Bitcoin reached an all-time high, reaching as high as $123,000. Following this historic surge, investors and analysts have begun to re-discuss the next big goal for the world's largest digital asset: reaching the market capitalization of gold. Currently, the price of Bitcoin is hovering around $117,252 and its total market capitalization is around $2.34 trillion. In comparison, gold's estimated total market capitalization is $23.13 trillion. This means Bitcoin currently represents only 10.09% of gold's market capitalization. Analysts estimate that for Bitcoin to “flip”—or surpass—gold's market capitalization, its price would need to rise to $1,161,767, representing an increase of approximately 890% from today's level. Related News: US President Donald Trump Makes Hot Remarks on Cryptocurrencies - Shares a Long Statement Bitcoin's long-term performance is increasing the number of investors who believe this goal is beyond imagination. While Bitcoin has gained over 1,168 percent in the last five years, gold's return has been only around 85 percent. Over the three-year period, Bitcoin has risen 470 percent, while gold's return has remained at 92 percent. This comparison paints a similar picture over the two-year, one-year, and three-month periods. For example, since the beginning of 2025, BTC has increased by approximately 25%, while gold has gained around 26%. However, in just the last three months, Bitcoin has gained over 38%, while gold has only gained around 3%. In the last month, Bitcoin has risen by more than 11%, while gold has lost 4%. There are also significant differences between the two assets on the supply side. Bitcoin's annual supply growth is around 0.83%, while gold's is estimated at around 1.72%. Furthermore, Bitcoin's halving mechanism, which occurs every four years, further reduces new supply, making the digital asset even more scarce. *This is not investment advice. Continue Reading: How Much Higher Does Bitcoin Need To Go To Surpass Gold’s Market Cap? Here Is That Critical Price Point
Bitcoin faces a pivotal moment as rising US inflation dampens expectations for an imminent interest rate cut, keeping BTC below the critical $120,000 resistance zone. June’s Consumer Price Index (CPI)
Rising US inflation tempers investors’ interest rate cut hopes, leaving Bitcoin at a critical juncture below $120,000.
Cryptocurrency bills expected to be voted on in the US House of Representatives this week have been postponed due to a procedural vote failure. In today's vote, a proposal that would have paved the way for discussion of three important cryptocurrency bills was rejected by 223 “no” votes to 196. According to parliamentary sources, a retry is scheduled for midnight the same day. During what has been dubbed “Crypto Week,” two major bills were on the House agenda: the National Innovation Guidelines and Establishment for U.S. Stablecoins Act (GENIUS) and the Digital Asset Market Openness Act (Clarity). The GENIUS bill has already passed the Senate and is expected to reach President Trump's desk by the end of the week. The GENIUS law stipulates that stablecoin issuances must be fully collateralized only by US dollars or similar liquid assets, requires annual audits for issuers with a market capitalization over $50 billion, and establishes rules for overseas stablecoin issuance. Related News: Bitcoin and Cryptocurrency Hater JPMorgan CEO Jamie Dimon Backtracked Again: “I Still Don't Fully Understand It, But...” The Clarity Act, meanwhile, aims to clarify the regulatory framework for crypto assets by offering a more comprehensive approach. It clarifies the roles and jurisdictions of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), as well as requiring digital asset service providers to notify individual investors and segregate client funds from company assets. A vote was also expected in the House this week on a bill spearheaded by House Republican Deputy Chairman Tom Emmer, which aims to block the direct issuance of Central Bank Digital Currency (CBDC) to individuals. However, the procedural vote failed after 12 Republicans, including Marjorie Taylor Greene, Chip Roy, Michael Cloud, and Anna Paulina Luna, voted “no.” House Speaker Mike Johnson stated that some opposition lawmakers had demanded that all crypto bills be merged into a single text. *This is not investment advice. Continue Reading: JUST IN: Three Major Cryptocurrency Bills Expected to Be Legislated in the USA Stalled: Voting Negative – Here are the Details
TL;DR Bitcoin accumulator wallets hit a 2025 peak, adding 248K BTC worth $30B in recent weeks. Whale short exposure shows market split, even as long-term holders continue to stack Bitcoin. BTC inflows hit $3.7B last week, pushing assets under management to a record $211 billion. Long-Term Holders Step Up Accumulation Bitcoin wallets known for never selling have added about 248,000 BTC this month, according to data from CryptoQuant. These addresses are called “accumulators” because they only receive Bitcoin and have no record of moving units out. The monthly average sits closer to 164,000 BTC, which means most of the recent buying happened in just a few weeks. At current prices, this stash is worth around $30 billion. It shows that some players are adding to their holdings even as Bitcoin trades near all-time highs. Source: CryptoQuant Caution Remains If Prices Pull Back If Bitcoin enters a correction or moves sideways for a while, some of these wallets may start selling. That would pull out their accumulator status and might result in a new supply in the market. Meanwhile, most of them are clinging. This pattern signals a strong interest in holding BTC long term, even as price swings remain sharp. It’s not a guarantee of future price moves, but it adds context to recent demand. At the same time, big trades over $1 million are showing short exposure. Joao Wedson from Alphractal says whales are currently leaning bearish based on tools that track volume and open interest. If BTC whales are on the right path, I’m not sure… But they’re clearly in Shorts! The Whale Sentiment Position tracks cumulative positions over $1M across multiple exchanges, combining CVD (Cumulative Volume Delta) and Open Interest data. It’s a powerful tool to… pic.twitter.com/97ze6rCMeB — Joao Wedson (@joao_wedson) July 14, 2025 These tools help follow what large wallets are doing across exchanges. The mixed signals between whales and accumulator wallets show that not everyone agrees on what comes next. Key Levels After Recent Price Drop Bitcoin was trading around $116,500 at the time of writing. That’s a drop of 4.5% in 24 hours, but still up 8% over the last week. Analyst Ali Martinez said the price recently hit a target near $121,000, with the next levels at $131,000, $144,000, and $158,000. Some are pointing to a possible top around $200,000 later this year if the current chart pattern plays out. Nothing is certain, but the momentum remains strong for now. Funds tied to crypto brought in $3.7 billion last week alone. That’s the second-biggest weekly inflow ever. Year-to-date inflows are now $22.7 billion. The post Bitcoin Whales Scoop 248K BTC This Month as Bulls Eye $200K appeared first on CryptoPotato .
