Bitfinex analysts say declining Bitcoin spot volume may indicate a “local top” but all eyes will be on the performance of spot Bitcoin ETFs this week.

Bitcoin ‘vertical acceleration’ off the table for now: Bitfinex

Malaysia’s securities regulator is seeking public feedback on a proposal to 
allow certain cryptocurrencies to be listed on exchanges without prior 
approval.

Malaysian regulator proposes easing crypto asset listing process

Crypto doesn’t need more heroes. It needs a culture that lets the builders 
stay in the arena long enough to build what really matters.

Cryptocurrency’s best ideas will never launch | Opinion

Memecoins BONK, FARTCOIN, and NOBODY are all hovering at key technical levels, 
with recent price action hinting at possible bullish reversals if key 
resistance zones can be broken in the days ahead. Bonk (BONK) is currently 
trading around $0.000014, having…

Memecoins to watch this week: BONK, FARTCOIN, NOBODY

Timur Suleimenov, chairman of the National Bank of Kazakhstan, noted that the 
institution was considering the creation of such a reserve based on 
international practices, starting with expropriated cryptocurrency and mined 
assets from companies with state participation. Kazakhstan Will Have a 
Cryptocurrency Reserve, According to the National Bank Another country has 
decided to set up […]

National Bank of Kazakhstan to Establish Cryptocurrency Reserve

The past weekend was favorable for Bitcoin as the price was able to rebound 
from last week’s lows and go on to reclaim $108,000 ahead of the new week. 
This has boosted market sentiment once again, prompting investors to return to 
the table. However, as the price continues to sit in the green, one crypto 
analyst has sounded the alarm that the Bitcoin price may be headed for another 
crash toward the support area close to $100,000. Why A Bitcoin Price Crash Is 
Imminent In the TradingView analysis, the crypto analyst reveals the reason 
why the Bitcoin price could dump back downwards is because of mounting 
resistance. This is because, as the leading cryptocurrency moves toward new 
all-time highs, there is the possibility of a pushback before it is able to 
continue its rally. Related Reading: Bitcoin Consolidating Below $108,000 But 
Eyes $115,000 Target In this case, the crypto analyst does expect the Bitcoin 
price to keep rising. But they see a lot of resistance for the digital asset 
just above $109,000. More specifically, at $109,500, which is still a ways 
away from the $112,000 needed to create a new all-time high, the 
cryptocurrency is expected to meet new resistance and dump back downward. This 
stiff resistance opens up an opportunity for market shooters to enter into the 
trade. According to the chart, it is possible for the Bitcoin price to 
actually move toward the low $100,000s. Currently, there is major support at 
$102,500, and if the digital asset does lose its footing, this is likely where 
the bulls will stage their recovery once more. Sweeping For Liquidity At Lower 
Ranges Another crypto analyst, Riscora, has supported this move with their own 
analysis, also predicting that a pullback is possible from here. This still 
boils down to mounting resistance as the Bitcoin price moves toward the 
possibility of reaching a new all-time high, and budding liquidity rises at 
the lower levels. Related Reading: TD Sequential Flashes Buy: Dogecoin Ready 
For Rebound To $0.21 The analyst explains that as liquidity has now been taken 
in the higher levels, after Bitcoin hit $108,000, there is bound to be a 
correction. This time around, they expect the correction to be much deeper 
given the recent bullish impulse move. The target from her sis a move back 
into the $107,000 territory, before moving further downward to take on the 
$106,400 support. Despite the expectation of a price dip, the analyst warns 
that the Bitcoin price remains overall bullish from here. As the crypto market 
ushers in the month of July, which is usually bullish for Bitcoin, it is 
possible that the cryptocurrency does put in a new all-time high this month, 
seeing as there is less than a 5% move left to beat its current $111,900 peak. 
Featured image from Dall.E, chart from TradingView.com