After peaking above $123,000 on July 14, bitcoin fell to around $116,221 before stabilizing above $117,000 by July 15. Traders are advised to monitor the support zone between $117,000 and $116,300, as maintaining this level could lead to a rebound. Geopolitical Tensions Blamed for Pullback Hours after breaching the $123,000 mark on July 14, bitcoin
On July 15, Bitcoin experienced a notable correction, dropping to a low of $116,000 as per HT quotation data. The cryptocurrency is currently trading at approximately $116,047, reflecting a 24-hour
Will Bitcoin drop to $108K before resuming trend continuation?
What was once dismissed as a fringe fantasy by a niche band of crypto believers is now being tentatively examined by the government-sponsored entities at the core of the US housing market.
As is well known, US President Donald Trump has been calling on Fed Chair Jerome Powell to cut interest rates and resign for some time. Powell stated that interest rate cuts should wait a little longer, while Trump stated that the time has come for interest rate cuts and that delaying them would harm the US economy. As interest and resignation tensions continued between the two, Trump began to look for another candidate to replace Powell. At this point, US Treasury Secretary Scott Bessent said that the process of selecting Fed Chair Powell's successor has begun. Speaking to Bloomberg's Surveillance program, Scott Bessent said the official process has begun to identify Powell as a potential replacement for Federal Reserve Chair Jerome Powell. The Treasury Secretary stated that the process will proceed at President Trump's pace. “The official process has begun. There are many great candidates and we will see how quickly the process moves.” Bessent also noted that uncertainty surrounding Powell's tenure could have a negative impact on markets and warned that Powell's continued presence beyond his term could create confusion in the markets. “Traditionally, the Fed chair also steps down from his or her position on the board. If he or she acts as a shadow Fed chair, it could create confusion. It would be very misleading for the market,” Bessent said. Powell's term as chairman expires in 2026, but her board membership continues until January 2028. This means she can continue to influence decision-making even after her chairmanship ends. However, Powell has consistently avoided any questions about her continued board membership. *This is not investment advice. Continue Reading: Donald Trump Launches Official Process for Fed Chair! US Treasury Secretary Calls for "Extension" to Powell!
Spain’s BBVA opens retail access to Bitcoin and Ether through its mobile app, offering bank-grade custody and MiCA-backed compliance without the complexity of crypto exchanges.
Bitcoin investors have realized an unprecedented $3.5 billion in profits within 24 hours, marking the largest daily profit-taking event this year according to Glassnode’s on-chain data. This surge in realized
Bitcoin (BTC) and the broader cryptocurrency market experienced a substantial decline as bearish signals dominated trading. The crypto market cap has plunged by nearly 4% as BTC and other cryptocurrencies trade in the red. The decline is largely due to traders locking in their profits after the flagship cryptocurrency raced past $123,000 to an all-time high of $123,091 on Monday. BTC is down over 4% in the past 24 hours, and is trading around $116,954. Ethereum (ETH) has also lost momentum as selling pressure returns. The world’s second-largest cryptocurrency is down nearly 2%, trading around $2,977, having slipped below the crucial $3,000 mark. Ripple (XRP) is down 1.27%, trading around $2.87, while Solana (SOL) is down over 3%, struggling to stay above $160 amid growing selling pressure. Dogecoin (DOGE) is down nearly 7%, while Cardano (ADA) is down almost 4%, trading around $0.725. Stellar (XLM) , Chainlink (LINK) , Hedera (HBAR) , Toncoin (TON), Litecoin (LTC) , and Polkadot (DOT) also registered substantial declines over the past 24 hours. Kazakhstan’s Sovereign Wealth Fund To Invest In Crypto Kazakhstan’s sovereign wealth fund has identified crypto as a viable asset for inclusion in the country’s national reserve. The country’s central bank is reportedly studying allocation strategies used in Norway, the Middle East, and the US. According to local media outlets, Kazakhstan plans to invest part of its gold reserves, foreign exchange reserves, and assets held by its wealth fund in crypto. The reports cited Timur Suleimenov, head of the National Bank of Kazakhstan, who had said the bank is exploring aggressive strategies to generate investment income. Suleimenov also claimed that Kazakhstan plans to establish a national crypto asset reserve using digital assets seized by its law enforcement agencies. CZ Alleges Coinbase Was Anonymous Source Behind Bloomberg Report Binance co-founder and former CEO Changpeng Zhao has reposted a tweet that alleges