Tether USDt gains ground against Circle’s USDC on BitPay, despite USDC’s prior dominance on the platform. According to data shared by BitPay, USDC, which held an 85% transaction share in January 2024, saw its share drop to 56% by May 2025. In contrast, USDt climbed from 13% to 43% over the same period, reflecting a clear change in user and merchant preferences. This transition comes amid Circle’s high-profile public listing in June and its regulatory advantages under Europe’s Markets in Crypto-Assets Regulation (MiCA). Despite these strengths, Tether’s simplicity and user familiarity appear to have swayed the market’s momentum, particularly within payment flows. What Drives Tether Surge? Beyond transaction counts, Tether has established itself as the leading stablecoin by payment volume on BitPay. According to the crypto payment platform, USDT began capturing a significant share of processed stablecoin volume in March 2025, eventually surpassing 70% of total stablecoin volume on the platform. BitPay’s Chief Revenue Officer, Bill Zielke, noted that while USDC continues to hold the top spot in transaction counts, the volume shift to Tether is driven by both an increase in overall stablecoin transactions and a noticeable swing among existing users and merchants preferring USDT over USDC. Zielke added that although BitPay maintains a strong user base in Europe, its focus remains on expanding its reach within the United States. Divergent Strategies Amid Regulatory Shifts The competition between the two stablecoin issuers extends beyond user metrics, reflecting stark differences in regulatory strategy. Circle became the first global stablecoin issuer to secure MiCA approval in July 2024, positioning itself to comply with evolving European frameworks. In contrast, Tether has openly rejected MiCA compliance , citing concerns with specific regulatory provisions. Further, while Circle proceeded with a $1.05 billion public listing on June 5, Tether CEO Paolo Ardoino confirmed that his company has no plans for an IPO, maintaining a private operational structure. Despite USDC’s slip on BitPay, it has seen robust market capitalization growth, rising 88% year-over-year to $61.7 billion. Meanwhile, Tether’s market value climbed 40% to $158.3 billion during the same period, underscoring both stablecoins’ expanding footprint amid rising institutional and retail adoption. The post Tether Overtakes USDC in Payment Volumes on BitPay appeared first on TheCoinrise.com .
BitcoinWorld Bitcoin’s Bold Ascent: Why the Derivatives Market Signals Caution The cryptocurrency world is abuzz! Bitcoin (BTC) has once again captured headlines, surging remarkably close to its all-time high. For many, this is a clear sign of renewed strength and a potential bull run. However, a deeper dive into the sophisticated world of the derivatives market reveals a more nuanced story. While the price action is undoubtedly exciting, professional traders are signaling a significant degree of hesitation, raising questions about the conviction behind this impressive crypto rally . Understanding the Derivatives Market’s Hesitation on Bitcoin ‘s Surge When Bitcoin’s price approaches significant milestones, it’s natural for excitement to build. But seasoned investors and analysts often look beyond spot prices to the derivatives market for a clearer picture of professional trader sentiment . This market, which includes futures and options, provides valuable insights into how institutional players and experienced traders are positioning themselves. According to Cointelegraph, despite BTC soaring above $109,000 and coming within 2% of its previous peak, key derivatives metrics are flashing yellow, not green. Here’s what we’re seeing: BTC Futures Premium: This metric, also known as the basis, measures the difference between futures contract prices and the current spot price. A healthy bull market typically sees a futures premium above 5%, indicating traders are willing to pay more for future exposure, expecting higher prices. Currently, the BTC futures premium remains below this neutral 5% level. This suggests a lack of aggressive long positioning and speculative buying from professional traders. They aren’t betting big on sustained price increases. 