The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin remains in a tight consolidation range after setting a new all-time high above $123,000 just 10 days ago. The current range, between $117,000 and $120,000, reflects a pause in momentum as the market digests recent gains and prepares for its next major move. While volatility has cooled, underlying metrics suggest that the broader trend may still have room to run. Related Reading: Tron Outpaces Ethereum In Fee Revenue – TRX Burn Accelerates One key indicator drawing attention is the percentage of supply active in the past 180 days (% Supply Active). This metric has historically surged during major macro turning points. In spring 2024, as BTC approached $70,000, % Supply Active climbed to 20%. It rose again to 18% in December 2024, when Bitcoin first broke through the psychological $100,000 barrier. These spikes reflected long-dormant coins moving out of storage—often interpreted as early signals of broader distribution phases beginning. Currently, the market is showing only initial signs of renewed supply activity, suggesting that we may still be in the early stages of this cycle’s distribution phase. As long-term holders remain relatively inactive and Bitcoin trades near record levels, the stage may be set for further upside if accumulation resumes and new capital enters the market. Supply Activity Signals Early Stage Of Bitcoin Macro Expansion Top analyst Axel Adler recently shared key insights pointing to a potential early phase in Bitcoin’s ongoing macro cycle. According to Adler, supply activity began rising in June 2025 as BTC crossed the $100,000 mark. Over the past 30 days, this metric has climbed from negative territory to +2.4%, signaling the beginning of a shift in holder behavior. While the increase confirms early signs of distribution, it remains modest compared to previous cycle peaks. Historically, major bull markets see this 30-day % Supply Active rise dramatically. Adler highlights that the current pace lags behind prior peaks—like those seen when BTC reached $70,000 in spring 2024 or when it breached $100,000 in December 2024—suggesting that the market still has a considerable buffer before entering a heightened distribution phase. This delayed spike in activity implies that most long-term holders remain committed and are not yet ready to offload their coins. As Bitcoin consolidates near the $120,000 level, this growing yet restrained activity indicates a healthy cycle structure. Adler predicts that if BTC continues to climb and hold above $120,000, the 30-day % Supply Active will likely move into the 8–10% range. Ultimately, it could revisit the 18–20% zone seen at past distribution tops. Related Reading: Ethereum Big-Money Flow Hits 3-Year High With $100B In Weekly Volume BTC Holds Strong Above $115K Amid Consolidation The 12-hour Bitcoin chart reveals a clear consolidation phase following the recent all-time high. BTC is currently trading around $118,267, trapped in a tight range between the $122,077 resistance and the $115,724 support. Despite a minor rejection from the $120K area, the structure remains bullish as long as price holds above the 50 and 100-period SMAs, which are now aligned between $113K and $110K—signaling solid mid-term support. Volume shows decreasing momentum during this consolidation, typical of a healthy pause after a strong breakout. BTC previously surged above $120K on strong volume, but has since failed to establish a new high, instead forming a sideways pattern. This suggests market indecision or accumulation before the next leg. Related Reading: Bitcoin Whale Metrics Flash Mixed Signals: Monthly Inflows Rise And Daily Outflows Start Slowing A break above $122,000 could trigger the next push toward the $130K level, while a breakdown below $115,724 would open room for a deeper retrace, potentially toward the $113,000 area near the 50-SMA. As long as buyers defend the lower range, the trend remains intact, and a breakout seems likely—especially if macro indicators or on-chain signals support further upside. Featured image from Dall-E, chart from TradingView
New U.S. stablecoin legislation is driving a significant increase in stablecoin issuance from banks, asset managers, and tech companies. Industry experts, including Chainlink co-founder Sergey Nazarov, say clearer regulatory guidelines are encouraging more players to enter the market. Chainlink is noted for providing essential data, interoperability, and compliance tools that support the large-scale creation of …
The court vacated the previous $9 million ruling against Ryder Ripps, sending the case back to a lower court for a trial.
