Bitcoin Hits ATH as Altseason Nears 🚀 $1B Liquidations on Inflation Spike

Happy Friday,

It’s been another wild week in crypto. Bitcoin’s brief run to $124K on Thursday quickly reversed, after hotter than expected PPI inflation data and Treasury Secretary Scott Bessent’s mixed signals on BTC reserves. From the White House’s latest Bitcoin Strategic Reserve update to Do Kwon’s expected guilty plea, we have it covered…

🔥 Top Stories This Week

1. Coinbase Predicts Altcoin Season Start Date as Bitcoin Dominance Falls to 59%
👉 Full story

2.  Treasury Secretary Bessent Reverses Bitcoin Purchase Stance Twice in One Day
👉 Full story

3. Why Is Crypto Down Today? Here’s What Happened
👉 Full story

4. Bitcoin (BTC) Price Prediction: Hits $124K All-Time High Overtaking Google in Market Cap
👉 Full story

5. Terraform Labs Co-Founder Do Kwon Expected to Plead Guilty in U.S. Case
👉 Full story

Bitcoin Hyper Presale: Introducing the Fastest-Ever Bitcoin Layer 2

This week’s newsletter is sponsored by Bitcoin Hyper

With fresh Bitcoin all-time highs and a new altseason both in play this week, whale investors have turned their attention to the presale for Bitcoin Hyper. This project is building the fastest-ever Layer 2 (L2) network for Bitcoin, and will provide BTC holders with more use cases than ever before.

Using Bitcoin Hyper’s Layer 2 is simple and easy, as BTC can be deposited into a dedicated address and immediately converted into WBTC (wrapped Bitcoin) on the L2. This means that BTC holders can access Web3 games, DeFi services, NFTs, meme coins, and much more via Bitcoin Hyper. The L2 also uses the Solana Virtual Machine (SVM), supercharging the new chain with vastly increased speeds while keeping fees low.

As Bitcoin Hyper addresses all of Bitcoin’s major pain points (slow transactions, expensive fees, and a lack of flexibility), the HYPER presale has already raised almost $10 million. HYPER tokens can also be staked for up to a 113% APY, with no need to wait until the presale ends. 

Click Here to View the Presale

🔥 Market Snapshot

📈 Top Weekly Gainer: OKB (OKB) +106%
📉 Top Weekly Loser: Story (IP) -16%

📈 Chart of the Week

Bitcoin has been on a tear in recent months, riding multiple bullish waves and building strong support before hitting new all-time highs at $124,500. Thursday saw a 6% pullback after hotter-than-expected inflation data, triggering a $1 Billion liquidation flush. With the medium-term uptrend intact and daily RSI sitting neutral, BTC looks ready to make another run at all-time highs 🚀

🧵 Post of the Week

🤖 ChatGPT Crypto Picks

Week 5 Update: Our ChatGPT crypto portfolio is up 39% so far. The recommendation is to hold this week, as bullish momentum points to further gains.

🔬 A Look On-Chain

Arthur Hayes has recently scooped up 1,750 $ETH ($7.43M), 58,631 $HYPE ($2.62M), 3.1M $ENA ($2.48M), 1.29M $LDO ($1.83M), 184,610 $PENDLE ($1.02M), and 420,000 $ETHFI ($516.6K), per LookonChain.

💡 Tip of the Week

Optimize Your Exit Strategy…

Consider gradually scaling out of profitable positions instead of selling all your assets at once. This approach can help maximize potential gains during major price surges.

✨ Project Spotlight: MYX Finance (MYX)

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