Bitcoin News Today: Bitcoin Nears $120K as Altcoins Surge, XYZVerse Meme Coin Soars 50x in Presale

As Bitcoin edges closer to the $120,000 milestone, the cryptocurrency market is witnessing a surge in activity across major altcoins and emerging projects. XRP, Dogecoin, and Shiba Inu have shown mixed technical indicators, while XYZVerse—a newly launched meme coin with sports-themed utility—has captured attention with its presale progress and strategic partnerships[1].

Bitcoin’s recent price action reflects a consolidation phase, with its current range between $114,610 and $120,963. Over the past month, the asset gained 12.04%, and the six-month total return stands at 12.66%. Despite a 0.42% weekly decline, technical metrics remain neutral: the RSI at 47.16 and the MACD at -52.57 suggest bearish momentum is not yet dominant. Key resistance at $124,685 and support at $111,979 could dictate short-term price behavior[1].

XRP has outperformed Bitcoin in recent months, surging 42.54% over the past 30 days. While its 6-month total return dipped 0.54%, bullish sentiment persists as the price approaches the $3.81 level. The RSI near oversold territory (34.65) and a projected breakout above $4.16 resistance hint at potential for a 30% gain. However, the MACD (-0.0805) and short-term average of $3.12 indicate caution for near-term volatility[1].

Dogecoin has rebounded sharply, posting an 8.94% weekly increase and a 42.47% monthly gain. Yet, its six-month total return remains negative at -33.47%. Technical indicators like the RSI (37.25) and MACD (-0.0058) suggest a tug-of-war between bullish and bearish forces. A breakout above $0.34 resistance could drive the price toward $0.43, a 38% rise, but further weakness below $0.16 support could test critical levels at $0.06647[1].

Shiba Inu faces a more challenging trajectory. Despite a 15.99% monthly gain, its six-month total return fell 32.77%. A 6.68% weekly decline has brought its price near $0.00001666, with RSI (34.77) suggesting oversold conditions. However, the 10-day SMA ($0.00001358) trailing the 100-day SMA ($0.00001497) indicates lingering bearish bias. Key resistance at $0.00001780 and support at $0.00001160 will likely determine near-term direction[1].

Amid this backdrop, XYZVerse has emerged as an unconventional contender. The sports-themed memecoin has raised $15 million in its presale, with the token price rising from $0.0001 to $0.005. Strategic partnerships, including a collaboration with bookmaker.XYZ, have added on-chain utility, while token holders receive exclusive perks on initial bets. The project’s roadmap includes gamified products and listings on major exchanges, with a projected final presale price of $0.02 and a $0.10 listing target potentially offering 1,000x returns for early investors[1].

XYZVerse’s tokenomics emphasize community-driven growth through airdrops and token burns, aligning with its focus on sports and web3 integration. While its market capitalization is still in development, the project’s presale progress and early adoption metrics suggest strong retail and institutional interest. Analysts note that its unique position at the intersection of memecoins and sports betting could differentiate it in a crowded market, though long-term success remains contingent on execution and adoption[1].

Source: [1] [Bitcoin Near $120K—XRP, DOGE, SHIB Respond—Here’s Why XYZVerse Could Be the Unexpected Surprise] [https://cryptodaily.co.uk/2025/07/bitcoin-near-120k-xrp-doge-shib-respond-heres-why-xyzverse-could-be-the-unexpected-surprise]