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XRP has been one of the most-watched altcoins recently, with multiple developments emerging for its parent company, Ripple. However, while Ripple has seen a lot of positives, XRP has continued to struggle when it comes to price. Amid the selling, bulls have put up an impressive fight to hold the support above $2.2 for the time being. This has led to the formation of a new inverse head and shoulders pattern that could signal a reversal is coming. Analyst Highlights Bullish Formation For XRP Price Crypto analyst TheSignalyst, in a new analysis, showed that the XRP price has begun another bullish formation. This time around, it is the Inverse Head and Shoulders pattern that often precedes a surge for an asset. Not only has this formation come at a critical junction, it happened while bulls have maintained strong support levels. Through the market downtrend, the XRP price has been able to hold above $1.75 and $2, which the analyst points out as a major level. The return to this support level has brought a fresh wave of bullishness, and the XRP price could be ready for another uptrend from here. Presently, all eyes are on this support level, and TheSignalyst revealed that if XRP is able to hold this level, then the rally could be in motion. They point to the green neckline, which is shown in the chart as sitting just above $2.3, and this is the resistance that needs to be broken for the price to rally in the short term. For the long term, the analyst suggests that a clean break above the $2.66 level is needed. This is what would provide confirmation for a bullish continuation. If the setup holds, then the analyst puts the top of formation as high as $3.3 in the long term. Analysts Predict Higher Prices The calls for higher prices for XRP have grown louder, especially as investors have begun to make their bets once again. Analyst Crypto Virtuos pointed out that the XRP trading volume saw a notable uptick of 125% in a 24-hour period as interest ballooned once again. Amid this rise in momentum, the crypto analyst, just like TheSignalyst, also explained that $2.3 is the hurdle that is holding the XRP price back now. Therefore, the cryptocurrency does need to overtake this level if it is to see a continuation of the uptrend. At the time of writing, the XRP price is still trending below $2.3, with sellers showing signs of exhaustion. Once the selling stops, then the bulls could trigger another upward wave to retest the resistance at $2.3 once again.

Why is crypto going up? BTC ▲2.20% officially broke into uncharted territory Wednesday, notching a new all-time high of $112,040 on Bitstamp after a 3% intraday gain. The move brought Bitcoin’s market cap to $2.22 trillion, while total crypto market capitalization reclaimed $3.47 trillion, levels last seen in mid-2025. FUD for BTC continues with some Twitter users writing: “People expect Bitcoin to perform as well as it did in the past ten years for the next ten years. A persistent power outage or a Chinese lab with a quantum computer will send your bags to zero.” Still, Bitcoin keeps outrunning the S&P and most altcoins, refusing to follow anyone else’s script. (BTCUSD) Tariffs, Rate Bets, and the Return of Bitcoin as a Hedge The rally came just days after President Donald Trump announced new tariffs on several countries including Japan, South Africa, and Malaysia, with some rates reaching 40%. 99Bitcoins analysts say this geopolitical uncertainty has boosted Bitcoin’s appeal as a macro hedge. This milestone also triggered a flood of liquidations with $484.7 million in total, and $223 million from Bitcoin shorts alone. “Bitcoin’s increasing status as a safe haven asset in the face of fiat debasement… confirmed by the first US state signing a Bitcoin reserve bill into law.” — Katalin Tischhauser, Sygnum Bank Wednesday’s price surge followed a heavy liquidation of overleveraged short positions, clearing out weak hands and setting the stage for a healthier trend. Meanwhile, Bitcoin’s exchange-traded volume reached $28.18 billion, marking a significant increase in momentum heading into mid-July. With investor sentiment firming and institutional flows returning, the market may be entering the early phases of a new bull cycle. What’s Next For BTC? (Good Things) Bitcoin is now just 7% below the total crypto market’s all-time high valuation of $3.73 trillion, set in December 2024. With short interest reduced and macro conditions favoring hard assets, the next few weeks will prove decisive. As long as spot flows stay dominant and exchange reserves continue to decline, Bitcoin appears well-positioned to extend its lead, and, hopefully for us altcoin holders, take the rest of the market with it. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways BTC officially broke into uncharted territory Wednesday, notching a new all-time high of $112,040 on Bitstamp after a 3% intraday gain. All eyes are on Powell this month as inflation lingers and labor metrics soften. The post Why is Crypto Going Up? BTC Briefly Touches New ATH of $112k appeared first on 99Bitcoins.

Ethereum is catching the attention of Wall Street in a serious way. In a recent report, Fidelity Investments described ETH ▲6.41% as a legitimate store of value (SoV) and a cornerstone of modern digital infrastructure. “Ether can serve as a medium of exchange and a store of value,” the report wrote. “Blockchains have embedded currencies… they should be compared to sovereign economies, not tech companies.” Ethereum’s reputation as Bitcoin’s erratic cousin took a hit in 2024. It cratered against BTC and underperformed Solana, but now, with renewed interest in ETH, we might be seeing the catalyst to send it back to ATHs. EthereumPriceMarket CapETH$335.47B24h7d30d1yAll time Ethereum Projections Flip Bitcoin in Daily Volume and Derivatives Interest Following the report, market sentiment surrounding ETH flipped bullish almost overnight. The token surged nearly 7% to $2,620, breaking out from a multi-week range beneath $2.4k. According to CoinGlass data, ETH has now overtaken BTC in terms of daily trading volume and open interest. Ethereum’s futures market open interest jumped 7%, while Bitcoin’s declined slightly. Derivatives trading hit $59 billion, with ETH accounting for a growing share. (Glassnode) At the same time, the Put/Call Ratio for Q3 options sits at 0.44, signaling a heavy tilt toward bullish momentum. Lastly, of note, on July 3, ETH spot ETFs saw their largest single-day inflow in a month, with $148 million entering the market. Total inflows for July have now exceeded $300 million, according to Glassnode. ETH Faces Skeptics, But Q3 Momentum Builds Despite the sharp rally, traders are piling into short positions against ETH, perhaps expecting a repeat of Springtime, when ETH failed to break above $2.8K and suffered a swift 20% drawdown. But this time, conditions look different. Open interest is climbing, and so is spot demand. And crucially, ETH has flipped previous resistance into support, creating room for more upside. The question now is whether Ethereum can finally close the gap and reclaim $3K? EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Ethereum is catching the attention of Wall Street in a serious way. In a recent report, Fidelity Investments described ETH as a legitimate SoV. Despite the sharp rally, traders are piling into short positions against ETH, perhaps expecting a repeat of Springtime. The post Ethereum Projections: ETH Gains Wall Street Cred as Fidelity Calls It a Store of Value appeared first on 99Bitcoins.

