Bitcoin entering a less volatile, more sustainable stage, argues Deutsche Bank
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Yahoo
40 minutes ago
- Yahoo
Bitcoin Dips Below $117,000: What On-Chain Data Reveals About The Next Big Price Shift
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin (CRYPTO: BTC) is down nearly 5% from its all-time high of $122,838, trading at $116,880 as of Tuesday morning European time, as the broader crypto market pauses ahead of key macroeconomic data and reacts to a spike in large-scale on-chain activity. Ethereum (CRYPTO: ETH) has also dipped, down 2.5% to around $2,980. What Experts Are Saying: Speaking with Benzinga, analysts say the move is largely a correction following a rapid run-up, compounded by heightened uncertainty around U.S. inflation data and growing signs of profit-taking by major holders. "It's expected that after a large run, some correction is likely, especially following an uninterrupted move from $108K to $122K," said Nicolai Sondergaard, Research Analyst at Nansen. "We now see quite some heavy liquidation levels around $116.3K which is something to watch next as an immediate psychological level." Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — On-chain data from CryptoQuant confirms that whales—large Bitcoin holders—have begun repositioning. According to the firm, over 1,800 BTC were deposited onto Binance in a single day, with transactions over $1 million accounting for more than 35% of total inflows. These movements are typically viewed as precursors to increased volatility. "This activity on Binance is a critical market signal," the firm noted, citing the exchange's dominant position in global spot and derivatives trading. The whale inflows suggest either profit-taking after the rally or preparations to hedge against downside risk ahead of CPI data. Bitfinex analysts attributed the pullback to a combination of factors, including the recent rally's exhaustion and caution ahead of U.S. inflation figures due later today. "Bitcoin's recent pullback appears to be a natural breather following fresh all-time highs, alongside a cautious wait-and-see stance ahead of today's CPI release." They added that if core inflation exceeds 3.2%, it could delay Federal Reserve easing, lift the dollar, and put pressure on risk assets like Bitcoin. "That would strengthen the dollar and hurt demand for non-yielding assets like Bitcoin, potentially extending the pullback by another 5–10%, based on prior CPI events."On the other hand, a softer-than-expected print—such as a headline figure below 2.5% and core easing toward 2.9%—could revive bullish momentum. "A similar outcome today could push Bitcoin back toward $120K+ again especially if ETF inflows remain strong as they have in the past 2 weeks," Bitfinex said. Longer term, structural factors such as U.S. tariffs could keep CPI elevated near 2.9%, which analysts say may limit the scale or duration of any policy-driven rally. Altcoin markets, which had shown renewed strength following Bitcoin's recent high, are also under pressure. Ryan Lee, Chief Analyst at Bitget Research, pointed to a typical capital rotation pattern: "The recent surge in altcoins following Bitcoin's all-time high reflects a classic capital rotation pattern, as traders seek higher beta plays after BTC's initial breakout." Lee said Ethereum could range between $2,500 and $3,500 in Q3 depending on DeFi activity and ETF momentum, while Solana (CRYPTO: SOL) and XRP's (CRYPTO: XRP) trajectories will depend on network growth and regulatory outcomes respectively. What's Next: Market experts suggest that the next move for Bitcoin and by extension, the rest of the crypto market, will hinge on today's inflation data and how it influences interest rate expectations. Whale behavior and ETF flows will also remain key variables. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Bitcoin Dips Below $117,000: What On-Chain Data Reveals About The Next Big Price Shift originally appeared on
USA Today
an hour ago
- USA Today
Stocks rise Wednesday on strong bank earnings, tame inflation
