Bitunix analyst highlights the recent surge in Bitcoin (BTC) prices, attributing the momentum to the introduction of a new stablecoin regulatory bill. This legislative development is expected to enhance market
The surge out of Bitcoin’s bull flag is happening. So far the price has been as high as $118,400. This may well be surpassed on Friday. Just how high can this rocketship go? S&P 500 about to break back into the long-term ascending channel? Source: TradingView At the same time that Bitcoin is bursting higher, the US stock market is paving the way. The best way to view this is via the S&P 500. After the big dip caused by the Trump tariffs, the v-shaped recovery has been nothing short of sensational. It might be today, or it could be next week, but the index looks as though it can climb back into the ascending channel which has been in force since early 2023. This is good news for $BTC given that a climbing US stock market usually coincides with similar price action for Bitcoin. Current upside pause just temporary? Source: TradingView After breaking out of the bull flag and faking out the first time, and threatening to do so a second time, the $BTC price suddenly shot skyward and reached and surpassed the all-time high at $112,000. A short period of consolidation followed in the form of a flag pennant. However, this soon broke out, and another $7,000 was soon added to the price as it hit more than $118,000. Since then, there has been a slight retracement into the $117,000s, but this does look temporary, and the price could start to spike yet again at some point during Friday. $130,000 is not out of the realms of possibility. It does need to be borne in mind that sooner or later, this upward spike will need to start calming down, and it would be healthy for the price to go sideways and perhaps down for a more extended period of time, giving the momentum indicators time to reset, as they are quite overbought now. At what point this might start to happen is unsure at this stage, and there is the possibility of more upside before gravity begins to take effect. Potential downside price targets Source: TradingView While more upside price action is probably favourite right now, it is good to look at the possibilities for potential downside. Drawing in the Fibonacci extension levels for this move, it can be seen that the deepest retracement that could be reasonably expected is to the 0.618 level. This coincides with the top corner of the bull flag, making it a good support level. It can be seen that up to now, the 0.236, the most shallow Fibonacci level, is acting as good support. At the bottom of this daily chart, the RSI indicator line has just crossed into overbought territory above 70.00. That said, it will need to get above 78.60 in order to avoid bearish divergence on this time frame. Bearish divergence needs to be annulled on weekly time frame Source: TradingView More importantly, on the weekly time frame, the indicator line for the RSI can be seen to be approaching the descending trendline (bottom of chart). This looks tricky for the bulls, and could be a rejection point. If it does break through, it will need to confirm, and then get above 88.40 in order to fully annul bearish divergence on this weekly time frame. 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.
Michael Saylor’s recent acquisition of $1.05 billion worth of Bitcoin marks a pivotal moment, reinforcing institutional confidence in BTC amid ongoing market volatility. This strategic purchase of 10,100 BTC not
South Korea's leading cryptocurrency exchange Bithumb announced that it will list the decentralized finance (DeFi) protocol Resolve (RESOLV) token at the KRW trading pair starting at 6:00 PM today. Bithumb Announces Listing of RESOLV Token on KRW Market Listing Information Trading Pair: RESOLV/KRW Supported Network: Ethereum Transaction Start Time: July 11, 2025, 18:00 Starting Price: 207 KRW Minimum Required Approvals: 33 Off-network sending is not supported. What is RESOLV? RESOLV is a protocol that manages a stablecoin called USR, which is collateralized by Ethereum (ETH) and Bitcoin (BTC) and pegged 1:1 to the US dollar. The protocol's core functions include: Users can print/recover USR with different tokens Maintaining collateral balance through perpetual short positions that hedge ETH and BTC prices Management of the RPL (Resolv Pool Liquidity) pool where USR is backed by excess collateral RESOLV token undertakes