XRP is on the verge of breaking through the critical $2.33 resistance, signaling potential momentum toward the $2.60 Fibonacci target amid rising trading volumes. The surge in daily volume by
On July 7, reporter Eleanor Terrett confirmed that the House Appropriations Committee’s Oversight Subcommittee hearing on establishing the United States as a global cryptocurrency hub has been postponed due to
BRICS is accelerating plans to ditch the dollar in favor of national currencies, as Brazil’s Ambassador to India clarifies direction on a unified currency and signals sweeping financial shifts. Senior Brazilian Diplomat Addresses BRICS Currency Outlook Ahead of 2025 Summit Growing momentum among emerging economies to reduce reliance on the U.S. dollar has led to
Bitcoin price started a fresh increase above the $108,500 zone. BTC is now consolidating and might aim for more gains above the $110,000 resistance. Bitcoin started a fresh increase above the $108,500 zone. The price is trading above $108,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $109,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $108,350 zone. Bitcoin Price Eyes More Gains Bitcoin price started a fresh increase after it settled above the $107,500 resistance. BTC cleared many hurdles near $108,000 to start a decent increase. The bulls pushed the price in a positive zone above the $108,500 level. The price gained pace for a move above the 50% Fib retracement level of the downward move from the $110,515 swing high to the $107,299 low. Besides, there was a break above a key bearish trend line with resistance at $109,350 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $108,500 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $109,750 level. It is close to the 76.4% Fib retracement level of the downward move from the $110,515 swing high to the $107,299 low. The first key resistance is near the $110,000 level. A close above the $110,000 resistance might send the price further higher. In the stated case, the price could rise and test the $112,000 resistance level. Any more gains might send the price toward the $113,200 level. The main target could be $115,000. Downside Correction In BTC? If Bitcoin fails to rise above the $110,000 resistance zone, it could start another decline. Immediate support is near the $108,800 level. The first major support is near the $108,350 level. The next support is now near the $107,250 zone. Any more losses might send the price toward the $106,400 support in the near term. The main support sits at $105,000, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $108,800, followed by $108,350. Major Resistance Levels – $110,000 and $110,500.
TRUMP: ANY COUNTRY ALINGED WITH BRICS POLICIES WILL BE CHARGED AN ADDITIONAL 10% TARIFF WITH NO EXCEPTIONS: TRUTH
The scheduled hearing on the crypto tax framework by the U.S. House of Representatives has been postponed following the recent congressional adjournment. This delay introduces uncertainty regarding the timeline for
Hyper, recognized as the leading entity with the highest win rate in the crypto trading arena, has strategically expanded its BTC long positions. The firm has augmented its holdings by
Strategy and Metaplanet have intensified their Bitcoin accumulation efforts, highlighted by a viral gaming-themed showdown between their CEOs, Michael Saylor and Simon Gerovich. Both firms disclosed substantial Bitcoin purchases exceeding
Elon Musk has declared that the America Party, his new political vehicle, will fully support Bitcoin, saying on X that: “Fiat is hopeless.” This follows the official launch of the America Party two days ago, which came after yet another public escalation of his fight with former best friend President Donald Trump. Saturday night on Truth Social, Trump called Elon a train wreck and said it makes him sad that he is embarrassing himself publicly. Elon had accused Trump of abandoning the center and posted a poll asking his followers if he should form a new party to represent “the 80 percent in the middle.” When the poll closed, about 80% voted yes. So he went ahead and launched it unofficially… at least for now. Elon targets Republican defectors after bill passes Before the announcement, other players tried to pull Elon into their projects. Andrew Yang, speaking to Politico Magazine, said he had wanted to form a political party with Elon or get his support for the Forward Party. Elon had endorsed Yang’s presidential run back in 2020, but no deal was made. Steven Nekhaila, chair of the Libertarian National Committee, also reached out last week, but Elon still didn’t engage. Instead, Elon stayed focused on the One Big Beautiful Bill Act, the same bill that triggered his split from Trump. As the bill neared a vote in the Senate, Elon promised that if it passed, he would not only move forward with forming the America Party, but also back primary challenges against Republican lawmakers who voted in favor of it. When the bill passed the House of Representatives on July 3, he followed through. He dropped another poll on X, then revealed a loose