BTC starts week near record high as 80K BTC moves after 14 years
The post BTC starts week near record high as 80K BTC moves after 14 years appeared on BitcoinEthereumNews.com.
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Bitcoin held up over the holiday weekend to notch its highest-ever weekly finish on Sunday at $109,263. The move capped a strong rebound from late-June profit-taking, driven by solid institutional flows and bullish momentum. During the shortened trading week, spot bitcoin ETFs posted net inflows of $667 million, a strong show of demand despite quieter volumes around the Fourth of July US trading break. Markets are now looking ahead to next week’s big macro events, with June CPI and PPI reports expected to clarify the inflation path and the Fed’s likely stance for the rest of 2025. Over the past few weeks, the consensus has shifted to two rate cuts as most probable over three. This week is lighter on data, but rates markets are pricing in minimal odds of a July move and growing debate over whether any cuts can happen at all before year end. Meanwhile, the Trump administration has intimated it will postpone its tariff implementation deadline to August. “Crypto Week?” On the policy front, US lawmakers are preparing for what some have dubbed “Crypto Week.” Starting July 14, House Financial Services Chair French Hill (R-AR) and House Agriculture Chair GT Thompson (R-PA) will plan a series of votes related to the Digital Asset Markets Clarity Act — the market structure bill — and the GENIUS Act, also known as the stablecoin bill. The latter was already passed by the Senate with bipartisan support. Ahead of that, the Senate Banking Committee is set to hold a hearing on Wednesday, July 9, titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets.” The hearing is set to include testimony from Blockchain Association CEO Summer Mersinger, Chainalysis CEO Jonathan Levin, Paradigm’s Dan Robinson, and Ripple CEO Brad…
Filed under: News - @ July 7, 2025 5:27 pm