Bitcoin has surged past the $118,000 mark, marking a significant milestone that underscores its growing dominance in the cryptocurrency market. This remarkable price increase is driven by a combination of
The Bitcoin Cash price has fallen by 6% in the past 24 hours, with its drop to $486.56 coming as the market cools off after Bitcoin (BTC) hit a new ATH yesterday . BCH is now down by 2.5% in the past week and by 7.5% in the past fortnight, although the altcoin holds on to a 10% increase in a month and a 25% gain in the past year. In fact, Bitcoin Cash is up by an impressive 81% since falling to a 2025 low of $268 on April 9, while BTC is up by ‘only’ 53% since hitting its 2025 low, also on the same date. This suggests that BCH has greater medium-term momentum than BTC at the moment, and while it would be a huge stretch to claim that the altcoin will flip Bitcoin this cycle, this momentum points to a very positive Bitcoin Cash price prediction . Bitcoin Cash Price Prediction: BCH Outperforms Bitcoin in 2025 – Could It Flip BTC This Cycle? If we look at Bitcoin Cash’s chart today, we see that be close to correcting, given that its indicators are dropping from overbought positions. For instance, its MACD (orange, blue) appears to have peaked earlier this month, and is now sliding downwards. Source: TradingView Likewise, BCH’s relative strength index (yellow) has dropped from 70 a few days ago to just below 50 today, a sign of a significant dump. Its 24-hour trading volume has also begun to fall away, from just over $520 million a couple of days ago to $320 million today. Worryingly, this is not significantly higher than where it was a year ago, suggesting that Bitcoin Cash hasn’t benefitted that much from the recent market-wide bull movement. There are various reasons for this, but perhaps the biggest reason is the lack of institutional interest in BCH. For example, Bitcoin Cash doesn’t even appear on CoinShares’ Digital Asset Fund Flows report , whereas the likes of BTC, ETH, XRP, SOL and LTC account for anything from $179.5 billion (BTC) to $215 million (LTC) in total assets under management. In turn, this stems from the lack of spot-based BCH ETFs in the US, with the SEC so far delaying to approve any multi-crypto fund (e.g. Bitwise’s 10 Crypto Index Fund ) that also includes Bitcoin Cash. Bitwise announces their 19b-4 to list their 10 Crypto Index fund, which includes XRP. The 19b-4 is the stock exchange listing form. https://t.co/RjT3ZHhTDG pic.twitter.com/v2dPyM6HLf — Chad Steingraber (@ChadSteingraber) November 15, 2024 But once such funds do receive the green light, we could see demand for Bitcoin Cash accelerate, which in turn could boost the Bitcoin Cash price. It has the potential to reach $500 in the next few weeks, while it’s also on course to hit $600 early in the fall. Bitcoin Hyper Raises $2.8 Million for BTC Layer-Two Network: Is This the Next Big Altcoin? Bitcoin Cash isn’t the only BTC-adjacent altcoin that could do very well in the coming months, with several other similar alts also showing lots of potential right now. Chief amongst these is Bitcoin Hyper (HYPER), a new Solana-based layer two network for Bitcoin itself. Bitcoin Hyper has already raised just over $2.9 million in its ongoing presale, with investors excited by its plans for the future. As an L2, it will help Bitcoin users to achieve greater throughput, while also charging a fraction of the usual transaction fees. The platform works by providing a bridge between itself Bitcoin (its Canonical Bridge), which allows users to deposit BTC and receive a corresponding share of Solana-based BTC. Users will then be able to use this bridged BTC with Bitcoin Hyper’s growing ecosystem of DeFi apps, enabling them to put their BTC to work. Bitcoin Hyper batches and compresses its transactions, using zero-knowledge proofs for validation, before committing the state of its network to Bitcoin’s blockchain. Given that HYPER is the native token of the L2, it could experience lots of demand in the coming months. Investors can buy it now by going to the Bitcoin Hyper website and connecting a compatible wallet. HYPER currently costs $0.012275, although this will rise again tomorrow. The post Bitcoin Cash Price Prediction: BCH Outperforms Bitcoin in 2025 – Could It Flip BTC This Cycle? appeared first on Cryptonews .
