Speaker 1: Hey everyone, it's Friday, and I'm Alex, your AI avatar.
Speaker 1: Here at Token Metrics today, we're looking at Bitcoin's push
Speaker 1: toward eighty thousand dollars, the broad three day crypto rally
Speaker 1: behind it, and what happens if regulators decide to write
Speaker 1: their own crypto playbook. Let's get into it, but first
Speaker 1: a quick word from our sponsor. Okay, So here's what's happening.
Speaker 1: Bitcoin briefly touched seventy nine thousand dollars today as the
Speaker 1: rally stretched into a third straight day. Over the past week,
Speaker 1: Bitcoin is up about twenty three percent, Ethereum gained twenty
Speaker 1: eight percent, and Hype tapped a brand new all time high.
Speaker 1: Looking at the numbers today, Bitcoin is hovering around seventy
Speaker 1: eight thousand dollars, up about eight percent on the day.
Speaker 1: Ethereum is up around nine percent near twenty five hundred dollars,
Speaker 1: and Soalana popped eight percent to around ninety four dollars.
Speaker 1: That lifts the total market cap to roughly two point
Speaker 1: six trillion dollars, up five stable Coin supply barely moved,
Speaker 1: ticking up less than one percent. Total value locked in
Speaker 1: DeFi climbed seven percent and the Fear and Greed index
Speaker 1: jumped ten points to seventy two in greed territory. Market
Speaker 1: sentiment is clearly positive, while the small stable coin change
Speaker 1: means broader liquidity growth is still the next confirmation to watch.
Speaker 1: Quantum resistant is the strongest narrative today, up about twenty
Speaker 1: five percent over seven days. Z cash is the top
Speaker 1: coin in that sector, up about forty nine percent over
Speaker 1: seven days. That is broad strength, not one lonely narrative.
Speaker 1: Turning to our signal spotlight, we recently highlighted a prediction
Speaker 1: market setup on whether anyc would win their match, calling
Speaker 1: for no. That market resolved in our favor, delivering a
Speaker 1: fifty six percent gain on stake. Signal tracks prediction markets
Speaker 1: across crypto, politics, sports and macro events, so members get
Speaker 1: the setup, the thesis, and the risk context before the
Speaker 1: market moves. This is the kind of call. Token Metrics
Speaker 1: Signal sends every week seven days free at tokenmetrics dot com.
Speaker 1: Looking across live prediction markets, traders put the odds of
Speaker 1: bitcoin holding above seventy eight thousand dollars through August twenty
Speaker 1: sixth at roughly fifty five percent. But if you look
Speaker 1: higher up, there's only about a twenty three percent chance
Speaker 1: of Bitcoin touching eighty two thousand. That gap tells us
Speaker 1: capital is betting on a trading range rather than a
Speaker 1: runaway breakout. Meanwhile, odds for XRP hitting a dollar fifty
Speaker 1: jump to around seventy four percent, showing traders betting on
Speaker 1: ketchup moves across other major coins. Starting with the main
Speaker 1: market move, Bitcoin touched seventy nine thousand dollars after an
Speaker 1: eight percent surge, pulling the rest of the market along
Speaker 1: with it. Strength across ethereum and tokens like hype shows
Speaker 1: this was a broad market advance rather than an isolated spike.
Speaker 1: The real test now is whether Bitcoin can hold the
Speaker 1: seventy eight to seventy nine thousand dollars level over the
Speaker 1: next few days. Meanwhile, Strategy, the largest corporate holder of bitcoin,
Speaker 1: flipped from a thirteen billion dollar paper loss back into
Speaker 1: a one point four billion dollar profit. That shows how
Speaker 1: holding bitcoin on a corporate balance sheet acts like a turbocharger.
Speaker 1: When Bitcoin jumps eight percent, their paper balance swings by billions.
Speaker 1: If Bitcoin stays above seventy eight thousand into next week,
Speaker 1: their financial cushion looks strong, But a drop below seventy
Speaker 1: four thousand shrinks that gain quickly. On the policy side,
Speaker 1: regulators are preparing to draft their own rule book for
Speaker 1: crypto trading if Congress drags its feet on new legislation.
Speaker 1: The head of the CFTC told staff to get agency
Speaker 1: proposals ready within thirty days if lawmakers fail to pass
Speaker 1: the Clarity Act bill by Friday. That means crypto for
Speaker 1: will see new operating rules regardless, it's just a matter
Speaker 1: of whether they come from Congress or the agency. Over
Speaker 1: and layer ones, Solana rolled out upgrades the cut network delay,
Speaker 1: helping the token bounce about eight percent. Faster transaction speeds
Speaker 1: give users a smoother experience, though long term value still
Speaker 1: comes from apps people actually use. We'll watch if Solana
Speaker 1: holds above ninety four dollars if Bitcoin takes a breather,
Speaker 1: and Ethereum saw one of its biggest daily rebounds in weeks,
Speaker 1: climbing around nine percent, while its valuation looks discounted compared
Speaker 1: to pass cycles, Bitcoin dominance is still holding near fifty
Speaker 1: nine percent. Keep an eye on whether the ether to
Speaker 1: bitcoin ratio can keep climbing this week, or if it
Speaker 1: stalls out around point zero three to two. All right,
Speaker 1: before we get into the risks, quick word from our sponsor. Okay,
Speaker 1: we're back. Let's talk about what to watch for when
Speaker 1: we map out the risks. A few warning signs stand out.
Speaker 1: Sentiment is is running hot with fear and greed at
Speaker 1: seventy two, even though the broader macro environment is still
Speaker 1: in a correction phase. Stable coin supply is nearly flat,
Speaker 1: so broader liquidity confirmation remains limited even as prices rise.
Speaker 1: On top of that, reports of Binance staff being detained
Speaker 1: in the UAE have revived counterparty worries around exchange banking access.
Speaker 1: If Bitcoin can hold seventy eight thousand while stable coin
Speaker 1: supply starts expanding, that would strengthen the case that the
Speaker 1: broad rally can continue. Until then, the fast move remains
Speaker 1: vulnerable to a pullback. Here are the key dates to
Speaker 1: keep on your calendar for the coming week. By August
Speaker 1: twenty third, watchweather ethereum can stay above twenty six hundred
Speaker 1: dollars and whether XRP reaches a dollar fifty, as prediction
Speaker 1: markets imply. Then on August twenty six, see if Bitcoin
Speaker 1: is still holding above seventy eight thousand dollars. Holding that
Speaker 1: ground while stable coin liquidity begins expanding with support continued
Speaker 1: rally momentum. You can also explore our updated market regime
Speaker 1: models to see how liquidity trends impact weekly alt coin momentum.
Speaker 1: Head over to the community discord to test out the
Speaker 1: latest features. By the way, if you want the full
Speaker 1: written breakdown, check out our newsletter at tokenmetrics dot com.
Speaker 1: This is educational content, not investment advice. Always do your
Speaker 1: own research. I'm Alex, See you next time.