Cryptocurrency markets are surging on Friday, with Bitcoin&#8217;s run clearing the way for an altcoin rally.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$117,539.23</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$2,991.09</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$164.03</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.81</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2121</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001376</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>IntoTheBlock data shows large transaction volume increasing by 50.5% and daily active addresses growing by 9.1%. Transactions greater than $100,000 are up from 11,403 to 14,533 in a single day. Exchanges netflows are up by 373.6%.</li>



<li>Coinglass data reports 273,588 traders were liquidated in the past 24 hours for $1.26 billion.</li>



<li>The top gainers in the past 24 hours include MemeCore (CRYPTO: M), Story (CRYPTO: IP) and Stellar (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xlm/usd">XLM</a>).</li>
</ul>



Notable Developments:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46368946/bitcoin-hits-dollar-all-time-high-but-trails-in-euro-swiss-franc-dollar-whats-driving-the-divergence">Bitcoin Hits Dollar All-Time High, But Trails In Euro, Swiss Franc: Dollar What&#8217;s Driving The Divergence?</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46373699/bitcoins-all-time-high-break-means-volatility-could-soon-return-report">Bitcoin&#8217;s All-Time High Break Means Volatility Could Soon Return: Report</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46364023/tom-lee-ethereum-not-solana-is-the-preferred-choice-for-jp-morgan-robinhood-circle-to-build-on">Tom Lee: Ethereum, Not Solana, Is The &#8216;Preferred Choice&#8217; For JP Morgan, Robinhood, Circle To Build On</a></li>



<li><a href="https://www.benzinga.com/crypto/25/07/46359750/gamestop-themed-crypto-surges-nearly-40-as-bitcoin-highs-fuel-frenzy">GameStop-Themed Crypto Surges Nearly 40% As Bitcoin Highs Fuel Frenzy</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46361659/bit-origin-shares-surge-75-pre-market-as-bitcoin-rallies-past-118000">Bit Origin Shares Surge 75% Pre-Market As Bitcoin Rallies Past $118,000</a></li>
</ul>



Trader Notes: Carl Moon noted that a large liquidity pool remains around $111,000, which could serve as a short-term magnet.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Massive liquidity left around $111K for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>. Will <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> hit $120K before the weekend?&#x1f447; <a href="https://t.co/oEO8DBKhJk">pic.twitter.com/oEO8DBKhJk</a>&mdash; Carl Moon (@TheMoonCarl) <a href="https://twitter.com/TheMoonCarl/status/1943679022308741583?ref_src=twsrc%5Etfw">July 11, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Crypto Jelle used the "Power of Three" setup to forecast a broader target of $140,000, noting that BTC is now clearly trending upward.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Took some time, but <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is now firmly on its way to target. Power of Three, target: $140,000. <a href="https://t.co/UJPhaoG9yY">https://t.co/UJPhaoG9yY</a> <a href="https://t.co/NceNpZdgjF">pic.twitter.com/NceNpZdgjF</a>&mdash; Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1943669536554713176?ref_src=twsrc%5Etfw">July 11, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Titan of Crypto <a href="https://x.com/Washigorira/status/1943688689483383241">pointed</a> out that Bitcoin has never ended a bull cycle without breaking above the Power Law Corridor, which currently sits at $118,500, a potential breakout trigger if history rhymes.



The Cryptomist <a href="https://x.com/Thecryptomist/status/1943734715019591858">added</a> that BTC is forming a falling wedge on lower timeframes, a classic bullish reversal pattern. A breakout from this could target $123,000–$125,000 before a consolidation phase.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46375063/bitcoin-holds-at-117000-will-the-cycle-follow-its-classic-4-year-pattern">Bitcoin Holds At $117,000: Will The Cycle Follow Its Classic 4-Year Pattern?</a></li>
</ul>



Image: Shutterstock

Bitcoin, Ethereum, XRP, Dogecoin Extend Rally As BTC Eyes $120,000

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), the original memecoin, is surging Friday afternoon, capturing significant gains as a wave of speculative enthusiasm washes over the crypto market for the session.



What To Know: Friday&#8217;s jump comes in <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46363070/bitcoin-sets-all-time-high-at-118909-ethereum-xrp-surge-8-each">direct sympathy</a> with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), which rocketed to a new all-time high of over $118,000. The surge by the world&#8217;s leading cryptocurrency is creating a powerful ripple effect, reigniting interest in high-beta assets like Dogecoin.



Bitcoin&#8217;s record-breaking climb is largely attributed to sustained institutional buying, particularly through U.S.-listed spot Bitcoin ETFs, which have seen billions in net inflows. This strong institutional interest signals <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46317095/bitcoin-miners-rake-in-55k-daily-despite-heat-driven-hashrate-dip-heres-their-secret">growing confidence</a> in the cryptocurrency sector, creating a risk-on environment that benefits more speculative assets.



Historically, when Bitcoin breaks new ground, a <a href="https://www.benzinga.com/markets/equities/25/07/46359853/mara-stock-spikes-in-after-hours-trading-as-bitcoin-hits-new-all-time-high">wave of optimism</a> and retail investor interest tends to flow into the altcoin market. Dogecoin, with its massive brand recognition and strong community, often becomes a primary beneficiary of this trend. Investors, buoyed by Bitcoin&#8217;s performance, frequently look to memecoins for high-risk, high-reward opportunities.



Read Also: <a href="https://www.benzinga.com/etfs/sector-etfs/25/07/46372447/the-bitcoin-etf-boom-is-here-but-is-it-built-to-last">The Bitcoin ETF Boom Is Here — But Is It Built To Last?</a>



This phenomenon of market-wide euphoria, led by Bitcoin, is a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46363070/bitcoin-sets-all-time-high-at-118909-ethereum-xrp-surge-8-each">primary driver</a> of Dogecoin&#8217;s sharp price increase Friday afternoon, as a rising tide in the crypto market often lifts top altcoins.



What Else: Dogecoin is a decentralized, open-source cryptocurrency that <a href="https://www.benzinga.com/money/dogecoin-doge-price-prediction">originated</a> as a lighthearted joke in 2013. Created by software engineers Billy Markus and Jackson Palmer, the digital coin features the face of the &#8220;Doge&#8221; meme&#8217;s Shiba Inu dog as its logo. 



