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Crypto Analyst: Bitcoin's Latest High A Sign That Market Is 'Maturing Fast'
Crypto Analyst: Bitcoin's Latest High A Sign That Market Is 'Maturing Fast'

Forbes

time11-07-2025

  • Business
  • Forbes

Crypto Analyst: Bitcoin's Latest High A Sign That Market Is 'Maturing Fast'

Bitcoin prices hit their latest record, this time above $116,000. Bitcoin reached a fresh, all-time high above $116,000 on Thursday, July 10, a development that one analyst highlighted as a clear sign of rapid evolution. 'Bitcoin's new ATH high is a signal that this market is maturing fast,' Doug Colkitt, a founding contributor at Fogo, stated via email. He offered this interpretation after the world's most prominent digital currency rose to more than $116,600, according to Coinbase data from TradingView. 'Every breakout like this pulls more liquidity into the ecosystem, and traders are already looking past BTC toward performance assets deeper in the onchain stack,' he said. 'The next wave of gains won't come from narrative alone, but from platforms that solve real trading problems and move serious volume.' Mike Cahill, CEO of Douro Labs, also weighed in on the implications of these latest price movements. 'Bitcoin breaking $114K is particularly significant because it reflects growing institutional confidence, deepening integration with traditional markets, and a global search for financial infrastructure that isn't shackled to legacy intermediaries,' he said through emailed commentary. 'The real story here goes far beyond price,' Cahill emphasized. 'The narrative that has been driving finance in 2025 is the notion that DeFi and TradFi are converging, and this new all-time high just underscores the dawn of the next era for finance as a whole.' 'As Bitcoin continues to gain new ground, what matters most is how this capital gets redeployed: into new blockchains, better infrastructure, and decentralized systems with real-world impact,' he concluded. Tom Bruni, editor-in-chief & VP of community at Stocktwits, offered his thoughts on the strength of bitcoin's latest upward movement. 'Bitcoin broke out to fresh all-time highs today, begging the question of whether this is the real deal or a fakeout,' he said through email. 'Today's breakout to new highs and strength in the altcoin market suggest risk appetite remains strong.' 'In the absence of any negative catalysts, people are comfortable buying stocks, crypto, and other risk assets…at least until earnings season kicks off Tuesday and picks up in the following weeks,' stated Bruni. 'But for now, sentiment suggests there's more room to run, and retail seems to be sticking with the trade.' 'From both a sentiment and technical perspective, the recent reset is being viewed by traders as a healthy development,' he emphasized. 'More broadly, Bitcoin's consolidation over the last six weeks has allowed sentiment to reset and provide a more sustainable backdrop for prices to rally against,' Bruni continued. 'The first time prices reached $110k, Bitcoin had experienced a 50% rally off its April lows in just six weeks, making it difficult for bulls to get on board,' he added. 'Now, with prices resetting at this higher range, it's clear to buyers that they won't be getting a bargain at lower levels.' 'Essentially, they feel more confident in buying a fresh breakout vs. chasing a long-in-the-tooth rally.'

How to find the best altcoins for the best bull run
How to find the best altcoins for the best bull run

