The crypto market has been on a tear in 2025, and the latest 99Bitcoins Q2 State of Crypto Market Report, authored by Manisha Mishra and sponsored by KCEX, lays it all out. The quarter saw institutional demand surge, Bitcoin ($BTC) hit a then-ATH of $111,980, and crypto hiring spike 753%. Despite the rally, the total market cap was still 12% below its $3.7 trillion peak, hinting at room to run. With stablecoin adoption booming and long-term holders stacking, Q2 may have been the real start of this cycle’s breakout. Read the full report here: State of Crypto Q2 2025 – 99Bitcoins A Record-Breaking Quarter for Bitcoin Bitcoin lit up Q2 with a 25.66% gain, smashing past resistance to hit a then-record $111,980 on May 22. That put it well ahead of gold’s 7.21% rise and most equity indices, marking a sharp reversal from Q1’s pullback. According to 99Bitcoins’ Q2 report, the rally was driven by institutional inflows, ETF demand, and growing sovereign interest, with governments now holding 2.5% of Bitcoin’s total supply. Meanwhile, spot ETF flows consistently outpaced miner issuance, tightening supply just as demand surged. Chris Wright of 21Shares summed it up: “We believe that Bitcoin ETFs will attract 50% more inflows this year compared to last year. This would result in net inflows of approximately $55 billion in 2025, representing an increase of around $20 billion year-over-year.” A golden cross in late May confirmed the uptrend, following a clean breakout from months of consolidation. It’s a textbook bullish structure. With price action and fundamentals in sync, Q2 marked the clearest shift yet: Bitcoin is back, but powered by institutions, not retail. Institutions Took the Wheel, Retail Turned to Altcoins According to the 99Bitcoins report, this bull run has a different driver behind the wheel. And it’s not Reddit. 9 out of 10 experts interviewed in the Q2 report said retail traders have shifted their focus to the best altcoins, chasing faster gains while institutions quietly accumulated Bitcoin. The on-chain data backs it up. Glassnode shows that 30% of $BTC’s supply is now held by centralized entities, with large players dominating inflows. Meanwhile, Google Trends reveals that retail interest in “Bitcoin” searches stayed surprisingly low throughout Q2, even as $BTC hit new highs. Confidence among long-term holders also climbed. UTXO activity dropped, and the amount of BTC in long-term storage kept rising. A sign that serious capital isn’t looking to sell anytime soon. Stablecoins and DeFi Picked Up Steam If Q2 proved anything, it’s that stablecoins aren’t just stable, they’re also scaling. The Circle IPO popped 168% on day one, marking the first stablecoin issuer to go public and signaling TradFi’s growing appetite for crypto exposure without the volatility. According to 99Bitcoins, 81% of crypto-aware SMBs now want to use stablecoins for daily ops, and the number of Fortune 500s planning to integrate them has tripled since last year. On the DeFi side, Ethereum ($ETH) held L1 dominance, Chainlink ($LINK) led dev activity, and $HYPE – the native token of Hyperliquid – saw serious traction, fueled by the DEX’s rise to 70%+ of all perp DEX volume. While others chased memes, HYPE rallied on actual utility. In short: DeFi’s still cooking, and stablecoins are fueling the fire. Memecoin Mayhem After tanking in Q1, the memecoin market bounced back slightly in Q2, though volatility stayed extreme and price action remained erratic. Q2 saw the meme coins hit new heights, with over 5.9 million new tokens launched and most of them churned out via pump.fun. It was chaotic, noisy, and pure degen energy. While most faded instantly, tokens like $FARTCOIN and $SPX kept riding the wave. That said, the surge in token activity came with a dark side: phishing and wallet-targeted hacks climbed, especially among memecoin holders. Regulatory Wins and Macro Shifts Driving Confidence If Q2 had a theme, it was relief on both the policy and economic fronts. The U.S. pulled back on crypto enforcement, scrapped IRS reporting rules for DeFi, and signaled a more constructive stance overall. Meanwhile, the Fed held rates steady for the fourth straight time, hinting at a possible cut in July. With unemployment flat and growth slowing, capital started flowing into safe-haven assets, and this time, Bitcoin was firmly on that list. The result? Confidence surged. Bitcoin ETF inflows accelerated, volatility dropped, and $BTC’s macro narrative strengthened. It’s no longer just a risk asset; it’s becoming part of the defensive playbook. Elsewhere, $XRP finally closed its long-running legal battle with the SEC, potentially clearing the runway for a new ATH later this year. What’s Next for Q3? Back in Q2, 99Bitcoins forecasted that if BTC could flip $111K–$112K resistance, the path to $120K would open, with $135K as a stretch target. Fast forward to now, and that prediction is aging well: Bitcoin is already trading at above $118K, edging toward that psychological milestone. The report also noted $BTC was holding firm above $103K support, forming a bullish structure backed by rising miner wallet balances, shrinking exchange reserves, and growing illiquid supply – all signs of confidence from long-term holders. Still, Q3 isn’t without risk. ETF inflows could slow, and macro headwinds, from global conflict to sudden rate hikes, remain on the radar. But if institutional flows stay hot and the Fed delivers a rate cut, $135K no longer feels like a moonshot. It’s just part of the next leg up. Final Thoughts: A Bull Market With Depth The 99Bitcoins Q2 report by Manisha Mishra paints a clear picture: this bull market isn’t built on retail hype. Institutions, regulatory tailwinds, and real product traction are powering it. From ETF inflows to stablecoin adoption and supply-side tightening, the signals all point toward a more mature, resilient crypto cycle. And with Bitcoin already pushing towards $120K, many of the Q2 projections are already playing out. If momentum holds, and macro conditions don’t throw a curveball, Q4 could be the real breakout. Read the full report here: State of Crypto Q2 2025 – 99Bitcoins This article is for informational purposes only and does not constitute financial advice. Please always do your own research (DYOR) before investing in crypto.
