Ether Machine’s Andrew Keys said he’s an Ethereum maxi and doesn’t own Bitcoin. He’d “rather have an iPhone than a landline.”
Bitcoin’s recent price movement reflects a pause in the broader uptrend, with the asset trading at $117,901 following a near 5% weekly decline. While the current downturn may signal a cooling of investor enthusiasm, on-chain indicators suggest the market may still have room to expand before reaching an exhaustion point. Notably, activity among long-term holders and derivatives traders reveals continued interest and potential for price volatility. One of the standout indicators drawing attention is the Spent Output Profit Ratio (SOPR) for long-term holders (LTH), which has climbed to a new high for 2025. Related Reading: Bitcoin Climbs, But NVT Indicator Sends a Surprising Signal SOPR Suggests Continued Room for Growth Before Cycle Peaks According to CryptoQuant analyst Gaah, this metric tracks the profitability of coins moved by holders who have kept their Bitcoin for more than 155 days. The latest reading shows that LTHs are beginning to sell at a profit, but the indicator has yet to reach historically critical levels associated with market tops. Gaah emphasized that although LTH SOPR has crossed the mid-range and currently sits slightly above 2.5, it remains well below the 4.0 threshold historically linked with macro tops in previous cycles. This implies that long-term investors are realizing gains, but not to an extent that would suggest market euphoria or widespread distribution. In past bull cycles, SOPR readings above 4.0 marked the onset of significant corrections or cycle tops. The gradual increase in profit-taking could indicate that the market is maturing while maintaining upward potential. Gaah notes that investors should interpret this as part of the natural progression of a bullish phase, though risks of correction still remain. The ongoing accumulation and realization patterns from LTHs provide insight into how confidence and caution can simultaneously exist in market behavior. Derivatives Market Remains Active Amid High Open Interest and Bullish Funding Rates In a separate analysis, CryptoQuant analyst Arab Chain highlighted ongoing activity in the Bitcoin derivatives market as another crucial component of the current market landscape. Open interest, which represents the total number of outstanding futures contracts, remains elevated near $42 billion. This level, though slightly down from recent peaks, is still near historical highs and reflects strong trader participation. Arab Chain also highlighted the role of funding rates in shaping market sentiment. Currently, rising funding rates suggest dominance by long positions, indicating a bullish market environment. Related Reading: Hold On For Dear Life: This Bullish Bitcoin Metric Just Touched A 15-Year High When this sentiment is paired with high open interest, it may point to heightened risk of volatility, especially in an environment where leveraged trades are becoming more frequent. The analyst warned that a sudden price move could lead to widespread liquidations if funding becomes unsustainable, forcing exchanges to close out positions. Featured image created with DALL-E, Chart from Tradingview
Ethereum, the second-largest cryptocurrency, has been gaining ground lately, trading close to $3,800, its highest level in months. But well-known gold advocate and crypto critic Peter Schiff believes this is the perfect time for holders to exit. In his latest post on X, Schiff suggested that Ethereum is nearing the top of its trading range …
The US banking groups have urged the Office of the Comptroller of the Currency (OCC) to delay its decision on granting national banking charters to crypto firms, Rippe and Circle. Agencies like the American Bankers Association, along with many other banks and credit union trade groups, raised concerns about the lack of transparency in applications …
XRP has officially broken out of a key technical pattern, and it could be the start of another big rally. Crypto analyst Ali Martinez recently shared a chart showing XRP’s breakout from a symmetrical triangle, a technical formation often seen before large price moves. According to Martinez, the breakout opens the door for XRP to …
Western Union joins a growing list of firms exploring stablecoins as the GENIUS Act brings new clarity to U.S. regulations.
Solana (SOL) has surged above the $200 mark, reigniting bullish momentum across the altcoin market. With strong institutional tailwinds and solid on-chain growth, SOL’s price action has captured investor attention yet again. The latest move stems not from hype alone, but from a combination of strong technical breakout patterns, rising derivatives volumes, and growing confidence …
Following the latest transaction, SpaceX currently holds 6,977 BTC, worth $825 million, according to Arkham
Eric Trump's Ethereum success highlights the unpredictable nature of crypto markets and the potential for significant rebounds amid volatility.
