Bitcoin, Ethereum Reverse CPI-Fueled Gains as Strategy Stays Quiet: Your Weekly Crypto Recap

• Bitcoin experienced volatility, dipping below $62,000 due to significant sales and geopolitical tensions, but rebounded to around $64,000 after positive US CPI data showed inflation dropping to 3.5%.
• Despite a brief rally to $65,500, Bitcoin's price fell again to $62,400, ending the week down over 2%, while many altcoins faced even steeper losses.
• Key developments included Trump’s new strategy against Iran impacting risk assets, Crypto.com securing $400 million in funding, and ongoing discussions about Bitcoin's future amid mixed market sentiments.

https://cryptopotato.com/bitcoin-ethereum-reverse-cpi-fueled-gains-as-strategy-stays-quiet-your-weekly-crypto-recap/

Shiba Inu (SHIB) News Today: July 17th

• Shiba Inu (SHIB) gained attention with Rakuten Wallet's addition of a physical SHIB coin, but the community was disappointed by the exclusion of SHIB from T. Rowe Price's new crypto ETF.
• The SHIB ecosystem is facing significant setbacks, with a sharp decline in transaction activity on Shibarium and a 54% drop in the burning rate over the past week.
• Despite a 17% monthly price decline and a 95% drop from its all-time high, the number of SHIB wallets has surged to nearly 1.7 million, indicating continued community growth.

https://cryptopotato.com/shiba-inu-shib-news-today-july-17th/

Is the Worst Over for Bitcoin? New Analysis Examines Whether $57.7K Marked the Bottom

• BIT's recent market update suggests that Bitcoin's drop to around $57,700 may signal the end of its bear market phase, although uncertainty remains about whether this is a true bottom or a temporary pause.
• The firm's analysis indicates that Bitcoin's price movements have largely followed their predicted Elliott Wave A-B-C correction pattern, with significant influences from geopolitical tensions and US monetary policy.
• Contrarily, some analysts, like CryptoQuant's IT Tech, argue that declining Bitcoin ETF flows in 2026 indicate a bearish trend, questioning the sustainability of any recent price recoveries.

https://cryptopotato.com/is-the-worst-over-for-bitcoin-new-analysis-examines-whether-57-7k-marked-the-bottom/

CASHCAT Plummets 65% in a Week: The Doom of Another Meme Coin or New Pump Loading?

• CASHCAT, a cat-themed meme coin, surged 2,000% in July due to its association with Robinhood and Binance but has since dropped over 65%.
• Traders have capitalized on the decline, with one reportedly making over $500,000 in unrealized profits from shorting the token, while others faced significant losses.
• The sudden drop has led to speculation about CASHCAT being a scam, with many users expressing skepticism about its long-term viability and comparing it to other volatile meme coins.

https://cryptopotato.com/cashcat-plummets-65-in-a-week-the-doom-of-another-meme-coin-or-new-pump-loading/

Bitcoin’s Surprising Reaction to Trump’s Iran Threats and Rising US Margin Debt

• Bitcoin rebounded from a low of $62,400 to above $64,000 despite negative reports regarding the US/Israel-Iran conflict and rising US margin debt.
• Tensions in the Middle East escalated with the US planning to send more refueling planes to Israel and potential attacks on Iranian infrastructure, causing oil prices to surge.
• US margin debt reached a record $1.5 trillion, indicating that investors are highly leveraged, which could pose risks to the market amid ongoing geopolitical tensions.

https://cryptopotato.com/bitcoins-surprising-reaction-to-trumps-iran-threats-and-rising-us-margin-debt/

ZachXBT’s Hardware Wallet Criticism Ignites Debate Over Crypto Self-Custody

• ZachXBT criticized hardware wallets as "complete garbage" for serious crypto use, suggesting a spare iPhone as a better alternative for signing transactions.
• The debate sparked responses from security researchers and wallet developers, highlighting concerns about single points of failure and advocating for improved features in software wallets.
• Hardware wallet companies defended their products, emphasizing the security benefits of dedicated devices that keep private keys away from internet-connected environments.

https://cryptopotato.com/zachxbts-hardware-wallet-criticism-ignites-debate-over-crypto-self-custody/

XRP’s Road to a $1 Trillion Market Cap: Analyst Says ‘Kaboom 4’ Has Begun – How Realistic Is It?