New York Post

time28-06-2025

  • Business
  • New York Post

How to find the best altcoins for the best bull run

The New York Post may receive revenue from affiliate/advertising partnerships for sharing this content and/or if you click or make a purchase. As investors prepare for what many believe will be the next major crypto bull run, altcoins — cryptocurrencies that aren't Bitcoin — are once again in focus. Tools like Best Wallet are making it easier to track, research, and invest in promising projects with a feature-rich experience built for both newcomers and seasoned traders. The non-custodial app offers multi-chain support, no KYC onboarding, in-app token discovery, access to exclusive presales, staking integrations, and real-time portfolio management — all designed with a strong emphasis on user security and privacy. Best Wallet also includes curated market insights, a Web3 launchpad, and social tools that help users follow top-performing wallets and trending tokens. With everything from token swapping to asset tracking in one sleek interface, it's becoming a go-to platform for anyone looking to get an edge in the altcoin space. Still, picking winners remains as much art as science. We asked leading figures across the blockchain ecosystem how to spot the best altcoins, which tokens they're watching, and how newcomers can gain an edge. Find the Best Altcoins Best Wallet How to start crypto trading today Download the Best Wallet app on iOS or Android. on iOS or Android. Create your own wallet — no KYC needed. Tap 'Upcoming Tokens' to find altcoins and presales. Buy and trade instantly with a card or crypto. Track and manage your portfolio easily in-app. LEARN MORE Identifying promising altcoins starts with looking beyond hype and understanding real-world use. 'The best formula always will be finding the confluence of teams with a proven history of execution building in a vertical that has strong growth tailwinds,' Douglas Colkitt, contributor to Initial Fogo, a high-performance blockchain, told The Post. Ethereum is a decentralized blockchain platform that enables smart contracts and decentralized applications (dApps), serving as the foundation for much of the Web3 ecosystem. Alvaro – That emphasis on proven execution is echoed by others in the space — with a growing focus on real-world application and long-term utility. 'When it comes to investing in Altcoins, I'm always going to be thinking about real usability,' said Mike Cahill, CEO of Douro Labs and a core contributor to the Pyth Network. 'The ones that stand out have true use cases, growing user adoption, sustainable tokenomics, and are powering new financial infrastructure.' Mike Marshall, head of research at analytics firm Amberdata, echoed that view, telling The Post: 'Try to look beyond hype to spot altcoins with a clear utility, credible teams and a healthy balance of community support and institutional interest — real substance beats speculation every time.' Musa Hakim Jr., CEO and co-founder of added that network infrastructure matters more than noise. 'For everyone else, the best way to identify valuable altcoins is developer community and organization or network infrastructure strength,' Hakim told The Post. 'Those two things drive utility which define value. Buy coins that you want to buy, not your friends.' Not every expert is ready to offer a list of 10 altcoins, but many shared their highest-conviction picks. Hakim added that his top picks were Solana, Ethereum, XRP, Dogecoin and USD Coin — with the last two interchangeable depending on market sentiment. Rounding out Hakim's list are Cardano, Tether, Binance Coin, Bitcoin Cash and Uniswap. 'These 10 all have strong organizational credibility and heavy developer support,' said Hakim. Solana is a high-performance blockchain designed for fast, low-cost transactions and scalable decentralized applications, often used in DeFi, NFTs and gaming. – Marshall, who prioritizes foundational blockchain infrastructure, highlighted ten altcoins he believes are well-positioned both technically and commercially. His picks include Ethereum, noted for its 'ecosystem dominance'; Solana, praised for its 'speed and adoption'; Arbitrum, a leader in 'Layer 2 scaling'; Optimism, which experiencing 'fast ecosystem growth'; Chainlink, known for its 'oracle infrastructure'; Uniswap, a 'DeFi cornerstone'; Aave, trusted for 'lending'; MakerDAO, advancing 'real-world asset adoption'; Ondo Finance, a 'RWA yield pioneer'; and gaining traction for its 'AI integration momentum.' Cahill favored projects with clear usage and ecosystem momentum. The list he provided to The Post includes: 'Hype, Pyth, Kamino, Drift, Raydium, Jito, Pendle, Helium, Jupiter, and Pumpfun (when it launches).' Colkitt preferred to keep his list lean. He told The Post that he prefers Hype 'just because it's a runaway category winner and expanding into a full fledged ecosystem.' Colkitt said his second choice was Berachain, especially at its current price. His third-best option is Jito, which is 'basically essential to Solana continuing to function and not much of the market has realized it yet.' What makes an altcoin worth buying now? Many experts say real usage is more important than speculative buzz. 'Altcoins with proven usage are the best value in my mind,' Cahill noted. Hakim recommended watching changes in who is leading major projects and which cryptocurrencies are gaining attention. He told The Post that some of his top picks for the next rally include XRP and Solana — noting that some investors now see Solana as a smarter bet than Ethereum, especially since former Blockchain Association head Kristin Smith recently took over at the Solana Foundation. USD Coin (USDC) is a stablecoin — a type of cryptocurrency that is pegged 1:1 to the U.S. dollar — and is backed by fully reserved assets, making it a popular choice for sending, storing or trading digital dollars on the blockchain. Rafael Henrique – He also pointed to Dogecoin as a meme-driven coin worth watching, saying, 'There's something there, very good or very bad.' Colkitt emphasized risk management. He told The Post that since Bitcoin 'won't 10X overnight,' the best course of action would be to adopt 'a barbell strategy' of Bitcoin and altcoins 'further out on the risk curve.' For serious investors, research is key. 