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Avalanche (AVAX) has recorded a price increase of 4.21% today, July 21, to trade at $25, its highest price in two months. Because of these gains, AVAX price is now trading close to the resistance of a double bottom, and if it can make a strong move above this resistance, considering that network activity is
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Richard Teng, CEO of Binance, has offered his viewpoint on the implications that increasing trade tensions will have on the cryptocurrency markets. He hypothesized that while there may be short-term volatility, the Bitcoin price could possibly gain from global economic uncertainties. Teng commented on the markets’ impact from what he refers to as “the resurgence of trade protectionism” on global financial systems.
There’s been a lot of discussion about the recent tariff escalation, and I want to share my perspective on what this means for crypto markets both now and in the long term.
The resurgence of trade protectionism is introducing significant volatility across global markets — and…
— Richard Teng (@_RichardTeng) April 8, 2025
The comments come as Bitcoin briefly surged above $80,000 yesterday following reports that President Donald Trump was considering a 90-day pause on tariffs for all countries except China. These reports were later labeled “false” by the White House. This caused the cryptocurrency to retreat to around $78,000, where it currently trades.
Teng’s analysis provides that although market responses to the tensions in the short term would be negative, the long-run story for Bitcoin as a “non-sovereign store of value” will be supported through continued economic and policy uncertainty on the traditional side.
In detailing the current situation in the markets, Binance CEO Richard Teng pointed to the double role that tensions involving trade could have on cryptocurrency markets. “The resurgence of trade protectionism is introducing significant volatility across global markets — and crypto is no exception,” Teng stated in his tweet.
According to the top crypto exchange’s CEO, the immediate effect of these trade tensions tends to be negative, as investors adopt a cautious approach during periods of macroeconomic uncertainty. “In the short term, this kind of macro uncertainty tends to trigger a risk-off response, with investors pulling back as they wait to see how things unfold around growth, policy, and trade,” he explained.
Despite these short-term fluctuations, Teng expressed optimism about Bitcoin’s long-term prospects in an environment of trade tensions. He added that sustained economic volatility may even spur more interest in cryptocurrencies. “Looking ahead further, though, this environment could also spur interest in crypto as a non-sovereign store of value.”
Teng’s conclusion is shared by many cryptocurrency supporters who see Bitcoin as a substitute for mainstream financial systems when there is economic tension. He added that many long-term holders still perceive Bitcoin and other digital assets as strong in times of economic stress and changing policy dynamics.”
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Elon Musk has emerged as the most influential figure in crypto, surpassing US President Donald Trump. The top ranks of crypto influence also include current and former Congresspeople. Notably, only one non-US politician and one woman made it onto this influential list.
The analysis carried out by ApeX Protocol used data-driven metrics to identify and rank public figures who have the most influence in crypto today.
Earlier this month, trading platform ApeX Protocol released an in-depth analysis identifying crypto’s most influential voices. Their methodology combined estimated crypto holdings, net worth, and social media reach.
“What this ranking really shows is that crypto influence isn’t just about who has the biggest wallet. It’s also about who’s being listened to… That kind of mix is what makes the crypto space so unique right now. It’s not just tech or finance, it’s politics, communication, and culture all wrapped into one,” an ApeX spokesperson said.
Final scores were determined by total followers across X and Instagram, reflecting each figure’s ability to shape public opinion and attract attention to the crypto space.
The Tesla CEO and Dogecoin enthusiast surpassed President Trump as crypto’s most influential political figure. Musk’s substantial social media following of 221.2 million, where he frequently shares his crypto views, and his estimated $2 billion in crypto holdings, including corporate investments, propelled him to the top across all measures.
The sitting US President secured the second position. He commands 142.7 million followers on X and possesses the third-highest crypto portfolio, exceeding $1.3 million. A report published by the Democracy Defenders Fund earlier this year found that the President’s crypto assets make up 37% of his total wealth.
El Salvador President Nayib Bukele is the only non-US politician in the top 10. He holds an estimated $8.4 million in crypto assets and, despite initially making Bitcoin legal tender, later reversed this under pressure from the International Monetary Fund. He frequently engages with his 17.6 million followers on social media about crypto.
The current Secretary of Health and Human Services holds $750,000 worth of cryptocurrency in his portfolio. He has widely followed social media accounts totalling nearly 11 million.
Kennedy frequently refers to Bitcoin as the “currency of freedom.” He believes it offers a hedge against inflation for middle-class Americans and can act as a remedy against the devaluation of the US dollar, which he fears is at risk.
The current US Senator for Texas and former Solicitor General of his home state holds approximately $32,500 in cryptocurrency. He maintains a significant social media presence with 9.1 million followers across X and Instagram.
Cruz strongly advocates Texas as a Bitcoin mining and crypto hub for jobs, innovation, and growth. He champions Bitcoin and other cryptocurrencies as vital safeguards against government control and for financial freedom, emphasizing decentralization against overreach, unlike Central Bank Digital Currencies.
Following closely behind Senator Cruz, Vice President JD Vance emerged as a key influential figure in cryptocurrency, securing the sixth spot. His impact is drawn from his role in public office and his substantial social media reach of 6.2 million followers. His estimated crypto holdings of $375,000 place him ahead of most politicians.
Vance believes the US should strategically embrace Bitcoin, especially given China’s ban on cryptocurrency trading and mining. He suggests Beijing’s Bitcoin opposition should motivate the US to adopt it.
The Vice President has also commended the US government’s establishment of a Strategic Bitcoin reserve and consistently encourages the crypto community to remain politically active.
