Dogwifhat (WIF) Drops 7.7% as Price Tests Key Support at $0.82

  • Dogwifhat (WIF) fell 7.71% to $0.8253, reaching a low of $0.8232.
  • RSI hovers at 48.89 with no clear bullish momentum.
Dogwifhat (WIF) extended its losses on July 4, dipping to a daily low of $0.8232. It currently trades at $0.8253, down 7.71% over the past 24 hours. This price action drags its market capitalization to $824.43 million, marking a similar 7.71% decline. At the same time, the 24-hour trading volume plunged by 55.34% to $320.39 million, significantly reducing WIF’s market cap ratio to 38.87%.  Despite having a fully diluted valuation equal to its circulating cap, $824.43 million for 998.84 million tokens, the sharp drop in volume underscores evaporating trader interest. That evaporation, combined with strong intraday rejection near $0.94, hints at an intensified bearish phase. WIF Faces Key Inflection Point Amid Weak Momentum Technically, WIF struggles to reclaim strength after its previous attempt near the $0.94 level was rejected. The asset now tests the $0.82 region, which acts as a near-term support zone. If this base breaks, price action may accelerate toward the deeper accumulation range around $0.78.  Conversely, if buying activity returns, $0.94 will likely emerge as the next key resistance. A clean breakout past that could expose the token to the psychological threshold of $1.00. Momentum indicators echo the weakening price structure.  The Relative Strength Index (RSI) sits at 48.89, marginally below its 14-day average of 47.54. Although not in oversold territory, the lack of bullish divergence reflects hesitation among buyers. The RSI’s slight upward tilt shows resilience, yet no clear directional conviction appears on the horizon.  The Chaikin Money Flow (CMF), which now rests at -0.03, has slipped below the zero mark. This move signals a shift in capital outflow, reinforcing the broader bearish mood. Additionally, the convergence of the RSI with its moving average, along with weak bullish follow-through, suggests that traders remain cautious. While WIF retains long-term potential, the current price action demands careful monitoring. Sustained pressure below $0.82 could trigger wider liquidation. Unless volume recovers and RSI rebounds above 50, the short-term outlook remains bearish. Highlighted Crypto News Today
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FTX Freezes $500M in Disputed Creditor Claims from Crypto-Restricted Countries

  • FTX seeks court approval to freeze $500M in payouts.
  • 49 jurisdictions flagged, China holds 82% of value.
FTX’s bankruptcy estate has filed a motion seeking to freeze creditor distributions in 49 countries with restrictive or ambiguous crypto laws. On July 2, the estate asked the U.S. Bankruptcy Court in Delaware to approve a hold and review process. This move aims to ensure legal compliance before distributing crypto assets globally. The estate warned that sending funds to these jurisdictions could trigger fines, personal liability, or even criminal charges. These risks stem from local laws banning crypto activity or third-party intermediaries. As a result, the FTX Recovery Trust proposes freezing affected payouts until legal clarity is secured. Among the 49 jurisdictions, China accounts for 82% of the disputed claim value, despite making up just 5% of the total claims. While China bans crypto trading, holding digital assets remains legal. Chinese FTX users are challenging the freeze, arguing they have the right to receive dollar-based payouts offshore.

Upon court approval, the trust will issue a “Restricted Jurisdiction Notice” to affected creditors. Creditors will have at least 45 days to file objections. To do so, they must acknowledge U.S. court authority via a sworn declaration. If unresolved by the distribution record date, disputed funds will return to the estate. Creditor Objections and Legal Ramifications

Failure to file timely objections will result in claim forfeiture. Even creditors who object but lose in court will forfeit their claims. One Chinese user confirmed consulting legal counsel and plans to object through every legal channel. FTX creditor advocate Sunil Kavuri emphasized that the trustee holds final authority unless the court rules otherwise.

FTX initiated its second repayment phase in May, aiming to distribute $5 billion. However, this freeze affects $500 million linked to blocked jurisdictions. The trust will resolve claims individually through legal opinions and court rulings. Distributions will resume only if compliance with local laws is confirmed. Highlighted Crypto News Today
Dogwifhat (WIF) Drops 7.7% as Price Tests Key Support at $0.82

Can Humanity Protocol (H) Extend Its Bull Run After a Recent 28% Surge?