25% Delta Skew: The delta skew for Bitcoin options assesses the cost of call options versus put options at similar maturities. A positive skew indicates that call options (bets on higher prices) are more expensive than put options (bets on lower prices), reflecting bullish sentiment. A negative skew suggests bearishness. The fact that the 25% delta skew remains at 0% signals a perfectly neutral outlook. Traders aren’t paying a premium for upside protection or downside hedges, indicating no strong directional conviction. They’re essentially saying, “We don’t know which way it’s going, so we’re not committing.” These two indicators, when combined, paint a picture of caution. While retail enthusiasm might be pushing the spot price, the smart money appears to be holding back, suggesting that this rally might lack the broad-based institutional support typically seen in robust bull markets. Why is Trader Sentiment So Cautious Despite Rising BTC Price ? The discrepancy between Bitcoin’s rising price and the cautious derivatives market isn’t happening in a vacuum. Several macroeconomic factors and global uncertainties are likely contributing to this reserved trader sentiment : Global Economic Uncertainty: Persistent concerns over global trade tensions, potential economic slowdowns, and geopolitical instability create an environment of risk aversion. Even assets like Bitcoin, sometimes seen as a safe haven, are not immune to broader market jitters. Investors might be hesitant to commit large capital to riskier assets when the global economic outlook remains cloudy. Eurozone Monetary Expansion: While monetary expansion might theoretically support asset prices by increasing liquidity, its effectiveness and long-term implications are still being debated. Traders might be wary of the potential for inflation or other unintended consequences, leading them to exercise caution. Weaker U.S. Payroll Data: Softer economic data from major economies like the U.S. can signal a weakening global economy. This can lead to reduced consumer spending and investment, which in turn can dampen appetite for speculative assets. These macroeconomic signals create a complex backdrop for Bitcoin. While some might interpret them as reasons for Bitcoin to shine (e.g., as a hedge against inflation or currency devaluation), others see them as reasons to remain defensive and cautious, especially given the asset’s historical volatility. Regional Weakness and ETF Outflows: Further Dampening the Crypto Rally Beyond the derivatives market, other indicators suggest underlying weakness in demand, further contributing to the hesitant trader sentiment surrounding the current crypto rally : Weak Crypto Demand in China: China has historically been a significant market for cryptocurrency. However, reports indicate that Tether (USDT), a stablecoin widely used for trading in the region, is currently trading at a 1% discount. This discount suggests an oversupply of USDT relative to demand, often indicating that local traders are selling off their crypto holdings and moving into fiat, or that capital controls are making it harder to acquire USDT. This is a notable shift from periods where USDT traded at a premium, signaling strong demand. BTC ETF Outflows: Tuesday saw a significant $342 million in outflows from Bitcoin exchange-traded funds (ETFs). ETFs were once hailed as a major driver for institutional adoption and increased demand. Consistent outflows, especially substantial ones, indicate that institutional investors or large holders are withdrawing capital from these accessible Bitcoin investment vehicles. This directly contradicts the narrative of strong, sustained institutional demand for Bitcoin at its current price levels. These regional and institutional outflows are critical. They show that while Bitcoin’s spot price is climbing, the underlying demand from key segments of the market might not be as robust as the price action suggests. This creates a disconnect that experienced traders are keenly aware of, hence their cautious positioning in the derivatives market. Navigating the Uncertainty: What Does This Mean for Your Portfolio and Bitcoin’s Price ? So, what should investors make of this mixed signal? On one hand, Bitcoin is demonstrating remarkable resilience, pushing towards new highs. On the other, the sophisticated players are not yet fully on board, raising concerns about the sustainability of this current upward trend. Here are some actionable insights and considerations: Monitor Derivatives Closely: Keep an eye on the BTC futures premium and delta skew. A sustained increase in the premium above 5% and a positive delta skew would signal a shift in professional trader sentiment and stronger conviction behind the rally. Assess Macroeconomic Developments: Pay attention to global economic data, central bank policies, and geopolitical events. These factors significantly influence risk appetite and can either support or hinder further Bitcoin gains. Understand Regional Dynamics: While China’s market might be complex, the USDT discount is a tangible sign of reduced demand. Similarly, ongoing ETF flows provide a pulse on institutional interest. Risk Management is Key: In an environment of uncertainty, robust risk management becomes even more crucial. Consider setting stop-losses, diversifying your portfolio, and not over-allocating to a single asset, even one as compelling as Bitcoin. Long-Term vs. Short-Term: This analysis primarily focuses on short-to-medium term market dynamics. Long-term investors who believe in Bitcoin’s fundamental value proposition as a decentralized, scarce asset might view these fluctuations as temporary noise. However, short-term