Brandon Lutnick, the 27‑year‑old son of Commerce Secretary Howard Lutnick, is preparing to finalize roughly a $4 billion deal with bitcoin innovator Adam Back to build up a significant position in the digital currency. According to the Financial Times , people with direct knowledge of the discussions have shared that the acquisition is planned via Cantor Equity Partners 1. It is a special‑purpose acquisition company that secured $200 million in its January IPO. Insiders have said that the negotiations are now approaching their closing stages. The discussions involve terms under which Adam Back, founder of the crypto trading firm Blockstream Capital, would help Cantor Equity Partners 1 buy over $3 billion of bitcoin. This move follows an April initiative Brandon Lutnick led alongside SoftBank and Tether, in which about $3.6 billion was invested in bitcoin. It aligns with Cantor Fitzgerald’s broader strategy of leveraging publicly listed shell vehicles to accumulate bitcoin, capitalizing on a rally in cryptocurrency valuations amid President Trump’s deregulatory push. In May, Howard Lutnick handed control of the firm over to his children. Draft deal includes 30,000 bitcoins and $800 million capital raise Under the draft agreement, Back would transfer as many as 30,000 bitcoins, valued at more than $3 billion, to Cantor Equity Partners 1. The SPAC also plans to raise up to $800 million from outside investors to fund additional purchases, potentially driving the total transaction value past $4 billion. In return for their bitcoin contribution, Back and Blockstream Capital would receive equity in the SPAC, which is slated to be renamed BSTR Holdings. Insiders indicate that as discussions wrap up, the deal could be completed within days, although terms remain under negotiation. Its timing coincides with what some lawmakers have dubbed “crypto week” as Congress considers digital‑currency legislation. Should the transaction close as anticipated, Cantor would rank among the globe’s leading purchasers of cryptocurrency. Lutnick leads Cantor’s crypto push as Back brings bitcoin legacy The effort is spearheaded by Brandon Lutnick, who took the chairmanship in February after his father’s confirmation as the administration’s chief trade representative. Combined with acquisitions through a second listed vehicle, Twenty One Capital, Cantor’s total bitcoin purchases could approach $10 billion by year‑end. Adam Back is widely recognized as one of the earliest champions of cryptocurrency technology. His 1997 introduction of the Hashcash proof‑of‑work mechanism was cited by Satoshi Nakamoto in the original Bitcoin white paper. He went on to co‑found Blockstream in 2014, a blockchain‑technology company backed by investors such as Khosla Ventures and Baillie Gifford. In the current year, Back has funded multiple enterprises building significant bitcoin treasuries. According to investors, he put €5 million into The Blockchain Group, a Paris‑listed company, during an equity raise announced this week. In June, he financed a SEK 150 million convertible bond for H100 Group, a Swedish health‑tech firm that has also added bitcoin to its balance sheet. This transaction reflects a broader movement in which SPAC structures are deployed to acquire bitcoin, as investors look to mirror Michael Saylor’s approach at MicroStrategy Ltd. Other recent players include Trump Media & Technology Group, founded by President Donald Trump, and a blank‑check enterprise led by crypto advocate Anthony Pompliano. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
BitcoinWorld U.S. Stock Market: Crucial Mixed Open Sparks Investor Debate The financial world often operates like a complex symphony, with various instruments playing their part to create a larger composition. Today, the U.S. stock markets opened with a distinctly mixed tune, a scenario that often leaves investors pondering the underlying rhythm. For those keenly watching the cryptocurrency space, understanding these traditional market movements isn’t just academic; it’s crucial for grasping the broader economic currents that frequently ripple into digital asset valuations. Let’s delve into what this mixed opening signifies and how it might influence the dynamic world of crypto. What Does the U.S. Stock Market Performance Reveal? As the trading day commenced, the initial readings from the major U.S. indices presented a nuanced picture: S&P 500: +0.43% NASDAQ Composite: +0.79% Dow Jones Industrial Average: 0% This snapshot immediately tells us that while there’s positive momentum in certain sectors, the market isn’t uniformly surging. The S&P 500, often seen as a bellwether for the broader U.S. economy, showing a modest gain suggests underlying resilience. However, the flat performance of the Dow Jones indicates a lack of decisive direction among its 30 blue-chip constituents. This mixed bag often reflects an environment where investors are selectively positioning themselves, rather than engaging in a broad-based rally or sell-off. Understanding this varied U.S. stock market performance is key to deciphering the prevailing economic mood. Is Strong NASDAQ Performance Driving Optimism? The standout performer this morning is undoubtedly the NASDAQ Composite, registering a solid +0.79% gain. This index is heavily weighted towards technology and growth stocks, making its performance a strong indicator of investor appetite for innovation and future earnings potential. A robust NASDAQ performance often signals a renewed confidence