The crypto market is witnessing early signs of a brewing altcoin season. Ether (ETH) has been outperforming bitcoin (BTC), a sign that investors are beginning to rotate capital from the latter to the former. According to a weekly CryptoQuant report , a continuation of the current market trend could lead to a full-blown altseason, where bitcoin stalls and altcoins take off, raking in massive gains for investors. Investors Rotate capital to Altcoins For most of this bull cycle, ETH has underperformed against BTC. However, the situation has reversed. The relative price of ETH to BTC has surged from 0.018 to 0.031, reaching its highest level since January 24. The shift in ETH performance started after the ETH/BTC Market Value to Realized Value (MVRV) ratio fell into the extremely undervalued territory in April. This ratio has acted as resistance since early 2023. ETH has now recovered and outperformed BTC by 72%. CryptoQuant analysts suggest that the ratio could rise further if it surpasses its 365-day moving average, with ETH potentially outperforming BTC even more. With ETH receiving more capital now, the asset’s spot trading volume is exceeding that of bitcoin’s. For the first time in more than a year, the weekly spot trading volume for ETH surpassed that of bitcoin. ETH recorded $25.7 billion last week, while BTC saw $24.4 billion within the same period. Analysts revealed that this is the first time since June 2024 that ether’s weekly spot trading volume has exceeded bitcoin’s. This means the ETH/BTC trading ratio is above 1. Overall altcoin trading volume has increased to the highest level since March. This metric totaled $67 billion on July 17, a figure the market has not seen since March 2. The growth indicates a renewed interest in altcoins among investors. ETH Sees Less Selling Pressure Than BTC Furthermore, crypto investors are injecting more capital into U.S. spot Ethereum exchange-traded funds (ETFs) compared to their Bitcoin counterparts. Ethereum ETF allocations are growing faster than Bitcoin’s, as seen in the ETH/BTC ETF Holding Ratio climbing from 0.05 to 0.12. Meanwhile, the ETH/BTC exchange inflow ratio, which measures selling pressure for the two assets, declined in May to its lowest level since 2020. The drop signaled that ETH was facing much lower selling pressure than BTC. Although the ratio has increased since then, it is still far from extremely high levels, which is a bullish signal – ETH could continue to outperform BTC. The post Bitcoin Takes a Backseat as Investors Rotate Capital to ETH and Altcoins: CryptoQuant appeared first on CryptoPotato .
Bitcoin ( BTC ) could still reach the $130,000 mark, with the Market Value to Realized Value (MVRV) Extreme Deviation Pricing Bands highlighting a crucial range to watch for this milestone. According to on-chain analytics platform Glassnode , the metric suggests that as long as Bitcoin holds above the $110,000 support level, there is room for a renewed push toward an all-time high. Currently trading around $118,000, Bitcoin remains in a zone of growing optimism, but it has not yet reached the euphoric levels typically seen near market tops. Bitcoin MVRV pricing bands. Source: Glassnode The MVRV model, which compares Bitcoin’s current price to the average price at which coins were last moved, helps gauge whether the asset is overvalued or undervalued. Since early 2023, Bitcoin has steadily climbed, typically gaining momentum after clearing major technical levels. The asset is now approaching a historical zone that has often preceded previous peaks. To break above $130,000, Bitcoin must maintain its position above $110,000, now considered a key support level. Holding this level could pave the way for further upside, while a drop below it may delay a breakout. Bitcoin yet to hit euphoric levels At the same time, on-chain analyst Ali Martinez noted on July 26 that Bitcoin’s current rally still has room to run. He pointed out that while the asset has climbed to around $120,000, capital inflows into the broader crypto market remain relatively modest, suggesting investor sentiment hasn’t yet overheated. Cryptocurrency market aggregate market realized value chart. Source: Glassnode Martinez, citing Glassnode data, highlighted that aggregate inflows stand at roughly $82 billion, well below the $135 billion seen in December 2024, when Bitcoin was trading near $96,000. This divergence implies that, despite rising prices, ‘there’s still room to grow before we reach peak euphoria’. Bitcoin price analysis As of press time, Bitcoin was consolidating at $118,318, up 0.8% on the day but down 0.13% over the past week. Bitcoin seven-day price chart. Source: Finbold Meanwhile, technical indicators support the possibility of continued strength. For instance, Bitcoin is trading well above its 50-day simple moving average ( SMA ) of $110,580 and 200-day SMA of $90,392, both signs of a sustained uptrend. On the other hand, the 14-day Relative Strength Index ( RSI ) stands at 60.43, indicating bullish momentum without signaling overbought conditions. Featured image via Shutterstock. The post Here’s the key level Bitcoin must hold to claim $130,000 as ‘peak euphoria’ looms appeared first on Finbold .