traders need to be acutely aware of these conflicting signals. The current situation highlights the complexity of the crypto market. It’s not just about price, but also about the underlying conviction and demand from all market participants, especially the institutional ones who can move markets significantly. The Road Ahead: Will the Crypto Rally Find Full Support? The question on everyone’s mind is whether this impressive Bitcoin surge will eventually gain the full backing of the derivatives market . For a truly sustainable and robust bull run, we would ideally see futures premiums rise, delta skew turn positive, and strong inflows into institutional products like ETFs. Without this alignment, the current rally could be more vulnerable to corrections or consolidation. The coming weeks will be crucial. Will the positive momentum in the spot market eventually sway the cautious professionals? Or will the hesitancy in the derivatives market act as a ceiling, preventing Bitcoin’s price from breaking out definitively to new all-time highs? The interplay between these forces will define the next chapter for the world’s largest cryptocurrency. In short, while Bitcoin’s price is soaring, the derivatives market has yet to show full support for the rally. This creates a fascinating tension, reminding us that market analysis requires looking at all angles, not just the most obvious one. It’s a powerful reminder that even in a surging market, prudence and a comprehensive understanding of all market indicators are paramount. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin price action. This post Bitcoin’s Bold Ascent: Why the Derivatives Market Signals Caution first appeared on BitcoinWorld and is written by Editorial Team
As July 2025 arrives, XRP is also trading in an area of increased expectation. The token has ridden out the regulatory turbulence and is now supported by Ripple's growing On-Demand Liquidity (ODL) network and improved legal landscape. But what do the charts and indicators say it will do next? Price Structure and Key Levels XRP's price action since the start of 2025 has been defined by a series of higher lows, which suggests an uptrend forming. The token has established a firm support level between $0.70 and $0.80, where buyers consistently come in. Conversely, resistance has formed at $1.20—a level that has reined in rallies multiple times this year. Technical Analysis: What Do the Charts Say? Technical traders are closely following the convergence of the 50-day and 200-day moving averages. The pattern, a ”golden cross,” is typically bullish and indicates that short-term momentum is overpowering the longer-term trend. When the 50-day MA crosses above the 200-day MA in July, it can trigger a wave of algorithmic and retail buying. Current Status : Moving averages are closest now, with the 50-day MA rising at an increased slope and the 200-day MA flattening to its most horizontal. What to Watch : A confirmed golden cross, especially if it is preceded by a spectacular surge in trading volume, would take XRP up to the next resistance at $1.80. RSI and Momentum The Relative Strength Index (RSI) is currently hovering near 60. This suggests that XRP is in bullish territory but not yet overbought (which typically occurs above 70). The RSI’s steady climb from the low 40s in May to its current level reflects growing momentum and renewed investor interest. Volume and Volatility: The Fuel for Breakouts Volume is the fuel of any sustained price action. The volume of XRP has been higher over the past while, especially on those days where there were announcement days with significant partnership news or regulatory updates. Volatility remains moderate compared to previous bull cycles, which means interest is growing but the market remains far from panicked. Bullish Scenario : Break above $1.20 followed by an increase in volume can force XRP to test $1.80 or even $2.00 in short order. Bearish Scenario : Failure to break resistance, coupled with declining volume, can lead to a retest of the $0.80 support. Analyst Price Projections for July 2025 Despite nobody being able to actually know what's going to happen, this is what top analysts and models expect from XRP this month: Analyst/Model July 2025 Price Target Rationale CryptoQuant $1.50–$2.20 ODL growth and positive regulatory news Cointelegraph $1.80 Technical breakout and altcoin rotation Twitter Polls $1.20–$2.00 Community bullishness and ETF rumors On-Chain Metrics $1.60 Whale accumulation and rising active addresses Final Thoughts XRP's technical setup for July 2025 is one of cautious optimism. The convergence of moving averages, bullish RSI, and rising volume all indicate that a powerful move could be in the offing—if key resistance levels are breached. Once more, always, technical indicators need to be married up with news flow and on-chain data for an overall picture, and volatility needs to be expected as the market digests each new development.
