The latest burst of momentum has carried the Dogecoin price through the psychologically significant $0.23 barrier, lifting the spot price to roughly $0.236 at press time and extending a weekly advance of more than 20 percent. The breakout unfolded while Bitcoin continues to consolidate just north of the $120 000 pivot, a level that many market technicians view as decisive for the entire altcoin complex. Technical strategist Kevin (@Kev_Capital_TA) published a daily DOGE/USD chart via X. In it, Dogecoin’s price action is framed by a multi-month falling-trend line whose boundary was first breached in November last year. Since that escape, price has returned to the diagonal three separate times—each touch ringed by Kevin in orange, signalling what he describes as “textbook post-breakout behaviour.” Related Reading: This Fibonacci Level Puts The Dogecoin Price Above $10 This Cycle “Only a matter of time before #Dogecoin makes its move back up to the .28-.30 level and then well beyond,” he wrote. “As long as BTC holds up and keeps showing strength this should come sooner rather than later.” Dogecoin Price Targets Kevin’s roadmap is built around a dense cluster of Fibonacci retracements that dominate the right margin of his chart. Immediate resistance lies at the 0.618 and 0.65 retracement bands—approximately $0.261 and $0.285, respectively—followed by 0.703 at $0.329 and the 0.786 level at $0.413. Lower down, the 0.5 retracement at $0.190 has acted as a floor throughout July, while 0.382 at $0.138 marks the last line of defence for medium-term bulls. Beyond the classical retracement grid, Kevin projects an aggressive trio of Fibonacci extension lines—1.618 ($3.97), 1.65 ($4.33) and 1.703 ($5.00)—arguing that Dogecoin’s “thin-air zone” above last cycle’s peak could enable a parabolic overshoot if liquidity conditions mirror those of 2021. He stresses, however, that such targets “remain contingent on Bitcoin punching through $120,000-$123,000 and, ideally, sprinting toward $140,000-$150,000 where overhead supply thins out dramatically.” “People are already forgetting that #BTC drives this market and if BTC goes down it will all go down. … BTC needs to break $123,274—point-blank period. I don’t like the moseying around at this level for too long.” Related Reading: Dogecoin Poised For A Monster Rally Amid Brewing Altcoin Season For now, Bitcoin’s sideways grind below its all-time high has tempered altcoin exuberance. The macro picture is complicated by the fact that, as Kevin notes, “BTC, Total 2, ETH, and many other Alts are at major resistance levels—so do not try and be a hero here. If you missed the lows, that’s unfortunate, but do not FOMO at major resistance.” Should Bitcoin deliver the breakout the analyst community is looking for, the DOGE/BTC pair could accelerate sharply, validating Kevin’s view that the memecoin is “playing catch-up” and may be poised for an outsized percentage move once the broader market trend resumes. With Dogecoin now perched on the lip of its 0.618–0.65 resistance shelf, traders are watching for a daily close above $0.285 to confirm the next leg higher. Failure to hold the wedge top near $0.19 would, by contrast, postpone the bullish narrative and leave the post-breakout retest zone vulnerable. At press time, DOGE traded at $0.242. Featured image created with DALL.E, chart from TradingView.com
Fintech firms are poised to adopt DeFi lending due to its permissionless nature, according to the co-founder of Morpho.