Binance co-founders Changpeng ‘CZ’ Zhao and Yi He, through their YZi Labs investment firm, have confirmed that they will back 10X Capital (VCXA) in a new endeavour. The publicly traded investment company aims to establish a US-based firm that will invest exclusively in BNB. YZi Labs, which holds around $10 billion in assets under management (AUM), will “support” 10X Capital in establishing the BNB treasury company, 10X Capital said in a statement. CZ’s YZi Labs Backing 10X Capital In Its BNB Treasury Strategy 10X Capital announced today that it is launching the first US-based, publicly traded company that will exclusively focus on being a BNB Treasury, similar to Strategy with Bitcoin and Sharplink Gaming with Ethereum. The endeavour is being supported by YZi Labs, the investment firm of Binance co-founders CZ and Yi He, and will be headed up by Russell Read, CIO of 10X Capital; David Namdar, co-founder of Galaxy Digital; and Saad Naja, former director of Kraken Exchange. 10X Capital intends to pursue a public listing on a major U.S. stock exchange for its BNB Treasury firm, marking a first-of-its-kind move. The BNB token is the fifth-largest digital asset by market cap, currently valued at $98 billion and trading for around $671. On the announcement, Head of YZi Labs, Ella Zhang, said, “BNB Chain is one of the most widely adopted blockchain ecosystems. BNB is the gas, the glue, and the governance layer for a scalable, decentralized future — powered by builders, for builders, and we believe expanding its institutional access can deliver meaningful benefits to the broader public.” Per the statement, 10X Capital state that the BNB Treasury Company will emphasize transparency and verification of holdings, strong engagement with the BNB ecosystem and community, and expects to announce the closing of its related financing in the coming weeks. DISCOVER: Best Meme Coin ICOs to Invest in July 10X Capital Following Michael Saylor’s Strategy Playbook With The First BNB Treasury Firm The newly established company will focus exclusively on the BNB Chain ecosystem, according to the 10x Capital statement, referring to the blockchain that supports the BNB token, following Saylor’s blueprint for publicly traded companies pivoting to digital asset treasury firms. We now have Sharplink Gaming (SBET), an Ethereum Treasury firm and DeFi Dev Corp (DFDV), which recently adopted a Solana Treasury strategy, with both companies trading on the NASDAQ. There is also a growing movement of smaller, struggling firms pivoting to a crypto accumulation strategy to try and reverse poor share price performance, with one of the more quirky examples being Spanish coffee chain, Vanadi – it began accumulating 1 BTC a day recently, with aspirations to raise $1 billion to purchase more Bitcoin. (SOURCE) Since the coffee chain made its plans public and began buying 1 BTC each day, its share price has surged by over 135% and is up by more than 430% in the past six months, highlighting the early success of its Bitcoin accumulation strategy. This is a fast-emerging trend for publicly traded companies, both big and small, indicating that institutional adoption of digital assets is here to stay and has become a viable investment strategy following years of scepticism and ridicule. BNB Only Up 1.5% On The News: Is A New All-Time High On The Way? (COINGECKO) While BNB is only up 1.5% following the 10X Capital announcement, it is holding incredibly strong above the $645 level, currently trading at around $670. It is just 15% away from a new all-time high, which came in December 2024 when BNB hit $788. For a long time, $1,000 has been the psychological target for BNB investors, with many believing it is a formality; this bull market could finally deliver on those longstanding price targets. BNB has just broken out of an ascending triangle zone at $665, and there is no actual resistance level now until $735, meaning a 10% move in the short term is looking more likely for the fifth-largest digital asset. The fundamentals are all lining up for an explosive breakout for BNB, most notably the BNB Treasury plans from 10X Capital and YZi Labs. A Saylor-style strategy for BNB, backed by CZ and the broader Binance leadership, will surely create a fresh wave of institutional demand for the token as we head deeper into this bull market. EXPLORE: 10 Best AI Crypto Coins to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post CZ and YZi Labs Backing Brand New US-Based BNB Treasury Company appeared first on 99Bitcoins.

