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Ahead of the August 12 deadline, U.S. President Donald Trump has moved to extend the pause of his tariffs on goods from China. This extension of China’s tariff deadline has sparked bullish sentiments, leading to a spike in the BTC price. Trump Extends China’s Deadline, BTC Price Jumps According to a CNBC report, the U.S.
The post Trump Extends China Tariffs Pause by 90 Days, BTC Price Bounces appeared first on CoinGape.
As we enter the first week of July 2025, the crypto market is gearing up for a series of significant token unlocks. Among the standout projects unlocking tokens are Sui (SUI), Ethena (ENA), and ZetaChain (ZETA).
These unlocks represent a crucial shift in token supply, which could lead to market volatility and potentially influence price movements in the short term.
Sui is a high-performance blockchain designed to provide scalability, low latency, and an architecture for decentralized applications (dApps). It distinguishes itself with an object-centric data model and the Move programming language, which seeks to address inefficiencies in existing blockchain architectures.
On July 1, the network will release 44 million SUI into the market, continuing its trend of cliff unlocks at the beginning of the month. The tokens are worth $122.3 million and represent 1.3% of the current circulating supply.
The unlocked tokens will be split 4 ways. The largest share, totaling 19.32 million SUI, is earmarked for Series B. Community Reserve will receive 12.63 million tokens. Early Contributors will gain 9.98 million tokens. Lastly, Mysten Labs Treasury will get 2.07 million SUI.
Meanwhile, SUI’s value has appreciated 11.3% over the past week. However, as the unlock nears, the price is down 1.4% over the past day.
Ethena is a decentralized protocol built on the Ethereum blockchain. It provides a crypto-native alternative to traditional stablecoins. The protocol’s primary offering is USDe, a synthetic dollar stablecoin. Meanwhile, ENA is Ethena’s governance token.
The protocol will unlock 40.63 million tokens worth $10.9 million. The Foundation will receive all of the unlocked tokens, which account for 0.67% of the circulating supply.
The token unlock comes amid ENA’s less-than-strong start to the week. It dipped 0.2% over the past day. However, weekly gains stood strong at 10%.
ZetaChain is a blockchain that enables interoperability across various blockchain ecosystems, including those without native smart contract support, like Bitcoin and Dogecoin. It aims to unify the fragmented blockchain space.
On July 1, the network will release 44.26 million ZETA tokens, valued at $7.9 million. Core Contributors and the Protocol Treasury will get 13.13 million ZETA and 12.83 million ZETA, respectively.
Purchasers and Advisors will receive 9.33 million ZETA. The network has also allocated 5.25 million tokens to the Ecosystem Growth Fund.
The User Growth Pool will gain 2.63 million ZETA. Finally, 1.09 million tokens will be kept for Liquidity Incentives.
Similar to the other two altcoins, ZETA has also seen minor declines of 0.6% over the past day while rising 8.0% in the last seven days.
In addition to these three, Neon (NEON), Renzo (REZ), and dydx (DYDX) will also experience new supply entering the market. Over the next seven days, the market will welcome tokens worth more than $484 million.
The post 3 Token Unlocks to Watch in the First Week of July 2025 appeared first on BeInCrypto.
United States President Donald Trump is not giving up on his plans to make nations like China accept the terms of his reciprocal tariffs, which he unveiled last week. Countries have started announcing counter-tariffs, exacerbating the long-drawn trade war that has continued to affect the crypto market.
As President Donald Trump revealed and broadcasted on X, the US will levy an additional 50% tariff on China if the Asian giant fails to lift its 34% counter tariff. After Trump’s reciprocal announcement on April 2, China responded with a 34% level.
This move was unacceptable to President Donald Trump, who said China has already imposed a record-setting tariff. The US President’s ultimatum to China was April 8, and if the nation fails to comply, it will respond in kind with 50% of the import charges.
In his post on Truth Media, the US President noted that his administration will continue to negotiate with other countries that have reached out. However, he said all negotiations with China would be halted immediately if China’s levy on US imports were not lifted.
Mexico, Canada, Japan, and the European Union are among the nations looking for a renewed deal with the US.
As seen in the crypto market over the past few weeks, the sentiment around the trade war has sparked concerns about nascent asset classes. As reported earlier by CoinGape, Bitcoin crashed to $74,00 on concerns that more tariffs and economic instability are in view.
