Bitcoin Bull Market Delay Could Push Prices to $200K

Despite delays, Bitcoin’s bullish trend channel suggests rising price targets, with potential upper limits now projected at $169,000 to $197,000 by August 11, contingent on global stability. Analysts note that the Stoch RSI crossover on the monthly chart historically precedes explosive rallies, hinting at a major surge not just for BTC but the broader crypto market. Altcoins and memecoins continue to dominate 2024’s narrative, with an alt season peak expected in late 2025 to early 2026, followed by a new NFT season in 2026. The cycle underscores Bitcoin’s role as a market bellwether, though analysts caution responsible investment given the speculative nature of crypto markets.

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Bitcoin Ordinals Trading Hits 5-Month High at $11.5M

Bitcoin Ordinals recorded $11.5 million in daily sales on July 14—the highest since December 2024—with 8,000+ unique buyers outpacing sellers by the widest margin in five months. While weekly volumes rose 116% to $25.8 million, monthly trends show a slump from February’s $100M+ peaks. ‘Uncategorized Ordinals’ dominated 24-hour trading ($8.27M, +1,051%), reflecting fragmented liquidity across micro-cap collections. Despite higher average sale values (+40% in July), current transaction rates suggest July’s total may fall short of $100M, potentially landing near $86M. The market lacks a dominant collection, with top projects like Bitcoin Puppets capturing just 7.6% of daily volume.

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Sotheby’s Auctions Martian Meteorite for Crypto

Sotheby’s is auctioning NWA 16788, the largest Martian meteorite found on Earth, with an estimated value of $2–4 million. The auction house will accept Bitcoin, Ethereum, and USDC, targeting tech-savvy collectors. This follows Sotheby’s trend of integrating crypto payments, as seen in past sales like Bitcoin Ordinals and Bored Ape NFTs. Cassandra Hatton, Sotheby’s VP, emphasized the challenges of valuing unique items like meteorites, which are often priced per gram. The meteorite’s authenticity is confirmed by the Meteoritical Society, and its sale reflects growing demand from crypto-wealthy clients. Sotheby’s aims to cater to this niche by offering flexible payment options.

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Cardano Whales Accumulate 180M ADA Amid Bitcoin Ordinals Integration

Cardano whales have significantly increased their holdings, accumulating over 180 million ADA (worth $135 million) in just one week, signaling bullish sentiment. This follows a period of selling in late February that caused ADA’s price to drop. Additionally, Cardano’s integration of Bitcoin Ordinals via Fairgate’s BitVMX framework marks a major DeFi advancement, enabling cross-chain interoperability between Bitcoin and Cardano. Analysts, including Charles Hoskinson and Dan Gambardello, suggest these developments could drive ADA toward a $10 price target.

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Aixbt The AI Influencer Revolutionizing Crypto Market Insights and Engagement

Aixbt, an AI-powered crypto influencer, has gained significant traction on X, amassing nearly 300,000 followers in under two months and boosting its affiliated meme coin’s market cap to over $500 million. While it offers financial advice and market insights, its analysis relies on social media narratives rather than primary sources, leading some experts to question its sophistication. Despite this, the project has garnered endorsements from key industry figures, further driving the value of its AIXBT token.

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Bitcoin Halving Sparks Billions in Deposits to Layer 2 Platforms

In anticipation of the highly awaited Bitcoin halving, traders are pouring billions of dollars into new, speculative layer 2 platforms, with one such platform attracting more value than several of Ethereum’s established layer 2 solutions. These layer 2s aim to increase transaction speed and trust while reducing fees and decentralization. Despite Bitcoin’s historical lack of large deposits on layer 2s, a nascent Bitcoin layer 2 has already amassed over $3 billion worth of BTC, surpassing the TVL of prominent Ethereum layer 2 solutions. The upcoming launch of the Runes token protocol has further fueled interest in these platforms, making the Bitcoin halving an exceptionally costly event for speculators.

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Q1 2024 Crypto Market Report: Altcoins Outperform Bitcoin, NFT Sector Recovery

The crypto market saw a surge in the first quarter of 2024, with altcoins outperforming Bitcoin. Solana and Maker stole the spotlight with significant price gains, while Ethereum’s layer-2 networks flourished. The NFT sector also recovered, challenging Ethereum’s dominance, and decentralized exchanges saw Ethereum’s share of trading volume decline.

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Trump’s Crypto Holdings Plummet Due to MAGA Coin Decline

US presidential candidate Donald Trump experienced a $3 million loss in crypto holdings in March, primarily due to the decline of MAGA Coin (TRUMP), a memecoin on Ethereum. Trump’s involvement with MAGA Coin began in August 2023 when he was gifted 579,289 TRUMP, which at one point became a significant part of his $5.3 million portfolio. However, the coin’s value sharply declined, negatively impacting Trump’s crypto holdings. Despite his skepticism toward crypto, Trump has engaged in NFT ventures, amassing significant Ethereum holdings and ongoing royalties from NFT sales.

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