Cryptocurrency News

Lee said that Ethereum should be trading above $5,000 in a new bull cycle, and could top $10,000 in one to two years.

CryptoQuant analyst Darkfost said the bull-bear cycle indicator "has just shifted into the early bull regime," while cautioning it is "not a perfect signal."

The three firms held shorts of $338 million of ETH and $265 million of BTC, the largest on the chain after a price surge liquidated bigger whale accounts.

Michaël Van de Poppe said that cryptocurrencies "haven't seen any moves at all," with SOL/BTC barely beginning to rise after Solana broke its 21-day moving average and flipped a level.

Visser referred to Bitcoin as the “S&P 500 of the crypto world,” and saw it as a significant store of value in the digital economy.

In the near term, Bill Barhydt sees Bitcoin retesting $85,000, unwinding leverage back to the low $70,000s.

Hayes believes a move above $3,000 could trigger reflexive buying and potentially send Ethereum toward the $5,000 level.

According to Grover Norquist, the government shouldn't tax Americans on inflation-driven gains it helped create.

Geoff Kendrick said he was sticking with Standard Chartered's long-term Bitcoin target which the bank pushed by two years after cutting near-term forecasts.

White House crypto adviser Patrick Witt said agencies are "locked and loaded" to act if the CLARITY Act fails.

Speaking on 30-year yields, Michael Howell said that he sees yields rising to 6%, leaving the economy to depend on refinancing.

US spot Bitcoin ETFs pulled in over $1.9 billion this week, while 10-year return data from a Creative Market Strategist showed Bitcoin up 13,200%, trailing only Nvidia.

The Metaverse project, Sandbox, disabled bridging on both networks and warned users not to trade SAND on Base or BSC while liquidity remains compromised.

With a base case aim of $80,000 and "risks skewed to much higher," a Galaxy trading analyst said that the market shifted from a "sell rips" to a "buy dips" regime.

Retail traders on Stocktwits turned to the ‘extremely bullish’ zone for TRUMP and ZEC, while sentiment around Polygon continued to be in the 'bullish' zone.

ETH, SOL, HYPE and ZEC gained alongside Bitcoin, but the spotlight was on Ethereum spot ETFs that pulled in $189.15 million on Thursday, their largest single-day inflow in 10 months.

Market commentators hailed the announcement as a liquidity-positive signal, with analysts saying the Treasury’s actions strengthen the long-term bull case for Bitcoin.

The BitMEX co-founder is returning to a leadership role after a six year hiatus as CEO of Flop Labs.

As Bitcoin ETF outflows and poor on-chain activity continue, Santiment data showed whale accumulation is on the rise.

Bitwise’s Rasmussen views Bitcoin as trading more like gold, while Ethereum, Solana and Hyperliquid trade more like technology stocks.

BlackRock’s latest 10-year study showed that a 1-2% allocation to Bitcoin would have improved risk-adjusted returns in a traditional 60/40 portfolio.

The proposal would include a one-time “startup exemption” for offerings up to $5 million over four years and a “fundraising exemption” for up to $75 million per 12-month period.

Cameron Winklevoss sees Bitcoin’s current price point as a buying opportunity, despite mixed market sentiments and AI pulling capital away.

Altcoins are gaining popularity as analyst Michaël van de Poppe thinks a sustained Bitcoin rebound might revive interest in the sector.

Jane Street had several positions, such as a $14.1 million stake in XRP Etfs with its largest stake in Bitwise XRP ETF.

Fundstrat said rising long-term real yields could eventually help break Bitcoin out of its unusually quiet trading range, while Tom Lee noted easing oil prices as a backdrop for risk assets.

During the July meeting, the FOMC held rates steady for the fifth consecutive time, leaving them at the same level since the December rate cut.

The gathering comes as the CLARITY Act, the crypto industry's top Washington priority, remains pending in the Senate ahead of a vote next month.

Bitcoin recovered above $64,000 after touching $63,770 during the session.

Bitcoin’s price has struggled to break past $65,000 since the beginning of June, even hitting a 52-week low of around $57,700 in July.

A rising institutional footprint helped slow bitcoin sell-offs, and the current dip appears significantly less volatile than past crypto bear markets.

AI is pulling liquidity, and concerns over Strategy are weighing on sentiment, Arthur Hayes said, which could push Bitcoin down before pushing it up.

Hagerty said midterm elections would slow the bill's passage, a concern shared by House Majority Whip Tom Emmer, who said Democrats were looking to shut down the government.

Ark Invest’s Valente added that the value of Zcash’s privacy lies in self-custody, which remains too risky for most users

Bitcoin may be nearing a pivot, with on-chain data indicating a redistribution of supply, not capitulation, Bitfinex said.

Timing is becoming an issue, with the bill still not on the Senate floor schedule, and any delay could push meaningful action into the August recess.

The launch comes after BlackRock's BUIDL fund, which has grown to about $2.5 billion in assets since its launch in 2024.

Analyst points to increasing concerns over Federal Reserve credibility, rising long-term Treasury yields, and the potential unwinding of yen carry trades as major risks for Bitcoin.

Analysts have questioned the small team and scale of operations of Coldcard maker Coinkite, and called it a “red flag.”

The current losing streak is almost double the previous record of 40 days.

Giancarlo warned that the GENIUS Act and the CLARITY Act keep financial surveillance alive by expanding Bank Secrecy Act obligations to new financial systems based on blockchain.

O'Leary said Bitzero was one of his favorite crypto-adjacent bets, adding that owning power, land and fiber is more important than whether the customers are AI firms or Bitcoin miners.

The debate over developer liability heated up after former White House cybersecurity official Carole House said software developers should be held more legally responsible for how their code is used.

Bitcoin’s next move may hinge on whether it can hold the key $60,000 support level.

Bitcoin ended July near $62,800 and consolidated in the low-to-mid $60,000s, below its 200-week moving average.

The hackers used an “automated tool” to scan 1,196 wallets and steal more than 1,082 BTC within just 41 minutes.

DCG President said the firm's main priorities include preserving digital-asset jobs in the U.S., protecting consumers and developers, and replacing "regulation-by-enforcement" with clear regulations.

In an interview with Mark Moss, Visser pointed out that chip makers still need to stay ahead of the technology game, similar to Nvidia, while Bitcoin gains value from its limited supply.

Pompliano said the biggest fight over the bill is about who gets to offer yield, with banks trying to keep crypto firms out of the market.

CME's FedWatch Tool indicates a 0% chance of a cut, 62.1% chance of no change, and 37.9% chance of a 25bp hike, while Citadel's Frank Flight and bond strategist Harley Bassman bet on a surprise hike.