Cryptocurrency
Three Reasons Why the Bitcoin (BTC) Price Could Hit a New ATH Before the End of 2024

The first half of 2024 was more than successful for Bitcoin (BTC), whose price reached an all-time high of over $73,500 in mid-March. It currently trades for an increase of around 115% on a yearly scale.
In the following lines, we will touch upon some essential factors and upcoming events that could push BTC to a new price peak before the end of the year.
The US Presidential Elections
The result of the voting (scheduled for November this year) could trigger enhanced volatility for the leading digital asset. The main battle will be between the current president and candidate from the Democratic party – Joe Biden – and the Republican nominee – Donald Trump.
The latter has recently presented himself as the right choice for pro-crypto voters, promising to let the industry thrive. He also pledged to increase America’s BTC mining efforts and opposed the idea of launching a central bank digital currency (CBDC).
Latest polls suggest that he currently has the upper hand, collecting 42.3% of the total votes. Biden is trailing behind with an estimated support of 40.3%.
It is worth mentioning that Trump recently survived an assassination attempt during a public speech in Pennsylvania. He was shot at by a 20-year-old gunman, but fortunately, the bullet only scrapped his ear, while the medics who took care of him assured his life was out of danger. BTC and the entire crypto sector reacted positively to the news of his survival, with the global market cap briefly rising above $2.5 trillion.
That said, it will be interesting to see how his possible election as America’s 47th president will affect Bitcoin’s price.
The Fed’s Actions
The US central bank launched an aggressive anti-inflationary regime after the COVID-19 pandemic shocked the world. Besides the numerous victims, the health disaster resulted in vacated jobs, isolation, uncertainty, financial instability, and many other setbacks.
To support the crippled economy, the Federal Reserve started raising interest rates, lifting the benchmark 11 consecutive times between March 2022 and July 2023. Currently, the level stands at 5.25%-5.50%, with numerous industry participants expecting a pivot in the following months.
Previously, it was taught that the Fed would wait until inflation cools off to the healthy zone of 2% before lowering interest rates. Earlier this week, Chairman Powell said the bank may pivot earlier than expected:
“The implication of that is that if you wait until inflation gets all the way down to 2%, you’ve probably waited too long because the tightening that you’re doing, or the level of tightness that you have, is still having effects which will probably drive inflation below 2%,” Powell stated.
The Fed’s next FOMC meetings are set for July 31 and September 18. Some sources claim an interest rate cut after the second meeting is increasingly likely.
Lowering the benchmark will make money borrowing cheaper, potentially increasing the interest in risk-on assets such as BTC. In turn, the potential flow of fresh capital might trigger a further rally.
The Halving
Last but not least, we will focus on the Bitcoin halving, which took place in April of this year. The event occurs approximately every four years and slashes in half the daily issuance of the leading digital asset.
Historically, it has been a precursor of a major resurgence for BTC and the entire crypto market. At the time of the halving, the asset was worth around $64,000, briefly spiking above $71,000 a month later.
However, some analysts have recently reminded that the price of BTC peaked a year (and even more) after the halvings in 2012, 2016, and 2020. This means that the asset is yet to reach new milestones (assuming it mirrors it performance from the past).
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Cryptocurrency
On-Chain Data Signals ‘Buy the Dip’ as Bitcoin Hashrate Hits New Highs

Bitcoin (BTC) is down almost 7% from its all-time high (ATH), and on-chain signals are flashing a buying opportunity.
According to Darkfost, a pseudonymous analyst at the market intelligence platform CryptoQuant, this buy signal is coming from the Bitcoin Hash Ribbons indicator. This metric tracks the Bitcoin hashrate and is used to identify potential entry points during a market correction.
Is it Time to Buy the Dip?
The Hash Ribbon monitors Bitcoin mining activity and tells when miners are under stress or capitulating by comparing the 30-day and 60-day moving averages of the hashrate. Miner capitulation refers to a period when miners shut down their hardware and sell off their coin reserves to remain afloat because BTC has fallen below a certain price.
On most occasions, the capitulation coincides with the hashrate recovery. The hashrate metric tells how much computational power is required to solve complex math problems and approve transactions on the Bitcoin network. During this period of recovery, mining becomes more difficult.
Market experts say buying BTC during miner capitulation yields significant returns, and the best buy signals are seen during hashrate recoveries. Recently, Bitcoin’s hashrate has been reaching new highs, with the latest being 1.016 billion TH/S. The network’s mining difficulty also surged past 126 trillion during the last adjustment on May 30.
“We recently got a new buy signal from the Hash Ribbons indicator. This metric helps us assess the level of stress in the Bitcoin mining ecosystem. It’s not a big surprise considering that the hashrate has recently reached new all-time highs,” Darkfost stated.
Miners Are Selling Their BTC
Furthermore, the CryptoQuant analyst noted that the Hash Ribbon’s flashing a buy signal is a short-term negative. This is because miners selling their BTC to stay operational create long-term profitable opportunities.
Darkfost explained that the indicator has always been accurate except once, during the 2021 China mining ban event. Hence, the possibility of the metric being correct this time is high.
“Bottom line, this signal is telling you that buying the dip around here is a smart move,” he added.
The analysis comes as a solo BTC miner defied hashrate odds and beat mining giants to validate a block on the Bitcoin network, earning a reward worth over $330,000. Mining successes like this are extremely rare due to the high computational power required to approve transactions.
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Cryptocurrency
USD1 Stablecoin Goes Live on DWF Liquid Markets

