Bhutan’s Crypto Treasury: A Tale of Hydropower and Bitcoin
The tiny Himalayan nation accelerated sales from its crypto treasury and offloaded over 512.84 bitcoin
The tiny Himalayan nation accelerated sales from its crypto treasury and offloaded over 512.84 bitcoin
It’s now in the top 15 crypto assets, overtaking Shiba Inu (SHIB) and Bitcoin Cash (BCH). I guess you could say it’s the new kid on the block. 🎉
The breakout above the previous all-time high of $112,000 was nothing short of explosive, a fireworks display that left investors both elated and bewildered. The question on everyone’s lips, or perhaps more accurately, on everyone’s keyboards, is: How much further will this wild beast run?
All eyes are on the U.S. CPI data release on July 15 at 08:30 ET. If the print is hotter than expected, brace yourself for volatility across crypto and equities. But a favorable CPI number could keep the party going.
But hold your horses, my dear reader. We’re not out of the woods yet. The RSI is currently sitting pretty in overbought territory (above 86, mind you), so there’s a good chance we’ll see some consolidation or a pullback near that pesky $0.52 resistance zone before any more fireworks. However, should the bulls defend the breakout zone around $0.33–$0.36 as new support, we could very well be looking at a more sustained rally. The plot thickens, doesn’t it?
Indeed, Hedera [HBAR] has not exhibited such vigorous activity in many moons—this latest flourish suggests it may well remain lively for the foreseeable future. 💃
Now, dear reader, it would appear that the Pi Network’s coin is tiptoeing around a rather pivotal support level, attracting more attention than a circus clown at a tea party. Presently, the price stands at $0.47, showing a meager 0.94% rise in the last day and an equally unimpressive 0.67% over the week. This is particularly alarming, mind you, given that most cryptocurrencies are frolicking in greener pastures. The trading volume, a paltry $96.5 million, suggests activity is as lively as a sloth in a hammock. 🌿
According to data from crypto.news, Ethereum (ETH) has managed to beat out its tariff-induced slump and reclaim the $3,000 threshold on July 14, 2025. The last time ETH managed to reach that level was in early February, where it stood at the edge of $3,125 right before falling deeper below $2,862.
The wise Bitwise CEO, Hunter Horsley—one might imagine him in a finely tailored suit, waving his hands grandly—proclaims that this rally is far from a competition with Bitcoin. Rather, it is a noble crusade to overhaul the dusty old edifices of Web2 and the obsolescent financial systems of yore.
While on-chain metrics aren’t exactly throwing a party, there are whispers of a potential shift in the bearish winds. 🐻