Dogecoin has reclaimed the spotlight as the original meme coin surges back above the $0.20 threshold following exactly one month of consolidation. Fibonacci extension levels now indicate an ambitious $4 target, with trading volume returning to the market amid Bitcoin’s historic price highs. Currently trading at $0.199 after experiencing a minor pullback, DOGE maintains a 10% daily gain while extending its weekly performance to 19.61%. $7.6 Billion Futures Bet on Dogecoin Rally As Analysts Agree DOGE is Primed for 2000% Breakout One of the most remarkable aspects of this rally is Dogecoin’s consistent trading volume, which has surpassed that of higher-ranked cryptocurrencies like Binance Coin (BNB) . For perspective, DOGE recorded over $2.5 billion in trading volume with a market capitalization of $29.8 billion, while BNB generated $2.3 billion in volume despite its substantially larger $95.8 billion market cap. Source: CoinMarketCap Moreover, market sentiment suggests sustained interest in DOGE’s upward trajectory. In the futures market, over $7.6 billion has been traded within the past 24 hours, with positions betting on DOGE’s continued ascent. Source: Coinglass Open interest for Dogecoin remains decidedly positive, with approximately $2.7 billion in capital backing the meme coin over the last 24 hours. This heightened level of interest has prompted seasoned investors and analysts to believe Dogecoin can revisit its $0.7376 all-time high, achieved in 2021. Prominent DOGE investor “doge god” shared a chart projecting a Dogecoin rally to $3.80. Trader Alan also confirmed that the BTC/DOGE chart, along with the M2 money supply, are lagging indicators, positioning Dogecoin to catch up in the coming weeks. #Dogecoin to Bitcoin chart might show a God candle this month $DOGE season is coming $DOGE / $BTC / M1 pic.twitter.com/LYJGrTfFYt — Trader Tardigrade (@TATrader_Alan) July 11, 2025 Can the DOGE Army Awaken to Push $4 Fibonacci Target? For Dogecoin to reach the $4 Fibonacci target, the DOGE community, popularly known as the “DOGE ARMY”, would need compelling reasons to mobilize, as they have repeatedly demonstrated their unmatched influence in the meme coin market. One of the movement’s most prominent long-term supporters is Tesla and X CEO Elon Musk, who has consistently advocated for the cryptocurrency. In April 2021, following Dogecoin’s historic highs, Musk posted that “SpaceX is going to put a literal Dogecoin on the literal moon,” referencing the popular crypto slang “to the moon.” A year later, the SpaceX founder reaffirmed his commitment to supporting Dogecoin’s growth. I will keep supporting Dogecoin — Elon Musk (@elonmusk) June 19, 2022 On the technical front, the DOGE/USDT 4-hour chart displays a breakout from a descending channel, signaling a reversal from recent bearish momentum. This bullish breakout is reinforced by a rising RSI, which has crossed above the 70 level, indicating strong buying pressure and potential for continued upward movement. Source: TradingView Additionally, the MACD histogram has turned positive, further supporting the bullish momentum thesis. Price currently hovers around $0.1985 and appears positioned to target the next key resistance zone near $0.30. Should momentum persist, DOGE could rally toward the $0.43–$0.45 region, which represents a previous high. A continuation beyond that level opens the path for a move toward $0.50 and eventually $0.58, aligning with the projected trajectory analysis. A short-term pullback may occur around $0.30 before the uptrend resumes, but the overall structure remains decidedly bullish. Snorter AI Bot Raises $1.74M to Snipe Low-Cap Meme Coin Gems With meme coins returning to traders’ radar, particularly on the Solana network, many have already positioned themselves as favorites like BONK, WIF, PENGU, and FARTCOIN . However, the most exciting opportunities in bull runs typically come from low-cap meme coins that lack centralized exchange listings, as these often generate the highest returns for traders. This means traders must purchase directly from DEX markets , which can present technical challenges. An AI-powered Telegram bot called Snorter Bot has emerged to simplify the process of sniping tokens directly from DEX markets. Source: Sonrter Bot The presale has already raised $1.74 million, with its native $SNORT token currently priced at $0.0979. To purchase $SNORT, visit the Snorter Token presale site , where you can use SOL, ETH, BNB, USDT, USDC, or even a credit card for transactions. The post Dogecoin Price Prediction: Fib Extension Flashes $4 Target – How Quickly Can DOGE Get There? appeared first on Cryptonews .
