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According to reports, Ripple has sounded the alarm over a wave of new scams targeting XRP holders on YouTube.

XRP recently climbed past its 2018 high of $3.61, driving its market cap above $200 billion. That success has brought out a swarm of fraudsters.

They’re hijacking active channels, rebranding them with official logos, and posting fake “double your XRP” giveaways. Victims send coins — and they never see them again.

Between 2021 And 2023, Social‑Media Scams Drained Billions

Between 2021 and 2023, social‑media scams drained nearly $3 billion from users. Close to $2.5 billion of that figure came from “deep fakes”, or video impersonation schemes alone.

Those numbers show just how far fraud can reach when scammers copy official branding. It’s easy to feel safe clicking on a familiar logo, especially when XRP is surging and emotions are high.

Like clockwork, with success and market rallies, scammers ramp up their attacks on the crypto community — PLEASE BEWARE of the latest scam targeting the XRP family on @YouTube and impersonating @Ripple’s official account! We will keep reporting these – please do the same.

As… https://t.co/WodO4ZUyW9

— Brad Garlinghouse (@bgarlinghouse) July 23, 2025

Scammers Ride XRP’s Upswing

Fraudsters are quick to follow every price jump. When XRP passed $3.50 last week, cloned YouTube accounts started popping up everywhere.

They promise to match or double any deposit sent to a wallet address. Most channels even splice in real clips from Ripple events to look legit.

Then they swap in fake names and profile pictures in Ripple’s style. The losers? People who think they’re dealing with the real company.

Deepfakes And Paid Ads Fuel Scam Growth

Based on reports, scammers aren’t stopping at simple editing tricks. They’re using social engineering and other kinds of tools to drop in interviews with actual Ripple team members.

Then they overlay voice‑overs and fake on‑screen text that invites people to send XRP for a giveaway. Some even buy paid ads on Facebook and Instagram to spread their posts faster.

If one channel is flagged and removed, another three or four crop up within hours. It’s a game of whack‑a‑mole that favors the scammers and the speed at which they operate.

Community Response And Executive Warnings

Meanwhile, Ripple CEO Brad Garlinghouse has publicly urged people to stay alert every time the crypto market gains steam.

He’s pointed out that fake giveaways and phishing setups pop up whenever XRP makes headlines. His message is clear: scams evolve as fast as the market itself. And they won’t stop unless users learn to spot the red flags.

User Warnings And Safety Tips

To stay safe, never send XRP or any other coin first in hopes of a reward. Always compare the channel name and URL against those listed on Ripple’s official site.

Enable two‑factor authentication on YouTube, email, and any exchange accounts you use. If you see a suspicious post or ad, report it immediately — and warn others in community forums so they don’t fall for the same trick.

Featured image from Unsplash, chart from TradingView

Ozzy Osbourne may have left this world, but his digital legacy is more alive than ever.

After the rock legend’s passing, his CryptoBatz NFT collection shot up over 400% in value almost overnight.

The floor price jumped, the trading volume exploded, and suddenly, bats were flying all over OpenSea like it was 2021 again.

But here’s the twist – it’s not just Ozzy’s NFTs getting a boost.

In a wild coincidence (or perfect marketing storm), a brand-new meme coin called TOKEN6900 ($T6900) has just smashed through $1M in its crypto presale, riding the same wave of hype and nostalgia.

From rock icons to meme-powered tokens, the internet’s having a moment – and so are investors looking for the best altcoins before the next bull run.

From Bat Bites to Blockchain Boom

Ozzy launched CryptoBatz in 2021, right at the peak of the NFT mania.

Each bat in the 9,966-piece collection wasn’t just a cool collectible – it had a unique twist. Holders could ‘bite’ another NFT and create a mutant hybrid.

Think of it as Pokémon meets heavy metal. You could combine a CryptoBatz with a Bored Ape Yacht Club, SupDucks, or Cryptotoadz to make something truly bizarre and possibly valuable.

The whole concept was inspired by Ozzy’s infamous 1982 bat incident, where he bit the head off a bat on stage, thinking it was fake. Now, that wild moment is immortalized on the blockchain.

After his death, fans rushed back to the collection as both a tribute and an investment, proving that legacy NFTs still pack a punch – even in a market that’s down nearly 99% from its peak.

What Is TOKEN6900 and How Does It Work?

TOKEN6900 ($T6900) isn’t just another new crypto project with a goofy name and a moonshot dream. It’s a full-blown rebellion against traditional finance, wrapped in early 2000s internet chaos.

At its core, it’s a non-utility token that proudly offers nothing – no roadmap to nowhere, no fake utility buzzwords, and absolutely zero AI fluff.

Instead, it leans hard into satire, drawing inspiration from the S&P 500 and the mythical SPX6900, poking fun at how long it took Wall Street to do what meme culture now does overnight.

Built on the idea that ‘everything else pretends,’ $T6900 calls itself the first Non-Corrupt Token (NCT). There’s no token printing, no shady inflation, and no silent dilution.

The total supply is fixed, and 80% is allocated to the fair-launch presale. No VC backdoor deals.

No central bank-style manipulation. Just memes, honesty, and a dolphin mascot that probably has no idea what monetary policy means.

The presale caps at $5M, making it one of the most straightforward token launches in the wild west of crypto.

TOKEN6900 is a product of the people, not polished corporate PR. It mocks financial systems that pretend to protect you while slowly draining your value.

The token does none of that. And somehow, that makes it the most honest thing you could buy in a world of lies.

Why Buy TOKEN6900 Right Now

If there’s ever been a perfect time to ape into a meme coin, it’s now.

$T6900 is still in presale, you can buy it for just $0.0067, and it’s already raised over $1M.

That’s not just hype – it’s traction. And given the timing, it’s hard not to see the parallels with Ozzy Osbourne’s CryptoBatz moment.

When legacy icons like Ozzy send NFTs flying 400% overnight, it reminds the market of one thing: narrative matters.

TOKEN6900 has one. It’s anti-everything, pro-nothing, and exactly the kind of high-risk, high-reward gamble that meme coin fans live for.

While the rest of the market plays pretend with complex tokenomics and delayed promises,

$T6900 is here, loud and fully funded, doing the one thing that still works in crypto – going viral.

Bats, Memes, and Moonshots

Ozzy’s final encore might be happening on the blockchain. And right behind him are meme coins like $T6900, turning internet attention into real money.

If CryptoBatz proves anything, it’s that legacy, community, and timing can still move markets. TOKEN6900 seems to be hitting all three.

