XRP Nears Its Record High, Bitcoin Value Halts at $120K: Crypto Market Overview
Bitcoin's price recovery halted at $120,000 following a Tuesday correction, with the bears pushing the asset down by approximately two thousand. Meanwhile, several altcoins, including ETH and XRP, recorded notable price gains. The primary cryptocurrency, BTC, had a historic week, breaking through the $110,000 resistance and setting a new all-time high at over $123,000. However, as investors started to realize profits, bitcoin's price fell to just under $116,000.
Despite this, BTC remains strong and its market capitalization stands at $2.350 trillion. Ethereum continues its impressive performance, trading at a five-month high of nearly $3,450. XRP, driven by a significant accumulation trend, is now just 7% away from its 2018 all-time high of $3.40. The total crypto market cap is nearing $3.9 trillion after a surge of over $70 billion.
Roxom Set to Introduce a Trading Platform for Bitcoin Treasury Stocks
Roxom is preparing to launch the world's first Bitcoin, Stock, Commodities, and crypto exchange, expected to go live later this year. This platform will provide a means for traders to speculate, hedge, and gain exposure to global assets entirely in Bitcoin (BTC). The exchange will feature both Spot and Derivatives trading and will also include Bitcoin Treasuries, giving users access to public companies with significant BTC holdings.
This groundbreaking development is aimed at creating a financial system where assets, from equities to futures, can be priced, traded, and settled entirely in BTC, globally. The exchange is backed by substantial funding and reflects the original vision of the cryptocurrency as laid out by Satoshi Nakamoto – a global, permissionless store of value.
$ETH $3000 Reached, It's time for $4000? (READ)
Ethereum has officially broken past the key $2,700 resistance, and the bulls are back in charge! 🔥
ETH has entered a crucial supply zone ($3,130–$3,440) where some short-term rejection is likely.
However, with strong momentum behind it and the broader market showing bullish signs, this zone may not hold for long. If we get a breakout above it, the next key levels to watch are:
➡️ $3,500
➡️ $3,740
➡️ $4,100
➡️ $4,470
This weekly structure shows strength, with previous resistance levels flipping into support and buyers stepping in aggressively.
Keep a close eye — a clean breakout here could fuel the next major rally! 🔥
#Write2Earn #ETH
Binance Wallet introduces BAS $BAS Pre-TGE campaign
During the Pre-TGE Campaign, users can subscribe to BAS’s token, $BAS, exclusively via #BinanceWallet . The Pre-TGE event will last till July 17th at 10:00 AM UTC. Binance users with at least 213 Binance Alpha Points are eligible to participate in this Pre-TGE campaign. After subscription, allocated tokens will be credited to users’ accounts but remain non-tradeable until the project’s official launch date.
#BAS is a platform on the #BNBChain that enables users to create and verify attestations, or authenticated statements, both on-chain and off-chain.
👉 x.com/BinanceWallet/status/1945734820182856005
STH MVRV suggests Bitcoin has 20–25% upside potential
According to CryptoQuant, the MVRV ratio for short-term holders (STH) currently stands at 1.15 — below the 1.35 level that typically triggers profit-taking behavior. In this cycle, unrealized profits for STHs have never exceeded 42%, and each time profits reach around +35% (corresponding to MVRV ~1.35), a short-term correction often follows.
The realized price for STHs surpassed $100,000 for the first time on July 11 and is now above $102,000, indicating that BTC still has room to rise by approximately 20–25% before significant selling pressure emerges.
#Bitcoin #STHMVRV #CryptoQuant #OnChainGame