Bitcoin Surpasses $120,000, Reaches New Record
Bitcoin started the week strong, reaching an all-time high of $121,249. Institutional inflows into spot Bitcoin ETFs are said to have been particularly influential in this rise. Last Thursday, $1.18 billion flowed into Bitcoin ETFs, the highest daily inflow of 2025.
BTSE COO Jeff Mei emphasized that long-term institutional buyers are the main force behind the rally, predicting that the price could reach $125,000 in the next few months. The Trump administration’s reigniting trade wars could create short-term volatility, but institutional investors are reportedly heeding their positions in Bitcoin, ignoring such geopolitical risks. Additionally, the fact that the US Congress will begin debating bills this week that would provide a clear legal framework for digital assets also supports expectations.
EU and Mexico React Strongly to Trump’s New Tariff Threat
US President Donald Trump’s threat to impose 30% tariffs on imports from the European Union (EU) and Mexico starting August 1 has generated concern in international trade circles. EU Commission President Ursula von der Leyen stated that “proportionate countermeasures” could be taken against this move, while Mexican President Claudia Sheinbaum emphasized that her country’s sovereignty was non-negotiable.
Trump said he would increase taxes even further if the EU or Mexico retaliated. Trump’s letter argued that the EU has fallen short of the principle of reciprocity in trade, while Mexico was criticized for not doing enough on border security. Statements from EU countries France and Germany also reflected these concerns. French President Macron stated that he “strongly rejects” the decision, while the German automotive sector is concerned about cost increases. While the EU is still keeping the door open for negotiations, some officials in Brussels are arguing that countermeasures should be put in place swiftly as of Monday.
Tether Ends USDT Support on 5 Networks
Tether announced that it will end USDT support on five less-used blockchain networks as of September 1, 2025. These networks include Omni Layer, Bitcoin Cash’s Simple Ledger Protocol, Kusama, EOS, and Algorand. The decision is driven by the significant decline in USDT usage on these networks over the past two years and the company’s desire to direct resources to more active platforms.
Tether CEO Paolo Ardoino stated that this move will allow the company to focus on more scalable, developer-friendly, and community-active platforms. Tether will now focus on Layer 2 solutions like the Lightning Network and new blockchains that offer fast transactions and robust vehicle support. While more than 95% of the total supply of USDT is currently circulating on Tron and Ethereum, only Solana holds just over 1%. The company invites its users to migrate their USDT from their respective networks to supported networks as soon as possible.
Emirates and Dubai Duty Free to Accept Litecoin Payments in 2026
Emirates Airlines and Dubai Duty Free are preparing to accept payments with several cryptocurrencies, primarily Litecoin (LTC), by 2026. Passengers will be able to use leading cryptocurrencies such as BTC, ETH, CRO, DOGE, SHIB, and USDC for payments for flights and in-flight services. This step aims to appeal to young passengers familiar with the digital world and digitize the travel experience.
The initiative was announced as the product of a new partnership with Crypto.com, and Emirates executives also attended the announcement. This move, aligned with Dubai’s goal of becoming a global crypto hub as part of its “D33 Agenda,” is a significant step in the integration of cryptocurrencies into daily life. Emirates aims to prioritize security and full regulatory compliance in its payment systems, offering passengers both flexibility and a secure payment experience.
SharpLink Continues Ethereum Acquisitions
SharpLink Gaming continues to expand its Ethereum strategy. The Nasdaq-listed company purchased 16,374 ETH for approximately $48.85 million on Sunday. This purchase follows on the heels of Friday’s purchase of 21,487 ETH from the Ethereum Foundation, worth $63.7 million. The latest transaction involved a transfer from one of Galaxy Digital’s OTC wallets.
SharpLink has been shifting its focus towards a crypto reserve strategy since Ethereum co-founder Joseph Lubin joined SharpLink as president at the beginning of the year. Lubin stated that the ETH holdings were not just an investment, but rather intended to support the long-term Ethereum ecosystem. The company’s total Ethereum reserves now stand at 216,000 ETH, or approximately $648 million. This is the second-largest institutional ETH reserve after the Ethereum Foundation. SharpLink shares rose 71% last week due to these moves and reached $23.20 by Sunday night trading, up more than 7%.
