🚀 Bitcoin Snaps Back to $119K — And It’s Not Alone

Just when it looked like momentum was fading, $BTC bounced back from $114K to reclaim $119K. But this isn’t just about price — the bigger picture is even more bullish.

Here’s what’s shaping the market this week 👇

📈 $BTC back at $119K after a quick reset. Bids reappeared right where they should — and momentum is picking up again.

💡 $ETH is outpacing majors, up 7% to $3,314. SBET has officially overtaken the Ethereum Foundation as the largest ETH holder, with 280K ETH (99% staked!). Stock up 70%, ETH up 24.47% this week.

📉 TradFi volumes are fading, and U.S. equities are stalling — with NVDA carrying the S&P 500. Exhaustion signals? Possibly. But risk appetite in crypto remains firm.

đŸȘ™ The Fed’s unclear path forward and inflation stuck at 2.5% adds more tension. Markets are pricing in a 63% chance of a rate cut in September, while Powell faces growing political heat.

🏛 Crypto Week is alive and well. Trump flipped 11 House Republicans who blocked the GENIUS Act. A key vote is set for today, and the industry is watching closely.

🏩 Wall Street jumps in. JPMorgan and Citigroup are now both pursuing stablecoin strategies. JPM has already launched a “deposit token” aimed at institutional clients.

📊 $ETH ETF inflows surge, with $192M on Tuesday alone — already 60% of BTC inflows for the week. ETH/BTC also broke its 200-day moving average for the first time since Feb 2023.

🏱 In treasuries:

‱ Cantor Fitzgerald is working on a $4B Bitcoin SPAC with Adam Back

‱ BTBT is adding 100K ETH

‱ A dormant wallet from Satoshi-era moved 40K BTC to Galaxy

This market is still heating up — structurally bullish, institutionally backed, and politically charged.

We're not just watching a rally. We're watching a reset of the playing field.

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