The same bearish outlook is seen for all the altcoins, from XRP to Solana and Cardano. Beyond this outlook, the current trend suggests no aspect of the market is safe, with intense volatility still at play.
Considering the nature of stock market losses, the industry is now very sensitive to fake news. Earlier, BTC’s price rebounded to $80,000 on a fake update that President Donald Trump had suspended the tariff implementation for 90 days. If the countries do not reverse the trend, more fluctuations may come.
At the time of writing, the price of Bitcoin has pared off some of its losses and was trading at $78,961.40, down by 1.6% in 24 hours. Within this period, the coin has moved between two price extremes, including a low of $74,436 and a high of $81,119.06.
Altcoins are also also staging a comeback with Ethereum trading for $1,556.42 atop a 7.01% decline. XRP, Dogecoin and Solana are also down by 6.04%, 5.11% and 3.31% as of writing.
Market experts like Arthur Hayes have predicted Bitcoin dominance to hit 70% with the market likely to stage a rebound. If achieved, altcoins may also stage a sustained rebound moving forward.
The post Donald Trump Threatens Additional 50% Tariff on China, How Will Crypto Market React? appeared first on CoinGape.
“God Candle” is a technical term used to describe a massive green candlestick on a price chart, indicating a sudden and sharp price surge within a short time.
In 2025, several altcoins are considered strong candidates to form God Candles. Ethereum (ETH), XRP, and Pi Network are the most anticipated.
The “God Candle” phenomenon often attracts investors due to its potential for outsized returns, especially when triggered by positive news, whale movements, or shifts in market sentiment.
Ethereum, the second-largest cryptocurrency by market cap, is drawing attention due to heavy accumulation by publicly listed companies. Analysts forecast that institutional demand could absorb the newly issued ETH following The Merge.
This strong demand is key to predicting a potential god candle for Ethereum.
“ETH is so ready to go absolutely vertical,” crypto expert Michaël van de Poppe said.
Analyst Alek predicted that ETH could rise to $4,000 in August.
“ETH right now is in consolidation phase and getting ready for the god candle,” Alek predicted.
XRP is the next contender. It’s a unique altcoin in the current market, attracting retail and institutional investors. The XRP community believes that ProShares launching an XRP futures ETF is a stepping stone to a spot ETF.
On Polymarket, the odds of a successful spot ETF approval have reached as high as 90%. A spot ETF could attract up to $100 billion into XRP, sparking a sharp price rally and potentially creating a god candle.
Because of this, some analysts are comparing XRP’s past price surges to anticipate a similar breakout. Historical charts show that XRP often forms monthly candles with large upward ranges.
“ANOTHER god CANDLE LOADING FOR XRP,” analyst Mikybull predicted.
Some investors are even more optimistic. They expect a July god candle for XRP to kick off a rally to $10 by 2025.
Despite being a controversial project, Pi Network still boasts one of the most loyal and active communities among altcoins.
Recent analysis shows that Pi’s price has stabilized, while exchange transfers have increased. Positive project news has come and gone, but Pioneers are now waiting for a bigger announcement: a Pi listing on Binance.
“Binance is one of the biggest exchanges in the world. If $Pi officially gets listed there, it could be a game-changer for price, volume, and adoption!” Pi UpdatesDaily said.
Pioneers believe this listing could push Pi to $10—or even as high as $314.
While it remains uncertain whether Binance will list Pi, the community has spotted some signs pointing in that direction. Binance has also previously surveyed users about the potential listing.
“There is no doubt that PI will have its biggest green candle soon,” Pi News predicted.
Although Ethereum, XRP, and Pi Network offer significant upside potential with the possibility of god candles, a report from Kaiko highlights a growing gap between Bitcoin and altcoins. Bitcoin continues to lead in both performance and stability.
“Bitcoin’s risk-adjusted returns now outpace most altcoins, with its Sharpe ratio surpassing high-flyers like SOL and XRP,” the Kaiko report stated.
This suggests that while altcoins might break out, they remain highly speculative and more prone to volatility in the current cycle.
The post 3 Altcoins Analysts Say Could Ignite ‘God Candles’ in 2025 appeared first on BeInCrypto.