Category: Cryptocurrency

  • Bengaluru Crypto Influencer Faces ED Investigation in Rs 300 Crore Investment Scam

    Bengaluru Crypto Influencer Faces ED Investigation in Rs 300 Crore Investment Scam

    The Enforcement Directorate (ED) has launched an investigation into a Bengaluru-based cryptocurrency influencer linked to an alleged Rs 300 crore (approximately $35 million) investment scam. The probe, which began after a Dutch entity filed a complaint with the South Andaman Police cybercrime unit, has uncovered a sophisticated fraud involving cryptocurrency wallets and false promises of high-value digital assets.

    According to investigators, the prime suspect, identified as Ravindra K, along with accomplices Mohammed Waseem, Saurabh Diwan, and Vaibhav Gupta, allegedly lured victims through private Telegram channels, WhatsApp, Instagram, and in-person meetings. They presented themselves as influential figures in the crypto space and promised popular virtual digital assets such as MultiverseX, Kava, BEAM, GRASS, SUI, VANA, and AGLD.

    Initial transactions were reportedly legitimate to build trust, but after collecting millions of dollars in investments, the accused stopped delivering the promised tokens. The ED conducted searches on July 18 and 19, seizing digital devices, email records, cryptocurrency wallets, and 8,700 USDT in virtual digital assets linked to the scam.

    This case comes amid heightened scrutiny of financial influencers and crypto creators, who can rapidly sway investment decisions through their online followings. The ED’s latest probe underscores authorities’ growing focus on online investment promotions as crypto-related fraud cases continue to emerge.

    Also read: How to Spot Crypto Phishing Scams, Fake Apps, and Fraudulent Websites.

  • Bitcoin ETFs Surge with $203M Inflows, Russia Advances Crypto Law, and 8.4M UNI Exits Exchanges

    Bitcoin ETFs Surge with $203M Inflows, Russia Advances Crypto Law, and 8.4M UNI Exits Exchanges

    Bitcoin spot ETFs saw a massive $203.14 million in net inflows on July 21, 2026, led by BlackRock’s IBIT, while Russia’s State Duma approved a comprehensive digital currency bill. Meanwhile, 8.4 million UNI left exchanges in the largest such outflow of the year, and U.S. authorities seized over $25 million in digital assets from scam networks. Here’s a roundup of the top crypto news today.

    Bitcoin ETFs Attract $203 Million in Inflows

    According to data from SoSoValue, Bitcoin spot ETFs recorded a total net inflow of $203.14 million yesterday. BlackRock’s IBIT led the pack with $163.89 million in daily net inflows, bringing its historical total to $60.77 billion. Fidelity’s FBTC followed with $23.11 million, accumulating a historical net inflow of $10.02 billion. The total net asset value of all Bitcoin spot ETFs now stands at $80.94 billion, with an ETF net asset ratio of 6.08% and a cumulative historical net inflow of $51.78 billion.

    Russia Passes Landmark Crypto Law

    Russia has taken a major step toward regulating its crypto market. The State Duma approved the digital currency bill during its second and third readings on July 21. The legislation establishes rules for exchanges, brokers, digital depositories, asset managers, and other intermediaries. Companies offering exchange services must eventually join a special regulatory registry, while existing operators receive a transition period until July 1, 2027. Most provisions are expected to take effect on September 1, 2026, subject to further legislative approval and the president’s signature. The move coincides with ongoing U.S. negotiations over the CLARITY Act, which seeks to define oversight responsibilities between the SEC and CFTC.

    Also read: Bitcoin Price Trades Near $65,700 After Rejection at $66,921

    8.4 Million UNI Leaves Exchanges

    Uniswap (UNI) drew renewed attention as exchange balances recorded their largest decline of 2026. Approximately 8.4 million UNI left trading platforms within 24 hours, ending weeks of relatively stable exchange flows. The timing coincides with renewed focus on its fee and burn narrative, the Robinhood Chain launch, tokenized asset support, and Spark’s $150 million v4 liquidity migration. Following the drop, a four-year-old wallet accumulated 82,891 UNI worth roughly $305,000, completing the purchase in three transactions at an average price of $3.68. UNI gained 3.33% over the past week and 23.59% over the last month.

    AAVE Rally Accelerates

    Aave V4 surpassed $300 million in deposits in July 2026, coinciding with an 8% rise in the price of its native token, moving from $88 to $96. According to the TokenLogic metrics dashboard, the core developer count across GitHub repositories rose from 10.42 in May to 15 in July 2026. This growth in code engineering typically precedes software upgrades and governance preparations within the platform. Active users on Aave V4 continued to grow, and revenue generation continued through borrowing fees, market operations, and partner agreements, despite a global liquidity decline in Q4 2025.