Despite its satirical beginnings, Dogecoin quickly developed a vibrant and active community, gaining traction as a currency for tipping online content creators and for small, fast transactions. Technically, it is based on the same underlying proof-of-work technology as Litecoin. 



Unlike Bitcoin, which has a finite supply, Dogecoin is inflationary, with a large and uncapped circulating supply, a feature intended to encourage its use as a currency rather than a store of value. Over the years, it has become one of the most well-known cryptocurrencies, often driven by social media trends and endorsements from high-profile personalities.



Price Action: According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, Dogecoin is trading higher by 5.7% to $0.2090 Friday afternoon.



Read Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46364862/bitcoin-ethereum-xrp-dogecoin-go-parabolic-as-money-making-season-gains-steam">Bitcoin, Ethereum, XRP, Dogecoin Go Parabolic As &#8216;Money-Making Season&#8217; Gains Steam</a>

Dogecoin (DOGE) Soars As Bitcoin Rally Ignites Memecoin Frenzy

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is consolidating just below its all-time highs near $117,000, and traders are now asking the big question: will this bull run follow the traditional 4-year cycle or <a href="https://www.benzinga.com/money/bitcoin-price-prediction">break the mould</a>?



What Happened: In a recent deep-dive, Crypto Amsterdam <a href="https://x.com/damskotrades/status/1943620080211783855">broke</a> down how to think about cycle tops and profit-taking without trying to "perfectly time" the market. 



Rather than obsessing over nailing the absolute peak, the trader recommends a structured exit strategy based on cycle trends, price discovery, and broader market dynamics.



Key insights from the trader's strategy:



<ul class="wp-block-list">
<li>Classic 4-year cycle logic still applies: from bottoming out to explosive upside, followed by a late-stage altcoin rally and falling Bitcoin dominance.</li>



<li>But the chance of a "super cycle", driven by institutional adoption and macro shifts, makes sitting entirely in fiat risky.</li>



<li>A balanced approach: accumulate early, scale out gradually as BTC and alts reach upper bands.</li>



<li>Exit planning should be tied to chart levels, BTC dominance, and sector rotations to avoid emotional roundtrips and secure long-term gains.</li>
</ul>



Also Read: <a href="https://www.benzinga.com/etfs/sector-etfs/25/07/46372447/the-bitcoin-etf-boom-is-here-but-is-it-built-to-last">The Bitcoin ETF Boom Is Here — But Is It Built To Last?</a>



Why It Matters: While prices have surged, on-chain signals <a href="https://x.com/santimentfeed/status/1943379116541063204">suggest</a> this rally may be more resilient than previous cycles. 



Santiment data shows a continued drop in BTC on exchanges, a trend that typically limits the risk of sudden, panic-driven corrections. 



Over the last four months, 315,830 BTC, a 21% drop, has moved into self-custody. 



Since July 2020, that number stands at a staggering 1.88 million BTC (61%).



This mass exodus from exchanges suggests that long-term holders are showing strong conviction, opting to hold through volatility rather than take profits too early leading to panic-driven sell-offs.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46368946/bitcoin-hits-dollar-all-time-high-but-trails-in-euro-swiss-franc-dollar-whats-driving-the-divergence">Bitcoin Hits Dollar All-Time High, But Trails In Euro, Swiss Franc: Dollar What&#8217;s Driving The Divergence?</a></li>
</ul>



Image: Shutterstock

Bitcoin Holds At $117,000: Will The Cycle Follow Its Classic 4-Year Pattern?

With Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) trading in price discovery and institutional capital pouring into crypto markets, the long-anticipated "<a href="https://www.benzinga.com/crypto/25/07/46267392/bitcoin-ethereum-dogecoin-gain-as-trump-tariffs-deadline-delayed-massive-altcoin-season-in-the-works-says-this-analyst">altseason</a>" may finally be underway.



But industry insiders say the biggest gains may not come from Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) or XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>): instead, it's lesser-known tokens like Alpaca Network's PACA or Telegram-linked (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TON</a>) that could emerge as breakout performers.



"We&#8217;re in the early stages of what will likely be one of the most historic altseasons we've ever seen," said Michael Gord, CEO of GDA Capital. "Liquidity is re-entering the system… capital is already rotating into ETH and high-beta Layer 1s."



Among those Layer 1s, Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) is gaining momentum as both experts highlighted it as the fastest horse for the next six months. 



"Solana is moving with the agility of a Web2 product and the scalability of a next-gen chain," Gord noted, citing its rapid ecosystem growth across NFTs, DeFi, and gaming.



Thomas Kralow, chairman of Evedex, echoed that view, adding, "If meme coins and NFT volume resurge, SOL could outpace ETH short-term… its ecosystem's retail-driven momentum often outperforms in altseasons."



Still, the real opportunities may lie in less obvious names.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46368946/bitcoin-hits-dollar-all-time-high-but-trails-in-euro-swiss-franc-dollar-whats-driving-the-divergence">Bitcoin Hits Dollar All-Time High, But Trails In Euro, Swiss Franc: Dollar What&#8217;s Driving The Divergence?</a>



Gord named Alpaca Network's PACA as one of the most promising plays in the decentralized AI infrastructure space.



"Through the launch of Modelz.ai, they're tokenizing AI models themselves… transforming AI into a liquid, composable asset class," he said.



He also pointed to Flashy Finance, which combines gaming, social, and DeFi functions, a new category he calls CultureFi. 



"The next wave is about culture as capital," Gord emphasized.



Meanwhile, Kralow suggested The Open Network, backed by Telegram's massive user base, could quietly climb the ranks. 



"It's gaining traction in payments and bots… developer activity is rising," he said. He also mentioned high-performance chains like SEI (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SEI</a>) and SUI (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SUI</a>), which are building strong DeFi and NFT foundations.



Not everyone agrees on the winners, but there's more consensus on who could disappoint.



"ETH might underwhelm relative to expectations," said Gord, pointing to scalability bottlenecks and rising competition. Kralow added that XRP could struggle if legal clarity fails to translate into ecosystem growth.



