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Bitcoin dominance nears historic resistance, a level that previously triggered altcoin surges. A breakout or rejection is imminent. If history repeats, dominance rejection could fuel an altseason, shifting market sentiment toward alternative cryptocurrencies. A decisive move past resistance may signal continued Bitcoin strength, while failure could mark the start of another altcoin cycle.
Ali Martinez highlighted XRP forming a striking symmetrical triangle chart with a target of $15. XRP is currently attempting to flip the $2.75 price level into support before moving higher. Bloomberg analyst said that the SEC could acknowledge the Grayscale 19b-4 for a spot XRP ETF.
Bitcoin’s resilience suggests a changing view of inflation’s impact on digital assets. U.S. inflation exceeds forecasts, delaying Federal Reserve rate cut expectations. Powell signals cautious Fed stance as inflation concerns persist despite progress.
- 09:47US Treasury Accepts Venmo and PayPal Donations to Help Repay Massive National DebtAccording to a report by Jinse Finance, citing US media, Americans can now donate to the Treasury to help pay down the national debt via Venmo and PayPal if they wish. Over the past 29 years, Americans have donated a total of $67.3 million, which has had virtually no impact on the current $36.7 trillion national debt. On Wednesday, an NPR reporter posted a screenshot on X showing a page on the Treasury Department’s official website where donations to the national debt program can be made through Venmo and PayPal. According to Axios, the maximum single donation allowed via Venmo is $999,999.99. Even at this amount, one would need to donate every 18 seconds just to keep up with the pace of the national debt’s growth. It is currently unclear when the Venmo and PayPal donation options were added to the website.
- 09:36Bitcoin Cash (BCH) Breaks Through $580, Analysts Bullish on $680According to ChainCatcher, citing CoinDesk, the price of Bitcoin Cash (BCH) has surpassed $580, marking a 24-hour increase of 5.25%, a weekly gain of 10.5%, and a monthly rise of 17.3%. Analysts note that BCH has broken through a long-term resistance level, and if the current trend continues, it could further climb to the $620–$680 range. Technical analysis indicates that BCH has established support zones at $556–$558 and $568–$570, with short-term resistance near $585. Trading volume saw a significant surge on July 27, reaching a daily peak of 120,748 units, reflecting strong buying activity in the market.
- 09:31Pudong Artificial Intelligence Seed Fund Officially Launched with a Total Scale of 2 Billion YuanAccording to Jinse Finance, at the 2025 Pudong New Area Global Promotion Conference for the Artificial Intelligence Industry Ecosystem held on July 27, the Pudong Artificial Intelligence Seed Fund was officially launched. The fund has a total size of 2 billion yuan, with the first phase amounting to 500 million yuan. It is a state-owned venture capital fund focused on the seed round stage, dedicated to investing in innovative talent and cutting-edge technologies. (CCTV News)