Bitcoin’s recent surge to $122,000 has been met with significant selling pressure from whale investors, signaling a potential shift in market dynamics. Ethereum’s brief breakout above $3,000 failed to hold,
Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. As East Asia begins its business day, bitcoin is down 1.8%, trading above $117,800, as traders take some profit after BTC pushed through multiple all-time highs. While there's a belief from some market participants that the rally is just beginning, with calls for BTC to hit 160k , 200k , and further , OKX's Chief Commercial Officer, Lennex Lai warns that risk is building just as fast as market enthusiasm. "Across platforms, we're seeing an increase in aggressive long positions and widening funding rates as ‘Crypto Week’ headlines boost sentiment," Lai told CoinDesk in an interview via Telegram. "At these levels, risks can build quickly - escalation of trade tensions with the EU, Mexico, and other trading partners could trigger sharp corrections. Another risk is letting euphoria drive decisions." Lai points to a slate of coming macro announcements – like the U.K. CPI release, and the U.S Core PPI, retail sales, and consumer sentiment, that could influence global risk sentiment and set the tone for broader markets. These concerns echo findings from K33 Research’s H1 2025 market report , which highlighted similar risks and volatility triggers earlier this year. According to K33, geopolitical turmoil and trade policy uncertainty have already driven significant market swings, such as a 30% correction to $75,000 earlier in the year. The report specifically noted, "Bitcoin struggled in this de-risking period but showed subtle hints of relative strength vs equities by outperforming equities in the aftermath of Liberation Day." Additionally, K33 highlighted historically low funding rates amidst rising prices, signaling cautious sentiment among seasoned traders who remain wary of abrupt market reversals. "Annualized funding rates averaged at 4.51% throughout the half-year, the lowest average half-year funding rate since December 31, 2022," when the post-FTX crypto winter was at its coldest, the report said. "In moments like this, smart traders focus on strategy over sentiment, using discipline to manage risk," Lai continued. "The excitement at the top is real, but those who manage their entries, exits, and funding exposure carefully are best positioned for whatever comes next." After all, he concluded, "strong momentum doesn’t mean the market is invincible." Maple Finance is Crypto's Largest On-Chain Asset Manager Maple Finance is now the largest on-chain asset manager, overtaking BlackRock’s tokenized money market fund BUIDL, according to data from a Dune Analytics dashboard tracking real-time DeFi asset flows . A surge of over $100 million in new deposits this week pushed Maple’s total assets under management (AUM) to $2.9 billion, eclipsing BUIDL’s $2.3 billion. While BUIDL draws capital with its ultra-conservative exposure to short-term U.S. Treasuries and cash equivalents, Maple appeals to more risk-tolerant institutions by offering yield through undercollateralized loans to vetted trading firms and crypto-native borrowers. That model, which relies on delegated credit underwriting rather than blanket overcollateralization, now appears to be scaling faster. The milestone suggests a growing appetite for yield-bearing DeFi credit products amid continued macro uncertainty. It also marks a rare instance where a decentralized credit protocol has outpaced a major TradFi incumbent like BlackRock on-chain, at least by raw AUM. AI Tokens Rally as Big Tech Doubles Down on Infrastructure AI-focused crypto tokens jumped 5% overnight, pushing the sector’s market cap to $29.6 billion, according to CoinGecko . The move comes amid a surge of AI and data infrastructure announcements from major U.S. tech firms, sparking renewed investor enthusiasm across both equity and token markets. Google said Tuesday it will invest $25 billion into data centers and AI infrastructure across the PJM electric grid, America’s largest, while also agreeing to buy 3,000 megawatts of hydroelectric power via a $3 billion deal with Brookfield. Meta, meanwhile, is planning “hundreds of billions” in AI data center builds, including a multi-gigawatt facility called Prometheus in Ohio. The announcements were timed around a Trump administration-led summit at Carnegie Mellon University, where over $90 billion in AI, energy, and data infrastructure pledges were revealed. The bullish tone on AI, from both government and industry, appears to be spilling into token markets, at least for now. Market Movements: BTC: Bitcoin is trading at $117,810.33, down 1.69%, and failed breakout attempts gave way to high-volume support, narrowing consolidation, and thinning liquidity, signaling market exhaustion and anticipation