'It's still hard to beat DefiLlama and Dune dashboards for data driven exploration,' said Colkitt. 'And of course, stay active on Crypto Twitter. Coins will get talked about there before they blow up.' 'You can find new altcoins by following new projects and tracking their testnet launches,' added Cahill. 'Most of these launches can be found on crypto-native news sites like The Block, Coindesk, and Cointelegraph.' Hakim said that it would be best to compare top tens on exchanges as well as 'observing the community on the social platforms you frequent. 'Don't buy a coin who's founder you can't quote,' Hakim advised. Spotting the next big thing requires watching early traction and developer momentum. 'Finding promising altcoins early requires staying at the forefront of reliable data and analytics,' said Marshall. Uniswap is a decentralized exchange (DEX) built on the Ethereum blockchain that allows users to trade cryptocurrencies directly with one another using automated liquidity pools instead of traditional order books. vladim_ka – 'I personally use Amberdata to track on-chain metrics, liquidity trends, and unusual transaction activity.' Cahill stressed the value of developer signals and ecosystem growth. 'It's important to watch for early community traction and smart developer activity over time to try and gauge the success of the project,' Cahill told The Post. Hakim said Layer 2s (L2s), which help blockchains grow by handling more transactions quickly and cheaply, and regulatory clarity are key indicators. 'Follow the money,' said Hakim. He cited Polygon, a blockchain scaling solution designed to make transactions on Ethereum faster and cheaper, as an L2 that people should keep an eye on. 'The American coins are probably the best to start digging,' he added. 'Recent SEC guidance makes all of these projects that are compliant hot commodities globally.' Bitcoin and Ethereum still dominate market cap — but that doesn't mean altcoins can't outperform. 'Bitcoin is still a great benchmark, especially for new investors,' said Cahill. 'But I believe that the next wave of meaningful growth will come from altcoins that power financial infrastructure and help drive institutional capital.' 'BTC and ETH still anchor the market and deserve core holdings,' added Marshall, 'but select altcoins offer compelling upside, especially in sectors like tokenized real-world assets, AI, and L2 scaling.' Dogecoin, a cryptocurrency originally created as a joke based on an internet meme, has gained widespread popularity for its low fees, fast transactions and active online community. charnsitr – 'Altcoins have much higher upside,' said Colkitt. 'BTC won't 10X overnight.' As momentum builds toward the next bull market, experts agree that finding the right altcoins involves a blend of research, real-world usage and community strength. With platforms like Best Wallet making access easier, and data tools from DefiLlama to Amberdata offering deeper insights, investors now have more tools than ever to make informed decisions — and avoid chasing hype. New York Post Approved 60+ Chains. Total Control. Best Wallet The Best Wallet app puts security first with biometric logins, two-factor authentication, and full non-custodial control — so you hold your keys, not just your coins. With support for thousands of altcoins across 60+ blockchains, it pairs top-tier security with powerful, user-friendly tools — making it the safest, most innovative way to HODL, swap, and manage your crypto. Learn More 108M+ Users Worldwide Coinbase Coinbase is building a more inclusive financial future for over a billion people, enabling them to trade, stake, spend, and transfer crypto on a secure and trusted platform. It powers the on-chain economy with essential infrastructure, global access, and a commitment to fair, responsible innovation. Learn More 114.9% BTC Reserve Ratio Kraken Kraken takes crypto security seriously, with FIDO2-compliant Passkey logins, encrypted communications, and customizable API permissions that keep your account firmly in your control. With no phone-based recovery, time-locked global settings, and real-time threat monitoring, it's built to protect your assets at every layer. Learn More $232B Platform Assets Robinhood Robinhood Crypto offers a user-friendly platform for trading and transferring digital assets, including the ability to securely and easily send and receive crypto to and from external wallets. With its self-custody Robinhood Wallet, it manages crypto holdings across multiple blockchains, including Ethereum, Bitcoin, and Solana. Learn More 20% of Global Crypto Secured Ledger Ledger is a leading provider of secure hardware wallets, offering devices like the Ledger Nano X and Ledger Stax that protect private keys offline using industry-leading Secure Element chips and a proprietary operating system. Paired with the Ledger Live app, manage over 5,500 digital assets, including cryptocurrencies and NFTs. Learn More 100M+ Users & Growing lets you buy, sell and trade over 400 cryptocurrencies, including Bitcoin and Ethereum, with zero-fee USD deposits, wire, and Apple/Google Pay. With a user base exceeding 140 million, the platform gives advanced trading options, a self-custodial wallet through Onchain, and industry-leading security certifications. Learn More $53T+ in Transactions Uphold Uphold is a multi-asset trading platform that enables users to buy, sell, and swap over 360 cryptocurrencies, 27 fiat currencies, and four precious metals, all in a single step. With features like assisted self-custody via the Uphold Vault, staking rewards up to 16.8%, and real-time reserve transparency, it offers a secure and versatile experience for both beginners and seasoned investors. Learn More The New York Post may receive revenue from affiliate/advertising partnerships for sharing this content and/or if you click or make a purchase.