• EGRAG CRYPTO predicts XRP could reach a market cap of $1 trillion, citing historical patterns and key support levels that need to be maintained for a bullish trend.
• The analyst identifies a potential price surge to over $10 for XRP, but acknowledges that achieving a market cap of $955 billion would require a significant 1,250% increase from its current valuation.
• While the targets seem ambitious given the current market conditions, Ripple's recent growth and strategic moves could provide the necessary support for such a rally, contingent on improved market sentiment and investor interest.

https://cryptopotato.com/xrps-road-to-a-1-trillion-market-cap-analyst-says-kaboom-4-has-begun-how-realistic-is-it/

FTX to Pay Creditors Another $900 Million: Here’s Who Gets the Money

• FTX will initiate its fifth creditor distribution on July 31, totaling $900 million, bringing total repayments to over $10 billion since its bankruptcy.
• Eligible creditors will receive payments through BitGo, Kraken, or Payoneer, with amounts varying by class; some creditors may receive up to 120% of their approved claims.
• Former CEO Sam Bankman-Fried's request for clemency was unanimously rejected by the Senate, following his conviction for fraud and conspiracy related to the misallocation of customer funds.

https://cryptopotato.com/ftx-to-pay-creditors-another-900-million-heres-who-gets-the-money/

Bitcoin Volatility Alert: Is BTC in for a Rollercoaster Ride Soon?

• Bitcoin's price has remained stagnant between $58,000 and $65,000 for months, with recent movements showing little indication of a breakout.
• Analyst Ali Martinez noted that a significant amount of dormant Bitcoin has moved on-chain, historically signaling potential major market volatility.
• Other analysts, including Kaleo and Michaël van de Poppe, suggest a possible upward breakout above $65,000 could occur soon, with expectations of a weekend price increase.

https://cryptopotato.com/bitcoin-volatility-alert-is-btc-in-for-a-rollercoaster-ride-soon/

Pi Network’s PI Shows Resilience After Recent Crash as Bitcoin Eyes $64K: Weekend Watch

• Bitcoin's price dipped below $62,000 but rebounded to challenge $64,000, following a positive reaction to lower-than-expected inflation data.
• Most larger-cap altcoins remained stable, with Cardano seeing a notable increase of over 4.5%, while Pi Network's token rebounded after hitting all-time lows.
• The total cryptocurrency market capitalization rose by approximately $30 billion, reaching over $2.270 trillion.

https://cryptopotato.com/pi-networks-pi-shows-resilience-after-recent-crash-as-bitcoin-eyes-64k-weekend-watch/

Bitcoin’s Coinbase Premium Has Been Negative for 60 Days – Why It Matters

• Bitcoin has traded at a consistent discount on Coinbase compared to Binance for over two months, indicating weak US spot demand.
• The Coinbase Premium Index has remained negative for a record 60 consecutive days, reflecting a lack of institutional interest from US investors.
• Despite a significant price drop, Bitcoin has shown resilience by maintaining key price levels above $60,000, suggesting strength even without substantial US capital inflow.

https://cryptopotato.com/bitcoins-coinbase-premium-has-been-negative-for-60-days-why-it-matters/

The ETF Battle Between Gold and Bitcoin: Is BTC Really Losing?

• Gold and silver started 2026 strong but faced significant losses, with the GLD ETF experiencing a record $14.4 billion in outflows since March.
• Bitcoin ETFs also saw substantial withdrawals, totaling over $8 billion in two months, contributing to a decline in BTC's price from $83,000 to a low of $57,700.
• Analysts speculate that the gold market may be poised for a comeback as July's outflows from GLD decreased significantly, while BTC's future remains uncertain amid ongoing investor skepticism.

https://cryptopotato.com/the-etf-battle-between-gold-and-bitcoin-is-btc-really-losing/

Analyst Says Long-Term Bullish Setup Could Take Ethereum to $22K

• Ethereum (ETH) may be entering a bullish phase that could see its price rise to between $12,000 and $22,000, according to analyst NoName, who identifies a long-term expanding diagonal pattern in its price chart.
• Another analyst, Crypto Patel, suggests that ETH is following a Wyckoff accumulation pattern, potentially reaching $10,000 by 2027 or 2028, contingent on maintaining support above $1,500.
• Despite recent gains, some analysts warn of a possible drop below $1,500 before a more stable recovery, highlighting mixed market sentiments.

https://cryptopotato.com/analyst-says-long-term-bullish-setup-could-take-ethereum-to-22k/

Here Are Four Important Crypto Stories You Might Have Missed This Week

• A consultant linked to North Korea was found to have worked with MetaMask, prompting an investigation by Consensys, which found no evidence of data theft or malicious activity.
• The Rotterdam court declared the crypto exchange Knaken bankrupt due to missing customer funds, raising concerns about the effectiveness of the EU's new MiCA regulations.
• Injective submitted a Form TA-1 to the SEC to register as a transfer agent, aiming to connect public blockchains with regulated US capital markets for tokenized securities.

https://cryptopotato.com/here-are-four-important-crypto-stories-you-might-have-missed-this-week/

