Here’s a lowdown of the biggest events in the crypto world last week:
Bitcoin Nears $109K After Whale Splash 🐳
Bitcoin (BTC) went inches close to $109K yesterday (Sunday) after steadily maintaining $108K for a while. The major boost for BTC? Some whales re-entered the market in a dramatic fashion and casually reactivated $15 billion worth of BTC. No big deal, right? 🐳
While the market had mixed feelings (Panic? Excitement? FOMO?), there’s still no solid sign they’re dumping, but we’re keeping up with these mystery bosses 🕵️♂️.
Meanwhile, over in the US, politicians are gearing up for “Crypto Week” starting July 14 to debate a new crypto market structure bill 🇺🇲. So, now that everyone is talking about Bitcoin, the real question is, how high can it go? Drop your wildest predictions right here.
SEC Says Yes. Altcoins Say “Let’s Go 🚀!”
Altcoin traders were holding their breath last week, and the SEC finally delivered some good news 🎉. The Commission approved Grayscale’s multi-crypto ETF (Exchange-traded fund), featuring big names like BTC, Ethereum (ETH), Solana (SOL), Ripple’s XRP, and Cardano (ADA) 🧠.
Though it’s not trading just yet, the green light alone was enough to light a fire under the altcoin market. Since the announcement, ETH, ADA, and XRP have each climbed over 4%. If the charts are right, the party might just be getting started. More ETFs, more hype, and maybe more gains? We’ll be watching 👀.
Disclaimer: This content may cause extreme FOMO (Fear of Missing Out). Side effects of investing include sudden wealth (or, you know, the opposite 😢).
Please do your own research (DYOR) or speak to your financial advisor before making any decisions.