As for what defines this altseason? Gord said: "This bull run and altseason is going to be the cultural onboarding of Web3 into the global financial narrative."



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46364023/tom-lee-ethereum-not-solana-is-the-preferred-choice-for-jp-morgan-robinhood-circle-to-build-on">Tom Lee: Ethereum, Not Solana, Is The &#8216;Preferred Choice&#8217; For JP Morgan, Robinhood, Circle To Build On</a></li>
</ul>



Image: Shutterstock

Ethereum? XRP? Solana? No, You'll Find Exponential Altseason Returns In Lesser-Known Coins, Experts Say

Signing Day Sports, Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) shares moved higher Friday after the company revealed that BlockchAIn Digital Infrastructure Inc., a newly formed entity, has confidentially submitted a draft registration statement (Form S-4) with the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/07/g46362663/signing-day-sports-advances-business-combination-with-one-blockchain-llc-confidential-draft-regist" rel="noreferrer noopener">U.S. Securities and Exchange Commission</a>.



The move is part of an ongoing business combination agreement signed earlier this year between Signing Day Sports and BlockchAIn's operating affiliate, One Blockchain LLC.



The transaction, first <a href="https://www.benzinga.com/pressreleases/25/04/g44784764/signing-day-sports-signs-non-binding-letter-of-intent-to-acquire-all-equity-of-blockchain-digital-" target="_blank" rel="noreferrer noopener">announced </a>in April 2025 and <a href="https://www.benzinga.com/pressreleases/25/05/g45642424/signing-day-sports-progresses-transaction-and-executes-definitive-agreement-with-blockchain-digita" target="_blank" rel="noreferrer noopener">formalized </a>in May, aims to bring both companies under a holding structure, with the combined entity — known as PubCo — expected to list its common shares on the NYSE American.



Also Read: <a target="_blank" href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46368946/bitcoin-hits-dollar-all-time-high-but-trails-in-euro-swiss-franc-dollar-whats-driving-the-divergence" rel="noreferrer noopener">Bitcoin Hits Dollar All-Time High, But Trails In Euro, Swiss Franc: Dollar What&#8217;s Driving The Divergence?</a>



Under the deal, Signing Day Sports will become a subsidiary of BlockchAIn Digital Infrastructure alongside One Blockchain.



The latter will continue to operate under the leadership of CEO Jerry Tang, focusing on crypto mining and high-performance computing.



In 2024, BlockchAIn DI generated $26.8 million in revenue and $5.7 million in net income, setting the stage for aggressive expansion.



BlockchAIn DI operates a 40MW crypto hosting site in South Carolina, with plans to expand to 50MW and begin in-house mining by early 2026. A separate 150MW modular data center in Texas, designed for both crypto and AI-related HPC workloads, is also underway.



The first 100MW will support internal mining, while the remaining 50MW will serve external hosting needs.



The $215 million transaction involves no cash payment from Signing Day Sports. Instead, One Blockchain securityholders will own approximately 91.5% of the combined entity, while Signing Day Sports shareholders will retain about 8.5%.



An earnout clause provides for additional shares if PubCo hits $25 million in EBITDA in 2026.



SGN Price Action: Signing Day Sports shares are trading higher by 98.37% to $2.44 at publication Friday.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46369817/goldman-sachs-top-ai-chip-stocks-2025-nvidia-broadcom" target="_blank" rel="noreferrer noopener">Goldman Sachs: 4 Must-Buy Chip Stocks, And A Few You Should Forget</a></li>
</ul>



Photo: Shutterstock

Why Signing Day Sports Stock Is Soaring Today

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) price has remained locked in a narrow trading band for weeks before its <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46363070/bitcoin-sets-all-time-high-at-118909-ethereum-xrp-surge-8-each">all-time high breakout</a>, but on-chain and market data point to growing pressure that could soon unleash sharp volatility.



<a href="https://insights.glassnode.com/the-week-onchain-week-27-2025/">According</a> to blockchain analytics firm Glassnode, the market was coiling in a historically tight range amid strong investor accumulation and record ETF ownership, conditions that often precede large directional moves.



Across a range of timeframes, realized and implied volatility in Bitcoin markets has dropped near historical lows. 



Just 6% of trading days since late 2022 have recorded a tighter 30-day price range than current levels. 



On a 60-day basis, the figure drops to just 0.4%.



Options markets show a similar picture: implied volatility is also near the lowest levels recorded in over two years, suggesting traders are not yet pricing in a major move, often a contrarian indicator.



While price has stagnated, underlying demand has remained robust. 



Bitcoin wallets holding less than 100 BTC, categorized as "shrimp," "crab," and "fish" cohorts, are accumulating coins at a rate of 19,300 BTC per month, far exceeding the current mining issuance of 13,400 BTC per month.



Long-term holders (LTHs) are also adding to their stacks, with their net accumulation outpacing new supply. 



"These tenured investors appear unwilling to distribute their coins at the current spot price, and require a meaningful market move before the next wave of action unfolds," the report said.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46368946/bitcoin-hits-dollar-all-time-high-but-trails-in-euro-swiss-franc-dollar-whats-driving-the-divergence">Bitcoin Hits Dollar All-Time High, But Trails In Euro, Swiss Franc: Dollar What&#8217;s Driving The Divergence?</a>



Approximately 19% of Bitcoin's circulating supply is now clustered within ±10% of the current price, suggesting that even modest price changes could significantly impact investor sentiment and trigger cascading reactions.



Despite slowing inflows over the past week, U.S. spot Bitcoin ETFs now collectively hold $137 billion in assets, an all-time high. 



BlackRock's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) alone accounts for 55% of this total, with Fidelity and Grayscale following at 16.2% and 14.7%, respectively.



IBIT's dominance extends to the options market, where it commands 97% of total open interest across Bitcoin ETF options. 



This growing share has created a self-reinforcing loop of liquidity, lower spreads, and increased participation, cementing its influence on price discovery.



Interestingly, IBIT's average cost basis—$75.3k—is closely aligned with Glassnode's "True Market Mean" ($72.2k) and "Active Investor Price" ($78.4k), reinforcing its representativeness of broader investor positioning.



In sum, the report suggests that the Bitcoin market is currently in a high-tension state, driven by tightening supply, subdued volatility, and accumulating demand.



