Welcome back to the Hodl Report
Blink and you might miss it, Bitcoin just slapped a fresh record on the board, vaulting past the six-figure ceiling while the bulls toast with laser-eyed champagne. I’m digging into why the chart looks like it chugged a quadruple espresso, what Congress’s so-called “Crypto Week” means for the rally, and where the next FOMO-fueled push could take us. Scroll on if you’d rather front-run the herd than read their post-mortems.
Today’s Report
Trump’s Rate Rant Rockets Bitcoin Past $112K
🚨 Report
Bitcoin just staged its favorite party trick—smashing yet another record, this time vaulting above $118 k while Wall Street was still finishing its morning latte. The spark? A late-night Truth Social blast from President Trump demanding the Fed “rapidly” hack rates to match the surging equity indices. Cue a broad risk-on stampede: BTC brushed $118k, shrugged, and kept strutting. Ethereum and Solana happily drafted behind the king coin, while traders dusted off those “to-the-moon” memes they swore they’d retired. For now, dovish whispers are drowning out tariff tantrums, and crypto is back in full peacocking mode.
🔓 Key Points
Fresh ATH: BTC hit $112,599 on Thursday, eclipsing Wednesday’s first-ever trip past $112 k and beating May’s $111.9 k peak.
Trump’s Catalyst: The president’s post bragged that “Tech, Industrials & NASDAQ” were at record highs and pressed the Fed for immediate cuts—“NO INFLATION!!!” for punctuation.
Macro Tailwinds: Traders are betting dovish policy plus a wobbly dollar will keep ETF inflows humming; BitBull Capital’s Joe DiPasquale says sidelined cash poured in once BTC cleared $110 k.
Alt Rally: ETH popped near $2,900 (+5%), SOL tested $157 (+2%), confirming the tide lifted most large-caps.
Volatility Footnote: April’s tariff-induced swoon (sub-$75 k) is a fresh reminder that sentiment can turn sharper than a sushi knife.
🔐 Relevance
Rate-cut hopium plus presidential cheerleading is a heady cocktail—especially when you spike it with record ETF demand. But remember: every incremental high tightens the spring. Funding rates are inching frothy, on-chain momentum is clocking late-cycle vibes, and Fed resolve to stay “higher for longer” hasn’t actually snapped yet. If Powell blinks dovish, BTC’s next psychological wall sits in the mid-$120 k region; if he digs in, expect a whiplash test of liquidity holes left around $105 k. For savvy desks, the play is dynamic hedging: ride the momentum, but keep a short-dated put handy—political tweets age badly, and tariff spats tend to boomerang. Meanwhile, alt traders should watch ETH-BTC: underperformance there would signal rotation exhaustion. Bottom line: enjoy the fireworks, just keep one eye on the exit—because nothing sobers a moon-boy faster than a sudden gravity check.
Today’s Top News
Headlines
Congress sets ‘Crypto Week’ votes on stablecoin & market-structure bills — House Republicans scheduled floor votes on the GENIUS Stablecoin Act, Digital Asset Market Clarity Act and an anti-CBDC measure. Passage would define when tokens are commodities versus securities and impose 1:1 reserve rules on dollar-pegged coins. Lobbyists say the package could finally let U.S. banks enter crypto at scale.
Tornado Cash co-founder launches $1.5 M legal war-chest appeal — Roman Storm urged the community to crowdfund $1.5 million ahead of tomorrow’s trial, arguing the case will decide whether open-source privacy code is protected speech. He faces money-laundering charges tied to Tornado Cash. Privacy advocates warn a conviction could criminalize code itself.
Ethereum funds now pulling double Bitcoin’s weekly inflows — CoinShares data show Ethereum products attracted $226 million last week—twice Bitcoin’s pace—marking 11 straight weeks of inflows and $3 billion year-to-date. Analysts cite anticipation of U.S. spot-ETH ETFs and staking yields. Bitcoin products still lead in assets but are slowly ceding share.
US charges 2 men over $650M OmegaPro crypto scam — Prosecutors say the duo lured investors with promises of 300 % returns and funneled funds through shell companies and offshore wallets. Victims from dozens of countries may have lost life savings. Authorities are chasing assets amid fears most of the money is already gone.
Market Trendline
Price Action
Another Monday, another high score. Bitcoin smashed through $123K overnight before cooling to a totally-humble $122K, dragging the entire crypto casino — sorry, “asset class” — along for the ride. Total market cap flirted with $3.8 trillion as bears were force-liquidated back into hibernation.
Market Overview
Green everywhere: 98 of the top 100 coins printed gains in the last 24 hours, the third straight up-day.
ETF gushers: Spot-BTC funds hoovered up $3.4 billion this month, while ETH trackers booked a record $703 million weekly haul.
Volume ≠ leverage: Derivatives open-interest hit an all-time high, but funding rates are a tame 10% versus the frothy 80% peaks we’d rather forget.
Notable Movers
Bitcoin (BTC) ↑ 3.5% – New ATH at $123,153. Institutions keep BTFD-ing while Congress tees up “Crypto Week.”
Ethereum (ETH) ↑ 1.2% – Poked above $3 k for the first time since Feb; BlackRock’s ETH ETF just saw its fattest single-day inflow.
Solana (SOL) ↑ 2% – Hovering at $164 after $78 million poured into SOL-themed ETFs on mere rumor of a spot product.
XRP ↑ 25% (weekly) – ETF speculation + Grayscale lovefest ignite the OG bank-coin; price tapped $2.90 before RSI screamed for ice.
Macro View
Washington’s “GENIUS” (yes, really) stablecoin bill hits the House floor this week, alongside the CLARITY Act and an Anti-CBDC sideshow. With Trump waving the pom-poms, even TradFi is starting to treat crypto like an adult. Combine regulatory tailwinds with ETF FOMO and you get today’s melt-up.
Bottom Line
Policy momentum + ETF firehose = fresh highs and fresh hopium. Enjoy the euphoria, but keep one finger near the eject button; Congress can still rug, and funding rates only stay “sane” until they don’t.
Today’s Top Meme
Memes are Life
It’s beautiful. #Bitcoin
— #Carl ₿ MENGER ⚡️🇸🇻 (#@CarlBMenger)
9:42 PM • Jul 10, 2025
Today’s Top Tweet
Crypto Twitter Never Sleeps
Crypto follows a 4-year (ish) cycle based on the 4 Macro Seasons:
🟢 Spring: Accumulation
☀️ Summer: Banana Zone
🍂 Fall: Peak
❄️ Winter: CrashWe’re entering Summer 2025 — the part where things go vertical.
That’s when most people FOMO in or sell too late.
— #Real Vision (#@RealVision)
3:23 PM • May 20, 2025
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