The post Eric Trump mocks Ethereum bears after ETH bounces 35% from his call appeared first on Crypto Briefing.
XRP price started a fresh increase and surged above the $3.350 zone. The price is now consolidating gains and might continue to rise above the $3.650 zone. XRP price started a fresh increase above the $3.450 zone. The price is now trading below $3.50 and the 100-hourly Simple Moving Average. There was break below a key bullish trend line with support at $3.510 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $3.350 zone. XRP Price Regains Traction XRP price started a fresh increase after it settled above the $3.250 level, beating Bitcoin and Ethereum. The price was able to climb above the $3.320 resistance level. The bulls remained in action and the price gained pace for a move above $3.450 barrier. Finally, the price tested the $3.650 zone. A high was formed at $3.660 and the price is now consolidating gains. There was a move below the $3.60 level and the 23.6% Fib retracement level of the upward move from the $2.803 swing low to the $3.660 high. There was break below a key bullish trend line with support at $3.510 on the hourly chart of the XRP/USD pair. The price is now trading below $3.50 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.50 level. The first major resistance is near the $3.550 level. A clear move above the $3.550 resistance might send the price toward the $3.650 resistance. Any more gains might send the price toward the $3.720 resistance or even $3.80 in the near term. The next major hurdle for the bulls might be near the $4.00 zone. Downside Correction? If XRP fails to clear the $3.60 resistance zone, it could start another decline. Initial support on the downside is near the $3.40 level. The next major support is near the $3.350 level. If there is a downside break and a close below the $3.350 level, the price might continue to decline toward the $3.320 support. The next major support sits near the $3.250 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $3.350 and $3.320. Major Resistance Levels – $3.550 and $3.660.
As Bitcoin (BTC) continues to hover in the high $110,000 range, on-chain data suggests that a short-term price pullback may be imminent. That said, the broader market structure remains firmly bullish. Bitcoin Exchange Reserves Hit Near-Month High According to a recent CryptoQuant Quicktake post by contributor ShayanMarkets, BTC reserves on centralized exchanges have risen to their highest level since June 25. This surge in exchange-held Bitcoin may signal increasing profit-taking activity among investors. Related Reading: Bitcoin Set To Soar? Analyst Sees Fresh $2 Billion Liquidity Triggering Next Leg Up A rise in BTC inflows to exchanges typically precedes distribution phases, as more coins become available for potential sale. This shift is often interpreted as a weakening in buy-side pressure, which could lead to a short-term price decline. ShayanMarkets commented: Historically, rising exchange reserves are associated with local market tops, as more BTC becomes available for potential sale. However, this metric alone should not be seen as a definitive trigger for immediate price drops. Broader market liquidity, sentiment, and demand dynamics remain key. The analyst emphasized that while higher reserves may suggest short-term selling pressure, they don’t necessarily indicate a reversal in trend. Any correction should be evaluated in context, unless accompanied by a significant change in macroeconomic or technical indicators. In a separate CryptoQuant post, analyst Darkfost pointed out a sharp uptick in Bitcoin whale activity. Notably, the last two Bitcoin local tops occurred when monthly average inflows from whales exceeded $75 billion. Between July 14 and July 18, average monthly inflows from whale wallets surged from $28 billion to $45 billion – a $17 billion jump. This pattern suggests that some whales may be taking profits following Bitcoin’s recent all-time high of $123,218 on Binance. What Does On-Chain Data Suggest? On-chain data also shows that long-term holders are distributing their BTC, while short-term holders are increasingly accumulating. This kind of rotation is often associated with late-stage rally behavior and potential exhaustion. Related Reading: Bitcoin Set To Soar? Analyst Sees Fresh $2 Billion Liquidity Triggering Next Leg Up Still, the short-term holder Market Value to Realized Value (MVRV) ratio currently sits at 1.15, well below the typical profit-taking threshold of 1.35. This suggests that there may still be room for further price appreciation before a broader selloff begins. However, not all indicators are reassuring. The Bitcoin NVT Golden Cross – a metric that compares network value to transaction volume – is trending higher, which may point to growing market froth. Likewise, exchange data from Binance indicates that BTC could be facing a near-term pullback. At press time, Bitcoin trades at $118,052, down 0.4% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
DeFi Development Corp CEO Joseph Onorati said the company has no plans to expand its treasury with other crypto. Meanwhile, Solana crossed the $200 mark on Tuesday.