    US Cracks Down on Crypto Scam Networks

    On Tuesday, the U.S. Attorney’s Office for the District of Columbia and the United States Secret Service filed five civil forfeiture complaints aimed at seizing over $25 million in digital assets. The legal action seeks to restore stolen funds to thousands of victims impacted by crypto scams across the United States and Canada. The operations were part of the strategy executed by the Scam Center Strike Force unit, established in November 2025 under the administration of U.S. Attorney Jeanine Ferris Pirro. According to the Department of Justice, investigations identified that the financial operators of these networks were located in Southeast Asia.

    FAQs

    1. How much money flowed into Bitcoin spot ETFs?

    According to SoSoValue, Bitcoin spot ETFs registered $203.14 million in daily net inflows. BlackRock’s IBIT led with $163.89 million, followed by Fidelity’s FBTC with $23.11 million.

    2. What does Russia’s new crypto law cover?

    The proposed framework introduces rules for crypto exchanges, brokers, digital depositories, asset managers, and other intermediaries. Existing operators are expected to receive a transition period until July 1, 2027.

    3. Why is the movement of 8.4 million UNI important?

    A large decline in exchange balances can indicate that investors are moving tokens into private wallets rather than preparing to sell. The outflow also coincided with fresh accumulation by a four-year-old wallet.

    4. What is driving the recent AAVE rally?

    Aave V4 deposits surpassed $300 million in July 2026, while the AAVE token rose from $88 to $96. Developer activity and active-user growth also remained on a positive trend.

    5. What action has the US taken against crypto scams?

    US authorities filed five civil forfeiture complaints seeking control of more than $25 million in digital assets. The action aims to recover funds stolen from scam victims in the United States and Canada.

  • Bitcoin Tops $66K as ETF Inflows Stretch to Five Days Ahead of Fed Meeting

    Bitcoin Tops $66K as ETF Inflows Stretch to Five Days Ahead of Fed Meeting

    Bitcoin traded above $66,000 today, extending a rally fueled by five consecutive sessions of spot ETF inflows totaling $727 million. The momentum comes as traders shift focus to the Federal Reserve’s July 28-29 policy meeting, with regulatory developments around the CLARITY Act, Ripple’s MiCA license, and Russia’s crypto bill also shaping sentiment.

    Bitcoin Price Today

    Bitcoin trades near $66,043.30, up 0.79% over the past 24 hours, according to CoinMarketCap data. The price action remains tied to ETF flows, Fed expectations, and Senate progress on crypto legislation.

    ETF Streak Hits Fifth Session

    Akshat Siddhant, Lead Quant Analyst at Mudrex, noted that Bitcoin touched a seven-week high near $67,000 before profit-taking set in. Spot ETFs logged their fifth straight inflow day, pulling in $727 million — the longest streak since May. He added that CLARITY Act optimism is lifting sentiment, though renewed tariff talk keeps investors cautious. Bitcoin needs to clear $67,250 to sustain the move, with $65,200 as support.

    Altcoins Show Selective Strength

    Vikram Subburaj, CEO of Giottus, placed Bitcoin near $66,300, supported by the same $727 million in five-session ETF inflows. He flagged $67,000 to $68,000 as the resistance band needed for a clean breakout. XRP led altcoins with a 2.7% gain, while Solana and TRON posted smaller advances. He advised staggered buying rather than chasing gains this close to resistance.

    Consolidation Risk Stays on the Table

    Ashish Singhal from the CoinSwitch Markets Desk said that Bitcoin climbed toward $67,000, its highest mark in nearly seven weeks. Broader tensions and proposed tariffs kept overall risk appetite in check through the session. The pullback toward $66,000 looks like standard profit-taking after the rally. He said Bitcoin could retest $70,000, but first needs to reclaim its 21-week moving average.

    Regulatory Tailwinds Build Momentum

    Nischal Shetty, Founder of WazirX, said Bitcoin gained 1.83% to around $66,264 on improving CLARITY Act sentiment. XRP jumped nearly 4% after Ripple secured its full MiCA license across Europe. He also flagged Russia’s State Duma passing a bill allowing regulated retail crypto trading. Bitcoin support sits near $64,000 to $64,600, with $67,000 as the next upside target.

