Approaching $100K, Bitcoin's Price Could Break Records: Why This Occasion May Be Unique
As Bitcoin approaches the $100K mark, on-chain data from Sentora indicates that the cryptocurrency could climb significantly higher if it breaks through this barrier, due to the absence of substantial sell pressure. A mere 3% of the total Bitcoin supply was bought at this level, suggesting that sell-side pressure could be relatively contained.
However, there's a potential resistance at $101,673, where 81,910 BTC was bought. On the flip side, a strong support has formed at $94,719, with 195,320 BTC accumulated at this level. As Bitcoin's market price grapples with the $100,000 mark, its realized cap has hit a new all-time high.
The crypto community is eagerly watching to see if Bitcoin can finally surpass this milestone.
TRUMP-BACKED $USD1 HITS $2.2B MARKET CAP, NOW 7TH-LARGEST STABLECOIN
$USD1, the Trump-endorsed stablecoin, has skyrocketed to a $2.2B market cap just two months post-launch, officially becoming the 7th-largest stablecoin globally, signaling massive momentum behind politically affiliated digital assets.
Source: @RoundtableSpace
Coinbase unveils acquisition of Deribit for approximately $2.9 billion
Coinbase acquired Deribit, the world's leading crypto options exchange, in a deal valued at around $2.9 billion, consisting of $700 million in cash and 11 million shares of Coinbase Class A common stock. The transaction is subject to regulatory approvals and customary closing conditions, with completion anticipated by year-end. With this acquisition, Deribit’s strong presence and professional client base will accelerate Coinbase's international growth strategy.
👉 coinbase.com/blog/coinbase-to-acquire-deribit-becoming-the-most-comprehensive-global-crypto-derivatives-platform
$BTC UPDATE - H2 | M30
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The Federal Reserve has not changed its stance on rate cuts, and Powell explicitly did not mention how many rate cuts are expected this year. The market expects three rate cuts—in July, September, and December.
BTC rallied, as there were no surprises from the Fed, and reached 99.6k during the EU session.
For today's NY session, the trade idea is: if BTC finds support at the H4 FVG at 98.6k, a long scalp can be attempted toward today's high and 100k.
#BTCtrade $BTC
$SXT / USDT – Fresh Launch, Instant Madness. +150% on Day 1.
From $0.0600 to $0.1988 in hours.
Now chilling around $0.1502 with over 60M SXT traded, volume’s loud and eyes are locked in.
If you sniped the early entry, well played.
Volatility’s wild, scalpers eating, and momentum’s still breathing.
Play it smart, don’t chase. Wait for clean setups.
Protect the bag.
$SXT is hot, but precision wins.