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$BTC Bitcoin Blasts Above $118,800 — Bullish Breakout or Classic Bull Trap Setup? In the early hours of July 11, Bitcoin broke past $118,000 and reached exchange highs of $118,800, depending on venue data. CoinGlass estimates the increase erased $1.25 billion in short holdings in one trading day. Bitcoin Bull Trap or Breakout? After writing that corporate treasury demand has “grown exponentially, with dozens of new companies popping up in recent months,” he advised against ignoring a large breakout until refuted. Edwards expects a 50–70% rise over the following six months, or $170,000–$196,000. Hard data supports his treasury emphasis. A record 159,107 BTC were added by public businesses in Q2, bringing aggregate corporate holdings beyond 847,000 BTC, or 4% of max supply. Corporate Bitcoin purchases outperform ETF net inflows. Lawmakers seem urgent. According to a House Financial Services Committee news release, the week of July 14 will focus on the CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act. Spot Bitcoin ETFs are active: BlackRock's iShares fund has exceeded 700,000 BTC in 18 months. However, Edwards and Sigel highlight that treasury businesses are the marginal buyer in 2025. Notably, the rise is happening despite a favorable macro background. Christopher Waller told a Dallas Fed audience he is “open to cutting the policy rate in July,” calling current settings “too tight” due to falling inflation. Over the last weeks, US President Donald Trump has demanded quick rate reduction from Fed head Jerome Powell. Bitcoin is also rallying as Trump's tariff escalation fades. Despite optimistic headlines, specialists say momentum must stay over $110,000 to prevent a failure breakthrough. Edwards continues, “This theory would be weakened with closes below $110K and invalidated below $105K.” #BTCBreaksATH #TrumpTariffs #ETHBreaks3k #SECETFApproval #BTC $BTC $ETH $XRP
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#BinanceTurns8 🎉 Celebrating 8 Years of Binance, 7 Years of My Journey 🎉 Time flies! It’s been 8 amazing years of Binance empowering millions across the globe — and I feel proud to have been part of this journey for 7 of those years. I still remember the first time I used Binance to buy crypto — it felt like entering a new world. Over time, Binance didn’t just remain a trading platform for me; it became a learning hub, an earning platform, and a trusted partner in my crypto journey. From using P2P, staking, and launching my own small community, to now participating in Write to Earn — Binance has played a big role in my growth. I’ve seen the platform evolve, add new features, and most importantly, stay focused on user safety and innovation. Happy 8th Anniversary to @Binance and thanks for 7 incredible years in my life! 🙌 Here’s to more growth, more crypto adoption, and more success for all of us! 🚀 🟡 How long have you been with Binance? Share your story below!
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#USCryptoWeek Next week, the U.S. House of Representatives will hold votes on three major crypto-related bills as part of “Crypto Week” (July 14–18): 🔸 CLARITY Act – Establishes how the SEC and CFTC classify and regulate digital assets 🔸 GENIUS Act – Sets a federal framework for stablecoin issuance and oversight (already passed the Senate) 🔸 Anti-CBDC Act – Prohibits the development of a U.S. central bank digital currency.
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#BinanceTurns8 **🚀 Binance Turns 8: Join the Cosmic Celebration & Win $2.88M!** **Happy Birthday, Binance!** 🎉 8 years ago, a crypto exchange launched in a bear market. Today? **275M+ users strong** – and we're throwing the biggest party in crypto! ### **🌌 How to Join the Interstellar Festivities** #### **1️⃣ Crypto Meteor Shower ($2.88M Prize Pool)** - **Every 8 hours**, digital meteors rain rewards (up to **1 BNB** each!) - **One gift per user** – catch yours fast! #### **2️⃣ Space Quest (Share $888,888 in BNB)** - **Daily missions**: Trade, invite friends, log in - Collect **28+ meteorites** to qualify #### **3️⃣ Star Signs Hunt** - **Invite friends** to unlock zodiac-themed bonuses - Collect **all 8 signs** for extra BNB 🔗 **[GRAB YOUR BOARDING PASS NOW](https://www.binance.com)** --- ### **🎨 Global Community Challenges** **🎨 Telegram:** Design a birthday card (**$5K USDC pool**) **🎮 Discord:** 8 days of challenges (**$4K USDC**) **📸 WhatsApp:** Share Binance memories for the **"Moon Time Capsule"** --- ### **🌍 Offline Parties Worldwide** From **Dubai to Tokyo**, Binance meetups are coming! Watch local channels for events near you. --- ### **💡 Pro Tips** ✔ **Set alarms** for meteor showers (every 8h!) ✔ **Start quests early** – rewards are limited ✔ **Check all platforms** – more activities = more wins
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#BinanceTurns8 Join us in the #BinanceTurns8 celebration and win a share of up to $888,888 in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_XHOU6
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