Most Read: S&P 500, Dow Jones Q3 Outlook: Tariffs, Tech, and Small Cap Concerns U.S. stock futures and the dollar slipped after President Donald Trump escalated trade tensions by announcing a 50% tariff on copper and sending new letters to raise tariffs on other countries. Asian Market Wrap S&P 500 futures dropped 0.3%, and the dollar slipped 0.1% on Thursday. Treasuries and Asian stocks stayed steady, while Bitcoin held near its record high from Wednesday around the $112k mark. close Source: TradingView.com (click to enlarge) Source: TradingView.com (click to enlarge) Support 243302400023727Resistance 247502500025250Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Trump is accusing Jerome Powell of keeping rates high and pushing the United States to pay more in interest. Will Bitcoin break $112,000? Yesterday, Bitcoin briefly broke above $112,000, retesting May 2025 highs. Unlike the surge to fresh all-time highs on May 22, the July 9 rally follows a period of sideways consolidation after the relief rally from June 23. At this pace, technical candlestick patterns favor bulls. BTC ▲2.20% and some of the best cryptos to buy may push higher, fanned by events in the United States. BitcoinPriceMarket CapBTC$2.21T24h7d30d1yAll time Explore: 9+ Best High-Risk, High–Reward Crypto to Buy in July 2025 Trump Blasts Federal Reserve Chair Yesterday, in a fiery outburst, President Donald Trump escalated his long-standing feud with Jerome Powell, the Federal Reserve Chair. In a widely circulated video, the President called Powell “low IQ” and a “very stupid person” for refusing to cut interest rates. The President reiterated that Powell’s stance is costing the United States billions. Trump accuses Powell and the Federal Reserve of driving up the cost of servicing the national debt, which stood above $35 trillion as of September 30, 2024. In the video, the President said the United States has “for years” been “paying for him.” With every decision not to cut rates, the United States pays billions more in interest to Treasury bondholders. If rates remain at current levels, the Congressional Budget Office (CBO) projects that net interest payments could reach $1 trillion annually by early 2030. The remarks, which also hinted at a possible sacking or forced resignation of the Federal Reserve Chair, appear to be boosting the crypto market, especially Bitcoin. While the tirade is expected from Trump, a politician, it once again raises questions about the Federal Reserve’s independence. This is not the first time Trump has gone ballistic, accusing the central bank of keeping interest rates high while others, especially in Europe, have been slashing rates. Interest Rates Are High: What’s Next for the Fed? Powell and the FOMC are tasked with setting monetary policy in the United States. They aim to keep inflation around the benchmark 2% while ensuring economic growth and high employment rates. Currently, inflation has been stabilizing. Although the Federal Reserve had the opportunity to cut rates at the last meeting in June 2025, they maintained rates at the 4.25–4.5% range. Economists expect Powell and the central bank to keep rates steady at the next meeting on July 30. (Source) Low interest rates are favorable for Bitcoin and top Solana meme coins. If rates remain unchanged by the end of July, prices may fall, even erasing recent gains. Trump believes Powell is becoming “political” and deliberately stifling economic growth with the current rates. As he stated in the video, this inflates the cost of servicing the national debt. Lower rates would reduce borrowing costs, supporting Trump’s aggressive economic agenda, which controversially includes sweeping tariffs and tax cuts. Although lower rates could increase inflation, the President believes any resulting price pressure can be addressed later with rate hikes if needed. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Impact of Tariffs on Inflation Trump’s threat of higher tariffs on top trading partners could raise costs for consumers, exacerbating inflation. Analysts and top bankers, including Jamie Dimon of JPMorgan, warn that tariffs could push U.S. inflation higher, explaining the Federal Reserve’s reluctance to cut rates. Powell’s term ends in May 2026, and he has vowed not to resign. President Trump cannot fire him, as the central bank is independent and apolitical, acting in the best interest of the country with a critical mandate to balance inflation and employment. DISCOVER: 16 Next Crypto to Explode in 2025: Expert Cryptocurrency Predictions & Analysis Trump Slams Fed Chair Powell, Bitcoin Breaks $112,000 Trump blasts Jerome Powell for not slashing rates Bitcoin briefly breaks $112,000 The national debt in the United States continues to rise High tariffs keeping pressure on inflation The post Trump Demands Fed Chair Jerome Powell’s Resignation: How Will the Crypto Market React? appeared first on 99Bitcoins.

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. 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. “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

The US stock market appeared unfazed by renewed tariff headlines on Wednesday, 9 July. Major indices broke out from a two-day consolidation, led by a 2.8% surge in artificial intelligence giant Nvidia. The company made history as the first to reach a US$4 trillion market valuation. The Nasdaq 100 rose 0.7%, the S&P 500 gained 0.6%, and the Dow Jones Industrial Average trailed with a 0.5% advance. Despite the gains, all three indices stalled at key short-term resistance levels: S&P 500 at 6,290, Nasdaq 100 at 22,920, and Dow Jones Industrial Average at 44,560. close Fig 2: US Wall Street 30 CFD Index minor trend as of 8 July 2025 (Source: TradingView) Fig 2: US Wall Street 30 CFD Index minor trend as of 8 July 2025 (Source: TradingView) Since hitting its recent 3 July intraday high of 44,914, the price actions of the US Wall Street 30 CFD Index (a proxy of the Dow Jones Industrial Average futures) have traded sideways, and several short-term technical elements are suggesting an imminent potential minor corrective decline sequence within its medium-term uptrend phase. Firstly, the US Wall Street 30 CFD Index has continued to trade below the median line of a minor ascending channel in place since the 19 June low of 41,787. Secondly, the hourly RSI momentum indicator has just flashed out a bearish divergence condition near its overbought region, which indicates upside momentum has started to ease (see Fig 2). Watch the 44,560 short-term pivotal resistance, and a break below 44,170 is likely to trigger a minor corrective decline sequence to expose the next intermediate support at 43,800/43,600 (also close to the 20-day moving average) in the first step. On the flip side, a clearance above 44,560 invalidates the bearish scenario to resume the impulsive bullish up move sequence to retest the current all-time high of 45,100 printed in December 2024 before the next intermediate resistance comes in at 45,450/45,520 (Fibonacci extension cluster levels). Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

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. 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. 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.

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.

Greece has entered new territory in crypto enforcement. For the first time, authorities in the country have seized digital assets linked to a cybercrime case. The move follows a phishing attack that drained funds from a local user’s Bybit account and signals a growing ability to handle crypto-related crimes through the legal system. Background: What Happened with Bybit The case began when a Greek citizen lost more than $150,000 worth of crypto in a phishing scam targeting users of the Bybit exchange. The attacker tricked the victim into revealing login credentials, then quickly transferred the assets out and tried to bury the trail using a series of wallet hops. Source: Shutterstock This kind of attack has become increasingly common. What makes this one different is how Greek authorities responded. Instead of writing it off or stalling the investigation, they tracked roughly $28,000 of the stolen funds to a regulated exchange based in Europe. A local court approved the freeze, and the assets were officially seized. Why It Matters This is the first time Greek law enforcement has successfully carried out a digital asset seizure. It sets a precedent and shows they are catching up with the technical and legal challenges that crypto crimes often present. For legal observers in the country, this is a turning point. Coordinating with European regulators and using the right judicial channels to execute a crypto seizure takes work. This case proves it can be done, even in regions where crypto enforcement is still relatively new. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July2025 Bridging the Gap in Crypto Enforcement The Bybit case highlights a much broader issue in crypto security. Most victims never see their funds again. Transactions are fast, borderless, and permanent, making recovery seem almost impossible. BitcoinPriceMarket CapBTC$2.21T24h7d30d1yAll time This situation shows there is a way forward, even if the road is complex. With the right mix of legal backing and cooperation between jurisdictions, some recovery is possible. The amount retrieved may be small compared to the original loss, but it still counts as progress. It also raises the bar for exchanges operating in Europe. Knowing that regulators and law enforcement are paying closer attention may lead to tighter compliance, better reporting standards, and faster reactions to incidents. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What This Means for the Future Greece’s success in this case could lead to more crypto-related enforcement actions in the region. It may even help build momentum across the European Union for standard procedures in handling digital asset theft. It also puts pressure on crypto exchanges and platforms to work more closely with regulators, especially when it comes to tracking stolen funds and responding to court orders. For victims of crypto theft, this development offers a reason to stay hopeful. It’s not a guarantee of recovery, but it shows that digital assets are not beyond the reach of the law. What once felt like a black hole is slowly becoming a space where justice can be pursued. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Greek authorities have completed their first crypto asset seizure, recovering $28,000 from a phishing attack tied to a Bybit account. The case involved over $150,000 stolen, with a portion traced to a regulated European exchange and frozen by court approval. This marks a legal milestone for Greece, proving that crypto crimes can be pursued through coordinated judicial and regulatory action. The seizure shows that recovery, while limited, is possible with legal cooperation across borders and technical tracking tools. This sets a precedent for more enforcement in Europe and adds pressure on exchanges to strengthen compliance and support investigations. The post Greece Makes First-Ever Crypto Asset Seizure After Bybit Hack appeared first on 99Bitcoins.