This article is for informational purposes only and doesn’t constitute financial advice. Always do your own research (DYOR) before investing in crypto.

A new research from analytics firm Artemis argues that Ether is undergoing the same reputational pivot Bitcoin experienced in the mid-2010s, but on fundamentally different terms. “Evaluating ETH purely through the lens of cash flows or protocol fees is a category error,” writes lead author Kevin Li. “It is better understood as a scarce yet productive, programmable reserve asset whose value accrues through its role in securing, settling and powering an increasingly institutionalized on-chain economy.”

Ethereum’s Path To Reserve Asset Status

Li begins by tackling the long-running critique that Ethereum’s flexible monetary policy disqualifies it as a store of value. He models a worst-case scenario in which every ETH in existence is staked and issuance hits its theoretical ceiling. Even then, annual inflation tops out at roughly 1.52 percent in 2025 and decays to 0.89 percent by 2125—well below the US dollar’s 6.36 percent average M2 expansion since 1998 and even beneath gold’s long-run annual supply growth. The paper argues that the combination of sublinear issuance and the EIP-1559 burn has already pushed net inflation near—or periodically below—zero, giving ETH a supply profile that “rivals gold while retaining the programmability of software.”

Macro conditions provide the backdrop for the thesis. Artemis notes that decades of monetary expansion have eroded trust in fiat and driven investors toward alternative stores of value. The US consumer-price index has averaged 2.53 percent a year since 1998, but the money supply has grown more than twice as fast, a gap the report claims “may account for a significant share of nominal equity-market gains.” Ethereum’s adaptive monetary policy, Li contends, offers a disciplined alternative without sacrificing the network’s ability to pay validators.

Institutional adoption is the second pillar of the argument. Over the past 12 months JPMorgan, BlackRock and Robinhood have each chosen Ethereum rails—either the base layer or an affiliated roll-up—for tokenized deposits, money-market funds and equity trading prototypes. The report cites BlackRock’s BUIDL fund and JPMorgan’s forthcoming JPMD deposit token as proof that blue-chip institutions are no longer experimenting on testnets but building products that will settle value at scale. “As traditional finance migrates on-chain, the need to hold and stake ETH becomes structural rather than discretionary,” Li writes.

That dynamic is visible in on-chain data. Artemis calculates that the supply of stablecoins and tokenized real-world assets on Ethereum reached a record $123 billion in June, while the amount of ETH locked in validators climbed to 35.5 million. The year-on-year correlation between the value of on-chain assets and staked ETH exceeds 88 percent across every major category the firm tracks, reinforcing the idea that demand for security and settlement drives demand for the native token.

Regulation, long the wild card for any staking-based value proposition, has started to tilt in Ethereum’s favor. On May 29 the US Securities and Exchange Commission’s Division of Corporation Finance issued guidance stating that protocol-level staking, delegated staking and certain custodial staking arrangements do not in themselves constitute securities offerings. While the ruling left room for fact-specific enforcement, it cleared the way for spot-ETH ETF filers to include staking provisions in their S-1 amendments. Several prospective issuers have since done exactly that, promising investors both passive exposure to ETH and a share of consensus rewards.

Competition For Bitcoin?

The Artemis report also highlights an emerging “treasury-asset wave” reminiscent of MicroStrategy’s Bitcoin strategy in 2020. Sharplink Gaming disclosed in late May that it would begin allocating corporate cash to Ether, a move followed by a cluster of smaller US and Asian public companies. Together they now hold more than 730,000 ETH, or roughly $2.6 billion at current prices. The accumulation has coincided with a period of ETH outperformance versus BTC—an unusual trend in the current cycle, which has otherwise been dominated by Bitcoin narratives such as halving supply shocks and prospective US reserve holdings.

Critics who argue that Layer 2 networks cannibalize Ethereum’s fee base “miss the point,” Li says. By off-loading execution while anchoring settlement and data availability to the base layer, roll-ups expand Ethereum’s total addressable market without eroding its security budget. Li compares the arrangement to the Federal Reserve System: “Regional banks handle day-to-day traffic, but ultimate settlement rests with the central bank.” In that analogy ETH is the reserve asset that guarantees finality.

The paper concedes that other high-throughput Layer 1s, particularly Solana, have siphoned off “meme-coin velocity” and micro-transaction volume. Solana processed more transactions than Ethereum in five of the past six quarters. Yet Li argues that the market for assets requiring maximal security is “orders of magnitude” larger than the market for speculative trading throughput, especially as traditional finance tokenizes bonds, deposits and money-market funds.

Perhaps the most pointed section of the report re-examines Bitcoin’s own “digital gold” narrative. Just as early critiques once dismissed BTC as volatile, illiquid and pointless, ETH today faces doubts about its identity. “Bitcoin users once had to justify why a purely digital bearer asset could compete with gold,” Li writes. “Ethereum users now have to justify why a programmable, yield-bearing, burn-limited asset can compete with bitcoin. The burden of proof is reversing.”

After Ethereum’s long-awaited transition to proof-of-stake and barely two months after the SEC’s staking guidance, the conversation around ETH has shifted from “utility token” to something far closer to “reserve asset.” If Li’s thesis holds, future debates may revolve less around whether Ethereum can catch Bitcoin’s market cap and more around what happens when institutions treat Ether not as gasoline for smart contracts but as the base money of the emerging on-chain economy.

At press time, ETH traded at $3,585.

The XRP price seems to be in a slowdown after a sharp rally that put it just shy of its $3.8 all-time high. Despite the bullish developments that have emerged for Ripple and XRP over the last few months, its inability to reach new highs has suggested the altcoin might not have as much strength needed to continue. Now, another bearish development has piled on as crypto analyst Tradersboat has pointed out the formation of a double top on the chart.

XRP Price Double Top Says Rally Could Be Over

In the analysis, Tradersboat pointed out that the XRP price has already hit a double top, which often marks the end of a rally. This comes as the altcoin has been tapping into external liquidity, and there has been an exhaustion on the buyer side. The result is the double-top above the $3.6 but still below its $3.8 peak.

Naturally, a double top shows that the end is in sight and the result is usually a price crash, something the analyst alludes to. However, the chart does show that there is the possibility of one more uptrend. This is the upward sweep that will help to grab liquidity from above the $3.7 level before the trend plays out completely.

In addition to the double top formation, the crypto analyst also explains that there has been a Break of Structure (BOS). Historically, Break of Structures shows that bears are beginning to take charge, adding to the already bearish intent of the double top. Both these things point to one possible end game, and that is a price crash.

