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.”
In the dynamic world of financial markets, understanding macro-economic shifts is paramount, not just for traditional investors but also for the savvy cryptocurrency enthusiast looking to diversify and hedge against volatility. While your primary focus might be on Bitcoin or Ethereum, insights from major financial institutions like Bank of America often provide crucial indicators of broader market sentiment and potential opportunities. Their recent recommendation to buy AUD/USD , based on an optimistic China growth outlook , presents a compelling case for those monitoring global currency movements and seeking to understand the interconnectedness of various asset classes. Why is AUD/USD a Key Currency Pair for Global Investors? The AUD/USD currency pair represents the exchange rate between the Australian Dollar (AUD) and the United States Dollar (USD). Why is this particular pair so significant? The Australian Dollar is often considered a ‘commodity currency’ due to Australia’s vast natural resources, particularly iron ore, coal, and agricultural products. As a major exporter of these commodities, Australia’s economy is heavily influenced by global demand and, crucially, by the economic health of its largest trading partner: China. Commodity Link: A strong Chinese economy typically translates to higher demand for Australian commodities, boosting the AUD. Interest Rate Differentials: The monetary policies of the Reserve Bank of Australia (RBA) and the US Federal Reserve (Fed) play a critical role, with interest rate differentials impacting carry trades. Global Risk Sentiment: The AUD can also act as a proxy for global risk appetite; it tends to strengthen when investors are optimistic and weaken during times of uncertainty. For investors, monitoring the AUD/USD provides insights into global trade dynamics, commodity price trends, and the relative strength of two major economies. It’s a barometer for the broader risk-on/risk-off sentiment in the market, making it an essential component of any comprehensive market analysis. The China Growth Outlook : Driving BofA’s Optimistic Forecast The core of Bank of America’s recommendation hinges on a robust China growth outlook . After a period of economic headwinds, including strict pandemic measures and property sector challenges, signs of a rebound in the Chinese economy are becoming increasingly evident. This resurgence is not just about numbers; it reflects a fundamental shift in economic policy and consumer confidence. What specific factors are contributing to this positive outlook? Policy Support: Beijing has rolled out various stimulus measures aimed at boosting domestic demand and stabilizing key sectors, particularly the property market. These include infrastructure spending and targeted support for businesses. Consumer Rebound: As pandemic restrictions ease, consumer spending is showing signs of recovery. Retail sales, travel, and entertainment sectors are experiencing renewed activity, indicating a return to normalcy. Industrial Production: China’s vast manufacturing sector continues to be a global powerhouse. Improved global supply chains and a gradual increase in export demand are supporting industrial output. Trade Dynamics: Despite geopolitical tensions, China’s trade balance remains strong, driven by resilient export performance and strategic imports of raw materials. A stronger Chinese economy directly translates into increased demand for raw materials from Australia, which in turn strengthens the Australian Dollar. This direct correlation is a primary reason why Bank of America sees a compelling investment case for the AUD/USD pair. Decoding Bank of America ‘s Strategic Recommendation and New Target When a major financial institution like Bank of America issues a ‘buy’ recommendation, it signals a significant shift in their analytical perspective. Their call to buy AUD/USD is not a casual suggestion but a carefully considered position based on extensive research and proprietary models. BofA’s analysts are known for their in-depth macro-economic analysis, and their latest forecast for this currency pair reflects a conviction in the underlying economic fundamentals. Their analysis typically involves: Fundamental Analysis: Assessing economic data points such as GDP growth, inflation rates, employment figures, and trade balances for both Australia and China. Monetary Policy Expectations: Forecasting interest rate decisions by the RBA and the Fed, and how these differentials might impact capital flows. Technical Analysis: Identifying key support and resistance levels, trend lines, and chart patterns to determine optimal entry and exit points for the trade. While the specific target price might fluctuate based on market conditions, BofA’s recommendation suggests a significant upside potential from current levels. This kind of institutional endorsement often provides a strong signal for other market participants, potentially leading to increased buying pressure and a self-fulfilling