Ethereum price started a fresh increase above the $3,750 zone. ETH is now showing bullish signs and might continue to rise toward the $3,950 zone. Ethereum started a fresh increase above the $3,750 level. The price is trading above $3,650 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,720 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,650 zone in the near term. Ethereum Price Rises Further Above $3,800 Ethereum price started a fresh increase above the $3,650 zone, outperforming Bitcoin. ETH price gained pace for a move above the $3,750 resistance zone to remain in a positive zone. The bulls even pumped the price above $3,800. Finally, it tested the $3,860 zone. A high was formed at $3,859 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $3,031 swing low to the $3,859 high. Ethereum price is now trading above $3,700 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,720 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $3,800 level. The next key resistance is near the $3,860 level. The first major resistance is near the $3,920 level. A clear move above the $3,920 resistance might send the price toward the $3,950 resistance. An upside break above the $3,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,000 resistance zone or even $4,200 in the near term. Are Downsides Limited In ETH? If Ethereum fails to clear the $3,800 resistance, it could start a downside correction. Initial support on the downside is near the $3,720 level. The first major support sits near the $3,650 zone. A clear move below the $3,620 support might push the price toward the $3,550 support. Any more losses might send the price toward the $3,450 support level in the near term. The next key support sits at $3,320. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,650 Major Resistance Level – $3,860
Ethereum’s block gas limit was increased to 45 million units, up 25% from 36 million set in February 2025.
Tornado Cash co-creator Roman Storm, facing 45 years behind bars, could move for a mistrial after claiming that a scam victim’s testimony wasn’t connected to the crypto mixer.
Bitcoin price is consolidating gains below the $118,000 resistance. BTC could start a downside correction if it breaks the $116,200 support zone. Bitcoin started a fresh decline after it failed to clear the $120,000 zone. The price is trading below $118,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $118,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,000 resistance zone. Bitcoin Price Dips Again Bitcoin price started a correction after the bulls failed to clear the $120,000 resistance. BTC dipped below the $118,000 level and tested the $116,200 zone. A low was formed at $116,260 and the price is now attempting a fresh increase. The bulls were above to push the price above the $117,000 resistance level. There was a move toward the 50% Fib retracement level of the downward move from the $119,630 swing high to the $116,260 low. Bitcoin is now trading below $118,500 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $118,000 level. There is also a bearish trend line forming with resistance at $118,000 on the hourly chart of the BTC/USD pair. The first key resistance is near the $118,400 level. It is close to the 61.8% Fib level of the downward move from the $119,630 swing high to the $116,260 low. The next resistance could be $119,150. A close above the $119,150 resistance might send the price further higher. In the stated case, the price could rise and test the $120,500 resistance level. Any more gains might send the price toward the $122,000 level. The main target could be $123,200. Another Decline In BTC? If Bitcoin fails to rise above the $118,400 resistance zone, it could start another decline. Immediate support is near the $116,200 level. The first major support is near the $115,500 level. The next support is now near the $115,500 zone. Any more losses might send the price toward the $112,500 support in the near term. The main support sits at $111,200, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $116,200, followed by $115,500. Major Resistance Levels – $118,000 and $120,500.
The bank has already taken preliminary steps into the crypto sector, including plans to offer loans against crypto ETFs, according to FT.