Madison Cawthorn, the 29-year-old former Republican US Representative for North Carolina, holds $116,500 in digital assets.
As the youngest public figure on this list, he maintains a significant social media presence with over 1.18 million followers. Identifying as a constitutional conservative, he demonstrates crypto’s appeal among a new generation of political voices.
Cawthorn generally favors crypto. He previously promoted the “Let’s Go Brandon” (LGB) coin, expressing bullish sentiments like “This is going to the moon.” Yet, his crypto dealings sparked controversy.
In December 2022, the House Ethics Committee determined he improperly promoted a token in which he held an undisclosed investment and received an “improper gift” through favorable terms.
A recent disclosure filed with the #US House of Representatives revealed that @RepCawthorn failed to report $950,000 in #crypto trades!
Why is this a problem? Read more in the link below!https://t.co/C1Gc1LPOXP pic.twitter.com/JjNgtMyHl6
— BeInCrypto (@beincrypto) June 9, 2022
He also failed to file timely transaction reports. Allegations of insider trading were investigated, though the Committee didn’t conclude he profited from non-public information.
Wyoming Senator Cynthia Lummis is a leading advocate for cryptocurrency in Congress, often called the “Queen of Crypto,” and is the only woman on this list to make the top 10.
She holds an estimated $230,000 in crypto reserves and commands an engaged social media following of over 390,000. Lummis currently chairs the Senate Banking Subcommittee on Digital Assets.
In March 2025, she reintroduced the BITCOIN Act to establish a US Strategic Bitcoin Reserve. Lummis also co-sponsored the GENIUS Act, which President Trump recently signed into law.
She supports the CLARITY Act, a bill that, if enacted, would establish a regulatory market structure for digital assets.
Miami Mayor and prominent lawyer Francis Suarez comes in second-to-last place with $10,000 worth of virtual currencies and over 200,000 followers across social media.
Despite being on the lower end of the net worth scale, the Republican mayor has gained significant national attention for his strong advocacy and ambitious cryptocurrency-related initiatives.
Suarez has actively pursued a vision to make Miami the “Bitcoin capital of the world” to drive economic growth and attract tech talent. His initiatives include accepting his salary in Bitcoin and enabling tax payments in crypto.
He also played a key role in launching MiamiCoin and actively recruits crypto businesses. Despite market volatility, he views Bitcoin as a “currency of freedom” and a vital tool for economic diversification.
American businessman and former Representative from Pennsylvania Pat Toomey rounds out the top ten with nearly $8,000 worth of crypto and almost 187,000 followers on social media.
As former Ranking Member of the Senate Banking Committee, Toomey championed the need for a defined regulatory framework distinguishing crypto commodities from securities.
Toomey was a key figure in stablecoin legislation, introducing the 2022 Stablecoin TRUST Act to ensure proper backing and transparency.
Michael Collins, a US Representative for Georgia, holds an estimated $8,000 in cryptocurrency. While he only has 130,000 followers across social media, his substantial $18.75 million net worth keeps him influential in the broader crypto conversation, placing him just outside the top 10.
Michael McCaul, a US Representative for Texas and the current House Foreign Affairs Committee Chairman, concludes the list of influential political figures in crypto.
He possesses the third-highest net worth in the ranking at an estimated $200 million. McCaul’s reported crypto holdings are tied to those of Michael Collins.
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The post Why is Virtuals Protocol Price Rising? Can it Reach $5 in Q2 2025? appeared first on Coinpedia Fintech News
During the last week of April, the crypto markets triggered a strong recovery, and most of the cryptos rebounded from their bottoms. Virtuals Protocol’s price also flipped after hitting the bottom below $0.6 and rose above $1.6. Multiple reasons account for the surge, and now that the token has triggered a strong upswing, the VIRTUAL price is expected to complete the parabolic recovery and experience another 130% upswing in the next few weeks.
The surge in the VIRTUAL price was followed by a popular exchange, Binance, which enabled deposits and trading by listing it. The listing led to stronger liquidity and new market interest as VIRTUAL became more easily accessible to all. Moreover, the Virtuals Protocol platform has launched the Genesis launch event, which was exploited by a project called PlayGame AI. Despite this, the token regained the trust of the investors, which materialised with the recent surge.
Now the question arises whether the VIRTUAL price will rise by another 100% after surging by over 200%?
The daily chart of VIRTUAL suggests the price has triggered a parabolic recovery and may follow the curve to rise and reach the neckline. After securing the range above the 50-day MA, the price has surged above the 200-day MA, which could further head towards a Golden Cross. On the other hand, the RSI has surged and entered the overbought range for the first time in 2025, validating the bullish claim. Therefore, the VIRTUAL price is believed to maintain a strong ascending trend and rise above the crucial resistance at $1.84 in a short while.
Here, the token may face some resistance. Once cleared, the next pitstop could be above $2.5, which may validate the beginning of a fresh bullish trend. Despite this, the on-chain data of Virtuals Protocol lags significantly behind the price, with a steep decline in the daily revenues that grew rapidly in the last few weeks of 2024. However, the buying volume has surged notably, which could keep up the momentum of the rally for the rest of 2025 and mark a new ATH above $7.
The post Why is Virtuals Protocol Price Rising? Can it Reach $5 in Q2 2025? appeared first on Coinpedia Fintech News
During the last week of April, the crypto markets triggered a strong recovery, and most of the cryptos rebounded from their bottoms. Virtuals Protocol’s price also flipped after hitting the bottom below $0.6 and rose above $1.6. Multiple reasons account for the surge, and now that the token has triggered a strong upswing, the VIRTUAL …