    Ethereum Structure Turns Constructive

    Riya Sehgal, Research Analyst at Delta Exchange, said improving risk appetite and short covering are supporting Bitcoin above $66,000. She flagged $66,800 to $67,500 as the zone that could extend gains toward $70,000. Ethereum’s structure looks stronger too, with resistance building near $1,950 to $1,965. A clean break higher could open a path toward $2,000.

    Crypto Prices Today: Top 10 Coins at a Glance

    Based on CoinMarketCap data as of today’s session:

    • Biggest Gainers: HYPE (Hyperliquid) led with a gain of over 6%, followed by SOL (Solana) and BTC (Bitcoin) with steadier advances.
    • Relative Laggards: ETH (Ethereum), DOGE (Dogecoin), and USDT (Tether) stayed largely flat, reflecting cautious, low-conviction participation across the broader top-ten board.

    Crypto News Today Driving Market Sentiment

    CLARITY Act Remains Stuck in the Senate

    The Digital Asset Market Clarity Act still sits on the Senate calendar without a scheduled floor vote. Lawmakers face a tight window before the August recess, widely seen as the bill’s last realistic chance this year. Three unresolved disputes, including ethics provisions tied to officials’ crypto holdings, continue blocking the votes needed for passage. Analysts say a delay past July would likely push the bill into 2027 negotiations.

    Ripple Secures Full MiCA License Across Europe

    Ripple received full Crypto-Asset Service Provider authorization from Luxembourg’s CSSF, completing its MiCA compliance requirements. The license lets Ripple offer regulated payments across all 30 European Economic Area countries under one framework. The approval strengthens XRP’s regulatory standing at a time when the token remains under close market watch. Ripple now holds more than 75 licenses globally, reinforcing its position among regulated crypto infrastructure providers.

    Russia Advances Regulated Retail Crypto Trading

    Russia’s State Duma passed a bill permitting regulated retail crypto trading through registered intermediaries and licensed platforms. The measure still needs approval from the Federation Council and the president before becoming enforceable law. Analysts view the move as a notable shift for a market previously restricted to qualified investors only. Wider retail access could meaningfully expand trading volumes if the bill clears its remaining legislative steps.

    Fed Meeting Looms as Next Major Catalyst

    The Federal Reserve’s July 28-29 meeting remains the key event traders are watching this week for policy signals. Markets currently price low odds of a rate move, with September seen as more likely. Rate expectations continue shaping risk appetite across both crypto and equity markets heading into the decision. A dovish tone could extend the current ETF-driven rally further into August trading sessions.

    Investor and Market Outlook

    Bitcoin holds near $66,043 as steady ETF inflows offset lingering political and regulatory uncertainty. A close above $67,000 could open a path toward $70,000 over coming sessions. A slip below $65,200 risks exposing lower support near $64,000. Ethereum trades flat near $1,923, testing resistance just under $1,965. Ripple’s MiCA license and Russia’s retail crypto bill point to steady global regulatory progress. The CLARITY Act’s Senate delay remains the key domestic risk factor to track this week.

    FAQs

    What is the Bitcoin price today?

    Bitcoin trades near $66,043.30, up 0.79% over the past 24 hours. Support holds near $65,200, while resistance builds between $67,000 and $68,000. Analysts expect range-bound trading until a decisive breakout confirms the next directional move.

    Why did ETF inflows extend to five sessions?

    Spot Bitcoin ETFs recorded $727 million in inflows across five straight sessions, the longest streak since May. Analysts attribute this to improving institutional confidence and optimism around progress on the CLARITY Act legislation.

    What is the biggest crypto news today?

    Ripple’s full MiCA license across Europe, Russia’s regulated retail crypto trading bill, and the CLARITY Act’s continued Senate delay are the top stories shaping sentiment. The Fed meeting adds further macro weight this week.

    Which coins are performing best today?

    Hyperliquid leads gainers with a gain of over 6%, followed by Solana and Bitcoin with steadier advances. Ethereum, Dogecoin, and Tether stayed largely flat, reflecting cautious, low-conviction participation across the broader top-ten board.

    What should investors watch this week?

    Track the Federal Reserve’s July 28-29 meeting, ETF flow trends, and Senate action on the CLARITY Act. Ripple’s regulatory progress and Russia’s crypto bill also remain important signals for broader market direction ahead.

    Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. Cryptocurrencies are volatile and carry financial risk. Always conduct your own research (DYOR) before making any investment decisions.