functions such as governance, staking, reward earning and liquidity incentive in this ecosystem. Important Transaction Warnings To increase user security during the new listing process, the following transaction restrictions will be implemented: Buy orders will not be allowed during the first 5 minutes. During the same period, sell orders below 10% or above 100% will be rejected. Automatic orders (stop-limit etc.) will become active after the first transaction is executed. Deposit/Withdrawal Alerts Transactions can only be made on crypto exchanges supported by Bithumb and from wallets in your name. According to the Travel Rule, investments made from unsupported platforms will be rejected and the refund process may take a long time. If you use the wrong network or address, you may experience asset loss. *This is not investment advice. Continue Reading: Bitcoin Exchange Bithumb Shares New Listing Announcement! Here's the Listed Altcoin
Analyst and trader Kevin Svenson believes Bitcoin ( BTC ) is primed to go higher as the flagship crypto asset sits just a few basis points below the all-time high. Svenson tells his 83,400 YouTube subscribers that whenever the S&P 500 index hits a new all-time high, Bitcoin tends to follow suit. The S&P 500 index reached a record high of 6,333 points earlier this week. “Bitcoin is now ready to play out the next major parabolic advance, the next phase of the parabolic trend… …And if the S&P is stable or trending into new all-time highs, then that will allow Bitcoin to also do the same. It gives speculators confidence to speculate into a new all-time high for Bitcoin.” After breaking out above the current all-time high of just under $112,000, Svenson says the first major target for Bitcoin is the $120,500 level. The analyst says Bitcoin could then pull back before initiating a parabolic rally. “If you take a look at the current weekly chart for Bitcoin with the parabolic trend diagram overlaid onto it, you’ll see that we are setting up for the next major parabolic advance. The next major push towards $140,000 to $150,000 is what the textbook suggests. And this could probably take months, many, many months of, you know, movement to get there.” Bitcoin is trading at $110,936 at time of writing, less than one percentage point below the all-time high of $111,814 reached in May. ? Follow us on X , Facebook and Telegram Don't Miss a Beat – 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 Bitcoin Primed for the Next Major Parabolic Advance, Says Crypto Analyst Kevin Svenson – Here Are His Targets appeared first on The Daily Hodl .
K Wave Media has secured $1 billion in capital through strategic agreements to accelerate its Bitcoin acquisition plan, aiming to build a treasury of 10,000 BTC. The company’s initial purchase
More on HIVE Digital Technologies Ltd. HIVE Digital: Underwhelming Q4, Continue To Avoid HIVE Digital Technologies Ltd. (HIVE) Q4 2025 Earnings Call Transcript HIVE Digital: Great Seasonality And A Bullish Chart Setup HIVE Digital bitcoin production rises 18% in June with Paraguay facility Hive targets 25 exahash and $400M-plus revenue run rate as bitcoin mining and HPC accelerate
After Bitcoin hit a new all-time high, capital has begun rotating into major altcoins like SEI, ARB, and OP SEI Network has led the charge, surging over 20% as its on-chain metrics show booming growth This capital rotation is a classic sign that the next phase of the bull run, or “altseason,” is starting The altcoin market – including Sei (SEI), Arbitrum (ARB), and Optimism (OP) – rallied in tandem with Bitcoin (BTC) in the past two days. The established four-year crypto capital rotation has escalated in the past few weeks, as observed in the notable cash inflows to the U.S. spot Ether ETFs amid rising demand for altcoins by institutional investors. Furthermore, more than a dozen spot altcoin ETFs are awaiting final decision from the U.S. SEC. As a result of the rising demand for altcoins, the TOTAL3 market cap, which excludes Ethereum (ETH) and Bitcoin, has broken out of a falling logarithmic trend established year-to-date (YTD). The bullish breakout of the TOTAL3 suggests the onset of the awaited 2025 altseason. Related: The Great Transfer of Wealth from Bitcoin to Altcoins Has Begun SEI Network with a 20% Surge The mainstream adoption of DeFi p… The post After Bitcoin’s Record Run, Altcoins SEI, ARB, and OP Appear to Be Next in Line appeared first on Coin Edition .