Bitcoin continues to hover just below its previous all-time high, consolidating around the $109,000 mark despite a modest 1.9% gain over the past day. The asset reached a 7-day high of $110,307 but has yet to reclaim the historic high of $111,814, a level set back in May. While short-term price action remains within a tight range, on-chain data reveals deeper structural developments that could shape Bitcoin’s trajectory in the weeks ahead. As attention focuses on Bitcoin’s potential for a breakout, some analysts are turning to supply dynamics for clues. One notable observation comes from CryptoQuant contributor Chairman Lee, who has identified a significant reduction in BTC held on centralized exchanges. This trend may serve as a key indicator of future price behavior, especially in the context of institutional demand and exchange activity. Bitcoin Exchange Reserves Drop to Multi-Year Lows Chairman Lee’s analysis highlights a continued decline in exchange-held Bitcoin, with reserves falling to a multi-year low of 2.4 million BTC. This figure is down from over 3.1 million BTC reported in mid-2023. The consistent drawdown in exchange balances is interpreted as a signal that selling pressure is decreasing, which historically has preceded price expansions. According to Lee, “This persistent decline in reserve levels suggests that sell-side liquidity is drying up… Historically, such conditions—where BTC held on exchanges is low—precede major bullish expansions as demand exceeds supply.” In past market cycles, including the 2020–2021 bull run, similar drops in exchange reserves were followed by sharp upward movements in Bitcoin’s price. The logic is based on basic supply-demand mechanics: when available BTC becomes scarce on exchanges, any increase in demand, particularly from ETFs or institutional buyers, can lead to accelerated price growth. Lee emphasizes that this current trend could act as a foundational tailwind, potentially supporting further gains if current demand patterns remain in place. Binance Dominates Whale Transaction Flows Another piece of the market structure puzzle comes from CryptoQuant analyst Crazzyblockk, who examined large-scale BTC transactions across major centralized exchanges. According to his report, Binance has maintained its position as the dominant venue for Bitcoin whale activity. Whale flows are defined in this context as daily inflows or outflows exceeding 1,000 BTC. Binance has recorded cumulative whale inflows of 31.36 million BTC and outflows of 30.82 million BTC, along with 53.2 million whale transactions, significantly more than any other exchange. Notably, these numbers do not reflect unique BTC, but rather total flow volumes that include repeated movements of the same coins. High transaction volumes suggest Binance is favored for its liquidity and infrastructure, allowing whales to engage in trading, custody shifts, and arbitrage with minimal friction. The data also places HTX Global and Kraken in the second and third positions, respectively, for whale inflows, though their volumes are substantially lower than Binance’s. Featured image created with DALL-E, Chart from TradingView

If you thought wrapping a traditional asset in a blockchain token would sidestep securities laws, think again. David Hirsch, who leads the SEC’s Crypto Assets and Cyber Unit, made it very clear during a recent talk at Yale: tokenization does not change what the asset is at its core. He was talking about the growing trend of turning real-world assets like stocks or bonds into digital tokens on a blockchain. The idea sounds modern, even forward-thinking, but from the SEC’s perspective, it’s still the same product. Hirsch’s message was blunt. A security is a security, no matter how you package it. Tokenization Doesn’t Equal Exemption The crypto industry has embraced tokenization as a way to reinvent how finance works. It makes assets more portable, potentially lowers costs, and lets people trade around the clock. But Hirsch warned that technical upgrades do not rewrite the law. Just because a bond or equity gets digitized does not mean it loses its status as a regulated financial instrument. Source: Shutterstock He used a straightforward comparison. If you slap a new label on something, you can change how it looks, but you are not changing what it is. That’s how the SEC views tokenized assets. If they meet the legal definition of a security, they will still be treated as one. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Institutions Are Watching This matters because tokenized finance is starting to attract some of the biggest names in the industry. Firms like BlackRock and Franklin Templeton are exploring tokenized treasuries and money market funds. Some crypto platforms are building businesses on the idea that tokenization opens the door to a more flexible legal framework. BitcoinPriceMarket CapBTC$2.21T24h7d30d1yAll time But Hirsch’s statement hits pause on that optimism. He said the SEC is watching closely and will apply the same legal standards to these new formats as it does to traditional offerings. Registration, disclosure, and investor protections still apply, even if the asset now lives on a blockchain. Enforcement Isn’t Slowing Down Despite a few recent losses in court, Hirsch made it clear that the SEC is not easing up. He pointed out that the agency continues to file new enforcement actions and is keeping a close eye on firms that try to stretch the rules. Even companies that are making an effort to stay compliant need to be cautious about how they interpret the legal boundaries around tokenization. Hirsch acknowledged that the crypto industry is moving fast and evolving, but reminded everyone that the law is still the law. Being innovative does not mean you can skip the regulatory playbook. DISCOVER: 20+ Next Crypto to Explode in 2025 So What Does it Mean? For startups, developers, and institutional players experimenting with tokenized assets, the message is pretty straightforward. The technology might be new, but the regulations are not. Whether you are dealing with a digital token or a printed share certificate, the legal treatment stays the same if it qualifies as a security. Tokenization may offer efficiency and access, but it does not give anyone a free pass. The rules still apply, and the SEC is making sure everyone understands that. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways SEC official David Hirsch says tokenized assets are still subject to securities laws if they meet the legal definition of a security. Putting traditional assets like stocks or bonds on a blockchain does not change how they are treated under U.S. law. Hirsch warned that the SEC will apply the same rules to tokenized products, including disclosure and registration requirements. Big firms exploring tokenized finance, like BlackRock and Franklin Templeton, are being watched closely by regulators. The SEC is continuing enforcement efforts and reminding companies that new tech doesn’t cancel out old rules. The post SEC Official Says Tokenized Assets Are Still Securities Under U.S. Law appeared first on 99Bitcoins.

