Monat: Juli 2025

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Bitcoin Cash up 7% as bulls defy BTC dump, eye gains on rising volume

  • Bitcoin Cash has seen a notable surge in the past 24 hours, gaining 8% to $554.
  • The altcoin sees gains as Bitcoin price dumps amid massive sell-off pressure.
  • With trading volume up 44% and rising open interest also surging, BCH could defy the benchmark asset’s dip further and eye highs last seen in December 2024.

The Bitcoin Cash (BCH) price currently stands at approximately $551.

While it’s off its intraday highs of $554, it remains above the $550 mark, up as one of the top gainers in the past 24 hours.

According to CoinMarketCap, this comes as Bitcoin’s latest correction has many altcoins also showing weakness.

Bitcoin Cash defies BTC dump with 7% gain

BTC dropped to below $115k after Galaxy Digital, a prominent crypto investment firm, offloaded 30,000 BTC in under 24 hours.

Liquidations spiked amid the Bitcoin dump, but Bitcoin Cash looked to buck the trend.

Its intraday gains of over 8% see it rank among the top performers in the 100 largest cryptocurrencies by market cap.

Bitcoin Cash price chart by CoinMarketCap

Notably, gains keep BCH in an uptrend over the longer time frames. The altcoin’s price is on an upward trajectory since touching lows of $268 in April 2025.

Also, the price gain amid a 44% increase in trading volume to over $870 million suggests potential buying pressure.

Crypto analyst CW points to increased whale interest, particularly in China.

Is BCH poised for a rally to $1,000?

BCH price last traded at $1,000 in May 2021, at the time when bears pushed it lower from above $1,427.

In the past year, an attempt by buyers to reclaim the level fizzled out at around $624 in December 2024.

While the cryptocurrency has struggled for upside momentum, analysts are increasingly optimistic about Bitcoin Cash’s potential to rally toward $1,000.

Other than the overall long-term bullish sentiment around crypto, the short-term picture highlights robust market metrics and technical outlook.

BCH price chart by TradingView

For instance, open interest in BCH derivatives has jumped 24% to $533 million, with volume 28% up to over $1.3 billion.

A surge in speculative activity signals bullish confidence in the token’s price.

The technical picture further bolsters this bullish outlook.

The Relative Strength Index (RSI) currently reads 63.

Meanwhile, the Moving Average Convergence Divergence (MACD), is also flashing a bullish crossover to hint at potential short-term upward pressure.

If bulls manage a breakout to the supply wall at $540-$565, they could retest the $620-$650 area.

Above this, resistance above $700 could allow bulls to target $1,000. Conversely, support lies around $480 and then $380.

The post Bitcoin Cash up 7% as bulls defy BTC dump, eye gains on rising volume appeared first on CoinJournal.

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TRX price forecast as Tron lists TRUMP and Tron Inc. goes public on Nasdaq

  • TRON Inc. has been publicly listed on Nasdaq, boosting TRX market visibility.
  • TRON has integrated the TRUMP memecoin with cross-chain LayerZero support.
  • TRX holds bullish momentum with $0.33 as the key short-term target.

The TRON ecosystem is experiencing a defining moment in its evolution as a blockchain platform.

Following the launch of the politically themed TRUMP token and the landmark public listing of Tron Inc. on the Nasdaq, investor attention has sharply turned toward TRX, the native token of the TRON network.

Notably, these events, alongside strong Q2 growth metrics, are reshaping short-term and long-term expectations for TRX’s price trajectory.

Tron Inc. goes public, drawing Wall Street’s attention

TRON founder Justin Sun rang the opening bell at the Nasdaq MarketSite in Times Square this July, marking the public debut of Tron Inc. (Nasdaq: TRON), a newly formed entity resulting from a reverse merger with SRM Entertainment.

Formerly a toy supplier to entertainment giants like Disney and Universal, SRM now maintains its original business while adding a crypto-focused strategy under the Tron Inc. banner.

Tron Inc. currently holds more than 365 million TRX tokens, making it the largest public holder of TRX. At press time, the holding was valued at approximately $115 million.

This level of exposure has significantly raised the profile of TRX in traditional financial markets despite shares of Tron Inc. closing at $8.74, down over 10%, hinting at market volatility amid the transition.

