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Bitcoin (BTC) is set to catch up with the surging stock market, according to a prominent crypto analyst. Leading digital currency has lagged behind equities but may soon close the gap. That might also mean we get to see a so called 'God Candle' phenomenon. Pseudonymous trader Bluntz, known for rather accurate crypto predictions, shared his outlook with 265,000 followers on X. He believes Bitcoin is ready for a significant upward move, maybe, even for a one of those unbelievable surges, that each time make some people become obsessed with Bitcoin, while other go broke, of course. "Crypto wasn't leading, it was lagging. The great catch-up begins," Bluntz stated. Bitcoin traded at $64,774 at press time, having broken above the $60,000 mark. Bluntz sees this as a bullish signal. The analyst expects a "god candle" – crypto slang for a massive price spike. This would result in a large green candlestick on price charts. Bluntz suggests Bitcoin may have bottomed out earlier this month. The price dipped below $55,000, but buyers stepped in, and what analysts call a 'resistance' was as strong as any crypto bull would be dreaming about. A hammer candlestick pattern on the monthly chart caught the analyst's eye. "I know there are still [15] days to go but damn that monthly BTC candle is straight fire," he commented. This pattern often indicates a potential trend reversal after a downward move. Crypto analytics firm Santiment noted increased market activity over the weekend. They linked it to former President Trump surviving an assassination attempt at a Pennsylvania rally, but some analysts thinks it might have started even earlier than that. The incident seemingly jolted Bitcoin and other cryptocurrencies out of their slumber. With stocks on a tear, all eyes are now on Bitcoin. Traders are watching to see if it can match or surpass the equities rally.

Ethereum could outperform Bitcoin after the launch of spot ETFs in the US. This is according to a new Kaiko report. The launch could happen as soon as July 23. The report focuses on the Ethereum to Bitcoin Price Ratio. This metric measures how much BTC you need to buy one ETH. Right now, it's at 0.05. That's up from 0.045 before the SEC greenlit spot Ether ETFs. Ethereum's 1% market depth is another factor to watch. It's pretty low at the moment. This could lead to higher volatility. But it could also fuel a bull run. The Ethereum Exchange Reserve is at multi-year lows. This metric tracks how much Ether is available on exchanges. Low reserves could signal a supply crunch coming. Institutional demand for Ethereum ETFs might drive prices up. It's a big deal. Eric Balchunas, a Bloomberg ETF analyst, predicts a July launch. He says the SEC asked for amended S-1 forms by July 16. Tom Dunleavy, an institutional investor, has some bold predictions. He told Cointelegraph he expects $10 billion in inflows. That's roughly $1 billion per month. Ethereum's regulatory status has been a hot potato. Is it a commodity or a security? The SEC dropped its investigation into Ethereum in June. Laura Brookover, a Consensys attorney, reckons they did it to save face. The CFTC has thrown its hat in the ring too. Its chairman, Rostin Behnam, argues that ETH is a commodity. He thinks it falls under his agency's jurisdiction. All this buzz is creating a perfect storm for Ethereum. Low liquidity, potential ETF approval, and regulatory clarity could send prices soaring. But as always in crypto, it's anyone's guess. Investors are on the edge of their seats. July 23 could be a game-changer for Ethereum. Will it live up to the hype? Only time will tell.

Donald Trump's new running mate, JD Vance, has a bone to pick with SEC Chair Gary Gensler. A recently resurfaced video shows Vance calling Gensler the "worst person" to regulate crypto. So what's going to happen to our beloved crypto industry once this pair - Trump and Vance - enter the White House? The clip, now making the rounds on social media, captures Vance speaking at Remedy Fest. This private conference, hosted by Y Combinator and Bloomberg, took place on February 28. Vance didn't mince words. His clarity was quite impressive. "If there's a candidate for the worst person in my view, at least in terms of my substantive disagreement [...] it's Gary Gensler," he stated bluntly. He didn't stop there. Vance accused Gensler of injecting politics into US securities business. He also criticized Gensler's approach to blockchain and crypto regulation. This isn't Vance's first rodeo with the SEC. He's been a vocal supporter of the crypto industry throughout his political career, holds some Bitcoin himself and is known for praising crypto as a tool to diminish the oppressive role of the state. On May 16, Vance was one of 60 senators who voted to roll back the SEC's SAB 121 accounting guidelines. These guidelines prevent US banks from custodying crypto assets. Earlier this year, Vance led a group of Republican senators in a letter to Gensler. They raised concerns over an SEC enforcement action against crypto mining firm Debt Box. The letter didn't pull any punches. "It is unconscionable that any federal agency [...] could operate in such an unethical and unprofessional manner," Vance wrote. Vance's crypto support goes beyond regulatory issues. In February 2022, he praised crypto as a solution to government overreach. This was in response to Canada freezing bank accounts of truckers protesting COVID-19 lockdowns. Basically Vance praised crypto for being able to help people avoid government surveillance and even some legal hurdles. The 39-year-old senator has a diverse background. He's served in the US Marines, studied law at Yale, and worked as a venture capitalist under Peter Thiel, a famous investor who is - without a shadow of a doubt - a very crypto friendly financial titan. Vance isn't just talk when it comes to crypto. A 2022 financial disclosure report shows he holds between $100,001 and $250,000 in Bitcoin. Looks like he's putting his money where his mouth is.

Larry Fink, CEO of BlackRock, dropped a bombshell saying he changed his mind about Bitcoin. That might have also influenced BTC recent price movement. Bitcoin's price held steady above $63,000 on July 15. This came after a weekend rally. The cryptocurrency gained 3.5% in a day. It's up 10% since Friday. Traders are eyeing further gains. Some analysts believe the downtrend is over. Peter Brandt, a veteran trader, sees a potential bullish pattern forming. "Bitcoin could be unfolding its often-repeated Hump...Slump...Bump...Dump...Pump chart construction," Brandt said on social media. He added that bears might be trapped. A close below $56,000 would negate this view. Rekt Capital, another popular analyst, was more confident. "The Bitcoin Downtrend is over," he declared. Some traders are drawing parallels with post-halving price action in previous cycles. Henrik Zeberg, an economist at Swissblock, chimed in. "The final phase of the BlowOffTop has begun!" he exclaimed. Zeberg pointed to a bullish divergence in the relative strength index. But it's not just chart watchers getting excited. Larry Fink, CEO of BlackRock, dropped a bombshell. In a CNBC interview, he admitted to changing his mind about Bitcoin. "I was a skeptic. I was a proud skeptic," Fink confessed. "And I studied it, learned about it, and I came away saying, 'OK, you know, my opinion five years ago was wrong.'" Fink now believes Bitcoin is "legitimate". This is a big deal. BlackRock, the world's largest asset manager, runs the biggest spot Bitcoin ETF by assets. Eric Balchunas, a Bloomberg ETF analyst, weighed in. He stressed the significance of Fink's endorsement. "Buy in from BlackRock - as well as other legacy firms like Fidelity - gives boomer advisors comfort and cover to make the allocation," Balchunas noted. The crypto world is buzzing. With big names jumping on board, Bitcoin's future looks brighter than ever. But as always in crypto, expect the unexpected. This rollercoaster ride is far from over.

Bitcoin's early adopters are stirring. On-chain data reveals a sudden flurry of activity from long-dormant wallets. These moves are turning heads in the crypto world. Whale Alert, a platform tracking large crypto transactions, spotted the action. They shared the news on X, formerly Twitter. A wallet containing 25 BTC, worth $1.43 million, woke up after 10.6 years. The gains are eye-popping. This stash was worth just $20,399 when acquired in 2013. That's a whopping 6,900% increase over a decade. But that's not all. Another wallet, even older, joined the party. It held 24 BTC, valued at $1.44 million. This one had been quiet for 11.3 years. The big splash came from a third whale. They moved 149 BTC, about $8.6 million, after 10.6 years of inactivity. Talk about a long-term hold! All told, these ancient whales shifted around $11 million worth of Bitcoin. It's a stark reminder of the fortunes made by early believers in the crypto king. This activity comes on the heels of other big moves. Crypto strategist Ali Martinez recently noted some serious selling. He found that major BTC investors dumped 50,000 BTC – worth $3.3 billion – in just 10 days last month. Miners are getting in on the action too. Martinez says they've been offloading their stashes to cash in on profits. This sell pressure contributed to a recent dip in Bitcoin's price. "Bitcoin miners have played a role in the recent BTC price correction, selling over 1,200 BTC, worth more than $79.20 million!" Martinez stated. Despite these moves, Bitcoin's price is holding steady. At the time of writing, it's trading at $57,933, up 1.06% in the last 24 hours. The crypto market never sleeps, and neither do its oldest whales, it seems.