Investors focusing on altcoins may find the next one to two months a promising window of opportunity. With Ethereum ETFs kicking off a fresh wave of institutional interest, and other major altcoins next in line for ETF approvals, the market is showing signs of entering a new altcoin season. Here’s a list of altcoins to …
Bitcoin’s upward price trajectory has slightly cooled, with the asset now trading just below the $119,000 mark, reflecting a 3% decline over the past week. The dip follows a sustained upward trend that has seen significant interest from both institutional and retail participants in recent months. The current pause in momentum may suggest a temporary rebalancing, with market participants potentially reassessing their positions. As price movement stabilizes, on-chain analysts have begun to highlight deeper structural shifts within Bitcoin’s blockchain activity. According to CryptoQuant contributor Avocado onchain, one key trend gaining attention is the continued decline in Bitcoin’s Unspent Transaction Output (UTXO) count. While at first glance this might seem related to falling transaction volumes, the underlying cause points to a more strategic restructuring by institutional participants. Related Reading: Bitcoin Whale Metrics Flash Mixed Signals: Monthly Inflows Rise And Daily Outflows Start Slowing Institutional Consolidation Reshaping On-Chain Structure Avocado explained that since December 2024, Bitcoin’s UTXO count has steadily decreased, a development he attributes to growing over-the-counter (OTC) activity and consolidation efforts by large holders. These entities, primarily whales and institutional investors, are reportedly merging multiple UTXOs into fewer addresses, a process that increases on-chain efficiency and reflects a preference for long-term custody. “The post-ETF approval environment has driven more assets into secure wallets, moving funds off exchanges into institutional-grade custody,” he wrote. This structural shift suggests that long-term holders are preparing for extended exposure rather than immediate market participation. Instead of dispersing funds for frequent trades, these institutions are consolidating their Bitcoin holdings into larger ones, indicating reduced near-term liquidity but possibly greater long-term market stability. The impact is visible in the on-chain footprint, where the number of active UTXOs has not kept pace with prior bull cycles. Bitcoin Muted Retail Activity and Future Market Signals While institutional activity appears to be solidifying, retail investor behavior remains subdued. Avocado noted that, unlike previous cycles where retail-driven volume increases contributed to UTXO growth, the current rally lacks that widespread grassroots engagement. The number of newly created UTXOs has remained relatively flat, reinforcing the view that retail participation is yet to catch up. Looking ahead, the analyst suggests that any renewed wave of short-term speculation, often sparked by sharp price movements, could reignite retail interest. This would be reflected in increased UTXO creation, exchange activity, and possibly greater volatility. Until then, the market appears to be led primarily by long-term strategic accumulation. Related Reading: The Final Bitcoin Act: Here’s What To Expect As BTC Trends Sideways Despite the current slowdown in price, underlying metrics remain constructive. Exchange inflows are moderate, long-term holders continue to accumulate, and institutional capital flows persist. These factors suggest that the market is still in a consolidative phase, rather than signaling a reversal. Should retail participation return and on-chain activity broaden, Bitcoin could see renewed upside supported by both foundational demand and speculative inflows. Featured image created with DALL-E, Chart from TradingView
Cathie Wood's strategic investment in Ethereum-focused firms signals a growing institutional interest in blockchain technologies and digital assets.
The post Cathie Wood’s ARK Invest buys 4.4 million shares of Peter Thiel-backed Ethereum treasury firm appeared first on Crypto Briefing.
XRP holders are growing increasingly frustrated and confused over the U.S. Securities and Exchange Commission’s (SEC) silence on the Ripple case. After years of litigation, many believed the legal battle was finally coming to an end. But now, uncertainty has returned as the SEC has yet to officially close the case. XRP Community Wants Clarity …
XRP holders are growing increasingly frustrated and confused over the U.S. Securities and Exchange Commission’s (SEC) silence on the Ripple case. After years of litigation, many believed the legal battle was finally coming to an end. But now, uncertainty has returned as the SEC has yet to officially close the case. XRP Community Wants Clarity …
Spot bitcoin ETFs saw $130 million worth of net outflows while ether ETFs extended their positive streak with $300 million.
