Ethereum price started a fresh increase above the $2,520 zone. ETH is now back above $2,550 and might soon aim for more gains. Ethereum started a fresh increase above the $2,550 level. The price is trading above $2,565 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,520 zone in the near term. Ethereum Price Eyes More Gains Ethereum price started a fresh increase above the $2,520 zone, like Bitcoin . ETH price gained pace for a move above the $2,550 resistance zone and entered a positive zone. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. Besides, there was a break above a key bearish trend line with resistance at $2,520 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,565 and the 100-hourly Simple Moving Average . On the upside, the price could face resistance near the $2,600 level. It is close to the 76.4% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. The next key resistance is near the $2,620 level. The first major resistance is near the $2,650 level. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone or even $2,800 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,600 resistance, it could start a fresh decline. Initial support on the downside is near the $2,550 level. The first major support sits near the $2,520 zone. A clear move below the $2,520 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,520 Major Resistance Level – $2,600
Babylon, a prominent Bitcoin staking protocol, unveiled its strategic roadmap for 2025 on July 7, outlining a phased rollout of its innovative multi-staking infrastructure. The protocol aims to debut its
On July 7, reporter Eleanor Terrett confirmed that the House Appropriations Committee’s Oversight Subcommittee hearing on establishing the United States as a global cryptocurrency hub has been postponed due to
Elon Musk's 'America Party', a pro-tech centrist party the Tesla and SpaceX founder plans to form after his split from President Donald Trump, would embrace bitcoin (BTC) Musk said on X. Musk has been a long supporter of cryptocurrencies, with SpaceX and Tesla both holding BTC in their corporate treasuries. The America Party formed out of a rift between Musk and President Trump over the 'Big Beautiful Bill' which Musk has criticized as being fiscally irresponsible, calling it the "debt slavery bill" . Musk envisions the party, which has not yet been officially registered , as one which takes a pro-tech, pro-free speech and anti-regulation agenda, with centrist policies everywhere else. The America Party doesn't yet have an official website, so all that's known about its political ideology comes from Musk's posts and re-tweets from supporters. Musk has said on X that the party, when formed, won't immediately run a Presidential candidate but rather focus on House and Senate races. Trump, for his part, said in a Truth Social post Sunday evening U.S. time that Musk had gone "off the rails" and has become a "TRAIN WRECK."
Bitcoin price started a fresh increase above the $108,500 zone. BTC is now consolidating and might aim for more gains above the $110,000 resistance. Bitcoin started a fresh increase above the $108,500 zone. The price is trading above $108,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $109,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $108,350 zone. Bitcoin Price Eyes More Gains Bitcoin price started a fresh increase after it settled above the $107,500 resistance. BTC cleared many hurdles near $108,000 to start a decent increase. The bulls pushed the price in a positive zone above the $108,500 level. The price gained pace for a move above the 50% Fib retracement level of the downward move from the $110,515 swing high to the $107,299 low. Besides, there was a break above a key bearish trend line with resistance at $109,350 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $108,500 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $109,750 level. It is close to the 76.4% Fib retracement level of the downward move from the $110,515 swing high to the $107,299 low. The first key resistance is near the $110,000 level. A close above the $110,000 resistance might send the price further higher. In the stated case, the price could rise and test the $112,000 resistance level. Any more gains might send the price toward the $113,200 level. The main target could be $115,000. Downside Correction In BTC? If Bitcoin fails to rise above the $110,000 resistance zone, it could start another decline. Immediate support is near the $108,800 level. The first major support is near the $108,350 level. The next support is now near the $107,250 zone. Any more losses might send the price toward the $106,400 support in the near term. The main support sits at $105,000, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $108,800, followed by $108,350. Major Resistance Levels – $110,000 and $110,500.
The scheduled hearing on the crypto tax framework by the U.S. House of Representatives has been postponed following the recent congressional adjournment. This delay introduces uncertainty regarding the timeline for
Hyper, recognized as the leading entity with the highest win rate in the crypto trading arena, has strategically expanded its BTC long positions. The firm has augmented its holdings by
Strategy and Metaplanet have intensified their Bitcoin accumulation efforts, highlighted by a viral gaming-themed showdown between their CEOs, Michael Saylor and Simon Gerovich. Both firms disclosed substantial Bitcoin purchases exceeding
Elon Musk has declared that the America Party, his new political vehicle, will fully support Bitcoin, saying on X that: “Fiat is hopeless.” This follows the official launch of the America Party two days ago, which came after yet another public escalation of his fight with former best friend President Donald Trump. Saturday night on Truth Social, Trump called Elon a train wreck and said it makes him sad that he is embarrassing himself publicly. Elon had accused Trump of abandoning the center and posted a poll asking his followers if he should form a new party to represent “the 80 percent in the middle.” When the poll closed, about 80% voted yes. So he went ahead and launched it unofficially… at least for now. Elon targets Republican defectors after bill passes Before the announcement, other players tried to pull Elon into their projects. Andrew Yang, speaking to Politico Magazine, said he had wanted to form a political party with Elon or get his support for the Forward Party. Elon had endorsed Yang’s presidential run back in 2020, but no deal was made. Steven Nekhaila, chair of the Libertarian National Committee, also reached out last week, but Elon still didn’t engage. Instead, Elon stayed focused on the One Big Beautiful Bill Act, the same bill that triggered his split from Trump. As the bill neared a vote in the Senate, Elon promised that if it passed, he would not only move forward with forming the America Party, but also back primary challenges against Republican lawmakers who voted in favor of it. When the bill passed the House of Representatives on July 3, he followed through. He dropped another poll on X, then revealed a loose electoral strategy, blasting both major parties as a single “uniparty” failing to offer real policy differences. Despite Elon’s massive personal fortune, pushing the America Party into the national conversation won’t be easy. The Washington Post pointed out that Elon failed to influence the 2025 Wisconsin Supreme Court election, and his work at the Department of Government Efficiency has damaged his reputation in some circles. Getting ballot access in all states will be a massive legal grind. Public support for him has also dipped, adding more uncertainty to the project. Adding to the complications, Elon was born in South Africa, which makes him constitutionally ineligible to run for the US presidency. He hasn’t said who will lead the America Party or what its internal structure will look like. As of now, it’s just Elon, Bitcoin, and an audience of people tired of choosing between two parties he no longer wants anything to do with. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
The U.S. House of Representatives’ Ways and Means Oversight Subcommittee is set to convene a hearing focused on positioning the United States as the global leader in cryptocurrency innovation. This