Bitcoin News Today: Bitcoin Falls Nearly 10% After $1.2B Transfer Sparks Sell-Off, $50T Outlook Amid Volatility

Bitcoin’s price has swung sharply this week, dipping nearly 10% from its all-time high and reigniting concerns about a potential market correction. The cryptocurrency, which had nearly doubled year-to-date, now faces renewed scrutiny as institutional activity and speculative forecasts collide with macroeconomic uncertainties. Analysts are divided on whether this volatility signals a bearish reversal or a temporary pullback ahead of a sustained rally.

The recent selloff followed a significant transfer of 10,000 Bitcoin—worth $1.2 billion—by Galaxy Digital to exchanges, according to blockchain monitoring tools. While Mike Novogratz, founder of Galaxy Digital, remains bullish, he tied Bitcoin’s future to U.S. President Donald Trump’s influence on Federal Reserve policy. “We’re in price discovery,” Novogratz told CNBC, adding that $150,000 remains a “decent target” if interest rates decline [3]. This stance contrasts with immediate market jitters, as the asset hovered near critical support levels between $89,500 and $85,400, a drop of 17% from current levels required to confirm a bearish trend [1].

Meanwhile, veteran investor Dan Tapiero has escalated his crypto market forecast, expanding his earlier $10 trillion 10-year projection to $50 trillion through a new $500 million fund, 50T. Tapiero cited recent developments—such as Circle’s public market debut and Coinbase’s acquisition of Deribit—as evidence that the crypto ecosystem, already valued at $5 trillion, is accelerating beyond initial timelines. “All value will eventually move on-chain,” he stated, highlighting regulatory advancements in the U.S. as a catalyst for growth [1]. His optimism is echoed by B2BInPay analysts, who noted Bitcoin’s proximity to key technical thresholds. A breakout above $116,100 could trigger a rally toward $127,700, while a dip below $98,300 would test the next major support band [1].

Institutional confidence persists despite the turbulence. Tesla’s decision to retain 11,509 Bitcoin—valued at $1.2 billion—at the end of Q2 reflects broader corporate strategies to hedge against inflation. However, this move does not guarantee near-term price stability, as macroeconomic pressures and regulatory ambiguity continue to weigh on the market [3]. The absence of a unified global framework for crypto remains a barrier to mainstream adoption, even as entities like BlackRock signal incremental acceptance. Larry Fink’s speculative $700,000 price target for Bitcoin, though untested, underscores the asset’s growing recognition in traditional finance [8].

The interplay between speculative momentum and foundational reforms will likely dictate Bitcoin’s trajectory in the coming months. Investors are advised to monitor U.S. interest rate decisions, institutional activity, and policy announcements, which could either reinforce or undermine the current outlook. For now, the market remains in a state of flux, balancing between the promise of a $50 trillion ecosystem and the reality of a $4 trillion sector revival driven by “crypto whales” and policy optimism [2].

Sources:

[1] [Bitcoin Is Suddenly On The Brink As Crypto Braces For A $50 Trillion Price Shock] [https://www.forbes.com/sites/digital-assets/2025/07/25/bitcoin-is-suddenly-on-the-brink-as-crypto-braces-for-a-50-trillion-price-shock/]

[2] [Crypto Whales Drive $4 Trillion Market Revival on Policy Optimism] [https://www.advisorperspectives.com/firm/bloomberg-news]

[3] [Tesla Maintains BTC Position] [https://mlq.ai/news/]

[8] [Larry Fink on Bitcoin’s Potential] [https://investorshub.advfn.com/Mining-Sector-Ideas-25504]