✅ The price of Bitcoin reached $100,000 for the first time in history, marking a milestone for the crypto market, however, later BTC price corrected to $92k at one point liquidating more than $810 million in leveraged longs 🫡

Daily Digest:

🔸 Circle, the USDC issuer, laid off 6% of its workforce

🔸 Donald Trump congratulates everyone with BTC hitting $100k 🎉

🔸 The “Hawk Tuah” girl launched a meme coin, and... It rugged

🔸 Chinese selfie app developer Meitu has cashed out all of its crypto holdings

🔸 SEC defends amended suit against Binance, CZ over securities claims

🔸 After Bitcoin hit $100k FT Alphaville took a moment to apologize for 13 years of consistently negative coverage 😐

🔸 In the past month, 9 Ethereum ETFs have accelerated their holdings of $ETH, totaling $1.42 billion

🔹 Prices:

🥇 Bitcoin - $97,079 (↓1.7%)
✨ Ethereum - $3,791 (↓1.1%)
🧪 S&P 500 - 6,075 (↓0.19%)
🕗 DXY - 105.72 (↓0.56%)
🌉 Gold - 2,632 (↑0.04%)

Same guy, same chart, 11 years apart 🥹

• In 2013, he was celebrating Bitcoin at $100

• In 2024, he's celebrating Bitcoin at $100,000

Bitcoin has been declared dead thousands of times by hundreds of media outlets, yet here we are 🤑

What happened yesterday was a massive liquidation of late longs 🔽

Bitcoin rose to $103,040 and then plunged 11.3% to $92,000, punishing those who decided to open long positions after the $100,000 breakout 📉

📆 The funny thing about this situation is that this has happened before, the first time Bitcoin topped the $1,000 mark for the first time and the second time at the $10,000 breakout.

Lesson: After the price of an asset reaches a long-awaited price with a round number that serves as an important psychological marker - be prepared for a quick price reversal 👨‍🏫

🇨🇿 The Czech Republic has formally abolished capital gains tax on Bitcoin holdings maintained for over three years, marking a significant step in the country’s approach to crypto regulation.

While the Czech government is incentivizing its citizens to hold bitcoins, the French government is encouraging its citizens not to buy the crypto at all with its socialist approach 🤦‍♂️

BlackRock’s iShares Bitcoin Trust (IBIT) saw inflows exceeding $2.5 billion over the past five days 🤑

This surge has elevated the fund’s total Bitcoin holdings to over $51 billion 📈

Ethereum is back above $4,000 🎉

ETH trades at $4,085, up 7.2% in the last 24 hours 📈

Today, inflows in spot ETH ETFs have reached a new record 📊

It’s Ethereum season

✅ Bitcoin regained $100k after yesterday's sudden 11% drop, ETH is finally trading above $4k again, and altcoins are pumping as BTC dominance wanes 🕯

Daily Digest:

🔸 "We think our end-2025 Bitcoin price target around the $200,000 level is achievable," says Standard Chartered’s Global Head of Digital Assets Research 

🔸 Czech residents would not have to pay taxes for selling digital assets held for more than three years 🇨🇿

🔸 Nansen has partnered with Gravity blockchain to provide data and analytics

🔸 Turns out U.S. banking regulator has been instructing banks not to handle crypto business

🔸 BlackRock’s iShares Bitcoin Trust (IBIT) saw inflows exceeding $2.5 billion over the past five days

🔸 Pudgy Penguins NFT collection has introduced its official coin $PENGU 🐧

🔸 SEC has notified at least two of the five prospective issuers that it will reject their filings for the SOL spot ETFs

🔸 U.K. restricted access to Pump․ fun memecoin launchpad

🔹 Prices:

🥇 Bitcoin - $100,238 (↑2.8%)
✨ Ethereum - $4,002 (↑4.7%)
🧪 S&P 500 - 6,090 (↑0.25%)
🕗 DXY - 105.97 (↑0.24%)
🌉 Gold - 2,633 (↑0.05%)

Join our chat 🗯

One can only wonder if "Fartcoin" is a responsible investment 😅

Latest report of the U.S. Treasury labels Bitcoin as “digital gold,” highlighting its role as a store of value in the DeFi ecosystem 🥇🥇

The acknowledgment underscores Bitcoin’s legitimacy and could drive greater institutional adoption 👍

This is very, very, very good news

With the team almost fully assembled, it's interesting to note that most of the people in the Trump administration are multi-billionaires 💰

Over the past 30 days, a net value of 94,000 BTC has been purchased via spot Bitcoin ETFs 📊

That's a net inflow of almost 10 billion dollars in one month, just think about it...

