Week of July 8 - 14, 2025

After the U.S. House of Representatives passed President Donald Trump’s “Big Beautiful Bill,” the House announced that it would review three cryptocurrency-related bills on July 14, 2025. These include the GENIUS Act, the Clarity Act—which outlines the structure of the digital asset market—and a bill opposing central bank digital currencies (CBDCs). The week has been dubbed “Crypto Week.”

Meanwhile, Spot Bitcoin ETFs continued to see steady net inflows throughout June. Publicly listed companies collectively purchased 65,000 BTC, valued at around $7 billion. Total cumulative investment is approaching $50 billion.

The U.S. SEC temporarily halted the conversion of the Grayscale Digital Large Cap Fund into an ETF—just one day after it was approved for trading. The agency is also currently reviewing ETF applications for other tokens, including Solana (SOL), Ripple (XRP), and Dogecoin (DOGE).

Standard Chartered forecasts that Bitcoin could reach $135,000 by the end of Q3, driven by capital inflows into spot ETFs, growing institutional interest, and potential approval of the U.S. Stablecoin Act.

Nano Labs, a Chinese microchip manufacturer, announced a $50 million investment in BNB, with plans to increase its holdings to as much as $1 billion, representing 5–10% of BNB’s total supply. The company’s stock price has surged 106% since the announcement.

The National Bank of Kazakhstan plans to establish a state-managed crypto reserve, which may consist of seized digital assets and crypto mined by the government. In May, President Kassym-Jomart Tokayev also announced the launch of “CryptoCity”, a pilot zone where crypto can be used for payments of goods and services.

Lastly, DeFi transaction fees have shown a strong recovery, reaching $577 million, a 58% increase from the April low. PancakeSwap generated the highest fee revenue, followed by Uniswap, Aave, and Maker.

Technical Analysis

Bitcoin (BTC)

Bitcoin (BTC) has successfully broken through resistance to reach a new high, signaling strong upward momentum as it moves to test the previous peak at $112,000. Meanwhile, the support level has shifted higher to around $105,000. The overall trend continues to exhibit a sideways-up pattern.

• Support: 3,400,000 THB / 105,000 USD
• Resistance: 3,700,000 THB / 112,000 USD

Ethereum (ETH)

Ethereum (ETH) is moving in a sideways-up pattern, with support at $2,400 serving as a potential entry point on pullbacks. The next resistance target remains at $2,850. A buy-on-dip strategy is still favored, with continued potential for recovery.

• Support: 77,500 THB / 2,400 USD
• Resistance: 92,500 THB / 2,850 USD
  
  

Bonk (BONK)

Bonk (BONK) delivered a 49.98% return over the past week, with price surging rapidly. It is advisable to wait for pullbacks before entering to help manage risk. The support level at $0.00001840 can be used as both an entry point and a stop-loss level, while the resistance target is set at $0.00002443.

• Support: 0.00060 THB / 0.00001840 USD
• Resistance: 0.00080 THB / 0.00002443 USD
  
  

Moo Deng (MOODENG)

Moo Deng (MOODENG) posted a 24.10% return over the past week. The recent price pullback presents a buying opportunity at the support level of $0.16341. The short-term profit-taking target is at $0.23818, with the overall trend showing signs of a bullish recovery.

• Support: 5.50 THB / 0.16341 USD
• Resistance: 7.50 THB / 0.23818 USD

Investment Trends

The U.S. stock market has reached new highs, supported by continued buying through ETFs, which is helping to drive Bitcoin prices and maintain upward momentum in the cryptocurrency market. Although retail investor buying has yet to return to normal levels, institutional investors continue to support the market.

Next week, dubbed Crypto Week, is expected to see the announcement of three new cryptocurrency-related bills, which could positively influence the market. Additionally, progress on the approval of ETFs for various altcoins by the U.S. SEC may further boost market sentiment.

Notably, the DeFi altcoin sector is gaining attention due to increased transaction volumes and higher fee revenue, along with new trading volume highs on centralized exchanges (CEX). Meanwhile, meme coins are seeing a resurgence of speculative interest as well.

Investment strategy: Focus on trading Bitcoin to capitalize on its potential to reach new highs, while gradually accumulating altcoins related to stablecoins and DeFi. Meme coins should be approached with a short-term speculative mindset, buying on dips.

References

• https://www.theblock.co/post/361036/house-gop-declares-crypto-week-consider-stablecoin-market-structure-cbdcs
• https://www.theblock.co/post/361174/bitcoin-faces-20-month-low-in-volatility-and-monthly-transactions-as-etfs-set-new-cumulative-inflow-record
• https://www.theblock.co/post/360865/us-sec-hits-pause-on-grayscale-crypto-etf-conversion
• https://www.theblock.co/post/360731/standard-chartered-corporate-bicoin
• https://cointelegraph.com/news/nano-labs-first-move-toward-1-billion-bnb-treasury
• https://cointelegraph.com/news/kazakhstan-establishes-a-national-crypto-reserve 
• https://www.theblock.co/post/360379/pancakeswap-pump-fun-help-push-defi-fees-to-2025-highs-as-onchain-activity-regains-momentum

Disclaimers

• Cryptocurrencies and digital tokens are highly risky; investors may lose all investment money. It is important to study information carefully and invest based on your own risk profile.
• Past returns or performance of digital assets do not guarantee future returns or performance. 

Remark: The views, information, knowledge, and opinions expressed herein are those of the individuals involved and do not represent the views of Bitazza or its employees. Neither this email nor the content presented constitutes investment advice.

Learn more on Bitazza Thailand Blog

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• Japan Proposes Reclassifying Crypto as Financial Products to Enable ETFs and Cut Taxes