Upexi Raises $200 Million to Strengthen SOL Treasury
Upexi, which is attracting attention with its Solana-focused treasury strategy, announced that it has raised $200 million in a new financing round. The company, currently traded on Nasdaq, will use these funds both to meet its operational needs and to increase its SOL purchases. The funding; The funds will be secured through a $50 million private share sale and a $150 million secured convertible bond issuance.
With this latest investment, the company will hold approximately 1.65 million SOL, bringing its Solana treasury to $270 million. This size will make Upexi the largest SOL treasury among publicly traded companies. UPXI shares, which rose 300% after the initial SOL investment, rose 7.8% to $5.39 following this latest announcement. However, the stock has fallen 58% in the last month. Despite this, it appears to have gained 53% since the beginning of the year.
Metaplanet Purchases Another 797 BTC, Total Reserves Reach 16,352 BTC
In the week that Bitcoin reached record highs, Japanese investment firm Metaplanet announced the purchase of another 797 BTC worth $93.6 million. With this latest purchase, the company’s total Bitcoin reserves have increased to 16,352 BTC, or approximately $1.64 billion.
CEO Simon Gerovich stated that the purchase was made at an average price of $117,451. Metaplanet, which has set a target of 210,000 BTC of Bitcoin by 2027, is now the world’s fifth-largest public BTC holder. The company plans to acquire businesses that generate cash by borrowing against its Bitcoin reserves.
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BITCOIN(BTC)
Bitcoin (BTC) is trading at $122,179 as of this morning, gaining 2.61%. The price’s breakout from the strong resistance area at $111,924 boosted upward momentum and pushed BTC to a new all-time high.
Following this rise, the $118,175 and $115,546 levels are now key support areas in the short term. However, if the price continues at this pace, the psychological $125,000 level could become a new target.
ETHEREUM(ETH)
ETH is priced at $ 3,026 with a 1.80% gain in value as of the morning hours. With the recent upward momentum, the resistance zone at $ 2,907 was overcome with volume and ETH started to push the psychological $ 3,000 threshold.
If it is maintained above the $ 3,031 level in the short term, the next target may be the $ 3,165 band. However, profit taking that may occur after the rise should be carefully monitored. In case of possible pullbacks, the $2,907 – $2,832 range can be followed as support.
RIPPLE(XRP)
XRP is priced at $2.94 as of the morning hours with a 2.66% gain in value. With the sharp upward movements experienced in recent days, the price managed to leave important resistances behind in a short time and maintained stability above the $2.85 level.
In the continuation of the upward movement, the $3.04 and then the $3.15 levels stand out as resistance. However, these areas are also areas where selling pressure has intensified in the past and should be followed carefully. In possible corrections, the 2.85 – 2.75 dollar band can be monitored as support.
AVALANCHE(AVAX)
AVAX is trading at $21.66 with a 2.22% gain as of the morning hours. With the influence of strong buying in recent days, the price broke above both the falling trend line and the horizontal resistance at $19.86, gaining notable momentum.
Currently, AVAX has entered the resistance area between $21.52–22.59. This band is being closely watched as it has been the area where sharp sell-offs have occurred in the past. If this zone can be cleared on the upside, the price is likely to start a new upward wave towards $24 and above. However, in case of rejection, the first support is located around $ 19.86, and maintaining this level is critical for the healthy continuation of the rise.
SOLANA(SOL)
SOL is traded at $166 levels with a 3.01% gain as of the morning hours. The price broke above both the $157.75 intermediate resistance and the falling trend line with a strong upward momentum in the short term. This breakout shows that buyers are strengthening their control of the market from a technical perspective.
Currently, the $168.22 level stands out as an important resistance point. If this level is broken, the next target for the price can be the resistance zone at $173.66. Otherwise, the $157.75 level can be watched as the first strong support. As long as this level is stayed above, the positive outlook can be expected to be maintained.