The XRP price had already swept the highs above to trigger the resistance at $3.6, indicated by the rejection from this level. So, a clean break was not achieved here. Given this, the analyst expects that there will be a sell-off back toward the sell-side liquidity zone, and this happens to lie below $3.4, with a possibility of further breakdown.

Closing In The Green For July

So far, the month of July has been quite bullish for the XRP price, pushing over 55% gains already for the month, CryptoRank shows. This is in line with the 5-year streak that has been maintained as XRP has closed each July of the last five years in the green, and 2025 is proving to be no different.

However, if the altcoin does stay true to trend, then there is a possibility that the price does crash in the month of August. With an average crash of over 12% in the last three years, the analyst’s prediction could likely play out in the month of August, which remains one of the most bearish months for the XRP price.

According to recent commentary by former Brexit Minister Jacob Rees‑Mogg on his YouTube channel, the Bank of England risks shaking public faith in the pound if it presses ahead with new banknote designs.

He argues that confidence in fiat money is built on shared belief rather than intrinsic worth. His warning comes as the Bank plans to roll out notes featuring modern images in place of familiar figures.

History Of Hard Money

Rees‑Mogg traced paper currency back to 11th‑century China, when early notes first appeared. He pointed out that from 1660 to 1914 the British pound’s buying power barely budged, thanks to its link with gold.

By contrast, unbacked paper has a track record of inflation. He said that governments printing more money serve as a hidden tax on savers and bondholders.

The Illusion Of Value

Based on reports, Rees‑Mogg held up a modern coin alongside a silver shilling from Charles I’s reign. He noted that older coins kept value through their metal content, while today’s base‑metal pieces rely entirely on trust.

He warned that “believing paper money has inherent value is a dangerous illusion,” since notes and coins carry no worth outside the system that accepts them.

Bitcoin And Gold Compared

Rees‑Mogg drew a line from gold’s long history to Bitcoin’s fixed supply. Gold grows by roughly 1–2% a year through mining, and Bitcoin cannot exceed 21 million coins.

He suggested this scarcity gives both assets “real value.” Bitcoin’s decentralized protocol leaves no room for extra tokens, unlike fiat, which governments can flood with fresh notes at will—especially after the 2008 financial crisis.

Psychology Of Design

He argues that the look and feel of money matter. Replacing familiar monarchs with abstract art, he said, weakens continuity and may chip away at trust.

He warned that when confidence collapses, so does the currency, pointing to hyperinflation in Weimar Germany and Zimbabwe as grim examples of what happens when people stop believing.

Crypto Community Reaction

Based on social posts, many in the crypto world cheered his nod to Bitcoin’s “hardness.” While Rees‑Mogg stopped short of calling crypto a better alternative, his focus on scarcity echoed long‑standing arguments from digital‑asset advocates.

His comments add a mainstream voice to debates over whether Bitcoin can serve as a hedge against inflation and central‑bank overreach.

Rees‑Mogg’s warning reminds readers that money’s strength goes beyond design. Day‑to‑day trust depends on how well the economy performs and how clearly central banks communicate.

Featured image from Bitpapa, chart from TradingView

The entire crypto market is on a down-drift after what seems to be a prolonged market correction, forcing Bitcoin down to $118,148 after a 0.40% slip over the past 24 hours.

While there are multiple proposed reasons for the current market shift, one of them seems to connect to FTX’s payment plan set to come into effect in September.

The now-defunct exchange will release another court-approved payment round of at least $1.9B through the same third-party entities: Kraken, Payoneer, and BitGo.

This marks the third big payout in 2025 as part of FTX’s efforts to repay their creditors and redistribute $14.5B in damages.

FTX’s upcoming payment could explain, at least in part, the current market shift by digging up the doubt and fear linked to the disgraced exchange, following Sam Bankman-Fried’s scam.

Bitcoin’s $86M Outflows Force the Market Sentiment Down

An even bigger factor for the current market sentiment seems to be Bitcoin’s $86M in outflows, with BlackRock ($IBIT) and Fidelity ($FBTC) bearing most of the burden, with $142.48M and $227.24M respectively.

Trader T is the bearer of bad news, keeping track of Bitcoin’s performance and highlighting the three consecutive days of consistent outflows.

The outflows aren’t bad on their own, but their impact on the market is. Entities like Fidelity, for instance, may be forced to liquidate their Bitcoin holdings to cover the withdrawals, which could increase the sell pressure, amplify price volatility, and push market sentiment even lower.

But what are the triggers behind this sudden market shift, given that FTX’s payment plan couldn’t account for it on its own?

Several factors may contribute to the current market shift:

• The economic uncertainty linked to the persistent inflation, geopolitical tensions, and the US Federal Reserve increasing interest rates
• Profit-taking behavior following the market’s recent rally, which saw Bitcoin pushing above $123K and triggering the sell mentality once it stabilized below $120K
• Portfolio rotation, as investors flee the stagnant Bitcoin to more promising altcoins
• Caution and uncertainty relating to the still-ambiguous legal framework for stablecoins, partially stemming from the SEC delaying several ETF approvals

However, while the market is on the back foot, it’s unlikely to backpedal for too long. The Fear and Greed Index is already telling half the story, with the community sentiment still borderline extremely greedy.

Trader Tardigrade seems to nourish similar sentiments, stating that, based on the market’s performance, crypto is set to become the largest asset in the world.

Another crypto analyst, Titan of Crypto, hints at a second Breakout coming, which would be the final hurdle before Altcoin Season 3.0.

With the market winding for a coming rally, some assets may experience higher gains than others, especially those with blockchain utility and massive long-term potential.

Snorter Token is one of them, introducing the Snorter Bot, the trading companion which snipes hot tokens milliseconds after liquidity appears.

How Snorter Token ($SNORT) Makes Coin Hunting Easy and Rewards

Snorter Token’s ($SNORT) Snorter Bot promises to become the most proficient coin hunter, thanks to its ease of use, integrated scam alerts, protecting against suspicious projects, and its appetite for hot and booming tokens.

The Aardvark sniper is the perfect solution to manual coin hunting, which demands high technical knowledge and subjects you to potential scams like honeypots and rug pulls.

The Bot operates in its Telegram chat-only, centralizing its activity in one place and rendering the need for multiple wallets, plug-ins, and browser extensions obsolete.

You only need to instruct the Bot accordingly and watch it claim its victims milliseconds after liquidity becomes available. This reaction time puts UIs like Raydium, Pump Fun, and Jupiter to shame.