Bitcoin (BTC) has been on a massive surge since the evening of July 9. With the price climbing above $118,000, further gains are expected. At this point, a prediction came from Cardano (ADA) founder Charles Hoskinson. After Bitcoin broke new records, Charles Hoskinson once again predicted a $250,000 price target for BTC. Bitcoin Bull Target! Stating that a bigger bull run is ahead of us and calling the next phase a “gigachad bull run,” Charles Hoskinson claimed that Bitcoin could reach $250,000. The Cardano founder claimed that Bitcoin's rise will be driven by the approval of two important bills: the GENIUS Stablecoin Act and the CLARITY Act. These bills aim to create a comprehensive federal framework for stablecoin and digital asset regulation. If passed, these bills could finally end the rivalry between the SEC and CFTC and provide cryptocurrency companies with a clear legal path forward. Hoskinson said that creating a clear legal framework for the cryptocurrency sector will increase institutional adoption and bring trillions of capital that have been sitting on the sidelines into Bitcoin and altcoins. “I said the Gigachad bull run is coming. We will see 250k Bitcoin and trillions of dollars entering the altcoin space. Genius and Clarity's actions will be the catalyst.” *This is not investment advice. Continue Reading: Cardano (ADA) Founder Charles Hoskinson Reveals His Big Bullish Price Prediction for Bitcoin (BTC)!
ETH, HYPE, UNI and SEI rallied toward new highs as Bitcoin pushed above $118,000.
Meta, the parent company of Facebook and Instagram, is not expected to make any more changes to its controversial “pay-or-consent” advertising model, despite the growing threat of daily fines and further antitrust charges from European regulators, according to sources familiar with the situation. Last month, the European Commission raised concerns over Meta’s compliance with the Digital Markets Act (DMA) and warned the tech giant of potential penalties. However, insiders now say Meta sees no need to go beyond the limited adjustments it made late last year. Is Meta bracing for more trouble? In April, the European Commission fined Meta €200 million (around $234 million), arguing that its approach to data collection and ad targeting under the “pay-or-consent” system violated DMA rules. These rules came into effect in November 2023 and aim to rein in the dominance of major tech firms by setting strict behavioural standards. Meta attempted to adjust its strategy in November 2024 by reducing how much personal data it uses for users who refuse to pay for ad-free versions of its platforms. But EU officials didn’t consider this sufficient, prompting further scrutiny and warnings in June. Now, sources say Meta has no intention of offering additional changes unless circumstances dramatically shift. This stance means the company is bracing for more legal trouble. One source mentioned that fines could reach up to 5% of Meta’s daily global turnover if the EU finds continued non-compliance, these penalties could be enforced retroactively from June 27. Meta has declined to provide a fresh comment, instead referring reporters to its earlier statements. In those, the company insisted it is confident its ad consent model is legally sound and even goes beyond what the DMA requires. Meta also accused the Commission of unfairly targeting its business model. The European Commission, for its part, also declined to comment on the latest developments. Apple and Meta file appeals Earlier this week, both Meta and Apple officially filed appeals against previous EU decisions under the DMA, which had imposed a total of €700 million in fines between them. Apple had been hit with a €500 million penalty in March for allegedly blocking developers from guiding users toward better deals outside its App Store, a practice outlawed under the DMA as “anti-steering.” Responding to the fine, Apple said the Commission’s actions go far beyond what the DMA legally requires. The company also complained that the changes being demanded are unclear and could hurt both developers and users. Apple has since adjusted some App Store policies in a bid to avoid further fines and says it will argue its case in court. As for Meta, it also filed its formal appeal this week, defending its “pay-or-consent” model once more. The company introduced the model in Europe in late 2023, offering users a choice: pay a monthly fee for an ad-free experience or agree to personalised ads. After being flagged by regulators, Meta updated its approach in November 2024 to rely on less detailed personal data for users who don’t pay. The company argues that this revised system respects users’ rights and fulfils the DMA’s consent requirements. In June, Meta went further by slightly adjusting the language and interface users see when making their choice, but the Commission dismissed these tweaks as minor and insufficient. Meta, however, maintains that it has gone above and beyond , and believes the Commission’s position is not only wrong but legally flawed. As both tech giants gear up for a lengthy legal fight, the showdown between Silicon Valley and Brussels over privacy, user choice, and digital dominance is far from over, with the former already accusing the EU of heavy-handed regulation that risks stifling innovation and ultimately harming consumers. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
