Why is Crypto Up Today? Pi Crypto Price, XRP News, Dogecoin and Ethereum Price

Filecoin’s price surged as much as 9% in the past 24 hours, rising from $2.24 to $2.44, supported by strong volume and a solid support around $2.30. The rally comes as Bitcoin recently crossed the $110K mark, lifting sentiment across altcoins. Earlier this month, FIL jumped 14% to $2.35 following easing tensions in the Middle East. As of now, Filecoin is trading around $2.42, up 7.4% in the past day and over 8% in the past week.

Abu Dhabi is set to launch the MENA region’s first blockchain bond, which is a big step toward tokenized finance in the Middle East. The bond will be issued by First Abu Dhabi Bank (FAB) using HSBC’s Orion platform and traded on blockchain. This would mean faster settlements, more transparency, and lower risk. Global investors can access it through major systems like Euroclear, Clearstream, and Hong Kong’s Central Moneymarkets Unit. ADX CEO Abdulla Salem Alnuaimi says that this move paves the way for future digital assets like green bonds and real estate tokens.

JP Morgan says that the $1T–$2T stablecoin forecasts from analysts are ‘Too Optimistic,’ and predicts $500B by 2028. The analysts at the bank note that about 88% of the stablecoin demand comes from crypto uses like trading, DeFi, and holding idle funds. Payments only account for 6%. Even with optimistic assumptions, the report says payment adoption would only slightly boost market size. The bank also doubts that there will be a major shift from traditional finance into stablecoins due to low returns and the hassle of switching between cash and crypto.

Bitcoin recently surged past $110,000 after a month. This has reignited discussions in the crypto community with further predictions by analysts. Some predict that Bitcoin could reach $135,000 by the third quarter of 2025 and possibly $200,000 by the year-end. Top analysts believe that the next target is around $110,500. If Bitcoin stays above this mark, it could break its old all-time high of $111,970, or even go higher in the coming week.s

The U.S. added 147,000 jobs in June, beating the forecasts of 110,000. The unemployment rate dipped to 4.1%. The strong data supports Fed Chair Powell’s cautious stance on rate cuts, despite pressure from President Trump for early rate cuts. Bitcoin, which had surged past $110K just hours ago, dipped slightly to $109.5K after the report. The U.S stock futures ticked up slightly after June’s stronger-than-expected jobs report. The Nasdaq 100 and S&P 500 were up 0.3%, while the 10-year Treasury yield jumped to 4.36%. Traders still expect the Fed to hold rates in July, but see a 95% chance of cuts by September, as per CME FedWatch data.

MOODENG has surged over 40% in the last 24 hours and is now trading around $0.204. This spike follows a major news: Upbit recently announced that it would list the hippo-themed Solana meme coin. This sparked rapid investor interest and pushed MOODENG’s market cap past $217 million, ahead of its rivals like NEIRO and BABYDOGE. Also, the memecoin is pumping hard ahead of its namesake pygmy hippo’s 1st birthday on July 10.  The buzz around the celebration is expected to fuel even more hype for the coin. 

Since April, selling pressure from U.S. whales and institutions has steadily declined, signaling a shift in market momentum. Recent on-chain data shows consistent buying activity, suggesting accumulation is underway. With whale demand returning and buying pressure holding strong, Bitcoin’s direction has clearly turned upward—setting the stage for a potential bullish continuation.

Bitstamp by Robinhood has officially secured a Major Payment Institution license from the Monetary Authority of Singapore (MAS), marking its strategic entry into the APAC region. With over 14 years of global experience and a proven regulatory track record, Bitstamp offers APAC clients secure, fast, and institutional-grade access to crypto markets. The exchange brings global liquidity, reliable on/off ramps, advanced trading tools, and top-tier security certifications. Backed by a dedicated Singapore-based team, Bitstamp aims to raise the bar for crypto services in Asia, combining local expertise with global standards in trust, transparency, and performance.

Swiss crypto bank AMINA is now offering services with Ripple’s new USD-pegged stablecoin, RLUSD, becoming the first global bank to do so. The bank will offer custody and trading for RLUSD, starting with institutional and professional investors, and plans to expand its services in the coming months. This move comes amid the rising demand for regulated stablecoins, which are now worth $250 billion. RLUSD, regulated by New York’s DFS, has already reached a $430 million supply.

The International Monetary Fund (IMF) has rejected Pakistan’s proposal to offer subsidised electricity tariffs for crypto mining operations. The IMF has raised concerns that the subsidies could strain the already burdened power sector and distort the market. However, talks are still ongoing as the government works on a revised proposal. Pakistan had first proposed a six-month subsidized tariff in Sept 2024, then a targeted subsidy in November, but the IMF rejected both, saying that they could hurt the economy. The IMF allowed only a 3-month version. 

The REX-Osprey Solana Staking ETF, launched Wednesday on Cboe, has pulled in a massive $12 million in inflows and $33 million in trading volume on day one. Bloomberg’s James Seyffart called it a “healthy start,” as he noted $8 million traded in the first 20 minutes. Eric Balchunas said that it has also outperformed Solana and XRP futures ETFs, but is still far below Bitcoin and Ether spot ETF debuts, which saw $4.6 billion in day-one volume. Analysts now give a 95% chance for spot Solana ETF approval by the year-end. 

Ethereum is setting up for a major move, with $2,700 now in sight. The key level to watch remains $2,500; only a sustained hold above this zone can trigger the next leg higher. A short-term dip may still play out before the rally kicks in. With institutional capital steadily flowing into ETH and renewed optimism around ETF approvals and on-chain activity, a breakout could lead to a rapid push toward new all-time highs. Momentum is building. Ethereum’s next major pump may be closer than many expect.

Bitcoin is testing the upper end of its consolidation range around $110,000, as strong ETF inflows, declining exchange balances, and mounting political pressure on the Fed create a potential breakout scenario. Despite these bullish signals, price action remains muted suggesting the market is coiling for a major move. With July’s historically strong seasonality and key labor market data just hours away, the timing is critical. Volatility remains low, offering strategic entry points. If Bitcoin breaks past $110K with conviction, the next leg higher could be swift. All eyes are on the upcoming macro signals to confirm the breakout.