Bitcoin (BTC) just hit an all-time high of $111,970, blowing past its January peak. It’s now up 18% this year and 47% since April’s $75K dip.
The surge comes as U.S. markets stumble—stocks dropped after a weak bond auction spiked treasury yields. While Wall Street wobbles, Bitcoin’s bullish momentum shows no signs of slowing.
Maple Finance (SYRUP), Cookie DAO (COOKIE), and GRASS were the top gainers over the past two weeks, driven by lending hype, meme momentum, and AI buzz. Meanwhile, Nem (XEM) lagged behind, slipping as it failed to catch the broader market rally.
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What’s Shaping the Market?
Bitcoin’s latest all-time high has traders celebrating—but some charts are telling a different story. A closer look at long-term patterns suggests the bull run may be nearing its peak, with a potential cooldown on the horizon.
Quiet Confidence in Ethereum’s Climb
Some serious money is quietly backing Ethereum to hit $6,000 by year’s end. Traders have placed structured bets—buying $3,500 calls and selling $6,000 ones, all set to expire on December 26.
They’ve committed $7 million across 30,000 contracts. If ETH stays low, they lose it all. If it climbs to $6,000, they stand to gain—though anything beyond that is off the table. It’s not a shout yet but already a loud whisper.
Up to 80% of trading on some Pump.fun tokens may be fake, driven by bots posing as real buyers, says researcher Naveen_0505. His dashboard shows these bots often spark sudden price jumps—more illusion than demand.
Coinbase Joins the S&P 500
Coinbase entered the S&P 500 on May 19. Shares rose with the news, closing the last week at $244, with analysts expecting up to $10B in new demand. Separately, Coinbase disclosed a data breach via insider bribery affecting under 1% of users. No keys were leaked. The exchange refused a $20M ransom, estimating cleanup costs at $180–400M.
Is Bitcoin’s Bull Run Nearing the Finish Line?
Despite hitting a new all-time high, analysts warn Bitcoin may be nearing the end of its bull run. Long-term charts from Stockmoney Lizards suggest a cycle peak could come in Q4 2025, followed by a drop to around $69K—the highs of 2021. Traders point to overextended technicals and bearish RSI signals as signs of exhaustion, suggesting a pullback may be near, even if not immediate.
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