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The crypto market is witnessing early signs of a brewing altcoin season. Ether (ETH) has been outperforming bitcoin (BTC), a sign that investors are beginning to rotate capital from the latter to the former. According to a weekly CryptoQuant report , a continuation of the current market trend could lead to a full-blown altseason, where bitcoin stalls and altcoins take off, raking in massive gains for investors. Investors Rotate capital to Altcoins For most of this bull cycle, ETH has underperformed against BTC. However, the situation has reversed. The relative price of ETH to BTC has surged from 0.018 to 0.031, reaching its highest level since January 24. The shift in ETH performance started after the ETH/BTC Market Value to Realized Value (MVRV) ratio fell into the extremely undervalued territory in April. This ratio has acted as resistance since early 2023. ETH has now recovered and outperformed BTC by 72%. CryptoQuant analysts suggest that the ratio could rise further if it surpasses its 365-day moving average, with ETH potentially outperforming BTC even more. With ETH receiving more capital now, the assetâs spot trading volume is exceeding that of bitcoinâs. For the first time in more than a year, the weekly spot trading volume for ETH surpassed that of bitcoin. ETH recorded $25.7 billion last week, while BTC saw $24.4 billion within the same period. Analysts revealed that this is the first time since June 2024 that etherâs weekly spot trading volume has exceeded bitcoinâs. This means the ETH/BTC trading ratio is above 1. Overall altcoin trading volume has increased to the highest level since March. This metric totaled $67 billion on July 17, a figure the market has not seen since March 2. The growth indicates a renewed interest in altcoins among investors. ETH Sees Less Selling Pressure Than BTC Furthermore, crypto investors are injecting more capital into U.S. spot Ethereum exchange-traded funds (ETFs) compared to their Bitcoin counterparts. Ethereum ETF allocations are growing faster than Bitcoinâs, as seen in the ETH/BTC ETF Holding Ratio climbing from 0.05 to 0.12. Meanwhile, the ETH/BTC exchange inflow ratio, which measures selling pressure for the two assets, declined in May to its lowest level since 2020. The drop signaled that ETH was facing much lower selling pressure than BTC. Although the ratio has increased since then, it is still far from extremely high levels, which is a bullish signal â ETH could continue to outperform BTC. The post Bitcoin Takes a Backseat as Investors Rotate Capital to ETH and Altcoins: CryptoQuant appeared first on CryptoPotato .
Bitcoin ( BTC ) could still reach the $130,000 mark, with the Market Value to Realized Value (MVRV) Extreme Deviation Pricing Bands highlighting a crucial range to watch for this milestone. According to on-chain analytics platform Glassnode , the metric suggests that as long as Bitcoin holds above the $110,000 support level, there is room for a renewed push toward an all-time high. Currently trading around $118,000, Bitcoin remains in a zone of growing optimism, but it has not yet reached the euphoric levels typically seen near market tops. Bitcoin MVRV pricing bands. Source: Glassnode The MVRV model, which compares Bitcoinâs current price to the average price at which coins were last moved, helps gauge whether the asset is overvalued or undervalued. Since early 2023, Bitcoin has steadily climbed, typically gaining momentum after clearing major technical levels. The asset is now approaching a historical zone that has often preceded previous peaks. To break above $130,000, Bitcoin must maintain its position above $110,000, now considered a key support level. Holding this level could pave the way for further upside, while a drop below it may delay a breakout. Bitcoin yet to hit euphoric levels At the same time, on-chain analyst Ali Martinez noted on July 26 that Bitcoinâs current rally still has room to run. He pointed out that while the asset has climbed to around $120,000, capital inflows into the broader crypto market remain relatively modest, suggesting investor sentiment hasnât yet overheated. Cryptocurrency market aggregate market realized value chart. Source: Glassnode Martinez, citing Glassnode data, highlighted that aggregate inflows stand at roughly $82 billion, well below the $135 billion seen in December 2024, when Bitcoin was trading near $96,000. This divergence implies that, despite rising prices, âthereâs still room to grow before we reach peak euphoriaâ. Bitcoin price analysis As of press time, Bitcoin was consolidating at $118,318, up 0.8% on the day but down 0.13% over the past week. Bitcoin seven-day price chart. Source: Finbold Meanwhile, technical indicators support the possibility of continued strength. For instance, Bitcoin is trading well above its 50-day simple moving average ( SMA ) of $110,580 and 200-day SMA of $90,392, both signs of a sustained uptrend. On the other hand, the 14-day Relative Strength Index ( RSI ) stands at 60.43, indicating bullish momentum without signaling overbought conditions. Featured image via Shutterstock. The post Hereâs the key level Bitcoin must hold to claim $130,000 as âpeak euphoriaâ looms appeared first on Finbold .
