đď¸ Headlines & Market Drivers:
⨠Bitcoin:
⢠New all-time high: Bitcoin recently jumped above $118,000, hitting between $118,661 and $118,856, a ~26% increase yearâtoâdate.
⢠Rally drivers: Institutional buying, spot Bitcoin ETF inflows, and hopes of positive U.S. crypto legislation in the "Crypto Week" ahead are driving optimism.
⨠Ethereum:
⢠Ethereum hit $3,000, reaching an all-time high of $3,014.95, due to inflows from ETFs and overall bullish sentiment. Experts now project it to move towards $4,400.
⢠Institutional positioning: Traditional finance institutions are stacking and holding ETH more, seeing it as a "productive asset" due to decentralized applications, smart contracts, and the staking reward.
⨠Stablecoins & NFTs:
⢠Circle and OKX tie-up: Strategic collaboration to enhance USDC liquidity globally, enhancing its convertibility and trading prowess.
⨠Regulation & Politics:
⢠Crypto Week begins July 14: Key bills such as the CLARITY Act, AntiâCBDC Surveillance State Act, and Genius stablecoin bill will be up for debate in the U.S. House and Senate.
⢠Binance allegedly developed stablecoin code for a crypto company associated with former President Trump's businesses.
⢠U.S. federal crypto reserve: In March of 2025, the U.S. government put in place a strategic Bitcoin reserve that cemented institutional trust and added to market momentum.
⨠Predictions & Commentary:
⢠Analysts predict Bitcoin reaching $120K or higher as it is driven by legislative momentum and increasing ETF inflows.
⢠Investment strategist Ric Edelman opines that Bitcoin may reach $500,000 by 2030 as institutional adoption accelerates.
⢠Skeptics such as Peter Schiff predict a speculative bubble, proposing that silver could surpass Bitcoin in the short term.
