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Here’s a concise summary of the latest news regarding Bitcoin (BTC) and Tether (USDT) based on recent developments:

Bitcoin Price Surge: Bitcoin reached a new all-time high of $118,288 on July 11, 2025, driven by strong inflows into spot Bitcoin ETFs, corporate treasury strategies, and a favorable regulatory environment under crypto-friendly policies. Analysts project potential targets of $120,000 to $150,000 by year-end if momentum continues, with some optimistic forecasts suggesting $200,000. However, derivatives data indicates caution among professional traders due to global trade tensions and a USDT discount in China signaling reduced demand.

Tether’s Blockchain Support Changes: Tether announced it will cease USDT support on five blockchains—Algorand, Bitcoin Cash, EOS, Kusama, and Omni—effective September 1, 2025, due to low usage. Redemptions will stop, and remaining tokens will be frozen. Tether is shifting focus to Layer 2 solutions like Bitcoin’s Lightning Network to enhance efficiency.

Tether’s Market Moves: Tether minted $1 billion USDT on the Tron blockchain on July 9, 2025, following Bitcoin’s all-time high, signaling preparation for increased market demand. Historically, large USDT mints have preceded Bitcoin price rallies. Additionally, Tether is exploring renewable energy-powered Bitcoin mining with Adecoagro in Brazil, aiming to become the largest Bitcoin miner by year-end with a $2 billion investment.

Stablecoin Market Growth: The combined market capitalization of USDT and USDC hit record highs, with USDT reaching nearly $160 billion and USDC at $62.8 billion. This growth reflects fresh capital entering the crypto market, often correlating with Bitcoin rallies.

Sentiment on X: Posts on X reflect mixed trader sentiment, with some anticipating Bitcoin pullbacks to $104,000–$107,900 levels, while others see bullish momentum following ETF inflows and rate cut expectations.