Bitcoin has momentarily outpaced Amazon in market capitalization, marking a significant milestone in the cryptocurrency’s valuation journey. This surge highlights Bitcoin’s growing influence in the financial ecosystem, positioning it closer
Wall Street's major averages were lower on Friday as President Donald Trump slapped a 35% tariff on Canada and warned of further hikes if Ottawa retaliated. Market participants also took a bit of a breather after back-to-back record closes for the benchmark S&P 500 index ( SP500 ). The S&P ( SP500 ) was last -0.4% in morning trade, the tech-heavy Nasdaq Composite ( COMP:IND ) was -0.1% , and the blue-chip Dow Jones ( DJI ) was -0.8% . Trump announced on Thursday a 35% tariff on Canada and warned about further hikes if Ottawa decided to respond. These levies are expected to take effect Aug. 1, according to a letter posted on his Truth Social account. In addition, Trump said he would impose blanket tariffs of 15-20% on other remaining countries. “Stocks are not quite desensitized to tariff headlines just yet. We are still seeing knee-jerk reactions to negative trade headlines. Volatility is an opportunity for investors who are still too exposed to cash,” said Michael Landsberg, CIO at Landsberg Bennett Private Wealth Management. Over in the bond market, the 10-year Treasury yield ( US10Y ) rose 7 basis points to 4.42%, while the 2-year yield ( US2Y ) rose 2 basis points to 3.91%. Meanwhile, Bitcoin ( BTC-USD ) surged to a new all-time high on Friday, fueled by growing institutional interest and supportive signals from the Trump administration. On Friday's economic calendar, the monthly Treasury Statement budget is expected to be in deficit by $50B in June versus $70.9B in June 2024. The focus will shift slightly from tariffs and trade developments to the second quarter U.S. earnings season, which kicks off next week with reports from major banks. "We believe second quarter earnings will be good, but not as good as first quarter. Much of the second quarter was marked with tariff and trade issues, and that may have caused some dislocations in earnings for certain industries as their customers may have been in a holding pattern," said Landsberg. More on markets: Back-To-Back Bulls Crowding Out The Private Sector How I'm Managing My Portfolio In Response To The "Big Beautiful Bill" & Tariff Uncertainty
Recently, Binance-listed altcoin GMX was hacked and $42 million was stolen. Following the hack news, the GMX price dropped sharply in a short time. Related News: JUST IN! The Price of This Altcoin Listed on Binance Crashed! Here's Why... However, the GMX hacker agreed today to return $42 million in assets in exchange for a $5 million reward. “Okay, funds will be returned later,” the attacker wrote in an on-chain message, accepting the reward offered by the GMX team. The GMX hacker accepted the $5 million white hat bounty and began returning the stolen funds. According to Lookonchain, the hacker has returned 10.49 million worth of Frax (FRAX) tokens so far. The remaining $32 million was converted to Ethereum after the hack. The 11,700 ETH, currently worth $35 million, generated $3 million in profits. At this point, the hacker's next move is a matter of curiosity. Whether the hacker will return the entire 11,700 ETH he holds or the initial amount he stole is a matter of curiosity. If the hacker only returns the initial $32 million ETH, they will be left with approximately $3 million in ETH. “Will the hacker return the full 11,700 ETH ($35 million), or will he sell ETH to return $32 million and make a $3 million profit?” The hacker’s return of the stolen funds was met with positive response from the market, with the GMX price increasing by 15.1% in the last 24 hours and continuing to trade at $13.24. The #GMX hacker chose to return the stolen $42M assets for a $5M white-hat bug bounty. Currently, $10.49M $FRAX has been returned. Another $32M assets had been swapped into 11,700 $ETH , which is now worth $35M—netting a ~$3M gain. Will the hacker return all 11,700… pic.twitter.com/XjBlAK81Mf — Lookonchain (@lookonchain) July 11, 2025 *This is not investment advice. Continue Reading: Good News Comes from Altcoin Hacked Two Days Ago: Hacker Begins Returning Funds! "But He Could Turn the Corner!"
