The crypto market is buzzing today! Bitcoin (BTC) soared to a new all-time high of $118K, driven by a massive $1B+ short squeeze. Institutional interest is fueling the rally, with money managers diving in. 💼 Ethereum (ETH) is gaining traction at $2,958, as Wall Street eyes staking and smart contracts. 🔥 XRP is making waves too, with Ripple filing for a banking license, hinting at broader adoption. 🏦
Binance dominates the scene, handling $2T in spot trading and $4.1T in BTC futures in H1 2025, per CryptoQuant. Their reserves hit a record low of 520,000 BTC, signaling a supply squeeze. 📉 Altcoins like Cardano (ADA) ⬆️ 3.5%, Solana (SOL) ⬆️ 2.37%, and Binance Coin (BNB) ⬆️ 0.74% are also climbing. 😎
However, Peter Schiff warns of a BTC pullback, urging investors to pivot to silver. ⚠️ Meanwhile, Bhutan moved $23.73M in BTC to Binance, timing the market peak. 🌍 Stablecoin usage is up, and Binance’s partnership with Worldpay now supports crypto purchases via Apple Pay and Google Pay. 💳 The market cap stands at $3.44T, with volatility looming. Stay sharp! 👀