ahead of the next macro catalyst, according to CoinDesk's Research's technical analysis data. ETH: Ethereum surged 2.6% to $3,066.57 in a volatile 24-hour session, rebounding from a $2,933.50 low as institutional flows, record staking, and strong volume fueled a breakout past $3,075, signaling renewed bullish momentum. Gold: Gold fell 0.56% to $3,331.55, even as a new London Bullion Market Association (LBMA) poll showed analysts turning more bullish with upgraded 2025 forecasts averaging $3,324.40—driven by geopolitical tensions, dollar weakness, and fiscal concerns, though opinions remain split on whether prices will climb toward $4,000 or fade into year-end. Nikkei 225: Asia-Pacific markets are set to open mixed after President Trump announced a preliminary trade deal with Indonesia that includes a 19% U.S. tariff on its exports. S&P 500: The S&P 500 edged 0.4% lower after touching an intraday record, as rising Treasury yields and a 2.7% June inflation reading raised concerns over tariff-driven price pressures, despite strong bank earnings and Nvidia-led tech gains. Elsewhere in Crypto: Legitimate Privacy Tool or Dirty Money ‘Laundromat’? Lawyers Debate Role of Tornado Cash on Day 1 of Roman Storm Trial (CoinDesk) Can the Genius Act save banks from stablecoins? (Blockworks) ‘Existential Threat’: Bitcoin Proposal Would Freeze Satoshi’s Quantum-Vulnerable Coins (Decrypt)
Cantor Fitzgerald is poised to become a significant Bitcoin buyer through a strategic acquisition deal that could exceed $4 billion, marking a notable expansion in SPAC-led crypto investments. The transaction
The deal would position Cantor as a major Bitcoin buyer, expanding its SPAC-led crypto strategy amid renewed political support.
Cryptocurrency market bull run might have reached its peak
In a twist that few saw coming, Vanguard has quietly become the top shareholder in Strategy (MSTR). The $10 trillion asset manager now owns just over 20 million MSTR shares. That adds up to nearly 8% of Strategy’s Class A stock. Vanguard once warned that Bitcoin was “immature” and carried “no inherent economic value.” Now it finds itself deeply tied to Michael Saylor’s Bitcoin play. Index Strategy At Work According to a Bloomberg report , Vanguard didn’t set out to back Saylor’s moves. It simply follows its index‑fund rules. When Strategy’s stock climbed, it grew larger in the indexes that the company tracks. The result: Vanguard had to buy more shares. Through its broad‑market funds, the asset manager ended up with a stake worth hundreds of millions of dollars. It shows how passive strategies can lead to active positions in unexpected places. Vanguard’s CEO Tim Buckley once said that Bitcoin “could wreak havoc on portfolios.” He argued that the flagship crypto lacked the history and solid ground that long‑term investors need. Yet Vanguard’s own track record of following index weights means it can’t shy away from a stock that’s on the rise. No matter the fund’s view on Bitcoin, the rules forced its hand. Indirect Bitcoin Exposure Grows Strategy now holds 601,550 BTC. Each share of MSTR represents a slice of that giant pile of Bitcoin. For anyone holding Vanguard’s indexes, that means indirect exposure to more than half a million coins. Since 2020, MSTR stock has climbed around 3,400%. That surge helped push the firm’s market value up fast enough to land in Vanguard’s top holdings. Large investors often use ETFs or purpose‑built products to get Bitcoin exposure. Vanguard could have joined the likes of BlackRock in launching a spot Bitcoin ETF. But it declined. Instead, it finds itself holding a big chunk of Strategy. That makes it an unwitting part of the Bitcoin story, even if it wasn’t the path the firm’s managers originally chose. The fact that Vanguard is now the largest shareholder of $MSTR is proof that God has a sense of humor, or at least that was my reaction to @VildanaHajric who wrote story about it out today pic.twitter.com/TLg4iqT3kQ — Eric Balchunas (@EricBalchunas) July 14, 2025 Institutional Backing Signals Shift Michael Saylor sees this as a sign that institutions are coming around to Bitcoin. He told Bloomberg that Vanguard’s stake is “a powerful signal” of acceptance. For years, many big firms treated Bitcoin as a niche asset. Now they’re tied to its fortunes through Strategy’s public shares. That shift may encourage others to take a closer look. Bloomberg analyst Eric Balchunas summed up the irony on X, saying “God has a sense of humor.” He pointed out that Vanguard’s index approach means it must own all the stocks in its benchmarks—whether it likes them or not. Featured image from Pexels, chart from TradingView
