The post BTC Price Live Today—Don’t Panic: Bitcoin’s Correction Could Be the Setup for the Next Leg Up appeared first on Coinpedia Fintech News Bitcoin price has entered a corrective phase after an impressive upward rally that pushed prices to a new ATH above $122,000 . This recent pullback is being viewed by market participants as a natural part of its price cycle, often following extended bullish momentum. Rather than signaling a trend reversal, the consolidation reflects typical market behavior as traders reassess positioning. With strong underlying structure and buying interest at lower levels, the correction appears more like a healthy breather than a sign of weakness. What’s Behind the Latest Dip? The BTC price shocked everyone, recording the highest weekly close, followed by a new ATH at the beginning of the week. Meanwhile, the price saw a surge in the bearish pressure soon after marking highs with a drop in bull dominance. Here are a few reasons that caused the latest Bitcoin drop. Profit-taking was triggered after the price marked a new ATH, which is a typical pattern after a strong rally The long-to-short ratio flipped negative , showing a clear drop in bull dominance as traders started shorting aggressively The Fear & Greed Index is hovering around 70 , which is a signal that sentiment is greedy and ripe for short-term pullbacks. Why is this Bitcoin price correction healthy? After a massive rally, the bulls have drained their strength, which has paved the way for the bears to ramp up their activity. Despite this, the current BTC correction appears to be a healthy one, and here are a few reasons: Corrective phases reset overheated signals: Corrections cool off overbought market structures—important for sustaining long-term uptrends. On-chain behaviour shows limited profit-taking : Short-term holder SOPR (Spent Output Profit Ratio) remains subdued, implying most investors are not selling, suggesting this is not a capitulation phase. Strong institutional and legislative tailwinds : Ongoing U.S. regulatory progress (e.g., GENIUS, CLARITY Acts) and institutional Bitcoin accumulation continue to underpin long-term confidence. Macro backdrop remains supportive: Expectations of interest rate cuts later this year and broader investor appetite for crypto-assets continue to favour upside over time. Here are the Crucial Levels to Monitor The Bitcoin price witnessed a steep drop over the past few hours, causing a pullback of over 5% from the highs. Meanwhile, the price is trying to find a base around the local support zone between $116,594 and $116,892. The buying pressure has dropped as the selling volume has decreased. As a result, the price is primed to test the crucial support in a short while, which may further trigger a rebound. The short-term price action shows the price plunging heavily, which has dragged the stochRSI into the oversold range. The levels are preparing for a rebound, and if this materializes, then the price may experience a notable shift. Until then, both the possibility of a rebound to $118,500 or a drop to $115,260 could be in place. These are the crucial levels to monitor, as a rise or drop from these levels could impact the Bitcoin (BTC) price rally accordingly.
Bitcoin has surged past the $117,800 mark, replicating its distinctive 2024 rally pattern and signaling robust bullish momentum heading toward the $135K–$140K resistance zone. The cryptocurrency reclaimed its $98,000 support
On July 15, Arkham Intelligence reported a significant transaction involving a crypto whale holding 80,000 BTC, dormant for over 14 years. Within a recent 30-minute window, this entity moved 5,360
Bybit EU launched its European headquarters in Vienna with an event at METAstadt, which brought together over 250 guests from the fintech, policy, academic, and blockchain sectors. The evening celebrated Austria’s position as a crypto innovation center under MiCAR regulations and Bybit’s European market entry. What a night in Vienna! 🇪🇺🇦🇹 We officially launched Bybit EU and celebrated with an incredible community of innovators, partners, and friends. Thanks to everyone who made it unforgettable. Danke, Vienna. We’re just getting started. 🚀 #BybitEU #TheCryptoHub pic.twitter.com/98wYGGcLmx — Bybit EU (@BybitEU) July 11, 2025 Mazurka Zeng, CEO of Bybit EU, presented her Vienna-based team alongside Bybit’s Board of Directors during the event. “We chose Vienna because it offers clarity, stability, and a thriving ecosystem. This event is about building real, lasting connections with Europe’s crypto community,” said Zeng. Ben Zhou, CEO and Co-founder of Bybit, delivered a keynote speech emphasizing the company’s European expansion goals. “Bybit EU is about setting a new standard — not just in Austria, but across Europe. We’re here to build, together,” said Zhou. Government support and industry attendance Austria’s State Secretary for Finance, Barbara Eibinger-Miedl, welcomed the expansion during the event. “The decision by Bybit to establish itself in Austria once again demonstrates that our country offers excellent conditions for international FinTechs – from clear regulatory frameworks and modern digital infrastructure to an innovation-friendly environment. Austria positioned itself early on as a pioneer in implementing the MiCAR regulation and is now one of the most attractive FinTech locations in Europe. As the State Secretary for Finance, it is my goal to further strengthen this competitive advantage,” said Eibinger-Miedl. The event included networking activities and featured notable attendees, including Georg Brameshuber from Validvent, Walter Mösenbacher from DAAA, Alfred Taudes from WU Wien, Ed Prinz from DLT, Bjorn Declerck from Tomorrowland, Christian Rau from Mastercard, Attila Dogudan from DO&CO, and Martin Hanzl from EY. Featured image via Shutterstock. The post Bybit EU launches its European headquarters in Vienna appeared first on Finbold .