  • MEXC Hires Robert MacDonald as Chief Compliance Officer to Steer Global Regulatory Strategy

    MEXC Hires Robert MacDonald as Chief Compliance Officer to Steer Global Regulatory Strategy

    MEXC, a leading zero-fee digital asset trading platform, has appointed Robert MacDonald as its new Chief Compliance Officer. MacDonald brings more than two decades of experience in regulatory transformation spanning traditional finance and digital assets. He will oversee MEXC’s global compliance strategy, governance framework, and regulatory engagement.

    MacDonald joins MEXC from Bybit, where he served as Chief Legal & Compliance Officer, directing global licensing and corporate legal operations while implementing international AML and KYC frameworks. His prior roles include senior positions at Standard Chartered and Binance, focusing on regulatory strategy and compliance transformation. In 2025, Asian Legal Business recognized him among the Top 15 Chief Compliance Officers for navigating regulatory complexity in digital assets.

    MEXC has recently expanded beyond crypto to offer retail users access to equities-related products, IPO access, and other asset classes. MacDonald’s mandate centers on three pillars: cross-jurisdictional governance, data-driven risk management, and strategic regulatory engagement.

    “Trust won’t be a competitive advantage but the price of entry,” MacDonald said. “Compliance is the gateway to trust and sustainable growth. The platforms that endure protect their users.”

    CEO Vugar Usi added, “Innovation and compliance can no longer be treated as separate priorities. Robert’s experience will strengthen the governance foundation needed to scale responsibly.”

    MEXC, trusted by over 40 million users across 170+ markets, continues investing in compliance infrastructure to support its multi-asset expansion.

  • Solana Gains Traction as E*Trade Listing and Network Expansion Fuel Price Optimism

    Solana Gains Traction as E*Trade Listing and Network Expansion Fuel Price Optimism

    Solana has returned to the spotlight after two major developments: Morgan Stanley’s E*Trade platform now offers spot trading for SOL, and the network continues to show strong growth across key metrics. These events have sparked fresh discussion about the cryptocurrency’s price outlook, with market experts pointing to improved accessibility and healthy ecosystem activity as potential long-term catalysts.

    E*Trade Opens a New Door for Solana

    E*Trade, a brokerage owned by Morgan Stanley, has completed its rollout of crypto spot trading and included Solana alongside Bitcoin and Ethereum. Eligible customers can now buy, sell, and hold SOL through their familiar brokerage accounts. This move is significant because E*Trade serves a large base of traditional investors who may prefer not to open separate crypto exchange accounts. Broader access often leads to increased market activity and liquidity.

    Strong Network Growth Supports Confidence

    The Solana blockchain continues to show healthy expansion. Stablecoin activity remains strong, decentralized exchange (DEX) trading volume is high, and tokenized real-world assets are growing. Developer interest stays active, with new projects and improvements regularly added to the ecosystem. These fundamentals help build confidence, as a growing network often creates long-term value for a blockchain.

    Institutional Interest Continues to Rise

    Large financial firms have shown increasing interest in digital assets over the past year, and the E*Trade rollout adds another example. Institutional participation brings credibility and can improve market liquidity. While institutional support does not guarantee higher prices, it often becomes a key factor during sustained market growth.

    What Could Support the SOL Price?

    Several factors may support Solana in the months ahead: easier access through a major brokerage, continued network expansion, low transaction costs, and fast processing speeds. These features attract developers and projects. If stablecoin use, DeFi, and tokenized assets continue to grow, the ecosystem could become even stronger.

    Risks Still Remain

    Despite positive news, risks remain. Cryptocurrency is volatile, and prices can decline sharply. Competition from Ethereum and other smart contract platforms is intense, and regulatory changes or network issues could affect sentiment. Strong fundamentals alone do not always lead to immediate price gains.

    Price Outlook

    At the latest update, Solana traded at around $77.97. The E*Trade listing represents an important milestone, exposing SOL to millions of mainstream retail investors. Combined with robust network activity and rising institutional adoption, the long-term fundamentals appear solid. However, future price movement will still depend on broader crypto market conditions, particularly Bitcoin’s influence and overall investor sentiment.