  • Humanity Protocol posted a 28% rally, bringing its price to $0.097.
  • Over the last week, H has recorded a massive 375% surge.
The crypto market’s short-lived bullish correction has brought in a wave of red charts. The largest asset, Bitcoin (BTC), hovers at $109K, while the largest altcoin, Ethereum (ETH), trades at around $2.5K. In the altcoin crowd, Humanity Protocol (H) has weathered the uncertainty and posted a 28.12% jump in value within the last 24 hours.  The asset opened the day trading at the bottom range of $0.06986. With the potent bullish shift, the price ascended toward a peak of $0.0956, breaking through its key resistance levels between $0.06994 and $0.0951. As per CMC data, Humanity Protocol trades at around $0.09727, with the market cap reaching $177.52 million.  H price chart (Source: CMC) Notably, H’s daily trading volume has surged by over 26.06%, touching the $374.50 million mark. As reported by Coinglass, the market has observed a liquidation of $5.89 million worth of Humanity Protocol during this period.  Over the last seven days, H has recorded a 375% increase. The asset opened the week trading at $0.020, and with a steady bullish price movement, Humanity Protocol has climbed to the $0.097 range, the current trading range.   Will the Humanity Protocol Bulls Stay Strong? Humanity Protocol’s brief upward momentum might push the price up to the $0.08924 level. If the asset’s positive price trajectory holds and gains further strength, the price could likely jump toward the resistance above $0.08933. Upon clearing this zone, the bulls may initiate a strong bull run. Conversely, if the H market shows signs of exhaustion, the price could immediately fall back to the support at $0.08908. Further downside correction might trigger the asset to face a series of supports between $0.08898 and $0.08885. An extended slippage in price may lead to a steep fall to its former lows.  H chart (Source: TradingView) Additionally, the Moving Average Convergence Divergence (MACD) line of the asset has briefly crossed above the signal line. This crossover infers a bullish move, with the potential of a resilient uptrend. Humanity Protocol’s Chaikin Money Flow (CMF) indicator value of 0.18 hints at moderate buying pressure in the market, and the capital is flowing into the asset. It can support a potential continuation of the uptrend. Furthermore, the daily Relative Strength Index (RSI) found at 67.25 indicates that the asset might be approaching the overbought territory, with a pullback or consolidation ahead. Humanity Protocol’s Bull Bear Power (BBP) reading, settled at 0.024669, suggests a mild bullish dominance in the market. Highlighted Crypto News Can a Sudden 141% Volume Surge Push BEAM Out of Its Slump?

Bitcoin ETFs See $602 Million Surge as Inflow Momentum Builds

Bitcoin exchange-traded funds (ETFs) continued their red-hot streak with a $602 million inflow, led by heavy activity in Fidelity’s and Blackrock’s funds. Ether ETFs also bounced back with $148.57 million in net inflows, riding high on renewed investor confidence. Bitcoin and Ether Funds Rack Up $750 Million in Inflows on Strong Institutional Demand Momentum doesn’t […]

Bitcoin Climbs as Trump’s $5 Trillion Bill Sparks Market Volatility and Political Tensions: Your Weekly Crypto Market Update

