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🧠 🐋 $109K Bitcoin Is Back... But Why Are the Whales Buying Now?

🧠 🐋 $109K Bitcoin Is Back... But Why Are the Whales Buying Now?

July 3, 2025 | Market Mood: Greed 🤑 (73); It’s Bullish in Crypto-town

Day Trading Editorial Team
July 04, 2025

⏱️ Quick Read (2–3 min): Connecticut's Crypto Ban vs. National Trends

😱 FEAR & GREED INDEX

Bitcoin’s holding above $109K, but behind the scenes, whales are loading up and ETFs keep dripping in fresh inflows.

Memecoins Dogwifhat and PEPE are mooning, TradFi’s scrambling to keep up, and Connecticut just banned BTC reserves, on the same day Saylor bought more.

Narrative chaos? Absolutely. But the smart money seems unfazed.

🧪 Poll of the Week

Connecticut bans Bitcoin reserves and crypto payments. Bold move or total L? How do you see it?

👉 Vote wisely—your reputation’s on the line.

This Week’s Big Movers

🔺Pudgy Penguins (PENGU) +65% 🔺Fartcoin (FART) +28% 🔺Bonk (BONK) +25%

🔺Useless Coin (USELESS) +91% 🔺Moo Deng (MOODENG) +43% 🔺Ronin (RONIN) +41%

🔻Bitcoin SV (BSV) -22% 🔻Bananas for Scale (BANANAS) -25% 🔻Pi Network (PI) -11%

🔻AB (AB) 18.4% 🔻Daku (DAKU) -100% 🔻CATX (CTAX) -96%

🔥 Connecticut’s Bitcoin Ban: Why One State Just Slammed the Door on Crypto

On June 30, Connecticut became the first U.S. state to outlaw government Bitcoin reserves and crypto payments entirely. Here’s why this move matters:

No BTC Allowed: State agencies and municipalities are now banned from accepting or holding any digital assets.

New Sheriff in Town: Tighter licensing rules and consumer protections target crypto businesses statewide.

Against the Grain: While other states add BTC to their treasuries, Connecticut’s move sparks a national face-off: TradFi loyalty or crypto-first future?

The Big Question: Will other states follow, or is this peak boomer FUD before the next bull run?

👉 Read the full breakdown and see why Connecticut just threw a wrench into America’s crypto experiment: Connecticut’s Bitcoin Ban Explained.

👉 What to Watch Next Week

July Nonfarm Payrolls—Will soft hiring numbers pressure the Fed to cut rates?
Tariff Expiration Drama—Trump’s 90-day suspension ends July 9—market volatility incoming.
ETH Layer-2 Proposals—PECTRA scaling details could spark the next big alt rally.
Stablecoin Rules—Treasury’s draft regulation drop may finally move the needle on oversight.

📰 News That Caught Our Attention

💥 $180 Million Hacked from Brazilian Banks — Crypto Exit

Brazilian banks got hit by a massive hack siphoning $180M. The attackers used Bitcoin and Monero to cash out, raising fresh questions about cross-border laundering.

👉 Full story on Bitcoin.com

👉 Full story on Bitcoin.com🏛️ U.S. House to Vote on “One Big Beautiful Bill” Today

Lawmakers are preparing a landmark crypto omnibus bill that could overhaul stablecoin rules, tax reporting, and custody laws in one swoop. If it passes, this is the most significant policy shift since 2021.

👉 Read the Binance Square update

🔎 DOJ Recovers $40K in Crypto Scam via Tether

The Department of Justice seized $40,000 in crypto linked to a scam that targeted Trump Vance inauguration donors. Tether’s tracking tools played a key role in the recovery.

👉 See Cointelegraph cover

💰 Trump’s Wealth Increases by $620M Thanks to Crypto

New disclosures show Trump’s crypto holdings exploded in value this year, driven by meme coins and tokenized equity exposure. His team called it “proof of American innovation.”

👉 Details on Cointribune

📚 RESOURCES WE LIKED THIS WEEK

🕵️ How Hackers Use Fake Phones to Steal Your Coins

SIM swaps are old news—here’s how fraudsters are cloning entire devices to drain wallets. This guide shows exactly how it works (and how to stay safe).

👉 Protect yourself from the new tricks

💡 How Smart Money Moves in Crypto Markets

Whales don’t guess—they rotate liquidity with a playbook. This piece breaks down the signals and tactics institutions use to front-run the crowd.

👉 Study the smart money blueprint