Bitcoin’s price movement remains in focus as it continues to consolidate just below its previous all-time high. Despite a brief surge that brought it within range of its $111,000 peak, the asset has struggled to establish a breakout. As of the time of writing, Bitcoin is trading around $108,927, representing a 0.2% increase over the past 24 hours. The persistence of this consolidation phase comes amid growing market discussions around spot and derivatives behavior. Related Reading: Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know Binance Spot-Perpetual Delta Reflects Cautious Leverage One of the more notable on-chain observations comes from CryptoQuant contributor BorisVest, who analyzed the prolonged negative delta between spot and perpetual prices on Binance. According to the analyst, this delta has remained in negative territory since December 2024. That means the spot price of Bitcoin has consistently traded above the perpetual futures price on Binance, an unusual structure during what appears to be a bullish market trend. “When the delta flipped negative last December, Bitcoin had just marked a then-ATH,” BorisVest noted. He explained that this divergence signaled an aggressive buildup of long positions in the perpetual market, just before Bitcoin corrected to $74,000. Despite Bitcoin reaching new highs recently, the delta still hasn’t reversed. “The sustained gap shows that leveraged traders have yet to commit to the rally in full,” he added. This trend could indicate a phase of accumulation in the spot market, which historically precedes stronger price movements. The analyst also warned that when perpetual prices eventually flip above spot prices, it may signal a shift toward a more speculative environment. In such scenarios, sudden price corrections could occur if long positions are unwound rapidly. Traders monitoring the spot-perpetual relationship can potentially use this as a signal to adjust their risk exposure. Dollar Weakness May Signal Tailwinds for Bitcoin Another CryptoQuant analyst, Darkfost, highlighted a macroeconomic trend that could further influence Bitcoin’s trajectory, the weakening US dollar. The US Dollar Index (DXY), which tracks the value of the dollar relative to a basket of foreign currencies, is currently trading at its most significant deviation below its 200-day moving average in over two decades. This decline coincides with rising US debt levels and has historically aligned with strength in risk-on assets like Bitcoin. Darkfost pointed out that when the dollar loses its traditional safe-haven appeal, capital often flows toward alternative assets. Related Reading: Bitcoin Price Crash To $92,000 Or New ATHs? Analyst Explains The 2 Options “Historical data shows that these periods have consistently benefited Bitcoin,” the analyst stated. While Bitcoin has yet to respond in full to this shift, the trend could support a future upward move, especially if liquidity continues to increase. Featured image created with DALL-E, Chart from TradingView
British fintech giant Revolut has temporarily suspended all cryptocurrency services in Hungary after the Hungarian government declared crypto transactions illegal. The suspension, announced on July 7, has halted all crypto trading and related services for users in the country. Following the freeze of crypto accounts and investments, Hungarian Revolut users were unable to conduct any …
Australia’s Central Bank is taking the next step in its digital currency journey. On Thursday, the Reserve Bank of Australia (RBA) announced a new trial to explore how digital money could improve Australia’s wholesale tokenised asset markets. Project Acacia is a joint effort between the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative …
The ETF has seen significant investor inflows, with over $1 billion collected since June, indicating bullish market sentiment for ether.
The position could be a hedge against a long position as part of a broader strategy, though the tracked wallet held only a short trade.
The trial is part of Project Acacia, an initiative from the RBA exploring how digital money and tokenization could support financial markets in Australia.
BlackRock and Fidelity’s spot Bitcoin ETFs have led the charge, with momentum only slightly dented due to outflows from Grayscale's Bitcoin fund.
Nvidia’s stock hit an all-time high of $164.32, making it the first $4 trillion company as AI demand drives yearly gains.
Bitcoin Depot has disclosed that 27,000 of its customers data was breached, but said there was “no evidence of customer information being misused.”
Bitcoin has officially done it again, breaking past $112,000 and hitting a new all-time high. After a shaky few weeks, the world’s largest cryptocurrency is now not only soaring in price but has also overtaken Alphabet Inc. in market value. With a $2.213 trillion market cap, Bitcoin is once again the talk of Wall Street …
"We will make TRUMP token very popular in Asia and in the rest of the world," Sun said in an interview with CoinDesk.
10x Research’s Bitcoin trend model says there’s a 60% chance for Bitcoin to move higher over the next two months, with history pointing to a 20% gain.
Ripple is making headlines again. The company has officially teamed up with BNY Mellon, the world’s largest custodian bank, to safeguard the reserves for its stablecoin RLUSD. The stablecoin has already crossed $500 million in circulation, and this move marks a big milestone for Ripple’s growing payments and stablecoin business. The news didn’t go unnoticed. …
Australia has approved 24 tokenized asset use cases under Project Acacia, enabling real-money trials across major banks and fintechs.
Donald Trump Jr. has recently acquired 350,000 shares in Bitcoin-heavy startup Thumzup Media, worth around $4 million. The company holds $2 million in Bitcoin, and plans to add six more cryptocurrencies as part of the Trump family’s crypto treasury strategy. Bloomberg reports that he bought them on his advisor’s recommendation and has no other role …
Grok 4's advancements could revolutionize technology and physics, potentially reshaping industries and scientific understanding by 2026.
The post xAI introduces Grok 4; Elon Musk predicts Grok will start inventing new technologies by 2026 appeared first on Crypto Briefing.