Coinbase was the anonymous source behind a Bloomberg report targeting the Trump-backed World Liberty Financial crypto project and Binance. Crypto contributor Matt Wallace had claimed in a post on X that Coinbase executives fear a potential pardon for Zhao and Binance’s return to the US market. According to Wallace, Coinbase executives saw this as a threat to their market share, prompting efforts to undermine the competition. Wallace stated on X, “Binance is the world’s #1 crypto exchange. What is most shocking is that Coinbase would target President Trump in an attempt to hurt their competition. This is anti-American! Will Coinbase fess up and face the heat for their poor decision? It will all come out soon!” Coinbase’s chief legal officer, Paul Grewal, responded to Wallace and denied the rumors, stating, “Sorry — this is pure misinformation. We absolutely did not contribute to this story. We don't attack competitors, and we welcome any businesses that share our goal of growing the crypto pie.” The Bloomberg report alleged Binance developed the smart contract for the USD1 stablecoin, issued by World Liberty Financial. The report also revealed that Zhao applied for a presidential pardon after the USD1 stablecoin was used in a $2 billion deal with a UAE-based fund. Zhao called the article a “hit piece” filled with factual errors. Unauthorized Crypto Trading Could Land You In Prison Hungary has passed a law to imprison traders using unauthorized crypto exchanges to trade crypto. Traders using these “unauthorized crypto-asset exchange services” could face two years in prison, with penalties increasing based on the value of the trades. The law also targets unauthorized crypto service providers, who now face up to three years in prison. However, local reports claim the new laws have created confusion among crypto companies. Hungary’s Supervisory Authority for Regulatory Affairs (SZTFH) has 60 days to develop a compliance framework for the laws. US Stocks Register Marginal Gains US stocks registered a marginal increase as investors turned their attention to tariffs and the Federal Reserve. The Dow Jones rose 50 points (0.11%), while the S&P 500 registered a similar increase. The tech-heavy Nasdaq registered a more significant jump of 0.32%. Traders have been measured and lowered their risk appetite after President Trump announced a 30% tariff on Mexico and the European Union. The tariffs will come into effect on August 1. Markets are undecided whether the new tariffs are a long-term policy shift or a negotiating tactic to secure a more favorable deal for the US. Strategy Resumes Bitcoin (BTC) Buying With Latest Purchase Michael Saylor’s Strategy has resumed its Bitcoin (BTC) buying spree, announcing the purchase of 4,225 BTC for $472 million. The latest purchase takes the company’s total holdings to 601,550 BTC valued at $73,243,825,675 at current prices. The most recent acquisition also takes Strategy’s Bitcoin yield to 20.2% year-to-date. This is Strategy’s first purchase after a brief pause. The previous purchase came on June 30, when the company bought 4,980 BTC for $531 million. Saylor reaffirmed his conviction about BTC in a discussion on X, stating the flagship cryptocurrency would be “going up forever.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) has registered a sharp decline during the ongoing session as traders lock in their profits after the flagship cryptocurrency raced to record levels over the past few sessions. BTC’s rally took a breather on Saturday before resuming on Sunday, with the price rising almost 2% to $118,624. Bullish sentiment intensified on Monday as the price raced past $123,000, setting a new all-time high of $123,091 before declining. Buyers started losing momentum late on Monday as profit-taking led to a jump in selling pressure. As a result, the price fell below $120,000 to $119,714, ultimately registering an increase of 0.92%. The current session sees BTC down nearly 3%. Despite the decline during the ongoing session, analysts believe the uptrend will continue. The current drop has been attributed to profit-taking, as traders lock in their gains after BTC climbed to record levels over the past few sessions, peaking at $123,091 on Monday. Katie Stockton, founder and managing partner of Fairlead Strategies, believes that BTC could push to $135,000 before any substantial correction. Stockton added that stocks like Coinbase and Strategy, which track BTC markets, will also perform well. “There is positive action across the universe of cryptocurrencies.” Other analysts offered similar predictions after BTC broke above $120,000 on Monday, crossing $123,000 on Coinbase before retreating. 