Key Takeaways: Ryan Cohen said GameStop is prioritizing cautious capital allocation over aggressive crypto exposure. The company’s convertible note offerings remain a popular funding route even amid equity market volatility. Digital assets continue to enter treasury management discussions, but adoption strategies are uneven. GameStop CEO Ryan Cohen said on Tuesday that the company’s recent Bitcoin purchase was meant as a hedge against macroeconomic uncertainty. According to his comments made during a July 15 appearance on CNBC, the company is not making an attempt to follow other corporate treasury approaches like Strategy (previously known as MicroStrategy). Bitcoin as a Hedge Against Inflation “I look at it as a hedge against inflation and global money printing, and we’ll see what happens,” Cohen said. GameStop acquired 4,710 bitcoins in late May, valued at over $500 million. The purchase followed a series of corporate moves by firms like Strategy, which accumulated billions of dollars in Bitcoin in recent years. Cohen clarified that GameStop’s move was unrelated. GameStop has purchased 4,710 Bitcoin. pic.twitter.com/gGdr0BRrAv — GameStop (@gamestop) May 28, 2025 “We have our own unique strategy, and we have a very strong balance sheet, over $9 billion of cash and marketable securities,” he said. Cohen said the company would maintain a disciplined approach in deploying capital. “We will deploy that capital responsibly as I would my own capital, and only look for opportunities where the downside is limited and there’s a lot of upside,” he said. “We’ll be opportunistic when we see those opportunities.” GameStop’s crypto position is part of Cohen’s effort to stabilize operations. The company has shifted its business mix, focusing more on trading cards and collectibles. New Outlook for GameStop The CEO added that GameStop has moved away from its earlier dependence on hardware and software. He said the retailer has now made a “significant” shift toward those newer segments. “We will deploy that capital responsibly as I would my own capital, and only look for opportunities where the downside is limited and there’s a lot of upside,” Cohen said. “We’ll be opportunistic when we see those opportunities.” The company recently raised $2.25 billion through an upsized convertible note offering. The zero-coupon notes carry a conversion price of approximately $28.91 per share, reflecting a 32.5% premium over the stock’s average trading price at the time of announcement. The offering follows a similar $1.5 billion raise in April and comes amid ongoing volatility in the company’s stock, which fell 24% in the past week. Some public companies are exploring Bitcoin as a reserve asset, but with different levels of exposure. Strategy has taken an aggressive approach, while others, including Tesla and Block, have kept their holdings limited. Frequently Asked Questions (FAQs) Are there accounting standards specific to corporate Bitcoin holdings? Yes. Under current U.S. GAAP, Bitcoin is treated as an intangible asset, meaning it must be written down for impairments but cannot be marked up if its value increases. This has raised concerns about transparency and financial reporting accuracy. How do zero-coupon convertible notes affect existing shareholders? Convertible notes issued at a premium typically delay dilution but still create the possibility of future share issuance. If converted, the new shares can dilute existing ownership depending on the stock price performance at maturity. What regulatory developments could impact corporate BTC adoption? The SEC and FASB have both initiated reviews related to digital asset disclosure, particularly after the rise of spot Bitcoin ETFs. Future rules may clarify how corporations report holdings or manage risk, potentially influencing more widespread adoption. The post GameStop CEO Says Bitcoin Bet Is a Hedge, Not a Strategy Copy appeared first on Cryptonews .