BitcoinWorld CBDC Shockwave: Trump Administration’s Decisive Move to Block Digital Currency The cryptocurrency world is abuzz with a seismic announcement from the Trump administration. David Sacks, a key figure reportedly tapped to lead the White House’s AI and cryptocurrency strategy should Donald Trump return to office, has confirmed plans to decisively block the issuance of central bank digital currencies (CBDCs). This revelation, initially reported by Odaily and echoing sentiments previously expressed by Trump himself, sends powerful ripples through the global financial landscape. It promises a stark contrast to approaches taken by many other major economies, and for crypto enthusiasts and digital finance observers, this isn’t just a policy statement; it’s a potential game-changer that could redefine the future of money in the United States. Understanding the Central Bank Digital Currency (CBDC) Debate: What Exactly Are We Talking About? Before diving into the implications of the Trump administration’s stance, it’s crucial to grasp what a central bank digital currency (CBDC) truly is. In essence, a CBDC is a digital form of a country’s fiat currency, issued and backed by its central bank. Think of it as a digital version of the cash in your wallet, but instead of being printed by the government, it exists purely in electronic form and is directly controlled by the central monetary authority. Unlike decentralized cryptocurrencies such as Bitcoin or Ethereum, which operate on distributed ledgers and are not controlled by any single entity, a CBDC would be centralized. It would be a direct liability of the central bank, similar to physical banknotes, offering a level of sovereign backing that private digital currencies or stablecoins currently do not possess. Globally, central banks are exploring two main types of CBDCs: Retail CBDCs: These are designed for general public use, much like digital cash. Individuals and businesses would hold accounts or digital wallets directly with the central bank, or through intermediaries, enabling direct digital payments. Wholesale CBDCs: These are restricted to financial institutions for interbank settlements, aiming to improve the efficiency and security of wholesale payment systems. Proponents of CBDCs often highlight a range of potential benefits: Potential Benefits of CBDCs Potential Concerns of CBDCs Financial Inclusion: Providing access to digital payments for the unbanked or underbanked populations. Privacy Erosion: Potential for government surveillance of all financial transactions, leading to a loss of financial anonymity. Payment System Efficiency: Speeding up domestic and cross-border payments, reducing transaction costs. Government Control & Programmability: Risk of central banks or governments imposing restrictions on how and when money can be spent. Monetary Policy Effectiveness: Offering new tools for central banks to implement monetary policy, such as direct stimulus or negative interest rates. Disintermediation of Commercial Banks: Threatening the business models of traditional banks if individuals move deposits to the central bank. Combating Illicit Finance: Increased traceability could help in fighting money laundering and terrorist financing. Cybersecurity Risks: Centralized digital infrastructure could become a single point of failure, vulnerable to cyberattacks. Maintaining Monetary Sovereignty: In an increasingly digital world, a CBDC could ensure a nation’s currency remains dominant amidst the rise of private digital currencies. Economic Instability: Potential for bank runs if, during a crisis, people shift funds from commercial banks to the safer CBDC. Why is the Trump Administration Taking Such a Decisive Stand Against CBDCs? The proposed stance by the Trump administration , articulated by figures like David Sacks, is not merely a technical policy decision but appears deeply rooted in a fundamental distrust of centralized digital control and a strong emphasis on individual liberty and financial privacy. Donald Trump himself has publicly stated his opposition to a U.S. CBDC, framing it as a threat to freedom. David Sacks, a prominent venture capitalist and a close ally of Trump, has been particularly vocal on these issues. His perspective often aligns with a tech-libertarian viewpoint that champions decentralization and individual autonomy over government intervention. For Sacks and the potential Trump administration, the potential benefits of a CBDC are heavily outweighed by its inherent risks to civil liberties and the existing financial order. Key reasons underpinning this proposed blockade include: Profound Privacy Concerns: This is arguably the most significant driver. A CBDC could allow the government to monitor every single financial transaction made by its citizens. This level of granular oversight raises serious alarms about financial surveillance, the erosion of personal financial anonymity, and the potential for abuse of power. Imagine a scenario where the government could track your spending habits in real-time or even freeze your digital funds based on certain