Two artificial intelligence (AI) models are forecasting that Bitcoin ( BTC ) will likely hold above the $110,000 mark by July 1. The outlook comes as Bitcoin stabilizes, following a pullback triggered by uncertainty tied to geopolitical tensions in the Middle East. As of press time, BTC was trading at $105,124, down about 0.3% in the past 24 hours and more than 2% over the past week. Bitcoin seven-day price chart. Source: Finbold Currently, Bitcoin is trading above the 50-day simple moving average ( SMA ) of $103,326 and the 200-day SMA of $87,532, a sign of strength in both the short and long term. On the other hand, the 14-day relative strength index ( RSI ) stands at 54.22, indicating neutral momentum, with room for further upside without immediate correction pressure. ChatGPT predicts Bitcoin price Regarding the price outlook, Finbold turned to OpenAI’s ChatGPT to gauge where Bitcoin might head over the next two weeks. According to the model, BTC could trade around $114,000 by July 1, likely between $111,000 and $117,000. The forecast is based on solid technical momentum, favorable historical trends, and steady institutional inflows. ChatGPT noted that 2025, a post-halving year, often brings Bitcoin gains. With continued ETF demand and institutional inflows, upward pressure will be seen throughout Q2. It also flagged $102,000 as key support. A drop below could lead to $98,000, while strong momentum could drive BTC to $120,000. Bitcoin AI price prediction. Source: ChatGPT Grok predicts Bitcoin price Meanwhile, Grok, the AI model developed by xAI , offered a slightly more conservative view. Based on the current consolidation between $102,000 and $108,000, Grok projects Bitcoin will reach around $111,500 by July 1. The model noted Bitcoin’s tendency to post short-term gains after periods of sideways movement, especially in a supportive macro environment with continued ETF inflows. Assuming no major disruptions, Grok sees a reasonable 6% climb from current levels. However, Grok also outlined alternative scenarios: If resistance at $108,000 holds, a pullback to $103,000 could occur. Conversely, a breakout could push the price up to $116,000. In summary, both AI models remain bullish heading into July. The key focus is whether Bitcoin can hold the $105,000 level, a critical point for sustaining its upward momentum. Featured image via Shutterstock The post AI predicts Bitcoin price for July 1, 2025 appeared first on Finbold .

2025-06-14 12:48

On June 12, Fidelity dumped 1,820 Bitcoin ( BTC ), worth over $190 million in total, in one of the largest institutional Bitcoin moves in recent weeks. At the time of writing, the total daily volume for BTC is up 35%, sitting at $71.09 billion. The price, on the other hand, sits at $105,102, down -1.83%, suggesting short-term price volatility. BTC 24-hour price. Source: Finbold Ethereum ETFs At the same time, Fidelity bought another 3,900 ETH , amounting to over $9.8 million. While Ethereum is down -7.24% in the past 24 hours, ETH ETFs seem to be breaking records, witnessing inflows above $110 million today. Compared to Fidelity, BlackRock went the extra mile with no less than 36,640 ETH, more than $92.5 million in total. And this is just two days after its already enormous $80.6 million purchase . Whatever the numbers might suggest, all eyes seem to be on ETFs as institutional owners make unprecedented moves. What’s more, with the Ripple v. SEC case potentially nearing a settlement, altcoin ETFs are likely to become an even hotter topic in the following weeks. Featured image via Shutterstock The post Fidelity dumps 1,820 Bitcoin to buy this crypto appeared first on Finbold .

2025-06-13 18:04

New data shows just how much Bitcoin ( BTC ) Fidelity has been accumulating through its exchange-traded fund ( ETF ). According to Bitbo tracking data , the Fidelity Wise Origin Bitcoin Fund ( FBTC ) holds 196,482.5 BTC as of June 9, 2025. At current prices around $104,410, that’s worth approximately $20.9 billion. Fidelity Bitcoin holdings. Source: Bitbo FBTC vs IBIT The numbers put Fidelity’s fund among the largest institutional Bitcoin holders. To put this in perspective, with approximately 19.88 million BTC currently in circulation, Fidelity’s position represents roughly 0.947% of all existing Bitcoin. This wasn’t built overnight. Since launching in January 2024, FBTC has steadily attracted investor money, pulling in $12.1 billion in net inflows during its first year alone, according to ETF.com analysis . That made it the second-most successful Bitcoin ETF launch after BlackRock’s IBIT . Fidelity has been involved in digital assets longer than most traditional financial firms. The company began researching blockchain technology in 2014 , well before launching FBTC. Of course, Fidelity isn’t operating in a vacuum. The competition for institutional crypto dollars is heating up, with BlackRock recently purchasing over $400 million worth of Bitcoin and Ethereum , showing just how serious these traditional finance giants have gotten about digital assets. Current market conditions At press time, Bitcoin was trading around $104k. The cryptocurrency has maintained levels above $100,000 for several months now, though it’s down 2.84% over the past 24 hours as tensions between Iran and Israel escalated . BTC weekly price chart. Source: Finbold Featured image via Shutterstock. The post This is the size of Fidelity’s massive Bitcoin position appeared first on Finbold .

2025-06-13 17:43

The U.S. Securities and Exchange Commission (SEC) v. Ripple case just got an exciting update, with the two parties filing a joint motion with a Manhattan federal court to dissolve the existing injunction and release the $125 million civil penalty held in escrow. Under the proposal, $50 million would go to the SEC, while Ripple would receive the remaining $75 million. Should Judge Analisa Torres greenlight the proposal, SEC and Ripple will petition the second Circuit Court of Appeals for a limited remand to obtain formal relief. Following the news, XRP price dropped quickly, trading at $2.14 at the time of writing (down 3.85%). In the meanwhile, the daily trading volume is up 58.47%, suggesting increased market activity generated by the growing legal uncertainties. XRP 24-hour price performance. Source: Finbold Ripple and SEC close to settling The Ripple v. SEC case is one of the longest legal battles with potentially wide-ranging consequences for the crypto market . Both parties thus appear eager to settle, By agreeing to a reduced penalty, the SEC stands to expedite fund recovery. For Ripple, on the other hand, dissolving the injunction would remove legal barriers hindering partnerships with institutions such as Bank of America (BofA) and perhaps a potential initial public offering ( IPO ), as noted last month by James Farrell, a former SEC attorney. James Farrell’s Ripple IPO prediction. Source: X The case also unfolds amid broader shifts in the SEC’s approach to crypto regulation, as the agency has moved toward a safer approach under new chair Paul Atkins. Accordingly, reduced penalties and a legal rock off its shoulders would allow Ripple to focus on expanding and meeting new regulatory demands. Featured image via Shutterstock The post Ripple v. SEC: Friday the 13th court bombshell appeared first on Finbold .

2025-06-13 15:37