President Donald Trump is expected to loosen regulations around artificial intelligence as he announces policy guidelines for the sector. He is also expected to call for expanding energy sources for data centers. The U.S. government is scheduled to establish the AI Action Plan in the coming days. Trump is also expected to provide more details on AI policy on July 23 during an event hosted by the tech consortium Hill and Valley Forum and the All-In podcast. Trump wants the U.S. to lead in artificial intelligence The proposal will not focus much on a sweeping vision of the long-term effects of AI, but will be limited to actions of the Executive Office of the President. The policy will be the most significant policy directive in the AI industry, showing the Trump administration’s efforts to position the U.S. as a global hub for artificial intelligence. Trump revoked some existing AI policies and directives from the Biden era that limited U.S. AI innovation. The Trump administration has revealed plans to reduce regulatory barriers in the AI industry, while promoting AI adoption and innovation in the country. The U.S. Senate removed the AI moratorium provision from Trump’s Tax Bill earlier this month through a 99-1 vote. The sweeping tax would have restricted states from regulating AI, but the tech industry is focused on reducing such laws nationwide. The White House Office of Science and Technology Policy will reportedly lead the plan, which will be deployed in a nationwide promotional campaign. Many believe the proposal would highlight the administration’s goals of supporting infrastructure by simplifying environmental standards in the National Environmental Policy Act. They also revealed that the President would not include guidance on strengthening power grids in the plan. The proposal would also include security measures to prevent foreign adversaries from accessing the U.S. AI technology by establishing global AI partnerships. It also revealed a collaboration between the U.S. International Development Finance Corporation and the Export-Import Bank to advance Trump’s export promotion orders to support global U.S. hardware and software deployment. Conservatives have condemned the Export-Import Bank, arguing it’s a tool to bail out big corporations. Some argued that the senior White House policy adviser AI and crypto czar, David Sacks, and the senior White House policy adviser on AI, Sriram Krishnan, will spearhead a third executive order that calls for all large language models procured by the government not to be biased. The initiative follows Trump’s directive earlier this year to develop a framework that will enhance global AI dominance in the country. The President also awaits signing a flurry of executive orders to establish some of the policies included in the plan. Trump advances other AI and energy plans The announcement also champions other efforts by industry players to forge international partnerships in pursuit of advancing in the sector. The administration revealed earlier this year a $500 billion investment collaboration by OpenAI and SoftBank to establish more AI infrastructure in the U.S. Many firms condemned what they saw as a limiting approach to AI under President Joe Biden. The President also announced earlier this week in the inaugural Pennsylvania energy and innovation summit plans to invest roughly $70 billion to construct more AI data centers in Pennsylvania. Senator Dave McCormick argued that the proposal would boost the local economy, acknowledging that Trump had kept his promise to serve the people of Pittsburgh. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! On July 18,
BitcoinWorld Bitcoin Whale’s Monumental $9.7 Billion BTC Transfer Rocks Crypto Market Imagine waking up to news of a colossal sum of Bitcoin, nearly $10 billion worth, suddenly shifting after 14 years of dormancy. This isn’t just a fantasy; it’s the reality of a recent, truly monumental Bitcoin whale transfer that has sent ripples across the entire cryptocurrency landscape. Such a significant move from a long-dormant address immediately sparks curiosity, speculation, and intense on-chain analysis among market participants. What could compel a holder of such immense wealth to finally stir after more than a decade? And what are the broader implications for the future of the crypto market? Understanding the Monumental Bitcoin Whale Transfer The cryptocurrency world was abuzz with activity following reports from Onchain Lens on X, detailing an extraordinary BTC transfer . An address, identified as a long-term dormant Bitcoin whale , which had previously held an astonishing 80,000 BTC, initiated a significant movement of its remaining stash. On July 14, this enigmatic entity first transferred 40,010 BTC, valued at approximately $4.69 billion at the time, to Galaxy Digital . This initial move alone was enough to capture headlines, but it was merely a prelude to an even larger event. Just days later, the same address completed another massive transfer, sending its remaining 40,192 BTC, equivalent to a staggering $4.83 billion, also to Galaxy Digital . This second transfer brought the total moved by this single address to over 80,000 BTC, effectively emptying its wallet after nearly a decade and a half of inactivity. A portion of these newly moved funds has reportedly already been