Binance announced that it will support the network upgrade and hard fork process that will take place on the Kaia (KAIA) network. Binance Will Support Kaia (KAIA) Network Upgrade and Hard Fork In order to maximize user experience, the exchange will temporarily suspend deposits and withdrawals of tokens on the KAIA network, starting from July 17, 2025, at 03:26 CEST. Upgrade and Hard Fork Details Block height: 190,670,000 Estimated time of occurrence: July 17, 2025, 04:26 CEST Affected network: Kaia (KAIA) Transactions affected: Deposits and withdrawals only Unaffected transactions: Token trading on the KAIA network will continue uninterrupted. Technical Support from Binance Binance will automatically handle all technical requirements on behalf of users. Once the network upgrade is complete and stability is achieved, deposits and withdrawals will reopen without further announcement. Users are advised to refrain from making deposits or withdrawals during the temporary suspension. For updates, please follow Binance's official channels. *This is not investment advice. Continue Reading: Bitcoin Exchange Binance Announces It Will Support This Altcoin's Network Upgrade and Hard Fork! Here Are the Details
BitcoinWorld BingX Joins Fans Worldwide in Celebrating Chelsea FC’s World Championship Victory PANAMA CITY, July 15, 2025 /PRNewswire/ — BingX , a leading cryptocurrency exchange and Web3 AI company, proudly congratulates Chelsea Football Club for their historic victory in the 2025 FIFA Club World Cup. As the club’s official crypto exchange partner, BingX joins millions of fans around the world in celebrating this defining moment. To mark the occasion, BingX is launching a global campaign designed to unite fans and users worldwide in celebration. The campaign invites the global community to take part in this statement win, with every participant guaranteed a reward. Highlights include limited-edition Chelsea training kits, matchday experiences, and exclusive trading incentives. This initiative brings together the BingX and Chelsea communities in honoring this unforgettable achievement. Vivien Lin , Chief Product Officer of BingX, shared her reflections: “At BingX, we believe success is built on trust, resilience, and innovation — values Chelsea embodies on and off the pitch. Their victory is not only a win for the club but also for every fan who believed in the journey. As their official crypto exchange partner, we are proud to stand with Chelsea as they reach new heights — and we will continue innovating to ensure our users win alongside us.” The partnership between BingX and Chelsea FC began in 2024, at a time when both brands were entering pivotal phases of growth. Chelsea, in the midst of rebuilding with a youthful squad, was focused on a long-term vision for success. BingX, an emerging player in a competitive crypto landscape, made its mark through user-first innovation, industry-defining AI tools, and an unwavering commitment to trust and transparency. As part of the ongoing partnership, BingX proudly unveiled the official 2025/26 Chelsea FC men’s training kit earlier this summer, launching the new season under the shared campaign theme: Trained on Greatness. This collaboration reflects a strategic alignment between two high-performance brands that value belief, discipline, and forward-looking growth. United by a common mindset, BingX and Chelsea continue to push boundaries at the intersection of sport and Web3. About BingX Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship. For more information please visit: https://bingx.com/ This post BingX Joins Fans Worldwide in Celebrating Chelsea FC’s World Championship Victory first appeared on BitcoinWorld and is written by chainwire
BitcoinWorld Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge The cryptocurrency world is buzzing with excitement, and for good reason! We’ve just witnessed a truly remarkable moment as Coinbase, one of the leading names in digital assets, achieved a monumental feat: its Coinbase market capitalization soared past the $100 billion mark. This incredible milestone coincided perfectly with Bitcoin hitting a fresh Bitcoin all-time-high unit price, signaling a powerful bull run across the entire crypto ecosystem. Understanding Coinbase’s Historic Achievement It’s not every day a company crosses the $100 billion valuation threshold, especially one rooted in the volatile world of cryptocurrencies. As reported by The Block, Coinbase officially closed with a market capitalization of $100.36 billion. This was driven by its Coinbase stock price reaching $394.01, up a solid 1.8%, marking its highest close since going public in April 2021. The stock even touched an intraday high of $398.50, showcasing immense investor confidence. So, what exactly does a $100 billion market capitalization signify for Coinbase? Legitimacy: It solidifies Coinbase’s position as a major financial institution, bridging traditional finance with the burgeoning digital asset space. Investor Confidence: Such a valuation reflects strong belief from both retail and institutional investors in Coinbase’s business model and the future of crypto. Industry Benchmark: It sets a new standard for crypto-native companies, paving the way for others to follow suit in terms of growth and public market acceptance. What Fueled This Explosive Crypto Market Growth? Coinbase’s ascent isn’t happening in a vacuum. It’s intrinsically linked to the broader bullish sentiment