This giddy milestone means that the crypto market cap is now within spitting distance of surpassing the UK’s GDP – a prospect that must surely be giving the good people at the Bank of England a collective case of the vapors.
Back in the day (when Bitcoin was basically the digital equivalent of Monopoly money), the U.S. government casually dumped chunks of its BTC holdings for pennies on the dollar. Fast-forward to 2025, and—surprise!—President Trump decided that the U.S. *definitely* should be in the Bitcoin game. This is not a drill, people. On March 6, 2025, Trump signed an executive order to create the Strategic Bitcoin Reserve and made it clear that the U.S. would no longer *sell* its BTC. Go big or go home, right? 🚀
Owned by the ever-elusive Barry Silbert’s Digital Currency Group, Grayscale’s submission was as vague as a foggy morning in London. They didn’t bother spilling the beans on any details, leaving us all hanging. But rest assured, the registration will proceed once the SEC gets through their review, and only after market conditions decide to play nice. So, basically, when the stars align, we might know more.
As per a CoinShares report, the total assets under management (AuM) across crypto investment vehicles rose to a record high of $211 billion, driven largely by Bitcoin and Ethereum. Bitcoin, with its charming volatility, saw a 2.9% fluctuation, a market cap of $2.41 trillion, and a 24-hour volume of $39.72 billion. Ethereum, not to be outdone, boasted a 3.0% volatility, a market cap of $368.20 billion, and a 24-hour volume of $24.83 billion. 🚀
As of Friday’s closing whispers, DOGE was scooting about at the nearly princely sum of $0.20—an oh-so-poetic embrace of the 0.5 retracement, a mere whisper away from the sacred number of $0.19049. The chart displays the price nestling comfortably within a vintage three-year ascending channel, reminiscent of an old, well-loved sofa whose support seemed eternal since the great capitulation of June 2022. As volatility takes a genteel bow, we witness the emergence of a broadening wedge, quite content to honor every golden-ratio diagonal that it encounters. Certainly, who could resist a golden touch? ✨
This surge in attention has led to some seriously bullish price action for the crypto. According to CoinGecko, the token has seen a 22% appreciation over the past week and a 1.5% gain in the past hour, reaching a new all-time high above $49. 🎉
Meanwhile, just beyond the glittering Bitcoin horizon, altcoins are experiencing a sort of renaissance, as investors fling their money like confetti at parties. Everyone seems to be placing their bets on the next big thing, especially the projects that promise an explosive nature in a bullish market (which sounds suspiciously like something we all wish our diets could offer). 🎉
The PUMP token, a Solana-based meme coin, has been making waves in the crypto community, and not entirely for the right reasons. It seems that the token’s launch was marred by controversy, with Bybit and Kraken exchanges at the center of the maelstrom.
Now, in a twist worthy of a dramatic Shakespearean performance, Bitcoin has officially outpaced Amazon to claim its rightful place among the top five assets globally. Its valuation has now sailed past $2.04 trillion, which surely makes every investor’s heart go pitter-patter with excitement. But, dear reader, this escapade is not just about improving bank balances; oh no, it’s about the theatrical performance taking place across the derivatives markets. A truly terrifying chain reaction of liquidations has unfolded, with leveraged positions worth a staggering $732 million going the way of the dodo in the last 24 hours.🚀
It was in the early hours of July 14, 2025, when the world was still asleep, or perhaps too stunned to notice, that Bitcoin (BTC) made its grand ascent, breaking through the $118,000 to $119,000 range as if it were nothing more than a mere speed bump on the highway to infinity. In just 24 hours, the price had climbed a respectable 4%, adding to the already impressive gains of the past week. It’s as if the market itself was in a race to see how high it could go before the laws of physics intervened. 🚀📈