"The longer the consolidation continues, the greater the potential energy stored in the price structure," Glassnode concluded. "When the market finally moves, the resulting volatility expansion is likely to be significant."



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46364023/tom-lee-ethereum-not-solana-is-the-preferred-choice-for-jp-morgan-robinhood-circle-to-build-on">Tom Lee: Ethereum, Not Solana, Is The &#8216;Preferred Choice&#8217; For JP Morgan, Robinhood, Circle To Build On</a></li>
</ul>



Image: Shutterstock

Bitcoin's All-Time High Break Means Volatility Could Soon Return: Report

XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) has rallied 12% on Friday and 25% on the week as traders see a major breakout beyond all-time highs in the making.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td><td>Market Cap</td><td>7-Day Trend</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.77</td><td>&nbsp;$164.1 billion</td><td>+25.5%&nbsp;</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$116,967.60</td><td>&nbsp;$2.32 trillion</td><td>&nbsp;+8.8%</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$2,966.40</td><td>&nbsp;$357.9 billion</td><td>+18.9%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Legendary futures trader Peter Brandt says XRP is currently in a short consolidation phase, marked by a "yellow box" on his chart. He expects the next decisive move to be a strong leg up, calling for a bullish continuation.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Everything I&#39;ve come to know know about charts informs me that the next trend in this mystery market will be Up Up Up The market is just pausing in the yellow box <a href="https://t.co/SA0Cs8JKra">pic.twitter.com/SA0Cs8JKra</a>&mdash; Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1943618645109641495?ref_src=twsrc%5Etfw">July 11, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



DonAlt <a href="https://x.com/CryptoDonAlt/status/1943661799775068262">echoed</a> this view, stating that XRP is pausing at range highs but is coiled for what he describes as a &#8220;giga go&#8221; move. Given how long XRP has ranged, a strong upside breakout is now more likely if momentum sustains.



Statistics: Coinglass data reveals XRP's open interest jumped 20.2%, while derivatives trading volume soared 108.4% in 24 hours. The rally triggered $33.8 million in liquidations, with $28.9 million from shorts — underscoring the intensity of the upside move. 



Community News: Bitwise CIO Matt Hougan <a href="https://x.com/thecryptobasic/status/1942955041297469697">recommended </a>XRP as one of the best tokens for exposure to the tokenization narrative. He advocates investing in a basket of L1s and infrastructure plays including Ethereum, XRP, Solana, and Chainlink.



Hougan notes that the XRP Ledger (XRPL) is fast emerging as a serious player in the real-world asset (RWA) tokenization space, with increasing institutional involvement. Holding XRP, he argues, may offer access to long-term gains from this expanding market.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46327959/xrp-spikes-3-is-a-breakout-imminent">XRP Spikes 3%: Is A Breakout Imminent?</a></li>
</ul>

XRP Explodes For 25% Weekly Gain: Is A 'Giga Rally' Imminent?

The iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) is seeing its time in the sun once again. The fund on July 10 set a new 52-week high, an astonishing 125.86% increase from its lows. Bitcoin itself <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46363070/bitcoin-sets-all-time-high-at-118909-ethereum-xrp-surge-8-each">broke above $118,900, reaching an all-time high today</a>. 



With tech stocks like NVIDIA Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) hot and whispers of rate cuts becoming louder, IBIT&#8217;s ride is not another crypto sugar rush; it could be something more profound: the mainstreaming of <a href="https://www.benzinga.com/etfs">Bitcoin ETFs </a>as solid portfolio staples.



So, is the rally genuine, or are investors again pursuing a mirage constructed of digital gold?



<h2 class="wp-block-heading">Tech Tailwinds And The Bitcoin-NVIDIA Connection</h2>



IBIT&#8217;s rally is synchronous with a technology surge that has been nothing less than historic. <a href="https://www.benzinga.com/markets/tech/25/07/46349588/nvidia-hits-4-trillion-now-worth-more-than-meta-berkshire-hathaway-tesla-combined">Nvidia&#8217;s $4 trillion valuation</a> and the Nasdaq&#8217;s record run have made it a rising tide for risk assets, Bitcoin included. Bitcoin enthusiasts note that the cryptocurrency has a tendency to track tech stocks. With AI mania fueling demand for compute power and investor enthusiasm, Bitcoin has been along for the ride, flaunting its own bona fides as a macro asset.



In reality, others contend <a href="https://www.benzinga.com/topic/bitcoin">Bitcoin is now more than a hedge</a> against fiat or inflation; instead, it&#8217;s evolving as a high-beta proxy for betting on the tech boom. Following months of trading in a tight $10,000 range, the breakout was overdue.



<h2 class="wp-block-heading">Rate Cuts And The Risk-On Revival</h2>



Monetary policy could be providing Bitcoin ETFs with an additional tailwind. A number of Fed officials, from Gov. Christopher Waller to regional Presidents Mary Daly and Michelle Bowman, have suggested that rate cuts are on the horizon as early as late July. Even President Donald Trump has echoed the dovish sentiment, advocating for swift cuts to mitigate inflationary damage from fresh tariffs.



That&#8217;s significant because Bitcoin doesn&#8217;t pay yield. In a world where interest rates are high, that&#8217;s a problem. But in a place where bonds and cash provide less punch, digital assets suddenly shine again. Bitcoin is nearly 26% higher this year, almost quadrupling the S&amp;P 500&#8217;s 7% return.



Fed Chairman Jerome Powell&#8216;s labeling of Bitcoin as &#8220;virtual and digital gold&#8221; may finally be clicking with investors who once derided crypto as little more than a hobby for tech bros.



<h2 class="wp-block-heading">Bitcoin Miners Turn AI</h2>



Yet another subplot: Bitcoin miners aren&#8217;t mining digital gold alone these days; they&#8217;re turning to AI. Bitfarms and similar companies are retrofitting their enormous, energy-hungry data centers to host AI workloads, which can command 5x–10x more valuation than crypto mining businesses.



For ETF investors, this creates a surprise crossover trade. As demand for AI infrastructure surges, these erstwhile crypto pure plays could transform into AI-adjacent stocks, the union of two of the market&#8217;s hottest themes. For the time being, the surge in Nvidia and Bitcoin&#8217;s rise appears more than coincidental.