engulfing the crypto market growth . Several key factors have converged to create this perfect storm of positive momentum: Bitcoin’s Dominance: As the pioneering cryptocurrency, Bitcoin’s rally often sets the tone for the entire market. Its sustained climb to new record highs has injected optimism and capital into altcoins and crypto-related businesses. Institutional Adoption: More and more institutional players, from hedge funds to major corporations, are allocating significant capital to Bitcoin and other digital assets. This influx of ‘smart money’ adds stability and credibility. Increased Retail Participation: The narrative around crypto has shifted from niche to mainstream. With easier access through platforms like Coinbase, millions of new retail investors are entering the space, driving demand. Macroeconomic Factors: Concerns over inflation and traditional asset performance have led many to view Bitcoin as a store of value or a hedge, similar to digital gold. The Significance for Your Digital Asset Investment Strategy For anyone involved in or considering digital asset investment , Coinbase’s milestone offers valuable insights. It underscores the increasing maturity and mainstream acceptance of cryptocurrencies. While volatility remains a characteristic of the market, the sustained growth and institutional interest suggest a fundamental shift in how assets are perceived and valued. What are the benefits of this milestone? Enhanced Trust: A highly valued, publicly traded company like Coinbase adds a layer of trust and regulation to an often-unregulated market. Innovation Acceleration: Strong market performance encourages more investment in blockchain technology, leading to new products and services. Wider Accessibility: As major players grow, they typically improve user experience and expand offerings, making crypto more accessible to everyone. Are there challenges or considerations? While the news is overwhelmingly positive, it’s crucial to remember that the crypto market, and consequently Coinbase, are still subject to certain challenges: Regulatory Landscape: Governments worldwide are still developing frameworks for crypto, which can introduce uncertainty. Market Volatility: Despite its growth, the crypto market can experience rapid price swings. Competition: The exchange landscape is competitive, with new players constantly emerging. Looking Ahead: The Future is Bright Coinbase’s remarkable achievement is more than just a financial headline; it’s a powerful indicator of the growing mainstream adoption and undeniable potential of the digital economy. As Bitcoin continues to forge new paths and the broader crypto market matures, companies like Coinbase will play a pivotal role in shaping the financial landscape of tomorrow. This milestone isn’t just about one company’s success; it’s a testament to the collective belief in a decentralized, digitally-driven future. It’s an exciting time to be part of this revolution. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action and institutional adoption. This post Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge first appeared on BitcoinWorld and is written by Editorial Team
Two artificial intelligence (AI) models are predicting that XRP’s current momentum is likely to push the asset above $3 on August 1. Notably, XRP has broken through key resistance zones in recent sessions, aligning with the broader market rally fueled by Bitcoin’s ( BTC ) new record high above $123,000. The surge saw XRP briefly touch $3 before retracing to $2.86 at press time. That price marks a 3.5% drop over the past 24 hours, though the asset remains up 26% on the week. XRP one-week price chart. Source: Finbold For its price forecast, Finbold consulted OpenAI’s ChatGPT , which offered several scenarios for XRP. ChatGPT predicts XRP price ChatGPT, analyzing technical patterns and market sentiment, predicts that XRP will trade between $2.95 and $3.15 by August 1. Its single-point prediction puts the token at $3.08, an 8% increase from current levels. The AI model noted that XRP has already broken past key resistance near $2.50 and is now consolidating just below the psychologically important $3 mark, a setup that is often bullish in the short term. However, the model cautioned that resistance between $3 and $3.10 remains strong and may be hard to break without a major catalyst. To this end, XRP’s history suggests 5% to 15% moves when consolidating near resistance. Still, the current market environment, described as “greedy but not euphoric”, might support moderate gains rather than explosive rallies. AI price reduction for XRP. Source: ChatGPT Grok predicts XRP price On the other hand, Grok, another AI model, also predicts further upside for XRP, with a target slightly higher at $3.10 by August 1. Its estimate factors in continued bullish momentum, improved regulatory clarity, and strong trading volume. Grok also sees the potential for XRP to test $3.20, though it warned of a possible dip to $2.90 if overbought conditions trigger a pullback. Ultimately, XRP’s ability to hit the expected $3 level will depend on how Bitcoin performs, as the asset has closely mirrored the leading cryptocurrency’s trading patterns. At the same time, if profit-taking accelerates in the coming days, XRP risks losing its $2.50 support, making it harder to reclaim the $3 mark. Featured image from Shutterstock The post AI predicts XRP price for August 1, 2025 appeared first on Finbold .
