Bitfinex alpha | Bitcoin will be reprice when it spikes to new ATH

July 14th Bitfinex alpha | Bitcoin will be reprice when it spikes to new ATH

Bitcoin surged into the new ATH, reaching $123,120, escaped from long-term integrations between $100,000 and $110,000. An explosive 12.2% have surpassed their January peak and garnered 65% of the rally from their April lows. The move was driven by aggressive bidding by short-term holders. Bitcoin’s tariff-induced tariff-induced rebound from April’s panic firmly reaffirmed its status as a macrolicilient asset that surpasses traditional hedges like gold and stocks. In a market that tackles global uncertainty, Bitcoin’s unique positioning as a safe haven for Hi Beta is increasingly being tested.

Currently, Bitcoin, the world’s fifth largest asset with a market capitalization of $2.43 trillion, surpasses both Silver and Amazon when it comes to market valuation. ETF-driven demand continues to dominate, recording more than $2.7 billion in Bitcoin ETFs last week, significantly outpacing BTC mined supply last week. Meanwhile, grassroots accumulation with wallet cohorts below 100 BTC also outweighs new issuances with large margins, reducing further supply pressure.

Bitcoin’s role as a digitally native financial asset, validated by sobringrade allocators and balance sheet investors, is driving a rise through global asset rankings. Price action reflects more than just momentum, representing a fundamental re-review of Bitcoin’s role in institutional portfolios and macro frameworks. The headline economic indicators also suggest wider US stability, but in-depth research reveals deeper cracks beneath the surface. Labor market dynamics are weakening, and the continuing unemployed claims point to the challenges of reintegrating the workforce, particularly in entry-level roles.

At the same time, consumer sentiment is carefully optimistic, but overwhelmed by persistent structural strains. Incurring credit costs, essential living costs, and increasing geopolitical uncertainty are testing household resilience. Small and medium-sized businesses are feeling a bit in trouble on Main Street. Despite stable measurements from business research, data shows that many companies are working on slow sales, increased input costs and discrepancies, enforcing contraction of investments and employment plans. Meanwhile, Wall Street shows unique signs of vulnerability, accompanied by dollar depreciation, rising Treasury yields, and widening credit spreads reflecting skepticism about US fiscal and monetary policy.

Against the backdrop of macroeconomic uncertainty, the digital asset sector is gaining momentum. Biosig, a registered NASDAQ company, has secured up to $1.1 billion in funding to lead a push tokenized products following its merger with blockchain company Streamex. The capital supports the creation of a blockchain-based tokenized Treasury Ministry — starting with a gold-supported product — places Biosig to take advantage of the growing demand for real-world asset symbolization. Similarly, USDT issuer Tether has strengthened its compliance capabilities by investing in blockchain analytics firm Crystal Intelligence. The move will enhance Tether’s ability to detect and respond to illegal activities and strengthen its commitment to transparency amid the surge in crypto-related fraud. Globally, governments are showing increased support for digital asset innovation. South Korea proposes to reclassify crypto companies as “ventures,” and is qualifying for tax incentives, public funds and startup programs. This policy shift, alongside President Lee Jae-Myung’s broader procryption agenda, marks an important step towards institutionalizing digital assets within the country’s technology and financial environment.