[PRESS RELEASE – Dubai, UAE, June 5th, 2025]
The next-generation web3 investor and market maker DWF Labs has announced that the USD1 stablecoin has gone live on DWF Liquid Markets. Its introduction means that more than 1,000 counterparties can access USD1 via DWF’s institutional-grade trading solution.
Developed by World Liberty Financial, USD1 operates as a fiat-backed stablecoin for institutional and retail traders. Custodied by BitGo, USD1 is fully backed by short-term US government treasuries, US dollar deposits, and other cash equivalents.
USD1 will form a cornerstone of DWF Liquid Markets which supports instant OTC trades using a request for quote (RFQ) model. This enables traders to tap into competitive price quotes and execute OTC trades privately with no market impact. Characterized by deep liquidity and 24/7 access, DWF Liquid Markets is optimized for facilitating large trades of leading crypto assets.
Andrei Grachev, Managing Partner at DWF Labs, said: “Stablecoin diversity is integral to supporting a robust trading ecosystem that isn’t reliant on any single dollar-based asset. The launch of USD1 on DWF Liquid Markers supports this goal, giving professional traders access to a versatile and transparent stablecoin that can serve as a base pair for all their trading activity.”
The introduction of USD1 on DWF Liquid Markets will significantly expand access to the institutional-friendly stablecoin which is fully backed by a reserve portfolio audited regularly by a leading accounting firm.
Initially launched on Ethereum and Binance Smart Chain, USD1 will eventually expand to other protocols in the future. Each token is designed to maintain a value of $1 USD and is fully backed by a reserve portfolio audited regularly by a third-party accounting firm.
About DWF Labs
DWF Labs is the new generation Web3 investor and market maker, one of the world’s largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.
Learn more: https://www.dwf-labs.com/
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Cryptocurrency
Bitcoin (BTC) Sees Highest Wallet Growth and Circulation Spikes of 2025

Bitcoin climbed to a fresh peak in May, but upward momentum slowed as long-term holders began locking in profits. Its price has remained relatively stable this week, fluctuating within a narrow range of $103,000 to $106,000.
At the time of writing, the crypto asset trades below $105,000, which represents a minor decline over the past day. Despite the subdued price action, Bitcoin is seeing an increased user participation.
Strong BTC Network Growth
Bitcoin’s on-chain activity has spiked sharply this week, according to the latest analysis from Santiment. On May 29, the network registered 556,830 newly created wallets – the highest daily total since December 2, 2023, representing a significant surge in user growth.
Just days later, on June 2, Bitcoin saw its most active circulation day since December 8, 2024, with 241,360 BTC moved. These activity spikes coincide with Bitcoin’s price trading just below $105,000.
Santiment noted that rising network growth and token circulation are typically bullish indicators, pointing to a renewed interest and broader utility at a time when the crypto market continues to consolidate.
The latest activity comes as Bitcoin sees renewed bullish accumulation, with new whales, wallets holding 1,000+ BTC with coins aged under six months, doubling their holdings to 1.1 million BTC since March. This 600K BTC surge, which is around $63 billion, now represents 5.6% of the total supply, indicating intensified fresh capital inflows.
Unlike long-held coins, these recent buys suggest increased investor conviction. Combined with a 30% drop in exchange balances and increasing institutional adoption, market experts view this behavior as a setup for a supply squeeze.
While increased network activity and accumulation trends paint a strong demand-side picture, miner-focused metrics are now offering additional insights into the current market setup.
Bitcoin Hash Ribbons Flash Rare Buy Signal
Bitcoin’s Hash Ribbons indicator has issued a new buy signal, highlighting stress within the mining sector. The tool monitors the 30-day and 60-day hashrate moving averages to detect periods when mining becomes less profitable.
Such stress often forces miners to sell their BTC, adding short-term selling pressure. However, this has historically reflected attractive buying opportunities for long-term investors. Given Bitcoin’s hash rate has recently hit all-time highs, the emergence of this signal suggests the current market dip may be worth buying.
It’s important to note that, aside from 2021’s mining ban in China, this indicator has proven consistently reliable in identifying solid entry points.
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