The odds are low that Bitcoin dominance will continue pushing higher if Ether holds its current bullish uptrend, says crypto analyst Matthew Hyland
The town of Grosse Pointe Farms has no crypto ATMs, but has regulated them anyway, requiring registration, warnings and limits on kiosks.
Ryan Cohen says GameStop’s $500 million investment in Bitcoin was to act as a “hedge against inflation and global money printing.”
XRP is currently hovering near a key inflection point after an extended consolidation phase, with price action tightening into a decisive structure. Recent moves suggest growing pressure from both bulls and bears, as the asset trades just below a major resistance zone. With volatility compressing and momentum building, it appears primed for its next big …
Bitcoin has been on a tear lately, breaking into new all-time highs, and with that, an important signal known as the PI Cycle Top Indicator is showing signs that could help predict when this bull run might peak. According to analyst Rekt Capital, the PI Cycle Top uses two moving averages to signal when Bitcoin …
Trump should focus on building a national Bitcoin reserve instead of pushing stablecoin regulation, Decrypt was told.
Bitcoin’s recent price momentum has encountered a pause following the latest US Consumer Price Index (CPI) release, which showed inflation rising to 2.7% in June. The inflation increase appears to have affected investor sentiment. After reaching a new high above $123,000 on Monday, Bitcoin has since declined by roughly 5.4% from that peak, with its price currently trading just above $116,000. The broader crypto market also reacted to the news, with the global crypto market cap valuation dropping by nearly 7% in the past day amid renewed uncertainty about future interest rate policy. While Bitcoin has exhibited a strong uptrend in recent weeks, the latest pullback introduces short-term volatility that analysts are watching closely. One particularly notable development occurred on-chain: a transfer of 10,000 BTC, valued at roughly $1.2 billion, from a dormant address last active over a decade ago. Related Reading: The Bitcoin Liquidity Supercycle Has Just Begun, Says Hedge Fund CEO Historic Bitcoin Transfer Raises Eyebrows, but No Signs of Exchange Activity CryptoQuant analyst Carmelo Alemán shared insights into the large transaction in a recent post titled “10,000 Historic BTC Move On-Chain.” According to Alemán, the transaction occurred on July 14 at 16:17 UTC, moving 10,000 BTC from address ‘bc1q84…7ef6k ‘ to ‘bc1qmu….8v2p.’ These coins had not moved in over 10 years, indicating they likely originated from early miners during Bitcoin’s earliest phases when the block reward was 50 BTC. Alemán noted that such old unspent transaction outputs (UTXOs) often trigger concern about potential sell-offs, but in this case, further analysis suggests a more neutral interpretation. The movement of old coins can occur for various reasons, including UTXO consolidation, wallet upgrades, or potential sales. Alemán explained that this transfer displayed characteristics consistent with consolidation for efficiency and security purposes. For example, the transaction used 16 different inputs, which can help reduce future transaction fees. Additionally, no corresponding inflow to centralized exchanges (CEXs) was detected, typically a key signal when holders intend to liquidate. The analyst also pointed out that two small test transactions were sent to the receiving address before the full transfer. These included a 0.00089 BTC and a 1 BTC transaction, commonly used to verify wallet accessibility before moving a large sum. Interestingly, two hours after the initial transaction, the same destination wallet received another transfer of 10,009 BTC, bringing the total to more than 20,000 BTC moved in the span of a few hours. Implications for Market Behavior and On-Chain Trends While the transaction did not lead to immediate market selling, it has added to ongoing discussions about the role of long-term holders in Bitcoin’s supply dynamics. Large transfers from early addresses are rare and often interpreted as strategic reorganization of funds. Alemán noted that the absence of exchange-related activity makes it unlikely that the coins are being liquidated in the short term. Related Reading: Spot Volume Drop on Binance Preceded Bitcoin’s Price Surge, Data Shows However, he cautioned that such movements warrant continued monitoring, particularly if additional large transfers follow or if the recipient wallet later transacts with exchanges. Featured image created with DALL-E, Chart from TradingView
Resistance holds firm as price consolidates under $3 while treasury desks reload exposure.
