Turkish households hold an estimated $311 billion worth of unregistered physical gold outside the formal financial system, a massive stockpile far exceeding the central bank&#8217;s official reserves. Beyond Banks: Türkiye Citizens Hold $311B in Physical Gold According to central bank estimates cited by Onur Erdogan for Türkiye Today, this &#8220;under-the-pillow&#8221; gold, calculated as of the […]

$311B Worth of Pillow Gold: Türkiye Household Gold Hoard Dwarfs Central Bank Reserves

Ethereum is approaching a pivotal moment as it pushes to reclaim the $2,600 
level, aiming to break free from weeks of sideways action. After trading 
within a tight range since early May, ETH is now testing the upper boundary of 
its consolidation zone, a move that could mark the start of a new bullish 
phase for the world’s second-largest cryptocurrency. Related Reading: Altcoins 
Set A Higher Low – Bulls Target 2024 High To Trigger Altseason Market 
participants are closely watching this level, as a successful breakout above 
$2,600 would likely attract momentum buyers and confirm renewed strength 
across the altcoin sector. However, the breakout is far from guaranteed. If 
bulls fail to sustain this move, Ethereum could face renewed selling pressure, 
with price potentially revisiting lower support zones. According to Coinglass 
data, liquidity clusters are clearly defined at $2,800 and $2,350. These 
levels will likely act as magnets in the coming days, depending on how 
Ethereum responds to current resistance. A clean break toward $2,800 would 
confirm bullish intent and broader altcoin surges, while a rejection could 
reinforce bearish sentiment. Ethereum&#8217;s Next Move Could Ignite Altseason 
Altcoins remain nearly 50% below their all-time highs, but bullish momentum is 
quietly building. Ethereum, the leader of the altcoin market, has been 
consolidating in a well-defined range between $2,400 and $2,700 since early 
May. This prolonged sideways action has kept much of the altcoin sector in a 
state of indecision. Now, traders and analysts agree: Ethereum must break out 
to lead the next major move. Market analyst Ted Pillows identifies two key 
liquidity levels for ETH: $2,800 on the upside and $2,350 on the downside. 
These zones represent the most likely destinations for price in the short 
term, depending on which side of the range breaks first. If Ethereum pushes 
above $2,800 with strength, it would likely trigger renewed risk appetite and 
a broad-based altcoin rally. On the other hand, a breakdown below $2,350 could 
lead to deeper corrections across the board. So far, bulls have defended the 
$2,500 level well, and growing open interest suggests that investors are 
positioning for an expansion. A decisive breakout in either direction will 
resolve weeks of consolidation and determine the short-term trend. Until then, 
Ethereum remains the gatekeeper of altcoin momentum—its next move could define 
the path for the entire market. Related Reading: Altcoins Set A Higher Low – 
Bulls Target 2024 High To Trigger Altseason ETH Tests Resistance Amid Range- 
Bound Structure Ethereum is currently trading at $2,563, hovering just below 
the $2,600 mark, a level that has acted as short-term resistance throughout 
June and early July. As shown in the 12-hour chart, ETH has been trapped in a 
horizontal consolidation structure between $2,400 and $2,700, with multiple 
failed attempts to break either side convincingly. The price remains above the 
50, 100, and 200 simple moving averages (SMAs), which is a positive signal for 
bulls. The 100 SMA at $2,532 and the 200 SMA at $2,206 have offered strong 
dynamic support during recent pullbacks, reinforcing the current uptrend 
structure. Volume remains moderate, suggesting that market participants are 
waiting for a clear breakout before entering with conviction. A decisive close 
above $2,600 would open the door for a move toward $2,800, where large 
liquidity clusters have been identified by Coinglass. Related Reading: No Room 
For Bears: Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook However, 
failure to maintain this short-term momentum could push ETH back toward the 
$2,400 support zone. Bulls have defended this level several times, and a break 
below it would likely invalidate the bullish setup and increase the risk of a 
deeper correction. Featured image from Dall-E, chart from TradingView

Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350

As the XRP price consolidates, one of its top catalysts is facing substantial 
threats from Circle Internet Finance. Ripple (XRP) was trading at $2.20 on 
Monday, July 7, within a range it has maintained over the past few days. This…

Here’s why Circle’s CPN could be a threat to XRP price

Bitcoin was up and down on Monday while stocks languished in the red, as U.S. 
President Donald Trump announced a new tariff deadline and Elon Musk launched 
a new political party. Stocks Dip, Bitcoin Bounces Stock markets bled on 
Monday after U.S. President Donald Trump extended his tariff deadline from 
July 9 to August 1. […]

Bitcoin Seesaws as Stocks Slip

XRP has been one of the few altcoins showing strength amid broader market 
hesitation. But as price approaches a critical resistance zone, volume will be 
the deciding factor for the next move. Ripple’s (XRP) price is defying broader 
market weakness…

XRP maintains bullish momentum: can bulls break the $2.42 barrier?

Garlinghouse&#8217;s testimony could accelerate US crypto regulation, potentially 
fostering innovation and consumer protection in digital markets.
The post Ripple CEO Brad Garlinghouse to testify before US Senate on crypto 
legislation appeared first on Crypto Briefing.