distributed to various exchanges, including prominent platforms like Coinbase Pro, indicating potential liquidity events or strategic positioning. The sheer scale of these transactions underscores their importance, making them one of the largest single whale movements in recent memory. Who is This Dormant Giant? Unraveling On-Chain Clues The identity of this Bitcoin whale remains shrouded in mystery, as is often the case with large cryptocurrency holders. However, the 14-year dormancy period provides crucial clues and raises compelling questions. Addresses that remain untouched for such extended periods are often associated with early adopters, miners, or even individuals who simply forgot about their holdings. The sudden activation of such a significant wallet, especially one holding over 80,000 BTC, immediately triggers deep-dive on-chain analysis . Early Adopter? This whale could be an individual or entity that acquired Bitcoin in its very nascent stages, perhaps when its value was negligible. Mining Pool? Less likely for a single address of this nature, but possible if it was a solo miner from Bitcoin’s early days. Lost Keys Recovered? While rare for such a large sum, it’s not impossible that access to the wallet was regained after a long period. Regardless of the precise identity, the movement of such old coins is often interpreted as a signal of either significant profit-taking, strategic re-allocation, or an institutional-level transaction. The public nature of blockchain transactions allows experts to track these movements, even if the owner remains anonymous. This transparency is a double-edged sword: it allows for invaluable market insights through on-chain analysis but also generates intense speculation. Galaxy Digital’s Role: A Key Player in the Bitcoin Ecosystem The choice of Galaxy Digital as the recipient for such a colossal BTC transfer is highly significant. Founded by renowned investor Mike Novogratz, Galaxy Digital is a prominent financial services and investment management company dedicated to the digital asset, blockchain, and cryptocurrency industries. Unlike typical retail exchanges, Galaxy Digital primarily caters to institutional clients, offering a suite of services including: Trading and Liquidity: Providing over-the-counter (OTC) trading desks for large block trades that wouldn’t typically be executed on public exchanges to avoid significant price slippage. Asset Management: Managing digital asset funds and investment products. Principal Investments: Investing directly in blockchain companies and technologies. Advisory Services: Offering strategic advice to clients in the crypto space. Mining: Engaging in Bitcoin mining operations. When a Bitcoin whale moves billions in BTC to an entity like Galaxy Digital, it strongly suggests an institutional-grade transaction rather than a simple retail sell-off. This could imply an OTC sale to an institutional buyer, a transfer for secure institutional custody, or even part of a complex rebalancing strategy for a large fund or family office. The involvement of Galaxy Digital often points towards a structured, strategic move rather than a speculative, short-term play. What Does This Mean for the Crypto Market Impact? The movement of nearly $10 billion worth of Bitcoin from a dormant whale naturally raises questions about its potential crypto market impact . Such a massive injection of liquidity or potential selling pressure could significantly influence Bitcoin’s price trajectory and broader market sentiment. Let’s consider the various scenarios: Potential Selling Pressure: If the whale intends to sell a substantial portion of these holdings, moving them to exchanges (even indirectly via Galaxy Digital and then Coinbase Pro) could increase the circulating supply available for trade. This influx could potentially lead to a short-term price dip, especially if market demand doesn’t absorb the supply efficiently. Institutional Accumulation: Conversely, if Galaxy Digital facilitated an OTC sale to one or more institutional buyers, this would be a highly bullish signal. It indicates strong institutional demand for Bitcoin, absorbing large blocks of BTC without causing public market volatility. This scenario would reflect growing confidence and adoption from traditional finance. Custody and Security: The transfer could simply be for enhanced security and professional custody. Large holders often move assets from self-custody to institutional custodians for better management, insurance, and compliance. This doesn’t necessarily imply an immediate sale. Market Confidence and Volatility: Regardless of the underlying reason, such a monumental BTC transfer inevitably creates a buzz. It can lead to increased volatility as traders react to the news, attempting to front-run potential price movements. However, if the market interprets the move as institutional accumulation, it could bolster long-term confidence. The fact that a portion has already moved to exchanges like Coinbase Pro suggests some level of market interaction is indeed occurring. Actionable Insights for Bitcoin Investors For both seasoned and novice Bitcoin investors , understanding and reacting to events like this requires a measured approach. While the immediate instinct might be to panic or speculate wildly, a calm and informed perspective is crucial for