BNB price is correcting gains from the $708 zone. The price is now facing hurdles near $692 and might dip again toward the $675 support. BNB price is attempting to recover from the $675 support zone. The price is now trading below $690 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $692 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $680 level to start another increase in the near term. BNB Price Faces Hurdles After a steady increase, BNB price failed to clear the $710 zone. There was a downside correction below the $690 and $680 levels, unlike Ethereum and Bitcoin. The price even dipped below $678 and tested $675. A low was formed at $674 and the price is now attempting to recover. There was a move above $680. The price climbed above the 50% Fib retracement level of the downward move from the $707 swing high to the $674 low. However, the bears are active near $692. There is also a key bearish trend line forming with resistance at $692 on the hourly chart of the BNB/USD pair. The price is now trading below $690 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $692 level. The next resistance sits near the $695 level or the 61.8% Fib retracement level of the downward move from the $707 swing high to the $674 low. A clear move above the $695 zone could send the price higher. In the stated case, BNB price could test $708. A close above the $708 resistance might set the pace for a larger move toward the $720 resistance. Any more gains might call for a test of the $732 level in the near term. Another Decline? If BNB fails to clear the $692 resistance, it could start another decline. Initial support on the downside is near the $682 level. The next major support is near the $680 level. The main support sits at $674. If there is a downside break below the $674 support, the price could drop toward the $665 support. Any more losses could initiate a larger decline toward the $650 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $685 and $680. Major Resistance Levels – $692 and $708.
Institutional flows remained strong. U.S. spot bitcoin ETFs logged their ninth consecutive day of net inflows, with $403 million added on Tuesday.
Bitcoin’s (BTC) on-chain activity has accelerated over the past few days, with the leading cryptocurrency by market cap hitting successive new all-time highs (ATHs). As a result, several metrics now indicate renewed interest from both long-term holders and recent participants. Older Bitcoin Moves Amidst High Profit-Taking According to a CryptoQuant Quicktake post by contributor Kripto Mevsimi, Bitcoin’s Coin Days Destroyed (CDD) has surged significantly over the past week. The metric climbed to 28 million, signalling that older BTC – dormant for extended periods – has begun moving again. For the uninitiated, Bitcoin CDD measures the movement of older coins by multiplying the number of coins moved by how long they were held. A spike in CDD indicates that long-dormant Bitcoin is being spent or transferred, often signaling strategic shifts by long-term holders. Related Reading: Bitcoin Rally Ahead? DXY Breakdown Suggests Capital Shift To Risk-On Assets Historical data shows that CDD spikes typically precede strategic shifts – often large holders either redistributing supply or repositioning portfolios. Such activity commonly appears near cycle midpoints or local tops. Besides the rising CDD, Bitcoin Net Realized Profit and Loss (NRPL) has also recorded a steep climb. The metric recently surged past $4 billion, the highest level since Q2 2025. To explain, Bitcoin NRPL measures the difference between the price at which coins were bought and the price at which they are sold or moved on-chain. A high positive NRPL indicates investors are realizing profits, while a negative NRPL suggests widespread selling at a loss, often tied to market fear or capitulation. As NRPL hits levels not seen since early Q2 2025, it suggests that Bitcoin whales and recent buyers are actively taking profits. Despite the increased profit-taking, BTC’s price has remained relatively stable, trading between $116,000 and $120,000. The lack of a sharp price pullback amid such profit-taking points to two possible scenarios – either demand remains strong enough to absorb sell pressure, or a delayed correction could be on the horizon. The analyst noted: Interestingly, this current wave differs from late June. Back then, NRPL showed a mix of realized losses and modest profits – suggesting capitulation from late buyers while older holders quietly accumulated. Today, the narrative flips: profits dominate, while older coins flow. Exchange Data Suggests Warning For BTC While the absence of a sharp decline despite significant realized profits may signal strong underlying demand, recent exchange data raises some concerns. Notably, Bitcoin inflows to crypto exchanges have seen a sharp uptick. Related Reading: Bitcoin Absorbs Strong Selling Pressure On Binance Derivatives – Breakout Ahead? Conversely, other sentiment-tracking indicators suggest that despite BTC’s new highs, retail hype remains subdued – unlike in previous ATH phases – implying potential for further upside. At press time, BTC trades at $116,760, down 2.6% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Significant legal challenges would arise from an attempt to remove Fed chair Jerome Powell, but Polymarket bettors are warming to the idea – even if it's still a longshot.
