Anthony Pompliano’s ProCap BTC has acquired 3,724 Bitcoin for about $387 million to strengthen its balance sheet. The Bitcoin purchase for its balance sheet followed Monday’s announcement of a proposed $1 billion quest to accumulate more BTCs via a strategic merger with Columbus Circle Capital Corp. (NASDAQ: CCCM).
The company has already managed to raise $750 million, after selling $516.5 million in equity and $235 million in convertible notes. As a result, the ProCap BTC investors have a direct exposure to the flagship coin and in a regulated manner.
“If you can’t beat it, you buy it,” the announcement highlighted.
Rising Institutional Adoption of Bitcoin
According to market data from BitcoinTreasuries, 245 entities now hold more than 3.45 million BTCs for their respective treasury management. The palpable success of Strategy and MetaplanetMetaplanet has convinced other companies globally to follow in the same path.
The pro-crypto legislations in the United States have helped attract more institutional investors into the Bitcoin market. Furthermore, the Federal Reserve has identified BTC as a digital gold, thus heavily influencing states that have implemented strategic Bitcoin reserves bills.
The undeniable success of the U.S. spot BTC ETFs is a clear indication of the high demand of the flagship coin by institutional investors.
What Next for BTC Price?
Bitcoin price has been hovering around a crucial crossroads that could either result in a parabolic rally or further midterm correction. Despite the notable high demand for Bitcoin by institutional investors, the flagship coin faces intense selling pressure from over $12 billion in short leveraged positions entered around $112k.
Consequently, if the BTC price does not consistently closes above $110k in the coming weeks, a retrace below $100k will be inevitable in the next three months.
Binance Futures trading volume skyrocketed to $2.55 trillion in July 2025, its highest since January, according to CryptoQuant. The surge came as volatility returned to the market, triggering aggressive moves from both institutional and retail traders. Sharp price swings in Bitcoin and altcoins helped spark a rush into derivatives, pushing Binance far ahead of its competitors.
Altcoins Take the Wheel
One of the biggest drivers was the shift toward altcoins. Ethereum and altcoin futures volumes hit $223.6 billion in July, the highest in five months. Altcoins now make up a massive 83% of Binance Futures activity, while Bitcoin’s share has dropped to just 17%. This rotation reflects traders seeking higher‑beta plays in the likes of Solana, BNB, and XRP, all of which delivered double‑digit gains last month.
Institutional Ethereum Buying Adds Fuel
The rally was further supported by institutional accumulation of Ethereum. SharpLink Gaming boosted its ETH holdings to 438,190 ETH (~$1.6B) in mid‑July, while BitMine Immersion Technologies holds over 833,000 ETH. Together, institutions now control more than 2.3 million ETH, nearly 2% of the total supply. This large-scale buying has strengthened ETH’s momentum, driving more speculative activity in ETH-linked futures.
Binance’s Market Dominance Remains Unmatched
While rivals also enjoyed a busy July, OKX hit $1.09 trillion in futures volume, and Bybit reached $929 billion, Binance still controls more than half of the global derivatives market. On the spot side, global volumes hit $1.77 trillion, with Binance handling $706 billion, cementing its position as the undisputed leader in both spot and derivatives.
Multiple indicators suggest we could be entering an altseason. Bitcoin dominance has dropped below 61%, altcoins dominate futures trading, and retail participation is climbing, with transactions under $10K up nearly 10% month‑over‑month. Importantly, only 23 out of 424 Binance futures pairs have posted losses since Bitcoin’s latest all‑time high, showing strength across the board.
Outlook for the Rest of 2025
The July spike in Binance Futures activity was driven by a perfect storm of volatility, institutional ETH buying, and a clear rotation into altcoins. If these trends hold, both retail and institutional traders could keep fueling the rally into the second half of the year, with altcoins likely to remain at the heart of the action while Bitcoin takes a back seat.
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Binance Futures trading volume skyrocketed to $2.55 trillion in July 2025, its highest since January, according to CryptoQuant. The surge came as volatility returned to the market, triggering aggressive moves from both institutional and retail traders. Sharp price swings in Bitcoin and altcoins helped spark a rush into derivatives, pushing Binance far ahead of its …
Dogecoin price holds steady above $0.16, showing resilience amid Tesla’s $30B stock decline and broader market volatility this week.
Dogecoin Price Stabilizes as Tesla Loses $30 Billion Amid Trump’s Tariff Shock
Dogecoin (DOGE) has stabilized above the $0.16 level, showing notable resilience despite broader volatility in the crypto and equity markets.
After briefly dipping to $0.12 last Wednesday, following former President Donald Trump’s surprise announcement of sweeping tariffs, DOGE rebounded and currently trades 4% higher from that weekly low.
Dogecoin price action, April 6 | Source: CoinMarketCap
DOGE resilient price performance aligns with a broader trend: top cryptocurrencies increasingly decoupling from the volatility that plagues traditional equities and commodities.
Tesla Takes $30 Billion Hit as Elon Musk Faces Political Pressure
Tesla (TSLA) stock has emerged as one of the most heavily impacted assets in the wake of Trump’s trade announcement. U.S. equities suffered a dramatic selloff, with the Dow Jones Industrial Average plunging over 3,000 points and the S&P 500 falling by 8% within five trading sessions.