XRP price started a fresh increase above the $2.320 zone. The price is now showing positive signs and might climb above the $2.45 resistance. XRP price started a fresh increase above the $2.350 zone. The price is now trading above $2.320 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $2.350 zone. XRP Price Rallies Over 5% XRP price started a fresh increase after it settled above the $2.30 level, beating Bitcoin and Ethereum. The price was able to climb above the $2.350 resistance level. The recent move was positive and the bulls pushed the price above the $2.40 level. A high was formed at $2.437 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2.250 swing low to the $2.437 high. The price is now trading above $2.350 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $2.380 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.4350 level. The first major resistance is near the $2.450 level. A clear move above the $2.450 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.60 in the near term. The next major hurdle for the bulls might be near the $2.750 zone. Another Decline? If XRP fails to clear the $2.450 resistance zone, it could start another decline. Initial support on the downside is near the $2.380 level and the trend line zone. The next major support is near the $2.350 level or the 50% Fib retracement level of the upward move from the $2.250 swing low to the $2.437 high. If there is a downside break and a close below the $2.350 level, the price might continue to decline toward the $2.320 support. The next major support sits near the $2.2650 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.380 and $2.350. Major Resistance Levels – $2.4350 and $2.450.

Cardano has slipped about 1.54% in the past day, but signs are pointing toward a turn in its fortunes. Traders have spotted a rare weekly golden cross on the ADA/USD chart. That happens when a shorter moving average crosses above a longer one. It can signal that buyers are gaining the upper hand after months of sideways action. First Ever Weekly Golden Cross According to analyst Mr. Brownstone, Cardano just logged its first‑ever weekly golden cross, with the 50‑week moving average climbing above the 200‑week line. ADA is trading at $0.60, under both its 50‑day MA at $0.66 and its 200‑day MA at $0.64. That gap means bulls need more firepower to push price back above key levels. Still, the weekly signal has many calling a bullish move ahead. Price Levels To Watch Based on examination from MasterAnanda, ADA will likely need to reclaim its 34‑period EMA and the 200‑day MA before a real uptrend can take hold. Many traders use those levels as checkpoints. If ADA closes above $0.64, it could draw new buyers in. On the flip side, a drop under $0.59 might trigger more selling pressure. Whales Return To Accumulate Analyst Ali Martinez has noted that large holders scooped up about 120 million ADA over the past two weeks. These addresses, each holding between 1 million and 10 million ADA, now control roughly 5.5 billion ADA—worth around $3.3 billion at current prices. When big wallets pile in, it often suggests confidence that prices will head higher. But it can also lead to quick flips if whales decide to take profits. Cardano: Forecasts And Sentiment Several price targets have emerged in recent weeks. Some analysts expect ADA to climb to $1.33, while others think $10 is within reach this cycle. Price prediction by CoinCodex points to a 25% rise to $0.74 by August 8, 2025. Right now, technical indicators lean bearish, and the Fear & Greed Index sits at 59 (Neutral). Cardano has seen 14 out of the last 30 days end in green, with volatility around 7.54%, according to the price prediction site. Outlook And Next Steps Cardano’s weekly golden cross is a bullish sign, but price still needs to clear shorter‑term hurdles. Traders looking for confirmation may wait for ADA to close above $0.66 on the daily chart. Those already in position might set a stop‑loss below $0.59 to guard against a rejection. With whale activity back on the rise and long‑term targets ranging from $1.33 to $10, Cardano is once again on investors’ radar. However, broader market trends—especially moves in Bitcoin—will likely dictate whether ADA’s momentum can stick. Featured image from Meta, chart from TradingView

Ethereum price started a fresh increase above the $2,720 zone. ETH is now consolidating gains and might aim for a fresh move above $2,800. Ethereum started a fresh increase above the $2,650 level. The price is trading above $2,720 and the 100-hourly Simple Moving Average. There is a key parabolic curve forming with support at $2,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,720 zone in the near term. Ethereum Price Rallies Above $2,700 Ethereum price started a fresh increase above the $2,650 zone, beating Bitcoin. ETH price gained pace for a move above the $2,720 resistance zone and entered a positive zone. The price even tested the $2,800 resistance. A high was formed at $2,795 and the price is now consolidating gains. It is stable above the 23.6% Fib retracement level of the upward move from the $2,516 swing low to the $2,795 high. Ethereum price is now trading above $2,720 and the 100-hourly Simple Moving Average. Besides, there is a key parabolic curve forming with support at $2,750 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,800 level. The next key resistance is near the $2,840 level. The first major resistance is near the $2,880 level. A clear move above the $2,880 resistance might send the price toward the $2,910 resistance. An upside break above the $2,910 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,980 resistance zone or even $3,000 in the near term. Are Downsides Supported In ETH? If Ethereum fails to clear the $2,800 resistance, it could start a fresh decline. Initial support on the downside is near the $2,750 level. The first major support sits near the $2,720 zone. A clear move below the $2,720 support might push the price toward the $2,650 support or the 50% Fib retracement level of the upward move from the $2,516 swing low to the $2,795 high. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500. 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 – $2,720 Major Resistance Level – $2,800