Brandon Lutnick's Cantor Fitzgerald is nearing a big Bitcoin acquisition through a SPAC merger, targeting 30,000 BTC from Blockstream Capital.
XRP price started a fresh increase and traded above the $3.00 zone. The price is now correcting gains and might find bids near the $2.840 support zone. XRP price started a fresh increase above the $2.880 zone. The price is now trading above $2.840 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.880 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $2.840 zone. XRP Price Retains Gains XRP price started a fresh increase after it settled above the $2.750 level, like Bitcoin and Ethereum. The price was able to climb above the $2.850 resistance level. The recent move was positive and the bulls pushed the price above the $3.00 level. A high was formed at $3.0324 and the price is now correcting gains. There was a move below $2.90 level, and the price spiked below the 50% Fib retracement level of the upward move from the $2.660 swing low to the $3.0324 high. However, the bulls were active near the $2.80 support zone. There is also a key bullish trend line forming with support at $2.880 on the hourly chart of the XRP/USD pair. The price is now trading above $2.850 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.9450 level. The first major resistance is near the $3.00 level. A clear move above the $3.00 resistance might send the price toward the $3.080 resistance. Any more gains might send the price toward the $3.120 resistance or even $3.150 in the near term. The next major hurdle for the bulls might be near the $3.20 zone. Downside Break? If XRP fails to clear the $2.9450 resistance zone, it could start another decline. Initial support on the downside is near the $2.880 level and the trend line zone. The next major support is near the $2.840 level. If there is a downside break and a close below the $2.840 level, the price might continue to decline toward the $2.750 support. The next major support sits near the $2.650 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 above the 50 level. Major Support Levels – $2.880 and $2.840. Major Resistance Levels – $2.950 and $3.00.
Bitcoin’s “structural imbalance” signals that it probably won’t experience a significant downturn in the near term, says 21Shares crypto research strategist Matt Mena.
Ethereum price started a fresh increase above the $3,020 zone. ETH is now consolidating gains and might correct lower toward the $3,040 zone. Ethereum started a fresh increase above the $3,040 level. The price is trading near $3,050 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $2,990 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,000 zone in the near term. Ethereum Price Extends Gains Above $3,000 Ethereum price started a fresh increase above the $2,880 zone, outperforming Bitcoin. ETH price gained pace for a move above the $2,950 resistance zone and entered a positive zone. The bulls even pumped the price above $3,050. There was a break above a bearish trend line with resistance at $2,990 on the hourly chart of ETH/USD. Finally, it tested the $3,150 zone. A high was formed at $3,152 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2,935 swing low to the $3,152 high. Ethereum price is now trading above $3,000 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $3,120 level. The next key resistance is near the $3,150 level. The first major resistance is near the $3,220 level. A clear move above the $3,220 resistance might send the price toward the $3,300 resistance. An upside break above the $3,300 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,420 resistance zone or even $3,450 in the near term. Are Downsides Limited In ETH? If Ethereum fails to clear the $3,150 resistance, it could start a downside correction. Initial support on the downside is near the $3,100 level. The first major support sits near the $3,040 zone. A clear move below the $3,040 support might push the price toward the $3,000 support. Any more losses might send the price toward the $2,950 support level in the near term. The next key support sits at $2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,000 Major Resistance Level – $3,150