criteria. Fear of Government Overreach and “Programmable Money”: Critics argue that a CBDC grants excessive power to the central bank, potentially enabling direct control over citizens’ spending. The concept of “programmable money” – where the issuer could dictate how, when, or even if funds can be used (e.g., expiring funds, restrictions on certain purchases) – is a significant fear. This is seen as a direct assault on economic freedom. Protection of the Commercial Banking System: If individuals hold accounts directly with the central bank, it could bypass traditional commercial banks, disrupting their deposit base and lending capabilities. This disintermediation could destabilize the existing fractional reserve banking system, leading to unforeseen economic consequences. The administration may seek to protect the established financial infrastructure. Preservation of Physical Cash: There’s a strong sentiment within certain political factions to preserve physical cash as a bastion of privacy and freedom. They view CBDCs as a step towards a cashless society, which they believe could lead to greater government control and less individual autonomy. Ideological Alignment: This approach aligns with a broader conservative and libertarian philosophy that prioritizes market-driven innovation and individual choice over government-led digital finance initiatives. It’s a stance that resonates with a significant portion of the Republican base. Should Trump assume office, this opposition could manifest in various ways, from executive orders halting any CBDC development by the Federal Reserve to legislative efforts aimed at banning its issuance. This signals a clear intent to draw a line in the sand against what they perceive as an encroaching digital authoritarianism. The Broader Implications for Cryptocurrency Markets: A Boon for Decentralization? This proposed policy by the Trump administration could have profound and perhaps unexpected implications for the entire cryptocurrency ecosystem. If the U.S. opts out of developing and issuing a CBDC, it could inadvertently bolster the case for decentralized digital assets like Bitcoin and Ethereum, which were fundamentally designed to operate outside central control. Potential Upside for Decentralized Crypto: Narrative Reinforcement: The “freedom money” and “permissionless” narratives of Bitcoin and other decentralized cryptocurrencies could gain significant traction. If the alternative presented by a CBDC is perceived as government surveillance and control, users concerned about privacy might flock to truly decentralized solutions, seeing them as the only viable alternative. Increased Adoption: A U.S. CBDC block might encourage more individuals and institutions to explore and adopt existing cryptocurrencies and decentralized finance (DeFi) protocols. This could lead to increased liquidity and market capitalization for these assets. Innovation Shift: Development efforts within the crypto space might further concentrate on privacy-enhancing technologies, self-custody solutions, and robust decentralized infrastructures, as these become even more valuable in a world wary of centralized digital currencies. Clearer Regulatory Landscape (Potentially): While the administration’s broader crypto stance remains to be fully defined, blocking CBDCs could simplify the regulatory debate by clearly demarcating “private” crypto from “state-issued” digital money. This could lead to more tailored and potentially more favorable regulations for the decentralized sector. Challenges and Nuances: While a CBDC block might seem unequivocally bullish for crypto, it doesn’t automatically mean a fully crypto-friendly regulatory environment across the board. The administration’s broader stance on stablecoins, DeFi, NFTs, and crypto exchanges would still be crucial and could vary. The U.S. potentially falling behind on CBDC development could also raise questions about its future leadership in digital finance on a global scale, potentially ceding ground to nations that embrace digital currencies. The debate over the environmental impact of certain cryptocurrencies or their use in illicit activities would likely persist, regardless of the CBDC stance. Global Perspectives on Digital Currency Development: Is the U.S. Falling Behind or Leading a New Path? The U.S. approach, as articulated by the Trump administration, stands in stark contrast to many other nations actively exploring or even implementing a digital currency . This divergence highlights a global ideological split on the future of money and central bank roles in the digital age. Examples of Global CBDC Initiatives: China’s Digital Yuan (e-CNY): China is arguably the frontrunner, having extensively piloted its digital yuan across major cities and integrated it into daily life. Their motivations include improving payment efficiency, enhancing financial