U.S. stocks opened higher after a gauge of inflation was tamer than expected and big banks reported strong earnings results. The blue-chip Dow rose 0.3% to about 44,132 at the start of the session. The broad S&P 500 index was up 0.2%, about 11 points, to start at 6,255. The Nasdaq Composite Index ticked 0.1% higher, up 20 points to about 20,698. The producer price index, which reflects the prices businesses pay for their goods and services, was unchanged in June, helping assuage some concerns about the impact of tariffs. The Dow Jones consensus estimate was for a 0.2% rise in June. The reading came one day after the consumer price index showed signs of accelerating in June. The benchmark 10-year U.S. Treasury note was down about 3 basis points to 4.461% at the start of trading. Crypto news Digital currencies and the stocks of several crypto businesses rose Wednesday as the U.S. House of Representatives' "Crypto Week" continued. Bitcoin was up nearly 1% in the morning, to about $118,779, while shares of Coinbase gained 1.3%. Corporate news
Business Insider
an hour ago
- Business Insider
FBS Analyzes Cryptocurrency Market Trends in H1 2025 and Outlines Key Drivers for H2
FBS, a leading global broker, shares its expert review of the first half of 2025 in the cryptocurrency market and outlines key scenarios shaping the months ahead. Bitcoin led the market in H1, showing solid resilience and setting new highs despite global uncertainty. Supported by a more favorable macroeconomic environment with stabilizing inflation, a pause in US rate hikes, and a weaker dollar, BTC once again confirmed its position as the leading force in the crypto market. Earlier in 2025, Bitcoin briefly fell to $76 300 before making a strong comeback in Q2 and reaching a new all-time high. This recovery reinforced BTC's dominance, especially among institutional investors, and left many altcoins struggling to catch up. 'Bitcoin has once again proven to be the core asset in the crypto market,' say FBS analysts. 'But the real question is whether we're nearing the end of this bull cycle — or if the market still has room to run.' Altcoins fall behind While Bitcoin surged, most altcoins, including ETH, SOL, and XRP, remained under pressure. The long-awaited 'altseason' didn't take off in the first half of the year, as most liquidity remained concentrated in Bitcoin. Weak speculative interest and a lack of strong fundamentals limited altcoin recovery, leaving many assets below their year-to-date performance. Some, like XRP, showed relative stability due to strong communities and partnerships. But overall, altcoins underperformed, raising doubts about whether they'll see a meaningful upside before the current cycle peaks. Macro picture: the key to what comes next In the second half of 2025, market attention shifts to key macroeconomic signals. According to FBS, three forces will likely shape crypto's direction: The US Federal Reserve: If the Fed starts cutting rates, risk assets could gain new momentum. But if the pause continues or policy shifts back toward tightening, pressure on crypto may return. The US Dollar Index (DXY): Bitcoin has historically moved in the opposite direction to the dollar. A stronger DXY could weigh on crypto sentiment. Stock market performance: Correlations between major indices and crypto remain strong. Weakness in tech stocks could spill over into digital assets. Tracking the Post-Halving Market Trajectory Looking at past market cycles, FBS analysts highlight that bull markets tend to peak 200–500 days after a Bitcoin halving. The last halving occurred in April 2024, putting a potential cycle top around Q4 2025 to Q1 2026. Technical indicators like the Money Flow Index (MFI) also suggest FBS may still be in the active phase of the bull run. That said, the market now enters a decisive phase. Continued growth may drive renewed capital into altcoins, sparking delayed upside. On the other hand, signs of exhaustion or macro headwinds could mark the start of a longer correction. 'The next few months will define this cycle,' the report concludes. 'Whether it's the beginning of the end or just another phase of growth — traders need to stay alert.' Users can read the latest FBS analysis here. To learn more about FBS and its services, users can visit Disclaimer: This material does not constitute a call to trade, trading advice, or recommendation, and is intended for informational purposes only. About FBS FBS is a global brand that unites several independent brokerage companies under the licenses of FSC (Belize), CySEC (Cyprus), and ASIC (Australia). With 16 years of experience and over 100 international awards, FBS is steadily developing as one of the market's most trusted brokers. Today, FBS serves over 27 000 000 traders and more than 700 000 partners around the globe. Contact FBS
