In what looks to be the most dramatic decline in three years, Bitcoin’s hashrate dropped over 15% between June 15 and 24.

Bitcoin hashrate down ~15% since June 15, steepest drop in 3 years

Markets embraced a renewed risk-on rally despite lingering global tensions, 
with Coinbase stock jumping 12% on major regulatory wins and institutional 
interest in bitcoin reaching new highs. Markets Rally As Coinbase Scores 
Regulatory Wins and Bitcoin Holdings Surge Despite Israel resuming limited 
military strikes post-ceasefire, global markets shifted decisively into risk- 
on mode. QCP’s latest insights […]

Institutional Bitcoin Holdings Surge as Geopolitical Tensions Cool

The Bitcoin price surge above $106,000 this week has reignited bullish 
sentiment across the market, with analysts suggesting that the stars are 
aligning for a rally to a new all-time high. From shifting geopolitical 
tensions to a major regulatory pivot in the United States (US), multiple 
macroeconomic factors appear to be setting the stage for Bitcoin’s next 
explosive move. Ceasefire And Rate Cut Buzz Fuel Bitcoin Price Optimism Over 
the weekend, the Bitcoin price briefly slipped, triggering over $200 million 
in leveraged long liquidations. However, this dip proved short-lived as the 
flagship cryptocurrency rebounded swiftly above $100,000 following US 
President Donald Trump’s announcement of a total ceasefire between Israel and 
Iran. This sudden de-escalation helped ease global market anxiety, pushing 
Bitcoin past $106,000 and oil prices sharply down from $77 to under $70. 
Related Reading: Crypto Pundit Reveals Why This Bitcoin Bull Market Feels 
Different As Crypto Enters ‘New Era’ Simultaneously, Optimism is building that 
the US Federal Reserve (FED) could begin cutting interest rates sooner than 
expected. Sharing new data by CME Group’s FedWatch Tool, crypto analyst CW 
disclosed that the odds of a FED rate cut have increased to 18.6% by July 30 
during the scheduled FOMC meeting. The report reveals that 81.4% of market 
participants believe the FED to keep rates unchanged at their current level. 
However, FedWatch’s data indicates growing expectations for a rate cut by the 
September FOMC meeting, with 79% betting on a reduction and only 21.3% 
anticipating no change. Notably, lower interest rates generally benefit risk 
assets like Bitcoin by increasing liquidity and boosting investor sentiment. 
With geopolitical tensions easing and a possibly looser monetary policy on the 
horizon, Bitcoin could gain further momentum, potentially climbing to 
$110,000. Supporting this bullish forecast, crypto analyst Justin Bennett 
suggests that Bitcoin is gearing up for a rally toward a new ATH of $110,000 
following its recent reclaim of the key $103,500 level. Although a retracement 
to around $102,500 remains possible, Bennett believes that once BTC cleans up 
support around $103,400, formed during Monday’s expansion, the next move could 
be parabolic. Regulatory Win Solidify Bitcoin’s Position In TradFi Beyond 
anticipated rate cuts and ceasefire announcements, the US FED recently made a 
landmark policy shift that could have profound long-term implications for 
Bitcoin and the broader crypto market. By removing “reputational risk” as a 
factor in evaluating crypto firms’ access to bank servicing, the FED is 
effectively ending a key pillar of Operation Checkpoint 2.0—a campaign that 
restricted over 30 crypto and fintech companies from traditional financial 
infrastructure. Related Reading: Bitcoin Price Deviates From Global M2 Money 
Supply, Is The Bull Run Over? This recent change clears the way for greater 
institutional involvement in crypto. The Office of the Comptroller of the 
Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) have also 
followed suit, green-lighting crypto activities for banks and allowing them to 
participate in the digital assets market without prior approval. Together, 
these moves mark a regulatory pivot that not only legitimizes the crypto 
industry but could also accelerate demand and capital inflows into Bitcoin, 
potentially boosting its already significant valuation. Featured image from 
Pixabay, chart from Tradingview.com

Bitcoin Price Could Rally To $110,000 ATH As These Macroeconomic Factors Align

Bitcoin bulls appear poised to win the upcoming $20 billion options expiry, 
raising the chances for a rally to $110,000.

Bitcoin bulls gain edge, target $110K ahead of $20B monthly options expiry

The move comes as a debate is unfolding in the UK on whether users should be 
allowed to buy cryptocurrencies with credit cards.

Barclays to ban crypto transactions on  credit cards from Friday

Powell made the remarks on Wednesday during his second day of testimony before 
the U.S. Senate’s Committee on Banking, Housing, and Urban Affairs. Bitcoin 
Rises as Powell Acknowledges Crypto’s Mainstream Adoption U.S. Federal Reserve 
Chairman Jerome Powell was on the hot seat for the second day in a row, this 
time in front of the […]