British multinational bank Standard Chartered is claiming bragging rights of being the first global banking institution to introduce spot trading for Bitcoin (BTC) and Ethereum (ETH) for institutional clients through its UK branch. Standard Chartered Now Offers Direct Crypto Spot Trading To Institutions Standard Chartered has launched a new trading service allowing institutional clients like
CryptoQuant data on July 15 showed that Bitcoin exchange inflows rose from 54.151K BTC to 63.1K BTC in 24 hours, an increase of about 3%. The spike came as Bitcoin prices peaked at $123.218K on July 14, marking the coin’s most recent ATH. The data revealed that BTC exchange reserves jumped +0.91% to 2.265M, following the uptick in BTC exchange inflows in the past 24 hours. Bitcoin exchange netflow was positive, increasing 3.73% to 21.81K BTC. There was also a 2.24 Bitcoin exchange inflow mean, representing a 3.64% rise. The top 10 exchange inflow metric also showed an increase of 3.17% to 3.656K BTC. Bitcoin exchange depositing transactions inched up 1.03% to 43.552K as BTC depositing addresses also went up 1.13% to 2.29K. Bitcoin exchange inflows were at 83.99K as of publication, an increase of 2.37% from yesterday. CryptoQuant analysis suggests bullish whale activity Source: CryptoQuant Bitcoin exchange inflows go up on July 15. A CryptoQuant analyst claimed that a surge in exchange inflows indicated a “local top” likely to result in a “healthy price correction” or near-term consolidation. The analyst also believes that the spike in BTC exchange inflows (especially to CEXs) suggested short-term profit-taking whale activity. Another CryptoQuant contributor pointed out a wallet dormant for over 14 years with 80K BTC that had just offloaded about 20K BTC, much of which ended up in CEXs. The analyst added that the recent positive movement in BTC exchange inflows was a classic pattern following parabolic rallies. Profits were realized, weak positions exited, and BTC prices found a new base. The market structure generally remained “largely bullish” despite looming signs of price correction. Long-term holders also sat tight on their BTC bounty. Another CryptoQuant contributor partly agreed that the surge in BTC deposits to exchanges was likely due to activity by large-scale investors. Whales reportedly deposited 1.8K BTC to Binance in one day, with over 35% of the transactions clocking over $1 million, noted the contributor. The analyst claimed that whales leveraged the deep liquidity in exchanges to speculate, possibly for profit-taking. The contributor also concluded that the surge was likely due to two scenarios. First, investors likely sat on “healthy profits” and sought to make some profit. Secondly, investors possibly aimed to leverage Binance’s liquidity to open positions or hedge amid heightened market volatility. Julio Moreno, the Head of Research at CryptoQuant, believes that rising BTC exchange inflows precede price volatility. An independent crypto analyst claimed that the wave of BTC hitting exchanges usually suggested that wallets were preparing to sell. The analyst pointed out a similar spike in March 2024, followed by a drop of 8-12% within 48 hours. Large holders likely sent BTC to “spot venues” to rotate or liquidate. Daily BTC exchange inflow drops CryptoQuant’s Moreno said on July 11 that daily BTC exchange inflows fell to their lowest since April 2015, plummeting to 18K BTC . He also revealed that large Bitcoin holders were sending fewer coins to exchanges, with the amount coming from this group falling to only 7K BTC, down from 62K BTC in November last year. Moreno emphasized that the increase in BTC price resulted in low selling pressure. He pointed out that whale activity had dropped, but mentioned that the trend was common across the crypto industry. Moreno also observed that the current BTC rally was much calmer than the early 2021 and late 2017 bull runs. CryptoQuant research suggested that fewer daily BTC flows from large and small holders to exchanges signaled less selling pressure. It also implied that the market had yet to enter “overheating mode.” Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
JPMorgan Chase CEO Jamie Dimon says he doesn't quite understand the appeal of stablecoins, but he also says he can't afford to sit on the sidelines. This message from Dimon attracted attention while answering questions about stablecoin technology at the balance sheet meeting held today. Stablecoins, as their name suggests, are cryptocurrencies typically pegged to fiat currencies like the US dollar, aiming for stability in value. Last month, JPMorgan announced the development of a limited stablecoin solution designed exclusively for its own clients. However, a more general stablecoin is expected to appeal to a much broader user base. “As JPMorgan, we will be involved in both our own deposit coin and stablecoins. We want to understand this space and become proficient in it,” Dimon said. “Stablecoins are real. However, I still don't fully understand why you would want to use a stablecoin instead of making a payment directly.” Related News: US President Donald Trump Makes Hot Remarks on Cryptocurrencies - Shares a Long Statement Dimon, 69, is known for his criticism of cryptocurrencies, particularly Bitcoin. However, JPMorgan's massive presence in the sector, with a daily global payment volume of approximately $10 trillion, means the company cannot afford to neglect emerging payment technologies. Dimon stated that fintech companies trying to create alternatives to the traditional banking system pose a threat, saying, “These guys are very smart. They want to create bank accounts, access payment systems, and offer rewards programs. We need to be aware of this. The way to do this is to be active in this area.” Citigroup executives also stated in a statement today that they are exploring the possibility of issuing stablecoins and that they see opportunities, particularly in areas such as tokenized deposits and the storage of crypto assets. *This is not investment advice. Continue Reading: Bitcoin and Cryptocurrency Hater JPMorgan CEO Jamie Dimon Backtracked Again: “I Still Don’t Fully Understand It, But…”
Bitcoin has confirmed a significant double breakout, signaling strong bullish momentum and positioning the cryptocurrency for a potential surge toward $137,000. The breakout from a bull pennant pattern combined with