BTC Breaks All-Time High, Altcoins Start to Follow

DAILY MARKET OVERVIEW

Bitcoin Goes Vertical, Is Altseason Next?

👋 Hey, Crypto Enthusiasts! After weeks of sideways chop, the crypto market is waking up, and waking up loud. Let’s dig into the action and what's coming next.

Bitcoin has officially entered price discovery. Yesterday, BTC briefly cracked a new all-time high, touching $112,100 before cooling off slightly.

But that’s not even the full story. For the first time in months, we’re seeing altcoins show real strength. Both Ethereum and XRP outperformed BTC in this breakout, with ETH hitting $2,800 and XRP reaching $2.46.

Is this the start of altcoin season? We think it just might be.

📈 What’s Fueling This Rally?

We’ve already covered one of the major catalysts: the $5 trillion U.S. debt ceiling hike. That kind of liquidity doesn’t just sit still. It seeks yield, risk, and upside. Crypto has all three.

But there’s a new twist brewing.

👀 Jerome Powell May Step Down Early

Whispers are growing louder in D.C. that Fed Chair Jerome Powell might resign before his term ends in 2026. If this happens, it could set off a major policy pivot, one that’s extremely bullish for crypto.

A dovish replacement would likely bring lower interest rates, softer monetary policy, and more capital flowing into risk assets. That combo could be the final push Bitcoin needs to aim for $150K, and it would pour fuel on the fire for altcoins.

🔑 Ethereum: The Altcoin Catalyst

We believe Ethereum holds the key to unlocking altcoin momentum this year. And the signs are already showing.

Yesterday, ETH saw $211 million in ETF inflows, nearly matching Bitcoin for the day. With ETH’s total AUM sitting at just $7 billion compared to BTC’s $111 billion, there’s massive room for catch-up growth.

If ETH continues to climb and pull in institutional capital, it won't just rise. It will lift the entire altcoin market with it.

The next few weeks are critical. If ETH can sustain this momentum, we could be looking at the official start of altseason.

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SOCIAL SENTIMENT

Pump.fun Officially Launches 🔥

The long-anticipated launch of Pump.fun is finally here, and it’s making waves.

The platform is holding its first and only public token sale on July 12, aiming to raise $600 million.

Token Sale Details:

• Ticker: $PUMP

• Max Supply: 1,000,000,000,000 tokens

• ICO Price: $0.004

• Tokens will be fully unlocked on day one

The sale will be hosted on major exchanges including Bybit, Kraken, Bitget, and Gate.io.

Why it matters ❓️ 

Pump.fun is a cultural force in the Solana ecosystem. This launch is expected to draw massive volume and liquidity to Solana. If the launch performs well, it could give SOL another leg up and revive meme coin enthusiasm across the board.

But be cautious. Short-term liquidity may rotate out of Ethereum and Base ecosystems as traders chase the pump. Watch for temporary volatility and imbalances.

Also worth noting: Pump.fun has lost considerable market share to Let's Bonk, so despite the hype, the long-term outlook is still up in the air. We're watching closely, but not participating in the ICO at this time.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Truth Social Plans Token for Streaming Loyalty Rewards
Truth Social will issue a utility token tied to its $9.99 Patriot Package subscription, rewarding users based on engagement.

Emirates Partners With Crypto.com to Enable Crypto Payments
Emirates will integrate crypto payments in 2026 via Crypto.com, marking its official move into digital currencies.

Justin Sun Pledges $100M in TRUMP Memecoin
Tron founder Justin Sun is investing $100 million in the TRUMP memecoin, deepening his alliance with Trump-backed crypto projects.

GMX Exploit Drains $42M, Trading Halted on V1
A hacker drained $42 million from GMX’s V1 liquidity pool, prompting a trading pause and a white-hat bounty offer.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Josh Olszewicz – Alt Coins: The Ticker is ETH! (10.07.2025 Summary)

Josh’s latest video breaks down what’s happening across altcoins, and his core message is simple:

🚀 ETH is Looking Strong

• ETH is showing real momentum – technically strong on daily charts (above the cloud, bullish signals)

• Volume is up, even surpassing BTC at times

• Josh sees potential for ETH to hit $4,000 if current trends continue

• Stablecoin growth on ETH is huge ($126B), and that's a good sign for liquidity

• He calls ETH the clear “beta” to watch – if you want alt exposure, start with ETH

🪙 What About Other Alts?

• A few others like Ripple (XRP) and Solana (SOL) are starting to show strength

• But most altcoins are still below key technical levels (like the cloud), and not worth heavy positions yet

• His advice: stick to what’s strong now, and avoid alts that are lagging technically

⚖️ Risk and Rotation Strategy

• Josh suggests a tiered approach:

  • Start with strength (ETH, possibly SOL and XRP)

  • Let the big caps move first

  • Then rotate into smaller alts once momentum builds
    

• Keep speculative bets like memecoins or ETH/BTC “beta” plays as a small % of your portfolio

  • (Example: MOG is his favorite meme coin right now – looks technically ready)

🧠 Quick Takeaways

• ETH is the best-looking altcoin right now – both in price action and on-chain fundamentals

• Don't go heavy into weak-looking alts. Wait for technical confirmation

• Watch for rotation from majors (ETH, BTC) into mid- and low-caps later, not now

• Be cautious with treasury-based or leveraged plays (like MSTR and MSTU) – many are already overextended

Coin Bureau – Korea Goes ALL IN On Crypto: ETFs, Institutions, XRP & More! (10.07.2025 Summary)

Nick from Coin Bureau breaks down South Korea’s bold new crypto strategy. The country’s new president, Lee Jang, is launching one of the most aggressive pro-crypto agendas in the world – all while the economy teeters on the edge of recession.

🧱 South Korea’s Crypto Plan: Big Moves, Bold Promises

• Spot Bitcoin ETFs are coming (finally), with approvals expected by the end of 2025.

• Corporate access to crypto is being unlocked after years of strict bans.

• Regulated stablecoins will be allowed, issued even by small firms with just ~$370K in capital.

• A new law called DAR (Digital Asset Basic Act) sets the stage for all of this.

• The goal is a “national stadium” – a fully self-contained crypto economy.

🏦 What's the Catch?

• The economy is struggling badly: low growth, rising debt, high youth unemployment.

• A looming US trade war could hit exports hard – 40% of Korea’s GDP depends on them.

• Even if the crypto framework is solid, there might not be enough capital to fill it.

💸 Institutional Involvement: Slow but Coming

• Phase 3 of Korea’s plan begins later this year: up to 3,500 companies will be able to buy and sell crypto.

• But there are limits:

  • Big banks and financial firms are still excluded (for now).

  • Strict trading rules are expected, limiting what and how much can be bought.

  • Likely focus only on BTC and ETH at first.

📊 Unique Market: XRP Still Reigns

• On Korean exchanges, XRP often trades more than BTC and ETH combined.

• Will new corporate investors follow retail into XRP? Or stick with BTC?

• First trading data from the pilot program will give clues.

📉 The Risk: Great Plans, Bad Timing?

• Crypto is hugely popular in Korea – nearly one-third of the population has traded it.

• But with a weak economy and potential US tariffs, real money might stay on the sidelines for now.

• President Lee sees crypto as a “small but certain happiness” for a population looking for opportunity.

🔮 Long-Term Outlook: Very Bullish

• If South Korea pulls this off, it could become Asia’s leading crypto hub, ahead of Hong Kong and Singapore.

• But in the short term, macro headwinds are strong, and adoption might move slowly at first.

CRYPTO MEMES