<h2 class="wp-block-heading">IBIT and The Emergence Of Risk-Conscious Crypto Investing</h2>



As crazy as the rally has been, not all investors are eager to buckle up on the Bitcoin rocket without a parachute. Step into structured protection ETFs such as the Calamos Bitcoin Structured Alt Protection ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOJ#BATS">CBOJ</a>), Calamos Bitcoin 90 Series Structured Alt Protection ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBXJ#BATS">CBXJ</a>), and Calamos Bitcoin 80 Series Structured Alt Protection ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBTJ#BATS">CBTJ</a>). These funds provide a buffer of protection that several nervous investors appreciate.



Demand for these types of tools is indicative that the crypto ETF space is maturing. Investors have vanilla trackers like IBIT, exposure-through-equity ETFs like Amplify Transformational Data Sharing ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLOK#NYSE">BLOK</a>), and now buffered Bitcoin plays to select from.



<h2 class="wp-block-heading">Bottom Line</h2>



IBIT&#8217;s performance can&#8217;t be dismissed. Its high, positive weighted alpha of 89.3 (per Barchart) indicates momentum could persist in the near term. And with the stars finally aligning — tech mania, dovish Fed, regulatory tailwinds, and corporate adoption — Bitcoin ETFs are receiving more institutional shine than ever.



The question now isn&#8217;t so much if Bitcoin belongs in a portfolio, but rather what type of exposure is suitable for your risk profile.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/25/07/46291817/blackrocks-bitcoin-etf-just-overtook-michael-saylors-mstr-now-holds-nearly-700000-btc">BlackRock&#8217;s Bitcoin ETF Just Overtook Michael Saylor&#8217;s MSTR — Now Holds Nearly 700,000 BTC</a></li>
</ul>



Photo: Shutterstock

The Bitcoin ETF Boom Is Here — But Is It Built To Last?

Like any tech industry, the crypto sector is awash with takeovers, buyouts, and M&amp;As. When a company spots a promising startup in a strategic vertical, acquisition becomes the natural next step. Over time, the crypto market has increasingly adopted this classic playbook from traditional finance.



From Coinbase's (COIN) acquisition of Earn.com to Binance&#8217;s purchase of CoinMarketCap, the last decade has seen hundreds of industry mergers and acquisitions. If there's one strand that runs through these deals, it's a large crypto company — usually an exchange — buying a smaller crypto startup.



This trend is unlikely to let up as blockchain businesses seek to fast-track their path to dominance of emerging on-chain sectors. However, it appears poised to be supplanted by a larger trend that will see crypto exchanges shift their focus outward and begin to eye opportunities within traditional finance. And at the top of their wishlist are those companies that specialize in bridging the fiat and crypto worlds: neobanks.



<h3 class="wp-block-heading has-medium-font-size">Crypto Is Coming for Neobanks</h3>



Operating entirely online, usually through mobile apps, neobanks don't have physical branches. This allows them to be leaner and more innovative, without being burdened with the expense of maintaining brick-and-mortar premises. It also makes them a highly attractive target to wealthy businesses that are also accustomed to operating digitally, crypto exchanges.



It helps that many neobanks such as Revolut and Wirex are already in the business of supplying fiat-to-crypto services, forming a valuable conduit for moving funds in and out of the cryptosphere. Many crypto exchanges already offer branded debit cards, issued through payment providers such as Mastercard (MA) and Visa (V). The acquisition of a neobank allows them to go a step further and evolve into full payment companies capable of bridging the fiat and crypto worlds.



As many of these exchanges have discovered, maintaining a reliable debit card service can be challenging. Due to the ever-evolving regulatory landscape, it's not uncommon for card issuers to withdraw services, leaving exchanges scrambling to find an alternative. Neobank ownership solves this problem.



<h3 class="wp-block-heading has-medium-font-size">The Case for Being Your Own Bank</h3>



Some of the benefits of owning a neobank are obvious, from an exchange perspective, such as easier onboarding and off-ramping. But the advantages extend far beyond merely adding a reliable fiat pipeline. Through astutely integrating traditional banking services including savings accounts, loans, and payment processing, there's the opportunity to create a universal financial platform for users. Imagine being able to take out a mortgage using your crypto as collateral?



The cost savings on a day-to-day basis should also be significant, both for exchanges and their customers, should CEXs elect to pass these savings down. Combining neobank infrastructure with that of crypto exchanges allows for faster, cheaper fiat-to-crypto conversions and direct deposit and withdrawal options. Speaking of savings, shared infrastructure such as KYC/AML processes, customer support, and tech stacks can all be pooled, reducing operational costs and user friction. Get verified once and then do all of your banking and crypto under one roof.



The CEX-neobank amalgamation is a match just waiting to happen. So why hasn't it happened?



<h3 class="wp-block-heading has-medium-font-size">Why the Mood Music Now Favors Exchanges</h3>



Despite the range of potential that such an acquisition can provide, there's still a big challenge to adopt this model — regulation. Until recently, crypto businesses had to fight just to keep their own banking services, <a href="https://www.wired.com/story/operation-chokepoint-20-crypto-debanking-conspiracy/">culminating</a> in Operation Chokepoint 2.0, which saw a concerted effort by the Biden administration to squeeze them out of mainstream finance.



Crypto lender Nexo acquired a minority stake in Summit National Bank, a U.S. federally chartered bank. BitMEX announced the acquisition of German private bank Bankhaus von der Heydt, but that deal <a href="https://www.theblock.co/linked/140000/bitmexs-planned-acquisition-of-bankhaus-von-der-heydt-falls-through">ultimately</a> fell through. This time is different, with the mood music now favoring crypto businesses that are looking to expand into traditional finance —provided they tick all the right regulatory boxes.



The <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45989307/senate-passes-genius-act-coinbases-brian-armstrong-calls-it-big-milestone-scott-bessent-says-passage-could-drive-stablecoins-into-a-3-7-trillion-market">approval</a> of the GENIUS Act has strengthened the bridges between TradFi and blockchain, mainstreaming stablecoins and further normalizing crypto. With Circle's stock riding high following its IPO at the start of June and institutional participation in web3 gathering pace, aided by a crypto-friendly U.S. administration, the scales have tilted firmly in the industry's favor.