inclusion, combating illicit finance, and asserting geopolitical influence, often with less emphasis on individual privacy compared to Western concerns. Europe’s Digital Euro: The European Central Bank (ECB) is deep into its investigation phase for a digital euro, aiming to complement cash and offer a resilient payment system. The ECB has emphasized privacy safeguards and the importance of a “digital euro” to maintain monetary sovereignty in a rapidly digitizing world. Nigeria’s eNaira: Nigeria was one of the first countries to launch a live CBDC, the eNaira, in October 2021, aiming to boost financial inclusion and improve cross-border remittances. India’s Digital Rupee (e₹): India’s Reserve Bank of India (RBI) has launched pilot programs for both wholesale and retail versions of its digital rupee, focusing on efficiency and innovation in the payment system. United Kingdom, Canada, Japan, etc.: Many other nations are in various stages of research, consultation, and pilot programs, recognizing the potential benefits and challenges of CBDCs. This global landscape presents a complex picture. While some view CBDCs as an inevitable and necessary step for modernizing financial systems and maintaining competitive advantage, the Trump administration’s proposed block signals a strong pushback against this trend. It potentially positions the U.S. as a unique outlier, perhaps a defender of financial privacy and traditional monetary systems in a world seemingly rushing towards centralized digital cash. The question then becomes: Is the U.S. falling behind in the global race for digital currency innovation, or is it setting a new standard for protecting civil liberties in the digital age? The answer likely depends on one’s philosophical perspective on the role of government and technology. What Does This Mean for the Future of Central Bank Digital Currency in the U.S.? The proposed stance by the Trump administration creates significant uncertainty for the future of a central bank digital currency in the United States. While the Federal Reserve has been researching a potential digital dollar, publishing extensive papers and engaging in public discussions, its ultimate implementation would require strong political backing from both the executive and legislative branches. This announcement clearly undermines that backing. Key Questions and Challenges Arise: Political Feasibility: Even if a CBDC is deemed technologically feasible and economically beneficial by some, its political viability under a potentially hostile administration would be virtually nil. This could lead to a multi-year hiatus on any official U.S. CBDC development. Global Leadership: How will the U.S. maintain its global financial leadership and influence without a CBDC, especially as other nations advance their own digital currencies? Will this lead to a fragmentation of the global financial system, or will it force other nations to reconsider their own approaches? Rise of Private Alternatives: Could this void be filled by private stablecoins, which are pegged to the U.S. dollar but issued by private entities? The debate around stablecoin regulation would become even more critical, as they could effectively become the de facto “digital dollar” for many users. This could present new challenges related to systemic risk and consumer protection. Innovation and Competitiveness: Will a lack of a U.S. CBDC hinder innovation in payment systems, or will it spur greater private sector innovation in areas like instant payments, blockchain-based settlements, and decentralized finance? This policy move is not just about blocking a specific technology; it’s about defining the philosophical boundaries of government involvement in the financial lives of citizens. It sets up a fascinating ideological battleground that will likely dominate financial policy discussions for years to come, forcing a deeper societal conversation about privacy, control, and the very nature of money in a digital era. Conclusion: A Decisive Turn in the Digital Currency Debate The Trump administration’s explicit intent to block central bank digital currencies marks a pivotal and potentially transformative moment in the ongoing debate over the future of money. By prioritizing privacy, individual liberty, and limiting perceived government control, this proposed policy could reshape the landscape for traditional finance and provide an unexpected, yet significant, boost to decentralized cryptocurrencies. While much of the world appears to be moving towards exploring or even implementing CBDCs, the U.S. under a potential Trump presidency could forge a distinct and solitary path. This stance champions financial freedom and directly challenges the very notion of state-issued digital cash as an inevitable progression. The implications for global financial leadership, the evolution of payment systems, and the future trajectory of the broader crypto market are immense. This is a development that demands close attention from anyone invested in the evolving world of digital assets, as it promises to be one of the defining financial policy decisions of the coming years. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin and Ethereum price action. This post CBDC Shockwave: Trump Administration’s Decisive Move to Block Digital Currency first appeared on BitcoinWorld and is written by Editorial Team