A North Korean defector and a former soldier have allegedly scammed more than 20 people, stealing 1 billion Won, equivalent to $728,000. A senior inspector said that Siheung Police Station received 21 complaints over a four-day period. He told NK News that the woman behind the scam targeted other defectors and South Korean citizens, persuading them to invest in a cryptocurrency platform. Victims funneled funds to the North Korean defector The defector who says she served as a North Korean soldier was first approached by a Chinese national, who urged her to bring others into the investment scheme. The North Korean national, who had lived in South Korea for at least 10 years, then recruited two fellow defectors. After that, she began targeting South Korean citizens. The former soldier persuaded victims to transfer funds in Korean Won to her account, converted the money, and deposited it into the fake platform. The victims then invested in cryptocurrencies through the counterfeit app. At the beginning of July, the victims were unable to withdraw any funds, and the counterfeit app stopped working. The two defectors who had transferred funds to the app early were able to withdraw their initial investments more than a year ago. However, other victims who joined the investment scheme later suffered major losses after the app froze. The former soldier, who was initially brought in by a Chinese national, claimed to have suffered financial losses as well. If the case goes to trial, the two defectors will be brought in not only as victims but also as witnesses, according to South Korean authorities. This is because they’ve also aided in scamming other South Korean nationals. A few months ago, Jeju Metropolitan Police arrested 25 individuals connected to four coordinated fake-crypto investment rings. The scammers lured investors via call centers and bogus exchanges, stealing over $540,000 in total. Officers believe more victims remain unaccounted for and are continuing the probe into higher-level organizers. South Korean authorities have dismantled multiple scam operations across the country, taking dozens into custody for posing as “crypto advisors” and defrauding retail investors. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Bitcoin’s price is holding firm despite growing chatter about the end of its market dominance. However, analysts are turning their attention not to Bitcoin’s price but to its waning market share as signs that altcoins may finally be ready to take center stage in what could become a full-blown altcoin season. A post on X has highlighted a specific breakdown structure in BTC dominance, which is linked to nine factors indicating that the altcoin season has begun. Technical Factors Showing Fall Of Bitcoin Dominance According to the analyst, Bitcoin dominance reached a peak of exactly 66% on June 27, 2025, a date he calls significant for its esoteric code 434 and its occurrence on a new moon. From a technical perspective, the 66% mark coincided precisely with the 0.786 Fibonacci retracement level, a region many traders consider a reversal zone. More importantly, several warning signals are flashing for Bitcoin traders. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says The analyst’s post on the social media platform X features a few price charts to emphasize how the Bitcoin dominance might be fading, alongside nine factors. From a purely technical lens, the dominance chart looks increasingly exhausted. The first factor is the most recent highest monthly RSI in the history of the Bitcoin dominance chart. This event has created an overbought condition, and the next outlook is a possible crash of the RSI. The MACD, in fact, has already crossed into bearish territory. Furthermore, the histogram has turned negative, and the faster line has moved below the slower one, which is a classic signal of an impending downtrend. Another interesting factor is that Bitcoin dominance has now broken a key diagonal support line that held firm through much of 2024 and 2025, which is another possible structural breakdown. Fundamental Factors Show Strong Rotation Into Altcoin Pairs While the technical picture is deteriorating, the fundamentals are also stacking in favor of altcoins very quickly. The first fundamental factor is the importance of upcoming altcoin spot ETFs, which have the possibility to redirect institutional flows from Bitcoin into Ethereum, XRP, and others. Related Reading: Time To Forget Altcoin Season? Bitcoin Dominance At This Level Is This Only Hope ETFs such as the Spot XRP, Dogecoin, and Solana ETFs could rapidly increase inflows into the rest of the crypto market, similar to how Spot Bitcoin ETFs caused massive inflows into Bitcoin. The analyst also highlighted the likelihood of upcoming U.S. Federal Reserve rate cuts, which would tilt market conditions in favor of altcoins over Bitcoin. Momentum has also begun to shift in some trading pairs, particularly XRP/BTC and ETH/BTC, both of which are showing reversal signs from critical levels. The XRP/BTC chart displays repeated failed attempts to break above 0.0000215 BTC, a horizontal resistance that has now been tested five times on the daily candlestick timeframe chart. At the time of writing, the XRP/BTC pair has returned to this level yet again, and based on this pattern, any clean breakout here could confirm a decisive rotation into XRP. Likewise, Ethereum has begun to recover from long-term oversold conditions when measured against Bitcoin. The rounded bottom pattern forming on the ETH/BTC weekly chart shows a reversal from undervaluation, which in past cycles has caused substantial gains for Ethereum relative to BTC. Featured image from Pixabay, chart from Tradingview.com