Astute exchanges with deep pockets will seize this initiative and use it to make strategic M&amp;As while the sun shines. More than just a diversification strategy, neobanks provide a direct path to regulatory licenses, fiat rails, banking infrastructure, and onboarding millions of new users. It's the fast-track to evolving from a cryptocurrency exchange into a full-scale financial ecosystem, capable of offering deposits, cards, lending, embedded trading, and much more.



This pathway is not without its risks, and exchanges will still need to tread carefully in terms of the neobanks they approach, the regions they target, and the regulators they engage with. The compliance costs and legal fees won't be cheap. But the upside, if they can pull it off, is an unrivaled gateway to the cryptoconomy and a business that is future-proofed, capable of generating revenue whatever the mood of the markets.

Crypto Exchanges Will Acquire Neobanks To Access Mainstream Finance

<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2025/07/2025-07-11_08h07_05.png" alt=""/></figure>



To gain an edge, this is what you need to know today.



<h4 class="wp-block-heading">Earnings Season Ahead</h4>



Please <a href="https://thearorareport.com/stock-market-chart-analysis-earnings-season-ahead-banks-dimon-warning-jpm-mc-07112025">click here</a> for an enlarged chart of JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>).



Note the following:



<ul class="wp-block-list">
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of JPM stock is being used to illustrate the point.</li>



<li>The trendline on the chart shows a very strong move up in JPM stock.</li>



<li>The chart shows JPM stock pulled back when RSI indicated the stock was overbought.</li>



<li>Banks will kick off earnings season next week with JPMorgan Chase, Citigroup Inc (C), and Wells Fargo &amp; Co (WFC) first out of the gate on Tuesday.</li>



<li>JPMorgan Chase is the largest bank in the world by market cap.  Jamie Dimon has been the CEO of JPMorgan Chase since 2006.  Dimon is considered the smartest banker in the world.  Now, the smartest banker in the world is warning investors.  When the smartest banker in the world who also happens to be the CEO of the largest bank warns, prudent investors listen.  As usual, the momo crowd is oblivious.  As full disclosure, JPM is in our ZYX Buy Core Model Portfolio. 
<ul class="wp-block-list">
<li>Dimon is warning that the markets are underpricing the potential risk of higher interest rates.&nbsp; Dimon said regarding the risk, "The market is pricing a 20% chance, I would price in a 40-50% chance."&nbsp; He also said the markets were being complacent in light of the tariffs.</li>
</ul>
</li>



<li>There are indications today that Dimon might be right.
<ul class="wp-block-list">
<li>President Trump is imposing 35% tariffs on Canada.</li>



<li>There is also a report that President Trump plans to impose blanket tariffs of 15-20% on countries that have not received tariff notifications.</li>



<li>Concern about tariffs is bringing in selling in the early trade.</li>
</ul>
</li>



<li>On the positive side, the Trump administration is touting that a deal with Europe is close.</li>



<li>The $22B Treasury auction yesterday was good.&nbsp; Here are the details:
<ul class="wp-block-list">
<li>$22B 30 year Treasury bond reopening</li>



<li>High yield: 4.889% (When-Issued: 4.890%)</li>



<li>Bid-to-cover: 2.38</li>



<li>Indirect bid: 59.8%</li>



<li>Direct bid: 27.4%</li>
</ul>
</li>



<li>There are two important statements from Fed officers.
<ul class="wp-block-list">
<li>Fed Governor Waller said the Fed balance sheet is likely to drop to $5.8T.</li>



<li>San Francisco Fed President Daly expects two rate cuts this year.</li>
</ul>
</li>
</ul>



<h4 class="wp-block-heading">Japan</h4>



Yields in Japan are rising.&nbsp; Prudent investors should keep an eye on yields in Japan due to the carry trade that can cause a significant drop in the U.S. stock market as it did in early August 2024 – S&amp;P 500 fell 5% over 3 days.



<h4 class="wp-block-heading">Magnificent Seven Money Flows</h4>



In the early trade, money flows are positive in Amazon.com, Inc. (AMZN).



In the early trade, money flows are negative in Apple Inc (AAPL), Alphabet Inc Class C (GOOG), Meta Platforms Inc (META), Microsoft Corp (MSFT), NVIDIA Corp (NVDA), and Tesla Inc (TSLA).



In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ).



<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>



Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (GLD).  The most popular ETF for silver is iShares Silver Trust (SLV).  The most popular ETF for oil is United States Oil ETF (USO).



<h4 class="wp-block-heading">Bitcoin</h4>



Bitcoin hit $118K, a new all time high, on extreme bullishness in the markets.



<h4 class="wp-block-heading">Arora Protection Band And What To Do Now</h4>



It is important for investors to look ahead and not in the rearview mirror.  Our proprietary Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.



Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.



You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.



A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.



It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.



<h4 class="wp-block-heading">Traditional 60/40 Portfolio</h4>



Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.



Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.



The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

World's Smartest Banker Warns Investors, Banks To Kick Off Earnings Season, Bitcoin Hits $118K

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) price surge to new all time highs on Thursday is not merely crypto euphoria but a broader macro story: according to several leading executives in the digital asset space, that story revolves around weakening <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46363070/bitcoin-sets-all-time-high-at-118909-ethereum-xrp-surge-8-each">confidence in the U.S. dollar.</a>



Bitcoin&#8217;s performance in non-dollar currencies



While Bitcoin has already achieved new all-time highs in USD terms, it remains just shy of similar milestones against the euro and Swiss franc. 



Analysts say that may soon change as macroeconomic conditions shift further in BTC's favor.



"Bitcoin isn't underperforming in euros or Swiss francs—the euro and franc have simply been unusually strong," said Shaaran Lakshminarayanan, founder of RWA yield platform Multipli, speaking with Benzinga. "With the dollar weakening, BTC is serving as the high-beta leg of the global ‘short-USD' trade."



This view is echoed by Maclane Wilkison, CEO of Threshold Labs, who points to broader dollar fragility earlier this year as a key factor. 



