FLORIDA HAS JUST INTRODUCED A BILL TO CREATE A STRATEGIC BITCOIN RESERVE
Senate Bill 1038, introduced by Senator Joe Gruters, would allow the state's chief financial officer to invest up to 10% of public funds in Bitcoin ETFs and BTC (potentially billions) once the market capitalization of $BTC reaches $500 billion.
📈 *Bitcoin and Recent Upward Market* • Bitcoin has touched $94,000, marking levels last seen in mid-December, driven by positive sentiment in risk markets and correlation with U.S. indices. 📊 *Altcoins and Overall Performance* • Ethereum, BNB, XRP, and Solana show moderate gains, with memecoins like PEPE and DOGE rising in the last 24 hours. 🌍 *Macroeconomic and Geopolitical Factors* • The rally is happening in a context where global factors continue to influence risk flows. • In the UK, crypto investors must now declare investments to HMRC to combat tax evasion, which implies greater regulatory demands. 🏦 *Growth of Exchanges and Ecosystem* • Bybit reports 80 million users and regulatory expansion in Europe, the Emirates, and the UK, even after previous security challenges. 📊 *Price and Market Structure* _Capitalization and Volume_ The total crypto market capitalization is around ≈ $3.2 – 3.3 trillion, with stable trading volume and Bitcoin dominance around ~57%. _Key Price Ranges_ Bitcoin: recent high range at $92k–$93k. Ethereum: positive technical advances, with accumulation in long-term directions. 🧠 *Market Narrative & Reading* 📌 _Technical Recovery Narrative_ Recent behavior reflects a rotation of flows towards risk assets, influenced by correlation with traditional markets and on-chain accumulation signals in ETH. 📌 *Liquidity Not Confirmed by Structural Flows* Although there are price spikes, there is no clear evidence of sustained institutional liquidity inflows that transform the market structure. The movement remains technical and sentiment-dependent. 📌 Regulation Increases Operational Pressure New demands in the UK and global regulatory announcements.
QUBIC shows gradual accumulation: The improvement in momentum indicators and the increase in long positions in elite accounts suggest positive flow; additionally, the stability of BTC and ETH supports the overall risk appetite.
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🚨 Risk (🤔 Medium)
Volatility contained in a narrow range: The movement of QUBIC reflects a lack of robust directionality; the absence of firm RSI indicators and the low weekly KDJ (K≈9, D≈7) warn of exhaustion risk.
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⚡ Action (📈 Bullish)
Tactical accumulation entry: It is recommended to take advantage of pullbacks to gradually position, with defined technical levels that limit risk.
📌 ONDO presented its roadmap for tokenized values to the SEC, urging support for multiple ownership models and broader on-chain integration to help the U.S. lead the shift toward asset tokenization.
CertiK informs about an exploit in the proxy contract 0x0689…4B43 that drained approximately $340,000, linked to a $USDC approval that the user granted in 2020. Users are urged to review their wallets and revoke obsolete permissions.
: GRAYSCALE REQUESTS THE FIRST 🇺🇸SPOT ETF ZCASH IN THE U.S. Grayscale submitted Form S-3 to the SEC to register its new trust, Grayscale Zcash Trust (ticker ZCSH), on NYSE Arca. Why is this important for $ZEC and other privacy cryptocurrencies?
✔️ TradFi gains access and exposure to privacy cryptocurrencies. ✔️ Institutional investors, funds, and traditional asset managers may consider allocating capital to $ZEC. ✔️ The growing global interest in privacy could drive demand for regulatory-compliant instruments from non-crypto institutions that are wary of direct cryptocurrency holdings, beyond native cryptocurrencies. ✔️ A successful spot ZEC ETF could pave the way for more privacy cryptocurrency ETFs.
THE PROBABILITY OF A RATE CUT AT THE NEXT FOMC MEETING HAS INCREASED TO 87%, AND the latest data from the PPI that I mentioned above gives us a high probability that a rate cut is approaching. 🙌🏼
❌+1,400 ALTCOINS "died" ✅ Why can this be POSITIVE for the booming market?