TRUMP token expands TRON’s political footprint

Adding further momentum to TRON’s ecosystem, the blockchain recently integrated the $TRUMP token, leveraging LayerZero’s Omnichain Fungible Token (OFT) standard and Stargate Finance’s cross-chain infrastructure.

This move allows $TRUMP to flow seamlessly across blockchains without needing bridges or wrapped tokens, offering a scalable, low-fee environment ideal for mass adoption.

TRON’s DAO views this integration not just as a listing but as a cultural step forward, signalling support for politically resonant digital assets.

Alongside the rising profile of MAGACOIN Finance, the addition of $TRUMP underscores TRON’s willingness to embrace community-driven tokens with real-world themes.

This trend could continue, further expanding TRON’s reach in the altcoin and DeFi space.

Strong Q2 numbers back the bullish case for TRON

TRON’s recent performance reinforces its bullish foundation. According to data from Messari, the network’s market cap surged by 17% to $26.5 billion in Q2, while revenue climbed over 20% to reach $915.9 million.

Stablecoins remain at the heart of this growth, especially USDT, which accounts for over 99% of TRON’s stablecoin volume.

TRON now facilitates over $21.3 billion in daily stablecoin transfers, a jump of 11.6% from the previous quarter.

Activity across the chain has also grown, with daily transactions rising 12.6% to 8.6 million and active addresses reaching 2.5 million.

The recent Stake 2.0 upgrade helped push the staking ratio to 47.1%, reinforcing long-term investor confidence.

Although DeFi metrics were mixed, with TVL dipping slightly to $4.6 billion, decentralised exchange volumes rose by 25%, led by SUN V3, indicating that traders remain active even as overall DeFi values fluctuate.

TRX price eyes higher targets amid the steady uptrend

Technically, TRX has maintained an upward trend since late June, bouncing off key support levels and forming consistent higher lows.

After reaching a recent high near $0.335, the token underwent a healthy correction but quickly found strong support around $0.3067.

This level, near the 100-period moving average and an established trendline, continues to hold firm.

The current price hovers around $0.3149, and short-term momentum suggests another upward push may be in play.

If TRX can maintain this bullish structure, analysts anticipate a return to the $0.33–$0.335 zone, which has acted as both a resistance and previous high.

Actually, some data analysts like CW believe the next target for $TRX is $0.38, which is the 1.618 Fibonacci.

Traders should closely watch the $0.3067–$0.31 range for any sign of weakness.

A breakdown could signal a deeper correction toward $0.29 as outlined by CoinLore.

However, as long as the price stays above trend support, the bulls remain in control, and this scenario is more likely given the increased exposure from Tron Inc.’s Nasdaq listing and TRON’s expanding utility.

The post TRX price forecast as Tron lists TRUMP and Tron Inc. goes public on Nasdaq appeared first on CoinJournal.

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Bitcoin drops to $115k as Galaxy Digital dumps 30,000 BTC

  • Bitcoin price fell 3% to below $115k, with intraday lows of $114,750.
  • Galaxy Digital has deposited over 30,000 BTC.
  • Lookonchain shared on-chain details indicating Galaxy sold over 10k on Binance, OKX and Bybit.

Bitcoin (BTC) fell sharply on Friday, touching lows near the $115,000 mark, as analysts pointed to a sell-off by a long-dormant Bitcoin whale.

Bitcoin, which recently hit an intraday high of $123,000, gave up gains to trade as low as $114,759 — down 3% over 24 hours.

The move marked its lowest level in two weeks, last seen on July 10, when BTC surged from $110,000.

Why did the Bitcoin price fall sharply today?

Bitcoin, which had recently consolidated in the $117,000–$118,000 range as altcoins outperformed, broke below key support levels to hit a multi-week low amid heavy selling pressure.

The decline follows on-chain activity suggesting that a long-dormant wallet, active for the first time in 14 years, moved 80,000 BTC to exchanges through Galaxy Digital.

Data indicates the holdings may have been offloaded in the past 24 hours.

“Note that Galaxy Digital has deposited over 10,000 $BTC ($1.18B) to exchanges in the past 8 hours! The 10,000+ $BTC comes from the Bitcoin OG holding 80,009 $BTC($9.68B),” Lookonchain posted on X.