Based on these facts, Snorter Token is set to become one of the best meme coins on the market, following successful implementation and witnessing widespread adoption.

The project is currently in presale, having accumulated over $2.3M with a token price of $0.0991.

Given Snorter Bot’s roadmap and efficiency, we expect the project to witness growing success post launch. In that context, $SNORT could easily push to $0.94 shortly after its public listing.

A 2030 price point of $3.25 or higher is also expected in a pro-crypto context and following mass adoption. Based on today’s price point of $0.0991, this translates into a 5-year ROI of 3,179%.

If you want to support the project and buy yourself some $SNORT, go to the presale page and place your order today.

Is the Crypto Market in Recession?

Despite the heavy Bitcoin outflows and the perceived market uncertainty, the bullish market sentiment seems to suggest that what we’re seeing is not recession, but rather market correction, following the recent generalized rally.

We expect Bitcoin to push again soon, once it clears the psychological threshold of $120K, at which point projects like Snorter Token ($SNORT) will also steam up.

Remember, this isn’t financial advice. Do your own research (DYOR) and invest wisely.

Get Early Alpha with Our Immediate Analysis of Today’s Best Meme Coins

Check out our Live Update Coverage on the Best Meme Coins for July 24, 2025!

With Bitcoin merrily skipping past the $123K ATH, meme coins stand on the precipice of a potential explosion. Given the massive upside potential and low entry prices, meme coins have become a magnet for traders looking for quick gains.

Given their sky-high market cap, meme coins have Lamborghini potential (think 7-10x in a day). High-risk, high-reward players naturally love them, and so should you.

This page gives you the inside edge—live updates on trending meme coins, alpha from crypto degens, and whispers from FOMO-driven trading circles. If you’re hunting for the next 10x or 100x gem, you’re in the right place.

We update this page frequently throughout the day, as we get the latest insider insights on the best meme coins, so keep refreshing!

Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you

Stay Ahead with Our Immediate Analysis of Today’s Best Crypto Presales

Check out our Live Update Coverage on the Best Crypto Presales for July 24, 2025!

As Bitcoin broke through a historical $123K level, crypto presales are ready to soar in the coming rally. These early-stage crypto projects are often significantly more profitable than established coins like Bitcoin.

We’ll give you live updates on the trending presales, whale activities, projected funding and development rounds, and critical alerts—everything you’ll need to get an edge.

We update this page frequently throughout the day, as we get the latest insider insights on the hottest presales, so keep refreshing!

Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you.

In an announcement made today, Bitcoin (BTC) mining firm MARA Holdings revealed plans to raise up to $850 million through a private offering of zero-coupon convertible notes due in 2032. A portion of the proceeds will be used to expand the company’s BTC holdings.

MARA Holdings Looks To Scale Bitcoin Reserves

Bitcoin continues to hit successive record highs, hitting a new all-time high of $123,218 on Binance on July 13. In response, corporate interest in the asset is accelerating.

Today, Nasdaq-listed MARA Holdings announced plans to raise $850 million. According to a filing with the US Securities and Exchange Commission (SEC), the private offering includes a $150 million upsell option, potentially bringing the total raise to $1 billion.

The offering targets qualified institutional investors, who will have the option to convert the notes into cash, MARA equity, or a combination of both. The notes will mature in August 2032.

Investors can also force MARA Holdings to repurchase the notes in 2030 if the company’s stock underperforms. Conversely, the company has the right to redeem the notes starting in January 2030, assuming its stock performs above a specified threshold.

Of the total amount raised, up to $50 million may be used to repurchase a portion of the company’s existing 1% convertible notes due in 2026 – improving MARA’s balance sheet. The remainder will go toward purchasing additional Bitcoin and supporting other “general corporate initiatives.”

Despite the announcement, MARA’s stock has declined 8.68% on the day, trading at $17.95 at the time of writing. Still, the stock is up over 7% on a year-to-date (YTD) basis.

According to data from CoinGecko, MARA Holdings currently holds 50,000 BTC in its treasury – worth approximately $5.9 billion – representing about 0.238% of the total Bitcoin supply. While still behind Strategy’s holdings, today’s news will help MARA further solidify its position as the second-largest publicly listed holder of Bitcoin.

Is BTC Heading Toward Supply Shock?

The recent surge in corporate adoption of digital assets – especially BTC – has rekindled speculations about a possible “supply shock” for the leading digital asset. Rapidly growing demand, coupled with declining supply may result in sharp price appreciation for BTC.

In a recent X post, Bitwise CIO Matt Hougan noted that since January 2024, Bitcoin exchange-traded products (ETPs) and corporate treasuries have collectively acquired 1.5 million BTC. During the same period, only 300,000 BTC have been newly mined – highlighting a widening demand-supply imbalance.

In a separate development, France-based Sequans Communications recently added 1,264 BTC to its balance sheet, bringing its total holdings to 2,317 BTC. At press time, Bitcoin is trading at $118,187, down 0.7% over the past 24 hours.

Cardano ($ADA) hasn’t looked this bullish since 2021.

After grinding sideways for what felt like an eternity, $ADA is suddenly back in the spotlight. It just reclaimed all its major weekly EMAs (50, 100, 200), tapped $0.92 for the first time in months, and closed out a +38.61% run over the past 30 days.

Open interest has exploded past $1.7B, and on-chain data shows whales quietly loading their bags.

Now, ChatGPT’s technical model is calling for a breakout that could send $ADA to $1.50–$2.00 by Q4. And if the rally holds, a return to its all-time high near $3 is no longer so far-fetched.

Key Levels and Technical Setups Backing the Bullish Case

$ADA is pressing into the apex of a 3-year descending triangle, forming a rare double-cup structure that often precedes macro breakouts.

ChatGPT says traders are watching the $0.93–$0.98 zone closely – historically a sticky resistance area and the final ceiling from the 2023 range.

If $ADA clears that, $1.00–$1.10 becomes the next psychological battleground. A clean weekly close above $0.93 would flip the long-term structure bullish and invite serious momentum.

At that point, you’re no longer front-running; you’re in confirmed breakout territory.

What’s Fueling the Fire?

ChatGPT indicates there’s meat behind the move. Whale wallets are quietly accumulating, and on-chain volume is picking up fast. CardanoKit’s Apple Pay integration has also added a shot of real-world relevance that $ADA hasn’t had in a while.

Throw in chatter that $ADA may be classified as a commodity under new U.S. rules, and suddenly, institutions have a clearer regulatory runway.