Recent data from Google Trends reveals a notable surge in global search interest for “buy XRP,” signaling renewed attention towards the Ripple token. This increase in search volume, while not
Tesla unveiled an updated version of its geofence map for Austin, Texas, and online Robotaxi fans think it closely—and very cheekily—resembles the private parts of a human male anatomy. The new geofence size more than doubled the service area for the Tesla Robotaxi in only 22 days, and it is larger than Waymo’s by at least 4 square miles. The official Tesla Robotaxi X account left little to the imagination of fans when it posted the updated geofence map with the caption “Harder, Better, Faster, Stronger.” Robotaxi also claimed to be big fans of eggplants, adding that they had just expanded their surface area. Tesla’s CEO, Elon Musk, added fuel to the naughty online conversation by retweeting Teslaconomics’ post with the caption “Bigger, longer, uncut,” followed by a laughing emoji. Musk announced the expansion of Austin’s geofence for the Robotaxi service last week, adding that Tesla was looking to launch the service in the Bay Area in a few weeks. TSLA retail investor Steve Ryan suggested the new geofence map’s phallic shape as a joke, and in true Musk fashion, he made Tesla do it, pissing off critics and making fans laugh. Robotaxi’s new app version rolls out I just opened the Tesla Robotaxi app and the geofenced area in Austin, Texas has officially expanded 🤣 pic.twitter.com/gDOzLvkH4g — Teslaconomics (@Teslaconomics) July 14, 2025 Robotaxi’s new app version was rolled out on July 14, adding walking directions for pickup and drop-off flexibility. According to the Robotaxi team, the addition of notable landmarks made navigating ride-sharing pickups and destinations in large metros and congested areas in Austin easier. The updated app now guides users to Robotaxi pickup and drop-off locations that are not close to specific areas being visited. The Robotaxi app also includes closing times for different drop-off destinations to reduce inconveniences. The new feature warns users when visiting establishments about to close, guiding users to establishments with enough time to serve their needs. It also includes the ability to edit users’ pickup locations and destinations even after booking rides, instead of fixed default spots. Tesla also included the University of Texas in the service area coverage to expand the service to over 53K students. Musk’s un-billionaire-like juvenile humor, like his fixation on the marijuana-related number 420, will likely attract more students to the service’s rides priced at $4.20. The controversial billionaire investor smoked a joint in 2018 during a live podcast on “The Joe Rogan Experience.” He later posted a meme with the caption “Twitter’s next board meeting is gonna be lit.” Robotaxi users get more tips Tesla’s updated Robotaxi app allows users to select their preferred cabin temperature and provides more smart tips while waiting for rides. The tips include how to operate the Model Y door handles and how the driverless vehicles’ light signals work. More smart suggestions include destinations like parks, cafes, shopping centers, restaurants, and other key locations. Additionally, the simple interface provides real-time updates on the arrival of their Robotaxis to help users better understand their shared ride experiences. However, customers can still not leave tips for good service. Tesla is also laying the groundwork for future expansions, and validation vehicles have been seen in Kyle, Texas. According to the company, its engineering and validation teams continuously work on new expansions as the public receives more updated rollouts. However, even after expanding its service area, Tesla has not officially shared details about increasing its fleet. The electric carmakers previously claimed they had shortened the time to new deployments by streamlining the process. Tesla now ships new vehicles from the factory, installs the Robotaxi software, and places ready cars on public streets much faster. Waymo’s long mapping processes are yet to give the Robotaxi’s quick expansions any real competition. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now