  • Mixed Momentum for SHIB, SOL, XRP, and Hyperliquid: Crypto Market Technical Analysis

    Mixed Momentum for SHIB, SOL, XRP, and Hyperliquid: Crypto Market Technical Analysis

    The cryptocurrency market is experiencing mixed price action as traders remain cautious ahead of the next major move. Bitcoin has stayed within a narrow range, limiting strong breakout opportunities for many altcoins. However, a select few cryptocurrencies have demonstrated notable strength. Hyperliquid (HYPE), Solana (SOL), XRP, and Shiba Inu (SHIB) have all moved higher, but each asset presents a distinct technical picture. Market sentiment has improved, yet global economic concerns and cautious investor behavior continue to restrict broader buying pressure.

    Hyperliquid Shows Strong Strength

    Hyperliquid has performed reasonably well during the recent market recovery. On the hourly chart, HYPE is currently priced at approximately $63.11, steadily moving away from last week’s bottom. The price has formed a clear sequence of higher highs, indicating buyers’ dominance. It remains above the middle Bollinger Band at $62.17, with the lower band near $60.89 providing major support. The Relative Strength Index (RSI) is close to 68, reflecting high buying pressure but also approaching overbought territory. If buyers push above the $63.50–$64.00 area, further upside is expected. Conversely, a break below the middle Bollinger Band could lead to a drop toward $62. Recent ecosystem growth, including increased interest in decentralized derivatives and prediction markets, has supported long-term confidence, though short-term volatility remains high.

    Shiba Inu Tries to Build More Momentum

    Shiba Inu has started to recover after several weeks of quiet trading. The token now trades near $0.00000430 and has moved above several short-term moving averages, placing SHIB near an important resistance zone. The RSI has climbed above 70, indicating very strong buying activity but also suggesting the rally may slow. Trading volume has increased, supporting the latest price rise. First resistance is near $0.00000435, while support is around $0.00000424, with stronger support near $0.00000418. Despite the positive move, SHIB still faces multiple resistance levels above current price. Market sentiment remains mixed after hopes for inclusion in a U.S. crypto ETF did not materialize.

    Solana Keeps Buyers in Control

    Solana has steadily outperformed many other major cryptocurrencies. The coin is valued at just under $78.43 on one-hour charts, maintaining upward momentum. It stays above the middle Bollinger Band at $77.59, while the upper band approaching $78.82 serves as a crucial resistance line. Buyers have consistently stepped in on minor dips, demonstrating strong market position. The price is heading toward the next milestone of $80. If sellers take over, key support lines lie at $77.60 and $76.35. Strong developer activity and ecosystem growth continue to maintain positive sentiment around Solana.

    XRP Extends Its Recovery

    XRP has continued its recent recovery and now trades near $1.1355. The latest move has pushed the price above several moving averages, improving the technical outlook. Buying volume has increased, and the price has moved above the important $1.11 resistance level. Bollinger Bands have widened, indicating rising volatility. The next resistance stands near $1.14, with first support around $1.113 and additional support near $1.10. As long as XRP stays above these levels, the current trend remains positive. Market confidence is supported by growing interest in blockchain payment solutions and improved sentiment across the broader crypto market.

    Why This Matters

    As Bitcoin consolidates, selective altcoin momentum signals a shift in trader focus toward high-conviction assets. Technical strength in Hyperliquid, Solana, XRP, and Shiba Inu reflects growing risk appetite and highlights key support levels that could launch broader market rallies.

    Market Outlook

    The overall crypto market presents a mixed picture. Hyperliquid has one of the strongest technical setups after its recent recovery. Solana continues in a healthy uptrend and remains a strong large-cap coin. XRP has built fresh momentum after breaking above key resistance. Shiba Inu shows fresh strength but faces several resistance levels before a larger recovery. The next major move will likely depend on Bitcoin’s stability. If Bitcoin holds near current levels, capital may flow into strong altcoins like HYPE, SOL, and XRP. SHIB could also move higher, but its price remains sensitive to changes in sentiment and volume.

    FAQs

    1. Which cryptocurrency has the strongest technical setup? Hyperliquid and Solana currently show the strongest bullish price structures, backed by steady momentum, key moving average support, and growing ecosystem activity.
    2. Is XRP still in an uptrend? Yes. XRP remains above key support levels and moving averages, maintaining positive short-term momentum with expanding volume.
    3. Why is SHIB’s RSI above 70 important? An RSI above 70 indicates intense short-term buying pressure, confirming bullish momentum but also warning of overbought conditions.
    4. What is Solana’s next major resistance level? Solana’s immediate resistance is near $78.80, with the $80 psychological barrier as the next target.
    5. What could decide the next move for these altcoins? Bitcoin’s price stability is key. If Bitcoin holds its range, capital flow into strong altcoins, overall market sentiment, and trading volume will determine subsequent breakouts.

    Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments are risky. Always conduct your own research (DYOR) before making any investment decisions.

  • Ethereum Rallies After Whale Opens $22.4M Leveraged Long Position

    Ethereum Rallies After Whale Opens $22.4M Leveraged Long Position

    Ethereum has surged after a major crypto whale opened a $22.4 million leveraged long position on the asset, boosting market sentiment and fueling a fresh rally. The move, which involved selling Bitcoin to fund the trade, has drawn widespread attention and reinforced bullish expectations for Ethereum’s near-term performance.

    Whale Trade Boosts Confidence

    The whale sold 72 BTC (worth roughly $4.66 million) and used the proceeds to open a 20x leveraged long position on 12,000 ETH. Within hours, the position showed an unrealized gain of nearly $275,000 as Ethereum prices climbed. Such large-scale trades are closely watched because they often reflect the conviction of well-capitalized investors.

    Ethereum Price Action

    Ethereum traded near $1,920–$1,925 after the rally, recording a 24-hour gain of 2.5%–2.9% and a seven-day gain of nearly 8%. The asset’s market capitalization stood at approximately $232 billion, supported by a 24-hour trading volume of $11–$12 billion. Strong demand from both retail and institutional participants has kept Ethereum among the best-performing major cryptocurrencies.

    Futures Market and Technicals Support Bullish View

    Derivatives data showed an increase in long positions, with the Long/Short Ratio remaining above 1 — a sign that bullish bets outnumber bearish ones. Technically, Ethereum recovered from levels near $1,800 and broke above the key resistance zone of $1,875–$1,900, creating a positive chart structure. Analysts now watch whether ETH can hold above support between $1,840 and $1,870. A stable position above that area could open the door to $1,950–$2,000 and possibly $2,160.

    Institutional Demand Strengthens

    Spot Ethereum ETFs attracted over $100 million in net inflows during a single session, outpacing Bitcoin ETFs in the same period. This influx of institutional capital underscores growing confidence among professional investors and long-term holders.

    On-Chain Data Shows Whale Activity and Staking Growth

    Whale transactions above $100,000 reached their highest level since May 2021, suggesting large investors remain active. Meanwhile, approximately 34% of the total ETH supply is now locked in staking, reducing available supply and providing additional price support when demand rises.

    Market Outlook

    The combination of a $22.4 million leveraged whale trade, rising futures activity, strong ETF inflows, and high staking levels has placed Ethereum in a stronger position. While leveraged positions amplify risk in both directions, the data currently favors bulls as long as key support levels hold. Whether ETH can challenge $2,000 will depend on price action in the coming sessions.

  • Bitcoin Holds Above $65K as Cooling US Inflation Boosts Sentiment, but Fed Caution Caps Rally

    Bitcoin Holds Above $65K as Cooling US Inflation Boosts Sentiment, but Fed Caution Caps Rally

    Bitcoin (BTC) reclaimed the $65,000 mark, rising 1.78% in the last 24 hours and 4.38% over the past seven days, as softer US inflation data lifted sentiment across risk assets. According to the US Bureau of Labor Statistics, inflation fell 0.4% in June to a seasonally adjusted annual rate of 3.5%, driven by rapidly declining energy costs. This marks the largest one-month shift in prices since April 2020, following a 0.5% increase in May. The overall May inflation rate was 4.2%, indicating a notable cooling in June.

    Slower inflation typically benefits Bitcoin and other risk assets, as it may reduce pressure on the US Federal Reserve to hike interest rates. However, investors remain focused on the “higher for longer” interest rate outlook. High borrowing costs can restrict capital flow in the financial system, potentially dampening demand for speculative assets like cryptocurrencies.

    Traders on Polymarket assign a 94% probability that the Fed will keep rates unchanged at its July meeting, curbing fears of an imminent policy shock but signaling that markets are not convinced of a near-term easing cycle.

    Oil prices also eased inflation concerns, with Brent crude falling 0.80% to $88.51 per barrel and US West Texas Intermediate (WTI) declining 0.46% to $82.10 per barrel, amid diplomatic efforts in the Middle East.

    ETF Inflows Show Cautious Demand

    According to SoSoValue, US spot Bitcoin ETFs recorded $226.92 million in net inflows on July 20, marking a fifth consecutive session of inflows. BlackRock’s IBIT led with $116.48 million, followed by Ark Invest’s ARKB at $72.74 million, and Grayscale Bitcoin Mini Trust (BTC) at $41.45 million. Other funds, including Fidelity’s FBTC, Bitwise’s BITB, Morgan Stanley’s MSBT, and VanEck’s HODL, also saw inflows, while Grayscale’s GBTC experienced $45.4 million in net outflows.