A crypto analyst who accurately predicted the Bitcoin (BTC) price surge to $120,000 months ago has returned with a bold new forecast that could redefine investors’ expectations for the rest of the cycle. Using a detailed Elliott Wave structure and historical halving patterns, the expert outlines what could be Bitcoin’s final parabolic move, laying out a clear roadmap toward a new ATH target. Bitcoin Parabolic Phase Still Ahead Following Bitcoin’s explosive rise above $123,000 in a single day, crypto analyst XForceGlobal reaffirmed his earlier predictions and intensified his bullish outlook. He now asserts that Bitcoin is in the early stages of a much larger breakout, with the final and most parabolic phase of its rally yet to unfold. Related Reading: Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here The analyst Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here a detailed chart showing that Bitcoin is now trading over $40,000 above its Wave 2 bottom of the macro 5th. This indicates that the market could be transitioning into Wave 3 of a larger Elliott Wave impulse pattern. The chart also visually segments previous bull market runs into distinct macro phases, each unfolding after a halving cycle. Every phase began with a consolidation period, followed by exponential growth and eventual correction. Bitcoin’s price history is further marked by the halving events in 2012, 2016, 2020, and 2024—all of which have consistently preceded major bullish rallies. The latest halving, which occurred in April 2024, is now expected to lead to an intermediate-term rally that may extend BTC’s price beyond $270,000 before entering another corrective phase. While XForceGlobal maintains a bullish long-term outlook for Bitcoin, he urges investors to be cautious and aware that the final wave may generate market euphoria before a significant decline sets in. His projected roadmap shows a steady bullish climb toward $272,832, followed by a potential retracement to around $41,646, marking a steep 85% crash from the top. During his analysis, the market expert highlighted the difference between smart and dumb money during this bullish phase of the cycle. He claimed that smart investors have already mapped out their exit strategies, understanding that success comes from early planning rather than spontaneous decisions. He also added that with the market yet to reach a climax, there’s still time to prepare an exit before red flags emerge. Analyst Predicts $155,000 As Bitcoin’s Next Stop In a follow-up X post, XForceGlobal forecasted Bitcoin’s next short-term price target at $155,000. This prediction comes as BTC recently rallied past $123,000 before undergoing a pullback, now trading slightly above $116,800. According to the analyst, Bitcoin remains firmly in an extended Wave 3, which traditionally represents the most impulsive and powerful phase of the Elliott Wave sequence. Related Reading: Bitcoin Price Break Above $118,000 Just The Start, Analyst Unveils ‘Golden Number’ XForceGlobal’s chart reveals that Bitcoin recently broke out from a complex WXYXZ correction structure, which served as the launchpad for the present rally. His projection suggests that BTC is now forming a five-wave structure targeting the $140,000-$155,000 range, with macro-level corrections expected along the way. Featured image from Pixabay, chart from Tradingview.com
Market analyst Ali Martinez has indicated that XRP is exhibiting significant upward potential and may be positioned for a strong rally, provided it clears a key price barrier. According to his assessment, the cryptocurrency must achieve a confirmed weekly close above $3 to unlock further gains, with targets extending to $4.80 in the mid-term. Current Price Activity and Consolidation Zone As of mid-July 2025, XRP is trading at approximately $2.87, following a brief retracement from a recent attempt to test the $3 resistance . The broader cryptocurrency market has experienced a modest cooldown after substantial price movements earlier this month, which included Bitcoin reaching new record highs. Since January 2025, XRP has maintained a consistent trading range, fluctuating between $2 as support and $3 as resistance. While the asset has made multiple efforts to break above this upper boundary, those attempts have been unsuccessful so far. Simultaneously, the lower end of the range has remained firmly supported by buying