in the tech sector, which has historically been a significant driver of market growth. What might be fueling this optimism? Tech Resilience: Despite previous volatility, many tech giants continue to demonstrate strong earnings and innovation. Interest Rate Expectations: Hopes for a pause or even cuts in interest rates can boost growth stocks, as their future earnings become more valuable. AI Boom: The ongoing excitement around artificial intelligence continues to draw significant investment into companies at the forefront of this technology. For crypto enthusiasts, a strong tech sector can sometimes translate into a positive sentiment for risk assets, including cryptocurrencies, given the technological overlap and growth-oriented nature of both markets. Decoding S&P 500 Trends: A Broader Market Health Check While the NASDAQ captures headlines with its tech-driven surges, the S&P 500 offers a more holistic view of the U.S. equity market. Its +0.43% gain, though modest, is significant. The S&P 500 trends reflect the health of 500 of the largest U.S. publicly traded companies, spanning various sectors from financials to healthcare and consumer goods. This broad representation makes it an excellent barometer for overall economic sentiment. A positive movement in the S&P 500 suggests that a wider range of industries are experiencing positive momentum or at least holding steady. This can be a sign of underlying economic stability, even if the Dow Jones remains flat. Investors often look to the S&P 500 for clues about corporate earnings, consumer spending, and the general direction of the economy. When this index shows gains, it often reinforces a sense of cautious optimism across the market. How Does Investor Sentiment Influence Market Direction? The mixed open is a direct reflection of current investor sentiment – a blend of hope, caution, and strategic positioning. When some indices rise while others remain flat, it suggests a nuanced view among market participants. Factors shaping this sentiment include: Inflation Data: Upcoming or recent inflation reports can heavily sway investor mood. Lower inflation often boosts confidence, while higher inflation can lead to uncertainty. Federal Reserve Policy: The Fed’s stance on interest rates and monetary policy remains a dominant force. Any hints of future rate hikes or cuts can cause significant shifts. Geopolitical Developments: Global events, from conflicts to trade agreements, can introduce volatility and influence risk appetite. Corporate Earnings: Strong earnings reports from bellwether companies can instill confidence, while misses can dampen spirits. Understanding this intricate dance of sentiment is crucial, as it dictates capital flows not just in traditional stocks but also in alternative assets like cryptocurrencies. Exploring the Crypto Market Correlation with Traditional Finance For the cryptocurrency community, the immediate question is always: “What does this mean for Bitcoin and altcoins?” Historically, the crypto market correlation with traditional finance, particularly the tech-heavy NASDAQ, has been observed. When tech stocks perform well, there’s often a spillover effect into riskier assets like crypto, as investors feel more confident deploying capital into high-growth, speculative ventures. Conversely, a downturn in traditional markets can lead to a “risk-off” environment, where investors pull back from crypto. However, it’s important to note that while correlations exist, they are not always perfectly linear or constant. The crypto market has its own unique drivers, including: Regulatory News: Developments in crypto regulation can have a profound impact, independent of stock market movements. Technological Advancements: Breakthroughs in blockchain technology or specific protocols can drive crypto adoption and value. Macroeconomic Factors: Global liquidity, inflation hedges, and the search for alternative investments continue to play a significant role. Market-Specific Events: Halvings, network upgrades, or major exchange news can create internal market dynamics. Today’s mixed stock market open suggests a selective risk-on appetite, which could provide a modest tailwind for digital assets, especially those perceived as growth-oriented. However, the flat Dow reminds us that caution still prevails in some corners of the market. Navigating the Nuances: Challenges and Opportunities The current market landscape presents both challenges and opportunities for investors across the board. The primary challenge lies in the lack of clear, uniform direction. This mixed signal requires investors to be more discerning and less reliant on broad market trends. For instance, while tech might be surging, other sectors might be struggling with inflationary pressures or supply chain issues. Opportunities, however, arise from this very selectivity. Investors can identify sectors or assets that are showing strength and capitalize on them. For crypto investors, this means keeping an eye on projects that align with the current narrative of growth and innovation, much like the tech stocks leading the NASDAQ. Diversification remains a key strategy, spreading risk across different asset classes and within the crypto space itself. Actionable Insights for the Savvy Investor In a market characterized by mixed signals, what steps can investors take? Stay Informed: Keep a close watch on economic data, corporate earnings, and central bank communications. These are the primary drivers of market sentiment. Analyze