navigating the evolving crypto market impact . Monitor On-Chain Data Closely: Tools and platforms offering on-chain analysis provide invaluable insights into large wallet movements, exchange flows, and miner activity. Keeping an eye on these metrics can offer early indications of potential market shifts. While not predictive, they add a layer of transparency. Don’t Overreact to Short-Term Noise: Large whale movements are significant, but they don’t always dictate the long-term trend. Bitcoin’s fundamentals, macroeconomic factors, and broader adoption narratives often hold more weight over time. Avoid making impulsive decisions based on single events. Consider the Institutional Angle: The involvement of players like Galaxy Digital often points to institutional strategies. If these transfers represent OTC deals or custody arrangements, they are generally positive for Bitcoin’s long-term prospects, signaling maturity and mainstream acceptance. Practice Robust Risk Management: Ensure your portfolio is diversified and that you have a clear investment strategy. Volatility is inherent in the crypto market, and events like this underscore the importance of not over-extending yourself. Stay Informed and Skeptical: Always verify information from multiple reputable sources. The crypto space is rife with speculation and misinformation. Rely on data-driven insights rather than unsubstantiated rumors. This Bitcoin whale transfer serves as a powerful reminder of the dynamic and often opaque nature of the cryptocurrency markets. It highlights the continued importance of institutional players and the fascinating insights that on-chain analysis can provide. The recent movement of nearly $10 billion in Bitcoin from a 14-year dormant address to Galaxy Digital represents one of the most significant BTC transfer events in recent history. While the precise motivations of this mysterious Bitcoin whale remain unknown, the involvement of an institutional heavyweight like Galaxy Digital suggests a sophisticated, strategic play rather than a simple retail liquidation. This event has undoubtedly sparked intense debate and speculation about its immediate and long-term crypto market impact , underscoring the vital role of on-chain analysis in deciphering these complex movements. For investors, it’s a critical moment to observe, learn, and apply informed strategies rather than succumbing to fear or greed. To learn more about the latest Bitcoin market trends and on-chain analysis, explore our articles on key developments shaping Bitcoin’s institutional adoption and future price action. This post Bitcoin Whale’s Monumental $9.7 Billion BTC Transfer Rocks Crypto Market first appeared on BitcoinWorld and is written by Editorial Team
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Altcoin season is
The total crypto market capitalization is approaching the $4 trillion mark, driven by a strong rally in Bitcoin, Ether, XRP, and other major assets following the passage of three significant crypto bills in the US House. A market cap at this level would place the crypto sector just behind Nvidia , which recently crossed the $4 trillion milestone and now holds a valuation of $4.2 trillion. Data from CoinMarketCap shows that the crypto market has reached a peak of $3.8 trillion, while TradingView lists it slightly higher at $3.9 trillion, both figures exceeding the previous all-time high of $3.73 trillion recorded in December. Meanwhile, other trackers like CoinGecko have already indicated that the market has crossed the $4 trillion threshold, reflecting the sector’s rapid momentum in the current rally. Bitcoin climbed back above $120,000 on Thursday, marking a minor daily increase. However, Ether and XRP have outpaced Bitcoin in gains following the US House’s approval of key crypto legislations before its August recess. Ether surpassed $3,600 for the first time since January, bringing its fortnightly gains to 40%. Ripple’s XRP also soared by nearly 20% in a single day, hitting a year-to-date high of $3.64 during early trading on Friday. Analysts Predict More Crypto Market Upside Market analysts believe that further gains could be on the horizon as institutional confidence strengthens. Nick Ruck, director at LVRG Research, noted that traders are witnessing digital asset prices surge due to a combination of regulatory clarity and growing institutional support. He expressed optimism that this growth trend will continue as financial institutions compete to integrate crypto assets into their services. Nassar Al Achkar, chief strategy officer at CoinW crypto market exchange, shared a similar view, stating that Bitcoin and other cryptocurrencies have seen renewed interest as traders adopt a risk-on approach in response to positive regulatory signals. Al Achkar highlighted the passing of the GENIUS Act and President Trump’s proposed plans to open the US retirement market to crypto investments, which could potentially unlock trillions of dollars in institutional capital into the crypto market. The post Crypto Market Nears $4T Market Cap as Tokens Rally on US Regulatory Wins appeared first on TheCoinrise.com .
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Veteran trader Peter
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! On July 18,
Legendary trader Peter Brandt issues epic Bitcoin price prediction using banana