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🚀 Bitcoin Rockets Past $109K as Pensions Dive In and Mainstream Adoption Soars

🚀 Bitcoin Rockets Past $109K as Pensions Dive In and Mainstream Adoption Soars

Author:
Cryptonews
Published:
2025-07-03 05:48:10
17
1

Wall Street's favorite volatile asset just hit escape velocity—again. Bitcoin's latest surge to $109,000 isn't just another bull run. This time, institutional heavyweights are fueling the tanks.

Pensions Get Skin in the Game

Retirement funds—yes, the same ones that spent years dismissing crypto—are now quietly allocating chunks of their portfolios to BTC. Nothing like double-digit returns to make skeptics reconsider their life choices.

Real-World Use Cases Go Vertical

From coffee shops to car dealerships, BTC payments are gaining traction faster than a DeFi exploit. Adoption metrics suggest we've crossed the chasm from 'internet funny money' to 'legitimate settlement layer.'

The Cynic's Corner

Meanwhile, traditional finance bros are still trying to short Bitcoin with leveraged ETFs—because clearly, fighting a 16-year uptrend has worked out so well for them.

Legal Clarity Emerges with Celsius vs. Tether Case

A U.S. bankruptcy judge has allowed Celsius to MOVE forward with a $4 billion lawsuit against Tether. The case centres on the alleged liquidation of 39,500 BTC, now valued at $4 billion, outside a contractually agreed 10-hour window. While some charges were dismissed, the core claim remains.

Judge Says $4 Billion Celsius Lawsuit Against Tether Can Proceed
► https://t.co/EtYAxrp61g https://t.co/EtYAxrp61g

— Decrypt (@DecryptMedia) July 2, 2025

This decision underscores U.S. court jurisdiction over global crypto entities operating through American financial or communication networks. It also highlights the increasing legal scrutiny within the crypto space.

While the lawsuit introduces short-term uncertainty, it reaffirms the need for enforceable agreements and transparent regulation.

Binance Pay Drives Crypto Payments in Europe

Adding to the bullish tone, Binance Pay has partnered with French fintech Lyzi to enable crypto payments at over 80 luxury establishments along the French Riviera.

Tourists and locals can now pay in Bitcoin, stablecoins, and over 100 cryptocurrencies without gas fees, with instant euro settlements provided to merchants.

Spend stablecoins & crypto in Cannes & share 9,999 EURI in rewards!

Pay with #Binance Pay & enjoy seamless, instant & gas-free crypto payments.

Details👉https://t.co/vuT5dj5Jaf pic.twitter.com/rwAjSeCwvt

— Binance (@binance) July 2, 2025

Notable participants include JW Marriott Cannes and high-end boutiques in Monaco. This initiative aligns with the region’s Web3 tourism push, backed by Cannes Mayor David Lisnard.

Binance is also offering a €5 EURI incentive for crypto purchases over €20 to accelerate adoption.

Bitcoin Technical Outlook: Rising Wedge Caps Breakout

Bitcoin remains supported above the 50-period EMA ($107,581), currently trading around $109,147. A rising wedge pattern is capping gains, with resistance at $109,764. A breakout above this level could trigger further upside to $110,809 or even $112,003.

Bitcoin Price Chart – Source: Tradingvir
  • Support Levels: $108,600, $107,287, $106,153
  • Resistance Levels: $109,764, $110,809, $112,003
  • Trade Bias: Bullish while above $107,500

  • Long Entry: Break above $109,800 on strong volume
  • Stop-Loss: Below $107,200
  • Target 1: $110,809
  • Target 2: $112,003

As long as Bitcoin remains above the rising wedge support and the 50-EMA, buyers are in control. A decisive breakout could signal the next leg higher.

BTC Bull Token Nears $8.8M Hard Cap as Presale Enters Final Hours

With Bitcoin trading NEAR $105,000, investor focus is shifting toward BTC Bull Token ($BTCBULL), a rising altcoin that is nearly fully allocated during its presale. As of today, the project has raised $7,844,655 of its $8,873,431 target, leaving under $1 million to be raised before the token price moves to the next tier.

Currently priced at $0.002585, early buyers have a limited time to enter before the subsequent price increase takes effect.

Bitcoin-Linked Tokenomics and Burn Mechanism

BTCBULL ties its value directly to Bitcoin’s price through two smart systems:

  • BTC Airdrops: Distributed to holders, with priority for presale participants.
  • Supply Burns: Triggered automatically when BTC rises in $50,000 increments.

  • APY: 55% annually
  • Lockups: None
  • Liquidity: Immediate
  • Total Pool: 1,925,149,417 BTCBULL

This staking model appeals to both DeFi veterans and newcomers seeking hands-off income. With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates.

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