Bitcoin had a relatively strong week, which helped it end the second quarter with almost 30% gains and trading around $109,000 by July 4th – pretty close to its all-time highs. The price briefly dipped to around $105K midweek following the Senate’s approval of Donald Trump’s massive budget legislation but it was quick to rebound. Analysts remain split on the short-term outlook: Standard Chartered maintains a positive view with a $200,000 year-end target, while BitMEX co-founder Arthur Hayes warns of a potentail dip to $90K before another rally. The major political development during this week was the passage of Trump’s $5 trillion legislation “One Big Beautiful Bill,” which makes the 2017 individual tax cuts permanent, lifts the debt ceiling, and rolls back programs such as Medicaid expansion and green energy incentives. After a narrow vote in the Senate on July 1st, the House approved the bill on July 3rd, following a lengthy Democratic nailbiter. Trump is expected to sign the bill on July 4th. The crypto market reacted with a temporary weakness. However, many see the bill’s inflationary impact, as well as the ballooning US debt as a long-term bullish sign for Bitcoin. Similar fiscal stimulus packages in the past (recall the 2020 COVID relief efforts) led to sharp crypto market rallies. Hence, some analysts believe that this could be a comparable setup. Meanwhile, Tesla CEO Elon Musk criticized the bill’s cuts to clean energy and its impact on federal debt. He even went so far to suggest that he might create a third political party in response. Trump, of course, fired back, suggesting Musk could even face deportation, which escalated tensions between both of them. Other notable developments include the removal of a crypto tax relief amendment, which disappointed miners and stakers. However, the discussions around a US strategic Bitcoin reserve continue to gain moment. While Bitcoin is currently holding strong, regulatory uncertainty, macro shifts, and political risks remain some of the key variables for the coming weeks. Market Data Source: Quantify Crypto Market Cap: $3.43T | 24H Vol: $88B | BTC Dominance: 63% BTC: $108,793 (+1.7%) | ETH: $2,549 (+4.2%) | XRP: $2.24 (+7.3%) This Week’s Crypto Headlines You Can’t Miss Experts Positive on Crypto Altcoin ETFs This Year: Will XRP, ADA, and SOL Benefit? Experts believe that the US Securities and Exchange Commission will likely approve the applications for spot-based XRP, SOL, and ADA ETFs later this year. The question is if this will have a positive impact on these altcoins. Does Ethereum Have an Advantage over Bitcoin for Corporate Treasuries? There is little doubt that public companies are have been stacking Bitcoin throughout the year. But corporations may as well start buying Ethereum next and industry experts like Tom Lee and Joseph Lubin are betting big on it. Trump’s One Big Beautiful Bill TLDR: Good or Bad for Bitcoin? Donald Trump’s ‘One Big Beautiful Bill” has passed Congress voting and will be signed into existence very soon. Here is a condensed explanation of what it means for the cryptocurrency industry and whether or not we should expect an explosive rally. BlackRock’s Bitcoin ETF ‘Machine’ Outearns Legendary S&P 500 Fund: Details. The BlackRock iShares Bitcoin Trust (IBIT) has managed to achieve an incredibly impressive milestone. It is now generating more annual fee revenue than the firm’s legendary and flagship S&P 500 tracking, despite being tremendously smaller in size. Fight for 40,000 BTC Continues: Judge Allows Celsius’s Lawsuit Against Tether to Proceed. The fight over close to 40,000 BTC between Celsius and Tether will continue. A U.S. bankruptcy judge has ruled that the former can go on with its lawsuit, currently worth around $4.3 billion, against the world’s largest issuer of stablecoins. Should we be worried? When Will Bitcoin’s Price Reach its Top This Cycle? Analysts Give Key Insights. The biggest question: is the cycle’s top already in or are we going to see an outsized blow-off bull run in the second half of 2025? An on-chain data expert from CryptoQuant shares his perspectives on the matters and reveals some very interesting findings. Charts This week, we have a chart analysis of Ethereum, Ripple, Cardano, Solana, and Binance Coin – click here for the complete price analysis. The post Bitcoin Climbs as Trump’s $5 Trillion Bill Sparks Market Volatility and Political Tensions: Your Weekly Crypto Market Update appeared first on CryptoPotato.

Can a Sudden 141% Volume Surge Push BEAM Out of Its Slump?