In the dynamic world of foreign exchange, institutional moves often signal deeper shifts in global economic currents. Recently, financial giant Bank of America (BofA) made headlines by initiating a significant long position on the USD/MXN currency pair. This strategic decision is not merely a trading play; it’s a profound statement on the deteriorating economic landscape of Mexico and carries significant implications for traders and investors worldwide. For those keenly observing the interplay between macroeconomic factors and currency valuations, BofA’s bold USD/MXN forecast demands immediate attention. What is Driving the USD/MXN Forecast? Bank of America’s decision to go long on USD/MXN is rooted in a meticulous assessment of Mexico’s current and projected economic trajectory. A ‘long’ position means BofA expects the US Dollar to strengthen against the Mexican Peso, indicating a belief that the Peso will depreciate. This move is a direct response to a confluence of factors that suggest a challenging period ahead for the Mexican economy. The core of their USD/MXN forecast hinges on several key observations: Weakening Growth Prospects: Economic indicators point towards a slowdown in Mexico’s GDP growth, influenced by both domestic and external pressures. This deceleration is a primary concern for investors. Persistent Inflationary Pressures: Despite efforts by Banxico (Mexico’s central bank), inflation remains a concern, potentially eroding purchasing power and investor confidence. High inflation often leads to currency depreciation. Fiscal Concerns: Government spending and potential deficits raise questions about long-term fiscal stability. Unsustainable fiscal policies can undermine a currency’s value. External Headwinds: Global economic uncertainties, particularly concerning the US economy, can significantly impact Mexico’s export-driven sectors and remittances. Mexico’s strong trade ties make it vulnerable to external shocks. Unpacking Mexico’s Economic Outlook: A Closer Look at the Challenges The narrative around Mexico’s economic outlook has shifted from cautious optimism to growing concern. Several macroeconomic indicators underscore the challenges that are prompting institutions like BofA to adjust their strategies. Understanding these factors is crucial for anyone involved in international finance or emerging markets. GDP Projections: Recent revisions by various analysts, including BofA, suggest a more subdued growth rate for Mexico in the coming quarters. This deceleration is partly attributed to tighter monetary policy aimed at curbing inflation, which in turn can stifle investment and consumption. Inflationary Environment: While Banxico has been proactive with interest rate hikes, inflation, particularly core inflation, has proven sticky. High inflation can reduce real wages, dampen consumer spending, and make it more expensive for businesses to operate, ultimately slowing economic activity. Investment Climate: Despite efforts to attract foreign direct investment (FDI), uncertainties related to policy decisions, rule of law, and energy sector reforms have at times deterred investors. A robust investment climate is vital for sustainable economic expansion. Trade Dynamics: Mexico’s strong trade ties with the United States mean that any slowdown in the US economy can have a direct, negative impact on Mexican exports. Furthermore, supply chain disruptions and geopolitical tensions continue to pose risks to global trade, affecting Mexico’s economic outlook significantly. Navigating the Forex Market Analysis: What This Means for Traders For currency traders, BofA’s long USD/MXN position offers a significant data point in their forex market analysis . This isn’t just an academic exercise; it’s a signal that could influence trading strategies across the board. When a major institution takes such a public stance, it often validates or challenges existing market sentiment. Increased Volatility: Expect potentially increased volatility in the USD/MXN pair as more traders react to this news and adjust their positions. Opportunities for short-term gains may arise, but so do risks, demanding careful risk management. Trend Confirmation: For those who were already bearish on the Mexican Peso, BofA’s move could serve as a confirmation of their existing biases, potentially leading to stronger conviction in their trades. This institutional backing can reinforce a trend. Risk Management: Traders should re-evaluate their exposure to MXN-denominated assets and consider hedging strategies