As expected, Tesla (TSLA) stock price took a major hit due to Elon Musk’s prominent role in the Trump administration’s newly-formed Department of Government Efficiency.
Tesla (TSLA) stock loses $30B after Trump’s tariff, April 6 2025 | Source: NASDAQ
With the electric vehicle giant thrust into political and economic crossfire, Tesla shares currently trade at $239, down 4% on the week and 10% over the past 30 days.
At a current market cap of $750 billion, over $30 billion in shareholder value has been erased since the tariffs were announced.
Is Dogecoin Price Finally Decoupling from Elon Musk’s Influence?
Against this backdrop, Dogecoin’s stability above $0.15 has raised questions: is DOGE beginning to decouple from Elon Musk’s influence?
1. Musk’s Influence on DOGE Is Fading
Elon Musk, long seen as a de facto mascot for the Dogecoin community, has historically had influence over DOGE price action.
In past years, events such as Tesla’s earnings calls, SpaceX launches, and even cryptic tweets from Musk often triggered short-term rallies in DOGE price.
But recent events suggest a shift in sentiment. In January 2025, DOGE price briefly tested yearly timeframe peaks above $0.40 after Musk’s government office teased a DOGE logo on its official site.
Speculation quickly spread that Dogecoin might be adopted for government-related transactions. However, Musk personally clarified last week that the administration has “no current intention” of adopting DOGE for official use—promptly quashing those rumors.
Another key factor behind Dogecoin’s decoupling from Elon Musk’s influence is Trump’s private crypto interests In March, the administration announced its “Crypto Strategic Reserve,” which conspicuously excluded Dogecoin. The move was seen by many as a sign that DOGE would not receive institutional or governmental support.
Adding to the sentiment, Trump launched his own memecoins—TRUMP and MELANIA—during his inauguration.
These tokens, alongside WLFI, a pro-Trump crypto PAC, have since dominated the altcoin narrative, effectively crowding out Dogecoin from the political meme coin arena.
This exclusionary stance diminishes the likelihood that Dogecoin will receive direct endorsements or adoption from the current administration, despite Musk’s presence within it.
3. Dogecoin Remains Insulated from Tesla’s Trade War Risk
Dogecoin’s price resilience also stems from its insulation from the economic risks now weighing on Tesla.
While Tesla faces serious exposure to retaliatory tariffs from major trade partners like China and Canada—threatening its supply chain and Q2 earnings—Dogecoin operates independently of such traditional business cycles.
The memecoin’s lack of ties to physical goods, manufacturing, or logistics shields it from geopolitical shocks that affect multinational corporations.
As a result, DOGE appears increasingly insulated from Tesla’s financial performance and the broader trade war fallout.
DOGE Price Forecast: $0.15 support cluster must Withstand Short-term Risks
Dogecoin’s stable price action this week, despite Tesla losing $30 billion in market value, signals a maturing market dynamic. Investors are beginning to view DOGE as an asset less exposed to Elon Musk’s influence and more driven by its own market fundamentals.
From a technical standpoint the current Dogecoin price forecast signals lean neutral-to-bearish.
After a brief 5.14% recovery over three sessions the two consecutive red candles that followed now put the immediate support at $0.15 at risk.
Since closing Friday at $0.16, Dogecoin struggles to hold above the 20-day EMA resistance at $0.17. This rejection at the moving average signals insufficient buying pressure to drive the next leg-up.
Dogecoin price
Beyond that, Dogecin trading volumes remains flat at 402.82 million DOGE, showing weak conviction from bulls.
The True Strength Index (TSI) also slipped to -0.82, a clear sign of continued bearish momentum. With TSI below the zero line, a downside continuation is likely if demand doesn’t resurface soon.
If bears push below $0.15, the next downside target lies at $0.142—where DOGE last found support on April 3. On the upside, bulls must reclaim the $0.17 level to target the stronger resistance cluster between at $0.20, near the 50-day EMA.
PI has staged a remarkable comeback after plunging to an all-time low of $0.40 on April 5. Amid a broader market recovery over the past week, the altcoin has seen a resurgence in demand, driving its price up 84% from its recent bottom.
With the bulls attempting to strengthen market control, PI could extend its gains in the short term.
Additionally, the histogram bars, which reflect the strength of that momentum, have gradually increased in size over the past few days, highlighting the growing demand for the altcoin.
When an asset’s MACD is set up this way, upward momentum is building, and buyers are gaining control. PI’s MACD crossover is a bullish signal, suggesting the potential for continued price gains as buying pressure increases.
In addition, PI’s positive Balance of Power (BoP) reflects the growing demand for the altcoin. As of this writing, the indicator is at 0.52.
The BoP indicator measures the strength of buyers versus sellers in the market, helping to identify momentum shifts. When its value is positive, buyers are dominating the market over sellers and driving newer price gains.
Is $1 Within Reach?
PI’s ongoing rally has caused its price to trend within an ascending parallel channel. This bullish pattern is formed when an asset’s price consistently moves between two upward-sloping, parallel trendlines.
It signals a sustained uptrend, with PI buyers gradually gaining control while allowing short-term pullbacks. If the rally continues, PI could exchange hands at $0.95.