Bitcoin price started a fresh increase above the $108,500 zone. BTC is now up over 3% and showing positive signs above the $110,000 level. Bitcoin started a fresh increase above the $108,500 zone. The price is trading above $110,500 and the 100 hourly Simple moving average. There was a break above a bearish trend line with resistance at $108,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $112,000 resistance zone. Bitcoin Price Eyes More Gains Bitcoin price started a fresh increase after it cleared the $108,500 resistance zone. BTC gained pace for a move above the $108,800 and $109,500 resistance. Besides, there was a break above a bearish trend line with resistance at $108,800 on the hourly chart of the BTC/USD pair. The bulls even pumped the pair above the $110,000 resistance zone. It opened the doors for a move toward the $112,000 level. A high was formed at $112,000 and the price is now consolidating gains. It tested the 23.6% Fib retracement level of the upward move from the $107,500 swing low to the $112,000 high. Bitcoin is now trading above $109,500 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $111,600 level. The first key resistance is near the $112,000 level. The next resistance could be $112,500. A close above the $112,500 resistance might send the price further higher. In the stated case, the price could rise and test the $115,000 resistance level. Any more gains might send the price toward the $116,000 level. The main target could be $118,000. Downside Correction In BTC? If Bitcoin fails to rise above the $112,000 resistance zone, it could start a downside correction. Immediate support is near the $110,800 level. The first major support is near the $109,750 level or the 50% Fib retracement level of the upward move from the $107,500 swing low to the $112,000 high. The next support is now near the $109,200 zone. Any more losses might send the price toward the $108,500 support in the near term. The main support sits at $107,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $110,800, followed by $109,750. Major Resistance Levels – $112,000 and $115,000.

Bitcoin continues to consolidate just below its all-time high of $112K, holding firmly above key support at $105K despite repeated bearish attempts to push the price lower. This tight trading range reflects market uncertainty, yet the structure favors bulls as long as support levels remain intact. Meanwhile, macroeconomic conditions are evolving rapidly. The US Congress recently passed President Donald Trump’s “big, beautiful” economic package ahead of the self-imposed July 4 deadline, signaling a new phase of fiscal stimulus marked by tax cuts and aggressive spending. Combined with strong job reports, these factors suggest inflation may soon accelerate — a trend that historically supports Bitcoin as a hedge against fiat devaluation. On the market sentiment side, funding rates provide a crucial clue. According to top analyst On-Chain Mind, the 30-day average of Bitcoin perpetual funding rates is currently very low. This reflects a lack of excessive greed and typically marks a favorable setup for bullish continuation. Historically, periods of low funding rates have preceded major upward moves, especially when paired with strong macro tailwinds. With economic pressure building and Bitcoin still in a bullish structure, the coming days could define the next major move for the world’s largest cryptocurrency. Calm Before The Breakout: Bitcoin Gains Strength Above $107K Bitcoin is up more than 3% since the start of July, holding firmly above the $107,000 local low despite repeated resistance at the $110,000 level. This sustained strength signals underlying buyer support and growing momentum as BTC continues to consolidate just below all-time highs. The $110K resistance remains a critical ceiling — once breached, analysts expect a strong move into price discovery as bullish momentum builds. So far, the market has digested a wave of macroeconomic and geopolitical developments. Global trade dynamics — including rising tariffs, export restrictions, and deglobalization trends — continue to shape sentiment. Yet, compared to the sharp volatility seen earlier this year, both Bitcoin and US equities appear more resilient. This suggests that much of the uncertainty has already been priced in, reducing the downside risk for risk assets like BTC. A key technical factor reinforcing the bullish case is the low 30-day average of funding rates. This indicator reflects a neutral-to-cautiously optimistic market environment — a stark contrast to overheated bullish phases that often precede corrections. Calm periods like this often set the stage for explosive moves, particularly when supply squeezes and strong demand meet a macro environment ripe for risk-taking. With BTC coiling tightly and sentiment balanced, a breakout could be imminent. BTC Holds Steady as Bulls Eye $109,300 Breakout The 4-hour chart shows Bitcoin (BTC) consolidating within a tight range, holding above the key support at $107,000 and testing resistance around $109,300. This price level has consistently acted as a local ceiling, with several failed breakout attempts in late June and early July. However, the bulls continue to defend higher lows, signaling strength and setting the stage for a potential breakout. The 50, 100, and 200 simple moving averages (SMAs) are stacked close together and gradually trending upward, suggesting the consolidation phase could soon transition into a more directional move. Volume remains low, which often precedes a volatility spike, especially near key resistance levels. The $103,600 support remains the crucial line in the sand for bulls. A breakdown below that level would invalidate the short-term bullish structure and likely lead to a deeper retrace. On the upside, a daily close above $109,300 with volume confirmation could trigger a rally toward price discovery above the all-time high. Featured image from Dall-E, chart from TradingView

Bitcoin has been showing notable correlation to the stock equities recently, but data shows Ethereum is charting a more independent path. Bitcoin & Ethereum Showing Different Degrees Of Correlation To Other Assets In a post on X, the institutional DeFi solutions provider Sentora (previously IntoTheBlock) has talked about how the latest Correlation Matrix has looked between the two largest cryptocurrencies, Bitcoin and Ethereum, and traditional markets. The “Correlation Matrix” here refers to an indicator that tells us how closely tied together the prices of two given assets currently are. When the value of this metric is positive, it means the assets are reacting to moves in each other by moving in the same direction to some degree. The closer the metric is to 1, the stronger the relationship. On the other hand, the indicator being under the zero mark implies there is a negative correlation between the two prices. That is, they are moving in opposite directions. For this side of the scale, the extreme point is -1. Naturally, the Correlation Matrix showing a value exactly equal to zero suggests there is no correlation whatsoever between the assets. In statistics, the two variables are said to be ‘independent’ in this case. Now, here is the table shared by Sentora that shows how the Correlation Matrix of Bitcoin and Ethereum stands with respect to some traditional markets: As is visible above, the index that Bitcoin and Ethereum have the strongest positive correlation to is DAX. That said, the Correlation Matrix stands at 0.46 for ETH, meaning that while some correlation does exist, it’s not too intense. This isn’t the case for Bitcoin, which has the indicator sitting at 0.85, indicating its price is pretty in tandem with DAX. Likewise, BTC has a notable correlation to other stock market indices, with a metric value of 0.7, 0.68, and 0.69 for the Russel 2000, S&P 500, and Dow Jones Industrial Average, respectively. In contrast, Ethereum is almost fully independent from these indices, with the indicator standing quite close to zero for each of them. For US Dollar Index and VIX Index, the last two markets listed in the table, the Correlation Matrix is inside the negative zone for Bitcoin. This means that the digital asset has actively been moving against these indices. “Right now, the spotlight is on the U.S. Dollar Index (DXY): if geopolitical and macro tensions drag the dollar lower, that backdrop could create room for another leg higher in BTC,” notes the analytics firm. Just like with the stocks, Ethereum is displaying little correlation to DXY and VIX, further reinforcing that the cryptocurrency has been following a trajectory of its own recently. BTC Price Bitcoin is mounting another bullish push as its price surges to $109,400, but it remains to be seen whether its fate will be any different from the weekend move.