    CoinMarketCap’s Crypto Fear and Greed Index stands at 37, still in “fear” territory, but significantly improved from the month’s start when it was at 18 in “extreme fear.”

    Technical Structure

    BTC edged above $65,000 on Tuesday, following a breakout above the 50-day Exponential Moving Average (EMA) at $65,051. Despite this move, BTC remains well below the 200-day EMA at $74,693, which continues to cap the broader trend. Momentum is positive, with the Relative Strength Index (RSI) near 57 and the Moving Average Convergence Divergence (MACD) above the zero line, indicating buyers retain an advantage but face a higher-timeframe barrier.

    On the upside, immediate resistance is at $70,000, with a subsequent hurdle near the 200-day EMA at $74,693. On the downside, support is seen at the 50-day EMA at $65,051, and a deeper pullback would expose the horizontal floor at $60,000.

    Frequently Asked Questions

    1. Why did Bitcoin reclaim the $65,000 level?

    Bitcoin moved above $65,000 after softer US inflation data improved sentiment across risk assets. BTC also gained support from positive ETF inflows and a breakout above the 50-day EMA.

    2. How much inflow did US spot Bitcoin ETFs record?

    According to SoSoValue, US spot Bitcoin ETFs recorded $226.92 million in net inflows on July 20. BlackRock’s IBIT led with $116.48 million, followed by ARKB with $72.74 million.

    3. Why is the Fed outlook still limiting Bitcoin gains?

    Markets still expect interest rates to remain elevated for longer, which can reduce liquidity for risky assets. Polymarket traders assign a 94% chance that the Fed will keep rates unchanged in July.

    4. What does the Crypto Fear and Greed Index show?

    CoinMarketCap’s Crypto Fear and Greed Index stands at 37, still in the “fear” zone. However, sentiment has improved from the month’s start, when the index was at 18 in “extreme fear.”

    5. What are the key Bitcoin support and resistance levels?

    Bitcoin faces immediate resistance near $70,000, followed by the 200-day EMA at $74,693. On the downside, support sits near the 50-day EMA at $65,051, with deeper support around $60,000.

  • Bitcoin Holds Above $65,886 as Bulls Set Sights on $66,000 Breakout

    Bitcoin Holds Above $65,886 as Bulls Set Sights on $66,000 Breakout

    Bitcoin traded near $65,886 on July 21, 2026, after touching an intraday high of $65,978. The session opened at $65,868, dipped to $65,843, and recovered to close near the day’s high, signaling sustained buyer confidence. The price maintained support above $65,700, keeping the short-term trend bullish.

    The Relative Strength Index (RSI) stood at 68.5, with its average at 66.0, indicating strong momentum without a confirmed reversal. The upward price movement aligns with rising RSI, supporting the bullish outlook. A breakout above $66,000 could pave the way toward $66,300 and $66,500, provided buying pressure continues.

    Support levels are established at $65,725 (immediate), $65,470 (secondary), and $65,000 (psychological floor). Resistance is at $65,980, just below the key $66,000 barrier. Trading volume increased during the breakout above $65,700, suggesting institutional interest rather than short-term speculation. Volume later stabilized, indicating holders are not eager to take profits.

    Institutional demand remains a key driver, with spot Bitcoin ETFs continuing to attract fresh inflows. Positive global market sentiment and large holder accumulation also support the recovery. Traders are monitoring upcoming economic data and central bank decisions, which could influence both traditional and crypto markets.

    The short-term outlook remains positive as long as Bitcoin stays above $65,700. A successful push above $66,000 could lead to targets of $66,300 and $66,500 within the coming week. Conversely, increased selling pressure might pull prices back to $65,725 or $65,470 before a recovery attempt.

    Frequently Asked Questions

    1. What is Bitcoin’s current price? Bitcoin trades near $65,886 after reaching an intraday high of $65,978. Strong support near $65,700 reflects continued buyer confidence and a steady short-term trend.

    2. Is Bitcoin still in an uptrend? Yes. The cryptocurrency shows higher highs and higher lows, holding above its moving average and key support levels, reinforcing active buying interest and upward momentum.

    3. What are the key support levels? Immediate support is at $65,725. Below that, secondary support sits at $65,470, while $65,000 serves as the primary psychological floor.

