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CoinEx News: Bitcoin experienced a sharp decline in recent days, but on-chain data suggests strong support forming between $112,000 and $113,000. New coin accumulation in this range surged from 119,838 BTC to 341,232 BTC over the past three days, indicating significant buying activity and a potential price floor as investors exchange coins. However, the crypto market remains sensitive to macroeconomic factors, particularly Federal Reserve policies. Investors should monitor Fed Chair Jerome Powell’s upcoming statements for hints on future interest rate cuts.
Federal Reserve keeps interest rates unchanged!
The US Federal Reserve left interest rates unchanged at a range of 4.25 to 4.50 percent. Bitcoin prices fell slightly after the US central bank's decision. The decision came at a time when inflation remains above the Fed's 2 percent target.
Will the King of Cryptos Experience a Drop?
Michael Silver Halts Bitcoin Buying
Strategy, formerly known as MicroStrategy, said it made no new purchases of Bitcoin in the week ending July 27. Despite the halt in purchases, MSTR shares rose nearly 3% to around $417.
Bank of America Names Bitcoin the Best and Dollar the Worst Currency of 2025!
Bank of America has named Bitcoin the best currency of 2025 in its official report. The $1.6 trillion bank announced in its “Cross-Asset Winners & Losers” report, published on July 9, that Bitcoin’s price has outperformed traditional currencies, including the Swedish krona, Swiss franc, and euro, with an 18.2% year-to-date gain.
Bitcoin is poised to explode to $150,000! Dave the Wave, a well-known analyst who correctly predicted the end of the cryptocurrency bull market in 2021, believes that Bitcoin could reach $150,000 this year. The analyst told his Platform X followers that Bitcoin is showing a bullish continuation pattern on the weekly chart.
Ethereum’s Stunning Prediction: Potential to Reach $706,000 in the Long Term
A new, comprehensive study predicts that the value of each unit of Ethereum (ETH) could reach $706,000 in the long term. The 38-page report, written by 21 leading cryptocurrency researchers and experts, describes Ethereum as digital oil; an inflationary, profit-making reserve asset that is both the engine and the guarantor of the emerging blockchain economy.
Bitcoin holdings on exchanges hit 6-year low!
According to new data, Bitcoin holdings on exchanges have fallen to their lowest level since 2019, now below 2,900,000. The dramatic drop is seen as a sign of widespread hoarding and the transfer of assets to cold wallets by investors, raising the possibility of a “supply shock” in the market.
Trump Media Files SEC Application for Registration of its Bitcoin and Ethereum Dual ETF
The digital arm of the New York Stock Exchange, NYSE Arca, has filed an official application with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin and Ethereum dual exchange-traded fund (ETF) affiliated with Trump Media’s Truth Social.
Bitcoin inflows to Binance fall to lowest level since 2024 due to historic Iran-Israel war.
New data from CryptoQuant shows that Bitcoin inflows from whales and retail investors to the Binance exchange have fallen to their lowest level since the beginning of 2024.
Senate Clears Path to Stablecoins Act with Decisive Vote
The Senate has ended debate on the Generating National Innovation and Guidance for U.S. Stablecoins (GENIUS Act) by a vote of 68 to 30, paving the way for final passage of the bill by a majority. The vote, known as a “cloture vote,” is an important procedural step to prevent lengthy debate and expedite the legislative process.
Michael Saylor’s New Signal for Strategy to Buy Bitcoin
Michael Saylor, founder of Strategy, has once again signaled an imminent Bitcoin purchase by the company with a new post on the social network X. This is the eighth consecutive week that Strategy has purchased Bitcoin.