XRP is gaining momentum in the crypto market once again, and this time, it’s not just price action that’s turning heads. A recent report by Token Relations in collaboration with Ripple revealed a stunning surge in the total value of tokenized real-world assets (RWAs) on the XRP Ledger (XRPL). These assets have grown from just …
Ethereum’s derivatives market has erupted in the past seven days, and the trading desk at Singapore-based QCP Capital argues it is the clearest evidence yet that a long-anticipated altcoin season is finally under way. In a note to clients on Monday, the firm says total perpetual open interest (OI) in ether futures has vaulted from “under $18 billion to more than $28 billion in just a week,” a jump large enough to drag the composite “altcoin-season index” above the critical 50-point threshold for the first time since December. Altcoin Season Ignites As Ethereum Outpaces BTC While it’s no surprise that retail may be chasing the momentum, it’s becoming increasingly clear that institutions are leading the charge this cycle, driven by a shift in narratives and structural developments,” QCP writes, pointing to the unusually large sizing of recent block trades on CME and Binance. Related Reading: Ethereum Set To Hit $10,000, Elliott Wave Analysis Predicts QCP singles out last Friday’s signing of the GENIUS Act as the pivotal spark behind the rotation. The law creates a comprehensive federal regime for dollar-backed stablecoins, forcing issuers to hold 100 percent short-term Treasury or cash reserves and submit to Bank Secrecy Act oversight. The White House cast the statute as “historic legislation that will pave the way for the United States to lead the global digital-currency revolution.” With regulatory clarity finally in hand, corporate treasuries “are racing to build their stockpile,” QCP says, treating ether and other smart-contract platforms—Solana, XRP Ledger and Cardano among them—as the infrastructure layer that will benefit most from an explosion in stablecoin issuance. The desk compares the emerging strategy to the hard-money playbook adopted by publicly listed bitcoin bellwethers such as MicroStrategy and Japan’s Metaplanet. The note argues that the policy tailwind is already reshaping capital flows. Spot ether ETFs attracted $602 million on July 17, out-pulling bitcoin ETFs’ $522 million and marking the first daily flow victory for ETH in the eighteen-month history of US crypto ETPs. BlackRock’s iShares Ethereum Trust recorded the single largest subscription and, according to QCP, is “broadcasting confidence” that its pending amendment to allow on-chain staking will secure SEC approval later this year. Industry analysts concur: the agency is widely expected to rule on the batch of staking amendments before year-end despite BlackRock’s late filing. Related Reading: Tom Lee Predicts $30,000 Per Ethereum As Treasury Frenzy Begins Derivatives positioning mirrors the spot-market exuberance. QCP highlights “aggressive” demand for out-of-the-money call spreads such as the ETH-26 Sep 25 $3,400/3,800 and ETH-26 Dec 25 $3,500/4,500 structures, along with a persistent bid for call-side risk reversals across all listed tenors. Implied volatility skews now favour calls by their widest margin since the April 2024 meme-coin frenzy, signalling traders’ willingness to pay up for upside exposure through the fourth quarter—precisely the window in which ETF staking approval could drop. The Ether surge has already carved four percentage points out of bitcoin’s market-share lead, driving BTC dominance down to 60 percent while lifting ETH’s share from 9.7 percent to 11.6 percent, QCP notes. If that trend holds—and the firm stresses that sustained follow-through in the options market is a key litmus test—“the next leg of altcoin season may already be in motion.” For now, QCP is monitoring three metrics: perpetual OI growth, the altcoin-season index, and relative ETF flows. A decisive break of bitcoin above $121,000 could delay rotation, the desk concedes, but the structural forces unleashed by the GENIUS Act and the prospect of yield-bearing ether ETFs give institutions a tangible reason to diversify. As QCP puts it, “we’ll be watching these signals closely—and if anything else confirms the thesis, you’ll be the first to know.” At press time, ETH traded at $3,846. Featured image created with DALL.E, chart from TradingView.com
Western Union CEO Devin McGranahan told Bloomberg that it is exploring ways to offer on-ramp and off-ramp stablecoin services.
Western Union's stablecoin integration could revolutionize global payments, enhancing speed and accessibility while challenging traditional remittance models.
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More than 913,111 ETH has been permanently lost due to user and contract-related errors, according to Conor Grogan, a director at Coinbase. At current prices, that amounts to approximately $3.43 billion in inaccessible assets, which represent over 0.76% of Ethereum’s total circulating supply. Grogan highlighted several major incidents that have contributed to this significant number […]
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Crypto ATM arrests in London come as US states like Wisconsin move to limit daily transactions and mandate fraud warnings.
Analysts said Solana gained on the announcement of Block Assembly Marketplace and the DeFi Development Corp's acquisition of additional SOL.