Bitcoin Soars Past $113,000 as Liquidity Surges and Stablecoins Boom

14 snips

Jul 10, 2025

Bitcoin has recently soared past $113,000, and the excitement is palpable! A Golden Cross formation signals bullish trends, indicating potential future gains. Dive into the essential role of stablecoins and their impact on Bitcoin's liquidity, especially in areas lacking banking options. Plus, explore how favorable credit market conditions and dollar movements support this surge. On-chain momentum and rising liquidity suggest that this upward trajectory for risk assets could continue.

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INSIGHT

Bitcoin's Golden Cross Power

Bitcoin's Golden Cross signals short-term momentum surpassing medium-term momentum.
Historically, Bitcoin gains a median of 27% within 100 days after this formation.

INSIGHT

Stablecoins Boost Bitcoin Demand

Stablecoin issuance grows Bitcoin purchasing power via US Treasury holdings.
Stablecoins' market cap rise signals higher demand and investor firepower for Bitcoin.

ANECDOTE

Tether Adoption in Africa

In Nigeria and Kenya, users adopt Tether as a stable digital dollar for daily transactions.
Tether is more popular than Bitcoin there due to ease and price stability.

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