The AI Action Plan could reshape global power dynamics, enhancing US economic and military influence while prioritizing ethical AI use.
The post White House launches America’s AI Action Plan to strengthen US dominance in artificial intelligence appeared first on Crypto Briefing.
Robinhood has introduced staking for Ethereum (ETH) and Solana (SOL) to its U.S. customers, enabling them to earn rewards by locking their crypto assets on the platform. The feature requires a minimal stake, making it accessible for a wide range of investors. This launch broadens Robinhood’s crypto services amid growing demand for passive income opportunities …
NEAR’s sharp drop highlights broader fragility in crypto markets as traders brace for continued volatility.
The United States and European Union are reportedly close to finalizing a trade agreement to set tariffs at 15% on select imports, according to the Financial Times. This deal aims to reduce escalating trade tensions and prevent the implementation of higher tariffs threatening both economies. The proposed 15% tariff rate marks an increase but remains …
ICP declines as broad altcoin-market retreat overwhelms Bitcoin DeFi infrastructure news.
Last week, Ethereum (ETH) spot trading volume surged to $25.7 billion, surpassing Bitcoin’s (BTC) $24.4 billion for the first time since June 2024. This milestone pushed the ETH/BTC spot volume ratio above 1, highlighting a notable shift in market dynamics. Analysts attribute this trend to growing investor interest in Ethereum’s ecosystem and broader adoption of …
Cosmos Hub’s native token plunged as intense distribution activity weighed on prices, while late-session volatility suggests fragile recovery prospects.
New Zealand’s financial watchdog outlawed crypto ATMs, citing regulatory gaps and AML concerns and raising questions about retail access and compliance.
The Senate Agriculture Committee will release its draft bill on CFTC regulation of digital commodities in early September. The legislation aims to clarify regulatory authority by assigning the CFTC oversight of cryptocurrencies like Bitcoin and Ethereum while leaving digital securities under the SEC’s jurisdiction. The draft will propose new registration requirements for digital asset intermediaries …
Nature's Miracle's XRP treasury initiative may accelerate crypto adoption in corporate finance, influencing broader market trends and strategies.
The post Agtech firm Nature’s Miracle launches $20M XRP treasury, eyes long-term yield generation via staking appeared first on Crypto Briefing.
XRP, Solana, BONK, Hyperliquid, TRX, and ENS are dominating trader focus today as on-chain momentum and breakout patterns fuel a wave of altcoin attention. In Brief: Solana (SOL), BONK, Hyperliquid (HYPE), TRON (TRX), and Ethereum Name Service (ENS) top today’s crypto mindshare charts. Solana’s market cap has officially crossed the $100 billion mark, reinforcing its …
Although cryptocurrencies have the potential to entirely change the economy and access in Latin America, their success hinges on infrastructure that prioritizes the needs of marginalized populations, regulatory clarity and educational efforts, writes ChainMyne’s Kimberly Rosales.
Bitcoin price action targets waiting $117,500 liquidity in a volatile Wall Street open, while record open interest sparks warnings of crypto market "froth."
Global financial firms Goldman Sachs and BNY Mellon are working together on a tokenized money market product.
BONK posted steep intraday losses with 2.8 trillion-token turnover as resistance intensified at higher price levels.
Bitwise says it's "actively evaluating" the SEC's decision to pause the conversion of its cryptocurrency index fund after approving it.
Forward rate agreements (FRAs) serve as a foundational tool in the fixed income market to allow participants to manage expected interest rate fluctuations, and ultimately provide structure and scalability to unlock the next evolution of DeFi, write Treehouse Labs’ Jun Yong Heng and Si Wei Yue.
