Bitcoin (BTC) is steadily reversing the more than 3.8% gains of the last seven days as the effect of U.S. inflation hit the flagship cryptocurrency. As highlighted by Ted Pillows, a vocal market analyst, Bitcoin, which previously surged past $114,000 and looked like it was heading for the next level, has lost momentum.

Bitcoin trading weakens after leak

Notably, the pullback is the result of broader economic developments that are weighing in on the financial market.

The U.S. Consumer Price Index (CPI), which measures inflation, has shown upward movement, increasing from 2.7% to 2.9%. This signals that inflation remains high and is affecting investment patterns.

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The rising inflation is causing investors concern as it suggests that the Federal Reserve might decide to keep interest rates high. If the Federal Reserve raises interest rates, risk assets like Bitcoin will not be attractive. The price reversal in Bitcoin is a reaction to these concerns on the broader financial market.

Meanwhile, according to Pillows, despite the inflation worries, Nasdaq futures are up 0.35%, while S&P futures are at 0.27%.

This indicates that Wall Street has not hit the panic button yet and remains slightly more positive than crypto assets.

As of press time, Bitcoin is changing hands at $114,439.98, which represents a 0.5% increase in the last 24 hours. The coin had previously hit a peak of $114,686.09 in an upward rally before being hit by volatility. The trading volume remains low as well and is currently down by 12.35% at $47.94 billion.

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Could U.S. Tariffs fund Bitcoin bull run?

Bitcoin has high chances of a rebound if Fred Krueger’s predictions happen. The former Wall Street quant opines that the U.S. could start buying BTC, using tariff money. The U.S has the potential to generate $50 billion monthly, and investing that in Bitcoin could see the purchase of up to 400,000 BTC.

This could trigger a bullish rally for the flagship coin as the demand will flip the supply, pushing the price upward.

Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

About Author

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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Last updated: 

July 19, 2025

Ethereum has delivered one of the most impressive performances of 2025, surging over 20% in the past seven days, strengthening ETH bulls’ conviction as they target the $4,000 mark as the next key psychological resistance to overcome.

Currently trading at $3,505 after recently adding more than $120 billion to its market capitalization, the majority of these capital inflows originated from U.S. spot Ether ETFs, which attracted over $2.18 billion in weekly inflows, pushing total inflows to a record-breaking $7.49 billion.

Ethereum On-Chain Volume Surges 280% Signaling ETH Demand

Beyond ETF flows, retail investors and long-term Ethereum whales have continued to remain highly active.

Analytics reveal that Ethereum’s on-chain volume has skyrocketed by over 280% in the past 12 days, elevating the cryptocurrency’s daily usage to approximately $5 billion.

Likewise, the Ethereum DeFi TVL has exceeded $80 billion, representing ten times the size of its competitor, Solana, while the stablecoin market capitalization has reached a record $130 billion.

With the United States progressing the GENIUS stablecoin legislation, many analysts believe Ethereum stands to benefit significantly, given that most infrastructure supporting stablecoin operations is constructed on its network.

Ethereum’s market dominance has entered an upward-only trajectory.

For over three years, ETH experienced price suppression despite substantial network upgrades.

However, prices have now begun catching up, with popular crypto investor TedPillows forecasting a $4,000 target in the near term.

Technical Analysis: Ethereum 3+ Years Suppression Targets $4,000 Breakout

From a technical perspective, the Ethereum (ETH/USD) daily chart indicates a decisive bullish breakout, with the price advancing above a critical resistance level within the $3,250–$3,500 range.

The momentum appears aggressive, fueled by a decisive break of structure (BOS) and a clean bounce from the $2,500 support level, which previously served as a consolidation foundation.

The chart identifies $4,105 as the strong high objective, corresponding with a previous major resistance zone.

Nevertheless, the RSI reading of 84.38 indicates deep overbought conditions, suggesting a potential short-term pullback or consolidation before the trend continues.

Should Ethereum maintain levels above the current resistance-turned-support, the upward movement will likely extend toward the $4,100 objective.