📈 Every time Bitcoin consolidates and the number of active cryptos falls, the ecosystem "cleans up" and becomes stronger. 🤯More than 1,400 tokens have become inactive in recent months:
🔶Delistings on exchanges 🔶Ultra low volume 🔶Total disinterest 🔶Many were outright scams
🎯 Why is this POSITIVE?
🔶Because market cleaning is necessary. 🔶More capital concentrated in real projects 🔶Fewer scams that dilute trust 🔶Better signals to detect genuine trends 🔶Another example of this is that the number of tokens launched daily in Pump fun has drastically fallen 🔶Token launches on this protocol fell from 24,008 to 517 in just 1 month 🔶Trading volume on the platform also dropped, with reports indicating a decline of 75% since January 2025
📍Less competition = more focus for the projects that showed resilience 📍The constant creation of shitcoins was a narrative that some used to claim that, with so much capital dilution, there would be no bull market. Today things are changing.
🎯📈⚡ BTC breaks its ATH on Binance, Coinbase, and Bitstamp
👉Bitcoin pierced the barrier of 112,000 USD today (July 9) and marked simultaneous all-time highs on Binance, Coinbase, and Bitstamp, according to data from CoinDesk.
📊 The highest intraday peak was seen on Bitstamp at 112,040 USD, surpassing the record from May (111,600 USD).
🥳 Breaking the ATH simultaneously across multiple exchanges strengthens the technical signal and suggests that the demand does not come from a single liquidity center. Buyer pressure surged after liquidating approximately 440 million USD in short positions and coincides with positive net inflows into spot ETFs.
Good morning family, we leave you this article in light of the current market situation Geopolitical conflict could be positive for Bitcoin: according to Scott Melke
This was largely due to temporary risk aversion caused by the escalation of the conflict between Israel and Iran,” Melker explains. However, he believes that “that should not matter in the overall picture.” The reason for this is that it is a typical price setback in the face of an unexpected event, but if the fundamentals remain firm it will recover. ➕Historically, gold has functioned as a safe haven asset in periods of crisis because it does not depend on a particular economy. It has decentralized mining and a scarce supply, which favors its rise in response to demand. Bitcoin, also having such characteristics, has the ability to offer that protection if its narrative as “digital gold” grows. ➕Historically, gold has functioned as a safe haven asset in periods of crisis because it does not depend on a particular economy. It has decentralized mining and a scarce supply, which favors its rise in the face of demand. Bitcoin, also having such characteristics, has the ability to offer that protection if its narrative as “digital gold” grows 👉🏼The current setback does not define the trend that this historically bullish month will have for the markets, nor in the longer term. To put it in perspective, remember that last month began with poor and downward price action, but ended as the best September on record. 👉🏼The rise seen last month has been influenced by interest rate cuts in the United States and China, which increased liquidity, a policy that is expected to continue in the coming months. However, the trader clarifies that “it is crucial to remain cautious, especially when everyone seems to expect the same result.”
👆🏼As can be seen in the following chart from the CoinGlass portal, bitcoin had 9 Octobers with positive monthly returns and only 2 Octobers with slightly negative returns
⭐There are at least 5 reasons why bitcoin could be marking new all-time high prices, if not in October, then at least in the fourth quarter of the year. 1️⃣ The expectation of a bullish period. If investors act accordingly, they will accumulate bitcoin so as not to miss the rise and this, by simple law of supply and demand, will be bullish for the price.
2️⃣ The fact that the "halving effect" could begin to take effect and take bitcoin to new heights. 3️⃣ The interest rate cuts in financial and economic powers such as the United States, the European Union and China were mentioned. This, combined with an injection of liquidity, is positive for all volatile assets including bitcoin, cryptocurrencies, gold and stocks.
4️⃣ Analysts are debating whether a major financial crisis is brewing or whether years of prosperity are approaching for the global economy. Either way, bitcoin has properties that would allow it to stand out in both scenarios. 5️⃣ Finally, the proximity of the presidential elections in the United States and the favorable promises to the cryptocurrency industry made by the two main candidates: Donald Trump and Kamala Harris, were mentioned.