On Wednesday afternoon, Bitcoin (BTC) surged to a remarkable all-time high (ATH) of $112,022, breaking free from its previous consolidation phase and lower resistance levels. Bitcoin Rally Faces Critical Test John Glover, the chief investment officer at crypto lending platform Ledn and a former managing director at Barclays Investment Bank, noted that the recent rally appears to be a retest of the previous all-time high set on May 22, which encountered selling pressure. As some investors opted to take profits, notable publicly traded companies, including Trump Media & Technology Group and GameStop, have announced their intentions to purchase Bitcoin to bolster their treasuries. Glover emphasized that the competition among these companies to accumulate Bitcoin could significantly impact market dynamics, given that the cryptocurrency’s popularity among publicly traded companies appears to be growing. However, the sustainability of Bitcoin’s rally largely hinges on macroeconomic conditions and developments in trade negotiations. Sid Powell, CEO of crypto asset-management firm Maple, highlighted that any setbacks in trade discussions before President Donald Trump’s August 1 deadline could pose challenges for Bitcoin’s price movement. Conversely, if trade negotiations progress and inflation continues to ease, the Federal Reserve (Fed) might consider cutting interest rates, which could further support Bitcoin’s upward trajectory. Scenarios For A Potential Breakout Toward $130,000 Market expert Doctor Profit recently took to social media, declaring that Bitcoin’s rally is just beginning. He confidently stated, “THE PARTY IS NOT OVER YET,” predicting a potential new all-time high soon. His analysis indicates a target range of $120,000 to $130,000 for this cycle. According to Doctor Profit, two potential scenarios could pave the way for this breakout. The first involves Bitcoin reaching the $113,000 to $114,000 range, followed by a correction to the $92,000 to $93,000 level, which aligns with a major liquidity pool and the CME gap. A rebound from this lower range could set the stage for a rapid ascent toward the $120,000 mark. The second, more aggressive scenario suggests that Bitcoin could break through the $113,000 to $114,000 barrier and continue its upward momentum without revisiting lower liquidity levels. In either case, the $113,000 to $114,000 range is critical, as the market’s reaction to this level will significantly influence the speed and direction of Bitcoin’s next leg. When writing, BTC has retraced back toward $111,422, attempting to make this level its new support floor for further price appreciation. Featured image from DALL-E, chart from TradingView.com

Tether Holdings SA, issuer of the world’s largest stablecoin, is said to have stockpiled $8 billion worth of gold in a secure vault in Switzerland, according to a Bloomberg report. In a statement to Bloomberg this week, the El Salvador-based crypto firm confirmed that it holds around 80 metric tons of gold, the majority of which are owned outright by the company. The amount, it adds, makes Tether “one of the largest gold holders in the world outside of banks and nation states,” comparable to that of UBS Group. Tether is the issuer of the USDT stablecoin, a cryptocurrency whose value is pegged to the USD on a near one-to-one basis. The company receives dollars in return for the tokens it issues and makes money from that collateral by investing in assets like gold. Since its launch in 2014, USDT has grown to become the largest cryptocurrency by trading volume, with about $159 billion currently in circulation. According to the company’s latest report issued in March, bullion accounts for 5% its reserves, with a market value of approximately $8 billion. In an interview with Bloomberg, Tether chief executive Paolo Ardoino described its gold vault as “one of the most secure in the world,” though he did not provide further details aside from a generic location (Switzerland), citing security reasons. Explaining the company’s strategy to accumulate gold, Ardoino said he views gold a “safer asset” than any national currency, including the US dollar, particularly when there are rising concerns over America’s debt levels. He went on to say that central banks within the BRICS nations have been stockpiling bullion, which contributed to rising gold values. However, its growing allocation to gold could raise regulatory challenges due to the soaring popularity of stablecoins in recent years. Draft legislation in the US such as the GENIUS Act, and European frameworks like MiCA, would restrict stablecoin reserves to cash or near‑cash instruments – excluding commodities like gold. If these rules take effect, Tether may need to adjust its holdings to maintain compliance in regulated markets. In addition to USDT, the company also issues the XAUT stablecoin, which is backed one-to-one by an ounce of gold and can be redeemed for physical gold, collected directly in Switzerland. To date, it has issued tokens equivalent to 7.7 tons of gold or $819 million, a paltry amount relative to the more liquid gold-backed exchange-traded funds. Ardoino also noted that the company opted to self‑custody its bullion to avoid the costs associated with commercial vault operators, which typically charge around 50 basis points. If Tether’s gold token were to grow to $100 billion in circulation, “it’s a lot of money to pay”, he said. Gold prices have rallied about 25% this year, as investors reach for safe havens to hedge against geopolitical tensions and an expanding trade war. Strong demand from central banks and sovereign institutions has also supported bullion’s rise.