The US national debt recently hit a new all-time high (ATH), surging above $36.5 trillion and putting significant pressure on the US Dollar Index (DXY). As the DXY struggles under the weight of mounting debt, crypto analysts believe capital may soon shift to risk-on assets like Bitcoin (BTC). DXY Breakdown Suggests Bitcoin Rally According to a recent CryptoQuant Quicktake post by contributor Darkfost, the DXY has dropped to a historically weak level, currently trading 6.5 points below its 200-day moving average (MA) – the largest deviation in the past 21 years. Related Reading: Bitcoin Short-Term Holder Floor Rises Toward $100,000, Reinforcing Bullish Sentiment For the uninitiated, the DXY measures the value of the US dollar relative to a basket of six major foreign currencies, including the euro, yen, pound, Canadian dollar, Swedish krona, and Swiss franc. It is widely used as an indicator of USD strength or weakness and often influences investor sentiment across global financial markets. While a breakdown in the DXY might seem alarming at first, it historically benefits risk-on assets like BTC. A weakening dollar typically precedes capital rotation into alternative asset classes. Following that logic, the recent softness in the USD could prompt investors to reassess their portfolios – potentially increasing allocation to digital assets. Darkfost illustrated this point with the below chart. The chart highlights periods where the DXY traded below its 365-day MA. Historically, these phases have aligned with strong BTC price appreciation. The analyst added: We are currently in a phase where the weakness of the DXY could fuel a new rise in BTC but the price didn’t reacted yet. This tool serves as a valuable indicator for identifying early bull market phases and periods of euphoria, not because of pure technical triggers, but because it reflects increasing liquidity potentially flowing into crypto markets. According to data from CoingGecko, BTC is currently trading just about 2.2% below its ATH of $111,814 recorded on May 22. With BTC decisively breaking through a bullish flag, the flagship cryptocurrency looks set to hit a new ATH in the near-term. Some Warning Signs To Watch Out For Despite a favorable macro backdrop, several warning signs could dampen BTC’s bullish momentum. For instance, Bitcoin’s Apparent Demand metric has recently turned negative. Related Reading: Bitcoin Realized Dominance Signals Weak Hands Capitulating, Strong Hands Rising Similarly, some on-chain metrics suggest that the BTC rally may be running out of steam. Bitcoin’s NVT Golden Cross recently showed signs of a potential local top. That said, Bitcoin continues to show resilience, absorbing persistent selling pressure in the derivatives market and avoiding a breakdown below the $100,000 mark. At press time, BTC trades at $109,520, up 0.7% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
The market cap of the crypto industry has soared 2.48% to $3.46 trillion in the last 24 hours. This was assisted by the $140.68 billion worth of trading volume, signaling a renewed appetite for risk-on assets. Amidst the turn of events, Memecoins led the rally, surging 6.45% to a market cap of $59.94 billion, while …
The crypto market is on fire today, with Bitcoin pushing back toward its all-time highs and altcoins joining the rally. BTC is currently trading around $112,152, holding just below its previous peak from May. This upswing is largely driven by a mix of macroeconomic optimism, strong trading activity, and growing institutional interest. ???? BREAKING: #Bitcoin …
Popular XRP lawyer John Deaton has filed a class action lawsuit against Linqto founder and former CEO William Sarris, accusing him of fraud in selling unlicensed shares of a private company. The lawsuit filed on July 9 claims that Sarris used unlawful methods to sell cryptocurrency shares. John Deton Lawsuit Against Linqto According to the …
Institutional trading drove significant SHIB price gains, with strong resistance at around $0.00001250, CoinDesk's AI research noted.
xAI’s latest AI model aims to challenge OpenAI, even as the team quietly addresses past missteps this week.
Ether’s price rally is backed by soaring institutional investor flows and a bullish market structure. Is a rally to $3,000 possible this week?
A clean breakout from the range could push the token toward the $4–$6 zone, one watcher said.
July 10, 2025 05:57:05 UTC XRP Price Today, XRP/USD XRP is trading at $2.42, holding above key support at $2.34, with traders targeting a move to $2.65 — the upper limit of a range held since December 2024. Analysts cite bullish patterns like a symmetrical triangle and bull flag, supported by whale accumulation and rising …
The crypto market is entering a new phase of institutional adoption, with Binance founder Changpeng Zhao’s family office, YZi Labs, backing a new treasury company focused on BNB. In partnership with investment firm 10X Capital, the new company aims to acquire and hold BNB, with the ultimate goal of listing on a major U.S. stock …
Pump.fun’s token is already trading above its $0.004 ICO price on Hyperliquid, with over $18 million in volume and 3x leverage available. Binance Futures listing comes next.
Ripple CEO Brad Garlinghouse says the growth behind the stablecoin market has been “profound” as it announced BNY Mellon as the firm’s stablecoin custodian for RLUSD.
Solana started a fresh increase above the $155 zone. SOL price is now consolidating gains and might struggle to rise above the $160 resistance. SOL price started a fresh upward move above the $150 and $155 levels against the US Dollar. The price is now trading above $152 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $155 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $160 resistance zone. Solana Price Aims Higher Solana price started a decent increase after it cleared the $152 resistance, like Bitcoin and Ethereum. SOL climbed above the $155 level to enter a short-term positive zone. However, the price is facing a major hurdle at $160 and $162. A high is formed at $159.24 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $148 swing low to the $160 high. Solana is now trading above $155 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $155 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $160 level. The next major resistance is near the $162 level. The main resistance could be $165. A successful close above the $165 resistance zone could set the pace for another steady increase. The next key resistance is $178. Any more gains might send the price toward the $185 level. Another Decline in SOL? If SOL fails to rise above the $160 resistance, it could start another decline. Initial support on the downside is near the $155 zone and the trend line. The first major support is near the $152 level or the 61.8% Fib retracement level of the upward move from the $148 swing low to the $160 high. A break below the $152 level might send the price toward the $145 zone. If there is a close below the $145 support, the price could decline toward the $136 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $155 and $152. Major Resistance Levels – $160 and $162.
U.S.-listed spot bitcoin ETFs have attracted billions in investor capital over three months amid political pressure on the Federal Reserve to cut rates.