Sector Performance: Don’t just look at the overall indices. Understand which sectors are leading and which are lagging to identify potential opportunities or risks. Assess Your Risk Tolerance: A mixed market can be volatile. Ensure your portfolio aligns with your comfort level for risk. Consider Diversification: Spreading investments across different asset classes (stocks, bonds, crypto, real estate) can help mitigate risk during uncertain times. Long-Term Perspective: Short-term fluctuations are common. A long-term investment horizon can help weather market choppiness. For crypto investors, this means continuing to research fundamental strengths of projects, understanding their utility, and not solely relying on traditional market movements for investment decisions. A Resilient Outlook Amidst Market Crossroads Today’s mixed opening in the U.S. stock markets serves as a potent reminder of the complex forces at play in global finance. While the NASDAQ’s impressive gains signal robust investor confidence in technology and growth, the S&P 500’s modest rise points to broader market resilience, even as the Dow remains flat, indicating a degree of caution. This nuanced landscape underscores the importance of a discerning approach for investors, both in traditional equities and the interconnected world of cryptocurrencies. As the market continues to unfold, staying informed and adaptable will be paramount to navigating these intricate crossroads successfully. The interplay between traditional financial indicators and the evolving crypto ecosystem will undoubtedly continue to shape investment strategies in the months ahead. To learn more about the latest market trends , explore our article on key developments shaping the financial landscape and crypto market outlook. This post U.S. Stock Market: Crucial Mixed Open Sparks Investor Debate first appeared on BitcoinWorld and is written by Editorial Team
The crypto market is maturing thanks to greater institutional adoption.
The anticipated crypto bills were delayed due to Republican opposition. XRP Coin is poised for potential price growth if market conditions align. Continue Reading: Trump Lashes Out as Crypto Bills Face Unexpected Setback The post Trump Lashes Out as Crypto Bills Face Unexpected Setback appeared first on COINTURK NEWS .
ProShares has launched two new leveraged ETFs focused on XRP and Solana, offering investors amplified exposure to these prominent cryptocurrencies. These ETFs aim to deliver twice the daily returns of
ProShares Debuts Leveraged XRP, Solana ETFs, but they aren't for the risk-averse.
Firedancer has yet to go fully live, but its progress has been “pretty impressive,” a dev said
BitcoinWorld Crucial US House Crypto Bills Set for Pivotal July Vote The cryptocurrency world is on high alert as the U.S. House of Representatives prepares for a series of pivotal votes on significant crypto bills . This legislative push could reshape the regulatory landscape for digital assets in America, impacting everything from how tokens are classified to the very future of central bank digital currencies. Are we on the cusp of clarity or complexity? What’s Happening with US House Crypto Legislation? According to Eleanor Terrett, host of Crypto in America, U.S. House Majority Leader Steve Scalise has scheduled a critical July 15 vote. This procedural vote aims to advance three major pieces of cryptocurrency legislation to the House floor, with final votes potentially taking place as early as July 16 or 17. This swift progression signals a serious intent from lawmakers to address the burgeoning digital asset space. The bills in question are: The CLARITY Act : Focused on establishing a clear market structure for digital assets. The GENIUS Act : Aimed at creating a regulatory framework for stablecoins. The Anti-CBDC Surveillance State Act : Proposing a ban on a U.S. central bank digital currency (CBDC). These legislative efforts represent a significant moment for the industry, as they could provide much-needed regulatory certainty or, conversely, impose restrictive measures. The outcome will undoubtedly influence the trajectory of innovation and investment within the United States’ crypto ecosystem. Decoding the CLARITY Act: Defining the Digital Asset Market One of the most anticipated pieces of legislation is the CLARITY Act. Its primary goal is to provide a definitive framework for the classification and regulation of digital assets. For years, the crypto industry has grappled with a lack of clear guidelines, leading to uncertainty over whether a digital asset should be considered a security, a commodity, or something else entirely. This ambiguity has stifled innovation and made it challenging for businesses to operate within legal boundaries. The CLARITY Act seeks to: Establish clear definitions for various types of digital assets. Determine which regulatory bodies (e.g., SEC, CFTC) have jurisdiction over specific assets. Create a pathway for projects to comply with regulations without stifling technological advancement. If passed, this act could bring a new era of predictability to the digital asset market , potentially attracting more institutional investment and fostering greater mainstream adoption. It’s about creating a level playing field where innovation can thrive within a regulated environment. The GENIUS Act: What Does it Mean for Stablecoin Regulation? Stablecoins have emerged as a critical component of the crypto economy, acting as a bridge between traditional