Here are the latest crypto news updates as of July 12, 2025:
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📈 1. Major Liquidation & Hot Liquidity
Traders experienced more than US$1 billion in short positions liquidated: approximately US$678 million in BTC and US$300 million in ETH. This reflects very strong leveraged demand as prices break through new all-time highs.
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📝 2. Price Prediction & Technical Outlook
Bitcoin: Analysts estimate resistance levels around US$120k–122.8k with support at US$116k and US$111k—predicted to continue moving bullish.
Several long-term targets loom high: Bitwise CIO predicts Bitcoin could break US$200k by the end of 2025, while there are more conservative expectations of up to US$130k in the near term.
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🌐 3. Ethereum Momentum & Companies Switching
Companies like BitMine Immersion and SharpLink Gaming are shifting focus to ETH, taking advantage of staking, smart contracts, and the DeFi sector—implying that Ethereum is now considered a “productive asset” by institutional investors.
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🏛️ 4. US Regulation: "Crypto Week"
Important legislative drafts like the GENIUS Act (stablecoin), CLARITY Act (digital market rules), and Anti-CBDC Surveillance Act (preventing the Fed from issuing CBDC) will be discussed in the US House of Representatives during the upcoming crypto week—following prior approval in the Senate. This momentum strengthens institutional support for crypto in the US.
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🇺🇸 5. Strategic Bitcoin Reserves & Pro-Crypto Policies
The US government, through an Executive Order in early 2025, has established a Strategic Bitcoin Reserve, utilizing seized BTC as a national reserve (estimated to include ~200 thousand BTC).
This aligns with the policies of Trump and Biden, demonstrating the country's commitment to digital assets, including freezing CBDC initiatives and supporting crypto regulations.
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