    4. What is the next resistance level? The nearest resistance is at $65,980, just below the critical $66,000 barrier. Clearing this zone could open the path toward $66,300 and $66,500.

    5. Why is Bitcoin rising today? The rise stems from positive global market sentiment, persistent institutional interest, and ongoing spot ETF inflows, which together reinforce underlying demand and stabilize price action.

  • XRP Holds Steady Near $1: XRPL Expansion and US Regulatory Progress Fuel Investor Optimism

    XRP Holds Steady Near $1: XRPL Expansion and US Regulatory Progress Fuel Investor Optimism

    XRP remains stable near the $1 mark as the XRP Ledger (XRPL) gains traction and US regulatory advancements boost market confidence. Despite broader crypto volatility, the token has held above key support levels, with whale accumulation and enterprise growth shaping the outlook.

    Key Takeaways

    • XRP maintains support above $1 amid market fluctuations.
    • XRPL adoption continues to strengthen long-term sentiment.
    • Progress on US crypto regulation improves investor confidence.

    Price Action and Market Overview

    XRP has traded in the $1.10–$1.12 range after recent market swings. At press time, the asset is around $1.11–$1.12, posting a daily gain of roughly 1–2%. With a market cap near $70 billion and daily trading volume of about $1.2 billion, XRP’s resilience has caught the attention of traders. A sharp pullback from earlier highs was met with buying interest near $1, reinforcing this level as a crucial pivot.

    XRPL Expansion Drives Confidence

    The XRP Ledger continues to evolve beyond simple payments. Its sub‑five‑second transaction finality and ultra‑low fees make it attractive for remittances, tokenization, and stablecoin projects. More enterprises are exploring XRPL for digital asset custody and decentralized finance applications. Ripple’s focus on enterprise solutions—such as payment rails, custody services, and tokenization infrastructure—has cemented XRPL as a blockchain with real‑world utility rather than pure speculation.

    US Regulatory Tailwinds

    Regulatory clarity in the United States is a major catalyst. The CLARITY Act has advanced in the legislative process, raising hopes that the crypto industry will soon receive clear guidelines. For XRP, which has been entangled in legal debates, this development is especially significant. Clearer rules could unlock institutional participation and broaden adoption across financial sectors.

    Whale Accumulation and On‑Chain Trends

    On‑chain data reveals that large holders have been accumulating XRP during the consolidation phase, signaling conviction in future price performance. The derivatives market has also stabilized after a wave of liquidations, reducing excessive speculation. Analysts note that the $1.10 support zone is being defended by buyers, with order books showing healthy demand at current levels.

    Technical Levels to Watch

    The immediate support sits at $1.10; a break below $1.00 could trigger bearish sentiment. On the upside, resistance is at $1.17, followed by the $1.20–$1.25 range. A decisive breakout above $1.17 would likely reignite bullish momentum. For now, the market remains in a consolidation phase, with traders waiting for a catalyst.

    Risks Remain

    Potential headwinds include profit‑taking after recent gains, a broader crypto downturn (particularly if Bitcoin stumbles), economic uncertainty, and any delay in US crypto legislation. Despite the improved outlook, these factors could dampen the rally.

    Why This Matters

    Holding key support at $1.10 while expanding the XRP Ledger positions XRP as a practical payment solution. Growing whale accumulation and US regulatory progress boost institutional confidence, providing strong support for long‑term market stability.

    Outlook Remains Positive

    Recent developments in the XRP ecosystem—ledger growth and regulatory advancements—have bolstered optimism. Large investors continue to accumulate, and the token’s stability near $1 reflects underlying confidence. However, a sustained rally will require fresh buying interest and broader market improvement. Until then, XRP is likely to trade within its current range.

    Frequently Asked Questions

    Why is XRP staying close to the $1 price level?

    Strong support near $1, steady investor confidence, and positive market sentiment have helped XRP remain stable.

    What is driving optimism around XRP?

    The main factors include XRPL expansion, clearer US crypto regulations, and continued accumulation by large investors.

    Why is the XRP Ledger important?

    XRPL offers fast transactions, low fees, and supports payments, tokenization, stablecoins, and enterprise blockchain solutions.

    Which price levels should traders watch?

    Support remains near $1.10, while resistance stands around $1.17 and the $1.20–$1.25 range.

    What risks could affect XRP in the near term?

    Profit‑taking, weakness across the crypto market, economic uncertainty, and delays in US crypto legislation could impact the price.