Windtree Therapeutics (WINT), a biotech firm listed on Nasdaq, has recently made headlines by venturing into the cryptocurrency space, particularly focusing on Binance Coin (BNB). Just over a week after raising $60 million, the company announced a substantial partnership with Build and Build Corporation, unveiling a $200 million securities purchase agreement aimed at establishing a dedicated BNB treasury. In a surprising turn of events just six days later, the firm disclosed a strategic partnership with Kraken, which will reportedly provide services such as custody, trading, and over-the-counter (OTC) solutions for Windtree’s newly formed BNB treasury strategy. Windtree Therapeutics Partners With Kraken According to the announcement, the biotech firm and the US-based cryptocurrency exchange have signed a term sheet that will be formalized into a definitive agreement pending shareholder approval of Windtree’s securities purchase agreement. This partnership is said to open the door for potential future subscriptions of up to $140 million, led by Build and Build Corporation, further solidifying Windtree’s dive into the cryptocurrency ecosystem. Related Reading: Is $1 Dogecoin ‚Inevitable‘? Analyst Cites Perfect Storm Of Factors By aligning with Kraken, Windtree aims to leverage the exchange’s security, liquidity, and expertise in digital asset management. Notably, Windtree distinguishes itself as the first Nasdaq-listed company to offer direct exposure to the BNB token, which ranks as the fifth-largest digital asset by market capitalization, exceeding $100 billion. Kraken’s infrastructure is expected to play a vital role in ensuring the secure custody and efficient trading of BNB assets. The exchange’s over-the-counter desk will facilitate transactions related to Windtree’s Binance Coin treasury strategy. The Key To Windtree’s BNB Strategy Success Jed Latkin, Chief Executive Officer of Windtree, expressed enthusiasm about the partnership, stating: We are excited to partner with Kraken, a trusted leader in the cryptocurrency industry, to support our groundbreaking BNB strategy. Kraken’s expertise and secure platform will strengthen our ability to deliver unparalleled exposure to the Binance ecosystem, creating significant value for our shareholders. Related Reading: Crypto Founder Reveals What Will Drive Ethereum Price To $10,000 David Olsson, Global Head of Institutional Client Solutions at Kraken, echoed this sentiment, emphasizing the exchange’s commitment to expanding access to BNB and the Binance Smart Chain. “Our deep liquidity and industry-leading security infrastructure allow us to deliver bespoke solutions tailored to the needs of corporate treasury teams,” he added. “With qualified custody, a leading staking platform, and seamless OTC execution, we’re well-positioned to support Windtree as they execute their digital asset strategy with confidence and precision.” As of this writing, Binance Coin is trading at $782, marking a 20% surge over the past month. This makes it one of the top performers among the ten largest cryptocurrencies in the market over this period. Yet, the token has a 3% gap from its record high of $809. Featured image from DALL-E, chart from TradingView.com
Under a recently passed law, the Nigerian Securities and Exchange Commission’s expanded mandate now includes regulating virtual assets, cryptocurrencies, and tokens as securities. Nigeria’s Landmark Digital Asset Legislation Nigeria is positioning itself at the forefront of digital asset regulation in Africa with the recently passed Investments and Securities Act (ISA 2025). This landmark legislation, according
Ethereum (ETH)’s journey from a pioneering smart contract platform to the cornerstone of decentralized finance has set a high bar in the crypto world. It became the bedrock on which thousands of projects have been built, thanks to its robust smart contract capabilities. Now, Mutuum Finance (MUTM) is preparing to follow a similar path but…
A special CBI court has denied an Indian student bail after he was remanded in connection to a Rs. 3.81 crore (approximately $457,000) crypto fraud case. According to reports, 23-year-old Shaurya Singh was remanded by the court due to the rampant nature of crypto fraud cases in the country. Over the last few months, the issue of crypto-related fraud and scam cases has been on the rise in India. Criminals are stopping at nothing to ensure they rid unsuspecting victims of their hard-earned funds. These criminal activities are carried out in various methods, including through direct scams, romance scams that turn to investments, and pig-butchering scams, which require people to pay for an investment and bring others before they can recoup their returns from the investment. Indian authorities dock student in connection to crypto fraud case According to authorities, the suspect, Shaurya Singh, is a first-year student studying for his Bachelor of Computer Applications in a school located in Nagapur. The Indian student was arrested in July, after authorities brought him in on charges of assisting another suspect, Sudhir Palande. Authorities claimed that the student had been helping Palande and other accused by transporting what they called “kits.” The kits in this case are things like cheque books, SIM cards, and ATM cards, basically all the tools required to carry out their cybercrime operations. He was also accused of using his bank account to carry