Bitcoin analysts say this must happen for BTC price to break $112K
Pickup in MVRV momentum, profitability and onchain activity could push BTC above the next big hurdle at $110,000 into price discovery.
Pickup in MVRV momentum, profitability and onchain activity could push BTC above the next big hurdle at $110,000 into price discovery.
Key Takeaways: Hong Kong introduces “Policy Statement 2.0” with a new LEAP framework to expand digital asset adoption. Licensing regime for stablecoin issuers will go live on August 1, signaling real-world crypto integration. Government-backed tokenized bonds and ETFs are set to become standard, accelerating financial tokenization. Hong Kong has launched a sweeping new digital asset…
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Ethereum transactions keep rising making another record. The Ethereum network just reached a new all time high in transaction count of 24.45 million processed over a single week. That is more than 145,000 transactions per hour or over 2,400 every minute. As you can see in the chart above, this is not just a coincidence,…
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Key Takeaways: Galaxy Digital secures over $175 million for its first external venture fund, exceeding its $150M target. The fund targets infrastructure and applications driving stablecoins, tokenization, and onchain payments. Galaxy’s move signals growing institutional confidence in real-world crypto adoption despite market volatility. Galaxy Digital, one of the most prominent players in the digital asset…
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Key Takeaways: Robert Kiyosaki warns of a coming global monetary collapse, driven by the largest debt bubble in history. He urges the public to ditch fiat and bonds, advocating instead for gold, silver, and Bitcoin. Bitcoin is now positioned as a critical hedge against inflation, debt devaluation, and systemic financial risks. Renowned financial author and…
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Bitcoin exchange-traded funds (ETFs) extended their inflow streak to 12 days, raking in $548 million with strong backing from Blackrock and Fidelity. Ether ETFs stayed in the green as well, collecting $60.41 million on the day. Institutional Momentum Builds as Bitcoin and Ether ETFs Log $608 Million Combined Gains Bitcoin ETFs are showing no signs […]
Serious question: I can’t get over this, fyi I hold a respectable amount of BTC. So, if 19 million bitcoin are presently “minted” and only 4% of the population are holders…. At max there’ll be 21 million minted equating to approximately 5% of the population. What good is a “currency” that only 5% of the…
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Key Takeaways: A 27-year-old Tel Aviv man was arrested for allegedly spying for Iran in exchange for cryptocurrency. Authorities say he photographed military sites, tracked public officials, and received thousands in crypto payments. The arrest follows rising tensions and cyberconflict between Israeli and Iranian-backed groups, with crypto playing a central role. Israel’s national security was…
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Ethereum has bounced back sharply, reclaiming the $2,400 level after a volatile week marked by geopolitical tensions in the Middle East. Last weekend, ETH briefly dipped below the $2,200 mark as panic selling swept across global markets following US attacks on Iranian nuclear facilities. The sell-off triggered a sharp fakeout that briefly pushed ETH out of its multi-week trading range. However, bulls are regaining control, and Ethereum’s price action now signals the early stages of a potential recovery rally. Related Reading: Ethereum Gears Up For Breakout Above $2,800 – Bullish Momentum Builds Top analyst Ted Pillows shared a technical analysis highlighting that Ethereum is reclaiming the key $2,444 resistance level — a zone that previously acted as both support and resistance throughout May and June. If bulls maintain momentum above this threshold, it could open the door for a bullish continuation toward the higher end of the established range. While uncertainty remains due to lingering macroeconomic and geopolitical risks, Ethereum’s current structure shows renewed strength. Market participants are watching closely, as ETH often serves as a leading indicator for broader altcoin performance. Holding above $2,400 could become a catalyst for a broader rally, especially if Bitcoin continues to stabilize and approach new all-time highs. Ethereum Battles For Breakout As Market Awaits Direction Ethereum is trading at a critical juncture after a turbulent week of price action driven by geopolitical instability and macroeconomic uncertainty. Following a sharp drop below $2,200 amid panic selling over the Middle East conflict escalation, ETH has recovered significantly, now hovering around the $2,444 level. This price zone is key, not only as a technical resistance but also as a sentiment marker for traders watching for signs of a trend reversal or confirmation of a deeper pullback. Analysts remain divided on what comes next. Some believe Ethereum’s recent recovery could signal the beginning of a bullish continuation, especially if price action holds and pushes above the upper range levels near $2,600. A breakout from this zone would indicate renewed strength and could set the tone for a broader altcoin rally, particularly as Ethereum often leads sector momentum. Others, however, warn that the recovery might be short-lived, and a retreat to lower demand zones could occur if macro conditions worsen. Ted Pillows notes that Ethereum is currently reclaiming the $2,444 resistance level. He emphasizes that bullish continuation into the range highs is necessary to confirm breakout strength. Until then, traders are watching closely, as any rejection at this level could shift momentum back to the downside. With global tensions and monetary tightening from central banks continuing to influence markets, the coming weeks may determine whether ETH enters a new uptrend or retreats further into its long-standing consolidation range. Related Reading: Chainlink Reclaims Key Structure – Quiet Accumulation Could Fuel $25–$30 Surge ETH Faces Long-Term Resistance The weekly chart of Ethereum (ETH/USD) shows a strong recovery from the $2,189 low, with ETH currently trading at $2,463 — a 10.5% gain so far this week. This sharp bounce comes after a fakeout below the $2,200 level and suggests renewed buying pressure following recent geopolitical volatility. However, price is now testing a major confluence zone formed by the 50-week ($2,660), 100-week ($2,625), and 200-week ($2,437) simple moving averages. This cluster of moving averages is acting as resistance, capping ETH’s upside momentum. Historically, when Ethereum breaks through these long-term trend lines, a significant trend continuation follows. But for now, bulls must decisively clear this $2,450–$2,660 zone to confirm a breakout and open the door toward the $3,000 psychological level. Related Reading: Bitcoin Buy-Side Pressure Surges: Taker Buy Volume Spikes Sharply Volume has slightly increased, indicating rising interest, but the rejection wicks from prior weekly candles suggest the market remains indecisive. As long as ETH holds above the 200-week SMA ($2,437), the structure remains constructive, but a breakdown below it would likely reintroduce bearish sentiment. Featured image from Dall-E, chart from TradingView
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