10x Research head Markus Thielen stated, “Based on the July 10 breakout signal, which has historically led to an average 20% rally over the following two months, we project Bitcoin could reach $133,000. We expect some near-term consolidation, followed by a push toward $133,000, with our $160,000 year-end target still firmly in sight.” Meanwhile, LVRG Research director Nick Ruck made a bolder prediction of $150,000 for BTC, stating, “Investors are still looking at $150,000 as the next major price level to reach during this cycle. We remain optimistic that Bitcoin can continue, pending no sudden black swan events.” BTC crossed $110,000 on Thursday (July 3), reaching an intraday high of $110,583 before retreating to $109,637. It lost momentum on Friday, dropping 1.41% to $108,097. The price recovered over the weekend, registering a marginal increase on Saturday before rising nearly 1% on Sunday to settle at $109,231. BTC started the previous week in the red, dropping 0.88% to $108,273. It recovered on Tuesday, rising 0.62% and settling at $108,942. Buyers retained control on Wednesday as the price rose over 2% to cross $111,000 and settle at $111,255. Source: TradingView Bullish sentiment intensified on Thursday as BTC registered an increase of 3.51% and settled at $115,159. Price action remained bullish on Friday as the flagship cryptocurrency rose 1.50% and settled at $116,885, but not before reaching an intraday high of $118,287. The rally took a breather on Saturday as the price registered a marginal decline. However, it resumed on Sunday, rising nearly 2% to cross $118,000 and settle at $118,624. BTC raced to a new all-time high on Monday, surging past $120,000 to reach $123,091. However, it lost momentum after reaching this level as traders began locking in their profits. As a result, the price settled at $119,714, ultimately rising 0.92%. The current session sees BTC down over 2%, trading around $116,912. Ethereum (ETH) Price Analysis Ethereum (ETH) declined sharply after crossing $3,000 on Monday, losing momentum after reaching a day high of $3,081. The world’s second-largest cryptocurrency is down over 1% during the ongoing session, trading around $2,984 as it struggles to reclaim $3,000. With the broader market also declining, analysts believe a short-term correction is imminent. However, it remains to be seen whether ETH can maintain its position above $2,900 or register a deeper correction. ETH’s price action suggests it is entering a consolidation phase. However, a bounce could occur if the price manages to stay above $2,900, and we could see an attempt to reclaim $3,000. On the other hand, a break below this level could drive the price towards $2,700-$2,800. ETH reached an intraday high of $2,636 on Thursday (July 3) before settling at $2,592. Despite the positive sentiment, it lost momentum on Friday, dropping over 3% to $2,509. ETH recovered over the weekend, registering a marginal increase on Saturday and then rising over 2% on Sunday to settle at $2,572. The price was back in the red on Monday, dropping 1.12% and settling at $2,543. The price recovered on Tuesday, rising nearly 3% to reclaim $2,600 and settle at $2,616. Source: TradingView Buyers retained control on Wednesday as ETH rose almost 8% to cross $2,700 and settle at $2,770. The price continued its upward trajectory on Thursday, rising 6.51% to cross $2,900 and settle at $2,950. Buyers lost momentum on Friday thanks to selling pressure around $3,000. As a result, ETH registered a marginal increase and moved to $2,956. The price registered a marginal decline on Saturday before rising nearly 1% on Sunday to settle at $2,970, but not before briefly crossing $3,000 to an intraday high of $3,020. ETH raced to an intraday high of $3,081 on Monday. However, it could not stay at this level and settled at $3,015, ultimately registering an increase of 1.50%. ETH has slipped below $3,000 during the ongoing session, with the price down 1.09% at $2,982. Solana (SOL) Price Analysis Solana (SOL) also registered a notable decline on Monday, losing momentum after reaching an intraday high of $168. SOL failed to cross $170 despite positive momentum, with the price down nearly 2% during the ongoing session, trading around $159. Solana (SOL) faced volatility and selling pressure on Thursday (July 3), ultimately registering a marginal decline. Selling pressure intensified on Friday as the price fell over 3%, slipping below $150 and settling at $147. SOL registered a marginal decrease on Saturday before rising nearly 3% on Sunday to reclaim $150 and settle at $151. Despite the positive sentiment, SOL was back in the red on Monday, dropping 1.97% to $148. The price recovered on Tuesday, rising nearly 2% to reclaim $150 and settle at $151. Buyers retained control on Wednesday as SOL rose 3.54%, crossing the 50-day SMA and settling at $157. Source: TradingView Bullish sentiment intensified on Thursday as the price soared past $160, reaching an intraday high of $165 before settling at $164. SOL lost momentum on Friday after encountering selling pressure and volatility. As a result, it fell nearly 1% to $162. Sellers retained control on Saturday as SOL fell 1.38% and settled at $160. The price recovered on