Dani1G

#Btc. $BTC (BTC) traded at $119,430 in early Asia hours on Monday, up 1.24%, as bullish momentum continued following a series of institutional milestones and a breakthrough trade deal between the United States and the European Union. The #CoinDesk 20 Index rose 2.37% to 4,099.18, extending its recent recovery.

Over the weekend, President #DonaldTrump and European Commission President Ursula von der Leyen announced a framework trade agreement at Turnberry, Scotland, that sets a 15% U.S. import tariff on E.U. goods, avoiding the previously threatened 30% rate. The deal includes $600 billion in E.U. investment in U.S. energy and defense over the next three years and aims to reduce Europe’s reliance on Russian fuel. Tariffs on steel and aluminum remain at 50% for the time being.

At the same time, bitcoin’s realized market capitalization, a measure of the total value of#Btc
based on the last time each coin moved, crossed the $1 trillion threshold for the first time, according to Glassnode.

All this comes as $BTC continues to consolidate above $118,000 after hitting a record high of $122,700 last week. The rally triggered significant long-term holder selling, while drawing in new buyers and fresh capital.#BTC dominance, which measures $BTC Bitcoin’s market share relative to the total crypto market, has edged down to 60.98%, suggesting modest rotation into altcoins.

#bitcoin $BTC (BTC) has dropped 3% in the past 24 hours and is currently some 7% below its June 14 all-time high.

This raises the question of how much further it might drop. In the context of a continuing bull market, double-digit corrections are not unusual, with the largest drawdown reaching 30% since this cycle began in January 2023.
#bitcoin

One technical factor to keep an eye on is the CME$BTC
Bitcoin Futures gap between $114,355 and $115,670. These gaps typically occur when price movement happens outside of the CME's trading hours, generally over weekends, and they often get filled later as the price revisits those levels.$BTC

#XRPUSDT🚨 slipped from last-week's record high as a wallet attributed to Ripple co-founder Chris Larsen made a number of large transactions.

Between July 17 and July 24, the wallet transferred 50 million #XRPGoal , worth approximately $175 million. Some $140 million of that was directed to centralized exchanges, according to blockchain analyst ZachXBT.


Transferring tokens to an exchange is widely interpreted as an intention to liquidate holdings for stablecoins or other tokens because large amounts are usually not stored on exchanges for a long time.$XRP