🏙️ Wall Street Bleeds Billions as Crypto Eyes a Historic Breakout
⚡ CryptoTrendz - 📌 Breaking Trendz: Stay Updated!:
Solana jumps 10% near key resistance as analysts eye a “real bull run.” Jack Dorseys Block soars 9% after S&P 500 news. JPMorgan, Citi, Wells Fargo lose $5.3B on bad loans. Bitcoin eyes ATH with bullish signs, but NVT flashes caution. ✨Here’s a quick glance:
🔖 Market Updates:
🔹Bitcoin has climbed recently, but the NVT indicator indicates a surprising market signal. This might suggest a pause before potential further movements in price (Source).
🔹Analysts believe that despite current trends, another all-time high in July remains a possibility for Bitcoin (Source).
🔖 Crypto Trends:
🔹Solana has surged approximately 10%, closing in on significant resistance levels. Analysts are optimistic about a “real bull run” approaching for Solana in the near future (Source).
🔹Meanwhile, XRP’s recent performance has led to suggestions from analysts to consider potential exits for holders (Source).
🔖 Major Financial Institutions:
🔹In a troubling quarter, major banks like JPMorgan, Citi, and Wells Fargo reported a staggering loss of over $5.3 billion due to customer defaults (Source).
🔹In contrast, Jack Dorsey’s Block celebrated a surge after its inclusion in the S&P 500, with shares jumping 9% in after-hours trading (Source).
🔖 Industry Developments:
🔹Ripple’s CEO celebrated a historic day for crypto, marking XRP’s remarkable price surge to an all-time high (Source).
🔹Meanwhile, the crypto exchange Bullish has filed for a US IPO, eyeing a listing on the NYSE under the ticker “BLSH” (Source).
🔖 Regulatory News:
🔹Trump is taking steps to unlock the $9 trillion US retirement market for Bitcoin and other cryptocurrencies, signaling a significant shift in policy (Source).
🔹Additionally, the US House of Representatives has sent the GENIUS Act to the President to sign, as crypto regulations continue to evolve (Source).
🔖 Market Predictions:
🔹Analytics firm Glassnode has forecasted that Bitcoin could soar to $136,000 if demand remains strong, although there are critical factors to monitor for this to happen (Source).
🔹As part of a growing trend, the CEO of Schwab announced plans to offer stablecoin as part of expanding crypto services (Source).
🔖 Banking and Digital Assets:
🔹The battle between traditional banks and the digital asset industry is intensifying, with the CEO of Custodia Bank claiming that crypto has been favorable in recent DC policy competitions (Source).
🔹The rise of Bitcoin alongside Wall Street raises philosophical questions about the future of financial systems (Source).
🔖 Technical Insights:
🔹Coinbase’s premium indicates significant institutional demand for Ethereum, suggesting aggressive accumulation strategies by large investors (Source).
🔹As crypto markets evolve, tools like Google Gemini are being leveraged to transform crypto news into actionable trade signals (Source).