Ethereum Price Analysis: $2K Dream Remains on the Table as ETH Defends Key Levels

• Ethereum is currently trading below key resistance levels, with recent price action indicating a struggle to maintain upward momentum after a pullback into the $1.75K-$1.85K support zone.
• The asset must hold above this demand zone to potentially reach the significant resistance cluster between $2K and $2.15K, which aligns with long-term trendlines and moving averages.
• A large concentration of short liquidations exists around the $1.95K-$2K region, suggesting a possible liquidity grab before facing selling pressure, while a breakout above this area could signal a bullish reversal.

https://cryptopotato.com/ethereum-price-analysis-2k-dream-remains-on-the-table-as-eth-defends-key-levels/

Sports Events Push Prediction Market Trading to Record Highs in June

• Notional volume on prediction markets surged to $113.8 billion in Q2 2026, a 48.7% increase from the previous quarter, with June alone reaching a record $50.7 billion.
• The spike was largely driven by major sporting events, with sports-related contracts on Polymarket accounting for 81% of trading volume in June, despite a decline in its market share.
• Cboe Global Markets launched a new prediction markets platform, and Meta is developing a prediction app called Arena, indicating growing interest from Wall Street and Big Tech in the prediction markets space.

https://cryptopotato.com/sports-events-push-prediction-market-trading-to-record-highs-in-june/

a16z Reveals What TradFi Really Wants From Blockchain

• TradFi institutions are adopting blockchain technology to enhance operational efficiency rather than embracing decentralization, focusing on cost reduction and improved customer relationships.
• Institutions are selectively integrating elements of DeFi that align with their regulatory and operational needs, creating a new form of programmable financial infrastructure distinct from both traditional finance and current DeFi.
• The report emphasizes that while institutional adoption is significant, the broader potential of the crypto industry extends beyond traditional financial institutions, highlighting the importance of innovations from open, permissionless ecosystems.

https://cryptopotato.com/a16z-reveals-what-tradfi-really-wants-from-blockchain/

XRP Has Stayed in Crypto’s Top 10 for 13 Straight Years – No Other Altcoin Has Done This

• Ripple's XRP is the only cryptocurrency, alongside Bitcoin, to remain in the top 10 by market cap for 13 consecutive years, despite market fluctuations.
• The CoinGecko report highlights the significant changes in the cryptocurrency market since 2014, with many former top projects falling out of favor.
• XRP's resilience includes surviving major market downturns and regulatory challenges, including a prolonged battle with the SEC that led to its delisting from numerous exchanges.

https://cryptopotato.com/xrp-has-stayed-in-cryptos-top-10-for-13-straight-years-no-other-altcoin-has-done-this/

This Rare Bitcoin Signal Preceded a 700% Rally: Is History About to Repeat?

• Bitcoin is attempting to recover to $65,000 after a significant drop, with a bullish RSI divergence indicating potential for a major rally similar to past performance.
• Analyst Ali Martinez notes that the last occurrence of this signal preceded a rise from around $16,000 to over $126,000, suggesting a possible future peak of $500,000 if history repeats.
• Analysts recommend buying at current levels as a strong opportunity, cautioning against waiting for a potential dip to $40,000, which could lead to missed chances for investment.

https://cryptopotato.com/this-rare-bitcoin-signal-preceded-a-700-rally-is-history-about-to-repeat/

This Week’s Biggest Gainers and Losers Revealed as Bitcoin (BTC) Aims at $65K: Weekend Watch

• Bitcoin has approached $65,000 after recovering from a dip to $63,700, with its market cap nearing $1.3 trillion and dominance over altcoins exceeding 57%.
• Ethereum has seen a 4.2% increase over the week despite a recent drop, while ZEC, LTC, ONDO, and CRO have also posted notable gains.
• The total cryptocurrency market cap has risen by approximately $60 billion in the past week, now exceeding $2.270 trillion.

https://cryptopotato.com/this-weeks-biggest-gainers-and-losers-revealed-as-bitcoin-btc-aims-at-65k-weekend-watch/

CLARITY Act Odds Crash to 31% After Trump Push Fails to Break Senate Deadlock

• Donald Trump's 2024 presidential campaign emphasizes favorable regulatory frameworks for the cryptocurrency industry, with the CLARITY Act being a key focus after passing the Senate Banking Committee.
• The bill aims to clarify jurisdiction between the SEC and CFTC over crypto assets but faces challenges due to the need for bipartisan support and demands from Democrats for restrictions on senior officials profiting from crypto.
• Odds for the bill's passage have dropped significantly from over 70% to approximately 31% amid ongoing legislative struggles and the looming November midterm elections.

https://cryptopotato.com/clarity-act-odds-crash-to-31-after-trump-push-fails-to-break-senate-deadlock/