Lookonchain then shared an update showing over 30k BTC sent to exchanges, including Binance, OKX and Bybit. Currently, Galaxy has transferred over 30k BTC to exchanges.

Also notably, Galaxy withdrew $1.15 billion USDT from exchanges after the BTC deposits.

Over $518 million liquidated

Per details on Coinglass, the BTC sell-off has erased over $518 million in leveraged positions within the last 24 hours.

Most of these are longs at over $380 million, with more than $135 million of it in bullish bets on BTC wiped out.

The whale’s activity is thus likely to have an impact, largely panic selling that could further push prices lower.

Liquidations mounting will see more longs taken out, with some like AguilaTrades already seeing millions in potential profits disappear.

What’s next for the Bitcoin price?

According to crypto analyst Captain Faibik, while bulls may yet retain the upper hand, a breakdown is likely.

The analyst points to a falling wedge pattern and says a daily close below $113k could confirm this negative outlook.

However, if BTC holds steady and moves toward $118k, a decline in selling pressure may allow buyers to retest key supply zone areas.

As the market reacts to the Bitcoin price drop, investors may want to position themselves amid buy-the-dip opportunities.

In this case, Bitcoin’s next move is very much a key factor.

The post Bitcoin drops to $115k as Galaxy Digital dumps 30,000 BTC appeared first on CoinJournal.

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XCN price forecast: will bulls rally ahead of Onyx V2 launch?

  • Onyxcoin (XCN) price is around $0.015, down 19% over the past week.
  • XCN is under pressure as the broader market battles fresh selling as traders book profits.
  • Onyx V2’s anticipated launch and the regulatory clarity provided by the CLARITY Act could be a bullish catalyst.

Onyxcoin (XCN), the native token of the web3 protocols ecosystem Onyx, is experiencing the downside pressure that currently engulfs the broader crypto market. Celestia is among the altcoins to see 24-hour losses.

As of writing, XCN is trading at $0.01538, with a 24-hour trading volume of over $38 million.

While the market cap has dipped to $527 million, the slight uptick in daily volume indicates a notable level of market interest.

Onyx eyes traction with V2 ahead of CLARITY law

The Onyx ecosystem is gearing up for a significant upgrade with the impending launch of Onyx V2, aimed at enhancing compliance and functionality.

According to a recent announcement by OnyxDAO on X, the launch of Onyx V2 is designed to meet the highest compliance standards under the United States’ crypto markets regulation CLARITY Act.

The CLARITY Act, formally known as H.R. 3633, aims to provide a clear regulatory framework for digital assets by distinguishing between digital commodities, securities-like assets, and stablecoins.

As Onyx notes in its post on X, the V2 rollout will position XCN “as a Digital Commodity Token within a Mature Blockchain System.”

Potentially, this means broadening the project’s appeal to institutional investors amid broader regulatory compliance.

Onyx has cautioned the community that there will be no token swaps, with users asked to beware of scams and fake airdrops.

Onyxcoin price outlook

The anticipation surrounding Onyx V2 could spark considerable interest in XCN, hence catalyzing an upward flip.

Among market outlook indicators traders are watching to gauge potential price movements is open interest.

While XCN derivatives have seen a slight decrease in OI, the weighted funding rate remains positive. Derivatives volume, which reflects trading activity in futures and options, has also fallen 14% to around $25 million.

From a technical point of view, indicators on the daily chart further support a short term bearish strength.

The Relative Strength Index (RSI) for XCN is currently at 43, not yet oversold. However, it is downsloping to suggest sellers could gain momentum.

Onyxcoin XCN Price
XCN price chart by TradingView

Meanwhile, the Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the MACD line crossing below the signal line. XCN price is also near the support line of a falling wedge, and a drop could extend losses.

Interestingly, Onyxcoin is down 19% over the past week and has pared most of the gains seen when price jumped to highs of $0.02 in mid-July.

XCN is nonetheless more than 914% up in the past year. While this suggests a bullish trend amidst broader market volatility, price is near a critical support level.

The post XCN price forecast: will bulls rally ahead of Onyx V2 launch? appeared first on CoinJournal.