Sunday, registering a marginal increase and moving to $161. SOL raced to an intraday high of $168 on Monday as buyers attempted to overwhelm sellers and push above $170. However, the price lost momentum and fell to $162, ultimately registering a 0.69% increase. The current session sees SOL down nearly 2%, trading around $159. Buyers will look to regain control and push the price past $160. Toncoin (TON) Price Analysis Toncoin (TON) finally broke above the 20-day SMA last week as it raced to $2.94. However, it lost momentum over the weekend as it struggled to cross $3. Despite recent gains, TON is down nearly 2% during the current session, trading around $2.97. TON registered a marginal decline on July 3, dropping 0.43% to $2.85. Selling pressure increased on Friday as the price fell 3.99% and settled at $2.74. The price recovered over the weekend, rising 0.22% on Saturday and reaching an intraday high of $2.06 on Sunday. TON lost momentum after reaching this level and ultimately settled at $2.83, registering a 3.25% increase. TON lost momentum on Monday, falling 3.53% and settling at $2.73. However, it recovered on Tuesday, rising 2.41% and settling at $2.80. Buyers retained control on Wednesday as TON rose 1.23% and settled at $2.83. Source: TradingView Bullish sentiment intensified on Thursday as TON rallied, rising nearly 4% to cross the 20-day SMA and settle at $2.94. The price faced volatility and selling pressure on Friday as sellers attempted to overwhelm buyers. Despite this, TON rose 0.61% and settled at $2.96. Buyers retained control on Saturday as the price rose 1.37% and settled at $3. TON lost momentum on Sunday, dropping 0.98% to end the weekend at $2.97. Bullish sentiment returned on Monday as TON rose nearly 2% to reclaim $3 and settle at $3.02. However, the price is back in the red during the current session, down 1.68%, trading around $2.97. Litecoin (LTC) Price Analysis Litecoin (LTC) raced to an intraday high of $92,26 on Thursday (July 3) before settling at $89.15, ultimately registering an increase of 2.09%. However, it lost momentum on Friday, dropping 2.55% and settling $86.88. Price action was mixed over the weekend as LTC rose 0.80% on Saturday before registering a marginal decline on Sunday to settle at $87.41. Selling pressure intensified on Monday as LTC fell 1.60% and settled at $86.01. The price recovered on Tuesday, rising nearly 2% and settling at $87.62. Buyers retained control on Wednesday as LTC rose 3.53% to cross $90 and the 50-day SMA, settling at $90.72. Source: TradingView Bullish sentiment intensified on Thursday as LTC rallied, rising nearly 5% and settling at $94.87. The price surged to an intraday high of $98.22 on Friday. However, it lost momentum after reaching this level and dropped to $94.23, ultimately falling 0.67%. Sellers retained control on Saturday as the price fell 1.46% and settled at $92.86, but not before dropping to an intraday low of $90.74. Despite the selling pressure, LTC recovered on Sunday, rising nearly 3% to end the weekend at $94.54. Buyers retained control on Monday as the price reached an intraday high of $98.03 before settling at $95.64. However, selling pressure has returned during the ongoing session, with LTC down nearly 3%, trading around $93.11. Bittensor (TAO) Price Analysis Bittensor’s (TAO) latest rally has taken the token’s price past $400, a level not seen since the beginning of June. TAO started the previous weekend in the red, dropping nearly 4% on Friday. Sellers retained control on Saturday as the price fell almost 1% to $322. It recovered on Sunday, rising 1.29% but was back in the red on Monday, dropping nearly 2% and settling at $320. TAO recovered on Tuesday despite selling pressure, registering a marginal increase and moving to $321. Bullish sentiment intensified on Wednesday as the price rose over 8% to cross the 20-day SMA and settle at $347. Source: TradingView Buyers retained control on Thursday as TAO rose 8.03%, crossing the 50 and 200-day SMAs and settling at $375. The price continued rising on Friday, registering an increase of almost 5% and settling at $394. Despite the positive sentiment, TAO lost momentum on Saturday, dropping 2.44% and settling at $384. However, it recovered on Sunday, rising nearly 2% to end the weekend at $390. TAO started the current week on a bullish note, rising almost 5% to cross $400 and settle at $408, but not before reaching an intraday high of $432. The current session sees TAO up 2.50%, trading around $419. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Bitcoin, Ethereum, XRP, and meme tokens PEPE and PEP continue to dominate crypto conversations as market dynamics and technological advancements shape investor sentiment. Despite a recent market cap decline, stablecoin
On July 15, Bitcoin experienced a notable correction, falling beneath the $117,000 threshold to trade around $116,800, as reported by HT market data. This movement reflects a 3.73% decrease over