The CEO, who was just appointed in June, is also listed among the management of Japan-based crypto exchange BITPoint.

Japanese company moves to align CEO with Bitcoin strategy, full salary goes to BTC

Institutional adoption of crypto ETFs signals a shift towards mainstream 
acceptance, potentially increasing crypto&#8217;s role in diversified portfolios.
The post Trillion-dollar bank clears Bitwise crypto ETF for advisor-managed 
accounts appeared first on Crypto Briefing.

Trillion-dollar bank clears Bitwise crypto ETF for advisor-managed accounts

The altcoin market is flashing a familiar signal that preceded its most 
explosive rallies in the past. After months of uncertainty and price 
consolidation, a new analysis suggests that altcoins have just reclaimed a 
critical trendline—the same one that marked the beginning of the 2017 and 2021 
bull runs. With market patterns aligning and fractals emerging, analysts are 
now questioning whether the conditions are once again ripe for a massive 
altcoin breakout. Altcoins Eye Vertical Move As Bear Trap Ends The altcoin 
market may be on the brink of a historic breakout, according to a recent chart 
analysis by crypto expert Merlijn The Trader. The analyst draws parallels 
between the current cycle and those of 2017 and 2021. The analyst’s chart, 
published on X social media, shows that the total altcoin market 
capitalization has reclaimed a long-term ascending trendline that had preceded 
previous vertical expansions during major bull runs. Related Reading: Altcoin 
Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert 
Says In earlier cycles, altcoins briefly broke this trendline in what was 
identified as a “bear trap” before swiftly reversing and launching into 
explosive growth phases. Merlijin The Trader reveals that this pattern appears 
to be repeating in this cycle, as the current market structure mirrors 
previous setups that triggered rapid valuation increases across the altcoin 
sector. The ascending trendline recovery is framed within a red box in the 
chart, consistent with the zones that marked the end of prior downtrends. In 
each instance, the reclaim was followed by aggressive upward movement, 
highlighted by green boxes that represented parabolic gains in the total 
market cap. Merlijn The Trader suggests that the recent rebound indicates the 
completion of another bear trap, signaling renewed bullish momentum. Green 
arrows placed below the price curve, matching the timing of previous breakouts 
within the analyst’s chart, imply that the altcoin market could be preparing 
for another phase of expansion. If the historical fractal holds, the analyst 
forecasts a sharp vertical rally for altcoins, with valuations possibly 
reaching the $10-$16 trillion range. Altcoin Market Mirror 2016-2018 Breakout 
Setup In another fresh analysis, Merlijn The Trader noted that the altcoin 
market cap is showing signs of repeating a historical pattern that previously 
led to a major bull rally. A comparison between the 2016-2018 market cycle and 
the current one reveals an almost identical structure playing out, albeit on a 
much larger scale. Related Reading: Bitcoin Dominance Holds Altcoin Season At 
Bay, Analyst Says No Upside Until This Happens The market appears to have 
formed a Double Bottom, followed by a mid-cycle correction and consolidation 
within a descending broadening wedge pattern. This same fractal unfolded 
before the explosive altcoin rally in 2017. The analyst’s chart also 
illustrates that in the previous cycle, altcoins broke out of this same wedge 
pattern, resulting in a massive surge in market capitalization, which he 
referred to as “Pump 2.0”. With the same breakout now confirmed for this 
cycle’s market structure, Merlijn The Trader predicts that the altcoin sector 
may be entering its next parabolic expansion phase. This development could 
mark the end of the altcoin market&#8217;s current bear phase and the beginning of a 
second macro pump similar to what occurred between 2017 and early 2018. 
Featured image from Unsplash, chart from Tradingview.com

Altcoins Reclaim Trendline That Led To 2021 Explosion, Will History Repeat Itself?

