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Bitcoin (BTC) hit fresh highs amid political support and macro fears, but whale retreats and weakening charts raise caution near-term.
Ordinals gain cross-chain access to Cardano via the BitVMX Alliance initiative. Input Output confirms the 2025 Cardano treasury limit is constitutionally sound. ADA and BTC holders can now explore new DeFi use cases across both networks.
BlackRock continues accumulating ETH despite New major institutional player could potentially spice things up for ETH. ETH struggles to break through resistance near the $2,700 price tag. ETTH exchange reserves registered positive weekly growth after previous downside.
GameStop added 4,710 Bitcoin as a reserve asset, joining the group of companies holding Bitcoin in their balance sheet. The move comes in response to its board’s decision in March to add Bitcoin as a treasury reserve asset, diversifying its asset investments. GME stock jumped 4% in premarket trading hours, bringing weekly gains to over 20%.
The third quarter of the year has historically been Bitcoin’s weakest-performing on average, and analysts are debating whether its current momentum will continue.
Analyst charts suggest Bitcoin price could surge past $130,000 by July if the M2 correlation continues. The M2 money supply is at a new all-time high, historically preceding major Bitcoin rallies. Bitcoin Open Interest Surge Signals Risk-On Shift.
Ripple criticized SEC’s vague rules like “fully functional” and “decentralized,” saying Congress should decide these matters, not regulators.
- 14:14Analysis: Each Additional 10,000 BTC Held by ETFs Could Push Average Price Up by 1.8%, Potentially Reaching $150,000 in OctoberAccording to ChainCatcher, citing a report from Decrypt, research firm Cooper Research has released a report indicating that as large amounts of investor capital flow into Bitcoin exchange-traded funds, a rise in Bitcoin’s price now appears inevitable. Data shows that for every additional 10,000 BTC held by ETFs, the price of Bitcoin can increase by an average of 1.8%. Analysts point out that based on a range of data indicators, Bitcoin seems poised for another significant rally. The leverage-driven market frenzy is gradually fading, and Bitcoin’s price movement may take a more moderate path, with projections suggesting it could reach $140,000 in September and possibly rise to $150,000 as early as the beginning of October.
- 14:13Bitdeer: Total Bitcoin Holdings Surpass 1,600According to Jinse Finance, Nasdaq-listed Bitcoin mining company Bitdeer has released its latest Bitcoin holdings data on the X platform. As of July 18, its total Bitcoin holdings have increased to 1,601.4 BTC (note: this figure represents proprietary holdings and does not include Bitcoin deposited by clients). In addition, the company mined 65.0 BTC this week but sold 27.4 BTC.
- 13:51Data: 60 Million USDC Burned by USDC Treasury on EthereumChainCatcher reports that, according to Whale Alert monitoring, the USDC Treasury burned 60 million USDC on the Ethereum blockchain approximately 12 minutes ago.