A single wallet that has sat untouched since 2011 jolted the market overnight, wiring 40,009 BTC—worth roughly $4.68 billion at prevailing prices—to New York‑based trading giant Galaxy Digital. The address had held 80,009 BTC in total and had never previously moved funds in the modern era. According to on‑chain sleuth Lookonchain, “the Bitcoin OG with 80,009 BTC ($9.46 B) has transferred 40,009 BTC ($4.68 B) to Galaxy Digital,” and Galaxy “has directly deposited 6,000 BTC ($706 M) into Binance and Bybit.” Bitcoin OG Whale Awakens The activity began late Monday evening (UTC). First, 9,000 BTC—about $1.06 billion—left the dormant wallet, followed an hour later by another 7,843 BTC ($927 million) Over the next five hours several smaller tranches arrived at Galaxy Digital’s custodial accounts before the decisive push that brought the running total to 40,009 BTC. Blockchain explorers show the coins originated from a bech32 address that first received block rewards in early 2011, when bitcoin changed hands for less than one US dollar. Related Reading: Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here Notably, Galaxy Digital operates one of the largest over‑the‑counter (OTC) desks in the industry and regularly intermediates block trades for institutions seeking to avoid slippage on public venues. The firm advertises “premier execution” and bespoke liquidity provisioning for trades that are too large for order‑book execution. On‑chain analysts therefore read the wallet’s choice of counterparty as a signal that the owner intends to liquidate at least part of the hoard discreetly rather than deploy it into DeFi or cold storage. Within hours of receiving the coins, Galaxy split 6,000 BTC between Binance and Bybit, the two venues that currently post the deepest spot‑BTC liquidity. Bitcoin had just printed an all‑time high of $123,153 on 14 July, buoyed by Washington’s “Crypto Week” legislative push. As the OG whale’s transactions hit public mempools, spot prices recoiled more than 6%, sliding from $123,000 to an intraday low near $115,700 before stabilising around $116,900 at press time. Related Reading: The Bitcoin Liquidity Supercycle Has Just Begun, Says Hedge Fund CEO With half of the stash now under Galaxy’s control and only a fraction confirmed as exchange deposits, traders are bracing for further transfers. If Galaxy executes an OTC cross, the impact could be muted; if the coins bleed into order books, bids at $112,000‑$115,000 will face a major test. US Inflation Data Dampens Sentiment However, today’s price drop can not solely be attributed to the OG whale’s doing; it coincided with the US Bureau of Labor Statistics’ June CPI print, which showed headline consumer prices rising 0.3 % month‑on‑month and 2.7 % year‑on‑year—up from 2.4 % in May—while core CPI ticked up 0.2 % on the month and 2.9 % on the year. The modest print pushed the dollar index above 95.5, and risk assets have been whipsawing ever since. “The price action on the dollar pretty much tells you everything you need to know about this CPI report—mixed and the market is trying to digest it and to figure out the direction today,” observed Daan Crypto Trades on X. At press time, BTC stood at $116,972. Featured image created with DALL.E, chart from TradingView.com
Donald Trump says he's cut a deal with most of the Republican lawmakers that voted against moving forward with three crypto bills over wanting an explicit ban on CBDCs.
Bitcoin price started a downside correction from the $123,200 zone. BTC is now trading below $120,000 and might find bids near the $115,500 zone. Bitcoin started a fresh decline from the new all-time high near $123,200. The price is trading below $120,000 and the 100 hourly Simple moving average. There was a break above a bearish trend line with resistance at $117,300 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 Corrects From New ATH Bitcoin price started a fresh increase after it cleared the $118,500 resistance zone. BTC gained pace for a move above the $120,000 and $122,000 resistance. The bulls even pumped the pair above the $123,000 zone. A new all-time high was formed at $123,140 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $108,636 swing low to the $123,140 high. Bitcoin is now trading below $120,500 and the 100 hourly Simple moving average. However, the price is holding the 50% Fib level of the upward move from the $108,636 swing low to the $123,140 high. Besides, there was a break above a bearish trend line with resistance at $117,300 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $118,500 level. The first key resistance is near the $120,000 level. The next resistance could be $122,000. A close above the $122,000 resistance might send the price further higher. In the stated case, the price could rise and test the $123,200 resistance level. Any more gains might send the price toward the $125,000 level. The main target could be $130,000. More Losses In BTC? If Bitcoin fails to rise above the $120,000 resistance zone, it could continue to move down. Immediate support is near the $115,850 level. The first major support is near the $115,500 level. The next support is now near the $114,150 zone. Any more losses might send the price toward the $112,500 support in the near term. The main support sits at $110,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $115,500, followed by $114,150. Major Resistance Levels – $120,000 and $122,000.