Failure to sustain this breakout could prompt a retracement toward the $2,950–$3,250 area, where buy-side liquidity might reignite bullish momentum.

Best Wallet Raises $14M As 250K Users Ride ETH’s DeFi Wave

Ethereum’s success has historically served as a catalyst for rallies in DeFi tokens and altcoins generally.

Now that ETH is positioning for new highs, Ethereum-based crypto wallet Best Wallet has returned to investor attention.

Launched in late 2024, Best Wallet currently claims more than 250,000 active users and an expanding DeFi ecosystem supported by its native utility and governance token, $BEST.

With a presale that has already secured over $14 million and key platform features being deployed, numerous investors view it as one of the best-positioned projects ahead of broader mass adoption.

The $BEST token is currently priced at $0.025355, with only 4.5% of the token supply available in this round, ensuring scarcity.

Interested parties can visit the presale website to purchase portions of the available supply before it is depleted.

$BEST holders also benefit from enhanced staking APYs and voting rights on future upgrades and protocol modifications within the wallet ecosystem.

President Donald Trump’s executive order establishing a US Strategic Bitcoin Reserve and a National Digital Asset Stockpile is expected to be a catalyst for wider Bitcoin adoption, according to investment analysts and crypto industry leaders.

On March 6, Trump acknowledged the need to “harness” the power of digital assets while signing the executive order for crypto assets, which states:

“Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic Bitcoin reserve.”

Ryan Rasmussen, the head of research at Bitwise, anticipates a cascading effect where other countries and private investors will invest in Bitcoin (BTC) with renewed confidence. “The end game was never ‘the US government buys all of the world’s Bitcoin,’” he said.

Large institutional investors, such as wealth managers, financial institutions and pension schemes, now have “no excuse” for not increasing exposure to Bitcoin and other crypto assets endorsed by the Trump administration. 

With the sell pressure reduced, the probability of the US government and individual states procuring Bitcoin has increased, Rasmussen said, adding:

“Probability the government outlaws Bitcoin is definitively zero.”

Andrew O’Neill, digital assets managing director at S&P Global Ratings, noted that the Bitcoin reservwouldll only include BTC already owned by the US government, specifically assets forfeited through criminal or civil procedures.

The presidentail order to hold Bitcoin “is mainly symbolic” for Bitcoin to be formally recognized as a reserve asset, O’Neill said. It also created a clear distinction between Bitcoin and other crypto assets: 

“The order does contemplate the possibility of acquiring additional Bitcoin for the reserve, provided it can be done in a budget-neutral manner.”

Related: Donald Trump signs executive order for Strategic Bitcoin Reserve

Speaking to Cointelegraph, Ryan Lee, chief analyst at Bitget Research, said he anticipated Trump unveiling more details about the strategic crypto reserve on March 7 at the White House crypto summit.

According to Lee, the summit’s outcome may significantly influence the regulatory landscape and institutional sentiment toward digital assets, shifting toward clarity on token classification, tax incentives and reduced enforcement actions, possibly dismantling barriers for banks and funds.

“A successful summit could see Bitcoin reclaim $100,000 and crypto assets like Ether (ETH), XRP (XRP), and Solana (SOL) soar, cementing US leadership in global crypto markets. Conversely, a lack of actionable steps might disappoint investors, underscoring the high stakes of this event.”

Germany panic sells 50,000 BTC at the bottom

While discussions of global Bitcoin adoption are underway, many crypto enthusiasts on X recollected Germany’s ill-timed decision to sell 50,000 BTC between June 19 and July 12, 2024, at an average market price of roughly $60,000 per BTC.

The German government had accumulated the 50,000 BTC stash through seizures from the movie piracy website movie2k. The sale of the proceeds generated around 2.6 billion euros ($2.87 billion).

The market value of 50,000 BTC is currently over $4.45 billion, according to data from Cointelegraph Markets Pro and CoinMarketCap. Germany’s hasty decision to sell the confiscated Bitcoin cost the government over $1.58 billion, considering a market price of $88,972.

Magazine: Mystery celeb memecoin scam factory, HK firm dumps Bitcoin: Asia Express

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