if they have significant holdings. Understanding the drivers behind BofA’s move can help in crafting more resilient portfolios, as highlighted by forex market analysis . Technical vs. Fundamental: While technical analysis remains crucial, BofA’s fundamental call emphasizes the importance of macroeconomic factors in driving long-term currency trends. A comprehensive approach combining both technical and fundamental analysis will be key to successful trading. The Ripple Effect on Emerging Market Currency Dynamics Mexico’s economic health and the performance of the Peso are often bellwethers for broader trends in emerging market currency valuations. BofA’s bearish stance on the MXN could send ripples through other developing economies, especially those with similar economic structures or trade dependencies. Contagion Risk: A significant depreciation of the Mexican Peso could lead investors to re-evaluate their exposure to other emerging market currencies, particularly those in Latin America, potentially triggering capital outflows from these regions. This ‘flight to safety’ can impact multiple markets. Investor Sentiment: The confidence of institutional investors in emerging markets is delicate. News of a major bank betting against a prominent emerging market currency can erode this confidence, leading to a more risk-averse environment globally for emerging market currency assets. Interest Rate Implications: If the Peso continues to weaken significantly, Banxico might be compelled to intervene further, possibly through additional interest rate hikes, to stabilize the currency and combat imported inflation. This could have broader implications for monetary policy in other emerging economies facing similar pressures. Diversification Strategy: Investors looking at emerging markets might consider diversifying their currency exposure or shifting towards more resilient economies within the emerging market basket to mitigate concentrated risks. Bank of America USDMXN Strategy: A Closer Look at Their Conviction The decision by Bank of America USDMXN desk to initiate a long position is not taken lightly. It reflects a high degree of conviction based on their proprietary models, research, and expert analysis. This strategy suggests they anticipate a sustained period of Peso weakness, rather than just a temporary fluctuation. To understand the depth of their conviction, consider the following: Comprehensive Data Analysis: BofA likely synthesizes a vast array of economic data, including inflation rates, interest rate differentials, trade balances, fiscal policies, and political stability, to arrive at their conclusion regarding the Bank of America USDMXN position. Risk-Reward Assessment: Despite the inherent risks in any currency trade, BofA has identified a favorable risk-reward profile for this particular position, suggesting they see significant potential for the Peso to depreciate further, outweighing the potential downsides. Long-Term Horizon: While specific timeframes aren’t always public, institutional positions often imply a medium to long-term outlook, indicating that the anticipated economic challenges for Mexico are not expected to be fleeting. Client Advisory: Such a prominent move by BofA also serves as an implicit advisory to their institutional clients, signaling potential shifts in investment recommendations and portfolio allocations, guiding their decisions based on the Bank of America USDMXN outlook. Table: Key Factors Influencing USD/MXN Movement (BofA’s Perspective) Factor Impact on MXN (BofA’s View) Rationale Economic Growth Negative Slowdown reduces demand, lowers investment appeal. Inflation Negative Erodes purchasing power, higher cost of living. Interest Rate Policy Mixed (Supports MXN, but growth concern overrides) Higher rates attract capital, but also stifle growth. Fiscal Policy Negative Potential deficits, spending concerns. Global Risk Sentiment Negative Flight to safety (USD) during uncertainty. US Economic Health Mixed (Strong US good for exports, but Fed hikes hurt) US slowdown impacts Mexican exports & remittances. Challenges and Risks for the USD/MXN Long Position While BofA’s position is based on solid analysis, no market prediction is without risk. Several factors could challenge their long USD/MXN bet: Unexpected Economic Recovery: A stronger-than-anticipated rebound in Mexico’s economy could invalidate the premise of Peso weakness, surprising the market. Aggressive Banxico Intervention: Mexico’s central bank could implement more drastic measures to support the Peso, such as direct market intervention or steeper rate hikes, directly counteracting depreciation. Global Shift in Risk Appetite: A sudden surge in global risk appetite could lead to capital inflows into emerging markets, strengthening the Peso as investors seek higher yields. Commodity Price Surge: As a significant oil producer, a sustained increase in crude oil prices could boost Mexico’s export revenues and strengthen