Get Early Alpha with Our Immediate Analysis of Today’s Best Meme Coins Check out our Live Update Coverage on the Best Meme Coins for July 11, 2025! With Bitcoin merrily skipping past the $118K ATH, meme coins stand on the precipice of a potential explosion. Given the massive upside potential and low entry prices, meme coins have become a magnet for traders looking for quick gains. Given their sky-high market cap, meme coins have Lamborghini potential (think 7-10x in a day). High-risk, high-reward players naturally love them, and so should you. This page gives you the inside edge—live updates on trending meme coins, alpha from crypto degens, and whispers from FOMO-driven trading circles. If you’re hunting for the next 10x or 100x gem, you’re in the right place. We update this page frequently throughout the day, as we get the latest insider insights on the best meme coins, so keep refreshing! Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you. Bitcoin Reached $118K ATH, Kickstarting New Crypto Bull Market for Meme Coins July 11, 2025 • 09:00 UTC Bitcoin briefly touched a new ATH of $118K on July 11, and it’s currently trading above $117.5K. The #1 cryptocurrency has seen an 80% spike in daily trading volume , which pushed the coin up +5.7% over the past 24h. This breakthrough happened just a week after President Donald Trump signed the much-awaited ‘Big Beautiful Bill,’ which CoinBureau founder Nic Puckrin had previously predicted to ‘set the stage for macro-driven Bitcoin expansion,’ fueling a crypto market bull run in the process. Well, it’s happening — sooner than expected. As the market turns bullish again and Bitcoin breaks new records, more capital is also coming into high-volatility, high-upside meme coins. The entire meme sector has seen a +54% spike in daily trading volume, a telling sign that altcoins are soon to rally. Top meme coins and presales are getting millions in investor inflows right now. See the best meme coins trending here. Best Meme Coins Surge as Bitcoin Storms Past $118K – New Meme Coins Like $T6900 and $SNORT Set to Benefit July 11, 2025 • 09:00 UTC The meme coin market is soaring, with a 10% market cap increase and 50% volume surge in just one day, outperforming both Bitcoin and Ethereum. Top gainers include FARTCOIN (up 13.84%), Pengu (up 13%) and Dogecoin (up 16%), but it’s green just about across the board. As Bitcoin leads the charge, topping a new ATH of $118K, it’s had a slingshot effect on altcoins, with big hitters like Pengu’s recent skyrocketing gains driving renewed interest in meme coins. And as meme coins continue to attract retail and institutional investors alike, hot new tokens like $T6900 and $SNORT are entering the fray, and showing strong early potential for high returns. Discover the best new meme coins in presale right now.
Crypto might still be banned in mainland China, but signs are emerging that the world’s second-largest economy isn’t staying on the sidelines forever. A Shanghai regulator reportedly held a rare meeting on stablecoins and digital currencies. This comes in when the digital assets market is rallying high, printing green indexes all around. The cumulative crypto market cap surged by almost 6% over the last day to hit $3.67 trillion. Its 24-hour trading volume has now breached $230 billion. Bitcoin (BTC) made a huge comeback to mark a fresh all-time high of $118,400. Shanghai eyes stablecoins According to the report, a post on the Shanghai State-owned Assets Supervision and Administration Commission’s official WeChat mentioned that the Thursday meeting brought together 60-70 officials and experts, including policy voices from Guotai Haitong Securities who presented global stablecoin developments and offered strategic policy suggestions. It is a move that marks a subtle but notable shift in tone for a country that outlawed crypto trading and mining back in 2021. The city of Shanghai is China’s financial nerve center and a frequent testing ground for pilot reforms. It added that the meeting stopped short of endorsing any change in crypto rules. However, regulator He Qing highlighted the need for “greater sensitivity to emerging technologies and enhanced research into digital currencies.” This approach would have been inconceivable even a year ago. Chinese tech giants like JD.com and Ant Group are reportedly preparing applications to issue yuan-backed stablecoins via Hong Kong. The landmark legislation for stablecoin licensing is expected to go live on August 1. That move is seen as a key part of Hong Kong’s effort to reposition itself as Asia’s digital asset capital. Meanwhile, the mainland’s crypto watchdogs aren’t dropping their guard. The Beijing Internet Finance Association issued a stern warning on Wednesday against stablecoin scams and unlicensed fundraising schemes. The watchdog flagged buzzwords like “DeFi,” “Web3” and “stablecoins” as red flags. They are accusing bad actors of mimicking Ponzi models to lure retail investors. “These activities can easily evolve into crimes such as illegal fundraising, financial fraud, and money laundering,” the group said. Dollar rules stablecoins Pressure is still mounting as the US dollar accounts for more than 99% global stablecoin market. However, some Chinese policymakers are increasingly uneasy about ceding control of digital trade rails to American currency-backed tokens. For exporters across China’s southern provinces, dollar stablecoins like USDT and USDC have already become a shadow settlement layer for international deals. The renminbi makes up less than 3% of global cross-border flows. A Hong Kong-issued RMB stablecoin could be Beijing’s answer to breaking the dollar’s monopoly. If green-lit, such a product would allow offshore users to transact in digital RMB tokens without the underlying currency ever leaving China. It’s a workaround that protects Beijing’s regulatory firewall while offering an alternative to the dollar. Data shows that the global stablecoin market cap stood around $262.56 billion on Friday. Tether’s USDT is leading the category with a cap of $160 billion while Circle’s USDC holds a cap of $62.8 billion. DAI is another major stablecoin in the tally with a circulation of 5.36 billion. Running the wave up, Bitcoin price surged by 6% in the last 24 hours. BTC posted a fresh ATH of above $118,400 before crawling back to the $117K zone. Its 24-hour trading volume spiked by 93% to hit $117.7 billion. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites