BTC breaks through the $120000 mark

BlockBeats News: On July 18th, according to Onchain Lens monitoring, whales are accumulating a large amount of Ethereum (ETH). Whale addresses starting with 0x52e have spent 36.5 million USDT and purchased 10587.4 ETH at an average price of $3448 per coin; Whale addresses starting with 0xdfc have spent 9.98 million USDT and purchased 2895 ETH at an average price of $3448 per coin.

Odaily Planet Daily News: On chain data shows that Circle cast 500 million USDCs on Solana this morning, and this week they have cast 1 billion USDCs on Solana.

1. Trump plans to sign an executive order to open up cryptocurrency investments in the retirement market 2. The US House of Representatives has passed the CLARITY Act, clarifying the structure of the digital asset market 3. Coinbase CEO states that cryptocurrency legislation will provide clear direction for the industry 4. Federal Reserve's Daley said that cutting interest rates twice this year is a reasonable expectation 5. Three major bills for US' Crypto Week 'progress, stablecoin regulatory framework enters final voting stage 6. SharpLink Gaming plans to issue an additional $5 billion in common stock to increase its holdings of Ethereum 7. The number of initial jobless claims in the United States is lower than expected, at 221000 people 8. Australia lists cryptocurrency as a key focus of anti money laundering and expands regulatory scope The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/473264

The latest 4-hour cycle K-line shows that BTC has received strong support at the support level of 118007, which is the area with the highest trading volume concentration, with buying accounting for 90%. At the same time, after top classification, a red three soldier form is formed, which, combined with the KDJ golden cross, indicates a high probability of short-term upward breakthrough. The current price has reached the EMA24/52 moving average, and EMA24 has surpassed EMA52, indicating a strengthening trend in the medium to long term. Based on the distribution of chips, breaking through the resistance level of 118165 is expected to challenge the 120000 level. Unlock exclusive chip distribution for members, accurately grasp the main trends, and seize the best buying and selling points! The data is sourced from the PRO member's [BTC/USDT Binance 4-hour] candlestick chart, for reference only, and does not constitute any investment advice.

According to Onchain Lens, SharpLink Gaming has added 18712 ETH worth $65.45 million to its Ethereum strategy reserve. At present, the company holds a total of 326074 ETH with a total value of approximately $1.14 billion.