"The recent BTC strength against the euro and Swiss franc likely reflects broader USD weakness earlier this year," he said. "It's likely that Bitcoin will soon break its all-time highs against both."



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46364023/tom-lee-ethereum-not-solana-is-the-preferred-choice-for-jp-morgan-robinhood-circle-to-build-on">Tom Lee: Ethereum, Not Solana, Is The &#8216;Preferred Choice&#8217; For JP Morgan, Robinhood, Circle To Build On</a>



The macro backdrop



As U.S. inflation expectations drift lower and speculation about Federal Reserve interest rate cuts intensifies, the dollar's grip on global markets appears to be loosening, benefiting alternative assets like Bitcoin.



"Bitcoin's rally has coincided with falling U.S. bond yields and a weakening dollar index," said Lakshminarayanan. "Conditions that generally boost alternative stores of value and risk assets."



Even traditionally strong currencies may begin to feel the effects of monetary pivots. 



Konstantins Vasilenko, Co-Founder of Paybis, noted that institutional interest is also driving price pressure. 



"We're seeing some of the heaviest institutional accumulation ever through the spot and ETF markets," he told Benzinga. "From Michael Saylor's continued purchases to BlackRock's ETF surpassing 700,000 BTC, the demand-supply imbalance makes a case for higher price breakouts."



Still, some caution remains. "The pace [of BTC's rise] can feel a bit slow in the euro and CHF markets due to investor caution around broader economic pressures," said Vasilenko. "But in the long term, more frequent breakouts cannot be ruled out."



Overall, the experts agree: the current rally is not irrational exuberance but a reflection of Bitcoin's positioning in a shifting monetary world order.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46351536/you-can-stake-ethereum-solana-on-robinhood-but-is-it-worth-the-25-cut">You Can Stake Ethereum, Solana On Robinhood—But Is It Worth The 25% Cut?</a></li>
</ul>



Image: Shutterstock

Bitcoin Hits Dollar All-Time High, But Trails In Euro, Swiss Franc: Dollar What's Driving The Divergence?

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) is up 9% on the day, but some market commentators say the &#8220;real rally&#8221; has <a href="https://www.benzinga.com/money/shiba-inu-price-prediction">yet to begin</a>. 



What Happened: Crypto trader Rick Primes <a href="https://x.com/RickyPrimes/status/1943167705315733599">shared</a> a cautionary tale: he once held 2.1% of SHIB's total supply (about 21 trillion tokens) but sold early, missing out on nearly $882 million during SHIB's all-time high in October 2021. 



Although he later bought back 0.8% and sold for $20-$30 million, he admits the early exit cost him a fortune.



At SHIB's 2021 peak price of $0.00008845, several early investors reportedly saw life-changing gains, with a few even becoming billionaires.



IntoTheBlock data shows Shiba Inu large transaction volume and daily active addressed spiked 378.5% and 25.2%, respectively. Transactions greater than $100,000 multiplied more than three times from 31 to 114.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46350443/dogecoin-killer-shiba-inu-soars-7-as-burn-rate-explodes-by-1500">&#8216;Dogecoin Killer&#8217; Shiba Inu Soars 7% As Burn Rate Explodes By 1,500%</a>



Why It Matters: Crypto trader says the &#8220;real rally&#8221; for SHIB won't begin until the token breaks above $0.0000175, a level that could flip momentum into full bull mode.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The real rally in <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> will start after the break of $0.0000175. <a href="https://t.co/lBxvGM5J1k">pic.twitter.com/lBxvGM5J1k</a>&mdash; CW (@CW8900) <a href="https://twitter.com/CW8900/status/1943552050832511170?ref_src=twsrc%5Etfw">July 11, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



TradingView analyst Master Ananda <a href="https://www.tradingview.com/chart/SHIBUSDT/ekF9Stu4-Shiba-Inu-Still-Early-Massive-Wave-yet-Bullish-1-558-PP/">sees</a> Shiba Inu&#8217;s major rally is still in its early stages, forecasting a potential 1,529% price explosion. 



He suggests SHIB is just entering a new bull phase after months of downtrend since March 2024. The meme coin recently printed a strong green weekly candle, gaining 15% in seven days.



Though still trading below its 200-day moving average ($0.00001634), Ananda predicts a breakout from its descending triangle to $0.00003203, with further targets ahead. 



His long-term projection is $0.0001032, a potential 1,500% rally from current levels.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46272572/scottie-pippen-is-watching-bitcoin-xrp-dogecoin-and-what-else">Scottie Pippen Is Watching Bitcoin, XRP, Dogecoin&#8230;And What Else?</a></li>
</ul>



Image: Shutterstock

Shiba Inu Skyrockets 9%: The 'Real Rally' Is About To Begin, Analysts Say

Ethereum's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) dominance in the tokenized finance sector isn't slowing down and according to Fundstrat's Tom Lee, it has already become Wall Street's go-to blockchain infrastructure, leaving Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) behind in key <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46290395/why-tokenization-could-outgrow-bitcoin-cryptos-biggest-success-story">institutional use cases</a>.



<a href="https://www.cnbc.com/video/2025/07/10/fundstrats-tom-lee-nvidia-being-the-most-valuable-company-in-the-sp-makes-a-lot-of-sense.html">Speaking</a> to CNBC on Thursday, Lee made it clear that Ethereum&#8217;s recent outperformance and adoption by financial giants point to a deeper shift.



"There is really a rediscovery of Ethereum taking place," he said, citing its role in powering stablecoins and tokenized assets that now account for more than 60% of Ethereum's network usage.



Lee emphasized Ethereum's position as a technology platform, not just a digital asset like Bitcoin. 



"Ethereum is like the preferred choice for Wall Street. It already is more than 60% of all the tokenized real-world assets, and that share is growing," he explained. 



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46351536/you-can-stake-ethereum-solana-on-robinhood-but-is-it-worth-the-25-cut">You Can Stake Ethereum, Solana On Robinhood—But Is It Worth The 25% Cut?</a>



With entities like JPMorgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Robinhood (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) building stablecoin and tokenization infrastructure on Ethereum, the trend appears to be solidifying.



