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

The New Zealand government has announced it is banning crypto ATMs as part of 
its efforts to enhance anti-money laundering and counter-financing of 
terrorism measures. New Zealand Says It Is Targeting Criminals, Not Legitimate 
Businesses The New Zealand government has announced a ban on crypto ATMs to 
bolster its anti-money laundering and counter-financing of terrorism […]

New Zealand Says Crypto ATM Ban Aims to Close Money Laundering Loophole

A new analysis shows that Bitcoin (BTC) may be on the verge of a calculated 
price crash that could take it below $107,000 before igniting the next bullish 
rally. The cryptocurrency market structure currently reflects a short-term 
bearish correction within a broader bullish trend, supporting the likelihood 
of a potential surge to new all-time highs soon. Bitcoin Prepares For Final 
Dip Below $107,000 Crypto market expert, Tehi Thomas, in a recent TradingView 
post, suggested that Bitcoin’s current structure may be entering its final 
corrective phase. The analyst points to a potential price crash below the 
$107,000 level as part of a strategic play by smart money. Related Reading: 
Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target The 
analyst shared a chart showing Bitcoin forming consecutive lower highs while 
its price presses downwards. Across these highs, the market is also respecting 
a descending trendline, a pattern which often indicates short-term bearish 
pressure. Notably, this trendline appears to be serving as a potential trap 
designed to engineer a liquidity grab and discount entry. Thomas notes that 
once the key zone and sell-side liquidity area around $107,800 is taken, 
Bitcoin’s price is expected to dip into a nearby Fair Value Gap (FVG), 
extending down to the $106,500-$106,200 region. This FVG overlaps with 
critical Fibonacci levels, particularly the 0.786 retracement near $106,200, 
strengthening the confluence for a potential reversal point. Thomas has 
highlighted this $106,200 level as a high-probability buy zone, where 
institutions may re-enter the market. Notably, the analyst’s anticipated price 
correction for Bitcoin is not seen as a breakdown of structure or market 
failure, but rather a calculated liquidity grab to fill inefficiencies left 
from the previous lag. As long as the price respects the $106,000 range and 
displays bullish order flow afterward, its projected correction is expected to 
complete the accumulation phase. All-Time Highs In Sight After Key Reversal 
Following Bitcoin’s projected sweep and fill of the FVG, the cryptocurrency is 
expected to form a reversal structure that could kick off the next major 
rally. Despite the projected crash below $107,000, Thomas asserts that 
Bitcoin’s overall macro trend remains bullish. Moreover, this short-term 
pullback is considered a setup for a much larger move toward a new all-time 
high. Related Reading: Bitcoin Price To See 52% Increase To $166,000, Analyst 
Reveals Tight Timeline Thomas’s chart marks the $110,500 zone as the final 
magnet and ATH target, with a significant layer of untapped liquidity above 
it. The analyst’s thesis is that once the sell-side pressure is exhausted and 
displacement confirms the shift in direction, Bitcoin could once again regain 
bullish momentum. Furthermore, the TradingView expert has pointed out that the 
FVG near $106,200 acts as both a liquidity magnet and a springboard, set to 
launch the flagship cryptocurrency into price discovery mode once again. 
Currently, Bitcoin is trading at $108,744, meaning a potential surge to the 
projected ATH level at $110,500 will represent a 1.61% increase. Featured 
image from Pixabay, chart from Tradingview.com

Last Crash Before The Surge: Why Bitcoin Is Set To Drop Below $107,000

BONK is facing profit-booking near $0.000026, but the pullback is likely to 
find buyers near $0.000020.

BONK news update: Will LetsBonk’s surging popularity push the altcoin above $0.000026?

Circle and OKX have partnered to streamline USDC conversions and improve 
liquidity, giving over 60 million users seamless access to USD-to-USDC swaps 
and simplifying on- and off-ramping. USDC Goes Global: Circle and OKX Simplify 
Fiat Conversions for 60 Million Users Circle Internet Group (NYSE: CRCL) and 
crypto exchange, OKX, have announced a strategic partnership to […]

Circle and OKX Join Forces to Boost USDC Liquidity for 60 Million Users

The motion to pause repayments to residents of certain countries has added a 
new wrinkle to the FTX saga.