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Share link:In this post: A Franklin Templeton report suggested that Solana threatened Ethereum due to its growing influence. Solana’s DEX volumes surpassed the Ethereum ecosystem in January, highlighting a potential market shift. According to the report, the shift to activity to the layer two blockchain shows the Ethereum scaling approach was working.
Bitcoin is currently consolidating within a symmetrical triangle formation, with converging trendlines indicating a period of consolidation preceding an expected breakout soon. Technical analysis identifies key support near $86,000-$88,000 and resistance between $92,000 and $94,000, while traders monitor volume for confirmation in upcoming sessions. A recent sharp drop followed by a strong recovery formed the triangle pattern, setting the stage for a potential 20% price movement.
TRUMP surged 8.43% to $15.02, breaking a descending wedge and indicating strong buying momentum. RSI stands at 59.20 points indicating mild upward strength although MACD signals possible market consolidation or a correction phase may occur. TRUMP can drive its price towards $18.00 and beyond if support stays above $13.44 despite market volatility.
Quick Take Late Thursday, President Trump signed an executive order to establish a U.S. Strategic Bitcoin Reserve, capitalized by the approximate 200,000 BTC ($18 billion) already owned by the federal government, forfeited as part of criminal or civil proceedings. Standard Chartered Global Head of Digital Assets Research Geoff Kendrick suggested one option for funding the U.S. Strategic Bitcoin Reserve in a budget-neutral way would be to sell part of its $760 billion gold reserves.
Quick Take Trump signed an executive order to create a strategic bitcoin reserve and digital asset stockpile the day before the summit. Big crypto industry players, including Coinbase CEO Brian Armstrong, Kraken co-CEO Arjun Sethi and lawmakers such as House Majority Whip Tom Emmer, R-Minn, among others, attended the summit.
- 22:22Planet Ventures Increases Holdings by 3.06 BTC, Total Holdings Reach 28.89 BTCBlockBeats News, July 22 — According to monitoring by @btcNLNico, Planet Ventures Inc has increased its holdings by 3.06 BTC, bringing its total holdings to 28.89 BTC.
- 22:22In the past 24 hours, $541 million in liquidations occurred across the network, primarily affecting long positionsBlockBeats News, July 23 — According to data from Coinglass, liquidations across the entire network reached $541 million in the past 24 hours, with long positions accounting for $378 million and short positions for $163 million.
- 22:07There is a 95.3% probability that the Federal Reserve will keep interest rates unchanged in JulyAccording to CME "FedWatch" as reported by Jinse Finance: there is a 95.3% probability that the Federal Reserve will keep interest rates unchanged in July, and a 4.7% probability of a 25 basis point rate cut. For September, the probability of rates remaining unchanged is 40.3%, the probability of a cumulative 25 basis point rate cut is 57%, and the probability of a cumulative 50 basis point rate cut is 2.7%.