A new analysis shows that Bitcoin (BTC) may be on the verge of a calculated price crash that could take it below $107,000 before igniting the next bullish rally. The cryptocurrency market structure currently reflects a short-term bearish correction within a broader bullish trend, supporting the likelihood of a potential surge to new all-time highs soon. Bitcoin Prepares For Final Dip Below $107,000 Crypto market expert, Tehi Thomas, in a recent TradingView post, suggested that Bitcoin’s current structure may be entering its final corrective phase. The analyst points to a potential price crash below the $107,000 level as part of a strategic play by smart money. The analyst shared a chart showing Bitcoin forming consecutive lower highs while its price presses downwards. Across these highs, the market is also respecting a descending trendline, a pattern which often indicates short-term bearish pressure. Notably, this trendline appears to be serving as a potential trap designed to engineer a liquidity grab and discount entry. Thomas notes that once the key zone and sell-side liquidity area around $107,800 is taken, Bitcoin’s price is expected to dip into a nearby Fair Value Gap (FVG), extending down to the $106,500-$106,200 region. This FVG overlaps with critical Fibonacci levels, particularly the 0.786 retracement near $106,200, strengthening the confluence for a potential reversal point. Thomas has highlighted this $106,200 level as a high-probability buy zone, where institutions may re-enter the market. Notably, the analyst’s anticipated price correction for Bitcoin is not seen as a breakdown of structure or market failure, but rather a calculated liquidity grab to fill inefficiencies left from the previous lag. As long as the price respects the $106,000 range and displays bullish order flow afterward, its projected correction is expected to complete the accumulation phase. All-Time Highs In Sight After Key Reversal Following Bitcoin’s projected sweep and fill of the FVG, the cryptocurrency is expected to form a reversal structure that could kick off the next major rally. Despite the projected crash below $107,000, Thomas asserts that Bitcoin’s overall macro trend remains bullish. Moreover, this short-term pullback is considered a setup for a much larger move toward a new all-time high. Thomas’s chart marks the $110,500 zone as the final magnet and ATH target, with a significant layer of untapped liquidity above it. The analyst’s thesis is that once the sell-side pressure is exhausted and displacement confirms the shift in direction, Bitcoin could once again regain bullish momentum. Furthermore, the TradingView expert has pointed out that the FVG near $106,200 acts as both a liquidity magnet and a springboard, set to launch the flagship cryptocurrency into price discovery mode once again. Currently, Bitcoin is trading at $108,744, meaning a potential surge to the projected ATH level at $110,500 will represent a 1.61% increase.

In a monthly chart shared on July 8, crypto analyst Kevin (@Kev_Capital_TA) outlined a long-term bullish thesis for Dogecoin (DOGE), identifying a clear historical pattern that may signal the next major leg in its price trajectory. The focal point of the chart is the 1.618 Fibonacci extension—used as a key projection level—which Kevin implies is Dogecoin’s next major upside target. Based on the chart, this level corresponds to $3.94. History Says Dogecoin Will Hit $3.94 Dogecoin’s price action has followed a remarkably consistent macro-pattern across three major market phases. In each, DOGE formed a clear descending wedge, followed by an impulsive breakout and parabolic rally. These structures are annotated in yellow on the chart and preceded both the 2017 and 2021 bull runs. The most recent wedge breakout completed in November last year, with a retest of the breakout currently taking place. Kevin marks two historical Fibonacci extension levels that were reached following previous consolidations. Both peaked near the 1.618 Fibonacci extension of their respective bases—a common target for extended bullish moves in technical analysis. For the current structure, this places DOGE’s long-term Fibonacci target near $3.94, which would represent a roughly 2,218% move from the current price around $0.17. Indicators further support the notion of a long-term base having formed. The RSI (Relative Strength Index) on the monthly chart has just reclaimed the neutral 50 zone, currently sitting at 50.39, a signal often interpreted as the transition from bearish to bullish control. In prior cycle, the monthly RSI always topped above 90. Notably, the monthly RSI is also in an uptrend since mid-2022, respecting the yellow trendline drawn by the analyst. A significant confluence comes from the Stochastic RSI, which has just completed a bottoming crossover in the oversold region. The last time this occurred, in early 2020, Dogecoin followed with a parabolic surge. This same dynamic now appears to be setting up again, echoing the previous cycle. Also noteworthy is the chart’s structural emphasis on 0.382 Fibonacci retracement support, currently plotted at $0.13778, from which Dogecoin appears to be bouncing. This aligns with the green supertrend support, suggesting a critical local floor has been found. While the purple zones on the chart above $0.50 are not formal price targets, Kevin clarified in a response to a community member that they are key resistance zones—intermediary checkpoints before DOGE can make a full move toward its final Fibonacci extension. These zones span from approximately $1.00 to $1.20 as well as from $2.30 to $2.50, and eventually up toward the $3.94 range. Kevin emphasized that “as well as Dogecoin has done this cycle especially compared to other altcoins, it still has not even come close to what it is capable of. That will change in the right environment.” He further noted that Dogecoin has already seen a 10x move from its bear market low to the local highs, but believes “there’s still work to do” when the cycle of quantitative tightening by the US Federal Reserve ends. The chart and commentary triggered a strong community reaction. Users like @MonetaryRegimee declared “We always hit the 1.618,” to which Kevin replied, “Typically yes,” reinforcing his confidence in the fractal repetition. Others described the current price action as “the calm before the storm.” Whether Dogecoin ultimately fulfills its fractal-driven destiny toward $3.94 remains to be seen. But the historical technical symmetry laid out by Kevin’s chart offers a compelling case that DOGE’s long-term rally may be far from over. At press time, DOGE traded at $0.174.

Tech was in focus in today's session, particularly throughout the last few hours as NVIDIA just hit the $4 trillion market cap and Bitcoin, Ethereum rallied consequently. Sentiment still shows a few signs of hesitation, particularly with disappointing Prime Day numbers dragging Consumer defensive stocks down relative to other sectors. European stocks are to be monitored as they have had consecutive positive days above 1.50%, led by the German DAX. In terms of Commodities, softs had a decent performance led by Cocoa, Sugar and Lumber – in terms of more commonly traded commodities though, US Oil and Gold are almost completely unchanged. Read More: Trump tariff yo-yo fails to scare Markets – NA Mid-Week Update Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Despite a risk-off opening to this week, the latest tariff delay from the Trump administration brought back some risk appetite. The Nasdaq retested its all-time highs (22,945 on its CFD) and the S&P 500 came close to it. Only the Dow Jones is once again lagging on the positive sentiment, with deeper US productivity concerns due to the tariff menace still being real for Consumer Defensive stocks. Markets are still off an ecstatic mood which is starting to show a few cracks. The real main change to this week's flows is the US Dollar starting to show some signs of rebound, up around 1 full handle from its 96.50 lows. The FOMC Minutes are released about an hour ago, with the most market moving element being the mention of a few participants that are moving closer to a cut in July, leading to a drop in US Treasury Yields (Bonds higher, yields down). Read More: Ethereum’s steady performance sets the stage for an upside breakout Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.