Bitcoin and altcoin prices could stage a strong rally in July after a surprise statement from Jerome Powell, the Federal Reserve Chair. In a statement, Powell changed his tune on when the Fed will start cutting interest rates. For the first time this year, he did not rule out slashing rates as soon as in the July meeting. He said : “I really can’t say. It’s going to depend on the data. And we are going meeting by meeting. I wouldn’t take any meeting off the table or put it directly on the table. It’s going to depend on how the data fall.” In his testimony to Congress last week, Powell insisted that the bank would maintain a wait-and-see approach before hiking interest rates. He and other officials are assessing the impact of Donald Trump’s tariffs on interest rates. You might also like: Senator Lummis pushes for crypto-friendly amendments in Trump’s Big Beautiful Bill Some Federal Reserve officials have supported a July interest rate cut. In recent statements, Christopher Waller and Michele Bowman have insisted that Trump’s tariffs were having a limited impact on inflation and that a July cut would be necessary. Still, traders and the futures market are unconvinced that the Fed will cut in July. Polymarket data pegs a July cut at 17% and no change at 82%. The CME FedWatch tool puts the odds of a cut at just 19.1%. A July rate cut would be highly bullish for Bitcoin ( BTC ) and altcoins because it would reduce the opportunity cost of holding non-yielding assets. It would also increase risk appetite among investors, as happened during the COVID-19 pandemic when the bank brought rates to zero. The rate cut would also coincide with the passing of Donald Trump’s Big Beautiful Bill, which introduces some tax cuts and reduces regulations. Some of the money saved in taxes will be invested in cryptocurrencies. While a July rate cut is not guaranteed, most analysts anticipate one in September, with odds standing at over 75%. In a statement this week, Goldman Sachs predicted three cuts this year, while Morgan Stanley sees seven in 2026. Bitcoin and altcoins have other catalysts Bitcoin and altcoins have other catalysts that will push them higher this year. For example, Bitcoin demand continues rising, with spot ETF inflows nearing the $50 billion mark. More companies like Coinbase, Block, GameStop, and MetaPlanet continue to accumulate Bitcoin. Additionally, the Securities and Exchange Commission is expected to approve several altcoin ETFs later this year. Odds of an XRP ETF being approved this year have jumped to 85%, while Solana ( SOL ) has soared to 99%. ETF approvals will likely lead to more inflows among investors. Further, regulatory clarity in the crypto industry is happening, which will attract more investors. For example, the US Senate has passed the GENIUS Act , which focuses on the stablecoin industry. You might also like: UniCredit brings BlackRock’s IBIT to Italy’s elite, merging BTC with TradFi
crypto.news 2025-07-01 22:13
Over 1 billion XRP tokens have been bought and moved off exchanges in H1 2025.
AMB Crypto 2025-07-01 22:00
Bitcoin's price remains stable amidst the U.S. holiday, with low trading volumes. Continue Reading: Cryptocurrencies Surge: XRP, SOL, and ADA Take Center Stage! The post Cryptocurrencies Surge: XRP, SOL, and ADA Take Center Stage! appeared first on COINTURK NEWS .
CoinTurk News 2025-07-01 21:17
Solana could be reaching new heights soon, driven by a potential breakthrough. The anticipated ETF launch might unlock opportunities within the DeFi space. Explore how this development could accelerate Solana and other cryptocurrencies. Delve into the coming surge and discover which digital coins are poised for growth. Solana Price Range Dynamics: Bulls and Bears in a Tight Battle Solana experienced a 1.72% drop in the past month and a more significant 20.71% decline over the last six months. The weekly change of 6.40% indicates some short-term recovery amid a longer-term downtrend. Price action has been volatile, with periods of consolidation following sharp moves. Recent performance highlights the coin’s mixed dynamics, showing resilience during brief rallies while facing consistent bearish pressure over a prolonged period. The current price is trading between $131 and $173. Immediate resistance is noted at $191.77, with a second barrier around $233.73, while support is identified at approximately $107.87 and a lower level near $65.93. The market shows a struggle between bulls and bears. The RSI of 53.99 indicates a balance, but the Awesome Oscillator reading of -0.60 reveals bearish sentiment. The Momentum Indicator at 18.41 suggests some upward energy. Traders may consider buying at support levels or watching for a breakout above $191.77 for further buying interest. A dip below support could prompt short-term selling, creating a range-bound setup that requires careful positioning until trends clarify. Jupiter: Price Dynamics Amid Altcoin Season Prospects Jupiter prices saw a mixed journey over the last month and half-year. Over one week, prices spiked 12.07% before pulling back with a 13.68% drop in the past month. The half-year trend shows a more challenging picture with a 46.77% decline. The coin hovered within a price range of $0.34 to $0.57, reflecting substantial fluctuations. This behavior underscores the volatile nature of emerging altcoins, with rapid movements in both directions over short periods and extended intervals. Current price observations reveal distinct support and resistance levels that shape trading opportunities. The coin finds support near $0.21 and encounters resistance at $0.69, with a second resistance level around $0.92. The price range between $0.34 and $0.57 offers a tactical window for short-term trades, where buying near support and selling within the resistance zone remains viable. Indicator readings show slightly negative momentum and a modest RSI at 53. Market sentiment leans toward caution, as bears have influenced recent trends, though a clear direction is not yet established. Traders could consider accumulating during dips and testing resistance levels. Conclusion The upcoming ETF could be a game-changer for SOL and JUP . It might drive significant interest and investment. SOL has shown strong upward momentum, and the ETF launch could push it to new highs. JUP also stands to benefit from increased exposure. Both coins could see significant growth, opening up new opportunities in the crypto sphere. The future looks promising for these assets. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Bitzo 2025-07-01 21:10
