Traders See No Bitcoin Bull-Market Comeback Despite 10% July Gains

Bitcoin (BTC) is seeing its best month of July since 2022, but analysis warns that the result could be firmly bearish. Key points: Bitcoin is nearing double-digit gains for July, but market reactions draw comparisons to 2022. Bear-market patterns call for downside to resume next month before a Q4 bottom. $70,000 remains a target for…

Stablecoins May Improve FX Access but Worsen Currency Runs: IMF

Dollar stablecoins could improve access to foreign currency in economies with fixed or heavily managed exchange rates, but may also amplify currency runs when pressure on the domestic currency becomes severe, according to a new paper published by the International Monetary Fund (IMF).  The findings come from a working paper by economist Brandon Joel Tan….

Bitcoin halving cycle history challenges $300,000–$500,000 moonshot forecasts

Veteran trader Peter Brandt anticipates a peak between $300,000 and $500,000. Bernstein analysts Gautam Chhugani and Mahika Sapra expect prices to hit $500,000 by 2029, citing booming demand for spot exchange-traded funds (ETFs). Reality check However, while the four-year cycles have consistently produced new all-time highs, each successive one has seen markedly lower multiples, compressed…

Senate Democrats Call for Hearings into Trump’s Ties to Crypto Amid CLARITY Act Discussions

Five Democratic senators have called for committee hearings “to investigate the national security implications of President Trump’s cryptocurrency holdings” as the chamber considers digital asset market structure legislation. In a Friday notice, the Democratic ranking members of five US Senate committees and subcommittees asked lawmakers to address President Donald Trump’s 2025 financial disclosure, in which…

Bitcoin Tries for New July Highs Amid Falling Oil, Dollar Strength

Bitcoin (BTC) eyed new July highs on Friday as US-Iran peace momentum kept oil lower. Key points: Bitcoin bulls keep upside momentum going as BTC/USD seeks a new multi-week record. Declining oil prices and US dollar strength contrast with crypto market rebound. $65,000 is now “crucial resistance” to be tackled, says analysis. Bitcoin reaches $64,350…

DOJ Seeks Dismissal of $722 Million BitClub Fraudster

The US Department of Justice is reportedly moving to drop charges against the founder of BitClub Network, a purported crypto mining platform that allegedly defrauded investors of $722 million between 2014 and 2019. A court filing shows Matthew Goettsche’s attorneys wrote to New Jersey district court Judge Claire Cecchi on Wednesday, stating that the parties…

Meta’s Chief Data Officer Says Agentic Commerce is the “Next Tier of Business”

In a wide-ranging conversation on CoinDesk Spotlight, Schultz laid out a view of Meta’s future in which agentic commerce is not a product category but an inevitability. “We think it might be the next tier of business for our entire company,” he told host, Sam Ewen. The Agentic Economy Is Already Here, But It’s Unevenly…

Metaplanet Studies Bitcoin-backed Digital Bonds in Japan

Japanese investment and Bitcoin treasury company Metaplanet’s securities arm, Metaplanet Securities, stablecoin issuer JPYC and tokenization infrastructure provider Progmat are tying up on a joint study on Bitcoin-backed digital credit products in Japan. The study involves using BTC as collateral and a credit enhancement tool combined with the Japanese yen-pegged JPY Coin (JPYC) stablecoin for…

US CBDC Ban to Go into Effect without Trump Signoff on Housing Bill

A bipartisan housing bill containing a ban on a central bank digital currency (CBDC) in the United States is set to become law as the deadline approaches for President Donald Trump to sign it. Just after midnight on Friday, the 21st Century ROAD to Housing Act will have been in Trump’s hands for 10 days,…

Bitcoin Whales Due Credit for $64,000 BTC Price Rebound, Says CryptoQuant

Bitcoin (BTC) demand shifts are “behind” the price rebound to $64,000, new analysis claims. Key points: New Bitcoin price analysis says that US whales are behind the latest spate of BTC price relief. The Coinbase Premium is above its 14-day moving average, a key sign of strength. Research from Bitcoin Suisse suggests that “something changed”…