Ether Prices Reach Highest Since February As ‘Perfect Storm' Fuels Rally
Ether Prices Reach Highest Since February As ‘Perfect Storm' Fuels Rally

Forbes

time11-06-2025

  • Business
  • Forbes

Ether Prices Reach Highest Since February As ‘Perfect Storm' Fuels Rally

Ether prices rose above $2,800 to their highest in over three months. Ether prices have been on fire lately, rising to the most since February on Tuesday, June 10, as the digital currency benefited from a 'perfect storm' of bullish factors, according to Douro Labs CEO Mike Cahill. Delving into what he meant when using that description, the analyst stated via email that 'ETH's rally is being driven by a perfect storm of ETF optimism, improved macro sentiment, and growing confidence in Ethereum's role as foundational financial infrastructure.' Several other analysts also highlighted similar factors when explaining the cryptocurrency's recent upward price movement, and amid this bullish backdrop, ether rallied to roughly $2,835.00 close to 8:15 p.m. EST, according to Coinbase data from TradingView. At this point, the digital asset was trading at its highest since on or around February 21. Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, spoke to these developments, indicating through emailed commentary that 'Ethereum's rally has been fueled by growing optimism around a potential spot ETH ETF approval, which has brought renewed investor attention to the asset.' He emphasized the key role played by this positive expectation, stating that 'The biggest driver behind ether's move above $2,800 is renewed speculation around a spot ETH ETF approval.' Ether Staking Hits Record High Several analysts, including DiPasquale, pointed out that the amount of ether tokens devoted toward staking recently reached its zenith, a development that many market observers have singled out as being highly bullish. Alex Lin, cofounder and general partner at venture capital firm Reforge, weighed in on this matter, claiming through email that after the U.S. Securities and Exchange Commission clarified via a statement that 'ETH staking does not classify as a security, we saw an all time high of nearly 35 million ETH (~28% of total supply) staked, locking up a significant portion of circulating ETH and creating supply pressure.' The TikTok influencer who goes by Wendy O also commented on this matter, stating via email that "Staked Ethereum hits new recent ATH of 28% of the supply being staked, to me this indicates renewed long term interest in Ethereum as those staking Eth may expect positive price action in the near future, so they are placing their 'bets' Now." She also emphasized the progress the SEC has been making in terms of providing the crypto markets with regulatory clarity, writing that 'At the SEC Crypto Task Force Roundtable, the conversation was focused on Ethereum and Atkins welcomed staff clarification that roles like miners, validators, and staking providers are not securities actors, this also tells me we may expect to see the Ethereum spot ETFS soon add staking.' DiPasquale offered his views on this robust staking activity, elaborating on its implications for the broader global asset markets. 'The total amount of ether being staked recently hit an all-time high, which signals growing long-term confidence in the Ethereum network and steady demand for yield-generating assets in a stabilizing macro environment,' he stated.