When asked whether Solana could disrupt Ethereum's lead, Lee acknowledged the competition but pointed to adoption patterns. "JP Morgan's stablecoin is built on Ethereum. Robinhood is building their tokenizing business on Ethereum. As a layer one, Ethereum is already entrenched."



He also pointed to macro growth drivers, noting that Treasury Secretary Janet Yellen's projection of stablecoins surpassing $2 trillion in value would massively expand Ethereum's usage footprint.



Lee's remarks come amid broader institutional interest in Ethereum, including from his own company, Bitmine Emergent Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#AMEX">BMNR</a>), where he now serves as chairman. 



Bitmine has raised significant capital to acquire Ether, betting on its long-term role in the financial system.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46348745/crypto-users-prioritize-investment-education-over-consumption-nexo-report-finds">Crypto Users Prioritize Investment, Education Over Consumption, Nexo Report Finds</a></li>
</ul>



Image: Shutterstock

Tom Lee: Ethereum, Not Solana, Is The 'Preferred Choice' For JP Morgan, Robinhood, Circle To Build On

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has surged to a new all-time high of $118,909 on Coinbase on Friday morning propelled by steady institutional buying, but analysts warn the rally could face pressure from geopolitical and inflation-driven uncertainties in <a href="https://www.benzinga.com/money/bitcoin-price-prediction">the weeks ahead</a>.



What Happened: The world's largest cryptocurrency jumped 6.3% in the last 24 hours, breaking out of the sideways trading pattern that has persisted for much of the past two months.



Stephen Wundke, Director of Strategy and Revenue at Algoz, pointed to the continued inflows into U.S.-listed spot Bitcoin ETFs, amounting to $15 billion in net buying over the past two months, as a critical driver of upward momentum. 



"Institutions have kept buying BTC ETFs," Wundke told Benzinga. "Traders who lack exposure are now trying to recover positions, forcing prices higher."



He added that dovish inflation signals globally and renewed corporate interest in adding Bitcoin to treasury holdings are fostering favorable conditions for further upside. 



"History shows us when BTC breaks new highs and holds, there's been a circa 20% uplift in the next 60 days," he noted, predicting a short-term target of $125,000—provided inflation data from the U.S. remains benign.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46351536/you-can-stake-ethereum-solana-on-robinhood-but-is-it-worth-the-25-cut">You Can Stake Ethereum, Solana On Robinhood—But Is It Worth The 25% Cut?</a>



Ajay Dhingra, Head of Research and Partnerships at Unizen, was more cautious. "Bitcoin's new all-time high comes during a rare moment of calm in global politics and trade," he said. 



However, Dhingra warned that upcoming macro data releases—particularly GDP and inflation figures—may reflect the impact of Middle East tensions and impending tariffs, potentially reigniting market volatility. 



"This rally may not hold if that calm gives way to fresh volatility," he added.



The broader crypto market followed Bitcoin's lead. 



Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) rose over 8% to top $3,000, while XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) gained 8% as well to surpass $2.60.



Market sentiment also received a lift from optimism around likely ETF approvals for altcoins like Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) and Ripple, both of which broke key trendlines in recent trading sessions.



What&#8217;s Next: While enthusiasm is growing, experts caution that the sustainability of this rally hinges on upcoming macroeconomic events, particularly the U.S. inflation report due July 15 and the Bitcoin options expiry on July 25, two potential catalysts that could sway short-term market direction.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46345201/bitcoins-rally-to-112000-yes-its-different-this-time">Bitcoin&#8217;s Rally To $112,000: Yes, It&#8217;s Different This Time</a></li>
</ul>



Image: Shutterstock

Bitcoin Sets All-Time High At $118,909, Ethereum, XRP Surge 8% Each

Shares of cryptocurrency mining company Bit Origin Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOG#NASDAQ">BTOG</a>) surged in Friday&#8217;s pre-market trading amid Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) record-shattering rally.



What happened: The Nasdaq-listed firm focuses on the Bitcoin mining ecosystem, as well as the deployment of blockchain technologies.



Earlier in the month, it regained compliance with Nasdaq's equity standard, which mandates listed companies to maintain a minimum of $2.5 million in stockholders' equity.



The latest spike may have to do with the ongoing rally in the cryptocurrency market, which has <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46360502/raoul-pal-says-no-one-realizes-insane-incoming-demand-for-blockspace-predicts-crypto-will-become-100-trillion-asset-within-a-decade-as-bitcoin-smashes-118000">propelled Bitcoin beyond $118,000</a>.



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/news/politics/25/07/46359496/elizabeth-warren-says-crypto-industry-wants-trump-to-boost-their-products-just-like-he-was-hawking-elon-musks-cars">Elizabeth Warren Says Crypto Industry Wants Trump To Boost Their Products Just Like He Was &#8216;Hawking&#8217; Elon Musk&#8217;s Cars</a>



The momentum has buoyed most Bitcoin-related equities, with Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) rising 2.71% and 3.37%, respectively, after-hours.&nbsp;CoinShares Valkyrie Bitcoin Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGMI#NASDAQ">WGMI</a>) was up 1.18%



Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $$117,761.58, up 5.91% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.



Shares of Bit Origin were up as much as 75% in pre-market trading after closing 48.8% higher at $0.2900 during Thursday's regular trading session. The stock has risen 81% over the last month.



BTOG recorded a low momentum score as of this writing. If you are looking for high-momentum stocks for your portfolio, go to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.&nbsp;



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="441" height="194" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11041358/Screenshot-2025-07-11-130250.png" alt="" class="wp-image-981399" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11041358/Screenshot-2025-07-11-130250.png 441w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11041358/Screenshot-2025-07-11-130250-300x132.png 300w" sizes="(max-width: 441px) 100vw, 441px" /></a></figure>



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46360502/raoul-pal-says-no-one-realizes-insane-incoming-demand-for-blockspace-predicts-crypto-will-become-100-trillion-asset-within-a-decade-as-bitcoin-smashes-118000">Raoul Pal Says No One Realizes &#8216;Insane&#8217; Incoming Demand For Blockspace, Predicts Crypto Will Become $100 Trillion Asset Within A Decade As Bitcoin Smashes $118,000</a></li>
</ul>



Photo: Paopano on Shutterstock.com

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