A look at how Trump's rate cut calls, a potential Nasdaq Dogecoin Trust, and innovative Bitcoin utility solutions are shaping the crypto landscape.

Trump, Nasdaq, and Bitcoin: Riding the Crypto Wave in 2025

In the ever-evolving world of crypto, 'Trump, Nasdaq, Bitcoin' are creating interesting dynamics. From Trump's influence on market sentiment to Nasdaq's potential embrace of Dogecoin and advancements in Bitcoin utility, here’s the lowdown.

Trump's Rate Cut Calls and Bitcoin's Surge

July 10, 2025, saw Bitcoin hitting new all-time highs, soaring past $113,700. A key catalyst? None other than former President Trump renewing calls for rate cuts. This injected macro optimism into the market, fueling a speculative frenzy. As Trump's social media activity keeps influencing market sentiment, traders are keeping a close eye on his pronouncements.

The derivatives market went wild, with liquidations surging as Bitcoin touched $113,000. A staggering $652.7 million was wiped out in 24 hours, with short positions accounting for a whopping 88% of the losses. This aggressive trading highlights the strong bullish sentiment driving Bitcoin's price discovery.

CZ's Cryptic Message and Market Sentiment

Changpeng Zhao (CZ), former Binance CEO, added fuel to the fire with a cryptic message on X: "Hope you bought the dip." Despite his recent legal battles, CZ remains a key opinion leader, and his words carry weight. The message, viewed nearly a million times, is widely seen as an endorsement of Bitcoin's long-term potential.

Nasdaq's Dogecoin Trust: A Meme Coin Goes Mainstream?

Meanwhile, Nasdaq is considering a Dogecoin Trust, potentially opening the floodgates for institutional investment in meme coins. This move could legitimize Dogecoin, transforming it from an internet joke into a tradable asset. The trust would allow investors to gain exposure to DOGE without directly holding the tokens, addressing custody and compliance concerns that have kept institutions on the sidelines.

The proposed trust aims to bridge the gap between retail excitement and institutional accountability. It would require robust custody and audit systems, increased transparency, and adherence to regulatory standards. While challenges remain, such as governance issues and performance tracking, the trust represents a turning point in crypto legitimacy.

Bitcoin's Expanding Utility: Alchemy Pay and Yala Partnership

In other news, Alchemy Pay and Yala have joined forces to enhance Bitcoin liquidity and usability. Their collaboration introduces the Yala Yeti Card, allowing users to spend their Bitcoin without selling it. This card integrates with Alchemy Pay's infrastructure, enabling seamless transactions between DeFi and traditional merchant networks.

Yala's PayFi Universe allows users to generate yields from their Bitcoin holdings, which can then be used for daily expenses. This innovative approach addresses a major barrier to Bitcoin adoption, making it more practical for everyday transactions. This is all about making Bitcoin a useful currency, not just a store of value.

Looking Ahead: Volatility and Opportunity

Bitcoin is firmly in price discovery, expect short-term volatility. If bulls hold the $110K level, the next target is $120,000. However, profit-taking could trigger rapid corrections. Keep an eye on support levels at $107,000 and $102,000.

The MACD indicator is bullish, and Bitcoin is trading above its 20-day SMA. This technical alignment suggests continued upward momentum if buyers maintain control. Keep an eye on those Bollinger Bands, folks!

Final Thoughts: Crypto's Wild Ride

From Trump's tweets to Nasdaq's potential embrace of Dogecoin and Bitcoin's increasing utility, the crypto world remains as dynamic as ever. Whether you're a seasoned investor or just dipping your toes in the water, buckle up—it's going to be an interesting ride!

News data source: kdj.com

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