Pyth Network Partners with Integral to Democratize Access to Financial Market Data
Pyth Network Partners with Integral to Democratize Access to Financial Market Data

Associated Press

time08-05-2025

  • Business
  • Associated Press

Pyth Network Partners with Integral to Democratize Access to Financial Market Data

The new partnership enables Integral's institutional clients to seamlessly become Pyth data publishers, making financial information more affordable and accessible to all LONDON - May 7, 2025 (Bitwire) -- Pyth Network ('Pyth'), the universal price layer revolutionizing market data, today announced a new partnership with Integral, the leading currency technology partner to hundreds of global financial institutions. The collaboration marks a significant milestone in Pyth's mission to collect and distribute price data and rewrite the market data economy by making financial information affordable and accessible to all. The partnership introduces a streamlined solution for institutional market participants to publish their financial market data to Pyth Network, which is currently home to over 1,200 active price feeds. Integral hosts this data on behalf of its clients, lowering the technical and logistical barriers that have historically prevented institutions from contributing to open data networks. 'The price of market data has been skyrocketing for decades—rising to record-breaking spending in 2024 alone,' said Mike Cahill, CEO of Douro Labs, a leading contributor to the Pyth Network. 'But, this 'old guard' model of exclusive access, premium pricing, and zero transparency is shifting. The 'new guard' model offers real-time feeds and affordable access for anyone, not just the elite financial powerhouses. This partnership with Integral demonstrates Pyth's commitment to growing this new model; they're working together to deliver the price of everything, to anyone, anywhere.' Integral powers currency infrastructure for renowned institutions including Mizuho, Raiffeisen Bank, Pictet, and ODDO BHF. By partnering with Pyth, Integral will now bridge its traditional foreign exchange pipelines with decentralized finance, transforming centralized data sources into composable, on-chain assets. 'Integral has long been at the forefront of institutional trading technology, and our integration with Pyth Network reinforces our commitment to innovation and market accessibility,' said Harpal Sandhu, CEO of Integral. 'Through this collaboration, clients leveraging Integral's resilient and established crypto trading solutions can now become market data publishers on Pyth with no additional setup. This unlocks new opportunities for our clients to expand their presence in crypto while contributing to the broader ecosystem.' The Integral partnership comes on the heels of other recent Pyth integration partnerships like Sygnum Bank, Kamino Finance, and CoinBase, as well as product feature updates to expand price feed coverage across markets, improve data accuracy by increasing access to multiple institutional sources, and broaden institutional participation in decentralized finance infrastructure. To learn more about Pyth Network, visit and follow on X and LinkedIn . About Pyth Network Pyth Network is the universal price layer for the global financial system, bringing the price of everything on-chain. With over 1000 price feeds and seamless integration across over 100 blockchain ecosystems, Pyth empowers developers to build decentralized applications with the speed, accuracy, and reliability of high-performance markets—providing sub-second, real-time data for digital assets, FX, ETFs, equities, and commodities. Supported by leading financial institutions—including Cboe, Revolut, Coinbase, Jane Street, Amina Bank, Two Sigma, and Virtu Financial—Pyth enables data providers to securely monetize their proprietary data while shaping the future of DeFi. By decentralizing access to high-fidelity price information, Pyth is breaking down financial barriers and ensuring that transparent, real-time pricing is available to everyone. With over $1 trillion in total transaction volume, Pyth is the foundation of a new, global financial system built on open-access data, fairness, and efficiency. To learn more, please visit: About Integral Integral is the currency technology partner to hundreds of financial institutions, including banks, brokers and cross-border payment companies, with close to $60bn traded, transacted or exchanged daily on our network. Adopted first by the financial markets and now invaluable to every global business across all industries – our corporate-meets-consumer cloud-based SaaS technology stack is already powering the change and solving the currency challenges every global organization is facing. Founded in 1993, we built our cloud technology before the world knew what cloud was, and maintain development, support, and sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore. ### Media Contact: Melrose PR [email protected]

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