JD.com and Ant Group are lobbying the People's Bank of China to authorize a yuan-based stablecoin in Hong Kong, aiming to reduce reliance on US dollar-backed digital currencies. Both companies plan to issue Hong Kong dollar-backed stablecoins when new regulations take effect on August 1, but argue that a yuan-pegged version is essential for promoting the yuan's international use. Currently, over 99% of stablecoins are tied to the US dollar, with Tether's USDT holding a 68.2% market share. Chinese exporters increasingly use USDT for international payments, bypassing currency risks and capital controls. Despite China's 2021 ban on cryptocurrencies, policymakers are showing interest in stablecoins for cross-border payments. Hong Kong's upcoming Stablecoin Ordinance provides a regulatory framework, allowing companies like JD.com and Ant Group to apply for licenses. If approved, a yuan-pegged stablecoin could mark a significant shift in China's approach to digital assets and enhance the yuan's role in global finance.
If Standard Chartered’s latest report containing fresh predictions for Bitcoin is anything to go by, the coming 6 months of 2025 could offer an unprecedented window of opportunity for long-term HODLers of the asset. According to the UK bank’s analyst Geoff Kendrick, $BTC could hit new all-time highs in Q3 and Q4, fueled by institutional treasury buying, strong ETF support, and a potential departure from the historical post-halving downtrend pattern. Keep reading to learn more about Bitcoin’s immediate future, the factors driving momentum, and why the $BTCBULL presale is in a pole position to ride this bullish wave. Top 3 Reasons Behind Standard Chartered’s Bullish Bitcoin Stance First, Geoff Kendrick expects that institutional investors and public companies (think of Strategy and MetaPlanet’s $BTC buying sprees) will together buy up more Bitcoin in both Q3 and Q4 individually than the 245K $BTC acquired in Q2. Second, spot ETF inflows have now exceeded previous levels, with total assets under management (AUM) exceeding $130B . Note that BlackRock’s IBIT alone accounts for over $70B, making it the fastest-growing ETF product in history. Third, Kendrick pointed out that, unlike previous post-halving cycles, which triggered 18-month sell-offs, Bitcoin is in a much stronger position right now (thanks to the two reasons above), and so it’s unlikely to follow the same bearish pattern. How High Can $BTC Reach? Bitcoin is up 2.08% over the past 24 hours after having broken out of a descending trend line, suggesting bullish times ahead. Combined with strong trading volumes, and as Kendrick highlighted, we can expect $BTC to reach new all-time highs during its current rally. If momentum holds and no major macroeconomic shocks occur, Bitcoin looks well-positioned to reach $125K by the end of the year. Fancy riding this momentum but without having to shell out $109K to buy one $BTC? Take a look at BTC Bull Token , one of the hottest crypto presales on the market right now. What is BTC Bull Token? $BTCBULL is a new cryptocurrency project rooted in Bitcoin. Its aim? Cheer on the king cryptocurrency while allowing Bitcoin maximalists a low-cost way to invest in and benefit from the biggest crypto in the world. What sets it apart is its unique airdrop system. Unlike other top meme coins that hand out more of their own tokens for free, BTC Bull Token flips the script by distributing free $BTC to its token holders. Every time Bitcoin reaches a new milestone, such as $150K and $200K, $BTCBULL holders who have stored their tokens in Best Wallet (one of the best crypto wallets ) will automatically receive their $BTC share. BTC Bull Token Burns Supply to Boost Value $BTCBULL holders will get free $BTC when Bitcoin hits certain price milestones, but they’ve not stopped there; the project’s token burn model is equally instrumental in ensuring long-term growth. By reducing the total $BTCBULL presale supply at regular intervals, the devs plan to make each token more scarce. And in crypto, scarcity usually drives value, which could be the case with BTC Bull Token. But the most interesting twist? These burn events are strategically scheduled to occur every time Bitcoin climbs another $50K. So, the first $BTCBULL burn will occur when Bitcoin