On July 11, Bitcoin experienced a notable decrease, slipping below the $117,000 threshold to trade at approximately $116,956. This movement reflects a 0.77% decline within the last hour, signaling a
In a market driven by both speculation and real-world innovation, Solana (SOL) is gaining technical momentum, with analysts projecting a potential 67% rally amid improving on-chain metrics and broader altcoin recovery. Yet, beyond the noise of legacy Layer 1s, Mutuum Finance (MUTM) is turning heads across the decentralized finance market. Built to bridge traditional lending and DeFi, Mutuum Finance is drawing attention for more than just price projections. Phase 5 of Mutuum Finance presale is over 65% sold out. Over 13,000 investors have invested in the presale of Mutuum Finance. Already, it has raised over $12 million. Mutuum Finance could hit $2.5 with a 4,000% projection. SOL Near-Term Forecast Sees Moderate 5% Upside Solana (SOL) has a current price of approximately $149-$150 with a 1.5% decrease on 24H basis and is at the vicinity of 200-day moving average, which is considered as the support stabilizing since a period of consolidation. According to the predictions of Binance, in the short term and throughout July, SOL is likely to trade between the prices at $147.60 and $157.10, indicating possible small price increase in the event of surpassing some of the resistance levels such as 154-$157. This neutral-to-bullish tone is supported by a wider market mood. The RSI is in balance, and the MACD is not giving any affirmative indicator yet. In the medium term, analysts expect that the SOL might hit up to about $170 by August as long as the momentum gains traction, which correlates to the estimated 67% upside in certain models. As the altcoin story changes, however, interest is moving away to Mutuum Finance (MUTM) in its high-utility DeFi structure. Mutuum Finance Gains Traction Among Strategic Investors Mutuum Finance is having remarkable success in Phase 5 presale. The project distinguishes itself from the rest by offering a finance system that is scalable and has a real-world practical use case. There is increased demand for investment due to the fact that the project has surpassed over $12 million and has over 13,000 token holders. Breaking Ground on a Dual-Lending Model Mutuum Finance offers a liquidity protocol where the user retains complete control over assets throughout decentralized lending. The double-model framework is utilized by the platform with Peer-to-Contract and Peer-to-Peer lending to enhance flexibility and efficiency in the lending process. Peer-to-Contract system uses the utilization of smart contracts in order to implement automated lending as a reality with no form of interference by humans and rather, the smart contracts dynamically move based on the market by presenting dynamic interest rates. Peer-to-Peer model does away with intermediaries and thus offers a direct relationship between lenders and borrowers. The model is highly desired by the users in the case of volatile assets where flexibility in addition to personalized terms are required. Mutuum Finance is also currently developing a fully collateralized Ethereum-based USD-backed stablecoin. CertiK has also audited the smart contracts utilized in the project. The audit provides the investors with the assurance that the team cares to develop and sustain a safe DeFi protocol. It is also a promise of proper code maintenance and the project. Mutuum Finance Giveaway Mutuum Finance (MUTM) has launched an enormous $100,000 giveaway . 10 lucky winners among the giveaway participants will be selected to win $10,000 worth of Mutuum Finance tokens. To accompany this vow, Mutuum Finance has initiated its Official Bug Bounty Program on CertiK wherein it paid out $50,000 in USDT. It is available in four levels, critical, major, minor, and low, and guarantees all possible levels of vulnerabilities found and rewarded. Solana (SOL) may rally 67%, but Mutuum Finance (MUTM) is eyeing a 4,000% surge. With $12M+ raised, 13,000+ investors, and Phase 5 over 65% sold out, momentum is strong. Backed by a dual-lending model, CertiK audit, and real-world use case, MUTM is quickly becoming a top DeFi contender. Join now before the presale ends. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
On July 11, data from Onchain Lens revealed a significant market move as a crypto whale injected 3.74 million USDC into the HyperLiquid platform. This capital influx facilitated the opening
Will Bitcoin be able to surpass Apple by market cap in the near future?