prophecy in the short to medium term. Navigating Forex Trading : Actionable Insights for the AUD/USD Opportunity For those considering engaging in forex trading based on Bank of America’s insights, it is crucial to approach the market with a well-defined strategy. While the recommendation provides a directional bias, successful trading requires careful execution and risk management. Here are some actionable insights: Developing Your Trading Strategy Before diving in, consider your risk tolerance and investment horizon. Are you looking for a short-term swing trade or a longer-term position based on fundamental shifts? Entry Points: Dip Buying: Look for pullbacks in the AUD/USD pair towards key support levels, which could offer more favorable entry points. Confirmation Signals: Wait for technical confirmation, such as a breakout above a resistance level or a bullish candlestick pattern, before entering a trade. Risk Management: Stop-Loss Orders: Always place a stop-loss order to limit potential losses if the market moves against your position. This is non-negotiable in forex trading. Position Sizing: Determine an appropriate position size that aligns with your overall portfolio risk. Do not over-leverage, especially in volatile markets. Diversification: While AUD/USD offers an opportunity, ensure it’s part of a diversified portfolio that includes other asset classes, potentially even cryptocurrencies, to spread risk. Monitoring Key Indicators Keep a close eye on: Chinese Economic Data: Industrial production, retail sales, PMI figures. Australian Economic Data: Inflation, employment, RBA statements. US Economic Data: Inflation (CPI), jobs reports (NFP), Fed statements. Commodity Prices: Especially iron ore and other industrial metals. Remember, even strong recommendations from major banks are not guarantees. Market conditions can change rapidly, and unforeseen events can impact currency movements. Understanding the Dynamics of This Currency Pair : Risks and Rewards While the outlook for the currency pair AUD/USD appears promising, it is essential to acknowledge the potential risks alongside the rewards. No investment is without its challenges, and currency markets are particularly susceptible to global events and policy shifts. Potential Challenges and Risks Global Economic Slowdown: A broader global recession could dampen demand for commodities, negatively impacting the AUD regardless of China’s performance. China’s Property Sector: While showing signs of stabilization, the long-term health of China’s vast property market remains a concern that could spill over into the broader economy. RBA and Fed Policy Divergence: Unexpected shifts in interest rate policy by either the RBA or the Fed could alter the attractiveness of the AUD/USD pair. For instance, a more hawkish Fed could strengthen the USD, putting downward pressure on the pair. Geopolitical Tensions: Escalation of trade disputes or geopolitical conflicts involving China could disrupt trade flows and impact investor sentiment. Commodity Price Volatility: Sudden drops in key commodity prices (e.g., iron ore) could weaken the AUD. The Upside Potential Despite these risks, the reward potential is significant if Bank of America’s forecast holds true: Stronger Chinese Demand: A sustained and robust recovery in China will directly boost Australian exports and, consequently, the AUD. Positive Carry Trade: If the RBA maintains a relatively higher interest rate compared to the Fed, it could make holding AUD more attractive. Diversification Benefit: For crypto investors, a strong AUD/USD trade can offer a valuable diversification tool, allowing for gains in a less volatile traditional market while waiting for crypto opportunities. The balance between these risks and rewards is what defines the opportunity. Diligent monitoring and adaptive strategies are key to navigating this currency pair successfully. Conclusion: Seizing the Strategic Opportunity in AUD/USD Bank of America’s recommendation to buy AUD/USD is a significant development for anyone tracking global financial markets. It underscores the profound impact of the China growth outlook on the Australian economy and, by extension, on the relative strength of its currency against the US Dollar. For those involved in forex trading , this presents a compelling case for a strategic position, offering an opportunity to capitalize on anticipated economic tailwinds. While the analysis from a major institution like Bank of America provides a strong foundation, successful engagement with this currency pair demands a thorough understanding of market dynamics, diligent risk management, and continuous monitoring of both fundamental and technical indicators. As the global economy continues to evolve, keeping an eye on these interconnected trends will be crucial for identifying and seizing profitable opportunities across various asset classes. To learn more about the latest Forex market trends, explore our article on key developments shaping currency pair liquidity and institutional adoption.
Grayscale challenges the SEC over delayed approval of its Digital Large Cap ETF, citing statutory deadlines and regulatory inconsistencies. The delay by the SEC’s Office of the Secretary contradicts the
BlackRock’s iShares Bitcoin Trust (IBIT) has shattered records by surpassing $80 billion in assets under management faster than any ETF in history, marking a pivotal moment in crypto investment. The
Are you ready for a fascinating dive into the world of cryptocurrency yields? Imagine waking up to find that the interest rate on your stablecoin savings has skyrocketed from a respectable 5% to an astonishing 53%. This isn’t a fantasy; it’s exactly what happened recently with the OKX USDT Simple Earn flexible savings product, sending ripples of excitement and speculation across the crypto community. Such a dramatic surge in the USDT savings rate is more than just an anomaly; many seasoned observers are pointing to it as a powerful indicator, potentially signaling the dawn of a new crypto bull market . What Triggered This Unprecedented OKX USDT Rate Spike? The crypto world thrives on volatility and opportunity, and the recent surge in OKX’s flexible savings product for USDT is a prime example. According to insights shared by Wu Blockchain on X, the interest rate for OKX USDT Simple Earn briefly jumped from its usual 5% to an incredible 53%. This wasn’t a sustained rate, but even a temporary spike of this magnitude demands attention. Wu Blockchain highlighted a crucial historical pattern: sharp increases in OKX’s Simple Earn rates have almost exclusively occurred during periods of intense market activity, typically associated with bull markets. This isn’t the first time we’ve seen such a phenomenon. For instance, on November 10, 2024, the rate soared to 44% when Bitcoin experienced a significant rally, opening at $76,775 and closing at $80,474, as reported by Yahoo Finance data. These instances suggest a strong correlation between high stablecoin yields and burgeoning market confidence. Understanding OKX Simple Earn and Its Mechanics Before we delve deeper into the implications, let’s clarify what Simple Earn is. It’s a product offered by OKX that allows users to earn interest on their cryptocurrency holdings, including stablecoins like USDT. The ‘flexible’ aspect means users can deposit and withdraw their funds at any time, offering liquidity, unlike fixed-term products. The interest rates are dynamic, fluctuating based on market demand for borrowing the underlying assets. So, why would the demand for borrowing USDT suddenly spike to justify a 53% APY? Several factors could contribute: High Leverage Demand: During a bull run, traders often borrow stablecoins like USDT to open leveraged long positions on volatile assets like Bitcoin or Ethereum, anticipating further price increases. This increased borrowing demand drives up interest rates. Arbitrage Opportunities: Significant price discrepancies across different exchanges can lead to a surge in demand for stablecoins for arbitrage strategies, where traders profit from these price differences. Liquidity Needs: Exchanges might face temporary liquidity crunches for USDT due to massive trading volumes or large withdrawals, leading them to offer higher rates to attract deposits. Derivatives Market Activity: A booming derivatives market, especially perpetual futures, can create a strong demand for stablecoin collateral, pushing up borrowing costs. Is This the Definitive Crypto Bull Market Signal We’ve Been Waiting For? The connection between surging USDT savings rate s and a crypto bull market is more than just anecdotal. It’s rooted in the fundamental economics of supply and demand within the crypto ecosystem. When confidence is high and asset prices are climbing, the appetite for risk increases. Traders want to maximize their exposure, and borrowing stablecoins to do so becomes a common strategy, even at elevated interest rates. Let’s consider the historical context: Date of Rate Spike OKX USDT Rate Bitcoin Price Action (Approx.) Market Sentiment Recent Spike 53% (briefly) Strong upward momentum Highly optimistic, ‘fear of missing out’ (FOMO) Nov 10, 2024 44% Opened $76,775, Closed $80,474 Building bullish sentiment Previous Bull Cycles Elevated rates (variable) Consistent rallies Widespread euphoria The direct correlation between these rate spikes and significant movements in Bitcoin price surge data, particularly its upward trajectory, strengthens the