Amidst some dramatic swooning (but still better than my Aunt Ludmila during family gatherings), Bitcoin [BTC] has clambered up the ranks, now strutting about like a peacock on the stage of asset greatness.
But, as with all things in life, there’s a mix of good and bad. The combination of Bitcoin’s ATH, elevated mining difficulty, and Long-Term Holders’ (LTH) behavior paints a rosy picture, but risks still lurk in the shadows like a rattlesnake in the bushes. 🐍
Stellar, the daring adventurer of the crypto world, challenged the dizzying peak it set in mid-January 2025 at $0.515. With an audacious rally of 109.7% in a mere week, the XLM bulls were left gasping for air and had no choice but to retreat. A truly valiant effort, if not a little too optimistic. 🦸♂️
Popcat [POPCAT], that ever-elusive memecoin, leapt 12.89%, bouncing off a rather humble $0.34 to hit the lofty heights of $0.4117, only to retract (because who doesn’t love a dramatic twist?) to $0.39 as of this writing. The audacity!
Back when Odell Beckham Jr. was dazzling the world as a wide receiver for the Los Angeles Rams, the world of sports and cryptocurrency collided with the force of a meteor slamming into Earth. With his eyes set firmly on the future, OBJ announced that he’d be taking his entire $4.25 million salary in bitcoin (BTC), and just like that, history was made. He was feeling quite pleased with himself, thanks to the stellar partnership with Cash App.
According to Cathiesark.com, ARK Invest has sold off a staggering $6.3 million worth of Coinbase (COIN) on July 10th. But wait, there’s more! They also ditched $5.6 million worth of Robinhood and $8.5 million worth of Roku between July 10th and July 11th.
Starting July 13 at 17:00 UTC, ICP began a steady ascent, reaching its session high of $5.6781 early on July 14. This rally was underpinned by a significant increase in volume, topping 800,000 units during its most aggressive upward leg between 02:00 and 05:00 UTC. Bulls briefly tested resistance above $5.67, a level that had historically capped upside momentum.
Indeed, over a trillion dollars worth of T-bills are set to flood the market in the next one to one and a half years, as the Treasury seeks to address a colossal fiscal deficit, according to Reuters. 🌊💸
Source – investegate
In a series of press releases on Monday, Strategy, BitMine Immersion, Sequans, Sonnet BioTherapeutics, and Metaplanet all announced that they are increasing the amount of crypto in their respective treasuries. 💰
