And so, dear reader, we find ourselves in the midst of a most peculiar and confounding era. The great cryptocurrency, Bitcoin, has once again proven its mettle, ending the second quarter with a respectable 30% gain and trading at a dizzying $109,000 by July 4th. But, alas, this triumph is not without its caveats, for the price did stumble, ever so briefly, to a mere $105K midweek, following the Senate’s approval of that most contentious and befuddling piece of legislation, Donald Trump’s “One Big Beautiful Bill.”
But fear not, dear reader, for the analysts, those great seers of the financial world, remain divided in their prognostications. Standard Chartered, that venerable institution, maintains a rosy outlook, predicting a year-end target of $200,000, while the inimitable Arthur Hayes, co-founder of BitMEX, warns of a potential dip to $90K before another rally. Ah, the eternal conundrum of the markets!
And now, let us turn our attention to the aforementioned “One Big Beautiful Bill,” that behemoth of legislation, which, among other things, makes the 2017 individual tax cuts permanent, lifts the debt ceiling, and rolls back programs such as Medicaid expansion and green energy incentives. A most curious concoction, indeed! Trump, that great showman, is expected to sign the bill on July 4th, amidst much fanfare and pomp.
The crypto market, that most mercurial of beasts, reacted with a temporary weakness, but many see the bill’s inflationary impact, as well as the ballooning US debt, as a long-term bullish sign for Bitcoin. Ah, the eternal dance of the markets! Recall, if you will, the 2020 COVID relief efforts, which led to sharp crypto market rallies. Might we be witnessing a comparable setup? 🤔
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Market Cap: $3.43T | 24H Vol: $88B | BTC Dominance: 63%
BTC: $108,793 (+1.7%) | ETH: $2,549 (+4.2%) | XRP: $2.24 (+7.3%)
This Week’s Crypto Headlines You Can’t Miss
Experts Positive on Crypto Altcoin ETFs This Year: Will XRP, ADA, and SOL Benefit? 🤔 Experts believe that the US Securities and Exchange Commission will likely approve the applications for spot-based XRP, SOL, and ADA ETFs later this year. The question is, will this have a positive impact on these altcoins?
Does Ethereum Have an Advantage over Bitcoin for Corporate Treasuries? 🤝 There is little doubt that public companies have been stacking Bitcoin throughout the year. But corporations may as well start buying Ethereum next, and industry experts like Tom Lee and Joseph Lubin are betting big on it.
Trump’s One Big Beautiful Bill TLDR: Good or Bad for Bitcoin? 🤷♂️ Donald Trump’s ‘One Big Beautiful Bill” has passed Congress voting and will be signed into existence very soon. Here is a condensed explanation of what it means for the cryptocurrency industry and whether or not we should expect an explosive rally.
BlackRock’s Bitcoin ETF ‘Machine’ Outearns Legendary S&P 500 Fund: Details 📊 The BlackRock iShares Bitcoin Trust (IBIT) has managed to achieve an incredibly impressive milestone. It is now generating more annual fee revenue than the firm’s legendary and flagship S&P 500 tracking, despite being tremendously smaller in size.
Fight for 40,000 BTC Continues: Judge Allows Celsius’s Lawsuit Against Tether to Proceed 🚀 The fight over close to 40,000 BTC between Celsius and Tether will continue. A U.S. bankruptcy judge has ruled that the former can go on with its lawsuit, currently worth around $4.3 billion, against the world’s largest issuer of stablecoins. Should we be worried? 😬
When Will Bitcoin’s Price Reach its Top This Cycle? Analysts Give Key Insights 🔮 The biggest question: is the cycle’s top already in or are we going to see an outsized blow-off bull run in the second half of 2025? An on-chain data expert from CryptoQuant shares his perspectives on the matters and reveals some very interesting findings.
Charts
This week, we have a chart analysis of Ethereum, Ripple, Cardano, Solana, and Binance Coin – click here for the complete price analysis 📊
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2025-07-04 15:58