argument. It suggests that institutional and retail investors alike are actively seeking capital to participate in the rally, driving up the cost of borrowing stablecoins. While one indicator is rarely enough to confirm a bull market, this OKX USDT rate surge, coupled with the observed Bitcoin price surge , paints a compelling picture. It aligns with other common bull market signals such as: Increased trading volumes across major exchanges. Positive funding rates in perpetual futures markets. Mainstream media attention on crypto. Growing institutional investment. How Can Investors Leverage High USDT Savings Rates? For investors holding stablecoins, a soaring USDT savings rate presents an incredible opportunity for passive income. Even if the 53% rate was brief, the fact that rates can reach such levels, even temporarily, means that keeping an eye on these flexible earn products can be highly rewarding. It allows you to earn substantial returns on assets that are typically used to preserve capital and hedge against volatility. However, it’s crucial to approach these opportunities with a clear understanding of the benefits and potential challenges: Benefits: High Passive Income: Earning double-digit, or even triple-digit, APYs on a stablecoin is exceptionally rare in traditional finance. Capital Preservation: USDT is pegged to the US dollar, offering a degree of stability compared to volatile cryptocurrencies, making it an attractive option for parking funds while still earning yield. Flexibility: Products like OKX Simple Earn allow for easy deposit and withdrawal, giving users control over their funds. Challenges and Risks: Rate Volatility: Flexible rates can drop as quickly as they rise. The 53% was temporary, and rates can revert to lower levels. Platform Risk: While OKX is a major exchange, all centralized platforms carry some level of counterparty risk, including potential hacks or operational issues. Stablecoin De-peg Risk: Though rare for major stablecoins like USDT, there’s always a minimal risk of the stablecoin losing its peg to the underlying fiat currency. Regulatory Uncertainty: The regulatory landscape for crypto lending and yield products is still evolving, which could impact offerings in the future. Actionable Insights for the Savvy Investor Given the signals and opportunities, how can you position yourself effectively? Here are some actionable insights: Monitor Yield Products Actively: Keep a close watch on flexible earn products on major exchanges like OKX. Set up alerts for significant rate changes. Diversify Your Stablecoin Holdings: Don’t put all your stablecoin eggs in one basket. Consider holding a mix of USDT, USDC, and other reputable stablecoins across different platforms. Understand the Product: Before participating, fully understand the terms and conditions of any yield product. Is it flexible or fixed? What are the withdrawal fees or lock-up periods? Assess Risk Tolerance: High yields often come with higher risk. Only allocate funds you are comfortable with, especially in a volatile market. Stay Informed: Follow reliable crypto news sources, analysts, and on-chain data to gauge overall market sentiment and potential shifts towards a crypto bull market . The dramatic spike in OKX USDT rates is a compelling event that adds another layer to the ongoing discussion about the next major bull run. While not a standalone confirmation, it certainly aligns with the kind of market behavior typically observed when momentum is building. For those looking to capitalize, understanding the mechanics of these high yields and managing associated risks will be key to navigating what could be an exciting period for the crypto market. The confluence of a surging USDT savings rate and a strong Bitcoin price surge offers a tantalizing glimpse into the potential for significant gains. As the market continues to evolve, staying vigilant and informed will empower you to make strategic decisions and potentially unlock substantial opportunities within the burgeoning digital asset space. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Investors are eyeing this face-off between a seasoned meme giant and a rising DeFi powerhouse, with July heating up and crypto bulls sniffing out the top tokens to buy before summer ends. While Shiba Inu continues its slow grind, Mutuum Finance (MUTM) is stealing the spotlight, quietly gaining traction as possibly the best crypto to buy in 2025. Mutuum Finance is now selling at $0.03 in stage 5 of presale, over 65% now sold out. Phase 5 investors will get to enjoy a guaranteed 100% ROI return on listing. The project has already surpassed over $12 million and onboarded over 13,000 investors thus far. Mutuum Finance could hit $1 before Shiba Inu. Shiba Inu Eyes Tight Range Amid Meme‑Coin Momentum Shiba Inu (SHIB) is currently trading around $0.00001177, showing minimal change since yesterday and holding steady between intraday highs near $0.00001180 and lows around $0.00001146. After dipping to the $0.00001115 area at the start of July, it briefly recovered to test resistance near $0.00001212. Additionally, robust community-driven token burns, such as a recent surge removing 9.5 million SHIB from circulation, have bolstered on‑chain sentiment, though price action remains contained. In short, SHIB is in a technical holding pattern, market participants are watching close for a breakout above resistance or a dip below established support. Meanwhile, newcomers like Mutuum Finance (MUTM) are beginning to draw eyeballs. $12,000,000 Raised as Presale Phase 5 Climbs With its revolutionary two-way lending paradigm, Mutuum Finance (MUTM) already has over 13000 investors on board and has raised $12 million. MUTM currently costs $0.03, but will increase further in the next phases and launch at $0.06. This guarantees all phase 5 investors a 2x return at launch. In addition, MUTM is set to climb past $3, delivering a 100x ROI. Mutuum Finance Smarter Lending Mutuum Finance is a Peer-to-Contract (P2C) and Peer-to-Peer (P2P) lending combination, offering customers huge returns and complete control over transactions, respectively. These lending models offer end-to-end DeFi pain-free experience best adapted to user demands and safer, more transparent, and more flexible than the conventional centralized lending offerings. CertiK-Audited With 95.0 Trust Score Mutuum Finance is turning momentum into measurable credibility. A CertiK smart contract audit has verified that the codebase has high transparency standards with a trust score of 95.0/100. Underpinned by open-source smart contracts and the success of a Certik audit, the platform offers a safe foundation for digital financial transactions. Mutuum Finance is pairing state-of-the-art lending features with a robust ecosystem, charting a definite course for the future of DeFi. Aside from complementing its ecosystem even more, Mutuum Finance (MUTM) is developing an Ethereum-based, fully collateralized stablecoin pegged to the USD. As opposed to algorithmic models that depeg, the stablecoin developed to date will be in a way that it provides long-term liquidity, stability, and reliability to retail and institutional users. Mutuum Finance’s Reward Programs The project is already certified by CertiK and positioning itself for mass adoption, and the investors who invest now will reap huge at launch. The platform is also conducting a $100,000 giveaway , and 10 lucky participants will get $10,000 in Mutuum Finance tokens each. Mutuum Finance has also recently launched the official Bug Bounty Program alongside CertiK and the reward will be $50,000. This program has four severity levels i.e., critical, major, small and low whereby there is no level of vulnerability that is not rewarded, and edges towards the maximum. Shiba Inu (SHIB) may be holding steady, but Mutuum Finance (MUTM) is gaining fast. With $12M+ raised, 13,000+ investors, and Stage 5 over 60% sold out at $0.03, MUTM offers a guaranteed 2x ROI at launch. Backed by a 95.0 CertiK trust score, a $100K giveaway, and a unique DeFi model, it’s positioned to hit $1 before SHIB. Join now before the next price hike. For more information about Mutuum Finance (MUTM) visit the links below Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