The crypto industryâs effort for a more supportive regulatory environment in the US has paid off throughout the year, as evidenced by a recent report from The Hill highlighting the rapid expansion of crypto lobbying efforts. According to a recent report by The Hill, at least 27 crypto companies and advocates have submitted their first lobbying disclosures over the past months, reflecting a growing desire to influence legislation that could shape the future of digital assets. KuCoin Tops Lobbying Expenditures At $1 Million Per the report, these called ânewcomersâ represent a diverse array of interests within the industry, from betting platforms like Polymarket to gaming companies creating non-fungible tokens (NFTs) related to high-profile events. Together, these entities have invested nearly $2.8 million between April and June to lobby for legislation promoting digital assets, targeting key regulatory bodies such as the Treasury Department and the Securities and Exchange Commission (SEC). This legislative effort has already yielded results. The recently signed GENIUS Act, which received bipartisan support, is regarded as a significant endorsement for the industry, with the aim of providing a new regulatory framework for stablecoins. The House has also advanced several other key bills, including the CLARITY Act and the Anti-CBDC bill, during a dedicated âcrypto week,â featuring creative lobbying tactics. A total of 73 companies and associations reportedly engaged in federal lobbying activities related to cryptocurrency, spending about $11.4 million. Among the new entrants, KuCoin, a Seychelles-based cryptocurrency exchange, led lobbying expenditures with $1 million, despite being barred from operating in the US market for at least two years due to regulatory violations. Pendulum Effect In Crypto Regulation? Miller Whitehouse-Levine, CEO of the Solana Policy Institute, emphasized that the industry has struggled not with innovation, but with understanding how emerging technologies fit within existing legal frameworks. While some companies like Bitdeer Technologies, which focuses on Bitcoin (BTC) mining, continue to address currency-related issues, many firms are leveraging blockchain technology for a broader range of financial products. Polymarket, operating under the name Blockratize, allows users to place bets on various events using cryptocurrencies, while Gala Games sponsored the White Houseâs Easter Egg Roll, promoting their online gaming platform that rewards players with crypto tokens. Looking forward, the crypto industry is keen to see the Senate advance the CLARITY Act, which aims to provide a regulatory blueprint for federal oversight of crypto firms. Additionally, a bill banning the Federal Reserve (Fed) from issuing its own digital asset or central bank digital currency (CBDC) has garnered interest from within the sector. However, Whitehouse-Levine expressed concerns about the potential for regulatory shifts, fearing a return to the cautious stance that characterized previous administrations. âThe pendulum has swung from one extreme to another,â he noted, highlighting the need for consistent and stable regulatory conditions to foster growth and innovation in the industry. Featured image from DALL-E, chart from TradingView.com
Personal finance author Robert Kiyosaki is cautioning against having Bitcoin ( BTC ) exposure through exchange-traded funds (ETFs) rather than holding real coins. In a new post on the social media platform X, the Rich Dad Poor Dad author refers to Bitcoin ETF shares as âpaper,â emphasizing that itâs still better to own the real asset directly rather than depend on institutions for exposure. âBEWARE of PAPER. I realize ETFs make investing easier for the average investorâŚ.so I do recommend ETFs for the average investor. Yet I extend these words of caution. For the average investor, I recommend: Gold ETFs Silver ETFs Bitcoin ETFs Yet an ETF is like having a picture of a gun for personal defense. Sometimes itâs best to have real gold, silver, Bitcoin, and a gun. Know the differences when it is best to have real and when itâs best to have paper. If you know the differences and how to use themâŚ. youâre better than average. Take care.â Kiyosakiâs warning comes amid an explosion in the market cap of all Bitcoin ETFs. The latest numbers from the crypto data aggregator Coinglass show that Bitcoin ETFs collectively hold a market cap of $152.73 billion. At the top of the list is BlackRockâs iShares Bitcoin Trust (IBIT) with a market cap of $86.11 billion, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) and Grayscale Bitcoin Trust ETF (GBTC) with market caps of $23.14 billion and $21.33 billion, respectively. Follow us on X , Facebook and Telegram Don't Miss a Beat â Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Rich Dad Poor Dad Author Issues âPaper Bitcoinâ Warning As BTC ETFs Shatter $152,000,000,000 appeared first on The Daily Hodl .
