Elon Musk says that his new America Party will support Bitcoin, but does it have a chance in the American political system?

Musk’s America Party may support Bitcoin but still faces third-party pitfalls

The surge in Bitcoin&#8217;s value highlights increased institutional interest and 
regulatory optimism, but also underscores heightened market volatility.
The post Bitcoin hits $112K new ATH after breaking past key resistance 
appeared first on Crypto Briefing.

Bitcoin hits $112K new ATH after breaking past key resistance

Bitcoin shattered its previous all-time high on Wednesday, soaring to an 
unprecedented $112,040 per coin. The cryptocurrency appreciated 3% against the 
U.S. dollar on July 9, registering a new record on Bitstamp at $112,040. 
Bitcoin’s market capitalization now rests at $2.221 trillion, accompanied by 
$28.18 billion in volume exchanged throughout the day. This upward movement 
[…]

Bitcoin Blasts Past $112K—Short Sellers Obliterated in $223M Bloodbath

Bitcoin price roared to a new all-time high above $112,000. Cointelegraph 
explains why.

Bitcoin soars to new all-time high above $112K as traders liquidate shorts

Bitcoin has officially entered price discovery mode, breaking its May high as 
bearish indicators failed to contain ETF-led flows, growing corporate balance 
sheet adoption, and macro tailwinds. Traders who bet against the breakout are 
now fueling the rally’s next leg.…

BREAKING: Bitcoin price hits record high as ETF demand overwhelms bearish market setup

US traders and DeFi fans have turned their eyes to Sei Network (SEI) after its 
Total Value Locked (TVL) climbed past $626 million. That leap marks a huge 
rise from about $60 million at the start of 2024, showing a strong wave of new 
funds and fresh users staking assets on the chain. Related Reading: XRP Could 
Hit $35 If It Captures A Quarter Of Remittance Market By 2029 Sei Network TVL 
Rockets According to DeFiLlama, TVL on Sei surged from roughly $60 million in 
January 2024 to almost $700 million at its peak. That represents nearly a 10 × 
gain in just six months—growth most rival chains only manage in single‑digit 
or low double‑digit jumps of 10–50 % over the same stretch. Based on reports 
by crypto fans on X, this kind of TVL swing is very rare in today’s tight 
market. $SEI just set a new all-time high for Total Value Locked, climbing 
past $625 million. 📈 More capital flowing in, more on-chain activity picking 
up &#8211; the SEI ecosystem’s clearly pulling in fresh attention. 
pic.twitter.com/xqruXfoqVn — Kyledoops (@kyledoops) July 7, 2025 On‑Chain 
Activity Picks Up Crypto observer Kyledoops shared that daily transfers and 
smart‑contract calls on Sei have climbed steadily. “More capital is flowing in 
and on‑chain actions are rising,” he wrote. Some market observers say that 
some parts of the ecosystem saw 10–50 % jumps in TVL, with a few protocols 
posting even bigger gains. This buzz comes at a time when many DeFi projects 
are struggling to grow. Japan Approval Draws Investors Based on reports, a key 
boost arrived when Sei earned approval from the Japan Financial Services 
Agency. That nod gives it a regulated path into one of the world’s strictest 
crypto markets. Artemis Analytics noted that daily active addresses hit a 
two‑year high right after the JFSA greenlight. Institutions are said to be 
taking a closer look at trading and custody options in Tokyo. $SEI just 
received approval from Japan’s FSA It is required in Japan to be listed on 
exchanges so quite important. Once XRP received this, it had a HUGE rally 
👀@SeiNetwork 🤝 — Gordon (@AltcoinGordon) July 4, 2025 Price Swings Test 
Support SEI’s token price more than doubled in June after a US 
government‑backed stablecoin pilot was announced and after SEI Labs proposed 
SIP‑3, a shift to an EVM‑only chain. Even with that jump, the coin still sits 
about 78 % below its March 2024 peak, trading around $0.26 today. Some 
technical analysts point to a chart floor at $0.25. A breach there could push 
SEI closer to $0.20, which would put pressure on holders who bought in at 
higher levels. Related Reading: 2% Of All XRP Is In His Hands — But Who Is He? 
Sei Price Forecast According to current projections, SEI is set to drop by 25% 
and reach $0.19 by August 8, 2025. Based on technical indicators, market 
sentiment remains Bullish while the Fear &amp; Greed Index sits at 66 (Greed). 
Over the last 30 days, SEI logged 17/30 (57%) green days and saw 19% price 
swings in that window. These figures suggest that short‑term dips could be 
sharp, but buyers may view lower prices as a chance to get in. Featured image 
from Unsplash, chart from TradingView