These headlines shift Cardano from a speculative side-bet to something legacy money can start to touch.

The Risks That Could Derail It All

$ADA’s been rejected at $0.93 before. Until that level’s convincingly broken, it’s all potential.

Add to that a surge in open interest, and there’s a real risk of leveraged longs getting wiped if momentum stalls.

Meanwhile, Bitcoin dominance is creeping higher again after the alts had their moment, which historically cools off alt rallies like $ADA’s.

Bottom line: Cardano has tailwinds, but it’s still tethered to the broader market. Without confirmation above $0.93 and a supportive macro backdrop, the bullish case is on thin ice.

While Big Caps Grind, Early-Stage Projects Could Outpace Them

Cardano’s structure is impressive, no doubt, but it’s also slow. Breakouts like this don’t play out overnight, and even a clean move to $2 or beyond could take months. That’s fine for long-term crypto holders, but let’s be honest: not everyone’s here to wait around.

In bull markets, early-stage projects often outpace the majors simply because they have more room to run and fewer bagholders to shake off. Investors are always on the lookout for the next 1000x crypto.

This is where $SUBBD enters the conversation – a fresh presale backed by AI, real utility, and serious social reach. While $ADA pushes through resistance, $SUBBD is already gaining momentum.

SUBBD ($SUBBD): The AI Creator Platform That’s Turning Heads in Presale Season

SUBBD ($SUBBD) isn’t your average presale – it’s the first AI-powered content subscription platform designed to give fans more than just a paywall.

You can generate AI content, tip creators instantly in crypto, and stake $SUBBD for 20% APY while unlocking exclusive perks.

On the creator side, $SUBBD automates the grind with AI tools that handle everything from scheduling to monetization, cutting out middlemen and boosting revenue.

With over 250 million followers across its platform and honey ambassadors, $SUBBD is already building serious buzz, raising over $870K so far. At $0.056 with no vesting, traders get full access from day one, plus staking rewards and early access to premium tools.

While $ADA grinds through structure, $SUBBD offers a more dynamic play: immediate utility, real AI integration, and upside that doesn’t need a macro breakout to move. That’s why some are rotating now, rather than waiting for confirmation candles.

You can learn how to buy SUBBD token ($SUBBD) in our guide.

Final Thoughts: Watch $0.93 – and Don’t Miss the Rotations

ChatGPT indicates Cardano’s next major test is clear: a decisive break above $0.93. If that level falls, it could set off a full-blown macro breakout toward $1.50–$2.00 by year-end, which would put $ADA back on every investor’s radar.

But while that plays out, smart money is already rotating into early-stage plays with faster upside potential. $SUBBD fits the bill with its rare mix of AI utility, creator economy tailwinds, and 20% APY staking during presale.

It’s a platform built for interaction, not just speculation. And that’s precisely the sort of thing that’s catching attention right now.

This is not financial advice – please always do your own research (DYOR). Crypto markets are volatile and speculative. Never invest more than you’re willing to lose.

 

On-chain data shows the altcoin volume saw an explosion following Bitcoin’s recent high and Binance accounted for the largest part of it.

Binance Altcoin Spot Trading Volume Saw A Significant Jump Recently

In a dashboard release, on-chain analytics firm CryptoQuant has talked about how spot trading volume in the cryptocurrency sector changed following BTC’s all-time high (ATH).

Spot trading volume here naturally refers to the total amount of a given asset or group of assets that’s becoming involved in trading activities on the centralized spot exchanges.

First, here is a chart that shows the trend in the metric for Bitcoin:

As displayed in the above graph, the Bitcoin spot trading volume observed a huge increase as the asset’s price set its ATH, indicating that traders ramped up their activity.

Volume grew proportionally between Binance and the rest of the exchanges during this uptick in activity, but a shift followed in the days after the ATH: volume dropped on the other exchanges while it held up relatively well on Binance. This meant that the dominance of the platform rose.

“Binance’s share of spot trading volume grew from 39% the previous day to the all-time high, to 48% the next day of the all-time high,” notes CryptoQuant. The platform’s dominance has remained strong since, though overall volume has declined on both it and the rest of the platforms.

While BTC spot trading volume may have cooled off, the other side of the cryptocurrency sector, made up of the altcoins, has thrived.

As is visible in the chart, the altcoin spot trading volume also jumped across Binance and the rest of the platforms when BTC set its ATH, but unlike the number one digital asset, the alts didn’t follow up with a notable decline in activity.

This trend has accompanied a divergence between the prices of BTC and the others. Assets like Ethereum (ETH), XRP (XRP), and Dogecoin (DOGE) have shot up, while Bitcoin has moved sideways.

Just like in the case of BTC, Binance witnessed its altcoin spot trading volume grow in the days after the price ATH. “Binance dominated Altcoin spot trading volumes the days after BTC reached its all-time high, with the exchange’s share standing as high as 49% on July 18,” says the analytics firm.

Bitcoin Price

Bitcoin has shown no signs of a move in either direction as its price is still trading around the $118,000 mark.

The Hong Kong Monetary Authority (HKMA) CEO advised against excessive speculation amid the growing interest in the stablecoins sector. The warning comes ahead of the enactment of key related legislation and the imminent issuance of licenses.

HKMA Concerned Over Stablecoins Hype

On Wednesday, Hong Kong Monetary Authority CEO Eddie Yue shared a blogpost on the regulator’s website reaffirming his stance on the ongoing “stablecoins craze,” suggesting that the market discussions should be “cooled down.”

In the blogpost, Yue asserted that stablecoins hold positive significance as an “emerging payment tool that is gradually integrating into the traditional financial system through regulation.”

As such, public interest in the sector, the expectations for their functions, and prospects are normal. However, he warned against excessive hype in the market and public opinion, noting a growing concern ahead of the enactment of the Stablecoins Ordinance on August 1.

In May, Hong Kong’s Legislative Council passed the highly anticipated Stablecoins Ordinance, requiring any individual or entity seeking to issue a fiat-referenced stablecoin (FRS) in Hong Kong, or any Hong Kong Dollar (HKD)-pegged token, to obtain a license from the HKMA.

Under the legislation, licensed entities will be allowed to offer FRS in the jurisdiction, while retail investors will be able to access the tokens issued only by these qualified institutions.

The HKMA CEO considers that there has been “excessive conceptualization” recently, explaining that the discourse surrounding the sector “often focuses on their disruptive potential for traditional finance,” but fails to offer a path for “translating these concepts and theories into practical applications and specific arrangements.”