The buyback strategy may boost investor confidence, potentially leading to increased market volatility and speculative trading in meme tokens.
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There’s a really solid chance the House of Representatives will be passing the much-awaited GENIUS Act on Thursday, so it’s time for us to look at stablecoins.
Thiel's investment signals growing institutional confidence in crypto firms, potentially reshaping digital asset management strategies.
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The advancement of the GENIUS Act could signal a shift in legislative priorities, potentially impacting future crypto regulations and economic policies.
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Bitcoin is entering a new phase of market structure, where spot ETFs are rivaling and, in some cases, outpacing spot exchanges in daily trading volume. Over the past 30 days, aggregate turnover in spot Bitcoin ETFs reached $62.9 billion, just under 89% of the $70.8 billion across all spot BTC trading pairs globally. This growing […]
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Bitcoin climbed past $122,000 this week, marking its fourth straight month of gains. It even touched $123,000 Monday before dipping slightly. Related Reading: XRP To Hit $4 This Week? This Crypto Expert Thinks So Prices like these put the crypto asset well beyond what many everyday earners can afford. According to the Social Security Administration, the average yearly salary in the US is $66,600. That means a single coin now costs nearly twice what a typical worker makes in a full year. Bitcoin Prices Soar Past Records Based on reports from top crypto channel Altcoin Daily, high‑net‑worth individuals are being urged to act fast. The platform tweeted that millionaires should consider buying at least 1 BTC now, while it’s still within reach. This warning follows a popular post from El Salvadorian President Nayib Bukele, who pointed out that not all millionaires will be able to pick up a whole Bitcoin. With just 21 million BTC ever to exist and over 50 million millionaires worldwide, grabbing even 0.5 BTC would be out of reach if everyone tried. If you’re already a millionaire you need to buy 1 whole Bitcoin before it gets to expensive for you. — Altcoin Daily (@AltcoinDaily) July 13, 2025 Supply Crunch And Demand Rising According to Bloomberg Terminal data, traders are already thinking in terms of “millions per coin.” That shift reflects growing expectations that Bitcoin will surge into seven‑figure territory. United States President Donald Trump’s second son, Eric Trump, recently said that half a Bitcoin will be a huge amount of money soon and predicted the crypto could hit $1 million in the mid‑term. Those comments add to a chorus of bullish voices. Millionaires Feel The Squeeze Based on analysis from Binance co‑founder Changpeng Zhao, the $1 million mark isn’t far off. He told investors that it could happen in this bull cycle. Brandon Green of BTC Inc. agreed, forecasting a similar timeframe for liftoff. If those estimates hold, owning less than a coin may soon feel like holding pocket change. Big Names Project Massive Gains Ark Invest has put a $1.5 million base‑case target on Bitcoin by 2030, with a $2.4 million bull case riding on more institutional and nation‑state buying. That study credits a supply squeeze and wider adoption as key drivers. Meanwhile, Michael Saylor, who chairs Strategy, has set his sights even higher. He raised his forecast to $13 million per coin by 2045, citing rapid regulatory clarity and fast‑tracking corporate investment. Related Reading: Avalanche Shatters Record With 20M Transactions—Is Real-World Use Finally Here? Bold Forecasts Paint A High Stakes Picture Some of these price targets may sound lofty. Yet they reflect a simple math problem: shrinking supply meets growing demand. Fractional ownership allows small investors to chip in over time, but the sense of urgency is hard to ignore. For now, Bitcoin’s rally is rewriting affordability rules, and the window for easy access may be closing. Featured image from Meta, chart from TradingView
During the nine-day inflow streak, the spot bitcoin ETFs attracted around $4.4 billion worth of net inflows.
Trump said he has spoken to members of Congress and confirmed that they will vote in favor to pass the GENIUS Act on Wednesday.
Kraken launches a US-regulated platform for CME crypto futures and spot trading, now live in five states and expanding nationwide.
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Leonidas, a high-powered microwave system, disables drones mid-air without using bullets or lasers, and the Pentagon is paying attention.