the Peso, providing a natural hedge. Political Stability: Unexpected positive political developments or reforms could improve investor confidence, leading to capital inflows and Peso appreciation. Actionable Insights for Investors and Traders For those looking to navigate these turbulent waters, here are some actionable insights: Monitor Mexican Economic Data: Keep a close eye on GDP reports, inflation figures, industrial production, and trade balances. These will be key indicators of whether the outlook is indeed worsening or showing signs of recovery, impacting the USD/MXN forecast . Track Banxico’s Policy: Stay updated on Banxico’s monetary policy decisions and any statements regarding currency intervention. Their actions will directly impact the Peso’s strength. Assess Global Risk Sentiment: The USD often acts as a safe-haven currency. Shifts in global risk appetite (e.g., due to geopolitical events, major economic announcements) can significantly influence the USD/MXN pair. Consider Diversification: For investors with significant exposure to emerging markets, diversifying across different currencies or regions might be a prudent strategy to mitigate risks associated with specific economic downturns. Utilize Risk Management Tools: Employ stop-loss orders and appropriate position sizing to manage potential losses, especially given the increased volatility that might follow such institutional pronouncements in forex market analysis . Conclusion: What Does This Mean for the Future of the Peso? Bank of America’s initiation of a long USD/MXN position is a powerful indicator of mounting concerns over Mexico’s economic outlook . It underscores a belief that the Mexican Peso is likely to face sustained pressure in the coming period. While no forecast is infallible, the depth of analysis from a major financial institution like BofA provides a critical perspective for anyone invested in or trading emerging market currencies. This move highlights the interconnectedness of global finance, where macroeconomic challenges in one nation can trigger strategic shifts among major players, impacting currency markets worldwide. As the situation evolves, market participants will be keenly watching for further data confirming or contradicting BofA’s bold stance. The coming months will undoubtedly be crucial for the Peso, and by extension, for the broader landscape of emerging market currency performance. The implications extend beyond just currency traders; businesses engaged in international trade with Mexico, investors holding Mexican assets, and even individuals receiving remittances will feel the effects of a strengthening dollar against the peso. Staying informed and agile will be paramount in navigating these shifting economic currents, especially when considering the Bank of America USDMXN strategy. To learn more about the latest Forex market trends, explore our article on key developments shaping the US Dollar and Mexican Peso in global liquidity.
The post 4 Coins Under $0.30 in 2025 Poised to Hit $1 Soon: Dogecoin (DOGE) Isn’t the Only Pick appeared first on Coinpedia Fintech News As the crypto supercycle heats up in 2025–26, investors are seeking undervalued coins that could yield substantial returns. Dogecoin ($DOGE) is a popular choice. It trades at $0.17 and has a market cap of $25.5 billion. Analysts expect it to climb to $0.47-$2 due to ETF speculation and community buzz. However, its high market cap prevents parabolic rises from occurring. Four coins that are worth less than $0.30—VeChain ($VET), Little Pepe ($LILPEPE) , Flare ($FLR), and Kaspa ($KAS)—could go up 40 to 100x in value and reach $1 by the end of 2025 or the beginning of 2026. These coins could outperform $DOGE because they feature new technology, real-world applications, and low market capitalizations. Little Pepe ($LILPEPE): The Meme Coin Rocket The meme coin Little Pepe ($LILPEPE) is based on the Ethereum blockchain and is currently worth $0.0013 in its Stage 4 presale. This is like what $SHIB looked like in 2020 before it rose by a million percent. Its Layer 2 blockchain is as fast as Solana’s and as safe as Ethereum’s. The Meme Launchpad creates a “meme factory” for token launches, which surpasses the static paradigm of $DOGE. Anti-sniper bot technology ensures that presales are fair, and 0% buy/sell fees let you maximize your profits. Analysts predict that by the fourth quarter of 2025, the price will be $0.12 (92x), and by 2026, it will be $1 (769x), indicating that the market cap will be between $12 billion and $100 billion. If CEX listings happen in 2025, it might cause a surge, which would make this currency a great one to buy at $1 shortly. VeChain ($VET): Enterprise Blockchain Powerhouse VeChain (VET) is a Layer 1 blockchain that focuses on managing supply chains. It utilizes IoT and distributed ledger technology to support various industries, including food, fashion, and automotive. The price is $0.02, and the market cap is $1.8 billion. Partnerships with BMW, DNV, and Walmart China enable people to use the service, while unique IDs and sensors ensure that the products are genuine. $VET has real-world uses and an 81.29 billion token supply, which supports a $81.29 billion cap at $1. This can be done by integrating the global supply chain. There are risks, including competition and market volatility, but $VET’s fundamentals make it a top choice. Flare ($FLR): Data-Driven Blockchain Innovator Flare ($FLR) is a Layer 1 blockchain designed for data-intensive applications. It has a market cap of $1.15 billion and a price of $0.01. Its State Connector and FTSO protocols allow anyone to access data without having to go through a central server. DeFi and AI use cases are driven by partnerships with Google Cloud and Chainlink, as well as integrations like XRP Ledger. Analysts predict that by the end of 2025, the price will be $ 0.05, and by 2026, it will be $1. This is because Flare has a supply of 476 billion tokens, which means the price could reach $1. $FLR’s usefulness in cross-chain interoperability and data oracles makes it scalable, unlike $DOGE’s hype-driven paradigm. Kaspa (KAS): High-Speed Layer 1 Leader Kaspa ($KAS) is a proof-of-work Layer 1 blockchain that uses the GHOSTDAG protocol to confirm transactions in one second. It has a market cap of $2.06 billion and a price of $0.07. It is faster than Bitcoin’s energy-heavy approach. Analysts expect the price to rise to $0.75-$1.00, with a 350% growth in the last year and a maximum of 28.7 billion tokens. Kaspa’s mining and developer tools are beneficial for the environment, which attracts DeFi and gaming projects. $DOGE, on the other hand, has limited use. Possible Binance listings and a multicolored reward system make things more scarce, but an overbought RSI could mean a drop to $0.15. It can grow, which makes it ready for a breakout above $1. Conclusion Dogecoin ($DOGE) is currently at $0.17, which suggests it may increase by 2.8 to 12 times to $0.47 to $2. However, its market capitalization of $25.5 billion limits significant gains. VeChain ($VET), Little Pepe ($LILPEPE) , Flare ($FLR), and Kaspa ($KAS) are currently worth less than $0.30, but they may be worth $1 by the end of 2025 or the beginning of 2026. They could go up 40 to 769 times. Little Pepe ($LILPEPE)’s Layer 2 and viral hype are at the top of the list, followed by $VET’s enterprise adoption, $FLR’s data utility, and $KAS’s scalability. To get the most out of the supercycle, join the Little Pepe ($LILPEPE) presale at littlepepe.com! For more information about Little Pepe (LILPEPE) visit the links below: Website: https://littlepepe.com Whitepaper: https://littlepepe.com/whitepaper.pdf Telegram: https://t.me/littlepepetoken Twitter/X: https://x.com/littlepepetoken
Bitcoin (BTC) has achieved its sixth straight all-time high in under two days, at a level of $118,668 on July 11, according to figures from crypto.news. The leading cryptocurrency has climbed around 6.8%, following a spectacular breakout above the $110,000 resistance mark. This bullishness began on July 10, when BTC surpassed $113,800 — its second all-time high within 24 hours. The surge has been driven by strong institutional appetite, ongoing spot BTC ETF inflows, and general market optimism. Market conditions are set for BTC’s explosive growth Analysts attribute the current price action to a mix of technical and macroeconomic factors. Expectations of future cuts in U.S. Federal Reserve rates have boosted risk appetite. Meanwhile, strong performance in equity markets has spilled over into crypto. Matrixport’s earlier forecast predicted that there could be a rally to $116,000 and beyond in July — already an attainable goal. Their prediction was based on past seasonally robust summer performance typically experienced with BTC. $120K next? Experts anticipate further upside With technical breakouts steepening and the momentum accelerating, the majority of analysts now anticipate that Bitcoin will reach the $120,000 mark by the end of July. If this resistance level is broken, the next likely target area is the range between $130,000 and $140,000. Despite this bullish backdrop, traders are also watching closely for potential corrections in light of the strength of the recent rally. However, sentiment remains extremely positive due to robust capital inflows and favorable regulatory news.
Aave continues to demonstrate robust growth, driven by increasing stablecoin adoption and a bullish crypto market environment. The platform’s expanding treasury and strategic initiatives are positioning Aave as a dominant