Notably, dozens of institutions have reportedly reached out to the HKMA staff, with some explicitly expressing their intention to apply for a stablecoin license. Nonetheless, most of these companies are still in the conceptual phase, according to the post.

“Summarizing the experiences from these engagements, many remain at the conceptual stage, such as proposing visions to enhance cross-border payment efficiency, support Web3.0 development, and improve foreign exchange market efficiency, but lack concrete application scenarios. They cannot propose feasible specific plans or implementation strategies, let alone possess the awareness and capability to manage risks.”

Only A Few Licenses To Be Approved

Yue also raised concerns over a developing trend toward speculation as the market has become “overly enthusiastic” with the hype surrounding stablecoins. He noted that listed companies, whose core businesses are not related to stablecoins or crypto, have benefited from the ongoing speculation.

Some listed companies (…) have seen their stock prices surge and trading volumes increase simply by announcing their intention to explore stablecoin businesses, thereby significantly enhancing their corporate profiles.

However, the financial authority noted that it previously stated only a few licenses would be issued during the initial stage, which will lead many to “be disappointed.”

“Even if a license is obtained, given our desire for steady development and the initial resource investments required, there will be some uncertainty regarding the contribution to the company’s short-term profits,” the HKMA CEO detailed on Wednesday.

Yue also reiterated that from the date of the Ordinance’s implementation, any promotion of unlicensed stablecoins to the public in Hong Kong will be illegal.

The regulator expects to publish the updated requirements of the licensing guidelines by the end of July, which will include stricter Anti-Money Laundering (AML) requirements to minimize risks and ensure the orderly and healthy development of Hong Kong’s stablecoin market.

As reported by Bitcoinist, Hong Kong’s Financial Secretary, Paul Chan Mo-po, revealed last month that the HKMA had received several applications from entities seeking to become qualified issuers.

According to local reports, multiple companies applied for the HKMA license in June, including logistics technology firm Reitar Logtech and the overseas arm of Chinese mainland financial technology giant Ant Group.

The financial regulator is attempting to ensure balanced growth with regulation as the first step of its phased plan. Meanwhile, Chan said that the second step might involve stablecoins linked to other assets that are “integrated with the real economy,” explaining that they must have practical use cases, instead of “being speculative instruments.”

Ethereum’s recent price rally is being fueled by a significant structural shift in demand, according to a recent investor note from Bitwise Chief Investment Officer Matt Hougan.

Since May 15, a surge in buying activity from exchange-traded funds (ETFs) and corporations has resulted in the acquisition of nearly 2.83 million ETH, valued at over $10 billion.

This purchasing activity has outpaced new ETH issuance by a factor of 32, contributing to a supply-demand imbalance that analysts say could persist. Hougan explained that Ethereum’s price has climbed more than 65% in the past month and 160% since April.

While market sentiment plays a role in crypto asset movements, the Bitwise executive attributes this surge primarily to fundamentals, particularly the gap between how much ETH is being bought and how much is being created on-chain. In his view, the current dynamic mirrors what occurred with Bitcoin after the launch of spot BTC ETFs in early 2024.

ETFs and Corporations Drive ETH Accumulation

The trend reversal for Ethereum became evident in mid-May, when inflows into spot Ethereum ETFs gained momentum. According to Hougan, these investment vehicles have pulled in over $5 billion since then. Meanwhile, corporate entities have begun positioning ETH as a strategic asset within their treasuries.

Companies like Bitmine Immersion Technologies (BMNR), SharpLink Gaming (SBET), Bit Digital (BTBT), and The Ether Machine (DYNX) have all announced large ETH holdings or purchasing plans, with Bitmine alone targeting 5% of total ETH supply.

SharpLink Gaming, for instance, has acquired more than 280,000 ETH, while Bitmine has amassed over 300,000 ETH. Bit Digital sold its Bitcoin reserves to acquire more than 100,000 ETH, signaling a shift in institutional preferences toward Ethereum.

These companies are not only making sizable acquisitions but also publicly outlining long-term ETH strategies, indicating a structural commitment to the asset.

Outlook Suggests Continued Demand Momentum

The upward trajectory in demand appears likely to continue. Hougan notes that although ETH’s market capitalization is about 20% of Bitcoin’s, ETH ETFs still account for less than 12% of the assets under management held in Bitcoin ETFs.

Bitwise expects that gap to narrow as stablecoin growth and tokenization trends, both primarily supported by Ethereum, attract further capital inflows.

Additionally, Hougan highlights the growing appeal of ETH treasury companies, whose stock valuations are currently trading at premiums to the value of their underlying ETH holdings. This market condition incentivizes further ETH accumulation by public firms, especially if the premiums remain.

He projects that these entities could collectively purchase another $20 billion in ETH over the next year, which, given Ethereum’s estimated supply issuance of 800,000 ETH in that time, could represent nearly seven times more demand than new supply.

Though Ethereum does not share Bitcoin’s hard cap, Hougan emphasizes that short-term price action is largely dictated by supply and demand mechanics. Given the current imbalance, he believes the upward price movement could continue.

Whether or not this trend sustains over the long term, Ethereum’s near-term price action seems increasingly influenced by institutional behavior and treasury adoption strategies.

Featured image created with DALL-E, Chart from TradingView

South Korea’s financial watchdog is urging fund managers to scale back on how much crypto-related stock they pack into exchange-traded funds (ETFs).

The Financial Supervisory Service (FSS) has reportedly issued verbal guidance advising firms not to go overboard with investments in companies like Coinbase and Strategy (formerly MicroStrategy).

The FSS pointed out that the 2017 guidance on virtual currencies remains active and should still be followed. That older directive bars financial institutions from buying, holding, or using digital assets as collateral.

Despite growing interest in crypto and signs of lighter regulation in both the US and South Korea, officials say nothing new has been put into law yet. So for now, old rules still apply.

ETF Exposure To Crypto Stocks Draws Scrutiny

One big reason for the warning seems to be the rising number of ETFs that now hold large amounts of crypto-linked stocks.

According to reports, many of these ETFs list digital asset companies as a key part of their portfolio—sometimes making up more than 10% of the total.

For example, the ACE US Stock Bestseller ETF, managed by Korea Investment Trust Management, has a 15% allocation in Coinbase alone.

Another fund, the KoACT US Nasdaq Growth Company Active ETF, holds 7% of Coinbase and 6% of Strategy, totaling 13% in crypto-related stocks.