  • BEAM recorded a loss of over 3%, trading at $0.0059.
  • Its daily trading volume exploded by 141%.
Yesterday’s bullish spike could not sustain its momentum, and the broader crypto market cap has pulled back to $3.37 trillion. Major assets have returned to recent lows, painting the charts red. Among them, BEAM joined the suit, displaying a bearish price movement with a 3.60% drop in the past 24 hours.  In the early hours, BEAM has recorded its highest price at $0.006614. With the sudden bear encounter, the asset’s price has retraced to q low range of $0.005953. At the time of writing, BEAM trades at $0.005925, with its market cap at $292 million, as per CMC data. Concurrently, the daily trading volume has exploded by over 141%, reaching $58.52 million.  While zooming in on the last seven-day price chart of BEAM, it has recorded a surge of over 12.41%. The asset began the week trading at $0.0052, and later it rose to a high of $0.0064 and to the current trading zone. What Lies Ahead for BEAM? The four-hour technical chart analysis of BEAM exhibits that the Moving Average Convergence Divergence (MACD) line is briefly above the signal line, indicating a positive sentiment. The momentum should gain strength to confirm the uptrend. Besides, the Chaikin Money Flow (CMF) indicator is found at -0.27, suggesting that the money is flowing out of the asset. Also, moderate selling pressure is present in the market, with potential price weakness.  BEAM chart (Source: TradingView) Notably, the recent trading session reported a brief period of bullish momentum. The price might move up and find its nearby resistance at $0.006059. If the upside correction strengthens, BEAM could steadily climb toward the subsequent resistance mark at $0.006065. Upon breaking this range, the bulls may likely trigger more gains ahead.  On the downside, if the asset’s uptrend fades, it might fall toward the immediate support at the range of $0.006049. Assuming BEAM fails to hold this price level, the potent bears could lead to a steeper drop and reach its key support below the $0.006048 zone. Further downside correction may push the price to its former lows. BEAM chart (Source: TradingView) BEAM’s current market sentiment is neutral to mildly bullish as the daily Relative Strength Index (RSI) is staying at 55.68. It hints that there is room for upward movement if buying pressure increases. Furthermore, the Bull Bear Power (BBP) value of 0.000094 signals a near balance between bullish and bearish forces. Highlighted Crypto News REX Solana Staking ETF Shines on Debut with $33M Volume

Bitcoin Recovers From Sub-$108K Drop, Ethereum Maintains $2.6K (Market Watch)

Bitcoin’s price actions took a turn for the worse on Monday evening with a price slip to $107,500 but the asset has managed to recover most losses since then. The altcoins are slightly in the red on a daily scale, including the recent high-flyer HYPE, which has lost some steam after the latest ATH. BTC Back to $109.5K History was made last Wednesday when, after a few days of substantial volatility and rejection below the $107,000 level, the primary cryptocurrency managed to break through and shot past its January 2025 all-time high of around $109,100. The asset flew to $109,800 that day but was quickly stopped and driven south by around three grand. However, that correction was short-lived as the bulls resumed control of the market and initiated an even more impressive leg up on Thursday – the so-called Bitcoin Pizza Day. Back then, BTC skyrocketed to almost $112,000 to chart a fresh all-time high. Trump’s tariff recommendations against the EU on Friday brought some pain and uncertainty to the market, as BTC slipped back down to $107,500. However, it defended that level and stood just above it during the weekend. Bitcoin started to gain traction again on Monday and jumped to a daily high of $110,500 before it slumped to $107,500 later in the evening. As of now, though, it has recovered most losses and stands around $109,500. Its market cap has remained close to $2.180 trillion on CG, while its dominance over the alts is at 61%. BTCUSD. Source: TradingView ETH Stable at $2.6K Most altcoins have charted some losses over the past day, including HYPE, which has retraced since its latest all-time high by 3.5%. SUI has slipped by a similar percentage, while XRM and PI are down by 5.5% and 4.3%, respectively. Ethereum has maintained the $2,600 level after a near 2% increase since yesterday. BNB and TRX are also slightly in the green. QNT is the only double-digit price gainer from the top 100 alts, followed by TKX (7%), VIRTUAL (7%), and INJ (6%). The total crypto market cap has remained at essentially the same level as yesterday, at around $3.570 trillion. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Bitcoin Recovers From Sub-$108K Drop, Ethereum Maintains $2.6K (Market Watch) appeared first on CryptoPotato.