Bitcoin prepares for an impulse move, and if the upside is taken, ETH, BNB, AVAX and PENGU could explode higher. Key points: Bitcoin is preparing for a range expansion in the next few days, and the trend favors the bulls. ETH, BNB, AVAX, and PENGU are looking set for a possible upside move. Read more
ETH continues to show strength with record open interest and high network activity as bulls expect an upside breakout soon. Key takeaways: Ether’s open interest has doubled since June 22 to a record high of $58 billion. High network activity and a record stablecoin supply signal strong demand. Read more
Backed by Cantor Fitzgerald, Tether and SoftBank, Twenty One Capital now holds over 43,500 BTC, surpassing early projections, according to Bloomberg. Cantor Fitzgerald-backed Twenty One Capital has significantly increased its Bitcoin (BTC) holdings, expanding its treasury beyond the amount announced at launch, highlighting the accelerating race to accumulate the digital asset. The Bitcoin treasury firm, which launched in April with a mission to amass the digital asset, has added approximately 5,800 BTC from stablecoin issuer Tether, Bloomberg reported on Tuesday. By Bloomberg’s estimation, Twenty One Capital’s total Bitcoin holdings have now reached at least 43,500 BTC, roughly 1,500 BTC more than the company had initially projected. Read more
BTC price action turns weaker after the Wall Street open, with Bitcoin market participants bracing for lower levels despite bullish US macro data. Key points: Failure to reclaim $120,000 could spell trouble for Bitcoin bulls. Whales appear to be offloading at local highs, creating further hurdles to price upside. Read more