Bitcoin Price Movement: $BTC Bitcoin is trading around $113,000, following a recent all-time high of $112,000 on July 9. Analysts predict potential resistance at $120,000–$125,000, driven by strong ETF inflows and institutional demand. A breakout above $110,000 has fueled bullish sentiment, with some forecasts eyeing $150,000–$190,000 if momentum continues. However, a dip to $110,988 was reported on July 10, showing slight volatility.
Crypto Market Surge: The crypto market cap rose by 1% to $3.37 trillion, with Bitcoin up 2.32% and Ethereum gaining 7%. Smaller tokens like HYPE, SUI, and LILPEPE are also seeing significant gains, reflecting a broader market rebound led by institutional interest and regulatory developments.
Regulatory Developments: The U.S. House of Representatives is set to hold a hearing on crypto tax policy on July 16 as part of "Crypto Week," focusing on bills like CLARITY, GENIUS, and Anti-CBDC Surveillance State Acts. The U.S. Treasury has revoked crypto tax reporting rules (Form 1099-DA), easing requirements for DeFi platforms, a move celebrated as a win for decentralized finance.
Top Tokens to Watch: Investors are eyeing tokens under $1, including Little Pepe (LILPEPE), Ondo (ONDO), Arbitrum (ARB), Ethena (ENA), and Algorand (ALGO). LILPEPE, with its Layer-2 blockchain, is noted for high-return potential. XRP, SOL, SUI, and HYPE are also highlighted for their growth prospects.
Other Notable Updates: Binance launched Sharia Earn, a Sharia-compliant crypto product targeting the $4 trillion Islamic finance market.
Rumble is integrating MoonPay into its new crypto wallet for creator monetization, set to launch in Q3 2025.
Russia is increasingly using cryptocurrencies to bypass Western sanctions, with a state-backed "Transparent Blockchain" system set to launch by year-end to trace crypto flows.
Pump Fun’s acquisition of Kolscan boosted the $KOLSCAN token’s market cap from $400k to over $20 million, sparking speculation about future airdrops. [Trend:0]
X Sentiment: Posts on X reflect bullish sentiment, with figures like Donald Trump and DonaldTrumpJr highlighting crypto’s growth. Trump called crypto “through the roof,” while Coinbase’s partnership with Perplexity for real-time data access was noted for aiding traders. $ETH $BNB #BTCBreaksATH #ShariaEarn #TrendTradingStrategy #SECETFApproval #BinanceTurns8
