Bitcoin sets a new high of $120,000, triggering a series of headlines. One noticeable activity in the
cryptocurrency market is a major whale transfer amounting to billions going to
Galaxy Digital, according to onchain analysts. Bitcoin ETF
MATADOR Technologies plans to purchase 6000 Bitcoin by 2027. Investors also await the outcome of Congress's
'Crypto Week', regarded as a significant force in Bitcoin's record high. Renowned broker
Cantor Fitzgerald is rumored to be nearing a $4bn SPAC deal with a Bitcoin pioneer. Furthermore,
Cantor Fitzgerald indicates plans for a massive $3.5 billion Bitcoin buy from
Adam Back’s Blockstream. Amid these developments,
MicroStrategy resumed Bitcoin purchases, amassing over 600,000 BTC. Statistically,
Ethereum has been outperforming Bitcoin, sparking speculations of altcoin season. A sudden surge in the Ethereum price could potentially result in Bitcoin dominance receding.
Cathie Wood’s ARK pulls out its holdings from its Bitcoin ETF even after a split-adjusted all-time high.
Kevin Svenson, an analyst, predicts Bitcoin's climb to the vertical stage, with significant price targets earmarked. Interest in Bitcoin has led cryptocurrency firms like
Standard Chartered to launch Bitcoin and ether spot trading for institutional clients. Meanwhile, Mt. Gox's Karpeles has been sued by 'Bitcoin Jesus' to block US extradition. Some analysts, nevertheless, warn of Bitcoin Treasury strategy being a speculative time bomb.
BTC News Analytics from Thu, 10 Jul 2025 19:44:56 GMT to Wed, 16 Jul 2025 21:11:27 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor 3