electoral strategy, blasting both major parties as a single “uniparty” failing to offer real policy differences. Despite Elon’s massive personal fortune, pushing the America Party into the national conversation won’t be easy. The Washington Post pointed out that Elon failed to influence the 2025 Wisconsin Supreme Court election, and his work at the Department of Government Efficiency has damaged his reputation in some circles. Getting ballot access in all states will be a massive legal grind. Public support for him has also dipped, adding more uncertainty to the project. Adding to the complications, Elon was born in South Africa, which makes him constitutionally ineligible to run for the US presidency. He hasn’t said who will lead the America Party or what its internal structure will look like. As of now, it’s just Elon, Bitcoin, and an audience of people tired of choosing between two parties he no longer wants anything to do with. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
TikTok is building a new version of its app for users in the United States called “M2” before a scheduled sale to a group of investors, according to information reported on Sunday, July 6. This came after US President Donald Trump said on Friday, July 4, that he plans to speak with China on Monday or Tuesday this week about a potential TikTok agreement . He mentioned that the United States almost agreed to sell the TikTok short-video app. TikTok suspended its deal with the US amid Trump’s tariff policies imposed on China Earlier this year, an agreement was made that involved the creation of a new company in the US to handle TikTok’s operations in America. Moreover, American investors would be the majority owners and have access to the short video app. According to reports from reliable sources, TikTok formulated a strategy to introduce the new app to the United States app stores as early as September 5. This followed Trump’s extension of the sales of the US operations of TikTok last month until a deadline of September 17 for China’s ByteDance. TikTok users will eventually need to download the new app to continue using the service, though the current app will be functional until March of next year. The report added that this timeline could shift. This new app has piqued the interest of the searchers. Some are curious about whether their followers and posts will transfer over immediately or later or if they should start from scratch once they get to the new accounts. Others ask why it is called “M2” along with other questions . As for the TikTok deal, Trump said he anticipates “starting a dialogue” with China on Monday or Tuesday, perhaps with President Xi or a representative. They were very close to a deal, he said. However, TikTok suspended this deal after China said it would not finalize the agreement in light of Trump’s declaration of heavy tariffs on Chinese goods. In response, Trump mentioned that the United States would likely need to get a deal approved by China. TikTok did not immediately respond to a request for comment. When asked about his confidence in China’s willingness to agree, Trump responded that he was not completely sure, but anticipated they would. Based on his argument, President Xi and he have a strong relationship; therefore, he believed this deal would benefit both countries. Trump relaxed export controls on China, creating room for a bigger deal Time has expired for some of the United States’ trading partners seeking to strike deals before President Trump’s July 9 deadline for tariffs to return to the higher levels originally suggested. Trump said that letters will start going out to countries to inform them of the tariff rates they will encounter when exporting to the US, which will take force on August 1. Others of like character will succeed in the first 10 or 12 letters sent. Following the deadline, Trump mentioned they will have complete coverage by the ninth. He further stated that the tariffs will vary, some around 60% or 70%, while others at 10% or 20%. In the meantime, the Trump team has concentrated on securing trade deals, though it has been able to nail only three deals so far. Scott Bessent, a United States Secretary of the Treasury, indicated that about 100 partners are on the hook for a minimum “reciprocal rate” of 10% as soon as this week and has said he is expecting a “flurry” of deals to get done between now and the deadline. For China’s case, the United States has relaxed export controls on China for chip design software and ethane, further indicating that trade tensions are easing between the two countries after they reached an agreement in May on a plan to work towards a bigger deal. This Restrictions had been put in place only weeks ago. As a result of the relaxed export controls in China, software companies like Synopsys and Cadence said they would resume selling their tools for designing chips to Chinese customers. This positive outlook signals that Trump might strike a deal with China concerning the sales of TikTok’s US operations. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites