🚀 Crypto Bulls Charge: Bitcoin Targets New ATH as Ethena & SEI Show Explosive Potential – Europe Market Watch July 11
Digital assets roar back as institutional money floods the market – just as traditional finance finally admits it missed the boat.
Bitcoin flexes dominance
The OG crypto shakes off regulatory FUD like water off a duck's back, with on-chain data showing whales accumulating at key support levels. No surprise when BlackRock's ETF does more daily volume than most SPACs ever did.
Ethena's synthetic dollar play
DeFi's dark horse keeps gaining traction while TradFi bankers still argue about stablecoin regulations. The protocol's yield-bearing USDe positions itself as the anti-inflation hedge the Fed won't tell you about.
SEI's layer-1 surprise
The 'Ethereum killer' narrative gets fresh ammo as this rising chain processes transactions at speeds that make legacy finance systems look like dial-up. VCs quietly pile in while retail sleeps.
Another day, another reminder that the future of finance won't be built by guys in red suspenders arguing about basis points.
Bitcoin Weekly Forecast: BTC hits new all-time high and enters price discovery mode
Bitcoin (BTC) price prints a new all-time high near $118,900 on Friday, entering uncharted territory as bullish momentum accelerates. The surge in BTC was supported by rising corporate and institutional demand, with spot bitcoin exchange Traded Funds (ETFs) recording a total of $1.69 billion this week as of Thursday.
Ethena Price Forecast: ENA records double-digit gains amid Upbit listing, Coinbase partnership
Ethena (ENA) edges higher by 20% at press time on Friday, printing its fourth consecutive bullish day. The surge in buying pressure could be triggered by the increased volumes from the Korean market after the Upbit listing on Friday.
Furthermore, Ethena Labs’ announcement of a new hedging venue for its stablecoin, USDe, on Coinbase International Exchange (INTX) via Copper Clearloop fuels the bullish sentiment.
Sei Price Forecast: SEI bulls take control as Circle’s native USDC stablecoin and CCTP join its network
Sei (SEI) continues to extend its gains by nearly 8%, around $0.326 at the time of writing on Friday, after surging nearly 25% so far this week. The main reason for this ongoing rally is the announcement by Circle on Thursday that native USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) V2 will soon be available on the Sei network, sparking renewed investor interest. Additionally, onchain and derivatives data hints at rally continuation as SEI’s both Open Interest (OI) and Total Value Locked (TVL) hit record highs.
