Bitcoin's V-Shaped Recovery, Altcoin Standouts, and SpaceX's Crypto Move cover art

Bitcoin's V-Shaped Recovery, Altcoin Standouts, and SpaceX's Crypto Move

Bitcoin's V-Shaped Recovery, Altcoin Standouts, and SpaceX's Crypto Move

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 The Bitcoin & Cryptocurrency Investment Show podcast.

Welcome back to The Bitcoin & Cryptocurrency Investment Show! I’m Crypto Willy—your go-to guy for the inside scoop on everything digital currency, with a tech-fanatic’s brain and your best friend’s heart. Grab that cold brew, because there’s a lot of ground to cover in what’s been another wild week in crypto.

Let’s talk Bitcoin first, because when Bitcoin sneezes, the whole market catches a cold. After that gut-wrenching dip below $100K last month (I know you saw it!), Bitcoin has staged an almost picture-perfect V-shaped recovery. As of today, July 22, we’re hovering around $118,400. Traders have been watching the 50-day EMA like hawks, which sits at roughly $108,700. The vibe right now? Kinda cautious. We’re sandwiched between support at $116,500 and resistance just shy of $120K. Break that $119-$120K barrier, and some analysts say we could see a shot at $122K or even $124K. But if Bitcoin can’t hold this level, we might slide to $114,800—or even $112K. Still, optimism is high: analysts over at Changelly are projecting a potential late-July surge to $125K–$128K if the rally’s legs hold up, and the ultra-bullish are eyeing $140K-plus by year-end if institutional buyers keep showing up.

Altcoins are riding the Bitcoin rollercoaster, but with some standouts blazing their own trail. Solana just burst past $200, up 12% in a week—its best performance since February. XRP is grinding it out near the $3.5 mark, almost at its all-time high. Ethereum’s holding its ground above $3,700 and continues to attract both investors and developers, especially as utility-driven projects gain traction. Zilliqa’s interim CEO, Alexander Zahnd, nailed it by calling this a classic “second-phase move”—meaning that as Bitcoin stabilizes, capital starts flowing into riskier (and sometimes more innovative) altcoins.

Major news broke yesterday when a SpaceX-linked wallet moved over $152 million in BTC—1,308.45 coins, to be exact. This has fueled speculation about Elon Musk’s crypto intentions, but so far, no confirmed dump. Meanwhile, Bitget Wallet, in collaboration with MoonPay, has rolled out a fiat withdrawal option. That’s a big win for folks who want smooth exits from crypto into cash without a ton of hoops.

On the regulation front, the US Congress is wrapping up “Crypto Week,” with the industry holding its breath for hints of friendlier legislation. Optimism is running high that legal clarity will invite more institutional money and innovation into the space. Still, macro risks lurk; those 30% tariffs announced by former President Trump on EU and Mexican imports could shake global markets, though crypto has shown resilience time and again.

One more thing: the Fear & Greed Index is sitting at a greedy 67 out of 100. So yes, retail FOMO is back, but remember—stay sharp, manage that risk, and zoom out when the price action gets wild.

Thanks for tuning in to The Bitcoin & Cryptocurrency Investment Show. Don’t forget to check back next week for your must-have dose of crypto reality, and spread the word—this has been a Quiet Please production. For more of me, dip into Quiet Please Dot A I. Catch you next time, friends!

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