reaches $125K, followed by $175K, and $225K. It’s an incredibly smart move, seeing as it directly ties the token’s growth to Bitcoin’s success. Every $BTC surge could, therefore, serve as a potential catalyst for $BTCBULL’s value. Buy $BTCBULL Presale Before it Ends in 4 Days If you want to ride Bitcoin’s next big breakout, BTC Bull Token might be your best bet. With Bitcoin poised to capture new all-time highs, including levels $150K & $200K, holders of BTC Bull Token could cash in not just on price action, but also on free $BTC airdrops tied to those levels. And speaking of price action, our BTC Bull Token price prediction suggests that it could be the next crypto to explode , reaching $0.0187 by 2026 – a nearly 620% gain. Interested? You can still buy BTC Bull Token while it’s in the final leg of its presale. It has already raised around $8M, and is poised for a strong finish. With just 4 days left before $BTCBULL hits the exchanges, this is your last chance to grab it at an ultra-low price of $0.002585. Once it lists, you’ll likely never see this price again. For more information about the best Bitcoin-themed meme coin yet, check out $BTCBULL’s whitepaper . And stay updated by following their X feed and joining their Telegram channel . Summary Standard Chartered’s extremely bullish $150K prediction for Bitcoin by year-end, combined with the fact that the second half of a year is typically $BTC’s strongest, could usher in a new wave for newer promising altcoins. If that plays out, BTC Bull Token ($BTCBULL) stands to gain massively thanks to its free $BTC airdrops and token burns tied to Bitcoin’s price. With that said, we’d like you to remember that investments in crypto are risky. Kindly do your own research before jumping in; this article isn’t financial advice.
The IMF rejected Pakistan's energy subsidy proposal for crypto mining, citing market disruption. The government aims to revise and resubmit the proposal or find alternative support. Continue Reading: IMF Rejects Pakistan’s Bold Energy Subsidy Plan for Crypto Mining The post IMF Rejects Pakistan’s Bold Energy Subsidy Plan for Crypto Mining appeared first on COINTURK NEWS .
The post SUI Price Eyes $3.30 as RSI Nears Overbought, What’s Next? appeared first on Coinpedia Fintech News Sui has emerged as one of the top gainers today, fueled by bullish macro news and explosive on-chain fundamentals. As of press time, SUI is priced at $3.02, up 9.58% in the past 24 hours and nearly 13% on the week, which is an impressive gain. Much of this enthusiasm comes from the SEC’s approval of a Grayscale ETF that includes leading assets such as BTC, ETH, SOL, XRP, and ADA. This has lifted sentiment across the Layer-1 space, including SUI. On the utility side, the Sui network hit a key milestone by processing $27.3 billion in token volume in June, signaling significant ecosystem growth and dApp usage. Intriguing enough? Join me as I decode the short-term SUI price analysis. Sui Price Analysis: Technically speaking, SUI is showing signs of bullish momentum, supported by surging volume and a breakout from key resistance zones. The 4-hour chart shows SUI trading above the 20-day Bollinger Band midline and holding well above the lower band. The token hit a 24-hour high of $3.08 and is now testing a critical resistance zone between $3.20 and $3.30, as marked on the chart. This area has previously rejected price advances and could act as a short-term hurdle. If bulls manage to push above this level with sustained volume, a breakout toward new local highs could follow. On the downside, immediate support lies at $2.9847, aligning closely with the middle Bollinger Band and psychological support. Below that, $2.84 is a major support level, clearly marked on the chart, and has historically served as a strong demand zone. Also read: Sui Price Prediction 2025, 2026-2030! FAQs Why is SUI price surging today? ETF news, surging transaction volume, and strong on-chain fundamentals have all contributed to the bullish move. Should I buy SUI now? The RSI at 68.6 suggests it’s nearing overbought territory, which may lead to consolidation or a minor pullback. What are the key support and resistance levels to watch? Resistance lies at $3.20–$3.30, support is seen at $2.9847 and $2.84 on the downside.