These funds are mostly passive ETFs, which are designed to mirror a set index. That makes it hard to manually remove specific stocks without causing problems for investors who expect the fund to stick to its structure.

Market Pushback And Practical Challenges

Some in the industry aren’t happy about the timing or practicality of the FSS guidance. One official with knowledge of the ETF space said that removing specific stocks from index-based ETFs without altering the whole index could cause what’s known as a “gap rate” to spike, leading to tracking errors.

Another concern is fairness. Critics say it doesn’t make sense to limit only local ETFs when South Korean investors can easily access US-based ETFs that hold the same crypto stocks. In that case, the money just flows around the restriction instead of through it.

“There’s already a lot of indirect investment happening through US ETFs,” one source said. “Putting restrictions only on Korean ETFs won’t really stop the trend.”

Old Rules, New Problems

South Korea has been cautious about corporate involvement in crypto since 2017, when officials moved to shut down company-level trading in response to a spike in speculative activity.

Back then, the fear was mainly about money laundering and price manipulation. But nearly seven years later, the crypto world has changed dramatically—even if the rules haven’t.

Featured image from Unsplash, chart from TradingView

The growing intersection between traditional finance and digital asset infrastructure has taken another step forward, as Goldman Sachs and BNY Mellon announced a joint initiative aimed at integrating blockchain technology into the money market fund (MMF) ecosystem.

The collaboration will see BNY Mellon leverage Goldman Sachs’ GS DAP® (also known as its private blockchain) to maintain a mirrored tokenized record of customer ownership in select MMFs. This marks the first instance in the United States where mirrored tokenization will be used to reflect ownership in MMFs through a blockchain-based ledger.

The rollout includes major asset managers such as BlackRock, BNY Mellon Investment Management’s Dreyfus, Federated Hermes, Fidelity Investments, and Goldman Sachs Asset Management.

Investors will now be able to subscribe to and redeem MMF shares using BNY’s Liquidity management platform, which has been integrated with its digital assets platform to connect with the private blockchain.

The mirror tokens created on the Goldman Sachs’ private blockchain platform do not replace official records but serve as a complementary layer that increases the accessibility and potential use cases of MMF shares in a digitized financial ecosystem.

Blockchain Integration to Expand MMF Utility

The mirrored tokenization of MMF shares using blockchain represents a new model for fund management infrastructure. Although the underlying assets remain managed through traditional custodial and compliance channels, the blockchain layer enhances interoperability and real-time transferability.

Goldman Sachs’ GS DAP®, is built on smart contract technology from the startup Digital Asset and offers programmable finance functionality for institutions.

BNY Mellon’s LiquidityDirectSM platform is also one of the leading portals for institutional cash investors, and the integration of the private blockchain opens the door to extending MMF shares into use cases like collateral optimization and intraday liquidity management.

According to Laide Majiyagbe, BNY Mellon’s Global Head of Liquidity, Financing and Collateral, “Mirrored tokenization of MMF shares is a first step in this transition,” noting the company’s position as a link between established financial systems and new technology.

GS DAP® was previously piloted for bond issuance on blockchain networks in Asia and Europe. Its adaptation for MMF share representation in the US signals a broader vision for tokenizing real-world assets beyond equities and debt, potentially reshaping capital markets infrastructure.

This particular use case focuses on liquidity and settlement efficiency in short-term investment vehicles, valued at over $7 trillion globally, according to ICI data.

A Step Toward Collateral Utility and Global Scalability

Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, emphasized the potential benefits of using tokenized MMF shares as collateral in various trading and settlement contexts.

“Using tokens representing the value of shares of Money Market Funds on GS DAP® would enable us to unlock their utility as a form of collateral and open up more seamless transferability in the future,” he said in a statement.

BNY Mellon will continue to serve as the official recordkeeper, maintaining existing regulatory compliance and settlement protocols. However, the addition of tokenized mirrors creates new flexibility for financial institutions seeking to modernize collateral management and liquidity strategies.

While this initiative currently focuses on US MMFs, both institutions signaled interest in expanding the model globally, potentially applying similar technology to other fund structures and asset classes.

Featured image created with DALL-E, Chart from TradingView

The US Securities and Exchange Commission (SEC) on 22 July granted accelerated approval for NYSE Arca to list the Bitwise 10 Crypto Index ETF, a multi-asset product whose underlying portfolio includes XRP, Solana, Cardano and seven other digital assets alongside Bitcoin and Ether. The order, published as Release No. 34-103531, concluded that the proposal was “consistent with Section 6(b)(5) of the Exchange Act” because it is designed “to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, [and] to protect investors and the public interest.

Another Spot XRP ETF On Hold

Bitwise’s trust already trades over the counter under the symbol BITW, but the conversion to an exchange-traded fund would have moved the vehicle onto a national exchange for the first time. The SEC’s order records the fund’s most recent asset mix: 78.72 percent Bitcoin, 11.10 percent Ether and 4.97 percent XRP, with the remaining allocation spread across Solana, Cardano, Sui, Chainlink, Avalanche, Litecoin and Polkadot. Although the weightings are subject to monthly rebalancing, the Commission required that at least 85 percent of the portfolio remain in assets that already underpin other SEC-approved exchange-traded products, effectively capping the combined share of smaller altcoins at 15 percent.

Almost immediately after the Division of Trading & Markets issued its delegated approval, the Commission’s Office of the Secretary intervened. In a brief letter citing Rule 431 of the SEC’s Rules of Practice, Assistant Secretary Sherry R. Haywood notified NYSE Arca that “the Commission will review the delegated action” and that, “in accordance with Rule 431(e), the July 22 order is stayed until the Commission orders otherwise. The stay freezes the conversion process and leaves BITW in its current OTC-traded form.

The procedural whiplash drew immediate reactions from ETF specialists on X. Bloomberg analyst James Seyffart wrote, “We have approval of the Bitwise 10 Index fund — BITW — but just like Grayscale’s GDLC earlier this month, Bitwise has been stayed by either one or multiple commissioners. Meaning they cannot actually convert it into an ETF … yet.” Fellow analyst Nate Geraci called the episode a “bizarre situation,” arguing that both Bitwise and Grayscale “should be allowed to convert/uplist asap.”

The stay mechanism mirrors the Commission’s treatment of Grayscale’s Digital Large Cap ETF earlier in July, underscoring internal divisions over how quickly to expand US crypto-ETF offerings beyond single-asset products. Because Rule 431 reviews are discretionary and open-ended, there is no statutory deadline for the Commission to lift the pause or issue a final ruling. Historically, reviews can take anywhere from a few weeks to several months; during that window the approval order carries no legal effect.