Bitcoin ( BTC ) has skyrocketed past the $118,000 record high mark, and analysts are predicting the asset is likely to reach $140,000 soon. According to insights from TradingShot , this latest surge resembles previous upward trends recorded at the end of 2023. In those earlier instances, Bitcoin underwent a sharp correction of approximately 32% over 112 days before rebounding strongly by around 91.12%. Notably, this upward momentum has typically been supported by the one-week 50-period moving average ( MA ), as pointed out in a TradingView post on July 11. Bitcoin price analysis chart. Source: TradingView The current rally, which began on April 7, 2025, appears to be following a similar path. If things unfold as they did before, the analyst noted that the market could see Bitcoin climb to just above $140,000. TradingShot also identified that a breakthrough from a bull flag pattern, formed between mid-May and June, has sparked this new surge. To this end, the outlook suggested that the maiden cryptocurrency might hit $140,000 as early as August 2025. Bitcoin’s short-term target Another analyst, Ted Pillows, shared a similar optimistic view. In an X post on July 10, he mentioned that Bitcoin could very well reach $120,000 in the short term. He connected this growth to patterns known as Wyckoff Accumulation, noting that the increase in the global M2 money supply is a key factor driving this rally. Pillows explained how Bitcoin’s movements align with the stages of Wyckoff’s model: it goes through an accumulation phase, then a spring, followed by a successful test, and finally a sign of strength that leads to the breakout. $BTC hit a new ATH today. But M2 supply growth is not slowing down. $120K BTC is coming sooner than expected. pic.twitter.com/8glHcQUfWH — Ted (@TedPillows) July 10, 2025 Bitcoin price analysis At press time, Bitcoin was trading at around $116,927, representing a nearly 5% rise in 24 hours and an 8% increase over the past week. Bitcoin seven-day price chart. Source: Finbold The asset remains above its average prices over both the last 50 days ($106,816) and the last 200 days ($88,348), showing a long-term bullish trend. Additionally, Bitcoin’s Relative Strength Index ( RSI ) is at 70.77, indicating strong demand but also suggesting it’s approaching overbought territory. Featured image via Shutterstock The post Expert says Bitcoin to trade at $140,000 on this date appeared first on Finbold .
Bitcoin continues to reach new all-time highs, yet XRP, the Ripple-associated cryptocurrency, has outperformed with a significant surge in value and open interest. Over the past 24 hours, XRP has
Attorneys for Grayscale argued that the US regulator's delay of the approval or disapproval decision clashes with existing statutes.
Aave compounded its weekly gains thanks to rising adoption and the general bullish momentum in the crypto market. Aave is seeing strong performance amid ecosystem updates and a bullish crypto wave. On Friday, July 11, Aave (AAVE) was up 6%, reaching a daily high of $317.58. This compounded to a growth of 18% over the last week, when Aave was trading at $272 . This development comes amid bullish momentum in the crypto markets, fueled by Bitcoin’s (BTC) all-time high levels. At the same time, Aave reported growing stablecoin adoption, with plans to further support its stablecoin ecosystem. On July 10, Aave published its monthly funding update for July, which saw steady progress for the project. The team reported consolidating its treasury funds to the Ethereum network, which will support incentives, buybacks, and growth. You might also like: AAVE price steady as whales buy, exchange supply plunges Aave controls 5% of stablecoin lending The project is also expanding its AHAB program with $1 million in stablecoins, in an effort to further boost stablecoin adoption. This move comes as Aave’s stablecoin adoption is growing. According to crypto analyst Leon Waidmann, Aave now controls 5% of all stablecoin circulating supply in lending. This figure puts Aave ahead of all CeFi lenders combined, showcasing the growing appeal of decentralized lending. Did you realize AAVE alone now holds 5% of stablecoins? Yep, that's more than all CeFi lenders combined. The shift isn't coming, it’s already here. pic.twitter.com/5in2WFpuZe — Leon Waidmann 🔥 (@LeonWaidmann) July 4, 2025 For this reason, whales are jumping on the token. Nansen metrics indicate significant whale accumulation, while data from Santiment shows a significant drop in exchange supply. The supply of Aave on exchanges dropped to 2.9 million, the lowest level since February 2021. This usually indicates that investors are moving tokens to self-custodial wallets, holding them for the long run. The overall Aave network total value locked has spiked since the start of July, reaching $28.9 billion from $25 billion in June. Its TVL overtook last year’s December highs of $22 billion already in April of 2025. This consistent growth suggests rising adoption for this Ethereum (ETH) based DeFi lending protocol. Read more: AAVE price prediction: 28% surge likely after hitting a $745m staking milestone