Crypto Market Highlights – July 12
1. Bitcoin hits new ATH at \$118K
Fueled by strong ETF inflows, bullish sentiment, and a weak USD. Trading volumes are surging across the board.
2. BTC joins top 10 global currencies
Bitcoin now surpasses the Brazilian Real by market cap — a major milestone for a decentralized asset.
3. MEXC under fire
Multiple users report account freezes & withdrawal blocks (30–365 days) after profitable trades. Reason cited: "abnormal activity."
4. $1.1B liquidated in 24H
Mainly short sellers as BTC’s rally triggered a massive short squeeze. BTC & ETH lead the wipeout.
5. ETH futures flip BTC
Ethereum futures volume (\$62.1B) surpasses Bitcoin (\$61.7B) for the first time — eyes now on ETH momentum.
6. Big short on ETH
A whale opened a \$3.74M short (15x leverage) on HyperLiquid — betting on ETH downside.
7. Tether ends USDT on 5 blockchains
Support removed from Omni, EOS, Algorand, BCH-SLP & Kusama due to low activity.
8. Jerome Powell resignation rumors
Reports suggest Fed Chair Powell may resign under political pressure. No official confirmation yet.
Stay sharp, fam. Markets are moving fast.