Related Reading: Analyst Warns XRP Investors About Banks, Here’s Why

Market participants are fixated on two questions. First, whether the inclusion of XRP — long a flash point in the SEC’s crypto enforcement agenda — influenced one or more commissioners to seek additional scrutiny. Second, whether the Commission will use the review to impose new conditions on multi-asset crypto ETFs, such as stricter custody, pricing or surveillance standards.

While the stay has no immediate impact on BITW shareholders, Bitwise has argued that an NYSE-listed ETF would tighten spreads, eliminate premium-discount dislocations and broaden distribution through brokerage platforms that refuse to handle OTC products. In its submission the company also contended that regulated exchange trading “will enhance transparency and investor protection” by subjecting the shares to the consolidated tape and the Exchange Act’s reporting framework.

For now, the fund’s fate rests with a Commission that is visibly wrestling with the speed at which to open the US market to diversified crypto exposure. Until the review concludes, investors eager for a regulated vehicle that bundles Bitcoin, Ether, XRP and other large-cap altcoins will have to wait — or continue relying on OTC trusts that lack the structural safeguards of an ETF.

At press time, XRP traded at $3.349.

World Liberty Financial, a crypto venture linked to US President Donald Trump, has made another big move into Ethereum. The group converted $13 million worth of USDC into 3,473 ETH, adding to its already large stash of the second-largest cryptocurrency by market cap.

The move pushes the platform’s total Ethereum holdings to 73,616 ETH—worth about $275 million based on current prices. This latest transaction continues a buying trend that’s gained attention over the past few months.

Aggressive Buying Pushes Unrealized Profits Over $33 Million

Data from Lookonchain shows that World Liberty Financial is sitting on an unrealized profit of more than $33 million. The project’s average entry price for Ethereum sits around $3,272. With ETH trading higher now, the bet appears to be paying off.

Trump’s World Liberty(@worldlibertyfi) just spent 13M $USDC to buy 3,473 $ETH at $3,743 again!

World Liberty has bought a total of 73,616 $ETH($275M) at an average price of $3,272, with an unrealized profit of $33M+.https://t.co/0qWkRUhTQb pic.twitter.com/WG1zpl3PJC

— Lookonchain (@lookonchain) July 23, 2025

Last week, World Liberty also picked up over 3,000 ETH for $10 million. In May, they added another 1,580 ETH at a cost of $3.5 million. These steady acquisitions show a clear strategy: accumulate ETH and hold while prices climb.

On the market side, Ethereum has responded with more green candles. The token rose 2% in the last 24 hours, hitting a daily high of $3,763. Over the past week, ETH is up 20%. Over the last month, it’s gained 65%.

Whales Shift Their Appetite To Ethereum

World Liberty Financial is not alone in taking a deep plunge into Ethereum. SharpLink and Bitmine have also boosted their ETH positions. And BlackRock, the world’s largest asset manager, is said to be developing increasing interest in Ethereum, after establishing a strong presence in the Bitcoin arena.

The momentum has also fueled the emergence of Ether Machine, a $1.6 billion Ethereum-specific effort. That effort is backed by the likes of Pantera Capital, Archetype, Kraken, Blockchain.com, and Electric Capital.

All these moves set the scenario for Ethereum to be a leading option among the major players, not merely independent traders. The surging interest is driving ETH into the mainstream limelight.

Old Wallets Wake Up As Price Climbs

While new investors are buying in, older Ethereum holders are also stirring. Some dormant wallets recently moved vast amounts of the altcoin.

This type of movement is bound to attract notice. It’s not the money—it’s when. And with so many of the major players stepping in, even long-quiet holders may find this the time to do something.

Ethereum isn’t merely riding a wave of price activity. Institutions, funds, and political parties are stockpiling it, quietly transforming it into something bigger than another crypto token.

Featured image from Pexels, chart from TradingView

Bitcoin (BTC) may be on the edge of a significant market move, as a crypto analyst warns that failure to reach an all-time high in the coming weeks could trigger a sharp correction. While long-term bullish sentiment remains strong, the immediate outlook hinges on whether BTC can maintain an upward momentum and avoid a damaging setback that could derail or further stall its current rally. 

Bitcoin Faces 50% Crash Threat

A prominent crypto analyst, Tony Severino, has issued a stark warning to Bitcoin investors on X social media. He cautions that a failure to break a new all-time high soon could spark a massive price crash—potentially wiping out over 50% of BTC’s current value. 

In his shared Elliott Wave chart analysis, Severino highlights Bitcoin’s current position within what appears to be an intermediate Wave 4 Expanded Flat correction. According to the structure, Bitcoin may be nearing the end of wave B, which typically precedes a steep drop in wave C. 

Severino’s analysis draws parallels between BTC’s current price behavior and the 2021-2022 expanded flat correction that defined Primary Wave 4. At the time, Bitcoin peaked in wave B before cascading into wave C, resulting in a brutal bear market. 

A similar pattern appears to be developing in BTC’s current chart structure. The chart highlights that the recent surge in the cryptocurrency’s price could be forming a deceptive wave B peak, which may soon reverse into a wave C crash targeting the $60,000 region or lower. A decline to this level would represent a 50% drawdown from current levels, near $118,000.

Notably, Severino’s warning does not stem from a bearish conviction but rather from cautious optimism. While he maintains a strong bullish long-term outlook and believes Bitcoin still has a final Wave 5 rally ahead, the analyst emphasizes the need for BTC to break out into a new ATH soon to invalidate the expanded flat scenario.

Should the market fail to deliver this upside move, the corrective structure could dominate and significantly delay the next upward impulse leg. A potential crash could also severely disrupt the long-anticipated altcoin season, stalling momentum across the broader crypto market.

Analyst Sets Bitcoin’s Next ATH Target

Bitcoin has ignited fresh optimism over the past week following its latest price surge above $123,000. Despite pulling back to its current price above $118,000, a market expert identified as ‘The Crypto Professor’ on X predicts that the flagship cryptocurrency is gearing up for a fresh all-time high. 

The Crypto Professor has set Bitcoin’s next ATH target at $129,948, coinciding with the 1.618 Fibonacci Extension level. With BTC now trading at $118,612, this would represent a solid 9.6% price gain. Notably, the analyst’s chart shows previous consolidation zones around the $110,000 and $100,000 region, matching the Fibonacci Retracement levels of 1 and 0.786. These levels now serve as potential support zones in the event of a retest.