finance and decentralized digital assets. However, their rapid growth has also raised concerns about stability, transparency, and consumer protection. The GENIUS Act directly addresses these issues by proposing a comprehensive framework for stablecoin regulation . Key aspects of the GENIUS Act are expected to include: Reserve Requirements : Mandating that stablecoin issuers hold adequate reserves to back their tokens, ensuring 1:1 parity with the underlying fiat currency. Auditing and Transparency : Requiring regular audits and public disclosures of reserve holdings to build trust and prevent collapses like that of TerraUSD. Licensing and Supervision : Establishing a licensing regime for stablecoin issuers, potentially under the oversight of federal banking regulators. The push for robust stablecoin regulation is a response to global financial stability concerns and the need to protect consumers. A well-regulated stablecoin market could enhance confidence in the broader crypto ecosystem, making it a more reliable and integrated part of the global financial system. The Anti-CBDC Surveillance State Act: Preventing a US CBDC Ban? Perhaps the most contentious of the three bills is the Anti-CBDC Surveillance State Act, which aims to prohibit the creation of a U.S. central bank digital currency (CBDC). The concept of a CBDC has been a topic of intense debate, with proponents citing potential benefits like faster payments and financial inclusion, while critics raise serious concerns about privacy, government overreach, and potential for surveillance. Those advocating for a CBDC ban argue that a government-issued digital currency could: Erode Financial Privacy : Allowing the government to track every transaction, potentially leading to a loss of financial anonymity. Enable Surveillance : Providing a tool for direct government control over citizens’ spending habits and access to funds. Centralize Power : Shifting significant economic power from commercial banks and individuals to the central bank. The passage of this act would signal a strong legislative stance against a U.S. CBDC, prioritizing individual privacy and decentralized finance over potential governmental control. This is a critical point for many in the crypto community who value the permissionless and private nature of existing cryptocurrencies. Why These Crypto Bills Matter to You Whether you’re an investor, a developer, or simply curious about the future of finance, these impending votes carry immense weight. The decisions made in the coming days will have ripple effects across the entire crypto landscape: For Investors : Regulatory clarity can reduce market volatility and attract more capital, potentially leading to growth. Conversely, overly restrictive laws could deter investment. For Businesses and Innovators : Clear rules of the road are essential for building sustainable businesses. Uncertainty breeds hesitation, while a defined framework can foster innovation. For the Global Standing of the US : How the U.S. regulates crypto will influence its competitiveness in the global digital economy. Other nations are watching closely. For Privacy Advocates : The CBDC debate directly impacts the future of financial privacy and the balance of power between citizens and the state. The stakes are incredibly high, and the outcomes of these votes could define the next chapter for digital assets in the United States. What Happens Next? Actionable Insights As the July 15 procedural vote approaches, followed by potential final votes on July 16 or 17, here’s what to watch for: Bipartisan Support : Will these bills garner enough support from both sides of the aisle to pass? Bipartisan backing is crucial for enduring legislation. Industry Reaction : How will the cryptocurrency industry, advocacy groups, and major players react to the results? Their response could influence future legislative efforts. Market Impact : While direct price movements are hard to predict, significant regulatory news often causes market shifts. Stay informed and be prepared for potential volatility. Global Implications : How will other countries react to the U.S. stance on crypto regulation, particularly concerning stablecoins and CBDCs? Staying informed through reliable sources like Eleanor Terrett’s updates will be key. This moment could mark a significant turning point, bringing either much-needed certainty or new challenges to the rapidly evolving world of digital finance. A Pivotal Moment for Digital Assets The impending votes in the U.S. House of Representatives on the CLARITY Act, the GENIUS Act for stablecoin regulation, and the Anti-CBDC Surveillance State Act represent a truly pivotal moment for the cryptocurrency industry. These legislative efforts aim to bring structure and clarity to a space that has long operated under a cloud of regulatory ambiguity. Whether they succeed in fostering innovation while ensuring consumer protection and financial stability remains to be seen. The outcomes will not only shape the future of the digital asset market in the United States but will also send a powerful signal to the global financial community. The world is watching as the U.S. grapples with defining its role in the digital financial revolution. To learn more about the latest crypto market trends, explore our article on key developments shaping digital asset market institutional adoption. This post Crucial US House Crypto Bills Set for Pivotal July Vote first appeared on BitcoinWorld and is written by Editorial Team