This past week has seen U.S. crypto policy thrust back into the spotlight — but not just in the legislative chambers. A political feud between two of the most influential names in tech and governance — Donald Trump and Elon Musk — spilled out onto social media, while regulatory milestones unfolded in the Senate and Treasury Department. The conflicting headlines reflect a reality that the crypto sector knows all too well: when it comes to digital asset policy in the United States, clarity remains elusive. Trump Slams Musk Amid New Political Party Formation U.S. President Donald Trump’s war of words with Elon Musk took a sharp turn this week, as the president publicly criticized Musk over the formation of a new political party. U.S. President Donald Trump called tech billionaire Elon Musk a "train wreck" in a social media post on Sunday. #DonaldTrump #ElonMusk https://t.co/aDoUhWXSVR — Cryptonews.com (@cryptonews) July 7, 2025 On July 6, Trump lashed out on Truth Social, calling Musk a “train wreck” who had gone “off the rails” over the past five weeks. This response followed Musk’s July 5 post on X (formerly Twitter) announcing the launch of the “America Party.” Trump, a long-time critic of third-party movements, said Musk’s efforts would lead only to “disruption and chaos,” arguing such ventures have never succeeded in the U.S. political landscape. The clash marks an escalation in what appears to be a growing political and ideological rift between two powerful figures with vested interests in the future of technology, freedom of speech, and digital assets. Trump also took aim at the Democratic Party, accusing them of losing both their “confidence and their minds” in the ongoing cultural and financial shifts, particularly regarding crypto policy. Digital Assets Are Not Going Away, Senator Tim Scott Says Meanwhile, constructive progress on crypto regulation was unfolding in Washington. Senate Banking Committee Chairman Tim Scott (R-SC) led a July 9 hearing titled “From Wall Street to Web3” —the Senate’s first full committee hearing focused on digital assets. In his opening remarks, Scott stressed that blockchain technology and digital assets are here to stay. He urged fellow lawmakers to build a robust and balanced regulatory framework that protects investors while allowing innovation to thrive. Senator Tim Scott told his fellow U.S. lawmakers that digital assets are not going away in a committee hearing on Wednesday. #TimScott #Senate https://t.co/8Akk1p8zrs — Cryptonews.com (@cryptonews) July 10, 2025 Scott’s comments were supported by testimony from Ripple CEO Brad Garlinghouse, Blockchain Association’s Summer Mersinger, and Chainalysis co-founder Jonathan Levin. He stressed the need for America to maintain a leadership role in shaping the future of digital finance, rather than ceding influence to jurisdictions like the UAE and Singapore. The hearing highlighted bipartisan acknowledgment that digital asset markets require clearer regulatory guidance, even as lawmakers differ on the methods of implementation. US Treasury Officially Scraps Crypto Broker Reporting Rules In a move for DeFi advocates, the U.S. Treasury Department has officially repealed a controversial broker reporting rule. The regulation, originally introduced under the Biden administration in late 2024, sought to impose broker-level reporting requirements on entities involved in decentralized finance and crypto infrastructure. However, following a successful challenge under the Congressional Review Act—and a signature from President Trump—the rule has now been nullified. The scrapped rule, titled “Gross Proceeds Reporting by Brokers,” would have gone into effect in February 2025 and required extensive data collection from DeFi platforms. Its repeal has been welcomed by industry groups, who saw the rule as overly broad and detrimental to innovation. The Treasury will now revert to pre-2024 guidance, which exempts validators and wallet providers from broker classification, marking a key policy win for decentralized systems. US Banking Regulator OCC Gets New Chief with Crypto Roots Finally, regulatory leadership is taking a crypto-savvy turn. Jonathan Gould, a former Bitfury executive with deep experience in blockchain and financial policy, has been confirmed as the new head of the Office of the Comptroller of the Currency (OCC). Approved by a 50-45 Senate vote, Gould becomes the OCC’s first permanent chief since 2020. Gould’s appointment shows a potential shift in how the U.S. banking regulator approaches digital asset oversight. During his prior tenure at the OCC under the Trump administration, Gould helped shape key positions on fintech and crypto integration in banking. With his return, stakeholders hope the agency will adopt a more innovation-forward stance—especially as traditional banks explore blockchain-based products such as tokenized deposits and on-chain settlement rails. Together, this week’s events reflect the growing entanglement between crypto, regulation, and politics. Whether through partisan clashes or bipartisan hearings, the evolution of U.S. digital asset policy is entering a more complex and consequential phase. The post Weekly Crypto Regulation Roundup: Trump Slams Musk, Tim Scott Backs Blockchain, and Broker Rule Gets Buried appeared first on Cryptonews .