interest. $XRP is screaming all-time highs. Are you seeing this? pic.twitter.com/fWKQUESNqQ — Ali (@ali_charts) July 14, 2025 Comparison to Previous Market Structure Martinez notes that XRP’s current price behavior is reminiscent of a similar pattern observed between August 2023 and November 2024, during which the token traded within a narrower band ranging from $0.40 to $0.74. Once that prior consolidation phase ended with a breakout above resistance, XRP advanced quickly to higher price levels, surpassing $1 and eventually reaching $2. Based on this historical setup, Martinez believes the market could be witnessing a comparable consolidation phase that precedes a larger breakout, potentially leading to fresh all-time highs. Resistance Levels and Momentum Indicators Should XRP manage to secure a weekly close above the $3 threshold, the next areas of resistance are projected to be $3.40, a level that rejected price action earlier in January 2025, followed by the previous all-time high of $3.80, set in 2018. If both levels are breached, Martinez sees $4.80 as a reasonable target in the near to mid-term. Technical indicators appear to support the bullish outlook. The Directional Movement Index (DMI) shows that the Average Directional Index (ADX) is currently at 25, suggesting that a trend is forming. The Positive Directional Indicator (+DI) is positioned at 23.6, while the Negative Directional Indicator (–DI) has decreased to 15.47. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The widening gap between these metrics implies strengthening bullish momentum and weakening seller presence. A sustained ADX reading above 25 would confirm a developing upward trend. Beyond short-term targets, Martinez has previously emphasized a significant breakout from a seven-year symmetrical triangle that occurred in November 2024. This move marked the end of a prolonged compression phase and initiated a new market cycle. Since then, XRP has largely consolidated its gains during the first half of 2025. Using Fibonacci extension analysis, Martinez has identified potential long-term price objectives at $8.96, $16.17, and $26.24, contingent upon continued bullish conditions and strong market participation. While XRP’s momentum remains favorable, Martinez underscores that a confirmed breakout above $3 is essential to trigger any major upward move. Until this level is decisively breached, the asset is likely to continue consolidating within its established trading band. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Chartist Says XRP is Screaming All-Time High. Are You Seeing This? appeared first on Times Tabloid .
The post Congress Fumbles GENIUS Act and CBDC Bills; What Went Wrong? appeared first on Coinpedia Fintech News The Congress has turned into a political showpiece on Tuesday, July 15, after 12 Republicans failed a procedural vote on several crypto-related legislation. What had begun as a positive crypto week for President Donald Trump has turned sour after the Congress signaled different interpretations of certain clauses, especially in the Genius Act , which have been meant to provide clear rules for stablecoins. Out of the total votes, 196 House members voted for the bill to continue while 223 members, the majority including the Democrats, voted against the debate of the legislation. As a result, the House has been on standstill and a huge blow to President Trump and the wider Republicans. Furthermore, the just-concluded vote has prevented the Congress from debating and eventually voting on the bill later this week. What Went Wrong in Congress With the Genius Act Bill? According to Eleanor Terrett, the Republicans who voted against the Genius Act argued that the bill could have been constructed to secretly allow the Federal Reserve to introduce a CBDC. NEW: Many of the House members who voted no today had concerns with the GENIUS Act possibly enabling a CBDC. However, there is language in GENIUS that would explicitly prohibit the Fed from creating a retail CBDC. The section below says the bill shall not be construed as… pic.twitter.com/sZVids8KHk — Eleanor Terrett (@EleanorTerrett) July 15, 2025 The political divide, especially within the Republican Party led by President Trump, is a huge blow at a time when the margins with the Democratic Party are thin. Furthermore, President Trump has been at loggerheads with Elon Musk, who recently created the America Party, after ideological contrast. The Trump administration has pushed the House to pass the GENIUS Act to help rival China and other global markets. Furthermore, the crypto market has a growing influence among young voters, who made a huge impact in the previous Presidential election. Since it is a developing story, keep a close eye on tomorrow’s update from the House and President Trump. Moreover, the outcome will likely impact the crypto volatility in the coming days.