The Syrian government have fallen in a stunning end to the 50-year rule of the Assad family after a lightning rebel offensive 🇸🇾

Rebels captured Capital of Syria Damascus, saying President Assad has fled

Unconfirmed information is being circulated about the sudden descent of the plane that was reportedly carrying Bashar Assad after it disappeared from radar ✈️

The Syrian Air IL-76 aircraft’s altitude dropped suddenly, and it seems it was shot down 👀

When to hold and when to sell ⌚️

• Before buying any crypto, decide how much profit would feel like "enough". For example, if you buy at $1, consider selling some at $2 to lock in a profit, while still holding some if you believe in long-term growth.

• Selling enough to recoup your initial investment can reduce stress. You'll have secured your initial funds, leaving the rest as pure profit potential.

• Keep an eye on market sentiment. If a sudden downturn breaks key price levels, consider placing a stop-loss order about 10-20% below the current price to limit losses. Remember: Knowing when to sell is just as important as knowing when to buy.

🤷‍♀️ Selling at a loss is okay, it's not okay to marry your pockets and decide to hold a coin while it drops 99% while waiting for a recovery

• Don't panic over small dips if you believe in the future of the project. Over time, you can adjust these profit targets and stop-loss levels based on experience and risk tolerance.

• Plan your exits in advance. This will help you avoid emotional decisions and improve your long-term results.

Buy Bitcoin and Ethereum. This way you play it safe and almost guarantee yourself some profits in the future ↗️

#FAQ

✅ Bitcoin hit a new all-time high of $103,600 this week, Ethereum traded above $4,000 for the first time in months, and altcoin season is in full swing ↗️

Weekly news digest:

💎 Crypto

🔸 Pudgy Penguins NFT collection has introduced its official coin $PENGU

🔸 Fed Chair Jerome Powell said "Bitcoin is just like gold, except it's digital. Bitcoin is used as a speculative asset; it's a competitor with gold, not the US dollar
 
🔸 Trump nominates Paul Atkins to replace Gensler as SEC chair

🔸 Grayscale filed to convert Solana trust into spot ETF
 
🔸 MicroStrategy bought 15,4k more bitcoins with an average price of $95,976

🔸 Nike-owned NFT collection RTFKT is winding down

🏦 Crypto Exchanges

🔸 Japanese crypto exchange DMM Bitcoin plans to cease operations after a $300 million hack

🔸 Approximately 14.8M BTC are considered "illiquid", which is 75% of the circulating supply - new ATH

💵 Finances and Economy

🔸 Syria's government has fallen, rebels have seized power, Bashar al-Assad has fled to Moscow.

🔸 Turns out U.S. banking regulator has been instructing banks not to handle crypto business

🔸 Circle, the USDC issuer, laid off 6% of its workforce

🔸 Chinese selfie app developer Meitu has cashed out all of its crypto holdings

🔸 WisdomTree files with SEC for spot XRP ETF

⚖️ Law and Order

🔸 Czech residents would not have to pay taxes for selling digital assets held for more than three years

🔸 SEC has notified at least two of the five prospective issuers that it will reject their filings for the SOL spot ETFs

🔸 SEC defends amended suit against Binance, CZ over securities claims

🔸 Celsius CEO Alex Mashinsky to plead guilty to two charges in plea deal

🗣 Personalities

🔸 The “Hawk Tuah” girl launched a meme coin, and... It rugged

🔸 Citadel CEO Ken Griffin regrets not investing in crypto, claims prices are 100 times higher now

🔸 South Korean President Yoon first declared martial law in the country, then announced he was lifting it

🚀 Best performers of the week:

BGB - $2.59 (↑60.3%)
JASMY - $0.0469 (↑52.9%)
HYPE - $13.43 (↑51%)

🔒 Top 7 Token Unlocks of the Upcoming Week

The total value of tokens unlocked this week will exceed $276 million. As usual APT tops the top and this may be one of the reasons why the token underperforms many altcoins 👇

• Aptos (APT) — $161.20M
• StarkNet (STARK) — $48.23M
• Moca (MOCA) — $17.36M
• Delysium (AGI) — $16.09M
• XAI Games (XAI) — $14.38M
• io. net (IO) — $12.35M
• Highstreet (HIGH) — $6.61M

#unlocks

Long-term Bitcoin holders have sold 827,700 bitcoins in the last 30 days worth around $90 billion at the time of selling 🕵️‍♂️

These massive sales follow a massive BTC sell-off when we first updated the ATH earlier this year.

It's important to note that we didn't drop much after the first sell-off, it remains to be seen what happens after the second one 😳

Bitcoin is back above $100,000 📈

In the last 24 hours, more than $413 million of long positions have been liquidated from the market 📊

This is good, because this way the long side trade is less overcrowded and we have more room for growth

🤑 Microstrategy bought 21,550 bitcoins at an average price of $98,783 during the last week. In total, about $2.1 billion was spent on this purchase 💸