Crypto Conviction Heats Up as Bitcoin Nears $109K Highs
Bitcoin is trading around $108,800—just 2% below its all-time high from May 2025.
On-chain data show both long-term and short-term holders adding to their positions at the same time. This rare alignment often precedes new price highs.
The U.S. Dollar Index is at a 21-year low, which is boosting demand for risk assets like Bitcoin and Ethereum.
GameSquare, a Nasdaq-listed company, just announced a $100 million shift into Ethereum as its primary reserve asset. This move highlights growing corporate confidence in ETH.
Next week is “Crypto Week” in the House, with planned votes on three major bills:
• The CLARITY market-structure bill
• The Anti-CBDC Surveillance State Act
• The Senate-passed GENIUS stablecoin bill
In the Senate, Ripple CEO Brad Garlinghouse is testifying today, pitching XRP as “internet-scale money.” Meanwhile, the SEC has told spot-Solana ETF applicants to refile by the end of July—signaling possible approvals before October.
On the speculative front, Elon Musk’s “peanut-powered rockets” tweet sent the PNUT meme token up over 10% in 24 hours. Other tokens like BONK and WIF remain range-bound as whales continue to accumulate.
How are you positioning yourself—rotating, hedging, or holding steady? Follow Binance Square for live updates!