đ Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Bitcoin dominance is
đ Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Satoshi-era whales selling
Tom Lee, managing partner and head of research at Fundstrat Global Advisors, shared his views on the differences between the new generation of individual investors and institutional investors on Amit Kukreja's podcast. The experienced strategist clearly stated that the real reason behind his preference for Ethereum was the growth in the stablecoin sector. Tom Lee, a long-time chief strategist at JPMorgan Chase, is known among US investors for his accurate predictions of market trends and frequent appearances on major media platforms like CNBC. However, he has also been the target of criticism for his consistently optimistic approach to the market. In the podcast, Lee also touched on the characteristics of the era in which today's individual investors find themselves, attributing the change in this period to two main factors: the visibility provided to startups by independent media channels that came with the rise of social media, especially Twitter, and the resurgence of investor optimism about stocks that occurs every 20 years in the US. Related News: Critical Levels in Bitcoin Have Been Set - What Levels Must Be Exceeded for an Explosive Uptrend? What Level Is Important to Prevent a Decline? Lee, known for his strong support for cryptocurrencies, was recently appointed chairman of Bitmine and played an active role in the company's $250 million Ethereum treasury strategy. This move resonated heavily in the crypto market. While he praised Ethereum for its technical aspects, Lee explained the main reason: âI love Ethereum because it's a programmable smart contract blockchain. But honestly, the real reason I chose Ethereum is the explosion of stablecoins. Circle, for example, had one of the best IPOs of the last five years. It's driven some funds to perform incredibly well, with a price-to-earnings ratio of 100x EBITDA. And this is a stablecoin company. Stablecoins are like the ChatGPT of the crypto world. They've entered the mainstream. This is evidence of Wall Street's efforts to 'stake' tokens. The crypto community, conversely, is tokenizing stocks, like the tokenization of the US dollar.â *This is not investment advice. Continue Reading: Market Prophet Tom Lee Explains Why He Chose Ethereum Over Bitcoin
A solo Bitcoin miner has successfully mined a block on Saturday, earning the coveted 3.125 BTC block reward worth $372,773. The miner was operating through the Solo CK pool, a solo mining service. According to details, he successfully mined block 907,283, which contained 4,038 transactions, paying block fees of about $3,436. Over the last few years, it has been hard for solo Bitcoin miners to compete with large-scale, corporate mining firms. This is largely due to the increase in network hashrate and difficulty, making the scene very competitive. However, despite this competition, some solo miners have been recorded some degree of success this year, mining solo blocks at intervals since the beginning of the year. Solo Bitcoin miners record success The victories recorded by solo miners are a reminder that even though improbable and nearly impossible, they can still be successful in the industry. There have been several cases this year where some of them have come out on top when it comes to mining, taking the full reward. For instance, the first successfully mined solo block this year happened in February, with the miner solving block number 883,181 and winning 3.125 BTC worth $300,000. According to Bitcoin block explorer Mempool.space, the block contained 3,071 transactions and a total reward of 3.15 BTC. In a post announcing the development, Bitcoin miner Marshall Long speculated that the miner might have used a Bitaxe, a mining device that can be used for solo mining or mining pools where miners combine computational power to increase their chances of solving a block. In March, another solo Bitcoin miner solved block number 887,212, winning about 3.15 BTC, which was worth around $263,000 at the time. What made this incident spectacular is that the miner used a 480 GH/s Bitaxe device to solve the block. This month, there have been two solo miners who have gone all the way. The first, which happened on July 4, saw the miner earn 3.173 BTC worth $330,000 after mining block number 899,826. The second, which happened on July 12, saw the miner win 3.154 BTC after solving number 904,989. Rise in network difficulty poses challenges to professional mining firms Over the last few months, there has been a rise in network difficulty and hashrate, coupled with a drop in block subsidy. These developments have posed challenges to established mining firms. Most of them have now diversified their large mining operations into AI data centers and high-performance computing to make up for the losses racked up in the mining business amid a rise in competition. Bitcoin network difficulty is currently about 126 trillion, which is close to its all-time high levels. Its network difficulty has also been trending up over the last few days, forcing miners to use greater computing and power resources to mine blocks. Presently, miners earn a 3.125 BTC reward worth around $373,000 from a single block at current prices. The competition in the industry puts them on edge, pushing them to find the cheapest energy resources. In June, several Bitcoin miners located in Texas were forced to reduce their energy consumption to avoid paying peak demand charges to the grid operator. This caused a drop in block production in the short term. Last month, MARA was one of the firms affected by the weather conditions, reporting lower power output numbers due to its slowed mining operations. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Ledn, a leading bitcoin lender, has launched its Private Wealth program aimed at high-net-worth individuals, institutional investors, and corporations looking to leverage long-term bitcoin holdings for strategic capital. This initiative responds to a growing trend among crypto investors to borrow against bitcoin, allowing them to invest in yield-bearing opportunities while maintaining exposure to potential price