Arthur Hayes, Chief Investment Officer at Maelstrom and former BitMEX CEO, has shared a highly optimistic outlook for Ethereum (ETH), predicting that the digital asset could reach a new all-time high of $10,000 by the end of the year. In a July 23 blog post, Hayes described ETH as “the most hated large-cap crypto,” likening […]
The post Arthur Hayes bets on $10k Ethereum and CryptoPunks as new status symbols appeared first on CryptoSlate.
Nature’s Miracle has announced the launch of a corporate XRP treasury program, allocating up to $20 million for purchasing XRP. The funding will come from equity financing proceeds under its SEC-approved S-1 registration statement. With this move, Nature’s Miracle aims to build long-term XRP strategic reserves, generate staking yield, and actively participate in the Ripple …
Ethereum is approaching a pivotal juncture that could define its next major move. After weeks of impressive recovery, the chart is now flashing a familiar and powerful pattern — one that echoes the 2019–2020 breakout structure. With ETH pressing against a long-standing resistance line for the third time, a potential breakout could spark a massive rally. However, as momentum builds, a brief pullback may still be on the cards before the bulls take full control. Ethereum Poised For A Massive Move Crypto analyst CryptoBullet has spotted something interesting on Ethereum’s weekly chart. In his post, the expert notes that ETH is displaying a strong recovery and forming what appears to be a Descending Broadening Wedge, a rare yet historically bullish pattern. According to CryptoBullet, this setup bears a striking resemblance to what occurred between 2019 and 2020, just before Ethereum embarked on a massive run. Related Reading: Ethereum’s Breakout Above The MA50 Suggests Further Upside, Here’s The Target CryptoBullet emphasizes that the current price action is looking very bullish. He points out that Ethereum is now testing the wedge resistance for the third time, which typically increases the chances of a breakout. Despite the optimism, CryptoBullet remains realistic about near-term volatility. He suggests that Ethereum could face a brief 10–15% pullback near the current resistance zone. Such a move would be healthy and could offer a final shakeout before liftoff. If ETH manages to break above this key resistance, CryptoBullet believes it would confirm the bullish pattern and open the door to a significant rally. In that scenario, he believes a new all-time high is almost inevitable. Short-Term Pullback Possible—But The Bigger Trend Remains Intact According to Andrew Crypto in a recent post, Ethereum has shown exceptional strength over the past few weeks, pushing through key levels and maintaining bullish momentum. While this kind of rally is exciting, markets rarely move up in a straight line without occasional corrections. Healthy trends often include pullbacks that allow momentum to reset and provide stronger support for the next leg up. Related Reading: Ethereum Price Breaks Through 50EMA After Rejection, ETH Dominance Sees Resurgence Andrew pointed out that ETH recently got rejected from a local supply zone, which could act as a short-term ceiling. However, this rejection toward the Yearly Open (YO) level, positioned at $3,335, would be a logical and healthy move. A retest of this level could serve as a launching pad for the next rally, especially if buyers step in with conviction. While Andrew clarified that a correction isn’t guaranteed, he mentioned that he wouldn’t be surprised if it happens. In his view, such a dip shouldn’t be feared but rather seen as a potential opportunity, especially for those who missed out on the initial run. A well-timed pullback could restore balance to the chart and bolster Ethereum’s price. Featured image from Pixabay, chart from Tradingview.com
Dogecoin price rallied between 270% and 340% after similar bullish crosses in the past, and the same signal is flashing again this July.
Mara Holdings announced plans to offer up to $1 billion in zero-interest convertible notes, with proceeds earmarked for repurchasing debt, buying Bitcoin and corporate expenses.
The price increase helped BNB become the fifth-largest cryptocurrency by market capitalization, and while technical resistance near $808 may limit further gains.
Payments are settled in real-near time using Bitcoin layer-2 Lightning, with Square processing the exchange into fiat
Despite falling below the 200-day SMA, SHIB remained above the Ichimoku cloud, indicating a potentially bullish long-term trend.
The Wall Street banking giants are joining to a growing roster of traditional financial firms to offer tokenized versions of assets.