๐จBreaking News๐จ
$BTC $ETH $USDC
๐๏ธ Headlines & Market Drivers:
โจ Bitcoin:
โข New all-time high: Bitcoin recently jumped above $118,000, hitting between $118,661 and $118,856, a ~26% increase yearโtoโdate.
โข Rally drivers: Institutional buying, spot Bitcoin ETF inflows, and hopes of positive U.S. crypto legislation in the "Crypto Week" ahead are driving optimism.
โจ Ethereum:
โข 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.
โข 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.
โจ Stablecoins & NFTs:
โข Circle and OKX tie-up: Strategic collaboration to enhance USDC liquidity globally, enhancing its convertibility and trading prowess.
โจ Regulation & Politics:
โข Crypto Week begins July 14: Key bills such as the CLARITY Act, AntiโCBDC Surveillance State Act, and Genius stablecoin bill will be up for debate in the U.S. House and Senate.
โข Binance allegedly developed stablecoin code for a crypto company associated with former President Trump's businesses.
โข 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.
โจ Predictions & Commentary:
โข Analysts predict Bitcoin reaching $120K or higher as it is driven by legislative momentum and increasing ETF inflows.
โข Investment strategist Ric Edelman opines that Bitcoin may reach $500,000 by 2030 as institutional adoption accelerates.
โข Skeptics such as Peter Schiff predict a speculative bubble, proposing that silver could surpass Bitcoin in the short term.