The Altcoin Season Index (ASI) from CoinMarketCap reveals a decisive Bitcoin Season with a current score of 24, signaling Bitcoin’s dominance over altcoins in recent market trends. This index, which
Bitcoin climbed above $109K, triggering a surge across the markets: Ethereum ($ETH) – up 4.65% XRP ($XRP) – up 3.86% Solana ($SOL) – up 7.85% Tron ($TRX) – up 4.17% But one of the biggest daily surges came from an unexpected corner, as Dogecoin mounted an 8% rally and broke the key $0.17 mark. As meme coins rebound, could the purest meme coin of them all be poised to hit the stratosphere? Time for a closer look. What’s Driving the Rally? A wave of optimism around potential US Federal Reserve rate cuts , prompted by recent dovish statements from key officials, energized risk assets. Overall, markets are bullish and tokens are up for a number of reasons. Approvals of new crypto exchange-traded funds (ETFs) signaled increased institutional interest, especially in altcoins. Greater clarity in US crypto regulation is drawing fresh capital into the market. Growing TradFi and DeFi convergence – including banking applications for key crypto institutions – has lowered barriers to entry while increasing a sense of trust. There’s still uncertainty, especially ahead of the Labor Department’s expected employment report on July 3. But for now, positivity reigns, and traders clamor for more gains. Zach Pandl, head of research at Grayscale, noted , ‘Bitcoin is in the passenger seat… Recent crypto ETP approvals may be raising investor confidence that TradFi capital will make its way into altcoins.’ He expects new token highs later in the year, and it’s not just Bitcoin we’re talking about. Wider Market Backdrop Still Positive for Key Crypto Players US equity benchmarks like Nasdaq and the S&P 500 also ticked up, with the S&P 500 hitting an all-time high . However, geopolitical and fiscal uncertainties – such as the delayed U.S. budget , ongoing global trade tensions, and regional conflicts – remain a constant worry for investors. Spot Bitcoin ETFs saw net outflows on July 1 , suggesting some caution, though that was the first day in a 15-day streak of inflows. Ripple’s application for a national bank charter with the US Office of the Comptroller of the Currency (OCC) marked another sign of growing institutional integration. And President Trump’s enthusiastic endorsement of a U.S.-Vietnam trade deal may boost broader risk-on sentiment. All told, it’s no surprise that Dogecoin made a strong push – and could be forming the base for another surge to $0.19 or beyond. A strong performance from the world’s biggest meme coin creates a favorable environment for the purest, simplest, strongest meme coin presale – Token6900 ($T6900). Token6900 ($T6900) – All Meme, All the Time First there was the SPX6900 token, a meme with no utility, just a $1.2B market cap. It’s up 4.3% in the past week, kicking butt and taking names. Now there’s Token6900 ($T6900) , with even less utility but more…tokens? Yes, it has one more token than SPX6900. Talk about pettiness, right? The project is pure meme coin madness, all mood and all vibe. And it’s all potential, too – the potential to ride the growing meme market to unprecedented heights. The truth of $T6900 is that it isn’t just another meme coin – it’s the most literal meme coin possible. The truth is the meme, and the meme is truth. There’s no hiding, no fancy promises of future utility – just a meme, a presale, and slaptastic potential. True meme coin aficionados are already buying in; the presale has raised over $191K in a matter of days, with tokens priced at only $0.006425. Visit the Token6900 presale page to learn more. Memes Ready to Make Bank in Bullish Markets Crypto markets are currently buoyed by encouraging macro signals, institutional momentum, and regulatory progress. While underlying uncertainties persist, the prevailing sentiment leans toward upside – and Token6900 taps into that outlook to unleash pure meme coin momentum. Do your own research – this isn’t financial advice.
OpenAI has warned people to “be careful” of so-called tokenized equity...