out payments for Palande and the others, with most of the payments made for hotels, food, and other things. Singh was also accused of operating a COINCDX account, renting it out to the group. This is also the same account that is being used to pay him for his services. Authorities claimed that the crypto account is connected to his bank account, and he has received at least 500 USDT from the group. The FIR in this case was filed against S.P. Cargo and Courier Services Private Ltd and its director, Sudhir Palande, alongside other unknown co-conspirators. Criminal activities in Southeast Asia are on the rise This case supports concerns about rising crypto-related crime in Southeast Asia. According to a recent report, Cambodia apprehended more than 3,000 individuals connected to a big cybercrime syndicate. The news of the arrest prompted the Indian Enforcement Directorate (ED) to launch an investigation into the cross-border digital crime network. In this case, the criminals recruit individuals under the guise of giving them a job in other locations. Instead, they are trafficked to Cambodia and Laos, where they are forced to carry out different digital scams to avoid being captured. One of the victims said the criminals use many technologies to evade arrest, funneling their ill-gotten funds into several digital assets before sending them out of the country. The ED mentioned that it is also looking into a fraud network that has stolen at least $19 million from several victims in the country. While the agency has been able to claw back about $360,000 from several bank accounts, it remains to be seen what unravels. Meanwhile, the ED said it has arrested about eight individuals linked to several digital crimes in the country. Some of them aid criminals by creating shell companies, while others help by laundering criminal proceeds. While there is presently no connection between the ongoing high-profile cases in the country and that of Singh, authorities are determined to use the full power of the law against all offenders. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Bitcoin Cash (BCH) extended its recent rally on Sunday, rising 5.25% to $583.64 as of 08:54 GMT, according to CoinDesk data. The token has now gained 10.5% over the past week, 15.7% over the last two weeks and 17.3% over the past 30 days. Sunday’s breakout has caught the attention of several technical analysts, who flagged bullish signs in both price action and trading structure. Analyst “CW” noted that BCH is “breaking through the sell wall” — a term traders use to describe a heavy concentration of sell orders at a specific price level. When price breaks through such a wall, it often signals that buyers are absorbing that supply and that upward momentum could accelerate. CW pointed to $620 as the next potential target if this breakout holds. Another analyst, “Ultimae GL,” focused on the long-term chart, observing that BCH had cleared a resistance level that had held for an extended period. Long-term resistance typically refers to a price ceiling that has rejected upward moves on multiple occasions. When that barrier is broken, it may signal the beginning of a new upward trend. Ultimae GL cautioned that traders might want to wait for a “decisive breakout” — which usually means a strong daily close above the resistance — before entering, but still projected that BCH could climb as high as $680 in the near future. A third analyst, “XForceGlobal,” described the current price structure as highly bullish. They noted that BCH has stayed above its so-called “base trendline” for about a month. A base trendline is a diagonal line connecting the series of higher lows in an uptrend, and continued price movement above it suggests that buyers are consistently stepping in at higher prices—another sign of building strength. The analyst described the rally as “not just good news,” but “fantastic,” given the sustained buying activity. Bitcoin Cash, a fork of bitcoin that launched in 2017, is designed to serve as a peer-to-peer digital currency with faster, cheaper transactions. Its recent upward trajectory, combined with accelerating volume and bullish chart setups, has renewed interest from both retail and technical traders. Technical Analysis Highlights According to CoinDesk Research's technical analysis data model, BCH gained 5.62% in the 24-hour period from July 26 at 09:00 UTC to July 27 at 08:00 UTC, rallying from $554.54 to $584.66 within a $33.61 intraday range. Two major volume spikes occurred at 01:00 and 06:00 UTC on July 27, with volume peaking at 80,230 and 120,748 units, respectively. Support zones have emerged at $556–$558 and $568–$570 following consolidation; short-term resistance is established near $585. In the final trading hour, BCH rose an additional 0.46%, reaching an intraday high of $584.95. Fresh support formed at $583–$584, suggesting ongoing bullish momentum. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .
Solana Price Prediction searches are off the charts as investors ponder how much $1,000 in Solana (SOL) today may return by 2027. But whereas the blockchain remains king of the smart contract universe, a new project called Remittix (RTX) is also stirring for different reasons. With over $17.3 million already raised during its presale, RTX…
There are roughly the same odds of ETH reaching $10,000 and failing to reach $4,000 this year
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