Bitcoin continued its weakness on Tuesday as the leading cryptocurrency in the world by market capitalisation weighed under the resistance zone of $108k. The broader cryptomarket was down 1.59% to $3.27 trillion on Tuesday. The Coin Market Cap crypto fear and greed index is still in neutral territory at 50 from 52 yesterday, showing signs of fatigue in the crypto market. What’s with Bitcoin Bitcoin was down 1.33% to $106,177.46 on Tuesday. The US financial markets were also down on Tuesday as US President Donald Trump’s new spending bill, The Big Beautiful bill which was narrowly passed by the US Senate. The markets were cautious on the $3.3 trillion tax cut bill, which is poised to add to the US’s mounting fiscal deficit. Bitcoin has recently consolidated below a significant resistance level near $108,350. This price point aligns with the upper boundary of its current trading range. Despite attempts to move higher, the price has remained capped at this level. Technical indicators suggest a potential bearish divergence, which may indicate a reduction in the upward momentum of the recent rally. Should selling pressure increase at this level, the price could revert towards the lower boundary of the trading range, approximately $100,960. Price action and resistance Bitcoin’s inability to sustain a move above $108,350 has resulted in the formation of a potential lower high. This development aligns with a bearish price structure that has been observed over the past several weeks. The $108,350 level has demonstrated itself to be a notable barrier, with multiple price rejections confirming it as an area where supply has been dominant. Without a decisive breakthrough above this level, the price is more likely to continue trading within its established range. Technical indicators and volume trends A bearish divergence has been noted, characterized by a slight increase in price while the Relative Strength Index (RSI) shows weakening momentum. This pattern is often considered an early indication of potential exhaustion in a rally, particularly when it occurs at a key resistance level. Such a divergence suggests that the recent upward movement may have been driven more by short-term factors than by sustained buying interest. Furthermore, trading volume has shown a consistent decline during this period of consolidation. In the context of established technical resistance and the developing divergence, this diminishing volume could reinforce a bearish outlook. For a significant upward breakout to occur, a corresponding increase in volume would typically be required to confirm a shift in demand. Without such confirmation, the price may be more likely to decline and test subsequent support levels, including the point of control and potentially the value area low at $100,960. Current data points indicate Bitcoin is encountering resistance at approximately $107,565, aligning with a pivot point, and also at the 23.6% Fibonacci level around $107,664. The emergence of a bearish divergence is further supported by the Relative Strength Index (RSI) at 54.4, which, while neutral, shows a downtrend from 56.1 yesterday. Concurrently, the Moving Average Convergence Divergence (MACD) histogram, at +269, suggests that bullish momentum may be decelerating despite remaining positive. Strategy’s faith in Bitcoin being tested? Another event that shook some confidence for Bitcoin holders is that Microstrategy, one of the strongest corporate backers of Bitcoin, transferred $796 million worth of BTC to three new wallets. Blockchain analysis platform Lookonchain said 7382 BTC was transferred on Sunday, but no official explanation has been given. The question that arises in the mind of BTC investors is whether Michael Saylor, who has been a strong advocate of BTC, has now started selling his positions. Microstrategy remains the largest corporate holder of Bitcoin with holdings of 592,345 BTC, equivalent to about $64.28 billion. Altcoins The altcoin market capitalization fell to $1.29 trillion from $1.32 trillion in the previous day. CoinMarketCap’s altcoin season index fell from 21 yesterday to 20 today, deeply affirming the strength of the Bitcoin season. Ethereum fell by 2.20% to $2,430.75 at the time of writing. Solaxy (SOLX), Hashflow (HFT), and Maverick Protocol (MAV) were the top gainers. SOLX rallied by 77%, HFT popped 40% while MAV gained 14%. Solaxy, which was listed on Uniswap on June 24, had a strong start, but faltered after that. The layer 2 network on the Solana chain exhibited strong movement on Tuesday. Hashflow gained due to its Solana integration and Binance listing, which boosted its accessibility and credibility. The post Bitcoin falls below $106K weighing under resistance, HFT, SOLX, MAV leads altcoins appeared first on Invezz
Invezz 2025-07-01 20:54
The SEC approved a new cryptocurrency basket ETF by Grayscale. The fund includes BTC, ETH, XRP, SOL, and ADA. Continue Reading: SEC Approves New ETF: Crypto Investors Rejoice The post SEC Approves New ETF: Crypto Investors Rejoice appeared first on COINTURK NEWS .