Bitcoin ETFs kicked off the week with a healthy $217 million in net inflows, 
continuing the July rally. Ether ETFs added to the positive sentiment with 
$62.11 million in inflows, driven primarily by Blackrock and Fidelity. ETF 
Momentum Builds: Bitcoin Sees $217 Million Inflow, Ether Adds $62 Million 
Investors returned from the holiday stretch with […]

Bitcoin and Ether ETFs Open the Week With Strong Inflows

Bitcoin’s inflow/outflow ratio fell to 2022 lows, and the cumulative volume 
delta shows short-selling pressure failing to push prices lower. Time for a 
rally?

Bitcoin metric says $100K BTC was the bottom: When will a rally to new highs start?

Ethereum is consolidating above the $2,500 mark, showing resilience amid 
broader market uncertainty. While bulls have successfully flipped $2,500 from 
resistance into support, the price still faces significant pressure below the 
$2,700 zone. This range-bound behavior has persisted since early May, and the 
coming days are likely to define the next major move, not only for ETH but 
also for the broader altcoin market. Related Reading: Ethereum Range Tightens 
– Liquidity Looms At $2,800 And $2,350 Top analyst Ted Pillows shared 
technical insights, highlighting Ethereum’s current structure, particularly 
after the $2,500 level was reclaimed. However, the next challenge lies in 
reclaiming the range high. A breakout above this key resistance could trigger 
a strong bullish continuation and potentially ignite an altseason, as capital 
often rotates into altcoins once ETH gains momentum. On the flip side, failure 
to sustain current support may open the door for a pullback toward lower 
demand levels. For now, bulls appear to be in control, but the market remains 
on edge, awaiting a decisive move. Whether ETH can build enough strength to 
break through resistance or slips into another leg of consolidation will 
likely shape sentiment and positioning for the weeks ahead. Ethereum Builds 
Strength As It Eyes Range High Ethereum continues to trade within a well- 
defined consolidation zone, oscillating between $2,400 and $2,700 since early 
May. After reclaiming the $2,500 level and flipping it into support, ETH now 
looks poised for a potential breakout. Ted Pillows highlighted this shift in 
momentum, stating that Ethereum is “looking good” and could soon revisit the 
upper boundary of the range. However, despite Ethereum’s strength, broader 
market conditions remain mixed. Bitcoin’s failure to break above its all-time 
high adds pressure to the crypto market, and altcoins continue to struggle to 
find solid footing. While macroeconomic uncertainty has eased following 
encouraging job reports and legislative developments in the US, headwinds 
persist. Rising US Treasury yields and the Federal Reserve’s ongoing delay in 
cutting interest rates contribute to a cautious environment. Still, Ethereum’s 
ability to hold above $2,500 suggests bullish intent. If price pushes toward 
and ultimately breaks above $2,700, it could trigger a broader move across 
altcoins, reawakening market momentum. But without a breakout in the short 
term, another leg of consolidation—or even a pullback—remains possible. This 
week may prove pivotal in setting the tone for Ethereum and the altcoin 
market’s next phase. Related Reading: Ethereum Risks Downside If Resistance 
Holds: $2,700 Level Is Critical ETH Tests Resistance As Consolidation Tightens 
Ethereum is trading at $2,550, holding above its key moving averages and 
continuing to consolidate in a tight range. The daily chart shows that ETH is 
attempting to break above the 200-day moving average (red), currently sitting 
near $2,488, while managing to stay above both the 50-day (blue) and 100-day 
(green) moving averages. This convergence of key technical levels highlights 
the current equilibrium between bulls and bears. Despite multiple attempts 
since early May, Ethereum has not been able to sustain a breakout above the 
$2,700 mark. Each push higher has faced selling pressure, suggesting that this 
zone remains a major area of resistance. However, recent price action shows 
higher lows and strong defense of the $2,500 level, signaling building 
momentum. Related Reading: Altcoins Set A Higher Low – Bulls Target 2024 High 
To Trigger Altseason Trading volume remains relatively flat, which aligns with 
the ongoing consolidation, but could also foreshadow a volatility spike once 
direction is confirmed. A successful daily close above the $2,600–$2,700 zone 
could trigger an impulsive move toward $3,000 and beyond. Conversely, a 
breakdown below the $2,480 level would invalidate the bullish structure and 
shift sentiment. Featured image from Dall-E, chart from TradingView