reflects rising institutional appetite for yield-generating crypto exposure, according to SOL Strategies.
BNB Chain’s Maxwell upgrade and over $600 million in institutional accumulation may fuel the next leg up for BNB price toward $1,000 and even higher.
Other crypto ETF applications, including the Grayscale Solana Trust and Canary Capital Litecoin ETF, were also postponed.
NEAR encounters pronounced reversal amid heightened trading volumes as institutional selling pressure materialises near critical technical thresholds.
The billionaire founder of Bridgewater Associates recommended that a risk-adjusted portfolio allocate 15% to gold or bitcoin.
Cosmos’ native token posts strong technical breakout with rising volume and higher lows, as traders eye Bitcoin’s next move for broader altcoin direction.
The sale raises questions about the true active supply of Bitcoin and the potential for dormant whales to emerge as prices continue to push all-time highs.
PayPal has launched a new initiative, “Pay with Crypto,” aimed at streamlining global commerce and significantly reducing the cost of cross-border transactions, according to a July 28 statement. According to the company, the service offers merchants a 90% reduction in international transaction fees compared to traditional credit card processors. Pay with crypto This is made […]
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A crypto analyst has issued a bold new forecast on the future trajectory of Bitcoin (BTC), claiming that the era of parabolic bull runs and painful bear markets is over. In its place, he envisions a slower, more institutionally driven path toward long-term growth. Looking ahead, the analyst believes that Bitcoin could reach $1,000,000 in the next decade. Bitcoin Road To $1,000,000 Will Be Slow In an X social media post, Mitchell Askew, a crypto market expert and the Head of Research at Blockware, shared his long-term bullish outlook for Bitcoin, predicting that the flagship cryptocurrency is set to hit $1,000,000 within the next 10 years. However, he noted that this massive price surge won’t come from explosive bull runs previously seen in 2013 or 2017. Related Reading: The Final Bitcoin Act: Here’s What To Expect As BTC Trends Sideways According to the analyst, Bitcoin has moved past the age of parabolic price surges followed by crushing drawdowns. Rather than repeating past cycles of 10,000% gains in a year trailed by a 75% crash, the flagship cryptocurrency is now exhibiting a much more controlled and less dramatic growth pattern. He believes that the cryptocurrency’s rise to $1,000,000 could unfold through a cycle of pumps followed by prolonged consolidations, making it a slow climb. This gradual growth style will likely discourage short-term speculators and casual investors, allowing only those with long-term conviction to benefit. Askew’s bold BTC forecast and speculations about a slower growth trajectory are rooted in his belief that the cryptocurrency’s price action has fundamentally changed following the launch of Spot Bitcoin Exchange Traded Funds (ETFs). The introduction of this investment product in early 2024 marked a turning point for BTC, transforming it into a more stable and institutionalized asset class. Notably, since the approval of the Bitcoin ETF, the analyst asserts that the most significant drawdown the cryptocurrency has faced is about 30%—a stark contrast to the extreme volatility of the past. While Bitcoin remains volatile by traditional standards, the nature of its price swings has considerably shifted, pointing to broader stabilization in the market. In this environment, private miners, particularly those affiliated with BlockwareTeam, are expected to benefit the most. By continuously mining at a lower cost and taking advantage of tax incentives like a 100% bonus depreciation on hardware, they stand to profit steadily as Bitcoin climbs higher. Askew believes that this evolution is not overly optimistic or bearish, but rather a logical progression as BTC matures into a mainstream financial asset with increasing institutional involvement. Analyst Warns Against Unrealistic Short-Term Gains In his analysis, Askew noted that the expectation that Bitcoin could surge to $500,000 in just five months, or that identifying a precise cycle top will lead to easy profits, is now considered unrealistic. The analyst warned investors against overly bullish sentiment in the short term or relying on outdated cycle theories. Related Reading: Hold On For Dear Life: This Bullish Bitcoin Metric Just Touched A 15-Year High He suggests that trying to time market tops based on past halving cycles may leave investors sidelined while Bitcoin continues its slow and steady climb throughout the Trump administration. Featured image from Getty Images, chart from Tradingview.com
Ether is showing renewed strength as rising demand, high network activity, and bullish technicals align to support ETH’s push above $4,000.
LetsBonk debuted in April, and has continued eating into Pump.fun’s market share.