CoinTurk News 2025-07-01 20:17
In a breaking development, the SEC has approved the conversion of Grayscale’s Digital Large Market Fund (BTC, ETH, XRP, SOL, and ADA) into an ETF. Details are coming… *This is not investment advice. Continue Reading: BREAKING: SEC Approves ETF Conversion for Anticipated Altcoin Group – Here Are the Affected Altcoins
BitcoinSistemi 2025-07-01 20:04
The next big wave in digital finance could be hidden in lesser-known cryptocurrencies. These alternative coins hold the key to groundbreaking tech and investment potential. Discover the top three contenders poised for remarkable growth and innovation in the ever-evolving crypto landscape. Unlock the future of finance with insights into these promising projects. Ethereum Price Analysis: Fluctuations Amid Key Levels Past ETH performance shows a subtle weekly uptick of 3.17% alongside a modest monthly dip of 1.52%. The half-year change registers a sharper downturn of 25.81%. Price fluctuations over the recent month and half-year indicate periods of both cautious recovery and notable declines. The movement over these periods reflects the market’s oscillation between optimism and pressure, with short-term gains not fully offsetting the longer-term drop. Current price action sees Ethereum trading in a range between $2,111 and $2,870, with the nearest resistance at $3,254.46 and a second resistance level at $4,013.99. Nearest support is noted at $1,735.41 while a deeper support exists at $975.87. The mix of these levels suggests that bulls maintain a defensive position near the lower bound, but bears continue to exert pressure given the half-year decline. The price seems indecisive, hovering within set boundaries. It makes sense to watch trades within these limits, aiming to buy near support and look for breakouts above resistance. Solana Price Range Dynamics: Bulls and Bears in a Tight Battle Solana experienced a 1.72% drop in the past month and a more significant 20.71% decline over the last six months. The weekly change of 6.40% indicates some short-term recovery amid a longer-term downtrend. Price action has been volatile, with periods of consolidation following sharp moves. Recent performance highlights the coin’s mixed dynamics, showing resilience during brief rallies while facing consistent bearish pressure over a prolonged period. The current price is trading between $131 and $173. Immediate resistance is noted at $191.77, with a second barrier around $233.73, while support is identified at approximately $107.87 and a lower level near $65.93. The market shows a struggle between bulls and bears. The RSI of 53.99 indicates a balance, but the Awesome Oscillator reading of -0.60 reveals bearish sentiment. The Momentum Indicator at 18.41 suggests some upward energy. Traders may consider buying at support levels or watching for a breakout above $191.77 for further buying interest. A dip below support could prompt short-term selling, creating a range-bound setup that requires careful positioning until trends clarify. Sui Price Overview: Recent Decline and Key Technical Levels Sui has experienced a noticeable downturn, with a 14.35% loss over the past month and a 35.07% decline in the last six months. A marginal weekly dip of 1.84% adds to the narrative of a market under strain. These figures highlight a phase of persistent weakness, showcasing difficulties in maintaining upward momentum despite occasional minor recoveries. The current price ranges from $2.18 to $3.48, with support at $1.59 and a further level at $0.30. Resistance is found at $4.19, with an additional barrier near $5.48. Technical indicators show bears have a slight advantage. The Relative Strength Index at 44.47 indicates a neutral to slightly bearish sentiment, while the Awesome Oscillator at -0.24 confirms a lack of bullish momentum. Traders may look for buying opportunities if the price rebounds from $1.59 or consider short positions near the $4.19 resistance. The area between these levels presents trading potential, though caution is necessary due to the absence of a clear trend. Conclusion ETH , SOL , and SUI show strong potential for growth and innovation. Each brings unique features and solutions to the table, contributing to the evolving digital ecosystem. ETH leads with its established network and broad application scope. SOL stands out for its speed and efficiency. SUI offers fresh perspectives and new advancements. These projects are paving the way for the future, each with its distinct advantages, and represent significant opportunities in the growing digital space. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Bitzo 2025-07-01 19:58
Bitcoin struggles to break the $109,000 mark, impacting altcoin markets. Interest rates could drop, paving the way for potential altcoin rises. Continue Reading: Bitcoin’s Stable Position Sparks Anticipation in Altcoin Market The post Bitcoin’s Stable Position Sparks Anticipation in Altcoin Market appeared first on COINTURK NEWS .