Bitcoin, Ethereum, and XRP are rallying on Friday. The top three cryptocurrencies are climbing higher as BTC enters price discovery and the $130,000 target comes into play. With institutional investors accumulating the largest crypto and rising capital inflows, further gains in the top three cryptos are likely. Traders and investors sitting on the sidelines could find it useful to open long positions in the top three cryptos. Derivatives market data shows that options traders are bullish and expect further gains in risk assets as the cloud of tariff uncertainty is cleared. Table of Contents Bitcoin hits new all-time high, $130K in sight Ethereum and XRP price rally Top 3 cryptos on-chain analysis Trump effect on Bitcoin, Ethereum and XRP Expert commentary Bitcoin hits new all-time high, $130K in sight Bitcoin ( BTC ) hit a new all-time high on Wednesday, July 9, in what appeared to be a retest of the peak at $111,980. The largest cryptocurrency has entered price discovery since then, inching closer to the $120,000 level. The next target is the 127.20% Fibonacci retracement level of the rally from the April low of $74,508 to the July all-time high of $118,869. Bitcoin is currently trading 11% away from the target of $130,935. BTC/USDT daily price chart | Source: Crypto.news A key momentum indicator, the MACD, flashes green histogram bars above the neutral line, indicating underlying positive momentum in Bitcoin’s price trend. The RSI shows BTC is currently overvalued; traders should watch the indicator closely for a trend reversal. If RSI slips back under 70, it could generate a sell signal. You might also like: Bitcoin bull run wrecks shorts in historic liquidation Ethereum and XRP price rally Ethereum ( ETH ) and Ripple ( XRP) are rallying alongside Bitcoin. The top two altcoins kicked off a bull run in response to Bitcoin’s break above the May 22 peak of $111,980. Ethereum rallied past the psychologically important resistance at $3,000 on Friday. XRP climbed to a peak of $2.70 on July 11, the highest level for the altcoin in nearly four months. Ethereum and XRP enjoy a relatively high correlation with BTC, catalyzing gains in Ether and XRP alongside Bitcoin. Ethereum’s next target is the $3,500 level, above the resistance at $3,478, the 23.6% Fibonacci retracement of the drop from the December 2024 peak of $4,122 to the April low of $1,391. Ether is currently 17% under its $3,500 target and consistent demand from institutional traders could drive the altcoin higher. ETH/USDT daily price chart | Source: Crypto.news XRP is trading above key resistance at $2.70, at $2.77 at the time of writing. The native token of the XRP Ledger could continue its upward momentum, as the momentum indicators on the daily timeframe are bullish. Rallying consecutively for six days, XRP has yielded over 20% gains for holders. You might also like: XRP, BTC rise together; Investors flock to APT Miner to seek stable returns Top 3 cryptos on-chain analysis The network realized profit/loss metric helps track whether traders are taking profits. Bitcoin traders are consistently taking more profits on their holdings as BTC rallies higher. Ether recorded a large spike in profit-taking, and XRP traders are taking profits at a slower pace compared to June 2025, as seen on Santiment. Bitcoin, Ethereum and XRP network realized profit/loss | Source: Santiment Bitcoin has recorded a decrease in the number of holders, while Ethereum and XRP have noted an increase in 2025, as seen on Santiment. The decrease in Bitcoin’s holders corresponds to the increase in price, meaning traders are likely redistributing their holdings, while large wallet holders and institutions are accumulating further. Bitcoin, Ethereum and XRP total number of holders | Source: Santiment Bitcoin’s retail traders holding less than 1 BTC have shed their holdings, while traders with 10 to 100 and 100 to 1,000 BTC have increased their exposure. BTC whales are scooping up more Bitcoin, while small wallet investors and retail traders distribute their holdings. Bitcoin supply distribution | Source: Santiment Trump effect on Bitcoin, Ethereum and XRP Trump administration officials had initially suggested that the U.S. would strike several deals with trade partners by Wednesday, July 9. However, instead of announcements, the President set new rates for different countries while delaying the imposition of tariffs until August 1, the next key date for crypto traders to watch. Japan, South Korea, and several other nations face at least 25% tariffs starting from August; Brazil faces 50% tariffs, among others. The country has warned of reciprocal tariffs, with no further measures for now. The U.S. is imposing 35% tariffs on Canada, starting August 1. Southeast Asian countries face between 30% and 40% tariffs. Stock markets responded positively to the news and the Trump effect pushed Bitcoin to a new peak. Expert commentary Petr Kozyakov, co-founder and CEO at Mercuryo, told Crypto.news in an exclusive interview: “Bitcoin has surged past $118,000 to a new all-time high amid sustained institutional demand for the biggest cryptocurrency, which has been such a driving force in this current market cycle. While altcoins are also in the green with Ethereum spiking past the $3,000 mark, the underlying ‘orange pill’ narrative remains steadfastly in place. Bitcoin’s growing status as a store of value is one that more and more big players and institutions are simply unable to ignore. This is evidenced by sustained inflows into spot bitcoin ETFs this week.” Nick Jones, founder and CEO of Zumo, added: “With Bitcoin setting a fresh record high, the market is booming. The rise is underpinned by increasing institutional adoption and resurgent retail demand, reflecting confidence that crypto has arrived in the mainstream and is now reshaping finance.”