Here is the latest update on the comparison of BTC in the range of $120,000 vs $125,000 today: ---
📰 Key Points from News
1. BTC Breaks $120,000 & Sets Record
Bitcoin surpassed the psychological level of $120,000 for the first time, reaching a peak of around $123,150 before stabilizing in the range of $122,000 as the US market begins 'Crypto Week' with a hearing in the US House of Representatives on crypto regulation.
BTC market capitalization is now around $2.43 trillion, surpassing Amazon, indicating strong bullish sentiment.
Here’s the latest on Ethereum (ETH) breaking past the $3,000 mark:
📈 What’s Fueling the Rally:
Institutional ETF Inflows – ETH spot ETFs have attracted over $500M in inflows this month, including a record ~$383M single‑day surge on July 10–12 .
Corporate Treasury Adoption – Public companies like SharpLink Gaming and BitMine Immersion are adding ETH to their treasuries via OTC deals (e.g., SharpLink bought 10,000 ETH ~$25M directly from the Ethereum Foundation), signaling strong institutional confidence .
Technical Breakout – ETH cleared key resistance zones at $2,800 and briefly above $3,000, forming a bullish “bull flag,” with some analysts eyeing a move toward $3,834–$4,000 in the near term .
On‑chain & Trading Data – Retail interest is rising, and around 80% of ETH supply is now in profit—peak levels not seen since January .
🔍 Market Outlook:
Factor Insight
**Short-term (days)** Technicals suggest a retest of $2,800–$2,900 support before potential upside to $3,200–$3,400 . Medium-term (weeks) With continued ETF inflows, institutional buying, and on-chain strength, targets of $4,000–$4,400 are in view . Risks Potential resistance around $3,200–$3,300; if support fails, ETH could fall back to ~$2,700 .
---
🔑 Summary:
Ethereum has decisively reclaimed the $3K threshold—its highest level since February—powered by robust institutional flows, corporate treasury entries, and bullish technicals. Key near-term support lies in the $2.8–2.9K zone; if that holds, a leg toward $3.2–3.4K (and potentially $4K+) is likely. But watch on-chain and volume indicators—some suggest growing risk of a short-term cooldown .
Two of the world's crypto kings ended up being thrown into prison. However, the punishment was handed down to FTX founder Sam Bankman-Fried and Binance founder Changpeng Zhao. Binance and FTX were previously two of the world's largest crypto exchanges competing fiercely with valuations of billions of US dollars. Both of them control the world crypto market, whose value is estimated to reach US$ 2.2 trillion (Rp. 35,377 trillion). Zhao and Bankman-Fried are both known by their initials, namely CZ and SBF. Both of them often portray themselves as billionaires who reject a luxurious lifestyle even though they are often positioned as "prophets" in the crypto industry. They often voice the benefits of decentralization and invite the world's population to switch to digital assets. Crypto is heralded as a form of new world order to replace the global financial system controlled by "intermediaries" such as banks and dictated by world governments.#Binance #FTXUpdate So becareful and enjoy your life bro.