CoinTurk News 2025-07-01 19:57
Tuttle Capital moved the effective date for ten 2× leveraged crypto ETFs to July 16, 2025. The ETFs include major cryptos like XRP and meme coins such as Trump, Bonk, and Melania. An effective date often signals a launch, though SEC approval is still pending. Tuttle Capital Management has officially updated the effective date for ten of its proposed 2× leveraged crypto and meme ETFs to July 16, 2025. The update, confirmed in an amended filing , signals that a new, more speculative class of crypto investment products could be on the verge of hitting the U.S. market. Ten Crypto and Meme ETFs Listed for July 16 The amendment affects a group of ETFs tied to both major cryptocurrencies and meme coins. The list includes: Tuttle 2X Long XRP, Solana, Litecoin, Cardano, BNB, and Chainlink ETFs Tuttle 2X Long Trump, Melania, Bonk, and Polkadot Daily Target ETFs These ETFs are designed to deliver double the daily returns—and losses—of the underlying crypto assets. (adsbygoogle = window.adsbygoogle || []).push({}); Effective Date Usually Means Launch Bloomberg ETF analyst Eric Balchunas flagged the filing in a July 1 post on X. He… The post Bloomberg Analyst Flags 10 New Leveraged Crypto ETFs To ‘Go Live’ on July 16 appeared first on Coin Edition .
Coin Edition 2025-07-01 19:15
Bitcoin and altcoins have faced many challenging obstacles such as US President Donald Trump’s tariff policy in 2025. However, rally expectations for BTC and altcoins remain alive. At this point, Bitwise announced its expectations for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) for 2025. According to The Block, Bitwise CIO Matt Hougan updated their 10 predictions for 2025 in a note to their customers. Hougan first stated that there was no change in his Bitcoin prediction and that they maintained their $200,000 target for BTC. While Bitwise expects BTC to reach new highs and eventually $200,000 by the end of 2025, the same has not been true for ETH and SOL. “We remain true to our $200,000 BTC forecast as we expect institutional demand for BTC to be greater from 2024, further driving the BTC price higher. However, we are less confident that Ethereum and Solana will rally and reach new ATHs. However, we expect that the increasing interest in stablecoins, ETF approvals, and the emergence of ETH and SOL treasury companies could push prices significantly higher.” Bitwise announced that in its predictions at the beginning of the year, they set a target of $7,000 for Ethereum and $750 for Solana. Current Status of Predictions! Bitwise CIO listed the latest status of their predictions at the beginning of 2025 as follows: “Prediction 1: Bitcoin, Ethereum and Solana are expected to reach new all-time highs and Bitcoin is expected to trade above $200,000. – Still valid for Bitcoin but some hesitations for ETH and SOL. Prediction 2: Bitcoin ETFs will attract more inflows in 2025 than in 2024. – Still valid. Prediction 3: Coinbase will surpass Charles Schwab as the world's most valuable brokerage firm, with its stock price exceeding $700.- It seems unlikely. Prediction #4: 2025 will be the “Year of the Crypto IPO” with at least five crypto unicorns going public in the US – Still valid. Prediction #5: AI-driven token launches will lead to a bigger memecoin craze than in 2024. -Very Low Probability given. Prediction #6: Number of countries with Bitcoin will increase from 9 to 18. -Update: Unlikely. Prediction 7: Coinbase will enter the S&P 500 and MicroStrategy will enter the Nasdaq-100, thus providing cryptocurrency inflow to the portfolio of (almost) every US investor.- It came true. Prediction #8: The U.S. Department of Labor will loosen its guidance against crypto in 401(k) plans, sending billions of dollars into crypto assets.- Come true. Prediction 9: With the passage of long-awaited stablecoin legislation in the US, stablecoin assets will double to $400 billion – it is still too early to reach this goal. Prediction #10: As Wall Street’s crypto adoption intensifies, the value of tokenized real-world assets (RWAs) will exceed $50 billion. – Still valid.” *This is not investment advice. Continue Reading: Bitwise Updated Bitcoin, Ethereum and Solana Price Prediction for 2025!
BitcoinSistemi 2025-07-01 19:01
According to the latest development, the largest cryptocurrency exchange in the USA, Coinbase, is listing Wormhole (W). The token will be supported on the Solana network. *This is not investment advice. Continue Reading: BREAKING: Coinbase is Listing the Anticipated Altcoin – Official Announcement Released
BitcoinSistemi 2025-07-01 18:59
SEC Approves New ETF: Crypto Investors Rejoice
